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) June 27, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of June 1, 1998,
providing for the issuance of Home Equity Loan
Pass-Through Certificates, Series 1998-HE2)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
- ------------------------------------------------------------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
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 June 26, 1998 GE Capital Mortgage Services, Inc., ("GECMSI")
offered to investors certain classes of its Home Equity Loan
Pass-Through Certificates, Series 1998-HE2 (the "Certificates")
evidencing beneficial ownership interests in a trust fund (the
"Trust Fund"). The assets of the Trust Fund consist primarily of
a pool (the "Mortgage Pool") of closed-end, fixed-rate, home
equity loans (the "Mortgage Loans") secured by first or second
liens on one- to four-family residential properties (the
"Mortgaged Properties"). Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the
Prospectus dated May 26, 1998 as supplemented by the Prospectus
Supplement dated June 23, 1998.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $59,500,000.00
Class A2 $21,500,000.00
Class A3 $27,600,000.00
Class A4 $13,400,000.00
Class A5 $15,100,000.00
Class A6 $23,478,000.00
Class A7 $17,800,000.00
Class R1 $500.00
Class R2 $500.00
Class M $4,861,000.00
Class B1 $4,375,000.00
Class B2 $1,945,000.00
Class B3 $1,945,000.00
Class B4 $1,459,000.00
Class B5 $1,459,719.67
Class S (1)
-----------------
Total $194,423,719.67
-----------------
(1) The Class S has an original Notional Principal Balance equal to
$194,423,719.67
The initial Junior Percentage and Senior Percentage of the
Certificates are approximately 8.25% and 91.75%, respectively.
The Bankruptcy Loss Amount, the Fraud Loss Amount and the Special
Hazard Loss Amount, as of the initial issuance of the
Certificates, are approximately $50,000, $3,888,474 and
$1,944,237 respectively, representing approximately 0.03%, 2.00%
and 1.00%, respectively, of the aggregate Principal Balances of
the Mortgage Loans as of June 1, 1998 (the "Cut-off Date").
The Mortgage Loans accrue interest on a simple interest basis
(the "Simple Interest Mortgage Loans") or a self- amortizing
basis (the "Self-Amortizing Mortgage Loans"). Approximately
93.76% of the Mortgage Loans are Self-Amortizing Mortgage Loans,
and approximately 6.24% of the Mortgage Loans are Simple Interest
Mortgage Loans, in each case by Principal Balance as of the
Cut-off Date.
2
<PAGE>
The Mortgage Rates borne by the Mortgage Loans range from
approximately 7.05% to 15.00% per annum, and the weighted average
of the Mortgage Rates as of the Cut-off Date for the Mortgage
Loans is approximately 9.136% per annum. The original principal
balances of the Mortgage Loans range from approximately $7,500.00
to $450,000.00 and, as of the Cut-off Date, the average Principal
Balance of the Mortgage Loans is approximately $70,063 after
application of payments made before the Cut-off Date. The month
and year of the earliest origination date of any Mortgage Loan is
May 1994, and the month and year of the latest scheduled maturity
date of any such Mortgage Loan is May 2028. All of the Mortgage
Loans have original terms to maturity of approximately 5 years to
30 years. The remaining months to stated maturity for the
Mortgage Loans as of the Cutoff Date range from approximately 45
months to 360 months and the weighted average remaining months to
stated maturity of the Mortgage Loans as of the Cut-off Date is
approximately 244 months. Approximately 22.12% of the Mortgage
Loans are Balloon Loans. The weighted average remaining term to
stated maturity of the Balloon Loans is approximately 177 months.
The Home Equity Loan-to-Value Ratios of the Mortgage Loans at
origination range from approximately 1.416% to 90.595%, and the
weighted average of the home Equity Loan-to- Value Ratios of the
Mortgage Loans at origination is approximately 71.84%. The
Second-Lien Combined Loan-to- Value Ratio of the second-lien
Mortgage Loans at origination range from approximately 8.256% to
96.979%, and the weighted average of the Second-Lien Combined
Loan-to-Value Ratios of such Mortgage Loans at origination is
approximately 72.25%. No more than approximately 0.45% (by
Principal Balance as of the Cut-off Date) of the Mortgage Loans
will be secured by Mortgaged Properties located in any one postal
zip code area.
No more than approximately 0.88% (by Principal Balance as
of the Cut-off Date) of the Mortgage Loans have been originated
under the NIV program. Approximately 3.31% (by Principal Balance
as of the Cut-off Date) of the Mortgage Loans will be "Consumer
Direct" loans originated by the Company with borrowers who
currently have loans serviced by the Company. In addition, no
more than approximately 1.57% of the Mortgage Loans have been
originated under the Streamlined Portfolio program.
Set forth below is a description of certain additional
characteristics of the Mortgage Pool and the Mortgage Loans
included therein (the sum of the balances may not equal 100% due
to rounding):
Cut-off Date Principal Balances
- ------------------------------------------------------------------------------
Percentage of
Range of Cut-off Cut-off Date
Cut-off Date Number of Date Aggregate Principal
Principal Balances Mortgage Loans Principal Balance Balance
- ------------------------------------------------------------------------------
$ 00.00 - 10,000.00 8 $71,494.97 0.04%
10,000.01 - 20,000.00 165 $2,659,908.11 1.37%
20,000.01 - 30,000.00 234 $6,078,455.72 3.13%
30,000.01 - 40,000.00 296 $10,469,939.37 5.39%
40,000.01 - 50,000.00 375 $16,951,007.89 8.72%
50,000.01 - 60,000.00 376 $20,785,886.47 10.69%
60,000.01 - 75,000.00 381 $25,671,383.54 13.20%
75,000.01 - 100,000.00 448 $39,224,502.51 20.17%
100,000.01 - 150,000.00 347 $42,085,272.07 21.65%
150,000.01 - 200,000.00 83 $14,356,772.42 7.38%
200,000.01 - 250,000.00 34 $7,438,242.18 3.83%
250,000.01 - 300,000.00 17 $4,622,542.21 2.38%
300,000.01 - 350,000.00 4 $1,287,181.51 0.66%
350,000.01 - 400,000.00 6 $2,271,130.70 1.17%
400,000.01 & Above 1 $450,000.00 0.23%
---------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
=========================================================
3
<PAGE>
Mortgage Rates
- --------------------------------------------------------------------------------
Percentage of
Cut-off Cut-off Date
Range of Number of Date Aggregate Principal
Mortgage Rates Mortgage Loans Principal Balance Balance
- --------------------------------------------------------------------------------
0.000 - 7.500% 11 $1,059,518.94 0.54%
7.501 - 8.000 153 $12,876,772.72 6.62%
8.001 - 8.500 743 $57,919,497.89 29.79%
8.501 - 9.000 570 $42,662,795.25 21.94%
9.001 - 9.500 383 $24,577,652.40 12.64%
9.501 - 10.000 385 $24,621,111.19 12.66%
10.001 - 10.500 179 $10,956,445.52 5.64%
10.501 - 11.000 195 $11,385,540.05 5.86%
11.001 - 11.500 57 $3,193,034.56 1.64%
11.501 - 12.000 49 $2,878,975.16 1.48%
12.001 - 12.500 16 $858,496.91 0.44%
12.501 - 13.000 21 $874,265.42 0.45%
13.001 - 13.500 5 $284,571.19 0.15%
13.501 - 14.000 2 $102,587.19 0.05%
14.001 - 15.000 6 $172,455.28 0.09%
-----------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
===========================================================
4
<PAGE>
Geographic Distribution of Mortgaged Properties
- --------------------------------------------------------------------------------
Number of Cut-off Date Percentage of Cut-off Date
State Mortgage Loans Principal Balance Aggregate Principal Balance
- --------------------------------------------------------------------------------
Alabama 73 $3,610,494.94 1.86%
Arizona 17 $813,734.20 0.42%
Arkansas 7 $569,297.32 0.29%
California 45 $2,665,409.16 1.37%
Colorado 92 $7,192,878.42 3.70%
Connecticut 51 $4,594,882.04 2.36%
Delaware 3 $147,698.79 0.08%
District of Columbia 59 $4,273,904.18 2.20%
Florida 559 $33,626,304.86 17.30%
Georgia 58 $3,187,676.88 1.64%
Idaho 4 $319,285.24 0.16%
Illinois 142 $9,768,141.76 5.02%
Indiana 106 $5,132,960.17 2.64%
Iowa 6 $309,764.46 0.16%
Kansas 4 $217,967.88 0.11%
Kentucky 16 $835,755.11 0.43%
Louisiana 16 $832,481.31 0.43%
Maryland 160 $14,067,170.26 7.24%
Massachusetts 74 $6,944,919.91 3.57%
Michigan 73 $4,701,686.45 2.42%
Minnesota 4 $264,846.34 0.14%
Mississippi 3 $172,076.22 0.09%
Missouri 54 $3,415,714.15 1.76%
Montana 1 102,755.78 0.05%
Nebraska 7 $521,911.40 0.27%
Nevada 2 $71,213.29 0.04%
New Hampshire 1 $95,147.99 0.05%
New Jersey 114 $10,457,869.97 5.38%
New Mexico 16 $785,051.54 0.40%
New York 303 $26,592,984.80 13.68%
North Carolina 163 $9,827,898.25 5.05%
Ohio 158 $10,940,863.24 5.63%
Oklahoma 5 $260,937.35 0.13%
Oregon 7 $393,351.42 0.20%
Pennsylvania 77 $5,693,478.22 2.93%
Rhode Island 18 $1,252,044.67 0.64%
South Carolina 67 $4,223,322.05 2.17%
South Dakota 2 $337,348.66 0.17%
Tennessee 63 $4,479,680.84 2.30%
Texas 1 $63,652.10 0.03%
Utah 35 $2,761,543.14 1.42%
Virginia 80 $5,973,607.56 3.07%
Washington 8 $434,931.09 0.22%
West Virginia 2 $125,098.89 0.06%
Wisconsin 18 $1,274,925.04 0.66%
Wyoming 1 $89,052.33 0.05%
---------------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
===============================================================
5
<PAGE>
Priority of Mortgage Loans
- --------------------------------------------------------------------------------
Number of Cut-off Date Percentage of Cut-off Date
Priority Mortgage Loans Principal Balance Aggregate Principal Balance
- --------------------------------------------------------------------------------
First-priority 2,336 $179,952,154.72 92.56%
Second-priority 439 $14,471,564.95 7.44%
-----------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
===========================================================
Year of Origination
- --------------------------------------------------------------------------------
Year of Number of Cut-off Date Percentage of Cut-off Date
Origination Mortgage Loans Principal Balance Aggregate Principal Balance
================================================================================
1998 2,048 $141,695,876.89 72.88%
1997 722 $52,417,327.72 26.96%
1996 3 $150,740.46 0.08%
1995 1 $119,855.46 0.06%
1994 1 $39,919.14 0.02%
----------------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
================================================================
Months Remaining to Stated Maturity as of the Cut-off Date
- --------------------------------------------------------------------------------
Number of Months
Remaining to Number of Cut-off Date Percentage of Cut-off Date
Stated Maturity Mortgage Loans Principal Balance Aggregate Principal Balance
- --------------------------------------------------------------------------------
36 - 59 23 $460,599.85 0.24%
60 - 83 15 $341,388.77 0.18%
84 - 107 2 $38,748.28 0.02%
108 - 131 224 $8,480,006.37 4.36%
132 - 155 10 $543,169.28 0.28%
156 - 179 1,000 $66,838,648.41 34.38%
180 - 239 694 $49,010,524.75 25.21%
240 & Above 807 $68,710,633.96 35.34%
----------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
==========================================================
6
<PAGE>
Types of Mortgaged Properties (1)
- --------------------------------------------------------------------------------
Number of Cut-off Date Percentage of Cut-off Date
Property Type Mortgage Loans Principal Balance Aggregate Principal Balance
- --------------------------------------------------------------------------------
Single-family
detached(1) 2,471 $170,853,280.55 87.88%
Single-family
attached 130 $8,764,774.93 4.51%
2 - 4 family 128 $11,891,549.16 6.12%
Condo 46 $2,914,115.03 1.50%
-----------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
===========================================================
(1) Approximately 3.40% of the single-family detached units will
be manufactured homes.
Use of Mortgaged Properties (1)(2)
- --------------------------------------------------------------------------------
Number of Cut-off Date Percentage of Cut-off Date
Use Mortgage Loans Principal Balance Aggregate Principal Balance
- --------------------------------------------------------------------------------
Primary residence 2,697 $190,482,691.25 97.97%
Non-primary
residence(2) 78 $3,941,028.42 2.03%
-----------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
===========================================================
(1) Based on information supplied by the Mortgagor in the loan
application.
(2) The Company believes that the majority of the non-primary
residences are investment properties.
Second-Lien
Combined Loan-to-Value Ratio (1) (2)
(for Second-Lien Mortgage Loans)
- --------------------------------------------------------------------------------
Number of Cut-off
Range of Combined Mortgage Loans in Date Percentage of Cut-off Date
Loan-to- a Second- Principal Aggregate Principal Balance
Value Ratios Lien Position Balance in a Second-Lien Position
- --------------------------------------------------------------------------------
0 - 10.00 1 $26,000.00 0.18%
10.01 - 20.00 5 $130,590.51 0.90%
20.01 - 30.00 4 $115,485.82 0.80%
30.01 - 40.00 6 $189,418.43 1.31%
40.01 - 50.00 19 $723,049.26 5.00%
50.01 - 60.00 28 $936,939.10 6.47%
60.01 - 70.00 78 $2,439,610.37 16.86%
70.01 - 75.00 56 $1,947,512.81 13.46%
75.01 - 80.00 121 $4,050,939.26 27.99%
80.01 - 85.00 119 $3,829,735.13 26.46%
85.01 & Above 2 $82,284.26 0.57%
-----------------------------------------------------------
Total 439 $14,471,564.95 100.00%
===========================================================
(1) The "Second-Lien Combined Loan-to-Value Ratio" of a
second-lien Mortgage Loan is the ratio (expressed as a
percentage) that the sum of the original principal balance of
such Mortgage Loan and the then current principal balance of
the related first-lien mortgage loan, bears to the appraised
value of the related Mortgaged Property at the time such
Mortgage Loan was originated (or if the proceeds of such
Mortgage Loan were used to refinance an existing mortgage, the
appraised value based on a recent appraisal).
(2) The weighted average of the Second-Lien Combined Loan-to-Value
Ratio for second-lien Mortgage Loans is approximately 72.25%.
7
<PAGE>
Home Equity Loan-to-Value Ratio (1) (2)
- --------------------------------------------------------------------------------
Percentage of
Range of Home Equity Number of Cut-off Date Cut-off Date Aggregate
Loan-to-Value Ratios Mortgage Loans Principal Balance Principal Balance
- --------------------------------------------------------------------------------
0.00 - 10.00% 44 $808,750.24 0.42%
10.01 - 20.00 204 $5,864,838.15 3.02%
20.01 - 30.00 155 $5,595,603.93 2.88%
30.01 - 40.00 112 $4,997,345.27 2.57%
40.01 - 50.00 135 $7,127,198.29 3.67%
50.01 - 60.00 159 $8,956,970.44 4.61%
60.01 - 70.00 287 $19,014,095.63 9.78%
70.01 - 75.00 254 $20,923,874.90 10.76%
75.01 - 80.00 921 $77,024,908.75 39.62%
80.01 - 85.00 271 $23,732,503.38 12.21%
85.01 - 90.00 231 $20,146,627.09 10.36%
90.01 & Above 2 $231,003.60 0.12%
-----------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
===========================================================
(1) The "Home Equity Loan-to-Value Ratio" of a Mortgage Loan is
the ratio (expressed as a percentage) that the original
principal balance of such Mortgage Loan bears to the appraised
value (or, with respect to approximately 3.47% of the Mortgage
Loans, the lesser of (i) the appraised value or (ii) the
selling price) of the related Mortgaged Property at the time
such Mortgage Loan was originated (or if the proceeds of such
Mortgage Loan were used to refinance an existing mortgage, the
appraised value based on a recent appraisal).
(2) The weighted average of the Home Equity Loan-to-Value Ratios
for the Mortgage Loans is approximately 71.84%. The weighted
average of the Home Equity Loan-to-Value Ratios for the
first-lien Mortgage Loans and the second-lien Mortgage Loans
is approximately 75.61% and 24.89%, respectively.
8
<PAGE>
Home Equity Loan Ratio (1) (2)
(for second-lien Mortgage Loans)
- --------------------------------------------------------------------------------
Number of Cut-off
Mortgage Loans in Date Percentage of Cut-off Date
Range of Home a Second- Principal Aggregate Principal Balance
Equity Loan Ratios Lien Position Balance in a Second-Lien Position
- --------------------------------------------------------------------------------
0 - 10.00% 9 $189,518.32 1.31%
10.01 - 20.00 109 $2,483,242.66 17.16%
20.01 - 30.00 137 $3,982,021.61 27.52%
30.01 - 40.00 87 $3,430,171.44 23.70%
40.01 - 50.00 35 $1,750,726.01 12.10%
50.01 - 60.00 23 $1,116,147.14 7.71%
60.01 - 70.00 15 $595,666.20 4.12%
70.01 - 75.00 6 $205,480.54 1.42%
75.01 - 80.00 4 $165,883.66 1.15%
80.01 - 85.00 2 $73,662.47 0.51%
85.01 - 90.00 4 $139,994.12 0.97%
90.01 - 100.00 3 $188,379.13 1.30%
100.00 5 $150,671.65 1.04%
-----------------------------------------------------------
Total: 439 $14,471,564.95 100.00%
===========================================================
(1) The "Home Equity Loan Ratio" of a second-lien Mortgage Loan is
the ratio (expressed as a percentage) that the original
principal balance of such Mortgage Loan bears to the total of
the original principal balance of such Mortgage Loan plus the
outstanding amount of the related first-lien Mortgage Loan at
the time such Mortgage Loan was originated.
(2) The weighted average of the Home Equity Loan Ratios of the
second-lien Mortgage Loans is approximately 35.57%.
Loan Type
- --------------------------------------------------------------------------------
Number of Cut-off Date Percentage of Cut-off Date
Type Mortgage Loans Principal Balance Aggregate Principal Balance
- --------------------------------------------------------------------------------
Fully amortizing 2,315 $151,413,141.14 77.88%
Balloon 460 $43,010,578.53 22.12%
-----------------------------------------------------------
Total 2,775 $194,423,719.67 100.00%
===========================================================
Months Remaining to Stated Maturity as of the Cut-off Date
(for Balloon Loans)
- --------------------------------------------------------------------------------
Number of Months
Remaining to Stated Number of Percentage of Cut-off
Maturity as of Balloon Cut-off Date Date Aggregate Principal
Cut-off Date Mortgage Loans Principal Balance Balance of Balloon Loans
- --------------------------------------------------------------------------------
150 - 180 460 $43,010,578.53 100.00%
-----------------------------------------------------------
Total 460 $43,010,578.53 100.00%
===========================================================
9
<PAGE>
ITEM 7 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS
1.1 The Underwriting Agreement for the Series 1998-HE2
Certificates dated September 24, 1996, as modified and
supplemented by the related terms agreement dated June 23,
1998, between GE Capital Mortgage Services, Inc., and
Prudential Securities Incorporated.
4.1 The Pooling and Servicing Agreement for the Series 1998-HE2
Certificates dated as of June 1, 1998 between GE Capital
Mortgage Services, Inc., as seller and servicer, and The
First National Bank of Chicago, as trustee.
10
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto
duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
---------------
Name: Syed W. Ali
Title: Vice President
Dated as of June 26, 1998
11
<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 June 26, 1998
12
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -------------------------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -------------------------------------------------------------------------------
1.1 The Underwriting Agreement dated
September 24, 1996, as modified
and supplemented by the related
terms agreement dated June 23,
1998 between GE Capital Mortgage
Services, Inc., and Prudential
Securities Incorporated.
4.1 The Pooling and Servicing
Agreement for the Series 1998-HE2
Certificates dated as of June 1,
1998 between GE Capital Mortgage
Services, Inc., as seller and servicer,
and The First National Bank of
Chicago, as trustee.
- -------------------------------------------------------------------------------
13
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Prudential Securities Incorporated New York, New York
One New York Plaza September 24, 1996
New York, New York 10292
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 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 the trustee named therein (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 closed end, fixed rate,
first- or second-lien, home equity mortgage loans (the "Mortgage
Loans") having the original terms to maturity, interest rate
types and amortization characteristics specified in the related
Terms Agreement referred to hereinbelow. If specified in the
related Prospectus Supplement, the Certificates will have the
benefit of a Supplemental Agreement, dated as of the respective
Cut-off Date (the "Supplemental Agreement"), among the Company,
General Electric Capital Corporation ("GECC") and the Trustee. 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>
Underwritten offerings of Certificates may be made
through you or through an underwriting syndicate managed by you.
The Company proposes to sell one or more Series of the
Certificates to you and to each of the other several
underwriters, if any, participating in an underwriting syndicate
managed by you. It is understood, however, that the Company may
elect to retain, through the execution of one or more
underwriting agreements in addition to this Agreement, one or
more additional underwriters other than you to underwrite, or
manage the underwriting syndicate with respect to, any offering
of one or more Series of its Certificates.
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 and such other
underwriters, if any, selected by you as have authorized you to
enter into such Terms Agreement on their behalf (the underwriters
designated in any such Terms Agreement being referred to herein
as "Underwriters," which term shall include you whether acting
alone in the sale of any Offered Certificates of any series or as
a member of an underwriting syndicate). 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, and this Agreement and such Terms
Agreement shall inure to the benefit of and be binding upon each
underwriter participating in the offering of such Offered
Certificates. 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
Underwriters (the "Offered Certificates"), the principal balance
or balances of the Offered Certificates, each subject to any
stated variance, the names of the Underwriters participating in
such offering (subject to substitution as provided in Section 12
hereof) and the price or prices at which such Offered
Certificates are to be purchased by the Underwriters from the
Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriters, 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
- 2 -
<PAGE>
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 "Final
Prospectus". Any preliminary prospectus, including any
preliminary prospectus supplement which, as completed,
is proposed to be used in connection with the sale of
a Series of Offered Certificates and any prospectus
filed with the Commission pursuant to Rule 424(a) of
the Act is hereinafter referred to as a "Preliminary
Prospectus"; it being understood that the Company is
not obligated to prepare any such Preliminary
Prospectus without its consent. Any reference herein
to the terms "amend," "amendment" or "supplement" with
respect to the Registration Statement, the Preliminary
Prospectus, the Final 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 Preliminary Prospectus, the
Final 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
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Date (as defined in Section 3 below), the related
Registration Statement and the related Final
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 Final 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 Final 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 Final
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 Final Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriters 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 Final
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 Final Prospectus; 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
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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, if applicable,
the related Supplemental Agreement and, assuming the
due authorization, execution and delivery thereof by
the Trustee, and by GECC, in the case of the
Supplemental Agreement, such Pooling and Servicing
Agreement and such Supplemental Agreement (each on
such Closing Date) will each 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 each such
Pooling and Servicing Agreement or such Supplemental
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 each
Underwriter, severally and not jointly, and each Underwriter,
severally and not jointly, agrees to purchase from the Company,
the respective original principal amounts of the related Offered
Certificates set forth in the related Terms Agreement opposite
the name of such Underwriter, plus any additional original
principal amount of Offered Certificates which such Underwriter
may be obligated to purchase pursuant to Section 12 hereof, 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.
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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 Underwriters and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriters
against payment by the Underwriters 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 Underwriters may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriters 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 Underwriters. It is understood that
the Underwriters propose to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Final Prospectus.
5. Agreements. The Company agrees with the
Underwriters that:
(a) The Company will cause the each of the
Preliminary Prospectus and the Final 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 Underwriters when such
Preliminary Prospectus and such Final Prospectus as so
supplemented has been so filed, and prior to the
termination of the Certificate Offering to which such
Preliminary Prospectus and Final Prospectus relates also
will promptly advise the Underwriters (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
Preliminary Prospectus or such Final Prospectus has been
filed, (ii) of any request by the Commission for any
amendment of such Registration Statement, Preliminary
Prospectus or Final 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
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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
Preliminary Prospectus or Final 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 Underwriters 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 an
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 an
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 Underwriters 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
Underwriters prior to 10:30 a.m. In addition, if at any
time prior to the availability of the related Prospectus
Supplement, the Underwriters have delivered to any
prospective investor a subsequent Collateral Term Sheet
that reflects, in the reasonable judgment of the
Underwriters 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 Underwriters
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
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<PAGE>
Company by the Underwriters prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriters
when such Current Report has been so filed. Each such
Current Report shall be incorporated by reference in the
related Final Prospectus and the related Registration
Statement. Notwithstanding the five preceding sentences,
the Company shall have no obligation to file any materials
provided by the Underwriters pursuant to Sections 8 and 9
which, in the reasonable determination of the Company after
making reasonable efforts to consult with the Underwriters,
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 Final 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
Underwriters to the Company pursuant to Section 8 or
Section 9 hereof. The Company shall give notice to the
Underwriters of its determination not to file any materials
pursuant to clause (i) of the preceding sentence and agrees
to file such materials if the Underwriters reasonably
object to such determination within one business day after
receipt of such notice.
(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 Final 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 Final 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 Final Prospectus other than any amendments
or supplements of such Computational Materials or Structural
Term Sheets that are furnished to the Company by the Under-
writers pursuant to Section 8(e) hereof or any amendments
or supplements of such Collateral Term Sheets
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<PAGE>
that are furnished to the Company by the Underwriters
pursuant to Section 9(d) hereof which are required to be
filed in accordance therewith.
(d) The Company will furnish to the Underwriters
and counsel for the Underwriters, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriters or dealer may be required by
the Act, as many copies of the related Preliminary
Prospectus and the related Final Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriters may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriters to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriters 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
Underwriters 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, the related Preliminary Prospectus,
the related Final 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 Underwriters, insured to the satisfaction of the
Underwriters (it being understood that, except as provided
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<PAGE>
in this paragraph (g) and in Section 7 hereof, the
Underwriters will pay all their own costs and expenses,
including the fees of Brown & Wood LLP, counsel for the
Underwriters, transfer taxes on resale of any Offered
Certificates by them, advertising expenses connected with
any offers that they may make, the fees of KPMG Peat
Marwick LLP with respect to its letters furnished pursuant
to Section 6(l) of the Agreement and any letter furnished
pursuant to the last sentence of Section 6(k) hereof, the
fees of any firm of public accountants selected by the
Underwriters 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", 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 Underwriters.
The obligations of the Underwriters 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 Underwriters
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) each of the related Pooling and
Servicing Agreement and, if applicable, the related
Supplemental 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 telephonic 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 under the Act; 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 Final Prospectus (except the
financial statements and schedules and the other
financial and statistical data included therein, the
documents incorporated by reference therein and any
Underwriter-Provided Information (as defined herein)
as to which such counsel need express no view), as of
the date of the Prospectus Supplement, appeared on
their face to be appropriately responsive in all
material respects to the requirements of the Act and
the rules and regulations thereunder; and no
information has come to the attention of such counsel
that causes it to believe that (A) such Registration
Statement (except the financial statements and
schedules and the other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view) at the time it became effective,
contained an untrue statement of a material fact or
omitted to state a material fact required to be
stated therein or necessary to make the
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<PAGE>
statements therein not misleading or (B) such Final
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein
and the documents incorporated by reference therein
and any Underwriter-Provided Information, 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 Final 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 Final 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; and
(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
(other than assets excluded from a REMIC, as described
in the Final Prospectus) as one or more REMICs: the
related Trust Fund and any specified subgrouping
therein (other than any such excluded assets) will
qualify as one or more REMICs 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 a related REMIC within the meaning of
the Code, and each Class of such Certificates specified
in the related Final Prospectus as a Class of Residual
Certificates will constitute the "residual interest" in
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<PAGE>
a 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".
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,
the related Pooling and Servicing Agreement or the related
Supplement 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 Final 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 Final 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 Underwriters 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 Final
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing
Agreement, the related Supplemental 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;
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<PAGE>
(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, in the related
Pooling and Servicing Agreement or in the related
Supplemental 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, the related
Pooling and Servicing Agreement or the related
Supplemental Agreement, nor the fulfillment of the
terms of the related Certificates, the related Pooling
and Servicing Agreement, the related Supplemental
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, the related Supplemental 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, such Pooling and Servicing Agreement
or such Supplemental 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, such
Supplemental Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to matters
of fact, to the extent deemed proper and as stated therein,
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<PAGE>
on certificates of responsible officers of the Company or
public officials. In addition, such opinion may be
qualified as an opinion only on the laws of the State of
New Jersey.
(d) If applicable, counsel for GECC shall have
furnished to the Underwriters an opinion, dated the related
Closing Date, to the effect that:
(i) GECC has been duly incorporated and
is validly existing as a corporation in good standing
under the laws of the State of New York and in each
jurisdiction in which the conduct of its business
requires such qualification;
(ii) GECC has full corporate power and
authority to execute and deliver the Supplemental
Agreement and to carry out its terms, and the
execution, delivery and performance of the
Supplemental Agreement have been duly authorized by
GECC by all necessary corporate action;
(iii) The related Supplemental Agreement
has been duly executed and delivered by GECC and
constitutes a legal, valid and binding agreement of
GECC enforceable in accordance with its terms, except
as such enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws
affecting the enforcement of creditor's rights in
general and by general principles of equity,
regardless of whether such enforceability is
considered in a proceeding in equity or at law; and
(iv) The execution, delivery and
performance of the Supplemental Agreement by GECC does
not and will not conflict with or violate any term or
provision of the articles of incorporation or by-laws
of GECC or any statute, order or regulation applicable
to GECC of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
GECC 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
GECC is a party or by which it is bound.
In rendering such 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 GECC or
public officials.
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<PAGE>
(e) The Underwriters shall have received from
Brown & Wood LLP, counsel for the Underwriters, 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 Final Prospectus and such other related matters as
the Underwriters may reasonably require, and the Company
shall have furnished to such counsel such documents as the
Underwriters may reasonably request for the purpose of
enabling them to pass upon such matters.
(f) The Company shall have furnished to the
Underwriters 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 Final
Prospectus, the Detailed Description referred to in such
Final 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 Final 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 Final Prospectus includes any untrue
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<PAGE>
statement of a material fact or omits to state any
information which the Final Prospectus states will be
included in such Detailed Description.
(g) If applicable, GECC shall have furnished to
the Underwriters a certificate of GECC, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of GECC, dated the related Closing Date, to the
effect that the signers of such certificate have carefully
examined the information under the headings "Description of
the Certificates--Supplemental Agreement with GECC" and
"General Electric Capital Corporation" contained in the
related Final Prospectus and the related Supplemental
Agreement and that:
(i) nothing has come to their attention
that would lead them to believe that such information
in the related Final Prospectus 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, in the light
of the circumstances in which they were made, not
misleading; and
(ii) the representations and warranties of
GECC in the related Supplemental 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 GECC 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.
(h) Counsel for the Trustee shall have furnished
to the Underwriters 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 its jurisdiction of
organization 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 and, if
applicable, the related Supplemental Agreement;
(ii) each of the related Pooling and
Servicing Agreement and the related Supplemental
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
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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 state 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 and the
related Supplemental 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 and the
related Supplemental 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 state 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 Underwriters
such opinions as to the treatment of the Trust Fund for
purposes of state tax law where the Trustee maintains
possession of the assets of the Trust Fund as are
reasonably satisfactory to the Underwriters.
(i) If any Preliminary Prospectus has been
prepared with respect to a Series of Certificates, KPMG
Peat Marwick LLP shall have furnished to the Underwriters a
letter, dated as of the date of such Preliminary
Prospectus, in form and substance satisfactory to the
Underwriters, stating in effect that:
(i) they have performed certain specified
procedures as a result of which they have determined
that such information as the Underwriters may
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<PAGE>
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 Preliminary Prospectus under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the
Company, excluding any questions of legal
interpretation; and
(ii) they have performed certain specified
procedures as a result of which they have determined
that such information as the Underwriters 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 Preliminary Prospectus 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, 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.
(j) KPMG Peat Marwick LLP shall have furnished to
the Underwriters a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriters, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriters 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 Final Prospectus under the caption
"Delinquency and Foreclosure Experience of the Company"
agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(k) KPMG Peat Marwick LLP shall have furnished to
the Underwriters a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriters, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriters 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
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<PAGE>
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Final Prospectus 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 Final Prospectus 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 Underwriters 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 Final
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.
(l) KPMG Peat Marwick LLP shall have furnished to
the Underwriters and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriters 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 Final 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 Final
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 Final Prospectus, all of
which shall be described by reference in such letter,
they have verified the mathematical accuracy of any
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<PAGE>
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 Final
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 Final Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Final 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 Final
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.
(m) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(n) Prior to the related Closing Date, the
Company shall have furnished to the Underwriters such
further information, certificates and documents as the
Underwriters may reasonably request.
(o) 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.
(p) 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 or GECC which the
Underwriters conclude in their 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 Final
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
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<PAGE>
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 Underwriters and their
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriters 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 Underwriters.
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 each Underwriter and each
person who controls any 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, in the related Preliminary Prospectus or
the related Final Prospectus, or in any amendment thereof, or in
the Detailed Description referred to in such Final 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 each Underwriter, as set forth below, when
such are read in conjunction with the related Final 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 any Underwriter through you 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
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<PAGE>
information concerning the characteristics of the Mortgage Loans
furnished by the Company to any Underwriter in writing or by
electronic transmission that was used in the preparation of
either (x) any Computational Materials or ABS Term Sheets (or
amendments or supplements thereof) included in such Current
Report (or amendment or supplement thereof) or (y) any written or
electronic materials furnished to prospective investors on which
the Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Preliminary
Prospectus or any Corrected Statement (as defined below) in any
Final Prospectus (or supplement thereto) shall not inure to the
benefit of any Underwriter (or any person controlling any
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 the related Final Prospectus or a supplement to
such Final Prospectus, as the case may be, 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
Preliminary Prospectus or Final Prospectus (or supplement
thereto) was corrected (a "Corrected Statement") in such Final
Prospectus (with respect to any Preliminary Prospectus) or in
such other supplement (with respect to any Final Prospectus) and
such Final Prospectus or such supplement was furnished by the
Company to such 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 any
Underwriter (or any person controlling any 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 or ABS Term Sheets 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 such 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 such
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) Each Underwriter agrees, severally and not
jointly, 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 each Underwriter, but
only with reference to (A) written information furnished to the
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<PAGE>
Company by or on behalf of such Underwriter through you
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) delivered to prospective
investors by such Underwriter and furnished to the Company by
such Underwriter pursuant to Section 8 and incorporated by
reference in such Registration Statement, the related Preliminary
Prospectus or the related Final 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
each Underwriter may otherwise have. The Company acknowledges
that the Underwriter-Provided Information constitute the only
information furnished in writing by or on behalf of the
Underwriters for inclusion in the related Preliminary Prospectus
or Final Prospectus (other than any Computational Materials or
ABS Term Sheets (or amendments or supplements thereof)), and the
Underwriters confirm that such statements are correct.
"Underwriter-Provided Information" means any statements provided
to the Company by the Underwriters specifically for use in the
preparation of the related Preliminary Prospectus or Final
Prospectus and designated as such in the Terms Agreement for the
related Series. Any Computational Materials or ABS Term Sheets
(or amendments or supplements thereof) furnished to the Company
by a particular Underwriter shall relate exclusively to and be
the several responsibility of such Underwriter and no other
Underwriter.
(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 an indemnifying party under this Section 7, notify
such indemnifying party in writing of the commencement thereof;
but the omission so to notify such 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 or parties of the commencement
thereof, the indemnifying party or parties will be entitled to
participate therein, and to the extent that they may elect by
written notice delivered to an 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 an indemnified party and an
indemnifying party and such 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 an indemnifying party, such
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<PAGE>
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 an
indemnifying party or parties to such indemnified party of their
election so to assume the defense of such action and approval by
such indemnified party of counsel, such indemnifying party or
parties 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) such 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 or parties
shall not be liable for the expenses of more than one separate
counsel approved by the indemnified party or parties 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 or parties shall not have employed
counsel satisfactory to the indemnified party or parties to
represent such indemnified party or parties within a reasonable
time after notice of commencement of the action or (iii) the
indemnifying party or parties have authorized the employment of
counsel for an indemnified party at the expense of the
indemnifying parties; 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 any Underwriter, on grounds of policy or otherwise, or
if an 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 such 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 such
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 Underwriters are
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
Final Prospectus for the related Series and the total
proceeds received by the Underwriters from the sale of such
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<PAGE>
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriters be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriters 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 that delivered such materials to prospective
investors 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 such 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 any Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
such 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)
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<PAGE>
hereof, the Underwriters shall deliver to the Company five
complete copies of all materials provided by the Underwriters 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") and the filing of such material is a
condition of the relief granted in such letter (such materials
being the "Computational Materials"), and (ii) "Structural Term
Sheets" within the meaning of the no-action letter dated February
17, 1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter") and the filing of such material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) Each 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 by such Underwriter pursuant to Section 8(a)
constitute (either in original, aggregated or
consolidated form) all of the materials furnished to
prospective investors by such 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 by such Underwriter pursuant to Section 8(a)
constitute all of the materials furnished to
prospective investors by such 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;
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<PAGE>
(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 by such Underwriter 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 Final 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
(iv) all Computational Materials (or underlying
materials distributed to prospective investors on
which the Computational Materials were based)
delivered to prospective investors by such Underwriter
and all Structural Term Sheets delivered to
prospective investors by such Underwriter contained
and will contain a legend, prominently displayed on
the first page thereof, stating that the Computational
Materials or Structural Term Sheets are being produced
and provided exclusively by the Underwriter and that
the Underwriter is acting as an underwriter and not
acting as an agent of the Company in connection with
the securities described herein, and otherwise in form
and substance satisfactory to the Company.
Notwithstanding the foregoing, each 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
such Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriters shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriters deliver 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
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<PAGE>
by each Underwriter and set forth in such Computational
Materials.
(d) Each Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
any Series of Certificates furnished to prospective investors
from and after September 10, 1996 have been prepared and
disseminated by the Underwriters and not by or on behalf of the
Company, and that such materials included and shall include a
disclaimer in the form described in paragraph (b)(iv) above. Each
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 Final Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by any Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related Final
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Final 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, such 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. Each
Underwriter represents and warrants to the Company, as of the
date of delivery by it 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 Final 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, each such 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 such 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 (i)
the Company determines that such amendment or supplement contains
any untrue statement of a material fact or, when read in
conjunction with the related Final Prospectus and Prospectus
Supplement, omits to state a material fact required to be stated
- 29 -
<PAGE>
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 any Underwriter to the Company pursuant to this
paragraph (e) or (ii) the Company reasonably determined that such
filing is not required under the Act and the Underwriters do not
object as provided below. The Company shall give notice to the
Underwriters of its determination not to file an amendment or
supplement pursuant to clause (ii) of the preceding sentence and
agrees to file such amendment or supplement if the Underwriters
reasonably object to such determination within one business day
after receipt of such notice.
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 the Offered Certificates,
the Underwriters shall notify the Company and its counsel by
telephone of their 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 the Offered Certificates, the
Underwriters shall deliver to the Company five complete copies of
all materials provided by the Underwriters 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 making such delivery 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) Each 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 by such Underwriter pursuant to Section 9(a)
- 30 -
<PAGE>
constitute all of the materials furnished to prospective
investors by such 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 by such Underwriter
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 Final 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) such 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 such 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 9(c).
Notwithstanding the foregoing, each 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 such Underwriter from the Company
of notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) Each 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
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. Each Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
- 31 -
<PAGE>
(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 Final Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
any Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Final Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Final 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, such 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. Each
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 Final 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,
each such 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 such
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
Final 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 any 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
Underwriters, 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
- 32 -
<PAGE>
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 Underwriters, 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 Underwriters 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 Underwriters 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. Default by One or More of the Underwriters. If any
of the Underwriters shall fail on the Closing Date to purchase
the Offered Certificates which it is obligated to purchase
hereunder and under the applicable Terms Agreement (the
"Defaulted Certificates"), you shall have the right, within 24
hours thereafter, to make arrangements for one or more of the
non-defaulting Underwriters, or any other underwriters, to
purchase all, but not less than all, of the Defaulted
Certificates in such amounts as may be agreed upon and upon the
terms herein set forth and under the applicable Terms Agreement.
If, however, you have not completed such arrangements within such
24-hour period, then:
(a) if the aggregate original Certificate Principal
Balance of Defaulted Certificates does not exceed 10% of
the aggregate original Certificate Principal Balance of the
Offered Certificates to be purchased pursuant to such Terms
Agreement, the non-defaulting Underwriters named in such
Terms Agreement shall be obligated to purchase the full
amount thereof in the proportions that their respective
underwriting obligations thereunder bear to the
underwriting obligations of all non-defaulting
Underwriters; and
(b) if the aggregate original Certificate Principal
Balance of Defaulted Certificates exceeds 10% of the
aggregate original Certificate Principal Balance of the
Offered Certificates to be purchased pursuant to such Terms
Agreement, the applicable Terms Agreement shall terminate
without any liability on the part of any non-defaulting
Underwriter.
- 33 -
<PAGE>
No action taken pursuant to this Section 12 and nothing in
this Agreement shall relieve any defaulting Underwriter from
liability in respect of its default.
In the event of any such default which does not result in a
termination of this Agreement or such applicable Terms Agreement,
either you or the Company shall have the right to postpone the
Closing Date for a period of time not exceeding seven days in
order to effect any required changes in the Registration
Statement or in any other documents or arrangements.
13. 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 Underwriters
shall be deemed a successor or assign by reason of such purchase.
14. 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.
15. 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.
16. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriters, will be delivered to the Underwriters 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.
- 34 -
<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 Underwriters.
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.
PRUDENTIAL SECURITIES INCORPORATED
as Representative of the Underwriters
named in the applicable Terms Agreement
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 24, 1996
between the Company and the Underwriters)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Each of Prudential Securities Incorporated [and
] (each an "Underwriter" and collectively the
"Underwriters") agrees, severally and not jointly, subject to the
terms and provisions herein and of the captioned Underwriting
Agreement (the "Underwriting Agreement"), to purchase such
Classes of Series ____-__ Certificates specified opposite its
name 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 closed end,
fixed rate, first- or second-lien, home equity mortgage loans
(the "Mortgage Loans") having the characteristics described in
the Prospectus Supplement dated the date hereof.
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 [ ]%]:
A-1
<PAGE>
Principal Interest Class Purchase
Underwriter Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Final
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
Underwriters and the Company.
Very truly yours,
PRUDENTIAL SECURITIES INCORPORATED
By:_________________________________
Name:
Title:
[name of Underwriter]
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-HE2
TERMS AGREEMENT
(to Underwriting Agreement,
dated September 24, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus June 23, 1998
Cherry Hill, NJ 08002
Prudential Securities 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-HE2 Certificates specified
in Section 3 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-HE2 Certificates
are registered with the Securities and Exchange Commission by
means of an effective Registration Statement (No. 333-51151).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-HE2
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of closed end,
fixed rate, first- or second-lien, home equity mortgage loans
(the "Mortgage Loans") having the characteristics described in
the Final Prospectus.
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 a variance
described in the Final Prospectus:
<PAGE>
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- ------- ---- ----------------
Class A1 $59,500,000 6.3650% 99.765769%
Class A2 21,500,000 6.1050 99.772384
Class A3 27,600,000 6.1800 99.753600
Class A4 13,400,000 6.2750 99.747715
Class A5 15,100,000 6.3150 99.734644
Class A6 23,478,000 (1) 99.707077
Class A7 17,800,000 6.2150 99.733523
Class R1 500 0.0000 (2)
Class R2 500 0.0000 (2)
Class M 4,861,000 (1) 99.684388
Class B1 4,375,000 (1) 99.684450
Class B2 1,945,000 (1) 99.685773
- -------------------
(1) Interest will accrue on the Class A-6, Class M, Class B1 and
Class B2 Certificates during the initial Interest Accrual
Period at Certificate Interest Rates of 6.6450%, 6.6600%,
6.9050% and 7.4950% per annum, respectively, and during each
subsequent Interest Accrual Period at Certificate Interest
Rates equal to the lesser of (i) 6.6450%, 6.6600%, 6.9050%
and 7.4950% per annum, respectively, and (ii) the Weighted
Average Net Mortgage Rate of the Mortgage Loans as of the
first day of the related Interest Accrual Period.
(2) The aggregate Purchase Price of the Offered Certificates
will be reduced by an amount in respect of the transfer of
the Class R1 and Class R2 Certificates to Prudential, equal
to approximately $34,000.00.
(b) The Offered Certificates shall have such other
characteristics as described in the Final 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 applicable interest rate per annum of
each such Class from and including June 1, 1998, up to, but not
including, June 26, 1998 (the "Closing Date").
Section 4. Required Ratings: The Class A1, Class A2,
Class A3, Class A4, Class A5, Class A6, Class A7, Class R1 and
Class R2 Certificates shall have received Required Ratings of at
least "Aaa" from Moody's Investors Service ("Moody's") and "AAA"
from Fitch IBCA, Inc., and the Class M, Class B1 and Class B2
Certificates shall have received Required Ratings of at least
"Aa2", "A2", and "Baa2", respectively, by Moody's.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of the Trust Fund as a REMIC (other than
assets excluded from a REMIC as described in the Final
Prospectus).
Section 6: Underwriter-Provided Information: The
Company acknowledges that the information set forth in (i) the
second sentence of the paragraph immediately preceding the table
2
<PAGE>
on the cover page of the Final Prospectus, (ii) the last
paragraph on the cover page of the Final Prospectus, (iii) the
second and seventh paragraphs under the caption "Plan of
Distribution", as such information relates to the Offered
Certificates, constitute the only information furnished in
writing by or on behalf of the Underwriter for inclusion in such
Final Prospectus, and the Underwriter confirms that such
statements are correct.
* * * * *
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,
PRUDENTIAL SECURITIES INCORPORATED
By:_______________________________
Name:
Title:
The foregoing Agreement
is hereby confirmed and
accepted as of the date
hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
Execution
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
THE FIRST NATIONAL BANK OF CHICAGO,
Trustee
------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of June 1, 1998
------------------------------
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
- -----------------------------------------------------------------
<PAGE>
TABLE OF CONTENTS
-----------------
ARTICLE I
DEFINITIONS
Section 1.01 Definitions............................................ 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans...........................31
Section 2.02 Acceptance by Trustee..................................34
Section 2.03 Representations and Warranties
of the Company; Mortgage Loan Repurchase...............35
Section 2.04 Execution of Certificates..............................40
Section 2.05 The REMICs.............................................40
Section 2.06 Designations under the REMIC Provisions................42
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01 Company to Act as Servicer.............................43
Section 3.02.Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account......47
Section 3.03 [Omitted]..............................................50
Section 3.04 Permitted Debits to the Mortgage Loan Payment Record...50
Section 3.05 [Omitted]..............................................52
Section 3.06 Maintenance of Hazard Insurance........................52
Section 3.07 Assumption and Modification Agreements.................52
Section 3.08 Realization Upon Defaulted Mortgage Loans..............53
Section 3.09 Trustee to Cooperate; Release of Mortgage Files........56
Section 3.10 Servicing Compensation; Payment of Certain
Expenses by the Company................................56
Section 3.11 Reports to the Trustee; Certificate
Account Statements.....................................57
Section 3.12 Annual Statement as to Compliance......................57
Section 3.13 Annual Independent Public Accountants'
Servicing Report.......................................57
Section 3.14 Access to Certain Documentation and Information
Regarding the Mortgage Loans...........................58
Section 3.15 Maintenance of Certain Servicing Policies..............58
Section 3.16 Optional Purchase of Defaulted Mortgage Loans..........58
i
<PAGE>
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01 Distributions..........................................59
Section 4.02 Method of Distribution.................................62
Section 4.03 Allocation of Losses...................................63
Section 4.04 Monthly Advances; Purchases of Defaulted
Mortgage Loans.........................................65
Section 4.05 Statements to Certificateholders.......................66
Section 4.06 Servicer's Certificate.................................68
Section 4.07 Reports of Foreclosures and Abandonments
of Mortgaged Property..................................68
Section 4.08 Reduction of Servicing Compensation; Simple
Interest Shortfall Payments............................68
ARTICLE V
THE CERTIFICATES
Section 5.01 The Certificates.......................................69
Section 5.02 Registration of Transfer and Exchange of Certificates..71
Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates......77
Section 5.04 Persons Deemed Owners..................................77
Section 5.05 Access to List of Certificateholders'
Names and Addresses....................................77
Section 5.06 Representation of Certain Certificateholders...........78
ARTICLE VI
THE COMPANY
Section 6.01 Liability of the Company...............................78
Section 6.02 Merger or Consolidation of, or
Assumption of the Obligations of, the Company..........78
Section 6.03 Assignment.............................................78
Section 6.04 Limitation on Liability of the Company and Others......79
Section 6.05 The Company Not to Resign..............................79
ARTICLE VII
DEFAULT
Section 7.01 Events of Default......................................80
Section 7.02 Trustee to Act; Appointment of Successor...............81
Section 7.03 Notification to Certificateholders.....................82
ii
<PAGE>
ARTICLE VIII
THE TRUSTEE
Section 8.01 Duties of Trustee......................................82
Section 8.02 Certain Matters Affecting the Trustee..................84
Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans..85
Section 8.04 Trustee May Own Certificates...........................85
Section 8.05 The Company to Pay Trustee's Fees and Expenses.........85
Section 8.06 Eligibility Requirements for Trustee...................86
Section 8.07 Resignation or Removal of Trustee......................86
Section 8.08 Successor Trustee......................................87
Section 8.09 Merger or Consolidation of Trustee.....................87
Section 8.10 Appointment of Co-Trustee or Separate Trustee..........88
Section 8.11 Compliance with REMIC Provisions; Tax Returns..........89
ARTICLE IX
TERMINATION
Section 9.01 Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans..........89
Section 9.02 Additional Termination Requirements....................91
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01 Amendment.............................................91
Section 10.02 Recordation of Agreement..............................92
Section 10.03 Limitation on Rights of Certificateholders............93
Section 10.04 Governing Law.........................................94
Section 10.05 Notices...............................................94
Section 10.06 Notices to the Rating Agencies........................94
Section 10.07 Severability of Provisions............................94
Section 10.08 Certificates Nonassessable and Fully Paid.............94
iii
<PAGE>
Exhibits
--------
EXHIBIT A Forms of Certificates
EXHIBIT B [Omitted]
EXHIBIT C Mortgage 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 Streamlined Portfolio
Program Mortgage Loans Without Title Insurance
EXHIBIT N Schedule of Designated Loans
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of June
1, 1998, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and THE FIRST NATIONAL BANK OF CHICAGO, a national
banking association, 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 The First
National Bank of Chicago 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:
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates), interest accrued during the
related Interest Accrual Period at the applicable
Certificate Interest Rate on the Class Certificate Principal
Balance thereof immediately prior (or, in the case of the
Class S Certificates, on the aggregate Notional Principal
Balance thereof with respect) 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 Interest Losses
for such Distribution Date. Any Net Interest Shortfall and
Interest Losses shall be allocated among the 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.
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 Principal Distribution Amount, and
as to each Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class
immediately prior to such Distribution Date and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates immediately
prior to such Distribution Date.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Principal Distribution Amount, and as
to the Class M Certificates and each Class of Class B
Certificates for which the related
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Prepayment Distribution Trigger has been satisfied on such
Distribution Date, the fraction, expressed as a percentage,
the numerator of which is the Class Certificate Principal
Balance of such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of all such
Classes as to which the related Prepayment Distribution
Trigger has been satisfied. As to any Distribution Date and
each Class of Class B Certificates for which the related
Prepayment Distribution Trigger has not been satisfied on
such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest due
in such month in accordance with the terms of the related
Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to the
Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal Prepayments,
Insurance Proceeds and Liquidation Proceeds received
subsequent to the preceding Prepayment Period applicable to
such receipts, (ii) monthly payments of interest due on a
Self-Amortizing Mortgage Loan subsequent to the Due Date in
the Collection Period relating to such Distribution Date,
and (iii) any payments of principal, other than such
payments described in clause (i) above, received subsequent
to the immediately preceding Collection Period.
Anniversary Determination Date: The Determination Date
occurring in January of each year that the Certificates are
outstanding, commencing in January 1999.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any Non-Primary
Residence Loan remaining in the Mortgage Pool whose original
principal balance was 80% or greater of the Original Value
thereof, the excess of (i) the Monthly Payment thereof
calculated on the assumption that the Mortgage Rate thereon
was equal to the weighted average (by principal balance) of
the Net Mortgage Rates of all Outstanding Mortgage Loans
(the "Weighted Average Rate") as of such Anniversary
Determination Date over (ii) the Monthly Payment thereof
calculated on the assumption that the Net Mortgage Rate
thereon was equal to the Weighted Average Rate less 1.25%
per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to the
Mortgage Loan Payment Record pursuant to Section 3.02 as of
the preceding Determination Date, (ii) any Monthly Advance,
Compensating Interest Payment and Simple Interest Shortfall
Payment for such Distribution Date, (iii) the Purchase Price
of any Defective Mortgage Loans and Defaulted Mortgage Loans
deposited in the Certificate Account on the Business Day
preceding such Distribution Date (including any amounts
deposited in the Certificate Account in connection with any
substitution of a Mortgage Loan as specified in Section
2.03(b)), and (iv) the purchase price of any defaulted
Mortgage Loan purchased under an agreement entered into
pursuant to Section 3.08(e) as of the end of the preceding
Prepayment Period, less the
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sum of (x) the Amount Held for Future Distribution, (y)
the amount of any Unanticipated Recovery credited to the
Mortgage Loan Payment in respect of the Mortgage Pool
pursuant to clause (vi) of Section 3.02 and (z) amounts
permitted to be debited from the Mortgage Loan Payment
Record pursuant to clauses (i) through (vii) and (ix) of
Section 3.04. For purposes of calculating Available Funds on
any Distribution Date the Nonrecoverable Advance
Reimbursement for such date shall be allocated first in
reduction of amounts attributable to interest, and second in
reduction of amounts attributable to principal.
Available Interest Funds: As to each Distribution Date,
the portion of Available Funds attributable to interest.
Available Principal Funds: As to each Distribution
Date, the portion of Available Funds attributable to
principal.
Balloon Mortgage Loan: A Mortgage Loan which by its
terms provides for a principal payment at its stated
maturity (as specified in the Mortgage Loan Schedule) that
is substantially larger than the principal component of
monthly payments required to be made by the Mortgagor
pursuant to the terms of the related Mortgage Note on
earlier Due Dates.
Bankruptcy Coverage Termination Date: The Distribution
Date upon which the Bankruptcy Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $50,000, as reduced by
the aggregate amount of Deficient Valuations since the
Cut-off Date. As of any Determination Date after the first
Anniversary Determination Date, other than an Anniversary
Determination Date, the Bankruptcy Loss Amount shall equal
the Bankruptcy Loss Amount on the immediately preceding
Anniversary Determination Date as reduced by the aggregate
amount of Deficient Valuations since such preceding
Anniversary Determination Date. As of any Anniversary
Determination Date, the Bankruptcy Loss Amount shall equal
the lesser of (x) the Bankruptcy Loss Amount as of the
preceding Anniversary Determination Date as reduced by any
Deficient Valuations for the preceding Distribution Date,
and (y) the Fitch Formula Amount for such Anniversary
Determination Date.
The Bankruptcy Loss Amount may be further reduced by
the Company (including accelerating the manner in which such
coverage is reduced) provided that prior to any such
reduction, the Company shall obtain written confirmation
from each Rating Agency that such reduction shall not
adversely affect the then-current rating assigned to the
related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the
Trustee.
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BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class B3, Class B4, Class B5, Class R1, Class R2 and Class S
Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period and
the difference between the amount paid by the Mortgagor and
the amount specified in the Mortgage Note is paid from the
related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Interest Rate: With respect to any Class of
Certificates other than any Class of Principal Only
Certificates and the Class M, Class B and Class S
Certificates and any Distribution Date, the fixed per annum
rate specified in Section 5.01(b).
With respect to the Class S Certificates and any
Distribution Date, the Strip Rate for such Distribution
Date.
With respect to the Class B3, Class B4 and Class B5
Certificates and any Distribution Date, the Weighted Average
Net Mortgage Rate.
With respect to the Class A6, Class M, Class B1 and
Class B2 Certificates and the first Distribution Date,
6.6450%, 6.6600%, 6.9050% and 7.4950% per annum,
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respectively; and for each subsequent Distribution Date, the
lesser of (x) the Weighted Average Net Mortgage Rate for
such Distribution Date and (y) 6.6450%, 6.6600%, 6.9050% and
7.4950% per annum, respectively.
The Principal Only Certificates are issued without a
Certificate Interest Rate.
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 less the sum of (i) all amounts
distributed with respect to such Certificate in reduction of
the Certificate Principal Balance thereof on previous
Distribution Dates pursuant to Section 4.01, (ii) any
Realized Losses allocated to such Certificate on previous
Distribution Dates pursuant to Section 4.03(b) and (c), and
(iii) in the case of a Subordinate Certificate, such
Certificate's Percentage Interest of the Subordinate
Certificate Writedown Amount allocated to such Certificate
on previous Distribution Dates. The Notional Certificates
are issued without Certificate Principal Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name a
Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation or any Lower Tier Interest.
Class A7 Certificate Percentage: As to any Distribution
Date, the percentage (carried to six places rounded up)
obtained by dividing the Class Certificate Balance of the
Class A7 Certificates immediately preceding such
Distribution Date by an amount equal to the aggregate
Certificate Principal Balance of the Senior Certificates
immediately preceding such Distribution Date.
Class A7 Distribution Percentage: For any Distribution
Date occurring during the periods set forth below, as
follows:
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(i) for the Distribution Date occurring in July 1998
to and including the Distribution Date in June 2001, 0%;
(ii) for the Distribution Date occurring in July
2001 to and including the Distribution Date in June 2003, 45%;
(iii) for the Distribution Date occurring in July 2003
to and including the Distribution Date in June 2004, 80%;
(iv) for the Distribution Date occurring in July
2004 to and including the Distribution Date in June 2005, 100%;
and
(v) for the Distribution Date occurring in July
2005 and any Distribution Date thereafter, 300%.
Notwithstanding the foregoing, on any Distribution Date
following the Senior Transition Date, the Class A7
Distribution Percentage will be equal to 100%.
Class A7 Principal Distribution Amount: As to any
Distribution Date an amount equal to the lesser of (x) the
product of (a) the Senior Principal Distribution Amount for
such Distribution Date, (b) the Class A7 Distribution
Percentage for such Distribution Date and (c) the Class A7
Certificate Percentage for such Distribution Date and (y)
the Senior Principal Distribution Amount with respect to
such Distribution Date; provided, however, that with respect
to any Distribution Date on or after the Senior Transition
Date, the Class A7 Principal Distribution Amount will equal
the Senior Principal Distribution Amount (less, on the
Senior Transition Date, amounts applied in reduction of the
Certificate Principal Balance of the Class A1, Class A2,
Class A3, Class A4, Class A5 and Class A6 Certificates to
zero on such date).
Class B Certificate: Any Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate.
Class Certificate Principal Balance: As to any Class of
Certificates, other than any Class of Notional Certificates,
and 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 on such
Distribution Date is less than the Accrued Certificate
Interest thereon for such Distribution Date (including the
applicable Simple Interest Shortfall Percentage of any
Unpaid Net Simple Interest Shortfall).
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Closing Date: June 26, 1998.
Code: The Internal Revenue Code of 1986, as it may be
amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury temporary or
final regulations promulgated thereunder.
Collection Period: As to any Distribution Date, the
calendar month next preceding the month in which such
Distribution Date occurs.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if any
successor servicer is appointed as herein provided, then
such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date, an amount equal to the aggregate of the
Interest Shortfalls described in clauses (a) and (b) of the
definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the
lesser of (i) an amount equal to the product of (x) the
aggregate Principal Balance of the Mortgage Loans with
respect to such Distribution Date and (y) one-twelfth of
0.125%, and (ii) the aggregate of the Servicing Fees that
the Company would be entitled to retain on such Distribution
Date (less any portion thereof paid as servicing
compensation to any Primary Servicer) without giving effect
to any Compensating Interest Payment or Simple Interest
Shortfall Payment.
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
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 One First
National Plaza, Suite 0126, Chicago, Illinois 60670-0126,
Attention: Corporate Trust Services; except that for
purposes of Section 5.02, such term shall mean the office or
agency of the Trustee in the Borough of Manhattan, the City
of New York, which office at the date hereof is located at
14 Wall Street, Eighth Floor, New York, New York 10005.
Corresponding Class: With respect to any Class of Lower
Tier Interests, the Class or Classes of Certificates, and
with respect to any Class of Certificates, the Class or
Classes of Lower Tier Interests, appearing opposite such
Class of Lower Tier Interests or Certificates in the table
included in Section 2.05(a).
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
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<PAGE>
Cut-off Date: June 1, 1998.
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.
Deposit Date: As to any Distribution Date, the Business
Day next preceding such Distribution Date.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE & Co.
The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or any
successor provisions thereto.
Depository Participant: A broker, dealer, bank or other
financial institution or other Person for which, from time
to time, the Depository effects book-entry transfers and
pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related Mortgage
to the Trustee in recordable form (except for the omission
therein of recording information concerning such Mortgage).
Designated Loans: The Mortgage Loans identified on
Exhibit N hereto.
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Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code section
1381(a)(2)(C). The terms "United States," "State" and
"International Organization" shall have the meanings set
forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of the
United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates, or,
if such 25th day is not a Business Day, the next succeeding
Business Day.
Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: With respect to any Mortgage Loan, the date
during any Collection Period on which a Monthly Payment or
balloon payment is first due.
Early Installment: As to each Distribution Date and any
Self-Amortizing Mortgage Loan, any Monthly Payment due on
such Mortgage Loan subsequent to the Due Date in the
Collection Period relating to such Distribution Date and
both (x) received during such Collection Period and (y)
designated by the related Mortgagor as an advance Monthly
Payment.
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 Moody's 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
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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: Any Deficient Valuation or
portion thereof (i) occurring after the Bankruptcy Coverage
Termination Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof,
(i) occurring after the Fraud Coverage Termination Date or
(ii) if on such date, in excess of the then-applicable Fraud
Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud
Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss, or
portion thereof, (i) occurring after the Special Hazard
Termination Date or (ii) if on such date, in excess of the
then-applicable Special Hazard Loss Amount.
FDIC: The Federal Deposit Insurance Corporation, or its
successor in interest.
FEMA: The Federal Emergency Management Agency, or its
successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
Financial Intermediary: A broker, dealer, bank or other
financial institution or other Person that clears through or
maintains a custodial relationship with a Depository
Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii) the
product of (x) the greatest Assumed Monthly Payment
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Reduction for any Non-Primary Residence Loan whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to maturity
(expressed in months) of all the Non-Primary Residence Loans
remaining in the Mortgage Pool as of such Anniversary
Determination Date, and (z) the sum of (A) one plus (B) the
number of all remaining Non-Primary Residence Loans divided
by the total number of Outstanding Mortgage Loans as of such
Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: The Distribution Date
upon which the related Fraud Loss Amount has been reduced to
zero or a negative number (or the Cross-Over Date, if
earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $3,888,474 minus the
aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation
Limitation since the Cut-off Date, and (y) from the first
through the fourth anniversary of the Cut-off Date, an
amount equal to (1) the lesser of (a) the Fraud Loss Amount
as of the most recent anniversary of the Cut-off Date and
(b) 1.00% of the aggregate outstanding principal balance of
all of the Mortgage Loans as of the most recent anniversary
of the Cut-off Date minus (2) the Fraud Losses that would
have been allocated to the Junior Certificates in accordance
with Section 4.03 in the absence of the Loss Allocation
Limitation since the most recent anniversary of the Cut-off
Date. After the fourth anniversary of the Cut-off Date the
Fraud Loss Amount shall be zero.
GECC: General Electric Capital Corporation and its
successors in interest.
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.
Insurance Proceeds: Proceeds paid by any insurer
pursuant to any insurance policy covering a Mortgage Loan.
Insured Expenses: Expenses covered by any 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), the one-month
period ending on the last day of the month preceding the
month in which such Distribution Date occurs.
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Interest Losses: The interest portion of (i) on or
prior to the Cross-Over Date, any Excess Losses and (ii)
after the Cross-Over Date, any Realized Losses.
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) As to any Self-Amortizing Mortgage Loan as to
which a partial principal prepayment is received during
the related Collection Period, one month's interest at
the applicable Net Mortgage Rate on the amount of such
prepayment;
(b) As to any Self-Amortizing Mortgage Loan as to
which a principal prepayment in full is 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 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) As to any Self-Amortizing Mortgage Loan as to
which a principal prepayment in full is received by the
Company (or of which the Company receives notice, in the
case of a Mortgage Loan serviced by a Primary Servicer) on
or after the first day but on or before the fifteenth day of
the month of such Distribution Date, none; and
(d) Relief Act Mortgage Loans: As to any
Self-Amortizing Mortgage Loan that becomes a 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 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 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. As to any Simple
Interest Mortgage Loan that becomes a Relief Act
Mortgage Loan, the excess of (i) the amount of any
payment that would have been allocated to interest on
the basis of the related Net Mortgage Rate over (ii)
the amount of such payment allocated to interest on
the basis of the Net Mortgage Rate required to be paid
by the Mortgagor as limited by the application of the
Relief Act, in each case calculated in accordance with
the Simple Interest Method.
Junior Certificate: Any Class M or Class B Certificate.
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Junior Percentage: As to any Distribution Date, the excess
of 100% over the Senior Percentage for such Distribution Date.
Junior Prepayment Percentage: As to any Distribution Date,
the excess of 100% over the Senior Prepayment Percentage for such
Distribution Date, except that (i) after the aggregate Certificate
Principal Balance of the Senior Certificates has been reduced to zero,
the Junior Prepayment Percentage shall be 100%, and (ii) after the
Cross-Over Date, the Junior Prepayment Percentage shall be zero.
Junior Principal Distribution Amount: As to any Distribution
Date, an amount equal to the sum of the following (but in no event
greater than the aggregate Certificate Principal Balance of the Junior
Certificates immediately prior to such Distribution Date):
(i) the Junior Percentage of all payments of principal
received on the Mortgage Loans during the related
Collection Period, other than payments of
principal described in clauses (ii) through (v)
below;
(ii) the Junior Prepayment Percentage of all principal
prepayments in part (other than the principal
portion of Early Installments) received with
respect to Self-Amortizing Mortgage Loans during
the related Prepayment Period, together with the
Junior Prepayment Percentage of the Principal
Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the Junior Prepayment Percentage of the sum of
(A) all Net Liquidation Proceeds allocable to
principal received during the related Prepayment
Period (other than in respect of Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Mortgage Loan that was purchased
by an insurer from the Trustee during the related
Prepayment Period pursuant to any related
insurance policy;
(iv) the Junior Prepayment Percentage of the Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage of the
Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date,
minus the product of the Junior Percentage for such
Distribution Date and the amount, if any, by which the
Available Funds for such Distribution Date has been reduced
pursuant to clause second of the last sentence of the
definition of Available Funds.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage Loan
serviced by a Primary Servicer shall be deemed to have been
received when the Company, as servicer, receives notice
thereof.
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Latest Possible Maturity Date: May 25, 2030.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan as
to which the Company has determined that all amounts which it
expects to recover 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,
such expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any unreimbursed
amount expended by the Company pursuant to Section 3.06
respecting the related Mortgage Loan and any related and
unreimbursed Property Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of any
defaulted Mortgage Loan whether through judicial foreclosure
or otherwise.
Loan Conditions: In order to be a Permitted Senior Lien
as referred to in Section 3.01, any refinancing of an existing
first mortgage loan ("Refinanced Loan") must satisfy the following:
(i) the Second Lien Combined Loan-to-Value Ratio
of the Principal Balance of the Refinanced Loan and
the principal balance of the related Mortgage Loan at
the time of origination of the Refinanced Loan may be
no higher than the Second Lien Combined Loan-to-Value
Ratio of the Principal Balance of the first lien
mortgage loan in place as of the Cut-off Date and the
Principal Balance of the Mortgage Loan as of the
Cut-off Date; and the Principal Balance of the
Refinanced Loan at the time of origination thereof may
be no higher than the Principal Balance of the first
lien mortgage loan in place as of the Cut-off Date;
(ii) the Mortgagor's principal and interest
payment obligation under the Refinanced Loan does not
result in a higher debt-to-income ratio than such ratio
at the time of origination of such Mortgagor's Mortgage
Loan;
(iii) the documentation evidencing the Company's
agreement to the placing of the Permitted Senior Lien
must be acceptable in form and substance to the
servicer; and
(iv) any Refinanced Loan (other than a
Refinanced Loan that matures after the maturity
date of the related Mortgage Loan) may not by its
terms provide for a principal payment at maturity
that is substantially larger (a balloon payment)
than the amount of each monthly installment of
principal due on other Due Dates.
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For purposes of determining the Second Lien Combined
Loan-to-Value ratio referred to in (i), the appraisal
obtained in connection with the origination of the Mortgage
Loan will be used unless the age of such appraisal is more
than six months, in which case a new appraisal must be
obtained.
Loss Allocation Limitation: As defined in Section 4.03(g).
Lower Tier Balance: As to each Class of Lower Tier
Interests and any Distribution Date, the initial Lower Tier
Balance thereof set forth or specified in Section 2.05(a)
less the sum of (i) the aggregate amount of principal
allocable thereto on previous Distribution Dates pursuant to
Section 2.05(c) and (ii) any Realized Losses or Subordinate
Certificate Writedown Amount allocated thereto on previous
Distribution Dates.
Lower Tier Interest: Any one of the Classes of regular
interests in the Lower Tier REMIC described as such in Section 2.05(a).
Lower Tier Interest Rate: As to each Lower Tier Interest, the
applicable "Lower Tier Interest Rate," if any, set forth in Section
2.05(a) hereof.
Lower Tier REMIC: One of the two separate REMICs comprising
the Trust Fund, the assets of which consist of the assets and rights
specified in clauses (i) through (ix) of the definition of the term
Trust Fund.
Monthly Advance: With respect to any Distribution
Date, the aggregate of the advances required to be made by
the Company pursuant to Section 4.04(a) (or by the Trustee
pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the
aggregate of the amount of interest due on each Mortgage
Loan on the related Due Date (without giving effect to any
change in Due Date made at the option of the related
Mortgagor) occurring in the preceding Collection Period,
net of the related Servicing Fee, to the extent that all or
a portion of the scheduled payment due in such Collection
Period was not received by the end of such Collection
Period (or, in the case of an REO Mortgage Loan, the amount
of interest that would have been due on the related Due
Date for such Mortgage Loan had it remained outstanding,
net of any related REO Proceeds received during such
Collection Period), 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.
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Mortgage: The mortgage or deed of trust creating a
first or second lien on a fee simple interest in real
property securing a Mortgage Note.
Mortgage File: The mortgage documents listed in Section
2.01 pertaining to a particular Mortgage Loan and any
additional documents required to be added to such documents
pursuant to this Agreement.
Mortgage Loan Payment Record: The record maintained by
the Company pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included in
the Trust Fund. The initial schedule of Mortgage Loans as of
the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund by
the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist of
a Confirmatory Mortgage Note) evidencing the indebtedness of
a Mortgagor under such Mortgage Loan.
Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The property securing the Mortgage
Note.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls for such Distribution Date over any
Compensating Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated Mortgage
Loan, the sum of (i) any Liquidation Proceeds therefor less
the related Liquidation Expenses, and (ii) any Insurance
Proceeds therefor, other than any such Insurance Proceeds
applied to the restoration of the related Mortgaged
Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Servicing Fee
Rate.
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Net Simple Interest Excess: As to any Distribution
Date, (a) the excess, if any, of the aggregate amount of
interest received on the Simple Interest Mortgage Loans
during the related Collection Period, calculated in
accordance with the Simple Interest Method, net of the
related Servicing Fees, over (b) one month's interest at the
weighted average (by Principal Balance) of the Net Mortgage
Rates of the Simple Interest Mortgage Loans as of the first
day of the related Interest Accrual Period, on the aggregate
Principal Balance of such Simple Interest Mortgage Loans for
such Distribution Date, carried to six decimal places,
rounded down, and calculated on the basis of a 360-day year
consisting of twelve 30-day months. For purposes of the
foregoing, the amount of interest received in respect of the
Simple Interest Mortgage Loans in any Collection Period
shall be deemed (a) to include any Monthly Advances made by
the Company for such Collection Period in respect of such
Simple Interest Mortgage Loans, and (b) to be reduced by any
reimbursements of Monthly Advances previously made by the
Company in respect of such Simple Interest Mortgage Loans
(or any related REO Mortgage Loans or Liquidated Mortgage
Loans) for such Collection Period pursuant to Section
3.04(v) or (vii).
Net Simple Interest Shortfall: As to any Distribution
Date, the excess, if any, of (a) one month's interest at the
weighted average (by Principal Balance) of the Net Mortgage
Rates of the Simple Interest Mortgage Loans as of the first
day of the related Interest Accrual Period, on the aggregate
Principal Balance of such Simple Interest Mortgage Loans for
such Distribution Date, carried to six decimal places,
rounded down, and calculated on the basis of a 360-day year
consisting of twelve 30-da months, over (b) the aggregate
amount of interest received on the Simple Interest Mortgage
Loans during the related Collection Period, calculated in
accordance with the Simple Interest Method, net of the
related Servicing Fees. For purposes of the foregoing, the
amount of interest received in respect of the Simple
Interest Mortgage Loans in any Collection Period shall be
deemed (a) to include any Monthly Advances made by the
Company for such Collection Period in respect of such Simple
Interest Mortgage Loans, and (b) to be reduced by any
reimbursements of Monthly Advances previously made by the
Company in respect of such Simple Interest Mortgage Loans
(or any related REO Mortgage Loans or Liquidated Mortgage
Loans) for such Collection Period pursuant to Section
3.04(v) or (vii).
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-permitted Foreign Holder: As defined in Section
5.02(b).
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
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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.
Nonrecoverable Advance Reimbursement: As to each
Distribution Date, the amount, if any, by which the Mortgage
Loan Payment Record has been debited pursuant to clause
(vii) of Section 3.04 after the second preceding
Determination Date and on or prior to the immediately
preceding Determination Date.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class S Certificate.
Notional Principal Balance: As to any Distribution Date
and the Class S Certificates, the aggregate Principal
Balance of the Outstanding Mortgage Loans as of the end of
the calendar month immediately preceding the related
Collection Period, as reduced by the amount of any Voluntary
Principal Prepayment in full received on or prior to the
fifteenth day of such Collection Period. As to any
Distribution Date and any Class S Certificate, such
Certificate's Percentage Interest of the aggregate Notional
Principal Balance of the Class S Certificates for such
Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth in
the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any date of
determination, a Mortgage Loan which, prior to such 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).
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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;
(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;
(v) money market or common trust funds rated by
each Rating Agency in its highest short-term rating
category; and
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(vi) 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.
Permitted Senior Lien: As defined in Section 3.01.
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.
Pool Principal Balance: With respect to any
Distribution Date, the aggregate Principal Balance of all
the Mortgage Loans that were Outstanding Mortgage Loans as
of the related Collection Period (or, in the case of the
first Distribution Date, the Cut-off Date; or, if so
specified, such other date).
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 2.00% per annum in the first month, and increase by an
additional 2.00% per annum in each month thereafter until
the tenth month. At such time, the rate remains constant at
20% per annum each month for the balance of the remaining
term.
Prepayment Distribution Trigger: As of any Distribution
Date and as to each Class of Class B Certificates, the
related Prepayment Distribution Trigger is satisfied if (x)
the fraction, expressed as a percentage, the numerator of
which is the aggregate Class Certificate Principal Balance
of such Class and each Class subordinate thereto, if any, on
such Distribution Date, and the denominator of which is the
Pool Principal Balance for such Distribution Date, equals or
exceeds (y) such percentage calculated as of the Closing
Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs) on any
Self-Amortizing Mortgage Loan, 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 Self-Amortizing Mortgage Loan serviced
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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.
Prepayment Premium: As to any Mortgage Loan in respect
of which a Principal Prepayment is received, any premium
paid by the related Mortgagor in connection with such
Principal Prepayment.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(e).
Principal Balance: As to any Self-Amortizing Mortgage
Loan and Distribution Date, the unpaid principal balance of
such Mortgage Loan as specified in the amortization schedule
at the time relating thereto as of the month preceding the
month of such Distribution Date (or, in the case of the
first Distribution Date, as of the Cut-off Date), before
giving effect to any scheduled payments of principal due
during such month and after giving effect to any principal
prepayments in part received prior to such month and any
principal prepayments in full received through and including
the 15th day of such month. As to any Simple Interest
Mortgage Loan and Distribution Date, the unpaid principal
balance thereof as of the calendar month preceding the month
of such Distribution Date, before giving effect to any
regularly scheduled payment due during such month and after
giving effect to any principal prepayments in part received
prior to such month and any principal prepayments in full
received through and including the 15th day of such month.
As to any Mortgage Loan and the Cut-off Date, the "unpaid
balance" thereof specified in the initial Mortgage Loan
Schedule.
Principal Only Certificate: Any Class R1 or Class R2
Certificate.
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), but
not including any Early Installment) 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.
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Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates
dated June 23, 1998.
Prohibited Transaction Exemption: The U.S. Department
of Labor Prohibited Transaction Exemption 90-32 (55 Fed.
Reg. 23147, June 6, 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
(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 any primary
mortgage insurance policy, if any, or any other insurance
policy with respect thereto, and (c) any amount required to
satisfy or keep current a mortgage loan not included in the
Trust Fund secured by a lien that is prior to the lien
securing a Mortgage Loan.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the Company
is the servicer hereunder, such purchase price shall be net
of unreimbursed Monthly Advances with respect to such
Mortgage Loan and the interest component of the Purchase
Price may be computed on the basis of the Net Mortgage 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 Moody's; except that for
purposes of the Class M, Class B1, Class B2, Class B3 and
Class B4 Certificates, Moody's shall be the sole Rating
Agency.
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 Net Liquidation Proceeds.
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Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Relief Act: The Soldiers' and Sailors' Civil Relief Act
of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to which
the Monthly Payment thereof has been reduced due to the
application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Department of the Treasury temporary or
final regulations promulgated thereunder, as the foregoing
may be in effect from time to time, as well as provisions of
applicable state laws.
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).
Residual Certificate: Any Class R1 or Class R2
Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Office 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 S Certificate.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Second Lien Combined Loan-to-Value Ratio: As to any
Second Mortgage Loan, the ratio, expressed as a percentage,
that the sum of the original principal balance of such
Second Mortgage Loan and the then current principal balance
of the related first priority mortgage bears to the
appraised value of the related Mortgaged Property at the
time such Second Mortgage Loan was originated (or if the
proceeds of such Second Mortgage Loan are used to refinance
an existing mortgage loan, an appraisal that is less than
six months old).
Second Mortgage Loan: Any Mortgage Loan secured by a
second lien on the related Mortgage Property.
Self-Amortizing Mortgage Loan: Any Mortgage Loan other
than a Simple Interest Mortgage Loan.
Senior Certificate: Any Class A1, Class A2, Class A3,
Class A4, Class A5, Class A6, Class A7, Class R1 or Class R2
Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior Certificates.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six
places rounded up) obtained by dividing the Senior
Certificate Principal Balance immediately prior to such
Distribution Date by an amount equal to the sum of the
Certificate Principal Balances of all the Certificates
immediately prior to such Distribution Date.
Senior Prepayment Percentage: For any Distribution Date
occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date occurring
on or after the fifth anniversary of the first Distribution
Date, an amount as follows:
(i) for any Distribution Date subsequent to June 2003
to and including the Distribution Date in June
2004, the Senior Percentage for such Distribution
Date plus 70% of the Junior Percentage for such
Distribution Date;
(ii) for any Distribution Date subsequent to June 2004
to and including the Distribution Date in June
2005, the Senior Percentage for such Distribution
Date plus 60% of the Junior Percentage for such
Distribution Date;
(iii) for any Distribution Date subsequent to June 2005
to and including the Distribution Date in June
2006, the Senior Percentage for such Distribution
Date plus 40% of the Junior Percentage for such
Distribution Date;
(iv) for any Distribution Date subsequent to June 2006
to and including the Distribution Date in June
2007, the Senior Percentage for such Distribution
Date plus 20% of the Junior Percentage for such
Distribution Date; and
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(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, no reduction of the Senior
Prepayment Percentage below the level in effect for the
most recent prior period as set forth in clauses (i)
through (iv) above shall be effective on any Distribution
Date unless if, as of the last day of the month preceding
such Distribution Date, (i) the aggregate Principal Balance
of Mortgage Loans delinquent 60 days or more (including for
this purpose any Mortgage Loans in foreclosure and REO
Mortgage Loans) as a percentage of the aggregate Class
Certificate Principal Balance of the Junior Certificates as
of such date, does not exceed 50%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans do not
exceed (a) 30% of the aggregate Class Certificate Principal
Balance of the Junior Certificates as of the Closing Date
(the "Original Subordinate Principal Balance") if such
Distribution Date occurs between and including July 2003
and June 2004, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs between
and including July 2004 and June 2005, (c) 40% of the
Original Subordinate Principal Balance if such Distribution
Date occurs between and including July 2005 and June 2006,
(d) 45% of the Original Subordinate Principal Balance if
such Distribution Date occurs between and including July
2006 and June 2007 and (e) 50% of the Original Subordinate
Principal Balance if such Distribution Date occurs during
or after July 2007.
Senior Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of all payments of principal
received on the Mortgage Loans during the related
Collection Period, other than payments of
principal described in clauses (ii) through (v);
(ii) the Senior Prepayment Percentage of all principal
prepayments in part (other than Early
Installments) received with respect to
Self-Amortizing Mortgage Loans during the related
Prepayment Period, together with the Senior
Prepayment Percentage of the Principal Balance of
each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the
related Prepayment Period;
(iii) the Senior Prepayment Percentage of the sum of
(A) all Net Liquidation Proceeds allocable to
principal received in respect of each such
Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) and (B) the
principal balance of each such Mortgage Loan
purchased by an insurer from the Trustee pursuant
to any related insurance policy, in each case
during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
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(v) the Senior Prepayment Percentage of the
Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date,
minus the product of the Senior Percentage for such
Distribution Date and the amount, if any, by which
Available Funds for such Distribution Date has been
reduced pursuant to clause second of the last sentence
of the definition of Available Funds.
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 Transition Date: The Distribution Date on which
the Class Certificate Balance of each Class of Senior
Certificates (other than the Class A7 Certificates) is
reduced to zero.
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, an amount equal to the product of (i) the Principal
Balance of such Mortgage Loan for the related Distribution
Date and (ii) the Servicing Fee Rate for such Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, 0.50% per
annum.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of servicing
officers attached to an Officer's Certificate furnished to
the Trustee by the Company, as such list may from time to
time be amended.
Simple Interest Excess Amount: As to any Distribution
Date, an amount (not less than zero) equal to the aggregate
of any Net Simple Interest Excess paid to the Company for
prior Distribution Dates, less the aggregate of any Simple
Interest Shortfall Payments made by the Company for prior
Distribution Dates.
Simple Interest Method: The method of allocating a
payment to principal and interest, pursuant to which the
portion of such payment that is allocated to interest is
equal to the product of the fixed rate of interest
multiplied by the unpaid principal balance multiplied by the
period of time elapsed since the preceding payment of
interest was made and divided by either 360 or 365, as
specified in the related Mortgage Note, and the remainder of
such payment is allocated to principal.
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Simple Interest Mortgage Loan: Any Mortgage Loan under
which the portion of a payment allocable to interest and the
portion of such payment allocable to principal is determined
in accordance with the Simple Interest Method.
Simple Interest Shortfall Payment: With respect to any
Distribution Date, an amount equal to any Net Simple
Interest Shortfall for such Distribution Date; provided,
however, that such amount shall not exceed the sum of (i)
the Simple Interest Excess Amount for such Distribution Date
and (ii) the aggregate of the Servicing Fees that the
Company would be entitled to retain on such Distribution
Date with respect to the Mortgage Loans (less any portion
thereof paid as servicing compensation to any Primary
Servicer) without giving effect to any Simple Interest
Shortfall Payment, but after giving effect to any
Compensating Interest Payment.
Simple Interest Shortfall Percentage: As to each Class
of Certificates and any Distribution Date, the fraction,
expressed as a percentage carried to six decimal places, the
numerator of which is the amount of Accrued Certificate
Interest for such Class for such Distribution Date and the
denominator of which is the aggregate amount of Accrued
Certificate Interest for all Classes of Certificates for
such Distribution Date.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or Notional Principal
Balance, of $1,000, or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or 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 $1,944,237 minus the sum of (i)
the aggregate amount of Special Hazard Losses that
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would have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the Adjustment Amount (as
defined below) as most recently calculated. On each
anniversary of the Cut-off Date, the "Adjustment Amount"
shall be equal to the amount, if any, by which the amount
calculated in accordance with the preceding sentence
(without giving effect to the deduction of the Adjustment
Amount for such anniversary) exceeds the lesser of (x) the
greater of (A) the product of the Special Hazard Percentage
for such anniversary multiplied by the outstanding principal
balance of all the Mortgage Loans on the Distribution Date
immediately preceding such anniversary and (B) twice the
outstanding principal balance of the Mortgage Loan which has
the largest outstanding principal balance on the
Distribution Date immediately preceding such anniversary,
and (y) an amount calculated by the Company and approved by
each Rating Agency, which amount shall not be less than
$500,000.
Special Hazard Percentage: As of each anniversary of
the Cut-off Date, the greater of (i) 1.00% and (ii) the
largest percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans secured
by Mortgaged Properties located in a single, five-digit zip
code area in the State of California by (y) the outstanding
principal balance of all the Mortgage Loans as of the
immediately preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date
upon which the Special Hazard Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Startup Day: As defined in Section 2.06(c).
Strip Rate: With respect to the Class S Certificates
and any Distribution Date, a variable rate per annum equal
to the excess of (x) the Weighted Average Net Mortgage Rate
over (y) the weighted average (by Certificate Principal
Balance) of the Certificate Interest Rates of the
Certificates (other than the Class S Certificates) for such
Distribution Date.
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been reduced
to zero; second, the Class B4 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; third, the Class B3 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; fourth, the Class B2 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; fifth, the Class B1 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; and sixth, the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, the amount by which (i) the sum of the
Class Certificate Principal Balances of all the
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Certificates (after giving effect to the distribution of
principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the
related Certificates on such Distribution Date) exceeds (ii)
the Pool Principal Balance on the first day of the month of
such Distribution Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Principal Balance of the Mortgage Loan that is
substituted for, over (y) the Principal Balance of the
related substitute Mortgage Loan, each balance being
determined as of the date of substitution.
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 its successors in
interest, or if GECC 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 GECC is downgraded or withdrawn by Fitch or
Moody's below their two highest rating categories or such
rating is withdrawn, (iii) if GECC is no longer obligated
pursuant to the terms of the support agreement, dated as of
October 1, 1990, between GECC 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;
(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 hazard insurance policies required by
Section 3.06 in respect of the Mortgage Loans;
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(vii) the Certificate Account established pursuant
to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e); and
(ix) any collateral funds established to secure
the obligations of the Holder of the Class B4 and Class
B5 Certificates, respectively, under any agreements
entered into between such holder and the Company
pursuant to Section 3.08(e).
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(f)
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
pursuant to Section 4.01(a)(ii), in the case of the Senior
Certificates (other than any Class of Principal Only
Certificates), and the Class S Certificates, Section
4.01(a)(iv), in the case of the Class M Certificates,
Section 4.01(a)(vi), in the case of the Class B1
Certificates, Section 4.01(a)(viii), in the case of the
Class B2 Certificates, Section 4.01(a)(x), in the case of
the Class B3 Certificates, Section 4.01(a)(xii), in the
case of the Class B4 Certificates, and Section
4.01(a)(xiv), in the case of the Class B5 Certificates.
Unpaid Net Simple Interest Shortfall: As to any
Distribution Date, the excess, if any, of the Net Simple
Interest Shortfall for such Distribution Date over the
Simple Interest Shortfall Payment for such Distribution
Date.
Upper Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment in full of principal
received from the related Mortgagor on any Mortgage Loan,
and any Principal Prepayment in part received from the
related Mortgagor on a Self-Amortizing Mortgage Loan.
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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, 6% of all Voting
Rights shall be allocated to the Certificates other than the
Class S Certificates and 94% of all Voting Rights shall be
allocated to the Class S Certificates. Voting Rights
allocated to the Class S Certificates shall be allocated
among the Certificates of such Class in proportion to their
Notional Principal Balances. Voting Rights allocated to the
other Classes of Certificates shall be allocated among such
Classes (and among the Certificates within each such Class)
in proportion to their Class Certificate Principal Balances
(or Certificate Principal Balances), as the case may be.
Weighted Average Net Mortgage Rate: As to any
Distribution Date, a variable rate per annum equal to the
weighted average (by Principal Balance) carried to six
decimal places, rounded down, of the Net Mortgage Rates of
the Outstanding Mortgage Loans as of the first day of the
related Collection Period (or the Cut-off Date, in the case
of the first Distribution Date); provided, however, that
such calculation shall not include any Mortgage Loan that
was the subject of a Voluntary Principal Prepayment in full
received by the Company (or of which the Company received
notice, in the case of a Mortgage Loan serviced by a Primary
Servicer) on or after the first day but on or before the
15th day of the month that constitutes such Collection
Period.
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
on and after the Cut-off Date.
(b) In connection with such transfer and assignment,
the Company does hereby deliver to the Trustee the following
documents or instruments with respect to:
1. Each Mortgage Loan (other than any 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
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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.
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.
2. 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;
(ii) other than as to any Mortgage Loan identified
on Exhibit M hereto, a copy of the title insurance
policy; and
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded
intervening assignment or assignments of Mortgage,
showing a complete chain of assignment from the
originator to the Company.
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) other than as to any Mortgage Loan identified on Exhibit M
hereto, title insurance binders with respect to the Mortgage
Loans. (The copies of the Mortgage, intervening assignments of
Mortgage, if any, and title insurance binder, if any, described
in the preceding sentence 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
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notice or knowledge of a Trigger Event. In
addition, when the Company or the Trustee obtains actual notice
or knowledge of a Trigger Event it shall deliver to the Trustee
copies of all title insurance policies for all of the outstanding
Mortgage Loans. 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) unless the Company or the Trustee obtains actual
notice or knowledge of the occurrence of any Trigger Event;
provided, however, that such recording 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 information
in the assignments of the Mortgages to the Trustee and shall
cause the same to be recorded, at the Company's expense, in the
appropriate public office for real property records, except that
the Company need not cause to be so completed and recorded any
assignment 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 the assignment of
Mortgages in the circumstances provided above, the Trustee shall
record or cause to be recorded such assignment at the expense of
the Company. In connection with the recording of any such
assignment, the Company shall furnish such documents as may be
reasonably necessary to accomplish such recording.
Notwithstanding the foregoing, at any time the Company may
record, or cause to be recorded, the assignments of Mortgages at
the expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, 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
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present and future Certificateholders. The Trustee agrees, for
the benefit of Certificateholders, to review each Mortgage File
within 45 days after (i) the execution and delivery of this
Agreement, in the case of the Mortgage Notes, the assignments of
the Mortgages to the Trustee, the assumption and modification
agreements, if any, 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 and recorded
intervening assignments of Mortgage, if any, 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
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
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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, each Mortgage is a valid and enforceable
lien on the property securing the related Mortgage Note
subject only to (a) the lien of any related first
mortgage, if any, (b) the lien of current real property
taxes and assessments, (c) 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 (d) 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; any first mortgage loan
prior to the related Mortgage Loan encumbering the
related Mortgaged Property does not have a mandatory
future advance provision;
(iii) Each Mortgaged Property consists of one- to
four-family residential real property, which does not
include cooperatives, mobile homes, or manufactured
homes that do not constitute real property in the
jurisdiction in which such Mortgaged Property is
located;
(iv) 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;
(v) As of the Cut-off Date, no payment of
principal of or interest on or in respect of any
Mortgage Loan is more than 30 days past due, and no
more than 11.10% of the Mortgage Loans (by Principal
Balance) have been past due 30 or more days more than
once during the preceding 12 months;
(vi) A title search was conducted at the
origination of each Mortgage Loan and such search did
not show any lien on the related Mortgaged Property
senior to the related Mortgage other than any related
first mortgage and other liens and encumbrances
typically acceptable to mortgage lenders generally;
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(vii) As of the date of the initial issuance of
the Certificates, 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
applicable title insurance policy;
(viii)As of the date of the initial issuance of
the Certificates, there is no delinquent tax or
assessment lien against the property subject to any
Mortgage;
(ix) The Company has not received a notice of
default or acceleration of any first mortgage loan or
any Mortgage Loan secured by the Mortgaged Property
which has not been cured by a party other than the
Company;
(x) 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;
(xi) As of the date of the initial issuance of the
Certificates, the physical property subject to any
Mortgage is free of material damage and is in good
repair;
(xii) 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;
(xiii)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 other
than any Mortgage Loan identified on Exhibit M hereto,
and each such policy or binder is valid and remains in
full force and effect;
(xiv) The Mortgage Rate of each Mortgage Note of a
Mortgage Loan was not less than 7.05% per annum;
(xv) As of the Cut-off Date, not less than 93.76%
of the Mortgage Loans, by aggregate Principal Balance,
are Self-Amortizing Mortgage Loans and not more than
6.24% of the Mortgage Loans, by aggregate Principal
Balance are Simple Interest Mortgage Loans; and, in
each case, the Mortgage Rate with respect to each
Mortgage Loan is fixed at the time of origination of
the related Mortgage;
(xvi) As of the Cut-off Date, not less than 77.88%
of the Mortgage Loans, by aggregate Principal Balance,
are level payment, fully amortizing Mortgage Loans and
not more than 22.12% of the Mortgage Loans, by
aggregate Principal
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Balance are Balloon Mortgage Loans; and, in each case,
the Mortgage Rate with respect to each Mortgage Loan is
fixed at the time of origination thereof;
(xvii)If the Mortgaged Property was located in a
federally designated special flood hazard area at the
time of origination of the Mortgage Loan, it was
covered by flood insurance at such time in an amount
required by FEMA guidelines;
(xviii)The Mortgage Loans were originated in
accordance with the underwriting procedures of the
Company as described under the caption "The Home Equity
Loan Program" in the prospectus supplement, dated June
23, 1998, relating to the registration statement on
Form S-3 under the Securities Act of 1933, as amended,
Registration No. 333-51151, filed by the Company with
the Securities and Exchange Commission in connection
with the offer and sale of the Certificates (other than
the Class S Certificates);
(xix) As of the date of the initial issuance of
the Certificates, no Mortgage Note is secured by any
collateral, pledged account or other security except
the lien of the corresponding Mortgage;
(xx) As of the Cut-off Date, no more than 7.44% of
the Second Mortgage Loans had a Second Lien Combined
Loan-to-Value Ratio at origination in excess of 72.25%;
(xxi) The Servicing Fee Rate for each Mortgage
Loan is 0.50% per annum;
(xxii) As of the date of the initial issuance
of the Certificates, each Mortgage Note, the related
Mortgage and each other agreement executed in
connection therewith is a legal, valid and binding
obligation of the parties thereto, enforceable in
accordance with its terms, except as such enforcement
may be limited by bankruptcy, insolvency,
reorganization or other similar laws effecting the
enforcement of creditors' rights generally and by
general equity principals (regardless of whether such
enforcement is considered in equity or at law);
(xxiii) As of the date of the initial issuance
of the Certificates, each Mortgage contains customary
and enforceable provisions which render the rights and
remedies of the holder thereof adequate for the
realization against the related Mortgaged Property of
the benefits of the security including (A) in the case
of a Mortgage designated as a deed of trust, by
trustee's sale and (B) otherwise by judicial
foreclosure. To the best of the Company's knowledge,
there is no homestead or other exemption available to
the related Mortgagor that would materially interfere
with the right to sell the related Mortgaged Property
at a trustee's sale or the right to foreclose the
related mortgage.
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(xxiv)As of the date of the initial issuance of
the Certificates, the improvements on the Mortgaged
Properties are insured against loss under a hazard
insurance policy with extended coverage representing
coverage not less than the least of (A) the outstanding
principal balance of the related Mortgage Loan
(together, in the case of a second mortgage loan, with
the outstanding principal balance of the related senior
lien), (B) the minimum amount required to compensate
for damage or loss on a replacement cost basis or (C)
the full insurable value of the Mortgaged Property. As
of the date of initial issuance of the Certificates,
all such insurance policies are in full force and
effect;
(xxv) As of the Cut-off Date, no Mortgage Loan had
a Principal Balance of more than $450,000;
(xxvi)As of the Cut-off Date, no more than 0.45%
of the Mortgage Loans, by Principal Balance, are
secured by Mortgaged Properties located in any one
postal zip code area;
(xxvii)As of the Cut-off Date, none of the
Mortgage Loans constituted Buydown Mortgage Loans;
(xxviii)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;
(xxix)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;
(xxx) As of the Closing Date, each Mortgage Loan
is a "qualified mortgage" as defined in Section
860G(a)(3) of the Code; and
(xxxi)As of the Closing Date, the Company
possesses the Document File with respect to each
Mortgage Loan, and the related Mortgages and
intervening assignment or assignments of Mortgages, if
any, have been delivered to a title insurance company
for recording.
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
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discovery or its receipt of notice of breach, or, with the prior
written consent of a Responsible Officer of the Trustee, such
longer period specified in such consent, the Company shall cure
such breach in all material respects or shall repurchase such
Mortgage Loan from the Trustee or replace such Mortgage Loan
pursuant to Section 2.03(b). Any such repurchase by the Company
shall be accomplished in the manner set forth in Section 2.02,
subject to the proviso of the third-to-last sentence thereof, and
at the Purchase Price. It is understood and agreed that the
obligation of the Company to repurchase or replace any Mortgage
Loan as to which a breach occurred and is continuing shall
constitute the sole remedy respecting such breach available to
Certificateholders or the Trustee on behalf of Certificateholders
and such obligation of the Company to repurchase or replace any
such Mortgage Loan shall not be assumed by any Person which may
succeed the Company as servicer hereunder, but shall continue as
an obligation of the Company. Notwithstanding the preceding
sentence, if a breach of the representation and warranty of the
Company contained in Section 2.03(a)(xii) 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 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 other 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 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 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 Net Mortgage Rate, to be
deposited by the Company in the Certificate Account pursuant to
Section 2.02), (b) have a Mortgage Rate not less than, and not
more than one percentage point greater than, the Mortgage Rate of
the Defective Mortgage Loan, (c) have the same Net Mortgage Rate
as the Defective Mortgage Loan, (d) have a remaining term to
stated maturity not later than, and not more than one year less
than, the remaining term to stated maturity of the Defective
Mortgage Loan, (e) be, in the reasonable determination of the
Company, of the same type, quality and character as the Defective
Mortgage Loan as if the defect or breach had not occurred, (f)
have a ratio of its current principal amount to its Original
Value not greater than that of the removed Mortgage
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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. The REMICs. (a) For federal income tax
purposes, the Trust Fund shall consist of two REMICs, the Lower
Tier REMIC and the Upper Tier REMIC. The Certificates, other than
the Class R1 Certificate, shall be issued by the Upper Tier
REMIC, and the Class R1 Certificate shall be issued by the Lower
Tier REMIC. The Lower Tier REMIC shall be evidenced by the Class
R1 Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class R1 Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates in the
manner set forth in the following table.
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Corresponding Class of
Certificates(1)
Lower Tier Allocation
Lower Tier Initial Lower Interest of Allocation of
Interest Tier Balance Rate Principal Interest
-------- ------------ ---- --------- --------
A1 $59,500,000.00 (2) A1 (3)
A2 21,500,000.00 (2) A2 (3)
A3 27,600,000.00 (2) A3 (3)
A4 13,400,000.00 (2) A4 (3)
A5 15,100,000.00 (2) A5 (3)
A6 23,478,000.00 (2) A6 (3)
A7 17,800,000.00 (2) A7 (3)
M 4,861,000.00 (2) M (3)
B1 4,375,000.00 (2) B1 (3)
B2 1,945,000.00 (2) B2 (3)
B3 1,945,000.00 (2) B3 (3)
B4 1,459,000.00 (2) B4 (3)
B5 1,459,719.67 (2) B5 (3)
R2 500.00 (4) R2 (4)
- --------------------------
(1) Unless otherwise indicated, the amount of interest and
principal allocable from a Lower Tier Interest to its
Corresponding Class or Classes of Certificates on any
Distribution Date shall be 100%.
(2) Each of Lower Tier Interests A1, A2, A3, A4, A5, A6, A7, M,
B1, B2, B3, B4 and B5 shall bear interest at a rate equal to
the Weighted Average Net Mortgage Rate.
(3) For each Interest Accrual Period, the interest accrued on
each of Lower Tier Interests A1, A2, A3, A4, A5, A6, A7, M,
B1, B2, B3, B4 and B5 will be allocated as follows: (i) an
amount equal to the Accrued Certificate Interest for such
Interest Accrual Period for the Class of Certificates having
an identical alphabetical and numerical designation shall be
allocable to such Class, and (ii) an amount equal to the
excess of the interest accrued on such Lower Tier Interest
over the amount allocated in clause (i) above shall be
allocated to the Class S Certificates.
(4) Lower Tier Interest R2 shall bear interest at a rate equal
to the product of (x) 2 and (y) the Weighted Average Net
Mortgage Rate.
(b) The Lower Tier Interests shall be issued as
non-certificated interests. The Class R1 Certificate shall be
issued in fully registered certificated form and shall be
executed and countersigned as provided in Section 5.01 hereof.
(c) For purposes of further identifying the terms of
the Lower Tier Interests, distributions of principal and interest
on each Class of Lower Tier Interests shall be considered to
correspond, in timing and aggregate amount, to the distributions
of principal and interest,
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respectively, made under Section 4.01 on the Corresponding
Classes of Certificates, and allocations of losses on each Class
of Lower Tier Interests shall be considered to correspond, in
timing and aggregate amount, to the allocations of losses made
under Section 4.03 on the Corresponding Classes of Certificates.
(d) On each Distribution Date, in addition to amounts
otherwise distributable thereon pursuant to Section 4.01, the
Trustee shall distribute to the holder of the Class R1
Certificate any amounts (other than the amounts described in
clauses (x) and (y) of the definition of Available Funds)
remaining in the Lower Tier REMIC after all amounts required to
be applied pursuant to Section 2.05(c) have been so applied. Any
distributions pursuant to this clause (d) shall not reduce the
Certificate Principal Balance of the Class R1 Certificate.
Section 2.06. Designations under the REMIC Provisions.
(a) The Company hereby designates the Lower Tier Interests
identified in Section 2.05(a) above as "regular interests," and
the Class R1 Certificate as the single class of "residual
interests," in the Lower Tier REMIC for purposes of the REMIC
Provisions.
(b) 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 R2
Certificate as the single class of "residual interests," in the
Upper Tier REMIC for purposes of the REMIC Provisions.
(c) The Closing Date will be the "Startup Day" for each
of the Upper Tier REMIC and Lower Tier REMIC for purposes of the
REMIC Provisions.
(d) The "tax matters person" with respect to the Upper
Tier REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R2 Certificate,
or (ii) in any other case, the beneficial owner of the Class R2
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R2 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 Upper Tier REMIC for purposes of the REMIC
Provisions.
The "tax matters person" with respect to the Lower Tier
REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R1 Certificate,
or (ii) in any other case, the beneficial owner of the Class R1
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R1 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 Lower Tier REMIC for purposes of the REMIC
Provisions.
(e) The "latest possible maturity date" of the regular
interests in the Upper Tier REMIC and Lower Tier REMIC is the
Latest Maturity Date for purposes of section 860G(a)(1) of the
Code.
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ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder shall constitute, and that the
affairs of the REMICs shall be conducted so as to qualify each of
the Upper Tier REMIC and the Lower Tier REMIC (other than any
collateral fund established under the agreement referred to in
Section 3.08(e)) as, a "real estate mortgage investment conduit"
as defined in and in accordance with the REMIC Provisions. In
furtherance of such intention, the Company covenants and agrees
that it shall act as agent (and the Company is hereby appointed
to act as agent) on behalf of each of the Upper Tier REMIC and
the Lower Tier REMIC established hereunder and the respective
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 each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder, using the calendar year
as the taxable year and the accrual method of
accounting, containing such information and at the
times and in the manner as may be required by the Code
or state or local tax laws, regulations, or rules, and
shall furnish or cause to be furnished to
Certificateholders the schedules, statements or
information at such times and in such manner as may be
required thereby;
(ii) within thirty days of the Closing Date,
shall furnish or cause to be furnished to the Internal
Revenue Service, on Form 8811 or as otherwise may be
required by the Code, the name, title, address, and
telephone number of the person that the holders of the
Certificates may contact for tax information relating
thereto (and the Company shall act as the
representative of each of the Upper Tier REMIC and the
Lower Tier REMIC established hereunder for this
purpose), together with such additional information as
may be required by such Form, and shall update such
information at the time or times and in the manner
required by the Code;
(iii) make or cause to be made an election, on
behalf of each of the Upper Tier REMIC and the Lower
Tier REMIC established hereunder, to be treated as a
REMIC, and make the appropriate designations, if
applicable, in accordance with Section 2.06 hereof on
the federal tax return of the Trust Fund for its first
taxable year (and, if necessary, under applicable state
law);
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(iv) prepare and forward, or cause to be
prepared and forwarded, to the Certificateholders and
to the Internal Revenue Service and, if necessary,
state tax authorities, all information returns or
reports, or furnish or cause to be furnished by
telephone, mail, publication or other appropriate
method such information, as and when required to be
provided to them in accordance with the REMIC
Provisions and the Code, including without limitation,
the calculation of any original issue discount using
the Prepayment Assumption;
(v) provide information necessary for the
computation of tax imposed on the transfer of a
Residual Certificate to a Disqualified Organization, or
an agent (including a broker, nominee or other
middleman) of a Disqualified Organization, or a
pass-through entity in which a Disqualified
Organization is the record holder of an interest (the
reasonable cost of computing and furnishing such
information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct
the affairs of each of the Upper Tier REMIC and the
Lower Tier 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 either of the Upper
Tier REMIC or the Lower Tier REMIC or that would
subject the Trust Fund to tax;
(viii) exercise reasonable care not to allow
the creation of any "interests" (A) in the Upper Tier
REMIC within the meaning of section 860D(a)(2) of the
Code in addition to the interests represented by the
Classes of Certificates identified in Section 5.01(b)
other than the Class R1 Certificate, and (B) in the
Lower Tier REMIC within the meaning of Section
860D(a)(2) of the Code in addition to the interests
represented by the Lower Tier Interests identified in
Section 2.05(a) and the Class R1 Certificate;
(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 either of the Upper Tier REMIC or the
Lower Tier REMIC established hereunder to fail to
qualify as a REMIC;
(x) exercise reasonable care not to allow the
Trust Fund to receive income from the performance of
services or from assets not permitted under the REMIC
Provisions to be held by a REMIC;
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(xi) pay the amount of any federal or state
tax, including prohibited transaction taxes, taxes on
certain contributions to the REMIC after the Startup
Day, and taxes on net income from foreclosure
property, imposed on the Trust Fund when and as the
same shall be due and payable (but such obligation
shall not prevent the Company or any other appropriate
Person from contesting any such tax in appropriate
proceedings and shall not prevent the Company from
withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income
tax or information returns shall be signed by the
Trustee or such other person as may be required to sign
such returns by the Code or state or local laws,
regulations or rules; and
(xiii) maintain such records relating to each of
the Upper Tier REMIC and the Lower Tier REMIC
established hereunder, including but not limited to the
income, expenses, individual Mortgage Loans (including
Mortgaged Property), other assets and liabilities
thereof, and the fair market value and adjusted basis
of the property of each determined at such intervals as
may be required by the Code, as may be necessary to
prepare the foregoing returns, schedules, statements or
information.
The Company shall be entitled to be reimbursed pursuant
to Section 3.04 for any federal income taxes paid by it pursuant
to clause (xi) of the preceding sentence, except to the extent
that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. With respect to any reimbursement of
prohibited transaction taxes, the Company shall inform the
Trustee of the circumstances under which such taxes were
incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Net Mortgage Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record,
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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. The Company shall service and administer the
Mortgage Loans with reasonable care, using that degree of skill
and attention that the Company exercises with respect to all
comparable home equity mortgage loans that it services for itself
or others, and that are generally accepted industry practice. The
Company shall follow its customary standards, policies and
procedures in performing its duties as servicer. 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. The Company shall not consent to the
placing of a lien senior to that of the Mortgage on the related
Mortgaged Property, except in the case of the refinancing of an
existing first mortgage loan on a Mortgaged Property and only if
all Loan Conditions have been satisfied (any such lien, a
"Permitted Senior Lien").
In the event that foreclosure proceedings are commenced
with respect to any Mortgage Loan with respect to which the
Company or any Primary Servicer has consented to the placing of a
subsequent senior lien and such senior lien is not a Permitted
Senior Lien, the Company shall repurchase such Mortgage Loan on
the Deposit Date for the next Distribution Date following the
related Collection Period during which such foreclosure
proceedings were commenced. Such repurchase shall be accomplished
in the same manner and subject to the same conditions as set
forth in Section 2.02. Upon making any such repurchase the
Company shall be entitled to receive an instrument of assignment
or transfer from the Trustee to the same extent as set forth in
Section 2.02. For purposes of this Agreement, any such purchase
shall be deemed to be a prepayment of such Mortgage Loan. It is
understood and agreed that the obligation of the Company to
purchase any Mortgage Loan (or property acquired in respect
thereof or insurance policy or insurance proceeds with respect
thereto) pursuant to the second immediately preceding sentence
shall constitute the sole remedy against it respecting such
breach available to the Certificateholders or the Trustee and
such obligation shall survive any resignation or termination of
the Company under this Agreement.
(c) 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.
(d) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The
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Company shall collect such amounts from the Mortgagor and shall
credit the Mortgage Loan Payment Record accordingly.
(e) 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.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Record; Certificate Account. (a)
The Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange with a Mortgagor a schedule for the payment
of principal and interest due and unpaid for a period extending
up to two years after the date such schedule is arranged. Any
arrangement of the sort described in clause (ii) above shall not
affect the amount or timing of the Company's obligation to make
Monthly Advances with respect to any Mortgage Loan which Monthly
Advances shall be made pursuant to the original amortization
schedule applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a Mortgage
Loan Payment Record in which the following payments on and
collections in respect of each Mortgage Loan shall as promptly as
practicable be credited by the Company for the account of the
Holders of the Certificates:
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(i) All payments on account of principal,
including Principal Prepayments (other than (A)
payments of principal due and payable on the Mortgage
Loans 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 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 Net Mortgage Rate on the Mortgage Loan
received from the related Mortgagor, including any
Buydown Funds applied with respect to interest at the
applicable Net Mortgage 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 for the benefit of the Trust Fund, other than
proceeds to be applied to the restoration or repair of the
property subject to the related Mortgage or released, or to
be released, to the related Mortgagor in accordance with the
normal servicing procedures of the Company; and
(v) All REO Proceeds; and
(vi) All Unanticipated Recoveries.
The foregoing requirements respecting credits to the Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in the Mortgage Loan Payment Record collections,
Liquidation Proceeds or Insurance Proceeds in respect of Mortgage
Loans which have been previously released from the terms of this
Agreement, amounts representing fees, late charge penalties or
Prepayment Premiums 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.
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(c) Subject to subsection (e) below, until the Business
Day prior to each Distribution Date on which amounts are required
to be transferred to the Certificate Account pursuant to
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to
deposit amounts in the Certificate Account pursuant to subsection
(d) of this section 3.02. Any such deposit shall not increase the
Company's obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall transfer, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of such Distribution Date. If the Trustee does not
receive such transfer by 2:00 p.m. on such Business Day, it shall
give the Company written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by Moody's
of GECC's short-term senior unsecured debt rating below P1,
notwithstanding subsection (c) above, the Company shall promptly
establish, and thereafter maintain, one or more Eligible Accounts
in the name of the Trustee and bearing a designation indicating
that amounts therein are held for the benefit of the Trustee and
the Certificateholders, into which the Company and any Primary
Servicer shall deposit within two Business Days after receipt,
all amounts otherwise required to be credited to the Mortgage
Loan Payment Record pursuant to Section 3.02(b); provided,
however, that such action shall not be required if the Company
delivers to the Trustee a letter from each Rating Agency to the
effect that the failure to take such action will not cause such
Rating Agency to withdraw or reduce its then current ratings of
the Certificates. All amounts so deposited shall be held in trust
for the benefit of Certificateholders. Amounts so deposited may
be invested at the written instruction of the Company in
Permitted Investments in the name of the Trustee maturing no
later than the Business Day preceding the Distribution Date
following the date of such investment; provided, however, that
any such Permitted Investment which is an obligation of The First
National Bank of Chicago, in its individual capacity and not in
its capacity as Trustee, or represents an interest in its
Corporate Trust Short Term Investment Fund, 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 either
of the Upper Tier REMIC or the Lower Tier REMIC established
hereunder to fail to qualify as a REMIC. The Trustee shall
maintain physical possession of all Permitted
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Investments, other than Permitted Investments maintained in
book-entry form. The Company, as servicer, shall be entitled to
retain for its own account any gain or other income from
Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to the Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to Eligible Accounts and transfers to and
withdrawals from such Eligible Accounts. Any action which may be
necessary to establish the terms of an account pursuant to this
Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the Certificates.
Section 3.03. [Omitted].
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Record. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to the
Mortgage Loan Payment Record for the following purposes:
(i) To reimburse the Company or the applicable
Primary Servicer for Liquidation Expenses theretofore
incurred in respect of any Mortgage Loan in an amount
not to exceed the amount of the related Liquidation
Proceeds credited to the Mortgage Loan Payment Record
pursuant to Section 3.02(b)(iii); provided that the
Company or the applicable Primary Servicer shall not
be entitled to reimbursement for Liquidation Expenses
incurred after the initiation of foreclosure
proceedings in respect of any Defaulted Mortgage Loan
that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable
Primary Servicer for Insured Expenses and amounts
expended by it pursuant to Section 3.08 in good faith
in connection with the restoration of property damaged
by an Uninsured Cause, in an amount not to exceed the
amount of the related Insurance Proceeds and
Liquidation Proceeds (net of any debits pursuant to
clause (i) above) and amounts representing proceeds of
other insurance policies covering the property subject
to the related Mortgage credited to the Mortgage Loan
Payment Record pursuant to Section 3.02(b) (iii) and
(iv);
(iii) To reimburse the Company to the extent
permitted by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in
respect of any Defective Mortgage Loan or Defaulted
Mortgage Loan purchased by the Company to the extent
that the distribution of any such amounts on the
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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, including an REO Mortgage
Loan or Liquidated 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 for any
Nonrecoverable Advance;
(viii) To make transfers of funds to the
Certificate Account pursuant to Section 3.02(d); and
(ix) To deduct amounts credited to the Mortgage
Loan Payment Record in error.
The Company shall keep and maintain separate accounting
records, on a Mortgage Loan by Mortgage Loan basis, for the
purpose of accounting for debits to the Mortgage Loan Payment
Record pursuant to clauses (i), (ii), (iv), (v) and (vi) of this
Section 3.04; provided, however, that it is understood and agreed
that the records of such accounting need not be retained by the
Company for a period longer than the five most recent fiscal
years.
Section 3.05. [Omitted].
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage 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 (and, in the case of a
Second Mortgage Loan, on the related first mortgage loan),
whichever is less. The Company shall also maintain on property
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. To the extent provided in Section 3.02(b)(iv),
amounts collected by the Company under any such policies in
respect of the Mortgage Loans shall be credited to the Mortgage
Loan Payment Record. Such costs shall be recoverable by the
Company pursuant to
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Section 3.04. In cases in which property securing any Mortgage
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, it shall conclusively be deemed to have
satisfied its obligations as set forth in the first sentence of
this Section 3.06, it being understood and agreed that such
policy may contain a deductible clause, in which case the Company
shall, in the event that there shall not have been maintained on
the related Mortgaged Property a policy complying with the first
sentence of this Section 3.06, and there shall have been a loss
which would have been covered by such policy, credit to the
Mortgage Loan Payment Record the amount not otherwise payable
under the blanket policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto; 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 hazard insurance policy. The Company shall notify the
Trustee that any assumption and modification agreement has been
completed by forwarding to the Trustee the original copy thereof,
which copy shall be added by the Trustee to the related Mortgage
File and shall, for all purposes, be considered a part of such
Mortgage File to the same extent as all other documents and
instruments constituting a part thereof. In connection with any
such agreement, the Mortgage Rate, mortgage term and any other
material term of such Mortgage Loan shall not be changed. Any fee
collected by the Company for entering into any such agreement
will be retained by the Company as additional servicing
compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
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Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of properties securing such of
the Mortgage Loans as come into and continue in default and as to
which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall follow
such practices and procedures (including, in the case of any
default on a related senior mortgage loan, the advancing of funds
to correct such default) as it shall deem necessary or advisable
and as shall be normal and usual in its general home equity
mortgage loan servicing activities. The foregoing is subject to
the proviso that the Company shall not be required to expend its
own funds in connection with any foreclosure or towards the
restoration of any property unless it shall determine (i) that
such restoration or foreclosure will increase the proceeds of
liquidation of the Mortgage Loan to Certificateholders after
reimbursement to itself for such expenses and (ii) that such
expenses will be recoverable to it either through Liquidation
Proceeds or Insurance Proceeds. Notwithstanding the foregoing,
the Company shall not be entitled to recover legal expenses
incurred in connection with foreclosure proceedings where the
Mortgage Loan is reinstated and such foreclosure proceedings are
terminated prior to completion, other than sums received from the
Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
(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, if any, in effect on and after
such acquisition of title (after giving effect to any previous
Principal Prepayments) 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
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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 (in the
case of a Simple Interest Mortgage Loan, assuming payments are
made on the related Due Date). 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 either of the Upper Tier REMIC
or the Lower Tier 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 the period shall be extended by the applicable period.
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, 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 in the Collection Period relating 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 between the Servicing Fee and interest
at the Net Mortgage 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.
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(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates or
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
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 any
Person that is the Holder of 100% of the Class B4 Certificates,
provided that (i) such Person is also the Holder of 100% of the
Class B5 Certificates, (ii) such Person shall have no rights
under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
been reduced to zero, and (iii) any rights of such Person under
such Agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of Mortgage
Files. Upon the payment in full of any Mortgage Loan, the Company
will immediately notify the Trustee by a certification (which
certification shall include a statement to the effect that all
amounts received in connection with such payment which are
required to be credited to the Mortgage Loan Payment Record
pursuant to Section 3.02 have been so credited) of a Servicing
Officer and shall request delivery to it of the Mortgage File. If
a Buydown Mortgage Loan is the subject of a Principal Prepayment
in full during the related Buydown Period, the related Buydown
Funds will
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be applied or returned to the Person entitled thereto
in accordance with the terms of such Buydown Mortgage Loan. Upon
receipt of such certification and request in form satisfactory to
the Trustee, the Trustee shall promptly, but in any event within
five Business Days, release the related Mortgage File to the
Company; provided, that the Trustee shall not be responsible for
any delay in the release of a Mortgage File resulting from acts
beyond its control, including without limitation, acts of God,
strikes, lockouts, riots, acts of war or terrorism, epidemics,
nationalization, governmental regulations imposed after the fact,
fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters. Upon any such payment
in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of
satisfaction regarding such Mortgage, which instrument of
satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the Mortgage Loan
Payment Record. From time to time and as appropriate for the
servicing or foreclosure of any Mortgage Loan, the Trustee shall,
upon request of the Company and delivery to the Trustee of a
receipt signed by a Servicing Officer, release the related
Mortgage File to the Company and shall execute such documents as
shall be necessary to the prosecution of any such proceedings.
Such receipt shall obligate the Company to return the Mortgage
File to the Trustee when the need therefor by the Company no
longer exists unless the Mortgage Loan shall be liquidated, in
which case, upon receipt of a certificate of a Servicing Officer
similar to that hereinabove specified, the receipt shall be
released by the Trustee to the Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date shall be
reduced as provided in Section 4.08. Additional servicing
compensation in the form of Prepayment Interest Excess, Net
Simple Interest Excess, Prepayment Premiums, assumption fees,
modification fees, late payment charges, interest income or gain
with respect to amounts deposited in the Certificate Account and
invested by the Company or otherwise shall be retained by the
Company, subject to Section 3.10(b), if applicable. The Company
shall be required to pay all expenses 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, 3.04 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
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customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of the Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to the
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, (i) the Company has fulfilled all its
material obligations under this Agreement throughout such year,
and (ii) no Trigger Event has occurred or, if there has been a
default in the fulfillment of any such obligation or Trigger
Event, specifying each such default or Trigger Event known to
such Officer and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
(a) furnish to a firm of independent public accountants
(which may also render other services to the Company) a statement
substantially to the effect that the Company has complied in all
material respects with the minimum servicing standards set forth
in the Uniform Single Attestation Program for Mortgage Bankers
(the "Minimum Servicing Standards") with respect to the mortgage
loans in the Company's home equity loan servicing portfolio 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
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with applicable accounting standards. In rendering such report,
such firm may rely, as to matters relating to direct servicing of
Mortgage Loans by any primary servicer, upon comparable reports
of independent public accountants with respect to such primary
servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Interest Funds
from the Certificate Account and shall make distributions to
Holders of the Certificates as of the preceding Record Date in
the following order of priority, to the extent of the remaining
Available Interest Funds:
(i) to the Class S Certificates and each
Class of Senior Certificates other than the
Class R1 and Class R2 Certificates, the
Accrued Certificate Interest thereon for
such Distribution Date (less the applicable
Simple Interest Shortfall Percentage of any
Unpaid Net Simple Interest Shortfall for
such Distribution Date), any shortfall in
available amounts being allocated among such
Classes in
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proportion to the amount of Accrued
Certificate Interest otherwise distributable
thereon;
(ii) to the Class S Certificates and each Class
of Senior Certificates other than the Class R1 and
Class R2 Certificates, any related Unpaid Class
Interest Shortfall for such Distribution Date, any
shortfall in available amounts being allocated
among such Classes in proportion to the Unpaid
Class Interest Shortfall for each such Class on
such Distribution Date;
(iii) to the Class M Certificates, the Accrued
Certificate Interest thereon for such
Distribution Date (less the applicable Simple
Interest Shortfall Percentage of any Unpaid
Net Simple Interest Shortfall for such
Distribution Date);
(iv) to the Class M Certificates, any Unpaid
Class Interest Shortfall therefor on
such Distribution Date;
(v) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date (less the applicable Simple Interest Shortfall
Percentage of any Unpaid Net Simple Interest Shortfall
for such Distribution Date);
(vi) to the Class B1 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(vii) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date (less the applicable Simple Interest Shortfall
Percentage of any Unpaid Net Simple Interest Shortfall
for such Distribution Date);
(viii) to the Class B2 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(ix) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date (less the applicable Simple Interest Shortfall
Percentage of any Unpaid Net Simple Interest Shortfall
for such Distribution Date);
(x) to the Class B3 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xi) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date
(less the applicable Simple Interest Shortfall Percentage
of any Unpaid Net Simple Interest Shortfall for such
Distribution Date);
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(xii) to the Class B4 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xiii) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date (less the applicable Simple Interest Shortfall
Percentage of any Unpaid Net Simple Interest Shortfall
for such Distribution Date); and
(xiv) to the Class B5 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date.
(b) On each Distribution Date, the Trustee shall
withdraw the Available Principal Funds from the Certificate
Account and shall make distributions to Holders of the
Certificates as of the preceding Record Date as follows:
(i) the Senior Principal Distribution Amount for
such Distribution Date shall be distributed to the
Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class R1 and Class R2 Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently, as follows:
(a) to the Class A7 Certificates, the Class
A7 Principal Distribution Amount, if any, for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to
zero; and
(b) to the Class A1, Class A2, Class A3,
Class A4, Class A5, Class A6, Class R1 and Class
R2 Certificates, an amount equal to the Senior
Principal Distribution Amount for such
Distribution Date less the Class A7 Principal
Distribution Amount, if any, for such date, in the
following order of priority:
(1) concurrently, to the Class R1 and
Class R2 Certificates, in proportion to their
respective Class Certificate Principal
Balances, until the Class Certificate
Principal Balances thereof have been reduced
to zero;
(2) to the Class A1 Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero;
(3) to the Class A2 Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero;
(4) to the Class A3 Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero;
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(5) to the Class A4 Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero;
(6) to the Class A5 Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero; and
(7) to the Class A6 Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero; and
(ii) to each Class of Junior Certificates, in
reduction of the Class Certificate Principal Balance thereof,
each such Class's Allocable Share of the Junior Principal
Distribution Amount on such Distribution Date.
(c) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R2 Certificate any
remaining amounts in the Upper Tier REMIC 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 received by the Company in the calendar month
preceding the month of such Distribution Date and not distributed
on such Distribution Date to outstanding Certificates of any
other Class pursuant to Section 4.01(f). Any distributions
pursuant to this clause (c) shall not reduce the Class
Certificate Principal Balance of the Class R2 Certificate.
(d) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates pursuant to Section 4.01(b)(i) for such Distribution
Date and each succeeding Distribution Date shall be allocated
among the Classes of Senior Certificates, pro rata, on the basis
of their respective Class Certificate Principal Balances
immediately prior to such Distribution Date, regardless of the
priorities set forth in Section 4.01(b)(i).
(e) If on any Distribution Date (i) the Class
Certificate Principal Balance of the Class M Certificates or any
Class of Class B Certificates for which the related Prepayment
Distribution Trigger was satisfied on such Distribution Date is
reduced to zero and (ii) amounts distributable pursuant to
clauses (ii), (iv) and (v) of the Junior Principal Distribution
Amount remain undistributed on such Distribution Date after all
amounts otherwise distributable on such date pursuant to clause
(ii) of Section 4.01(b) have been distributed, such amounts shall
be distributed on such Distribution Date to the remaining Classes
of Junior Certificates in order of priority, such that no such
distribution shall be made to any Class of Junior Certificates
while a prior such Class is outstanding.
(f) 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
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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 entitled to
any share of an Unanticipated Recovery, and such Unanticipated
Recovery shall be allocated among all outstanding Classes of
Certificates entitled thereto in accordance with the preceding
sentence, subject to the remainder of this subsection (f). In the
event that (i) any Unanticipated Recovery remains undistributed
in accordance with the preceding sentence or (ii) the amount of
an Unanticipated Recovery exceeds the amount of the Realized Loss
previously allocated to any outstanding Classes with respect to
the related Mortgage Loan, on the applicable Distribution Date
the Trustee shall distribute to the holders of all outstanding
Classes of the related Certificates to which Realized Losses had
previously been allocated and not reimbursed their pro rata share
(determined as described below) of such excess in an amount not
to exceed the aggregate amount of any Realized Loss previously
allocated to such Class with respect to any other Mortgage Loan
that has not been recovered in accordance with this Section
4.01(f). Any distributions made pursuant to this Section 4.01(f)
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 based on such Class's
pro rata share (in proportion to the Class Certificate Principal
Balances thereof with respect to such Distribution Date) of the
principal portion of the Realized Loss previously allocated with
respect to such Mortgage Loan.
Section 4.02. Method of Distribution. (a) All
distributions with respect to each Class of Certificates on each
Distribution Date shall be made pro rata among the outstanding
Certificates of such Class, based on the Percentage Interest in
such Class represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each indirect participating brokerage firm (a "brokerage firm" or
"indirect participating firm") for which it acts as agent. Each
brokerage firm shall be responsible for disbursing funds to the
Certificate Owners that it represents. All such credits and
disbursements with respect to a Book-Entry Certificate are to be
made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
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(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan that
occurred during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) shall be allocated as follows:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
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seventh, to the Classes of Senior Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances.
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss shall be allocated to each
Class of Certificates, pro rata, based on the respective Class
Certificate Principal Balances thereof.
(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. Any allocation
of Realized Losses pursuant to this paragraph (d) shall be
accomplished by reducing the Certificate Principal Balance of the
related Certificates 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.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any.
Any such Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on
such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of any Realized Loss shall be made on a Distribution Date to a
Class of Certificates to the extent that such allocation would
result in the reduction of the aggregate Certificate Principal
Balances of all the Certificates as of such Distribution Date,
after giving effect to all distributions and prior allocations of
Realized Losses on such date, to an amount less than the
aggregate Principal Balance of the Mortgage Loans as of the first
day of the month of such Distribution Date (such limitation, the
"Loss Allocation Limitation").
(h) Any allocation of a Realized Loss to a Class of
Certificates, or of any Subordinate Certificate Writedown Amount
to a Class of Subordinate Certificates, pursuant to this Section
4.03 shall effect a corresponding allocation thereof to the
corresponding Class of Lower Tier Interests and, in the case of
the principal portion of any such Realized Loss and any such
Subordinate Certificate Writedown Amount, a corresponding
reduction in the related Lower Tier Balance thereof.
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date pursuant to Section 3.16. If the
Company so elects to purchase
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any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Sections 2.02 or 2.03(a)),
no Monthly Advance shall be required with respect thereto for the
month in which such purchase occurs. The Company shall include
information as to each of such determinations in the Servicer's
Certificate furnished by it to the Trustee in accordance with
Section 4.06 and shall be obligated to transfer to the
Certificate Account pursuant to Section 3.02(d) on or before
11:00 a.m. New York time on the Business Day next preceding the
following Distribution Date in next-day funds the respective
amounts applicable to such determinations appearing in such
Servicer's Certificate. Upon receipt by the Trustee of written
notification signed by a Servicing Officer of any such deposit
relating to the purchase by the Company of such a Mortgage Loan,
the Trustee shall release to the Company the related Mortgage
File and shall execute and deliver such instruments of transfer
or assignment, in each case without recourse, as shall be
necessary to vest in the Company any Mortgage Loan released
pursuant hereto.
(b) In the event that the Company transfer or expects
to transfer less than the Available Funds required to be
deposited by it pursuant to Section 3.02(d), the Company shall so
notify the Trustee no later than 9:00 a.m. on the Business Day
preceding the related Distribution Date, and the amount so
transferred, if any, shall be deemed to have been transferred
first pursuant to clause (i) of the definition of Available
Funds, second pursuant to clause (iii) of the definition of
Available Funds, and third pursuant to clause (ii) of the
definition of Available Funds. Such notice shall specify each
Mortgage Loan delinquent as of the preceding Determination Date.
In such event, and if the Company has failed to make any required
Monthly Advance such that an Event of Default as described in
Section 7.01(v) has occurred, the Trustee shall terminate all of
the rights and obligations of the Company as servicer hereunder
and, in its capacity as successor servicer pursuant to Section
7.02, the Trustee shall make any Monthly Advance required to be
made hereunder, in the manner and to the extent required;
provided, the Trustee shall not be so obligated if prohibited by
applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. Each
month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class allocable to
principal, separately identifying the aggregate amount
of any Principal Prepayments included therein
(including, for this purpose, the Principal Balances of
all Defaulted Mortgage Loans and Defective Mortgage
Loans purchased pursuant to Section 2.02, 2.03(b) and
3.16, respectively, and any amounts deposited pursuant
to Section 2.03(b) in connection with the substitution
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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;
(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 Principal Balance and the aggregate
number of the Mortgage Loans as of the end of the
related Collection Period after giving effect to all
distributions allocable to principal made on such
Distribution Date;
(v) The Class Certificate Principal Balance of
each Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving effect to
(i) all distributions allocable to principal made on
such Distribution Date and (ii) the allocation of any
Realized Losses for such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance
of any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a
deed in lieu of foreclosure or otherwise, of any REO
Mortgage Loan, and the number of the related Mortgage
Loans;
(viii) The aggregate 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) one payment delinquent, (y)
two payments delinquent and (z) three or more payments
delinquent, and (b) in foreclosure;
(ix) The Principal Balance of any Mortgage Loan
replaced pursuant to Section 2.03(b);
(x) The Certificate Interest Rate of the Class S,
Class M and Class B Certificates applicable to the
Interest Accrual Period relating to such Distribution
Date;
(xi) The Senior Percentage and Junior Percentage
for such Distribution Date;
(xii) The Available Interest Funds and Available
Principal Funds for such Distribution Date;
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(xiii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for such Distribution Date; and
(xiv) The amount of such distribution to the
Certificateholders of each Class allocable to
Unanticipated Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
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
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required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 31st 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 Compensation;
Simple Interest Shortfall Payments. (a) The aggregate amount of
the Servicing Fees subject to retention by the Company as
servicer in respect of any Distribution Date shall be reduced
(but not below zero), first, by the amount of any Compensating
Interest Payment for such Distribution Date, and second, by the
amount of any Simple Interest Shortfall Payment for such
Distribution Date.
(b) Not later than 11:00 a.m. New York time on the
Business Day prior to each Distribution Date, the Company shall
deposit into the Certificate Account as part of the Available
Funds to be deposited on such date pursuant to Section 3.02(d)
the sum of (i) the Compensating Interest Payment, if any, with
respect to such Distribution Date and (ii) the amount, if any, by
which the Simple Interest Shortfall Payment for such date exceeds
the amount paid by the Servicer pursuant to clause second of
Section 4.08(a); provided, however, that the amount deposited
pursuant to clause (ii) above shall not exceed the aggregate
amount of any Net Simple Interest Excess paid to the Company on
previous Distribution Dates and not previously deposited into the
Certificate Account pursuant to this Section 4.08(b).
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 $194,423,719.67. 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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Designation Initial
Class
Certificate Certificate
Principal Interest Minimum
Balance Rate Denominations
------- ---- -------------
Class A1 $ 59,500,000.00 6.3650% $25,000
Class A2 21,500,000.00 6.1050 25,000
Class A3 27,600,000.00 6.1800 25,000
Class A4 13,400,000.00 6.2750 25,000
Class A5 15,100,000.00 6.3150 25,000
Class A6 23,478,000.00 (1) 25,000
Class A7 17,800,000.00 6.2150 25,000
Class M 4,861,000.00 (1) 100,000
Class B1 4,375,000.00 (1) 100,000
Class B2 1,945,000.00 (1) 100,000
Class B3 1,945,000.00 (1) 250,000
Class B4 1,459,000.00 (1) 250,000
Class B5 1,459,719.67 (1) 250,000
Class S (2) (2) 12,000,000
Class R1 500.00 0.00 500
Class R2 500.00 0.00 500
- -------------------------
(1) The Certificate Interest Rate of each of the Class A-6,
Class M and Class B Certificates is as set forth in the
definition of "Certificate Interest Rate."
(2) The Class S Certificates are issued with an initial Notional
Principal Balance of $194,423,719.67 and shall bear interest
at the Strip Rate.
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificates shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 (or $1,000,000 in the case of a
Class of Class S Certificates) 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).
Each Class of Residual Certificates 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 and Class S Certificates may evidence an additional
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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) The Strip Rate for each Interest Accrual Period
shall be determined by the Company and included in the Servicer's
Certificate for the related Distribution Date.
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
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governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified
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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 either
of the Upper Tier REMIC or the Lower Tier REMIC established
hereunder to fail to qualify as a REMIC at any time that the
Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a Restricted 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
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to execute an investment letter in the form substantially as set
forth in Exhibit I hereto or in such other form as may be
acceptable to the Trustee, certifying as to the facts surrounding
such transfer, or (y) in lieu of such investment letter, the
Trustee may accept a written Opinion of Counsel (in form and
substance acceptable to the Trustee) that such proposed transfer
may be made pursuant to an exemption from the Act. As an
additional condition to any transfer of a Restricted Certificate,
either (i) the transferor and the transferee shall complete the
form of assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced Opinion of Counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the Private
Placement Memorandum) or its nominee and (ii) the Class S
Certificates to the Company or upon any subsequent transfer of a
Class S Certificate by the Company, provided that if any
Restricted Junior Certificates are, at the request of the Initial
Purchaser, registered in the name of its nominee, the Initial
Purchaser shall be deemed to acknowledge and agree with the
Company and the Trustee that no transfer of a beneficial interest
in such Certificates will be made without registering such
Certificates in the name of the transferee, which shall be a
Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the
Trust Fund or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee 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
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of the Trust Fund, the Trustee or the Company. Notwithstanding
the foregoing, no opinion or certificate shall be required for
the initial issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among
other things, such transferee is not a Plan or a Person that
is using the assets of a Plan to acquire any such
Certificate. The preparation and delivery of such
certificate shall not be an expense of the Trust Fund, the
Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
form pursuant to Section 5.02(g) or any Restricted Junior
Certificate of any Class of Book-Entry Certificates that is
transferred to an entity other than a QIB, the Book-Entry
Certificates shall, subject to Section 5.02(f), at all times
remain registered in the name of the Depository or its nominee
and at all times: (i) registration thereof may not be transferred
by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate
Owners and with respect to ownership and transfers of such
Certificates; (iii) ownership and transfers of registration of
the Certificates issued in book-entry form on the books of the
Depository shall be governed by applicable rules established by
the Depository and the rights of Certificate Owners with respect
to Book-Entry Certificates shall be governed by applicable law
and agreements between such Certificate Owners and the
Depository, Depository Participants, and indirect participating
firms; (iv) the Depository may collect its usual and customary
fees, charges and expenses from its Depository Participants; (v)
the Trustee shall deal with the Depository, Depository
Participants and indirect participating firms as authorized
representatives of the Certificate Owners of the Certificates
issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the
rights of Holders under this Agreement, and requests and
directions for and votes of such representatives shall not be
deemed to be inconsistent if they are made with respect to
different Certificate Owners; (vi) the Trustee may rely and shall
be fully protected in relying upon information furnished by the
Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect
participating firms and persons shown on the books of such
indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to
certificates for the Book-Entry Certificates and (viii) the
Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
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All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises the
Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, 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 The First National Bank of
Chicago, 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
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of Cede & Co. or in such other name as requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or
to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch
as the registered owner hereof, Cede & Co., has an interest
herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, as if originally issued, whether or not the lost,
stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders'
Names and Addresses. The Certificate Registrar will furnish or
cause to be furnished to the Company, within 15 days after
receipt by the Certificate Registrar of request therefor from the
Company in writing, a list, in such form as the Company may
reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment
of distributions to Certificateholders. If three or more
Certificateholders (hereinafter referred to as "applicants")
apply in writing to the Trustee, and such application states that
the applicants desire to communicate with other
Certificateholders with respect to their rights under this
Agreement or under the Certificates and is accompanied by a copy
of the communication which such applicants propose to transmit,
then the Trustee shall, within five Business Days after the
receipt of such application, afford such applicants access during
normal business hours to the most recent list of
Certificateholders held by the Trustee. If such list is as of a
date more than 90 days prior to the date of receipt of such
applicants' request, the Trustee shall promptly request from the
Certificate Registrar a current list as provided above, and shall
afford such applicants access to such list
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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.
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
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hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties hereunder or by reason of reckless disregard of
obligations and duties hereunder. The Company shall be under no
obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the Mortgage
Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to the
provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
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ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) Any failure by the Company to make any payment
to the Trustee of funds pursuant to Section 3.02(d) out
of which distributions to Certificateholders of any
Class are required to be made under the terms of the
Certificates and this Agreement which failure continues
unremedied for a period of three Business Days after
the date upon which written notice of such failure
shall have been given to the Company by the Trustee or
to the Company and the Trustee by Holders of
Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating
not less than 25%; or
(ii) Failure on the part of the Company duly to
observe or perform in any material respect any other
covenants or agreements of the Company set forth in the
Certificates or in this Agreement, which covenants and
agreements (A) materially affect the rights of
Certificateholders and (B) continue unremedied for a
period of 60 days after the date on which written
notice of such failure (stating that such notice is a
"notice of default" hereunder), 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; or
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(v) Any failure on the part of the Company to
deposit into the Certificate Account any Monthly
Advance required to be made pursuant to this Agreement
by 12:00 noon New York time on the related Distribution
Date;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the
transfer and endorsement of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of Successor.
(a) On and after the time the Company receives a notice of
termination pursuant to Section 7.01, the Trustee shall be the
successor in all respects to the Company in its capacity as
servicer under this Agreement and the 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
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compensation as the Company would have been entitled to hereunder
if no such notice of termination had been given. Notwithstanding
the above, the Trustee may, if it shall be unwilling so to act,
or shall, if it is legally unable so to act, appoint, or petition
a court of competent jurisdiction to appoint, any established
housing and home finance institution approved to service mortgage
loans for either FNMA or FHLMC, having a net worth of not less
than $10,000,000, as the successor to the Company hereunder in
the assumption of all or any part of the responsibilities, duties
or liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession. The
Trustee may delegate any obligation in its capacity as successor
to the Company as servicer to an agent or an affiliate.
(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. If the Trustee is acting as successor to
the Company in its capacity as servicer, the Trustee shall use
the same degree of care and skill in such capacity as the Company
is required to use pursuant to this Agreement.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
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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 computations and opinions expressed therein,
upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable
for an error of judgment made in good faith by a
Responsible Officer of the Trustee, unless it shall be
proved that the Trustee was negligent in performing its
duties in accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable
with respect to any action taken, suffered or omitted
to be taken by it in good faith in accordance with the
direction of the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%,
relating to the time, method and place of conducting
any proceeding for any remedy available to the Trustee,
or exercising any trust or power conferred upon the
Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with
knowledge of (A) any failure by the Company to comply
with the obligations of the Company referred to in
clauses (i) and (ii) of Section 7.01, (B) the rating
downgrade referred to in the definition of "Trigger
Event" or (C) any failure by the Company to comply with
the obligations of the Company to record the
assignments of Mortgages referred to in Section 2.01
unless a Responsible Officer of the Trustee at the
Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee
receives written notice of such failures, occurrence or
downgrade from the Company or the Holders of
Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating
not less than 25%.
Subject to any obligation of the Trustee as successor
servicer hereunder to make Monthly Advances as provided herein,
the Trustee shall not be required to expend or risk its own
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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. Nothing in this Agreement shall be
construed to impose any obligation of the Company in its capacity
as seller upon the Trustee.
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, Servicer'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
written advice of such counsel or 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 advice or Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by
this Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the
request, order or direction of any of the
Certificateholders, pursuant to the provisions of this
Agreement, unless such Certificateholders shall have
offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities which may
be incurred therein or thereby; nothing contained
herein shall, however, relieve the Trustee of the
obligations, upon the occurrence of an Event of Default
(which has not been cured), to exercise such of the
rights and powers vested in it by this Agreement, and
to use the same degree of care and skill in their
exercise as a prudent person would exercise or use
under the circumstances in the conduct of his or her
own affairs;
(iv) The Trustee shall not be personally liable
for any action taken, suffered or omitted by it in good
faith and believed by it to be authorized or within the
discretion or rights or powers conferred upon it by
this Agreement;
(v) Prior to the occurrence of an Event of Default
and after the curing of all Events of Default which may
have occurred, the Trustee shall not be bound to
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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 and may transact business with the
Company, GECC and their respective affiliates with the same
rights as it would have if it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by it in the execution
of the trusts hereby created and in the exercise and performance
of any of the powers and duties hereunder of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the
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Trustee in accordance with any of the provisions of this
Agreement (including the reasonable compensation and the expenses
and disbursements of its counsel and of all persons not regularly
in its employ) except any such expense, disbursement or advance
as may arise from its negligence or bad faith or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit the Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee. The
Trustee hereunder shall at all times be a national banking
association or corporation having its principal office either in
the State of New York or in the same state as that in which the
initial Trustee under this Agreement has its principal office and
organized and doing business under the laws of such State or the
United States of America, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of
at least $50,000,000 and subject to supervision or examination by
federal or state authority. If such corporation publishes reports
of condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
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such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the basis for any rating
downgrade as contemplated by the Rating Agencies and shall also
indicate the manner in which such proposed action is intended to
avoid such downgrade. If it removes the Trustee under the
authority of the immediately preceding sentence, the Company
shall promptly appoint a successor trustee by written instrument,
in duplicate, one copy of which instrument shall be delivered to
the Trustee so removed and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
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.
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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.
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
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instrument of appointment, either jointly with the
Trustee or separately, as may be provided therein, subject to all
the provisions of this Agreement, specifically including every
provision of this Agreement relating to the conduct of, affecting
the liability of, or affording protection to, the Trustee. Every
such instrument shall be filed with the Trustee and a copy
thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC and the Lower Tier REMIC
from failing to qualify as a REMIC and to prevent the imposition
of a tax on the Trust Fund or such REMICs. 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
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 Net Mortgage 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
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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 Principal Balance of the Outstanding Mortgage
Loans, at the time of any such repurchase, aggregating less than
10 percent of the aggregate of the Principal Balance of the
Mortgage Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01 or Section 2.05(d), as the case may be. 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 each of the Upper
Tier REMIC and the Lower Tier 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 either of the
Upper Tier REMIC or the Lower Tier REMIC as defined in section
860F of the Code, or (ii) cause either of the Upper Tier REMIC or
the Lower Tier REMIC 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 either the Upper Tier REMIC or the Lower Tier 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 each of
the Upper Tier REMIC and the Lower Tier REMIC, the Trustee will
attach a statement specifying the date of the adoption of the
plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be amended
from time to time by the Company and the Trustee, without the
consent of any of the Certificateholders, to cure any ambiguity,
to correct or supplement any provisions herein or therein which
may be defective or inconsistent with any other provisions
herein, or to surrender any right or power herein conferred upon
the Company, or to add any other provisions with respect to
matters or questions arising under this Agreement, which shall
not be materially inconsistent with the provisions of this
Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of each of
the Upper Tier REMIC and the Lower Tier REMIC as a REMIC under
the Code or to avoid or minimize the risk of the imposition of
any tax on the Trust Fund pursuant
90
<PAGE>
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 either of the Upper Tier REMIC or the
Lower Tier REMIC to fail to qualify as a REMIC at any time that
any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This Agreement
is subject to recordation in all appropriate public offices for
real property records in all the counties or other comparable
jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public
recording office or elsewhere, such recordation to be effected by
the Company and at its expense on direction by the Trustee, but
only upon direction
91
<PAGE>
of the Trustee accompanied by an Opinion of
Counsel to the effect that such recordation materially and
beneficially affects the interests of Certificateholders.
For the purpose of facilitating the recordation of this
Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
Section 10.03. Limitation on Rights of
Certificateholders. The death or incapacity of any
Certificateholder shall not operate to terminate this Agreement
or the Trust Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any
action or commence any proceeding in any court for a partition or
winding up of the Trust Fund, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, or the
obligations of the parties hereto, nor shall anything herein set
forth, or contained in the terms of the Certificates, be
construed so as to constitute the Certificateholders from time to
time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice 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.
92
<PAGE>
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 The First National
Bank of Chicago, One First National Plaza, Suite 0126, Chicago,
Illinois 60670-0126, Attention: Corporate Trust Services, (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 Moody's, to Moody's
Investors Service, Inc., 99 Church Street, New York, New York
10007, Attention: Home Equity Monitoring 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 Trigger Event; change
in or termination of the Trustee; removal of the Company or any
successor servicer as servicer; repurchase or replacement of any
Defective Mortgage Loan pursuant to Section 2.03; and final
payment to Certificateholders. In addition, the Company shall
deliver copies of the following documents to each Rating Agency
at the time such documents are required to be delivered pursuant
to this Agreement: monthly statements to Certificateholders
pursuant to Section 4.05, annual report of independent
accountants pursuant to Section 3.13 and annual servicer
compliance report pursuant to Section 3.12. Notwithstanding the
foregoing, the failure to deliver such notices or copies shall
not constitute an Event of Default under this Agreement.
Section 10.07. Severability of Provisions. If any one
or more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully
Paid. It is the intention of the Trustee that Certificateholders
shall not be personally liable for obligations of the 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
93
<PAGE>
execution, countersignature and delivery thereof by the
Trustee are and shall be deemed fully paid.
* * *
94
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
[SEAL]
Attest:
By:___________________
Name:
Title:
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
By:________________________________
Name:
Title:
[SEAL]
Attest:
By:___________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss. :
County of Camden )
On the day of June, 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 State of Illinois )
) ss. :
County of Cook )
On the day of June, 1998 before me, a notary
public in and for the State of Illinois, 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 The First National Bank of Chicago,
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>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A1 Certificate
Principal Balance:
Class A1 $59,500,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.3650% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RHP3
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE2, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
<PAGE>
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 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
<PAGE>
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 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 R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
<PAGE>
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:________________________________
Name:
Title:
Date:__________________
<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.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A2 Certificate
Principal Balance:
Class A2 $21,500,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.1050% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHQ1
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A3 Certificate
Principal Balance:
Class A3 $27,600,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.1800% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHR9
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A4 Certificate
Principal Balance:
Class A4 $13,400,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.2750% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHS7
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A5 Certificate
Principal Balance:
Class A5 $15,100,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.3150% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHT5
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A6 Certificate
Principal Balance:
Class A6 $23,478,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHU2
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A6 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A7 Certificate
Principal Balance:
Class A7 $17,800,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.2150% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHV0
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A7 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<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 R1 CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE LOWER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
<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.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R1 Certificate
Principal Balance:
Class R1 $500.00
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RLE3
July 27, 1998
<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 R1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE2, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
<PAGE>
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 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
<PAGE>
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 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 R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
<PAGE>
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:
-------------------------------
Name:
Title:
Date:
----------------
<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.
<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 R2 CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE UPPER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
<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.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R2 Certificate
Principal Balance:
Class R2 $500.00
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RLF0
July 27, 1998
<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 R2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<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).
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.
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>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class M Certificate
Principal Balance:
Class M $4,861,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHW8
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<PAGE>
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE2, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
<PAGE>
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 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
<PAGE>
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 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 R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
<PAGE>
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:
-------------------------------
Name:
Title:
Date:
------------------
<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.
<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).
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.
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>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $4,375,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHX6
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<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).
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.
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>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B2 Certificate
Principal Balance:
Class B2 $1,945,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHY4
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., 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 July 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
<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.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $1,945,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RHZ1
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998 the
"Agreement") between the Company and The First National Bank of
Chicago, N.A., 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 July 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
<PAGE>
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE2, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
<PAGE>
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 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
<PAGE>
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 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 R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
<PAGE>
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:
------------------------------
Name:
Title:
Date:
----------------
<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.
<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:
<PAGE>
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
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)
<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.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B4 Certificate
Principal Balance:
Class B4 $1,459,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RJA4
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998 the
"Agreement") between the Company and The First National Bank of
Chicago, N.A., 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 July 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
<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.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B5 Certificate
Principal Balance:
Class B5 $1,459,719.67
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RJB2
July 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity 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 June 1, 1998 the
"Agreement") between the Company and The First National Bank of
Chicago, N.A., 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 July 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
<PAGE>
EXHIBIT B
[Omitted]
<PAGE>
EXHIBIT C
MORTGAGE LOANS
Each Mortgage Loan shall be identified by loan number,
address of the Mortgaged Property and name of the Mortgagor. The
following details shall be set forth as to each Mortgage Loan:
(i) the principal balance at the time of its origination, (ii)
the 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
(and Combined Loan to Value Ratio, if applicable), (vi) the
maturity date of the Mortgage Note and (vii) the Servicing Fee
Rate for such Mortgage Loan.
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000020643961
LAST_NAME URQUHART
ADDRESS 6502&04 BRAINARD STREET
CITY PITTSBURGH
STATE PA
ZIP 152060000
MORT $ 40,310.00
BAL $ 39,919.14
RATE 10.750
PAI $ 377.16
CLTV 73.290
MATURITY 231124
FEE 0.5000
LOAN 0000020877056
LAST_NAME GAUD
ADDRESS 2139 N LAMON
CITY CHICAGO
STATE IL
ZIP 606390000
MORT $126,600.00
BAL $ 119,855.46
RATE 10.750
PAI $ 1,285.28
CLTV 82.207
MATURITY 150417
FEE 0.5000
LOAN 0000021599741
LAST_NAME DUNCAN
ADDRESS 5819 COLUMBIA RD
CITY MASON
STATE OH
ZIP 450400000
MORT $ 72,000.00
BAL $ 71,490.83
RATE 9.990
PAI $ 631.32
CLTV 90.000
MATURITY 120201
FEE 0.5000
LOAN 0000021635339
LAST_NAME WITTMAN
ADDRESS 191 DOEWOOD LN
CITY ROCHESTER
STATE NY
ZIP 146060000
MORT $ 85,500.00
BAL $ 83,161.53
RATE 8.990
PAI $ 768.72
CLTV 79.166
MATURITY 161220
FEE 0.5000
LOAN 0000021649447
LAST_NAME SPENCER
ADDRESS 171 OHIO AVE
CITY PATASKULA
STATE OH
ZIP 430620000
MORT $ 62,400.00
BAL $ 61,733.92
RATE 9.050
PAI $ 504.34
CLTV 80.000
MATURITY 120201
FEE 0.5000
LOAN 0000021660477
LAST_NAME GAMBLE
ADDRESS 5504 GODWIN BLVD
CITY SUFFOLK
STATE VA
ZIP 234340000
MORT $ 77,850.00
BAL $ 77,351.58
RATE 10.500
PAI $ 712.12
CLTV 90.000
MATURITY 120401
FEE 0.5000
LOAN 0000021663356
LAST_NAME TRASK
ADDRESS 15321 RANDI COURT
CITY PRAIRIEVILL
STATE LA
ZIP 707690000
MORT $164,000.00
BAL $ 163,338.56
RATE 8.850
PAI $ 1,301.92
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021697081
LAST_NAME KUMER
ADDRESS 3701 GRANBY STREET
CITY NORFOLK
STATE VA
ZIP 235040000
MORT $ 25,000.00
BAL $ 22,547.45
RATE 10.375
PAI $ 274.42
CLTV 69.928
MATURITY 120124
FEE 0.5000
LOAN 0000021699871
LAST_NAME HOUGH
ADDRESS 6925 67TH ST SOUTH
CITY BIRMINGHAM
STATE AL
ZIP 352120000
MORT $ 52,125.00
BAL $ 51,758.50
RATE 9.650
PAI $ 444.01
CLTV 75.000
MATURITY 270207
FEE 0.5000
LOAN 0000021714241
LAST_NAME WILLIAMSON
ADDRESS 202 S 4TH STREET
CITY YANCEYVILLE
STATE NC
ZIP 273790000
MORT $ 25,840.00
BAL $ 25,249.83
RATE 8.700
PAI $ 227.53
CLTV 68.000
MATURITY 170409
FEE 0.5000
LOAN 0000021718267
LAST_NAME MCNAY
ADDRESS 15901 MADISON PIKE
CITY DEMOSSVILLE
STATE KY
ZIP 410330000
MORT $ 30,000.00
BAL $ 28,671.50
RATE 9.200
PAI $ 307.86
CLTV 42.857
MATURITY 111223
FEE 0.5000
LOAN 0000021719224
LAST_NAME PARKER
ADDRESS 180 COUNTY ROAD #111
CITY BREMEN
STATE AL
ZIP 350330000
MORT $ 49,500.00
BAL $ 47,642.55
RATE 9.500
PAI $ 516.89
CLTV 51.562
MATURITY 120302
FEE 0.5000
LOAN 0000021741301
LAST_NAME MCCULLOUGH
ADDRESS 671 FRANCIS AVENUE COURT
CITY TERRE HAUTE
STATE IN
ZIP 478040000
MORT $ 46,000.00
BAL $ 44,174.40
RATE 8.750
PAI $ 459.75
CLTV 50.000
MATURITY 120319
FEE 0.5000
LOAN 0000021744883
LAST_NAME ARMELLINO
ADDRESS 37 NORTH SHORE ROAD
CITY DENVILLE
STATE NJ
ZIP 078340000
MORT $284,000.00
BAL $ 282,209.97
RATE 8.950
PAI $ 2,274.92
CLTV 80.000
MATURITY 120601
FEE 0.5000
LOAN 0000021746839
LAST_NAME TAYLOR
ADDRESS 311 UNIVERSITY AVENUE
CITY CINCINNATI
STATE OH
ZIP 452190000
MORT $ 58,500.00
BAL $ 55,980.48
RATE 10.340
PAI $ 640.87
CLTV 90.000
MATURITY 120310
FEE 0.5000
LOAN 0000021746920
LAST_NAME SMITH
ADDRESS 4304 FAIRHOPE DRIVE
CITY INDIANAPOLI
STATE IN
ZIP 462370000
MORT $ 15,900.00
BAL $ 15,276.51
RATE 9.750
PAI $ 168.44
CLTV 77.047
MATURITY 120305
FEE 0.5000
LOAN 0000021747464
LAST_NAME STEFFENS
ADDRESS 5 LOVELAND PLACE
CITY WAYLAND
STATE NY
ZIP 145720000
MORT $ 40,800.00
BAL $ 38,907.43
RATE 9.550
PAI $ 427.28
CLTV 80.000
MATURITY 111205
FEE 0.5000
LOAN 0000021751946
LAST_NAME CUNY
ADDRESS 1930 GRAND AVE
CITY OROVILLE
STATE CA
ZIP 959650000
MORT $ 57,800.00
BAL $ 57,470.98
RATE 9.450
PAI $ 483.91
CLTV 85.000
MATURITY 120509
FEE 0.5000
LOAN 0000021795273
LAST_NAME WARNETT
ADDRESS 701 CHANESE LN
CITY GALLOWAY TO
STATE NJ
ZIP 082010000
MORT $ 89,250.00
BAL $ 87,224.77
RATE 8.750
PAI $ 788.71
CLTV 85.000
MATURITY 170310
FEE 0.5000
LOAN 0000021798830
LAST_NAME BURKS
ADDRESS 2220 LYNNCHESTER CIRCLE
CITY BIRMINGHAM
STATE AL
ZIP 352160000
MORT $119,600.00
BAL $ 116,725.96
RATE 9.750
PAI $ 1,267.00
CLTV 80.000
MATURITY 120801
FEE 0.5000
LOAN 0000021800172
LAST_NAME DALLING
ADDRESS 124 PRATT ST
CITY FAIRFIELD
STATE CT
ZIP 064300000
MORT $185,000.00
BAL $ 182,376.47
RATE 10.500
PAI $ 1,847.00
CLTV 83.146
MATURITY 170601
FEE 0.5000
LOAN 0000021804687
LAST_NAME WILLIAMS
ADDRESS 2400 FIRE AVE
CITY MEDFORD
STATE NY
ZIP 117630000
MORT $ 92,000.00
BAL $ 90,422.34
RATE 9.990
PAI $ 887.21
CLTV 80.000
MATURITY 170627
FEE 0.5000
LOAN 0000021807466
LAST_NAME WHITE
ADDRESS 2743 MOTT AVENUE
CITY WATERFORD
STATE MI
ZIP 483280000
MORT $ 50,700.00
BAL $ 48,946.69
RATE 9.850
PAI $ 540.18
CLTV 66.710
MATURITY 120501
FEE 0.5000
LOAN 0000021809157
LAST_NAME WOODBURY
ADDRESS 2410 ANASTASIA DRIVE
CITY S. DAYTONA
STATE FL
ZIP 321190000
MORT $ 45,000.00
BAL $ 43,792.45
RATE 10.350
PAI $ 493.25
CLTV 90.000
MATURITY 120613
FEE 0.5000
LOAN 0000021812094
LAST_NAME SAARE
ADDRESS 1157 SODOM-HUTCHINGS RD
CITY VIENNA
STATE OH
ZIP 444730000
MORT $104,000.00
BAL $ 103,515.23
RATE 10.950
PAI $ 986.49
CLTV 80.000
MATURITY 270529
FEE 0.5000
LOAN 0000021817762
LAST_NAME TIMM
ADDRESS 319 S. LAKE STREET
CITY FOREST LAKE
STATE MN
ZIP 550250000
MORT $ 29,400.00
BAL $ 29,175.46
RATE 11.650
PAI $ 316.58
CLTV 74.829
MATURITY 170912
FEE 0.5000
LOAN 0000021818109
LAST_NAME COLLINS
ADDRESS 9 NELSON STREET
CITY JAMESTOWN
STATE OH
ZIP 453350000
MORT $ 73,600.00
BAL $ 73,126.86
RATE 9.790
PAI $ 634.50
CLTV 80.000
MATURITY 120501
FEE 0.5000
LOAN 0000021831755
LAST_NAME FAUSTIN
ADDRESS 1789 NW 93RD TERRACE
CITY MIAMI
STATE FL
ZIP 331470000
MORT $ 50,400.00
BAL $ 50,145.73
RATE 9.550
PAI $ 425.63
CLTV 70.000
MATURITY 120624
FEE 0.5000
LOAN 0000021833546
LAST_NAME GRAHAM
ADDRESS 4256 MAPLE STREET
CITY OMAHA
STATE NE
ZIP 681110000
MORT $ 32,000.00
BAL $ 31,724.29
RATE 9.500
PAI $ 298.28
CLTV 78.048
MATURITY 171013
FEE 0.5000
LOAN 0000021834437
LAST_NAME CARDENAS
ADDRESS 74 CLARK LANE
CITY STATEN ISLA
STATE NY
ZIP 103040000
MORT $ 16,500.00
BAL $ 16,500.00
RATE 9.400
PAI $ 171.31
CLTV 67.865
MATURITY 130527
FEE 0.5000
LOAN 0000021843727
LAST_NAME WILLIAMS
ADDRESS 8360 COMPTON ST
CITY INDIANAPOLI
STATE IN
ZIP 462400000
MORT $ 28,000.00
BAL $ 27,145.04
RATE 9.750
PAI $ 296.63
CLTV 79.936
MATURITY 120610
FEE 0.5000
LOAN 0000021846365
LAST_NAME HARLEY
ADDRESS 2152 WOODVILLLE PIKE
CITY GOSHEN TOWN
STATE OH
ZIP 451220000
MORT $ 35,000.00
BAL $ 34,165.56
RATE 9.650
PAI $ 368.66
CLTV 53.585
MATURITY 121001
FEE 0.5000
LOAN 0000021846829
LAST_NAME SAMPSON
ADDRESS 1800 CASE ST
CITY LUMBERTON
STATE NC
ZIP 283580000
MORT $ 87,750.00
BAL $ 87,342.67
RATE 9.950
PAI $ 766.83
CLTV 90.000
MATURITY 120630
FEE 0.5000
LOAN 0000021847033
LAST_NAME SETTLE
ADDRESS 942 PRIMROSE DR
CITY LAWRENCEBUR
STATE IN
ZIP 470250000
MORT $ 76,000.00
BAL $ 75,647.19
RATE 9.950
PAI $ 664.15
CLTV 80.000
MATURITY 120630
FEE 0.5000
LOAN 0000021847280
LAST_NAME SMITH
ADDRESS 2209 EAST 51ST STREET
CITY SIOUX FALLS
STATE SD
ZIP 571030000
MORT $130,400.00
BAL $ 129,560.67
RATE 10.050
PAI $ 1,149.17
CLTV 79.030
MATURITY 120804
FEE 0.5000
LOAN 0000021849781
LAST_NAME ARROYO
ADDRESS 2537 W HADDON
CITY CHICAGO
STATE IL
ZIP 606220000
MORT $ 13,500.00
BAL $ 12,783.00
RATE 10.990
PAI $ 185.89
CLTV 84.625
MATURITY 70701
FEE 0.5000
LOAN 0000021855002
LAST_NAME ZACKERY
ADDRESS 1963 CINDY DRIVE PLACE
CITY DECATUR
STATE GA
ZIP 300320000
MORT $ 47,000.00
BAL $ 46,614.38
RATE 8.700
PAI $ 468.36
CLTV 63.513
MATURITY 130126
FEE 0.5000
LOAN 0000021859962
LAST_NAME WOLF
ADDRESS 680 WYNGATE LANE
CITY BUFFALO GRO
STATE IL
ZIP 600890000
MORT $208,250.00
BAL $ 207,388.77
RATE 10.900
PAI $ 1,967.49
CLTV 85.000
MATURITY 120901
FEE 0.5000
LOAN 0000021860622
LAST_NAME LANCASTER
ADDRESS 674 AZALEA DR,UNIT5-674-C
CITY ROCKVILLE
STATE MD
ZIP 208500000
MORT $ 58,300.00
BAL $ 58,209.51
RATE 13.900
PAI $ 686.17
CLTV 43.185
MATURITY 120901
FEE 0.5000
LOAN 0000021866116
LAST_NAME ANDEL
ADDRESS 912 SMITH DR.
CITY METAIRIE
STATE LA
ZIP 700050000
MORT $ 84,300.00
BAL $ 83,972.80
RATE 9.700
PAI $ 721.18
CLTV 66.904
MATURITY 270901
FEE 0.5000
LOAN 0000021870449
LAST_NAME DIXON
ADDRESS 1270 STATE ROAD
CITY LINCOLN UNI
STATE PA
ZIP 193520000
MORT $180,000.00
BAL $ 177,443.59
RATE 9.990
PAI $ 1,735.85
CLTV 74.380
MATURITY 170731
FEE 0.5000
Page 1
<PAGE>
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021870514
LAST_NAME HUFFMAN
ADDRESS 1300 MONROE ST.
CITY ROCHESTER
STATE IN
ZIP 469750000
MORT $ 48,800.00
BAL $ 47,443.85
RATE 10.990
PAI $ 554.36
CLTV 80.000
MATURITY 120430
FEE 0.5000
LOAN 0000021873328
LAST_NAME DOMBROW
ADDRESS 1903 TANGLEVINE DRIVE
CITY WESLEY CHAP
STATE FL
ZIP 335430000
MORT $125,100.00
BAL $ 122,903.18
RATE 9.100
PAI $ 1,133.62
CLTV 79.177
MATURITY 170801
FEE 0.5000
LOAN 0000021874243
LAST_NAME HALL
ADDRESS 3344 NORTH GUILFORD AVENU
CITY INDIANAPOLI
STATE IN
ZIP 462050000
MORT $ 54,600.00
BAL $ 53,220.04
RATE 9.900
PAI $ 583.40
CLTV 70.000
MATURITY 120707
FEE 0.5000
LOAN 0000021875000
LAST_NAME CORBIN
ADDRESS 35949 THREE NOTCH ROAD
CITY RIDGE
STATE MD
ZIP 206800000
MORT $ 34,000.00
BAL $ 33,859.67
RATE 9.990
PAI $ 298.13
CLTV 53.968
MATURITY 120726
FEE 0.5000
LOAN 0000021875307
LAST_NAME LAY
ADDRESS 3304 GAMBLE AVE.
CITY CINCINNATI
STATE OH
ZIP 452110000
MORT $ 91,800.00
BAL $ 91,493.65
RATE 10.990
PAI $ 873.54
CLTV 90.000
MATURITY 120715
FEE 0.5000
LOAN 0000021875653
LAST_NAME ALBERT
ADDRESS 175 PARLIN LANE
CITY WATCHUNG
STATE NJ
ZIP 070600000
MORT $393,000.00
BAL $ 391,125.54
RATE 8.750
PAI $ 3,091.74
CLTV 69.557
MATURITY 120903
FEE 0.5000
LOAN 0000021875695
LAST_NAME SHEDRICK
ADDRESS 3612 ARCHER AVENUE
CITY CHARLOTTE
STATE NC
ZIP 282170000
MORT $ 49,600.00
BAL $ 48,330.49
RATE 8.500
PAI $ 488.44
CLTV 80.000
MATURITY 120801
FEE 0.5000
LOAN 0000021876602
LAST_NAME PYLE
ADDRESS 218 E VINE ST
CITY TOULON
STATE IL
ZIP 614830000
MORT $ 42,500.00
BAL $ 42,303.34
RATE 9.750
PAI $ 365.15
CLTV 85.000
MATURITY 120808
FEE 0.5000
LOAN 0000021877741
LAST_NAME SANCHEZ
ADDRESS 15400 SW 305TH STREET
CITY MIAMI
STATE FL
ZIP 330330000
MORT $ 74,800.00
BAL $ 74,570.31
RATE 11.375
PAI $ 733.61
CLTV 85.000
MATURITY 270801
FEE 0.5000
LOAN 0000021878178
LAST_NAME WELLS
ADDRESS 5238 LEXINGTON PK CIR N
CITY MEMPHIS
STATE TN
ZIP 381200000
MORT $237,133.00
BAL $ 235,684.07
RATE 8.500
PAI $ 1,823.35
CLTV 70.575
MATURITY 120708
FEE 0.5000
LOAN 0000021879416
LAST_NAME JOHNSEY
ADDRESS 7839 HYMAN DRIVE
CITY BARTLETT
STATE TN
ZIP 381330000
MORT $ 98,400.00
BAL $ 97,101.28
RATE 8.750
PAI $ 869.58
CLTV 80.000
MATURITY 170729
FEE 0.5000
LOAN 0000021879465
LAST_NAME BRAY
ADDRESS 501 CHURCH STREET
CITY KIPTON
STATE OH
ZIP 440490000
MORT $ 32,000.00
BAL $ 31,280.86
RATE 9.990
PAI $ 343.68
CLTV 32.989
MATURITY 120730
FEE 0.5000
LOAN 0000021879820
LAST_NAME GIAMBRONE
ADDRESS 18229 AUTMN RUN DR
CITY PRAIRIEVILL
STATE LA
ZIP 707690000
MORT $ 92,250.00
BAL $ 91,975.17
RATE 9.550
PAI $ 779.06
CLTV 90.000
MATURITY 121101
FEE 0.5000
LOAN 0000021880141
LAST_NAME ARENS
ADDRESS 36703 NILES DR
CITY ZEPHYRHILLS
STATE FL
ZIP 335410000
MORT $ 28,500.00
BAL $ 27,832.25
RATE 9.850
PAI $ 303.66
CLTV 55.882
MATURITY 120721
FEE 0.5000
LOAN 0000021881156
LAST_NAME MCROY
ADDRESS 4950 SPRUCE ST.
CITY SEBRING
STATE FL
ZIP 338720000
MORT $ 10,000.00
BAL $ 9,849.48
RATE 11.550
PAI $ 117.14
CLTV 75.912
MATURITY 120923
FEE 0.5000
LOAN 0000021881206
LAST_NAME SHERMAN
ADDRESS 30 LOWER WRIGHT STREET
CITY HUDSON FALL
STATE NY
ZIP 128390000
MORT $ 30,000.00
BAL $ 29,582.92
RATE 8.990
PAI $ 269.72
CLTV 66.666
MATURITY 170827
FEE 0.5000
LOAN 0000021885520
LAST_NAME SCRIVNER
ADDRESS 67 S MONTEREY STREET
CITY MOBILE
STATE AL
ZIP 366040000
MORT $ 80,000.00
BAL $ 79,708.96
RATE 9.350
PAI $ 663.95
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021885819
LAST_NAME GONZALES
ADDRESS 5044 CARMELLIA STREET
CITY STOCKTON
STATE CA
ZIP 952150000
MORT $ 52,000.00
BAL $ 51,228.69
RATE 9.600
PAI $ 441.04
CLTV 82.539
MATURITY 120701
FEE 0.5000
LOAN 0000021888003
LAST_NAME KACZOROWSKI
ADDRESS 8466 ALLEN RD
CITY ALLEN PARK
STATE MI
ZIP 481010000
MORT $140,250.00
BAL $ 139,670.66
RATE 9.400
PAI $ 1,169.08
CLTV 85.000
MATURITY 120901
FEE 0.5000
LOAN 0000021888193
LAST_NAME WEBER
ADDRESS 14824 CHAPEL
CITY DETROIT
STATE MI
ZIP 482230000
MORT $ 19,950.00
BAL $ 19,687.99
RATE 10.000
PAI $ 175.08
CLTV 70.000
MATURITY 120901
FEE 0.5000
LOAN 0000021891692
LAST_NAME EASTON
ADDRESS 7326 S BELL
CITY CHICAGO
STATE IL
ZIP 606360000
MORT $ 54,400.00
BAL $ 54,240.96
RATE 10.390
PAI $ 493.15
CLTV 80.000
MATURITY 270904
FEE 0.5000
LOAN 0000021892963
LAST_NAME JOHNSON
ADDRESS 182 LAKE ROAD
CITY MORRIS TOWN
STATE NJ
ZIP 079600000
MORT $318,600.00
BAL $ 310,668.25
RATE 10.650
PAI $ 3,551.49
CLTV 90.000
MATURITY 120701
FEE 0.5000
LOAN 0000021895032
LAST_NAME WHELESS
ADDRESS 965 WEST RIVER ROAD
CITY LOUISBURG
STATE NC
ZIP 275490000
MORT $ 20,000.00
BAL $ 19,278.51
RATE 9.700
PAI $ 260.99
CLTV 62.500
MATURITY 71101
FEE 0.5000
LOAN 0000021895412
LAST_NAME EVERSON
ADDRESS 60 ORMOND ST
CITY WEST HAVEN
STATE CT
ZIP 065160000
MORT $ 38,740.00
BAL $ 38,474.02
RATE 11.250
PAI $ 406.49
CLTV 84.913
MATURITY 171001
FEE 0.5000
LOAN 0000021895883
LAST_NAME KEGERREIS-JA
ADDRESS 7131 EDINBURGH DR
CITY LAMBERTVILL
STATE MI
ZIP 481440000
MORT $168,000.00
BAL $ 166,431.68
RATE 8.750
PAI $ 1,321.66
CLTV 80.000
MATURITY 120820
FEE 0.5000
LOAN 0000021896212
LAST_NAME FREY
ADDRESS 6360 LAKESHORE RD. SOUTH
CITY CANASTOTA
STATE NY
ZIP 130320000
MORT $ 49,000.00
BAL $ 48,836.34
RATE 9.000
PAI $ 394.27
CLTV 79.934
MATURITY 121201
FEE 0.5000
LOAN 0000021898242
LAST_NAME FLEMING
ADDRESS 2257 W COMMERCE ROAD
CITY MILFORD
STATE MI
ZIP 483800000
MORT $129,600.00
BAL $ 129,098.34
RATE 9.050
PAI $ 1,047.46
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021899646
LAST_NAME BURFEINDT,
ADDRESS 43 ALDER STREET
CITY JAY
STATE NY
ZIP 129410000
MORT $ 20,000.00
BAL $ 19,929.13
RATE 8.500
PAI $ 153.79
CLTV 59.701
MATURITY 280401
FEE 0.5000
LOAN 0000021900444
LAST_NAME MCCLENDON
ADDRESS 8644 COUNTY ROAD 223
CITY HANCEVILLE
STATE AL
ZIP 350770000
MORT $ 60,000.00
BAL $ 59,309.45
RATE 10.250
PAI $ 588.99
CLTV 80.000
MATURITY 170901
FEE 0.5000
LOAN 0000021901020
LAST_NAME RIVERA
ADDRESS 3319 W EVERGREEN AVE
CITY CHICAGO
STATE IL
ZIP 606510000
MORT $128,000.00
BAL $ 127,532.56
RATE 9.990
PAI $ 1,122.35
CLTV 80.000
MATURITY 120901
FEE 0.5000
LOAN 0000021901160
LAST_NAME ROSS
ADDRESS 26587 WOLVERINE STREET
CITY MADISON HEI
STATE MI
ZIP 480710000
MORT $ 76,500.00
BAL $ 76,315.52
RATE 10.550
PAI $ 702.64
CLTV 85.000
MATURITY 271101
FEE 0.5000
LOAN 0000021901426
LAST_NAME TYLER
ADDRESS 85 BROOKS STREET
CITY MAYNARD
STATE MA
ZIP 017540000
MORT $106,400.00
BAL $ 106,153.02
RATE 9.850
PAI $ 921.96
CLTV 80.000
MATURITY 121014
FEE 0.5000
LOAN 0000021901459
LAST_NAME GRANT
ADDRESS 98 BARTON STREET
CITY ROCHESTER
STATE NY
ZIP 146110000
MORT $ 25,700.00
BAL $ 24,901.04
RATE 9.990
PAI $ 276.02
CLTV 53.541
MATURITY 120905
FEE 0.5000
LOAN 0000021902325
LAST_NAME SZEMAN
ADDRESS 5779 COUNTY ROAD
CITY HAMILTON
STATE IN
ZIP 467420000
MORT $ 27,700.00
BAL $ 27,195.95
RATE 10.990
PAI $ 314.66
CLTV 84.912
MATURITY 120904
FEE 0.5000
LOAN 0000021902481
LAST_NAME COOK
ADDRESS 540 VALLEYVIEW DR
CITY HAMILTON
STATE AL
ZIP 355700000
MORT $100,000.00
BAL $ 99,536.95
RATE 10.350
PAI $ 903.54
CLTV 83.333
MATURITY 270904
FEE 0.5000
LOAN 0000021902648
LAST_NAME CHAVEZ
ADDRESS 15328 NADINE DRIVE
CITY FRASER
STATE MI
ZIP 480260000
MORT $ 40,000.00
BAL $ 38,433.99
RATE 10.500
PAI $ 539.74
CLTV 81.466
MATURITY 70910
FEE 0.5000
LOAN 0000021902689
LAST_NAME CUMMINS
ADDRESS 91 CHAMBERLAIN PLACE
CITY MIDLAND PAR
STATE NJ
ZIP 074320000
MORT $ 45,500.00
BAL $ 43,937.39
RATE 9.550
PAI $ 425.61
CLTV 30.333
MATURITY 170829
FEE 0.5000
LOAN 0000021904024
LAST_NAME BOWLES
ADDRESS 5508 CORDONA STREET
CITY LANHAM
STATE MD
ZIP 207060000
MORT $ 94,000.00
BAL $ 92,458.99
RATE 9.500
PAI $ 876.20
CLTV 70.149
MATURITY 170801
FEE 0.5000
LOAN 0000021905716
LAST_NAME LOPEZ
ADDRESS 1525 HARDING PARK
CITY BRONX
STATE NY
ZIP 104730000
MORT $ 90,000.00
BAL $ 89,101.27
RATE 9.950
PAI $ 865.54
CLTV 77.586
MATURITY 170901
FEE 0.5000
LOAN 0000021906128
LAST_NAME CALAJOE
ADDRESS 54 LINCOLN AVENUE
CITY PEARL RIVER
STATE NY
ZIP 109650000
MORT $ 30,000.00
BAL $ 29,617.53
RATE 10.500
PAI $ 274.42
CLTV 66.579
MATURITY 120901
FEE 0.5000
LOAN 0000021909254
LAST_NAME MAGEE
ADDRESS 516 SOUTH 45TH STREET
CITY PHILADELPHI
STATE PA
ZIP 191040000
MORT $ 49,700.00
BAL $ 49,700.00
RATE 8.750
PAI $ 439.21
CLTV 70.000
MATURITY 180518
FEE 0.5000
Page 2
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021909411
LAST_NAME LEACH
ADDRESS 3 CORTEZ COURT
CITY HAMPTON
STATE VA
ZIP 236660000
MORT $ 88,800.00
BAL $ 88,202.26
RATE 9.150
PAI $ 724.11
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021909833
LAST_NAME LLOYD
ADDRESS 20-41 ELK DR
CITY FAR ROCKAWA
STATE NY
ZIP 116940000
MORT $100,000.00
BAL $ 99,608.74
RATE 9.990
PAI $ 876.83
CLTV 80.000
MATURITY 270820
FEE 0.5000
LOAN 0000021910930
LAST_NAME JOHNSON
ADDRESS 2451 SHINING LIGHT CHURCH
CITY MONROE
STATE NC
ZIP 281100000
MORT $ 20,000.00
BAL $ 19,795.51
RATE 9.500
PAI $ 208.85
CLTV 77.795
MATURITY 121219
FEE 0.5000
LOAN 0000021912142
LAST_NAME ELLSWORTH
ADDRESS 161 CRATER LANE
CITY KENSINGTON
STATE CT
ZIP 060370000
MORT $ 55,000.00
BAL $ 54,870.20
RATE 12.625
PAI $ 592.34
CLTV 66.949
MATURITY 120721
FEE 0.5000
LOAN 0000021913090
LAST_NAME CROY
ADDRESS 136 W WALNUT ST
CITY BUTLER
STATE IN
ZIP 467210000
MORT $ 28,000.00
BAL $ 27,694.34
RATE 9.950
PAI $ 269.28
CLTV 80.000
MATURITY 170904
FEE 0.5000
LOAN 0000021913181
LAST_NAME SPOERL
ADDRESS 3666 RICHARD DR
CITY HAMILTON
STATE OH
ZIP 450150000
MORT $ 61,600.00
BAL $ 61,323.02
RATE 8.990
PAI $ 495.21
CLTV 80.000
MATURITY 120904
FEE 0.5000
LOAN 0000021913520
LAST_NAME WATERS
ADDRESS 11200 E CHEROKEE DR
CITY BALL GROUND
STATE GA
ZIP 301070000
MORT $ 30,000.00
BAL $ 29,544.48
RATE 9.700
PAI $ 316.90
CLTV 60.270
MATURITY 121101
FEE 0.5000
LOAN 0000021913710
LAST_NAME VAUGHAN
ADDRESS 104 VILLAGE DRIVE
CITY HENDERSON
STATE NC
ZIP 275360000
MORT $ 61,500.00
BAL $ 61,435.98
RATE 9.250
PAI $ 505.95
CLTV 83.108
MATURITY 280301
FEE 0.5000
LOAN 0000021914171
LAST_NAME RYAN
ADDRESS 2905 ROBERTA DR
CITY INDIANAPOLI
STATE IN
ZIP 462220000
MORT $ 30,500.00
BAL $ 29,184.86
RATE 8.750
PAI $ 382.25
CLTV 59.803
MATURITY 70805
FEE 0.5000
LOAN 0000021915657
LAST_NAME LESANE
ADDRESS 5234 5TH STREET N.W.
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $ 57,600.00
BAL $ 57,390.06
RATE 9.350
PAI $ 478.04
CLTV 54.857
MATURITY 121001
FEE 0.5000
LOAN 0000021916127
LAST_NAME WATSON
ADDRESS 4610 9TH ST., NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $103,000.00
BAL $ 102,612.60
RATE 9.850
PAI $ 892.51
CLTV 79.844
MATURITY 121022
FEE 0.5000
LOAN 0000021917463
LAST_NAME SPARKS
ADDRESS 328 MILTON AVE
CITY ANDERSON
STATE IN
ZIP 460120000
MORT $ 28,200.00
BAL $ 28,096.95
RATE 9.990
PAI $ 247.27
CLTV 44.761
MATURITY 120826
FEE 0.5000
LOAN 0000021917620
LAST_NAME JAMES
ADDRESS 3814 YANCEY RD
CITY DOUGLASVILL
STATE GA
ZIP 301350000
MORT $ 60,000.00
BAL $ 58,937.54
RATE 9.750
PAI $ 635.62
CLTV 48.000
MATURITY 121101
FEE 0.5000
LOAN 0000021919535
LAST_NAME WRIGHT
ADDRESS 246 FENIMORE STREET
CITY BROOKLYN
STATE NY
ZIP 112250000
MORT $ 85,000.00
BAL $ 84,715.49
RATE 9.750
PAI $ 730.29
CLTV 40.476
MATURITY 271006
FEE 0.5000
LOAN 0000021919568
LAST_NAME HINDS
ADDRESS 106-20 31ST AVE.
CITY E. ELMHURST
STATE NY
ZIP 113690000
MORT $153,600.00
BAL $ 152,648.01
RATE 9.750
PAI $ 1,319.67
CLTV 80.000
MATURITY 270923
FEE 0.5000
LOAN 0000021919881
LAST_NAME MCCANTS
ADDRESS 2933 W LEXINGTON
CITY CHICAGO
STATE IL
ZIP 606120000
MORT $ 31,000.00
BAL $ 30,655.32
RATE 7.850
PAI $ 224.24
CLTV 56.363
MATURITY 121222
FEE 0.5000
LOAN 0000021920921
LAST_NAME TUTINO
ADDRESS 109 WILSON BOULEVARD
CITY ISLIP
STATE NY
ZIP 117510000
MORT $ 44,000.00
BAL $ 43,443.55
RATE 9.850
PAI $ 468.80
CLTV 39.115
MATURITY 121201
FEE 0.5000
LOAN 0000021923677
LAST_NAME RICHARDS
ADDRESS 4611 HIGH MEADOW ROAD
CITY DURHAM
STATE NC
ZIP 277120000
MORT $ 68,400.00
BAL $ 67,632.54
RATE 8.900
PAI $ 611.03
CLTV 80.000
MATURITY 170924
FEE 0.5000
LOAN 0000021924592
LAST_NAME MOORE
ADDRESS 8675 GEORGETOWN ROAD
CITY CHESTERTOWN
STATE MD
ZIP 216200000
MORT $ 32,000.00
BAL $ 31,886.36
RATE 9.500
PAI $ 269.08
CLTV 72.727
MATURITY 121006
FEE 0.5000
LOAN 0000021924782
LAST_NAME DOVE
ADDRESS 5507 RUBIN AVENUE
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $ 39,400.00
BAL $ 37,449.96
RATE 8.990
PAI $ 498.89
CLTV 60.615
MATURITY 70903
FEE 0.5000
LOAN 0000021924824
LAST_NAME ALLEY
ADDRESS 7517 SPARROWS POINT BLVD
CITY BALTIMORE
STATE MD
ZIP 212190000
MORT $ 76,500.00
BAL $ 76,199.95
RATE 9.650
PAI $ 651.65
CLTV 80.526
MATURITY 270830
FEE 0.5000
LOAN 0000021924907
LAST_NAME DANIEL
ADDRESS 1811 M STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 30,000.00
BAL $ 29,897.70
RATE 10.890
PAI $ 283.21
CLTV 36.585
MATURITY 120830
FEE 0.5000
LOAN 0000021924956
LAST_NAME HIRES
ADDRESS 304 FOLSOM AVENUE
CITY BLOUNTSTOWN
STATE FL
ZIP 324240000
MORT $ 42,210.00
BAL $ 41,763.56
RATE 10.200
PAI $ 412.95
CLTV 66.472
MATURITY 170926
FEE 0.5000
LOAN 0000021924980
LAST_NAME MUNFORD
ADDRESS 7906 CAWKER AVENUE
CITY LANHAM
STATE MD
ZIP 207060000
MORT $ 94,400.00
BAL $ 93,975.59
RATE 8.990
PAI $ 758.89
CLTV 80.000
MATURITY 270903
FEE 0.5000
LOAN 0000021925128
LAST_NAME MASON
ADDRESS 14950 FREED STREET SE
CITY MINERRA
STATE OH
ZIP 446570000
MORT $ 70,200.00
BAL $ 69,949.65
RATE 10.990
PAI $ 668.01
CLTV 90.000
MATURITY 271117
FEE 0.5000
LOAN 0000021925193
LAST_NAME DAGGETT
ADDRESS 11311 S WALKER COURT
CITY BATON ROUGE
STATE LA
ZIP 708150000
MORT $ 45,000.00
BAL $ 44,396.41
RATE 9.000
PAI $ 456.42
CLTV 41.095
MATURITY 121201
FEE 0.5000
LOAN 0000021925250
LAST_NAME DAGGETT
ADDRESS 12021 PROVINCE PLACE
CITY BATON ROUGE
STATE LA
ZIP 708160000
MORT $ 55,500.00
BAL $ 54,755.57
RATE 9.000
PAI $ 562.92
CLTV 54.411
MATURITY 121201
FEE 0.5000
LOAN 0000021925318
LAST_NAME DAGGETT
ADDRESS 11312 S WALKER COURT
CITY BATON ROUGE
STATE LA
ZIP 708150000
MORT $ 45,000.00
BAL $ 44,396.41
RATE 9.000
PAI $ 456.42
CLTV 51.724
MATURITY 121201
FEE 0.5000
LOAN 0000021925383
LAST_NAME DAGGETT
ADDRESS 12022 PROVINCE PLACE
CITY BATON ROUGE
STATE LA
ZIP 708160000
MORT $ 42,250.00
BAL $ 41,798.33
RATE 9.000
PAI $ 428.53
CLTV 41.421
MATURITY 130101
FEE 0.5000
LOAN 0000021925425
LAST_NAME AUDETTE
ADDRESS 17 MILDRED AVENUE
CITY MILLBURY
STATE MA
ZIP 015270000
MORT $ 96,000.00
BAL $ 95,200.88
RATE 8.800
PAI $ 851.43
CLTV 80.000
MATURITY 171119
FEE 0.5000
LOAN 0000021926126
LAST_NAME SAMPLE
ADDRESS 1110 DARLEY AVENUE
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $ 25,000.00
BAL $ 24,553.51
RATE 11.190
PAI $ 287.14
CLTV 55.555
MATURITY 120829
FEE 0.5000
LOAN 0000021927025
LAST_NAME BRADLEY
ADDRESS 4423 DOUBLETREE
CITY MEMPHIS
STATE TN
ZIP 381090000
MORT $ 62,100.00
BAL $ 61,566.81
RATE 12.825
PAI $ 719.82
CLTV 90.000
MATURITY 170901
FEE 0.5000
LOAN 0000021927744
LAST_NAME BONACCI
ADDRESS 8413 TRANSIT LANE
CITY BALDWINSVIL
STATE NY
ZIP 130270000
MORT $ 72,000.00
BAL $ 71,844.79
RATE 10.200
PAI $ 642.52
CLTV 90.000
MATURITY 121201
FEE 0.5000
LOAN 0000021928924
LAST_NAME VINCENT
ADDRESS 653 ACKER ST. NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $120,000.00
BAL $ 119,631.32
RATE 8.500
PAI $ 922.70
CLTV 80.000
MATURITY 271126
FEE 0.5000
LOAN 0000021929229
LAST_NAME SMITH
ADDRESS 3420 W EUNICE PLACE
CITY TUCSON
STATE AZ
ZIP 857410000
MORT $ 20,000.00
BAL $ 19,902.20
RATE 9.900
PAI $ 213.70
CLTV 82.078
MATURITY 130406
FEE 0.5000
LOAN 0000021929765
LAST_NAME SPENCER
ADDRESS 518 POLO CLUB DRIVE
CITY GAHANNA
STATE OH
ZIP 432300000
MORT $107,000.00
BAL $ 105,741.63
RATE 8.250
PAI $ 911.72
CLTV 83.593
MATURITY 171015
FEE 0.5000
LOAN 0000021929948
LAST_NAME MORREALE
ADDRESS 44 PEWTER LANE
CITY HICKSVILLE
STATE NY
ZIP 118010000
MORT $ 46,000.00
BAL $ 45,218.64
RATE 9.850
PAI $ 490.11
CLTV 83.618
MATURITY 121201
FEE 0.5000
LOAN 0000021931225
LAST_NAME LITTLE
ADDRESS 14929 BILTMORE
CITY DETROIT
STATE MI
ZIP 482270000
MORT $ 29,000.00
BAL $ 28,597.02
RATE 8.600
PAI $ 287.28
CLTV 61.702
MATURITY 121205
FEE 0.5000
LOAN 0000021934369
LAST_NAME TEASLEY
ADDRESS 127 CAMBRIDGE AVENUE
CITY DECATUR
STATE GA
ZIP 300300000
MORT $ 25,000.00
BAL $ 24,910.89
RATE 8.500
PAI $ 246.19
CLTV 26.041
MATURITY 130428
FEE 0.5000
LOAN 0000021935101
LAST_NAME HORTON
ADDRESS 1505 DEDHAM COURT
CITY GREENSBORO
STATE NC
ZIP 274070000
MORT $127,900.00
BAL $ 127,250.64
RATE 8.990
PAI $ 1,028.20
CLTV 79.987
MATURITY 120801
FEE 0.5000
LOAN 0000021936877
LAST_NAME MOORE
ADDRESS 3012 TAYLOR AVE BLDG 6 #5
CITY SPRINGFIELD
STATE IL
ZIP 627030000
MORT $ 36,000.00
BAL $ 35,949.13
RATE 12.150
PAI $ 374.47
CLTV 80.000
MATURITY 121212
FEE 0.5000
Page 3
<PAGE>
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021937446
LAST_NAME CORTEZ
ADDRESS 1211 SANTA ROSA STREET
CITY PUEBLO
STATE CO
ZIP 810060000
MORT $ 51,850.00
BAL $ 51,625.09
RATE 9.750
PAI $ 445.47
CLTV 85.000
MATURITY 270707
FEE 0.5000
LOAN 0000021938055
LAST_NAME WHALEY
ADDRESS 11827 S JUSTINE
CITY CHICAGO
STATE IL
ZIP 606430000
MORT $ 60,000.00
BAL $ 58,863.75
RATE 8.990
PAI $ 608.21
CLTV 75.000
MATURITY 121024
FEE 0.5000
LOAN 0000021938097
LAST_NAME GREELEY
ADDRESS 174 UNION STREET
CITY HANOVER
STATE MA
ZIP 023390000
MORT $ 28,000.00
BAL $ 28,000.00
RATE 11.250
PAI $ 322.66
CLTV 16.972
MATURITY 130522
FEE 0.5000
LOAN 0000021939319
LAST_NAME CROOMS
ADDRESS 2404 NOTTINGHAM DRIVE
CITY SAVANNAH
STATE GA
ZIP 314060000
MORT $ 28,000.00
BAL $ 27,756.97
RATE 9.750
PAI $ 296.63
CLTV 69.312
MATURITY 130406
FEE 0.5000
LOAN 0000021940465
LAST_NAME CASTRO
ADDRESS 2192 S 10TH EAST
CITY SALT LAKE C
STATE UT
ZIP 841060000
MORT $ 64,000.00
BAL $ 63,426.88
RATE 8.400
PAI $ 487.58
CLTV 68.085
MATURITY 270416
FEE 0.5000
LOAN 0000021940499
LAST_NAME CASANOVA
ADDRESS 5110 ST VINCENT ST
CITY TAMPA
STATE FL
ZIP 336140000
MORT $ 32,250.00
BAL $ 30,942.89
RATE 8.500
PAI $ 317.58
CLTV 43.581
MATURITY 120303
FEE 0.5000
LOAN 0000021941364
LAST_NAME MARCOUX
ADDRESS 115 N SHORE DRIVE
CITY JACKSONVILL
STATE NC
ZIP 285400000
MORT $ 12,125.00
BAL $ 12,003.73
RATE 9.650
PAI $ 157.90
CLTV 70.000
MATURITY 80324
FEE 0.5000
LOAN 0000021943485
LAST_NAME TROIK
ADDRESS 1310 E ARROWHEAD ST, #2
CITY PAHRUMP
STATE NV
ZIP 890410000
MORT $ 58,400.00
BAL $ 58,246.88
RATE 10.900
PAI $ 551.75
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021944103
LAST_NAME GAGLE
ADDRESS 4850 E LAUREL LANE
CITY SCOTTSDALE
STATE AZ
ZIP 852540000
MORT $114,000.00
BAL $ 113,597.14
RATE 9.490
PAI $ 957.75
CLTV 74.754
MATURITY 121001
FEE 0.5000
LOAN 0000021944467
LAST_NAME STRINGER
ADDRESS 14207 SOUTH LOWE
CITY RIVERDALE
STATE IL
ZIP 606270000
MORT $ 72,000.00
BAL $ 71,798.22
RATE 9.550
PAI $ 673.49
CLTV 90.000
MATURITY 180310
FEE 0.5000
LOAN 0000021944558
LAST_NAME HENDERSON
ADDRESS 124 MAPLE STREET
CITY COWPENS
STATE SC
ZIP 293300000
MORT $ 63,000.00
BAL $ 62,948.07
RATE 10.350
PAI $ 569.23
CLTV 90.000
MATURITY 130301
FEE 0.5000
LOAN 0000021944731
LAST_NAME JONES
ADDRESS 509 S PATRICK STREET
CITY ALEXANDRIA
STATE VA
ZIP 223140000
MORT $ 90,000.00
BAL $ 89,768.60
RATE 10.250
PAI $ 806.50
CLTV 56.250
MATURITY 271020
FEE 0.5000
LOAN 0000021944772
LAST_NAME HARRIS
ADDRESS 13 THORNWOOD DRIVE
CITY WILLIAMSTON
STATE SC
ZIP 296970000
MORT $ 63,000.00
BAL $ 62,854.59
RATE 11.490
PAI $ 623.41
CLTV 90.000
MATURITY 121027
FEE 0.5000
LOAN 0000021944848
LAST_NAME PEGEUESE
ADDRESS 109 HEMINGWAY STREET
CITY WINSTON SAL
STATE NC
ZIP 271070000
MORT $ 70,200.00
BAL $ 68,132.30
RATE 9.400
PAI $ 728.82
CLTV 90.000
MATURITY 120908
FEE 0.5000
LOAN 0000021945084
LAST_NAME JOHNSON
ADDRESS 2471 BREWSTER RD
CITY INDIANAPOLI
STATE IN
ZIP 462680000
MORT $ 64,000.00
BAL $ 62,943.01
RATE 8.750
PAI $ 639.65
CLTV 80.000
MATURITY 121103
FEE 0.5000
LOAN 0000021945134
LAST_NAME PAXTON
ADDRESS ROUTE 1 BOX 138
CITY DARLINGTON
STATE IN
ZIP 479400000
MORT $ 36,000.00
BAL $ 35,405.40
RATE 8.750
PAI $ 359.81
CLTV 80.000
MATURITY 121029
FEE 0.5000
LOAN 0000021945316
LAST_NAME BRODIE
ADDRESS 3520 N SHERMAN DR
CITY INDIANAPOLI
STATE IN
ZIP 462180000
MORT $ 43,200.00
BAL $ 43,061.36
RATE 9.950
PAI $ 377.52
CLTV 90.000
MATURITY 271101
FEE 0.5000
LOAN 0000021945407
LAST_NAME MOLZOF
ADDRESS 425 WISCONSIN
CITY EAST DUBUQU
STATE IL
ZIP 610250000
MORT $ 30,750.00
BAL $ 29,191.87
RATE 9.990
PAI $ 510.33
CLTV 75.000
MATURITY 41030
FEE 0.5000
LOAN 0000021945464
LAST_NAME BLACKWELL
ADDRESS 3339 LUCILLE DR
CITY ELON COLLEG
STATE NC
ZIP 272440000
MORT $ 73,800.00
BAL $ 73,683.39
RATE 12.490
PAI $ 787.07
CLTV 88.915
MATURITY 121101
FEE 0.5000
LOAN 0000021945514
LAST_NAME SHELTON
ADDRESS 408 4TH AVE WEST
CITY BIRMINGHAM
STATE AL
ZIP 352040000
MORT $ 45,600.00
BAL $ 45,477.88
RATE 10.800
PAI $ 427.38
CLTV 80.000
MATURITY 121020
FEE 0.5000
LOAN 0000021945795
LAST_NAME MORRIS
ADDRESS 369 CLINTON STREET
CITY NEWARK
STATE OH
ZIP 430550000
MORT $ 60,300.00
BAL $ 60,145.00
RATE 10.250
PAI $ 540.35
CLTV 90.000
MATURITY 121027
FEE 0.5000
LOAN 0000021945837
LAST_NAME FRICKE
ADDRESS 870 WILLIAMS AVE
CITY HAMILTON
STATE OH
ZIP 450150000
MORT $ 62,400.00
BAL $ 62,221.35
RATE 8.900
PAI $ 497.61
CLTV 80.000
MATURITY 121128
FEE 0.5000
LOAN 0000021945928
LAST_NAME OLMO
ADDRESS 410 ROSEVILLE AVENUE
CITY NEWARK CITY
STATE NJ
ZIP 071070000
MORT $107,500.00
BAL $ 105,088.64
RATE 10.950
PAI $ 1,218.47
CLTV 61.428
MATURITY 120922
FEE 0.5000
LOAN 0000021945944
LAST_NAME ARP
ADDRESS 183 FOREST ROAD
CITY WEST HAVEN
STATE CT
ZIP 065160000
MORT $ 90,000.00
BAL $ 89,768.66
RATE 10.250
PAI $ 806.49
CLTV 90.000
MATURITY 271029
FEE 0.5000
LOAN 0000021946058
LAST_NAME BENNETT
ADDRESS 3730 ALABAHA DRIVE
CITY BLACKSHEAR
STATE GA
ZIP 315160000
MORT $ 27,200.00
BAL $ 27,049.25
RATE 11.500
PAI $ 290.07
CLTV 80.000
MATURITY 171110
FEE 0.5000
LOAN 0000021946686
LAST_NAME NELSON
ADDRESS 2845 14TH STREET,N
CITY ST. PETERSB
STATE FL
ZIP 337010000
MORT $ 55,000.00
BAL $ 54,472.69
RATE 8.500
PAI $ 422.90
CLTV 77.464
MATURITY 270213
FEE 0.5000
LOAN 0000021947023
LAST_NAME RADLE
ADDRESS 27420 CORINTHIAN DRIVE
CITY PUNTA GORDA
STATE FL
ZIP 339500000
MORT $ 56,000.00
BAL $ 53,686.54
RATE 8.500
PAI $ 551.45
CLTV 75.675
MATURITY 120212
FEE 0.5000
LOAN 0000021947361
LAST_NAME HUMPHREY
ADDRESS 5408 EAGLES POINT CIRCLE
CITY SARASOTA
STATE FL
ZIP 342310000
MORT $124,000.00
BAL $ 123,224.43
RATE 8.500
PAI $ 953.45
CLTV 55.111
MATURITY 270718
FEE 0.5000
LOAN 0000021947478
LAST_NAME ROZEAR
ADDRESS 1215 JULIAN LANE DRIVE
CITY TAMPA
STATE FL
ZIP 336190000
MORT $ 43,000.00
BAL $ 42,759.15
RATE 8.500
PAI $ 330.63
CLTV 79.629
MATURITY 270902
FEE 0.5000
LOAN 0000021947601
LAST_NAME DUCKWORTH
ADDRESS 8946 ROSS LANE
CITY NEWPORT RIC
STATE FL
ZIP 346540000
MORT $ 28,500.00
BAL $ 27,453.70
RATE 8.650
PAI $ 283.16
CLTV 19.655
MATURITY 120410
FEE 0.5000
LOAN 0000021947890
LAST_NAME QUEREUX
ADDRESS 6111 NW 42 AVENUE
CITY FT. LAUDERD
STATE FL
ZIP 333190000
MORT $ 64,000.00
BAL $ 63,586.22
RATE 8.650
PAI $ 498.92
CLTV 80.000
MATURITY 270610
FEE 0.5000
LOAN 0000021948369
LAST_NAME SULLIVAN
ADDRESS 807 BUTTERNUT ST NW
CITY WASHINGTON
STATE DC
ZIP 200120000
MORT $ 30,000.00
BAL $ 29,536.29
RATE 9.500
PAI $ 313.27
CLTV 84.951
MATURITY 121027
FEE 0.5000
LOAN 0000021949011
LAST_NAME FORD
ADDRESS 1834 RAY LEONARD ROAD
CITY LANDOVER
STATE MD
ZIP 207850000
MORT $ 62,400.00
BAL $ 62,244.06
RATE 9.500
PAI $ 524.70
CLTV 80.000
MATURITY 121105
FEE 0.5000
LOAN 0000021949169
LAST_NAME BLUTECKER
ADDRESS 8225 HITCHCOCK RD
CITY WHITE LAKE
STATE MI
ZIP 483830000
MORT $ 69,000.00
BAL $ 68,925.88
RATE 9.100
PAI $ 560.17
CLTV 65.714
MATURITY 280306
FEE 0.5000
LOAN 0000021949862
LAST_NAME SMITH
ADDRESS ROUTE 3 BOX 2180
CITY GLENNVILLE
STATE GA
ZIP 304270000
MORT $100,000.00
BAL $ 99,965.17
RATE 11.150
PAI $ 963.68
CLTV 80.000
MATURITY 121208
FEE 0.5000
LOAN 0000021950118
LAST_NAME CRISP
ADDRESS 5440 HWY 90
CITY COLLETTSVIL
STATE NC
ZIP 286110000
MORT $ 54,800.00
BAL $ 54,205.16
RATE 8.900
PAI $ 489.54
CLTV 80.000
MATURITY 171001
FEE 0.5000
LOAN 0000021950175
LAST_NAME SHORT
ADDRESS 18925 PARKSIDE
CITY DETROIT
STATE MI
ZIP 482210000
MORT $ 20,000.00
BAL $ 19,485.24
RATE 10.300
PAI $ 427.90
CLTV 50.030
MATURITY 30306
FEE 0.5000
LOAN 0000021950217
LAST_NAME COURTNEY
ADDRESS 19209 MOUNT AIREY ROAD
CITY BROOKVILLE
STATE MD
ZIP 208330000
MORT $ 28,900.00
BAL $ 27,737.20
RATE 9.990
PAI $ 381.76
CLTV 84.897
MATURITY 70910
FEE 0.5000
LOAN 0000021950324
LAST_NAME ENJETI
ADDRESS 2502 FALLING BROOK TERRAC
CITY ADELPHI
STATE MD
ZIP 207830000
MORT $208,000.00
BAL $ 207,422.14
RATE 8.990
PAI $ 1,672.12
CLTV 80.000
MATURITY 271105
FEE 0.5000
LOAN 0000021950449
LAST_NAME TURNER
ADDRESS 1927 SHEPHERD STREET NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $ 84,000.00
BAL $ 83,671.85
RATE 9.500
PAI $ 706.32
CLTV 52.500
MATURITY 121030
FEE 0.5000
LOAN 0000021951231
LAST_NAME JOHNSON
ADDRESS 509 MAY STREET
CITY MOBILE
STATE AL
ZIP 366070000
MORT $ 40,500.00
BAL $ 40,008.05
RATE 10.640
PAI $ 451.21
CLTV 90.000
MATURITY 121105
FEE 0.5000
Page 4
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021951363
LAST_NAME FRITZ
ADDRESS 27 HARVARD ST
CITY SOUTH HADLE
STATE MA
ZIP 010750000
MORT $ 72,400.00
BAL $ 71,994.77
RATE 8.400
PAI $ 708.71
CLTV 73.877
MATURITY 130316
FEE 0.5000
LOAN 0000021951561
LAST_NAME LOVE
ADDRESS 10 RIVERVIEW DRIVE WEST
CITY WEST UPPER
STATE NJ
ZIP 070430000
MORT $ 45,000.00
BAL $ 44,884.03
RATE 10.200
PAI $ 440.24
CLTV 63.669
MATURITY 180311
FEE 0.5000
LOAN 0000021951850
LAST_NAME CRAMPTON
ADDRESS RD 1 BOX 105A
CITY MILFORD
STATE NY
ZIP 138070000
MORT $130,000.00
BAL $ 129,823.18
RATE 7.950
PAI $ 949.37
CLTV 52.000
MATURITY 280316
FEE 0.5000
LOAN 0000021952106
LAST_NAME CANTRELL
ADDRESS 1385 MAPLEGROVE DRIVE
CITY FAIRBORN
STATE OH
ZIP 453240000
MORT $ 86,670.00
BAL $ 86,324.56
RATE 9.250
PAI $ 713.02
CLTV 81.000
MATURITY 121117
FEE 0.5000
LOAN 0000021952429
LAST_NAME TEVLIN
ADDRESS 27 FIFTH AVENUE
CITY CHELMSFORD
STATE MA
ZIP 018630000
MORT $130,400.00
BAL $ 129,955.22
RATE 7.990
PAI $ 1,089.90
CLTV 80.000
MATURITY 180310
FEE 0.5000
LOAN 0000021952684
LAST_NAME HANNAH
ADDRESS 6736 S. ELIZABETH
CITY CHICAGO
STATE IL
ZIP 606360000
MORT $ 61,200.00
BAL $ 61,138.90
RATE 9.450
PAI $ 512.38
CLTV 90.000
MATURITY 280301
FEE 0.5000
LOAN 0000021953039
LAST_NAME DOBBINS
ADDRESS 669 COUNTY ROAD 97
CITY FLAT ROCK
STATE AL
ZIP 359660000
MORT $ 99,000.00
BAL $ 98,938.47
RATE 11.650
PAI $ 991.74
CLTV 90.000
MATURITY 130309
FEE 0.5000
LOAN 0000021953096
LAST_NAME PINCKARD
ADDRESS 2415 YALE STREET
CITY MARTINEZ
STATE CA
ZIP 945530000
MORT $ 39,000.00
BAL $ 38,696.92
RATE 9.250
PAI $ 401.39
CLTV 75.737
MATURITY 130311
FEE 0.5000
LOAN 0000021953203
LAST_NAME ROBERTS
ADDRESS 16311 SE 115TH LANE
CITY YELM
STATE WA
ZIP 985970000
MORT $ 27,800.00
BAL $ 27,718.00
RATE 9.150
PAI $ 252.82
CLTV 76.488
MATURITY 180302
FEE 0.5000
LOAN 0000021953468
LAST_NAME KLEIN
ADDRESS 29 BARAT LINE
CITY RHINEBECK
STATE NY
ZIP 125720000
MORT $ 51,000.00
BAL $ 50,709.43
RATE 8.200
PAI $ 493.29
CLTV 44.736
MATURITY 130304
FEE 0.5000
LOAN 0000021953484
LAST_NAME TAYLOR
ADDRESS 905 LAUDER AVE
CITY BARTONVILLE
STATE IL
ZIP 616070000
MORT $ 31,728.00
BAL $ 31,651.44
RATE 10.000
PAI $ 340.96
CLTV 83.355
MATURITY 130401
FEE 0.5000
LOAN 0000021953583
LAST_NAME SMITH
ADDRESS 78 COMMONWEALTH BLVD
CITY NEW CASTLE
STATE DE
ZIP 197200000
MORT $ 27,000.00
BAL $ 26,355.59
RATE 10.700
PAI $ 367.35
CLTV 24.770
MATURITY 71106
FEE 0.5000
LOAN 0000021953914
LAST_NAME BOWEN
ADDRESS 347 EAGLE CREEK CIRCLE
CITY LAKE MARY
STATE FL
ZIP 327460000
MORT $ 61,800.00
BAL $ 60,946.12
RATE 10.750
PAI $ 692.75
CLTV 78.583
MATURITY 121118
FEE 0.5000
LOAN 0000021954110
LAST_NAME WARDLE
ADDRESS 452 W WILLOWBROOK DRIVE
CITY MERIDIAN
STATE ID
ZIP 836420000
MORT $ 94,500.00
BAL $ 94,409.58
RATE 9.650
PAI $ 804.97
CLTV 90.000
MATURITY 130301
FEE 0.5000
LOAN 0000021954201
LAST_NAME BIANCO
ADDRESS 52 SOUTH STREET
CITY WASHINGTONV
STATE NY
ZIP 109920000
MORT $ 62,750.00
BAL $ 61,821.64
RATE 9.990
PAI $ 673.93
CLTV 47.537
MATURITY 121118
FEE 0.5000
LOAN 0000021954276
LAST_NAME BOSCO
ADDRESS 181 N ALBANY AVENUE
CITY MASSAPEQUA
STATE NY
ZIP 117580000
MORT $141,800.00
BAL $ 140,418.82
RATE 8.500
PAI $ 1,230.57
CLTV 61.652
MATURITY 171124
FEE 0.5000
LOAN 0000021954573
LAST_NAME LONGMIRE
ADDRESS 8501 S. LOOMIS BLVD
CITY CHICAGO
STATE IL
ZIP 606200000
MORT $ 74,400.00
BAL $ 74,300.95
RATE 8.400
PAI $ 566.81
CLTV 80.000
MATURITY 130301
FEE 0.5000
LOAN 0000021954623
LAST_NAME SERMONS
ADDRESS 4530 SW 25TH STREET
CITY HOLLYWOOD
STATE FL
ZIP 330230000
MORT $ 45,000.00
BAL $ 44,668.81
RATE 8.650
PAI $ 350.81
CLTV 56.250
MATURITY 270516
FEE 0.5000
LOAN 0000021954946
LAST_NAME MURPHY
ADDRESS 2104 E VAILE AVENUE
CITY KOKOMO
STATE IN
ZIP 469010000
MORT $ 46,000.00
BAL $ 45,516.95
RATE 9.600
PAI $ 483.12
CLTV 84.589
MATURITY 130114
FEE 0.5000
LOAN 0000021955026
LAST_NAME HALL
ADDRESS 5032 DONNYBROOK AVENUE
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $ 40,000.00
BAL $ 39,933.47
RATE 10.350
PAI $ 361.42
CLTV 70.796
MATURITY 121229
FEE 0.5000
LOAN 0000021955349
LAST_NAME BRADLEY
ADDRESS 17342 GROVEMONT STREET
CITY SANTA ANA
STATE CA
ZIP 927050000
MORT $ 38,000.00
BAL $ 37,815.85
RATE 10.000
PAI $ 408.36
CLTV 84.788
MATURITY 130309
FEE 0.5000
LOAN 0000021955422
LAST_NAME JOHNSON
ADDRESS 4062 N CAPITOL AVENUE
CITY INDIANAPOLI
STATE IN
ZIP 462080000
MORT $ 63,750.00
BAL $ 63,509.85
RATE 9.700
PAI $ 545.38
CLTV 83.881
MATURITY 271112
FEE 0.5000
LOAN 0000021955430
LAST_NAME DAVIS
ADDRESS 4636 PINELEAF DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282690000
MORT $ 14,900.00
BAL $ 14,031.17
RATE 9.300
PAI $ 191.18
CLTV 25.000
MATURITY 71112
FEE 0.5000
LOAN 0000021955448
LAST_NAME MADGETT
ADDRESS 16354 S HERMITAGE
CITY MARKHAM
STATE IL
ZIP 604260000
MORT $ 51,750.00
BAL $ 51,304.52
RATE 9.490
PAI $ 482.05
CLTV 79.615
MATURITY 171114
FEE 0.5000
LOAN 0000021955455
LAST_NAME STETTER
ADDRESS 18420 PLEASANT STREET
CITY BROOKFIELD
STATE WI
ZIP 530450000
MORT $188,000.00
BAL $ 187,052.60
RATE 8.150
PAI $ 1,399.19
CLTV 80.000
MATURITY 121119
FEE 0.5000
LOAN 0000021955653
LAST_NAME CHECKETTS
ADDRESS 914 EAST BIRCH AVENUE
CITY FRESNO
STATE CA
ZIP 937200000
MORT $ 43,200.00
BAL $ 43,031.18
RATE 10.150
PAI $ 421.20
CLTV 84.995
MATURITY 180302
FEE 0.5000
LOAN 0000021955695
LAST_NAME RUSS
ADDRESS 111 BROWN COURT
CITY SUMMERVILLE
STATE SC
ZIP 294830000
MORT $ 49,000.00
BAL $ 48,737.69
RATE 8.900
PAI $ 494.09
CLTV 69.503
MATURITY 130302
FEE 0.5000
LOAN 0000021955729
LAST_NAME STARBUCK
ADDRESS 4754 S CO RD 800W
CITY COATESVILLE
STATE IN
ZIP 461210000
MORT $ 92,800.00
BAL $ 91,896.05
RATE 8.500
PAI $ 805.34
CLTV 80.000
MATURITY 171110
FEE 0.5000
LOAN 0000021955992
LAST_NAME BROWN
ADDRESS 5731 BRAMBLE AVENUE
CITY CINCINNATI
STATE OH
ZIP 452270000
MORT $ 70,200.00
BAL $ 70,012.87
RATE 9.190
PAI $ 574.47
CLTV 90.000
MATURITY 271118
FEE 0.5000
LOAN 0000021956115
LAST_NAME COLEMAN
ADDRESS 11455 S TROY
CITY MERRIONETTE
STATE IL
ZIP 608030000
MORT $ 95,200.00
BAL $ 94,926.09
RATE 8.050
PAI $ 912.54
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000021956396
LAST_NAME CRISP
ADDRESS 886 SAXON AVENUE
CITY AKRON
STATE OH
ZIP 443140000
MORT $ 49,500.00
BAL $ 49,315.74
RATE 9.240
PAI $ 406.87
CLTV 79.200
MATURITY 271030
FEE 0.5000
LOAN 0000021956503
LAST_NAME LYONS
ADDRESS ROUTE 1 BOX 333-F
CITY MAX MEADOWS
STATE VA
ZIP 243600000
MORT $ 45,000.00
BAL $ 44,700.63
RATE 11.490
PAI $ 479.59
CLTV 90.000
MATURITY 171117
FEE 0.5000
LOAN 0000021956560
LAST_NAME WADE
ADDRESS 4709 TAMARISK LANE
CITY WILSON
STATE NC
ZIP 278930000
MORT $ 39,650.00
BAL $ 39,460.21
RATE 10.150
PAI $ 429.73
CLTV 79.987
MATURITY 130304
FEE 0.5000
LOAN 0000021956586
LAST_NAME CAMPBELL
ADDRESS 6154 BOUGAINVILLA CIRCLE
CITY PENSACOLA
STATE FL
ZIP 325040000
MORT $ 45,500.00
BAL $ 45,385.09
RATE 9.500
PAI $ 475.12
CLTV 70.000
MATURITY 130401
FEE 0.5000
LOAN 0000021956610
LAST_NAME STONE
ADDRESS 280 GREENWOOD ROAD
CITY PIEDMONT
STATE AL
ZIP 362720000
MORT $ 78,300.00
BAL $ 78,069.37
RATE 10.990
PAI $ 745.08
CLTV 85.108
MATURITY 120904
FEE 0.5000
LOAN 0000021956875
LAST_NAME JOHNSON
ADDRESS 611 E 41ST STREET
CITY CHICAGO
STATE IL
ZIP 606530000
MORT $ 41,000.00
BAL $ 40,556.48
RATE 8.250
PAI $ 502.88
CLTV 63.076
MATURITY 80301
FEE 0.5000
LOAN 0000021956917
LAST_NAME LOFTIS
ADDRESS 292 GARRISON BRANCH #4
CITY WEAVERVILLE
STATE NC
ZIP 287870000
MORT $ 57,800.00
BAL $ 57,264.90
RATE 9.500
PAI $ 486.02
CLTV 85.000
MATURITY 121105
FEE 0.5000
LOAN 0000021957055
LAST_NAME HARSHMAN
ADDRESS 7709 PASEO SANTA CRUZ
CITY PLEASANTON
STATE CA
ZIP 945660000
MORT $ 49,000.00
BAL $ 48,855.49
RATE 9.150
PAI $ 445.61
CLTV 69.550
MATURITY 180302
FEE 0.5000
LOAN 0000021957089
LAST_NAME CALIENDO
ADDRESS 914 WINSTON DRIVE
CITY MELROSE PAR
STATE IL
ZIP 601600000
MORT $136,000.00
BAL $ 135,593.79
RATE 9.050
PAI $ 1,228.01
CLTV 84.472
MATURITY 180301
FEE 0.5000
LOAN 0000021957188
LAST_NAME BROOKSBANK
ADDRESS 48 RIDGEWAY ROAD
CITY HARTWELL
STATE OH
ZIP 452160000
MORT $ 88,000.00
BAL $ 87,750.92
RATE 8.900
PAI $ 701.75
CLTV 80.000
MATURITY 121121
FEE 0.5000
LOAN 0000021957212
LAST_NAME JOHNSON
ADDRESS 6421 MONTPELIER ROAD
CITY CHARLOTTE
STATE NC
ZIP 282100000
MORT $ 51,800.00
BAL $ 50,300.09
RATE 8.650
PAI $ 514.66
CLTV 47.522
MATURITY 121124
FEE 0.5000
Page 5
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021957246
LAST_NAME TERRY
ADDRESS 1409 S EUCLID AVENUE
CITY INDIANAPOLI
STATE IN
ZIP 462030000
MORT $ 54,400.00
BAL $ 53,993.73
RATE 8.750
PAI $ 427.97
CLTV 80.000
MATURITY 121110
FEE 0.5000
LOAN 0000021957261
LAST_NAME CARNEVALE
ADDRESS 4304 7TH AVENUE
CITY KENOSHA
STATE WI
ZIP 531400000
MORT $ 80,000.00
BAL $ 79,413.04
RATE 8.500
PAI $ 615.14
CLTV 80.000
MATURITY 121202
FEE 0.5000
LOAN 0000021957345
LAST_NAME GRANT
ADDRESS 1125 WILLOW LANE
CITY HARTSVILLE
STATE SC
ZIP 295600000
MORT $ 59,000.00
BAL $ 58,487.99
RATE 9.050
PAI $ 673.11
CLTV 83.772
MATURITY 100306
FEE 0.5000
LOAN 0000021957659
LAST_NAME HOLCOMB
ADDRESS 10660 HELBER ROAD
CITY LOGAN
STATE OH
ZIP 431380000
MORT $ 61,200.00
BAL $ 61,099.19
RATE 11.450
PAI $ 603.73
CLTV 90.000
MATURITY 121112
FEE 0.5000
LOAN 0000021958046
LAST_NAME POPESCU
ADDRESS 5266 N. CICERO AVE
CITY CHICAGO
STATE IL
ZIP 606300000
MORT $216,300.00
BAL $ 215,808.67
RATE 8.250
PAI $ 1,624.99
CLTV 79.815
MATURITY 130301
FEE 0.5000
LOAN 0000021958111
LAST_NAME RUBIO
ADDRESS 1840 ZEPPELIN DRIVE
CITY HANOVER PAR
STATE IL
ZIP 601030000
MORT $ 15,000.00
BAL $ 14,551.50
RATE 12.750
PAI $ 173.07
CLTV 73.054
MATURITY 171128
FEE 0.5000
LOAN 0000021958137
LAST_NAME CLOSE
ADDRESS 1824 NE MONROE ST
CITY PEORIA
STATE IL
ZIP 616030000
MORT $ 40,500.00
BAL $ 40,385.03
RATE 9.450
PAI $ 376.20
CLTV 90.000
MATURITY 180401
FEE 0.5000
LOAN 0000021958491
LAST_NAME RAE
ADDRESS 2165 COTTAGE GROVE
CITY CLEVELAND H
STATE OH
ZIP 441180000
MORT $ 84,000.00
BAL $ 83,864.67
RATE 11.550
PAI $ 835.05
CLTV 73.043
MATURITY 121119
FEE 0.5000
LOAN 0000021958731
LAST_NAME LUKER
ADDRESS 722 PALM HAVEN AVENUE
CITY SAN JOSE
STATE CA
ZIP 951250000
MORT $ 86,000.00
BAL $ 85,777.81
RATE 9.250
PAI $ 885.11
CLTV 72.866
MATURITY 130407
FEE 0.5000
LOAN 0000021958806
LAST_NAME BARNUM
ADDRESS 2945 LOUISIANA STREET
CITY LONGVIEW
STATE WA
ZIP 986320000
MORT $ 14,000.00
BAL $ 13,889.66
RATE 9.150
PAI $ 143.25
CLTV 70.629
MATURITY 130302
FEE 0.5000
LOAN 0000021958830
LAST_NAME NELSON
ADDRESS 12791 FORESTEDGE CIRCLE
CITY ORLANDO
STATE FL
ZIP 328820000
MORT $ 20,000.00
BAL $ 19,842.35
RATE 9.150
PAI $ 204.65
CLTV 48.228
MATURITY 130303
FEE 0.5000
LOAN 0000021959069
LAST_NAME ROBERGE
ADDRESS 110 DARLING STREET
CITY INDIAN ORCH
STATE MA
ZIP 011510000
MORT $ 18,000.00
BAL $ 17,907.04
RATE 9.300
PAI $ 185.80
CLTV 62.892
MATURITY 130309
FEE 0.5000
LOAN 0000021959119
LAST_NAME LUSKY
ADDRESS 18 FAIRMONT
CITY TOWN OF BRO
STATE NY
ZIP 117720000
MORT $ 57,000.00
BAL $ 56,794.73
RATE 7.550
PAI $ 460.94
CLTV 36.774
MATURITY 180318
FEE 0.5000
LOAN 0000021959465
LAST_NAME SHERMAN
ADDRESS 5650 INDIANTOWN ROAD
CITY RHODESDALE
STATE MD
ZIP 216590000
MORT $ 73,600.00
BAL $ 73,378.31
RATE 9.500
PAI $ 618.87
CLTV 77.473
MATURITY 271112
FEE 0.5000
LOAN 0000021959523
LAST_NAME HANSON
ADDRESS 5425 43RD STREET
CITY VERO BEACH
STATE FL
ZIP 329670000
MORT $ 41,600.00
BAL $ 41,539.40
RATE 9.600
PAI $ 352.84
CLTV 80.000
MATURITY 280216
FEE 0.5000
LOAN 0000021959580
LAST_NAME DEERING
ADDRESS 1913 LITTLE JOHN DRIVE
CITY OXFORD
STATE AL
ZIP 362030000
MORT $ 55,200.00
BAL $ 55,129.20
RATE 10.200
PAI $ 492.60
CLTV 80.000
MATURITY 280201
FEE 0.5000
LOAN 0000021960273
LAST_NAME BIBBINS
ADDRESS 3428 WEST 46TH STREET
CITY CLEVELAND
STATE OH
ZIP 441020000
MORT $ 65,700.00
BAL $ 65,596.21
RATE 10.590
PAI $ 605.41
CLTV 90.000
MATURITY 121205
FEE 0.5000
LOAN 0000021960307
LAST_NAME HODGE
ADDRESS 126 SPARKLEBERRY LANE
CITY LEXINGTON
STATE SC
ZIP 290720000
MORT $ 76,500.00
BAL $ 76,347.73
RATE 10.890
PAI $ 722.18
CLTV 90.000
MATURITY 121126
FEE 0.5000
LOAN 0000021960315
LAST_NAME LAUGHERY
ADDRESS 10063 STOUT ROAD
CITY UTICA
STATE OH
ZIP 430800000
MORT $ 70,200.00
BAL $ 70,065.43
RATE 10.750
PAI $ 655.31
CLTV 90.000
MATURITY 121202
FEE 0.5000
LOAN 0000021960323
LAST_NAME ROSS
ADDRESS 234 DUXBURY COURT
CITY WARWICK
STATE RI
ZIP 028860000
MORT $ 69,000.00
BAL $ 68,617.66
RATE 9.250
PAI $ 567.65
CLTV 75.000
MATURITY 271125
FEE 0.5000
LOAN 0000021960521
LAST_NAME PAIGE
ADDRESS 1017 W 19TH ST
CITY CHICAGO
STATE IL
ZIP 606080000
MORT $ 25,000.00
BAL $ 24,613.57
RATE 9.500
PAI $ 261.06
CLTV 29.069
MATURITY 121103
FEE 0.5000
LOAN 0000021960695
LAST_NAME ADAMS
ADDRESS 7508 ELM DRIVE
CITY OMAHA
STATE NE
ZIP 681280000
MORT $ 64,600.00
BAL $ 64,266.36
RATE 10.250
PAI $ 634.14
CLTV 85.000
MATURITY 180114
FEE 0.5000
LOAN 0000021960901
LAST_NAME DUTRA
ADDRESS 316 318 SAUSALITO BLVD
CITY SAUSALITO
STATE CA
ZIP 949650000
MORT $ 35,000.00
BAL $ 34,820.90
RATE 9.400
PAI $ 363.37
CLTV 67.814
MATURITY 130317
FEE 0.5000
LOAN 0000021961040
LAST_NAME VICKER
ADDRESS 3467 SOUTH 61ST STREET
CITY MILWAUKEE
STATE WI
ZIP 532190000
MORT $ 69,700.00
BAL $ 69,193.00
RATE 9.350
PAI $ 642.89
CLTV 85.000
MATURITY 171201
FEE 0.5000
LOAN 0000021961248
LAST_NAME SESSA
ADDRESS 508 ORKNEY ROAD
CITY BALTIMORE
STATE MD
ZIP 212120000
MORT $ 90,300.00
BAL $ 88,994.89
RATE 10.250
PAI $ 984.23
CLTV 70.000
MATURITY 121101
FEE 0.5000
LOAN 0000021961339
LAST_NAME VELLONE
ADDRESS 114 HAWTHORNE AVE
CITY UTICA
STATE NY
ZIP 135020000
MORT $ 45,500.00
BAL $ 45,456.22
RATE 9.625
PAI $ 386.75
CLTV 70.000
MATURITY 130401
FEE 0.5000
LOAN 0000021961388
LAST_NAME COOMER
ADDRESS 605 S MAIN
CITY FORTVILLE
STATE IN
ZIP 460400000
MORT $ 27,000.00
BAL $ 26,818.04
RATE 9.950
PAI $ 259.67
CLTV 35.761
MATURITY 171124
FEE 0.5000
LOAN 0000021961792
LAST_NAME PARTOW
ADDRESS 1419 NW EL PORTAL ROAD
CITY ALBUQUERQUE
STATE NM
ZIP 871070000
MORT $ 56,000.00
BAL $ 55,854.00
RATE 9.150
PAI $ 573.00
CLTV 79.987
MATURITY 130323
FEE 0.5000
LOAN 0000021961974
LAST_NAME BURDEN
ADDRESS 9771 DUNHILL DRIVE
CITY MIRAMAR
STATE FL
ZIP 330250000
MORT $ 20,000.00
BAL $ 19,941.75
RATE 9.250
PAI $ 183.18
CLTV 69.301
MATURITY 180317
FEE 0.5000
LOAN 0000021962238
LAST_NAME DEESE
ADDRESS 6820 SANDRA DRIVE
CITY THEODORE
STATE AL
ZIP 365820000
MORT $ 16,950.00
BAL $ 16,757.19
RATE 12.850
PAI $ 212.79
CLTV 70.491
MATURITY 121101
FEE 0.5000
LOAN 0000021962733
LAST_NAME WEST
ADDRESS 18135 NW 18TH AVENUE
CITY MIAMI
STATE FL
ZIP 330560000
MORT $ 42,000.00
BAL $ 40,761.87
RATE 8.600
PAI $ 416.06
CLTV 69.054
MATURITY 130304
FEE 0.5000
LOAN 0000021962741
LAST_NAME REID
ADDRESS 2400 NW 183RD STREET
CITY MIAMI
STATE FL
ZIP 330560000
MORT $ 27,000.00
BAL $ 26,858.68
RATE 9.150
PAI $ 276.27
CLTV 64.900
MATURITY 130330
FEE 0.5000
LOAN 0000021963590
LAST_NAME LICK
ADDRESS 610 LOCUST STREET
CITY MUSCATINE
STATE IA
ZIP 527610000
MORT $ 43,200.00
BAL $ 43,139.90
RATE 9.450
PAI $ 361.68
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000021963624
LAST_NAME CESARINI
ADDRESS 20 NORWOOD ROAD
CITY NORTHAMPTON
STATE PA
ZIP 189740000
MORT $153,000.00
BAL $ 152,280.96
RATE 8.700
PAI $ 1,347.20
CLTV 85.000
MATURITY 180301
FEE 0.5000
LOAN 0000021963665
LAST_NAME DAVIS
ADDRESS 7710 TEDDER ROAD
CITY LUCAMA
STATE NC
ZIP 278510000
MORT $ 58,500.00
BAL $ 57,709.14
RATE 11.550
PAI $ 824.16
CLTV 90.000
MATURITY 80301
FEE 0.5000
LOAN 0000021963970
LAST_NAME CRAWFORD
ADDRESS 29 HARDING AVENUE
CITY HATBORO
STATE PA
ZIP 190400000
MORT $130,000.00
BAL $ 129,600.19
RATE 8.500
PAI $ 999.59
CLTV 76.470
MATURITY 121125
FEE 0.5000
LOAN 0000021964382
LAST_NAME KUMAR
ADDRESS 8181 EAST KALIL DRIVE
CITY SCOTTSDALE
STATE AZ
ZIP 852600000
MORT $ 70,000.00
BAL $ 69,822.40
RATE 9.450
PAI $ 728.85
CLTV 79.477
MATURITY 130420
FEE 0.5000
LOAN 0000021964432
LAST_NAME SHOEMAKER
ADDRESS 165 MONROE STREET
CITY SPRINGPORT
STATE MI
ZIP 492840000
MORT $ 52,000.00
BAL $ 51,834.56
RATE 8.550
PAI $ 452.92
CLTV 80.000
MATURITY 180311
FEE 0.5000
LOAN 0000021964846
LAST_NAME BRANCH
ADDRESS 20029 LEXINGTON
CITY REDFORD
STATE MI
ZIP 482400000
MORT $ 20,000.00
BAL $ 19,802.79
RATE 9.900
PAI $ 263.20
CLTV 83.191
MATURITY 80320
FEE 0.5000
LOAN 0000021965009
LAST_NAME KISCHMISCHIA
ADDRESS 144 URSHAN COURT
CITY SAN JOSE
STATE CA
ZIP 951380000
MORT $ 52,450.00
BAL $ 52,195.83
RATE 10.000
PAI $ 563.64
CLTV 85.000
MATURITY 130311
FEE 0.5000
LOAN 0000021965017
LAST_NAME MAYBERRY
ADDRESS 12590 YAMPA WAY
CITY COMMERCE CI
STATE CO
ZIP 800220000
MORT $ 35,200.00
BAL $ 34,913.56
RATE 11.990
PAI $ 422.23
CLTV 76.988
MATURITY 121211
FEE 0.5000
Page 6
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021965025
LAST_NAME ADOLPHE
ADDRESS 428 ST. MARKS AVENUE
CITY BROOKLYN
STATE NY
ZIP 112380000
MORT $ 29,700.00
BAL $ 29,560.67
RATE 10.990
PAI $ 306.36
CLTV 74.994
MATURITY 180101
FEE 0.5000
LOAN 0000021965116
LAST_NAME PROBOLUS
ADDRESS 103 AUSTIN STREET
CITY NEW BEDFORD
STATE MA
ZIP 027400000
MORT $ 55,000.00
BAL $ 54,436.61
RATE 8.300
PAI $ 470.36
CLTV 65.476
MATURITY 171101
FEE 0.5000
LOAN 0000021965470
LAST_NAME MCDONALD
ADDRESS 165 RIVER ROAD
CITY KINGSTON
STATE TN
ZIP 377630000
MORT $ 86,000.00
BAL $ 85,237.04
RATE 9.250
PAI $ 787.65
CLTV 68.800
MATURITY 171107
FEE 0.5000
LOAN 0000021965512
LAST_NAME SALDO
ADDRESS 216-18 38TH AVENUE
CITY BAYSIDE
STATE NY
ZIP 113610000
MORT $ 33,800.00
BAL $ 31,451.51
RATE 9.750
PAI $ 442.00
CLTV 67.175
MATURITY 71124
FEE 0.5000
LOAN 0000021965595
LAST_NAME PARKER
ADDRESS 8 ENCHANTED LANE
CITY FLETCHER
STATE NC
ZIP 287320000
MORT $ 15,000.00
BAL $ 14,866.14
RATE 9.350
PAI $ 155.28
CLTV 74.315
MATURITY 130324
FEE 0.5000
LOAN 0000021965769
LAST_NAME BROWN
ADDRESS 2828 SPENCERWOOD DRIVE
CITY POWHATAN
STATE VA
ZIP 231390000
MORT $117,600.00
BAL $ 117,186.57
RATE 8.750
PAI $ 925.16
CLTV 80.000
MATURITY 271106
FEE 0.5000
LOAN 0000021965801
LAST_NAME PYLE
ADDRESS 125 ANNETTE DRIVE
CITY WEST SENECA
STATE NY
ZIP 142240000
MORT $ 42,500.00
BAL $ 41,680.17
RATE 10.990
PAI $ 438.39
CLTV 82.029
MATURITY 171210
FEE 0.5000
LOAN 0000021965959
LAST_NAME LARGE
ADDRESS 1840 LIGHTNER ROAD
CITY PORT CLINTO
STATE OH
ZIP 434520000
MORT $ 58,000.00
BAL $ 57,516.93
RATE 9.750
PAI $ 550.14
CLTV 81.118
MATURITY 171103
FEE 0.5000
LOAN 0000021965983
LAST_NAME MCGOWENS
ADDRESS 3802 DORCHESTER ROAD
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $ 60,800.00
BAL $ 60,387.42
RATE 9.990
PAI $ 586.33
CLTV 78.961
MATURITY 171202
FEE 0.5000
LOAN 0000021966031
LAST_NAME CLARK
ADDRESS 815 UTICA ROAD
CITY UTICA
STATE NY
ZIP 135020000
MORT $ 61,625.00
BAL $ 61,571.96
RATE 10.150
PAI $ 547.65
CLTV 85.000
MATURITY 130301
FEE 0.5000
LOAN 0000021966098
LAST_NAME BATES
ADDRESS 5985 N AIRPORT ROAD
CITY MILTON
STATE FL
ZIP 325830000
MORT $ 28,000.00
BAL $ 28,000.00
RATE 9.300
PAI $ 289.02
CLTV 64.502
MATURITY 130504
FEE 0.5000
LOAN 0000021966106
LAST_NAME OWENS
ADDRESS 5624 NATURE LANE
CITY TALLAHASSEE
STATE FL
ZIP 323030000
MORT $ 24,300.00
BAL $ 23,729.44
RATE 10.990
PAI $ 334.59
CLTV 74.153
MATURITY 71210
FEE 0.5000
LOAN 0000021966197
LAST_NAME CARBEN
ADDRESS 3103 ERNEST STREET
CITY JACKSONVILL
STATE FL
ZIP 322050000
MORT $ 12,000.00
BAL $ 11,929.31
RATE 10.990
PAI $ 123.78
CLTV 56.565
MATURITY 171209
FEE 0.5000
LOAN 0000021966791
LAST_NAME FAIRCLOTH
ADDRESS 474 ROBERT WILLIS ROAD
CITY CAIRO
STATE GA
ZIP 317280000
MORT $ 52,000.00
BAL $ 51,915.35
RATE 10.450
PAI $ 473.72
CLTV 80.000
MATURITY 121209
FEE 0.5000
LOAN 0000021966809
LAST_NAME COX
ADDRESS 6620 SUNNYSIDE RD.
CITY INDIANAPOLI
STATE IN
ZIP 462360000
MORT $ 31,200.00
BAL $ 30,738.38
RATE 9.990
PAI $ 335.09
CLTV 84.713
MATURITY 121202
FEE 0.5000
LOAN 0000021967237
LAST_NAME WARD
ADDRESS 2875 LAJEAN DRIVE
CITY ALTANTA
STATE GA
ZIP 303490000
MORT $ 61,200.00
BAL $ 58,851.89
RATE 9.990
PAI $ 808.42
CLTV 82.702
MATURITY 71120
FEE 0.5000
LOAN 0000021967294
LAST_NAME SHOMO
ADDRESS 40 RICHARDSON AVENUE
CITY EATONTOWN
STATE NJ
ZIP 077240000
MORT $ 74,500.00
BAL $ 73,818.91
RATE 8.600
PAI $ 651.25
CLTV 75.252
MATURITY 180224
FEE 0.5000
LOAN 0000021967328
LAST_NAME SANDERS
ADDRESS 6224 S. WOLCOTT
CITY CHICAGO
STATE IL
ZIP 606360000
MORT $ 50,400.00
BAL $ 49,824.54
RATE 10.790
PAI $ 566.22
CLTV 70.000
MATURITY 121201
FEE 0.5000
LOAN 0000021967518
LAST_NAME WOODARD
ADDRESS 1525 RAMBLEWOOD ROAD
CITY BALTIMORE
STATE MD
ZIP 212390000
MORT $ 61,200.00
BAL $ 59,891.26
RATE 10.640
PAI $ 681.83
CLTV 79.480
MATURITY 121126
FEE 0.5000
LOAN 0000021967559
LAST_NAME PARKER
ADDRESS 6849 OLD SOLOMON ISLAND R
CITY FRIENDSHIP
STATE MD
ZIP 207580000
MORT $244,000.00
BAL $ 243,142.19
RATE 8.750
PAI $ 1,919.55
CLTV 80.000
MATURITY 121105
FEE 0.5000
LOAN 0000021967617
LAST_NAME TRIPI
ADDRESS 2996 SEBASTIAN LANE
CITY MELBOURNE
STATE FL
ZIP 329350000
MORT $ 88,000.00
BAL $ 87,753.47
RATE 8.950
PAI $ 704.91
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021967625
LAST_NAME MILLIREN
ADDRESS 2120 CLIFT ELRIDGE ROAD
CITY SODDY DAISY
STATE TN
ZIP 373790000
MORT $130,439.00
BAL $ 129,729.47
RATE 9.450
PAI $ 1,092.05
CLTV 70.507
MATURITY 121028
FEE 0.5000
LOAN 0000021967948
LAST_NAME KURINEC
ADDRESS 6001 ROUND HILL ROAD
CITY COLUMBUS
STATE GA
ZIP 319040000
MORT $ 50,000.00
BAL $ 49,341.42
RATE 9.250
PAI $ 1,044.00
CLTV 76.598
MATURITY 30410
FEE 0.5000
LOAN 0000021967989
LAST_NAME CARDINAL
ADDRESS 4719 QUAIL CREEK LANE
CITY BOULDER
STATE CO
ZIP 803010000
MORT $ 18,000.00
BAL $ 17,817.41
RATE 9.400
PAI $ 231.94
CLTV 62.940
MATURITY 80330
FEE 0.5000
LOAN 0000021968607
LAST_NAME DRYE
ADDRESS 4401 EAGLE CHASE DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282160000
MORT $ 57,150.00
BAL $ 57,017.61
RATE 11.490
PAI $ 565.52
CLTV 90.000
MATURITY 121101
FEE 0.5000
LOAN 0000021968722
LAST_NAME BRUCE
ADDRESS 16555 S COPLEY COURT
CITY OREGON CITY
STATE OR
ZIP 970450000
MORT $ 45,000.00
BAL $ 44,521.55
RATE 9.300
PAI $ 413.60
CLTV 55.894
MATURITY 180330
FEE 0.5000
LOAN 0000021968789
LAST_NAME MARDEN
ADDRESS 14232 HOUGHTON
CITY LIVONIA
STATE MI
ZIP 481540000
MORT $ 23,630.00
BAL $ 23,325.25
RATE 10.050
PAI $ 502.65
CLTV 84.997
MATURITY 30427
FEE 0.5000
LOAN 0000021968870
LAST_NAME CURNOW
ADDRESS 21 W MAPLE AVE
CITY BOUND BROOK
STATE NJ
ZIP 088050000
MORT $ 93,400.00
BAL $ 92,753.92
RATE 9.250
PAI $ 768.38
CLTV 69.185
MATURITY 280303
FEE 0.5000
LOAN 0000021968904
LAST_NAME WALSH
ADDRESS RT 1 BOX 600 BOOMER R
CITY BOOMER
STATE NC
ZIP 286060000
MORT $ 55,800.00
BAL $ 55,668.25
RATE 10.650
PAI $ 516.70
CLTV 90.000
MATURITY 121124
FEE 0.5000
LOAN 0000021968995
LAST_NAME PRUITT
ADDRESS 300A MILLER ROAD
CITY MAULDIN
STATE SC
ZIP 296620000
MORT $ 25,000.00
BAL $ 24,584.88
RATE 10.000
PAI $ 268.66
CLTV 83.673
MATURITY 130316
FEE 0.5000
LOAN 0000021969084
LAST_NAME CUMMINGS
ADDRESS 1360 PARKGREEN DRIVE
CITY DIXON
STATE CA
ZIP 956200000
MORT $ 37,388.00
BAL $ 37,291.01
RATE 10.150
PAI $ 364.53
CLTV 80.000
MATURITY 180323
FEE 0.5000
LOAN 0000021969233
LAST_NAME SURBER
ADDRESS 1126 COUNTY SIDE DRIVE
CITY WEBB CITY
STATE MO
ZIP 648700000
MORT $ 16,400.00
BAL $ 16,319.79
RATE 9.900
PAI $ 175.24
CLTV 84.955
MATURITY 130306
FEE 0.5000
LOAN 0000021969290
LAST_NAME GAGLIARDO
ADDRESS 2730 LATTING STREET
CITY BRONX
STATE NY
ZIP 104610000
MORT $304,200.00
BAL $ 303,488.55
RATE 9.950
PAI $ 2,658.34
CLTV 90.000
MATURITY 280204
FEE 0.5000
LOAN 0000021969555
LAST_NAME FISHER
ADDRESS 37 HUDSON RIVER ROAD
CITY WATERFORD
STATE NY
ZIP 121880000
MORT $ 88,000.00
BAL $ 87,935.98
RATE 7.600
PAI $ 621.35
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000021969605
LAST_NAME VEGA
ADDRESS 7642 NORTH LUNDBERG DRIVE
CITY TUCSON
STATE AZ
ZIP 857410000
MORT $ 15,000.00
BAL $ 14,948.68
RATE 9.400
PAI $ 155.74
CLTV 73.630
MATURITY 130420
FEE 0.5000
LOAN 0000021969662
LAST_NAME THOMAS
ADDRESS 216 WHITEOAK STREET
CITY THOMSON
STATE GA
ZIP 308240000
MORT $ 21,100.00
BAL $ 20,989.56
RATE 9.150
PAI $ 215.90
CLTV 64.071
MATURITY 130320
FEE 0.5000
LOAN 0000021969746
LAST_NAME MOORE
ADDRESS 12 SHEFFIELD MANOR DRIVE
CITY NEWARK
STATE DE
ZIP 197110000
MORT $102,000.00
BAL $ 101,393.95
RATE 9.750
PAI $ 1,080.55
CLTV 85.000
MATURITY 130304
FEE 0.5000
LOAN 0000021969779
LAST_NAME READE
ADDRESS 132 NORTH JACKSON STREET
CITY INDEPENDENC
STATE CA
ZIP 935260000
MORT $ 13,494.00
BAL $ 13,461.73
RATE 10.100
PAI $ 145.84
CLTV 84.915
MATURITY 130424
FEE 0.5000
LOAN 0000021969795
LAST_NAME MCCOLLOUGH
ADDRESS 3 FALCON COURT
CITY STAFFORD
STATE VA
ZIP 225540000
MORT $192,000.00
BAL $ 191,196.33
RATE 8.750
PAI $ 1,696.73
CLTV 80.000
MATURITY 180318
FEE 0.5000
LOAN 0000021969977
LAST_NAME FOTI
ADDRESS 2653 MADELINE AVENUE
CITY WINTER PARK
STATE FL
ZIP 327890000
MORT $ 68,000.00
BAL $ 67,919.83
RATE 8.650
PAI $ 530.11
CLTV 75.555
MATURITY 280316
FEE 0.5000
LOAN 0000021969985
LAST_NAME DORTCH
ADDRESS 4124 TROTTER RIDGE ROAD
CITY DURHAM
STATE NC
ZIP 277130000
MORT $ 36,500.00
BAL $ 36,394.39
RATE 9.300
PAI $ 335.48
CLTV 53.325
MATURITY 180330
FEE 0.5000
Page 7
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021970124
LAST_NAME CREWS
ADDRESS 5931 ELLSWORTH STREET
CITY PHILADELPHI
STATE PA
ZIP 191430000
MORT $ 25,100.00
BAL $ 25,034.85
RATE 9.200
PAI $ 257.58
CLTV 69.722
MATURITY 130323
FEE 0.5000
LOAN 0000021970132
LAST_NAME BRANCH
ADDRESS 5845 ST. ELMO AVENUE
CITY CINCINNATI
STATE OH
ZIP 452240000
MORT $ 72,000.00
BAL $ 71,887.97
RATE 8.500
PAI $ 553.62
CLTV 80.000
MATURITY 280304
FEE 0.5000
LOAN 0000021970264
LAST_NAME SOTO
ADDRESS 235 SHERATON AVE
CITY BROOKLYN
STATE NY
ZIP 112080000
MORT $174,000.00
BAL $ 173,691.18
RATE 8.650
PAI $ 1,356.45
CLTV 77.333
MATURITY 280127
FEE 0.5000
LOAN 0000021970348
LAST_NAME TURPEN
ADDRESS 1610 FORT AVENUE
CITY MUSCLE SHOA
STATE AL
ZIP 356600000
MORT $ 32,000.00
BAL $ 32,000.00
RATE 9.450
PAI $ 333.19
CLTV 79.971
MATURITY 130518
FEE 0.5000
LOAN 0000021970389
LAST_NAME TAWIL
ADDRESS 6 LEOS LANE
CITY AVON
STATE MA
ZIP 023220000
MORT $ 20,000.00
BAL $ 19,479.94
RATE 9.900
PAI $ 423.96
CLTV 43.443
MATURITY 30316
FEE 0.5000
LOAN 0000021970405
LAST_NAME KNOPF
ADDRESS 2913 GILL AVENUE
CITY BAKERSFIELD
STATE CA
ZIP 933060000
MORT $ 15,000.00
BAL $ 14,853.65
RATE 10.150
PAI $ 199.48
CLTV 83.843
MATURITY 80318
FEE 0.5000
LOAN 0000021970413
LAST_NAME KENNEDY
ADDRESS 356 ROEBUCK DRIVE
CITY BIRMINGHAM
STATE AL
ZIP 352150000
MORT $ 33,434.00
BAL $ 33,243.51
RATE 8.200
PAI $ 323.39
CLTV 47.090
MATURITY 130311
FEE 0.5000
LOAN 0000021971072
LAST_NAME MILLSPAUGH
ADDRESS 145 BURBANK DRIVE
CITY WARWICK
STATE RI
ZIP 028860000
MORT $ 46,000.00
BAL $ 45,924.77
RATE 8.300
PAI $ 393.40
CLTV 50.000
MATURITY 180407
FEE 0.5000
LOAN 0000021971148
LAST_NAME COWAN
ADDRESS 3908 GLENWOOD DRIVE
CITY SUFFOLK
STATE VA
ZIP 234340000
MORT $ 86,400.00
BAL $ 86,049.11
RATE 9.850
PAI $ 825.21
CLTV 90.000
MATURITY 180225
FEE 0.5000
LOAN 0000021971221
LAST_NAME VACHA
ADDRESS 129 TURNER ROAD
CITY SCITUATE
STATE MA
ZIP 020660000
MORT $ 32,600.00
BAL $ 32,234.09
RATE 12.990
PAI $ 412.25
CLTV 74.903
MATURITY 121107
FEE 0.5000
LOAN 0000021971411
LAST_NAME BACHLOTTE
ADDRESS 2820 HINES RD
CITY WINTERVILLE
STATE NC
ZIP 285900000
MORT $ 44,000.00
BAL $ 43,770.73
RATE 9.200
PAI $ 451.53
CLTV 80.000
MATURITY 130301
FEE 0.5000
LOAN 0000021971452
LAST_NAME LARSON
ADDRESS 16074 WEST RIVER ROAD
CITY COLUMBIA ST
STATE OH
ZIP 440280000
MORT $ 27,800.00
BAL $ 27,723.85
RATE 10.450
PAI $ 276.62
CLTV 75.869
MATURITY 180311
FEE 0.5000
LOAN 0000021971619
LAST_NAME CLARK
ADDRESS 522A WILSON ROAD
CITY WASHINGTON
STATE NJ
ZIP 080120000
MORT $ 77,400.00
BAL $ 76,985.47
RATE 9.990
PAI $ 746.41
CLTV 90.000
MATURITY 180101
FEE 0.5000
LOAN 0000021971957
LAST_NAME KRAFT
ADDRESS 203 BEACH 149 STREET
CITY NEPONSIT
STATE NY
ZIP 116940000
MORT $112,300.00
BAL $ 112,111.70
RATE 8.100
PAI $ 946.33
CLTV 48.826
MATURITY 180401
FEE 0.5000
LOAN 0000021972120
LAST_NAME MOTT
ADDRESS 92 LARCH DRIVE
CITY TOMS RIVER
STATE NJ
ZIP 087530000
MORT $ 60,000.00
BAL $ 59,840.00
RATE 8.900
PAI $ 605.00
CLTV 50.000
MATURITY 130427
FEE 0.5000
LOAN 0000021972351
LAST_NAME COLLEY
ADDRESS 19944 SE STEELHEAD COURT
CITY TENINO
STATE WA
ZIP 985890000
MORT $ 16,500.00
BAL $ 16,427.76
RATE 11.100
PAI $ 188.58
CLTV 69.968
MATURITY 130407
FEE 0.5000
LOAN 0000021972385
LAST_NAME HOLLIS
ADDRESS 329 SW 15TH STREET
CITY DANIA
STATE FL
ZIP 330040000
MORT $ 88,000.00
BAL $ 87,880.96
RATE 9.950
PAI $ 769.02
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000021972492
LAST_NAME LYSKIN
ADDRESS 7470 ADAMS STREET
CITY VENTURA
STATE CA
ZIP 930030000
MORT $ 27,654.00
BAL $ 27,521.21
RATE 10.100
PAI $ 298.87
CLTV 82.069
MATURITY 130317
FEE 0.5000
LOAN 0000021972534
LAST_NAME TERAVEST-COL
ADDRESS 2300 EDSON DRIVE
CITY GEORGETOWN
STATE MI
ZIP 494260000
MORT $ 10,088.00
BAL $ 10,088.00
RATE 9.500
PAI $ 130.54
CLTV 57.525
MATURITY 80522
FEE 0.5000
LOAN 0000021972583
LAST_NAME MCQUEEN
ADDRESS 1016 SHEPARD AVENUE
CITY ROCKY MOUNT
STATE NC
ZIP 278010000
MORT $ 81,900.00
BAL $ 81,824.07
RATE 9.800
PAI $ 706.66
CLTV 89.021
MATURITY 280211
FEE 0.5000
LOAN 0000021972625
LAST_NAME BOWERS
ADDRESS 4015 KING CHARLES ROAD
CITY DURHAM
STATE NC
ZIP 277070000
MORT $ 60,000.00
BAL $ 59,688.77
RATE 9.250
PAI $ 617.52
CLTV 75.479
MATURITY 130306
FEE 0.5000
LOAN 0000021972658
LAST_NAME WOOLERY
ADDRESS 311 WASHINGTON
CITY SMITHTON
STATE MO
ZIP 653500000
MORT $ 62,900.00
BAL $ 62,394.57
RATE 8.550
PAI $ 699.98
CLTV 85.000
MATURITY 100302
FEE 0.5000
LOAN 0000021972757
LAST_NAME MARTINEZ
ADDRESS 45628 CORTE MONTRIL
CITY TEMECULA
STATE CA
ZIP 925920000
MORT $ 17,700.00
BAL $ 17,676.69
RATE 10.000
PAI $ 170.81
CLTV 84.856
MATURITY 180330
FEE 0.5000
LOAN 0000021973144
LAST_NAME GWIN
ADDRESS 217 LEE ST
CITY CHICKSAW
STATE AL
ZIP 366110000
MORT $ 54,180.00
BAL $ 53,913.85
RATE 9.850
PAI $ 577.26
CLTV 87.387
MATURITY 130318
FEE 0.5000
LOAN 0000021973458
LAST_NAME COLE
ADDRESS 5311 NORWICH AVENUE
CITY LOS ANGELES
STATE CA
ZIP 914110000
MORT $ 42,312.00
BAL $ 42,201.53
RATE 10.100
PAI $ 411.13
CLTV 84.763
MATURITY 180309
FEE 0.5000
LOAN 0000021973482
LAST_NAME BROWN
ADDRESS 716 W THIRD
CITY DEMING
STATE NM
ZIP 880300000
MORT $ 22,500.00
BAL $ 22,379.01
RATE 8.850
PAI $ 226.21
CLTV 90.000
MATURITY 130306
FEE 0.5000
LOAN 0000021973508
LAST_NAME PERKINS
ADDRESS 5915 WHITESTONE LANE
CITY SUWANEE
STATE GA
ZIP 301740000
MORT $150,000.00
BAL $ 149,563.20
RATE 9.250
PAI $ 1,373.81
CLTV 72.917
MATURITY 180330
FEE 0.5000
LOAN 0000021973540
LAST_NAME COLBERT
ADDRESS 1123 1ST STREET NORTH
CITY BIRMINGHAM
STATE AL
ZIP 352040000
MORT $ 31,000.00
BAL $ 30,805.13
RATE 10.490
PAI $ 309.29
CLTV 56.363
MATURITY 171216
FEE 0.5000
LOAN 0000021973557
LAST_NAME GERMANAS
ADDRESS 43 A LOS CERROS DE TESUQ
CITY SANTE FE
STATE NM
ZIP 875010000
MORT $ 30,000.00
BAL $ 29,847.15
RATE 9.250
PAI $ 384.10
CLTV 41.155
MATURITY 80421
FEE 0.5000
LOAN 0000021973656
LAST_NAME WORMLEY
ADDRESS 3715 E. SAGE BRUSH AVENUE
CITY QUEEN CREEK
STATE AZ
ZIP 852420000
MORT $ 47,000.00
BAL $ 46,883.97
RATE 9.750
PAI $ 497.91
CLTV 78.668
MATURITY 130406
FEE 0.5000
LOAN 0000021973789
LAST_NAME SANCHEZ
ADDRESS 3509 OLIVIA ROAD
CITY LAS VEGAS
STATE NM
ZIP 877010000
MORT $ 21,000.00
BAL $ 20,724.85
RATE 9.450
PAI $ 440.53
CLTV 77.180
MATURITY 30401
FEE 0.5000
LOAN 0000021973839
LAST_NAME BURROUGH
ADDRESS 124 W 25TH STREET
CITY JACKSONVILL
STATE FL
ZIP 322060000
MORT $ 45,000.00
BAL $ 44,934.21
RATE 10.950
PAI $ 426.85
CLTV 60.810
MATURITY 130206
FEE 0.5000
LOAN 0000021973888
LAST_NAME MOORE
ADDRESS 911 ONSLOW STREET
CITY DURHAM
STATE NC
ZIP 277050000
MORT $ 57,600.00
BAL $ 57,315.44
RATE 8.300
PAI $ 492.60
CLTV 80.000
MATURITY 180204
FEE 0.5000
LOAN 0000021973953
LAST_NAME CANTRELL
ADDRESS 419 NORTH WALNUT STREET
CITY FLORENCE
STATE AL
ZIP 356300000
MORT $ 87,500.00
BAL $ 87,167.99
RATE 12.650
PAI $ 944.05
CLTV 70.000
MATURITY 280223
FEE 0.5000
LOAN 0000021974001
LAST_NAME PERROTTA
ADDRESS 11 POWELL COURT
CITY NORTH BABYL
STATE NY
ZIP 117030000
MORT $ 75,000.00
BAL $ 75,000.00
RATE 8.950
PAI $ 758.48
CLTV 49.342
MATURITY 130504
FEE 0.5000
LOAN 0000021974076
LAST_NAME CUEVAS
ADDRESS 222 S STARGLEN DRIVE
CITY COVINA
STATE CA
ZIP 917240000
MORT $ 20,000.00
BAL $ 19,868.33
RATE 10.100
PAI $ 265.42
CLTV 82.238
MATURITY 80420
FEE 0.5000
LOAN 0000021974423
LAST_NAME SELDON
ADDRESS 8800 NW 24TH AVENUE
CITY MIAMI
STATE FL
ZIP 331470000
MORT $ 56,000.00
BAL $ 55,815.18
RATE 8.300
PAI $ 544.91
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000021974548
LAST_NAME MORRISON
ADDRESS 6392 SIDNEY
CITY TOWNSHIP OF
STATE MI
ZIP 481160000
MORT $ 71,400.00
BAL $ 71,326.42
RATE 9.300
PAI $ 589.98
CLTV 85.000
MATURITY 130310
FEE 0.5000
LOAN 0000021974563
LAST_NAME FLEMING
ADDRESS 1211 DEWITT STREET
CITY PANAMA CITY
STATE FL
ZIP 324010000
MORT $ 35,000.00
BAL $ 34,074.43
RATE 9.250
PAI $ 730.80
CLTV 69.017
MATURITY 30309
FEE 0.5000
LOAN 0000021974621
LAST_NAME HUGHES
ADDRESS 3853 S 88TH EAST AVENUE
CITY TULSA
STATE OK
ZIP 741450000
MORT $ 57,600.00
BAL $ 57,048.75
RATE 8.650
PAI $ 449.03
CLTV 80.000
MATURITY 280201
FEE 0.5000
LOAN 0000021974803
LAST_NAME RYAN
ADDRESS 625 TOWNSHIP LINE ROAD
CITY ABINGTON TO
STATE PA
ZIP 191170000
MORT $ 72,100.00
BAL $ 71,913.72
RATE 9.250
PAI $ 742.05
CLTV 79.997
MATURITY 130420
FEE 0.5000
Page 8
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021974811
LAST_NAME ATKINS
ADDRESS 80 MAYER DRIVE
CITY HIGHLAND
STATE NY
ZIP 125280000
MORT $106,250.00
BAL $ 106,078.89
RATE 10.500
PAI $ 971.91
CLTV 85.000
MATURITY 280101
FEE 0.5000
LOAN 0000021974985
LAST_NAME GORDON
ADDRESS 742 ACOSTA ST
CITY JACKSONVILL
STATE FL
ZIP 322040000
MORT $ 42,500.00
BAL $ 42,163.45
RATE 10.950
PAI $ 437.24
CLTV 85.000
MATURITY 180223
FEE 0.5000
LOAN 0000021975222
LAST_NAME MYLER
ADDRESS 5522 LAKE VISTA
CITY WATERFORD
STATE MI
ZIP 483270000
MORT $ 15,000.00
BAL $ 14,956.30
RATE 9.250
PAI $ 137.39
CLTV 44.720
MATURITY 180309
FEE 0.5000
LOAN 0000021975453
LAST_NAME COOPERSMITH
ADDRESS 23 MONGAUP ROAD
CITY MONTICELLO
STATE NY
ZIP 127010000
MORT $ 50,000.00
BAL $ 49,937.30
RATE 8.350
PAI $ 379.16
CLTV 69.444
MATURITY 130318
FEE 0.5000
LOAN 0000021975503
LAST_NAME WILEY
ADDRESS 502 PAWNEE STREET
CITY TAYLORVILLE
STATE IL
ZIP 625680000
MORT $ 34,200.00
BAL $ 34,164.39
RATE 9.250
PAI $ 281.36
CLTV 90.000
MATURITY 130303
FEE 0.5000
LOAN 0000021975651
LAST_NAME JORDAN
ADDRESS 194 OLDE FORGE ROAD
CITY HANOVER
STATE MA
ZIP 023390000
MORT $ 40,000.00
BAL $ 39,590.81
RATE 9.250
PAI $ 512.14
CLTV 79.977
MATURITY 80324
FEE 0.5000
LOAN 0000021975669
LAST_NAME YOUNG
ADDRESS 2360 HIETER ROAD
CITY QUAKERTOWN
STATE PA
ZIP 189510000
MORT $ 25,150.00
BAL $ 25,088.76
RATE 9.900
PAI $ 268.73
CLTV 84.977
MATURITY 130406
FEE 0.5000
LOAN 0000021975909
LAST_NAME BREWINGTON
ADDRESS 34 GRAVEL LANE
CITY CLINTON
STATE NC
ZIP 283280000
MORT $ 38,250.00
BAL $ 37,729.94
RATE 11.450
PAI $ 536.68
CLTV 85.000
MATURITY 80202
FEE 0.5000
LOAN 0000021976220
LAST_NAME SCOTT-BRICE
ADDRESS 287 WINTHROP STREET
CITY BROOKLYN
STATE NY
ZIP 112250000
MORT $118,000.00
BAL $ 116,840.06
RATE 8.990
PAI $ 1,060.92
CLTV 63.783
MATURITY 171113
FEE 0.5000
LOAN 0000021976337
LAST_NAME MUETZEL
ADDRESS 6230 MISTOVER LANE
CITY CANAL WINCH
STATE OH
ZIP 431100000
MORT $ 20,000.00
BAL $ 19,794.26
RATE 9.150
PAI $ 254.98
CLTV 40.609
MATURITY 80323
FEE 0.5000
LOAN 0000021976642
LAST_NAME MATHESON
ADDRESS 13307 ARDENNES AVENUE
CITY ROCKVILLE
STATE MD
ZIP 208510000
MORT $132,000.00
BAL $ 131,569.45
RATE 8.350
PAI $ 1,133.03
CLTV 80.000
MATURITY 180317
FEE 0.5000
LOAN 0000021976790
LAST_NAME BLOOMER
ADDRESS 1066 CARISLE CIRCLE
CITY NORMAN
STATE OK
ZIP 730690000
MORT $ 50,000.00
BAL $ 49,437.76
RATE 7.550
PAI $ 594.82
CLTV 78.125
MATURITY 80304
FEE 0.5000
LOAN 0000021976808
LAST_NAME LOPEZ
ADDRESS 51 HUNTINGTON ROAD
CITY HADLEY
STATE MA
ZIP 010350000
MORT $214,400.00
BAL $ 213,093.77
RATE 7.550
PAI $ 1,993.62
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000021976816
LAST_NAME HALL
ADDRESS 902 WALL STREET
CITY IVA
STATE SC
ZIP 296550000
MORT $ 73,100.00
BAL $ 73,042.27
RATE 10.550
PAI $ 671.41
CLTV 85.000
MATURITY 130309
FEE 0.5000
LOAN 0000021976840
LAST_NAME MONDAY
ADDRESS 1308 BOY SCOUT ROAD
CITY HIXSON
STATE TN
ZIP 373430000
MORT $ 16,000.00
BAL $ 15,877.49
RATE 9.250
PAI $ 184.35
CLTV 48.095
MATURITY 100301
FEE 0.5000
LOAN 0000021976857
LAST_NAME MERRITT
ADDRESS 1540 WEST LANE
CITY PETERSBURG
STATE VA
ZIP 238030000
MORT $ 50,400.00
BAL $ 49,872.72
RATE 8.850
PAI $ 634.37
CLTV 80.000
MATURITY 80316
FEE 0.5000
LOAN 0000021976873
LAST_NAME JENSEN
ADDRESS 1737 BRIARGLEN LANE
CITY SANDY
STATE UT
ZIP 840920000
MORT $127,300.00
BAL $ 126,551.97
RATE 7.850
PAI $ 1,205.55
CLTV 51.959
MATURITY 130301
FEE 0.5000
LOAN 0000021977335
LAST_NAME SHARAK
ADDRESS 528 MARSH CIRCLE
CITY ST. SIMONS
STATE GA
ZIP 315220000
MORT $ 20,000.00
BAL $ 19,793.09
RATE 9.050
PAI $ 253.90
CLTV 46.561
MATURITY 80317
FEE 0.5000
LOAN 0000021977343
LAST_NAME RAMSEY
ADDRESS 428 HAMILTON ROAD
CITY SATSUMA
STATE FL
ZIP 321890000
MORT $ 34,000.00
BAL $ 33,817.17
RATE 8.850
PAI $ 341.83
CLTV 68.000
MATURITY 130302
FEE 0.5000
LOAN 0000021977442
LAST_NAME SHERIDAN
ADDRESS 33 ELMWOOD ROAD
CITY VERONA
STATE NJ
ZIP 070440000
MORT $ 15,000.00
BAL $ 14,961.76
RATE 9.400
PAI $ 155.74
CLTV 70.719
MATURITY 130325
FEE 0.5000
LOAN 0000021977459
LAST_NAME ENGLISH
ADDRESS 322 S REDLANDS ROAD
CITY GRAND JUNCT
STATE CO
ZIP 815030000
MORT $ 85,400.00
BAL $ 85,129.78
RATE 10.000
PAI $ 749.45
CLTV 70.000
MATURITY 271101
FEE 0.5000
LOAN 0000021977673
LAST_NAME KLINKOSH
ADDRESS 5615 16TH STREET
CITY RACINE
STATE WI
ZIP 534060000
MORT $ 45,500.00
BAL $ 45,409.86
RATE 9.800
PAI $ 433.08
CLTV 84.259
MATURITY 180413
FEE 0.5000
LOAN 0000021977731
LAST_NAME SHEPPARD
ADDRESS 675 TURBRIDGE COURT
CITY ALPHARETTA
STATE GA
ZIP 302020000
MORT $ 40,000.00
BAL $ 39,588.52
RATE 9.150
PAI $ 509.96
CLTV 77.281
MATURITY 80316
FEE 0.5000
LOAN 0000021977764
LAST_NAME ELSEN
ADDRESS 501 GLEN ECHO ROAD
CITY NAPERVILLE
STATE IL
ZIP 605650000
MORT $162,400.00
BAL $ 161,836.38
RATE 7.850
PAI $ 1,343.26
CLTV 80.000
MATURITY 180310
FEE 0.5000
LOAN 0000021977814
LAST_NAME LAMB
ADDRESS 5700 W COUNTY ROAD 1070 N
CITY GASTON
STATE IN
ZIP 473420000
MORT $ 71,200.00
BAL $ 71,016.52
RATE 9.100
PAI $ 578.03
CLTV 76.641
MATURITY 130101
FEE 0.5000
LOAN 0000021977822
LAST_NAME WRIGHT
ADDRESS 130 MOORE DAIRY ROAD
CITY MOORE
STATE SC
ZIP 293690000
MORT $ 49,725.00
BAL $ 49,604.17
RATE 10.650
PAI $ 501.46
CLTV 85.000
MATURITY 180302
FEE 0.5000
LOAN 0000021978085
LAST_NAME LEFAVE
ADDRESS 33 LARCH ROAD
CITY MILFORD
STATE NH
ZIP 030550000
MORT $ 95,200.00
BAL $ 95,147.99
RATE 9.000
PAI $ 766.01
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000021978101
LAST_NAME WOJNOWSKI
ADDRESS 15563 HOWE ROAD
CITY STRONGSVILL
STATE OH
ZIP 441360000
MORT $139,500.00
BAL $ 138,888.33
RATE 8.650
PAI $ 1,223.89
CLTV 90.000
MATURITY 180303
FEE 0.5000
LOAN 0000021978465
LAST_NAME COULOMBE
ADDRESS 61 ROCKLAND STREET
CITY CANTON
STATE MA
ZIP 020210000
MORT $134,400.00
BAL $ 133,984.80
RATE 7.900
PAI $ 1,276.64
CLTV 80.000
MATURITY 130323
FEE 0.5000
LOAN 0000021978549
LAST_NAME KENNEDY
ADDRESS 595 W 800 SOUTH
CITY ALPINE
STATE UT
ZIP 840040000
MORT $132,800.00
BAL $ 132,623.00
RATE 8.050
PAI $ 979.07
CLTV 80.000
MATURITY 280301
FEE 0.5000
LOAN 0000021979356
LAST_NAME SIMPSON
ADDRESS 318 S COLLINGTON AVE
CITY BALTIMORE
STATE MD
ZIP 212310000
MORT $ 54,000.00
BAL $ 53,913.15
RATE 9.125
PAI $ 439.36
CLTV 75.683
MATURITY 130219
FEE 0.5000
LOAN 0000021979414
LAST_NAME WHITLEY
ADDRESS 708 SOUTH GERRARD
CITY INDIANAPOLI
STATE IN
ZIP 462410000
MORT $ 13,800.00
BAL $ 13,732.24
RATE 9.900
PAI $ 181.61
CLTV 84.940
MATURITY 80420
FEE 0.5000
LOAN 0000021979554
LAST_NAME ZAWALNIAK
ADDRESS 5711 GREENWOOD ROAD
CITY RINGWOOD
STATE IL
ZIP 600970000
MORT $ 50,000.00
BAL $ 50,000.00
RATE 10.050
PAI $ 484.17
CLTV 62.613
MATURITY 180515
FEE 0.5000
LOAN 0000021979760
LAST_NAME DANUBIO
ADDRESS 63 SUMMIT AVENUE
CITY WALDWICK
STATE NJ
ZIP 074630000
MORT $ 35,000.00
BAL $ 34,908.75
RATE 9.150
PAI $ 358.13
CLTV 78.050
MATURITY 130401
FEE 0.5000
LOAN 0000021979869
LAST_NAME CHAPPELL
ADDRESS 1234 N EL MOLINO AVENUE
CITY PASADENA
STATE CA
ZIP 911040000
MORT $112,000.00
BAL $ 111,681.33
RATE 8.875
PAI $ 891.13
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021979893
LAST_NAME KIDD
ADDRESS 10602 E 134TH AVENUE
CITY PUYALLUP
STATE WA
ZIP 983740000
MORT $111,900.00
BAL $ 111,582.64
RATE 9.000
PAI $ 900.38
CLTV 78.802
MATURITY 271201
FEE 0.5000
LOAN 0000021979992
LAST_NAME FOULK
ADDRESS 269 DELPHINIUM STREET
CITY ENCINITAS
STATE CA
ZIP 920240000
MORT $ 20,000.00
BAL $ 19,962.68
RATE 10.875
PAI $ 188.58
CLTV 13.793
MATURITY 271201
FEE 0.5000
LOAN 0000021980040
LAST_NAME PHILLIPS
ADDRESS 308 LAUREL AVENUE
CITY SELMA
STATE AL
ZIP 367010000
MORT $ 16,300.00
BAL $ 16,160.24
RATE 9.600
PAI $ 171.20
CLTV 79.878
MATURITY 130323
FEE 0.5000
LOAN 0000021980073
LAST_NAME MENDOZA
ADDRESS 4980 BUTTE FALLS HWY
CITY EAGLE POINT
STATE OR
ZIP 975240000
MORT $119,000.00
BAL $ 118,717.84
RATE 9.750
PAI $ 1,022.40
CLTV 85.000
MATURITY 271201
FEE 0.5000
LOAN 0000021980115
LAST_NAME PORTER
ADDRESS 45 ROCKWELL STREET
CITY DORCHESTER
STATE MA
ZIP 021240000
MORT $ 16,200.00
BAL $ 16,200.00
RATE 11.050
PAI $ 352.64
CLTV 50.991
MATURITY 30427
FEE 0.5000
LOAN 0000021980222
LAST_NAME GALVAN
ADDRESS 1931 W SCHOOL AVE
CITY PORTERVILLE
STATE CA
ZIP 932570000
MORT $ 69,200.00
BAL $ 69,021.49
RATE 9.375
PAI $ 575.58
CLTV 84.907
MATURITY 271201
FEE 0.5000
Page 9
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021980230
LAST_NAME ETHERIDGE
ADDRESS 1691 SUMTER STREET
CITY GEORGETOWN
STATE SC
ZIP 294400000
MORT $ 42,900.00
BAL $ 42,677.46
RATE 9.250
PAI $ 441.53
CLTV 66.000
MATURITY 130311
FEE 0.5000
LOAN 0000021980305
LAST_NAME MCMILLIN
ADDRESS 522 N 31ST STREET
CITY COLORADO SP
STATE CO
ZIP 809040000
MORT $100,000.00
BAL $ 99,721.74
RATE 9.875
PAI $ 868.35
CLTV 80.000
MATURITY 271101
FEE 0.5000
LOAN 0000021980339
LAST_NAME PARKER
ADDRESS 30955 RUNNING BIRD LANE
CITY STEAMBOAT S
STATE CO
ZIP 804770000
MORT $271,830.00
BAL $ 271,448.90
RATE 7.800
PAI $ 1,956.83
CLTV 85.000
MATURITY 130309
FEE 0.5000
LOAN 0000021980446
LAST_NAME GOLDMAN
ADDRESS 10840 DOUGLASS SWAMP ROAD
CITY LYNCHBURG
STATE SC
ZIP 290800000
MORT $ 92,650.00
BAL $ 91,883.10
RATE 8.600
PAI $ 917.80
CLTV 85.000
MATURITY 130202
FEE 0.5000
LOAN 0000021980479
LAST_NAME MANUEL
ADDRESS 11178 SOUTH HERMOSA
CITY CHICAGO
STATE IL
ZIP 606430000
MORT $ 76,000.00
BAL $ 72,595.26
RATE 10.840
PAI $ 856.20
CLTV 81.720
MATURITY 121215
FEE 0.5000
LOAN 0000021980503
LAST_NAME FAIRCHILD
ADDRESS 113 S 410 EAST
CITY RUPERT
STATE ID
ZIP 833500000
MORT $110,450.00
BAL $ 110,080.84
RATE 9.000
PAI $ 888.71
CLTV 77.237
MATURITY 271101
FEE 0.5000
LOAN 0000021980560
LAST_NAME HOSKING
ADDRESS 1045 EDWARDS VILLAGE BLV
CITY EDWARDS
STATE CO
ZIP 816200000
MORT $150,300.00
BAL $ 148,641.99
RATE 9.500
PAI $ 1,263.81
CLTV 78.691
MATURITY 271101
FEE 0.5000
LOAN 0000021980594
LAST_NAME HURTADO
ADDRESS 17531 WRIGHTWOOD LANE
CITY HUNTINGTON
STATE CA
ZIP 926490000
MORT $192,000.00
BAL $ 191,436.93
RATE 9.625
PAI $ 1,631.98
CLTV 80.000
MATURITY 271101
FEE 0.5000
LOAN 0000021980750
LAST_NAME FICHTER
ADDRESS 354 MARBLE ROAD
CITY GRANBY
STATE CO
ZIP 804460000
MORT $ 30,000.00
BAL $ 30,000.00
RATE 9.050
PAI $ 270.89
CLTV 58.324
MATURITY 180428
FEE 0.5000
LOAN 0000021980883
LAST_NAME HILL
ADDRESS 464 PINE RIVER RANCH
CITY BAYFIELD
STATE CO
ZIP 811220000
MORT $ 25,000.00
BAL $ 24,934.22
RATE 9.050
PAI $ 254.32
CLTV 44.730
MATURITY 130403
FEE 0.5000
LOAN 0000021981022
LAST_NAME CLARK
ADDRESS 1214 OAKLANE CIRCLE NORTH
CITY MOBILE
STATE AL
ZIP 366180000
MORT $ 35,000.00
BAL $ 34,715.22
RATE 10.840
PAI $ 357.46
CLTV 72.916
MATURITY 180318
FEE 0.5000
LOAN 0000021981063
LAST_NAME MAREK
ADDRESS 7819 SW BARNARD DRIVE
CITY BEAVERTON
STATE OR
ZIP 970070000
MORT $ 35,800.00
BAL $ 35,431.72
RATE 9.150
PAI $ 456.42
CLTV 77.245
MATURITY 80325
FEE 0.5000
LOAN 0000021981105
LAST_NAME TUCKER
ADDRESS 1052 EVANS ST.
CITY ELKHART
STATE IN
ZIP 465160000
MORT $ 12,000.00
BAL $ 11,838.25
RATE 8.950
PAI $ 121.36
CLTV 22.222
MATURITY 121212
FEE 0.5000
LOAN 0000021981121
LAST_NAME MITCHELL
ADDRESS 8051 BANKHEAD HIGHWAY
CITY DORA
STATE AL
ZIP 350620000
MORT $ 52,000.00
BAL $ 51,309.55
RATE 9.450
PAI $ 435.35
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021981170
LAST_NAME LOPEZ
ADDRESS 1218 WEST WASATCH DOWNS D
CITY SOUTH JORDA
STATE UT
ZIP 840950000
MORT $ 49,288.00
BAL $ 49,226.21
RATE 8.350
PAI $ 373.75
CLTV 79.999
MATURITY 130301
FEE 0.5000
LOAN 0000021981220
LAST_NAME BURGIS
ADDRESS 6715 LAWNTON AVENUE
CITY PHILADELPHI
STATE PA
ZIP 191260000
MORT $ 25,000.00
BAL $ 25,000.00
RATE 10.050
PAI $ 269.42
CLTV 77.000
MATURITY 130413
FEE 0.5000
LOAN 0000021981337
LAST_NAME HUTCHINGS
ADDRESS 16700 MOUNT MADONNA ROAD
CITY MORGAN HILL
STATE CA
ZIP 950300000
MORT $104,000.00
BAL $ 103,711.65
RATE 9.000
PAI $ 836.81
CLTV 37.818
MATURITY 271201
FEE 0.5000
LOAN 0000021981345
LAST_NAME WATSON
ADDRESS 2767 NAHUNTA RD
CITY PIKEVILLE
STATE NC
ZIP 278630000
MORT $ 78,750.00
BAL $ 78,538.99
RATE 12.990
PAI $ 922.05
CLTV 90.000
MATURITY 180211
FEE 0.5000
LOAN 0000021981451
LAST_NAME BRADFORD
ADDRESS 520 N MILLER STREET
CITY SANTA MARIA
STATE CA
ZIP 934540000
MORT $142,400.00
BAL $ 142,044.18
RATE 9.500
PAI $ 1,197.38
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021981659
LAST_NAME EMPSON
ADDRESS 1319 SPRING STREET EXT
CITY GROTON
STATE NY
ZIP 130730000
MORT $ 55,200.00
BAL $ 55,124.91
RATE 7.950
PAI $ 403.12
CLTV 80.000
MATURITY 130306
FEE 0.5000
LOAN 0000021981766
LAST_NAME FAIRCHILD
ADDRESS 4095 STEVENSVILLE RIVER R
CITY STEVENSVILL
STATE MT
ZIP 598700000
MORT $103,000.00
BAL $ 102,755.78
RATE 9.750
PAI $ 884.93
CLTV 68.666
MATURITY 280101
FEE 0.5000
LOAN 0000021981840
LAST_NAME KAZMIERCZAK
ADDRESS 1201 WEST DECATUR PLACE
CITY BROKEN ARRO
STATE OK
ZIP 740110000
MORT $ 85,000.00
BAL $ 84,509.26
RATE 8.050
PAI $ 814.76
CLTV 85.000
MATURITY 130310
FEE 0.5000
LOAN 0000021981881
LAST_NAME DAY
ADDRESS 220 COIN DU LESTIN DRIVE
CITY SLIDELL
STATE LA
ZIP 704600000
MORT $ 12,000.00
BAL $ 12,000.00
RATE 9.250
PAI $ 153.64
CLTV 63.028
MATURITY 80513
FEE 0.5000
LOAN 0000021981964
LAST_NAME MILES
ADDRESS 112 PINE FOREST DRIVE
CITY EASLEY
STATE SC
ZIP 296400000
MORT $ 92,000.00
BAL $ 91,819.89
RATE 10.650
PAI $ 851.89
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021981998
LAST_NAME WILLIS
ADDRESS 1620 ANNIE STREET
CITY WEST BEND
STATE WI
ZIP 530900000
MORT $ 94,000.00
BAL $ 93,884.51
RATE 8.450
PAI $ 719.46
CLTV 78.991
MATURITY 280301
FEE 0.5000
LOAN 0000021982137
LAST_NAME JONES
ADDRESS 4320 ROSARY LANE
CITY SHREVEPORT
STATE LA
ZIP 711080000
MORT $ 15,800.00
BAL $ 14,781.83
RATE 10.750
PAI $ 341.56
CLTV 49.375
MATURITY 21201
FEE 0.5000
LOAN 0000021982145
LAST_NAME ROLLING
ADDRESS 90 HERZL STREET
CITY BROOKLYN
STATE NY
ZIP 112120000
MORT $100,000.00
BAL $ 99,366.57
RATE 7.900
PAI $ 830.23
CLTV 62.500
MATURITY 180303
FEE 0.5000
LOAN 0000021982160
LAST_NAME MANN
ADDRESS 3770 MARBURG AVENUE
CITY CINCINNATI
STATE OH
ZIP 452090000
MORT $151,300.00
BAL $ 151,161.21
RATE 9.850
PAI $ 1,311.03
CLTV 85.000
MATURITY 130227
FEE 0.5000
LOAN 0000021982202
LAST_NAME WHICKER
ADDRESS 255 PLUM STREET
CITY AURORA
STATE IL
ZIP 605060000
MORT $108,000.00
BAL $ 107,858.94
RATE 8.150
PAI $ 803.79
CLTV 76.056
MATURITY 130302
FEE 0.5000
LOAN 0000021982327
LAST_NAME JAIME
ADDRESS 322 12TH AVENUE NE
CITY ST. PETERSB
STATE FL
ZIP 337010000
MORT $ 70,000.00
BAL $ 68,841.26
RATE 7.950
PAI $ 847.45
CLTV 58.333
MATURITY 80302
FEE 0.5000
LOAN 0000021982343
LAST_NAME HARROD
ADDRESS 3060 PARKER CREEK ROAD
CITY PRINCE FRED
STATE MD
ZIP 206780000
MORT $100,400.00
BAL $ 100,254.49
RATE 10.990
PAI $ 955.38
CLTV 80.000
MATURITY 271229
FEE 0.5000
LOAN 0000021982384
LAST_NAME CALHOUN
ADDRESS 8 DANUBE COURT
CITY REISTERSTOW
STATE MD
ZIP 211360000
MORT $100,000.00
BAL $ 99,707.75
RATE 8.800
PAI $ 790.27
CLTV 80.000
MATURITY 271203
FEE 0.5000
LOAN 0000021982517
LAST_NAME GORDON
ADDRESS 2330 DUANE STREET NO 105
CITY LOS ANGELES
STATE CA
ZIP 900390000
MORT $ 18,000.00
BAL $ 18,000.00
RATE 9.250
PAI $ 375.84
CLTV 74.022
MATURITY 30427
FEE 0.5000
LOAN 0000021982525
LAST_NAME MANSON
ADDRESS 39 JOHN STREET
CITY ROCKAWAY
STATE NJ
ZIP 078660000
MORT $ 66,000.00
BAL $ 65,456.01
RATE 11.850
PAI $ 785.75
CLTV 79.866
MATURITY 121219
FEE 0.5000
LOAN 0000021982657
LAST_NAME STEWART
ADDRESS 3149 CHERRY ROAD NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $ 65,000.00
BAL $ 64,335.48
RATE 9.500
PAI $ 678.75
CLTV 60.185
MATURITY 121230
FEE 0.5000
LOAN 0000021982806
LAST_NAME BATES
ADDRESS 2345 W 700 NORTH
CITY COLUMBIA CI
STATE IN
ZIP 467250000
MORT $ 27,400.00
BAL $ 26,627.50
RATE 8.990
PAI $ 346.94
CLTV 68.500
MATURITY 71215
FEE 0.5000
LOAN 0000021982954
LAST_NAME BUTTRICK
ADDRESS 50 WEST STREET
CITY COTUIT
STATE MA
ZIP 026350000
MORT $ 99,000.00
BAL $ 98,463.56
RATE 7.550
PAI $ 800.57
CLTV 73.880
MATURITY 180302
FEE 0.5000
LOAN 0000021983077
LAST_NAME CAMPBELL
ADDRESS 27875 GALETON ROAD
CITY CANYON COUN
STATE CA
ZIP 913510000
MORT $ 32,000.00
BAL $ 31,562.78
RATE 7.850
PAI $ 646.55
CLTV 18.823
MATURITY 30403
FEE 0.5000
LOAN 0000021983085
LAST_NAME HOOD
ADDRESS 7205 REBEL ROAD
CITY MILTON
STATE FL
ZIP 325830000
MORT $ 55,200.00
BAL $ 55,200.00
RATE 11.250
PAI $ 536.14
CLTV 80.000
MATURITY 280303
FEE 0.5000
LOAN 0000021983119
LAST_NAME BOYD
ADDRESS 541 HOWELLTON ROAD
CITY ORANGE
STATE CT
ZIP 064770000
MORT $ 86,000.00
BAL $ 85,820.36
RATE 7.850
PAI $ 622.07
CLTV 41.747
MATURITY 280301
FEE 0.5000
LOAN 0000021983184
LAST_NAME IVEY
ADDRESS 205 E STAGECOACH ROAD
CITY MEBANE
STATE NC
ZIP 273020000
MORT $ 65,600.00
BAL $ 65,412.61
RATE 9.400
PAI $ 607.20
CLTV 65.600
MATURITY 180301
FEE 0.5000
Page 10
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EXHIBIT 'C'
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LOAN 0000021983259
LAST_NAME PERRY
ADDRESS 231 WEST 41ST AVENUE
CITY SAN MATEO
STATE CA
ZIP 944030000
MORT $ 35,000.00
BAL $ 34,908.70
RATE 9.150
PAI $ 358.13
CLTV 65.541
MATURITY 130403
FEE 0.5000
LOAN 0000021983416
LAST_NAME MILLER
ADDRESS 5065 BISCAYNE DRIVE
CITY COLUMBUS
STATE GA
ZIP 319070000
MORT $ 46,400.00
BAL $ 46,355.59
RATE 9.650
PAI $ 395.25
CLTV 80.000
MATURITY 280301
FEE 0.5000
LOAN 0000021983440
LAST_NAME CROOKS
ADDRESS 6 MORGAN STREET
CITY AVOCA
STATE NY
ZIP 148090000
MORT $ 34,600.00
BAL $ 34,328.73
RATE 8.750
PAI $ 305.76
CLTV 76.888
MATURITY 171216
FEE 0.5000
LOAN 0000021983457
LAST_NAME BERRY
ADDRESS 5819 N. GALENA ROAD
CITY PEORIA
STATE IL
ZIP 616140000
MORT $ 28,000.00
BAL $ 27,000.04
RATE 8.450
PAI $ 274.91
CLTV 77.777
MATURITY 130330
FEE 0.5000
LOAN 0000021983663
LAST_NAME PETERSEN
ADDRESS 609 BAY BLOSSOM DRIVE
CITY WILMINGTON
STATE NC
ZIP 284050000
MORT $ 13,450.00
BAL $ 13,414.93
RATE 9.150
PAI $ 137.63
CLTV 79.999
MATURITY 130410
FEE 0.5000
LOAN 0000021983705
LAST_NAME FISH
ADDRESS 7200 PAW PAW LAKE RD
CITY COLOMA
STATE MI
ZIP 490380000
MORT $ 64,000.00
BAL $ 63,964.30
RATE 8.900
PAI $ 510.37
CLTV 80.000
MATURITY 280310
FEE 0.5000
LOAN 0000021983721
LAST_NAME CRAWLEY
ADDRESS 116 MAPLEWOOD DRIVE
CITY NOBLESVILLE
STATE IN
ZIP 460600000
MORT $ 30,000.00
BAL $ 29,606.28
RATE 10.050
PAI $ 397.29
CLTV 75.809
MATURITY 80316
FEE 0.5000
LOAN 0000021983747
LAST_NAME GILCHRIST
ADDRESS 2417 LOYOLA SOUTH WAY
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $ 49,200.00
BAL $ 49,131.31
RATE 12.200
PAI $ 513.66
CLTV 80.000
MATURITY 121209
FEE 0.5000
LOAN 0000021983903
LAST_NAME REAGAN
ADDRESS 801 OXFORD WAY
CITY BENICIA
STATE CA
ZIP 945100000
MORT $ 30,000.00
BAL $ 30,000.00
RATE 9.950
PAI $ 636.68
CLTV 61.457
MATURITY 30512
FEE 0.5000
LOAN 0000021983929
LAST_NAME VANGILDER
ADDRESS 633 SOUTH MILITARY HIGHWA
CITY VIRGINIA BE
STATE VA
ZIP 234640000
MORT $ 29,500.00
BAL $ 29,423.09
RATE 9.150
PAI $ 301.85
CLTV 78.121
MATURITY 130420
FEE 0.5000
LOAN 0000021983986
LAST_NAME STANDAFER
ADDRESS 7499 NEWKIRK DRIVE
CITY TOWNSHIP OF
STATE OH
ZIP 450110000
MORT $ 14,300.00
BAL $ 13,928.17
RATE 9.900
PAI $ 303.13
CLTV 84.999
MATURITY 30324
FEE 0.5000
LOAN 0000021984034
LAST_NAME MASON
ADDRESS 719 CHANDLER ROAD
CITY DURHAM
STATE NC
ZIP 277030000
MORT $ 95,200.00
BAL $ 94,139.44
RATE 9.850
PAI $ 1,250.19
CLTV 85.000
MATURITY 80309
FEE 0.5000
LOAN 0000021984083
LAST_NAME MEJIA
ADDRESS 16631 S. CHARNSWOOD STREE
CITY TINLEY PARK
STATE IL
ZIP 604770000
MORT $148,000.00
BAL $ 147,806.70
RATE 8.150
PAI $ 1,101.49
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000021984166
LAST_NAME HILL
ADDRESS 16535 W 287TH STREET
CITY PAOLA
STATE KS
ZIP 660710000
MORT $ 25,000.00
BAL $ 24,768.46
RATE 15.000
PAI $ 349.90
CLTV 67.550
MATURITY 121117
FEE 0.5000
LOAN 0000021984174
LAST_NAME KEELER
ADDRESS 480 FIELD POINT ROAD
CITY GREENWICH
STATE CT
ZIP 068300000
MORT $110,000.00
BAL $ 110,000.00
RATE 9.200
PAI $ 1,128.82
CLTV 61.849
MATURITY 130527
FEE 0.5000
LOAN 0000021984216
LAST_NAME VAN HORN
ADDRESS 127 APPLEGATE DRIVE
CITY STERLING
STATE VA
ZIP 221700000
MORT $ 25,000.00
BAL $ 24,799.30
RATE 9.150
PAI $ 255.81
CLTV 65.229
MATURITY 130417
FEE 0.5000
LOAN 0000021984232
LAST_NAME COOK
ADDRESS 10675 COUNTY ROAD 469
CITY CENTER HILL
STATE FL
ZIP 335140000
MORT $ 60,000.00
BAL $ 59,890.94
RATE 11.590
PAI $ 598.30
CLTV 80.000
MATURITY 121208
FEE 0.5000
LOAN 0000021984281
LAST_NAME GRIFFITH
ADDRESS 55 ROCK CREEK ROAD
CITY TRENTON
STATE SC
ZIP 298470000
MORT $ 36,350.00
BAL $ 35,958.96
RATE 8.350
PAI $ 447.78
CLTV 68.584
MATURITY 80313
FEE 0.5000
LOAN 0000021984315
LAST_NAME DIXON
ADDRESS 1215 E GEORGIA ROAD
CITY WOODRUFF
STATE SC
ZIP 293880000
MORT $ 63,400.00
BAL $ 63,339.73
RATE 10.350
PAI $ 572.85
CLTV 49.185
MATURITY 130301
FEE 0.5000
LOAN 0000021984448
LAST_NAME REPAY
ADDRESS 1611 MYRTLE AVENUE
CITY HAMMOND
STATE IN
ZIP 463940000
MORT $ 41,700.00
BAL $ 41,555.19
RATE 7.850
PAI $ 344.92
CLTV 67.258
MATURITY 180312
FEE 0.5000
LOAN 0000021984604
LAST_NAME RIVERA
ADDRESS 571 BRUCE AVENUE
CITY STRATFORD
STATE CT
ZIP 064970000
MORT $ 21,000.00
BAL $ 20,872.34
RATE 10.750
PAI $ 213.20
CLTV 84.603
MATURITY 180105
FEE 0.5000
LOAN 0000021984653
LAST_NAME DUNAWAY
ADDRESS 1624 JEFFERSON AVENUE
CITY COVINGTON
STATE KY
ZIP 410140000
MORT $ 28,125.00
BAL $ 27,943.86
RATE 8.950
PAI $ 284.43
CLTV 78.125
MATURITY 130303
FEE 0.5000
LOAN 0000021984661
LAST_NAME WARREN
ADDRESS 300 ANTHONY WAYNE RD
CITY VIRGINIA BE
STATE VA
ZIP 234620000
MORT $ 88,000.00
BAL $ 87,877.88
RATE 7.850
PAI $ 636.53
CLTV 80.000
MATURITY 130227
FEE 0.5000
LOAN 0000021984703
LAST_NAME BRADY
ADDRESS 3313 EAST WOODMONT AVE
CITY CINCINNATI
STATE OH
ZIP 452130000
MORT $ 72,000.00
BAL $ 71,813.13
RATE 9.200
PAI $ 738.86
CLTV 74.611
MATURITY 130401
FEE 0.5000
LOAN 0000021984737
LAST_NAME BUJNOWSKI
ADDRESS 13 NOTTINGHAM ROAD
CITY OXFORD
STATE MA
ZIP 015400000
MORT $ 78,750.00
BAL $ 78,558.25
RATE 9.900
PAI $ 841.44
CLTV 75.000
MATURITY 130415
FEE 0.5000
LOAN 0000021984752
LAST_NAME PABON
ADDRESS 52 BEACON AVENUE
CITY JERSEY CITY
STATE NJ
ZIP 073060000
MORT $ 89,600.00
BAL $ 89,090.56
RATE 9.500
PAI $ 835.19
CLTV 80.000
MATURITY 180101
FEE 0.5000
LOAN 0000021984844
LAST_NAME VONDAUBER
ADDRESS 29 FAYETTE STREET
CITY EARLVILLE
STATE NY
ZIP 133320000
MORT $ 67,500.00
BAL $ 67,338.64
RATE 10.100
PAI $ 729.49
CLTV 86.538
MATURITY 130401
FEE 0.5000
LOAN 0000021984950
LAST_NAME COLEMAN
ADDRESS 2022 WRIGHT AVENUE
CITY NORTH CHICA
STATE IL
ZIP 600640000
MORT $ 15,500.00
BAL $ 15,479.71
RATE 10.050
PAI $ 150.10
CLTV 78.594
MATURITY 180427
FEE 0.5000
LOAN 0000021984976
LAST_NAME RILEY
ADDRESS 861 S. PARK STREET
CITY SPRINGFIELD
STATE IL
ZIP 627040000
MORT $104,000.00
BAL $ 103,475.44
RATE 8.150
PAI $ 879.64
CLTV 80.000
MATURITY 180303
FEE 0.5000
LOAN 0000021984992
LAST_NAME SMITH
ADDRESS 515 MCDONOUGH STREET
CITY BROOKLYN
STATE NY
ZIP 112330000
MORT $145,000.00
BAL $ 144,922.42
RATE 9.100
PAI $ 1,177.16
CLTV 72.500
MATURITY 280310
FEE 0.5000
LOAN 0000021985056
LAST_NAME JAMES
ADDRESS 2124 W 64TH STREET
CITY INDIANAPOLI
STATE IN
ZIP 462600000
MORT $ 54,400.00
BAL $ 54,104.77
RATE 9.875
PAI $ 520.47
CLTV 85.000
MATURITY 180201
FEE 0.5000
LOAN 0000021985148
LAST_NAME SIMPSON
ADDRESS 293 NEW SALEM ROAD
CITY RANDLEMAN
STATE NC
ZIP 273170000
MORT $ 32,475.00
BAL $ 32,475.00
RATE 9.250
PAI $ 334.24
CLTV 84.995
MATURITY 130429
FEE 0.5000
LOAN 0000021985205
LAST_NAME BURKE
ADDRESS PO BOX 1046
CITY BOURBON
STATE MO
ZIP 654410000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 8.450
PAI $ 441.82
CLTV 53.571
MATURITY 130511
FEE 0.5000
LOAN 0000021985221
LAST_NAME SAXTON
ADDRESS 1415 G STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $109,500.00
BAL $ 108,892.52
RATE 8.500
PAI $ 1,078.29
CLTV 77.112
MATURITY 130330
FEE 0.5000
LOAN 0000021985270
LAST_NAME GRIFFIN
ADDRESS 171 FAIRWAY DRIVE
CITY UNION
STATE SC
ZIP 293790000
MORT $ 72,000.00
BAL $ 71,877.45
RATE 11.300
PAI $ 702.05
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021985304
LAST_NAME MAYO
ADDRESS 6121 BRISTOL WAY
CITY ALEXANDRIA
STATE VA
ZIP 223100000
MORT $ 98,400.00
BAL $ 97,897.45
RATE 10.750
PAI $ 998.99
CLTV 80.000
MATURITY 180101
FEE 0.5000
LOAN 0000021985478
LAST_NAME KLOSS
ADDRESS 3518 RICHMOND COURT
CITY HILLSBOROUG
STATE NJ
ZIP 088760000
MORT $ 18,700.00
BAL $ 18,603.35
RATE 11.990
PAI $ 205.77
CLTV 79.807
MATURITY 171230
FEE 0.5000
LOAN 0000021985528
LAST_NAME HARSHAW
ADDRESS 2610 E 78TH STREET
CITY INDIANAPOLI
STATE IN
ZIP 462400000
MORT $ 20,000.00
BAL $ 19,669.68
RATE 8.750
PAI $ 199.89
CLTV 28.571
MATURITY 121110
FEE 0.5000
LOAN 0000021985585
LAST_NAME MORRIS
ADDRESS 410 FERGUSON ROAD
CITY CAMBY
STATE IN
ZIP 461130000
MORT $ 35,600.00
BAL $ 35,186.53
RATE 8.750
PAI $ 355.80
CLTV 42.891
MATURITY 121229
FEE 0.5000
LOAN 0000021985759
LAST_NAME BROWN
ADDRESS 15 SEKELSKY DRIVE
CITY STRATFORD
STATE CT
ZIP 064970000
MORT $123,500.00
BAL $ 123,301.12
RATE 10.500
PAI $ 1,129.70
CLTV 72.222
MATURITY 280101
FEE 0.5000
LOAN 0000021985775
LAST_NAME HOLLOWAY
ADDRESS 1618 GRANBY AVENUE
CITY CLEVELAND
STATE OH
ZIP 441090000
MORT $ 58,500.00
BAL $ 58,213.30
RATE 9.900
PAI $ 625.08
CLTV 90.000
MATURITY 130301
FEE 0.5000
Page 11
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021985874
LAST_NAME MONDAK
ADDRESS 3132 HUNTER HILL ROAD
CITY TOWNSHIP OF
STATE NC
ZIP 278040000
MORT $ 51,000.00
BAL $ 50,689.62
RATE 7.450
PAI $ 471.33
CLTV 56.353
MATURITY 130311
FEE 0.5000
LOAN 0000021985890
LAST_NAME CAMMORATA
ADDRESS 108 FAIR ACRES DRIVE
CITY HANOVER
STATE MA
ZIP 023390000
MORT $129,500.00
BAL $ 129,430.72
RATE 9.100
PAI $ 1,051.32
CLTV 64.750
MATURITY 280407
FEE 0.5000
LOAN 0000021985957
LAST_NAME SCHUYLER
ADDRESS 3534 SLATE HILL ROAD
CITY MARCELLUS
STATE NY
ZIP 131080000
MORT $ 76,500.00
BAL $ 76,283.78
RATE 8.250
PAI $ 742.16
CLTV 69.545
MATURITY 130401
FEE 0.5000
LOAN 0000021986039
LAST_NAME GROVES
ADDRESS 1440 HARMOTT AVENUE
CITY NORFOLK
STATE VA
ZIP 235090000
MORT $150,000.00
BAL $ 149,702.13
RATE 8.100
PAI $ 1,111.12
CLTV 63.559
MATURITY 280227
FEE 0.5000
LOAN 0000021986054
LAST_NAME BENZ
ADDRESS 1229 36TH STREET
CITY ROCK ISLAND
STATE IL
ZIP 612010000
MORT $ 49,725.00
BAL $ 49,698.95
RATE 9.200
PAI $ 407.28
CLTV 85.000
MATURITY 130407
FEE 0.5000
LOAN 0000021986211
LAST_NAME DOHERTY
ADDRESS 66 PINCREST ROAD
CITY W. BRIDGEWA
STATE MA
ZIP 023790000
MORT $ 65,000.00
BAL $ 64,776.89
RATE 7.940
PAI $ 541.27
CLTV 43.333
MATURITY 180325
FEE 0.5000
LOAN 0000021986229
LAST_NAME PORTER
ADDRESS 7022 INGALLS STREET
CITY ARVADA
STATE CO
ZIP 800030000
MORT $ 23,400.00
BAL $ 23,277.51
RATE 9.150
PAI $ 239.44
CLTV 70.381
MATURITY 130330
FEE 0.5000
LOAN 0000021986427
LAST_NAME RUTKOWSKI
ADDRESS 31390 ST. ANDREWS
CITY WESTLAKE
STATE OH
ZIP 441450000
MORT $290,400.00
BAL $ 289,792.14
RATE 7.850
PAI $ 2,100.57
CLTV 80.000
MATURITY 130217
FEE 0.5000
LOAN 0000021986492
LAST_NAME HARRIS
ADDRESS 7812 SOUTH CORNELL AVENUE
CITY CHICAGO
STATE IL
ZIP 606490000
MORT $ 45,840.00
BAL $ 45,772.66
RATE 9.150
PAI $ 416.87
CLTV 80.000
MATURITY 180401
FEE 0.5000
LOAN 0000021986518
LAST_NAME LEHMANN
ADDRESS 726 41ST AVENUE NORTH
CITY ST. PETERSB
STATE FL
ZIP 337030000
MORT $ 56,000.00
BAL $ 55,821.54
RATE 9.600
PAI $ 525.66
CLTV 80.000
MATURITY 180413
FEE 0.5000
LOAN 0000021986658
LAST_NAME BARRETT
ADDRESS 411 OAKWOOD PLACE
CITY NEWPORT NEW
STATE VA
ZIP 236080000
MORT $ 60,000.00
BAL $ 59,701.74
RATE 8.250
PAI $ 511.24
CLTV 65.934
MATURITY 180227
FEE 0.5000
LOAN 0000021986690
LAST_NAME YANCEY
ADDRESS 1202 HUNTINGTON AVENUE
CITY SANDUSKY
STATE OH
ZIP 448700000
MORT $ 49,300.00
BAL $ 49,272.21
RATE 8.850
PAI $ 391.38
CLTV 85.000
MATURITY 280330
FEE 0.5000
LOAN 0000021986799
LAST_NAME RHODES
ADDRESS 1980 CITY ACRES ROAD
CITY MELBOURNE
STATE FL
ZIP 329040000
MORT $ 22,400.00
BAL $ 21,837.66
RATE 8.650
PAI $ 196.52
CLTV 27.317
MATURITY 171223
FEE 0.5000
LOAN 0000021986815
LAST_NAME OLIVERI
ADDRESS 975 MOUNT HOLLY DRIVE
CITY ANNAPOLIS
STATE MD
ZIP 214010000
MORT $108,000.00
BAL $ 107,640.12
RATE 8.100
PAI $ 800.01
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000021986997
LAST_NAME RICHER
ADDRESS 938 GREENWOOD STREET
CITY MIDDLEVILLE
STATE MI
ZIP 493330000
MORT $ 72,900.00
BAL $ 72,521.85
RATE 9.250
PAI $ 750.29
CLTV 90.000
MATURITY 130302
FEE 0.5000
LOAN 0000021987037
LAST_NAME BUCHANAN
ADDRESS 2825 SE 13TH AVENUE
CITY CEDAR RAPID
STATE IA
ZIP 524030000
MORT $ 65,250.00
BAL $ 65,126.06
RATE 12.500
PAI $ 741.34
CLTV 75.000
MATURITY 180304
FEE 0.5000
LOAN 0000021987110
LAST_NAME JONES
ADDRESS 9809 SPOTTSWOOD ROAD WEST
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $ 53,500.00
BAL $ 52,843.14
RATE 9.990
PAI $ 574.59
CLTV 79.850
MATURITY 121224
FEE 0.5000
LOAN 0000021987136
LAST_NAME SIMMONS
ADDRESS 20 SANTA ANITA DRIVE
CITY BARTONVILLE
STATE IL
ZIP 616070000
MORT $ 41,600.00
BAL $ 41,365.07
RATE 8.300
PAI $ 404.79
CLTV 80.000
MATURITY 130311
FEE 0.5000
LOAN 0000021987201
LAST_NAME DIROLF
ADDRESS 9885 IRONSIDES ROAD
CITY NANJEMOY
STATE MD
ZIP 206620000
MORT $ 65,000.00
BAL $ 64,744.08
RATE 7.800
PAI $ 535.63
CLTV 34.210
MATURITY 180311
FEE 0.5000
LOAN 0000021987235
LAST_NAME WORD
ADDRESS 13314 LORENZO AVENUE
CITY CLEVELAND
STATE OH
ZIP 441200000
MORT $ 60,000.00
BAL $ 59,797.50
RATE 7.950
PAI $ 500.00
CLTV 76.923
MATURITY 180326
FEE 0.5000
LOAN 0000021987243
LAST_NAME HARDUNG
ADDRESS 1001 EVERGLADE DRIVE
CITY CHEYENNE
STATE WY
ZIP 820010000
MORT $ 89,100.00
BAL $ 89,052.33
RATE 9.100
PAI $ 723.34
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000021987359
LAST_NAME THOMPSON
ADDRESS 504 SOUTH STATE ST.
CITY SO.WHITELY
STATE IN
ZIP 467870000
MORT $ 64,100.00
BAL $ 63,670.31
RATE 9.990
PAI $ 618.15
CLTV 84.900
MATURITY 171215
FEE 0.5000
LOAN 0000021987441
LAST_NAME DARNELL
ADDRESS 270 WHISPER RIVER LANE
CITY PICKENS
STATE SC
ZIP 296710000
MORT $ 44,000.00
BAL $ 43,983.44
RATE 10.750
PAI $ 410.73
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000021987458
LAST_NAME SMITH
ADDRESS 3642 ORCHARD AVENUE
CITY DAVENPORT
STATE IA
ZIP 528020000
MORT $ 39,950.00
BAL $ 39,916.34
RATE 10.250
PAI $ 358.00
CLTV 85.000
MATURITY 130324
FEE 0.5000
LOAN 0000021987482
LAST_NAME PICACHE
ADDRESS 5224 HANCOCK CT
CITY VIRGINIA BE
STATE VA
ZIP 234640000
MORT $144,000.00
BAL $ 143,208.04
RATE 9.250
PAI $ 1,482.04
CLTV 77.419
MATURITY 130320
FEE 0.5000
LOAN 0000021987540
LAST_NAME HARRIS
ADDRESS 47 SOUTH ASHMEAD PLACE
CITY PHILADELPHI
STATE PA
ZIP 191440000
MORT $ 34,154.00
BAL $ 33,967.83
RATE 8.050
PAI $ 415.29
CLTV 72.668
MATURITY 80414
FEE 0.5000
LOAN 0000021987557
LAST_NAME REVELS
ADDRESS 10515 NIRIVER DRIVE
CITY SPOTSYLVANI
STATE VA
ZIP 225530000
MORT $209,950.00
BAL $ 209,243.84
RATE 9.250
PAI $ 1,727.21
CLTV 85.000
MATURITY 121215
FEE 0.5000
LOAN 0000021987631
LAST_NAME GRAFF
ADDRESS 841 E WALNUT STREET
CITY LONG BEACH
STATE NY
ZIP 115610000
MORT $144,000.00
BAL $ 142,904.30
RATE 8.990
PAI $ 1,294.68
CLTV 80.000
MATURITY 171216
FEE 0.5000
LOAN 0000021987748
LAST_NAME WHITE
ADDRESS 480 NORTH CENTRAL STREET
CITY EAST BRIDGW
STATE MA
ZIP 023330000
MORT $196,000.00
BAL $ 195,727.97
RATE 7.850
PAI $ 1,417.74
CLTV 80.000
MATURITY 130317
FEE 0.5000
LOAN 0000021987813
LAST_NAME MCDONALD
ADDRESS 14 JERSEY STREET
CITY MARSHFIELD
STATE MA
ZIP 020200000
MORT $ 24,500.00
BAL $ 24,436.99
RATE 9.300
PAI $ 252.89
CLTV 42.568
MATURITY 130407
FEE 0.5000
LOAN 0000021987888
LAST_NAME ZEIGLER
ADDRESS 12 EVANOSKI LANE
CITY PLYMOUTH
STATE CT
ZIP 067820000
MORT $ 61,000.00
BAL $ 60,669.46
RATE 7.550
PAI $ 493.28
CLTV 69.318
MATURITY 180302
FEE 0.5000
LOAN 0000021987920
LAST_NAME COATS
ADDRESS 3393 ABBATOIR RD.
CITY COATS
STATE NC
ZIP 275210000
MORT $ 30,000.00
BAL $ 29,790.83
RATE 10.500
PAI $ 331.62
CLTV 53.571
MATURITY 130218
FEE 0.5000
LOAN 0000021988050
LAST_NAME FLUKE
ADDRESS 2503 WESTERN DRIVE
CITY WINONA LAKE
STATE IN
ZIP 465900000
MORT $ 99,025.00
BAL $ 98,520.39
RATE 8.050
PAI $ 831.37
CLTV 85.000
MATURITY 180309
FEE 0.5000
LOAN 0000021988092
LAST_NAME CARTIN
ADDRESS 404 PARKRIDGE DR
CITY CLAYTON
STATE NC
ZIP 275200000
MORT $211,500.00
BAL $ 211,346.82
RATE 10.950
PAI $ 2,006.18
CLTV 90.000
MATURITY 130226
FEE 0.5000
LOAN 0000021988118
LAST_NAME JOHNSON
ADDRESS 911 DUNBARTON DRIVE
CITY NORTH AUGUS
STATE SC
ZIP 298410000
MORT $ 68,550.00
BAL $ 67,932.19
RATE 7.450
PAI $ 633.53
CLTV 62.318
MATURITY 130311
FEE 0.5000
LOAN 0000021988217
LAST_NAME POLING
ADDRESS 18980 PHEASANT CIRCLE SO.
CITY EDEN PRAIRI
STATE MN
ZIP 553460000
MORT $140,250.00
BAL $ 139,950.88
RATE 10.250
PAI $ 1,256.78
CLTV 84.487
MATURITY 271201
FEE 0.5000
LOAN 0000021988241
LAST_NAME MIZERA
ADDRESS 1354 REYNOLDS ROAD
CITY JOHNSON CIT
STATE NY
ZIP 137900000
MORT $ 10,000.00
BAL $ 9,625.62
RATE 10.990
PAI $ 137.71
CLTV 69.825
MATURITY 71215
FEE 0.5000
LOAN 0000021988340
LAST_NAME UWUMAROGIE
ADDRESS 179-181 MAPLE AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 071110000
MORT $ 59,500.00
BAL $ 58,490.69
RATE 8.850
PAI $ 598.19
CLTV 69.186
MATURITY 130101
FEE 0.5000
LOAN 0000021988399
LAST_NAME SCHULTZ
ADDRESS 2 CEDAR OAK DRIVE
CITY WILBRAHAM
STATE MA
ZIP 010950000
MORT $ 38,000.00
BAL $ 37,279.71
RATE 10.750
PAI $ 518.09
CLTV 79.943
MATURITY 71229
FEE 0.5000
LOAN 0000021988522
LAST_NAME HUNTER
ADDRESS 1151 E 650 SOUTH
CITY MARKLEVILLE
STATE IN
ZIP 460560000
MORT $ 68,000.00
BAL $ 67,754.89
RATE 7.550
PAI $ 549.89
CLTV 80.000
MATURITY 180304
FEE 0.5000
LOAN 0000021988597
LAST_NAME PUPULIDY
ADDRESS 4470 BAYLOR CANYON DRIVE
CITY ORGAN
STATE NM
ZIP 880520000
MORT $ 25,000.00
BAL $ 24,877.74
RATE 9.900
PAI $ 267.13
CLTV 84.181
MATURITY 130310
FEE 0.5000
Page 12
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000021988720
LAST_NAME GREENFELDER
ADDRESS 38447 UNION LAKE ROAD
CITY CLINTON TOW
STATE MI
ZIP 480360000
MORT $ 90,600.00
BAL $ 90,048.62
RATE 7.450
PAI $ 837.31
CLTV 62.916
MATURITY 130302
FEE 0.5000
LOAN 0000021988787
LAST_NAME KINYON
ADDRESS 513 MELBOURNE STREET
CITY DURHAM
STATE NC
ZIP 277030000
MORT $ 85,850.00
BAL $ 85,813.62
RATE 10.200
PAI $ 766.11
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000021988902
LAST_NAME CUCINOTTI
ADDRESS 21001 BARBADOS CIRCLE
CITY HUNTINGTON
STATE CA
ZIP 926460000
MORT $ 50,000.00
BAL $ 50,000.00
RATE 9.150
PAI $ 454.70
CLTV 62.217
MATURITY 180504
FEE 0.5000
LOAN 0000021988977
LAST_NAME TILLMAN
ADDRESS 5359 W SCANLAN WAY DRIVE
CITY SATSUMA
STATE AL
ZIP 365720000
MORT $ 28,454.00
BAL $ 28,360.66
RATE 8.800
PAI $ 224.87
CLTV 84.730
MATURITY 130302
FEE 0.5000
LOAN 0000021989025
LAST_NAME THOMPSON
ADDRESS 7135 GEORGIA AVE
CITY WASHINGTON
STATE DC
ZIP 200120000
MORT $117,000.00
BAL $ 116,943.65
RATE 9.600
PAI $ 992.35
CLTV 89.312
MATURITY 280501
FEE 0.5000
LOAN 0000021989058
LAST_NAME SULTAN
ADDRESS 5011 BAY PARKWAY
CITY BROOKLYN
STATE NY
ZIP 112300000
MORT $122,000.00
BAL $ 121,362.79
RATE 7.850
PAI $ 1,009.10
CLTV 73.939
MATURITY 180213
FEE 0.5000
LOAN 0000021989074
LAST_NAME GOMEZ
ADDRESS 1900 PENNY PLACE
CITY LAS CRUCES
STATE NM
ZIP 880010000
MORT $ 56,000.00
BAL $ 55,686.13
RATE 7.550
PAI $ 666.20
CLTV 80.000
MATURITY 80327
FEE 0.5000
LOAN 0000021989132
LAST_NAME TESSIER
ADDRESS 273 DONDANVILLE ROAD
CITY ST. AUGUSTI
STATE FL
ZIP 320840000
MORT $ 20,000.00
BAL $ 19,896.93
RATE 9.050
PAI $ 253.90
CLTV 62.317
MATURITY 80408
FEE 0.5000
LOAN 0000021989140
LAST_NAME ANAS
ADDRESS 13823 TORUGA ROAD
CITY SAN LEANDRO
STATE CA
ZIP 945770000
MORT $ 25,000.00
BAL $ 24,908.33
RATE 10.000
PAI $ 268.66
CLTV 82.254
MATURITY 130408
FEE 0.5000
LOAN 0000021989207
LAST_NAME THOMPSON
ADDRESS 1650 HONEYBEAR LANE
CITY DUNEDIN
STATE FL
ZIP 346980000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 9.150
PAI $ 153.49
CLTV 69.638
MATURITY 130428
FEE 0.5000
LOAN 0000021989223
LAST_NAME RIPPERGER
ADDRESS 1100 VINELAND SCHOOL ROAD
CITY DESOTO
STATE MO
ZIP 630200000
MORT $ 23,000.00
BAL $ 22,940.04
RATE 9.150
PAI $ 235.34
CLTV 79.782
MATURITY 130421
FEE 0.5000
LOAN 0000021989249
LAST_NAME BEST
ADDRESS 101 DELAVAN STREET
CITY NEW BRUNSWI
STATE NJ
ZIP 089010000
MORT $ 68,000.00
BAL $ 67,699.36
RATE 8.950
PAI $ 544.70
CLTV 80.000
MATURITY 280316
FEE 0.5000
LOAN 0000021989272
LAST_NAME FARMER
ADDRESS 106 CLASSIC ROAD
CITY GRANTVILLE
STATE GA
ZIP 302200000
MORT $ 57,500.00
BAL $ 57,500.00
RATE 7.950
PAI $ 547.85
CLTV 73.717
MATURITY 130501
FEE 0.5000
LOAN 0000021989314
LAST_NAME EDMONDSON
ADDRESS 2314 E GRACE ST
CITY RICHMOND
STATE VA
ZIP 232230000
MORT $136,000.00
BAL $ 135,917.61
RATE 8.500
PAI $ 1,045.72
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000021989348
LAST_NAME BROWN
ADDRESS 1008 ELMORE FARMS ROAD
CITY KINSTON
STATE NC
ZIP 285010000
MORT $ 41,000.00
BAL $ 40,796.75
RATE 9.750
PAI $ 434.34
CLTV 62.121
MATURITY 130309
FEE 0.5000
LOAN 0000021989397
LAST_NAME JOYCE
ADDRESS 11 CHERRY RUN ROAD
CITY MONROEVILLE
STATE NJ
ZIP 083430000
MORT $ 92,000.00
BAL $ 91,941.33
RATE 8.250
PAI $ 691.17
CLTV 82.142
MATURITY 280401
FEE 0.5000
LOAN 0000021989462
LAST_NAME COLEMAN
ADDRESS 97 ANN STREET
CITY STATEN ISLA
STATE NY
ZIP 103020000
MORT $129,200.00
BAL $ 129,200.00
RATE 9.990
PAI $ 1,132.87
CLTV 85.000
MATURITY 280501
FEE 0.5000
LOAN 0000021989496
LAST_NAME IMPERATORE
ADDRESS 1513 ELM STREET
CITY MAYS LANDIN
STATE NJ
ZIP 083300000
MORT $ 72,250.00
BAL $ 72,167.42
RATE 8.800
PAI $ 570.97
CLTV 85.000
MATURITY 280320
FEE 0.5000
LOAN 0000021989587
LAST_NAME GOODLOCK
ADDRESS 3091 E CARLETON ROAD
CITY ADRIAN
STATE MI
ZIP 492210000
MORT $ 86,400.00
BAL $ 85,878.77
RATE 7.550
PAI $ 803.40
CLTV 80.000
MATURITY 130330
FEE 0.5000
LOAN 0000021989660
LAST_NAME JENKINS
ADDRESS 521 HENSON STREET
CITY BIRMINGHAM
STATE AL
ZIP 352280000
MORT $ 48,150.00
BAL $ 48,095.52
RATE 8.850
PAI $ 382.25
CLTV 90.000
MATURITY 280303
FEE 0.5000
LOAN 0000021989678
LAST_NAME COLEMAN
ADDRESS 805 CULVERTON RD.
CITY ROME
STATE NY
ZIP 134400000
MORT $ 42,500.00
BAL $ 42,268.39
RATE 8.700
PAI $ 423.51
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000021989728
LAST_NAME MEDVED
ADDRESS 125 VIEW STREET
CITY OAKMONT
STATE PA
ZIP 151390000
MORT $ 38,250.00
BAL $ 38,039.67
RATE 8.600
PAI $ 378.91
CLTV 87.931
MATURITY 130316
FEE 0.5000
LOAN 0000021989983
LAST_NAME GUDZ, JR.
ADDRESS 76 CREBLE ROAD
CITY BETHLEHEM
STATE NY
ZIP 121580000
MORT $ 55,000.00
BAL $ 54,891.87
RATE 8.150
PAI $ 409.34
CLTV 66.265
MATURITY 130306
FEE 0.5000
LOAN 0000021990056
LAST_NAME MEHALICH
ADDRESS 609 THIRD STREET
CITY ALBANY
STATE NY
ZIP 122060000
MORT $ 35,700.00
BAL $ 35,503.70
RATE 8.600
PAI $ 353.65
CLTV 70.000
MATURITY 130319
FEE 0.5000
LOAN 0000021990205
LAST_NAME DEVINE
ADDRESS 2712 PAIGE STREET
CITY LOWER BURRE
STATE PA
ZIP 150680000
MORT $ 96,000.00
BAL $ 95,128.53
RATE 7.550
PAI $ 892.67
CLTV 80.000
MATURITY 130303
FEE 0.5000
LOAN 0000021990262
LAST_NAME CROSS
ADDRESS 696 CARYWOOD LANE
CITY NEWPORT NEW
STATE VA
ZIP 236020000
MORT $ 12,540.00
BAL $ 12,507.75
RATE 9.300
PAI $ 129.44
CLTV 79.994
MATURITY 130428
FEE 0.5000
LOAN 0000021990346
LAST_NAME GORDON
ADDRESS 569 N 675 W
CITY FARMLAND
STATE IN
ZIP 473400000
MORT $ 40,000.00
BAL $ 39,870.26
RATE 8.400
PAI $ 344.61
CLTV 74.074
MATURITY 180316
FEE 0.5000
LOAN 0000021990353
LAST_NAME NG
ADDRESS 49 CHESTNUT HILL LANE
CITY STAMFORD
STATE CT
ZIP 069030000
MORT $ 50,000.00
BAL $ 48,168.26
RATE 10.750
PAI $ 560.47
CLTV 76.325
MATURITY 121201
FEE 0.5000
LOAN 0000021990379
LAST_NAME HAMMONS
ADDRESS 5372 MARDALE AVENUE
CITY BEDFORD HEI
STATE OH
ZIP 441460000
MORT $ 62,500.00
BAL $ 62,397.78
RATE 8.300
PAI $ 534.51
CLTV 51.867
MATURITY 180323
FEE 0.5000
LOAN 0000021990395
LAST_NAME GILES
ADDRESS 4990 HAMILTON ROAD
CITY ELBRIDGE
STATE NY
ZIP 130600000
MORT $ 47,000.00
BAL $ 46,863.58
RATE 7.950
PAI $ 447.80
CLTV 74.603
MATURITY 130401
FEE 0.5000
LOAN 0000021990619
LAST_NAME YEAGER
ADDRESS 15909 MILNICHOL
CITY THOMPSONVIL
STATE MI
ZIP 496830000
MORT $ 44,000.00
BAL $ 43,944.25
RATE 8.300
PAI $ 332.11
CLTV 73.333
MATURITY 280320
FEE 0.5000
LOAN 0000021990627
LAST_NAME MARSH
ADDRESS 5131 S. 14TH AVENUE
CITY GULFPORT
STATE FL
ZIP 337070000
MORT $ 24,500.00
BAL $ 24,369.43
RATE 8.950
PAI $ 247.77
CLTV 70.000
MATURITY 130309
FEE 0.5000
LOAN 0000021990650
LAST_NAME QUAYLE
ADDRESS 5887 HUMMEL DRIVE
CITY SALT LAKE C
STATE UT
ZIP 841180000
MORT $ 84,000.00
BAL $ 83,889.17
RATE 8.100
PAI $ 622.23
CLTV 79.245
MATURITY 130401
FEE 0.5000
LOAN 0000021990742
LAST_NAME CELESTRIN
ADDRESS 812 SW 17TH STREET
CITY FORT LAUDER
STATE FL
ZIP 333150000
MORT $ 67,500.00
BAL $ 67,431.56
RATE 9.375
PAI $ 561.43
CLTV 79.411
MATURITY 280301
FEE 0.5000
LOAN 0000021990841
LAST_NAME MCGEE
ADDRESS 202 CORNELL DRIVE
CITY NORMAL
STATE IL
ZIP 617610000
MORT $112,800.00
BAL $ 112,634.30
RATE 9.150
PAI $ 1,025.80
CLTV 80.000
MATURITY 180325
FEE 0.5000
LOAN 0000021990908
LAST_NAME MANCILLA
ADDRESS 46 E. 167TH STREET
CITY CALUMET CIT
STATE IL
ZIP 604090000
MORT $ 36,585.00
BAL $ 36,205.46
RATE 9.000
PAI $ 463.45
CLTV 63.996
MATURITY 80304
FEE 0.5000
LOAN 0000021990965
LAST_NAME DANTONE
ADDRESS 7804 W LOLITA AVENUE
CITY MILWAUKEE
STATE WI
ZIP 532230000
MORT $ 59,999.00
BAL $ 59,681.90
RATE 7.900
PAI $ 498.13
CLTV 70.587
MATURITY 180201
FEE 0.5000
LOAN 0000021991070
LAST_NAME CRABTREE
ADDRESS 1209 COUNTY ROAD 147
CITY STEVENSON
STATE AL
ZIP 357720000
MORT $ 37,800.00
BAL $ 37,759.13
RATE 11.500
PAI $ 403.12
CLTV 90.000
MATURITY 180303
FEE 0.5000
LOAN 0000021991179
LAST_NAME LOWE
ADDRESS 1648 JACKSON CT
CITY GULF SHORES
STATE AL
ZIP 365420000
MORT $ 56,700.00
BAL $ 56,548.09
RATE 9.900
PAI $ 543.42
CLTV 90.000
MATURITY 180325
FEE 0.5000
LOAN 0000021991211
LAST_NAME CONSTANTINID
ADDRESS 101 YORKVIEW ROAD
CITY YORKTOWN
STATE VA
ZIP 236920000
MORT $ 30,000.00
BAL $ 29,925.66
RATE 10.500
PAI $ 299.51
CLTV 78.986
MATURITY 180227
FEE 0.5000
LOAN 0000021991294
LAST_NAME MORGAN
ADDRESS 1307 INDIA ROAD
CITY OPELIKA
STATE AL
ZIP 368010000
MORT $ 12,600.00
BAL $ 12,566.85
RATE 9.050
PAI $ 128.18
CLTV 47.085
MATURITY 130407
FEE 0.5000
Page 13
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021991369
LAST_NAME GABEL
ADDRESS 5611 VALLEYSIDE LANE
CITY SAINT LOUIS
STATE MO
ZIP 631280000
MORT $102,000.00
BAL $ 101,774.12
RATE 8.990
PAI $ 819.99
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021991427
LAST_NAME CUCINOTTA
ADDRESS 410 MAIN STREET
CITY RIVERTON
STATE NJ
ZIP 080770000
MORT $ 97,600.00
BAL $ 97,193.31
RATE 10.450
PAI $ 889.14
CLTV 55.771
MATURITY 280227
FEE 0.5000
LOAN 0000021991609
LAST_NAME TYLER
ADDRESS 22 CONCORD DRIVE
CITY HAZLET
STATE NJ
ZIP 077300000
MORT $116,400.00
BAL $ 116,400.00
RATE 8.000
PAI $ 854.10
CLTV 74.140
MATURITY 280306
FEE 0.5000
LOAN 0000021991724
LAST_NAME GLASSEN
ADDRESS 117 HAVERFORD STREET
CITY NORTH BRUNS
STATE NJ
ZIP 089020000
MORT $ 15,000.00
BAL $ 14,603.32
RATE 9.250
PAI $ 313.20
CLTV 78.086
MATURITY 30406
FEE 0.5000
LOAN 0000021991740
LAST_NAME HADDON
ADDRESS 2105 CLAIRMONT LANE
CITY BRUNSWICK
STATE GA
ZIP 315200000
MORT $ 10,000.00
BAL $ 9,973.92
RATE 9.150
PAI $ 102.33
CLTV 61.625
MATURITY 130420
FEE 0.5000
LOAN 0000021991898
LAST_NAME DAVIS
ADDRESS 3404 BRISTOL BRIDGE ROAD
CITY ORANGE PARK
STATE FL
ZIP 320730000
MORT $ 97,600.00
BAL $ 97,484.93
RATE 8.650
PAI $ 760.86
CLTV 80.000
MATURITY 280303
FEE 0.5000
LOAN 0000021991922
LAST_NAME TALLEY
ADDRESS 906 RIVER MOUNTAIN DRIVE
CITY HENDERSON
STATE NV
ZIP 890150000
MORT $ 13,000.00
BAL $ 12,966.41
RATE 9.250
PAI $ 133.80
CLTV 62.179
MATURITY 130415
FEE 0.5000
LOAN 0000021991948
LAST_NAME RABON
ADDRESS 288 SOUTH SUTTON ROAD
CITY FORT MILL
STATE SC
ZIP 297150000
MORT $ 59,200.00
BAL $ 58,999.55
RATE 8.050
PAI $ 497.02
CLTV 80.000
MATURITY 180316
FEE 0.5000
LOAN 0000021991997
LAST_NAME GRAFTON
ADDRESS 19 PARK DRIVE
CITY BOROUGH OF
STATE PA
ZIP 173210000
MORT $ 33,000.00
BAL $ 32,956.45
RATE 8.100
PAI $ 244.45
CLTV 27.272
MATURITY 280320
FEE 0.5000
LOAN 0000021992003
LAST_NAME BISCHOFF
ADDRESS 159 EAST TUSCARAWAS AVENU
CITY BARBERTON
STATE OH
ZIP 442030000
MORT $ 47,000.00
BAL $ 46,747.36
RATE 8.300
PAI $ 577.72
CLTV 69.117
MATURITY 80403
FEE 0.5000
LOAN 0000021992045
LAST_NAME BRADFORD
ADDRESS 41 LELA LANE
CITY ALEXANDER
STATE NC
ZIP 287010000
MORT $ 79,200.00
BAL $ 79,143.29
RATE 10.300
PAI $ 736.51
CLTV 90.000
MATURITY 230413
FEE 0.5000
LOAN 0000021992094
LAST_NAME CURTIS
ADDRESS 13134 SEMORA PLACE
CITY CERRITOS
STATE CA
ZIP 907010000
MORT $ 36,500.00
BAL $ 36,402.67
RATE 8.900
PAI $ 368.04
CLTV 16.820
MATURITY 130415
FEE 0.5000
LOAN 0000021992102
LAST_NAME GESELL
ADDRESS 10 BECKY THATCHER DRIVE
CITY ST. CHARLES
STATE MO
ZIP 633030000
MORT $ 52,000.00
BAL $ 51,596.38
RATE 7.950
PAI $ 495.44
CLTV 73.239
MATURITY 130317
FEE 0.5000
LOAN 0000021992110
LAST_NAME MOBLEY
ADDRESS 173 WAVERLY CIRCLE
CITY WAVERLY HAL
STATE GA
ZIP 318310000
MORT $118,350.00
BAL $ 118,221.57
RATE 9.050
PAI $ 956.53
CLTV 90.000
MATURITY 130303
FEE 0.5000
LOAN 0000021992177
LAST_NAME MADDOX
ADDRESS 2214 CODY STREET
CITY HOLLYWOOD
STATE FL
ZIP 330200000
MORT $ 36,000.00
BAL $ 35,440.46
RATE 8.850
PAI $ 361.94
CLTV 80.000
MATURITY 130325
FEE 0.5000
LOAN 0000021992185
LAST_NAME BARRON
ADDRESS 1220 NW 131 STREET
CITY NORTH MIAMI
STATE FL
ZIP 331670000
MORT $ 43,500.00
BAL $ 43,362.47
RATE 8.600
PAI $ 380.27
CLTV 75.685
MATURITY 180304
FEE 0.5000
LOAN 0000021992359
LAST_NAME MOORE
ADDRESS ROUTE 1 BOX 35
CITY NEW BROCKTO
STATE AL
ZIP 363510000
MORT $ 39,600.00
BAL $ 39,394.24
RATE 9.300
PAI $ 327.22
CLTV 90.000
MATURITY 130302
FEE 0.5000
LOAN 0000021992367
LAST_NAME LEEDOM
ADDRESS 399 DEAVER ROAD
CITY ELKTON
STATE MD
ZIP 219210000
MORT $ 36,800.00
BAL $ 36,745.16
RATE 7.500
PAI $ 257.32
CLTV 30.666
MATURITY 280304
FEE 0.5000
LOAN 0000021992409
LAST_NAME DIAS
ADDRESS 2 SPAULDING LANE
CITY SAUGERTIES
STATE NY
ZIP 124770000
MORT $ 82,400.00
BAL $ 82,400.00
RATE 8.550
PAI $ 813.85
CLTV 80.000
MATURITY 130504
FEE 0.5000
LOAN 0000021992458
LAST_NAME BIRCH
ADDRESS 225 S LOUDON AVE
CITY BALTIMORE
STATE MD
ZIP 212290000
MORT $ 51,000.00
BAL $ 50,763.27
RATE 8.990
PAI $ 458.53
CLTV 85.000
MATURITY 180304
FEE 0.5000
LOAN 0000021992466
LAST_NAME PURCHASE
ADDRESS 3606 WILCOX AVENUE
CITY BELLWOOD
STATE IL
ZIP 601040000
MORT $ 33,600.00
BAL $ 33,517.05
RATE 9.750
PAI $ 355.95
CLTV 79.992
MATURITY 130415
FEE 0.5000
LOAN 0000021992623
LAST_NAME NEAL
ADDRESS 703 PAXTON CIRCLE
CITY WILSON
STATE NC
ZIP 278930000
MORT $ 42,500.00
BAL $ 42,264.23
RATE 8.500
PAI $ 418.51
CLTV 62.043
MATURITY 130309
FEE 0.5000
LOAN 0000021992656
LAST_NAME WASHINGTON
ADDRESS 7249 S CLAREMONT
CITY CHICAGO
STATE IL
ZIP 606360000
MORT $ 55,000.00
BAL $ 54,688.03
RATE 8.250
PAI $ 533.58
CLTV 75.342
MATURITY 130304
FEE 0.5000
LOAN 0000021992904
LAST_NAME ANDERSON
ADDRESS 1254 COOTER NECK ROAD
CITY HEBER SPRIN
STATE AR
ZIP 725430000
MORT $100,000.00
BAL $ 99,255.27
RATE 8.750
PAI $ 999.45
CLTV 89.605
MATURITY 130313
FEE 0.5000
LOAN 0000021993142
LAST_NAME CLEARFIELD
ADDRESS 637 NICOLE DRIVE
CITY TWP OF UPPE
STATE PA
ZIP 189660000
MORT $ 20,000.00
BAL $ 19,901.80
RATE 9.900
PAI $ 263.20
CLTV 83.887
MATURITY 80421
FEE 0.5000
LOAN 0000021993167
LAST_NAME HILLIER
ADDRESS 5017 SANDY SHORE AVENUE
CITY SARASOTA
STATE FL
ZIP 342420000
MORT $224,000.00
BAL $ 223,618.51
RATE 8.850
PAI $ 1,778.23
CLTV 75.420
MATURITY 280227
FEE 0.5000
LOAN 0000021993233
LAST_NAME MCCULLOUGH
ADDRESS 514 VALLEY LOOP
CITY HEBER SPRIN
STATE AR
ZIP 725430000
MORT $ 44,000.00
BAL $ 43,851.94
RATE 8.100
PAI $ 370.78
CLTV 44.444
MATURITY 180324
FEE 0.5000
LOAN 0000021993308
LAST_NAME BONETTI
ADDRESS 111 BURKE ROAD
CITY MONROEVILLE
STATE PA
ZIP 151460000
MORT $ 73,600.00
BAL $ 72,963.26
RATE 8.100
PAI $ 707.62
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000021993316
LAST_NAME LEMKE
ADDRESS 110 E CLEMENT STREET
CITY BALTIMORE
STATE MD
ZIP 212300000
MORT $ 75,600.00
BAL $ 75,504.09
RATE 10.250
PAI $ 677.45
CLTV 90.000
MATURITY 130226
FEE 0.5000
LOAN 0000021993324
LAST_NAME LINDERFELT
ADDRESS 227 AUTUMN RIDGE ROAD
CITY FARIFIELD
STATE CT
ZIP 064320000
MORT $130,000.00
BAL $ 129,162.61
RATE 8.250
PAI $ 1,261.18
CLTV 46.428
MATURITY 130302
FEE 0.5000
LOAN 0000021993373
LAST_NAME ORTEGA
ADDRESS 10 DOVELA ROAD
CITY SANTA FE
STATE NM
ZIP 875050000
MORT $ 47,500.00
BAL $ 47,500.00
RATE 10.050
PAI $ 511.90
CLTV 58.809
MATURITY 130508
FEE 0.5000
LOAN 0000021993480
LAST_NAME DART
ADDRESS 17575 DANGLER ROAD
CITY WINTER GARD
STATE FL
ZIP 347870000
MORT $ 56,800.00
BAL $ 56,221.27
RATE 8.900
PAI $ 507.40
CLTV 80.000
MATURITY 180403
FEE 0.5000
LOAN 0000021993563
LAST_NAME CRAWFORD
ADDRESS 232 VIRGINIA STREET
CITY BRIGHTON
STATE IL
ZIP 620120000
MORT $ 59,725.00
BAL $ 59,434.70
RATE 9.150
PAI $ 543.14
CLTV 82.951
MATURITY 180306
FEE 0.5000
LOAN 0000021993597
LAST_NAME MCCREE
ADDRESS 616 N. SHERMAN STREET
CITY LINCOLN
STATE IL
ZIP 626560000
MORT $ 48,000.00
BAL $ 47,926.75
RATE 8.850
PAI $ 427.25
CLTV 80.000
MATURITY 180420
FEE 0.5000
LOAN 0000021993696
LAST_NAME SCOWCROFT
ADDRESS 11511 BRADLEY FOREST ROAD
CITY MANASSAS
STATE VA
ZIP 221110000
MORT $113,800.00
BAL $ 113,800.00
RATE 8.350
PAI $ 1,110.66
CLTV 71.125
MATURITY 130527
FEE 0.5000
LOAN 0000021993738
LAST_NAME MALONEY
ADDRESS 10611 S. CAMPBELL AVENUE
CITY CHICAGO
STATE IL
ZIP 606550000
MORT $ 82,000.00
BAL $ 81,948.76
RATE 8.350
PAI $ 621.82
CLTV 61.194
MATURITY 280406
FEE 0.5000
LOAN 0000021993803
LAST_NAME CUSTALOW
ADDRESS B1 ROUTE BOX 300
CITY MANQUIN
STATE VA
ZIP 231060000
MORT $ 15,500.00
BAL $ 15,460.14
RATE 9.300
PAI $ 159.99
CLTV 63.310
MATURITY 130408
FEE 0.5000
LOAN 0000021993829
LAST_NAME TRENT
ADDRESS 805 ROLWES AVENUE
CITY FERGUSON
STATE MO
ZIP 631350000
MORT $ 30,000.00
BAL $ 29,913.68
RATE 8.050
PAI $ 287.57
CLTV 47.619
MATURITY 130420
FEE 0.5000
LOAN 0000021993837
LAST_NAME TATUM
ADDRESS 257 IRIS AVENUE
CITY JACKSON
STATE MS
ZIP 392060000
MORT $ 61,200.00
BAL $ 61,116.22
RATE 9.700
PAI $ 578.48
CLTV 86.197
MATURITY 180406
FEE 0.5000
LOAN 0000021993910
LAST_NAME SAROPOULOS
ADDRESS 199 ROSEMOUNT DRIVE
CITY NORTH ANDOV
STATE MA
ZIP 018450000
MORT $369,750.00
BAL $ 369,526.00
RATE 8.500
PAI $ 2,843.73
CLTV 82.718
MATURITY 130330
FEE 0.5000
LOAN 0000021993951
LAST_NAME DILLARD
ADDRESS 104 PINEWOOD DRIVE
CITY MONTICELLO
STATE AR
ZIP 716550000
MORT $100,000.00
BAL $ 99,396.29
RATE 7.650
PAI $ 935.56
CLTV 80.000
MATURITY 130323
FEE 0.5000
Page 14
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021994082
LAST_NAME DUNOVSKY
ADDRESS 428 N. HAMILTON STREET
CITY LINCOLN
STATE IL
ZIP 626560000
MORT $ 42,300.00
BAL $ 42,160.28
RATE 8.250
PAI $ 360.43
CLTV 67.142
MATURITY 180327
FEE 0.5000
LOAN 0000021994116
LAST_NAME DELGADO
ADDRESS 33265 LARK WAY
CITY FREMONT
STATE CA
ZIP 945550000
MORT $ 50,000.00
BAL $ 49,743.80
RATE 9.150
PAI $ 637.45
CLTV 64.327
MATURITY 80408
FEE 0.5000
LOAN 0000021994124
LAST_NAME LIVENGOOD
ADDRESS 8 NOB CIRCLE
CITY NEWBURGH
STATE NY
ZIP 125500000
MORT $ 90,000.00
BAL $ 88,696.97
RATE 8.500
PAI $ 781.04
CLTV 75.000
MATURITY 171229
FEE 0.5000
LOAN 0000021994157
LAST_NAME ROSSILLI
ADDRESS 22 RUSSELL AVENUE
CITY EAST PROVID
STATE RI
ZIP 029140000
MORT $ 42,000.00
BAL $ 41,754.27
RATE 7.900
PAI $ 398.96
CLTV 34.710
MATURITY 130302
FEE 0.5000
LOAN 0000021994207
LAST_NAME ELEFONTE
ADDRESS 184 BRITTLE LANE
CITY HICKSVILLE
STATE NY
ZIP 118010000
MORT $ 54,442.00
BAL $ 54,150.56
RATE 8.900
PAI $ 548.96
CLTV 84.999
MATURITY 130303
FEE 0.5000
LOAN 0000021994215
LAST_NAME ACHILLES
ADDRESS 10 OGDEN AVENUE
CITY COLLINGSWOO
STATE NJ
ZIP 081080000
MORT $105,300.00
BAL $ 104,931.38
RATE 8.900
PAI $ 940.65
CLTV 87.750
MATURITY 180305
FEE 0.5000
LOAN 0000021994223
LAST_NAME MOORE
ADDRESS 905 PASADENA DR
CITY SOMERDALE
STATE NJ
ZIP 080830000
MORT $ 50,100.00
BAL $ 50,031.16
RATE 7.900
PAI $ 364.13
CLTV 58.255
MATURITY 280303
FEE 0.5000
LOAN 0000021994256
LAST_NAME BILOTTA
ADDRESS 3 S 551 MARIAN CIRCLE
CITY SUGAR GROVE
STATE IL
ZIP 605540000
MORT $ 98,600.00
BAL $ 98,476.35
RATE 8.350
PAI $ 747.70
CLTV 63.205
MATURITY 280316
FEE 0.5000
LOAN 0000021994330
LAST_NAME HIRSCH
ADDRESS 24 FOX RUN ROAD
CITY BEDFORD
STATE MA
ZIP 017300000
MORT $203,200.00
BAL $ 202,477.18
RATE 7.650
PAI $ 1,655.66
CLTV 80.000
MATURITY 180330
FEE 0.5000
LOAN 0000021994454
LAST_NAME CANDOW
ADDRESS 27 SOUTH STREET
CITY ASHLAND
STATE MA
ZIP 017210000
MORT $120,000.00
BAL $ 119,919.32
RATE 7.990
PAI $ 879.68
CLTV 46.153
MATURITY 280410
FEE 0.5000
LOAN 0000021994496
LAST_NAME GERMANY
ADDRESS 4901 FOOTE STREET NE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $ 81,250.00
BAL $ 80,901.20
RATE 11.260
PAI $ 789.77
CLTV 65.000
MATURITY 280119
FEE 0.5000
LOAN 0000021994512
LAST_NAME VILLIER
ADDRESS 7003 SEQUOIA PLACE
CITY BELTSVILLE
STATE MD
ZIP 207050000
MORT $211,500.00
BAL $ 210,981.98
RATE 8.500
PAI $ 1,626.26
CLTV 90.000
MATURITY 280202
FEE 0.5000
LOAN 0000021994595
LAST_NAME VALENTINO
ADDRESS 18 GRIST MILL ROAD
CITY MONROE
STATE CT
ZIP 064680000
MORT $100,000.00
BAL $ 99,161.16
RATE 8.450
PAI $ 981.82
CLTV 79.970
MATURITY 130223
FEE 0.5000
LOAN 0000021994660
LAST_NAME PRACHT
ADDRESS 1203 WOODBURN ROAD
CITY STEWARTSVIL
STATE NC
ZIP 283520000
MORT $ 32,000.00
BAL $ 31,916.57
RATE 9.150
PAI $ 327.43
CLTV 75.437
MATURITY 130424
FEE 0.5000
LOAN 0000021994710
LAST_NAME GILCHRIST
ADDRESS 14629 VINE AVE
CITY HARVEY
STATE IL
ZIP 604260000
MORT $ 55,200.00
BAL $ 54,930.08
RATE 8.400
PAI $ 420.54
CLTV 80.000
MATURITY 130316
FEE 0.5000
LOAN 0000021994736
LAST_NAME JORDAN
ADDRESS 24 CRESCENT BEACH DRIVE
CITY HUNTINGTON
STATE NY
ZIP 117430000
MORT $187,500.00
BAL $ 183,754.61
RATE 8.500
PAI $ 1,846.39
CLTV 73.529
MATURITY 121028
FEE 0.5000
LOAN 0000021994744
LAST_NAME LUCAS
ADDRESS 108 CEDAR FIELDS LANE
CITY WEST COLUMB
STATE SC
ZIP 291700000
MORT $ 64,800.00
BAL $ 64,701.82
RATE 9.550
PAI $ 547.24
CLTV 90.000
MATURITY 130302
FEE 0.5000
LOAN 0000021994769
LAST_NAME PRATER
ADDRESS STATE HIGHWAY RT 343
CITY DOVER PLAIN
STATE NY
ZIP 125220000
MORT $127,500.00
BAL $ 125,722.46
RATE 8.500
PAI $ 1,106.47
CLTV 75.000
MATURITY 171027
FEE 0.5000
LOAN 0000021994777
LAST_NAME PARKER
ADDRESS 5081 SW 183RD TERRACE
CITY DUNNELLON
STATE FL
ZIP 344320000
MORT $ 22,000.00
BAL $ 21,880.64
RATE 8.750
PAI $ 219.88
CLTV 40.000
MATURITY 130310
FEE 0.5000
LOAN 0000021994785
LAST_NAME GUBITOSA
ADDRESS 281 CEDAR HILL AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 074810000
MORT $260,000.00
BAL $ 256,480.73
RATE 8.500
PAI $ 2,560.32
CLTV 66.326
MATURITY 121217
FEE 0.5000
LOAN 0000021994819
LAST_NAME WYATT
ADDRESS 2052 OCEAN BEACH ROAD
CITY COPALIS CRO
STATE WA
ZIP 985360000
MORT $ 49,500.00
BAL $ 49,346.44
RATE 8.750
PAI $ 437.44
CLTV 90.000
MATURITY 180320
FEE 0.5000
LOAN 0000021994884
LAST_NAME FLEAGLE
ADDRESS 424 E. KING STREET
CITY CHAMBERSBUR
STATE PA
ZIP 172010000
MORT $ 63,000.00
BAL $ 62,939.06
RATE 9.600
PAI $ 534.35
CLTV 90.000
MATURITY 130325
FEE 0.5000
LOAN 0000021994942
LAST_NAME NISHIZAKI
ADDRESS 452 DEER RIVER WAY
CITY SACRAMENTO
STATE CA
ZIP 958310000
MORT $ 28,000.00
BAL $ 28,000.00
RATE 9.150
PAI $ 286.50
CLTV 47.823
MATURITY 130513
FEE 0.5000
LOAN 0000021995006
LAST_NAME ESPENSHADE
ADDRESS 240 N FAIRVILLE AVENUE
CITY WEST HANOVE
STATE PA
ZIP 171120000
MORT $100,000.00
BAL $ 99,425.19
RATE 8.100
PAI $ 961.44
CLTV 76.335
MATURITY 130304
FEE 0.5000
LOAN 0000021995188
LAST_NAME JEMISON
ADDRESS 7887 HELEN
CITY DETROIT
STATE MI
ZIP 482110000
MORT $ 36,000.00
BAL $ 35,633.82
RATE 9.350
PAI $ 462.88
CLTV 90.000
MATURITY 80316
FEE 0.5000
LOAN 0000021995220
LAST_NAME SIMMONS
ADDRESS 624 NORTHCLIFF DRIVE
CITY ROCKVILLE
STATE MD
ZIP 208500000
MORT $100,000.00
BAL $ 100,000.00
RATE 8.600
PAI $ 776.02
CLTV 74.626
MATURITY 280427
FEE 0.5000
LOAN 0000021995246
LAST_NAME PHILLIPS
ADDRESS 765 JORDANVILLE ROAD
CITY TOWN OF COL
STATE NY
ZIP 133570000
MORT $ 58,000.00
BAL $ 57,099.92
RATE 8.350
PAI $ 566.07
CLTV 74.358
MATURITY 130330
FEE 0.5000
LOAN 0000021995329
LAST_NAME MOMPEROUSSE
ADDRESS 726 KENNEDY DRIVE
CITY SPRING VALL
STATE NY
ZIP 109770000
MORT $ 41,600.00
BAL $ 41,389.98
RATE 9.550
PAI $ 435.66
CLTV 80.000
MATURITY 130303
FEE 0.5000
LOAN 0000021995378
LAST_NAME CORNELL
ADDRESS 457 APPALOOSA LANE
CITY GRAND JUNCT
STATE CO
ZIP 815040000
MORT $ 72,000.00
BAL $ 71,773.39
RATE 8.800
PAI $ 569.00
CLTV 80.000
MATURITY 271208
FEE 0.5000
LOAN 0000021995394
LAST_NAME ERHARD
ADDRESS 530 WATERBURY DRIVE
CITY TOWNSHIP OF
STATE PA
ZIP 156010000
MORT $ 52,500.00
BAL $ 52,466.17
RATE 8.200
PAI $ 392.58
CLTV 63.636
MATURITY 280304
FEE 0.5000
LOAN 0000021995519
LAST_NAME KISOR
ADDRESS 500 E 3RD STREET
CITY COKATO
STATE MN
ZIP 553210000
MORT $ 15,720.00
BAL $ 15,720.00
RATE 10.050
PAI $ 169.41
CLTV 83.863
MATURITY 130422
FEE 0.5000
LOAN 0000021995527
LAST_NAME JONES
ADDRESS 2046 PACIFIC STREET
CITY BROOKLYN
STATE NY
ZIP 112330000
MORT $ 50,000.00
BAL $ 49,874.83
RATE 9.490
PAI $ 420.06
CLTV 34.482
MATURITY 121224
FEE 0.5000
LOAN 0000021995535
LAST_NAME EDWARDS
ADDRESS RR6 BOX 222 RT.6
CITY TARBORO
STATE NC
ZIP 278860000
MORT $ 28,000.00
BAL $ 27,699.61
RATE 8.400
PAI $ 345.67
CLTV 50.909
MATURITY 80311
FEE 0.5000
LOAN 0000021995683
LAST_NAME POPE
ADDRESS 413 HEATH DRIVE
CITY COLUMBUS
STATE GA
ZIP 319040000
MORT $ 31,246.00
BAL $ 30,412.18
RATE 8.900
PAI $ 647.11
CLTV 84.585
MATURITY 30309
FEE 0.5000
LOAN 0000021995691
LAST_NAME WHITING
ADDRESS 5727 COLORADO AVENUE NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $136,850.00
BAL $ 136,627.76
RATE 9.080
PAI $ 1,109.02
CLTV 85.000
MATURITY 280120
FEE 0.5000
LOAN 0000021995816
LAST_NAME NEWBILL
ADDRESS 1414 GERARD STREET
CITY ROCKVILLE
STATE MD
ZIP 208500000
MORT $ 60,000.00
BAL $ 60,000.00
RATE 9.900
PAI $ 575.05
CLTV 81.102
MATURITY 180501
FEE 0.5000
LOAN 0000021995972
LAST_NAME EVERETT
ADDRESS 2516 S. 13TH AVENUE
CITY BROADVIEW
STATE IL
ZIP 601530000
MORT $119,500.00
BAL $ 119,383.20
RATE 9.550
PAI $ 1,009.19
CLTV 88.518
MATURITY 280311
FEE 0.5000
LOAN 0000021996087
LAST_NAME ESSELINK
ADDRESS 41423 BELDEN COURT
CITY NOVI
STATE MI
ZIP 483770000
MORT $ 93,500.00
BAL $ 93,441.58
RATE 8.350
PAI $ 709.02
CLTV 64.041
MATURITY 280325
FEE 0.5000
LOAN 0000021996228
LAST_NAME FOYE
ADDRESS 310 HENDERSON STREET
CITY OXFORD
STATE NC
ZIP 275650000
MORT $ 99,000.00
BAL $ 98,734.77
RATE 9.900
PAI $ 948.82
CLTV 90.000
MATURITY 180310
FEE 0.5000
LOAN 0000021996236
LAST_NAME SCULLIN
ADDRESS 825 PENNBROOK AVENUE
CITY LANSDALE
STATE PA
ZIP 194460000
MORT $ 73,500.00
BAL $ 73,424.42
RATE 11.225
PAI $ 712.49
CLTV 75.000
MATURITY 280301
FEE 0.5000
LOAN 0000021996590
LAST_NAME CHIANG
ADDRESS 570 NORTH AVENUE
CITY FORT LEE
STATE NJ
ZIP 070240000
MORT $ 65,000.00
BAL $ 64,203.30
RATE 8.990
PAI $ 584.40
CLTV 65.656
MATURITY 171028
FEE 0.5000
Page 15
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021996616
LAST_NAME BUIE
ADDRESS 2431 EMONDSON AVENUE
CITY BALTIMORE
STATE MD
ZIP 212230000
MORT $ 38,400.00
BAL $ 38,368.80
RATE 11.400
PAI $ 377.34
CLTV 80.000
MATURITY 280309
FEE 0.5000
LOAN 0000021996756
LAST_NAME PETRAKOVICH
ADDRESS 917 W, WASHINGTON STREET
CITY MT. PLEASAN
STATE PA
ZIP 156660000
MORT $ 57,000.00
BAL $ 56,942.50
RATE 9.400
PAI $ 475.14
CLTV 89.763
MATURITY 280304
FEE 0.5000
LOAN 0000021996939
LAST_NAME LEE
ADDRESS 2007 OAKWOODS DRIVE
CITY JACKSONVILL
STATE NC
ZIP 285460000
MORT $ 73,840.00
BAL $ 72,936.32
RATE 8.150
PAI $ 901.75
CLTV 80.000
MATURITY 80304
FEE 0.5000
LOAN 0000021996962
LAST_NAME JACKSON
ADDRESS 1289-1291 IRANISTAN A
CITY BRIDGEPORT
STATE CT
ZIP 066040000
MORT $ 80,500.00
BAL $ 80,298.84
RATE 9.500
PAI $ 676.89
CLTV 70.000
MATURITY 271110
FEE 0.5000
LOAN 0000021997085
LAST_NAME STRIGLE
ADDRESS 215 HOMEVALE ROAD
CITY REISTERSTOW
STATE MD
ZIP 211360000
MORT $ 92,200.00
BAL $ 90,474.05
RATE 8.500
PAI $ 907.93
CLTV 74.959
MATURITY 121219
FEE 0.5000
LOAN 0000021997267
LAST_NAME POUGH
ADDRESS 1569 BELLVILLE ROAD
CITY ORANGEBURG
STATE SC
ZIP 291150000
MORT $ 60,000.00
BAL $ 59,835.63
RATE 8.600
PAI $ 594.37
CLTV 75.000
MATURITY 130401
FEE 0.5000
LOAN 0000021997341
LAST_NAME COLE
ADDRESS 75 WHIPPLE AVENUE
CITY WARWICK
STATE RI
ZIP 028890000
MORT $ 76,000.00
BAL $ 74,541.40
RATE 8.500
PAI $ 659.55
CLTV 68.468
MATURITY 170917
FEE 0.5000
LOAN 0000021997366
LAST_NAME GOIN
ADDRESS RT 2 BOX 348 C
CITY TOWNSHIP OF
STATE OH
ZIP 457140000
MORT $ 51,300.00
BAL $ 51,166.25
RATE 9.150
PAI $ 524.91
CLTV 68.938
MATURITY 130505
FEE 0.5000
LOAN 0000021997424
LAST_NAME ALIFF
ADDRESS 12210 AVALON
CITY GRAFTON
STATE OH
ZIP 440440000
MORT $101,600.00
BAL $ 101,475.19
RATE 8.450
PAI $ 777.62
CLTV 79.375
MATURITY 280311
FEE 0.5000
LOAN 0000021997515
LAST_NAME WOLFE
ADDRESS 9211 MOUNTAIN SHADOWS DRI
CITY CHATTANOOGO
STATE TN
ZIP 374210000
MORT $194,400.00
BAL $ 194,181.06
RATE 8.900
PAI $ 1,550.22
CLTV 80.000
MATURITY 130128
FEE 0.5000
LOAN 0000021997788
LAST_NAME BAKER
ADDRESS 1259 WEST 4TH ST.
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $ 36,000.00
BAL $ 35,989.46
RATE 11.900
PAI $ 367.54
CLTV 80.000
MATURITY 130406
FEE 0.5000
LOAN 0000021997887
LAST_NAME WATKINS
ADDRESS 8719 WEST 5TH AVENUE
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $ 41,600.00
BAL $ 41,568.18
RATE 10.700
PAI $ 386.77
CLTV 80.000
MATURITY 130228
FEE 0.5000
LOAN 0000021997952
LAST_NAME MOODY
ADDRESS 31 BROOKSBIE ROAD
CITY BEDFORD
STATE MA
ZIP 017300000
MORT $ 68,000.00
BAL $ 68,000.00
RATE 9.150
PAI $ 695.79
CLTV 70.431
MATURITY 130511
FEE 0.5000
LOAN 0000021997994
LAST_NAME RAMSEY
ADDRESS 285 MCINTOSH ROAD
CITY WEST CHESTE
STATE PA
ZIP 193820000
MORT $ 87,000.00
BAL $ 86,893.12
RATE 8.450
PAI $ 665.88
CLTV 69.600
MATURITY 280316
FEE 0.5000
LOAN 0000021998091
LAST_NAME HENRY
ADDRESS 189 CARLISLE AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 086910000
MORT $100,000.00
BAL $ 98,823.77
RATE 8.500
PAI $ 867.82
CLTV 71.428
MATURITY 171110
FEE 0.5000
LOAN 0000021998117
LAST_NAME FANTACI
ADDRESS 42 FOREST AVENUE
CITY OYSTER BAY
STATE NY
ZIP 117580000
MORT $ 35,000.00
BAL $ 34,908.75
RATE 9.150
PAI $ 358.13
CLTV 38.357
MATURITY 130415
FEE 0.5000
LOAN 0000021998125
LAST_NAME JAMES
ADDRESS 374 11TH AVENUE
CITY PATERSON
STATE NJ
ZIP 075140000
MORT $ 57,500.00
BAL $ 57,366.99
RATE 9.750
PAI $ 494.02
CLTV 33.823
MATURITY 280201
FEE 0.5000
LOAN 0000021998133
LAST_NAME BLANCATO
ADDRESS 2925 HONEY COVE COURT
CITY PRINCE FRED
STATE MD
ZIP 206780000
MORT $260,000.00
BAL $ 256,076.99
RATE 8.500
PAI $ 2,256.34
CLTV 72.222
MATURITY 171203
FEE 0.5000
LOAN 0000021998141
LAST_NAME ADKINS
ADDRESS 82 HOPKINS ROAD
CITY NORTHFIELD
STATE CT
ZIP 067780000
MORT $ 43,500.00
BAL $ 43,357.06
RATE 9.850
PAI $ 376.94
CLTV 84.694
MATURITY 130330
FEE 0.5000
LOAN 0000021998166
LAST_NAME ROMANO
ADDRESS 254-12 58TH AVENUE
CITY LITTLE NECK
STATE NY
ZIP 113620000
MORT $ 55,000.00
BAL $ 55,000.00
RATE 9.150
PAI $ 701.19
CLTV 72.864
MATURITY 80508
FEE 0.5000
LOAN 0000021998190
LAST_NAME GIROLAMO
ADDRESS 35 BAYBERRY ROAD
CITY DRACUT
STATE MA
ZIP 018260000
MORT $178,000.00
BAL $ 177,757.88
RATE 7.950
PAI $ 1,299.91
CLTV 79.820
MATURITY 130311
FEE 0.5000
LOAN 0000021998216
LAST_NAME COONS
ADDRESS 97 BLODGETT HILL ROAD
CITY COEYMANS
STATE NY
ZIP 120460000
MORT $ 77,600.00
BAL $ 77,238.96
RATE 8.200
PAI $ 658.77
CLTV 76.078
MATURITY 180318
FEE 0.5000
LOAN 0000021998265
LAST_NAME WHITE
ADDRESS 5877 CORNELL AVENUE
CITY NORTH RIDGE
STATE OH
ZIP 440390000
MORT $ 65,000.00
BAL $ 64,611.28
RATE 7.650
PAI $ 608.12
CLTV 65.000
MATURITY 130323
FEE 0.5000
LOAN 0000021998273
LAST_NAME THOMASSON
ADDRESS 3924 CAPERS AVENUE
CITY COLUMBIA
STATE SC
ZIP 292050000
MORT $ 8,000.00
BAL $ 7,988.24
RATE 9.150
PAI $ 72.76
CLTV 50.629
MATURITY 180414
FEE 0.5000
LOAN 0000021998372
LAST_NAME JENKINS
ADDRESS 141 DORIS LANE
CITY CHICAGO HEI
STATE IL
ZIP 604110000
MORT $ 22,050.00
BAL $ 21,941.66
RATE 9.850
PAI $ 234.94
CLTV 84.893
MATURITY 130306
FEE 0.5000
LOAN 0000021998430
LAST_NAME KENNER
ADDRESS 856 LITTLE BAY AVENUE
CITY NORFOLK
STATE VA
ZIP 235030000
MORT $ 28,200.00
BAL $ 28,189.50
RATE 10.800
PAI $ 264.30
CLTV 79.942
MATURITY 130407
FEE 0.5000
LOAN 0000021998539
LAST_NAME ESSICK
ADDRESS 477 WEBSTER ROAD
CITY BOROUGH OF
STATE PA
ZIP 150680000
MORT $ 56,800.00
BAL $ 56,416.76
RATE 8.650
PAI $ 498.33
CLTV 80.000
MATURITY 180302
FEE 0.5000
LOAN 0000021998547
LAST_NAME DE JONG
ADDRESS 2233 FOSTER ROAD
CITY POINT PLEAS
STATE NJ
ZIP 087420000
MORT $ 99,500.00
BAL $ 99,500.00
RATE 9.950
PAI $ 956.90
CLTV 75.954
MATURITY 180323
FEE 0.5000
LOAN 0000021998570
LAST_NAME MEDINA
ADDRESS 17-18 HART STREET
CITY RIDGEWOOD
STATE NY
ZIP 113850000
MORT $100,000.00
BAL $ 98,271.38
RATE 8.500
PAI $ 984.74
CLTV 74.074
MATURITY 121203
FEE 0.5000
LOAN 0000021998612
LAST_NAME FORTE
ADDRESS 1025 CORNELL STREET
CITY DURHAM
STATE NC
ZIP 277070000
MORT $ 31,000.00
BAL $ 30,964.19
RATE 8.750
PAI $ 243.88
CLTV 67.391
MATURITY 130301
FEE 0.5000
LOAN 0000021998638
LAST_NAME COSBY
ADDRESS 6729 GAY ROAD
CITY APPLING
STATE GA
ZIP 308020000
MORT $ 25,000.00
BAL $ 24,939.12
RATE 9.900
PAI $ 267.13
CLTV 83.706
MATURITY 130427
FEE 0.5000
LOAN 0000021998646
LAST_NAME PERRY
ADDRESS 290 N CENTER STREET
CITY ORANGE
STATE NJ
ZIP 070500000
MORT $ 50,000.00
BAL $ 49,619.51
RATE 8.990
PAI $ 449.55
CLTV 35.714
MATURITY 180101
FEE 0.5000
LOAN 0000021998679
LAST_NAME MCKINNEY
ADDRESS 1655 CLARA WARD AVENUE
CITY APOPKA
STATE FL
ZIP 327030000
MORT $ 34,600.00
BAL $ 34,566.18
RATE 9.550
PAI $ 292.20
CLTV 72.083
MATURITY 280302
FEE 0.5000
LOAN 0000021998737
LAST_NAME RODRIGUEZ
ADDRESS 60 RALPH AVENUE
CITY BRENTWOOD
STATE NY
ZIP 117170000
MORT $ 75,000.00
BAL $ 74,434.21
RATE 8.500
PAI $ 738.55
CLTV 75.000
MATURITY 130101
FEE 0.5000
LOAN 0000021998745
LAST_NAME LEQUIN
ADDRESS BOX 1339 HF
CITY BLOOMINGGRO
STATE PA
ZIP 184280000
MORT $ 58,000.00
BAL $ 57,304.22
RATE 8.500
PAI $ 503.34
CLTV 46.774
MATURITY 171124
FEE 0.5000
LOAN 0000021998760
LAST_NAME WUENSCH
ADDRESS 129 CEDAR AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103050000
MORT $155,000.00
BAL $ 152,678.74
RATE 8.500
PAI $ 1,526.35
CLTV 73.809
MATURITY 121224
FEE 0.5000
LOAN 0000021998778
LAST_NAME ADDUCE
ADDRESS 19 FAIRVIEW TERRACE
CITY SUFFERN
STATE NY
ZIP 109010000
MORT $129,400.00
BAL $ 127,257.70
RATE 8.500
PAI $ 1,274.25
CLTV 71.888
MATURITY 121103
FEE 0.5000
LOAN 0000021998786
LAST_NAME GILMORE
ADDRESS 185 FRANKLIN AVENUE
CITY BROOKLYN
STATE NY
ZIP 112050000
MORT $116,200.00
BAL $ 114,826.36
RATE 8.500
PAI $ 1,008.41
CLTV 70.424
MATURITY 171008
FEE 0.5000
LOAN 0000021998836
LAST_NAME GARGUILO
ADDRESS 20-49 47TH STREET
CITY ASTORIA
STATE NY
ZIP 111050000
MORT $ 90,000.00
BAL $ 89,443.07
RATE 8.500
PAI $ 692.02
CLTV 38.793
MATURITY 121121
FEE 0.5000
LOAN 0000021998844
LAST_NAME ANTERA
ADDRESS 4 TRACEY STREET
CITY NORWALK
STATE CT
ZIP 068500000
MORT $ 80,000.00
BAL $ 78,924.16
RATE 8.500
PAI $ 694.26
CLTV 38.095
MATURITY 170929
FEE 0.5000
LOAN 0000021998851
LAST_NAME PUDERBACH
ADDRESS 21 OLYMPIA LANE
CITY WASHINGTON
STATE NJ
ZIP 080810000
MORT $108,000.00
BAL $ 106,578.21
RATE 8.500
PAI $ 937.25
CLTV 64.670
MATURITY 171129
FEE 0.5000
Page 16
<PAGE>
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000021998877
LAST_NAME CARLSSON
ADDRESS 106 BAYPORT AVENUE
CITY BAYPORT
STATE NY
ZIP 117050000
MORT $180,000.00
BAL $ 178,919.55
RATE 8.500
PAI $ 1,562.08
CLTV 80.000
MATURITY 171215
FEE 0.5000
LOAN 0000021998885
LAST_NAME LOPEZ
ADDRESS 81-51 102ND AVENUE
CITY OZONE PARK
STATE NY
ZIP 114160000
MORT $128,000.00
BAL $ 126,643.09
RATE 8.500
PAI $ 1,110.81
CLTV 75.294
MATURITY 171119
FEE 0.5000
LOAN 0000021998893
LAST_NAME GOOSEN
ADDRESS 138 FOURTH AVENUE
CITY HAWTHORNE
STATE NJ
ZIP 075060000
MORT $165,000.00
BAL $ 162,929.23
RATE 8.500
PAI $ 1,268.71
CLTV 71.739
MATURITY 121029
FEE 0.5000
LOAN 0000021998935
LAST_NAME WOLF
ADDRESS 622 EDWARDS ROAD
CITY ANNAPOLIS
STATE MD
ZIP 214010000
MORT $104,600.00
BAL $ 102,107.49
RATE 8.500
PAI $ 1,030.04
CLTV 74.982
MATURITY 121222
FEE 0.5000
LOAN 0000021998992
LAST_NAME SCHLETTE
ADDRESS 19 RICKER ROAD
CITY KINNELON
STATE NJ
ZIP 074050000
MORT $180,000.00
BAL $ 179,361.39
RATE 8.500
PAI $ 1,384.04
CLTV 75.000
MATURITY 121125
FEE 0.5000
LOAN 0000021999032
LAST_NAME LOWELL
ADDRESS 492 REBECCA LANE
CITY OCEANSIDE
STATE NY
ZIP 115720000
MORT $133,000.00
BAL $ 128,619.30
RATE 8.500
PAI $ 1,649.01
CLTV 73.888
MATURITY 71129
FEE 0.5000
LOAN 0000021999040
LAST_NAME AVOLIO
ADDRESS 115 FRANKLIN AVENUE
CITY VALHALLA
STATE NY
ZIP 105950000
MORT $200,000.00
BAL $ 198,109.25
RATE 8.500
PAI $ 1,735.65
CLTV 74.074
MATURITY 171215
FEE 0.5000
LOAN 0000021999073
LAST_NAME WRIGHT
ADDRESS 159 WOODLAWN AVENUE
CITY JERSEY CITY
STATE NJ
ZIP 073050000
MORT $ 40,000.00
BAL $ 39,779.69
RATE 9.750
PAI $ 379.41
CLTV 42.105
MATURITY 180201
FEE 0.5000
LOAN 0000021999099
LAST_NAME BLINN
ADDRESS 2 PIMENTAL DRIVE
CITY SEEKONK
STATE MA
ZIP 027710000
MORT $ 24,000.00
BAL $ 23,875.50
RATE 9.250
PAI $ 247.01
CLTV 82.545
MATURITY 130316
FEE 0.5000
LOAN 0000021999115
LAST_NAME SMITH
ADDRESS 1749 N. MCVICKER AVENUE
CITY CHICAGO
STATE IL
ZIP 606390000
MORT $112,000.00
BAL $ 111,633.10
RATE 7.049
PAI $ 748.83
CLTV 80.000
MATURITY 280309
FEE 0.5000
LOAN 0000021999131
LAST_NAME ESCH
ADDRESS 9700 COPELAND DRIVE
CITY MANASSAS
STATE VA
ZIP 201090000
MORT $ 69,000.00
BAL $ 68,513.63
RATE 8.500
PAI $ 598.80
CLTV 44.516
MATURITY 180106
FEE 0.5000
LOAN 0000021999172
LAST_NAME SMITH
ADDRESS 155 LIBERTY ROAD
CITY TOWNSHIP OF
STATE NJ
ZIP 076660000
MORT $100,000.00
BAL $ 98,014.24
RATE 8.900
PAI $ 1,008.33
CLTV 58.479
MATURITY 121126
FEE 0.5000
LOAN 0000021999180
LAST_NAME ALSTON
ADDRESS 2322 ROCKY FORD ROAD
CITY KITTRELL
STATE NC
ZIP 275440000
MORT $ 59,400.00
BAL $ 59,400.00
RATE 9.350
PAI $ 614.90
CLTV 90.000
MATURITY 130501
FEE 0.5000
LOAN 0000021999198
LAST_NAME APPLEGATE
ADDRESS 188 CARLISLE AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 086200000
MORT $ 68,000.00
BAL $ 67,058.72
RATE 8.500
PAI $ 669.62
CLTV 69.387
MATURITY 121223
FEE 0.5000
LOAN 0000021999214
LAST_NAME HAGINS
ADDRESS 310 ROSSLARE DRIVE
CITY ARNOLD
STATE MD
ZIP 210120000
MORT $172,000.00
BAL $ 171,815.00
RATE 8.500
PAI $ 1,322.53
CLTV 74.782
MATURITY 121024
FEE 0.5000
LOAN 0000021999222
LAST_NAME RENTERIA
ADDRESS 516 S. ROSEMARY
CITY LANSING
STATE MI
ZIP 489170000
MORT $ 66,400.00
BAL $ 66,361.40
RATE 8.700
PAI $ 520.00
CLTV 80.000
MATURITY 280330
FEE 0.5000
LOAN 0000021999321
LAST_NAME WEISBERG
ADDRESS 58 EAST BLUFF ROAD
CITY ASHLAND
STATE MA
ZIP 017210000
MORT $ 89,700.00
BAL $ 89,592.04
RATE 8.550
PAI $ 692.90
CLTV 59.013
MATURITY 130224
FEE 0.5000
LOAN 0000021999354
LAST_NAME SMITH
ADDRESS 3805 FORSYTHIA WAY
CITY DOUGLASVILL
STATE GA
ZIP 301350000
MORT $ 7,500.00
BAL $ 7,482.07
RATE 10.100
PAI $ 81.06
CLTV 81.619
MATURITY 130508
FEE 0.5000
LOAN 0000021999404
LAST_NAME HOWE
ADDRESS 9 16TH STREET
CITY VILLAS
STATE NJ
ZIP 082510000
MORT $ 65,100.00
BAL $ 65,029.36
RATE 9.050
PAI $ 526.15
CLTV 79.390
MATURITY 280317
FEE 0.5000
LOAN 0000021999438
LAST_NAME ALLEN
ADDRESS 2271 DAIRY FARM ROAD
CITY GAMBRILLS
STATE MD
ZIP 210540000
MORT $ 68,000.00
BAL $ 66,905.64
RATE 8.500
PAI $ 590.12
CLTV 50.746
MATURITY 171007
FEE 0.5000
LOAN 0000021999529
LAST_NAME FINOCCHIARO
ADDRESS 362 CORSON LANE
CITY LOWER
STATE NJ
ZIP 082040000
MORT $100,500.00
BAL $ 99,493.47
RATE 8.500
PAI $ 872.16
CLTV 75.000
MATURITY 171210
FEE 0.5000
LOAN 0000021999602
LAST_NAME ROVEGNO
ADDRESS 1 SEMINOLE AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 078660000
MORT $170,400.00
BAL $ 168,548.11
RATE 8.500
PAI $ 1,478.77
CLTV 75.733
MATURITY 171129
FEE 0.5000
LOAN 0000021999669
LAST_NAME HUDSON
ADDRESS 1811 FEATHERWOOD STREET
CITY SILVER SPRI
STATE MD
ZIP 209040000
MORT $ 87,800.00
BAL $ 86,109.47
RATE 8.500
PAI $ 761.95
CLTV 74.406
MATURITY 171124
FEE 0.5000
LOAN 0000021999743
LAST_NAME ANDERSON
ADDRESS 1032 WILLOWBROOK ROAD
CITY STATEN ISLA
STATE NY
ZIP 103140000
MORT $180,000.00
BAL $ 179,103.05
RATE 8.500
PAI $ 1,384.04
CLTV 75.000
MATURITY 121129
FEE 0.5000
LOAN 0000021999776
LAST_NAME GILLON
ADDRESS 311 SMITH STREET
CITY FREEPORT
STATE NY
ZIP 115200000
MORT $124,500.00
BAL $ 121,920.25
RATE 8.500
PAI $ 1,226.00
CLTV 73.235
MATURITY 121209
FEE 0.5000
LOAN 0000021999933
LAST_NAME BIZZELL
ADDRESS 2408 CHAPIN ST
CITY DURHAM
STATE NC
ZIP 277070000
MORT $ 33,600.00
BAL $ 33,423.90
RATE 8.750
PAI $ 421.10
CLTV 60.980
MATURITY 80415
FEE 0.5000
LOAN 0000022000012
LAST_NAME WILCOX
ADDRESS 185 STANTON AVENUE
CITY WINCHESTER
STATE CT
ZIP 060980000
MORT $ 75,000.00
BAL $ 74,654.10
RATE 8.850
PAI $ 667.58
CLTV 55.970
MATURITY 180303
FEE 0.5000
LOAN 0000022000020
LAST_NAME COLEMAN
ADDRESS 789 HOPEVILLE ROAD
CITY GRISWOLD
STATE CT
ZIP 064890000
MORT $ 22,875.00
BAL $ 22,751.43
RATE 9.650
PAI $ 240.94
CLTV 84.897
MATURITY 130211
FEE 0.5000
LOAN 0000022000053
LAST_NAME ROBERTI
ADDRESS 110 JEFFREY ROAD
CITY TOWNSHIP OF
STATE NJ
ZIP 070670000
MORT $127,500.00
BAL $ 126,997.78
RATE 8.500
PAI $ 980.36
CLTV 71.229
MATURITY 121006
FEE 0.5000
LOAN 0000022000061
LAST_NAME XENOPHONTOS
ADDRESS 41 LANCELOT LANE
CITY MT. LAUREL
STATE NJ
ZIP 080540000
MORT $101,000.00
BAL $ 99,844.64
RATE 8.600
PAI $ 1,000.52
CLTV 53.439
MATURITY 130318
FEE 0.5000
LOAN 0000022000137
LAST_NAME DIORIO
ADDRESS 527 EAST BROWN STREET
CITY TOWNSHIP OF
STATE NJ
ZIP 082010000
MORT $ 93,700.00
BAL $ 92,750.44
RATE 8.500
PAI $ 813.15
CLTV 74.960
MATURITY 171222
FEE 0.5000
LOAN 0000022000202
LAST_NAME LANNAN
ADDRESS 3615 8TH STREET COURT
CITY EAST MOLINE
STATE IL
ZIP 612440000
MORT $ 58,000.00
BAL $ 57,972.36
RATE 9.650
PAI $ 494.06
CLTV 68.235
MATURITY 130309
FEE 0.5000
LOAN 0000022000244
LAST_NAME GUERRA
ADDRESS 3600 SW 58TH AVENUE
CITY HOLLYWOOD
STATE FL
ZIP 330230000
MORT $ 51,695.00
BAL $ 51,388.56
RATE 7.750
PAI $ 486.59
CLTV 60.817
MATURITY 130301
FEE 0.5000
LOAN 0000022000293
LAST_NAME MOSS
ADDRESS 2037 JIM MCCARTER ROAD
CITY KINGS MOUNT
STATE SC
ZIP 297100000
MORT $ 81,900.00
BAL $ 81,824.88
RATE 9.850
PAI $ 709.67
CLTV 90.000
MATURITY 280317
FEE 0.5000
LOAN 0000022000327
LAST_NAME WOLF
ADDRESS 48 HAMPTON ROAD
CITY WESTWOOD
STATE MA
ZIP 020900000
MORT $ 26,100.00
BAL $ 26,062.62
RATE 9.350
PAI $ 240.74
CLTV 74.389
MATURITY 180420
FEE 0.5000
LOAN 0000022000335
LAST_NAME JOHNSTON
ADDRESS 8700 OXWELL LANE
CITY LAUREL
STATE MD
ZIP 207080000
MORT $135,000.00
BAL $ 134,916.51
RATE 8.400
PAI $ 1,028.49
CLTV 75.000
MATURITY 280317
FEE 0.5000
LOAN 0000022000350
LAST_NAME COMER
ADDRESS 215 N. WALTON AVENUE
CITY SOUTH BEND
STATE IN
ZIP 466190000
MORT $ 48,400.00
BAL $ 48,400.00
RATE 8.400
PAI $ 473.79
CLTV 80.000
MATURITY 130515
FEE 0.5000
LOAN 0000022000368
LAST_NAME STRADE
ADDRESS 132 AKA 142 CLARKE AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103060000
MORT $192,000.00
BAL $ 189,449.62
RATE 8.500
PAI $ 1,666.22
CLTV 71.111
MATURITY 171021
FEE 0.5000
LOAN 0000022000400
LAST_NAME SELGER
ADDRESS 66 HIGHLAND PARK DRIVE
CITY MIDDLETOWN
STATE PA
ZIP 190560000
MORT $ 80,500.00
BAL $ 78,181.13
RATE 8.500
PAI $ 998.08
CLTV 59.629
MATURITY 71216
FEE 0.5000
LOAN 0000022000418
LAST_NAME LLOYD
ADDRESS 3307 W 5775 SOUTH
CITY BENNION
STATE UT
ZIP 841180000
MORT $ 90,000.00
BAL $ 89,800.73
RATE 8.990
PAI $ 723.51
CLTV 71.428
MATURITY 271211
FEE 0.5000
LOAN 0000022000442
LAST_NAME HALL
ADDRESS 124 PAYTON AVENUE
CITY WARWICK
STATE RI
ZIP 028890000
MORT $ 67,500.00
BAL $ 66,923.59
RATE 8.500
PAI $ 585.78
CLTV 78.488
MATURITY 171222
FEE 0.5000
Page 17
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022000467
LAST_NAME O'CONNOR
ADDRESS 71 FALLON DRIVE
CITY NORTH HAVEN
STATE CT
ZIP 064730000
MORT $135,000.00
BAL $ 134,874.85
RATE 9.800
PAI $ 1,164.82
CLTV 88.815
MATURITY 280317
FEE 0.5000
LOAN 0000022000475
LAST_NAME PEARL
ADDRESS 389 COOLIDGE AVENUE
CITY OCEANSIDE
STATE NY
ZIP 115720000
MORT $ 85,000.00
BAL $ 83,367.17
RATE 8.500
PAI $ 837.03
CLTV 49.132
MATURITY 121205
FEE 0.5000
LOAN 0000022000483
LAST_NAME ST. AUDE
ADDRESS 9720 SW 157 TERRACE
CITY MIAMI
STATE FL
ZIP 331570000
MORT $ 23,700.00
BAL $ 23,700.00
RATE 11.000
PAI $ 269.38
CLTV 74.967
MATURITY 130429
FEE 0.5000
LOAN 0000022000491
LAST_NAME O'HAGAN
ADDRESS 781 KATAN AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103120000
MORT $100,000.00
BAL $ 98,820.30
RATE 8.500
PAI $ 768.91
CLTV 55.555
MATURITY 121229
FEE 0.5000
LOAN 0000022000566
LAST_NAME ECKERT
ADDRESS 445 BARNEGAT BOULEVARD
CITY BEACHWOOD
STATE NJ
ZIP 087220000
MORT $106,500.00
BAL $ 104,871.95
RATE 8.500
PAI $ 924.23
CLTV 75.000
MATURITY 170911
FEE 0.5000
LOAN 0000022000582
LAST_NAME ALVAREZ
ADDRESS 4520 SW 112 AVENUE
CITY MIAMI
STATE FL
ZIP 331650000
MORT $ 42,100.00
BAL $ 41,890.30
RATE 12.550
PAI $ 617.47
CLTV 83.067
MATURITY 80401
FEE 0.5000
LOAN 0000022000608
LAST_NAME LOCKE
ADDRESS 1 BROADVIEW AVENUE
CITY BELLPORT
STATE NY
ZIP 117130000
MORT $112,500.00
BAL $ 110,604.59
RATE 8.500
PAI $ 1,107.83
CLTV 75.000
MATURITY 121223
FEE 0.5000
LOAN 0000022000632
LAST_NAME BRENSIC
ADDRESS 105 HIGHLAND AVENUE
CITY TOWN OF NOR
STATE NY
ZIP 110500000
MORT $ 31,500.00
BAL $ 31,500.00
RATE 9.300
PAI $ 325.15
CLTV 64.044
MATURITY 130522
FEE 0.5000
LOAN 0000022000681
LAST_NAME RAVENELL
ADDRESS 116-03 223RD STREET
CITY CAMBRIA HEI
STATE NY
ZIP 114110000
MORT $ 42,000.00
BAL $ 41,891.48
RATE 9.250
PAI $ 432.27
CLTV 76.014
MATURITY 130428
FEE 0.5000
LOAN 0000022000723
LAST_NAME MARSHALL
ADDRESS 2309 10TH STREET
CITY ORLANDO
STATE FL
ZIP 328200000
MORT $ 67,500.00
BAL $ 67,500.00
RATE 10.300
PAI $ 664.87
CLTV 90.000
MATURITY 180501
FEE 0.5000
LOAN 0000022000764
LAST_NAME RUVALCABA
ADDRESS 11144 S SACRAMENTO AVE
CITY CHICAGO
STATE IL
ZIP 606550000
MORT $ 46,200.00
BAL $ 46,151.39
RATE 9.200
PAI $ 378.41
CLTV 74.049
MATURITY 130306
FEE 0.5000
LOAN 0000022000772
LAST_NAME MONTEMURRO
ADDRESS 6 RAVENWOOD DRIVE
CITY KINGS PARK
STATE NY
ZIP 117540000
MORT $160,000.00
BAL $ 159,774.27
RATE 8.500
PAI $ 1,230.26
CLTV 74.418
MATURITY 121208
FEE 0.5000
LOAN 0000022000863
LAST_NAME HEATHERLY
ADDRESS 5181 CHANTILLY DRIVE
CITY MEMPHIS
STATE TN
ZIP 381270000
MORT $ 42,075.00
BAL $ 41,864.60
RATE 10.500
PAI $ 420.07
CLTV 85.000
MATURITY 180102
FEE 0.5000
LOAN 0000022000871
LAST_NAME FAIRFIELD
ADDRESS 1800 MOUND ROAD
CITY JACKSONVILL
STATE IL
ZIP 626500000
MORT $ 78,300.00
BAL $ 78,261.07
RATE 9.450
PAI $ 655.54
CLTV 90.000
MATURITY 130324
FEE 0.5000
LOAN 0000022000889
LAST_NAME LUCENA
ADDRESS 2306 MATTHEWS AVENUE
CITY BRONX
STATE NY
ZIP 104370000
MORT $163,400.00
BAL $ 161,364.54
RATE 8.500
PAI $ 1,418.02
CLTV 76.000
MATURITY 170923
FEE 0.5000
LOAN 0000022000947
LAST_NAME GUSTAVSSON
ADDRESS 373 HILDA STREET
CITY EAST MEADOW
STATE NY
ZIP 115540000
MORT $ 57,500.00
BAL $ 56,704.67
RATE 8.500
PAI $ 499.00
CLTV 41.071
MATURITY 171229
FEE 0.5000
LOAN 0000022000954
LAST_NAME HAAS
ADDRESS 5 DALLAS DRIVE
CITY MONROE
STATE NY
ZIP 109500000
MORT $131,200.00
BAL $ 130,054.88
RATE 8.500
PAI $ 1,138.58
CLTV 74.971
MATURITY 171229
FEE 0.5000
LOAN 0000022001002
LAST_NAME JOHNSTON
ADDRESS 120 OSCAWANA HEIGHTS ROAD
CITY PUTNAM VALL
STATE NY
ZIP 105790000
MORT $156,000.00
BAL $ 154,397.99
RATE 8.500
PAI $ 1,353.80
CLTV 72.558
MATURITY 171222
FEE 0.5000
LOAN 0000022001143
LAST_NAME HEDIGER
ADDRESS 2222 DAPHNE STREET
CITY SPRINGFIELD
STATE OR
ZIP 974770000
MORT $ 30,450.00
BAL $ 30,450.00
RATE 10.000
PAI $ 327.22
CLTV 83.064
MATURITY 130511
FEE 0.5000
LOAN 0000022001150
LAST_NAME GLADNEY
ADDRESS WEST ROAD
CITY BASS RIVER
STATE NJ
ZIP 082240000
MORT $ 84,000.00
BAL $ 82,713.85
RATE 8.500
PAI $ 827.18
CLTV 75.000
MATURITY 121217
FEE 0.5000
LOAN 0000022001168
LAST_NAME BOYD
ADDRESS 7981 E. FIRST STREET
CITY DOUGLAS
STATE KS
ZIP 670390000
MORT $ 30,000.00
BAL $ 29,937.22
RATE 10.750
PAI $ 280.04
CLTV 50.000
MATURITY 130226
FEE 0.5000
LOAN 0000022001176
LAST_NAME BAILEY
ADDRESS 539 HOMESTEAD AVENUE
CITY PEORIA
STATE IL
ZIP 616030000
MORT $ 42,925.00
BAL $ 42,861.51
RATE 9.100
PAI $ 388.98
CLTV 85.000
MATURITY 180408
FEE 0.5000
LOAN 0000022001218
LAST_NAME FITTS
ADDRESS 1859 S MOTT DRIVE
CITY MOBILE
STATE AL
ZIP 366170000
MORT $ 35,100.00
BAL $ 34,924.40
RATE 9.650
PAI $ 369.71
CLTV 87.750
MATURITY 130317
FEE 0.5000
LOAN 0000022001234
LAST_NAME NOLD
ADDRESS 553 GARDENDALE DRIVE
CITY MONTGOMERY
STATE AL
ZIP 361100000
MORT $ 18,000.00
BAL $ 17,944.75
RATE 9.650
PAI $ 169.56
CLTV 64.938
MATURITY 180424
FEE 0.5000
LOAN 0000022001275
LAST_NAME SHENEFIELD
ADDRESS 57009 225TH STREET
CITY GLENWOOD
STATE IA
ZIP 515340000
MORT $ 65,600.00
BAL $ 65,575.31
RATE 10.750
PAI $ 612.36
CLTV 80.000
MATURITY 130306
FEE 0.5000
LOAN 0000022001333
LAST_NAME GREER
ADDRESS 4352 S. KING DRIVE
CITY CHICAGO
STATE IL
ZIP 606530000
MORT $279,000.00
BAL $ 278,674.32
RATE 8.700
PAI $ 2,184.94
CLTV 77.500
MATURITY 280318
FEE 0.5000
LOAN 0000022001341
LAST_NAME LOUISY
ADDRESS 3405 RIVER GROVE DRIVE
CITY TAMPA
STATE FL
ZIP 336100000
MORT $ 60,000.00
BAL $ 59,860.40
RATE 8.750
PAI $ 472.02
CLTV 77.922
MATURITY 280102
FEE 0.5000
LOAN 0000022001408
LAST_NAME SOUZA
ADDRESS 133 JOYCE DRIVE
CITY PLYMOUTH
STATE MA
ZIP 023600000
MORT $117,200.00
BAL $ 117,082.17
RATE 10.950
PAI $ 1,111.70
CLTV 84.989
MATURITY 280401
FEE 0.5000
LOAN 0000022001416
LAST_NAME MAESTAS
ADDRESS 1875 S ZUNI STREET
CITY DENVER
STATE CO
ZIP 802330000
MORT $ 89,600.00
BAL $ 89,402.02
RATE 9.000
PAI $ 720.94
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022001432
LAST_NAME LLOYD
ADDRESS 6 CHARINA ROAD
CITY NORTHBOROUG
STATE MA
ZIP 015320000
MORT $ 40,000.00
BAL $ 40,000.00
RATE 10.000
PAI $ 429.85
CLTV 83.051
MATURITY 130513
FEE 0.5000
LOAN 0000022001465
LAST_NAME WILKINS
ADDRESS 2064 TURNBULL AVENUE
CITY BRONX
STATE NY
ZIP 104730000
MORT $105,500.00
BAL $ 103,462.54
RATE 8.500
PAI $ 1,038.90
CLTV 58.611
MATURITY 121107
FEE 0.5000
LOAN 0000022001739
LAST_NAME RHEE
ADDRESS 18 WESLEY ROAD
CITY CONGERS
STATE NY
ZIP 109200000
MORT $155,000.00
BAL $ 152,752.12
RATE 8.500
PAI $ 1,345.13
CLTV 55.555
MATURITY 171215
FEE 0.5000
LOAN 0000022001796
LAST_NAME DAVIS
ADDRESS 85 BAYSHORE ROAD
CITY BAY SHORE
STATE NY
ZIP 117060000
MORT $ 91,000.00
BAL $ 89,556.56
RATE 8.500
PAI $ 896.11
CLTV 67.407
MATURITY 130101
FEE 0.5000
LOAN 0000022001804
LAST_NAME CLERGE
ADDRESS 1852 TROY AVENUE
CITY BROOKLYN
STATE NY
ZIP 112340000
MORT $204,000.00
BAL $ 203,397.29
RATE 7.750
PAI $ 1,920.21
CLTV 80.000
MATURITY 130330
FEE 0.5000
LOAN 0000022001846
LAST_NAME CHARLOP
ADDRESS 56 WESTBROOK WAY
CITY MANALAPAN
STATE NJ
ZIP 077260000
MORT $101,715.00
BAL $ 101,565.58
RATE 9.150
PAI $ 925.00
CLTV 68.377
MATURITY 180504
FEE 0.5000
LOAN 0000022001861
LAST_NAME BUSCHEL
ADDRESS 5 ORCHARD STREET
CITY HARRISON
STATE NY
ZIP 105280000
MORT $120,000.00
BAL $ 119,849.54
RATE 8.350
PAI $ 909.97
CLTV 32.876
MATURITY 280323
FEE 0.5000
LOAN 0000022001879
LAST_NAME VAN SCOY
ADDRESS 4927 COLEMAN DRIVE
CITY AKRON
STATE OH
ZIP 443190000
MORT $148,000.00
BAL $ 147,517.41
RATE 8.850
PAI $ 1,174.91
CLTV 84.571
MATURITY 130327
FEE 0.5000
LOAN 0000022001937
LAST_NAME RUDOLPH
ADDRESS 101 ELTON ROAD
CITY STEWART MAN
STATE NY
ZIP 115300000
MORT $182,000.00
BAL $ 178,416.09
RATE 8.500
PAI $ 1,792.23
CLTV 74.285
MATURITY 121016
FEE 0.5000
LOAN 0000022001945
LAST_NAME SANTONASTASI
ADDRESS 8 SEVENTH STREET
CITY BAYVILLE
STATE NY
ZIP 117090000
MORT $138,000.00
BAL $ 137,018.24
RATE 8.500
PAI $ 1,197.60
CLTV 74.594
MATURITY 171229
FEE 0.5000
LOAN 0000022001960
LAST_NAME HARRIS
ADDRESS 21 MITCHELL GRANT WAY
CITY BEDFORD
STATE MA
ZIP 017300000
MORT $ 65,600.00
BAL $ 65,308.25
RATE 10.990
PAI $ 745.20
CLTV 81.566
MATURITY 130316
FEE 0.5000
LOAN 0000022001994
LAST_NAME PURULESKI
ADDRESS 1709 HEATHER HAVEN DRIVE
CITY TOWNSHIP OF
STATE MI
ZIP 488420000
MORT $ 20,200.00
BAL $ 20,200.00
RATE 9.400
PAI $ 209.72
CLTV 79.998
MATURITY 130429
FEE 0.5000
Page 18
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022002034
LAST_NAME GRAPE
ADDRESS 214 PENNSYLVANIA AVENUE
CITY MOUNT GRETN
STATE PA
ZIP 170640000
MORT $128,700.00
BAL $ 128,554.29
RATE 9.300
PAI $ 1,063.45
CLTV 90.000
MATURITY 130316
FEE 0.5000
LOAN 0000022002166
LAST_NAME COTTER
ADDRESS 216 FRANKLIN AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103010000
MORT $ 88,500.00
BAL $ 87,354.79
RATE 8.500
PAI $ 871.49
CLTV 73.750
MATURITY 121223
FEE 0.5000
LOAN 0000022002174
LAST_NAME FALCONE
ADDRESS 740 S BATTLEFIELD BLVD
CITY CHESAPEAKE
STATE VA
ZIP 233200000
MORT $ 86,250.00
BAL $ 86,159.80
RATE 9.600
PAI $ 731.54
CLTV 83.737
MATURITY 130318
FEE 0.5000
LOAN 0000022002190
LAST_NAME DWIGHT
ADDRESS 1312 DENVER DRIVE
CITY PORTSMOUTH
STATE VA
ZIP 237010000
MORT $ 79,200.00
BAL $ 79,122.59
RATE 9.550
PAI $ 668.85
CLTV 90.000
MATURITY 130312
FEE 0.5000
LOAN 0000022002265
LAST_NAME MARTINS
ADDRESS 23 PARK ROAD
CITY LYNN
STATE MA
ZIP 019040000
MORT $ 32,100.00
BAL $ 31,865.48
RATE 9.990
PAI $ 344.76
CLTV 79.969
MATURITY 130227
FEE 0.5000
LOAN 0000022002331
LAST_NAME WHITTED
ADDRESS 11084 GARLAND HWY
CITY CLINTON
STATE NC
ZIP 283280000
MORT $ 20,000.00
BAL $ 19,926.49
RATE 12.950
PAI $ 252.39
CLTV 80.000
MATURITY 130227
FEE 0.5000
LOAN 0000022002398
LAST_NAME BROWN
ADDRESS 16190 CR. 22
CITY GOSHEN
STATE IN
ZIP 465280000
MORT $ 30,000.00
BAL $ 29,664.74
RATE 8.500
PAI $ 295.43
CLTV 29.702
MATURITY 130122
FEE 0.5000
LOAN 0000022002422
LAST_NAME REDMON
ADDRESS 18258 BOUNDARY ROAD
CITY RICHWOOD
STATE OH
ZIP 433440000
MORT $ 89,250.00
BAL $ 89,126.69
RATE 9.850
PAI $ 773.36
CLTV 85.000
MATURITY 130211
FEE 0.5000
LOAN 0000022002463
LAST_NAME ARCHIE
ADDRESS 2161 N DEXTER AVE.
CITY INDIANAPOLI
STATE IN
ZIP 462020000
MORT $ 18,500.00
BAL $ 18,410.84
RATE 8.500
PAI $ 160.55
CLTV 42.045
MATURITY 180209
FEE 0.5000
LOAN 0000022002489
LAST_NAME HOOKER
ADDRESS RT 1 BOX 315-A
CITY WESTFIELD
STATE NC
ZIP 270530000
MORT $ 66,300.00
BAL $ 66,229.96
RATE 11.100
PAI $ 636.41
CLTV 85.000
MATURITY 280203
FEE 0.5000
LOAN 0000022002505
LAST_NAME BURNINE
ADDRESS 909 ELM ST
CITY SHELBYVILLE
STATE IN
ZIP 461760000
MORT $ 50,400.00
BAL $ 49,858.78
RATE 8.950
PAI $ 509.70
CLTV 80.000
MATURITY 130126
FEE 0.5000
LOAN 0000022002539
LAST_NAME GROSSE
ADDRESS 2557 JACKIE LANE
CITY WESTLAKE
STATE OH
ZIP 441450000
MORT $ 81,600.00
BAL $ 81,484.83
RATE 9.750
PAI $ 701.08
CLTV 82.424
MATURITY 130204
FEE 0.5000
LOAN 0000022002547
LAST_NAME RAUBER
ADDRESS 671 NE PARK VILLAGE DRIVE
CITY ATLANTA
STATE GA
ZIP 303060000
MORT $ 12,750.00
BAL $ 12,750.00
RATE 10.100
PAI $ 137.80
CLTV 84.996
MATURITY 130527
FEE 0.5000
LOAN 0000022002570
LAST_NAME DAVY
ADDRESS 1370 CHANDLER AVE
CITY FAR ROCKAWA
STATE NY
ZIP 116910000
MORT $148,500.00
BAL $ 148,393.61
RATE 11.000
PAI $ 1,414.20
CLTV 90.000
MATURITY 280301
FEE 0.5000
LOAN 0000022002638
LAST_NAME REDDY
ADDRESS 1408 MT VERNON DRIVE
CITY COLUMBIA
STATE SC
ZIP 292070000
MORT $ 36,000.00
BAL $ 35,533.96
RATE 9.400
PAI $ 373.76
CLTV 75.000
MATURITY 121219
FEE 0.5000
LOAN 0000022002653
LAST_NAME KELLEY
ADDRESS 331 REEDY FORK ROAD
CITY GREENVILLE
STATE SC
ZIP 296050000
MORT $ 51,850.00
BAL $ 51,582.24
RATE 11.990
PAI $ 570.56
CLTV 85.000
MATURITY 171208
FEE 0.5000
LOAN 0000022002661
LAST_NAME STEWART
ADDRESS ROUTE 1 BOX 245-G
CITY BUNN LEVEL
STATE NC
ZIP 283230000
MORT $ 40,000.00
BAL $ 39,769.65
RATE 9.400
PAI $ 370.25
CLTV 80.000
MATURITY 171229
FEE 0.5000
LOAN 0000022002679
LAST_NAME SHAFFER
ADDRESS 267 NEWPORT NEWS AVENUE
CITY HAMPTON
STATE VA
ZIP 236690000
MORT $102,000.00
BAL $ 101,701.10
RATE 9.200
PAI $ 930.88
CLTV 85.000
MATURITY 180326
FEE 0.5000
LOAN 0000022002695
LAST_NAME DEMURO
ADDRESS 3327 PETER LANE
CITY YORKSTOWN
STATE NY
ZIP 105980000
MORT $152,000.00
BAL $ 151,253.74
RATE 8.350
PAI $ 1,304.70
CLTV 80.000
MATURITY 180211
FEE 0.5000
LOAN 0000022002703
LAST_NAME KLUTSCH
ADDRESS 3725 QUAIL STREET UNIT 6
CITY WHEAT RIDGE
STATE CO
ZIP 800330000
MORT $ 33,600.00
BAL $ 33,407.75
RATE 9.450
PAI $ 312.10
CLTV 76.363
MATURITY 180120
FEE 0.5000
LOAN 0000022002711
LAST_NAME CHACON
ADDRESS 5181 LEIGH AVENUE
CITY SAN JOSE
STATE CA
ZIP 951240000
MORT $ 35,400.00
BAL $ 35,400.00
RATE 9.250
PAI $ 453.24
CLTV 47.392
MATURITY 80429
FEE 0.5000
LOAN 0000022002729
LAST_NAME BROWN
ADDRESS 2206 LANGTRY CT
CITY MURFREESBOR
STATE TN
ZIP 371290000
MORT $ 84,000.00
BAL $ 83,748.25
RATE 7.500
PAI $ 587.35
CLTV 80.000
MATURITY 280113
FEE 0.5000
LOAN 0000022002737
LAST_NAME MEZGER
ADDRESS 1680 NW 98TH AVENUE
CITY PEMBROKE PI
STATE FL
ZIP 330240000
MORT $ 70,400.00
BAL $ 70,244.10
RATE 8.990
PAI $ 565.95
CLTV 80.000
MATURITY 280112
FEE 0.5000
LOAN 0000022002786
LAST_NAME SOCCORSO
ADDRESS 324 N. DELAWARE AVENUE
CITY MASSAPEQUA
STATE NY
ZIP 117580000
MORT $ 62,850.00
BAL $ 62,680.51
RATE 9.850
PAI $ 600.29
CLTV 84.881
MATURITY 180311
FEE 0.5000
LOAN 0000022002844
LAST_NAME HICKS
ADDRESS 10367 DRIFTWOOD DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322460000
MORT $ 45,000.00
BAL $ 44,987.82
RATE 12.250
PAI $ 471.55
CLTV 89.108
MATURITY 280325
FEE 0.5000
LOAN 0000022002919
LAST_NAME SANDS
ADDRESS 2960 LEXINGTON TRACE DRIV
CITY SMYRNA
STATE GA
ZIP 300800000
MORT $ 12,500.00
BAL $ 12,500.00
RATE 10.100
PAI $ 135.10
CLTV 81.913
MATURITY 130519
FEE 0.5000
LOAN 0000022002950
LAST_NAME HOLLIS
ADDRESS 1304 CEDAR DR
CITY PINE HILL
STATE NJ
ZIP 080210000
MORT $ 44,000.00
BAL $ 43,827.31
RATE 8.200
PAI $ 373.53
CLTV 47.826
MATURITY 180304
FEE 0.5000
LOAN 0000022003057
LAST_NAME LONGO
ADDRESS 425 HILLTOP DRIVE
CITY STRATFORD
STATE CT
ZIP 064970000
MORT $144,000.00
BAL $ 143,725.44
RATE 8.300
PAI $ 1,086.89
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022003164
LAST_NAME RUBY
ADDRESS 913 WEST 3RD STREET
CITY OTTUMWA
STATE IA
ZIP 525010000
MORT $ 21,000.00
BAL $ 20,895.41
RATE 9.650
PAI $ 273.47
CLTV 60.000
MATURITY 80417
FEE 0.5000
LOAN 0000022003180
LAST_NAME DOUGLAS
ADDRESS 1481 BONNEVILLE LANE
CITY CINCINNATI
STATE OH
ZIP 452310000
MORT $ 60,000.00
BAL $ 59,864.62
RATE 8.900
PAI $ 478.47
CLTV 80.000
MATURITY 280123
FEE 0.5000
LOAN 0000022003289
LAST_NAME HEDRINGTON
ADDRESS 18012 65TH COURT
CITY FRANKSVILLE
STATE WI
ZIP 531260000
MORT $ 74,000.00
BAL $ 73,338.87
RATE 8.250
PAI $ 555.94
CLTV 74.000
MATURITY 130201
FEE 0.5000
LOAN 0000022003339
LAST_NAME OGLESBY
ADDRESS 2502 JUANEST LANE
CITY WENTZVILLE
STATE MO
ZIP 633850000
MORT $ 47,500.00
BAL $ 47,264.32
RATE 9.750
PAI $ 503.20
CLTV 63.333
MATURITY 130301
FEE 0.5000
LOAN 0000022003388
LAST_NAME OSEPOWICZ
ADDRESS HCR 435 TABACZYNSKI ROAD
CITY WOODRIDGE
STATE NY
ZIP 127890000
MORT $ 60,000.00
BAL $ 59,925.52
RATE 8.400
PAI $ 457.11
CLTV 80.000
MATURITY 280330
FEE 0.5000
LOAN 0000022003404
LAST_NAME ALTHISER
ADDRESS 401 ALLEN STREET
CITY N. PEKIN
STATE IL
ZIP 615540000
MORT $ 48,600.00
BAL $ 48,352.42
RATE 9.450
PAI $ 506.03
CLTV 90.000
MATURITY 130325
FEE 0.5000
LOAN 0000022003453
LAST_NAME LOCHMAYER
ADDRESS 205 LOTUS
CITY WAUCONDA
STATE IL
ZIP 600840000
MORT $ 89,900.00
BAL $ 89,784.95
RATE 8.250
PAI $ 675.39
CLTV 68.106
MATURITY 280316
FEE 0.5000
LOAN 0000022003479
LAST_NAME LONG
ADDRESS 14389 PINEWOOD DRIVE
CITY ORLAND PARK
STATE IL
ZIP 604620000
MORT $ 34,450.00
BAL $ 34,450.00
RATE 9.250
PAI $ 354.56
CLTV 77.845
MATURITY 130518
FEE 0.5000
LOAN 0000022003537
LAST_NAME HALL
ADDRESS 121 OLEN DRIVE
CITY GLEN BURNIE
STATE MD
ZIP 210610000
MORT $ 85,000.00
BAL $ 84,887.84
RATE 8.100
PAI $ 629.64
CLTV 65.384
MATURITY 280316
FEE 0.5000
LOAN 0000022003586
LAST_NAME EVANS
ADDRESS 315 CORNING STREET
CITY ANDERSON
STATE SC
ZIP 296240000
MORT $ 44,800.00
BAL $ 44,305.94
RATE 8.650
PAI $ 445.12
CLTV 80.000
MATURITY 130114
FEE 0.5000
LOAN 0000022003610
LAST_NAME BERRY
ADDRESS 3841 HULL PLACE
CITY LENOIR
STATE NC
ZIP 286450000
MORT $ 24,930.00
BAL $ 24,903.93
RATE 11.150
PAI $ 240.25
CLTV 90.000
MATURITY 130201
FEE 0.5000
LOAN 0000022003644
LAST_NAME CONLEY
ADDRESS 99 PEARL STREET
CITY HUDSON FALL
STATE NY
ZIP 128390000
MORT $104,760.00
BAL $ 104,760.00
RATE 8.900
PAI $ 1,056.33
CLTV 84.997
MATURITY 130512
FEE 0.5000
LOAN 0000022003677
LAST_NAME EVANS
ADDRESS 2086 BURNETTE BLVD
CITY WILMINGTON
STATE NC
ZIP 284010000
MORT $ 49,000.00
BAL $ 48,273.06
RATE 7.850
PAI $ 464.04
CLTV 70.000
MATURITY 121229
FEE 0.5000
Page 19
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022003693
LAST_NAME CORRAO
ADDRESS 2512 S 13TH ST.
CITY MILWAUKEE
STATE WI
ZIP 532150000
MORT $ 44,000.00
BAL $ 43,529.19
RATE 8.990
PAI $ 446.02
CLTV 80.000
MATURITY 130122
FEE 0.5000
LOAN 0000022003719
LAST_NAME TICE
ADDRESS 103 SUNRISE TERRACE
CITY STATE COLLE
STATE PA
ZIP 168010000
MORT $ 51,000.00
BAL $ 50,711.99
RATE 8.300
PAI $ 496.26
CLTV 79.530
MATURITY 130327
FEE 0.5000
LOAN 0000022003768
LAST_NAME SALOMON
ADDRESS 5 IROQUOIS STREET
CITY BOSTON
STATE MA
ZIP 021200000
MORT $184,900.00
BAL $ 184,668.15
RATE 8.350
PAI $ 1,402.12
CLTV 75.469
MATURITY 280316
FEE 0.5000
LOAN 0000022003800
LAST_NAME MCHUGH
ADDRESS 6418 PARKVIEW LANE
CITY OMAHA
STATE NE
ZIP 681040000
MORT $ 57,800.00
BAL $ 57,748.54
RATE 9.990
PAI $ 506.81
CLTV 85.000
MATURITY 130309
FEE 0.5000
LOAN 0000022003826
LAST_NAME RODRIGUEZ
ADDRESS 136 CALLE LAZO ERRANTE
CITY SANTA FE
STATE NM
ZIP 875050000
MORT $ 92,700.00
BAL $ 92,289.99
RATE 10.990
PAI $ 1,053.05
CLTV 90.000
MATURITY 130324
FEE 0.5000
LOAN 0000022003834
LAST_NAME HOWARD
ADDRESS 16 HIGH VIEW ROAD
CITY NEW MILFORD
STATE CT
ZIP 067760000
MORT $120,000.00
BAL $ 119,376.42
RATE 7.750
PAI $ 985.14
CLTV 80.000
MATURITY 180317
FEE 0.5000
LOAN 0000022003867
LAST_NAME DONLEY
ADDRESS 3581 SWALLOW LANE
CITY DECATUR
STATE GA
ZIP 300320000
MORT $ 58,400.00
BAL $ 58,065.79
RATE 8.150
PAI $ 563.17
CLTV 80.000
MATURITY 130323
FEE 0.5000
LOAN 0000022003875
LAST_NAME LEWIS
ADDRESS 1201 WALNUT STREET
CITY GREENSBORO
STATE NC
ZIP 274050000
MORT $ 42,000.00
BAL $ 41,850.59
RATE 7.650
PAI $ 342.22
CLTV 63.636
MATURITY 180318
FEE 0.5000
LOAN 0000022003891
LAST_NAME HAWK
ADDRESS 224 S. WALNUT STREET
CITY BATH
STATE PA
ZIP 180140000
MORT $ 87,750.00
BAL $ 87,500.90
RATE 9.450
PAI $ 815.09
CLTV 90.000
MATURITY 180325
FEE 0.5000
LOAN 0000022004022
LAST_NAME ROCKETT
ADDRESS 3388 NW 22ND STREET
CITY LAUDERDALE
STATE FL
ZIP 333110000
MORT $ 78,500.00
BAL $ 78,409.35
RATE 8.750
PAI $ 617.56
CLTV 78.500
MATURITY 280309
FEE 0.5000
LOAN 0000022004048
LAST_NAME HULIN
ADDRESS 4680 DALEBRIDGE ROAD UNIT
CITY WARRENSVILL
STATE OH
ZIP 441280000
MORT $ 24,000.00
BAL $ 23,752.40
RATE 9.100
PAI $ 305.33
CLTV 80.000
MATURITY 80211
FEE 0.5000
LOAN 0000022004071
LAST_NAME HIMES
ADDRESS 1654 N OLIVE
CITY SOUTH BEND
STATE IN
ZIP 466280000
MORT $ 29,200.00
BAL $ 29,034.98
RATE 8.800
PAI $ 292.71
CLTV 80.000
MATURITY 130214
FEE 0.5000
LOAN 0000022004386
LAST_NAME PERAK
ADDRESS 9919 SOUTH OAKLEY AVENUE
CITY CHICAGO
STATE IL
ZIP 606430000
MORT $ 12,500.00
BAL $ 12,500.00
RATE 9.250
PAI $ 261.00
CLTV 63.684
MATURITY 30513
FEE 0.5000
LOAN 0000022004394
LAST_NAME ROBERTS
ADDRESS 922 11TH STREET S
CITY ST. PETERSB
STATE FL
ZIP 337050000
MORT $ 21,000.00
BAL $ 20,290.61
RATE 8.300
PAI $ 258.13
CLTV 44.680
MATURITY 71224
FEE 0.5000
LOAN 0000022004444
LAST_NAME BORNSTEIN
ADDRESS 921 GRAND BLVD
CITY WESTBURY
STATE NY
ZIP 115900000
MORT $153,600.00
BAL $ 151,204.66
RATE 8.500
PAI $ 1,512.56
CLTV 80.000
MATURITY 121104
FEE 0.5000
LOAN 0000022004469
LAST_NAME KELLER
ADDRESS 14 ROBERT ROAD
CITY CORNWALL
STATE NY
ZIP 125180000
MORT $ 23,600.00
BAL $ 23,456.71
RATE 11.990
PAI $ 283.09
CLTV 84.989
MATURITY 130219
FEE 0.5000
LOAN 0000022004584
LAST_NAME RICE
ADDRESS 2069 W BAYWOOD
CITY OREGON
STATE OH
ZIP 436180000
MORT $ 66,400.00
BAL $ 66,252.94
RATE 8.990
PAI $ 533.80
CLTV 80.000
MATURITY 130113
FEE 0.5000
LOAN 0000022004618
LAST_NAME HUTCHINGS
ADDRESS 342 INDEPENDENCE BOULEVAR
CITY LAWNSIDE
STATE NJ
ZIP 080450000
MORT $106,200.00
BAL $ 105,936.37
RATE 10.750
PAI $ 991.36
CLTV 90.000
MATURITY 280310
FEE 0.5000
LOAN 0000022004659
LAST_NAME DOAKES
ADDRESS 516 GRAMONT AVENUE
CITY DAYTON
STATE OH
ZIP 454070000
MORT $ 52,200.00
BAL $ 52,106.26
RATE 9.990
PAI $ 457.71
CLTV 90.000
MATURITY 121229
FEE 0.5000
LOAN 0000022004683
LAST_NAME SINCLAIR
ADDRESS 1500 VIDALIA COURT
CITY ORLANDO
STATE FL
ZIP 328180000
MORT $ 76,800.00
BAL $ 74,976.64
RATE 8.500
PAI $ 756.28
CLTV 80.000
MATURITY 121210
FEE 0.5000
LOAN 0000022004725
LAST_NAME GRESK
ADDRESS 346 S 60TH STREET
CITY CALEDONIA
STATE WI
ZIP 531080000
MORT $ 97,000.00
BAL $ 96,774.30
RATE 8.750
PAI $ 763.10
CLTV 78.861
MATURITY 130201
FEE 0.5000
LOAN 0000022004774
LAST_NAME JONES
ADDRESS 601 ORANGE LAWN DRIVE
CITY VALRICO
STATE FL
ZIP 335940000
MORT $100,300.00
BAL $ 100,057.12
RATE 9.650
PAI $ 854.38
CLTV 85.000
MATURITY 271223
FEE 0.5000
LOAN 0000022004782
LAST_NAME DANIELS
ADDRESS 3722 ODIN AVENUE
CITY CINCINNATI
STATE OH
ZIP 452130000
MORT $100,800.00
BAL $ 99,657.48
RATE 10.250
PAI $ 903.28
CLTV 90.000
MATURITY 130128
FEE 0.5000
LOAN 0000022004808
LAST_NAME BRUNK
ADDRESS 1448 ALAMEDA AVENUE
CITY LAKEWOOD
STATE OH
ZIP 441070000
MORT $ 84,000.00
BAL $ 83,748.91
RATE 9.250
PAI $ 691.05
CLTV 80.000
MATURITY 271203
FEE 0.5000
LOAN 0000022004832
LAST_NAME TROCHE
ADDRESS 11261 SW 74TH TER
CITY MIAMI
STATE FL
ZIP 331730000
MORT $122,400.00
BAL $ 122,329.58
RATE 8.750
PAI $ 962.92
CLTV 88.695
MATURITY 280401
FEE 0.5000
LOAN 0000022004907
LAST_NAME YOUNG
ADDRESS 6710 WESTLAKE AVENUE
CITY PARMA
STATE OH
ZIP 441290000
MORT $ 60,000.00
BAL $ 59,901.26
RATE 8.250
PAI $ 511.24
CLTV 57.692
MATURITY 180413
FEE 0.5000
LOAN 0000022004931
LAST_NAME DAVIS
ADDRESS 76 URGUHART STREET
CITY CRANSTON
STATE RI
ZIP 029200000
MORT $ 89,600.00
BAL $ 89,162.83
RATE 8.400
PAI $ 771.91
CLTV 70.000
MATURITY 180225
FEE 0.5000
LOAN 0000022004956
LAST_NAME ASHBY
ADDRESS 2775 ELLIOTT
CITY MEDFORD
STATE OR
ZIP 975010000
MORT $ 55,250.00
BAL $ 54,919.59
RATE 7.650
PAI $ 516.90
CLTV 65.000
MATURITY 130325
FEE 0.5000
LOAN 0000022004980
LAST_NAME CORBIN
ADDRESS ROUTE 1 BOX 26
CITY WADE
STATE NC
ZIP 283950000
MORT $ 40,000.00
BAL $ 39,364.36
RATE 8.690
PAI $ 500.02
CLTV 55.555
MATURITY 80206
FEE 0.5000
LOAN 0000022005003
LAST_NAME WALKER
ADDRESS RT 3 BOX 291 C DECK ROAD
CITY GRAY COURT
STATE SC
ZIP 296450000
MORT $ 58,500.00
BAL $ 58,225.55
RATE 10.990
PAI $ 603.44
CLTV 90.000
MATURITY 171229
FEE 0.5000
LOAN 0000022005011
LAST_NAME HOLTSLANDER
ADDRESS 3711 W LLOYD STREET
CITY PENSACOLA
STATE FL
ZIP 325050000
MORT $ 33,000.00
BAL $ 32,562.53
RATE 9.150
PAI $ 337.66
CLTV 83.544
MATURITY 130102
FEE 0.5000
LOAN 0000022005037
LAST_NAME SNOW
ADDRESS 239 S FRANKLIN ROAD
CITY TOAST
STATE NC
ZIP 270490000
MORT $ 58,000.00
BAL $ 57,533.81
RATE 8.550
PAI $ 505.17
CLTV 55.238
MATURITY 171208
FEE 0.5000
LOAN 0000022005052
LAST_NAME CALVO
ADDRESS 11354 SAGEBRUSH AVENUE N.
CITY UNIONTOWN
STATE OH
ZIP 446850000
MORT $ 55,800.00
BAL $ 55,214.02
RATE 9.200
PAI $ 572.62
CLTV 54.174
MATURITY 130122
FEE 0.5000
LOAN 0000022005060
LAST_NAME RICHARDSON
ADDRESS 1130 STANLEY MISSION ROAD
CITY KINSTON
STATE NC
ZIP 285040000
MORT $ 78,800.00
BAL $ 77,928.62
RATE 8.750
PAI $ 696.37
CLTV 69.734
MATURITY 171022
FEE 0.5000
LOAN 0000022005086
LAST_NAME ORSHOSKI
ADDRESS 421 NIEL STREET
CITY SANDUSKY
STATE OH
ZIP 447800000
MORT $ 59,000.00
BAL $ 58,631.26
RATE 8.750
PAI $ 521.39
CLTV 72.839
MATURITY 171215
FEE 0.5000
LOAN 0000022005144
LAST_NAME BASS
ADDRESS 8500 ALTA VISTA DRIVE
CITY STOKESDALE
STATE NC
ZIP 273570000
MORT $ 56,000.00
BAL $ 55,380.56
RATE 8.990
PAI $ 567.66
CLTV 80.000
MATURITY 121217
FEE 0.5000
LOAN 0000022005177
LAST_NAME WHITE
ADDRESS 1610 SOUTH KENTUCKY AVENU
CITY ROSWELL
STATE NM
ZIP 882010000
MORT $ 55,200.00
BAL $ 54,872.77
RATE 7.750
PAI $ 519.59
CLTV 80.000
MATURITY 130327
FEE 0.5000
LOAN 0000022005250
LAST_NAME COOK
ADDRESS 1072 LINCOLN COURT
CITY SAN JOSE
STATE CA
ZIP 951250000
MORT $ 20,000.00
BAL $ 20,000.00
RATE 9.350
PAI $ 257.16
CLTV 43.323
MATURITY 80520
FEE 0.5000
LOAN 0000022005292
LAST_NAME BIRKENFELD
ADDRESS 201 METZGER ROAD
CITY CARSON
STATE WA
ZIP 986100000
MORT $ 53,500.00
BAL $ 53,500.00
RATE 10.000
PAI $ 516.29
CLTV 79.949
MATURITY 180518
FEE 0.5000
LOAN 0000022005300
LAST_NAME WILSON
ADDRESS 7812 W 1050 S
CITY FORTVILLE
STATE IN
ZIP 460400000
MORT $ 56,000.00
BAL $ 55,265.35
RATE 9.250
PAI $ 576.35
CLTV 80.000
MATURITY 121229
FEE 0.5000
LOAN 0000022005318
LAST_NAME BLACK
ADDRESS 9621 RIVER ROAD
CITY SPRING HILL
STATE FL
ZIP 346080000
MORT $ 34,000.00
BAL $ 33,966.40
RATE 9.500
PAI $ 285.90
CLTV 85.000
MATURITY 280311
FEE 0.5000
Page 20
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022005334
LAST_NAME LUMIA
ADDRESS 412 FAIRFIELD AVENUE
CITY WATERBURY
STATE CT
ZIP 067080000
MORT $ 45,000.00
BAL $ 44,768.68
RATE 9.350
PAI $ 465.84
CLTV 63.380
MATURITY 130320
FEE 0.5000
LOAN 0000022005342
LAST_NAME EMERY
ADDRESS 401 W BENTON
CITY OXFORD
STATE IN
ZIP 479710000
MORT $ 56,000.00
BAL $ 55,924.28
RATE 9.990
PAI $ 491.03
CLTV 80.000
MATURITY 130204
FEE 0.5000
LOAN 0000022005383
LAST_NAME REMELY
ADDRESS 73 STANDISH BOULEVARD
CITY PITTSBURGH
STATE PA
ZIP 152280000
MORT $177,000.00
BAL $ 176,708.72
RATE 8.250
PAI $ 1,508.16
CLTV 68.076
MATURITY 180417
FEE 0.5000
LOAN 0000022005391
LAST_NAME WARD
ADDRESS 4649 HAY ROAD
CITY HARROD
STATE OH
ZIP 458500000
MORT $211,500.00
BAL $ 211,143.07
RATE 8.900
PAI $ 1,686.59
CLTV 90.000
MATURITY 130202
FEE 0.5000
LOAN 0000022005425
LAST_NAME BRIDGEMAN
ADDRESS 30 ALDEN AVENUE
CITY PORTSMOUTH
STATE VA
ZIP 237020000
MORT $ 58,500.00
BAL $ 58,215.23
RATE 9.950
PAI $ 626.86
CLTV 90.000
MATURITY 130319
FEE 0.5000
LOAN 0000022005490
LAST_NAME ROBERSON
ADDRESS 412 N.BROADWAY UNIT #12
CITY YONKERS
STATE NY
ZIP 107010000
MORT $124,000.00
BAL $ 123,886.85
RATE 9.875
PAI $ 1,076.76
CLTV 80.000
MATURITY 130309
FEE 0.5000
LOAN 0000022005573
LAST_NAME STOWE
ADDRESS 20 PROSPECT STREET
CITY PIEDMONT
STATE SC
ZIP 296730000
MORT $ 41,600.00
BAL $ 41,520.65
RATE 8.300
PAI $ 314.00
CLTV 80.000
MATURITY 280213
FEE 0.5000
LOAN 0000022005607
LAST_NAME HUMMEL
ADDRESS 6338 W GIFFORD
CITY INDIANAPOLI
STATE IN
ZIP 462240000
MORT $ 74,400.00
BAL $ 74,243.88
RATE 9.250
PAI $ 612.08
CLTV 80.000
MATURITY 130126
FEE 0.5000
LOAN 0000022005623
LAST_NAME LEIBLE
ADDRESS 6 HAYRICK LANE
CITY COMMACK
STATE NY
ZIP 117250000
MORT $ 30,000.00
BAL $ 30,000.00
RATE 9.250
PAI $ 274.77
CLTV 76.366
MATURITY 180512
FEE 0.5000
LOAN 0000022005631
LAST_NAME WALKER
ADDRESS 3419 NEW HOPE ROAD
CITY RALEIGH
STATE NC
ZIP 276040000
MORT $120,000.00
BAL $ 119,432.50
RATE 8.650
PAI $ 1,052.81
CLTV 80.000
MATURITY 180205
FEE 0.5000
LOAN 0000022005656
LAST_NAME ELSEA
ADDRESS 257 PIKEVILLE AVENUE
CITY GRAYSVILLE
STATE TN
ZIP 373380000
MORT $ 59,500.00
BAL $ 59,007.51
RATE 8.600
PAI $ 589.41
CLTV 72.560
MATURITY 130301
FEE 0.5000
LOAN 0000022005672
LAST_NAME SLAUGHTER
ADDRESS 510 ROYAL SPRINGS DRIVE
CITY SPRINGBORO
STATE OH
ZIP 450660000
MORT $135,600.00
BAL $ 135,287.06
RATE 8.790
PAI $ 1,070.65
CLTV 80.000
MATURITY 130113
FEE 0.5000
LOAN 0000022005680
LAST_NAME WETHINGTON
ADDRESS 1425 SEABOARD AVENUE
CITY CHESAPEAKE
STATE VA
ZIP 233240000
MORT $ 35,000.00
BAL $ 34,741.03
RATE 9.850
PAI $ 372.91
CLTV 70.000
MATURITY 130113
FEE 0.5000
LOAN 0000022005730
LAST_NAME ROMANS
ADDRESS 864 FAIRBORN ROAD
CITY CINCINNATI
STATE OH
ZIP 452400000
MORT $ 63,600.00
BAL $ 63,059.37
RATE 8.300
PAI $ 618.87
CLTV 80.000
MATURITY 130203
FEE 0.5000
LOAN 0000022005763
LAST_NAME WERTMAN
ADDRESS 820 S ELEVENTH STREET
CITY GOSHEN
STATE IN
ZIP 465260000
MORT $ 25,000.00
BAL $ 24,804.73
RATE 9.250
PAI $ 257.30
CLTV 55.609
MATURITY 130204
FEE 0.5000
LOAN 0000022005771
LAST_NAME SAWYER
ADDRESS 920 DUKE OF SUFFOLK DRIVE
CITY VIRGINIA BE
STATE VA
ZIP 234540000
MORT $ 93,100.00
BAL $ 92,785.38
RATE 8.500
PAI $ 715.86
CLTV 62.066
MATURITY 130319
FEE 0.5000
LOAN 0000022005797
LAST_NAME MESSENGER
ADDRESS 21-23 TRINITY STREET
CITY NEW BRITAIN
STATE CT
ZIP 060530000
MORT $ 83,250.00
BAL $ 83,218.66
RATE 10.750
PAI $ 777.12
CLTV 75.000
MATURITY 280401
FEE 0.5000
LOAN 0000022005805
LAST_NAME PALMER
ADDRESS 12200 BERMUDA DRIVE NE
CITY ALBUQUERQUE
STATE NM
ZIP 871110000
MORT $ 24,150.00
BAL $ 24,150.00
RATE 10.000
PAI $ 233.06
CLTV 81.850
MATURITY 180511
FEE 0.5000
LOAN 0000022005839
LAST_NAME MCLAUGHLIN
ADDRESS 777 ILLINI DRIVE
CITY MONROEVILLE
STATE PA
ZIP 151460000
MORT $106,400.00
BAL $ 106,209.19
RATE 8.600
PAI $ 825.68
CLTV 80.000
MATURITY 280210
FEE 0.5000
LOAN 0000022005854
LAST_NAME PARKER
ADDRESS 5608 AKRON-CLEVELAND ROAD
CITY HUDSON
STATE OH
ZIP 442360000
MORT $ 63,750.00
BAL $ 63,616.89
RATE 10.350
PAI $ 576.01
CLTV 75.000
MATURITY 121205
FEE 0.5000
LOAN 0000022005896
LAST_NAME SCROGGS
ADDRESS 5524 HARVEST LANE
CITY TOLEDO
STATE OH
ZIP 436230000
MORT $ 72,000.00
BAL $ 71,821.65
RATE 8.750
PAI $ 566.43
CLTV 80.000
MATURITY 130106
FEE 0.5000
LOAN 0000022005904
LAST_NAME BRANCHE
ADDRESS 4614 RUDDELL ROAD
CITY JEFFERSONVI
STATE IN
ZIP 471300000
MORT $ 75,650.00
BAL $ 75,407.83
RATE 8.500
PAI $ 656.51
CLTV 85.000
MATURITY 180323
FEE 0.5000
LOAN 0000022005979
LAST_NAME KHAN
ADDRESS 8 FIR STREET
CITY VALLEY STRE
STATE NY
ZIP 115800000
MORT $ 21,000.00
BAL $ 21,000.00
RATE 10.100
PAI $ 447.23
CLTV 83.583
MATURITY 30512
FEE 0.5000
LOAN 0000022006019
LAST_NAME WARNER
ADDRESS 509 S. JOHNSTON AVE.
CITY ROCKFORD
STATE IL
ZIP 611020000
MORT $ 21,700.00
BAL $ 21,526.48
RATE 8.990
PAI $ 219.98
CLTV 57.105
MATURITY 130128
FEE 0.5000
LOAN 0000022006027
LAST_NAME SHOCKLEY
ADDRESS 3465 6TH AVENUE
CITY INDIANAPOLI
STATE IN
ZIP 462210000
MORT $ 19,500.00
BAL $ 19,282.07
RATE 8.500
PAI $ 192.03
CLTV 30.468
MATURITY 130127
FEE 0.5000
LOAN 0000022006035
LAST_NAME MARTIN
ADDRESS 1118 LEE CIRCLE
CITY WEST COLUMB
STATE SC
ZIP 291700000
MORT $ 61,790.00
BAL $ 61,649.13
RATE 8.850
PAI $ 490.53
CLTV 87.645
MATURITY 280116
FEE 0.5000
LOAN 0000022006068
LAST_NAME LUGENBELL
ADDRESS 1121 E STANFORD
CITY SPRINGFIELD
STATE MO
ZIP 658070000
MORT $ 65,600.00
BAL $ 65,265.72
RATE 8.050
PAI $ 550.75
CLTV 80.000
MATURITY 180206
FEE 0.5000
LOAN 0000022006183
LAST_NAME HOLLEMAN
ADDRESS 1013 WARREN AVE
CITY WINSTON SAL
STATE NC
ZIP 271270000
MORT $ 29,500.00
BAL $ 29,141.86
RATE 8.990
PAI $ 299.03
CLTV 43.382
MATURITY 130309
FEE 0.5000
LOAN 0000022006225
LAST_NAME HOWARD
ADDRESS 12416 E ALASKA PLACE
CITY AURORA
STATE CO
ZIP 800120000
MORT $ 96,000.00
BAL $ 95,269.54
RATE 8.990
PAI $ 863.12
CLTV 79.338
MATURITY 171224
FEE 0.5000
LOAN 0000022006332
LAST_NAME SHORT
ADDRESS MCLENDON ROAD
CITY MCFARLAN
STATE NC
ZIP 281020000
MORT $ 52,800.00
BAL $ 52,673.48
RATE 9.700
PAI $ 451.70
CLTV 80.000
MATURITY 121211
FEE 0.5000
LOAN 0000022006381
LAST_NAME SULLIVAN
ADDRESS 3627 MARTIN LUTHER KING D
CITY CLEVELAND
STATE OH
ZIP 441050000
MORT $ 69,000.00
BAL $ 68,855.23
RATE 9.250
PAI $ 567.65
CLTV 79.310
MATURITY 130115
FEE 0.5000
LOAN 0000022006399
LAST_NAME DAYTON
ADDRESS 28 CARDINAL DRIVE
CITY CAPE MAY CO
STATE NJ
ZIP 082100000
MORT $104,300.00
BAL $ 104,194.46
RATE 9.400
PAI $ 869.41
CLTV 83.440
MATURITY 280316
FEE 0.5000
LOAN 0000022006415
LAST_NAME JONES
ADDRESS 259 CHARLES STREET
CITY BOONE
STATE NC
ZIP 286070000
MORT $ 98,400.00
BAL $ 98,125.04
RATE 7.850
PAI $ 711.77
CLTV 80.000
MATURITY 121229
FEE 0.5000
LOAN 0000022006423
LAST_NAME MILLER
ADDRESS 3815 BIG SPRINGS DR
CITY PHOENIX CIT
STATE AL
ZIP 368700000
MORT $116,000.00
BAL $ 116,000.00
RATE 9.400
PAI $ 1,073.71
CLTV 80.000
MATURITY 180501
FEE 0.5000
LOAN 0000022006472
LAST_NAME NOVICKY
ADDRESS 8514 DEERFIELD DRIVE
CITY PARMA
STATE OH
ZIP 441290000
MORT $ 85,600.00
BAL $ 85,443.33
RATE 8.500
PAI $ 658.19
CLTV 80.000
MATURITY 280204
FEE 0.5000
LOAN 0000022006597
LAST_NAME AMSTUTZ
ADDRESS 1412 WINNETTE DRIVE
CITY TOLEDO
STATE OH
ZIP 436140000
MORT $ 60,000.00
BAL $ 59,867.12
RATE 8.990
PAI $ 482.35
CLTV 80.000
MATURITY 130120
FEE 0.5000
LOAN 0000022006605
LAST_NAME MOYER
ADDRESS 342 SE ORANGEBURG STREET
CITY AIKEN
STATE SC
ZIP 298010000
MORT $ 43,000.00
BAL $ 43,000.00
RATE 8.400
PAI $ 420.93
CLTV 75.438
MATURITY 130504
FEE 0.5000
LOAN 0000022006613
LAST_NAME HUBBARD
ADDRESS 1236 GOLDEN LEAF ROAD
CITY NATHALIE
STATE VA
ZIP 245770000
MORT $ 63,000.00
BAL $ 62,926.62
RATE 10.650
PAI $ 583.37
CLTV 90.000
MATURITY 130120
FEE 0.5000
LOAN 0000022006670
LAST_NAME SAUNDERS
ADDRESS 8558 BENTON AVENUE
CITY PHILADELPHI
STATE PA
ZIP 191520000
MORT $ 76,000.00
BAL $ 75,884.32
RATE 9.390
PAI $ 632.96
CLTV 80.000
MATURITY 280210
FEE 0.5000
LOAN 0000022006696
LAST_NAME HAYNES
ADDRESS 610 HIGHTOWER STREET
CITY VALDOSTA
STATE GA
ZIP 316010000
MORT $ 35,000.00
BAL $ 34,243.74
RATE 8.400
PAI $ 432.09
CLTV 77.777
MATURITY 80202
FEE 0.5000
LOAN 0000022006704
LAST_NAME JEANETTE
ADDRESS 421 W HENDRICKS STREET
CITY SHELBYVILLE
STATE IN
ZIP 461760000
MORT $ 35,000.00
BAL $ 34,707.71
RATE 8.500
PAI $ 344.66
CLTV 56.910
MATURITY 130217
FEE 0.5000
Page 21
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022006746
LAST_NAME ROBERTS
ADDRESS 4512 WEST STREET RT 122
CITY FRANKLIN
STATE OH
ZIP 450050000
MORT $ 85,000.00
BAL $ 84,889.81
RATE 10.150
PAI $ 755.38
CLTV 80.952
MATURITY 130205
FEE 0.5000
LOAN 0000022006753
LAST_NAME NUETZMAN
ADDRESS 2010 W MORRIS STREET
CITY INDIANAPOLI
STATE IN
ZIP 462200000
MORT $ 45,600.00
BAL $ 45,373.29
RATE 8.250
PAI $ 388.55
CLTV 80.000
MATURITY 180217
FEE 0.5000
LOAN 0000022006803
LAST_NAME PEREHINEC
ADDRESS 102 FORNELIUS AVENUE
CITY CLIFTON
STATE NJ
ZIP 070130000
MORT $ 38,850.00
BAL $ 38,850.00
RATE 10.000
PAI $ 417.49
CLTV 84.998
MATURITY 130513
FEE 0.5000
LOAN 0000022006845
LAST_NAME JENKINS
ADDRESS 217 FIRST STREET
CITY MALVERN
STATE OH
ZIP 446440000
MORT $ 32,000.00
BAL $ 31,957.18
RATE 8.950
PAI $ 256.33
CLTV 65.306
MATURITY 280229
FEE 0.5000
LOAN 0000022006852
LAST_NAME ANDERECK
ADDRESS 11805 COCHISE CIRCLE
CITY CONIFER
STATE CO
ZIP 804330000
MORT $144,000.00
BAL $ 143,722.61
RATE 8.250
PAI $ 1,081.83
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000022006902
LAST_NAME MCPEEK
ADDRESS 27140 SHOREVIEW AVENUE
CITY EUCLID
STATE OH
ZIP 441320000
MORT $ 88,000.00
BAL $ 87,858.06
RATE 9.140
PAI $ 716.96
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000022006928
LAST_NAME GILLIGAN
ADDRESS 5011 W FRIENDLY AVENUE
CITY GREENSBORO
STATE NC
ZIP 274070000
MORT $118,400.00
BAL $ 118,208.53
RATE 9.100
PAI $ 961.21
CLTV 80.000
MATURITY 130120
FEE 0.5000
LOAN 0000022006951
LAST_NAME WIGGINS
ADDRESS 1807 MARY ELLEN DRIVE
CITY BRUNSWICK
STATE OH
ZIP 442120000
MORT $107,100.00
BAL $ 106,928.62
RATE 8.500
PAI $ 929.44
CLTV 85.000
MATURITY 180330
FEE 0.5000
LOAN 0000022006969
LAST_NAME IWICKI
ADDRESS 23 W 511 WOODWORTH PLACE
CITY ROSELLE
STATE IL
ZIP 601720000
MORT $140,000.00
BAL $ 139,756.56
RATE 8.750
PAI $ 1,101.39
CLTV 80.000
MATURITY 130211
FEE 0.5000
LOAN 0000022006993
LAST_NAME BONVINO
ADDRESS 11 LT CRAWFORD WHEEL
CITY TOWN OF ORN
STATE NY
ZIP 109130000
MORT $275,000.00
BAL $ 274,413.60
RATE 7.950
PAI $ 2,008.28
CLTV 68.750
MATURITY 130421
FEE 0.5000
LOAN 0000022007041
LAST_NAME MC LAIN
ADDRESS 4969 AMERICANA DRIVE
CITY ANNANDALE
STATE VA
ZIP 220030000
MORT $ 32,000.00
BAL $ 31,817.68
RATE 8.200
PAI $ 309.52
CLTV 49.230
MATURITY 130316
FEE 0.5000
LOAN 0000022007082
LAST_NAME BUSKILL
ADDRESS 904 LAKE DRIVE
CITY SHELBY
STATE NC
ZIP 281520000
MORT $ 65,600.00
BAL $ 65,416.71
RATE 7.850
PAI $ 474.51
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000022007090
LAST_NAME BUYSSE
ADDRESS 9719 JELLISON WAY
CITY BROOMFIELD
STATE CO
ZIP 800210000
MORT $129,750.00
BAL $ 127,722.25
RATE 8.990
PAI $ 1,642.92
CLTV 75.000
MATURITY 80114
FEE 0.5000
LOAN 0000022007108
LAST_NAME ELLISON
ADDRESS 2205 SOUTH CLINTON AVENUE
CITY TRENTON
STATE NJ
ZIP 086100000
MORT $ 22,000.00
BAL $ 21,874.78
RATE 8.850
PAI $ 195.82
CLTV 66.666
MATURITY 180317
FEE 0.5000
LOAN 0000022007124
LAST_NAME HOWARD
ADDRESS 442 GLENWOOD ROAD
CITY BELTON
STATE SC
ZIP 296270000
MORT $ 93,330.00
BAL $ 93,330.00
RATE 12.500
PAI $ 996.07
CLTV 90.000
MATURITY 280313
FEE 0.5000
LOAN 0000022007165
LAST_NAME MCGOWAN
ADDRESS 1333 N 15 AVENUE
CITY HOLLYWOOD
STATE FL
ZIP 330200000
MORT $ 18,000.00
BAL $ 17,802.79
RATE 11.240
PAI $ 207.31
CLTV 71.508
MATURITY 121205
FEE 0.5000
LOAN 0000022007223
LAST_NAME BANKS
ADDRESS 1138 N. MONITOR
CITY CHICAGO
STATE IL
ZIP 606510000
MORT $ 80,000.00
BAL $ 79,389.04
RATE 9.500
PAI $ 835.38
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000022007231
LAST_NAME WARD
ADDRESS 122 BAY ROAD
CITY EASTON.
STATE MA
ZIP 023560000
MORT $165,000.00
BAL $ 164,910.81
RATE 9.050
PAI $ 1,333.57
CLTV 77.102
MATURITY 280401
FEE 0.5000
LOAN 0000022007280
LAST_NAME BIRCH
ADDRESS 339 BARRETT ROAD
CITY BEREA
STATE OH
ZIP 440170000
MORT $ 49,000.00
BAL $ 48,627.17
RATE 7.550
PAI $ 455.63
CLTV 40.833
MATURITY 130323
FEE 0.5000
LOAN 0000022007330
LAST_NAME PECKHAM
ADDRESS 10622 TUPPENCE COURT
CITY ROCKVILLE
STATE MD
ZIP 208500000
MORT $120,000.00
BAL $ 119,288.63
RATE 7.750
PAI $ 1,129.54
CLTV 78.947
MATURITY 130323
FEE 0.5000
LOAN 0000022007397
LAST_NAME MARANDO
ADDRESS 554 DOW AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 077550000
MORT $ 76,500.00
BAL $ 76,389.13
RATE 10.990
PAI $ 727.95
CLTV 75.000
MATURITY 280101
FEE 0.5000
LOAN 0000022007462
LAST_NAME MORTON
ADDRESS 11400 N MT. VERNON DRIVE
CITY FT. LAUDERD
STATE FL
ZIP 333250000
MORT $203,800.00
BAL $ 203,426.97
RATE 8.500
PAI $ 1,567.05
CLTV 79.921
MATURITY 130212
FEE 0.5000
LOAN 0000022007470
LAST_NAME WINTERS
ADDRESS 8650 ROUTE 9
CITY WEST CHAZY
STATE NY
ZIP 129920000
MORT $ 58,400.00
BAL $ 57,924.04
RATE 8.750
PAI $ 516.09
CLTV 80.000
MATURITY 180213
FEE 0.5000
LOAN 0000022007520
LAST_NAME SCALES
ADDRESS 34-08 SOUTHERN DRIVE
CITY FAIRLAWN
STATE NJ
ZIP 074100000
MORT $160,000.00
BAL $ 159,341.79
RATE 9.750
PAI $ 1,517.63
CLTV 80.000
MATURITY 180201
FEE 0.5000
LOAN 0000022007629
LAST_NAME HARMON
ADDRESS 3325 MCGREW STREET
CITY CINCINNATI
STATE OH
ZIP 452410000
MORT $ 50,700.00
BAL $ 50,550.21
RATE 7.750
PAI $ 477.23
CLTV 61.084
MATURITY 130401
FEE 0.5000
LOAN 0000022007686
LAST_NAME BLEDSOE
ADDRESS 518 SAINT DOROTHY DRIVE
CITY EAST SAINT
STATE IL
ZIP 622060000
MORT $ 24,000.00
BAL $ 22,852.32
RATE 8.990
PAI $ 243.29
CLTV 80.000
MATURITY 130202
FEE 0.5000
LOAN 0000022007769
LAST_NAME FENN
ADDRESS 14807 MASON ROAD
CITY VERMILION
STATE OH
ZIP 440890000
MORT $ 13,100.00
BAL $ 13,100.00
RATE 9.350
PAI $ 135.62
CLTV 79.894
MATURITY 130505
FEE 0.5000
LOAN 0000022007819
LAST_NAME MORGAN
ADDRESS 15836 SEA PINES DRIVE
CITY HUDSON
STATE FL
ZIP 346670000
MORT $ 37,000.00
BAL $ 36,483.62
RATE 8.550
PAI $ 365.44
CLTV 74.000
MATURITY 130102
FEE 0.5000
LOAN 0000022007868
LAST_NAME FINIGAN
ADDRESS 274 GLADYS ROAD
CITY COLUMBUS
STATE OH
ZIP 432280000
MORT $ 70,400.00
BAL $ 70,204.40
RATE 8.990
PAI $ 565.95
CLTV 80.000
MATURITY 271224
FEE 0.5000
LOAN 0000022007884
LAST_NAME BARWICK
ADDRESS 374 LEON FLOWERS RD
CITY MOUNT OLIVE
STATE NC
ZIP 281650000
MORT $ 44,000.00
BAL $ 43,716.38
RATE 11.350
PAI $ 509.82
CLTV 80.000
MATURITY 130227
FEE 0.5000
LOAN 0000022007918
LAST_NAME KLECKLEY
ADDRESS 311 SE 44TH STREET
CITY GAINESVILLE
STATE FL
ZIP 326080000
MORT $ 49,600.00
BAL $ 47,856.57
RATE 8.550
PAI $ 616.30
CLTV 80.000
MATURITY 71223
FEE 0.5000
LOAN 0000022007967
LAST_NAME LONGHITANO
ADDRESS 622 VAN NEST AVENUE
CITY BRONX
STATE NY
ZIP 104600000
MORT $184,000.00
BAL $ 183,825.76
RATE 9.700
PAI $ 1,574.10
CLTV 80.000
MATURITY 280306
FEE 0.5000
LOAN 0000022008056
LAST_NAME O'WADE
ADDRESS 322 FIRST STREET
CITY VANDERBILT
STATE PA
ZIP 154860000
MORT $ 28,000.00
BAL $ 27,832.40
RATE 8.100
PAI $ 269.21
CLTV 62.222
MATURITY 130323
FEE 0.5000
LOAN 0000022008122
LAST_NAME KLINE
ADDRESS 20144 SW 83RD STREET
CITY DUNNELLON
STATE FL
ZIP 344310000
MORT $ 56,800.00
BAL $ 56,674.22
RATE 8.990
PAI $ 456.62
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022008197
LAST_NAME COLLETTI
ADDRESS 8718 19TH AVENUE
CITY BROOKLYN
STATE NY
ZIP 112140000
MORT $ 77,000.00
BAL $ 76,781.39
RATE 8.200
PAI $ 744.78
CLTV 50.151
MATURITY 130413
FEE 0.5000
LOAN 0000022008247
LAST_NAME PITTMAN
ADDRESS 4957 11TH STREET NE
CITY WASHINGTON
STATE DC
ZIP 200170000
MORT $ 76,500.00
BAL $ 76,373.42
RATE 8.990
PAI $ 614.99
CLTV 67.105
MATURITY 280209
FEE 0.5000
LOAN 0000022008262
LAST_NAME LUDLUM
ADDRESS 10216 CARLTON ROAD
CITY PORT ST. LU
STATE FL
ZIP 349880000
MORT $ 57,200.00
BAL $ 56,725.75
RATE 8.300
PAI $ 489.18
CLTV 52.000
MATURITY 171220
FEE 0.5000
LOAN 0000022008338
LAST_NAME LAWRENCE
ADDRESS 319 HILL TOP FARM ROAD
CITY CANTON
STATE NC
ZIP 287160000
MORT $ 20,150.00
BAL $ 20,048.20
RATE 9.400
PAI $ 259.64
CLTV 79.958
MATURITY 80401
FEE 0.5000
LOAN 0000022008346
LAST_NAME CHEW
ADDRESS 3838 SIXES ROAD
CITY PRINCE FRED
STATE MD
ZIP 206780000
MORT $142,000.00
BAL $ 141,315.74
RATE 8.500
PAI $ 1,232.31
CLTV 80.000
MATURITY 180210
FEE 0.5000
LOAN 0000022008379
LAST_NAME ANGER
ADDRESS 9686 SW 1ST PLACE
CITY BOCA RATON
STATE FL
ZIP 334280000
MORT $ 92,000.00
BAL $ 91,774.68
RATE 8.500
PAI $ 707.40
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022008387
LAST_NAME EDWARDS
ADDRESS 506 E ELM ST
CITY NASHVILLE
STATE NC
ZIP 278560000
MORT $ 49,500.00
BAL $ 49,461.08
RATE 9.750
PAI $ 441.11
CLTV 87.610
MATURITY 230420
FEE 0.5000
Page 22
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022008403
LAST_NAME GRANT
ADDRESS 352-354 SEAVIEW AVENUE
CITY BRIDGEPORT
STATE CT
ZIP 066040000
MORT $ 53,200.00
BAL $ 52,326.29
RATE 8.350
PAI $ 655.35
CLTV 65.679
MATURITY 80302
FEE 0.5000
LOAN 0000022008411
LAST_NAME DILLARD
ADDRESS 914 DRUM AVENUE
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $ 63,500.00
BAL $ 63,389.24
RATE 8.750
PAI $ 499.56
CLTV 67.914
MATURITY 130206
FEE 0.5000
LOAN 0000022008452
LAST_NAME GRIGGS
ADDRESS 14913 MCDUFFEE ROAD
CITY CHURUBUSCO
STATE IN
ZIP 467230000
MORT $ 55,700.00
BAL $ 55,311.62
RATE 10.500
PAI $ 615.71
CLTV 71.860
MATURITY 130202
FEE 0.5000
LOAN 0000022008460
LAST_NAME BEYER
ADDRESS 4950 CANOE CREEK ROAD
CITY ST. CLOUD
STATE FL
ZIP 347720000
MORT $100,000.00
BAL $ 99,695.89
RATE 8.550
PAI $ 772.46
CLTV 53.475
MATURITY 271202
FEE 0.5000
LOAN 0000022008510
LAST_NAME HAYES
ADDRESS 2803 OAKLEY AVENUE
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $ 50,000.00
BAL $ 49,955.48
RATE 9.990
PAI $ 438.42
CLTV 72.463
MATURITY 280221
FEE 0.5000
LOAN 0000022008536
LAST_NAME SMALL
ADDRESS 103 MYRTLE STREET
CITY MORGANTON
STATE NC
ZIP 286550000
MORT $ 52,400.00
BAL $ 51,991.69
RATE 8.800
PAI $ 464.74
CLTV 80.000
MATURITY 171215
FEE 0.5000
LOAN 0000022008577
LAST_NAME SCOTT
ADDRESS 1240 UNDERWOOD STREET N.W
CITY WASHINGTON
STATE DC
ZIP 200120000
MORT $ 75,000.00
BAL $ 74,869.59
RATE 8.750
PAI $ 590.03
CLTV 44.378
MATURITY 280217
FEE 0.5000
LOAN 0000022008619
LAST_NAME DOOLITTLE
ADDRESS 106 STEEPLECHASE DRIVE
CITY NEWINGTON
STATE CT
ZIP 061110000
MORT $100,800.00
BAL $ 100,678.69
RATE 8.550
PAI $ 778.64
CLTV 80.000
MATURITY 130304
FEE 0.5000
LOAN 0000022008650
LAST_NAME BREWINGTON
ADDRESS 635 SANDERS STREET
CITY CLINTON
STATE NC
ZIP 283280000
MORT $ 45,000.00
BAL $ 44,898.60
RATE 9.990
PAI $ 394.57
CLTV 81.818
MATURITY 271222
FEE 0.5000
LOAN 0000022008718
LAST_NAME SCHWARTZ
ADDRESS 46 LARCH HILL ROAD
CITY LAWRENCE
STATE NY
ZIP 115590000
MORT $ 29,000.00
BAL $ 29,000.00
RATE 9.250
PAI $ 298.47
CLTV 59.817
MATURITY 130512
FEE 0.5000
LOAN 0000022008734
LAST_NAME VITAL
ADDRESS 910 N. ST. LOUIS AVENUE
CITY CHICAGO
STATE IL
ZIP 606510000
MORT $ 95,500.00
BAL $ 95,448.91
RATE 9.100
PAI $ 775.30
CLTV 80.252
MATURITY 130417
FEE 0.5000
LOAN 0000022008890
LAST_NAME DEASON
ADDRESS 2507 W 71ST
CITY CHICAGO
STATE IL
ZIP 606290000
MORT $ 96,000.00
BAL $ 95,834.82
RATE 8.800
PAI $ 758.66
CLTV 83.478
MATURITY 280301
FEE 0.5000
LOAN 0000022008965
LAST_NAME DUKE
ADDRESS 73 MOUNT LOWELL ROAD
CITY CARROLLTON
STATE GA
ZIP 301160000
MORT $ 56,250.00
BAL $ 56,182.44
RATE 11.850
PAI $ 572.11
CLTV 75.000
MATURITY 130112
FEE 0.5000
LOAN 0000022009203
LAST_NAME CORDELL
ADDRESS 3919 COUNTY ROAD 119
CITY HESPERUS
STATE CO
ZIP 813260000
MORT $ 90,000.00
BAL $ 89,365.18
RATE 7.750
PAI $ 847.15
CLTV 66.666
MATURITY 130330
FEE 0.5000
LOAN 0000022009229
LAST_NAME DODD
ADDRESS 16638 S WALCOTT STREET
CITY MARKHAM
STATE IL
ZIP 604260000
MORT $ 57,600.00
BAL $ 57,435.74
RATE 8.150
PAI $ 555.46
CLTV 80.000
MATURITY 130330
FEE 0.5000
LOAN 0000022009245
LAST_NAME RILEY
ADDRESS 287 NEEDHAM STREET
CITY DEDHAM
STATE MA
ZIP 020260000
MORT $200,000.00
BAL $ 199,872.46
RATE 8.250
PAI $ 1,502.54
CLTV 80.000
MATURITY 280330
FEE 0.5000
LOAN 0000022009278
LAST_NAME BASINI
ADDRESS 932 IDEAL WAY
CITY CHARLOTTE
STATE NC
ZIP 282030000
MORT $243,900.00
BAL $ 243,635.31
RATE 9.050
PAI $ 1,971.26
CLTV 90.000
MATURITY 280311
FEE 0.5000
LOAN 0000022009336
LAST_NAME EARLES
ADDRESS 908 ST. PAUL LANE
CITY CAMDEN
STATE SC
ZIP 290200000
MORT $ 75,650.00
BAL $ 75,525.50
RATE 8.250
PAI $ 644.59
CLTV 85.000
MATURITY 180406
FEE 0.5000
LOAN 0000022009377
LAST_NAME SCOTT
ADDRESS 33 BICENTENNIAL WAY
CITY TOWN OF BOX
STATE MA
ZIP 017190000
MORT $234,000.00
BAL $ 233,838.14
RATE 7.850
PAI $ 1,692.61
CLTV 65.000
MATURITY 280408
FEE 0.5000
LOAN 0000022009435
LAST_NAME MCCLUNG
ADDRESS 55 FAIRWAY RIDGE DR
CITY ALPHARETTA
STATE GA
ZIP 300220000
MORT $146,500.00
BAL $ 146,200.12
RATE 7.950
PAI $ 1,069.86
CLTV 79.189
MATURITY 130219
FEE 0.5000
LOAN 0000022009526
LAST_NAME WOODARD
ADDRESS 4002 SOUTH CASTLE ROAD
CITY WEST VALLEY
STATE UT
ZIP 841280000
MORT $ 94,400.00
BAL $ 94,277.96
RATE 8.200
PAI $ 705.88
CLTV 80.000
MATURITY 130501
FEE 0.5000
LOAN 0000022009708
LAST_NAME WOLFE
ADDRESS 465 GROVE STREET
CITY MORGANTOWN
STATE WV
ZIP 265050000
MORT $ 47,600.00
BAL $ 47,523.60
RATE 8.450
PAI $ 411.58
CLTV 70.000
MATURITY 180427
FEE 0.5000
LOAN 0000022009773
LAST_NAME DAVIS
ADDRESS 2896 ESQUIRE DRIVE
CITY NATRONA HEI
STATE PA
ZIP 150650000
MORT $ 37,000.00
BAL $ 36,674.80
RATE 8.550
PAI $ 365.44
CLTV 82.222
MATURITY 130327
FEE 0.5000
LOAN 0000022009823
LAST_NAME SIMMONS
ADDRESS 7601 S 72ND AVE
CITY LAVISTA
STATE NE
ZIP 681280000
MORT $ 66,600.00
BAL $ 66,571.16
RATE 10.100
PAI $ 589.39
CLTV 90.000
MATURITY 130317
FEE 0.5000
LOAN 0000022009831
LAST_NAME GLADCZUK
ADDRESS 353 FIVE MILE WOOD ROAD
CITY CATSKILL
STATE NY
ZIP 124140000
MORT $ 50,000.00
BAL $ 50,000.00
RATE 11.650
PAI $ 500.88
CLTV 76.923
MATURITY 280508
FEE 0.5000
LOAN 0000022009856
LAST_NAME LEMLEY
ADDRESS 536 BRIAN AVE
CITY VIRGINIA BE
STATE VA
ZIP 234620000
MORT $ 40,000.00
BAL $ 39,949.67
RATE 10.350
PAI $ 395.33
CLTV 53.333
MATURITY 180406
FEE 0.5000
LOAN 0000022009864
LAST_NAME WOLFE
ADDRESS 445-57 GROVE STREET
CITY MORGANTOWN
STATE WV
ZIP 265050000
MORT $ 77,700.00
BAL $ 77,575.29
RATE 8.450
PAI $ 671.85
CLTV 70.000
MATURITY 180427
FEE 0.5000
LOAN 0000022009914
LAST_NAME SALCH
ADDRESS 423 WESSEX DR
CITY CHESAPEAKE
STATE VA
ZIP 233200000
MORT $ 54,700.00
BAL $ 54,433.72
RATE 9.950
PAI $ 586.14
CLTV 79.963
MATURITY 130324
FEE 0.5000
LOAN 0000022009971
LAST_NAME PAREDES
ADDRESS 7080 KEARNEY ST
CITY COMMERCE CI
STATE CO
ZIP 800220000
MORT $ 68,000.00
BAL $ 67,933.55
RATE 9.550
PAI $ 574.26
CLTV 85.000
MATURITY 280309
FEE 0.5000
LOAN 0000022010094
LAST_NAME MCGLONE
ADDRESS 586 MEADOW ROAD
CITY KINGS PARK
STATE NY
ZIP 117540000
MORT $ 59,000.00
BAL $ 59,000.00
RATE 9.350
PAI $ 544.20
CLTV 72.595
MATURITY 180528
FEE 0.5000
LOAN 0000022010110
LAST_NAME COOK
ADDRESS 24 INDIAN TRAIL
CITY DUXBURY
STATE MA
ZIP 023320000
MORT $102,500.00
BAL $ 102,431.92
RATE 8.050
PAI $ 755.68
CLTV 43.432
MATURITY 280330
FEE 0.5000
LOAN 0000022010243
LAST_NAME LABORIO
ADDRESS 15 PADDOCK DRIVE
CITY CRANSTON
STATE RI
ZIP 029210000
MORT $179,313.00
BAL $ 179,137.75
RATE 9.550
PAI $ 1,514.31
CLTV 79.999
MATURITY 280306
FEE 0.5000
LOAN 0000022010250
LAST_NAME LUCAS
ADDRESS 1504 LANTERN PLACE
CITY DURHAM
STATE NC
ZIP 277040000
MORT $ 75,780.00
BAL $ 75,722.69
RATE 10.750
PAI $ 707.39
CLTV 90.000
MATURITY 280323
FEE 0.5000
LOAN 0000022010284
LAST_NAME COCHRANE
ADDRESS 270 E CASSELL AVENUE
CITY BARBERTON
STATE OH
ZIP 442030000
MORT $ 44,000.00
BAL $ 43,974.68
RATE 8.750
PAI $ 346.15
CLTV 80.000
MATURITY 280330
FEE 0.5000
LOAN 0000022010375
LAST_NAME SHONE
ADDRESS 153 ERIAL ROAD
CITY CLEMENTON
STATE NJ
ZIP 080210000
MORT $ 52,800.00
BAL $ 52,443.24
RATE 8.250
PAI $ 470.00
CLTV 77.647
MATURITY 160316
FEE 0.5000
LOAN 0000022010391
LAST_NAME HOWELL
ADDRESS 112-01 204TH STREET
CITY ST. ALBANS
STATE NY
ZIP 114120000
MORT $ 27,000.00
BAL $ 27,000.00
RATE 10.250
PAI $ 360.56
CLTV 84.962
MATURITY 80526
FEE 0.5000
LOAN 0000022010490
LAST_NAME SANDERS
ADDRESS 108 BERKSHIRE CIRCLE
CITY JACKSONVILL
STATE AR
ZIP 720760000
MORT $ 38,000.00
BAL $ 37,770.74
RATE 7.550
PAI $ 353.35
CLTV 40.000
MATURITY 130323
FEE 0.5000
LOAN 0000022010516
LAST_NAME WALSH
ADDRESS 101 OAK STREET
CITY HALIFAX
STATE MA
ZIP 023380000
MORT $ 95,000.00
BAL $ 95,000.00
RATE 9.700
PAI $ 1,003.52
CLTV 65.972
MATURITY 130520
FEE 0.5000
LOAN 0000022010722
LAST_NAME TORTAJADA
ADDRESS 81 KINGSLEY ROAD
CITY SOUTH BRUNS
STATE NJ
ZIP 088240000
MORT $ 60,000.00
BAL $ 59,328.35
RATE 9.850
PAI $ 787.93
CLTV 46.875
MATURITY 80317
FEE 0.5000
LOAN 0000022010748
LAST_NAME KINGSBURY
ADDRESS 225 SOUTHSIDE AVENUE
CITY WEBSTER GRO
STATE MO
ZIP 631190000
MORT $112,000.00
BAL $ 111,876.92
RATE 8.990
PAI $ 900.38
CLTV 79.432
MATURITY 280301
FEE 0.5000
LOAN 0000022010797
LAST_NAME WHITE
ADDRESS 8678 S 3780 WEST
CITY WEST JORDAN
STATE UT
ZIP 840880000
MORT $ 85,600.00
BAL $ 85,458.39
RATE 8.990
PAI $ 688.14
CLTV 80.000
MATURITY 280105
FEE 0.5000
Page 23
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022010813
LAST_NAME KEY
ADDRESS 1507 BRYAN ST
CITY KISSIMMEE
STATE FL
ZIP 347410000
MORT $ 63,750.00
BAL $ 62,068.76
RATE 8.900
PAI $ 804.11
CLTV 85.000
MATURITY 71217
FEE 0.5000
LOAN 0000022010821
LAST_NAME MCMILLAN
ADDRESS 14090 E 54TH AVENUE
CITY DENVER
STATE CO
ZIP 802390000
MORT $ 80,000.00
BAL $ 79,804.08
RATE 8.500
PAI $ 615.13
CLTV 78.431
MATURITY 280102
FEE 0.5000
LOAN 0000022010938
LAST_NAME FELLER
ADDRESS 10847 N 53RD WAY
CITY SCOTTSDALE
STATE AZ
ZIP 852540000
MORT $ 25,000.00
BAL $ 25,000.00
RATE 10.200
PAI $ 271.72
CLTV 81.157
MATURITY 130526
FEE 0.5000
LOAN 0000022010946
LAST_NAME BRENNAN
ADDRESS 3700 WYNTERSET DRIVE
CITY LITHONIA
STATE GA
ZIP 300580000
MORT $ 39,000.00
BAL $ 39,000.00
RATE 9.450
PAI $ 503.59
CLTV 56.952
MATURITY 80518
FEE 0.5000
LOAN 0000022010979
LAST_NAME EASON
ADDRESS 41911 STATE HIGHWAY 59
CITY BAY MINNETT
STATE AL
ZIP 365070000
MORT $ 97,750.00
BAL $ 97,714.77
RATE 10.950
PAI $ 927.20
CLTV 85.000
MATURITY 130406
FEE 0.5000
LOAN 0000022010995
LAST_NAME BURROLA
ADDRESS 1658 WEST 252ND STREET
CITY HARBOR CITY
STATE CA
ZIP 907100000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 9.500
PAI $ 469.91
CLTV 78.242
MATURITY 130526
FEE 0.5000
LOAN 0000022011050
LAST_NAME CLARK
ADDRESS 116 WOODBINE AVENUE
CITY SYRACUSE
STATE NY
ZIP 132060000
MORT $ 58,800.00
BAL $ 58,800.00
RATE 9.750
PAI $ 505.18
CLTV 70.000
MATURITY 280501
FEE 0.5000
LOAN 0000022011209
LAST_NAME MARINO
ADDRESS 7 LLOYD DRIVE
CITY BRENTWOOD
STATE NY
ZIP 117170000
MORT $126,400.00
BAL $ 126,363.76
RATE 11.990
PAI $ 1,299.19
CLTV 80.000
MATURITY 280206
FEE 0.5000
LOAN 0000022011381
LAST_NAME WILLEY
ADDRESS 2204 LAKE ROAD
CITY ONTARIO
STATE NY
ZIP 145190000
MORT $ 76,000.00
BAL $ 76,000.00
RATE 9.200
PAI $ 779.92
CLTV 84.444
MATURITY 130528
FEE 0.5000
LOAN 0000022011423
LAST_NAME HARRIS
ADDRESS 15775 OAKFIELD
CITY DETROIT
STATE MI
ZIP 482270000
MORT $ 80,100.00
BAL $ 80,062.65
RATE 9.800
PAI $ 691.13
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000022011563
LAST_NAME SALMON
ADDRESS 436 15TH TERRACE N.W.
CITY BIRMINGHAM
STATE AL
ZIP 352150000
MORT $ 62,475.00
BAL $ 62,250.40
RATE 10.790
PAI $ 635.95
CLTV 85.000
MATURITY 180221
FEE 0.5000
LOAN 0000022011571
LAST_NAME MCCRAW
ADDRESS 91 GUY DRIVE
CITY LINCOLN
STATE AL
ZIP 350960000
MORT $ 14,555.00
BAL $ 14,369.09
RATE 11.640
PAI $ 233.69
CLTV 80.000
MATURITY 60221
FEE 0.5000
LOAN 0000022011647
LAST_NAME LASTER
ADDRESS 540 GAMMAGE ROAD
CITY EUFAULA
STATE AL
ZIP 360270000
MORT $ 34,400.00
BAL $ 34,095.38
RATE 10.150
PAI $ 372.83
CLTV 80.000
MATURITY 130225
FEE 0.5000
LOAN 0000022011712
LAST_NAME MARSH
ADDRESS 2556 REAV TEL COURT
CITY ST.LOUIS
STATE MO
ZIP 631250000
MORT $ 61,000.00
BAL $ 60,366.82
RATE 8.990
PAI $ 772.40
CLTV 63.541
MATURITY 80301
FEE 0.5000
LOAN 0000022011936
LAST_NAME LADAGE
ADDRESS 1215 MIREMONT DRIVE
CITY BALLWIN
STATE MO
ZIP 630110000
MORT $ 68,000.00
BAL $ 67,936.82
RATE 9.790
PAI $ 586.23
CLTV 51.127
MATURITY 130301
FEE 0.5000
LOAN 0000022011944
LAST_NAME RICHARDS
ADDRESS 3888 VINEYARD DRIVE
CITY REDWOOD CIT
STATE CA
ZIP 940610000
MORT $ 60,000.00
BAL $ 60,000.00
RATE 9.550
PAI $ 561.24
CLTV 74.899
MATURITY 180518
FEE 0.5000
LOAN 0000022011951
LAST_NAME COX
ADDRESS 9613 PLANTERSVILLE ROAD
CITY GEORGETOWN
STATE SC
ZIP 294400000
MORT $ 59,400.00
BAL $ 59,336.82
RATE 9.250
PAI $ 488.67
CLTV 90.000
MATURITY 280318
FEE 0.5000
LOAN 0000022012009
LAST_NAME CATUOGNO
ADDRESS 743 RATHBUN AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103120000
MORT $137,000.00
BAL $ 136,915.28
RATE 8.400
PAI $ 1,043.72
CLTV 42.812
MATURITY 280421
FEE 0.5000
LOAN 0000022012033
LAST_NAME BECKWITH
ADDRESS 7605 COPPERMINE LANE
CITY RALEIGH
STATE NC
ZIP 276150000
MORT $ 95,200.00
BAL $ 94,910.50
RATE 8.550
PAI $ 735.38
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000022012066
LAST_NAME LITTLETON
ADDRESS 3414 W BEAUMONT STREET
CITY WEST TAMPA
STATE FL
ZIP 336110000
MORT $ 96,050.00
BAL $ 95,804.94
RATE 9.400
PAI $ 800.64
CLTV 85.000
MATURITY 271222
FEE 0.5000
LOAN 0000022012157
LAST_NAME HABIB
ADDRESS 90 DARROW STREET
CITY QUINCY
STATE MA
ZIP 021690000
MORT $ 65,000.00
BAL $ 64,817.09
RATE 8.300
PAI $ 632.49
CLTV 53.278
MATURITY 130406
FEE 0.5000
LOAN 0000022012215
LAST_NAME RICKARD
ADDRESS 213 E 4TH STREET
CITY ALEXANDRIA
STATE IN
ZIP 460010000
MORT $ 36,000.00
BAL $ 35,793.06
RATE 8.100
PAI $ 346.12
CLTV 80.000
MATURITY 130318
FEE 0.5000
LOAN 0000022012256
LAST_NAME NEWBY
ADDRESS 5636 SHARON TERRACE
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $ 44,000.00
BAL $ 43,726.72
RATE 8.800
PAI $ 390.24
CLTV 78.571
MATURITY 171224
FEE 0.5000
LOAN 0000022012280
LAST_NAME MANRING
ADDRESS 46 W MAIN STREET
CITY SHAWNEE
STATE OH
ZIP 437820000
MORT $ 35,200.00
BAL $ 34,957.54
RATE 8.800
PAI $ 312.19
CLTV 80.000
MATURITY 171224
FEE 0.5000
LOAN 0000022012298
LAST_NAME KIMBERLING
ADDRESS 7538 S. COUNTY LINE ROAD
CITY HOBART
STATE IN
ZIP 463420000
MORT $ 25,000.00
BAL $ 24,870.81
RATE 9.000
PAI $ 316.69
CLTV 31.250
MATURITY 80330
FEE 0.5000
LOAN 0000022012314
LAST_NAME SQUAIR
ADDRESS 6160 OLIVE STREET
CITY COMMERCE CI
STATE CO
ZIP 800220000
MORT $ 88,000.00
BAL $ 87,805.18
RATE 8.990
PAI $ 707.43
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022012322
LAST_NAME OBENG
ADDRESS 1712 TIMBER LANE
CITY BELLEVUE
STATE NE
ZIP 680050000
MORT $207,000.00
BAL $ 206,913.20
RATE 10.250
PAI $ 1,854.93
CLTV 90.000
MATURITY 130323
FEE 0.5000
LOAN 0000022012330
LAST_NAME JONES
ADDRESS 1403 S EAST 1ST AVE
CITY GAINESVILLE
STATE FL
ZIP 326410000
MORT $ 37,000.00
BAL $ 36,870.11
RATE 8.750
PAI $ 291.08
CLTV 78.723
MATURITY 271212
FEE 0.5000
LOAN 0000022012355
LAST_NAME BRICHANT
ADDRESS 5872 WHITEGATE COURT
CITY MILFORD
STATE OH
ZIP 451500000
MORT $152,000.00
BAL $ 151,743.77
RATE 8.900
PAI $ 1,212.11
CLTV 80.000
MATURITY 130214
FEE 0.5000
LOAN 0000022012488
LAST_NAME ABRAHAM
ADDRESS 413 HOMESTEAD DRIVE
CITY UTICA
STATE NY
ZIP 135020000
MORT $ 51,200.00
BAL $ 51,200.00
RATE 8.650
PAI $ 399.14
CLTV 80.000
MATURITY 130501
FEE 0.5000
LOAN 0000022012504
LAST_NAME BREEDING
ADDRESS 511 JOSHUA DRIVE
CITY CRESTWOOD
STATE MO
ZIP 631260000
MORT $ 94,350.00
BAL $ 94,225.99
RATE 9.390
PAI $ 785.79
CLTV 85.000
MATURITY 130301
FEE 0.5000
LOAN 0000022012553
LAST_NAME JACKSON
ADDRESS 7829 PIPET AVE
CITY JACKSONVILL
STATE FL
ZIP 322190000
MORT $ 38,400.00
BAL $ 38,400.00
RATE 9.200
PAI $ 314.52
CLTV 80.000
MATURITY 130429
FEE 0.5000
LOAN 0000022012561
LAST_NAME BOLGER
ADDRESS 3309 W 126TH STREET
CITY CLEVELAND
STATE OH
ZIP 441110000
MORT $ 64,800.00
BAL $ 64,758.67
RATE 8.250
PAI $ 486.83
CLTV 80.000
MATURITY 130330
FEE 0.5000
LOAN 0000022012587
LAST_NAME COPELAND
ADDRESS 4615 MYERS PARK DRIVE
CITY DURHAM
STATE NC
ZIP 277050000
MORT $ 36,600.00
BAL $ 36,600.00
RATE 10.200
PAI $ 487.74
CLTV 84.967
MATURITY 80512
FEE 0.5000
LOAN 0000022012603
LAST_NAME JOHNSON
ADDRESS 446 LINDBERGH DRIVE
CITY LEXINGTON
STATE KY
ZIP 405080000
MORT $ 30,913.00
BAL $ 30,650.19
RATE 9.650
PAI $ 263.32
CLTV 84.693
MATURITY 271224
FEE 0.5000
LOAN 0000022012629
LAST_NAME JORDAN
ADDRESS 411 30TH STREET SOUTH
CITY ST. PETERSB
STATE FL
ZIP 337120000
MORT $ 45,000.00
BAL $ 44,908.80
RATE 10.490
PAI $ 411.30
CLTV 86.538
MATURITY 271217
FEE 0.5000
LOAN 0000022012645
LAST_NAME FRAZIER
ADDRESS 1307 ALABAMA STREET
CITY TALLAHASSEE
STATE FL
ZIP 323040000
MORT $ 42,400.00
BAL $ 42,001.61
RATE 8.550
PAI $ 327.52
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022012652
LAST_NAME EBERT
ADDRESS 2414 SUNDANCE DRIVE
CITY O'FALLON
STATE MO
ZIP 633660000
MORT $ 95,625.00
BAL $ 95,554.06
RATE 10.850
PAI $ 899.84
CLTV 85.000
MATURITY 130301
FEE 0.5000
LOAN 0000022012660
LAST_NAME SIMONDS
ADDRESS 60 SHADY LANE
CITY BRYSON CITY
STATE NC
ZIP 287130000
MORT $ 38,000.00
BAL $ 37,501.02
RATE 9.240
PAI $ 390.87
CLTV 76.767
MATURITY 121212
FEE 0.5000
LOAN 0000022012736
LAST_NAME ARNETT
ADDRESS 520 NORTH ROAD
CITY SUDBURY
STATE MA
ZIP 017760000
MORT $204,000.00
BAL $ 203,890.87
RATE 9.100
PAI $ 1,656.13
CLTV 85.000
MATURITY 280427
FEE 0.5000
LOAN 0000022012918
LAST_NAME CORNELIUS
ADDRESS 14 PINE WOOD LANE
CITY WESTFIELD
STATE MA
ZIP 010850000
MORT $ 64,500.00
BAL $ 64,462.11
RATE 8.650
PAI $ 502.83
CLTV 61.428
MATURITY 280413
FEE 0.5000
Page 24
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022012959
LAST_NAME BELL
ADDRESS 4169 WESTGATE PARKWAY
CITY DOTHAN
STATE AL
ZIP 363030000
MORT $ 60,000.00
BAL $ 59,800.94
RATE 11.400
PAI $ 635.73
CLTV 75.000
MATURITY 180226
FEE 0.5000
LOAN 0000022012975
LAST_NAME RUSSELL
ADDRESS 348 COMMERCIAL STREET
CITY WEYMOUTH
STATE MA
ZIP 021880000
MORT $ 84,000.00
BAL $ 83,854.24
RATE 7.850
PAI $ 694.79
CLTV 57.931
MATURITY 180406
FEE 0.5000
LOAN 0000022013049
LAST_NAME GENTRY
ADDRESS 15410 TRACEY
CITY DETROIT
STATE MI
ZIP 482270000
MORT $ 51,300.00
BAL $ 51,172.19
RATE 9.650
PAI $ 540.35
CLTV 90.000
MATURITY 130422
FEE 0.5000
LOAN 0000022013122
LAST_NAME LEE
ADDRESS 5909 BLAND AVENUE
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $ 85,500.00
BAL $ 85,463.37
RATE 10.150
PAI $ 759.82
CLTV 90.000
MATURITY 130406
FEE 0.5000
LOAN 0000022013205
LAST_NAME MURPHY
ADDRESS 1237 JOHN STREET
CITY EVANSVILLE
STATE IN
ZIP 477140000
MORT $ 25,925.00
BAL $ 25,909.13
RATE 8.450
PAI $ 198.43
CLTV 85.000
MATURITY 130330
FEE 0.5000
LOAN 0000022013262
LAST_NAME MCDOWELL
ADDRESS 60 POPLAR STREET
CITY CANTON
STATE NC
ZIP 287160000
MORT $ 20,000.00
BAL $ 20,000.00
RATE 9.450
PAI $ 419.55
CLTV 65.990
MATURITY 30526
FEE 0.5000
LOAN 0000022013270
LAST_NAME BOUGHNER
ADDRESS 2907 EATON PLACE
CITY FLINT
STATE MI
ZIP 485060000
MORT $ 47,200.00
BAL $ 47,171.69
RATE 8.550
PAI $ 364.61
CLTV 80.000
MATURITY 130410
FEE 0.5000
LOAN 0000022013346
LAST_NAME SUCHOSKI
ADDRESS 416 GLADSTONE RD
CITY LANGHORNE
STATE PA
ZIP 190470000
MORT $ 84,500.00
BAL $ 84,267.48
RATE 8.550
PAI $ 834.58
CLTV 38.409
MATURITY 130420
FEE 0.5000
LOAN 0000022013536
LAST_NAME FARRINGTON
ADDRESS 176-11 129TH AVENUE
CITY SPRINGFIELD
STATE NY
ZIP 114340000
MORT $ 40,000.00
BAL $ 40,000.00
RATE 8.250
PAI $ 340.83
CLTV 30.769
MATURITY 180512
FEE 0.5000
LOAN 0000022013593
LAST_NAME MARTINEZ
ADDRESS 2541 CHIMAYO DRIVE
CITY COLORADO SP
STATE CO
ZIP 809110000
MORT $ 46,000.00
BAL $ 45,444.95
RATE 8.250
PAI $ 446.26
CLTV 48.421
MATURITY 130223
FEE 0.5000
LOAN 0000022013627
LAST_NAME SIMS
ADDRESS 5041 FREDERICKSBURG AVENU
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $ 30,400.00
BAL $ 30,274.94
RATE 9.750
PAI $ 288.35
CLTV 52.413
MATURITY 180225
FEE 0.5000
LOAN 0000022013650
LAST_NAME HANKINSON
ADDRESS 5943 OLD TIMUQUANA ROAD
CITY JACKSONVILL
STATE FL
ZIP 322100000
MORT $ 25,000.00
BAL $ 24,800.13
RATE 8.990
PAI $ 253.42
CLTV 40.983
MATURITY 130223
FEE 0.5000
LOAN 0000022013676
LAST_NAME NUNNO
ADDRESS 2655 W. KEYS LANE
CITY ANAHEIM
STATE CA
ZIP 928040000
MORT $190,800.00
BAL $ 190,669.21
RATE 9.500
PAI $ 1,604.36
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000022013684
LAST_NAME DYSON
ADDRESS 83 DORRIS AVENUE
CITY BUFFALO
STATE NY
ZIP 142150000
MORT $ 22,450.00
BAL $ 22,154.12
RATE 11.990
PAI $ 321.96
CLTV 79.714
MATURITY 80223
FEE 0.5000
LOAN 0000022013692
LAST_NAME BRUNSON
ADDRESS 2339 W 8TH STREET
CITY ANDERSON
STATE IN
ZIP 460160000
MORT $ 31,400.00
BAL $ 31,143.80
RATE 8.990
PAI $ 318.29
CLTV 76.585
MATURITY 130218
FEE 0.5000
LOAN 0000022013718
LAST_NAME YOUNG
ADDRESS 83 PROSPECT STREET
CITY BABYLON
STATE NY
ZIP 117020000
MORT $ 70,500.00
BAL $ 70,200.57
RATE 9.500
PAI $ 657.15
CLTV 46.078
MATURITY 180217
FEE 0.5000
LOAN 0000022013742
LAST_NAME LEGG,
ADDRESS 4406 BUCYRUS AVENUE
CITY CLEVELAND
STATE OH
ZIP 441090000
MORT $ 65,000.00
BAL $ 64,963.74
RATE 8.900
PAI $ 518.34
CLTV 67.708
MATURITY 280416
FEE 0.5000
LOAN 0000022013767
LAST_NAME MODICA
ADDRESS 17 LORNA LANE
CITY MONSEY
STATE NY
ZIP 109520000
MORT $ 23,700.00
BAL $ 23,477.51
RATE 8.250
PAI $ 229.92
CLTV 11.850
MATURITY 130217
FEE 0.5000
LOAN 0000022013791
LAST_NAME THOMAS
ADDRESS 422 NEW YORK AVENUE
CITY BROOKLYN
STATE NY
ZIP 112250000
MORT $196,000.00
BAL $ 194,690.51
RATE 8.250
PAI $ 1,901.48
CLTV 80.000
MATURITY 130220
FEE 0.5000
LOAN 0000022013858
LAST_NAME RODRIGUEZ
ADDRESS 3757 E HOPI AVENUE
CITY MESA
STATE AZ
ZIP 852060000
MORT $ 10,500.00
BAL $ 10,500.00
RATE 9.550
PAI $ 109.97
CLTV 69.921
MATURITY 130518
FEE 0.5000
LOAN 0000022013890
LAST_NAME CARUCCI
ADDRESS 7 WILSON POND ROAD
CITY HARWINTON
STATE CT
ZIP 067910000
MORT $149,000.00
BAL $ 148,843.79
RATE 9.600
PAI $ 1,263.76
CLTV 74.874
MATURITY 280311
FEE 0.5000
LOAN 0000022013908
LAST_NAME SUMRALL
ADDRESS 4149 SHELTON
CITY PEARL
STATE MS
ZIP 392080000
MORT $ 48,400.00
BAL $ 48,013.05
RATE 8.990
PAI $ 490.62
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000022013924
LAST_NAME ALLAN
ADDRESS 1529 DIAL COURT
CITY SPRINGFIELD
STATE IL
ZIP 627040000
MORT $ 56,200.00
BAL $ 55,629.25
RATE 8.500
PAI $ 553.42
CLTV 64.597
MATURITY 130220
FEE 0.5000
LOAN 0000022013932
LAST_NAME THOMPSON
ADDRESS 3540 SOUTH BELMONT ROAD
CITY RICHMOND
STATE VA
ZIP 232340000
MORT $ 37,950.00
BAL $ 37,685.39
RATE 10.500
PAI $ 419.50
CLTV 65.234
MATURITY 130217
FEE 0.5000
LOAN 0000022013940
LAST_NAME JOPP
ADDRESS 1141 PARADISE DRIVE
CITY LADY LAKE
STATE FL
ZIP 321590000
MORT $ 69,400.00
BAL $ 69,065.58
RATE 8.500
PAI $ 602.27
CLTV 77.111
MATURITY 180218
FEE 0.5000
LOAN 0000022013957
LAST_NAME ZASTROW
ADDRESS 39 MILL STREET
CITY LOCKPORT
STATE NY
ZIP 140940000
MORT $ 25,000.00
BAL $ 24,900.28
RATE 9.990
PAI $ 241.09
CLTV 60.975
MATURITY 180219
FEE 0.5000
LOAN 0000022013981
LAST_NAME CERDA
ADDRESS 408 N WALNUT STREET
CITY FOUNTAIN
STATE CO
ZIP 808170000
MORT $ 37,500.00
BAL $ 36,913.95
RATE 8.990
PAI $ 474.83
CLTV 55.970
MATURITY 80217
FEE 0.5000
LOAN 0000022013999
LAST_NAME JEWELL
ADDRESS 99 RIVERVIEW DRIVE
CITY FISHKILL
STATE NY
ZIP 125240000
MORT $ 36,500.00
BAL $ 36,172.38
RATE 9.990
PAI $ 351.99
CLTV 78.254
MATURITY 180223
FEE 0.5000
LOAN 0000022014021
LAST_NAME BRINSON
ADDRESS 4764 WEST OLD SAVANNAH RO
CITY MILLEN
STATE GA
ZIP 304420000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 9.450
PAI $ 156.19
CLTV 70.910
MATURITY 130520
FEE 0.5000
LOAN 0000022014047
LAST_NAME TURBUSH
ADDRESS MAIN ROAD
CITY AQUEBOGUE
STATE NY
ZIP 119310000
MORT $ 85,000.00
BAL $ 84,614.85
RATE 8.990
PAI $ 764.22
CLTV 78.703
MATURITY 180217
FEE 0.5000
LOAN 0000022014062
LAST_NAME FAZZIO
ADDRESS 57-40 64TH STREET
CITY MASPETH
STATE NY
ZIP 113780000
MORT $157,300.00
BAL $ 156,565.37
RATE 8.750
PAI $ 1,390.08
CLTV 78.650
MATURITY 180224
FEE 0.5000
LOAN 0000022014088
LAST_NAME KYLE
ADDRESS 111 EAST HUME AVENUE
CITY ALEXANDRIA
STATE VA
ZIP 223010000
MORT $ 87,900.00
BAL $ 87,366.92
RATE 8.990
PAI $ 790.30
CLTV 70.320
MATURITY 180224
FEE 0.5000
LOAN 0000022014104
LAST_NAME MCCLOSKEY
ADDRESS 5140 E COUNTRY CLUB ROAD
CITY L0GANSPORT
STATE IN
ZIP 469470000
MORT $ 44,000.00
BAL $ 43,624.35
RATE 8.250
PAI $ 426.86
CLTV 72.131
MATURITY 130211
FEE 0.5000
LOAN 0000022014112
LAST_NAME PAYNE
ADDRESS 3900 WEST 800 SOUTH
CITY SOUTH WHITL
STATE IN
ZIP 467870000
MORT $ 39,500.00
BAL $ 39,342.45
RATE 9.990
PAI $ 380.92
CLTV 54.109
MATURITY 180218
FEE 0.5000
LOAN 0000022014138
LAST_NAME PARMETER
ADDRESS 223 HAMMON STREET
CITY LOGANSPORT
STATE IN
ZIP 469470000
MORT $ 28,500.00
BAL $ 28,262.00
RATE 8.500
PAI $ 280.65
CLTV 60.638
MATURITY 130220
FEE 0.5000
LOAN 0000022014203
LAST_NAME CIESZYNSKI
ADDRESS 135 ROLAND STREET
CITY CHEEKTOWAGA
STATE NY
ZIP 142120000
MORT $ 57,800.00
BAL $ 57,586.04
RATE 10.990
PAI $ 596.21
CLTV 85.000
MATURITY 180225
FEE 0.5000
LOAN 0000022014211
LAST_NAME FICK
ADDRESS 19 SPRING MEADOW DRIVE
CITY KINGS PARK
STATE NY
ZIP 117540000
MORT $ 50,300.00
BAL $ 50,123.83
RATE 10.990
PAI $ 518.85
CLTV 79.756
MATURITY 180219
FEE 0.5000
LOAN 0000022014237
LAST_NAME HAMMOND
ADDRESS 3412 S 3600 WEST
CITY WEST VALLEY
STATE UT
ZIP 841190000
MORT $ 81,150.00
BAL $ 80,736.55
RATE 10.990
PAI $ 837.07
CLTV 83.659
MATURITY 180219
FEE 0.5000
LOAN 0000022014245
LAST_NAME KOEHLER
ADDRESS 251 SOUTH BROADWAY
CITY LINDENHURST
STATE NY
ZIP 117570000
MORT $111,750.00
BAL $ 111,007.96
RATE 8.750
PAI $ 879.14
CLTV 74.500
MATURITY 280219
FEE 0.5000
LOAN 0000022014260
LAST_NAME BARFIELD
ADDRESS 44 ALLEN STREET
CITY IRVINGTON
STATE NJ
ZIP 071110000
MORT $ 39,000.00
BAL $ 37,507.47
RATE 10.990
PAI $ 537.00
CLTV 85.000
MATURITY 80223
FEE 0.5000
LOAN 0000022014302
LAST_NAME TESSMAN
ADDRESS 1080 KEWADIN ROAD
CITY WATERFORD
STATE MI
ZIP 483270000
MORT $ 45,000.00
BAL $ 44,370.46
RATE 8.350
PAI $ 439.19
CLTV 36.000
MATURITY 130413
FEE 0.5000
Page 25
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022014310
LAST_NAME LAMASTRA
ADDRESS 76 PRINCETON BOULEVARD
CITY TONAWANDA
STATE NY
ZIP 142170000
MORT $ 77,600.00
BAL $ 77,404.89
RATE 9.990
PAI $ 680.43
CLTV 84.808
MATURITY 280225
FEE 0.5000
LOAN 0000022014336
LAST_NAME CASSICK
ADDRESS 4032 LEMON AVENUE SE
CITY HIGHLAND CI
STATE FL
ZIP 338460000
MORT $ 25,400.00
BAL $ 24,350.14
RATE 8.990
PAI $ 321.62
CLTV 52.916
MATURITY 80220
FEE 0.5000
LOAN 0000022014351
LAST_NAME MAGNUSON
ADDRESS 22414 ARCADIA STREET
CITY SAINT CLAIR
STATE MI
ZIP 480820000
MORT $ 14,700.00
BAL $ 13,385.29
RATE 9.650
PAI $ 154.84
CLTV 62.002
MATURITY 130224
FEE 0.5000
LOAN 0000022014377
LAST_NAME BERRY
ADDRESS 6340 W 61ST AVENUE
CITY ARVADA
STATE CO
ZIP 800030000
MORT $ 90,000.00
BAL $ 89,489.49
RATE 8.250
PAI $ 873.13
CLTV 73.170
MATURITY 130223
FEE 0.5000
LOAN 0000022014385
LAST_NAME DIAMOND
ADDRESS 3822 MORELAND CIRCLE
CITY WEST JORDAN
STATE UT
ZIP 840840000
MORT $ 90,700.00
BAL $ 89,925.63
RATE 8.250
PAI $ 879.92
CLTV 74.958
MATURITY 130217
FEE 0.5000
LOAN 0000022014393
LAST_NAME LEWIS
ADDRESS 214 NORTH CHARLES STREET
CITY MISHAWAKA
STATE IN
ZIP 465440000
MORT $ 37,500.00
BAL $ 37,339.82
RATE 9.500
PAI $ 349.55
CLTV 75.000
MATURITY 180224
FEE 0.5000
LOAN 0000022014401
LAST_NAME JETMORE
ADDRESS 1801 WEST RIGGIN ROAD
CITY MUNCIE
STATE IN
ZIP 473040000
MORT $ 41,750.00
BAL $ 41,310.78
RATE 8.750
PAI $ 523.24
CLTV 73.245
MATURITY 80218
FEE 0.5000
LOAN 0000022014443
LAST_NAME STARKS
ADDRESS 1816 RENDALE DRIVE
CITY ORLANDO
STATE FL
ZIP 328050000
MORT $ 82,800.00
BAL $ 82,651.32
RATE 9.990
PAI $ 726.02
CLTV 90.000
MATURITY 280102
FEE 0.5000
LOAN 0000022014476
LAST_NAME WALTON
ADDRESS 34 LINCOLN COURT
CITY ROCKVILLE C
STATE NY
ZIP 115700000
MORT $ 33,000.00
BAL $ 32,780.07
RATE 10.990
PAI $ 374.87
CLTV 76.685
MATURITY 130126
FEE 0.5000
LOAN 0000022014492
LAST_NAME VARGAS
ADDRESS 1262 ADEE AVENUE
CITY BRONX
STATE NY
ZIP 104690000
MORT $105,800.00
BAL $ 104,916.48
RATE 8.500
PAI $ 1,041.85
CLTV 73.986
MATURITY 130223
FEE 0.5000
LOAN 0000022014526
LAST_NAME POLICASTRO
ADDRESS 680 PEPPERWOOD AVENUE
CITY DELTONA
STATE FL
ZIP 327250000
MORT $ 55,250.00
BAL $ 54,843.12
RATE 9.250
PAI $ 506.02
CLTV 83.712
MATURITY 171215
FEE 0.5000
LOAN 0000022014575
LAST_NAME MOSIER
ADDRESS 12 WEST NORTH STREET
CITY INDIANOLA
STATE IL
ZIP 618500000
MORT $ 19,900.00
BAL $ 19,483.76
RATE 8.990
PAI $ 251.98
CLTV 64.193
MATURITY 80202
FEE 0.5000
LOAN 0000022014583
LAST_NAME CORBETT
ADDRESS 1131 SW 7TH AVENUE
CITY DEERFIELD B
STATE FL
ZIP 334410000
MORT $ 15,000.00
BAL $ 14,924.01
RATE 9.350
PAI $ 192.87
CLTV 77.832
MATURITY 80401
FEE 0.5000
LOAN 0000022014591
LAST_NAME YEARWOOD
ADDRESS 490 CANOVAN
CITY MEDON
STATE TN
ZIP 383560000
MORT $ 26,250.00
BAL $ 25,877.23
RATE 9.350
PAI $ 271.74
CLTV 65.625
MATURITY 130101
FEE 0.5000
LOAN 0000022014641
LAST_NAME KLAICH
ADDRESS 3684 WABASH AVENUE
CITY HAMBURG
STATE NY
ZIP 142190000
MORT $ 70,200.00
BAL $ 70,022.70
RATE 9.500
PAI $ 733.05
CLTV 90.000
MATURITY 130415
FEE 0.5000
LOAN 0000022014690
LAST_NAME WILKERSON
ADDRESS 4721 NW 16TH STREET
CITY LAUDERHILL
STATE FL
ZIP 333130000
MORT $ 28,000.00
BAL $ 28,000.00
RATE 10.950
PAI $ 317.37
CLTV 73.606
MATURITY 130522
FEE 0.5000
LOAN 0000022014716
LAST_NAME COLEMAN
ADDRESS 408 JEFFERSON STREET NE
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $106,250.00
BAL $ 106,250.00
RATE 8.450
PAI $ 1,043.18
CLTV 85.000
MATURITY 130410
FEE 0.5000
LOAN 0000022014724
LAST_NAME JACKSON
ADDRESS 208 BAYOU RIDGE LANE
CITY TALLADEGA
STATE AL
ZIP 351600000
MORT $ 64,500.00
BAL $ 64,111.78
RATE 9.050
PAI $ 582.40
CLTV 81.645
MATURITY 180101
FEE 0.5000
LOAN 0000022014773
LAST_NAME WOODARD
ADDRESS 2612 WEGWORTH LANE
CITY BALTIMORE
STATE MD
ZIP 212300000
MORT $ 45,200.00
BAL $ 44,814.11
RATE 8.250
PAI $ 438.50
CLTV 72.903
MATURITY 130219
FEE 0.5000
LOAN 0000022014831
LAST_NAME JOHNSON
ADDRESS 360 VIEW RIDGE ROAD
CITY ONALASKA
STATE WA
ZIP 985700000
MORT $ 65,000.00
BAL $ 64,964.49
RATE 9.000
PAI $ 523.01
CLTV 63.106
MATURITY 280406
FEE 0.5000
LOAN 0000022014849
LAST_NAME PASCHAL
ADDRESS 2140 NW 94 ST
CITY MIAMI
STATE FL
ZIP 331470000
MORT $ 34,600.00
BAL $ 34,547.53
RATE 8.900
PAI $ 309.09
CLTV 69.200
MATURITY 180407
FEE 0.5000
LOAN 0000022014930
LAST_NAME CAPANO
ADDRESS 124 ROLLING MEADOWS
CITY MAYFIELD
STATE NY
ZIP 120780000
MORT $ 96,600.00
BAL $ 96,501.53
RATE 9.350
PAI $ 801.72
CLTV 79.933
MATURITY 280401
FEE 0.5000
LOAN 0000022014955
LAST_NAME FRENZEL
ADDRESS 10933 MUGAN DRIVE
CITY AFFTON
STATE MO
ZIP 631230000
MORT $112,500.00
BAL $ 112,452.31
RATE 10.200
PAI $ 1,003.94
CLTV 89.285
MATURITY 130401
FEE 0.5000
LOAN 0000022014963
LAST_NAME PARKER
ADDRESS 1037 SOUTH HAWKINS AVE.
CITY AKRON
STATE OH
ZIP 443200000
MORT $ 37,800.00
BAL $ 37,695.42
RATE 9.650
PAI $ 356.06
CLTV 87.906
MATURITY 180324
FEE 0.5000
LOAN 0000022015002
LAST_NAME HOUCHIN
ADDRESS 438 NORTH MAIN STREET
CITY POLK
STATE OH
ZIP 448660000
MORT $ 60,000.00
BAL $ 59,825.83
RATE 7.950
PAI $ 571.67
CLTV 80.000
MATURITY 130413
FEE 0.5000
LOAN 0000022015028
LAST_NAME STEWART
ADDRESS 236 INDEPENDENCE BOULEVAR
CITY LAWNSIDE
STATE NJ
ZIP 080450000
MORT $ 92,500.00
BAL $ 92,135.59
RATE 8.990
PAI $ 865.63
CLTV 75.203
MATURITY 160324
FEE 0.5000
LOAN 0000022015069
LAST_NAME BANTUM
ADDRESS 813 YORKTOWN ROAD
CITY PILESGROVE
STATE NJ
ZIP 080980000
MORT $ 41,400.00
BAL $ 41,303.32
RATE 8.600
PAI $ 321.27
CLTV 60.882
MATURITY 280325
FEE 0.5000
LOAN 0000022015101
LAST_NAME LANNEY
ADDRESS 4 LAKE SHORE DRIVE
CITY LEOMINSTER
STATE MA
ZIP 014530000
MORT $ 81,400.00
BAL $ 81,169.94
RATE 8.250
PAI $ 789.69
CLTV 65.120
MATURITY 130422
FEE 0.5000
LOAN 0000022015127
LAST_NAME CAMPBELL
ADDRESS 2103 SOUTH 9TH AVENUE
CITY MAYWOOD
STATE IL
ZIP 601530000
MORT $ 8,850.00
BAL $ 8,850.00
RATE 9.600
PAI $ 92.95
CLTV 79.890
MATURITY 130527
FEE 0.5000
LOAN 0000022015168
LAST_NAME WHITEHILL
ADDRESS 4452 S 45TH ST
CITY OMAHA
STATE NE
ZIP 681170000
MORT $ 69,275.00
BAL $ 69,204.05
RATE 11.750
PAI $ 699.27
CLTV 85.000
MATURITY 130325
FEE 0.5000
LOAN 0000022015176
LAST_NAME O'REILLEY
ADDRESS 1 HEATHER DRIVE
CITY CALN TOWNSH
STATE PA
ZIP 193720000
MORT $ 14,600.00
BAL $ 14,600.00
RATE 9.450
PAI $ 188.53
CLTV 79.953
MATURITY 80520
FEE 0.5000
LOAN 0000022015267
LAST_NAME GILBERT
ADDRESS 249 MIDWAY ROAD
CITY BARNESVILLE
STATE GA
ZIP 302040000
MORT $ 84,000.00
BAL $ 84,000.00
RATE 10.950
PAI $ 796.78
CLTV 74.336
MATURITY 280505
FEE 0.5000
LOAN 0000022015283
LAST_NAME HAZEN
ADDRESS 320 ELMINGTON AVENUE
CITY NASHVILLE
STATE TN
ZIP 372030000
MORT $176,000.00
BAL $ 175,912.51
RATE 9.450
PAI $ 1,473.49
CLTV 80.000
MATURITY 130415
FEE 0.5000
LOAN 0000022015309
LAST_NAME NEAL
ADDRESS 17237 FELIPE ROAD
CITY RAMONA
STATE CA
ZIP 920650000
MORT $ 27,500.00
BAL $ 27,500.00
RATE 9.500
PAI $ 287.17
CLTV 69.249
MATURITY 130519
FEE 0.5000
LOAN 0000022015325
LAST_NAME BRUNING
ADDRESS 428 CHEYENNE DRIVE
CITY WARETOWN
STATE NJ
ZIP 087580000
MORT $ 89,900.00
BAL $ 89,900.00
RATE 9.350
PAI $ 746.11
CLTV 74.979
MATURITY 280325
FEE 0.5000
LOAN 0000022015333
LAST_NAME CROMEENES
ADDRESS 170 TOWN STREET
CITY EAST HADDAM
STATE CT
ZIP 064230000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 8.250
PAI $ 338.08
CLTV 24.456
MATURITY 130506
FEE 0.5000
LOAN 0000022015366
LAST_NAME WALL
ADDRESS 716 7TH ST NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 79,000.00
BAL $ 78,860.71
RATE 8.700
PAI $ 618.67
CLTV 71.818
MATURITY 130225
FEE 0.5000
LOAN 0000022015416
LAST_NAME FARROW
ADDRESS 1728 L STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 60,000.00
BAL $ 59,927.78
RATE 8.550
PAI $ 463.48
CLTV 68.965
MATURITY 280224
FEE 0.5000
LOAN 0000022015424
LAST_NAME CORNELL
ADDRESS 255 E. MONTGOMERY AVENUE
CITY HATBORO
STATE PA
ZIP 190400000
MORT $135,000.00
BAL $ 134,936.34
RATE 9.700
PAI $ 1,154.91
CLTV 90.000
MATURITY 280414
FEE 0.5000
LOAN 0000022015457
LAST_NAME ELDRIDGE
ADDRESS 1720 MICHIGAN AVENUE N.E.
CITY WASHINGTON
STATE DC
ZIP 200170000
MORT $100,250.00
BAL $ 100,153.05
RATE 9.600
PAI $ 850.28
CLTV 61.128
MATURITY 130310
FEE 0.5000
LOAN 0000022015499
LAST_NAME GUNTHER
ADDRESS 1707 ROSEDALE STREET
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $ 44,000.00
BAL $ 43,941.12
RATE 10.000
PAI $ 386.13
CLTV 80.000
MATURITY 130220
FEE 0.5000
Page 26
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022015507
LAST_NAME FARMER
ADDRESS 6613 OLIVER STREET
CITY RIVERDALE
STATE MD
ZIP 207370000
MORT $110,250.00
BAL $ 110,166.62
RATE 10.750
PAI $ 1,029.16
CLTV 90.000
MATURITY 130302
FEE 0.5000
LOAN 0000022015564
LAST_NAME HENKEL
ADDRESS 1154 BLUE MOUNTAIN ROAD
CITY SAUGERTIES
STATE NY
ZIP 124770000
MORT $ 75,000.00
BAL $ 75,000.00
RATE 8.450
PAI $ 648.50
CLTV 77.319
MATURITY 180512
FEE 0.5000
LOAN 0000022015580
LAST_NAME YOUNG
ADDRESS 1466 SHERIDAN STREET N.W.
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $100,000.00
BAL $ 99,852.84
RATE 9.550
PAI $ 844.50
CLTV 71.428
MATURITY 130227
FEE 0.5000
LOAN 0000022015606
LAST_NAME BREWSTER
ADDRESS 1026 FELLSBRIDGE COURT
CITY STONE MOUNT
STATE GA
ZIP 300830000
MORT $102,000.00
BAL $ 101,703.93
RATE 7.950
PAI $ 744.89
CLTV 79.069
MATURITY 130330
FEE 0.5000
LOAN 0000022015622
LAST_NAME HICKMAN
ADDRESS 7520 E 75TH STREET
CITY KANSAS CITY
STATE MO
ZIP 641380000
MORT $ 49,000.00
BAL $ 48,733.65
RATE 8.100
PAI $ 597.10
CLTV 73.134
MATURITY 80410
FEE 0.5000
LOAN 0000022015630
LAST_NAME MINTER
ADDRESS 1209 DUNBAR OAKS DRIVE
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $ 72,000.00
BAL $ 71,716.86
RATE 10.100
PAI $ 699.59
CLTV 68.571
MATURITY 180223
FEE 0.5000
LOAN 0000022015648
LAST_NAME TUCKER
ADDRESS 204 RANDOLPH PLACE NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 88,000.00
BAL $ 87,846.70
RATE 8.750
PAI $ 692.30
CLTV 80.000
MATURITY 280219
FEE 0.5000
LOAN 0000022015705
LAST_NAME MANAHER
ADDRESS 446 DOVER DRIVE
CITY DES PLAINES
STATE IL
ZIP 600180000
MORT $ 11,000.00
BAL $ 11,000.00
RATE 9.450
PAI $ 230.76
CLTV 57.753
MATURITY 30522
FEE 0.5000
LOAN 0000022015739
LAST_NAME MCDOWELL
ADDRESS 619 NEWTON PLACE N.W.
CITY WASHINGTON
STATE DC
ZIP 200100000
MORT $ 78,200.00
BAL $ 78,050.90
RATE 8.300
PAI $ 590.24
CLTV 85.000
MATURITY 130223
FEE 0.5000
LOAN 0000022015754
LAST_NAME WEST
ADDRESS 12 WHITE SPRUCE LANE
CITY FALLS TOWNS
STATE PA
ZIP 190540000
MORT $ 17,500.00
BAL $ 17,500.00
RATE 10.200
PAI $ 233.21
CLTV 82.936
MATURITY 80511
FEE 0.5000
LOAN 0000022015812
LAST_NAME HUEBNER
ADDRESS 2225 SHAWNEE DR
CITY COLORADO SP
STATE CO
ZIP 809150000
MORT $ 58,500.00
BAL $ 58,355.58
RATE 9.750
PAI $ 619.73
CLTV 53.181
MATURITY 130401
FEE 0.5000
LOAN 0000022015820
LAST_NAME ADAMS
ADDRESS 200 MERRILY DR
CITY TROY
STATE AL
ZIP 360790000
MORT $ 55,573.00
BAL $ 55,425.07
RATE 9.950
PAI $ 534.45
CLTV 74.097
MATURITY 180304
FEE 0.5000
LOAN 0000022015853
LAST_NAME BRACKINS
ADDRESS 784 THIRD AVE
CITY DOTHAN
STATE AL
ZIP 363010000
MORT $ 48,575.00
BAL $ 47,817.29
RATE 10.150
PAI $ 473.60
CLTV 78.346
MATURITY 180302
FEE 0.5000
LOAN 0000022015879
LAST_NAME KING
ADDRESS 403 W. MANLIUS STREET
CITY EAST SYRACU
STATE NY
ZIP 130570000
MORT $ 45,000.00
BAL $ 44,973.02
RATE 8.550
PAI $ 347.61
CLTV 62.500
MATURITY 280430
FEE 0.5000
LOAN 0000022015895
LAST_NAME FORD
ADDRESS 1047 THIRD AVENUE
CITY DOTHAN
STATE AL
ZIP 363010000
MORT $ 44,100.00
BAL $ 44,058.71
RATE 11.650
PAI $ 441.77
CLTV 90.000
MATURITY 130227
FEE 0.5000
LOAN 0000022015911
LAST_NAME GRAY
ADDRESS 16905 ELDERBERRY DRIVE
CITY MONTEVERDE
STATE FL
ZIP 347560000
MORT $ 40,800.00
BAL $ 40,705.12
RATE 10.400
PAI $ 448.48
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000022015937
LAST_NAME WYZYKOWSKI
ADDRESS 948 KILLINGWORTH ROAD
CITY HIGGANUM
STATE CT
ZIP 064410000
MORT $153,000.00
BAL $ 152,698.26
RATE 9.990
PAI $ 1,475.47
CLTV 85.000
MATURITY 180309
FEE 0.5000
LOAN 0000022015978
LAST_NAME GIFFIN
ADDRESS 2108 WESLEY CHAPEL ROAD
CITY DECATUR
STATE GA
ZIP 300350000
MORT $ 47,850.00
BAL $ 47,318.80
RATE 7.950
PAI $ 455.90
CLTV 65.547
MATURITY 130302
FEE 0.5000
LOAN 0000022015994
LAST_NAME BOWLES
ADDRESS 813 WILDWOOD AVE
CITY MOBILE
STATE AL
ZIP 366090000
MORT $ 64,100.00
BAL $ 64,037.95
RATE 11.500
PAI $ 634.78
CLTV 74.104
MATURITY 130227
FEE 0.5000
LOAN 0000022016026
LAST_NAME NOLAN
ADDRESS 22014112
CITY DISTRICT HE
STATE MD
ZIP 207470000
MORT $105,200.00
BAL $ 104,873.66
RATE 8.750
PAI $ 929.66
CLTV 80.000
MATURITY 180227
FEE 0.5000
LOAN 0000022016067
LAST_NAME HAYWARD
ADDRESS 295 HUMBLE AVENUE
CITY CAIRO
STATE GA
ZIP 317280000
MORT $ 33,750.00
BAL $ 33,744.58
RATE 11.990
PAI $ 371.39
CLTV 90.000
MATURITY 180325
FEE 0.5000
LOAN 0000022016117
LAST_NAME KLEHM
ADDRESS 2547 STEIN STREET
CITY JACKSONVILL
STATE FL
ZIP 322160000
MORT $ 14,100.00
BAL $ 13,891.67
RATE 9.990
PAI $ 186.25
CLTV 79.583
MATURITY 80302
FEE 0.5000
LOAN 0000022016174
LAST_NAME BLACKMON
ADDRESS 2100 CEDAR CREST DRIVE
CITY BIRMINGHAM
STATE AL
ZIP 352140000
MORT $ 20,000.00
BAL $ 19,884.30
RATE 12.500
PAI $ 246.50
CLTV 81.387
MATURITY 130201
FEE 0.5000
LOAN 0000022016182
LAST_NAME EDWARDS
ADDRESS 1515 CRESTLINE ROAD
CITY SILVER SPRI
STATE MD
ZIP 209040000
MORT $122,000.00
BAL $ 121,537.78
RATE 8.550
PAI $ 942.41
CLTV 76.250
MATURITY 130413
FEE 0.5000
LOAN 0000022016224
LAST_NAME PYC
ADDRESS 109 MANN DRIVE
CITY SYRACUSE
STATE NY
ZIP 132090000
MORT $ 75,000.00
BAL $ 74,791.77
RATE 8.450
PAI $ 736.36
CLTV 60.975
MATURITY 130421
FEE 0.5000
LOAN 0000022016257
LAST_NAME VIERA
ADDRESS 152 GRAND BOULEVARD
CITY DEER PARK
STATE NY
ZIP 117290000
MORT $120,800.00
BAL $ 120,800.00
RATE 8.450
PAI $ 1,044.52
CLTV 80.000
MATURITY 180520
FEE 0.5000
LOAN 0000022016265
LAST_NAME KUTELLA
ADDRESS 3850 E PULASKI AVENUE
CITY CUDAHY
STATE WI
ZIP 531100000
MORT $ 70,200.00
BAL $ 70,137.50
RATE 9.990
PAI $ 615.54
CLTV 90.000
MATURITY 130310
FEE 0.5000
LOAN 0000022016281
LAST_NAME GRASSI
ADDRESS 690 NORBURY DRIVE
CITY HUDSON
STATE OH
ZIP 442360000
MORT $217,800.00
BAL $ 217,591.58
RATE 9.650
PAI $ 1,855.27
CLTV 90.000
MATURITY 130323
FEE 0.5000
LOAN 0000022016307
LAST_NAME HOLMES
ADDRESS 720 KIM STREET
CITY SULPHUR
STATE LA
ZIP 706630000
MORT $ 12,000.00
BAL $ 12,000.00
RATE 9.550
PAI $ 252.32
CLTV 79.645
MATURITY 30526
FEE 0.5000
LOAN 0000022016315
LAST_NAME RUTLEDGE
ADDRESS 6881 NW 14TH AVENUE
CITY OCALA
STATE FL
ZIP 344750000
MORT $ 28,000.00
BAL $ 27,765.93
RATE 8.490
PAI $ 275.56
CLTV 75.675
MATURITY 130202
FEE 0.5000
LOAN 0000022016380
LAST_NAME HENDERSON
ADDRESS 2501 NW DELAWARE AVE.
CITY ROANOKE
STATE VA
ZIP 240170000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 9.750
PAI $ 426.83
CLTV 64.285
MATURITY 180420
FEE 0.5000
LOAN 0000022016406
LAST_NAME TOTTEN
ADDRESS 1780 ENTERPRISE OSTEEN RD
CITY ENTERPRISE
STATE FL
ZIP 327250000
MORT $ 80,000.00
BAL $ 79,867.65
RATE 8.990
PAI $ 643.12
CLTV 77.669
MATURITY 280202
FEE 0.5000
LOAN 0000022016455
LAST_NAME RUSSELL
ADDRESS 8627 SOUTH INDIANA
CITY CHICAGO
STATE IL
ZIP 606190000
MORT $102,000.00
BAL $ 101,937.56
RATE 8.450
PAI $ 780.69
CLTV 75.000
MATURITY 280401
FEE 0.5000
LOAN 0000022016463
LAST_NAME SOWELL
ADDRESS 121 WHATLEY DRIVE
CITY GREENWOOD
STATE SC
ZIP 296490000
MORT $ 88,650.00
BAL $ 88,415.73
RATE 9.000
PAI $ 899.15
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000022016513
LAST_NAME KIRKLAND
ADDRESS 2 COESA DRIVE
CITY SARATOGA SP
STATE NY
ZIP 128660000
MORT $ 23,800.00
BAL $ 23,800.00
RATE 10.100
PAI $ 315.84
CLTV 65.013
MATURITY 80414
FEE 0.5000
LOAN 0000022016687
LAST_NAME MICHALSKI
ADDRESS 3846 E. 55TH STREET
CITY CLEVELAND
STATE OH
ZIP 441050000
MORT $ 47,700.00
BAL $ 47,661.09
RATE 10.400
PAI $ 432.77
CLTV 90.000
MATURITY 280407
FEE 0.5000
LOAN 0000022016745
LAST_NAME ODDO
ADDRESS 17 SE 9TH AVENUE
CITY DEERFIELD B
STATE FL
ZIP 334410000
MORT $ 33,700.00
BAL $ 33,370.35
RATE 9.990
PAI $ 361.94
CLTV 84.627
MATURITY 130120
FEE 0.5000
LOAN 0000022016778
LAST_NAME DIXON
ADDRESS 350 E PECAN STREET
CITY PONCHATOULA
STATE LA
ZIP 704540000
MORT $ 44,800.00
BAL $ 44,496.22
RATE 8.800
PAI $ 397.33
CLTV 78.596
MATURITY 180120
FEE 0.5000
LOAN 0000022016794
LAST_NAME CLEMENTS
ADDRESS 208 N BOULEVARD WEST
CITY DAVENPORT
STATE FL
ZIP 338370000
MORT $ 30,000.00
BAL $ 29,940.26
RATE 9.500
PAI $ 252.26
CLTV 41.666
MATURITY 280120
FEE 0.5000
LOAN 0000022016810
LAST_NAME DREW
ADDRESS 8515 ALTA VISTA DRIVE
CITY PENSACOLA
STATE FL
ZIP 325260000
MORT $ 25,800.00
BAL $ 25,454.87
RATE 9.990
PAI $ 277.09
CLTV 84.900
MATURITY 130117
FEE 0.5000
LOAN 0000022016851
LAST_NAME SIMO
ADDRESS 2394 DANIEL BRAY HIGHWAY
CITY KINGWOOD TO
STATE NJ
ZIP 085590000
MORT $ 21,600.00
BAL $ 21,600.00
RATE 10.500
PAI $ 238.77
CLTV 79.999
MATURITY 130528
FEE 0.5000
Page 27
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022016869
LAST_NAME COUEY
ADDRESS 8150 COUNTY ROAD 747
CITY CULLMAN
STATE AL
ZIP 350550000
MORT $ 72,900.00
BAL $ 72,811.39
RATE 10.450
PAI $ 664.12
CLTV 90.000
MATURITY 130227
FEE 0.5000
LOAN 0000022016968
LAST_NAME BASSIE
ADDRESS 318 WASHINGTON AVENUE
CITY DELRAY BEAC
STATE FL
ZIP 334440000
MORT $ 62,000.00
BAL $ 61,904.17
RATE 8.750
PAI $ 547.91
CLTV 73.809
MATURITY 180414
FEE 0.5000
LOAN 0000022017099
LAST_NAME SASSER
ADDRESS 41 LUCAS CREEK ROAD
CITY NEWPORT NEW
STATE VA
ZIP 236020000
MORT $ 67,800.00
BAL $ 67,617.57
RATE 8.800
PAI $ 679.63
CLTV 60.000
MATURITY 130427
FEE 0.5000
LOAN 0000022017115
LAST_NAME DEJESUS
ADDRESS 2309 VESTAL AVENUE
CITY FAYETTEVILL
STATE NC
ZIP 283010000
MORT $ 46,400.00
BAL $ 46,167.97
RATE 8.800
PAI $ 411.52
CLTV 80.000
MATURITY 180113
FEE 0.5000
LOAN 0000022017149
LAST_NAME MATHERLY
ADDRESS 7350 CLEVELAND STREET
CITY HOLLYWOOD
STATE FL
ZIP 330240000
MORT $ 20,000.00
BAL $ 19,587.42
RATE 9.240
PAI $ 255.96
CLTV 29.219
MATURITY 80114
FEE 0.5000
LOAN 0000022017198
LAST_NAME COURTOIS
ADDRESS 3675 W STATE STREET
CITY SPRINGFIELD
STATE MO
ZIP 658020000
MORT $ 64,600.00
BAL $ 64,537.39
RATE 9.590
PAI $ 547.44
CLTV 85.000
MATURITY 130310
FEE 0.5000
LOAN 0000022017248
LAST_NAME GETTEMY
ADDRESS 308 EICHER AVENUE
CITY GREENSBURG
STATE PA
ZIP 156010000
MORT $ 38,400.00
BAL $ 38,352.33
RATE 8.400
PAI $ 292.55
CLTV 78.367
MATURITY 130330
FEE 0.5000
LOAN 0000022017263
LAST_NAME STEVENSON
ADDRESS 2862 SEVILLE COURT
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $ 40,000.00
BAL $ 39,661.93
RATE 8.365
PAI $ 390.74
CLTV 78.431
MATURITY 130202
FEE 0.5000
LOAN 0000022017289
LAST_NAME SIMMS
ADDRESS 8815 ALLENTOWN ROAD
CITY FORT WASHIN
STATE MD
ZIP 207440000
MORT $132,600.00
BAL $ 132,441.72
RATE 8.590
PAI $ 1,028.05
CLTV 85.000
MATURITY 280302
FEE 0.5000
LOAN 0000022017313
LAST_NAME VIDYANLANKAR
ADDRESS 6977 NORTH ASHLAND AVENUE
CITY CHICAGO
STATE IL
ZIP 606260000
MORT $ 81,000.00
BAL $ 80,953.78
RATE 8.790
PAI $ 639.55
CLTV 90.000
MATURITY 130410
FEE 0.5000
LOAN 0000022017339
LAST_NAME PUGH
ADDRESS 101 EDISON DRIVE
CITY PENSACOLA
STATE FL
ZIP 325050000
MORT $ 48,000.00
BAL $ 47,581.46
RATE 8.300
PAI $ 410.50
CLTV 78.688
MATURITY 180127
FEE 0.5000
LOAN 0000022017354
LAST_NAME MILLER
ADDRESS 2031 N C STREET
CITY ELWOOD
STATE IN
ZIP 460360000
MORT $ 46,800.00
BAL $ 46,053.43
RATE 8.620
PAI $ 583.26
CLTV 80.000
MATURITY 80127
FEE 0.5000
LOAN 0000022017362
LAST_NAME FLOUD
ADDRESS 4044 EAST PERRY STREET
CITY INVERNESS
STATE FL
ZIP 344520000
MORT $ 41,600.00
BAL $ 41,525.72
RATE 8.620
PAI $ 323.41
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022017388
LAST_NAME HARVEY
ADDRESS 13243 LAKE BUTLER BLVD
CITY WINDERMERE
STATE FL
ZIP 347870000
MORT $ 97,500.00
BAL $ 97,387.41
RATE 8.750
PAI $ 767.03
CLTV 26.000
MATURITY 280301
FEE 0.5000
LOAN 0000022017396
LAST_NAME MOYER
ADDRESS 33268 RIDGE MANOR BOULEVA
CITY DADE CITY
STATE FL
ZIP 335230000
MORT $ 34,000.00
BAL $ 33,835.98
RATE 8.490
PAI $ 294.84
CLTV 46.575
MATURITY 180202
FEE 0.5000
LOAN 0000022017404
LAST_NAME MUNGUIA
ADDRESS 5858 PIERSON STREET
CITY ARVADA
STATE CO
ZIP 800040000
MORT $ 72,000.00
BAL $ 71,834.17
RATE 8.800
PAI $ 569.00
CLTV 51.798
MATURITY 271224
FEE 0.5000
LOAN 0000022017412
LAST_NAME BEAUMONT
ADDRESS 2514 OLD BAINBRIDGE ROAD
CITY TALLAHASSEE
STATE FL
ZIP 323030000
MORT $ 37,000.00
BAL $ 36,570.99
RATE 8.370
PAI $ 361.54
CLTV 46.835
MATURITY 130202
FEE 0.5000
LOAN 0000022017420
LAST_NAME SEYNDERS
ADDRESS 9392 141ST STREET NORTH
CITY SEMINOLE
STATE FL
ZIP 337760000
MORT $ 46,400.00
BAL $ 46,281.63
RATE 8.300
PAI $ 350.22
CLTV 52.727
MATURITY 280202
FEE 0.5000
LOAN 0000022017438
LAST_NAME HERMANN
ADDRESS 1820 DOHERTY ROAD
CITY COLORADO SP
STATE CO
ZIP 809160000
MORT $ 27,600.00
BAL $ 27,379.35
RATE 8.990
PAI $ 279.77
CLTV 77.708
MATURITY 130202
FEE 0.5000
LOAN 0000022017446
LAST_NAME MORASCH
ADDRESS 1210 SUNSHINE TREE BLVD
CITY LONGWOOD
STATE FL
ZIP 327790000
MORT $ 39,000.00
BAL $ 38,622.60
RATE 9.250
PAI $ 401.39
CLTV 80.000
MATURITY 130202
FEE 0.5000
LOAN 0000022017453
LAST_NAME STEPHENS
ADDRESS 421 NORFOLK STREET
CITY DUNEDIN
STATE FL
ZIP 346980000
MORT $ 54,000.00
BAL $ 53,385.87
RATE 8.300
PAI $ 525.45
CLTV 71.052
MATURITY 130202
FEE 0.5000
LOAN 0000022017479
LAST_NAME LOYD
ADDRESS 982 TEMPLERIDGE ROAD
CITY WAKE FOREST
STATE NC
ZIP 275870000
MORT $ 24,750.00
BAL $ 24,560.97
RATE 9.500
PAI $ 258.45
CLTV 83.954
MATURITY 130202
FEE 0.5000
LOAN 0000022017487
LAST_NAME HARRIS
ADDRESS 12914 E WHEELER RD
CITY DOVER
STATE FL
ZIP 335270000
MORT $ 47,000.00
BAL $ 46,570.68
RATE 10.740
PAI $ 526.55
CLTV 68.115
MATURITY 130202
FEE 0.5000
LOAN 0000022017495
LAST_NAME COLLINS
ADDRESS 2565 TERRACE AVENUE
CITY NAPLES
STATE FL
ZIP 341060000
MORT $ 45,000.00
BAL $ 44,927.54
RATE 10.500
PAI $ 411.63
CLTV 60.810
MATURITY 280202
FEE 0.5000
LOAN 0000022017503
LAST_NAME TEETS
ADDRESS 985 WOOD STREET
CITY CASSADAGA
STATE FL
ZIP 327060000
MORT $ 40,000.00
BAL $ 39,928.56
RATE 8.620
PAI $ 310.97
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022017511
LAST_NAME MCLEOD
ADDRESS 2427 NW 119TH AVE
CITY GAINESVILLE
STATE FL
ZIP 326090000
MORT $ 70,500.00
BAL $ 70,372.29
RATE 8.550
PAI $ 544.58
CLTV 79.661
MATURITY 280202
FEE 0.5000
LOAN 0000022017529
LAST_NAME HART
ADDRESS 205 LAKEVIEW AVENUE
CITY SANFORD
STATE FL
ZIP 327730000
MORT $ 41,000.00
BAL $ 40,943.51
RATE 9.990
PAI $ 359.50
CLTV 54.666
MATURITY 280127
FEE 0.5000
LOAN 0000022017545
LAST_NAME WOODALL
ADDRESS 9250 OCEAN CURVE DR
CITY MIAMI
STATE FL
ZIP 331890000
MORT $ 30,000.00
BAL $ 29,531.15
RATE 8.990
PAI $ 379.87
CLTV 65.347
MATURITY 80127
FEE 0.5000
LOAN 0000022017560
LAST_NAME MANZER
ADDRESS 6760 EVANS ST
CITY HOLLYWOOD
STATE FL
ZIP 330240000
MORT $ 23,000.00
BAL $ 22,544.99
RATE 9.990
PAI $ 303.82
CLTV 84.283
MATURITY 80127
FEE 0.5000
LOAN 0000022017578
LAST_NAME HENSON
ADDRESS 216 W GLENWALK
CITY LARKSPUR
STATE CO
ZIP 801180000
MORT $ 88,800.00
BAL $ 88,647.21
RATE 8.800
PAI $ 701.76
CLTV 80.000
MATURITY 280127
FEE 0.5000
LOAN 0000022017586
LAST_NAME ALBERT
ADDRESS 811 NE 26TH TERRACE
CITY GAINESVILLE
STATE FL
ZIP 326410000
MORT $ 47,000.00
BAL $ 45,732.43
RATE 8.490
PAI $ 582.48
CLTV 77.049
MATURITY 80127
FEE 0.5000
LOAN 0000022017594
LAST_NAME RAINEY
ADDRESS 1555 TAURUS CT
CITY ORANGE PARK
STATE FL
ZIP 320730000
MORT $ 91,000.00
BAL $ 90,779.40
RATE 8.550
PAI $ 702.94
CLTV 74.285
MATURITY 280128
FEE 0.5000
LOAN 0000022017610
LAST_NAME HARRISON
ADDRESS 1234 LARCH LANE
CITY FORT WAYNE
STATE IN
ZIP 468250000
MORT $ 52,000.00
BAL $ 51,425.05
RATE 8.620
PAI $ 515.73
CLTV 80.000
MATURITY 130205
FEE 0.5000
LOAN 0000022017628
LAST_NAME ADINOLFI
ADDRESS 6100 38TH AVENUE NORTH
CITY ST PETERSBU
STATE FL
ZIP 337100000
MORT $ 10,000.00
BAL $ 9,843.73
RATE 8.990
PAI $ 126.62
CLTV 37.498
MATURITY 80127
FEE 0.5000
LOAN 0000022017644
LAST_NAME CUNNINGHAM
ADDRESS 5632 SUSQUEHANNA DRIVE
CITY VIRGINIA BE
STATE VA
ZIP 234620000
MORT $ 80,100.00
BAL $ 80,058.48
RATE 9.250
PAI $ 658.96
CLTV 68.461
MATURITY 130401
FEE 0.5000
LOAN 0000022017651
LAST_NAME TEMPLETON
ADDRESS 135 SMITH TEMPLETON RD
CITY RINGGOLD
STATE GA
ZIP 307360000
MORT $ 44,800.00
BAL $ 44,637.62
RATE 8.600
PAI $ 347.65
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000022017677
LAST_NAME WELFORD
ADDRESS 463 SARRENTO AVENUE
CITY ODENTON
STATE MD
ZIP 211130000
MORT $ 84,000.00
BAL $ 83,853.65
RATE 8.740
PAI $ 660.23
CLTV 60.431
MATURITY 130223
FEE 0.5000
LOAN 0000022017719
LAST_NAME LOPES
ADDRESS 5011 CHRISTOPHER COURT
CITY LAKELAND
STATE FL
ZIP 338050000
MORT $ 79,000.00
BAL $ 78,856.90
RATE 8.550
PAI $ 610.24
CLTV 79.000
MATURITY 280126
FEE 0.5000
LOAN 0000022017743
LAST_NAME YOUNG
ADDRESS 6939 S. CRANDON
CITY CHICAGO
STATE IL
ZIP 606490000
MORT $ 46,500.00
BAL $ 46,471.54
RATE 8.450
PAI $ 355.90
CLTV 75.000
MATURITY 130422
FEE 0.5000
LOAN 0000022017750
LAST_NAME CHADWICK
ADDRESS 4525 SE 12 PLACE
CITY OCALA
STATE FL
ZIP 344710000
MORT $ 75,200.00
BAL $ 75,069.25
RATE 8.750
PAI $ 591.60
CLTV 79.157
MATURITY 280126
FEE 0.5000
LOAN 0000022017768
LAST_NAME MILLER
ADDRESS 1035 5TH STREET
CITY EATON
STATE CO
ZIP 806150000
MORT $ 88,000.00
BAL $ 87,862.09
RATE 9.250
PAI $ 723.95
CLTV 80.000
MATURITY 280202
FEE 0.5000
Page 28
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022017792
LAST_NAME KELLNER
ADDRESS 7115 SPRING HILL DRIVE
CITY SPRING HILL
STATE FL
ZIP 346060000
MORT $ 47,200.00
BAL $ 46,686.39
RATE 8.800
PAI $ 473.13
CLTV 80.000
MATURITY 130109
FEE 0.5000
LOAN 0000022017818
LAST_NAME JOHNSON
ADDRESS 4210 S JASMIN COURT
CITY WINSTON-SAL
STATE NC
ZIP 271050000
MORT $ 60,000.00
BAL $ 59,716.26
RATE 8.650
PAI $ 526.40
CLTV 80.000
MATURITY 180126
FEE 0.5000
LOAN 0000022017859
LAST_NAME KELTZ
ADDRESS 829 RANDOLPH STREET
CITY BEDFORD
STATE VA
ZIP 245230000
MORT $ 65,450.00
BAL $ 64,415.60
RATE 8.900
PAI $ 659.95
CLTV 85.000
MATURITY 130107
FEE 0.5000
LOAN 0000022017867
LAST_NAME BORROR
ADDRESS 3370 LANDOVER BOULEVARD
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $ 75,000.00
BAL $ 74,076.83
RATE 8.300
PAI $ 729.79
CLTV 78.947
MATURITY 130106
FEE 0.5000
LOAN 0000022017883
LAST_NAME MOBRIANT
ADDRESS 27 WALNUT STREET
CITY PLAINVILLE
STATE MA
ZIP 027620000
MORT $ 69,600.00
BAL $ 68,301.47
RATE 10.350
PAI $ 762.90
CLTV 60.521
MATURITY 130330
FEE 0.5000
LOAN 0000022017891
LAST_NAME MOORE
ADDRESS 1570 CHIPPENDALE ROAD
CITY CANTONMENT
STATE FL
ZIP 325330000
MORT $148,000.00
BAL $ 147,622.45
RATE 8.300
PAI $ 1,117.08
CLTV 80.000
MATURITY 280126
FEE 0.5000
LOAN 0000022017909
LAST_NAME HODGE
ADDRESS 32716 AZEALIA PLACE
CITY TAVARES
STATE FL
ZIP 327780000
MORT $ 27,600.00
BAL $ 27,428.57
RATE 8.800
PAI $ 244.79
CLTV 54.117
MATURITY 180105
FEE 0.5000
LOAN 0000022017925
LAST_NAME SKYLES
ADDRESS 5995 TERRACE DRIVE
CITY HOUSE SPRIN
STATE MO
ZIP 630510000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 9.450
PAI $ 193.69
CLTV 71.601
MATURITY 80515
FEE 0.5000
LOAN 0000022017966
LAST_NAME POWELL
ADDRESS 3741 SENECA GARDEN ROAD
CITY BALTIMORE
STATE MD
ZIP 212200000
MORT $142,500.00
BAL $ 142,043.27
RATE 8.490
PAI $ 1,235.75
CLTV 84.821
MATURITY 180309
FEE 0.5000
LOAN 0000022017990
LAST_NAME NANTZ
ADDRESS 124 TIMBERLAND LOOP
CITY MOORESVILLE
STATE NC
ZIP 281150000
MORT $ 85,000.00
BAL $ 84,817.96
RATE 9.150
PAI $ 693.12
CLTV 85.000
MATURITY 280128
FEE 0.5000
LOAN 0000022018014
LAST_NAME HAMPTON
ADDRESS 5096 VARTY LANE
CITY WINTER HAVE
STATE FL
ZIP 338440000
MORT $144,000.00
BAL $ 143,735.88
RATE 8.490
PAI $ 1,106.22
CLTV 79.558
MATURITY 280121
FEE 0.5000
LOAN 0000022018022
LAST_NAME COCKMAN
ADDRESS 1 CARLYNN COURT
CITY GREENSBORO
STATE NC
ZIP 274550000
MORT $ 31,600.00
BAL $ 31,470.01
RATE 9.750
PAI $ 299.73
CLTV 84.759
MATURITY 180126
FEE 0.5000
LOAN 0000022018030
LAST_NAME MCDONALD
ADDRESS 981 HIGHWAY 40 EAST
CITY INGLIS
STATE FL
ZIP 344490000
MORT $ 40,000.00
BAL $ 39,818.76
RATE 8.990
PAI $ 359.63
CLTV 79.431
MATURITY 180128
FEE 0.5000
LOAN 0000022018063
LAST_NAME LARKIN
ADDRESS 5530 W NORTHWEST BOULEVAR
CITY SPOKANE
STATE WA
ZIP 992050000
MORT $ 97,600.00
BAL $ 97,502.10
RATE 7.900
PAI $ 709.37
CLTV 80.000
MATURITY 130408
FEE 0.5000
LOAN 0000022018089
LAST_NAME CHEVALIER
ADDRESS 1509 S BAHAMA STREET
CITY AURORA
STATE CO
ZIP 800170000
MORT $ 92,000.00
BAL $ 91,835.54
RATE 8.615
PAI $ 714.91
CLTV 77.966
MATURITY 280126
FEE 0.5000
LOAN 0000022018097
LAST_NAME ALI-BAZZI
ADDRESS 6745 WOODMONT
CITY DETROIT
STATE MI
ZIP 482280000
MORT $ 67,500.00
BAL $ 67,449.37
RATE 10.790
PAI $ 632.14
CLTV 90.000
MATURITY 130302
FEE 0.5000
LOAN 0000022018147
LAST_NAME SHEETS
ADDRESS 654 SPRUCE ST
CITY MARION
STATE VA
ZIP 243540000
MORT $ 28,000.00
BAL $ 27,681.58
RATE 8.300
PAI $ 272.45
CLTV 77.777
MATURITY 130126
FEE 0.5000
LOAN 0000022018154
LAST_NAME BALLARD
ADDRESS 5034 EMERSON AVENUE SOUTH
CITY ST. PETERSB
STATE FL
ZIP 337070000
MORT $ 37,600.00
BAL $ 36,806.24
RATE 8.300
PAI $ 413.21
CLTV 80.000
MATURITY 100116
FEE 0.5000
LOAN 0000022018162
LAST_NAME GUTIERREZ
ADDRESS 670 42ND AVE NE
CITY ST PETERSBU
STATE FL
ZIP 337030000
MORT $ 19,441.00
BAL $ 19,311.45
RATE 10.990
PAI $ 220.84
CLTV 85.000
MATURITY 130121
FEE 0.5000
LOAN 0000022018188
LAST_NAME FISHER
ADDRESS 13232 NE 41 TERRACE
CITY ANTHONY
STATE FL
ZIP 326710000
MORT $ 14,000.00
BAL $ 13,758.39
RATE 10.490
PAI $ 188.83
CLTV 81.000
MATURITY 80202
FEE 0.5000
LOAN 0000022018196
LAST_NAME ZIEGLER
ADDRESS 1309 BLACK FRAIRS ROAD
CITY BALTIMORE
STATE MD
ZIP 212280000
MORT $ 85,300.00
BAL $ 84,784.95
RATE 7.540
PAI $ 792.69
CLTV 64.135
MATURITY 130309
FEE 0.5000
LOAN 0000022018204
LAST_NAME MICHAEL
ADDRESS 417 ALABAMA ST
CITY SAVANNAH
STATE TN
ZIP 383720000
MORT $ 56,000.00
BAL $ 55,363.12
RATE 8.300
PAI $ 544.91
CLTV 80.000
MATURITY 130114
FEE 0.5000
LOAN 0000022018220
LAST_NAME BARRIONUEVO
ADDRESS 5401 NW 57TH STREET
CITY TAMARAC
STATE FL
ZIP 333190000
MORT $107,100.00
BAL $ 106,937.33
RATE 9.400
PAI $ 892.75
CLTV 85.000
MATURITY 280202
FEE 0.5000
LOAN 0000022018238
LAST_NAME JONES
ADDRESS 82 W VILLA PLACE
CITY FORT THOMAS
STATE KY
ZIP 410750000
MORT $ 35,000.00
BAL $ 34,651.77
RATE 9.600
PAI $ 367.60
CLTV 33.333
MATURITY 130301
FEE 0.5000
LOAN 0000022018246
LAST_NAME DAY
ADDRESS 1714 SAMS CREEK ROAD
CITY WESTMINISTE
STATE MD
ZIP 211570000
MORT $132,000.00
BAL $ 131,520.29
RATE 7.790
PAI $ 949.32
CLTV 80.000
MATURITY 130228
FEE 0.5000
LOAN 0000022018279
LAST_NAME HETRICK
ADDRESS 7214 ALYCIA AVE
CITY RICHMOND
STATE VA
ZIP 232280000
MORT $ 20,000.00
BAL $ 19,581.70
RATE 8.990
PAI $ 253.24
CLTV 62.961
MATURITY 80113
FEE 0.5000
LOAN 0000022018295
LAST_NAME SAVOLDY
ADDRESS 6340 HARRISON STREET
CITY NEW PORT RI
STATE FL
ZIP 346530000
MORT $ 46,000.00
BAL $ 45,887.35
RATE 8.500
PAI $ 353.70
CLTV 79.310
MATURITY 280124
FEE 0.5000
LOAN 0000022018303
LAST_NAME BREWSTER
ADDRESS 9611 REX STREET
CITY HUDSON
STATE FL
ZIP 346690000
MORT $ 52,700.00
BAL $ 52,555.12
RATE 9.700
PAI $ 498.14
CLTV 85.000
MATURITY 180330
FEE 0.5000
LOAN 0000022018345
LAST_NAME SMITH
ADDRESS 101 CRICKET HOLLOW LANE
CITY EUSTICS
STATE FL
ZIP 327260000
MORT $ 55,600.00
BAL $ 55,458.16
RATE 8.300
PAI $ 419.66
CLTV 80.000
MATURITY 280128
FEE 0.5000
LOAN 0000022018352
LAST_NAME LUIS
ADDRESS 224 QUARRY STREET
CITY EAST PROVID
STATE RI
ZIP 029140000
MORT $ 27,500.00
BAL $ 27,350.80
RATE 8.750
PAI $ 274.85
CLTV 76.211
MATURITY 130325
FEE 0.5000
LOAN 0000022018386
LAST_NAME MELLER
ADDRESS 5276 LYNN ROAD
CITY GREENDALE
STATE WI
ZIP 531290000
MORT $ 44,600.00
BAL $ 44,130.53
RATE 8.740
PAI $ 558.72
CLTV 39.469
MATURITY 80309
FEE 0.5000
LOAN 0000022018394
LAST_NAME BURKEY
ADDRESS 109 CUTSHALL AVENUE
CITY GREENEVILLE
STATE TN
ZIP 377430000
MORT $ 16,458.00
BAL $ 16,281.90
RATE 8.990
PAI $ 166.83
CLTV 80.704
MATURITY 130202
FEE 0.5000
LOAN 0000022018469
LAST_NAME HORTON
ADDRESS 26646 CARLYSLE
CITY INKSTER
STATE MI
ZIP 481410000
MORT $ 30,000.00
BAL $ 29,543.99
RATE 9.500
PAI $ 388.19
CLTV 37.406
MATURITY 80201
FEE 0.5000
LOAN 0000022018485
LAST_NAME TURON
ADDRESS 223 CARLTON DRIVE
CITY NORTH SYRAC
STATE NY
ZIP 132120000
MORT $ 51,200.00
BAL $ 50,887.07
RATE 7.900
PAI $ 618.50
CLTV 80.000
MATURITY 80413
FEE 0.5000
LOAN 0000022018493
LAST_NAME SUTTON
ADDRESS 603 WHITTED COURT
CITY GOLDSBORO
STATE NC
ZIP 275300000
MORT $ 33,000.00
BAL $ 32,631.26
RATE 8.500
PAI $ 324.96
CLTV 51.162
MATURITY 130202
FEE 0.5000
LOAN 0000022018501
LAST_NAME BROWER
ADDRESS 22 GAINSBOROUGH DRIVE
CITY LEWIS
STATE DE
ZIP 199580000
MORT $ 20,000.00
BAL $ 19,949.25
RATE 9.450
PAI $ 208.25
CLTV 77.791
MATURITY 130305
FEE 0.5000
LOAN 0000022018519
LAST_NAME SMITH
ADDRESS 862 DOLPHIN AVE
CITY PORT CHARLO
STATE FL
ZIP 339520000
MORT $ 86,700.00
BAL $ 86,514.28
RATE 9.150
PAI $ 706.99
CLTV 85.000
MATURITY 280102
FEE 0.5000
LOAN 0000022018535
LAST_NAME MILLER
ADDRESS 3801 2ND AVENUE SOUTH
CITY SAINT PETER
STATE FL
ZIP 337110000
MORT $ 30,000.00
BAL $ 29,965.44
RATE 10.700
PAI $ 278.92
CLTV 54.545
MATURITY 130211
FEE 0.5000
LOAN 0000022018550
LAST_NAME HUTCHINSON
ADDRESS 5843 WEST AMALFI WAY
CITY DOUGLASVILL
STATE GA
ZIP 301350000
MORT $ 51,200.00
BAL $ 51,108.56
RATE 8.620
PAI $ 398.05
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022018584
LAST_NAME THUMMEL
ADDRESS 1957 SANTANA DRIVE
CITY CASTLE ROCK
STATE CO
ZIP 801040000
MORT $ 91,200.00
BAL $ 90,916.18
RATE 8.750
PAI $ 805.94
CLTV 80.000
MATURITY 180301
FEE 0.5000
LOAN 0000022018600
LAST_NAME LEIVA
ADDRESS 10861 SW 150 COURT
CITY MIAMI
STATE FL
ZIP 331960000
MORT $124,200.00
BAL $ 124,132.02
RATE 8.990
PAI $ 998.45
CLTV 90.000
MATURITY 280305
FEE 0.5000
Page 30
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022018634
LAST_NAME NEBLETT
ADDRESS 2106 BINFORD LN
CITY RICHMOND
STATE VA
ZIP 232230000
MORT $ 52,000.00
BAL $ 51,565.36
RATE 8.490
PAI $ 511.76
CLTV 72.222
MATURITY 130223
FEE 0.5000
LOAN 0000022018642
LAST_NAME WILLIAMS
ADDRESS 26 EVERGREEN ROAD
CITY NORTON
STATE MA
ZIP 027660000
MORT $ 96,800.00
BAL $ 96,749.29
RATE 9.200
PAI $ 792.84
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000022018667
LAST_NAME ROMANO
ADDRESS 2428 HENDRICKS
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $ 84,000.00
BAL $ 83,647.24
RATE 8.620
PAI $ 653.04
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022018717
LAST_NAME BORG
ADDRESS 8417 RAE DRIVE
CITY WESTLAND
STATE MI
ZIP 481850000
MORT $ 90,000.00
BAL $ 89,896.06
RATE 8.750
PAI $ 708.03
CLTV 72.000
MATURITY 280301
FEE 0.5000
LOAN 0000022018733
LAST_NAME PRINCE
ADDRESS 2203 DRY VALLEY RD
CITY CHARLESTON
STATE TN
ZIP 373100000
MORT $ 96,900.00
BAL $ 96,793.53
RATE 8.990
PAI $ 778.98
CLTV 85.000
MATURITY 280304
FEE 0.5000
LOAN 0000022018766
LAST_NAME HALT
ADDRESS 7524 REDCOAT AVENUE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $ 40,800.00
BAL $ 40,669.28
RATE 8.620
PAI $ 317.19
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022018774
LAST_NAME COOK
ADDRESS 3218 ROSALIE AVENUE
CITY BALTIMORE
STATE MD
ZIP 212340000
MORT $ 38,000.00
BAL $ 37,923.03
RATE 11.875
PAI $ 453.01
CLTV 46.913
MATURITY 130401
FEE 0.5000
LOAN 0000022018782
LAST_NAME ANDERSON
ADDRESS 219 CREEKSIDE LOOP
CITY ROSELAND
STATE VA
ZIP 229670000
MORT $ 88,320.00
BAL $ 87,883.68
RATE 8.300
PAI $ 755.32
CLTV 80.000
MATURITY 180202
FEE 0.5000
LOAN 0000022018808
LAST_NAME JONES
ADDRESS 28 MYRTLE AVENUE
CITY LAWRENCEVIL
STATE NJ
ZIP 086480000
MORT $ 25,000.00
BAL $ 24,937.99
RATE 9.700
PAI $ 264.09
CLTV 79.027
MATURITY 130330
FEE 0.5000
LOAN 0000022018899
LAST_NAME MENNS
ADDRESS 12 UNIVERSITY STREET
CITY COLONIE
STATE NY
ZIP 122050000
MORT $ 70,500.00
BAL $ 69,961.60
RATE 9.500
PAI $ 736.18
CLTV 67.788
MATURITY 130227
FEE 0.5000
LOAN 0000022018931
LAST_NAME VANSELOW
ADDRESS 2589 BERTHBROOK DR
CITY CINCINNATI
STATE OH
ZIP 452310000
MORT $ 75,650.00
BAL $ 75,609.53
RATE 9.100
PAI $ 614.15
CLTV 85.000
MATURITY 130404
FEE 0.5000
LOAN 0000022018949
LAST_NAME SHEALY
ADDRESS 721 5TH AVENUE NORTH
CITY SURFSIDE BE
STATE SC
ZIP 295750000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 9.400
PAI $ 193.28
CLTV 52.156
MATURITY 80519
FEE 0.5000
LOAN 0000022018998
LAST_NAME BARTOLOMEO
ADDRESS 20337 SWALLOW POINT DRIVE
CITY MONTGOMERY
STATE MD
ZIP 208790000
MORT $175,200.00
BAL $ 174,673.40
RATE 8.950
PAI $ 1,403.41
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000022019004
LAST_NAME ATCHESON
ADDRESS 895 BURT RD
CITY DALLAS
STATE GA
ZIP 301320000
MORT $172,000.00
BAL $ 171,862.70
RATE 10.500
PAI $ 1,573.35
CLTV 80.000
MATURITY 280304
FEE 0.5000
LOAN 0000022019020
LAST_NAME MARATHAKIS
ADDRESS 4025 FAIRFORD DRIVE
CITY NEW PORT RI
STATE FL
ZIP 346520000
MORT $ 17,590.00
BAL $ 16,974.36
RATE 8.800
PAI $ 281.22
CLTV 50.257
MATURITY 50122
FEE 0.5000
LOAN 0000022019046
LAST_NAME LEVALLE
ADDRESS 170-172 BUCKINGHAM ST
CITY SPRINGFIELD
STATE MA
ZIP 011090000
MORT $ 58,400.00
BAL $ 58,367.76
RATE 8.950
PAI $ 467.81
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000022019053
LAST_NAME LOVETT
ADDRESS 15 STOCKTON PLACE
CITY EAST ORANGE
STATE NJ
ZIP 070170000
MORT $ 91,200.00
BAL $ 91,118.96
RATE 10.000
PAI $ 800.35
CLTV 80.000
MATURITY 130304
FEE 0.5000
LOAN 0000022019079
LAST_NAME BOYSEN
ADDRESS 8707 CORY DRIVE
CITY DELTON
STATE MI
ZIP 490460000
MORT $ 99,000.00
BAL $ 98,944.21
RATE 8.850
PAI $ 785.92
CLTV 84.255
MATURITY 280401
FEE 0.5000
LOAN 0000022019087
LAST_NAME POWELL
ADDRESS 3612 BRIDGES DAIRY ROAD
CITY POLKVILLE
STATE NC
ZIP 281360000
MORT $ 33,500.00
BAL $ 33,139.23
RATE 9.200
PAI $ 428.00
CLTV 65.686
MATURITY 80304
FEE 0.5000
LOAN 0000022019095
LAST_NAME KANTER
ADDRESS 7322 FAIRFAX DRIVE
CITY TAMARAC
STATE FL
ZIP 333210000
MORT $ 30,750.00
BAL $ 30,684.46
RATE 7.750
PAI $ 220.30
CLTV 26.059
MATURITY 280201
FEE 0.5000
LOAN 0000022019111
LAST_NAME CARACCIOLO
ADDRESS 95 OAK STREET
CITY BEACHWOOD
STATE NJ
ZIP 087220000
MORT $ 80,000.00
BAL $ 79,792.48
RATE 10.150
PAI $ 779.99
CLTV 61.538
MATURITY 180304
FEE 0.5000
LOAN 0000022019129
LAST_NAME SHOVER
ADDRESS 2400 NEWBRIDGE ROAD
CITY BELLMORE
STATE NY
ZIP 117100000
MORT $ 83,000.00
BAL $ 82,916.27
RATE 9.400
PAI $ 691.87
CLTV 69.166
MATURITY 280302
FEE 0.5000
LOAN 0000022019137
LAST_NAME PEAKE
ADDRESS 121 BUSH DRIVE
CITY UNION
STATE SC
ZIP 293790000
MORT $ 37,400.00
BAL $ 37,145.17
RATE 10.750
PAI $ 419.23
CLTV 71.923
MATURITY 130301
FEE 0.5000
LOAN 0000022019152
LAST_NAME MCPHEE
ADDRESS 38708 CAMDEN AVENUE
CITY ZEPHYRHILLS
STATE FL
ZIP 335400000
MORT $ 18,000.00
BAL $ 17,841.54
RATE 8.350
PAI $ 283.71
CLTV 33.962
MATURITY 50304
FEE 0.5000
LOAN 0000022019178
LAST_NAME SKORONSKY
ADDRESS 763 BULL RUN
CITY EAGLE
STATE CO
ZIP 816310000
MORT $127,900.00
BAL $ 127,651.56
RATE 8.750
PAI $ 1,006.19
CLTV 65.255
MATURITY 280301
FEE 0.5000
LOAN 0000022019186
LAST_NAME GREEN
ADDRESS 5211 HOWARD VILLE ROAD
CITY APISON
STATE TN
ZIP 373020000
MORT $ 85,000.00
BAL $ 84,673.46
RATE 8.950
PAI $ 680.88
CLTV 79.439
MATURITY 121208
FEE 0.5000
LOAN 0000022019228
LAST_NAME HAZZARD
ADDRESS 3820 S FRUITLOOP CIRCLE
CITY KISSIMMEE
STATE FL
ZIP 347410000
MORT $ 44,800.00
BAL $ 44,395.64
RATE 10.990
PAI $ 508.91
CLTV 80.000
MATURITY 130202
FEE 0.5000
LOAN 0000022019236
LAST_NAME AMIRAULT
ADDRESS 47 MIRIMICHI STREET
CITY PLAINVILLE
STATE MA
ZIP 027620000
MORT $ 70,000.00
BAL $ 69,770.24
RATE 8.300
PAI $ 598.65
CLTV 49.122
MATURITY 180401
FEE 0.5000
LOAN 0000022019269
LAST_NAME KRANTZ
ADDRESS 6387 S KLINE STREET
CITY LITTLETON
STATE CO
ZIP 801270000
MORT $119,000.00
BAL $ 118,809.57
RATE 9.150
PAI $ 970.37
CLTV 85.000
MATURITY 280128
FEE 0.5000
LOAN 0000022019319
LAST_NAME INGRAM
ADDRESS 844 NORTH GERMAN TOWN ROA
CITY CHATTANOOGA
STATE TN
ZIP 374110000
MORT $ 51,200.00
BAL $ 50,914.68
RATE 8.450
PAI $ 502.69
CLTV 80.000
MATURITY 130304
FEE 0.5000
LOAN 0000022019335
LAST_NAME EDWARDS
ADDRESS 37334 OLD WAKEFIELD ROAD
CITY WAKEFIELD
STATE VA
ZIP 238880000
MORT $ 27,000.00
BAL $ 26,941.72
RATE 11.200
PAI $ 310.28
CLTV 35.294
MATURITY 130427
FEE 0.5000
LOAN 0000022019343
LAST_NAME PRODROMIDES
ADDRESS 229 DELTONA BLVD
CITY ST. AUGUSTI
STATE FL
ZIP 320860000
MORT $ 45,360.00
BAL $ 45,104.98
RATE 8.350
PAI $ 442.70
CLTV 60.480
MATURITY 130302
FEE 0.5000
LOAN 0000022019376
LAST_NAME ARONICA
ADDRESS 845 ESCAMBIA STREET
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $ 30,000.00
BAL $ 29,962.37
RATE 8.350
PAI $ 227.50
CLTV 60.000
MATURITY 130302
FEE 0.5000
LOAN 0000022019384
LAST_NAME HARRIS
ADDRESS 2408 NE 26TH AVENUE
CITY FORT LAUDER
STATE FL
ZIP 333050000
MORT $ 40,500.00
BAL $ 40,500.00
RATE 10.450
PAI $ 446.44
CLTV 79.153
MATURITY 130526
FEE 0.5000
LOAN 0000022019392
LAST_NAME MASON
ADDRESS 2844 CROSS COUNTRY DR
CITY GERMANTOWN
STATE TN
ZIP 381380000
MORT $ 20,000.00
BAL $ 19,840.96
RATE 9.200
PAI $ 205.24
CLTV 77.010
MATURITY 130220
FEE 0.5000
LOAN 0000022019418
LAST_NAME ILLISCAVITCH
ADDRESS 4817 PRESIDENTIAL STREET
CITY SEFFNER
STATE FL
ZIP 335840000
MORT $ 64,000.00
BAL $ 63,890.99
RATE 8.850
PAI $ 508.07
CLTV 80.000
MATURITY 130226
FEE 0.5000
LOAN 0000022019426
LAST_NAME ERVIN
ADDRESS 511 NORTH PARK DRIVE
CITY PERTH AMBOY
STATE NJ
ZIP 088610000
MORT $102,000.00
BAL $ 101,679.61
RATE 10.700
PAI $ 948.32
CLTV 85.000
MATURITY 280401
FEE 0.5000
LOAN 0000022019459
LAST_NAME FLANAGAN
ADDRESS 6290 SOUTH WOODWIND POINT
CITY FLORAL CITY
STATE FL
ZIP 344360000
MORT $ 30,500.00
BAL $ 30,011.04
RATE 10.490
PAI $ 411.38
CLTV 76.250
MATURITY 80203
FEE 0.5000
LOAN 0000022019467
LAST_NAME ROMANO
ADDRESS 2914 CARAMBOLA CIRCLE
CITY COCONUT CRE
STATE FL
ZIP 330660000
MORT $ 72,000.00
BAL $ 71,849.64
RATE 10.350
PAI $ 650.56
CLTV 80.000
MATURITY 271121
FEE 0.5000
LOAN 0000022019475
LAST_NAME CAPOBIANCO
ADDRESS 9 MORSE LANE
CITY TOWN OF HPK
STATE MA
ZIP 017480000
MORT $264,800.00
BAL $ 264,387.40
RATE 8.100
PAI $ 1,961.50
CLTV 80.000
MATURITY 280420
FEE 0.5000
LOAN 0000022019491
LAST_NAME CAMPBELL
ADDRESS 5031 ALVERIDGE DRIVE
CITY CINCINNATI
STATE OH
ZIP 452380000
MORT $ 91,200.00
BAL $ 90,946.48
RATE 8.620
PAI $ 709.02
CLTV 80.000
MATURITY 280202
FEE 0.5000
Page 30
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022019541
LAST_NAME BRAILSFORD-P
ADDRESS 23 SAGEMAN STREET
CITY MT. VERNON
STATE NY
ZIP 105500000
MORT $176,350.00
BAL $ 175,998.88
RATE 9.500
PAI $ 1,482.85
CLTV 85.028
MATURITY 280101
FEE 0.5000
LOAN 0000022019558
LAST_NAME JUSKO
ADDRESS 51 I STREET
CITY HAVERHILL
STATE MA
ZIP 018350000
MORT $ 81,000.00
BAL $ 80,944.25
RATE 7.900
PAI $ 588.71
CLTV 67.500
MATURITY 280423
FEE 0.5000
LOAN 0000022019574
LAST_NAME PEETE
ADDRESS 1163 W. CERRO GORDO STREE
CITY DECATUR
STATE IL
ZIP 625220000
MORT $ 34,200.00
BAL $ 34,200.00
RATE 9.550
PAI $ 358.16
CLTV 90.000
MATURITY 130505
FEE 0.5000
LOAN 0000022019590
LAST_NAME HAWKINS
ADDRESS 1105 W. 93RD STREET
CITY CHICAGO
STATE IL
ZIP 606200000
MORT $ 88,500.00
BAL $ 87,964.62
RATE 7.550
PAI $ 892.19
CLTV 79.729
MATURITY 110427
FEE 0.5000
LOAN 0000022019608
LAST_NAME SHREM
ADDRESS 15 POST DRIVE
CITY ROSLYN HARB
STATE NY
ZIP 115760000
MORT $375,000.00
BAL $ 374,406.12
RATE 9.200
PAI $ 3,071.45
CLTV 68.807
MATURITY 130301
FEE 0.5000
LOAN 0000022019616
LAST_NAME SWENSON
ADDRESS 440 CREEKSIDE CIRCLE #D
CITY MURRAY
STATE UT
ZIP 841070000
MORT $ 52,700.00
BAL $ 52,432.74
RATE 9.500
PAI $ 550.31
CLTV 64.742
MATURITY 130330
FEE 0.5000
LOAN 0000022019624
LAST_NAME YASPARRO
ADDRESS 69-38 230TH STREET
CITY BAYSIDE
STATE NY
ZIP 113640000
MORT $ 38,500.00
BAL $ 38,465.72
RATE 9.990
PAI $ 337.58
CLTV 20.157
MATURITY 280301
FEE 0.5000
LOAN 0000022019665
LAST_NAME GRAVLEY
ADDRESS 25 LONG FOREST DRIVE
CITY GREENVILLE
STATE SC
ZIP 296170000
MORT $ 62,400.00
BAL $ 62,374.11
RATE 10.300
PAI $ 561.49
CLTV 80.000
MATURITY 130501
FEE 0.5000
LOAN 0000022019681
LAST_NAME TESTERMAN
ADDRESS 516 KERNODLE DRIVE
CITY GRAHAM
STATE NC
ZIP 272530000
MORT $ 60,000.00
BAL $ 59,932.11
RATE 8.850
PAI $ 476.32
CLTV 80.000
MATURITY 130330
FEE 0.5000
LOAN 0000022019723
LAST_NAME EVANS
ADDRESS 316 POTTERSVILLE-OLMSTED
CITY POTTERSVILL
STATE NY
ZIP 126800000
MORT $ 60,350.00
BAL $ 60,242.14
RATE 9.800
PAI $ 520.72
CLTV 85.000
MATURITY 130413
FEE 0.5000
LOAN 0000022019731
LAST_NAME VANMETER
ADDRESS 12292 FARR ROAD
CITY RAVENNA
STATE MI
ZIP 494510000
MORT $102,600.00
BAL $ 102,549.53
RATE 9.500
PAI $ 862.72
CLTV 90.000
MATURITY 130427
FEE 0.5000
LOAN 0000022019756
LAST_NAME HUNT
ADDRESS 2359 LUCK STONE ROAD
CITY BURLINGTON
STATE NC
ZIP 272170000
MORT $ 62,730.00
BAL $ 62,666.05
RATE 9.350
PAI $ 520.62
CLTV 90.000
MATURITY 130325
FEE 0.5000
LOAN 0000022019764
LAST_NAME MCKENZIE
ADDRESS 3793 MCCLINTOCKSBURG ROAD
CITY DIAMOND
STATE OH
ZIP 444120000
MORT $ 55,200.00
BAL $ 55,042.51
RATE 10.500
PAI $ 610.19
CLTV 61.333
MATURITY 130221
FEE 0.5000
LOAN 0000022019780
LAST_NAME TYNDALL
ADDRESS 1 BRELSFORD ROAD
CITY CHATTANOOGA
STATE TN
ZIP 374050000
MORT $112,000.00
BAL $ 111,814.68
RATE 8.990
PAI $ 900.38
CLTV 80.000
MATURITY 130128
FEE 0.5000
LOAN 0000022019798
LAST_NAME PUJOL
ADDRESS 14241 SW 83 STREET
CITY MIAMI
STATE FL
ZIP 331830000
MORT $ 41,000.00
BAL $ 41,000.00
RATE 12.150
PAI $ 496.03
CLTV 76.824
MATURITY 130501
FEE 0.5000
LOAN 0000022019848
LAST_NAME IVORY
ADDRESS 2643 PINEKNOLL DRIVE
CITY TALLAHASSEE
STATE FL
ZIP 323100000
MORT $ 45,000.00
BAL $ 44,943.00
RATE 10.300
PAI $ 443.25
CLTV 90.000
MATURITY 180401
FEE 0.5000
LOAN 0000022019863
LAST_NAME AHLERS
ADDRESS 120 S EATON STREET
CITY BALTIMORE
STATE MD
ZIP 212240000
MORT $ 20,000.00
BAL $ 19,791.33
RATE 8.900
PAI $ 252.28
CLTV 40.816
MATURITY 80303
FEE 0.5000
LOAN 0000022019889
LAST_NAME JONES
ADDRESS 814 N BENTALOU STREET
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $ 49,200.00
BAL $ 49,148.24
RATE 9.200
PAI $ 402.98
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000022019905
LAST_NAME PRAWL
ADDRESS 504 FYLER ROAD
CITY KIRKVILLE
STATE NY
ZIP 130820000
MORT $ 51,500.00
BAL $ 51,345.00
RATE 8.990
PAI $ 463.03
CLTV 76.865
MATURITY 180304
FEE 0.5000
LOAN 0000022019921
LAST_NAME LEHMAN
ADDRESS 1336 OTIS PLACE NW.
CITY WASHINGTON
STATE DC
ZIP 200100000
MORT $107,200.00
BAL $ 107,055.66
RATE 8.000
PAI $ 786.60
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000022019947
LAST_NAME BURKE
ADDRESS 5784 COLD HARBOR ROAD
CITY MECHANICSVI
STATE VA
ZIP 231110000
MORT $ 96,000.00
BAL $ 95,894.51
RATE 8.990
PAI $ 771.75
CLTV 80.000
MATURITY 280304
FEE 0.5000
LOAN 0000022019962
LAST_NAME DAVIS
ADDRESS 7238 S 65TH DRIVE
CITY LAVEEN
STATE AZ
ZIP 853390000
MORT $123,000.00
BAL $ 123,000.00
RATE 8.400
PAI $ 1,059.66
CLTV 77.358
MATURITY 180512
FEE 0.5000
LOAN 0000022019970
LAST_NAME HOLT
ADDRESS 5334 POWHATAN AVENUE
CITY NORFOLK
STATE VA
ZIP 235080000
MORT $187,000.00
BAL $ 186,907.05
RATE 9.450
PAI $ 1,565.58
CLTV 85.000
MATURITY 130410
FEE 0.5000
LOAN 0000022019988
LAST_NAME SLAUGHTER
ADDRESS 5241 KARL PLACE NE.
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $ 52,000.00
BAL $ 51,936.11
RATE 8.450
PAI $ 398.00
CLTV 64.197
MATURITY 280303
FEE 0.5000
LOAN 0000022020028
LAST_NAME SNYDER
ADDRESS 43 STABILIZER DRIVE
CITY BALTIMORE
STATE MD
ZIP 212200000
MORT $ 35,000.00
BAL $ 34,946.84
RATE 9.400
PAI $ 291.75
CLTV 38.888
MATURITY 280224
FEE 0.5000
LOAN 0000022020036
LAST_NAME ROGERS
ADDRESS 1464 OGDEN STREET NW
CITY WASHINGTON
STATE DC
ZIP 200100000
MORT $115,000.00
BAL $ 114,837.73
RATE 9.750
PAI $ 988.03
CLTV 79.310
MATURITY 280224
FEE 0.5000
LOAN 0000022020077
LAST_NAME SOMERS
ADDRESS 1808 LENNOX ROAD EAST
CITY PALM HARBOR
STATE FL
ZIP 346830000
MORT $ 30,000.00
BAL $ 29,985.08
RATE 9.450
PAI $ 251.17
CLTV 60.000
MATURITY 130302
FEE 0.5000
LOAN 0000022020085
LAST_NAME TAYLOR
ADDRESS 108 WAYSIDE ROAD
CITY TINTON FALL
STATE NJ
ZIP 077240000
MORT $ 87,000.00
BAL $ 86,947.30
RATE 8.500
PAI $ 668.95
CLTV 67.968
MATURITY 280408
FEE 0.5000
LOAN 0000022020101
LAST_NAME ALLISON
ADDRESS 1184 HARVARD ROAD
CITY WALDORF
STATE MD
ZIP 206020000
MORT $ 66,500.00
BAL $ 66,423.20
RATE 8.750
PAI $ 523.16
CLTV 51.550
MATURITY 280306
FEE 0.5000
LOAN 0000022020135
LAST_NAME WEST
ADDRESS 2710 W FAIRMOUNT AVENUE
CITY BALTIMORE
STATE MD
ZIP 212230000
MORT $ 40,000.00
BAL $ 39,955.21
RATE 8.900
PAI $ 318.98
CLTV 80.000
MATURITY 130307
FEE 0.5000
LOAN 0000022020143
LAST_NAME LEWANDOWSKI
ADDRESS 506 N MARLIN CIRCLE
CITY BAREFOOT BA
STATE FL
ZIP 329760000
MORT $ 51,200.00
BAL $ 50,861.25
RATE 9.550
PAI $ 478.93
CLTV 80.000
MATURITY 180201
FEE 0.5000
LOAN 0000022020150
LAST_NAME WOZNIAK
ADDRESS 1721 STOKESLEY ROAD
CITY BALTIMORE
STATE MD
ZIP 212220000
MORT $ 74,000.00
BAL $ 73,905.30
RATE 8.250
PAI $ 555.94
CLTV 80.000
MATURITY 280303
FEE 0.5000
LOAN 0000022020176
LAST_NAME MARKUS
ADDRESS 484 HARVEST OAK CT
CITY LAKE MARY
STATE FL
ZIP 327460000
MORT $ 97,200.00
BAL $ 96,771.30
RATE 10.450
PAI $ 885.50
CLTV 90.000
MATURITY 280201
FEE 0.5000
LOAN 0000022020200
LAST_NAME HARGROVE
ADDRESS 99 BROOKPARK DRIVE
CITY AMHERST
STATE NY
ZIP 142280000
MORT $ 76,000.00
BAL $ 74,762.55
RATE 8.250
PAI $ 932.16
CLTV 62.040
MATURITY 80226
FEE 0.5000
LOAN 0000022020218
LAST_NAME HOWELL
ADDRESS 174 PAGE ST NW
CITY MASSILLON
STATE OH
ZIP 446470000
MORT $ 64,000.00
BAL $ 63,474.93
RATE 8.700
PAI $ 637.76
CLTV 80.000
MATURITY 130219
FEE 0.5000
LOAN 0000022020226
LAST_NAME ULMER
ADDRESS 15 BROWNFIELD LOOP
CITY ELKTON
STATE MD
ZIP 219210000
MORT $ 92,000.00
BAL $ 91,875.86
RATE 7.990
PAI $ 674.43
CLTV 76.666
MATURITY 280304
FEE 0.5000
LOAN 0000022020234
LAST_NAME PENTON
ADDRESS 5229 MORGAN RIDGE DRIVE
CITY MILTON
STATE FL
ZIP 325700000
MORT $ 23,500.00
BAL $ 23,256.00
RATE 8.990
PAI $ 211.28
CLTV 78.054
MATURITY 180202
FEE 0.5000
LOAN 0000022020283
LAST_NAME DEMSKI
ADDRESS 82 AVALON AVENUE
CITY BALTIMORE
STATE MD
ZIP 210220000
MORT $ 20,500.00
BAL $ 19,905.12
RATE 11.990
PAI $ 225.58
CLTV 78.144
MATURITY 180225
FEE 0.5000
LOAN 0000022020325
LAST_NAME SADULA
ADDRESS 21017 COG WHEEL WAY
CITY GERMANTOWN
STATE MD
ZIP 208760000
MORT $342,000.00
BAL $ 341,236.42
RATE 8.950
PAI $ 2,739.52
CLTV 76.000
MATURITY 130227
FEE 0.5000
LOAN 0000022020341
LAST_NAME VICK
ADDRESS 16870 AKINS DRIVE
CITY SPRING HILL
STATE FL
ZIP 346100000
MORT $ 46,750.00
BAL $ 46,691.17
RATE 10.350
PAI $ 462.05
CLTV 85.000
MATURITY 180414
FEE 0.5000
LOAN 0000022020366
LAST_NAME FEENEY
ADDRESS 7147 FORREST HILLS ROAD
CITY WEST HILLS
STATE CA
ZIP 913400000
MORT $ 23,700.00
BAL $ 23,700.00
RATE 9.550
PAI $ 248.20
CLTV 77.232
MATURITY 130513
FEE 0.5000
Page 31
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022020457
LAST_NAME SOWERS
ADDRESS 5892 ASHBROOK CIRCLE
CITY ARCHDALE
STATE NC
ZIP 272630000
MORT $ 53,650.00
BAL $ 53,287.78
RATE 10.850
PAI $ 604.74
CLTV 79.976
MATURITY 130304
FEE 0.5000
LOAN 0000022020499
LAST_NAME SLUSS
ADDRESS 131 GROVE STREET
CITY BLUEFIELD
STATE VA
ZIP 246050000
MORT $ 16,800.00
BAL $ 16,632.94
RATE 9.750
PAI $ 219.69
CLTV 67.200
MATURITY 80306
FEE 0.5000
LOAN 0000022020515
LAST_NAME KEBHART
ADDRESS 7602 LYNES COURT
CITY SAVANNAH
STATE GA
ZIP 314060000
MORT $ 90,100.00
BAL $ 89,741.78
RATE 8.650
PAI $ 1,007.69
CLTV 85.000
MATURITY 100408
FEE 0.5000
LOAN 0000022020523
LAST_NAME WHITE, .
ADDRESS 5663 TROTTER COUNTRY ROAD
CITY ARCH DALE
STATE NC
ZIP 272630000
MORT $ 35,000.00
BAL $ 34,763.69
RATE 10.850
PAI $ 394.52
CLTV 76.520
MATURITY 130303
FEE 0.5000
LOAN 0000022020556
LAST_NAME NUENTHEL
ADDRESS 5693 SOUTH 2300 WEST
CITY ROY
STATE UT
ZIP 840670000
MORT $ 57,400.00
BAL $ 56,465.40
RATE 8.250
PAI $ 704.03
CLTV 48.438
MATURITY 80226
FEE 0.5000
LOAN 0000022020564
LAST_NAME BERRISFORD
ADDRESS 4739 LAZY H LANE
CITY CHRISTMAS
STATE FL
ZIP 327090000
MORT $ 53,250.00
BAL $ 53,227.01
RATE 10.750
PAI $ 497.08
CLTV 75.000
MATURITY 280428
FEE 0.5000
LOAN 0000022020572
LAST_NAME GRAZIER
ADDRESS 2114 MARKER STREET
CITY NEW KENSING
STATE PA
ZIP 150680000
MORT $ 35,200.00
BAL $ 35,142.78
RATE 8.350
PAI $ 302.15
CLTV 74.105
MATURITY 180407
FEE 0.5000
LOAN 0000022020580
LAST_NAME MCKEE
ADDRESS 23 BRIDLE LANE
CITY HICKSVILLE
STATE NY
ZIP 118010000
MORT $ 30,500.00
BAL $ 30,317.34
RATE 9.850
PAI $ 291.31
CLTV 75.892
MATURITY 180226
FEE 0.5000
LOAN 0000022020598
LAST_NAME RIEGLER
ADDRESS 86-23 ELLIOT AVENUE
CITY EGO PARK
STATE NY
ZIP 113740000
MORT $ 90,000.00
BAL $ 89,901.11
RATE 8.990
PAI $ 723.51
CLTV 47.368
MATURITY 280318
FEE 0.5000
LOAN 0000022020614
LAST_NAME FERM
ADDRESS 49 JOURNEYS END ROAD
CITY NEW CANAAN
STATE CT
ZIP 068400000
MORT $288,300.00
BAL $ 287,075.50
RATE 9.500
PAI $ 2,687.33
CLTV 48.864
MATURITY 180224
FEE 0.5000
LOAN 0000022020630
LAST_NAME BOMBARDIERE
ADDRESS 31 CLEMENT STREET
CITY GLEN COVE
STATE NY
ZIP 115420000
MORT $ 28,000.00
BAL $ 27,741.50
RATE 11.250
PAI $ 293.70
CLTV 59.744
MATURITY 170829
FEE 0.5000
LOAN 0000022020671
LAST_NAME SUCHAJDA,
ADDRESS 8074 MOUNTAIN VIEW DRIVE
CITY NORTHHAMPTO
STATE PA
ZIP 180670000
MORT $ 28,000.00
BAL $ 27,901.95
RATE 10.990
PAI $ 288.82
CLTV 84.932
MATURITY 180209
FEE 0.5000
LOAN 0000022020697
LAST_NAME PEARCE
ADDRESS 213 BELLE LANE
CITY SAPULPA
STATE OK
ZIP 740660000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 9.350
PAI $ 465.84
CLTV 54.874
MATURITY 130511
FEE 0.5000
LOAN 0000022020705
LAST_NAME TODD
ADDRESS 114 WINSTON COURT
CITY HUEYTOWN
STATE AL
ZIP 350230000
MORT $ 33,000.00
BAL $ 32,434.68
RATE 12.000
PAI $ 396.06
CLTV 62.774
MATURITY 121101
FEE 0.5000
LOAN 0000022020721
LAST_NAME HILLMAN
ADDRESS 105 MEEM AVENUE
CITY GAITHERSBUR
STATE MD
ZIP 208770000
MORT $ 32,600.00
BAL $ 32,570.35
RATE 10.750
PAI $ 304.31
CLTV 27.627
MATURITY 280225
FEE 0.5000
LOAN 0000022020739
LAST_NAME BRACKETT
ADDRESS 6585 PORT A PRINCE DRIVE
CITY FOREST PARK
STATE GA
ZIP 302970000
MORT $ 44,000.00
BAL $ 43,761.28
RATE 8.750
PAI $ 439.76
CLTV 66.666
MATURITY 130303
FEE 0.5000
LOAN 0000022020747
LAST_NAME HUTCHERSON
ADDRESS 165 HEWITT AVENUE
CITY BUFFALO
STATE NY
ZIP 142150000
MORT $ 48,000.00
BAL $ 47,768.69
RATE 8.500
PAI $ 416.56
CLTV 75.000
MATURITY 180303
FEE 0.5000
LOAN 0000022020762
LAST_NAME BUCKLEY
ADDRESS 176 MYRTLE AVENUE
CITY MILLBURN
STATE NJ
ZIP 070410000
MORT $ 29,000.00
BAL $ 28,797.79
RATE 10.500
PAI $ 320.57
CLTV 66.079
MATURITY 130303
FEE 0.5000
LOAN 0000022020770
LAST_NAME MANZELLA
ADDRESS 87 MOORE STREET
CITY TONAWANDA
STATE NY
ZIP 142230000
MORT $ 47,700.00
BAL $ 47,440.66
RATE 9.850
PAI $ 455.58
CLTV 71.682
MATURITY 180225
FEE 0.5000
LOAN 0000022020788
LAST_NAME PISANO
ADDRESS 68 SYLVAN PLACE
CITY VALLEY STRE
STATE NY
ZIP 115810000
MORT $ 48,000.00
BAL $ 47,791.55
RATE 10.990
PAI $ 545.27
CLTV 84.987
MATURITY 130226
FEE 0.5000
LOAN 0000022020804
LAST_NAME NUSSBAUM
ADDRESS 1015 W MAIN STREET
CITY BERNE
STATE IN
ZIP 467110000
MORT $ 14,200.00
BAL $ 14,163.34
RATE 9.990
PAI $ 136.94
CLTV 12.909
MATURITY 180227
FEE 0.5000
LOAN 0000022020820
LAST_NAME FERRARA
ADDRESS 5683 WAUTOMA BEACH ROAD
CITY HAMLIN
STATE NY
ZIP 144680000
MORT $ 17,900.00
BAL $ 17,650.12
RATE 10.990
PAI $ 246.47
CLTV 84.946
MATURITY 80223
FEE 0.5000
LOAN 0000022020846
LAST_NAME DODGE
ADDRESS 2309-2311 22ND 1/2 AVENUE
CITY ROCK ISLAND
STATE IL
ZIP 612010000
MORT $ 67,500.00
BAL $ 66,875.50
RATE 8.990
PAI $ 606.88
CLTV 75.000
MATURITY 180226
FEE 0.5000
LOAN 0000022020861
LAST_NAME LITTLE
ADDRESS 8 JUNE ROAD
CITY NEWBURGH
STATE NY
ZIP 125500000
MORT $ 83,250.00
BAL $ 82,834.18
RATE 8.250
PAI $ 709.34
CLTV 75.000
MATURITY 180226
FEE 0.5000
LOAN 0000022020887
LAST_NAME MUNANG
ADDRESS 11 WASHINGTON LANE
CITY TAPPAN
STATE NY
ZIP 109830000
MORT $ 54,000.00
BAL $ 53,734.74
RATE 9.850
PAI $ 575.34
CLTV 78.773
MATURITY 130302
FEE 0.5000
LOAN 0000022020937
LAST_NAME MURPHY
ADDRESS 1725 W 51ST AVENUE
CITY DENVER
STATE CO
ZIP 802210000
MORT $ 66,000.00
BAL $ 64,601.16
RATE 8.750
PAI $ 827.16
CLTV 75.000
MATURITY 80115
FEE 0.5000
LOAN 0000022020952
LAST_NAME HEATH
ADDRESS 111 WHITEHALL ROAD
CITY ELKTON
STATE MD
ZIP 219210000
MORT $ 11,700.00
BAL $ 11,652.89
RATE 11.990
PAI $ 140.34
CLTV 79.288
MATURITY 130226
FEE 0.5000
LOAN 0000022020978
LAST_NAME NUNEZ
ADDRESS 11427 KAZIMER DRIVE
CITY ORLANDO
STATE FL
ZIP 328370000
MORT $ 94,400.00
BAL $ 94,235.86
RATE 8.750
PAI $ 742.65
CLTV 80.000
MATURITY 280112
FEE 0.5000
LOAN 0000022021000
LAST_NAME MERCADO
ADDRESS 84-33 107TH STREET
CITY RICHMOND HI
STATE NY
ZIP 114180000
MORT $199,750.00
BAL $ 199,542.10
RATE 9.250
PAI $ 1,643.29
CLTV 85.000
MATURITY 280309
FEE 0.5000
LOAN 0000022021026
LAST_NAME ALSTON
ADDRESS 81 WATSON AVENUE
CITY EAST ORANGE
STATE NJ
ZIP 070180000
MORT $ 70,400.00
BAL $ 70,240.69
RATE 10.250
PAI $ 630.86
CLTV 80.000
MATURITY 280304
FEE 0.5000
LOAN 0000022021034
LAST_NAME SMITH
ADDRESS 2075 W 14TH STREET
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $ 26,000.00
BAL $ 25,450.47
RATE 8.800
PAI $ 326.55
CLTV 64.197
MATURITY 80120
FEE 0.5000
LOAN 0000022021059
LAST_NAME TURNER
ADDRESS 1860 KEWANNEE TRAIL
CITY FERN PARK
STATE FL
ZIP 327300000
MORT $ 76,000.00
BAL $ 75,492.32
RATE 8.300
PAI $ 573.64
CLTV 63.333
MATURITY 280114
FEE 0.5000
LOAN 0000022021083
LAST_NAME WHITE
ADDRESS 302 MISSISSIPPI AVENUE
CITY SILVER SPRI
STATE MD
ZIP 209100000
MORT $257,550.00
BAL $ 257,220.41
RATE 8.250
PAI $ 1,934.89
CLTV 85.000
MATURITY 130305
FEE 0.5000
LOAN 0000022021117
LAST_NAME WHITE
ADDRESS 3850 THE ALAMEDA
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $ 48,000.00
BAL $ 47,951.07
RATE 9.350
PAI $ 398.37
CLTV 66.206
MATURITY 130312
FEE 0.5000
LOAN 0000022021133
LAST_NAME ALEXANDER
ADDRESS 115-26 145TH STREET
CITY JAMAICA
STATE NY
ZIP 114360000
MORT $140,000.00
BAL $ 139,240.44
RATE 8.750
PAI $ 1,399.23
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000022021141
LAST_NAME BROOKS
ADDRESS 1517 CHESAPEAKE AVENUE B-
CITY NAPLES
STATE FL
ZIP 341020000
MORT $ 60,000.00
BAL $ 59,900.95
RATE 9.000
PAI $ 482.77
CLTV 78.947
MATURITY 280210
FEE 0.5000
LOAN 0000022021166
LAST_NAME PRIMAVERA
ADDRESS 4340 GRAY STREET
CITY DENVER
STATE CO
ZIP 802120000
MORT $ 84,000.00
BAL $ 83,150.90
RATE 8.240
PAI $ 630.47
CLTV 78.504
MATURITY 280202
FEE 0.5000
LOAN 0000022021182
LAST_NAME DIETRICH
ADDRESS 5819 CEDONIA AVENUE
CITY BALTIMORE
STATE MD
ZIP 212060000
MORT $ 44,200.00
BAL $ 44,100.75
RATE 11.250
PAI $ 463.77
CLTV 84.363
MATURITY 180223
FEE 0.5000
LOAN 0000022021190
LAST_NAME CREMEENS
ADDRESS 4 ADAMS DRIVE
CITY PLYMOUTH
STATE CT
ZIP 067820000
MORT $ 87,000.00
BAL $ 86,957.21
RATE 9.500
PAI $ 731.54
CLTV 83.653
MATURITY 280330
FEE 0.5000
LOAN 0000022021208
LAST_NAME MOORE
ADDRESS 7328 DENMARK AVE
CITY BIRMINGHAM
STATE AL
ZIP 352240000
MORT $ 46,800.00
BAL $ 46,685.93
RATE 10.500
PAI $ 428.10
CLTV 90.000
MATURITY 271101
FEE 0.5000
LOAN 0000022021216
LAST_NAME MOORE
ADDRESS 1887 NW 85TH LANE
CITY CORAL SPRIN
STATE FL
ZIP 330710000
MORT $ 32,000.00
BAL $ 31,700.92
RATE 10.490
PAI $ 353.53
CLTV 18.285
MATURITY 130127
FEE 0.5000
Page 32
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022021257
LAST_NAME NOLAN
ADDRESS 61-18 65TH STREET
CITY MIDDLE VILL
STATE NY
ZIP 113790000
MORT $ 23,900.00
BAL $ 23,455.82
RATE 10.750
PAI $ 267.91
CLTV 74.377
MATURITY 120908
FEE 0.5000
LOAN 0000022021265
LAST_NAME ZARAZUA
ADDRESS 231 BOHLANDER
CITY BELLWOOD
STATE IL
ZIP 601040000
MORT $ 84,500.00
BAL $ 83,567.61
RATE 8.990
PAI $ 759.73
CLTV 72.844
MATURITY 180227
FEE 0.5000
LOAN 0000022021364
LAST_NAME YOST
ADDRESS 905 MAXWELL LANE
CITY COLORADO SP
STATE CO
ZIP 809090000
MORT $ 40,250.00
BAL $ 39,655.27
RATE 9.990
PAI $ 531.68
CLTV 76.715
MATURITY 80226
FEE 0.5000
LOAN 0000022021406
LAST_NAME BRASCH
ADDRESS 2 HOPKINSON COURT
CITY E WINDSOR
STATE NJ
ZIP 085200000
MORT $ 20,900.00
BAL $ 20,878.16
RATE 11.750
PAI $ 226.49
CLTV 79.869
MATURITY 180403
FEE 0.5000
LOAN 0000022021414
LAST_NAME ADAMO
ADDRESS 2354 LAKESHORE CIRCLE
CITY PORT CHARLO
STATE FL
ZIP 339520000
MORT $ 48,000.00
BAL $ 47,877.54
RATE 8.300
PAI $ 362.30
CLTV 80.000
MATURITY 280126
FEE 0.5000
LOAN 0000022021463
LAST_NAME MCELVAINE
ADDRESS 1224 JESSIE ST.
CITY MOBILE
STATE AL
ZIP 366170000
MORT $ 29,700.00
BAL $ 29,678.47
RATE 12.800
PAI $ 323.90
CLTV 90.000
MATURITY 280201
FEE 0.5000
LOAN 0000022021471
LAST_NAME GALE
ADDRESS 41 ORCHARD STREET
CITY UNIONVILLE
STATE NY
ZIP 109880000
MORT $ 43,500.00
BAL $ 43,049.08
RATE 9.500
PAI $ 405.48
CLTV 50.000
MATURITY 180225
FEE 0.5000
LOAN 0000022021497
LAST_NAME HELD
ADDRESS 1350 W FRIENDSHIP LANE
CITY COLORADO SP
STATE CO
ZIP 809040000
MORT $ 48,300.00
BAL $ 48,081.14
RATE 8.990
PAI $ 434.26
CLTV 22.258
MATURITY 180123
FEE 0.5000
LOAN 0000022021513
LAST_NAME BENNETT
ADDRESS 4274 SOUTH PEGGY WAY
CITY WEST VALLEY
STATE UT
ZIP 841200000
MORT $ 75,000.00
BAL $ 75,000.00
RATE 10.000
PAI $ 658.18
CLTV 72.115
MATURITY 280501
FEE 0.5000
LOAN 0000022021539
LAST_NAME INGLE
ADDRESS 104 MERRY WOOD DRIVE
CITY ROSSVILLE
STATE GA
ZIP 307410000
MORT $ 53,900.00
BAL $ 53,468.44
RATE 8.990
PAI $ 546.37
CLTV 52.843
MATURITY 130226
FEE 0.5000
LOAN 0000022021562
LAST_NAME MATTEO
ADDRESS 19531 GULF BLVD APT 212
CITY INDIAN ROCK
STATE FL
ZIP 346350000
MORT $ 90,100.00
BAL $ 89,704.45
RATE 9.240
PAI $ 824.61
CLTV 85.000
MATURITY 180202
FEE 0.5000
LOAN 0000022021604
LAST_NAME FALVO
ADDRESS 7919 TALISMAN DRIVE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $ 44,000.00
BAL $ 43,892.26
RATE 8.500
PAI $ 338.32
CLTV 80.000
MATURITY 280123
FEE 0.5000
LOAN 0000022021620
LAST_NAME MATOS
ADDRESS 61 PACIFIC AVENUE
CITY FRANKLIN SQ
STATE NY
ZIP 110100000
MORT $ 55,000.00
BAL $ 54,232.21
RATE 10.990
PAI $ 757.31
CLTV 52.677
MATURITY 80225
FEE 0.5000
LOAN 0000022021646
LAST_NAME MCGINNIS
ADDRESS 20 BAKER STREET
CITY HUDSON FALL
STATE NY
ZIP 128390000
MORT $ 41,000.00
BAL $ 40,649.96
RATE 8.250
PAI $ 397.76
CLTV 70.689
MATURITY 130226
FEE 0.5000
LOAN 0000022021653
LAST_NAME ELIAS
ADDRESS 18 S SEVENTH STREET
CITY EASTON
STATE PA
ZIP 180420000
MORT $ 32,500.00
BAL $ 32,340.46
RATE 8.350
PAI $ 278.96
CLTV 69.148
MATURITY 180205
FEE 0.5000
LOAN 0000022021661
LAST_NAME SMITH
ADDRESS 904 S GLENDALE STREET
CITY SALT LAKE C
STATE UT
ZIP 841040000
MORT $ 22,500.00
BAL $ 22,366.70
RATE 12.250
PAI $ 273.67
CLTV 84.773
MATURITY 130220
FEE 0.5000
LOAN 0000022021679
LAST_NAME NAPIER
ADDRESS 5056 GREENWAY DRIVE NORTH
CITY JACKSONVILL
STATE FL
ZIP 322440000
MORT $ 56,000.00
BAL $ 55,866.20
RATE 8.620
PAI $ 435.36
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022021687
LAST_NAME CENTENO
ADDRESS 1781 MARSHFIELD DRIVE
CITY ROCKFORD
STATE IL
ZIP 611070000
MORT $115,500.00
BAL $ 115,500.00
RATE 10.900
PAI $ 1,091.21
CLTV 84.988
MATURITY 130501
FEE 0.5000
LOAN 0000022021695
LAST_NAME EBERHARDT
ADDRESS 5311 S DESTIN POINT
CITY LECANTO
STATE FL
ZIP 344610000
MORT $ 36,000.00
BAL $ 35,825.75
RATE 10.750
PAI $ 365.48
CLTV 72.000
MATURITY 180121
FEE 0.5000
LOAN 0000022021703
LAST_NAME DAVIS
ADDRESS 2201 SCENIC HIGHWAY UNIT
CITY PENSACOLA
STATE FL
ZIP 325030000
MORT $ 49,300.00
BAL $ 49,250.18
RATE 10.250
PAI $ 441.78
CLTV 82.857
MATURITY 280202
FEE 0.5000
LOAN 0000022021711
LAST_NAME HAMILTON
ADDRESS 10918 OAK BRIAR COURT
CITY FORT WAYNE
STATE IN
ZIP 468450000
MORT $132,800.00
BAL $ 132,562.07
RATE 8.620
PAI $ 1,032.43
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022021760
LAST_NAME DANIELS
ADDRESS 52 SOUTH CHERRY
CITY COLUMBUS
STATE IN
ZIP 472010000
MORT $ 52,500.00
BAL $ 52,247.00
RATE 8.500
PAI $ 455.61
CLTV 75.000
MATURITY 180227
FEE 0.5000
LOAN 0000022021786
LAST_NAME LEWIS
ADDRESS 6040 W PINE CIRCLE
CITY CRYSTAL RIV
STATE FL
ZIP 344290000
MORT $ 60,000.00
BAL $ 59,885.60
RATE 8.300
PAI $ 452.87
CLTV 79.470
MATURITY 280202
FEE 0.5000
LOAN 0000022021794
LAST_NAME KRAFT
ADDRESS 3650 CLIFMAR ROAD
CITY BALTIMORE
STATE MD
ZIP 212440000
MORT $ 32,900.00
BAL $ 32,747.73
RATE 10.500
PAI $ 363.68
CLTV 84.929
MATURITY 130220
FEE 0.5000
LOAN 0000022021810
LAST_NAME CROWE
ADDRESS 2027 CRICKET DRIVE
CITY ORLANDO
STATE FL
ZIP 328080000
MORT $ 58,400.00
BAL $ 58,264.13
RATE 8.750
PAI $ 459.43
CLTV 80.000
MATURITY 280109
FEE 0.5000
LOAN 0000022021828
LAST_NAME BULKLEY
ADDRESS 4935 SUNBIRD CLIFFS
CITY COLORADO SP
STATE CO
ZIP 809190000
MORT $ 51,500.00
BAL $ 50,981.53
RATE 9.990
PAI $ 553.11
CLTV 73.547
MATURITY 130319
FEE 0.5000
LOAN 0000022021836
LAST_NAME SELZER, .
ADDRESS 85 BELFORD AVENUE
CITY BAY SHORE
STATE NY
ZIP 117060000
MORT $ 62,000.00
BAL $ 61,633.00
RATE 9.500
PAI $ 647.42
CLTV 84.931
MATURITY 130227
FEE 0.5000
LOAN 0000022021851
LAST_NAME HADLEY
ADDRESS 8 RUSHMORE ROAD
CITY HOPEWELL
STATE NY
ZIP 125330000
MORT $129,000.00
BAL $ 128,378.39
RATE 8.500
PAI $ 1,119.49
CLTV 75.000
MATURITY 180226
FEE 0.5000
LOAN 0000022021869
LAST_NAME DESANCTIS
ADDRESS 108 TANGLEWOOD LANE
CITY LANCASTER
STATE PA
ZIP 176010000
MORT $ 25,000.00
BAL $ 24,787.51
RATE 8.300
PAI $ 243.26
CLTV 21.551
MATURITY 130209
FEE 0.5000
LOAN 0000022021893
LAST_NAME CUTLER
ADDRESS 785 N. OAKLEY STREET
CITY SALT LAKE C
STATE UT
ZIP 841160000
MORT $ 25,000.00
BAL $ 24,895.41
RATE 9.750
PAI $ 237.13
CLTV 79.468
MATURITY 180224
FEE 0.5000
LOAN 0000022021919
LAST_NAME HOOKS
ADDRESS 3089 WISSMAN AVENUE
CITY BRONX
STATE NY
ZIP 104650000
MORT $ 25,300.00
BAL $ 25,175.71
RATE 9.850
PAI $ 269.56
CLTV 61.417
MATURITY 130304
FEE 0.5000
LOAN 0000022021927
LAST_NAME HARTMAN
ADDRESS 5625 W BLUFF
CITY OLCOTT
STATE NY
ZIP 141260000
MORT $172,100.00
BAL $ 171,186.17
RATE 8.990
PAI $ 1,744.53
CLTV 55.337
MATURITY 130304
FEE 0.5000
LOAN 0000022021943
LAST_NAME MAHEU
ADDRESS 52 FISK ROAD
CITY HAMPTON
STATE CT
ZIP 062470000
MORT $ 39,500.00
BAL $ 38,756.47
RATE 8.750
PAI $ 349.07
CLTV 37.264
MATURITY 180226
FEE 0.5000
LOAN 0000022021976
LAST_NAME QUICK
ADDRESS 2400 BEAVERBROOK DRIVE
CITY GREENSBORO
STATE NC
ZIP 274060000
MORT $ 41,600.00
BAL $ 41,459.21
RATE 11.250
PAI $ 436.49
CLTV 84.969
MATURITY 180201
FEE 0.5000
LOAN 0000022021984
LAST_NAME BURRISS
ADDRESS 14340 ROSETREE COURT
CITY SILVER SPRI
STATE MD
ZIP 209060000
MORT $ 21,900.00
BAL $ 21,881.77
RATE 11.750
PAI $ 221.07
CLTV 79.796
MATURITY 130303
FEE 0.5000
LOAN 0000022022016
LAST_NAME RICHARDS
ADDRESS 3705 S. BUCKEROO CIRCLE
CITY MAGNA
STATE UT
ZIP 840440000
MORT $ 16,500.00
BAL $ 16,263.12
RATE 10.500
PAI $ 222.65
CLTV 84.842
MATURITY 80227
FEE 0.5000
LOAN 0000022022024
LAST_NAME PURYEAR
ADDRESS 77 OGDEN STREET
CITY INDIAN ORCH
STATE MA
ZIP 011510000
MORT $ 52,800.00
BAL $ 52,553.42
RATE 8.750
PAI $ 466.60
CLTV 80.000
MATURITY 180226
FEE 0.5000
LOAN 0000022022032
LAST_NAME MCLAUCHLIN
ADDRESS 2025 ARMADA DRIVE
CITY CHESAPEAKE
STATE VA
ZIP 233210000
MORT $ 33,000.00
BAL $ 32,855.18
RATE 10.990
PAI $ 340.40
CLTV 26.410
MATURITY 180301
FEE 0.5000
LOAN 0000022022065
LAST_NAME SAREYANI
ADDRESS 1020 MONTAUK AVENUE
CITY ISLIP TERRA
STATE NY
ZIP 117520000
MORT $ 54,000.00
BAL $ 53,780.67
RATE 9.850
PAI $ 515.76
CLTV 71.783
MATURITY 180226
FEE 0.5000
LOAN 0000022022073
LAST_NAME GARRISON
ADDRESS 2106 NC 304 CAROLINE HIGH
CITY BAYBORO
STATE NC
ZIP 285150000
MORT $ 66,750.00
BAL $ 66,549.11
RATE 8.990
PAI $ 600.14
CLTV 75.000
MATURITY 180305
FEE 0.5000
LOAN 0000022022107
LAST_NAME MORGAN
ADDRESS 1117 GREENVALLEY STREET
CITY BENSENVILLE
STATE IL
ZIP 601060000
MORT $ 99,750.00
BAL $ 99,449.78
RATE 8.990
PAI $ 896.84
CLTV 75.000
MATURITY 180226
FEE 0.5000
Page 33
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022022115
LAST_NAME MEDICI
ADDRESS 5920 S SULTAN CIRCLE
CITY MURRAY
STATE UT
ZIP 841070000
MORT $ 71,200.00
BAL $ 70,985.72
RATE 8.990
PAI $ 640.15
CLTV 80.000
MATURITY 180305
FEE 0.5000
LOAN 0000022022131
LAST_NAME BALLS
ADDRESS 24 CURWOOD COURT
CITY TONAWANDA
STATE NY
ZIP 141500000
MORT $ 51,000.00
BAL $ 50,514.04
RATE 10.500
PAI $ 688.17
CLTV 83.606
MATURITY 80303
FEE 0.5000
LOAN 0000022022149
LAST_NAME MIEDZWIECKI
ADDRESS 656 ANDOVER ROAD
CITY VALLEY COTT
STATE NY
ZIP 109890000
MORT $ 26,600.00
BAL $ 25,722.40
RATE 9.990
PAI $ 351.37
CLTV 39.637
MATURITY 80227
FEE 0.5000
LOAN 0000022022156
LAST_NAME KUGLER
ADDRESS 3221 WILLOW OAK ROAD
CITY CHARLOTTE
STATE NC
ZIP 282090000
MORT $100,600.00
BAL $ 100,041.89
RATE 8.500
PAI $ 990.65
CLTV 41.916
MATURITY 130226
FEE 0.5000
LOAN 0000022022164
LAST_NAME GILMORE
ADDRESS 52 CRUIKSHANK AVENUE
CITY HEMPSTEAD
STATE NY
ZIP 115500000
MORT $100,800.00
BAL $ 99,389.56
RATE 10.750
PAI $ 1,023.35
CLTV 77.538
MATURITY 180224
FEE 0.5000
LOAN 0000022022172
LAST_NAME FROISETH
ADDRESS 29 PARSONS STREET
CITY BINGHAMPTON
STATE NY
ZIP 139030000
MORT $ 48,000.00
BAL $ 47,840.48
RATE 8.250
PAI $ 408.99
CLTV 80.000
MATURITY 180212
FEE 0.5000
LOAN 0000022022180
LAST_NAME RODRIGUEZ
ADDRESS 803 W ALVARADO
CITY ARTESIA
STATE NM
ZIP 882100000
MORT $ 36,000.00
BAL $ 35,809.69
RATE 9.040
PAI $ 365.99
CLTV 77.419
MATURITY 130227
FEE 0.5000
LOAN 0000022022198
LAST_NAME BOSTIC
ADDRESS 24 THOROUGHBRED WAY
CITY CLIFTON PAR
STATE NY
ZIP 120650000
MORT $150,000.00
BAL $ 149,519.85
RATE 8.500
PAI $ 1,301.73
CLTV 75.000
MATURITY 180226
FEE 0.5000
LOAN 0000022022222
LAST_NAME BURKE
ADDRESS 5515 OVERLOOK DRIVE
CITY MASON
STATE OH
ZIP 450400000
MORT $120,000.00
BAL $ 119,745.38
RATE 8.800
PAI $ 948.33
CLTV 80.000
MATURITY 280116
FEE 0.5000
LOAN 0000022022230
LAST_NAME DERENGOWSKI
ADDRESS 5208 WILLARD
CITY BIRCH RUN
STATE MI
ZIP 484150000
MORT $ 91,400.00
BAL $ 91,346.54
RATE 8.950
PAI $ 732.14
CLTV 76.166
MATURITY 130401
FEE 0.5000
LOAN 0000022022289
LAST_NAME SLATER
ADDRESS 11608 SHAVER ROAD
CITY SCHOOLCRAFT
STATE MI
ZIP 490870000
MORT $ 52,000.00
BAL $ 51,975.73
RATE 9.750
PAI $ 446.77
CLTV 54.736
MATURITY 130402
FEE 0.5000
LOAN 0000022022297
LAST_NAME DAVIS
ADDRESS 1490 ALEXIS ROAD
CITY CENTRE
STATE AL
ZIP 359600000
MORT $ 26,000.00
BAL $ 25,362.63
RATE 8.500
PAI $ 256.03
CLTV 52.000
MATURITY 130401
FEE 0.5000
LOAN 0000022022313
LAST_NAME GETCHELL
ADDRESS 4036 RIVERSHORE ROAD
CITY PORTSMOUTH
STATE VA
ZIP 237030000
MORT $ 71,000.00
BAL $ 70,893.02
RATE 8.950
PAI $ 636.52
CLTV 70.297
MATURITY 180425
FEE 0.5000
LOAN 0000022022354
LAST_NAME LOWE
ADDRESS 6000 21ST STREET N #1C-15
CITY ST PETERSBU
STATE FL
ZIP 337140000
MORT $ 25,800.00
BAL $ 25,493.86
RATE 8.300
PAI $ 251.05
CLTV 69.729
MATURITY 130105
FEE 0.5000
LOAN 0000022022404
LAST_NAME TRENT
ADDRESS 820 GLENCO ROAD
CITY DURHAM
STATE NC
ZIP 277030000
MORT $ 58,500.00
BAL $ 58,350.90
RATE 9.400
PAI $ 607.35
CLTV 73.125
MATURITY 130501
FEE 0.5000
LOAN 0000022022560
LAST_NAME YATES
ADDRESS 6636 GRETCHEN LANE NORTH
CITY OAKDALE
STATE MN
ZIP 551280000
MORT $ 80,000.00
BAL $ 80,000.00
RATE 8.800
PAI $ 632.22
CLTV 74.074
MATURITY 280501
FEE 0.5000
LOAN 0000022022578
LAST_NAME LAFORCE
ADDRESS 13361 N WINTZELL AVE.
CITY BAYOU LA BA
STATE AL
ZIP 365090000
MORT $ 45,000.00
BAL $ 44,891.93
RATE 10.050
PAI $ 484.95
CLTV 69.551
MATURITY 130415
FEE 0.5000
LOAN 0000022022750
LAST_NAME CLIFTON
ADDRESS 6210 WELFORD ROAD
CITY CHARLOTTE
STATE NC
ZIP 282110000
MORT $ 80,000.00
BAL $ 79,106.06
RATE 8.500
PAI $ 787.79
CLTV 76.190
MATURITY 130121
FEE 0.5000
LOAN 0000022022792
LAST_NAME MARVIN
ADDRESS 296 WILLOW TRAIL
CITY BOONE
STATE NC
ZIP 286070000
MORT $116,000.00
BAL $ 115,704.08
RATE 8.300
PAI $ 875.55
CLTV 80.000
MATURITY 280106
FEE 0.5000
LOAN 0000022022883
LAST_NAME TAYLOR
ADDRESS 8296 EATON WAY
CITY ARVADA
STATE CO
ZIP 800030000
MORT $ 68,499.00
BAL $ 67,766.06
RATE 8.990
PAI $ 694.36
CLTV 80.000
MATURITY 121222
FEE 0.5000
LOAN 0000022022909
LAST_NAME STABLER
ADDRESS 3530 WESTWOOD AVENUE NW
CITY WINTER HAVE
STATE FL
ZIP 338800000
MORT $ 47,200.00
BAL $ 46,798.80
RATE 8.300
PAI $ 459.28
CLTV 80.000
MATURITY 130126
FEE 0.5000
LOAN 0000022022917
LAST_NAME MOORE
ADDRESS 2616 E CENTER ST
CITY INVERNESS
STATE FL
ZIP 344530000
MORT $ 23,445.69
BAL $ 22,935.32
RATE 10.375
PAI $ 298.53
CLTV 66.987
MATURITY 90102
FEE 0.5000
LOAN 0000022022925
LAST_NAME VASQUEZ
ADDRESS 4995 IVOR DRIVE
CITY COLORADO SP
STATE CO
ZIP 809160000
MORT $ 76,800.00
BAL $ 76,592.67
RATE 8.500
PAI $ 590.53
CLTV 80.000
MATURITY 280128
FEE 0.5000
LOAN 0000022022933
LAST_NAME YOUNG
ADDRESS 6225 OSAGE ROAD
CITY CRESTWOOD
STATE KY
ZIP 400140000
MORT $106,400.00
BAL $ 106,205.27
RATE 8.500
PAI $ 818.12
CLTV 80.000
MATURITY 280128
FEE 0.5000
LOAN 0000022022941
LAST_NAME HASKIN
ADDRESS 8869 EAST MINERAL PLACE
CITY ENGLEWOOD
STATE CO
ZIP 801120000
MORT $ 42,000.00
BAL $ 41,607.45
RATE 10.490
PAI $ 464.01
CLTV 73.775
MATURITY 130102
FEE 0.5000
LOAN 0000022022958
LAST_NAME ANDERSON
ADDRESS 806 GREENWOOD DRIVE
CITY NORTH AUGUS
STATE SC
ZIP 298410000
MORT $116,800.00
BAL $ 116,586.22
RATE 8.500
PAI $ 898.09
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022022966
LAST_NAME SCHMIDT
ADDRESS 661 SPINNAKER COURT
CITY WELLINGTON
STATE FL
ZIP 334140000
MORT $ 50,400.00
BAL $ 50,307.55
RATE 8.490
PAI $ 387.18
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022022974
LAST_NAME KING
ADDRESS 12809 COVERDALE DR
CITY TAMPA
STATE FL
ZIP 336240000
MORT $ 59,500.00
BAL $ 59,391.43
RATE 8.610
PAI $ 462.15
CLTV 70.833
MATURITY 280202
FEE 0.5000
LOAN 0000022022982
LAST_NAME LLAMAS
ADDRESS 39 E 6TH AVENUE
CITY MESA
STATE AZ
ZIP 882100000
MORT $ 55,250.00
BAL $ 54,369.87
RATE 8.600
PAI $ 482.97
CLTV 76.206
MATURITY 180202
FEE 0.5000
LOAN 0000022023006
LAST_NAME ROGERS
ADDRESS 8080 S BUENO VISTA DRIVE
CITY WEST JORDAN
STATE UT
ZIP 840880000
MORT $ 18,500.00
BAL $ 17,935.09
RATE 8.990
PAI $ 166.33
CLTV 61.436
MATURITY 180112
FEE 0.5000
LOAN 0000022023014
LAST_NAME ATWELL
ADDRESS 5313 WELLER AVENUE
CITY JACKSONVILL
STATE FL
ZIP 322110000
MORT $120,000.00
BAL $ 119,421.03
RATE 8.490
PAI $ 1,040.63
CLTV 80.000
MATURITY 180220
FEE 0.5000
LOAN 0000022023022
LAST_NAME ROMERO
ADDRESS 2133 PIMLICO STREET
CITY ORLANDO
STATE FL
ZIP 328220000
MORT $ 75,000.00
BAL $ 74,888.45
RATE 9.500
PAI $ 630.64
CLTV 78.947
MATURITY 280126
FEE 0.5000
LOAN 0000022023030
LAST_NAME BURT
ADDRESS 3939 PEARL DRIVE
CITY COLORADO SP
STATE CO
ZIP 809180000
MORT $ 51,500.00
BAL $ 50,381.17
RATE 8.300
PAI $ 633.03
CLTV 44.782
MATURITY 80122
FEE 0.5000
LOAN 0000022023048
LAST_NAME SAVOY
ADDRESS 8360 56TH STREET NORTH
CITY PINELLAS PA
STATE FL
ZIP 337810000
MORT $ 30,500.00
BAL $ 30,349.32
RATE 8.300
PAI $ 260.84
CLTV 34.659
MATURITY 180127
FEE 0.5000
LOAN 0000022023055
LAST_NAME VALDES
ADDRESS 13749 SW 283RD TERRACE
CITY MIAMI
STATE FL
ZIP 330330000
MORT $ 70,000.00
BAL $ 69,415.41
RATE 8.500
PAI $ 689.32
CLTV 78.651
MATURITY 130127
FEE 0.5000
LOAN 0000022023063
LAST_NAME DOWLING
ADDRESS 820 39TH STREET
CITY WEST PALM B
STATE FL
ZIP 334070000
MORT $ 18,500.00
BAL $ 18,154.08
RATE 10.990
PAI $ 254.73
CLTV 76.896
MATURITY 80126
FEE 0.5000
LOAN 0000022023071
LAST_NAME BARRETT
ADDRESS 11590 WALKER AVENUE
CITY SEMINOLE
STATE FL
ZIP 337720000
MORT $136,000.00
BAL $ 135,751.71
RATE 8.620
PAI $ 1,057.31
CLTV 79.069
MATURITY 280202
FEE 0.5000
LOAN 0000022023089
LAST_NAME WILSON
ADDRESS 211 GARDEN LANE
CITY LONGWOOD
STATE FL
ZIP 327500000
MORT $136,000.00
BAL $ 135,683.59
RATE 8.750
PAI $ 1,069.91
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022023097
LAST_NAME POTTS
ADDRESS 816 MONROE STREET
CITY ASHLAND
STATE OH
ZIP 448050000
MORT $ 52,800.00
BAL $ 52,705.70
RATE 8.620
PAI $ 410.49
CLTV 80.000
MATURITY 280203
FEE 0.5000
LOAN 0000022023121
LAST_NAME CARTER
ADDRESS 5242 SANTA MONICA BLVD S
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $ 63,500.00
BAL $ 62,728.74
RATE 8.300
PAI $ 617.89
CLTV 70.555
MATURITY 130116
FEE 0.5000
LOAN 0000022023139
LAST_NAME BLOSS
ADDRESS 900 SW 12TH STREET
CITY FORT LAUDER
STATE FL
ZIP 333150000
MORT $ 42,400.00
BAL $ 41,936.55
RATE 8.750
PAI $ 423.77
CLTV 80.000
MATURITY 130116
FEE 0.5000
Page 34
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022023238
LAST_NAME WILLIAMS
ADDRESS 3385 SPRING PARK WAY
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $107,200.00
BAL $ 106,948.61
RATE 8.800
PAI $ 847.17
CLTV 80.000
MATURITY 280203
FEE 0.5000
LOAN 0000022023253
LAST_NAME GUILIANO
ADDRESS 48 ATLANTIC STREET
CITY CARTERET
STATE NJ
ZIP 070080000
MORT $ 93,000.00
BAL $ 92,825.14
RATE 8.950
PAI $ 744.96
CLTV 76.229
MATURITY 280409
FEE 0.5000
LOAN 0000022023261
LAST_NAME GOODE
ADDRESS 1931 SILVER STREET
CITY NEW ALBANY
STATE IN
ZIP 471500000
MORT $ 53,600.00
BAL $ 53,476.56
RATE 8.800
PAI $ 423.59
CLTV 80.000
MATURITY 280116
FEE 0.5000
LOAN 0000022023295
LAST_NAME JAMES
ADDRESS 7804 JOYCE DRIVE
CITY LOUISVILLE
STATE KY
ZIP 402190000
MORT $ 92,080.00
BAL $ 91,897.48
RATE 9.500
PAI $ 774.26
CLTV 80.000
MATURITY 280105
FEE 0.5000
LOAN 0000022023360
LAST_NAME COTTRILL
ADDRESS 433 LAMONT AVENUE
CITY AKRON
STATE OH
ZIP 443050000
MORT $ 81,600.00
BAL $ 81,550.05
RATE 8.450
PAI $ 624.55
CLTV 80.000
MATURITY 130406
FEE 0.5000
LOAN 0000022023386
LAST_NAME HALL
ADDRESS 2203 E LINEBAUGH AVE
CITY TAMPA
STATE FL
ZIP 336120000
MORT $ 53,550.00
BAL $ 53,343.76
RATE 9.650
PAI $ 456.15
CLTV 85.000
MATURITY 280102
FEE 0.5000
LOAN 0000022023410
LAST_NAME WEBBER
ADDRESS 241 WEST CAROLINA STREET
CITY MAXTON
STATE NC
ZIP 283640000
MORT $ 40,000.00
BAL $ 39,658.47
RATE 8.800
PAI $ 400.96
CLTV 80.000
MATURITY 130107
FEE 0.5000
LOAN 0000022023436
LAST_NAME LULICH
ADDRESS 1075 VIRGINIA STREET
CITY CALUMET CIT
STATE IL
ZIP 604090000
MORT $ 46,500.00
BAL $ 46,500.00
RATE 9.800
PAI $ 401.22
CLTV 75.000
MATURITY 130504
FEE 0.5000
LOAN 0000022023535
LAST_NAME MCCLENDON
ADDRESS 907 GRANT STREET
CITY WEST PALM B
STATE FL
ZIP 334010000
MORT $ 42,500.00
BAL $ 42,410.82
RATE 9.250
PAI $ 349.64
CLTV 85.000
MATURITY 280106
FEE 0.5000
LOAN 0000022023543
LAST_NAME ALLEN
ADDRESS 7820 GLENECHO RD NORTH
CITY JACKSONVILL
STATE FL
ZIP 322110000
MORT $ 52,500.00
BAL $ 52,100.63
RATE 8.990
PAI $ 422.05
CLTV 42.000
MATURITY 280120
FEE 0.5000
LOAN 0000022023550
LAST_NAME SMITH
ADDRESS 1402 BERKSHIRE DR
CITY BRANDON
STATE FL
ZIP 335090000
MORT $108,000.00
BAL $ 107,794.07
RATE 8.300
PAI $ 815.17
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022023584
LAST_NAME KLOCKER
ADDRESS 6961 KEARNEY STREET
CITY COMMERCE CI
STATE CO
ZIP 800220000
MORT $ 27,000.00
BAL $ 26,747.66
RATE 10.490
PAI $ 298.29
CLTV 83.702
MATURITY 130109
FEE 0.5000
LOAN 0000022023618
LAST_NAME GREENE
ADDRESS 174 MEADOW DRIVE
CITY HEBER SPRIN
STATE AR
ZIP 725430000
MORT $115,200.00
BAL $ 115,023.08
RATE 8.800
PAI $ 1,021.72
CLTV 80.000
MATURITY 180414
FEE 0.5000
LOAN 0000022023675
LAST_NAME WOLFENBERGER
ADDRESS 930 STEPHEN ROAD WEST
CITY COLUMBUS
STATE OH
ZIP 432040000
MORT $ 64,000.00
BAL $ 63,889.86
RATE 8.800
PAI $ 505.78
CLTV 80.000
MATURITY 280203
FEE 0.5000
LOAN 0000022023717
LAST_NAME ISHAM
ADDRESS 2356 W BONANZA COURT
CITY SOUTH JORDA
STATE UT
ZIP 840950000
MORT $225,000.00
BAL $ 224,570.99
RATE 8.300
PAI $ 1,698.27
CLTV 70.312
MATURITY 280120
FEE 0.5000
LOAN 0000022023741
LAST_NAME PELOSI
ADDRESS 2 HOLMES COURT
CITY HOLMDEL
STATE NJ
ZIP 077330000
MORT $115,250.00
BAL $ 115,061.09
RATE 7.990
PAI $ 844.86
CLTV 36.703
MATURITY 280408
FEE 0.5000
LOAN 0000022023758
LAST_NAME BROWN
ADDRESS 121 OLD MILL ROAD WEST
CITY RICHMOND HI
STATE GA
ZIP 313240000
MORT $ 39,570.00
BAL $ 39,570.00
RATE 9.450
PAI $ 412.01
CLTV 70.560
MATURITY 130520
FEE 0.5000
LOAN 0000022023766
LAST_NAME CROWELL
ADDRESS 7404 ORANGE CREST CIRCLE
CITY LAKELAND
STATE FL
ZIP 338090000
MORT $ 67,150.00
BAL $ 66,431.51
RATE 8.990
PAI $ 680.68
CLTV 85.000
MATURITY 130128
FEE 0.5000
LOAN 0000022023808
LAST_NAME BARRETT
ADDRESS 11590 WALKER AVENUE
CITY SEMINOLE
STATE FL
ZIP 337720000
MORT $ 10,200.00
BAL $ 10,013.59
RATE 9.650
PAI $ 132.82
CLTV 85.000
MATURITY 80202
FEE 0.5000
LOAN 0000022023840
LAST_NAME BURNS
ADDRESS 603 EASTBROOK LANE
CITY TOWN OF BRI
STATE NY
ZIP 146180000
MORT $ 65,705.00
BAL $ 65,705.00
RATE 9.500
PAI $ 612.46
CLTV 87.606
MATURITY 180501
FEE 0.5000
LOAN 0000022023857
LAST_NAME FANEUS
ADDRESS 1157 W AMERICAN AVENUE
CITY SALT LAKE C
STATE UT
ZIP 841040000
MORT $ 55,000.00
BAL $ 54,322.97
RATE 8.990
PAI $ 625.61
CLTV 69.667
MATURITY 100202
FEE 0.5000
LOAN 0000022023865
LAST_NAME CARPENTER
ADDRESS 9460 HUBERT MORRIS ROAD
CITY WILMER
STATE AL
ZIP 365870000
MORT $ 43,000.00
BAL $ 43,000.00
RATE 8.050
PAI $ 361.01
CLTV 55.844
MATURITY 180518
FEE 0.5000
LOAN 0000022023881
LAST_NAME STARKEY
ADDRESS 7237 S. UNIVERSITY AVENUE
CITY CHICAGO
STATE IL
ZIP 606190000
MORT $ 54,400.00
BAL $ 54,368.04
RATE 8.650
PAI $ 424.09
CLTV 80.000
MATURITY 280428
FEE 0.5000
LOAN 0000022023899
LAST_NAME HOOPS
ADDRESS 139 E PARK AVENUE
CITY OAKLYN
STATE NJ
ZIP 081070000
MORT $126,400.00
BAL $ 126,339.73
RATE 9.700
PAI $ 1,081.33
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000022023915
LAST_NAME PINELLE
ADDRESS 6901 W 3500 SOUTH
CITY WEST VALLEY
STATE UT
ZIP 841280000
MORT $ 74,400.00
BAL $ 74,258.15
RATE 8.300
PAI $ 561.56
CLTV 79.148
MATURITY 280201
FEE 0.5000
LOAN 0000022023923
LAST_NAME SEITCHIK
ADDRESS 2917 HAMILTON COURT
CITY BENSALEM
STATE PA
ZIP 190200000
MORT $ 55,000.00
BAL $ 54,769.38
RATE 9.150
PAI $ 448.50
CLTV 47.826
MATURITY 130420
FEE 0.5000
LOAN 0000022023956
LAST_NAME HALLMAN
ADDRESS 3411 E. 123RD ST.
CITY CLEVELAND
STATE OH
ZIP 441200000
MORT $ 45,000.00
BAL $ 44,766.42
RATE 8.620
PAI $ 393.94
CLTV 71.428
MATURITY 180128
FEE 0.5000
LOAN 0000022024012
LAST_NAME WELLS
ADDRESS 3237 SW 126TH TERR
CITY ARCHER
STATE FL
ZIP 326180000
MORT $131,200.00
BAL $ 130,962.30
RATE 8.550
PAI $ 1,013.47
CLTV 80.000
MATURITY 280128
FEE 0.5000
LOAN 0000022024038
LAST_NAME BOVA
ADDRESS 2 FRANCIS WYMAN ROAD
CITY BURLINGTON
STATE MA
ZIP 018030000
MORT $ 34,000.00
BAL $ 33,880.50
RATE 9.900
PAI $ 295.86
CLTV 74.915
MATURITY 130406
FEE 0.5000
LOAN 0000022024046
LAST_NAME DENTON
ADDRESS 22 STAMEY RD
CITY CANDLER
STATE NC
ZIP 287150000
MORT $ 72,000.00
BAL $ 71,311.57
RATE 10.240
PAI $ 784.32
CLTV 80.000
MATURITY 130112
FEE 0.5000
LOAN 0000022024061
LAST_NAME DELAY
ADDRESS 17739 GREENSBORO STREET
CITY SPRING HILL
STATE FL
ZIP 346100000
MORT $ 36,600.00
BAL $ 36,409.29
RATE 9.200
PAI $ 375.59
CLTV 70.384
MATURITY 130403
FEE 0.5000
LOAN 0000022024079
LAST_NAME WALDEN
ADDRESS 3202 E DELEUIL AVENUE
CITY TAMPA
STATE FL
ZIP 336100000
MORT $ 40,800.00
BAL $ 40,443.60
RATE 7.990
PAI $ 389.67
CLTV 80.000
MATURITY 130202
FEE 0.5000
LOAN 0000022024095
LAST_NAME GAGLIONE
ADDRESS 21100 NICHOLAS AVE
CITY EUCLID
STATE OH
ZIP 441230000
MORT $ 75,200.00
BAL $ 75,065.72
RATE 8.620
PAI $ 584.63
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022024145
LAST_NAME BROOKS
ADDRESS 7 CHOPTANK COURT
CITY CAMBRIDGE
STATE MD
ZIP 216130000
MORT $ 68,000.00
BAL $ 67,800.28
RATE 9.950
PAI $ 594.24
CLTV 85.000
MATURITY 130319
FEE 0.5000
LOAN 0000022024186
LAST_NAME TAYLOR
ADDRESS 152 WINTER STREET
CITY STATEN ISLA
STATE NY
ZIP 103010000
MORT $108,000.00
BAL $ 107,893.32
RATE 9.500
PAI $ 908.13
CLTV 80.000
MATURITY 280304
FEE 0.5000
LOAN 0000022024228
LAST_NAME LLOYD
ADDRESS 1410 OAKLEY STREET
CITY BRONX
STATE NY
ZIP 104690000
MORT $150,000.00
BAL $ 149,917.89
RATE 8.990
PAI $ 1,205.86
CLTV 71.428
MATURITY 280408
FEE 0.5000
LOAN 0000022024269
LAST_NAME MCGLOCKLIN
ADDRESS RT 3 BOX 80
CITY CREWE
STATE VA
ZIP 239300000
MORT $ 93,000.00
BAL $ 92,907.17
RATE 9.450
PAI $ 778.61
CLTV 78.481
MATURITY 130305
FEE 0.5000
LOAN 0000022024301
LAST_NAME WARREN
ADDRESS ROUTE 2 BOX 545
CITY DUNN
STATE NC
ZIP 283340000
MORT $ 77,400.00
BAL $ 77,228.18
RATE 10.900
PAI $ 874.87
CLTV 81.473
MATURITY 130406
FEE 0.5000
LOAN 0000022024319
LAST_NAME MESSAM
ADDRESS 119-44 164TH STREET
CITY JAMAICA
STATE NY
ZIP 114340000
MORT $144,000.00
BAL $ 143,488.70
RATE 8.500
PAI $ 1,249.67
CLTV 80.000
MATURITY 180227
FEE 0.5000
LOAN 0000022024327
LAST_NAME ROBINSON
ADDRESS 11471 DAYTONA CT.
CITY JACKSONVILL
STATE FL
ZIP 322180000
MORT $147,200.00
BAL $ 146,921.38
RATE 8.600
PAI $ 1,142.29
CLTV 86.588
MATURITY 130226
FEE 0.5000
LOAN 0000022024335
LAST_NAME SCOTT
ADDRESS 764 ALBANY AVENUE
CITY BROOKLYN
STATE NY
ZIP 112030000
MORT $200,000.00
BAL $ 199,890.52
RATE 8.990
PAI $ 1,607.81
CLTV 80.000
MATURITY 280310
FEE 0.5000
Page 35
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022024392
LAST_NAME ROSALES
ADDRESS 114-50 201 ST STREET
CITY ST. ALBANS
STATE NY
ZIP 114120000
MORT $ 93,000.00
BAL $ 92,820.87
RATE 8.250
PAI $ 698.68
CLTV 68.382
MATURITY 280212
FEE 0.5000
LOAN 0000022024418
LAST_NAME WALKER
ADDRESS 1209 E FEDERAL STREET
CITY BALTIMORE
STATE MD
ZIP 212020000
MORT $ 44,000.00
BAL $ 43,978.97
RATE 9.790
PAI $ 379.32
CLTV 80.000
MATURITY 280326
FEE 0.5000
LOAN 0000022024442
LAST_NAME ROBERTSON
ADDRESS 131 WALL STREET
CITY REDINGTON S
STATE FL
ZIP 337080000
MORT $118,400.00
BAL $ 118,268.81
RATE 8.950
PAI $ 948.42
CLTV 80.000
MATURITY 130227
FEE 0.5000
LOAN 0000022024541
LAST_NAME JAMES
ADDRESS 1338 ROBERTS PLACE
CITY COLUMBUS
STATE OH
ZIP 432070000
MORT $ 63,750.00
BAL $ 63,654.55
RATE 9.000
PAI $ 573.58
CLTV 85.000
MATURITY 180421
FEE 0.5000
LOAN 0000022024590
LAST_NAME BARTER
ADDRESS 12763 COUNTY ROAD 1
CITY FAIRHOPE
STATE AL
ZIP 365320000
MORT $125,000.00
BAL $ 124,942.29
RATE 9.800
PAI $ 1,078.54
CLTV 57.870
MATURITY 280415
FEE 0.5000
LOAN 0000022024673
LAST_NAME JACKLIN
ADDRESS 2319 FREEMASON STREET
CITY LAKELAND
STATE FL
ZIP 338010000
MORT $ 28,400.00
BAL $ 27,943.67
RATE 8.490
PAI $ 351.97
CLTV 55.594
MATURITY 80128
FEE 0.5000
LOAN 0000022024681
LAST_NAME VAZQUEZ
ADDRESS 6910 W CLIFTON STREET
CITY TAMPA
STATE FL
ZIP 336340000
MORT $ 33,000.00
BAL $ 32,283.08
RATE 8.300
PAI $ 405.63
CLTV 56.896
MATURITY 80122
FEE 0.5000
LOAN 0000022024699
LAST_NAME DAGGS
ADDRESS 160 BALLSTON AVENUE
CITY SARATOGA SP
STATE NY
ZIP 128660000
MORT $ 57,500.00
BAL $ 57,310.09
RATE 8.250
PAI $ 489.94
CLTV 71.875
MATURITY 180310
FEE 0.5000
LOAN 0000022024715
LAST_NAME LONGO,III
ADDRESS 8 QUAKER LANE
CITY SWANSEA
STATE MA
ZIP 027770000
MORT $180,900.00
BAL $ 180,806.22
RATE 9.250
PAI $ 1,488.22
CLTV 75.690
MATURITY 280401
FEE 0.5000
LOAN 0000022024772
LAST_NAME MOORE
ADDRESS 853 MERRITT ROAD
CITY LAKE ORION
STATE MI
ZIP 483620000
MORT $ 46,000.00
BAL $ 45,522.53
RATE 8.990
PAI $ 582.46
CLTV 47.916
MATURITY 80224
FEE 0.5000
LOAN 0000022024806
LAST_NAME BUFFORD
ADDRESS 140 JOHNNY BENOIT ROAD
CITY HACKBERRY
STATE LA
ZIP 706450000
MORT $ 30,000.00
BAL $ 30,000.00
RATE 9.450
PAI $ 312.37
CLTV 69.582
MATURITY 130520
FEE 0.5000
LOAN 0000022024848
LAST_NAME MCCOY
ADDRESS 519 GRIFFITH DRIVE
CITY PALMETTO
STATE GA
ZIP 302680000
MORT $ 38,700.00
BAL $ 38,508.35
RATE 9.750
PAI $ 506.09
CLTV 59.538
MATURITY 80316
FEE 0.5000
LOAN 0000022024889
LAST_NAME JUNG
ADDRESS 3711 S 4445 WEST
CITY WEST VALLEY
STATE UT
ZIP 841200000
MORT $ 53,000.00
BAL $ 52,645.32
RATE 8.850
PAI $ 532.84
CLTV 51.456
MATURITY 130313
FEE 0.5000
LOAN 0000022024913
LAST_NAME RUCKER
ADDRESS 54 RUSLING PLACE
CITY BRIDGEPORT
STATE CT
ZIP 066040000
MORT $124,000.00
BAL $ 124,000.00
RATE 7.950
PAI $ 905.55
CLTV 80.000
MATURITY 130504
FEE 0.5000
LOAN 0000022024939
LAST_NAME HUTCHESON
ADDRESS 142 TOTTEN DRIVE
CITY GREENWOOD
STATE IN
ZIP 461430000
MORT $ 45,500.00
BAL $ 45,101.15
RATE 7.950
PAI $ 433.51
CLTV 55.487
MATURITY 130217
FEE 0.5000
LOAN 0000022024954
LAST_NAME WILLIAMS
ADDRESS 1909 W LINDEN
CITY SOUTH BEND
STATE IN
ZIP 466280000
MORT $ 34,000.00
BAL $ 33,908.10
RATE 8.750
PAI $ 339.82
CLTV 63.079
MATURITY 130304
FEE 0.5000
LOAN 0000022024988
LAST_NAME BENNETT
ADDRESS 314 LOVE AND CARE ROAD
CITY SIX MILE
STATE SC
ZIP 296820000
MORT $ 45,900.00
BAL $ 45,724.09
RATE 10.300
PAI $ 452.11
CLTV 85.000
MATURITY 180206
FEE 0.5000
LOAN 0000022024996
LAST_NAME SCOTT
ADDRESS 403 E MAIN STREET
CITY CLEVELAND
STATE NC
ZIP 270130000
MORT $ 51,000.00
BAL $ 50,882.96
RATE 11.100
PAI $ 529.90
CLTV 85.000
MATURITY 180219
FEE 0.5000
LOAN 0000022025027
LAST_NAME WHITE
ADDRESS 5325 W 36TH STREET
CITY INDIANAPOLI
STATE IN
ZIP 462240000
MORT $ 56,500.00
BAL $ 56,206.72
RATE 7.900
PAI $ 469.08
CLTV 73.376
MATURITY 180224
FEE 0.5000
LOAN 0000022025050
LAST_NAME MALKUIAN
ADDRESS 1115 MONTEREY COURT
CITY TOLEDO
STATE OH
ZIP 436090000
MORT $ 24,500.00
BAL $ 24,237.21
RATE 8.990
PAI $ 248.35
CLTV 70.000
MATURITY 130116
FEE 0.5000
LOAN 0000022025068
LAST_NAME HERBST
ADDRESS 4364 MOUNTS ROAD
CITY ALEXANDRIA
STATE OH
ZIP 430010000
MORT $105,300.00
BAL $ 104,520.89
RATE 9.850
PAI $ 1,121.92
CLTV 90.000
MATURITY 130221
FEE 0.5000
LOAN 0000022025118
LAST_NAME PEARMAN
ADDRESS 7003 RUBIO AVENUE
CITY VAN NUYS
STATE CA
ZIP 914060000
MORT $ 33,900.00
BAL $ 33,538.35
RATE 8.500
PAI $ 420.31
CLTV 18.524
MATURITY 80313
FEE 0.5000
LOAN 0000022025134
LAST_NAME JOHNSON
ADDRESS 10501 SHALE AVENUE
CITY CLEVELAND
STATE OH
ZIP 441040000
MORT $ 31,000.00
BAL $ 30,842.64
RATE 9.490
PAI $ 323.53
CLTV 49.600
MATURITY 130302
FEE 0.5000
LOAN 0000022025142
LAST_NAME WILSON
ADDRESS 699 BRIDGETON AVENUE
CITY BRIDGETON
STATE NJ
ZIP 083020000
MORT $101,800.00
BAL $ 101,746.67
RATE 9.200
PAI $ 833.80
CLTV 59.882
MATURITY 280417
FEE 0.5000
LOAN 0000022025167
LAST_NAME HIPPS
ADDRESS 79 NEWFOUND STREET
CITY CANTON
STATE NC
ZIP 287160000
MORT $ 67,200.00
BAL $ 66,967.92
RATE 7.890
PAI $ 557.50
CLTV 80.000
MATURITY 180226
FEE 0.5000
LOAN 0000022025209
LAST_NAME OSANI
ADDRESS 60 KANE PLACE
CITY NORTH BABYL
STATE NY
ZIP 117030000
MORT $ 42,800.00
BAL $ 42,662.99
RATE 8.500
PAI $ 371.43
CLTV 30.681
MATURITY 180318
FEE 0.5000
LOAN 0000022025258
LAST_NAME CLARK
ADDRESS 124 E. 21ST STREET
CITY CITY OF PAT
STATE NJ
ZIP 075130000
MORT $126,800.00
BAL $ 126,314.08
RATE 10.300
PAI $ 1,248.96
CLTV 83.421
MATURITY 180325
FEE 0.5000
LOAN 0000022025274
LAST_NAME MEKKELSON
ADDRESS 1108 FLAGSTONE DRIVE
CITY DAYTONA BEA
STATE FL
ZIP 321180000
MORT $ 64,000.00
BAL $ 63,964.67
RATE 8.950
PAI $ 512.66
CLTV 63.054
MATURITY 280420
FEE 0.5000
LOAN 0000022025316
LAST_NAME USSERY
ADDRESS 2609 FRANKLIN STREET NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $ 66,000.00
BAL $ 65,926.87
RATE 8.950
PAI $ 528.68
CLTV 70.212
MATURITY 280309
FEE 0.5000
LOAN 0000022025340
LAST_NAME POTTER
ADDRESS 9215 PLANK ROAD
CITY REMSEN
STATE NY
ZIP 134380000
MORT $ 38,900.00
BAL $ 38,688.95
RATE 8.750
PAI $ 388.79
CLTV 59.846
MATURITY 130318
FEE 0.5000
LOAN 0000022025357
LAST_NAME RILEY
ADDRESS 4827 SINCLAIR LANE
CITY BALTIMORE
STATE MD
ZIP 212060000
MORT $ 52,000.00
BAL $ 51,703.99
RATE 8.250
PAI $ 504.48
CLTV 80.000
MATURITY 130309
FEE 0.5000
LOAN 0000022025373
LAST_NAME BATES
ADDRESS 2141 S POLLARD STREET
CITY ARLINGTON
STATE VA
ZIP 222040000
MORT $ 76,000.00
BAL $ 75,928.79
RATE 9.750
PAI $ 652.96
CLTV 70.370
MATURITY 130316
FEE 0.5000
LOAN 0000022025399
LAST_NAME MASON
ADDRESS 3426 24TH STREET SE
CITY WASHINGTON
STATE DC
ZIP 200030000
MORT $ 55,300.00
BAL $ 55,249.27
RATE 9.850
PAI $ 479.18
CLTV 70.000
MATURITY 130318
FEE 0.5000
LOAN 0000022025415
LAST_NAME SMITH
ADDRESS 5104 FLINTRIDGE DRIVE
CITY LANDOVER HI
STATE MD
ZIP 207840000
MORT $ 67,700.00
BAL $ 67,619.17
RATE 10.750
PAI $ 687.31
CLTV 79.647
MATURITY 180317
FEE 0.5000
LOAN 0000022025449
LAST_NAME BAILEY
ADDRESS 160 FORRESTER STREET SW
CITY WASHINGTON
STATE DC
ZIP 200320000
MORT $ 31,800.00
BAL $ 31,721.19
RATE 10.500
PAI $ 317.49
CLTV 42.400
MATURITY 180313
FEE 0.5000
LOAN 0000022025472
LAST_NAME LOCKE
ADDRESS 12551 6495 ROAD
CITY MONTROSE
STATE CO
ZIP 814010000
MORT $ 15,000.00
BAL $ 14,843.95
RATE 8.950
PAI $ 189.61
CLTV 22.222
MATURITY 80227
FEE 0.5000
LOAN 0000022025506
LAST_NAME MORRIS
ADDRESS 668 THIRD STREET SW
CITY WARREN
STATE OH
ZIP 444830000
MORT $ 12,222.00
BAL $ 11,893.31
RATE 8.600
PAI $ 251.35
CLTV 31.338
MATURITY 30302
FEE 0.5000
LOAN 0000022025522
LAST_NAME PEARSON
ADDRESS 8390 E 21ST STREET
CITY INDIANAPOLI
STATE IN
ZIP 462190000
MORT $108,000.00
BAL $ 107,875.56
RATE 10.700
PAI $ 1,004.11
CLTV 90.225
MATURITY 130220
FEE 0.5000
LOAN 0000022025530
LAST_NAME SPANGLER
ADDRESS 615 MERTON AVENUE
CITY AKRON
STATE OH
ZIP 443060000
MORT $ 46,800.00
BAL $ 46,778.16
RATE 9.750
PAI $ 402.09
CLTV 85.090
MATURITY 280421
FEE 0.5000
LOAN 0000022025548
LAST_NAME SILVER
ADDRESS 7416 1ST AVENUE
CITY HAMILTON TW
STATE NJ
ZIP 083300000
MORT $ 64,600.00
BAL $ 64,553.63
RATE 10.990
PAI $ 614.71
CLTV 85.000
MATURITY 130226
FEE 0.5000
LOAN 0000022025555
LAST_NAME COX
ADDRESS 2117 LANE AVE
CITY ELKHART
STATE IN
ZIP 465170000
MORT $ 22,330.00
BAL $ 22,088.43
RATE 8.250
PAI $ 273.89
CLTV 35.000
MATURITY 80311
FEE 0.5000
Page 36
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022025563
LAST_NAME FERNANDEZ
ADDRESS 5153 FOWLER AVENUE
CITY CLEVELAND
STATE OH
ZIP 441270000
MORT $ 54,000.00
BAL $ 53,756.67
RATE 10.790
PAI $ 606.67
CLTV 88.888
MATURITY 130306
FEE 0.5000
LOAN 0000022025613
LAST_NAME HAMMER
ADDRESS 9612 CHEROKEE
CITY TAYLOR
STATE MI
ZIP 481800000
MORT $ 34,000.00
BAL $ 33,663.30
RATE 8.750
PAI $ 339.82
CLTV 73.913
MATURITY 130220
FEE 0.5000
LOAN 0000022025621
LAST_NAME VANN
ADDRESS 30 SKYLARK DRIVE
CITY NORTHFORD
STATE CT
ZIP 064720000
MORT $120,000.00
BAL $ 120,000.00
RATE 9.300
PAI $ 991.56
CLTV 80.000
MATURITY 280501
FEE 0.5000
LOAN 0000022025639
LAST_NAME RODRIGUEZ
ADDRESS 35 PROSPECT AVENUE
CITY BRENTWOOD
STATE NY
ZIP 117170000
MORT $ 99,000.00
BAL $ 98,885.68
RATE 8.750
PAI $ 778.83
CLTV 75.000
MATURITY 280319
FEE 0.5000
LOAN 0000022025688
LAST_NAME OWENS
ADDRESS 1007 W 14TH STREET
CITY LAKELAND
STATE FL
ZIP 338050000
MORT $ 47,200.00
BAL $ 46,696.47
RATE 8.500
PAI $ 585.21
CLTV 80.000
MATURITY 80317
FEE 0.5000
LOAN 0000022025696
LAST_NAME WALKER
ADDRESS 712 CYNTHIA DRIVE
CITY JEFFERSON C
STATE TN
ZIP 377600000
MORT $ 71,200.00
BAL $ 70,965.73
RATE 9.200
PAI $ 649.80
CLTV 80.000
MATURITY 180228
FEE 0.5000
LOAN 0000022025712
LAST_NAME LAWRENCE
ADDRESS 11803 -11805 SAYWELL AVEN
CITY CLEVELAND
STATE OH
ZIP 441080000
MORT $ 50,000.00
BAL $ 49,855.32
RATE 9.300
PAI $ 459.56
CLTV 80.000
MATURITY 180309
FEE 0.5000
LOAN 0000022025720
LAST_NAME MONTGOMERY
ADDRESS 406 JAMES AVENUE
CITY HARTSVILLE
STATE SC
ZIP 295500000
MORT $ 41,400.00
BAL $ 41,400.00
RATE 9.800
PAI $ 439.84
CLTV 90.000
MATURITY 130408
FEE 0.5000
LOAN 0000022025738
LAST_NAME JOHNSON
ADDRESS 7142 HARLOW ROAD
CITY HIGHPOINT
STATE NC
ZIP 272630000
MORT $ 48,750.00
BAL $ 48,725.50
RATE 9.400
PAI $ 406.37
CLTV 75.000
MATURITY 130401
FEE 0.5000
LOAN 0000022025753
LAST_NAME PANDOLFI
ADDRESS 35 BORDEAUX DRIVE
CITY PARSIPPANY
STATE NJ
ZIP 070540000
MORT $216,700.00
BAL $ 216,494.81
RATE 9.700
PAI $ 1,853.84
CLTV 84.980
MATURITY 130220
FEE 0.5000
LOAN 0000022025761
LAST_NAME SCHMIDT
ADDRESS 8849 KENNEDY ROAD
CITY YORKVILLE
STATE IL
ZIP 605600000
MORT $129,600.00
BAL $ 129,517.35
RATE 8.250
PAI $ 973.65
CLTV 80.000
MATURITY 280427
FEE 0.5000
LOAN 0000022025779
LAST_NAME DICKENS
ADDRESS 1074 MERCER AVENUE
CITY AKRON
STATE OH
ZIP 443200000
MORT $ 48,000.00
BAL $ 47,877.10
RATE 9.350
PAI $ 496.90
CLTV 80.000
MATURITY 130504
FEE 0.5000
LOAN 0000022025852
LAST_NAME NOE
ADDRESS 638 DUNCAN STREET
CITY EDINBURGH
STATE IN
ZIP 461240000
MORT $ 41,600.00
BAL $ 41,523.60
RATE 8.500
PAI $ 319.87
CLTV 80.000
MATURITY 130214
FEE 0.5000
LOAN 0000022025886
LAST_NAME SYMON
ADDRESS 726 IRISH ROAD
CITY DUNDEE
STATE MI
ZIP 481310000
MORT $ 67,500.00
BAL $ 67,160.93
RATE 9.550
PAI $ 570.05
CLTV 90.000
MATURITY 130303
FEE 0.5000
LOAN 0000022025969
LAST_NAME STEPHENSON
ADDRESS 2806 8TH STREET
CITY EAST MOLINE
STATE IL
ZIP 612440000
MORT $ 62,200.00
BAL $ 61,990.60
RATE 8.500
PAI $ 539.79
CLTV 77.750
MATURITY 180326
FEE 0.5000
LOAN 0000022025977
LAST_NAME SMALLING
ADDRESS 405 W MAIN STREET
CITY BABYLON
STATE NY
ZIP 117020000
MORT $100,000.00
BAL $ 98,805.93
RATE 8.500
PAI $ 867.82
CLTV 76.923
MATURITY 180316
FEE 0.5000
LOAN 0000022025985
LAST_NAME YORKIS
ADDRESS 8 CIRCLE DRIVE
CITY EARLVILLE
STATE IL
ZIP 605180000
MORT $ 81,000.00
BAL $ 80,616.25
RATE 10.250
PAI $ 882.87
CLTV 90.000
MATURITY 130218
FEE 0.5000
LOAN 0000022026009
LAST_NAME YATES
ADDRESS 3305 W COUNTRY N. ROAD #3
CITY NORTH VERNO
STATE IN
ZIP 472650000
MORT $ 44,500.00
BAL $ 44,357.56
RATE 8.500
PAI $ 386.18
CLTV 64.963
MATURITY 180318
FEE 0.5000
LOAN 0000022026017
LAST_NAME LEE
ADDRESS 1316 AVENUE V
CITY BROOKLYN
STATE NY
ZIP 112290000
MORT $199,000.00
BAL $ 198,803.46
RATE 9.500
PAI $ 1,673.30
CLTV 63.174
MATURITY 130316
FEE 0.5000
LOAN 0000022026033
LAST_NAME DIPERI
ADDRESS 28 OLD LASHER ROAD
CITY SAUGERTIES
STATE NY
ZIP 124770000
MORT $ 56,000.00
BAL $ 55,826.27
RATE 8.750
PAI $ 494.88
CLTV 80.000
MATURITY 180326
FEE 0.5000
LOAN 0000022026066
LAST_NAME WILLINGHAM
ADDRESS 818 W 6TH STREET
CITY MISHAWAKA
STATE IN
ZIP 465440000
MORT $ 24,000.00
BAL $ 23,799.34
RATE 9.990
PAI $ 231.45
CLTV 65.297
MATURITY 180226
FEE 0.5000
LOAN 0000022026074
LAST_NAME JUSTICE
ADDRESS 120 E 3RD STREET
CITY LEHIGH
STATE FL
ZIP 339360000
MORT $ 41,000.00
BAL $ 40,657.31
RATE 8.490
PAI $ 403.50
CLTV 78.846
MATURITY 130202
FEE 0.5000
LOAN 0000022026082
LAST_NAME HARRIS
ADDRESS 2412 WALKER AVENUE
CITY INDIANAPOLI
STATE IN
ZIP 462030000
MORT $ 37,600.00
BAL $ 37,409.32
RATE 9.500
PAI $ 392.63
CLTV 80.000
MATURITY 130312
FEE 0.5000
LOAN 0000022026090
LAST_NAME KUKURKA
ADDRESS 212 MIRACLE ROAD
CITY TROY
STATE MI
ZIP 480840000
MORT $ 36,700.00
BAL $ 36,609.04
RATE 10.500
PAI $ 366.41
CLTV 70.325
MATURITY 180316
FEE 0.5000
LOAN 0000022026132
LAST_NAME GUENOT
ADDRESS 7 DOUGLAS DRIVE
CITY WATERLOO
STATE NY
ZIP 131650000
MORT $ 45,500.00
BAL $ 45,271.45
RATE 9.500
PAI $ 588.76
CLTV 82.727
MATURITY 80304
FEE 0.5000
LOAN 0000022026157
LAST_NAME DELUCA
ADDRESS 16 BERKSHIRE ROAD
CITY SCITUATE
STATE MA
ZIP 020600000
MORT $ 16,300.00
BAL $ 15,944.94
RATE 9.500
PAI $ 210.92
CLTV 7.951
MATURITY 80309
FEE 0.5000
LOAN 0000022026165
LAST_NAME STANLEY
ADDRESS 2973 WEST ALICE WAY
CITY WEST VALLEY
STATE UT
ZIP 841190000
MORT $ 10,820.00
BAL $ 10,820.00
RATE 10.200
PAI $ 117.60
CLTV 85.000
MATURITY 130528
FEE 0.5000
LOAN 0000022026173
LAST_NAME BLACKSTOCK
ADDRESS 1013 POTTER AVE
CITY BESSEMER
STATE AL
ZIP 350200000
MORT $ 21,800.00
BAL $ 21,008.88
RATE 12.850
PAI $ 494.35
CLTV 78.741
MATURITY 30115
FEE 0.5000
LOAN 0000022026181
LAST_NAME MCCANN
ADDRESS 353 MAYNARD DRIVE
CITY AMHERST
STATE NY
ZIP 142260000
MORT $ 20,100.00
BAL $ 20,005.47
RATE 10.650
PAI $ 272.92
CLTV 84.264
MATURITY 80309
FEE 0.5000
LOAN 0000022026207
LAST_NAME BLANKENSHIP
ADDRESS 3629 N NC HWY 16
CITY MILLERS CRE
STATE NC
ZIP 286510000
MORT $ 45,050.00
BAL $ 45,015.85
RATE 11.100
PAI $ 432.43
CLTV 85.000
MATURITY 130217
FEE 0.5000
LOAN 0000022026215
LAST_NAME CALDWELL
ADDRESS 16028 CANYON RIDGE ROAD
CITY LEO
STATE IN
ZIP 467650000
MORT $ 96,000.00
BAL $ 95,745.79
RATE 9.990
PAI $ 925.78
CLTV 63.157
MATURITY 180316
FEE 0.5000
LOAN 0000022026280
LAST_NAME GIPSON
ADDRESS 6901 MAPLE ST
CITY STOCKWELL
STATE IN
ZIP 479830000
MORT $ 67,500.00
BAL $ 67,438.74
RATE 9.900
PAI $ 587.38
CLTV 90.000
MATURITY 280302
FEE 0.5000
LOAN 0000022026306
LAST_NAME PLAIN
ADDRESS 110 HICKORY STREET
CITY WEST HAVEN
STATE CT
ZIP 065160000
MORT $ 86,000.00
BAL $ 85,892.16
RATE 8.350
PAI $ 652.15
CLTV 69.918
MATURITY 280304
FEE 0.5000
LOAN 0000022026322
LAST_NAME BIELSKI
ADDRESS 1 SLOPE DRIVE
CITY MANSFIELD
STATE NJ
ZIP 078400000
MORT $ 40,000.00
BAL $ 37,566.50
RATE 8.750
PAI $ 399.78
CLTV 25.806
MATURITY 130312
FEE 0.5000
LOAN 0000022026330
LAST_NAME KRUGER
ADDRESS 768 MIDLINE ROAD
CITY AMSTERDAM
STATE NY
ZIP 120100000
MORT $ 40,900.00
BAL $ 40,614.51
RATE 10.500
PAI $ 452.11
CLTV 66.236
MATURITY 130312
FEE 0.5000
LOAN 0000022026355
LAST_NAME BRINKLEY
ADDRESS 6230 E CHARTER OAK ROAD
CITY SCOTTSDALE
STATE AZ
ZIP 857540000
MORT $ 57,000.00
BAL $ 56,849.07
RATE 9.990
PAI $ 549.68
CLTV 69.950
MATURITY 180319
FEE 0.5000
LOAN 0000022026397
LAST_NAME MCCOOL
ADDRESS 12616 PORTGAGE WAY
CITY FISHERS
STATE IN
ZIP 460380000
MORT $170,000.00
BAL $ 169,746.87
RATE 7.500
PAI $ 1,188.67
CLTV 73.593
MATURITY 130302
FEE 0.5000
LOAN 0000022026405
LAST_NAME REDMER
ADDRESS 34 W MORRIS ROAD
CITY BANTAM
STATE CT
ZIP 067500000
MORT $109,700.00
BAL $ 109,700.00
RATE 8.350
PAI $ 831.86
CLTV 77.253
MATURITY 130413
FEE 0.5000
LOAN 0000022026421
LAST_NAME EPPS
ADDRESS 1532 BRYSON STREET
CITY YOUNGSTOWN
STATE OH
ZIP 445050000
MORT $ 28,000.00
BAL $ 27,848.75
RATE 8.800
PAI $ 280.68
CLTV 80.000
MATURITY 130304
FEE 0.5000
LOAN 0000022026439
LAST_NAME SMITH
ADDRESS 6119 WOODMONT AVENUE
CITY CINCINNATI
STATE OH
ZIP 452130000
MORT $ 23,420.00
BAL $ 23,392.94
RATE 8.750
PAI $ 184.25
CLTV 30.415
MATURITY 130318
FEE 0.5000
LOAN 0000022026462
LAST_NAME SALLA
ADDRESS 308 N CLINTON
CITY BOSWELL
STATE IN
ZIP 479210000
MORT $ 44,000.00
BAL $ 43,947.03
RATE 8.550
PAI $ 339.89
CLTV 80.000
MATURITY 280323
FEE 0.5000
Page 37
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022026488
LAST_NAME FAZZINGO
ADDRESS 85 ROME SCHOOL ROAD
CITY JOHNSON
STATE NY
ZIP 109330000
MORT $113,900.00
BAL $ 113,798.60
RATE 9.990
PAI $ 998.71
CLTV 85.000
MATURITY 280320
FEE 0.5000
LOAN 0000022026512
LAST_NAME CYR
ADDRESS 19 JOYCE AVENUE
CITY MASSAPEQUA
STATE NY
ZIP 117580000
MORT $103,500.00
BAL $ 103,182.94
RATE 8.850
PAI $ 921.26
CLTV 73.404
MATURITY 180312
FEE 0.5000
LOAN 0000022026546
LAST_NAME RODGERS
ADDRESS 1234 THOMPSON AVENUE
CITY SEVERN
STATE MD
ZIP 211440000
MORT $ 46,150.00
BAL $ 45,927.41
RATE 10.050
PAI $ 497.34
CLTV 79.922
MATURITY 130311
FEE 0.5000
LOAN 0000022026561
LAST_NAME TURNER
ADDRESS 116-11 127TH STREET
CITY SOUTH OZONE
STATE NY
ZIP 114200000
MORT $104,000.00
BAL $ 103,646.11
RATE 8.350
PAI $ 892.69
CLTV 52.000
MATURITY 180302
FEE 0.5000
LOAN 0000022026587
LAST_NAME COLEMAN
ADDRESS 5242 GALAWAY DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282150000
MORT $ 79,800.00
BAL $ 79,386.06
RATE 9.250
PAI $ 821.30
CLTV 84.893
MATURITY 130323
FEE 0.5000
LOAN 0000022026694
LAST_NAME REYNOLDS
ADDRESS 1260 YUBA STREET
CITY AURORA
STATE CO
ZIP 800110000
MORT $ 44,300.00
BAL $ 43,833.95
RATE 8.750
PAI $ 555.20
CLTV 46.145
MATURITY 80313
FEE 0.5000
LOAN 0000022026702
LAST_NAME SCHUMAKER
ADDRESS 539 LAURELTON ROAD
CITY ROCHESTER
STATE NY
ZIP 146090000
MORT $ 65,700.00
BAL $ 65,502.26
RATE 8.990
PAI $ 590.70
CLTV 75.517
MATURITY 180310
FEE 0.5000
LOAN 0000022026710
LAST_NAME WYCHE
ADDRESS 812 SOUTH AVENUE
CITY NEWPORT NEW
STATE VA
ZIP 236050000
MORT $ 71,250.00
BAL $ 71,218.14
RATE 9.950
PAI $ 622.64
CLTV 75.000
MATURITY 130423
FEE 0.5000
LOAN 0000022026728
LAST_NAME MARSH-ALLEN
ADDRESS 5668 CENTERVILLE ROAD
CITY WILLIAMSBUR
STATE VA
ZIP 231880000
MORT $ 48,000.00
BAL $ 47,599.16
RATE 8.500
PAI $ 472.67
CLTV 75.000
MATURITY 130319
FEE 0.5000
LOAN 0000022026736
LAST_NAME PALMIERI
ADDRESS 718 ARTHUR STREET
CITY UTICA
STATE NY
ZIP 135010000
MORT $ 80,000.00
BAL $ 78,895.40
RATE 8.250
PAI $ 981.22
CLTV 80.000
MATURITY 80312
FEE 0.5000
LOAN 0000022026744
LAST_NAME MOSCATO
ADDRESS 26 D'ANNUNZIO AVENUE
CITY ENFIELD
STATE CT
ZIP 060820000
MORT $105,600.00
BAL $ 105,464.86
RATE 8.250
PAI $ 793.34
CLTV 80.000
MATURITY 280323
FEE 0.5000
LOAN 0000022026751
LAST_NAME SHAW
ADDRESS 17 GRANGER STREET
CITY QUINCY
STATE MA
ZIP 021700000
MORT $138,500.00
BAL $ 138,416.39
RATE 8.550
PAI $ 1,069.85
CLTV 75.683
MATURITY 280414
FEE 0.5000
LOAN 0000022026835
LAST_NAME KING
ADDRESS 3030 FAISON HIGHWAY
CITY CLINTON
STATE NC
ZIP 283280000
MORT $ 60,750.00
BAL $ 60,602.36
RATE 10.650
PAI $ 612.65
CLTV 90.000
MATURITY 180325
FEE 0.5000
LOAN 0000022026850
LAST_NAME MCFARLAND
ADDRESS 110 LAKE FOREST DRIVE
CITY LYNCHBURG
STATE VA
ZIP 245020000
MORT $108,000.00
BAL $ 107,280.56
RATE 8.250
PAI $ 811.37
CLTV 75.000
MATURITY 130310
FEE 0.5000
LOAN 0000022026868
LAST_NAME ROCHETTI
ADDRESS 43 FOREST ROAD
CITY WALLKILL
STATE NY
ZIP 125890000
MORT $ 55,000.00
BAL $ 54,909.49
RATE 8.250
PAI $ 468.64
CLTV 73.333
MATURITY 180318
FEE 0.5000
LOAN 0000022026884
LAST_NAME DRAKE
ADDRESS 525 N BRICE STREET
CITY BALTIMORE
STATE MD
ZIP 212230000
MORT $ 30,000.00
BAL $ 29,915.39
RATE 9.500
PAI $ 279.64
CLTV 75.000
MATURITY 180309
FEE 0.5000
LOAN 0000022026934
LAST_NAME IVESTER
ADDRESS 727 EAST STREET
CITY DEDHAM
STATE MA
ZIP 020260000
MORT $142,500.00
BAL $ 142,100.66
RATE 9.550
PAI $ 1,332.94
CLTV 73.834
MATURITY 180210
FEE 0.5000
LOAN 0000022026991
LAST_NAME HOLMES, .
ADDRESS 22051 MARSHCREEK ROAD
CITY PRESTON
STATE MD
ZIP 216550000
MORT $ 88,400.00
BAL $ 88,045.57
RATE 9.950
PAI $ 850.15
CLTV 85.000
MATURITY 180220
FEE 0.5000
LOAN 0000022027015
LAST_NAME BEAN
ADDRESS 44 KELLOGG AVENUE
CITY FEEDING HIL
STATE MA
ZIP 010300000
MORT $ 81,700.00
BAL $ 81,471.05
RATE 9.550
PAI $ 764.22
CLTV 51.062
MATURITY 180306
FEE 0.5000
LOAN 0000022027031
LAST_NAME ROSSI
ADDRESS 7 SPRUCE RIDGE DRIVE
CITY GLOCESTER
STATE RI
ZIP 028140000
MORT $126,000.00
BAL $ 125,944.25
RATE 10.000
PAI $ 1,105.75
CLTV 90.000
MATURITY 130413
FEE 0.5000
LOAN 0000022027122
LAST_NAME LIS
ADDRESS 392 VLIET BOULEVARD
CITY COHOES
STATE NY
ZIP 120470000
MORT $ 32,200.00
BAL $ 32,117.31
RATE 10.990
PAI $ 332.15
CLTV 84.950
MATURITY 180105
FEE 0.5000
LOAN 0000022027155
LAST_NAME HOPKINS
ADDRESS 7 KATHERINE DRIVE
CITY JOHNSTON
STATE RI
ZIP 029190000
MORT $ 35,500.00
BAL $ 35,500.00
RATE 8.850
PAI $ 315.99
CLTV 33.809
MATURITY 180406
FEE 0.5000
LOAN 0000022027171
LAST_NAME LEVESQUE
ADDRESS 16 ELM STREET
CITY SWANSEA
STATE MA
ZIP 027770000
MORT $ 64,600.00
BAL $ 64,249.53
RATE 8.750
PAI $ 645.64
CLTV 48.754
MATURITY 130304
FEE 0.5000
LOAN 0000022027189
LAST_NAME WATSON
ADDRESS 112 WAVERLY AVENUE
CITY BROOKLYN
STATE NY
ZIP 112050000
MORT $ 74,100.00
BAL $ 73,697.98
RATE 8.750
PAI $ 740.59
CLTV 57.000
MATURITY 130320
FEE 0.5000
LOAN 0000022027205
LAST_NAME LEVY
ADDRESS 17 LAMARR AVENUE
CITY MELVILLE
STATE NY
ZIP 117470000
MORT $ 53,300.00
BAL $ 52,155.86
RATE 8.500
PAI $ 947.59
CLTV 79.987
MATURITY 40225
FEE 0.5000
LOAN 0000022027239
LAST_NAME WHITE
ADDRESS 524 NW 2 STREET
CITY BOYNTON BEA
STATE FL
ZIP 334350000
MORT $ 53,600.00
BAL $ 53,600.00
RATE 8.700
PAI $ 534.13
CLTV 80.000
MATURITY 130428
FEE 0.5000
LOAN 0000022027247
LAST_NAME LAMKE
ADDRESS 2211 GLENVIEW DRIVE
CITY NAMPA
STATE ID
ZIP 836860000
MORT $ 64,000.00
BAL $ 63,819.91
RATE 8.300
PAI $ 622.76
CLTV 80.000
MATURITY 130413
FEE 0.5000
LOAN 0000022027270
LAST_NAME BIGGS
ADDRESS 249 SOUTH CLINTON STREET
CITY CITY OF ORA
STATE NJ
ZIP 070180000
MORT $112,000.00
BAL $ 111,581.79
RATE 10.500
PAI $ 1,118.19
CLTV 78.873
MATURITY 180223
FEE 0.5000
LOAN 0000022027338
LAST_NAME DUTCHER
ADDRESS 62 SECOND AVENUE
CITY MAYFIELD
STATE NY
ZIP 121170000
MORT $ 55,000.00
BAL $ 54,675.14
RATE 8.250
PAI $ 533.58
CLTV 74.324
MATURITY 130316
FEE 0.5000
LOAN 0000022027387
LAST_NAME RUIZ
ADDRESS 418 46TH STREET
CITY BROOKLYN
STATE NY
ZIP 112200000
MORT $126,000.00
BAL $ 125,594.14
RATE 8.450
PAI $ 1,089.47
CLTV 70.000
MATURITY 180318
FEE 0.5000
LOAN 0000022027411
LAST_NAME CLONEY
ADDRESS P-139 QUEENS ROAD
CITY TORRINGTON
STATE CT
ZIP 067900000
MORT $ 51,000.00
BAL $ 50,754.24
RATE 8.500
PAI $ 442.59
CLTV 73.913
MATURITY 180227
FEE 0.5000
LOAN 0000022027452
LAST_NAME MC CLUSKEY
ADDRESS 34 ROCKWELL AVENUE
CITY BRISTOL
STATE CT
ZIP 060100000
MORT $ 64,700.00
BAL $ 64,603.00
RATE 8.990
PAI $ 581.71
CLTV 62.211
MATURITY 180401
FEE 0.5000
LOAN 0000022027478
LAST_NAME KIDD
ADDRESS 46 HOLBROOK ROAD
CITY HOLBROOK
STATE NY
ZIP 117410000
MORT $ 18,000.00
BAL $ 17,813.16
RATE 8.990
PAI $ 227.92
CLTV 71.975
MATURITY 80324
FEE 0.5000
LOAN 0000022027502
LAST_NAME SMITHERMAN
ADDRESS 1920 RATHMELL ROAD
CITY COLUMBUS
STATE OH
ZIP 432070000
MORT $136,000.00
BAL $ 135,766.22
RATE 7.900
PAI $ 1,129.11
CLTV 80.000
MATURITY 180423
FEE 0.5000
LOAN 0000022027528
LAST_NAME SMITHERMAN
ADDRESS 699 BREATHITT
CITY COLUMBUS
STATE OH
ZIP 432070000
MORT $ 50,500.00
BAL $ 50,359.16
RATE 8.400
PAI $ 494.34
CLTV 67.333
MATURITY 130423
FEE 0.5000
LOAN 0000022027551
LAST_NAME PRIDEMORE
ADDRESS 1820 SLOAN AVENUE
CITY INDIANAPOLI
STATE IN
ZIP 462030000
MORT $ 55,250.00
BAL $ 55,089.12
RATE 9.250
PAI $ 506.02
CLTV 85.000
MATURITY 180325
FEE 0.5000
LOAN 0000022027593
LAST_NAME VERBRIDGE
ADDRESS 409 W JACKSON STREET
CITY PALMYRA
STATE NY
ZIP 145220000
MORT $ 55,000.00
BAL $ 54,829.38
RATE 8.750
PAI $ 486.04
CLTV 78.571
MATURITY 180324
FEE 0.5000
LOAN 0000022027627
LAST_NAME BISCHOFF,III
ADDRESS 502 CASHUA STREET
CITY DARLINGTON
STATE SC
ZIP 295320000
MORT $146,625.00
BAL $ 146,534.33
RATE 8.400
PAI $ 1,117.05
CLTV 85.000
MATURITY 130504
FEE 0.5000
LOAN 0000022027650
LAST_NAME DIBLASI
ADDRESS 1602 LAKELAND AVENUE
CITY MCHENERY
STATE IL
ZIP 600500000
MORT $ 22,700.00
BAL $ 22,365.33
RATE 9.750
PAI $ 240.48
CLTV 53.135
MATURITY 130324
FEE 0.5000
LOAN 0000022027676
LAST_NAME DIMAANO
ADDRESS 80-47 160TH STREET
CITY JAMAICA
STATE NY
ZIP 114320000
MORT $144,000.00
BAL $ 143,812.76
RATE 8.500
PAI $ 1,107.24
CLTV 80.000
MATURITY 280410
FEE 0.5000
LOAN 0000022027718
LAST_NAME MARTIN
ADDRESS 85 OLD PINE ROAD
CITY NARRAGANSET
STATE RI
ZIP 028820000
MORT $ 13,550.00
BAL $ 13,331.03
RATE 11.990
PAI $ 194.33
CLTV 83.347
MATURITY 80303
FEE 0.5000
Page 38
<PAGE>
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022027726
LAST_NAME SILVA
ADDRESS 2723 BRITT WAY
CITY SAN JOSE
STATE CA
ZIP 951480000
MORT $ 50,000.00
BAL $ 50,000.00
RATE 9.450
PAI $ 520.61
CLTV 73.276
MATURITY 130528
FEE 0.5000
LOAN 0000022027742
LAST_NAME PLACHY
ADDRESS 28305 W. BURNETTE ROAD
CITY ISLAND LAKE
STATE IL
ZIP 600420000
MORT $ 50,000.00
BAL $ 49,876.08
RATE 10.500
PAI $ 499.19
CLTV 74.466
MATURITY 180320
FEE 0.5000
LOAN 0000022027767
LAST_NAME CAVE
ADDRESS 83 OAKDALE AVENUE
CITY SELDEN
STATE NY
ZIP 117840000
MORT $ 88,000.00
BAL $ 86,576.19
RATE 8.750
PAI $ 879.51
CLTV 80.000
MATURITY 130318
FEE 0.5000
LOAN 0000022027783
LAST_NAME CHANDLER
ADDRESS 3814 STUART AVENUE
CITY DENVER
STATE CO
ZIP 802120000
MORT $ 51,600.00
BAL $ 51,351.60
RATE 8.750
PAI $ 455.99
CLTV 28.666
MATURITY 180324
FEE 0.5000
LOAN 0000022027791
LAST_NAME KIHLE
ADDRESS 1024 E. CUNNINGHAM DRIVE
CITY PALATINE
STATE IL
ZIP 600670000
MORT $ 18,000.00
BAL $ 17,841.58
RATE 9.750
PAI $ 190.69
CLTV 75.200
MATURITY 130312
FEE 0.5000
LOAN 0000022027809
LAST_NAME WILKE
ADDRESS 2824 N 62ND STREET
CITY MILWAUKEE
STATE WI
ZIP 532100000
MORT $ 75,600.00
BAL $ 75,413.51
RATE 10.590
PAI $ 759.36
CLTV 90.000
MATURITY 180325
FEE 0.5000
LOAN 0000022027825
LAST_NAME TIDWELL
ADDRESS 357 E LANE
CITY AMERICAN FO
STATE UT
ZIP 840030000
MORT $ 28,400.00
BAL $ 28,262.27
RATE 9.990
PAI $ 305.01
CLTV 71.094
MATURITY 130313
FEE 0.5000
LOAN 0000022027858
LAST_NAME GRAHAM
ADDRESS 11441 WAESCHE DRIVE
CITY MITCHELLVIL
STATE MD
ZIP 207210000
MORT $ 25,750.00
BAL $ 25,542.96
RATE 11.750
PAI $ 304.91
CLTV 84.761
MATURITY 130310
FEE 0.5000
LOAN 0000022027874
LAST_NAME CROWE
ADDRESS 207 HALLS BRIDGE ROAD
CITY INMAN
STATE SC
ZIP 293490000
MORT $118,400.00
BAL $ 118,246.94
RATE 8.200
PAI $ 885.34
CLTV 80.000
MATURITY 280316
FEE 0.5000
LOAN 0000022027890
LAST_NAME LEE
ADDRESS 204 SIERRA POINT
CITY GLEN CARBON
STATE IL
ZIP 620340000
MORT $254,000.00
BAL $ 253,700.54
RATE 8.650
PAI $ 1,980.11
CLTV 89.911
MATURITY 280323
FEE 0.5000
LOAN 0000022027908
LAST_NAME TILLMAN
ADDRESS 7325 NECTAR LANE
CITY KEYSTONE HE
STATE FL
ZIP 326560000
MORT $ 40,300.00
BAL $ 40,113.95
RATE 8.750
PAI $ 317.04
CLTV 65.000
MATURITY 280109
FEE 0.5000
LOAN 0000022027916
LAST_NAME HOFFMAN
ADDRESS 339 REDWOOD GROVE COURT
CITY MILLERSVILL
STATE MD
ZIP 211080000
MORT $220,500.00
BAL $ 219,828.80
RATE 8.900
PAI $ 1,969.74
CLTV 90.000
MATURITY 180323
FEE 0.5000
LOAN 0000022027924
LAST_NAME CONLON
ADDRESS 448 S KENDALL STREET
CITY LAKEWOOD
STATE CO
ZIP 802260000
MORT $ 96,800.00
BAL $ 96,577.08
RATE 8.800
PAI $ 764.99
CLTV 80.000
MATURITY 280119
FEE 0.5000
LOAN 0000022027932
LAST_NAME MOORE
ADDRESS 4280 ROKEBY ROAD
CITY BALTIMORE
STATE MD
ZIP 212290000
MORT $ 15,500.00
BAL $ 15,300.63
RATE 10.150
PAI $ 330.47
CLTV 66.428
MATURITY 30323
FEE 0.5000
LOAN 0000022027973
LAST_NAME KIMBLE
ADDRESS 6205 ALLISON DRIVE
CITY FLINT
STATE MI
ZIP 485040000
MORT $ 55,250.00
BAL $ 55,197.11
RATE 9.650
PAI $ 470.64
CLTV 85.000
MATURITY 130317
FEE 0.5000
LOAN 0000022027981
LAST_NAME THOMPSON
ADDRESS 943 WALDEN BOULEVARD SE
CITY PALM BAY
STATE FL
ZIP 329090000
MORT $124,100.00
BAL $ 123,687.06
RATE 8.190
PAI $ 1,052.75
CLTV 85.000
MATURITY 180324
FEE 0.5000
LOAN 0000022027999
LAST_NAME STRUKAMP
ADDRESS 200 POPLAR STREET
CITY SHEBOYGAN F
STATE WI
ZIP 530850000
MORT $ 60,000.00
BAL $ 59,648.67
RATE 7.890
PAI $ 569.59
CLTV 71.428
MATURITY 130320
FEE 0.5000
LOAN 0000022028005
LAST_NAME NELSON
ADDRESS 25 S HUDSON STREET
CITY ALEXANDRIA
STATE VA
ZIP 223040000
MORT $111,300.00
BAL $ 111,224.51
RATE 11.250
PAI $ 1,081.01
CLTV 84.961
MATURITY 130323
FEE 0.5000
LOAN 0000022028013
LAST_NAME BEIDEMAN
ADDRESS 7734.W.FLORAL COURT
CITY FRANKFORT
STATE IL
ZIP 604230000
MORT $ 13,075.00
BAL $ 12,947.44
RATE 14.500
PAI $ 178.54
CLTV 84.982
MATURITY 121224
FEE 0.5000
LOAN 0000022028021
LAST_NAME LAPP
ADDRESS 8008 CARDIFF STREET
CITY LORTON
STATE VA
ZIP 220790000
MORT $160,000.00
BAL $ 159,584.98
RATE 10.150
PAI $ 1,559.97
CLTV 76.190
MATURITY 180316
FEE 0.5000
LOAN 0000022028039
LAST_NAME KIRBY
ADDRESS 15404 MT. SAVAGE ROAD
CITY MT. SAVAGE
STATE MD
ZIP 215450000
MORT $ 63,000.00
BAL $ 62,943.44
RATE 9.950
PAI $ 550.54
CLTV 90.000
MATURITY 130311
FEE 0.5000
LOAN 0000022028047
LAST_NAME DAVIDSON
ADDRESS 42 LAUREL AVENUE
CITY DANVILLE
STATE VA
ZIP 245410000
MORT $ 43,200.00
BAL $ 43,154.37
RATE 11.100
PAI $ 414.67
CLTV 90.000
MATURITY 130210
FEE 0.5000
LOAN 0000022028062
LAST_NAME CICHACKI
ADDRESS 910 S 101ST STREET
CITY WEST ALLIS
STATE WI
ZIP 532140000
MORT $ 37,700.00
BAL $ 37,490.09
RATE 8.500
PAI $ 371.25
CLTV 46.543
MATURITY 130323
FEE 0.5000
LOAN 0000022028070
LAST_NAME ZABOJNIK
ADDRESS 1437 WEST 7TH PLACE
CITY TEMPE
STATE AZ
ZIP 852810000
MORT $ 70,200.00
BAL $ 70,094.76
RATE 8.990
PAI $ 631.16
CLTV 77.142
MATURITY 180323
FEE 0.5000
LOAN 0000022028088
LAST_NAME CUNNINGHAM
ADDRESS 5062 JAY STREET NE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $ 61,500.00
BAL $ 60,945.16
RATE 8.750
PAI $ 483.82
CLTV 72.352
MATURITY 130317
FEE 0.5000
LOAN 0000022028096
LAST_NAME PASCO
ADDRESS 524 RUTH AVENUE
CITY LEAVITTSBUR
STATE OH
ZIP 444300000
MORT $ 52,500.00
BAL $ 52,500.00
RATE 8.150
PAI $ 444.05
CLTV 72.916
MATURITY 180420
FEE 0.5000
LOAN 0000022028112
LAST_NAME HAGAN
ADDRESS 627 HAGAN LANE
CITY FERNANDINA
STATE FL
ZIP 320340000
MORT $ 44,600.00
BAL $ 44,457.23
RATE 8.500
PAI $ 387.05
CLTV 74.333
MATURITY 180325
FEE 0.5000
LOAN 0000022028120
LAST_NAME ORRANGE
ADDRESS 902 MCCLINTOCK STREET
CITY LONGWOOD
STATE FL
ZIP 327500000
MORT $ 91,200.00
BAL $ 89,529.99
RATE 8.790
PAI $ 1,144.95
CLTV 80.000
MATURITY 80325
FEE 0.5000
LOAN 0000022028138
LAST_NAME MARINELLO
ADDRESS 642 VINCENT AVENUE
CITY BRONX
STATE NY
ZIP 104650000
MORT $153,000.00
BAL $ 153,000.00
RATE 11.875
PAI $ 1,559.08
CLTV 90.000
MATURITY 130424
FEE 0.5000
LOAN 0000022028146
LAST_NAME ELLIS
ADDRESS 55 CAROLYN LANE
CITY ROSSVILLE
STATE GA
ZIP 307410000
MORT $ 40,900.00
BAL $ 40,801.23
RATE 9.990
PAI $ 439.26
CLTV 63.318
MATURITY 130316
FEE 0.5000
LOAN 0000022028153
LAST_NAME BROWN
ADDRESS 309 WILLOW OAKS DRIVE
CITY OZARK
STATE AL
ZIP 363600000
MORT $ 81,000.00
BAL $ 80,918.09
RATE 11.300
PAI $ 789.80
CLTV 90.000
MATURITY 130202
FEE 0.5000
LOAN 0000022028161
LAST_NAME EVERETTE
ADDRESS 6125 SOUTH DAMEN AVENUE
CITY CHICAGO
STATE IL
ZIP 606360000
MORT $ 20,000.00
BAL $ 19,862.50
RATE 9.750
PAI $ 261.54
CLTV 73.934
MATURITY 80325
FEE 0.5000
LOAN 0000022028179
LAST_NAME DRAHEIM
ADDRESS 41130 JESSE DRIVE
CITY MECHANICSVI
STATE MD
ZIP 206590000
MORT $127,500.00
BAL $ 127,147.25
RATE 9.650
PAI $ 1,200.98
CLTV 85.000
MATURITY 180309
FEE 0.5000
LOAN 0000022028187
LAST_NAME WRIGHT
ADDRESS 2527 N CAPITOL STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 28,000.00
BAL $ 27,553.09
RATE 11.750
PAI $ 331.56
CLTV 45.469
MATURITY 130306
FEE 0.5000
LOAN 0000022028195
LAST_NAME NOGA
ADDRESS 840 REVERE AVENUE
CITY BRONX
STATE NY
ZIP 104650000
MORT $100,000.00
BAL $ 100,000.00
RATE 9.375
PAI $ 831.75
CLTV 55.865
MATURITY 280504
FEE 0.5000
LOAN 0000022028203
LAST_NAME ROWE
ADDRESS 141 D.E. CLARK ROAD
CITY PELION
STATE SC
ZIP 291230000
MORT $ 54,900.00
BAL $ 54,735.18
RATE 12.150
PAI $ 610.25
CLTV 90.000
MATURITY 180211
FEE 0.5000
LOAN 0000022028211
LAST_NAME CORP,III
ADDRESS 8451 PARTRIDGE WAY
CITY CLAY
STATE NY
ZIP 130410000
MORT $ 41,400.00
BAL $ 41,179.95
RATE 8.500
PAI $ 513.30
CLTV 56.712
MATURITY 80324
FEE 0.5000
LOAN 0000022028229
LAST_NAME BETTON
ADDRESS 1402 INDIANA AVENUE
CITY WOODBRIDGE
STATE VA
ZIP 221910000
MORT $ 91,000.00
BAL $ 90,927.36
RATE 10.500
PAI $ 832.41
CLTV 77.118
MATURITY 130311
FEE 0.5000
LOAN 0000022028237
LAST_NAME BARRICK
ADDRESS 647 SAILFISH ROAD
CITY WINTER SPRI
STATE FL
ZIP 327080000
MORT $ 88,000.00
BAL $ 87,524.26
RATE 8.790
PAI $ 881.60
CLTV 89.795
MATURITY 130317
FEE 0.5000
LOAN 0000022028252
LAST_NAME POOLE
ADDRESS 423 LEE VAUGHN ROAD
CITY SIMPSONVILL
STATE SC
ZIP 296810000
MORT $ 58,500.00
BAL $ 58,288.58
RATE 10.750
PAI $ 593.91
CLTV 90.000
MATURITY 180201
FEE 0.5000
LOAN 0000022028260
LAST_NAME WATSON
ADDRESS 5135 COUNTY ROAD 56
CITY AUBURN
STATE IN
ZIP 467060000
MORT $ 55,000.00
BAL $ 54,935.98
RATE 10.650
PAI $ 509.28
CLTV 79.710
MATURITY 130123
FEE 0.5000
Page 39
<PAGE>
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022028286
LAST_NAME CHAMBERLAIN
ADDRESS 208 HENSON ROAD
CITY GLEN BURNIE
STATE MD
ZIP 210600000
MORT $ 35,000.00
BAL $ 34,904.41
RATE 9.750
PAI $ 331.98
CLTV 29.411
MATURITY 180327
FEE 0.5000
LOAN 0000022028294
LAST_NAME BIGGS
ADDRESS 510 N ALMA SCHOOL #228
CITY MESA
STATE AZ
ZIP 882010000
MORT $ 45,900.00
BAL $ 45,811.00
RATE 9.400
PAI $ 382.61
CLTV 85.000
MATURITY 280128
FEE 0.5000
LOAN 0000022028310
LAST_NAME ALSTON
ADDRESS 6904 ADEL STREET
CITY SEAT PLEASA
STATE MD
ZIP 207430000
MORT $ 78,000.00
BAL $ 77,822.14
RATE 10.950
PAI $ 739.87
CLTV 77.227
MATURITY 130324
FEE 0.5000
LOAN 0000022028336
LAST_NAME ADKINS
ADDRESS 1096 DODGE LANE
CITY ROUNDO
STATE SC
ZIP 294740000
MORT $ 63,000.00
BAL $ 62,732.64
RATE 11.750
PAI $ 682.74
CLTV 90.000
MATURITY 171229
FEE 0.5000
LOAN 0000022028344
LAST_NAME BUNCH
ADDRESS 4561 C STREET SE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $ 70,000.00
BAL $ 69,947.05
RATE 10.750
PAI $ 653.44
CLTV 60.869
MATURITY 130304
FEE 0.5000
LOAN 0000022028369
LAST_NAME CORNELIUSSEN
ADDRESS 121 SW 35 ST
CITY OCALA
STATE FL
ZIP 344740000
MORT $ 58,650.00
BAL $ 58,565.48
RATE 9.650
PAI $ 499.59
CLTV 85.000
MATURITY 280202
FEE 0.5000
LOAN 0000022028377
LAST_NAME SHIPLEY
ADDRESS 3315 WHISPERING DRIVE NOR
CITY LARGO
STATE FL
ZIP 337710000
MORT $ 32,500.00
BAL $ 31,213.75
RATE 9.490
PAI $ 682.40
CLTV 72.674
MATURITY 30202
FEE 0.5000
LOAN 0000022028385
LAST_NAME CUTHBERTSON
ADDRESS 8500 VIOLA DR
CITY CHARLOTTE
STATE NC
ZIP 282150000
MORT $ 71,600.00
BAL $ 71,463.36
RATE 8.300
PAI $ 540.43
CLTV 80.000
MATURITY 280120
FEE 0.5000
LOAN 0000022028393
LAST_NAME BRITT
ADDRESS 4504 WRANGLER TRAIL
CITY SUMTER
STATE SC
ZIP 291540000
MORT $ 64,800.00
BAL $ 64,713.27
RATE 10.000
PAI $ 568.67
CLTV 90.000
MATURITY 280220
FEE 0.5000
LOAN 0000022028401
LAST_NAME STRAUB
ADDRESS 5175 LOCUST HILL ROAD
CITY TRAVELERS R
STATE SC
ZIP 296900000
MORT $ 50,000.00
BAL $ 49,823.98
RATE 10.950
PAI $ 514.39
CLTV 89.928
MATURITY 180213
FEE 0.5000
LOAN 0000022028435
LAST_NAME COX
ADDRESS 3815 CHA-LA-KEE RD.
CITY GUNTERSVILL
STATE AL
ZIP 359760000
MORT $ 48,000.00
BAL $ 47,929.84
RATE 10.950
PAI $ 455.30
CLTV 85.106
MATURITY 121203
FEE 0.5000
LOAN 0000022028443
LAST_NAME WHITT
ADDRESS 65 SARA STREET
CITY CHRISTIANBU
STATE VA
ZIP 240730000
MORT $ 68,800.00
BAL $ 68,507.31
RATE 8.800
PAI $ 543.71
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022028476
LAST_NAME KUHN
ADDRESS 227 PRIMROSE DRIVE
CITY SARVER
STATE PA
ZIP 160550000
MORT $ 97,000.00
BAL $ 97,000.00
RATE 7.900
PAI $ 921.40
CLTV 76.377
MATURITY 130520
FEE 0.5000
LOAN 0000022028484
LAST_NAME SMITH
ADDRESS 2165 E UNIVERSITY DR,
CITY MESA
STATE AZ
ZIP 852130000
MORT $ 53,600.00
BAL $ 53,475.29
RATE 8.750
PAI $ 421.67
CLTV 80.000
MATURITY 280105
FEE 0.5000
LOAN 0000022028492
LAST_NAME CLARK
ADDRESS 4841 N. BLACKSTOCK RD
CITY SPARTANBURG
STATE SC
ZIP 293030000
MORT $ 68,000.00
BAL $ 67,816.34
RATE 10.750
PAI $ 634.77
CLTV 81.927
MATURITY 130310
FEE 0.5000
LOAN 0000022028500
LAST_NAME HALSNE
ADDRESS 9180 LOCUST STREET
CITY FOSTORIA
STATE MI
ZIP 484350000
MORT $ 51,000.00
BAL $ 50,849.13
RATE 8.450
PAI $ 500.73
CLTV 77.862
MATURITY 130417
FEE 0.5000
LOAN 0000022028518
LAST_NAME WOZNIAK
ADDRESS 26 KIMBERLY LANE
CITY COLUMBUS
STATE MS
ZIP 397020000
MORT $ 63,000.00
BAL $ 62,946.95
RATE 10.250
PAI $ 564.54
CLTV 90.000
MATURITY 280318
FEE 0.5000
LOAN 0000022028534
LAST_NAME PARTRIDGE
ADDRESS 228 WENTZKY ROAD
CITY ANDERSON
STATE SC
ZIP 296240000
MORT $ 69,300.00
BAL $ 68,976.30
RATE 10.400
PAI $ 761.75
CLTV 90.000
MATURITY 130316
FEE 0.5000
LOAN 0000022028567
LAST_NAME HELMS
ADDRESS 615 N BRIDGE STREET
CITY WETUMPKA
STATE AL
ZIP 360920000
MORT $ 67,000.00
BAL $ 66,931.72
RATE 9.350
PAI $ 556.05
CLTV 78.823
MATURITY 280310
FEE 0.5000
LOAN 0000022028575
LAST_NAME MCDOLE
ADDRESS 2020 48TH PLACE WEST
CITY BIRMINGHAM
STATE AL
ZIP 352080000
MORT $ 16,750.00
BAL $ 16,686.95
RATE 12.700
PAI $ 208.63
CLTV 80.115
MATURITY 130317
FEE 0.5000
LOAN 0000022028583
LAST_NAME HARLEY
ADDRESS 2813 BOOKER STREET
CITY COLUMBIA
STATE SC
ZIP 292030000
MORT $ 20,000.00
BAL $ 19,818.52
RATE 11.350
PAI $ 279.48
CLTV 46.511
MATURITY 80305
FEE 0.5000
LOAN 0000022028591
LAST_NAME GREER
ADDRESS 2327 INDIAN RIDGE ESTATES
CITY MOBILE
STATE AL
ZIP 366950000
MORT $ 43,000.00
BAL $ 42,948.66
RATE 10.750
PAI $ 436.55
CLTV 46.739
MATURITY 180414
FEE 0.5000
LOAN 0000022028625
LAST_NAME BUTLER
ADDRESS 726 W 14TH ST
CITY FRONT ROYAL
STATE VA
ZIP 226300000
MORT $ 54,000.00
BAL $ 53,956.41
RATE 10.450
PAI $ 491.95
CLTV 75.000
MATURITY 130318
FEE 0.5000
LOAN 0000022028799
LAST_NAME PAGAN
ADDRESS 5537 W. DRUMMOND PLACE
CITY CHICAGO
STATE IL
ZIP 606390000
MORT $141,100.00
BAL $ 141,011.84
RATE 8.350
PAI $ 1,069.98
CLTV 85.000
MATURITY 280429
FEE 0.5000
LOAN 0000022028823
LAST_NAME CAMPOS
ADDRESS 850 KNOB HILL CIRCLE
CITY KISSIMMEE
STATE FL
ZIP 347440000
MORT $104,550.00
BAL $ 104,427.76
RATE 8.690
PAI $ 818.02
CLTV 85.000
MATURITY 130312
FEE 0.5000
LOAN 0000022028906
LAST_NAME GREEN
ADDRESS 2115 NE 17 TERRACE
CITY GAINESVILLE
STATE FL
ZIP 326060000
MORT $ 53,600.00
BAL $ 53,428.51
RATE 8.300
PAI $ 404.56
CLTV 80.000
MATURITY 280122
FEE 0.5000
LOAN 0000022028948
LAST_NAME WAGERS
ADDRESS 232 APACHE DRIVE
CITY PAINT LICK
STATE KY
ZIP 404610000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 10.300
PAI $ 200.73
CLTV 83.523
MATURITY 80528
FEE 0.5000
LOAN 0000022029011
LAST_NAME TEGLASH
ADDRESS 7238 HALL ROAD
CITY CASSADAGA
STATE NY
ZIP 147180000
MORT $ 30,000.00
BAL $ 29,918.91
RATE 8.750
PAI $ 299.84
CLTV 79.521
MATURITY 130427
FEE 0.5000
LOAN 0000022029052
LAST_NAME SEEVERS
ADDRESS 175 REHL ROAD
CITY ZANESVILLE
STATE OH
ZIP 437010000
MORT $ 41,200.00
BAL $ 40,957.52
RATE 8.800
PAI $ 365.40
CLTV 80.000
MATURITY 180203
FEE 0.5000
LOAN 0000022029060
LAST_NAME CORRIN
ADDRESS 2428 ONAHOM CIRCLE NE
CITY CANTON
STATE OH
ZIP 447050000
MORT $ 88,800.00
BAL $ 88,746.75
RATE 8.550
PAI $ 685.95
CLTV 80.000
MATURITY 280427
FEE 0.5000
LOAN 0000022029136
LAST_NAME MCCRACKEN
ADDRESS 11960 Q ROAD
CITY HOYT
STATE KS
ZIP 664400000
MORT $103,500.00
BAL $ 103,392.27
RATE 9.250
PAI $ 851.47
CLTV 90.000
MATURITY 280302
FEE 0.5000
LOAN 0000022029169
LAST_NAME RODRIGUEZ
ADDRESS 4506 BOLERO DRIVE
CITY SAN JOSE
STATE CA
ZIP 951110000
MORT $ 20,000.00
BAL $ 20,000.00
RATE 9.450
PAI $ 419.55
CLTV 50.439
MATURITY 30528
FEE 0.5000
LOAN 0000022029177
LAST_NAME JACKSON
ADDRESS 169 LAKE WILDWOOD DRIVE
CITY MACON
STATE GA
ZIP 312200000
MORT $ 74,850.00
BAL $ 74,850.00
RATE 10.750
PAI $ 698.72
CLTV 79.967
MATURITY 280501
FEE 0.5000
LOAN 0000022029185
LAST_NAME MCDONALD
ADDRESS 4887 OAK BRANCH LANE
CITY WALKERTOWN
STATE NC
ZIP 270510000
MORT $ 54,400.00
BAL $ 53,965.45
RATE 9.000
PAI $ 551.77
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000022029193
LAST_NAME THAXTON
ADDRESS 1706 JENNY LIND STREET
CITY MCKEESPORT
STATE PA
ZIP 151320000
MORT $ 45,000.00
BAL $ 44,577.28
RATE 9.850
PAI $ 479.46
CLTV 88.235
MATURITY 130306
FEE 0.5000
LOAN 0000022029227
LAST_NAME HUNT
ADDRESS 41 PINE HILL LANE
CITY DIX HILLS
STATE NY
ZIP 117460000
MORT $235,000.00
BAL $ 234,784.70
RATE 11.750
PAI $ 2,372.11
CLTV 78.333
MATURITY 280211
FEE 0.5000
LOAN 0000022029284
LAST_NAME BENNETT
ADDRESS 12788 N 66TH ST
CITY LONGMONT
STATE CO
ZIP 805030000
MORT $163,200.00
BAL $ 162,539.68
RATE 8.620
PAI $ 1,268.77
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022029318
LAST_NAME BARCOMB
ADDRESS 10-12 CANBY STREET
CITY HOLYOKE
STATE MA
ZIP 010400000
MORT $ 44,000.00
BAL $ 44,000.00
RATE 8.700
PAI $ 438.46
CLTV 57.142
MATURITY 130501
FEE 0.5000
LOAN 0000022029359
LAST_NAME PLUTNO
ADDRESS 1410 MANOR COURT
CITY MERRICK
STATE NY
ZIP 115660000
MORT $ 61,500.00
BAL $ 61,403.61
RATE 9.250
PAI $ 505.95
CLTV 69.784
MATURITY 130203
FEE 0.5000
LOAN 0000022029375
LAST_NAME FORCA
ADDRESS 925 5TH STREET
CITY WEST BABYLO
STATE NY
ZIP 117040000
MORT $156,400.00
BAL $ 156,264.10
RATE 11.990
PAI $ 1,607.55
CLTV 85.000
MATURITY 280201
FEE 0.5000
LOAN 0000022029516
LAST_NAME TEUSCHER
ADDRESS 1932 EVALINE
CITY HAMTRAMCK
STATE MI
ZIP 482120000
MORT $ 47,300.00
BAL $ 47,062.41
RATE 9.500
PAI $ 612.05
CLTV 78.833
MATURITY 80326
FEE 0.5000
Page 40
<PAGE>
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022029532
LAST_NAME GRASSI
ADDRESS 3036 ERWIN PL
CITY OCEANSIDE
STATE NY
ZIP 115720000
MORT $170,000.00
BAL $ 169,920.69
RATE 9.750
PAI $ 1,460.56
CLTV 87.179
MATURITY 130401
FEE 0.5000
LOAN 0000022029540
LAST_NAME FREYMAN
ADDRESS 39 W 259 GRAND AVENUE
CITY ELGIN
STATE IL
ZIP 601230000
MORT $121,400.00
BAL $ 121,099.13
RATE 10.500
PAI $ 1,212.03
CLTV 84.692
MATURITY 180326
FEE 0.5000
LOAN 0000022029557
LAST_NAME MIDDLETON
ADDRESS 2917 W. 12TH STREET
CITY CHESTER
STATE PA
ZIP 190130000
MORT $ 42,500.00
BAL $ 42,395.55
RATE 9.800
PAI $ 451.53
CLTV 85.000
MATURITY 130422
FEE 0.5000
LOAN 0000022029565
LAST_NAME FLOWERS
ADDRESS 3126 W. 3RD STREET
CITY CHESTER
STATE PA
ZIP 190130000
MORT $ 24,950.00
BAL $ 24,885.64
RATE 8.750
PAI $ 196.29
CLTV 71.285
MATURITY 280422
FEE 0.5000
LOAN 0000022029722
LAST_NAME HANSEN
ADDRESS 14917 BAUER DRIVE
CITY ROCKVILLE
STATE MD
ZIP 208530000
MORT $ 78,100.00
BAL $ 78,000.44
RATE 10.250
PAI $ 766.66
CLTV 84.947
MATURITY 180326
FEE 0.5000
LOAN 0000022029748
LAST_NAME SHARPE
ADDRESS 1905 DILMONT AMOUNT
CITY GREELEY
STATE CO
ZIP 806310000
MORT $ 38,500.00
BAL $ 37,706.66
RATE 8.250
PAI $ 328.05
CLTV 39.285
MATURITY 180319
FEE 0.5000
LOAN 0000022029839
LAST_NAME ALLEN
ADDRESS 915 MIDWAY AVENUE
CITY DURHAM
STATE NC
ZIP 277030000
MORT $ 68,000.00
BAL $ 67,809.85
RATE 9.990
PAI $ 655.76
CLTV 85.000
MATURITY 180326
FEE 0.5000
LOAN 0000022029862
LAST_NAME MCCAULEY
ADDRESS 965 PROPOSED AVENUE
CITY FRANKLIN
STATE NJ
ZIP 083220000
MORT $ 20,000.00
BAL $ 19,811.05
RATE 10.650
PAI $ 271.56
CLTV 59.870
MATURITY 80326
FEE 0.5000
LOAN 0000022029870
LAST_NAME WHITE
ADDRESS 468 BRUCE STREET
CITY DEFUNIAK
STATE FL
ZIP 324330000
MORT $ 21,000.00
BAL $ 20,907.10
RATE 10.990
PAI $ 238.56
CLTV 70.000
MATURITY 130326
FEE 0.5000
LOAN 0000022029961
LAST_NAME BROXEY
ADDRESS 1421 SW 6 WAY
CITY DEERFIELD B
STATE FL
ZIP 334410000
MORT $ 72,000.00
BAL $ 72,000.00
RATE 9.250
PAI $ 741.02
CLTV 87.804
MATURITY 130501
FEE 0.5000
LOAN 0000022030084
LAST_NAME EKLUND
ADDRESS 24 HORIZON LANE
CITY ELKTON
STATE MD
ZIP 219210000
MORT $ 92,000.00
BAL $ 92,000.00
RATE 8.000
PAI $ 1,116.22
CLTV 72.440
MATURITY 80508
FEE 0.5000
LOAN 0000022030167
LAST_NAME MURPHY
ADDRESS 5213 HIGHWAY 33 & 34
CITY FARMINGDALE
STATE NJ
ZIP 077270000
MORT $102,000.00
BAL $ 101,939.32
RATE 9.950
PAI $ 891.36
CLTV 85.000
MATURITY 280401
FEE 0.5000
LOAN 0000022030217
LAST_NAME QUINONES
ADDRESS 59 BALLARD LANE
CITY WILLINGBORO
STATE NJ
ZIP 080460000
MORT $ 81,000.00
BAL $ 80,659.79
RATE 9.550
PAI $ 757.67
CLTV 89.010
MATURITY 180401
FEE 0.5000
LOAN 0000022030332
LAST_NAME WILSON
ADDRESS 430 DEVOTION ROAD
CITY SCOTLAND
STATE CT
ZIP 062640000
MORT $ 92,000.00
BAL $ 91,864.61
RATE 9.550
PAI $ 776.94
CLTV 80.000
MATURITY 130301
FEE 0.5000
LOAN 0000022030357
LAST_NAME LINDSAY
ADDRESS 3740 NW 176 STREET
CITY OPALOCKA
STATE FL
ZIP 330550000
MORT $ 26,499.00
BAL $ 26,499.00
RATE 8.750
PAI $ 264.84
CLTV 33.123
MATURITY 130501
FEE 0.5000
LOAN 0000022030373
LAST_NAME MCKAY
ADDRESS 28 HILLTOP MANOR
CITY DANBURY
STATE CT
ZIP 068110000
MORT $ 85,000.00
BAL $ 84,895.13
RATE 10.500
PAI $ 848.62
CLTV 65.720
MATURITY 180401
FEE 0.5000
LOAN 0000022030407
LAST_NAME VONG
ADDRESS 47 PAYTON STREET
CITY PROVIDENCE
STATE RI
ZIP 029050000
MORT $ 55,200.00
BAL $ 55,200.00
RATE 9.300
PAI $ 569.77
CLTV 80.000
MATURITY 130512
FEE 0.5000
LOAN 0000022030464
LAST_NAME DAVIS
ADDRESS 9187 NATIONAL AVE
CITY LELAND
STATE NC
ZIP 284510000
MORT $ 88,900.00
BAL $ 88,326.09
RATE 8.490
PAI $ 770.93
CLTV 70.000
MATURITY 180112
FEE 0.5000
LOAN 0000022030498
LAST_NAME BUSER
ADDRESS 362 MALDEN TURNPIKE
CITY SAUGERTIES
STATE NY
ZIP 124770000
MORT $ 54,400.00
BAL $ 54,215.88
RATE 11.250
PAI $ 570.80
CLTV 84.926
MATURITY 180209
FEE 0.5000
LOAN 0000022030548
LAST_NAME ROCCHIO
ADDRESS 38 SCITUATE AVENUE
CITY JOHNSTON
STATE RI
ZIP 029190000
MORT $ 92,000.00
BAL $ 91,955.22
RATE 9.550
PAI $ 776.95
CLTV 55.757
MATURITY 130420
FEE 0.5000
LOAN 0000022030555
LAST_NAME MCGILLVARY
ADDRESS 1000 PHILADELPHIA DRIVE
CITY DAYTON
STATE OH
ZIP 454240000
MORT $ 32,900.00
BAL $ 32,729.33
RATE 9.250
PAI $ 338.61
CLTV 70.000
MATURITY 130310
FEE 0.5000
LOAN 0000022030589
LAST_NAME REVELS-WILLI
ADDRESS 8800 JORDAN AVENUE
CITY ST. LOUIS
STATE MO
ZIP 631470000
MORT $ 54,000.00
BAL $ 54,000.00
RATE 10.780
PAI $ 520.70
CLTV 90.000
MATURITY 230501
FEE 0.5000
LOAN 0000022030597
LAST_NAME ALCAINO
ADDRESS 19 TREMONT AVENUE
CITY BRENTWOOD
STATE NY
ZIP 117170000
MORT $114,750.00
BAL $ 114,230.03
RATE 8.990
PAI $ 1,031.70
CLTV 85.000
MATURITY 180204
FEE 0.5000
LOAN 0000022030605
LAST_NAME PORTER
ADDRESS 34 5TH STREET
CITY TOWNSHIP OF
STATE PA
ZIP 156400000
MORT $ 42,000.00
BAL $ 42,000.00
RATE 8.300
PAI $ 359.19
CLTV 54.901
MATURITY 180513
FEE 0.5000
LOAN 0000022030613
LAST_NAME MCGILLVARY
ADDRESS 2408 GREENWAY
CITY DAYTON
STATE OH
ZIP 453150000
MORT $ 22,400.00
BAL $ 22,283.81
RATE 9.250
PAI $ 230.54
CLTV 70.000
MATURITY 130310
FEE 0.5000
LOAN 0000022030621
LAST_NAME QUICK
ADDRESS 5014 PLEASANT HILL ROAD
CITY WALLACE
STATE SC
ZIP 295960000
MORT $ 60,300.00
BAL $ 60,139.47
RATE 9.950
PAI $ 579.92
CLTV 90.000
MATURITY 180325
FEE 0.5000
LOAN 0000022030639
LAST_NAME COBLE
ADDRESS 3132 E. CALLOWAY DRIVE
CITY MEBANE
STATE NC
ZIP 273020000
MORT $ 86,400.00
BAL $ 86,306.51
RATE 10.990
PAI $ 822.16
CLTV 90.000
MATURITY 280127
FEE 0.5000
LOAN 0000022030654
LAST_NAME MCGILLVARY
ADDRESS 3216 MERRIMAC AVENUE
CITY DAYTON
STATE OH
ZIP 454050000
MORT $ 33,600.00
BAL $ 33,425.71
RATE 9.250
PAI $ 345.81
CLTV 70.000
MATURITY 130310
FEE 0.5000
LOAN 0000022030746
LAST_NAME GORMAN
ADDRESS 1534 COLLINS AVENUE
CITY RICHMOND HE
STATE MO
ZIP 631170000
MORT $ 83,000.00
BAL $ 82,887.11
RATE 9.750
PAI $ 787.27
CLTV 79.047
MATURITY 180401
FEE 0.5000
LOAN 0000022030779
LAST_NAME DAVIS
ADDRESS 329 LINDY BOULEVARD
CITY WINCHESTER
STATE MO
ZIP 630210000
MORT $ 84,500.00
BAL $ 84,075.35
RATE 9.600
PAI $ 887.48
CLTV 74.778
MATURITY 130317
FEE 0.5000
LOAN 0000022030852
LAST_NAME TOWNSON
ADDRESS 3953 CANTERBURY DRIVE
CITY PASADENA HI
STATE MO
ZIP 631210000
MORT $131,750.00
BAL $ 131,703.02
RATE 11.000
PAI $ 1,254.69
CLTV 85.000
MATURITY 280401
FEE 0.5000
LOAN 0000022030860
LAST_NAME KRAUSCH
ADDRESS 1516 LA DINA PLACE
CITY ELLISVILLE
STATE MO
ZIP 630110000
MORT $125,600.00
BAL $ 125,493.77
RATE 10.450
PAI $ 1,144.22
CLTV 79.746
MATURITY 130401
FEE 0.5000
LOAN 0000022030878
LAST_NAME BOYLE
ADDRESS 1432 LANDOVER AVENUE
CITY DELTONA
STATE FL
ZIP 327250000
MORT $ 72,000.00
BAL $ 72,000.00
RATE 10.000
PAI $ 631.86
CLTV 90.000
MATURITY 280508
FEE 0.5000
LOAN 0000022030928
LAST_NAME MALICH
ADDRESS 4585 NORTH CEDAR TRAIL
CITY STEVENSVILL
STATE MI
ZIP 491270000
MORT $153,000.00
BAL $ 153,000.00
RATE 8.500
PAI $ 1,327.77
CLTV 84.764
MATURITY 180504
FEE 0.5000
LOAN 0000022030969
LAST_NAME POTTS
ADDRESS 1710 NORMANDY
CITY LEXINGTON
STATE KY
ZIP 405040000
MORT $ 84,000.00
BAL $ 83,461.76
RATE 8.550
PAI $ 731.63
CLTV 80.000
MATURITY 180106
FEE 0.5000
LOAN 0000022031041
LAST_NAME SMITH
ADDRESS 734 LIBERTY BELL LANE
CITY LIBERTYVILL
STATE IL
ZIP 600480000
MORT $ 36,300.00
BAL $ 36,132.00
RATE 10.500
PAI $ 401.26
CLTV 84.991
MATURITY 130312
FEE 0.5000
LOAN 0000022031116
LAST_NAME BEAVER
ADDRESS 6124 KENNEDY AVENUE
CITY CINCINNATI
STATE OH
ZIP 452130000
MORT $ 69,600.00
BAL $ 69,060.46
RATE 9.190
PAI $ 569.56
CLTV 80.000
MATURITY 130319
FEE 0.5000
LOAN 0000022031165
LAST_NAME MAHAN
ADDRESS 311-313 PLATT STREET
CITY BRIDGEPORT
STATE CT
ZIP 066060000
MORT $ 68,000.00
BAL $ 67,927.73
RATE 9.150
PAI $ 554.50
CLTV 80.000
MATURITY 130305
FEE 0.5000
LOAN 0000022031199
LAST_NAME EUBANK
ADDRESS 820 HIGH STREET
CITY FAIRPORT
STATE OH
ZIP 440770000
MORT $ 82,450.00
BAL $ 82,450.00
RATE 10.050
PAI $ 726.61
CLTV 85.000
MATURITY 130428
FEE 0.5000
LOAN 0000022031306
LAST_NAME CLEVENGER
ADDRESS 34 GEORGIA AVENUE
CITY CRYSTAL BEA
STATE FL
ZIP 346810000
MORT $ 38,000.00
BAL $ 37,940.90
RATE 8.700
PAI $ 334.60
CLTV 69.090
MATURITY 180428
FEE 0.5000
LOAN 0000022031330
LAST_NAME WRIGHT
ADDRESS 6931 KEY STREET
CITY SAVANNAH
STATE GA
ZIP 314060000
MORT $ 41,400.00
BAL $ 41,400.00
RATE 10.500
PAI $ 378.71
CLTV 90.000
MATURITY 130511
FEE 0.5000
Page 41
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022031389
LAST_NAME FEALTMAN
ADDRESS 4969 AMERICANA DR. UNIT 1
CITY ANNANDALE
STATE VA
ZIP 220030000
MORT $ 51,000.00
BAL $ 50,903.73
RATE 8.350
PAI $ 386.74
CLTV 85.000
MATURITY 280224
FEE 0.5000
LOAN 0000022031439
LAST_NAME CROWDER
ADDRESS 2455 TUNNEL ROAD
CITY VALDESE
STATE NC
ZIP 286900000
MORT $ 46,750.00
BAL $ 46,426.22
RATE 9.990
PAI $ 450.84
CLTV 85.000
MATURITY 180324
FEE 0.5000
LOAN 0000022031546
LAST_NAME LAWSON
ADDRESS 1717 COLLIER ROAD
CITY DURHAM
STATE NC
ZIP 277070000
MORT $ 72,000.00
BAL $ 72,000.00
RATE 8.900
PAI $ 574.16
CLTV 78.260
MATURITY 280501
FEE 0.5000
LOAN 0000022031686
LAST_NAME COLE
ADDRESS 6549 DYAL ROAD
CITY CALLAHAN
STATE FL
ZIP 320110000
MORT $ 68,000.00
BAL $ 67,888.10
RATE 8.250
PAI $ 579.40
CLTV 80.000
MATURITY 180402
FEE 0.5000
LOAN 0000022031751
LAST_NAME VERNI
ADDRESS 3 BUDD COURT
CITY BAYVILLE
STATE NY
ZIP 117090000
MORT $ 53,600.00
BAL $ 53,528.03
RATE 9.850
PAI $ 511.94
CLTV 78.700
MATURITY 180330
FEE 0.5000
LOAN 0000022031769
LAST_NAME RICHARDSON
ADDRESS 20 DERBY AVENUE
CITY AUBURN
STATE NY
ZIP 130210000
MORT $ 38,400.00
BAL $ 38,346.41
RATE 9.550
PAI $ 359.19
CLTV 80.000
MATURITY 180330
FEE 0.5000
LOAN 0000022031777
LAST_NAME NELSON
ADDRESS 5935 PINE ROAD
CITY DORAVILLE
STATE GA
ZIP 303400000
MORT $ 32,300.00
BAL $ 32,157.13
RATE 10.990
PAI $ 366.92
CLTV 52.950
MATURITY 130327
FEE 0.5000
LOAN 0000022031785
LAST_NAME BROWN
ADDRESS 1103 WEST 22ND STREET
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $ 42,200.00
BAL $ 42,088.38
RATE 8.990
PAI $ 427.77
CLTV 68.064
MATURITY 130326
FEE 0.5000
LOAN 0000022031819
LAST_NAME BLUMENTHAL
ADDRESS 4809 KIRKDALE DRIVE
CITY WOODBRIDGE
STATE VA
ZIP 221930000
MORT $103,350.00
BAL $ 103,179.92
RATE 8.250
PAI $ 880.61
CLTV 78.893
MATURITY 180330
FEE 0.5000
LOAN 0000022031827
LAST_NAME EGGLESTON
ADDRESS 940 LAKE ELBERT SE DRIVE
CITY WINTER HAVE
STATE FL
ZIP 338800000
MORT $ 62,300.00
BAL $ 62,155.20
RATE 10.990
PAI $ 642.63
CLTV 84.973
MATURITY 180327
FEE 0.5000
LOAN 0000022031843
LAST_NAME OLDER, III
ADDRESS 192 SAND HILL ROAD
CITY GREENFIELD
STATE NY
ZIP 128330000
MORT $ 57,800.00
BAL $ 57,721.39
RATE 9.750
PAI $ 548.24
CLTV 79.814
MATURITY 180330
FEE 0.5000
LOAN 0000022031868
LAST_NAME DENNIS
ADDRESS 218 EARLY STREET
CITY PROVIDENCE
STATE RI
ZIP 029070000
MORT $ 64,000.00
BAL $ 63,901.10
RATE 8.750
PAI $ 565.57
CLTV 80.000
MATURITY 180415
FEE 0.5000
LOAN 0000022031884
LAST_NAME JORDAN
ADDRESS 10 SANDY LANE
CITY PEMBROKE
STATE MA
ZIP 023590000
MORT $ 56,000.00
BAL $ 55,850.00
RATE 8.850
PAI $ 563.00
CLTV 71.219
MATURITY 130428
FEE 0.5000
LOAN 0000022031892
LAST_NAME NOE
ADDRESS 1314 E TRIPP AVENUE
CITY PEORIA
STATE IL
ZIP 616030000
MORT $ 37,850.00
BAL $ 37,649.03
RATE 8.990
PAI $ 383.67
CLTV 74.950
MATURITY 130330
FEE 0.5000
LOAN 0000022031900
LAST_NAME LYONS
ADDRESS 16 WINTER STREET
CITY WALTHAM
STATE MA
ZIP 021540000
MORT $ 26,000.00
BAL $ 25,936.69
RATE 9.900
PAI $ 277.81
CLTV 73.347
MATURITY 130430
FEE 0.5000
LOAN 0000022031934
LAST_NAME TEAGUE
ADDRESS 4505 BROADWAY AVENUE
CITY EVANSVILLE
STATE IN
ZIP 477120000
MORT $ 57,600.00
BAL $ 57,458.13
RATE 8.500
PAI $ 499.87
CLTV 69.818
MATURITY 180330
FEE 0.5000
LOAN 0000022031959
LAST_NAME JOHNS
ADDRESS 1915 COLEBROOK DRIVE
CITY TEMPLE HILL
STATE MD
ZIP 207480000
MORT $ 11,600.00
BAL $ 11,548.83
RATE 11.750
PAI $ 164.75
CLTV 43.605
MATURITY 80330
FEE 0.5000
LOAN 0000022032031
LAST_NAME DELAPORTAS
ADDRESS 491 CENTRAL BOULEVARD
CITY FORT LEE
STATE NJ
ZIP 070240000
MORT $ 26,800.00
BAL $ 26,660.99
RATE 9.250
PAI $ 275.82
CLTV 46.326
MATURITY 130327
FEE 0.5000
LOAN 0000022032049
LAST_NAME BOUCHARD
ADDRESS 19 CATHERINE STREET
CITY LYNBROOK
STATE NY
ZIP 115630000
MORT $ 34,000.00
BAL $ 33,959.40
RATE 10.750
PAI $ 345.18
CLTV 77.969
MATURITY 180327
FEE 0.5000
LOAN 0000022032056
LAST_NAME WHITLEY
ADDRESS 3126 W POLK
CITY CHICAGO
STATE IL
ZIP 606240000
MORT $ 55,000.00
BAL $ 54,960.60
RATE 11.000
PAI $ 523.78
CLTV 64.705
MATURITY 280401
FEE 0.5000
LOAN 0000022032080
LAST_NAME O'DONOGHUE
ADDRESS 5313 NORTH 8TH ROAD
CITY ARLINGTON
STATE VA
ZIP 222050000
MORT $ 44,300.00
BAL $ 44,248.71
RATE 10.990
PAI $ 456.96
CLTV 52.966
MATURITY 180327
FEE 0.5000
LOAN 0000022032098
LAST_NAME RENNAKER
ADDRESS 8356 S 600 WEST
CITY PENDLETON
STATE IN
ZIP 460640000
MORT $ 26,400.00
BAL $ 26,344.60
RATE 11.500
PAI $ 308.40
CLTV 81.252
MATURITY 130330
FEE 0.5000
LOAN 0000022032130
LAST_NAME PREVOST
ADDRESS 8016 INTERNATIONAL VILLAG
CITY JACKSONVILL
STATE FL
ZIP 322770000
MORT $ 62,900.00
BAL $ 62,881.60
RATE 11.900
PAI $ 642.16
CLTV 85.000
MATURITY 130429
FEE 0.5000
LOAN 0000022032148
LAST_NAME CHALLENDER
ADDRESS 12 EVERGREEN ROAD
CITY NEW EGYPT
STATE NJ
ZIP 085330000
MORT $102,850.00
BAL $ 102,850.00
RATE 11.090
PAI $ 986.47
CLTV 85.000
MATURITY 280508
FEE 0.5000
LOAN 0000022032155
LAST_NAME MERRITT
ADDRESS 224 CREEKSTONE TRAIL
CITY ROCKY POINT
STATE NC
ZIP 284570000
MORT $ 76,500.00
BAL $ 76,402.30
RATE 10.990
PAI $ 749.24
CLTV 90.000
MATURITY 230327
FEE 0.5000
LOAN 0000022032171
LAST_NAME CRENSHAW
ADDRESS 2912 WAXHAM MARVIN ROAD
CITY WAXHAW
STATE NC
ZIP 281730000
MORT $ 87,000.00
BAL $ 86,952.32
RATE 8.990
PAI $ 699.40
CLTV 64.925
MATURITY 280401
FEE 0.5000
LOAN 0000022032189
LAST_NAME BELVIN
ADDRESS 107-13 172ND STREET
CITY JAMAICA
STATE NY
ZIP 114330000
MORT $ 95,300.00
BAL $ 94,709.09
RATE 8.250
PAI $ 924.54
CLTV 68.071
MATURITY 130327
FEE 0.5000
LOAN 0000022032197
LAST_NAME PETRIDES
ADDRESS 69 VINCENT AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103060000
MORT $ 60,000.00
BAL $ 59,838.22
RATE 9.850
PAI $ 573.06
CLTV 59.380
MATURITY 180330
FEE 0.5000
LOAN 0000022032213
LAST_NAME SWEENEY
ADDRESS 16 CENTENNIAL COURT
CITY GLOUCESTER
STATE NJ
ZIP 080810000
MORT $ 25,000.00
BAL $ 24,761.78
RATE 10.500
PAI $ 337.34
CLTV 78.592
MATURITY 80330
FEE 0.5000
LOAN 0000022032262
LAST_NAME MIRO
ADDRESS 253 HOYT AVENUE
CITY BROOKLYN
STATE NY
ZIP 112170000
MORT $ 91,100.00
BAL $ 90,899.14
RATE 8.990
PAI $ 732.36
CLTV 36.294
MATURITY 130330
FEE 0.5000
LOAN 0000022032270
LAST_NAME SCHOPPMEYER
ADDRESS 2950 SHERYL AVENUE
CITY FAYETTEVILL
STATE AR
ZIP 727030000
MORT $126,800.00
BAL $ 126,800.00
RATE 8.000
PAI $ 1,060.61
CLTV 80.000
MATURITY 180508
FEE 0.5000
LOAN 0000022032288
LAST_NAME MCBRIDE
ADDRESS 9 MYRTLE AVENUE
CITY PORT JERVIS
STATE NY
ZIP 127710000
MORT $ 42,300.00
BAL $ 42,070.50
RATE 8.750
PAI $ 422.77
CLTV 71.694
MATURITY 130327
FEE 0.5000
LOAN 0000022032304
LAST_NAME MILLER
ADDRESS 1365 FAIRFAX STREET
CITY DENVER
STATE CO
ZIP 802200000
MORT $ 34,200.00
BAL $ 34,034.13
RATE 9.990
PAI $ 367.31
CLTV 79.951
MATURITY 130327
FEE 0.5000
LOAN 0000022032338
LAST_NAME SAUL
ADDRESS 8507 DEERWOOD ROAD
CITY CHARLOTTE
STATE NC
ZIP 282140000
MORT $ 56,000.00
BAL $ 55,568.13
RATE 8.250
PAI $ 543.28
CLTV 78.873
MATURITY 130401
FEE 0.5000
LOAN 0000022032361
LAST_NAME SELMAN
ADDRESS 227 CHESTER STREET
CITY BROOKLYN
STATE NY
ZIP 112120000
MORT $102,000.00
BAL $ 101,693.03
RATE 8.990
PAI $ 917.06
CLTV 85.000
MATURITY 180330
FEE 0.5000
LOAN 0000022032379
LAST_NAME WILLIAMS
ADDRESS 4102 32ND STREET
CITY MOUNT RAINI
STATE MD
ZIP 207120000
MORT $ 68,500.00
BAL $ 68,220.16
RATE 8.750
PAI $ 538.89
CLTV 67.156
MATURITY 130325
FEE 0.5000
LOAN 0000022032387
LAST_NAME HARRIS
ADDRESS 105 N. VERNON DRIVE
CITY MCHENRY
STATE IL
ZIP 600500000
MORT $ 68,000.00
BAL $ 67,720.00
RATE 8.750
PAI $ 534.96
CLTV 80.000
MATURITY 130320
FEE 0.5000
LOAN 0000022032395
LAST_NAME FOSTER
ADDRESS 745 WILL SCARLETT WAY
CITY MACON
STATE GA
ZIP 312200000
MORT $ 54,400.00
BAL $ 54,375.93
RATE 10.000
PAI $ 477.40
CLTV 68.000
MATURITY 280506
FEE 0.5000
LOAN 0000022032502
LAST_NAME KRANKAVITCH
ADDRESS 612 SOUTH PARIS STREET
CITY CATLIN
STATE IL
ZIP 618170000
MORT $ 37,900.00
BAL $ 37,696.84
RATE 10.990
PAI $ 521.86
CLTV 72.958
MATURITY 80401
FEE 0.5000
LOAN 0000022032510
LAST_NAME REIZINGER
ADDRESS 526 NORTH LARRY CIRCLE
CITY BRANDON
STATE FL
ZIP 335110000
MORT $ 60,000.00
BAL $ 59,801.84
RATE 8.250
PAI $ 511.24
CLTV 60.000
MATURITY 180330
FEE 0.5000
LOAN 0000022032528
LAST_NAME D'ALOISIO
ADDRESS 10 FRANKLIN STREET
CITY EASTCHESTER
STATE NY
ZIP 107090000
MORT $ 40,000.00
BAL $ 40,000.00
RATE 8.200
PAI $ 386.90
CLTV 19.704
MATURITY 130505
FEE 0.5000
Page 42
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022032569
LAST_NAME SUMMERS
ADDRESS 179 CROSMAN TERRACE
CITY ROCHESTER
STATE NY
ZIP 146200000
MORT $ 12,500.00
BAL $ 12,328.22
RATE 8.990
PAI $ 158.28
CLTV 9.615
MATURITY 80330
FEE 0.5000
LOAN 0000022032593
LAST_NAME COLLINS
ADDRESS 6004 N. GRADY AVENUE
CITY TAMPA
STATE FL
ZIP 336140000
MORT $ 39,250.00
BAL $ 39,141.51
RATE 8.500
PAI $ 386.51
CLTV 69.469
MATURITY 130330
FEE 0.5000
LOAN 0000022032601
LAST_NAME COZART
ADDRESS 13 DICKINSON AVENUE
CITY NYACK
STATE NY
ZIP 109600000
MORT $ 89,500.00
BAL $ 89,357.26
RATE 8.500
PAI $ 776.70
CLTV 74.583
MATURITY 180320
FEE 0.5000
LOAN 0000022032635
LAST_NAME MCCONNELL
ADDRESS 281 PARK HILL RD
CITY MOUNTAINDAL
STATE NY
ZIP 127630000
MORT $ 48,700.00
BAL $ 48,441.40
RATE 8.990
PAI $ 493.65
CLTV 58.674
MATURITY 130326
FEE 0.5000
LOAN 0000022032643
LAST_NAME DAVIS, .
ADDRESS 16489 PINE VALLEY DRIVE
CITY WILLIAMSBUR
STATE OH
ZIP 451760000
MORT $ 74,700.00
BAL $ 74,700.00
RATE 10.300
PAI $ 735.79
CLTV 90.000
MATURITY 180511
FEE 0.5000
LOAN 0000022032668
LAST_NAME MURPHY
ADDRESS 942 SURREY DRIVE
CITY EDWARDSVILL
STATE IL
ZIP 620250000
MORT $ 59,600.00
BAL $ 59,329.94
RATE 8.990
PAI $ 535.85
CLTV 66.222
MATURITY 180310
FEE 0.5000
LOAN 0000022032692
LAST_NAME LOUBEAU
ADDRESS 45 RUGBY ROAD
CITY NEW ROCHELL
STATE NY
ZIP 108040000
MORT $332,000.00
BAL $ 331,788.29
RATE 8.250
PAI $ 2,494.21
CLTV 79.047
MATURITY 130414
FEE 0.5000
LOAN 0000022032700
LAST_NAME BUNNELL
ADDRESS 519 MERRIAM AVENUE
CITY LEOMINSTER
STATE MA
ZIP 014530000
MORT $103,200.00
BAL $ 102,643.72
RATE 8.250
PAI $ 1,265.78
CLTV 80.000
MATURITY 80423
FEE 0.5000
LOAN 0000022032833
LAST_NAME ATENCIO
ADDRESS 4809 NW MESA BONITA COURT
CITY ALBUQUERQUE
STATE NM
ZIP 871200000
MORT $ 10,650.00
BAL $ 10,650.00
RATE 9.650
PAI $ 100.32
CLTV 70.330
MATURITY 180528
FEE 0.5000
LOAN 0000022032866
LAST_NAME WITTMANN
ADDRESS 1018 ROYAL DRIVE
CITY CEDAR FALLS
STATE IA
ZIP 506130000
MORT $ 75,150.00
BAL $ 75,111.44
RATE 9.300
PAI $ 620.97
CLTV 90.000
MATURITY 280428
FEE 0.5000
LOAN 0000022032874
LAST_NAME SMITH
ADDRESS 740 BERKLEY RD
CITY INDIANAPOLI
STATE IN
ZIP 462080000
MORT $ 54,400.00
BAL $ 54,344.54
RATE 9.350
PAI $ 451.49
CLTV 62.528
MATURITY 130302
FEE 0.5000
LOAN 0000022032908
LAST_NAME TURNER
ADDRESS 80 LINCOLN AVENUE
CITY ALBANY
STATE NY
ZIP 122060000
MORT $ 81,000.00
BAL $ 80,771.54
RATE 9.500
PAI $ 755.03
CLTV 75.000
MATURITY 180324
FEE 0.5000
LOAN 0000022033021
LAST_NAME STOWELL
ADDRESS 136 MILLSPRING PLACE
CITY ORMOND BEAC
STATE FL
ZIP 321740000
MORT $ 96,000.00
BAL $ 95,824.28
RATE 8.500
PAI $ 738.16
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022033039
LAST_NAME PLUNKETT
ADDRESS 115 PERU AVENUE
CITY BARTONVILLE
STATE IL
ZIP 616070000
MORT $ 58,190.00
BAL $ 58,190.00
RATE 8.450
PAI $ 571.32
CLTV 78.635
MATURITY 130429
FEE 0.5000
LOAN 0000022033054
LAST_NAME PETERSON
ADDRESS 30 COOK STREET
CITY KINGS PARK
STATE NY
ZIP 117540000
MORT $ 58,000.00
BAL $ 57,933.87
RATE 11.100
PAI $ 602.63
CLTV 41.912
MATURITY 180323
FEE 0.5000
LOAN 0000022033062
LAST_NAME LARRABEE
ADDRESS 30918 WESTWARD HO
CITY SORRENTO
STATE FL
ZIP 327760000
MORT $ 45,000.00
BAL $ 44,788.90
RATE 10.990
PAI $ 464.18
CLTV 49.450
MATURITY 180105
FEE 0.5000
LOAN 0000022033096
LAST_NAME MCCON
ADDRESS 5295 STREETER
CITY MANTUA
STATE OH
ZIP 442550000
MORT $136,000.00
BAL $ 134,496.30
RATE 8.620
PAI $ 1,348.83
CLTV 80.000
MATURITY 130128
FEE 0.5000
LOAN 0000022033112
LAST_NAME VORPAHL
ADDRESS 103 A SPRINGS FIREPLACE R
CITY E. HAMPTON
STATE NY
ZIP 119370000
MORT $ 96,500.00
BAL $ 95,974.10
RATE 8.700
PAI $ 961.63
CLTV 66.551
MATURITY 130323
FEE 0.5000
LOAN 0000022033120
LAST_NAME CRANDALL
ADDRESS 149 WEST SHORE ROAD
CITY ELLINGTON
STATE CT
ZIP 060290000
MORT $ 70,000.00
BAL $ 69,957.16
RATE 8.450
PAI $ 535.76
CLTV 45.161
MATURITY 280420
FEE 0.5000
LOAN 0000022033146
LAST_NAME BOYCE
ADDRESS 1261 E MAPLE DR
CITY ARCADIA
STATE FL
ZIP 342660000
MORT $ 31,875.00
BAL $ 31,577.35
RATE 10.500
PAI $ 352.35
CLTV 75.000
MATURITY 130120
FEE 0.5000
LOAN 0000022033195
LAST_NAME PURCELL
ADDRESS 1819 HOYT AVE
CITY INDIANAPOLI
STATE IN
ZIP 462030000
MORT $ 46,000.00
BAL $ 45,754.85
RATE 8.950
PAI $ 465.20
CLTV 80.701
MATURITY 130330
FEE 0.5000
LOAN 0000022033229
LAST_NAME GLENN
ADDRESS 124 S MAYFIELD
CITY CHICAGO
STATE IL
ZIP 606440000
MORT $153,500.00
BAL $ 153,271.67
RATE 9.500
PAI $ 1,290.72
CLTV 87.714
MATURITY 130227
FEE 0.5000
LOAN 0000022033252
LAST_NAME BOURNE
ADDRESS 1113 19TH AVE. WEST
CITY BRADENTON
STATE FL
ZIP 342050000
MORT $ 51,000.00
BAL $ 50,929.02
RATE 8.950
PAI $ 408.53
CLTV 85.000
MATURITY 130304
FEE 0.5000
LOAN 0000022033328
LAST_NAME BURCH
ADDRESS 5 NEWINGTON GREEN
CITY TAYLORS
STATE SC
ZIP 296870000
MORT $ 91,200.00
BAL $ 91,059.06
RATE 8.750
PAI $ 805.94
CLTV 80.000
MATURITY 180401
FEE 0.5000
LOAN 0000022033344
LAST_NAME BUTLER
ADDRESS 305 E. DONMOYER AVENUE
CITY SOUTH BEND
STATE IN
ZIP 466140000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 9.300
PAI $ 123.95
CLTV 67.500
MATURITY 130513
FEE 0.5000
LOAN 0000022033351
LAST_NAME HENRY
ADDRESS 5271 BIRCHWOOD ROAD
CITY SPRING HILL
STATE FL
ZIP 346080000
MORT $ 89,200.00
BAL $ 89,076.19
RATE 7.850
PAI $ 645.22
CLTV 77.565
MATURITY 130323
FEE 0.5000
LOAN 0000022033385
LAST_NAME DOUGE
ADDRESS 3407 ANGELA PLACE
CITY TOLEDO
STATE OH
ZIP 436080000
MORT $ 58,500.00
BAL $ 58,500.00
RATE 9.800
PAI $ 504.76
CLTV 90.000
MATURITY 130527
FEE 0.5000
LOAN 0000022033393
LAST_NAME JONES
ADDRESS 11753 WATER BLUFF DR. E
CITY JACKSONVILL
STATE FL
ZIP 322180000
MORT $ 30,800.00
BAL $ 30,634.37
RATE 8.850
PAI $ 309.66
CLTV 53.103
MATURITY 130324
FEE 0.5000
LOAN 0000022033401
LAST_NAME TOLBERT
ADDRESS 608 M.LUTHER KING BLVD
CITY OPELIKA
STATE AL
ZIP 368010000
MORT $ 31,500.00
BAL $ 31,500.00
RATE 9.800
PAI $ 334.66
CLTV 68.478
MATURITY 130501
FEE 0.5000
LOAN 0000022033435
LAST_NAME BANNON
ADDRESS 171 CARROLL AVENUE
CITY VALLEY STRE
STATE NY
ZIP 115800000
MORT $ 36,000.00
BAL $ 35,958.36
RATE 10.990
PAI $ 371.34
CLTV 79.888
MATURITY 180401
FEE 0.5000
LOAN 0000022033450
LAST_NAME HEGLE
ADDRESS 3285 N MILFORD
CITY HIGHLAND
STATE MI
ZIP 483570000
MORT $104,000.00
BAL $ 103,946.09
RATE 9.250
PAI $ 855.58
CLTV 74.285
MATURITY 280401
FEE 0.5000
LOAN 0000022033484
LAST_NAME FLYNN
ADDRESS 725 FLORENCE AVENUE
CITY LEXINGTON
STATE KY
ZIP 405080000
MORT $ 37,200.00
BAL $ 37,182.64
RATE 9.750
PAI $ 319.61
CLTV 80.000
MATURITY 130325
FEE 0.5000
LOAN 0000022033500
LAST_NAME PRICE
ADDRESS 2513 OLD CAMDEN ROAD
CITY MONROE
STATE NC
ZIP 281100000
MORT $ 52,000.00
BAL $ 51,937.91
RATE 10.750
PAI $ 527.92
CLTV 80.000
MATURITY 180330
FEE 0.5000
LOAN 0000022033526
LAST_NAME TYLER
ADDRESS 1407 UNION STREET
CITY LINDEN
STATE NJ
ZIP 070360000
MORT $117,500.00
BAL $ 117,334.96
RATE 9.500
PAI $ 1,095.25
CLTV 65.277
MATURITY 180330
FEE 0.5000
LOAN 0000022033567
LAST_NAME STOCKDALE
ADDRESS 135 ORANGE AVENUE
CITY WALDEN
STATE NY
ZIP 125860000
MORT $ 63,750.00
BAL $ 63,674.83
RATE 8.650
PAI $ 496.98
CLTV 75.000
MATURITY 280401
FEE 0.5000
LOAN 0000022033583
LAST_NAME BENSON
ADDRESS 106 WENDALL PLACE
CITY DEKALB
STATE IL
ZIP 601150000
MORT $ 25,700.00
BAL $ 25,642.15
RATE 10.750
PAI $ 288.08
CLTV 84.920
MATURITY 130315
FEE 0.5000
LOAN 0000022033633
LAST_NAME KELSAY
ADDRESS 616 S. 25TH STREET
CITY NEW CASTLE
STATE IN
ZIP 473620000
MORT $ 32,000.00
BAL $ 31,959.04
RATE 8.250
PAI $ 240.41
CLTV 76.190
MATURITY 130306
FEE 0.5000
LOAN 0000022033690
LAST_NAME SURGEON
ADDRESS 12302 CATALINA DRIVE
CITY PUNTA GORDA
STATE FL
ZIP 339550000
MORT $ 81,200.00
BAL $ 80,985.22
RATE 8.990
PAI $ 823.10
CLTV 77.333
MATURITY 130401
FEE 0.5000
LOAN 0000022033757
LAST_NAME ECK
ADDRESS 234 SEARLES ROAD
CITY POMFRET
STATE CT
ZIP 062590000
MORT $ 64,000.00
BAL $ 64,000.00
RATE 8.300
PAI $ 483.07
CLTV 80.000
MATURITY 130518
FEE 0.5000
LOAN 0000022033765
LAST_NAME COLEMAN
ADDRESS 3913 W VIRDEN COURT
CITY PEORIA
STATE IL
ZIP 616150000
MORT $ 32,500.00
BAL $ 32,375.30
RATE 12.500
PAI $ 400.57
CLTV 93.178
MATURITY 130330
FEE 0.5000
LOAN 0000022033781
LAST_NAME CARLSON
ADDRESS 404 W FAIRVIEW STREET
CITY TROY
STATE AL
ZIP 360810000
MORT $ 64,600.00
BAL $ 64,262.04
RATE 10.150
PAI $ 574.08
CLTV 80.750
MATURITY 130402
FEE 0.5000
Page 43
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022033807
LAST_NAME HARRIS
ADDRESS 409 WILSHIRE
CITY MACHESNEY P
STATE IL
ZIP 611150000
MORT $ 67,500.00
BAL $ 67,447.81
RATE 10.650
PAI $ 625.04
CLTV 90.000
MATURITY 130301
FEE 0.5000
LOAN 0000022033823
LAST_NAME OBERG
ADDRESS 4870 NORTHWOOD DRIVE
CITY SHEFFIELD L
STATE OH
ZIP 440540000
MORT $ 67,000.00
BAL $ 66,884.82
RATE 7.900
PAI $ 556.26
CLTV 73.626
MATURITY 180323
FEE 0.5000
LOAN 0000022033849
LAST_NAME SIBERT
ADDRESS 25 LINCOLN STREET
CITY ASHEVILLE
STATE NC
ZIP 288010000
MORT $ 58,800.00
BAL $ 58,406.95
RATE 8.250
PAI $ 570.44
CLTV 71.707
MATURITY 130402
FEE 0.5000
LOAN 0000022033872
LAST_NAME RATH
ADDRESS 303 NORTH BROOKS STREET
CITY MANNING
STATE SC
ZIP 291020000
MORT $125,800.00
BAL $ 125,800.00
RATE 8.500
PAI $ 1,559.74
CLTV 85.000
MATURITY 80515
FEE 0.5000
LOAN 0000022033914
LAST_NAME MARSHALL
ADDRESS 16746 LANSFIELD
CITY DETROIT
STATE MI
ZIP 482350000
MORT $ 45,300.00
BAL $ 45,272.76
RATE 8.550
PAI $ 349.93
CLTV 63.802
MATURITY 130330
FEE 0.5000
LOAN 0000022033948
LAST_NAME DANIELS
ADDRESS 14110 COUNTY ROAD 203
CITY SLOCOMB
STATE AL
ZIP 363750000
MORT $ 50,400.00
BAL $ 50,381.83
RATE 10.950
PAI $ 478.07
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000022033971
LAST_NAME JOHNSON
ADDRESS 30766 DRIFTWOOD LANE
CITY SPANISH FOR
STATE AL
ZIP 365270000
MORT $ 13,500.00
BAL $ 13,471.64
RATE 11.490
PAI $ 157.62
CLTV 83.843
MATURITY 130401
FEE 0.5000
LOAN 0000022034011
LAST_NAME BISCHOFF
ADDRESS 1241 CLEARVIEW STREET
CITY LACEY
STATE NJ
ZIP 087310000
MORT $125,250.00
BAL $ 125,170.13
RATE 8.250
PAI $ 940.96
CLTV 75.000
MATURITY 280330
FEE 0.5000
LOAN 0000022034078
LAST_NAME COX
ADDRESS 138 W JOHNSON AVENUE
CITY SOMER POINT
STATE NJ
ZIP 082440000
MORT $ 80,000.00
BAL $ 79,964.53
RATE 9.990
PAI $ 701.47
CLTV 75.471
MATURITY 280430
FEE 0.5000
LOAN 0000022034094
LAST_NAME WILKINS
ADDRESS 3416 21ST COURT EAST
CITY BRADENTON
STATE FL
ZIP 342080000
MORT $ 45,900.00
BAL $ 45,837.57
RATE 9.750
PAI $ 435.37
CLTV 85.000
MATURITY 180401
FEE 0.5000
LOAN 0000022034102
LAST_NAME RUNDELL
ADDRESS 685 COUNTY HIGHWAY 132
CITY HAGAMAN
STATE NY
ZIP 120860000
MORT $ 26,400.00
BAL $ 26,360.42
RATE 8.990
PAI $ 237.36
CLTV 80.000
MATURITY 180330
FEE 0.5000
LOAN 0000022034128
LAST_NAME YOO
ADDRESS 2240 D MORNINGSIDE CIRCLE
CITY CARPENTERSV
STATE IL
ZIP 601100000
MORT $ 49,700.00
BAL $ 49,550.44
RATE 8.990
PAI $ 446.84
CLTV 73.088
MATURITY 180401
FEE 0.5000
LOAN 0000022034144
LAST_NAME QUINN
ADDRESS 143 RIVER OAKS DRIVE
CITY WOODSTOCK
STATE GA
ZIP 301880000
MORT $ 78,400.00
BAL $ 78,058.01
RATE 8.990
PAI $ 704.88
CLTV 80.000
MATURITY 180330
FEE 0.5000
LOAN 0000022034151
LAST_NAME ALLEN
ADDRESS 340 STILLSON BOULEVARD
CITY BATTLE CREE
STATE MI
ZIP 490170000
MORT $ 99,350.00
BAL $ 99,222.87
RATE 8.250
PAI $ 746.38
CLTV 74.981
MATURITY 130401
FEE 0.5000
LOAN 0000022034169
LAST_NAME PRYOR
ADDRESS 1025 ADDISON STREET
CITY WASHINGTON
STATE PA
ZIP 153010000
MORT $ 36,500.00
BAL $ 36,500.00
RATE 8.400
PAI $ 314.45
CLTV 70.192
MATURITY 180526
FEE 0.5000
LOAN 0000022034185
LAST_NAME MCKENNIE
ADDRESS 215 N FAYETTE DRIVE
CITY FAYETTEVILL
STATE GA
ZIP 302140000
MORT $144,000.00
BAL $ 143,943.87
RATE 10.590
PAI $ 1,326.93
CLTV 90.000
MATURITY 130403
FEE 0.5000
LOAN 0000022034193
LAST_NAME FISHER
ADDRESS 220 BOYES DRIVE
CITY BATTLE CREE
STATE MI
ZIP 490170000
MORT $ 30,300.00
BAL $ 29,985.50
RATE 8.990
PAI $ 383.66
CLTV 48.095
MATURITY 80301
FEE 0.5000
LOAN 0000022034201
LAST_NAME WEHMAN
ADDRESS 900 NANTUCKET COURT
CITY TOMS RIVER
STATE NJ
ZIP 087530000
MORT $ 87,700.00
BAL $ 86,998.16
RATE 9.100
PAI $ 711.97
CLTV 67.984
MATURITY 280428
FEE 0.5000
LOAN 0000022034219
LAST_NAME SAVILLA
ADDRESS 8 TIGERWOOD COURT
CITY BALTIMORE
STATE MD
ZIP 212340000
MORT $135,200.00
BAL $ 133,675.46
RATE 7.900
PAI $ 982.65
CLTV 79.529
MATURITY 280406
FEE 0.5000
LOAN 0000022034292
LAST_NAME PICKETT
ADDRESS 205 N SHERMAN ST
CITY VEEDERSBURG
STATE IN
ZIP 479870000
MORT $ 16,700.00
BAL $ 16,681.77
RATE 8.750
PAI $ 131.38
CLTV 47.308
MATURITY 130403
FEE 0.5000
LOAN 0000022034300
LAST_NAME CLOPPER
ADDRESS 312 HEBB ROAD
CITY HAGERSTOWN
STATE MD
ZIP 217400000
MORT $100,800.00
BAL $ 100,467.08
RATE 8.250
PAI $ 858.89
CLTV 79.058
MATURITY 180401
FEE 0.5000
LOAN 0000022034342
LAST_NAME RAMI
ADDRESS 630 BRIDGEPORT PLACE
CITY WHEELING
STATE IL
ZIP 600900000
MORT $104,000.00
BAL $ 103,879.89
RATE 8.750
PAI $ 818.17
CLTV 80.000
MATURITY 130327
FEE 0.5000
LOAN 0000022034391
LAST_NAME HAIGHT
ADDRESS 110 KELLY LANE
CITY PIEDMONT
STATE AL
ZIP 362720000
MORT $ 49,680.00
BAL $ 49,563.49
RATE 10.350
PAI $ 544.55
CLTV 69.000
MATURITY 130330
FEE 0.5000
LOAN 0000022034425
LAST_NAME WHITE
ADDRESS 3942 LINK AVENUE
CITY BALTIMORE
STATE MD
ZIP 212360000
MORT $ 80,750.00
BAL $ 80,678.09
RATE 9.990
PAI $ 708.05
CLTV 85.000
MATURITY 130330
FEE 0.5000
LOAN 0000022034433
LAST_NAME DECHELBOR
ADDRESS 4837 TARTAN LN
CITY HOLT
STATE MI
ZIP 488420000
MORT $ 46,700.00
BAL $ 46,104.40
RATE 8.250
PAI $ 572.79
CLTV 49.946
MATURITY 80301
FEE 0.5000
LOAN 0000022034441
LAST_NAME ADAMS
ADDRESS 10030 CEMETERY ROAD
CITY ERIE
STATE MI
ZIP 481330000
MORT $212,500.00
BAL $ 212,150.30
RATE 8.250
PAI $ 1,810.64
CLTV 85.000
MATURITY 180401
FEE 0.5000
LOAN 0000022034474
LAST_NAME HODGE
ADDRESS 1575 HOLIDAY AVENUE
CITY EAST LIVERP
STATE OH
ZIP 439200000
MORT $ 30,500.00
BAL $ 30,316.18
RATE 8.200
PAI $ 295.01
CLTV 78.205
MATURITY 130330
FEE 0.5000
LOAN 0000022034516
LAST_NAME GORMALLY
ADDRESS 3677 EAST TREMONT AVENUE
CITY BRONX
STATE NY
ZIP 104610000
MORT $234,000.00
BAL $ 234,000.00
RATE 10.875
PAI $ 2,206.37
CLTV 90.000
MATURITY 130416
FEE 0.5000
LOAN 0000022034573
LAST_NAME QUAYLE
ADDRESS 1613 MICHIGAN STREET
CITY SHEBOYGAN
STATE WI
ZIP 530810000
MORT $ 43,000.00
BAL $ 42,929.24
RATE 8.250
PAI $ 366.39
CLTV 78.181
MATURITY 180330
FEE 0.5000
LOAN 0000022034607
LAST_NAME HOLLINS
ADDRESS 2678 FILLMORE STREET
CITY GARY
STATE IN
ZIP 464070000
MORT $ 29,600.00
BAL $ 29,279.78
RATE 8.250
PAI $ 363.06
CLTV 80.000
MATURITY 80325
FEE 0.5000
LOAN 0000022034623
LAST_NAME WAMPLER
ADDRESS 4984 IRVING STREET
CITY DENVER
STATE CO
ZIP 802210000
MORT $ 28,000.00
BAL $ 27,894.10
RATE 12.650
PAI $ 347.84
CLTV 81.205
MATURITY 130401
FEE 0.5000
LOAN 0000022034631
LAST_NAME PETTWAY
ADDRESS 5031 DIAMOND ROAD
CITY THEODORE
STATE AL
ZIP 365820000
MORT $ 30,000.00
BAL $ 29,873.48
RATE 11.500
PAI $ 350.46
CLTV 55.555
MATURITY 130330
FEE 0.5000
LOAN 0000022034664
LAST_NAME GRACEY
ADDRESS 2404 WESTWOOD AVE
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $ 44,800.00
BAL $ 44,800.00
RATE 10.000
PAI $ 393.15
CLTV 80.000
MATURITY 130513
FEE 0.5000
LOAN 0000022034680
LAST_NAME ZINSER
ADDRESS 865 GOSHEN ROAD
CITY NEWTOWN SQU
STATE PA
ZIP 190730000
MORT $ 76,894.00
BAL $ 76,894.00
RATE 8.550
PAI $ 669.74
CLTV 80.000
MATURITY 180520
FEE 0.5000
LOAN 0000022034698
LAST_NAME SONZERO
ADDRESS 315 FERNDALE ROAD
CITY GLENVIEW
STATE IL
ZIP 600250000
MORT $ 52,500.00
BAL $ 52,500.00
RATE 10.200
PAI $ 570.61
CLTV 72.393
MATURITY 130526
FEE 0.5000
LOAN 0000022034706
LAST_NAME PEARSON
ADDRESS 426 OLD FOREST ROAD
CITY RAEFORD
STATE NC
ZIP 283760000
MORT $ 67,500.00
BAL $ 67,344.33
RATE 10.490
PAI $ 745.73
CLTV 90.000
MATURITY 130403
FEE 0.5000
LOAN 0000022034714
LAST_NAME PENNINGTON
ADDRESS 515 GLOVERS FERRY ROAD
CITY ALPINE
STATE AL
ZIP 350140000
MORT $117,000.00
BAL $ 117,000.00
RATE 9.100
PAI $ 1,060.22
CLTV 90.000
MATURITY 180518
FEE 0.5000
LOAN 0000022034730
LAST_NAME ELZE
ADDRESS 201 SHADY VIEW
CITY PACIFIC
STATE MO
ZIP 630690000
MORT $181,600.00
BAL $ 181,600.00
RATE 8.400
PAI $ 1,450.08
CLTV 80.000
MATURITY 230505
FEE 0.5000
LOAN 0000022034763
LAST_NAME DIMONT
ADDRESS 360 ALBANY STREET
CITY BURLINGTON
STATE NC
ZIP 272150000
MORT $ 47,200.00
BAL $ 47,200.00
RATE 8.700
PAI $ 369.64
CLTV 80.000
MATURITY 130506
FEE 0.5000
LOAN 0000022034797
LAST_NAME TYNER
ADDRESS 3717 30TH PLACE NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $148,000.00
BAL $ 147,756.44
RATE 8.250
PAI $ 1,261.06
CLTV 80.000
MATURITY 180323
FEE 0.5000
LOAN 0000022034839
LAST_NAME TIPTON
ADDRESS 6973 CONSERVANCY ROAD
CITY GERMANTOWN
STATE OH
ZIP 453270000
MORT $106,250.00
BAL $ 106,185.89
RATE 8.650
PAI $ 828.30
CLTV 85.000
MATURITY 130330
FEE 0.5000
Page 44
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022034862
LAST_NAME MAY
ADDRESS 4216 MENNONITE ROAD
CITY MANTUA
STATE OH
ZIP 442550000
MORT $ 43,000.00
BAL $ 42,958.41
RATE 9.600
PAI $ 364.71
CLTV 78.181
MATURITY 280330
FEE 0.5000
LOAN 0000022034870
LAST_NAME YOUNG
ADDRESS 811 CLOVIS AVE.
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $ 20,000.00
BAL $ 19,730.98
RATE 8.450
PAI $ 409.85
CLTV 28.169
MATURITY 30404
FEE 0.5000
LOAN 0000022034896
LAST_NAME RESER
ADDRESS 595 N. 400 E
CITY ANGOLA
STATE IN
ZIP 467030000
MORT $ 72,800.00
BAL $ 72,766.33
RATE 9.790
PAI $ 627.60
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000022034912
LAST_NAME BURNETTE
ADDRESS 612 BURNS STREET, SE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $ 77,350.00
BAL $ 77,280.43
RATE 9.950
PAI $ 675.95
CLTV 77.350
MATURITY 280327
FEE 0.5000
LOAN 0000022034920
LAST_NAME GAITHER
ADDRESS 1517 JENIFER STREET
CITY HYATTSVILLE
STATE MD
ZIP 207820000
MORT $ 25,000.00
BAL $ 24,744.98
RATE 9.300
PAI $ 320.77
CLTV 18.656
MATURITY 80330
FEE 0.5000
LOAN 0000022034938
LAST_NAME JACKSON
ADDRESS 1504 HOWARD RD. SE
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $ 60,000.00
BAL $ 59,941.97
RATE 9.600
PAI $ 508.90
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000022034946
LAST_NAME LITTLE
ADDRESS 617 LARCHMONT AVENUE
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $ 93,500.00
BAL $ 93,460.79
RATE 10.250
PAI $ 837.86
CLTV 77.916
MATURITY 280404
FEE 0.5000
LOAN 0000022034953
LAST_NAME CHEW
ADDRESS 3834 SIXES ROAD
CITY PRINCE FRED
STATE MD
ZIP 206780000
MORT $146,800.00
BAL $ 146,268.10
RATE 7.500
PAI $ 1,182.62
CLTV 80.000
MATURITY 180320
FEE 0.5000
LOAN 0000022034961
LAST_NAME RANDALL
ADDRESS 126 JOLIET STREET
CITY WASHINGTON
STATE DC
ZIP 200320000
MORT $ 64,000.00
BAL $ 63,973.73
RATE 10.350
PAI $ 578.27
CLTV 69.945
MATURITY 130404
FEE 0.5000
LOAN 0000022034979
LAST_NAME MOORE
ADDRESS 106 ELMIRA STREET SW
CITY WASHINGTON
STATE DC
ZIP 200320000
MORT $ 80,800.00
BAL $ 80,718.49
RATE 9.400
PAI $ 673.53
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000022035000
LAST_NAME FLEET
ADDRESS 3010 11TH STREET NW
CITY WASHINGTON
STATE DC
ZIP 200010000
MORT $104,800.00
BAL $ 104,742.15
RATE 8.950
PAI $ 839.48
CLTV 80.000
MATURITY 280404
FEE 0.5000
LOAN 0000022035018
LAST_NAME BURNETT
ADDRESS 722 HAMILTON STREET NE
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $100,000.00
BAL $ 99,945.26
RATE 8.990
PAI $ 803.91
CLTV 80.116
MATURITY 130328
FEE 0.5000
LOAN 0000022035026
LAST_NAME NASH
ADDRESS 112 W OSTEND
CITY BALTIMORE
STATE MD
ZIP 212300000
MORT $104,000.00
BAL $ 103,942.60
RATE 8.950
PAI $ 833.07
CLTV 80.000
MATURITY 280323
FEE 0.5000
LOAN 0000022035034
LAST_NAME THOMPSON
ADDRESS 1202 CANYON ROAD
CITY SILVER SPRI
STATE MD
ZIP 209040000
MORT $ 44,000.00
BAL $ 43,760.21
RATE 8.700
PAI $ 438.46
CLTV 25.581
MATURITY 130330
FEE 0.5000
LOAN 0000022035059
LAST_NAME RYAN
ADDRESS 2187 ARKANSAS
CITY OREGON
STATE OH
ZIP 436160000
MORT $ 18,000.00
BAL $ 17,988.81
RATE 11.650
PAI $ 180.32
CLTV 52.941
MATURITY 280401
FEE 0.5000
LOAN 0000022035109
LAST_NAME DAVIS
ADDRESS 27 QUEEN ROAD
CITY CANDLER
STATE NC
ZIP 287150000
MORT $ 53,500.00
BAL $ 53,429.45
RATE 9.990
PAI $ 515.94
CLTV 79.259
MATURITY 180403
FEE 0.5000
LOAN 0000022035117
LAST_NAME SMITH
ADDRESS 1603 TOAD HOLLOW ROAD
CITY CHILLICOTHE
STATE OH
ZIP 456010000
MORT $ 60,300.00
BAL $ 60,155.84
RATE 10.100
PAI $ 651.69
CLTV 90.000
MATURITY 130406
FEE 0.5000
LOAN 0000022035133
LAST_NAME TUCKER
ADDRESS 26 WASHINGTON BLVD.
CITY MT. VERNON
STATE NY
ZIP 105500000
MORT $120,000.00
BAL $ 120,000.00
RATE 9.500
PAI $ 1,009.03
CLTV 74.534
MATURITY 130501
FEE 0.5000
LOAN 0000022035182
LAST_NAME BARLOW
ADDRESS 16 LAMONT RD
CITY BURLINGTON
STATE NJ
ZIP 080160000
MORT $ 57,000.00
BAL $ 56,980.97
RATE 11.300
PAI $ 555.78
CLTV 58.163
MATURITY 280420
FEE 0.5000
LOAN 0000022035190
LAST_NAME DANIELS
ADDRESS 1048 WEST 108TH PLACE
CITY CHICAGO
STATE IL
ZIP 606430000
MORT $ 83,700.00
BAL $ 83,700.00
RATE 9.100
PAI $ 758.47
CLTV 90.000
MATURITY 180511
FEE 0.5000
LOAN 0000022035216
LAST_NAME FLOYD
ADDRESS 2015 DOUGLAS STREET NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $ 68,000.00
BAL $ 67,928.47
RATE 9.200
PAI $ 556.96
CLTV 66.666
MATURITY 130330
FEE 0.5000
LOAN 0000022035240
LAST_NAME SNYDER
ADDRESS 6412 LINDEN ROAD
CITY SWARTZ CREE
STATE MI
ZIP 484730000
MORT $ 65,750.00
BAL $ 65,750.00
RATE 12.390
PAI $ 696.11
CLTV 80.972
MATURITY 280501
FEE 0.5000
LOAN 0000022035273
LAST_NAME TINKLEPAUGH
ADDRESS 128 CASTLE HEIGHTS AVENUE
CITY PENNSVILLE
STATE NJ
ZIP 080700000
MORT $ 57,200.00
BAL $ 56,961.63
RATE 7.950
PAI $ 476.67
CLTV 72.405
MATURITY 180508
FEE 0.5000
LOAN 0000022035364
LAST_NAME KIRALY
ADDRESS 3830 N RIDGE WEST ROAD
CITY ASHTABULA
STATE OH
ZIP 440040000
MORT $ 25,000.00
BAL $ 24,978.24
RATE 13.100
PAI $ 294.68
CLTV 78.125
MATURITY 180501
FEE 0.5000
LOAN 0000022035372
LAST_NAME PENT
ADDRESS 205 S WOODLAND STREET
CITY WINTER GARD
STATE FL
ZIP 347870000
MORT $ 94,400.00
BAL $ 93,452.22
RATE 8.250
PAI $ 709.20
CLTV 80.000
MATURITY 270228
FEE 0.5000
LOAN 0000022035406
LAST_NAME BUDA
ADDRESS 200 JENIFORD ROAD
CITY FAIRFIELD
STATE CT
ZIP 064300000
MORT $ 39,000.00
BAL $ 38,695.45
RATE 8.800
PAI $ 489.82
CLTV 15.294
MATURITY 80417
FEE 0.5000
LOAN 0000022035414
LAST_NAME GARCIA
ADDRESS 1016 CIMARRON DRIVE
CITY PUNTA GORDA
STATE FL
ZIP 339500000
MORT $ 20,000.00
BAL $ 19,442.04
RATE 8.990
PAI $ 202.73
CLTV 9.049
MATURITY 120625
FEE 0.5000
LOAN 0000022035455
LAST_NAME JACKSON
ADDRESS 6523 VERNON STREET
CITY ORLANDO
STATE FL
ZIP 328180000
MORT $ 73,600.00
BAL $ 73,013.08
RATE 8.650
PAI $ 573.76
CLTV 80.000
MATURITY 270407
FEE 0.5000
LOAN 0000022035463
LAST_NAME MURPHY
ADDRESS 2225 FULTON STREET
CITY AURORA
STATE CO
ZIP 800100000
MORT $ 68,000.00
BAL $ 67,191.13
RATE 8.250
PAI $ 510.86
CLTV 80.000
MATURITY 270226
FEE 0.5000
LOAN 0000022035471
LAST_NAME HURST
ADDRESS 5399 T R #212 ROAD
CITY BELLEFONTAI
STATE OH
ZIP 433310000
MORT $ 11,000.00
BAL $ 10,874.62
RATE 14.650
PAI $ 259.67
CLTV 61.771
MATURITY 30401
FEE 0.5000
LOAN 0000022035497
LAST_NAME LAWSON
ADDRESS 611 BEVERLY DRIVE
CITY PIQUA
STATE OH
ZIP 453560000
MORT $ 36,000.00
BAL $ 35,844.88
RATE 12.150
PAI $ 519.62
CLTV 54.545
MATURITY 80401
FEE 0.5000
LOAN 0000022035513
LAST_NAME MERAI
ADDRESS 7537B N MAPLEWOOD AVENUE
CITY CHICAGO
STATE IL
ZIP 606450000
MORT $114,300.00
BAL $ 114,300.00
RATE 8.650
PAI $ 891.05
CLTV 90.000
MATURITY 130501
FEE 0.5000
LOAN 0000022035547
LAST_NAME HUGHES
ADDRESS 1808 S MAGNOLIA DRIVE
CITY TALLAHASSEE
STATE FL
ZIP 323010000
MORT $ 56,000.00
BAL $ 52,894.47
RATE 8.300
PAI $ 688.35
CLTV 65.116
MATURITY 70728
FEE 0.5000
LOAN 0000022035562
LAST_NAME HEATH
ADDRESS 110 E POTTAWATAMIE STREET
CITY TECUMSEH
STATE MI
ZIP 492860000
MORT $ 97,240.00
BAL $ 97,240.00
RATE 12.090
PAI $ 1,172.68
CLTV 79.704
MATURITY 130501
FEE 0.5000
LOAN 0000022035588
LAST_NAME FINNERTY
ADDRESS 325 URANUS TR.
CITY OSTEEN
STATE FL
ZIP 327640000
MORT $ 40,000.00
BAL $ 39,671.17
RATE 8.500
PAI $ 307.57
CLTV 36.363
MATURITY 270407
FEE 0.5000
LOAN 0000022035596
LAST_NAME MASKER
ADDRESS 6109 SW 1ST STREET
CITY MARGATE
STATE FL
ZIP 330600000
MORT $ 60,000.00
BAL $ 59,607.36
RATE 8.300
PAI $ 452.87
CLTV 80.000
MATURITY 270728
FEE 0.5000
LOAN 0000022035612
LAST_NAME HOSTETLER
ADDRESS 544 CAVALIER AVENUE
CITY DELTONA
STATE FL
ZIP 327250000
MORT $ 56,000.00
BAL $ 55,672.93
RATE 8.300
PAI $ 422.68
CLTV 75.675
MATURITY 270802
FEE 0.5000
LOAN 0000022035646
LAST_NAME HUCKABY
ADDRESS 12613 DARREN COURT
CITY RIVERVIEW
STATE FL
ZIP 335690000
MORT $ 44,500.00
BAL $ 42,025.14
RATE 10.250
PAI $ 783.86
CLTV 68.461
MATURITY 40602
FEE 0.5000
LOAN 0000022035653
LAST_NAME NAILS
ADDRESS 1681 BAYVIEW DRIVE
CITY LAKELAND
STATE FL
ZIP 338050000
MORT $ 28,000.00
BAL $ 27,271.00
RATE 8.300
PAI $ 272.45
CLTV 36.363
MATURITY 120802
FEE 0.5000
LOAN 0000022035679
LAST_NAME MCCOMAS
ADDRESS 824 NOKOMIS AVENUE
CITY VENICE
STATE FL
ZIP 342850000
MORT $ 49,000.00
BAL $ 48,661.28
RATE 8.300
PAI $ 369.84
CLTV 32.666
MATURITY 270802
FEE 0.5000
LOAN 0000022035687
LAST_NAME MEDINA
ADDRESS 1123 S PALM WAY
CITY LAKE WORTH
STATE FL
ZIP 334600000
MORT $ 50,000.00
BAL $ 49,637.00
RATE 8.250
PAI $ 375.63
CLTV 50.050
MATURITY 270702
FEE 0.5000
Page 45
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022035703
LAST_NAME ALLEN
ADDRESS 521 SW NAUTICAL AVENUE
CITY PORT ST. LU
STATE FL
ZIP 349840000
MORT $ 60,800.00
BAL $ 60,604.60
RATE 8.300
PAI $ 458.91
CLTV 80.000
MATURITY 271202
FEE 0.5000
LOAN 0000022035729
LAST_NAME JONES
ADDRESS 14541 IROQUOIS AVENUE
CITY LARGO
STATE FL
ZIP 337740000
MORT $ 80,000.00
BAL $ 79,691.69
RATE 8.300
PAI $ 603.83
CLTV 79.207
MATURITY 271126
FEE 0.5000
LOAN 0000022035737
LAST_NAME DREESZEN
ADDRESS 3735 MESA GRANDE DRIVE
CITY COLORADO SP
STATE CO
ZIP 809180000
MORT $ 82,600.00
BAL $ 82,117.62
RATE 8.300
PAI $ 623.45
CLTV 78.666
MATURITY 270728
FEE 0.5000
LOAN 0000022035752
LAST_NAME JONES
ADDRESS 4322 W GRACE STREET
CITY TAMPA
STATE FL
ZIP 336070000
MORT $ 34,000.00
BAL $ 33,514.97
RATE 8.300
PAI $ 330.84
CLTV 73.118
MATURITY 121202
FEE 0.5000
LOAN 0000022035786
LAST_NAME GANLY
ADDRESS 2610 GLEN MAWR RD.
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $ 42,500.00
BAL $ 41,642.47
RATE 8.250
PAI $ 412.31
CLTV 65.384
MATURITY 121119
FEE 0.5000
LOAN 0000022035794
LAST_NAME MCCLINTOCK
ADDRESS 234 33RD STREET
CITY WEST PALM B
STATE FL
ZIP 334070000
MORT $ 92,000.00
BAL $ 91,076.31
RATE 8.250
PAI $ 691.17
CLTV 80.000
MATURITY 270225
FEE 0.5000
LOAN 0000022035802
LAST_NAME KRUPP
ADDRESS 8309 W PERIWINKLE LANE
CITY HOMOSASSA
STATE FL
ZIP 344460000
MORT $ 38,500.00
BAL $ 29,163.61
RATE 8.300
PAI $ 290.59
CLTV 40.526
MATURITY 271124
FEE 0.5000
LOAN 0000022035836
LAST_NAME ELLIOTT
ADDRESS 2453 BUNNLEVEL-ERWIN RD
CITY BUNNLEVEL
STATE NC
ZIP 283230000
MORT $ 57,600.00
BAL $ 57,600.00
RATE 11.800
PAI $ 583.63
CLTV 80.000
MATURITY 130415
FEE 0.5000
LOAN 0000022035844
LAST_NAME MITTAN
ADDRESS 2700 CITRON DRIVE
CITY LONGWOOD
STATE FL
ZIP 327790000
MORT $ 80,000.00
BAL $ 79,253.06
RATE 8.250
PAI $ 601.01
CLTV 70.796
MATURITY 270312
FEE 0.5000
LOAN 0000022035851
LAST_NAME JONES
ADDRESS 3700 MILWAUKEE STREET
CITY DENVER
STATE CO
ZIP 802050000
MORT $ 34,000.00
BAL $ 33,718.10
RATE 8.300
PAI $ 290.77
CLTV 48.571
MATURITY 171202
FEE 0.5000
LOAN 0000022035869
LAST_NAME GOSTOMSKI
ADDRESS 6110 BEACH AVENUE
CITY GIBSONTON
STATE FL
ZIP 335340000
MORT $ 31,800.00
BAL $ 31,178.55
RATE 8.650
PAI $ 278.99
CLTV 70.666
MATURITY 170428
FEE 0.5000
LOAN 0000022035877
LAST_NAME COLON
ADDRESS 1193 FLEXON AVE
CITY WILLIAMSTOW
STATE NJ
ZIP 080940000
MORT $ 62,500.00
BAL $ 62,168.16
RATE 8.990
PAI $ 791.39
CLTV 78.125
MATURITY 80429
FEE 0.5000
LOAN 0000022035901
LAST_NAME HALVEY
ADDRESS 2325 34TH AVENUE NORTH
CITY ST. PETERSB
STATE FL
ZIP 337130000
MORT $ 39,650.00
BAL $ 38,968.93
RATE 8.300
PAI $ 385.81
CLTV 67.203
MATURITY 121124
FEE 0.5000
LOAN 0000022035919
LAST_NAME JOHNSON
ADDRESS 106 ELIZABETH AVENUE
CITY EATONVILLE
STATE FL
ZIP 327510000
MORT $ 39,200.00
BAL $ 39,048.93
RATE 8.300
PAI $ 295.88
CLTV 80.000
MATURITY 271124
FEE 0.5000
LOAN 0000022035927
LAST_NAME CHARETTE
ADDRESS 3240 SW 2ND STREET
CITY DEERFIELD B
STATE FL
ZIP 333420000
MORT $ 96,400.00
BAL $ 93,613.35
RATE 9.500
PAI $ 1,006.63
CLTV 81.008
MATURITY 120602
FEE 0.5000
LOAN 0000022035935
LAST_NAME DONAHUE
ADDRESS 2359 3RD AVENUE NORTH
CITY ST. PETERSB
STATE FL
ZIP 337130000
MORT $ 44,500.00
BAL $ 44,328.41
RATE 8.300
PAI $ 335.88
CLTV 72.950
MATURITY 271125
FEE 0.5000
LOAN 0000022035943
LAST_NAME HARLOW
ADDRESS 3609 W IOWA AVENUE
CITY TAMPA
STATE FL
ZIP 336110000
MORT $ 44,800.00
BAL $ 43,605.72
RATE 8.300
PAI $ 435.93
CLTV 80.000
MATURITY 120802
FEE 0.5000
LOAN 0000022035968
LAST_NAME BELL
ADDRESS 3199 N. TYRONE AVENUE
CITY HERNANDO
STATE FL
ZIP 344420000
MORT $100,000.00
BAL $ 98,996.03
RATE 8.250
PAI $ 751.27
CLTV 80.000
MATURITY 270225
FEE 0.5000
LOAN 0000022035992
LAST_NAME CARDIN
ADDRESS 46 VAN BUREN AVENUE
CITY RAVENA
STATE NY
ZIP 121430000
MORT $ 57,400.00
BAL $ 57,310.17
RATE 8.650
PAI $ 503.59
CLTV 75.526
MATURITY 180330
FEE 0.5000
LOAN 0000022036008
LAST_NAME HARTSON
ADDRESS 441 W ELM STREET
CITY WAUSEON
STATE OH
ZIP 435670000
MORT $ 47,600.00
BAL $ 47,589.36
RATE 13.100
PAI $ 530.27
CLTV 70.000
MATURITY 280401
FEE 0.5000
LOAN 0000022036016
LAST_NAME BREMS
ADDRESS 954 YALE STREET NORTH
CITY ST. PETERSB
STATE FL
ZIP 337130000
MORT $ 32,500.00
BAL $ 31,154.85
RATE 8.250
PAI $ 315.30
CLTV 46.428
MATURITY 120220
FEE 0.5000
LOAN 0000022036057
LAST_NAME BURKER
ADDRESS 609 DEL NORTE
CITY FOUNTAIN
STATE CO
ZIP 808170000
MORT $ 64,000.00
BAL $ 63,753.42
RATE 8.300
PAI $ 483.06
CLTV 80.000
MATURITY 271120
FEE 0.5000
LOAN 0000022036099
LAST_NAME GULVIN
ADDRESS 15529 PUCKETT ROAD
CITY DADE CITY
STATE FL
ZIP 335250000
MORT $ 80,000.00
BAL $ 79,185.12
RATE 8.300
PAI $ 684.17
CLTV 78.431
MATURITY 171117
FEE 0.5000
LOAN 0000022036107
LAST_NAME LAGUNAS
ADDRESS 6831 MORRISON DRIVE
CITY DENVER
STATE CO
ZIP 802210000
MORT $ 75,700.00
BAL $ 75,408.33
RATE 8.300
PAI $ 571.37
CLTV 74.215
MATURITY 271125
FEE 0.5000
LOAN 0000022036131
LAST_NAME KLEIN
ADDRESS 15163 EASTWOOD TRAIL
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $ 32,000.00
BAL $ 31,450.29
RATE 8.300
PAI $ 311.38
CLTV 29.090
MATURITY 121119
FEE 0.5000
LOAN 0000022036156
LAST_NAME BRICKLEY
ADDRESS 1530 ROUNDTREE ROAD
CITY HOLIDAY
STATE FL
ZIP 346900000
MORT $ 35,600.00
BAL $ 35,462.85
RATE 8.300
PAI $ 268.70
CLTV 74.166
MATURITY 271119
FEE 0.5000
LOAN 0000022036164
LAST_NAME KORNEGAY
ADDRESS 803 WOODLAND ROAD
CITY CREEDMOOR
STATE NC
ZIP 275220000
MORT $ 69,300.00
BAL $ 68,109.62
RATE 8.300
PAI $ 674.32
CLTV 72.947
MATURITY 121202
FEE 0.5000
LOAN 0000022036180
LAST_NAME BYNOE
ADDRESS 5007 88TH STREET
CITY TAMPA
STATE FL
ZIP 336190000
MORT $ 33,000.00
BAL $ 30,802.26
RATE 8.300
PAI $ 321.11
CLTV 64.705
MATURITY 120721
FEE 0.5000
LOAN 0000022036198
LAST_NAME GAINOUS
ADDRESS 213 SOUTH CAROLINE
CITY DAYTONA BEA
STATE FL
ZIP 321140000
MORT $ 62,400.00
BAL $ 61,545.05
RATE 8.500
PAI $ 479.80
CLTV 80.000
MATURITY 270226
FEE 0.5000
LOAN 0000022036222
LAST_NAME MORRIS
ADDRESS 935 VONDELPARK DRIVE
CITY COLORADO SP
STATE CO
ZIP 809070000
MORT $110,400.00
BAL $ 110,046.74
RATE 8.300
PAI $ 833.28
CLTV 80.000
MATURITY 271202
FEE 0.5000
LOAN 0000022036230
LAST_NAME BARTOSAVAGE
ADDRESS 18736 OAK WAY DRIVE
CITY HUDSON
STATE FL
ZIP 346670000
MORT $103,200.00
BAL $ 102,869.77
RATE 8.300
PAI $ 778.94
CLTV 80.000
MATURITY 271124
FEE 0.5000
LOAN 0000022036255
LAST_NAME ARDREN
ADDRESS 1243 2ND STREET
CITY SARASOTA
STATE FL
ZIP 342360000
MORT $ 52,000.00
BAL $ 51,477.92
RATE 8.250
PAI $ 390.66
CLTV 80.000
MATURITY 270212
FEE 0.5000
LOAN 0000022036271
LAST_NAME FITZPATRICK
ADDRESS 10534 113TH AVENUE NORTH
CITY LARGO
STATE FL
ZIP 346430000
MORT $ 53,240.00
BAL $ 50,862.11
RATE 8.250
PAI $ 399.97
CLTV 73.434
MATURITY 270210
FEE 0.5000
LOAN 0000022036289
LAST_NAME VALDEZ
ADDRESS CNTY RD 0041,DRIVE 1036,#
CITY ALCALDE
STATE NM
ZIP 875110000
MORT $125,550.00
BAL $ 125,446.49
RATE 10.350
PAI $ 1,134.40
CLTV 81.000
MATURITY 280205
FEE 0.5000
LOAN 0000022036297
LAST_NAME SCHLITTLER
ADDRESS 1120 YOUNGFIELD STREET
CITY GOLDEN
STATE CO
ZIP 804010000
MORT $144,000.00
BAL $ 143,445.14
RATE 8.300
PAI $ 1,086.89
CLTV 80.000
MATURITY 271126
FEE 0.5000
LOAN 0000022036305
LAST_NAME CHOICE
ADDRESS RT 1 BOX 62
CITY GREENVILLE
STATE FL
ZIP 323310000
MORT $ 36,900.00
BAL $ 35,753.75
RATE 8.500
PAI $ 363.37
CLTV 56.769
MATURITY 120702
FEE 0.5000
LOAN 0000022036321
LAST_NAME NANCE
ADDRESS 1527 CARIOCA DRIVE
CITY LAKELAND
STATE FL
ZIP 338010000
MORT $ 41,000.00
BAL $ 39,139.92
RATE 8.250
PAI $ 349.35
CLTV 63.076
MATURITY 170207
FEE 0.5000
LOAN 0000022036339
LAST_NAME FRITZ
ADDRESS 5149 N ELPASO TERRACE
CITY BEVERLY HIL
STATE FL
ZIP 344650000
MORT $112,800.00
BAL $ 112,439.04
RATE 8.300
PAI $ 851.40
CLTV 80.000
MATURITY 271126
FEE 0.5000
LOAN 0000022036347
LAST_NAME AYALA
ADDRESS 8402 BEDFORD LANE
CITY TAMPA
STATE FL
ZIP 336150000
MORT $102,400.00
BAL $ 102,005.12
RATE 8.300
PAI $ 772.90
CLTV 80.000
MATURITY 271121
FEE 0.5000
LOAN 0000022036354
LAST_NAME SWEET
ADDRESS 13047 EAST 27TH STREET
CITY TULSA
STATE OK
ZIP 741340000
MORT $ 25,000.00
BAL $ 24,941.58
RATE 10.950
PAI $ 257.20
CLTV 78.444
MATURITY 180215
FEE 0.5000
LOAN 0000022036370
LAST_NAME STAMPER
ADDRESS 3850 DEAUVILLE STREET
CITY TITUSVILLE
STATE FL
ZIP 327960000
MORT $ 30,000.00
BAL $ 29,649.37
RATE 8.300
PAI $ 256.56
CLTV 53.571
MATURITY 171125
FEE 0.5000
Page 46
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022036388
LAST_NAME NORBACK
ADDRESS 447 PERL STREET
CITY PORT CHARLO
STATE FL
ZIP 339540000
MORT $ 65,600.00
BAL $ 65,347.23
RATE 8.300
PAI $ 495.14
CLTV 80.000
MATURITY 271121
FEE 0.5000
LOAN 0000022036396
LAST_NAME JOHNSON
ADDRESS 1107 CONGRESS STREET SE
CITY WASHINGTON
STATE DC
ZIP 200320000
MORT $ 58,500.00
BAL $ 58,474.06
RATE 9.990
PAI $ 512.95
CLTV 78.000
MATURITY 280330
FEE 0.5000
LOAN 0000022036404
LAST_NAME JOHNSON
ADDRESS 325 6TH STREET NE
CITY LARGO
STATE FL
ZIP 337700000
MORT $ 52,000.00
BAL $ 50,269.73
RATE 8.300
PAI $ 392.49
CLTV 77.611
MATURITY 270728
FEE 0.5000
LOAN 0000022036412
LAST_NAME CHARLESTON
ADDRESS 16763 AUBURN ROAD
CITY HUNTERTOWN
STATE IN
ZIP 467480000
MORT $120,000.00
BAL $ 119,537.33
RATE 8.300
PAI $ 905.74
CLTV 80.000
MATURITY 271115
FEE 0.5000
LOAN 0000022036438
LAST_NAME BILBREY
ADDRESS 4080 KINCORD LANE
CITY NORTH PORT
STATE FL
ZIP 342870000
MORT $ 52,880.00
BAL $ 52,710.79
RATE 8.300
PAI $ 399.13
CLTV 78.925
MATURITY 271126
FEE 0.5000
LOAN 0000022036446
LAST_NAME REDCROSS
ADDRESS 1227 OAK DRIVE
CITY WILLIAMSBUR
STATE VA
ZIP 231850000
MORT $ 68,000.00
BAL $ 68,000.00
RATE 10.490
PAI $ 678.44
CLTV 80.000
MATURITY 180518
FEE 0.5000
LOAN 0000022036487
LAST_NAME HICKS
ADDRESS 12466 BROOKSIDE STREET
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $ 91,200.00
BAL $ 90,848.61
RATE 8.300
PAI $ 688.36
CLTV 80.000
MATURITY 271119
FEE 0.5000
LOAN 0000022036578
LAST_NAME PEREZ
ADDRESS 746 HOLLYWOOD PLACE
CITY WEST PALM B
STATE FL
ZIP 334050000
MORT $ 46,500.00
BAL $ 43,302.74
RATE 8.250
PAI $ 451.12
CLTV 66.428
MATURITY 120305
FEE 0.5000
LOAN 0000022036586
LAST_NAME PORRECA
ADDRESS 225 CENTRAL AVENUE
CITY NORTH PROVI
STATE RI
ZIP 029040000
MORT $ 84,000.00
BAL $ 84,000.00
RATE 7.600
PAI $ 593.11
CLTV 78.504
MATURITY 280430
FEE 0.5000
LOAN 0000022036677
LAST_NAME SHUEMAKE
ADDRESS 210 MAIN STREET
CITY HAMERSVILLE
STATE OH
ZIP 451300000
MORT $ 49,600.00
BAL $ 48,940.36
RATE 8.300
PAI $ 424.18
CLTV 70.857
MATURITY 171117
FEE 0.5000
LOAN 0000022036693
LAST_NAME GIBSON
ADDRESS 610 TERRACE CT
CITY NEW ALBANY
STATE IN
ZIP 471500000
MORT $ 76,000.00
BAL $ 75,882.54
RATE 8.750
PAI $ 671.63
CLTV 80.000
MATURITY 180413
FEE 0.5000
LOAN 0000022036727
LAST_NAME WALKE
ADDRESS 10235 LILLIAN HIGHWAY
CITY PENSACOLA
STATE FL
ZIP 325060000
MORT $120,000.00
BAL $ 119,525.42
RATE 8.300
PAI $ 905.74
CLTV 77.419
MATURITY 271115
FEE 0.5000
LOAN 0000022036735
LAST_NAME TURNER
ADDRESS 4810 9TH AVENUE SOUTH
CITY ST. PETERSB
STATE FL
ZIP 337110000
MORT $ 48,000.00
BAL $ 47,719.63
RATE 8.300
PAI $ 362.30
CLTV 77.419
MATURITY 270805
FEE 0.5000
LOAN 0000022036750
LAST_NAME WHEELER
ADDRESS 1423 HARTSELL AVENUE
CITY LAKELAND
STATE FL
ZIP 338030000
MORT $ 40,000.00
BAL $ 39,835.37
RATE 8.300
PAI $ 301.91
CLTV 76.923
MATURITY 271117
FEE 0.5000
LOAN 0000022036768
LAST_NAME CUSCINA
ADDRESS 256 GARDENIA ROAD
CITY VENICE
STATE FL
ZIP 342930000
MORT $ 76,800.00
BAL $ 75,028.77
RATE 8.300
PAI $ 747.30
CLTV 80.000
MATURITY 120808
FEE 0.5000
LOAN 0000022036776
LAST_NAME DAVIS
ADDRESS 2004 TAM-O-SHANTER LN
CITY KOKOMO
STATE IN
ZIP 469020000
MORT $ 62,280.00
BAL $ 62,098.41
RATE 7.900
PAI $ 591.60
CLTV 79.846
MATURITY 130403
FEE 0.5000
LOAN 0000022036800
LAST_NAME BEARDSLEY
ADDRESS 2818 FAYSON CIRCLE
CITY DELTONA
STATE FL
ZIP 327350000
MORT $ 50,000.00
BAL $ 49,708.00
RATE 8.300
PAI $ 377.39
CLTV 61.728
MATURITY 270819
FEE 0.5000
LOAN 0000022036818
LAST_NAME JESSIE
ADDRESS 3 POWERS AVENUE
CITY TUPPER LAKE
STATE NY
ZIP 129860000
MORT $ 83,700.00
BAL $ 83,440.34
RATE 8.750
PAI $ 739.67
CLTV 76.090
MATURITY 180326
FEE 0.5000
LOAN 0000022036834
LAST_NAME HICKS
ADDRESS 3201 DOUGLAS DALE RD
CITY RICHMOND
STATE VA
ZIP 232210000
MORT $ 84,150.00
BAL $ 84,150.00
RATE 8.940
PAI $ 673.47
CLTV 85.000
MATURITY 280413
FEE 0.5000
LOAN 0000022036842
LAST_NAME CRINNIAN
ADDRESS 8378 139TH LANE NORTH
CITY SEMINOLE
STATE FL
ZIP 337760000
MORT $ 94,000.00
BAL $ 93,450.99
RATE 8.300
PAI $ 709.50
CLTV 66.666
MATURITY 270811
FEE 0.5000
LOAN 0000022036859
LAST_NAME SUGGS
ADDRESS 8013 ALAFIA RIDGE ROAD
CITY RIVERVIEW
STATE FL
ZIP 335690000
MORT $101,600.00
BAL $ 101,208.51
RATE 8.300
PAI $ 766.86
CLTV 80.000
MATURITY 271117
FEE 0.5000
LOAN 0000022036867
LAST_NAME STEELMON
ADDRESS 1150 DAYTON STREET
CITY AURORA
STATE CO
ZIP 800100000
MORT $ 79,200.00
BAL $ 78,732.15
RATE 8.300
PAI $ 597.79
CLTV 80.000
MATURITY 270808
FEE 0.5000
LOAN 0000022036875
LAST_NAME RIVERA
ADDRESS 78 SMITHTOWN POLK BLVD.
CITY CENTEREACH
STATE NY
ZIP 117200000
MORT $101,500.00
BAL $ 101,451.12
RATE 9.600
PAI $ 860.88
CLTV 88.260
MATURITY 280401
FEE 0.5000
LOAN 0000022036883
LAST_NAME MAZZIOTT
ADDRESS 1007 N. MARLYN AVENUE
CITY BALTIMORE
STATE MD
ZIP 212210000
MORT $ 66,300.00
BAL $ 66,228.33
RATE 11.500
PAI $ 707.04
CLTV 85.000
MATURITY 180406
FEE 0.5000
LOAN 0000022036909
LAST_NAME SKINNER
ADDRESS 701 CROWN STREET
CITY BROOKLYN
STATE NY
ZIP 112130000
MORT $229,500.00
BAL $ 229,500.00
RATE 11.600
PAI $ 2,290.25
CLTV 90.000
MATURITY 130501
FEE 0.5000
LOAN 0000022036933
LAST_NAME ABATO
ADDRESS 570 GERALDINE DRIVE
CITY DELTONA
STATE FL
ZIP 327250000
MORT $ 68,000.00
BAL $ 67,556.00
RATE 8.300
PAI $ 513.25
CLTV 80.000
MATURITY 270802
FEE 0.5000
LOAN 0000022036958
LAST_NAME RANZ
ADDRESS 77 CATHERINE STREET
CITY EAST HAVEN
STATE CT
ZIP 065120000
MORT $ 90,000.00
BAL $ 90,000.00
RATE 9.750
PAI $ 953.43
CLTV 79.646
MATURITY 130518
FEE 0.5000
LOAN 0000022036966
LAST_NAME ROVELLO
ADDRESS 8225 MEDFORD DRIVE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $ 38,500.00
BAL $ 37,572.17
RATE 8.250
PAI $ 328.05
CLTV 53.472
MATURITY 170228
FEE 0.5000
LOAN 0000022036990
LAST_NAME LEITING
ADDRESS 806 PANORAMA DRIVE
CITY COLORADO SP
STATE CO
ZIP 809040000
MORT $ 26,640.00
BAL $ 24,379.19
RATE 8.250
PAI $ 326.75
CLTV 17.879
MATURITY 70204
FEE 0.5000
LOAN 0000022037022
LAST_NAME WALKER
ADDRESS 21482 GLADIS AVENUE
CITY PORT CHARLO
STATE FL
ZIP 339520000
MORT $ 44,000.00
BAL $ 43,528.74
RATE 8.300
PAI $ 332.11
CLTV 80.000
MATURITY 270802
FEE 0.5000
LOAN 0000022037097
LAST_NAME DEBOLT
ADDRESS 24 GRANT AVENUE
CITY PENN YAN
STATE NY
ZIP 145270000
MORT $ 39,900.00
BAL $ 39,847.39
RATE 9.990
PAI $ 384.78
CLTV 84.893
MATURITY 180330
FEE 0.5000
LOAN 0000022037121
LAST_NAME WALDMANN
ADDRESS 8210 WESTERN WAY DRIVE
CITY PENSACOLA
STATE FL
ZIP 325260000
MORT $ 73,200.00
BAL $ 72,187.07
RATE 8.300
PAI $ 626.01
CLTV 80.000
MATURITY 170828
FEE 0.5000
LOAN 0000022037154
LAST_NAME PACHECO
ADDRESS 2510 CENTRAL ROAD
CITY ROLLING MEA
STATE IL
ZIP 600080000
MORT $100,000.00
BAL $ 99,966.96
RATE 11.350
PAI $ 978.87
CLTV 80.000
MATURITY 130318
FEE 0.5000
LOAN 0000022037162
LAST_NAME DONELSON
ADDRESS 787 HEDLEY PLACE
CITY GAHANNA
STATE OH
ZIP 432300000
MORT $ 80,000.00
BAL $ 80,000.00
RATE 8.450
PAI $ 989.75
CLTV 74.074
MATURITY 80506
FEE 0.5000
LOAN 0000022037204
LAST_NAME CHISHOLM
ADDRESS 1310 NW 111TH STREET
CITY MIAMI
STATE FL
ZIP 331670000
MORT $ 47,199.00
BAL $ 47,199.00
RATE 8.250
PAI $ 402.17
CLTV 55.528
MATURITY 180501
FEE 0.5000
LOAN 0000022037246
LAST_NAME FARMER
ADDRESS 509 HENRY STREET
CITY WALTERBORO
STATE SC
ZIP 294880000
MORT $ 51,300.00
BAL $ 51,073.09
RATE 10.990
PAI $ 582.76
CLTV 90.000
MATURITY 130327
FEE 0.5000
LOAN 0000022037261
LAST_NAME TRACY
ADDRESS 703 5TH STREET
CITY FAIRBURY
STATE NE
ZIP 683520000
MORT $ 25,500.00
BAL $ 25,483.80
RATE 11.550
PAI $ 253.50
CLTV 85.000
MATURITY 130318
FEE 0.5000
LOAN 0000022037295
LAST_NAME RAINS
ADDRESS 4905 BRAID HILLS
CITY ST. PETERS
STATE MO
ZIP 633040000
MORT $ 44,800.00
BAL $ 44,706.87
RATE 11.600
PAI $ 526.20
CLTV 84.986
MATURITY 130410
FEE 0.5000
LOAN 0000022037329
LAST_NAME SANKER
ADDRESS 4471 DEWEY
CITY SAINT LOUIS
STATE MO
ZIP 631160000
MORT $ 34,450.00
BAL $ 34,292.02
RATE 10.600
PAI $ 382.95
CLTV 75.714
MATURITY 130330
FEE 0.5000
LOAN 0000022037337
LAST_NAME DRYDEN
ADDRESS 2626 GLADLANE DRIVE
CITY MONTGOMERY
STATE AL
ZIP 361110000
MORT $ 25,000.00
BAL $ 24,876.63
RATE 9.800
PAI $ 265.60
CLTV 28.089
MATURITY 130401
FEE 0.5000
LOAN 0000022037352
LAST_NAME GIPSON
ADDRESS 12631 FLOWER CREST CT.
CITY ST LOUIS
STATE MO
ZIP 630330000
MORT $ 70,000.00
BAL $ 70,000.00
RATE 10.190
PAI $ 760.38
CLTV 59.574
MATURITY 130501
FEE 0.5000
Page 47
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022037386
LAST_NAME WOODS
ADDRESS 2975 ENDICOTT AVENUE
CITY ST. JOHN
STATE MO
ZIP 631140000
MORT $ 64,000.00
BAL $ 63,976.42
RATE 10.850
PAI $ 602.25
CLTV 85.333
MATURITY 130330
FEE 0.5000
LOAN 0000022037394
LAST_NAME ROBINSON
ADDRESS 2605 UNION STREET
CITY SAINT LOUIS
STATE MO
ZIP 631130000
MORT $ 55,250.00
BAL $ 55,119.13
RATE 10.200
PAI $ 600.50
CLTV 84.351
MATURITY 130401
FEE 0.5000
LOAN 0000022037402
LAST_NAME JONES
ADDRESS 3201 E POWHATTAN
CITY TAMPA
STATE FL
ZIP 336100000
MORT $ 52,000.00
BAL $ 51,833.60
RATE 8.300
PAI $ 392.49
CLTV 77.611
MATURITY 271223
FEE 0.5000
LOAN 0000022037410
LAST_NAME WATSON
ADDRESS 201 GALWAY AVENUE NORTH
CITY JACKSONVILL
STATE FL
ZIP 322180000
MORT $ 33,500.00
BAL $ 32,957.82
RATE 8.050
PAI $ 246.98
CLTV 53.174
MATURITY 271119
FEE 0.5000
LOAN 0000022037428
LAST_NAME GILLUM
ADDRESS 1105 N COOLIDGE AVE
CITY CASA GRANDE
STATE AZ
ZIP 852220000
MORT $ 48,800.00
BAL $ 48,115.96
RATE 8.500
PAI $ 480.55
CLTV 75.076
MATURITY 121222
FEE 0.5000
LOAN 0000022037436
LAST_NAME SCHMIDT
ADDRESS 18912 E KANSAS DRIVE
CITY AURORA
STATE CO
ZIP 800170000
MORT $100,000.00
BAL $ 98,573.49
RATE 8.300
PAI $ 973.05
CLTV 80.000
MATURITY 121202
FEE 0.5000
LOAN 0000022037444
LAST_NAME MASON
ADDRESS 2614 COUNTY ROAD 108
CITY YULEE
STATE FL
ZIP 320970000
MORT $ 68,000.00
BAL $ 66,431.72
RATE 8.300
PAI $ 661.67
CLTV 80.000
MATURITY 120902
FEE 0.5000
LOAN 0000022037451
LAST_NAME STOVER
ADDRESS 1120 GEORGIA BLVD
CITY ORLANDO
STATE FL
ZIP 328030000
MORT $ 20,000.00
BAL $ 19,454.98
RATE 8.300
PAI $ 245.84
CLTV 26.315
MATURITY 71202
FEE 0.5000
LOAN 0000022037469
LAST_NAME EDEN
ADDRESS 1711 NORTH MAIN STREET
CITY VALRICO
STATE FL
ZIP 335940000
MORT $ 17,500.00
BAL $ 17,096.43
RATE 8.300
PAI $ 170.28
CLTV 28.688
MATURITY 120910
FEE 0.5000
LOAN 0000022037477
LAST_NAME TILDEN
ADDRESS 4809 SOUTH 19TH AVENUE
CITY TAMPA
STATE FL
ZIP 336190000
MORT $ 40,800.00
BAL $ 40,597.26
RATE 8.500
PAI $ 313.72
CLTV 78.461
MATURITY 270902
FEE 0.5000
LOAN 0000022037493
LAST_NAME GUY
ADDRESS 15809 SEA PINES DRIVE
CITY HUDSON
STATE FL
ZIP 346670000
MORT $ 58,400.00
BAL $ 58,097.90
RATE 8.300
PAI $ 440.79
CLTV 80.000
MATURITY 270902
FEE 0.5000
LOAN 0000022037501
LAST_NAME SMITH
ADDRESS 3864 10TH STREET NE
CITY ST PETERSBU
STATE FL
ZIP 337030000
MORT $100,000.00
BAL $ 98,629.61
RATE 8.250
PAI $ 751.27
CLTV 80.000
MATURITY 270310
FEE 0.5000
LOAN 0000022037519
LAST_NAME SMITH
ADDRESS 5049 PHILIP STREET
CITY MAPLE HTS
STATE OH
ZIP 441370000
MORT $ 67,200.00
BAL $ 66,799.83
RATE 8.300
PAI $ 507.22
CLTV 80.000
MATURITY 270902
FEE 0.5000
LOAN 0000022037527
LAST_NAME ROYER
ADDRESS 2589 PINE RIDGE ROAD
CITY TALLAHASSEE
STATE FL
ZIP 323080000
MORT $ 76,500.00
BAL $ 73,129.62
RATE 8.300
PAI $ 940.33
CLTV 46.363
MATURITY 70827
FEE 0.5000
LOAN 0000022037535
LAST_NAME PARKER
ADDRESS 8358 SOUTH 1275
CITY EAST SANDY
STATE UT
ZIP 840940000
MORT $126,400.00
BAL $ 125,746.07
RATE 8.300
PAI $ 954.05
CLTV 80.000
MATURITY 270909
FEE 0.5000
LOAN 0000022037543
LAST_NAME CALLER
ADDRESS 8110 MARY'S FISCAMP ROAD
CITY SPRING HILL
STATE FL
ZIP 346070000
MORT $ 56,000.00
BAL $ 55,710.28
RATE 8.300
PAI $ 422.68
CLTV 80.000
MATURITY 270922
FEE 0.5000
LOAN 0000022037550
LAST_NAME FERDON
ADDRESS 12201 PARTRIDGE HILL ROW
CITY HUDSON
STATE FL
ZIP 346670000
MORT $ 68,000.00
BAL $ 67,648.24
RATE 8.300
PAI $ 513.25
CLTV 80.000
MATURITY 270910
FEE 0.5000
LOAN 0000022037568
LAST_NAME CAMPBELL
ADDRESS 4113 RIDDLE STREET
CITY PACE
STATE FL
ZIP 325710000
MORT $ 68,800.00
BAL $ 67,877.80
RATE 8.300
PAI $ 588.38
CLTV 80.000
MATURITY 170902
FEE 0.5000
LOAN 0000022037576
LAST_NAME FRANKLIN
ADDRESS 4047 SAN MASSIMO DRIVE
CITY PUNTA GORDA
STATE FL
ZIP 339500000
MORT $151,000.00
BAL $ 150,218.86
RATE 8.300
PAI $ 1,139.72
CLTV 67.865
MATURITY 270919
FEE 0.5000
LOAN 0000022037584
LAST_NAME MCCLELLAND
ADDRESS 530 S GRANDVIEW STREET
CITY MT DORA
STATE FL
ZIP 327570000
MORT $144,000.00
BAL $ 143,239.84
RATE 8.300
PAI $ 1,086.89
CLTV 80.000
MATURITY 270922
FEE 0.5000
LOAN 0000022037592
LAST_NAME DERY
ADDRESS 3138 LORD MURPHY TRAIL
CITY TALLAHASSEE
STATE FL
ZIP 323080000
MORT $100,000.00
BAL $ 99,548.93
RATE 8.300
PAI $ 754.78
CLTV 80.000
MATURITY 271002
FEE 0.5000
LOAN 0000022037600
LAST_NAME SWICICKI
ADDRESS 8104 WINTHROP DRIVE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $ 41,600.00
BAL $ 41,024.31
RATE 8.300
PAI $ 355.77
CLTV 80.000
MATURITY 170902
FEE 0.5000
LOAN 0000022037618
LAST_NAME BURKE
ADDRESS 5945 LIDDELL DRIVE
CITY NEW PORT RI
STATE FL
ZIP 346520000
MORT $ 17,300.00
BAL $ 16,900.98
RATE 8.300
PAI $ 168.34
CLTV 29.827
MATURITY 120922
FEE 0.5000
LOAN 0000022037626
LAST_NAME SALAS
ADDRESS 1775 W MANILA LN
CITY LECANTO
STATE FL
ZIP 344610000
MORT $ 55,000.00
BAL $ 54,357.18
RATE 8.300
PAI $ 470.36
CLTV 63.953
MATURITY 171002
FEE 0.5000
LOAN 0000022037634
LAST_NAME MCMULLEN
ADDRESS 7548 FARRAGOT STREET
CITY HOLLYWOOD
STATE FL
ZIP 330240000
MORT $ 67,000.00
BAL $ 65,454.81
RATE 8.300
PAI $ 651.94
CLTV 77.906
MATURITY 120917
FEE 0.5000
LOAN 0000022037642
LAST_NAME FOSTER
ADDRESS 1340 S TIMBERIDGE LOOP
CITY LAKELAND
STATE FL
ZIP 338090000
MORT $ 76,000.00
BAL $ 74,247.20
RATE 8.300
PAI $ 739.52
CLTV 80.000
MATURITY 121002
FEE 0.5000
LOAN 0000022037659
LAST_NAME ESTEPE
ADDRESS 2900 NW 171ST TERRACE
CITY MIAMI
STATE FL
ZIP 330560000
MORT $ 48,000.00
BAL $ 47,051.26
RATE 8.500
PAI $ 472.68
CLTV 65.753
MATURITY 121002
FEE 0.5000
LOAN 0000022037667
LAST_NAME COWART
ADDRESS 1420 TROUT ST
CITY MERRITT ISL
STATE FL
ZIP 329520000
MORT $ 82,400.00
BAL $ 80,532.06
RATE 8.500
PAI $ 811.43
CLTV 80.000
MATURITY 120910
FEE 0.5000
LOAN 0000022037675
LAST_NAME THORPE
ADDRESS 240 SW 65TH WAY
CITY PEMBROKE PI
STATE FL
ZIP 330230000
MORT $ 94,400.00
BAL $ 93,974.14
RATE 8.300
PAI $ 712.52
CLTV 80.000
MATURITY 271002
FEE 0.5000
LOAN 0000022037683
LAST_NAME CRONIN
ADDRESS 2545 CHIMAYO
CITY SECURITY
STATE CO
ZIP 809110000
MORT $ 63,200.00
BAL $ 62,873.07
RATE 8.300
PAI $ 477.02
CLTV 80.000
MATURITY 270915
FEE 0.5000
LOAN 0000022037691
LAST_NAME HALL
ADDRESS 920 WELLINGTON AVE
CITY LEHIGH ACRE
STATE FL
ZIP 339360000
MORT $120,000.00
BAL $ 119,411.82
RATE 8.300
PAI $ 905.74
CLTV 80.000
MATURITY 271010
FEE 0.5000
LOAN 0000022037709
LAST_NAME LAWLER
ADDRESS 6790 TINKERBELL LANE
CITY JACKSONVILL
STATE FL
ZIP 322100000
MORT $ 48,000.00
BAL $ 45,879.66
RATE 8.250
PAI $ 588.73
CLTV 80.000
MATURITY 70926
FEE 0.5000
LOAN 0000022037725
LAST_NAME AUSTING
ADDRESS 3772 RAMBLING ROSE CT
CITY ORLANDO
STATE FL
ZIP 328080000
MORT $ 96,000.00
BAL $ 95,503.38
RATE 8.300
PAI $ 724.59
CLTV 80.000
MATURITY 271002
FEE 0.5000
LOAN 0000022037733
LAST_NAME SCHNEIDER
ADDRESS 1819 AMBOY DRIVE
CITY DELTONA
STATE FL
ZIP 327380000
MORT $ 76,000.00
BAL $ 75,657.13
RATE 8.300
PAI $ 573.64
CLTV 76.000
MATURITY 271002
FEE 0.5000
LOAN 0000022037741
LAST_NAME GILLESPIE
ADDRESS 1314 MENDONSA ROAD
CITY PLANT CITY
STATE FL
ZIP 335660000
MORT $ 92,000.00
BAL $ 91,429.19
RATE 8.300
PAI $ 694.40
CLTV 80.000
MATURITY 271002
FEE 0.5000
LOAN 0000022037758
LAST_NAME DAVIS
ADDRESS 116 E MISSOURI AVENUE
CITY FOUNTAIN
STATE CO
ZIP 808170000
MORT $ 57,000.00
BAL $ 56,747.99
RATE 8.400
PAI $ 434.25
CLTV 75.000
MATURITY 270924
FEE 0.5000
LOAN 0000022037766
LAST_NAME BOESCH
ADDRESS 146 ROOSEVELT PLACE
CITY MAITLAND
STATE FL
ZIP 327510000
MORT $100,000.00
BAL $ 98,692.02
RATE 8.500
PAI $ 867.82
CLTV 80.000
MATURITY 170927
FEE 0.5000
LOAN 0000022037774
LAST_NAME MORRIS
ADDRESS 1863 BROOKVIEW DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322460000
MORT $ 48,000.00
BAL $ 47,009.14
RATE 8.030
PAI $ 459.54
CLTV 80.000
MATURITY 121002
FEE 0.5000
LOAN 0000022037782
LAST_NAME BUCHHOLD
ADDRESS 750 VACCINUM WAY
CITY OSTEEN
STATE FL
ZIP 327640000
MORT $ 54,500.00
BAL $ 54,254.14
RATE 8.300
PAI $ 411.36
CLTV 47.391
MATURITY 270926
FEE 0.5000
LOAN 0000022037790
LAST_NAME BERKI
ADDRESS 1520 E WIND DRIVE
CITY KISSIMMEE
STATE FL
ZIP 347460000
MORT $ 94,000.00
BAL $ 93,575.96
RATE 8.300
PAI $ 709.50
CLTV 74.015
MATURITY 271002
FEE 0.5000
LOAN 0000022037808
LAST_NAME GEE
ADDRESS 1779 E 26TH STREET
CITY JACKSONVILL
STATE FL
ZIP 322060000
MORT $ 36,000.00
BAL $ 34,336.89
RATE 8.300
PAI $ 350.30
CLTV 80.000
MATURITY 120728
FEE 0.5000
Page 48
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022037816
LAST_NAME CROSS
ADDRESS 4910 NE 12TH ST
CITY OCALA
STATE FL
ZIP 344700000
MORT $ 50,000.00
BAL $ 49,415.62
RATE 8.300
PAI $ 427.60
CLTV 43.103
MATURITY 171002
FEE 0.5000
LOAN 0000022037824
LAST_NAME PIZZUTO
ADDRESS 1781 VALENCIA DRIVE
CITY VENICE
STATE FL
ZIP 342930000
MORT $ 35,000.00
BAL $ 34,278.37
RATE 8.300
PAI $ 340.57
CLTV 44.871
MATURITY 121002
FEE 0.5000
LOAN 0000022037832
LAST_NAME MEACHAM
ADDRESS 5017 TULIP DR
CITY PENSACOLA
STATE FL
ZIP 325060000
MORT $ 62,400.00
BAL $ 62,015.38
RATE 8.300
PAI $ 470.99
CLTV 80.000
MATURITY 270923
FEE 0.5000
LOAN 0000022037840
LAST_NAME ELLIS
ADDRESS 18515 GULF BLVD
CITY INDIAN SHOR
STATE FL
ZIP 346350000
MORT $113,600.00
BAL $ 113,012.28
RATE 8.300
PAI $ 857.44
CLTV 80.000
MATURITY 270924
FEE 0.5000
LOAN 0000022037873
LAST_NAME DRAKE
ADDRESS 1375 CHILDRESS AVENUE
CITY SAINT LOUIS
STATE MO
ZIP 631390000
MORT $ 42,400.00
BAL $ 42,331.90
RATE 9.650
PAI $ 374.88
CLTV 80.000
MATURITY 230401
FEE 0.5000
LOAN 0000022037899
LAST_NAME BURGER
ADDRESS 1012 ALLEN
CITY SAINT LOUIS
STATE MO
ZIP 631040000
MORT $ 62,000.00
BAL $ 61,971.33
RATE 9.800
PAI $ 534.96
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000022037931
LAST_NAME HARRIS
ADDRESS 373 PRALLE CT.
CITY ST. CHARLES
STATE MO
ZIP 633030000
MORT $ 85,900.00
BAL $ 85,791.44
RATE 11.050
PAI $ 845.03
CLTV 82.995
MATURITY 230313
FEE 0.5000
LOAN 0000022037949
LAST_NAME BRADLEY
ADDRESS 15801 NW 18TH AVENUE
CITY MIAMI
STATE FL
ZIP 330540000
MORT $ 62,400.00
BAL $ 62,400.00
RATE 8.700
PAI $ 549.45
CLTV 80.000
MATURITY 180518
FEE 0.5000
LOAN 0000022037964
LAST_NAME HENDRICKS
ADDRESS 20011 NW 14TH PLACE
CITY MIAMI
STATE FL
ZIP 331690000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 9.250
PAI $ 192.05
CLTV 73.932
MATURITY 80518
FEE 0.5000
LOAN 0000022037972
LAST_NAME SCURLOCK
ADDRESS 10558 LANGFORD
CITY SAINT LOUIS
STATE MO
ZIP 631360000
MORT $ 59,500.00
BAL $ 59,459.18
RATE 10.600
PAI $ 566.05
CLTV 85.000
MATURITY 230330
FEE 0.5000
LOAN 0000022037998
LAST_NAME MARSHALL
ADDRESS 525 N. FAIRFIELD DRIVE
CITY SARALAND
STATE AL
ZIP 365710000
MORT $ 48,750.00
BAL $ 48,750.00
RATE 10.000
PAI $ 523.88
CLTV 75.000
MATURITY 130508
FEE 0.5000
LOAN 0000022038061
LAST_NAME DAVIS
ADDRESS 2929 ELROD AVENUE
CITY TAMPA
STATE FL
ZIP 336110000
MORT $ 49,600.00
BAL $ 48,308.61
RATE 8.300
PAI $ 482.63
CLTV 80.000
MATURITY 120825
FEE 0.5000
LOAN 0000022038079
LAST_NAME WILSON
ADDRESS 1027 PINEVIEW TERRACE
CITY MILLVILLE
STATE NJ
ZIP 083320000
MORT $ 69,000.00
BAL $ 69,000.00
RATE 8.990
PAI $ 578.57
CLTV 71.875
MATURITY 230512
FEE 0.5000
LOAN 0000022038152
LAST_NAME MCGLADE
ADDRESS 7615 E. STAGECOACH TRAIL
CITY FLORAL CITY
STATE FL
ZIP 326360000
MORT $ 52,200.00
BAL $ 50,726.83
RATE 8.300
PAI $ 507.93
CLTV 73.521
MATURITY 120802
FEE 0.5000
LOAN 0000022038160
LAST_NAME CARPENTER
ADDRESS 406 TIMERLINE DRIVE
CITY FAYETTEVILL
STATE NC
ZIP 283110000
MORT $ 85,500.00
BAL $ 85,500.00
RATE 9.600
PAI $ 802.57
CLTV 90.000
MATURITY 180515
FEE 0.5000
LOAN 0000022038178
LAST_NAME FAVATA
ADDRESS 2703 W BIRD STREET
CITY TAMPA
STATE FL
ZIP 336140000
MORT $ 96,000.00
BAL $ 94,547.26
RATE 8.300
PAI $ 821.00
CLTV 80.000
MATURITY 170820
FEE 0.5000
LOAN 0000022038194
LAST_NAME WYCKOFF
ADDRESS 8601 PLUTO TERRACE
CITY LAKE PARK
STATE FL
ZIP 334030000
MORT $ 40,000.00
BAL $ 38,220.01
RATE 8.250
PAI $ 388.06
CLTV 67.796
MATURITY 120225
FEE 0.5000
LOAN 0000022038202
LAST_NAME MANSELL
ADDRESS 2400 PALMETTO DRIVE
CITY LONGWOOD
STATE FL
ZIP 327790000
MORT $ 55,000.00
BAL $ 54,678.80
RATE 8.300
PAI $ 415.13
CLTV 49.107
MATURITY 270820
FEE 0.5000
LOAN 0000022038228
LAST_NAME RODGERS
ADDRESS 7833 S 450 EAST
CITY SANDY
STATE UT
ZIP 840700000
MORT $118,400.00
BAL $ 117,782.81
RATE 8.500
PAI $ 910.39
CLTV 80.000
MATURITY 271016
FEE 0.5000
LOAN 0000022038236
LAST_NAME DINGEE
ADDRESS 2237 14TH AVENUE NORTH
CITY ST. PETERSB
STATE FL
ZIP 337130000
MORT $ 42,000.00
BAL $ 41,155.38
RATE 8.300
PAI $ 408.68
CLTV 72.413
MATURITY 121014
FEE 0.5000
LOAN 0000022038251
LAST_NAME BOYETTE
ADDRESS 7216 RIVERWOOD BLVD
CITY TAMPA
STATE FL
ZIP 336150000
MORT $ 60,000.00
BAL $ 59,689.60
RATE 8.300
PAI $ 452.87
CLTV 76.923
MATURITY 270923
FEE 0.5000
LOAN 0000022038269
LAST_NAME NELSON
ADDRESS 8905 RICARDO LANE
CITY JACKSONVILL
STATE FL
ZIP 322160000
MORT $ 47,200.00
BAL $ 44,852.36
RATE 8.300
PAI $ 580.18
CLTV 80.000
MATURITY 70825
FEE 0.5000
LOAN 0000022038277
LAST_NAME PONDER
ADDRESS 12832 EAST 7TH AVENUE
CITY AURORA
STATE CO
ZIP 800110000
MORT $ 73,600.00
BAL $ 73,281.18
RATE 8.500
PAI $ 565.92
CLTV 80.000
MATURITY 271015
FEE 0.5000
LOAN 0000022038285
LAST_NAME THARRINGTON
ADDRESS 4332 LASSITER ROAD
CITY WAKE FOREST
STATE NC
ZIP 275870000
MORT $ 76,000.00
BAL $ 75,627.93
RATE 8.300
PAI $ 573.64
CLTV 80.000
MATURITY 271015
FEE 0.5000
LOAN 0000022038293
LAST_NAME PACHECO
ADDRESS 2610 ROHLWING ROAD
CITY ROLLING MEA
STATE IL
ZIP 600080000
MORT $116,000.00
BAL $ 115,961.69
RATE 11.350
PAI $ 1,135.48
CLTV 80.000
MATURITY 130318
FEE 0.5000
LOAN 0000022038376
LAST_NAME MCCUE
ADDRESS 2302 SW ABNER ROAD
CITY PORT ST LUC
STATE FL
ZIP 349530000
MORT $ 90,500.00
BAL $ 90,151.29
RATE 8.300
PAI $ 683.08
CLTV 79.385
MATURITY 271016
FEE 0.5000
LOAN 0000022038384
LAST_NAME SUSI
ADDRESS 215 DRIFTWOOD DRIVE S.
CITY PALM HARBOR
STATE FL
ZIP 346830000
MORT $ 28,000.00
BAL $ 27,160.70
RATE 8.300
PAI $ 272.45
CLTV 36.842
MATURITY 121002
FEE 0.5000
LOAN 0000022038418
LAST_NAME BEACH
ADDRESS 2135 MERCERS FERNERY ROAD
CITY DELAND
STATE FL
ZIP 327200000
MORT $128,000.00
BAL $ 126,503.95
RATE 8.300
PAI $ 1,094.66
CLTV 80.000
MATURITY 171016
FEE 0.5000
LOAN 0000022038426
LAST_NAME MANGLES
ADDRESS 153 WEST WILLOW STREET
CITY PERRY
STATE MI
ZIP 488720000
MORT $ 54,400.00
BAL $ 54,400.00
RATE 7.950
PAI $ 518.31
CLTV 80.000
MATURITY 130513
FEE 0.5000
LOAN 0000022038442
LAST_NAME CLAUSE
ADDRESS 46W304 WOODVIEW PARKWAY
CITY HAMPSHIRE
STATE IL
ZIP 601400000
MORT $ 60,000.00
BAL $ 59,977.41
RATE 10.750
PAI $ 560.09
CLTV 83.886
MATURITY 130415
FEE 0.5000
LOAN 0000022038475
LAST_NAME MILLER
ADDRESS 4411 LEILA AVENUE
CITY TAMPA
STATE FL
ZIP 336110000
MORT $ 48,000.00
BAL $ 47,700.51
RATE 8.300
PAI $ 362.30
CLTV 78.688
MATURITY 270826
FEE 0.5000
LOAN 0000022038517
LAST_NAME CUDRIK
ADDRESS 3469 WESTLUND TERRACE
CITY PORT CHARLO
STATE FL
ZIP 339520000
MORT $ 39,000.00
BAL $ 38,772.19
RATE 8.300
PAI $ 294.37
CLTV 67.241
MATURITY 270827
FEE 0.5000
LOAN 0000022038541
LAST_NAME NOLAND
ADDRESS 119 CANTERBURY RD
CITY RICHMOND
STATE KY
ZIP 404750000
MORT $ 35,000.00
BAL $ 34,982.96
RATE 9.550
PAI $ 295.58
CLTV 66.037
MATURITY 280403
FEE 0.5000
LOAN 0000022038566
LAST_NAME CHRISTENSEN
ADDRESS 618 EAST 920 NORTH
CITY OREM
STATE UT
ZIP 840570000
MORT $150,000.00
BAL $ 148,935.76
RATE 8.500
PAI $ 1,153.37
CLTV 51.724
MATURITY 271002
FEE 0.5000
LOAN 0000022038574
LAST_NAME VICTOR
ADDRESS 1311 SNOWBERRY TRAIL
CITY SIOUX FALLS
STATE SD
ZIP 571060000
MORT $208,000.00
BAL $ 207,787.99
RATE 9.350
PAI $ 1,726.26
CLTV 80.000
MATURITY 130309
FEE 0.5000
LOAN 0000022038582
LAST_NAME WHITENBURG
ADDRESS 5613 HOME LANE
CITY TOLEDO
STATE OH
ZIP 436250000
MORT $ 54,400.00
BAL $ 54,313.23
RATE 8.500
PAI $ 472.10
CLTV 75.555
MATURITY 180403
FEE 0.5000
LOAN 0000022038590
LAST_NAME REED
ADDRESS 112 E. IROQUOIS TRAIL
CITY SANDUSKY
STATE OH
ZIP 448700000
MORT $ 65,600.00
BAL $ 65,600.00
RATE 9.350
PAI $ 544.44
CLTV 80.000
MATURITY 130528
FEE 0.5000
LOAN 0000022038608
LAST_NAME CHAPMAN
ADDRESS 6621 ELWYNNE DR
CITY CINCINNATI
STATE OH
ZIP 452360000
MORT $123,210.00
BAL $ 123,128.04
RATE 8.990
PAI $ 990.49
CLTV 90.595
MATURITY 130408
FEE 0.5000
LOAN 0000022038616
LAST_NAME DIXON
ADDRESS 5548 YUBA WAY
CITY DENVER
STATE CO
ZIP 802390000
MORT $ 68,000.00
BAL $ 67,693.28
RATE 8.300
PAI $ 513.25
CLTV 77.272
MATURITY 271001
FEE 0.5000
LOAN 0000022038632
LAST_NAME JONES
ADDRESS 520 EDISON ST
CITY DAYTON
STATE OH
ZIP 454070000
MORT $ 26,500.00
BAL $ 26,500.00
RATE 8.350
PAI $ 200.96
CLTV 61.627
MATURITY 130413
FEE 0.5000
LOAN 0000022038640
LAST_NAME PAOLO
ADDRESS 3050 PALM AIRE DRIVE N #5
CITY POMPANO BEA
STATE FL
ZIP 330690000
MORT $ 31,500.00
BAL $ 31,224.84
RATE 7.990
PAI $ 300.85
CLTV 75.000
MATURITY 130224
FEE 0.5000
Page 49
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022038673
LAST_NAME WILLIAMS
ADDRESS 2201 LEETH GAP CUTOFF ROA
CITY BOAZ
STATE AL
ZIP 359560000
MORT $ 33,750.00
BAL $ 33,732.51
RATE 9.250
PAI $ 277.65
CLTV 68.181
MATURITY 130325
FEE 0.5000
LOAN 0000022038681
LAST_NAME DEVITA
ADDRESS 2300 CORAL HILLS ROAD
CITY APOPKA
STATE FL
ZIP 327030000
MORT $136,000.00
BAL $ 135,410.88
RATE 8.500
PAI $ 1,045.72
CLTV 46.101
MATURITY 271020
FEE 0.5000
LOAN 0000022038699
LAST_NAME BURKE
ADDRESS 6221 5TH AVENUE NORTH
CITY ST. PETERSB
STATE FL
ZIP 337100000
MORT $ 64,000.00
BAL $ 62,942.91
RATE 7.990
PAI $ 776.16
CLTV 80.000
MATURITY 80223
FEE 0.5000
LOAN 0000022038715
LAST_NAME BURLESON
ADDRESS 1254 HORTON RD
CITY RAINSVILLE
STATE AL
ZIP 359860000
MORT $ 25,000.00
BAL $ 24,933.64
RATE 8.950
PAI $ 252.82
CLTV 38.520
MATURITY 130413
FEE 0.5000
LOAN 0000022038723
LAST_NAME JENKINS
ADDRESS 5991 82ND AVENUE NORTH
CITY PINELLAS PA
STATE FL
ZIP 337810000
MORT $ 40,000.00
BAL $ 39,918.76
RATE 7.990
PAI $ 293.23
CLTV 53.333
MATURITY 280223
FEE 0.5000
LOAN 0000022038731
LAST_NAME HOLMAN
ADDRESS 313 N 1ST AVE
CITY MAYODAN
STATE NC
ZIP 270270000
MORT $ 42,500.00
BAL $ 42,293.87
RATE 9.990
PAI $ 456.45
CLTV 85.000
MATURITY 130304
FEE 0.5000
LOAN 0000022038749
LAST_NAME LEBLANC
ADDRESS 10456 52ND AVE. NORTH
CITY ST PETERSBU
STATE FL
ZIP 337080000
MORT $ 55,000.00
BAL $ 54,519.57
RATE 7.990
PAI $ 525.29
CLTV 78.571
MATURITY 130219
FEE 0.5000
LOAN 0000022038756
LAST_NAME BOUVIER
ADDRESS 8 NEWBERRY STREET
CITY GREENVILLE
STATE SC
ZIP 296170000
MORT $ 56,100.00
BAL $ 56,033.02
RATE 10.750
PAI $ 569.54
CLTV 85.000
MATURITY 180413
FEE 0.5000
LOAN 0000022038764
LAST_NAME MCPHERSON
ADDRESS 4600 LAQUINTA COURT
CITY PACE
STATE FL
ZIP 325700000
MORT $ 64,000.00
BAL $ 63,870.06
RATE 7.990
PAI $ 469.16
CLTV 77.575
MATURITY 280211
FEE 0.5000
LOAN 0000022038772
LAST_NAME TRAYLOR
ADDRESS 2300 S TALLASSEE DRIVE
CITY TALLASSEE
STATE AL
ZIP 360780000
MORT $ 38,675.00
BAL $ 38,640.28
RATE 9.950
PAI $ 337.97
CLTV 85.000
MATURITY 130303
FEE 0.5000
LOAN 0000022038780
LAST_NAME MITULSKI
ADDRESS 8125 SW 106TH PLACE
CITY OCALA
STATE FL
ZIP 344810000
MORT $ 39,250.00
BAL $ 39,170.30
RATE 7.990
PAI $ 287.73
CLTV 51.644
MATURITY 280211
FEE 0.5000
LOAN 0000022038798
LAST_NAME RHODES
ADDRESS 2500 COMMONWEALTH AVENUE
CITY CHARLOTTE
STATE NC
ZIP 282050000
MORT $ 86,000.00
BAL $ 85,668.66
RATE 8.300
PAI $ 649.11
CLTV 67.187
MATURITY 271118
FEE 0.5000
LOAN 0000022038806
LAST_NAME ENGRAM
ADDRESS 780 E HARTSHORN LANE
CITY HOLDER
STATE FL
ZIP 344450000
MORT $ 18,000.00
BAL $ 17,690.79
RATE 8.300
PAI $ 175.15
CLTV 52.941
MATURITY 121115
FEE 0.5000
LOAN 0000022038814
LAST_NAME BREEDEN
ADDRESS 369 GRAY AVE
CITY WINCHESTER
STATE VA
ZIP 226010000
MORT $ 70,000.00
BAL $ 69,952.52
RATE 11.250
PAI $ 679.88
CLTV 77.777
MATURITY 130323
FEE 0.5000
LOAN 0000022038830
LAST_NAME TOLER
ADDRESS 7519 DUNDALK RD
CITY TAKOMA PARK
STATE MD
ZIP 209120000
MORT $168,000.00
BAL $ 167,919.94
RATE 9.650
PAI $ 1,431.06
CLTV 80.000
MATURITY 130406
FEE 0.5000
LOAN 0000022038848
LAST_NAME HARTMAN
ADDRESS 1890 PAULINE STREET
CITY CANTONMENT
STATE FL
ZIP 325330000
MORT $ 77,000.00
BAL $ 75,911.78
RATE 8.500
PAI $ 758.25
CLTV 76.237
MATURITY 121202
FEE 0.5000
LOAN 0000022038863
LAST_NAME RIGGINS
ADDRESS 2039 WESTOVER DR
CITY DANVILLE
STATE VA
ZIP 245410000
MORT $ 59,500.00
BAL $ 59,335.36
RATE 9.650
PAI $ 560.46
CLTV 76.282
MATURITY 180327
FEE 0.5000
LOAN 0000022038889
LAST_NAME STOLSMARK
ADDRESS 4185 SOUTH JODY POINT
CITY HOMOSASSA
STATE FL
ZIP 344460000
MORT $ 53,000.00
BAL $ 52,140.61
RATE 8.300
PAI $ 453.26
CLTV 76.811
MATURITY 171002
FEE 0.5000
LOAN 0000022038897
LAST_NAME TUCKER
ADDRESS 429 E FREEMONT
CITY FOSTORIA
STATE OH
ZIP 448200000
MORT $ 48,000.00
BAL $ 47,075.10
RATE 8.800
PAI $ 481.15
CLTV 80.000
MATURITY 121018
FEE 0.5000
LOAN 0000022038913
LAST_NAME HOLSEY
ADDRESS 519 VINTAGE RD
CITY ALBANY
STATE GA
ZIP 317050000
MORT $ 53,000.00
BAL $ 52,873.53
RATE 10.790
PAI $ 539.51
CLTV 79.939
MATURITY 180330
FEE 0.5000
LOAN 0000022038947
LAST_NAME WHITEHEAD
ADDRESS 1412 NE 19 PLACE
CITY GAINESVILLE
STATE FL
ZIP 326090000
MORT $ 28,500.00
BAL $ 27,405.13
RATE 8.300
PAI $ 350.32
CLTV 53.271
MATURITY 71003
FEE 0.5000
LOAN 0000022038962
LAST_NAME JOHNSON
ADDRESS 7869 LEANNA CENTRAL VALLE
CITY MURFREESBOR
STATE TN
ZIP 371290000
MORT $ 72,900.00
BAL $ 72,873.72
RATE 10.950
PAI $ 691.49
CLTV 90.000
MATURITY 130403
FEE 0.5000
LOAN 0000022038970
LAST_NAME ADDISON
ADDRESS 4118 MUNCY ROAD
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $ 44,000.00
BAL $ 43,801.48
RATE 8.300
PAI $ 332.11
CLTV 80.000
MATURITY 271007
FEE 0.5000
LOAN 0000022038988
LAST_NAME SHEWMAN
ADDRESS 503 GRANT ROAD
CITY VENICE
STATE FL
ZIP 342930000
MORT $ 77,600.00
BAL $ 77,249.96
RATE 8.300
PAI $ 585.71
CLTV 79.183
MATURITY 271016
FEE 0.5000
LOAN 0000022038996
LAST_NAME HARPER
ADDRESS 4401 SHENANDOAH DRIVE
CITY LOUISVILLE
STATE KY
ZIP 402410000
MORT $ 72,000.00
BAL $ 71,688.09
RATE 8.500
PAI $ 553.62
CLTV 70.588
MATURITY 271008
FEE 0.5000
LOAN 0000022039002
LAST_NAME STAMEY
ADDRESS 108 BAY STREET
CITY NEW SMYRNA
STATE FL
ZIP 321680000
MORT $ 40,000.00
BAL $ 39,409.94
RATE 8.300
PAI $ 389.22
CLTV 76.923
MATURITY 121202
FEE 0.5000
LOAN 0000022039028
LAST_NAME STEPHENS
ADDRESS 356 FARGO ROAD
CITY CANTONMENT
STATE FL
ZIP 325330000
MORT $ 90,000.00
BAL $ 88,190.04
RATE 8.300
PAI $ 875.75
CLTV 62.937
MATURITY 121015
FEE 0.5000
LOAN 0000022039036
LAST_NAME MANNO
ADDRESS 12482 WINSTON COURT
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $ 50,093.61
BAL $ 49,991.89
RATE 7.990
PAI $ 367.23
CLTV 36.299
MATURITY 280227
FEE 0.5000
LOAN 0000022039051
LAST_NAME PACHECO
ADDRESS 2406 FLICKER LANE
CITY ROLLING MEA
STATE IL
ZIP 600080000
MORT $125,600.00
BAL $ 125,558.51
RATE 11.350
PAI $ 1,229.46
CLTV 80.000
MATURITY 130323
FEE 0.5000
LOAN 0000022039093
LAST_NAME BYRNE
ADDRESS 6899 PENTON STREET
CITY PENSACOLA
STATE FL
ZIP 325060000
MORT $ 56,000.00
BAL $ 55,784.21
RATE 8.300
PAI $ 422.68
CLTV 78.321
MATURITY 271028
FEE 0.5000
LOAN 0000022039101
LAST_NAME VALENTINO
ADDRESS 125 AUTUMN STREET
CITY PORT CHARLO
STATE FL
ZIP 339800000
MORT $ 54,400.00
BAL $ 52,328.47
RATE 8.300
PAI $ 410.60
CLTV 69.743
MATURITY 271002
FEE 0.5000
LOAN 0000022039119
LAST_NAME JENKINS
ADDRESS 3244 PERDUE ROAD
CITY WAUCHULA
STATE FL
ZIP 338730000
MORT $ 42,000.00
BAL $ 41,509.07
RATE 8.300
PAI $ 359.19
CLTV 72.413
MATURITY 171028
FEE 0.5000
LOAN 0000022039127
LAST_NAME HYRE
ADDRESS 1111 ELMWOOD AVENUE
CITY FORT WAYNE
STATE IN
ZIP 468050000
MORT $ 33,520.00
BAL $ 33,062.35
RATE 8.800
PAI $ 336.01
CLTV 77.953
MATURITY 121102
FEE 0.5000
LOAN 0000022039143
LAST_NAME JERKINS
ADDRESS 13459 S FLORIDA AVENUE
CITY FLORAL CITY
STATE FL
ZIP 344360000
MORT $ 72,750.00
BAL $ 72,145.03
RATE 8.500
PAI $ 559.38
CLTV 75.000
MATURITY 271102
FEE 0.5000
LOAN 0000022039176
LAST_NAME DIGNAN
ADDRESS 27356 LAPALOMA LANE
CITY BROOKSVILLE
STATE FL
ZIP 346020000
MORT $ 44,800.00
BAL $ 44,060.04
RATE 7.990
PAI $ 543.31
CLTV 55.308
MATURITY 80224
FEE 0.5000
LOAN 0000022039184
LAST_NAME ROBERTS
ADDRESS 6747 NW 34TH DRIVE
CITY GAINESVILLE
STATE FL
ZIP 326060000
MORT $ 23,500.00
BAL $ 22,846.23
RATE 8.500
PAI $ 291.37
CLTV 17.669
MATURITY 71102
FEE 0.5000
LOAN 0000022039200
LAST_NAME WATTS
ADDRESS 4926 RHODE ISLAND DR NORT
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $ 59,200.00
BAL $ 58,508.08
RATE 8.300
PAI $ 506.28
CLTV 80.000
MATURITY 171027
FEE 0.5000
LOAN 0000022039218
LAST_NAME BOBER
ADDRESS 10102 SOUTHWOOD COURT
CITY NEW PORT RI
STATE FL
ZIP 346540000
MORT $148,500.00
BAL $ 147,017.45
RATE 8.300
PAI $ 1,269.98
CLTV 78.571
MATURITY 171102
FEE 0.5000
LOAN 0000022039226
LAST_NAME MCSHANE
ADDRESS 7470 DUNWALT ROAD
CITY PENSACOLA
STATE FL
ZIP 325260000
MORT $ 40,000.00
BAL $ 39,312.90
RATE 8.300
PAI $ 389.22
CLTV 38.095
MATURITY 121115
FEE 0.5000
LOAN 0000022039234
LAST_NAME CARRIKER
ADDRESS 7218 NEWELL ACRES DR
CITY CHARLOTTE
STATE NC
ZIP 282150000
MORT $ 53,600.00
BAL $ 53,491.19
RATE 7.990
PAI $ 392.92
CLTV 80.000
MATURITY 280219
FEE 0.5000
LOAN 0000022039242
LAST_NAME AUZ
ADDRESS 613 NW HARTFORD DRIVE
CITY CHARLOTTE
STATE FL
ZIP 339520000
MORT $ 92,000.00
BAL $ 91,200.00
RATE 8.490
PAI $ 706.75
CLTV 79.310
MATURITY 280228
FEE 0.5000
Page 50
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022039275
LAST_NAME EARLY
ADDRESS 3627 MATEO PLACE
CITY ORANGE PARK
STATE FL
ZIP 320650000
MORT $ 63,680.00
BAL $ 63,164.94
RATE 8.500
PAI $ 552.63
CLTV 80.000
MATURITY 171217
FEE 0.5000
LOAN 0000022039283
LAST_NAME MORGAN
ADDRESS 104 CLADORBON DRIVE
CITY CYNTHIANA
STATE KY
ZIP 410310000
MORT $ 49,920.00
BAL $ 48,586.09
RATE 7.990
PAI $ 417.24
CLTV 80.000
MATURITY 170214
FEE 0.5000
LOAN 0000022039291
LAST_NAME WHARTON
ADDRESS 1770 NEVADA AVE. NE
CITY ST. PETERSB
STATE FL
ZIP 337030000
MORT $ 58,000.00
BAL $ 56,792.56
RATE 8.500
PAI $ 571.15
CLTV 61.052
MATURITY 121025
FEE 0.5000
LOAN 0000022039309
LAST_NAME SCHRATWIESER
ADDRESS 5830 SE BABB ROAD
CITY BELLEVIEW
STATE FL
ZIP 344200000
MORT $ 72,000.00
BAL $ 71,853.80
RATE 7.990
PAI $ 527.81
CLTV 80.000
MATURITY 280227
FEE 0.5000
LOAN 0000022039317
LAST_NAME NORRIS
ADDRESS 1912 VANDERVORT ROAD
CITY LUTZ
STATE FL
ZIP 335490000
MORT $ 71,200.00
BAL $ 70,600.52
RATE 8.300
PAI $ 537.41
CLTV 80.000
MATURITY 271126
FEE 0.5000
LOAN 0000022039325
LAST_NAME DEAN
ADDRESS 4314 ROMAINE STREET
CITY GREENSBORO
STATE NC
ZIP 274070000
MORT $ 52,000.00
BAL $ 50,779.87
RATE 9.500
PAI $ 543.00
CLTV 61.176
MATURITY 120709
FEE 0.5000
LOAN 0000022039341
LAST_NAME NEGRON
ADDRESS 2612 W SAINT CONRAD STREE
CITY TAMPA
STATE FL
ZIP 336070000
MORT $ 62,400.00
BAL $ 62,129.70
RATE 8.500
PAI $ 479.80
CLTV 80.000
MATURITY 271024
FEE 0.5000
LOAN 0000022039358
LAST_NAME JEROME
ADDRESS 6020 JAVA PLUM LANE
CITY BRADENTON
STATE FL
ZIP 342030000
MORT $ 15,000.00
BAL $ 14,423.75
RATE 8.300
PAI $ 184.38
CLTV 9.259
MATURITY 71023
FEE 0.5000
LOAN 0000022039366
LAST_NAME BERRY
ADDRESS 5317 THORNBURY LANE
CITY VIRGINIA BE
STATE VA
ZIP 234620000
MORT $ 60,000.00
BAL $ 60,000.00
RATE 8.850
PAI $ 476.31
CLTV 44.444
MATURITY 130515
FEE 0.5000
LOAN 0000022039408
LAST_NAME MORALES
ADDRESS 2429 PIRATES COURT
CITY JACKSONVILL
STATE FL
ZIP 322240000
MORT $150,000.00
BAL $ 148,749.04
RATE 8.750
PAI $ 1,325.57
CLTV 72.639
MATURITY 171210
FEE 0.5000
LOAN 0000022039416
LAST_NAME MORRIS
ADDRESS 8934 CHILDRESS ROAD
CITY KNOXVILLE
STATE TN
ZIP 378490000
MORT $ 57,600.00
BAL $ 57,423.05
RATE 8.500
PAI $ 442.89
CLTV 80.000
MATURITY 271208
FEE 0.5000
LOAN 0000022039424
LAST_NAME GRADEL
ADDRESS 2752 CHRISTINE STREET
CITY PENSACOLA
STATE FL
ZIP 325260000
MORT $ 48,000.00
BAL $ 47,815.03
RATE 8.300
PAI $ 362.30
CLTV 76.190
MATURITY 271102
FEE 0.5000
LOAN 0000022039440
LAST_NAME TAYLOR
ADDRESS 255 RIDGEWOOD STREET
CITY ALTOMONTE S
STATE FL
ZIP 327010000
MORT $ 98,400.00
BAL $ 98,020.83
RATE 8.300
PAI $ 742.71
CLTV 80.000
MATURITY 271102
FEE 0.5000
LOAN 0000022039507
LAST_NAME CHEVALLIER
ADDRESS 25364 PANACHE LANE
CITY PUNTA GORDA
STATE FL
ZIP 339830000
MORT $ 87,200.00
BAL $ 86,857.16
RATE 8.200
PAI $ 652.04
CLTV 80.000
MATURITY 271102
FEE 0.5000
LOAN 0000022039515
LAST_NAME HENDERSON
ADDRESS 122 KATHY LYNN DR
CITY HOLLYWOOD
STATE AL
ZIP 357520000
MORT $ 63,920.00
BAL $ 63,770.67
RATE 10.350
PAI $ 700.64
CLTV 85.000
MATURITY 130414
FEE 0.5000
LOAN 0000022039531
LAST_NAME HARSH
ADDRESS 841 ROMNEY LANE
CITY VIRGINIA BE
STATE VA
ZIP 234550000
MORT $ 88,650.00
BAL $ 88,650.00
RATE 10.500
PAI $ 810.92
CLTV 90.000
MATURITY 130520
FEE 0.5000
LOAN 0000022039572
LAST_NAME ZUCKER
ADDRESS 19 CRESSFIELD COURT
CITY WOODCLIFF L
STATE NJ
ZIP 076750000
MORT $175,000.00
BAL $ 174,899.31
RATE 8.750
PAI $ 1,376.73
CLTV 48.342
MATURITY 280406
FEE 0.5000
LOAN 0000022039580
LAST_NAME GRAMLICH
ADDRESS 880 ELTING ROAD
CITY ROSENDALE
STATE NY
ZIP 124720000
MORT $ 60,000.00
BAL $ 59,946.58
RATE 9.990
PAI $ 526.10
CLTV 69.767
MATURITY 280401
FEE 0.5000
LOAN 0000022039622
LAST_NAME KRATZER
ADDRESS 732 VERNON AVE
CITY KENILWORTH
STATE NJ
ZIP 070330000
MORT $132,000.00
BAL $ 131,590.51
RATE 8.750
PAI $ 1,166.50
CLTV 80.000
MATURITY 180316
FEE 0.5000
LOAN 0000022039630
LAST_NAME WEAVER
ADDRESS 479 PAINE ROAD
CITY NORTH ATTLE
STATE MA
ZIP 027600000
MORT $ 90,000.00
BAL $ 89,953.34
RATE 9.250
PAI $ 740.41
CLTV 69.230
MATURITY 280401
FEE 0.5000
LOAN 0000022039671
LAST_NAME PEARSON
ADDRESS 1474 TRUMAN ST
CITY HAMMOND
STATE IN
ZIP 463200000
MORT $ 48,025.00
BAL $ 47,883.19
RATE 8.950
PAI $ 485.68
CLTV 85.000
MATURITY 130413
FEE 0.5000
LOAN 0000022039689
LAST_NAME MURPHY
ADDRESS 5256 APACHE LANE
CITY UPPER DARBY
STATE PA
ZIP 190260000
MORT $ 21,300.00
BAL $ 21,300.00
RATE 8.950
PAI $ 190.96
CLTV 60.684
MATURITY 180511
FEE 0.5000
LOAN 0000022039705
LAST_NAME ACQUISTO
ADDRESS 212 RARITAN STREET
CITY UNION BEACH
STATE NJ
ZIP 077350000
MORT $ 60,000.00
BAL $ 59,933.51
RATE 8.950
PAI $ 480.62
CLTV 80.000
MATURITY 280325
FEE 0.5000
LOAN 0000022039747
LAST_NAME OSTENDORF
ADDRESS 211 EGE AVE.
CITY JERSEY CITY
STATE NJ
ZIP 073040000
MORT $ 61,000.00
BAL $ 60,932.41
RATE 8.950
PAI $ 488.63
CLTV 48.800
MATURITY 280327
FEE 0.5000
LOAN 0000022039762
LAST_NAME GUINTOLI
ADDRESS 1041 SEABROOK AVENUE
CITY DAVIE
STATE FL
ZIP 333250000
MORT $137,600.00
BAL $ 136,721.78
RATE 8.400
PAI $ 1,048.29
CLTV 78.628
MATURITY 270702
FEE 0.5000
LOAN 0000022039770
LAST_NAME GIORDANO
ADDRESS 7331 MORAVIAN DRIVE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $ 36,600.00
BAL $ 36,458.98
RATE 8.300
PAI $ 276.25
CLTV 67.777
MATURITY 271125
FEE 0.5000
LOAN 0000022039788
LAST_NAME CUMBEE
ADDRESS 264 EAST 47TH STREET
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $ 42,500.00
BAL $ 41,761.51
RATE 8.500
PAI $ 418.51
CLTV 77.272
MATURITY 121102
FEE 0.5000
LOAN 0000022039804
LAST_NAME WOLONS,III
ADDRESS RD3 BOX 943 FREEZER ROAD
CITY MIDDLETOWN
STATE NY
ZIP 109410000
MORT $115,000.00
BAL $ 115,000.00
RATE 7.950
PAI $ 958.34
CLTV 76.666
MATURITY 180526
FEE 0.5000
LOAN 0000022039838
LAST_NAME THACKER
ADDRESS 18108 CROOKED LANE
CITY LUTZ
STATE FL
ZIP 335490000
MORT $ 44,000.00
BAL $ 43,774.13
RATE 7.990
PAI $ 367.76
CLTV 59.459
MATURITY 180202
FEE 0.5000
LOAN 0000022039846
LAST_NAME PIETROBONO
ADDRESS 1783 59TH CIRCLE SOUTH
CITY ST. PETERSB
STATE FL
ZIP 337120000
MORT $108,000.00
BAL $ 107,799.18
RATE 11.750
PAI $ 1,090.16
CLTV 90.000
MATURITY 271102
FEE 0.5000
LOAN 0000022039861
LAST_NAME BALSAMO
ADDRESS 2428 BLOSSOM LAKE DR
CITY HOLIDAY
STATE FL
ZIP 346910000
MORT $ 66,750.00
BAL $ 66,448.89
RATE 8.300
PAI $ 503.82
CLTV 78.529
MATURITY 271005
FEE 0.5000
LOAN 0000022039879
LAST_NAME DORSEY
ADDRESS 2850 W WILLOW LAKE DR
CITY PEORIA
STATE IL
ZIP 616140000
MORT $150,000.00
BAL $ 149,323.33
RATE 8.300
PAI $ 1,132.18
CLTV 80.000
MATURITY 270922
FEE 0.5000
LOAN 0000022039887
LAST_NAME DUNLAP
ADDRESS 4524 MAHAN DR
CITY TALLAHASSEE
STATE FL
ZIP 323080000
MORT $112,000.00
BAL $ 111,420.58
RATE 8.300
PAI $ 845.36
CLTV 78.873
MATURITY 270926
FEE 0.5000
LOAN 0000022039895
LAST_NAME DRIGGERS
ADDRESS 5910 BOB HEAD ROAD
CITY PLANT CITY
STATE FL
ZIP 335650000
MORT $ 76,800.00
BAL $ 76,582.48
RATE 8.300
PAI $ 579.67
CLTV 80.000
MATURITY 271226
FEE 0.5000
LOAN 0000022039903
LAST_NAME KEENAN
ADDRESS 6022 WILSHIRE DR
CITY TAMPA
STATE FL
ZIP 336150000
MORT $ 72,000.00
BAL $ 68,796.12
RATE 8.250
PAI $ 698.50
CLTV 80.000
MATURITY 120218
FEE 0.5000
LOAN 0000022039911
LAST_NAME MCLAWS
ADDRESS 777 EAST KETTLE PLACE
CITY LITTLETON
STATE CO
ZIP 801220000
MORT $136,000.00
BAL $ 135,470.65
RATE 8.250
PAI $ 1,021.72
CLTV 80.000
MATURITY 271102
FEE 0.5000
LOAN 0000022039929
LAST_NAME LOESCHER
ADDRESS 4710 SW 54TH TERR
CITY DAVIE
STATE FL
ZIP 333140000
MORT $ 48,000.00
BAL $ 45,864.03
RATE 8.250
PAI $ 465.67
CLTV 53.333
MATURITY 120212
FEE 0.5000
LOAN 0000022039937
LAST_NAME RUFIANGE
ADDRESS 235 PARSONS RD
CITY LONGWOOD
STATE FL
ZIP 327790000
MORT $126,500.00
BAL $ 123,206.37
RATE 8.300
PAI $ 1,230.91
CLTV 58.837
MATURITY 120820
FEE 0.5000
LOAN 0000022039952
LAST_NAME BOWSHER
ADDRESS 148 W MAGNOLIA ST
CITY OVIEDO
STATE FL
ZIP 327650000
MORT $ 72,000.00
BAL $ 71,627.38
RATE 8.300
PAI $ 543.44
CLTV 80.000
MATURITY 270910
FEE 0.5000
LOAN 0000022039960
LAST_NAME CASE
ADDRESS 6018 DIXON DR
CITY RALEIGH
STATE NC
ZIP 276090000
MORT $ 73,600.00
BAL $ 73,219.27
RATE 8.300
PAI $ 555.52
CLTV 80.000
MATURITY 270827
FEE 0.5000
LOAN 0000022039978
LAST_NAME LEWIS
ADDRESS 3617 3RD STREET SW
CITY LEHIGH ACRE
STATE FL
ZIP 339710000
MORT $ 56,000.00
BAL $ 55,747.37
RATE 8.300
PAI $ 422.68
CLTV 80.000
MATURITY 270822
FEE 0.5000
Page 51
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022039986
LAST_NAME FRANCIS
ADDRESS 27064 KELLY ROAD
CITY ROSEVILLE
STATE MI
ZIP 480660000
MORT $ 55,800.00
BAL $ 55,800.00
RATE 9.250
PAI $ 459.06
CLTV 90.000
MATURITY 280520
FEE 0.5000
LOAN 0000022040000
LAST_NAME THIGPEN JR
ADDRESS 1403 MEWBORN AVENUE
CITY KINSTON
STATE NC
ZIP 285010000
MORT $ 44,000.00
BAL $ 44,000.00
RATE 7.950
PAI $ 532.68
CLTV 77.192
MATURITY 80518
FEE 0.5000
LOAN 0000022040026
LAST_NAME DENDY
ADDRESS 4817 70TH PLACE
CITY HYATTSVILLE
STATE MD
ZIP 207840000
MORT $117,000.00
BAL $ 116,824.60
RATE 8.990
PAI $ 1,051.93
CLTV 90.000
MATURITY 180330
FEE 0.5000
LOAN 0000022040067
LAST_NAME MONTGOMERY
ADDRESS 8240 CAMFIELD CIRCLE
CITY COLORADO SP
STATE CO
ZIP 809200000
MORT $124,000.00
BAL $ 123,275.83
RATE 8.300
PAI $ 935.93
CLTV 80.000
MATURITY 270802
FEE 0.5000
LOAN 0000022040075
LAST_NAME DIXON
ADDRESS 4049 N 67TH STREET
CITY MILWAUKEE
STATE WI
ZIP 532160000
MORT $ 58,400.00
BAL $ 58,316.71
RATE 9.590
PAI $ 547.81
CLTV 80.000
MATURITY 180414
FEE 0.5000
LOAN 0000022040117
LAST_NAME ROSS
ADDRESS 417 FLAGLER ROAD SOUTHEAS
CITY WINTER HAVE
STATE FL
ZIP 338840000
MORT $149,175.00
BAL $ 149,011.09
RATE 8.990
PAI $ 1,199.22
CLTV 85.000
MATURITY 280227
FEE 0.5000
LOAN 0000022040133
LAST_NAME ALBRITTON
ADDRESS 15847 82ND LANE N
CITY LOXAHATCHEE
STATE FL
ZIP 334700000
MORT $ 90,000.00
BAL $ 89,653.19
RATE 8.300
PAI $ 679.31
CLTV 78.260
MATURITY 271102
FEE 0.5000
LOAN 0000022040166
LAST_NAME SELLERS
ADDRESS 3148 LOBLOLLY ST.
CITY DELTONA
STATE FL
ZIP 327250000
MORT $ 64,000.00
BAL $ 63,608.60
RATE 8.300
PAI $ 483.06
CLTV 80.000
MATURITY 270813
FEE 0.5000
LOAN 0000022040174
LAST_NAME BARNES
ADDRESS 83 WARES CROSS ROAD
CITY LAGRANGE
STATE GA
ZIP 302400000
MORT $ 49,600.00
BAL $ 49,566.64
RATE 7.990
PAI $ 363.61
CLTV 80.000
MATURITY 130408
FEE 0.5000
LOAN 0000022040182
LAST_NAME SQUIRES
ADDRESS 1065 SW JANETTE AVE
CITY PORT ST. LU
STATE FL
ZIP 349530000
MORT $ 42,000.00
BAL $ 41,278.55
RATE 8.300
PAI $ 408.68
CLTV 67.741
MATURITY 121102
FEE 0.5000
LOAN 0000022040190
LAST_NAME DANCA
ADDRESS 1323 ATLAS STREET
CITY MURFREESBOR
STATE TN
ZIP 371300000
MORT $ 64,106.41
BAL $ 63,357.15
RATE 8.300
PAI $ 548.24
CLTV 77.704
MATURITY 171022
FEE 0.5000
LOAN 0000022040208
LAST_NAME BALZANO
ADDRESS 1801 SE ENFIELD AVENUE
CITY PORT ST. LU
STATE FL
ZIP 349520000
MORT $ 79,000.00
BAL $ 78,695.59
RATE 8.300
PAI $ 596.28
CLTV 60.769
MATURITY 271102
FEE 0.5000
LOAN 0000022040257
LAST_NAME DANIELS
ADDRESS 9222 WILLOW GROVE ROAD
CITY ALLONS
STATE TN
ZIP 385410000
MORT $ 43,360.00
BAL $ 42,572.55
RATE 8.300
PAI $ 455.24
CLTV 80.000
MATURITY 101224
FEE 0.5000
LOAN 0000022040273
LAST_NAME EASTER
ADDRESS 252 YOUNG DRIVE
CITY OAKDALE
STATE TN
ZIP 378290000
MORT $ 60,000.00
BAL $ 59,641.67
RATE 8.500
PAI $ 590.84
CLTV 80.000
MATURITY 130223
FEE 0.5000
LOAN 0000022040281
LAST_NAME PECK
ADDRESS 1511 HUNTER LANE SOUTH
CITY CLEARWATER
STATE FL
ZIP 346250000
MORT $ 80,000.00
BAL $ 79,807.37
RATE 9.990
PAI $ 701.47
CLTV 80.000
MATURITY 271119
FEE 0.5000
LOAN 0000022040307
LAST_NAME WYMER
ADDRESS 103 OLD COLONIAL DRIVE
CITY WILLIAMSBUR
STATE VA
ZIP 231880000
MORT $ 52,800.00
BAL $ 52,637.45
RATE 8.490
PAI $ 405.61
CLTV 80.000
MATURITY 271216
FEE 0.5000
LOAN 0000022040323
LAST_NAME MITCHELL
ADDRESS 721 HOLBROOK CIRCLE
CITY LAKE MARY
STATE FL
ZIP 327460000
MORT $ 96,000.00
BAL $ 95,404.71
RATE 7.990
PAI $ 802.39
CLTV 80.000
MATURITY 180219
FEE 0.5000
LOAN 0000022040349
LAST_NAME TUOMINEN
ADDRESS 32282 LEE LANE
CITY FARMINGTON
STATE MI
ZIP 483360000
MORT $118,000.00
BAL $ 118,000.00
RATE 11.550
PAI $ 1,173.05
CLTV 80.821
MATURITY 280501
FEE 0.5000
LOAN 0000022040356
LAST_NAME LOPEZ
ADDRESS 2313 W 41ST AVE
CITY DENVER
STATE CO
ZIP 802110000
MORT $100,000.00
BAL $ 99,796.94
RATE 7.990
PAI $ 733.07
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022040380
LAST_NAME DANKO
ADDRESS 4918 EL DORADO DRIVE
CITY TAMPA
STATE FL
ZIP 336150000
MORT $ 45,000.00
BAL $ 44,606.93
RATE 7.990
PAI $ 429.78
CLTV 72.580
MATURITY 130211
FEE 0.5000
LOAN 0000022040406
LAST_NAME SHUMATE
ADDRESS 625 ALBERTA AVE
CITY AUBURNDALE
STATE FL
ZIP 338230000
MORT $ 49,600.00
BAL $ 48,892.47
RATE 8.300
PAI $ 482.63
CLTV 80.000
MATURITY 121209
FEE 0.5000
LOAN 0000022040414
LAST_NAME RODGERS
ADDRESS 226 LONGWOOD ROAD
CITY MADISON HEI
STATE VA
ZIP 245720000
MORT $ 68,000.00
BAL $ 67,738.01
RATE 8.300
PAI $ 513.25
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022040422
LAST_NAME ARMSTRONG
ADDRESS 3509 17TH STREET EAST
CITY BRADENTON
STATE FL
ZIP 342080000
MORT $ 35,400.00
BAL $ 35,090.76
RATE 7.990
PAI $ 338.10
CLTV 75.319
MATURITY 130202
FEE 0.5000
LOAN 0000022040430
LAST_NAME O'BRIEN
ADDRESS 322 WEST FERN STREET
CITY TAMPA
STATE FL
ZIP 336040000
MORT $ 46,000.00
BAL $ 45,875.05
RATE 7.990
PAI $ 337.21
CLTV 67.647
MATURITY 280127
FEE 0.5000
LOAN 0000022040471
LAST_NAME BLYTHE
ADDRESS 512 SW 80TH BOULEVARD
CITY GAINESVILLE
STATE FL
ZIP 326070000
MORT $142,800.00
BAL $ 142,510.05
RATE 7.990
PAI $ 1,046.82
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022040497
LAST_NAME LINVILLE
ADDRESS 1001 RANCH DRIVE
CITY WINSTON SAL
STATE NC
ZIP 271060000
MORT $ 67,200.00
BAL $ 66,502.48
RATE 8.990
PAI $ 850.90
CLTV 69.278
MATURITY 80330
FEE 0.5000
LOAN 0000022040513
LAST_NAME SEIDL
ADDRESS 2300 N 65TH WAY
CITY HOLLYWOOD
STATE FL
ZIP 330240000
MORT $ 75,000.00
BAL $ 74,378.88
RATE 8.300
PAI $ 566.09
CLTV 78.125
MATURITY 270913
FEE 0.5000
LOAN 0000022040547
LAST_NAME HOGGARD
ADDRESS 6515 BEN BUR ROAD
CITY RALEIGH
STATE NC
ZIP 276120000
MORT $137,000.00
BAL $ 135,163.62
RATE 8.300
PAI $ 1,171.63
CLTV 63.425
MATURITY 170916
FEE 0.5000
LOAN 0000022040570
LAST_NAME POWELL
ADDRESS 404 12TH AVENUE NORTH
CITY INDIAN ROCK
STATE FL
ZIP 337850000
MORT $ 36,500.00
BAL $ 36,259.60
RATE 8.300
PAI $ 275.50
CLTV 43.975
MATURITY 120915
FEE 0.5000
LOAN 0000022040596
LAST_NAME WEBSTER
ADDRESS 18601 NW 8TH ROAD
CITY MIAMI
STATE FL
ZIP 331690000
MORT $ 21,920.00
BAL $ 21,920.00
RATE 10.000
PAI $ 289.68
CLTV 84.995
MATURITY 80520
FEE 0.5000
LOAN 0000022040604
LAST_NAME DECKER
ADDRESS 2314 KNICKERBOCKER DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282120000
MORT $ 16,000.00
BAL $ 15,584.94
RATE 9.990
PAI $ 339.87
CLTV 77.217
MATURITY 30323
FEE 0.5000
LOAN 0000022040612
LAST_NAME LONDONO
ADDRESS 7731 ATLANTA STREET
CITY HOLLYWOOD
STATE FL
ZIP 330240000
MORT $ 60,000.00
BAL $ 60,000.00
RATE 8.650
PAI $ 748.74
CLTV 60.000
MATURITY 80522
FEE 0.5000
LOAN 0000022040620
LAST_NAME MANUS
ADDRESS 408 PARALLEL DR
CITY HARRISBURG
STATE NC
ZIP 280750000
MORT $ 84,400.00
BAL $ 83,982.63
RATE 8.300
PAI $ 637.04
CLTV 80.000
MATURITY 271007
FEE 0.5000
LOAN 0000022040646
LAST_NAME MCMULLEN
ADDRESS 675 KEESEY LANE
CITY PERRYVILLE
STATE MD
ZIP 219030000
MORT $115,600.00
BAL $ 115,458.00
RATE 8.450
PAI $ 884.77
CLTV 84.688
MATURITY 280310
FEE 0.5000
LOAN 0000022040653
LAST_NAME VALDEZ
ADDRESS 2349 SOUTH 11TH STREET
CITY MILWAUKEE
STATE WI
ZIP 532150000
MORT $ 49,500.00
BAL $ 49,481.52
RATE 10.790
PAI $ 463.57
CLTV 90.000
MATURITY 130414
FEE 0.5000
LOAN 0000022040687
LAST_NAME STUCKER
ADDRESS 8939 W 3000 S
CITY MAGNA
STATE UT
ZIP 840440000
MORT $ 58,500.00
BAL $ 58,381.23
RATE 7.990
PAI $ 428.84
CLTV 75.483
MATURITY 280202
FEE 0.5000
LOAN 0000022040703
LAST_NAME WILCOX
ADDRESS 3364 CROTON TERRACE
CITY PORT CHARLO
STATE FL
ZIP 339510000
MORT $ 34,400.00
BAL $ 33,909.00
RATE 8.300
PAI $ 334.73
CLTV 80.000
MATURITY 121222
FEE 0.5000
LOAN 0000022040711
LAST_NAME WOODWARD
ADDRESS 4100 GARDEN STREET
CITY TITUSVILE
STATE FL
ZIP 327960000
MORT $ 47,000.00
BAL $ 46,783.28
RATE 10.990
PAI $ 647.16
CLTV 82.456
MATURITY 80410
FEE 0.5000
LOAN 0000022040745
LAST_NAME MAINS
ADDRESS 808 BILL DOT DRIVE
CITY APOPKA
STATE FL
ZIP 327030000
MORT $104,000.00
BAL $ 103,248.38
RATE 8.300
PAI $ 784.98
CLTV 79.389
MATURITY 271020
FEE 0.5000
LOAN 0000022040760
LAST_NAME GOODRICH
ADDRESS 5201 GOLF CLUB PARKWAY
CITY ORLANDO
STATE FL
ZIP 328080000
MORT $ 81,600.00
BAL $ 81,231.93
RATE 8.300
PAI $ 615.90
CLTV 80.000
MATURITY 271020
FEE 0.5000
LOAN 0000022040828
LAST_NAME SCHAFENACKER
ADDRESS 3353 SEDONA LANE
CITY TALLAHASSEE
STATE FL
ZIP 323080000
MORT $ 53,600.00
BAL $ 53,309.28
RATE 8.500
PAI $ 412.14
CLTV 80.000
MATURITY 271027
FEE 0.5000
Page 52
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022040836
LAST_NAME BALLARD
ADDRESS 1901 CANTON STREET
CITY ORLANDO
STATE FL
ZIP 328030000
MORT $ 52,500.00
BAL $ 52,332.03
RATE 8.300
PAI $ 396.26
CLTV 51.470
MATURITY 271227
FEE 0.5000
LOAN 0000022040851
LAST_NAME WEST
ADDRESS 4654 PIEDMONT CT.
CITY ORLANDO
STATE FL
ZIP 328110000
MORT $ 40,000.00
BAL $ 39,175.91
RATE 8.300
PAI $ 389.22
CLTV 62.500
MATURITY 121226
FEE 0.5000
LOAN 0000022040869
LAST_NAME CLARK
ADDRESS 302 S. PINE STREET
CITY WASHINGTON
STATE IL
ZIP 615710000
MORT $ 29,140.00
BAL $ 29,140.00
RATE 8.000
PAI $ 353.55
CLTV 43.492
MATURITY 80515
FEE 0.5000
LOAN 0000022040950
LAST_NAME BENNETT
ADDRESS 8746 OVERLOOK DRIVE
CITY ZEPHYRHILLS
STATE FL
ZIP 335440000
MORT $ 83,500.00
BAL $ 83,243.49
RATE 8.500
PAI $ 642.04
CLTV 78.037
MATURITY 271105
FEE 0.5000
LOAN 0000022040968
LAST_NAME BRASHEAR
ADDRESS 1396 ENTERPRISE-OSTEEN RO
CITY ENTERPRISE
STATE FL
ZIP 327250000
MORT $136,000.00
BAL $ 135,497.43
RATE 8.500
PAI $ 1,045.72
CLTV 80.000
MATURITY 271102
FEE 0.5000
LOAN 0000022040984
LAST_NAME GROSSBIER
ADDRESS 5324 WASHINGTON ROAD
CITY DELRAY
STATE FL
ZIP 334890000
MORT $ 34,000.00
BAL $ 33,874.20
RATE 8.500
PAI $ 261.43
CLTV 42.500
MATURITY 271102
FEE 0.5000
LOAN 0000022040992
LAST_NAME COPELAND
ADDRESS 1801 LAKE CREST AVENUE
CITY BRANDON
STATE FL
ZIP 335100000
MORT $ 68,800.00
BAL $ 68,579.86
RATE 8.300
PAI $ 519.29
CLTV 80.000
MATURITY 271210
FEE 0.5000
LOAN 0000022041008
LAST_NAME BULUT
ADDRESS 420 E INVERNESS BLVD.
CITY INVERNESS
STATE FL
ZIP 344520000
MORT $ 46,800.00
BAL $ 46,332.75
RATE 8.300
PAI $ 400.24
CLTV 78.000
MATURITY 171112
FEE 0.5000
LOAN 0000022041024
LAST_NAME KIRBY
ADDRESS 9417 SE 72ND AVE.
CITY OCALA
STATE FL
ZIP 344720000
MORT $194,807.00
BAL $ 194,071.47
RATE 8.400
PAI $ 1,484.11
CLTV 64.935
MATURITY 271107
FEE 0.5000
LOAN 0000022041032
LAST_NAME MOORE
ADDRESS 2607 POTTSDAMER STREET
CITY TALLAHASSEE
STATE FL
ZIP 323100000
MORT $ 90,000.00
BAL $ 89,708.95
RATE 8.300
PAI $ 679.31
CLTV 78.260
MATURITY 271210
FEE 0.5000
LOAN 0000022041040
LAST_NAME PRICE
ADDRESS 517 MANCHESTER STREET
CITY BOCA RATON
STATE FL
ZIP 334870000
MORT $ 80,000.00
BAL $ 79,754.23
RATE 8.500
PAI $ 615.13
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000022041057
LAST_NAME CARLSON
ADDRESS 218 NORTH MIMOSA AVENUE
CITY MIDDLEBURG
STATE FL
ZIP 320680000
MORT $ 63,200.00
BAL $ 62,569.03
RATE 8.300
PAI $ 540.49
CLTV 79.000
MATURITY 171107
FEE 0.5000
LOAN 0000022041065
LAST_NAME HICKS
ADDRESS 9980 CANDLESTICK LANE
CITY PENSACOLA
STATE FL
ZIP 325140000
MORT $ 75,000.00
BAL $ 74,711.00
RATE 8.300
PAI $ 566.09
CLTV 78.947
MATURITY 271102
FEE 0.5000
LOAN 0000022041073
LAST_NAME CANTONE
ADDRESS 4 NORTH CHRISTIANNA ST
CITY APOPKA
STATE FL
ZIP 327030000
MORT $ 44,000.00
BAL $ 43,830.41
RATE 8.300
PAI $ 332.11
CLTV 80.000
MATURITY 271102
FEE 0.5000
LOAN 0000022041081
LAST_NAME RAMOS
ADDRESS 13328 SW 112TH CT
CITY MIAMI
STATE FL
ZIP 331760000
MORT $ 83,200.00
BAL $ 82,013.14
RATE 8.300
PAI $ 809.58
CLTV 80.000
MATURITY 121210
FEE 0.5000
LOAN 0000022041099
LAST_NAME HARLTE
ADDRESS 8311 S BRYCE DR
CITY SANDY
STATE UT
ZIP 840700000
MORT $ 85,840.00
BAL $ 85,565.30
RATE 8.300
PAI $ 647.91
CLTV 71.533
MATURITY 271210
FEE 0.5000
LOAN 0000022041107
LAST_NAME LOVETT
ADDRESS 7378 MAY APPLE ROAD
CITY JACKSONVILL
STATE FL
ZIP 322110000
MORT $ 68,000.00
BAL $ 67,579.99
RATE 8.300
PAI $ 513.25
CLTV 80.000
MATURITY 271215
FEE 0.5000
LOAN 0000022041115
LAST_NAME SALCONE
ADDRESS 894 GREAT BEND RD
CITY ALTAMONTE S
STATE FL
ZIP 327140000
MORT $ 29,000.00
BAL $ 28,209.77
RATE 8.300
PAI $ 356.46
CLTV 36.250
MATURITY 71215
FEE 0.5000
LOAN 0000022041123
LAST_NAME KONING
ADDRESS 18095 43RD ROAD N
CITY LOXAHATCHEE
STATE FL
ZIP 334700000
MORT $ 82,000.00
BAL $ 81,336.73
RATE 8.500
PAI $ 711.62
CLTV 73.873
MATURITY 171215
FEE 0.5000
LOAN 0000022041131
LAST_NAME JONES
ADDRESS 3506 STEWART WAY
CITY TALLAHASSEE
STATE FL
ZIP 323030000
MORT $ 41,000.00
BAL $ 40,389.45
RATE 8.500
PAI $ 403.74
CLTV 77.358
MATURITY 121213
FEE 0.5000
LOAN 0000022041149
LAST_NAME KIRKLAND
ADDRESS 615 37TH AVENUE NORTH
CITY ST PETERSBU
STATE FL
ZIP 337040000
MORT $ 80,000.00
BAL $ 79,352.93
RATE 8.500
PAI $ 694.26
CLTV 84.210
MATURITY 171215
FEE 0.5000
LOAN 0000022041156
LAST_NAME KIMMONS
ADDRESS 6900 JAVID ST
CITY MILTON
STATE FL
ZIP 325830000
MORT $ 36,000.00
BAL $ 35,486.44
RATE 8.300
PAI $ 350.30
CLTV 77.419
MATURITY 121213
FEE 0.5000
LOAN 0000022041164
LAST_NAME GIBBS
ADDRESS 844 SCHUMANN DR
CITY SEBASTIAN
STATE FL
ZIP 329580000
MORT $ 60,000.00
BAL $ 59,729.34
RATE 8.300
PAI $ 452.87
CLTV 60.000
MATURITY 271010
FEE 0.5000
LOAN 0000022041172
LAST_NAME TENNANT
ADDRESS 4512 W PRICE AVENUE
CITY TAMPA
STATE FL
ZIP 336110000
MORT $ 25,650.00
BAL $ 25,284.07
RATE 8.300
PAI $ 249.59
CLTV 47.500
MATURITY 121215
FEE 0.5000
LOAN 0000022041198
LAST_NAME WINTERS
ADDRESS 1439 RITCHIE RD
CITY STOW
STATE OH
ZIP 442240000
MORT $108,000.00
BAL $ 107,871.88
RATE 8.620
PAI $ 839.63
CLTV 80.000
MATURITY 280220
FEE 0.5000
LOAN 0000022041206
LAST_NAME ABSHIER
ADDRESS 1537 NORTH OAKLAND AVENUE
CITY FAYETTEVILL
STATE AR
ZIP 727030000
MORT $ 47,200.00
BAL $ 47,200.00
RATE 7.950
PAI $ 571.43
CLTV 80.000
MATURITY 80519
FEE 0.5000
LOAN 0000022041214
LAST_NAME TYNES
ADDRESS 2045 FREMONT AVENUE N.E.
CITY WARREN
STATE OH
ZIP 444830000
MORT $ 52,000.00
BAL $ 52,000.00
RATE 8.450
PAI $ 398.00
CLTV 74.285
MATURITY 130518
FEE 0.5000
LOAN 0000022041222
LAST_NAME SWANSON
ADDRESS 8368 95TH TERRACE
CITY LARGO
STATE FL
ZIP 337770000
MORT $ 42,400.00
BAL $ 42,236.63
RATE 8.300
PAI $ 320.03
CLTV 80.000
MATURITY 271113
FEE 0.5000
LOAN 0000022041230
LAST_NAME ROSS
ADDRESS 4524 OLD WILLIAM PENN HWY
CITY MONROEVILLE
STATE PA
ZIP 151460000
MORT $ 97,500.00
BAL $ 97,500.00
RATE 7.950
PAI $ 928.95
CLTV 75.000
MATURITY 130513
FEE 0.5000
LOAN 0000022041248
LAST_NAME JURADO
ADDRESS 3698 PONTIAC STREET
CITY DENVER
STATE CO
ZIP 802070000
MORT $ 90,800.00
BAL $ 90,521.06
RATE 8.500
PAI $ 698.17
CLTV 80.000
MATURITY 271217
FEE 0.5000
LOAN 0000022041289
LAST_NAME ENGELENBERG
ADDRESS 1037 55TH AVENUE NORTH
CITY ST. PETERSB
STATE FL
ZIP 337030000
MORT $ 55,200.00
BAL $ 55,023.38
RATE 8.300
PAI $ 416.64
CLTV 78.857
MATURITY 271209
FEE 0.5000
LOAN 0000022041321
LAST_NAME GAMMILL
ADDRESS 23605 SCOTT ROAD
CITY CALHAN
STATE CO
ZIP 808080000
MORT $ 65,500.00
BAL $ 65,247.65
RATE 8.300
PAI $ 494.38
CLTV 68.947
MATURITY 271102
FEE 0.5000
LOAN 0000022041339
LAST_NAME PRATO
ADDRESS 2758 BIARRITZ COURT
CITY PONTE VERDE
STATE FL
ZIP 320820000
MORT $124,000.00
BAL $ 123,655.52
RATE 8.990
PAI $ 996.84
CLTV 80.000
MATURITY 271219
FEE 0.5000
LOAN 0000022041388
LAST_NAME PARNELL-SMIT
ADDRESS 2502 CLARKSON STREET
CITY DENVER
STATE CO
ZIP 802050000
MORT $ 79,000.00
BAL $ 78,763.37
RATE 8.800
PAI $ 624.32
CLTV 63.200
MATURITY 271113
FEE 0.5000
LOAN 0000022041420
LAST_NAME PITTS
ADDRESS 1034 DETROIT STREET
CITY JACKSONVILL
STATE FL
ZIP 322540000
MORT $ 17,000.00
BAL $ 15,942.72
RATE 8.300
PAI $ 165.42
CLTV 34.000
MATURITY 121021
FEE 0.5000
LOAN 0000022041438
LAST_NAME HILBORNE
ADDRESS 5760 NIAGARA STREET
CITY COMMERCE CI
STATE CO
ZIP 800220000
MORT $ 75,200.00
BAL $ 74,968.98
RATE 8.500
PAI $ 578.22
CLTV 80.000
MATURITY 271215
FEE 0.5000
LOAN 0000022041446
LAST_NAME VOGELSANG
ADDRESS 1733 WYANDOTTE TRAIL
CITY CASSELBERRY
STATE FL
ZIP 327070000
MORT $ 78,000.00
BAL $ 77,857.24
RATE 8.500
PAI $ 599.75
CLTV 80.000
MATURITY 280213
FEE 0.5000
LOAN 0000022041479
LAST_NAME BATTAGLIA
ADDRESS 1818 CROSSWELL COURT
CITY ORLANDO
STATE FL
ZIP 328370000
MORT $ 96,700.00
BAL $ 96,569.53
RATE 7.990
PAI $ 708.88
CLTV 71.102
MATURITY 280221
FEE 0.5000
LOAN 0000022041495
LAST_NAME SEXTON
ADDRESS 3914 TYSON STREET
CITY TAMPA
STATE FL
ZIP 336110000
MORT $ 52,600.00
BAL $ 52,397.31
RATE 8.300
PAI $ 397.02
CLTV 78.507
MATURITY 271112
FEE 0.5000
LOAN 0000022041503
LAST_NAME DALBOW
ADDRESS 405 S BLUFORD AVENUE
CITY OCOEE
STATE FL
ZIP 347610000
MORT $ 94,350.00
BAL $ 94,246.33
RATE 8.990
PAI $ 758.48
CLTV 85.000
MATURITY 280302
FEE 0.5000
LOAN 0000022041529
LAST_NAME SMALL
ADDRESS 1720 BRANDON TRACE AVE
CITY BRANDON
STATE FL
ZIP 335100000
MORT $ 71,400.00
BAL $ 71,281.87
RATE 8.990
PAI $ 573.99
CLTV 85.000
MATURITY 280302
FEE 0.5000
Page 53
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EXHIBIT 'C'
-----------
LOAN 0000022041545
LAST_NAME KEY
ADDRESS 8175 SW 24TH STREET
CITY DAVIE
STATE FL
ZIP 333240000
MORT $ 48,000.00
BAL $ 47,861.45
RATE 7.990
PAI $ 351.87
CLTV 77.419
MATURITY 280202
FEE 0.5000
LOAN 0000022041552
LAST_NAME CLEGG
ADDRESS 101 HATFIELD COURT
CITY LONGWOOD
STATE FL
ZIP 327790000
MORT $ 60,000.00
BAL $ 59,900.74
RATE 8.990
PAI $ 482.34
CLTV 63.829
MATURITY 280227
FEE 0.5000
LOAN 0000022041602
LAST_NAME GABERLE
ADDRESS 129 65TH STREET NORTH
CITY ST PETERSBU
STATE FL
ZIP 337100000
MORT $ 57,500.00
BAL $ 56,183.14
RATE 8.300
PAI $ 434.00
CLTV 54.761
MATURITY 271002
FEE 0.5000
LOAN 0000022041636
LAST_NAME CASTEEL
ADDRESS 10808 SE 56TH COURT
CITY BELLEVIEW
STATE FL
ZIP 344200000
MORT $ 47,000.00
BAL $ 45,978.92
RATE 8.300
PAI $ 577.72
CLTV 78.333
MATURITY 71222
FEE 0.5000
LOAN 0000022041677
LAST_NAME CRUMBLEY
ADDRESS 19880 FRANJO ROAD
CITY MIAMI
STATE FL
ZIP 331570000
MORT $102,400.00
BAL $ 102,072.34
RATE 8.300
PAI $ 772.90
CLTV 80.000
MATURITY 271217
FEE 0.5000
LOAN 0000022041685
LAST_NAME PRESTON
ADDRESS 6111 BALSAM DRIVE
CITY FORT PIERCE
STATE FL
ZIP 349820000
MORT $ 30,000.00
BAL $ 29,907.85
RATE 8.500
PAI $ 230.67
CLTV 36.585
MATURITY 271227
FEE 0.5000
LOAN 0000022041701
LAST_NAME QUIRK
ADDRESS 813 LIVE OAK STREET
CITY NEW SMYRNA
STATE FL
ZIP 321680000
MORT $ 69,700.00
BAL $ 68,930.22
RATE 9.240
PAI $ 637.91
CLTV 85.000
MATURITY 171219
FEE 0.5000
LOAN 0000022041735
LAST_NAME O'CARROLL
ADDRESS 1413 E STANLEY DRIVE
CITY SANDY
STATE UT
ZIP 840930000
MORT $140,250.00
BAL $ 140,087.61
RATE 8.750
PAI $ 1,103.35
CLTV 85.000
MATURITY 280213
FEE 0.5000
LOAN 0000022041750
LAST_NAME MITCHELL
ADDRESS 8824 SW 10 STREET
CITY BOCA RATON
STATE FL
ZIP 334330000
MORT $108,000.00
BAL $ 107,512.79
RATE 8.300
PAI $ 815.17
CLTV 80.000
MATURITY 271002
FEE 0.5000
LOAN 0000022041768
LAST_NAME DAVIS
ADDRESS 15615 BERTRAM DRIVE
CITY HUDSON
STATE FL
ZIP 346670000
MORT $ 30,000.00
BAL $ 29,697.24
RATE 7.990
PAI $ 286.52
CLTV 18.181
MATURITY 130209
FEE 0.5000
LOAN 0000022041784
LAST_NAME NOVAKOSKI
ADDRESS 138 KING'S POND AVENUE
CITY WINTER HAVE
STATE FL
ZIP 338800000
MORT $ 56,400.00
BAL $ 56,331.42
RATE 8.500
PAI $ 433.67
CLTV 80.000
MATURITY 280213
FEE 0.5000
LOAN 0000022041826
LAST_NAME SWIGER
ADDRESS 1022 SW 78TH TERR
CITY GAINESVILLE
STATE FL
ZIP 326070000
MORT $ 68,000.00
BAL $ 67,869.02
RATE 8.250
PAI $ 510.86
CLTV 80.000
MATURITY 280203
FEE 0.5000
LOAN 0000022041834
LAST_NAME GARCIA
ADDRESS 950 WOLFF STREET
CITY DENVER
STATE CO
ZIP 802040000
MORT $ 50,000.00
BAL $ 49,913.06
RATE 8.750
PAI $ 393.35
CLTV 50.000
MATURITY 280216
FEE 0.5000
LOAN 0000022041883
LAST_NAME RAWLS
ADDRESS 11544 HARLAN DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322180000
MORT $ 54,400.00
BAL $ 54,225.95
RATE 8.300
PAI $ 410.60
CLTV 75.555
MATURITY 271224
FEE 0.5000
LOAN 0000022041891
LAST_NAME GRIFFIN
ADDRESS 4050 COTTAGE WOOD TRAIL
CITY TALLAHASSEE
STATE FL
ZIP 323110000
MORT $ 37,600.00
BAL $ 37,271.55
RATE 7.990
PAI $ 359.11
CLTV 50.133
MATURITY 130202
FEE 0.5000
LOAN 0000022041917
LAST_NAME LEWIS
ADDRESS 6511 N RANDWICK RD
CITY PEORIA
STATE IL
ZIP 616150000
MORT $ 42,000.00
BAL $ 41,482.40
RATE 7.990
PAI $ 351.04
CLTV 64.615
MATURITY 180202
FEE 0.5000
LOAN 0000022041933
LAST_NAME DIGGS
ADDRESS 1906 E OHIO STREET
CITY PLANT CITY
STATE FL
ZIP 335660000
MORT $ 36,500.00
BAL $ 36,181.18
RATE 7.990
PAI $ 348.60
CLTV 68.867
MATURITY 130202
FEE 0.5000
LOAN 0000022041941
LAST_NAME ADAMS
ADDRESS 42 GIBBS AVE
CITY SOMERS POIN
STATE NJ
ZIP 082440000
MORT $ 69,700.00
BAL $ 69,700.00
RATE 10.950
PAI $ 661.14
CLTV 85.000
MATURITY 280504
FEE 0.5000
LOAN 0000022041966
LAST_NAME KNOTTS
ADDRESS 4133 SETON CIRCLE
CITY PALM HARBOR
STATE FL
ZIP 346830000
MORT $116,000.00
BAL $ 115,667.05
RATE 8.620
PAI $ 943.46
CLTV 80.000
MATURITY 230213
FEE 0.5000
LOAN 0000022042006
LAST_NAME VIOLA
ADDRESS 3068 ALDORO AVENUE
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $ 60,000.00
BAL $ 59,878.17
RATE 7.990
PAI $ 439.84
CLTV 80.000
MATURITY 280202
FEE 0.5000
LOAN 0000022042048
LAST_NAME BORQUEZ
ADDRESS 5020 PORTRAIT PL
CITY COLORADO SP
STATE CO
ZIP 809170000
MORT $106,400.00
BAL $ 105,692.34
RATE 8.250
PAI $ 906.60
CLTV 80.000
MATURITY 180116
FEE 0.5000
LOAN 0000022042055
LAST_NAME POLANCO
ADDRESS 2120 GOLDEN GATE BLVD
CITY NAPLES
STATE FL
ZIP 341200000
MORT $ 95,000.00
BAL $ 94,705.29
RATE 8.750
PAI $ 839.53
CLTV 76.000
MATURITY 180227
FEE 0.5000
LOAN 0000022042063
LAST_NAME MCQUEEN
ADDRESS 2931 NE 11TH TERRACE
CITY GAINESVILLE
STATE FL
ZIP 326090000
MORT $ 48,200.00
BAL $ 47,512.42
RATE 8.300
PAI $ 469.01
CLTV 75.905
MATURITY 130102
FEE 0.5000
LOAN 0000022042071
LAST_NAME PERKINS
ADDRESS 721 HERITAGE BLVD
CITY WINTER PARK
STATE FL
ZIP 327890000
MORT $ 53,000.00
BAL $ 52,809.72
RATE 8.300
PAI $ 400.04
CLTV 50.961
MATURITY 271224
FEE 0.5000
LOAN 0000022042097
LAST_NAME SNELL
ADDRESS 2905 OAKWOOD DR
CITY TALLAHASSEE
STATE FL
ZIP 323040000
MORT $ 44,000.00
BAL $ 43,887.73
RATE 8.300
PAI $ 332.11
CLTV 80.000
MATURITY 271220
FEE 0.5000
LOAN 0000022042105
LAST_NAME FULTON
ADDRESS 18345 92ND LN
CITY LOXAHATCHEE
STATE FL
ZIP 334700000
MORT $120,000.00
BAL $ 119,768.85
RATE 8.250
PAI $ 901.52
CLTV 79.470
MATURITY 280202
FEE 0.5000
LOAN 0000022042113
LAST_NAME VACCIANNA
ADDRESS 3717 N INDIAN HEAD RD
CITY HERNANDO
STATE FL
ZIP 344420000
MORT $130,000.00
BAL $ 128,521.54
RATE 8.300
PAI $ 1,264.97
CLTV 74.285
MATURITY 130102
FEE 0.5000
LOAN 0000022042121
LAST_NAME BEHLING
ADDRESS 9409 VIA PALMA CIA
CITY APOPKA
STATE FL
ZIP 327030000
MORT $ 68,000.00
BAL $ 67,918.16
RATE 8.490
PAI $ 522.38
CLTV 80.000
MATURITY 280315
FEE 0.5000
LOAN 0000022042139
LAST_NAME FLORES
ADDRESS 3755 E 123RD AVE
CITY THORNTON
STATE CO
ZIP 802410000
MORT $ 88,000.00
BAL $ 87,782.27
RATE 8.450
PAI $ 673.53
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022042147
LAST_NAME SMITH
ADDRESS 3226 KATHLEEN DRIVE
CITY ORLANDO
STATE FL
ZIP 328100000
MORT $ 64,000.00
BAL $ 63,870.06
RATE 7.990
PAI $ 469.16
CLTV 77.108
MATURITY 280223
FEE 0.5000
LOAN 0000022042154
LAST_NAME LOCKE
ADDRESS 5943 E WAVERLY POINT
CITY INVERNESS
STATE FL
ZIP 344520000
MORT $ 50,000.00
BAL $ 49,280.65
RATE 8.300
PAI $ 486.53
CLTV 72.463
MATURITY 130115
FEE 0.5000
LOAN 0000022042162
LAST_NAME SANCHEZ
ADDRESS 2936 ADAMS AVENUE
CITY OGDEN
STATE UT
ZIP 844030000
MORT $ 58,500.00
BAL $ 58,395.53
RATE 8.620
PAI $ 454.80
CLTV 66.477
MATURITY 280228
FEE 0.5000
LOAN 0000022042170
LAST_NAME MUSGRAVE
ADDRESS 9211 STAR TRAIL
CITY NEW PORT RI
STATE FL
ZIP 346540000
MORT $147,000.00
BAL $ 146,529.64
RATE 8.300
PAI $ 1,109.53
CLTV 73.500
MATURITY 271217
FEE 0.5000
LOAN 0000022042238
LAST_NAME BOYCE
ADDRESS 6073 ROME SOUTH ROAD
CITY SHILOH
STATE OH
ZIP 448780000
MORT $ 60,000.00
BAL $ 60,000.00
RATE 8.000
PAI $ 440.26
CLTV 67.796
MATURITY 130526
FEE 0.5000
LOAN 0000022042246
LAST_NAME KERR
ADDRESS 146-148 ADAMS ST.
CITY HRTFORD
STATE CT
ZIP 061120000
MORT $ 89,800.00
BAL $ 89,678.84
RATE 7.990
PAI $ 658.30
CLTV 72.419
MATURITY 280327
FEE 0.5000
LOAN 0000022042261
LAST_NAME PEACO
ADDRESS 24535 MAPLE RIDGE ROAD
CITY NORTH OLMST
STATE OH
ZIP 440700000
MORT $ 90,000.00
BAL $ 89,962.25
RATE 10.250
PAI $ 806.50
CLTV 90.000
MATURITY 130424
FEE 0.5000
LOAN 0000022042295
LAST_NAME JAMES
ADDRESS 1606 HOLY COW ROAD
CITY POLK CITY
STATE FL
ZIP 338680000
MORT $108,800.00
BAL $ 108,545.79
RATE 10.950
PAI $ 1,119.33
CLTV 85.000
MATURITY 180325
FEE 0.5000
LOAN 0000022042303
LAST_NAME KELLY
ADDRESS 25 LIBERTY STREET
CITY NEW BRITAIN
STATE CT
ZIP 060520000
MORT $ 53,000.00
BAL $ 52,850.20
RATE 8.250
PAI $ 514.18
CLTV 57.297
MATURITY 130402
FEE 0.5000
LOAN 0000022042311
LAST_NAME HUMPHRIES
ADDRESS 6141 TALLENTS ROAD
CITY MCDONALD
STATE TN
ZIP 373530000
MORT $ 58,775.00
BAL $ 58,613.98
RATE 8.600
PAI $ 582.24
CLTV 71.676
MATURITY 130406
FEE 0.5000
LOAN 0000022042360
LAST_NAME HIRSCHMAN
ADDRESS 805 SUGARCANE AVE
CITY ST. AUGUSTI
STATE FL
ZIP 320950000
MORT $ 85,400.00
BAL $ 85,354.31
RATE 9.100
PAI $ 693.31
CLTV 77.636
MATURITY 280406
FEE 0.5000
LOAN 0000022042378
LAST_NAME NICHOLSON
ADDRESS 232 HEWITT STREET
CITY BRIDGEPORT
STATE CT
ZIP 066070000
MORT $ 66,400.00
BAL $ 66,366.30
RATE 9.350
PAI $ 551.07
CLTV 80.000
MATURITY 280413
FEE 0.5000
Page 54
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022042386
LAST_NAME VAUGHAN
ADDRESS 5104 EAGLE BLVD
CITY LAND O LAKE
STATE FL
ZIP 346390000
MORT $116,000.00
BAL $ 115,700.46
RATE 8.240
PAI $ 870.65
CLTV 77.333
MATURITY 280122
FEE 0.5000
LOAN 0000022042410
LAST_NAME ATKINS
ADDRESS 4925 IRVING DRIVE
CITY COLORADO SP
STATE CO
ZIP 809160000
MORT $104,800.00
BAL $ 103,931.11
RATE 8.300
PAI $ 896.26
CLTV 80.000
MATURITY 180102
FEE 0.5000
LOAN 0000022042436
LAST_NAME PURCELL
ADDRESS 59 SPRING HILL AVE.
CITY NORWALK
STATE CT
ZIP 068500000
MORT $104,000.00
BAL $ 103,937.00
RATE 8.500
PAI $ 799.67
CLTV 59.090
MATURITY 280420
FEE 0.5000
LOAN 0000022042444
LAST_NAME DOHERTY
ADDRESS 139 WESLEY AVENUE
CITY BUFFALO
STATE NY
ZIP 142140000
MORT $ 72,100.00
BAL $ 71,909.29
RATE 8.990
PAI $ 730.86
CLTV 77.526
MATURITY 130330
FEE 0.5000
LOAN 0000022042451
LAST_NAME NURO
ADDRESS 119 NEW HACKENSACK ROAD
CITY WAPPINGERS
STATE NY
ZIP 125900000
MORT $ 94,500.00
BAL $ 94,500.00
RATE 9.700
PAI $ 808.44
CLTV 75.298
MATURITY 280503
FEE 0.5000
LOAN 0000022042477
LAST_NAME MAC ADAMS
ADDRESS 15 HAWTHORNE TERRACE
CITY NORTH READI
STATE MA
ZIP 018640000
MORT $116,000.00
BAL $ 116,000.00
RATE 7.850
PAI $ 839.07
CLTV 80.000
MATURITY 280506
FEE 0.5000
LOAN 0000022042485
LAST_NAME STEWART
ADDRESS 3933 COURTLAND DR
CITY CHARLOTTE
STATE NC
ZIP 282120000
MORT $ 72,000.00
BAL $ 71,867.94
RATE 8.490
PAI $ 553.11
CLTV 80.000
MATURITY 280227
FEE 0.5000
LOAN 0000022042493
LAST_NAME MILLER
ADDRESS 37545 MUNGER STREET
CITY LIVONIA
STATE MI
ZIP 481540000
MORT $109,500.00
BAL $ 109,500.00
RATE 7.850
PAI $ 905.71
CLTV 59.189
MATURITY 180518
FEE 0.5000
LOAN 0000022042527
LAST_NAME SANDERS
ADDRESS 184 GREENTREE CIRCLE
CITY JUPITER
STATE FL
ZIP 334580000
MORT $ 91,200.00
BAL $ 90,944.51
RATE 8.350
PAI $ 890.09
CLTV 80.000
MATURITY 130406
FEE 0.5000
LOAN 0000022042543
LAST_NAME TRIVETTE
ADDRESS 338 GREEN MEADOWS DRIVE
CITY WILMINGTON
STATE NC
ZIP 284050000
MORT $ 81,000.00
BAL $ 80,879.27
RATE 9.490
PAI $ 680.50
CLTV 85.714
MATURITY 280228
FEE 0.5000
LOAN 0000022042576
LAST_NAME PONDS
ADDRESS 1911 WOFFORD AVENUE
CITY JACKSONVILL
STATE FL
ZIP 322180000
MORT $ 45,900.00
BAL $ 45,719.88
RATE 10.350
PAI $ 453.65
CLTV 80.526
MATURITY 180326
FEE 0.5000
LOAN 0000022042584
LAST_NAME HAMRICK
ADDRESS 14158 TOMAS POINT LAKE
CITY JACKSONVILL
STATE FL
ZIP 322250000
MORT $106,000.00
BAL $ 104,941.73
RATE 8.300
PAI $ 906.52
CLTV 75.714
MATURITY 171126
FEE 0.5000
LOAN 0000022042600
LAST_NAME GLADSON
ADDRESS 762 9TH STREET S.E.
CITY CLEVELAND
STATE TN
ZIP 373110000
MORT $ 39,600.00
BAL $ 39,576.49
RATE 8.600
PAI $ 307.31
CLTV 80.000
MATURITY 130408
FEE 0.5000
LOAN 0000022042618
LAST_NAME LAM
ADDRESS 2880 MEADOW VIEW AVENUE
CITY LARGO
STATE FL
ZIP 337710000
MORT $ 60,000.00
BAL $ 59,158.97
RATE 8.500
PAI $ 590.84
CLTV 70.588
MATURITY 121216
FEE 0.5000
LOAN 0000022042634
LAST_NAME DONAHUE
ADDRESS 8209 MEDFORD DR
CITY PORT RICHIE
STATE FL
ZIP 346680000
MORT $ 64,000.00
BAL $ 63,681.46
RATE 8.240
PAI $ 544.92
CLTV 80.000
MATURITY 180218
FEE 0.5000
LOAN 0000022042642
LAST_NAME PHELAN
ADDRESS 5275 SHERRY LANE
CITY FAIRFIELD
STATE OH
ZIP 450140000
MORT $ 97,600.00
BAL $ 97,484.21
RATE 8.620
PAI $ 758.78
CLTV 80.000
MATURITY 280302
FEE 0.5000
LOAN 0000022042659
LAST_NAME WRIGHT
ADDRESS 23 BURNSVILLE RIDGE ROAD
CITY WEST FINLEY
STATE PA
ZIP 153770000
MORT $ 28,000.00
BAL $ 27,862.26
RATE 9.900
PAI $ 299.18
CLTV 66.666
MATURITY 130326
FEE 0.5000
LOAN 0000022042667
LAST_NAME WESLEY
ADDRESS 1937 SW 5 STREET
CITY OCALA
STATE FL
ZIP 344740000
MORT $ 32,000.00
BAL $ 31,897.60
RATE 8.300
PAI $ 241.53
CLTV 80.000
MATURITY 280103
FEE 0.5000
LOAN 0000022042675
LAST_NAME STARNES
ADDRESS 809 HANDEL LANE
CITY APEX
STATE NC
ZIP 275020000
MORT $112,800.00
BAL $ 112,605.89
RATE 8.800
PAI $ 891.43
CLTV 80.000
MATURITY 280209
FEE 0.5000
LOAN 0000022042683
LAST_NAME GROGAN
ADDRESS 643 20TH STREET
CITY BROOKLYN
STATE NY
ZIP 112180000
MORT $112,300.00
BAL $ 112,131.64
RATE 8.990
PAI $ 1,009.67
CLTV 53.476
MATURITY 180409
FEE 0.5000
LOAN 0000022042691
LAST_NAME AUBERT
ADDRESS 817 WINDINGWAY DRIVE
CITY BATON ROUGE
STATE LA
ZIP 708100000
MORT $ 50,250.00
BAL $ 50,109.23
RATE 8.350
PAI $ 490.43
CLTV 75.000
MATURITY 130406
FEE 0.5000
LOAN 0000022042709
LAST_NAME WALKER
ADDRESS 3556 28TH AVENUE SOUTH
CITY ST. PETERSB
STATE FL
ZIP 337110000
MORT $ 52,000.00
BAL $ 51,694.44
RATE 7.850
PAI $ 492.45
CLTV 77.611
MATURITY 130330
FEE 0.5000
LOAN 0000022042717
LAST_NAME RAEL
ADDRESS 1519 S SALIDA WAY
CITY AURORA
STATE CO
ZIP 800170000
MORT $ 94,400.00
BAL $ 94,288.02
RATE 8.620
PAI $ 733.90
CLTV 80.000
MATURITY 280225
FEE 0.5000
LOAN 0000022042725
LAST_NAME WILLIAMS
ADDRESS 4026 29TH AVENUE NORTH
CITY ST PETERSBU
STATE FL
ZIP 337130000
MORT $ 65,875.00
BAL $ 65,743.57
RATE 9.490
PAI $ 553.43
CLTV 85.000
MATURITY 280102
FEE 0.5000
LOAN 0000022042733
LAST_NAME SLOAN
ADDRESS 2527 MONTEREY STREET
CITY SARASOTA
STATE FL
ZIP 342310000
MORT $180,800.00
BAL $ 180,681.12
RATE 8.100
PAI $ 1,339.28
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000022042741
LAST_NAME BROOKS
ADDRESS 1150 KENWOOD AVENUE
CITY CAMDEN
STATE NJ
ZIP 081030000
MORT $ 32,000.00
BAL $ 32,000.00
RATE 9.990
PAI $ 422.71
CLTV 80.000
MATURITY 80406
FEE 0.5000
LOAN 0000022042766
LAST_NAME GUEST
ADDRESS 288 BALD EAGLE RUN
CITY LAKE MARY
STATE FL
ZIP 327460000
MORT $215,200.00
BAL $ 214,538.86
RATE 8.500
PAI $ 1,654.70
CLTV 79.703
MATURITY 271224
FEE 0.5000
LOAN 0000022042774
LAST_NAME JAWORSKI
ADDRESS 99 HIRSCHBECK STREET
CITY BUFFALO
STATE NY
ZIP 142120000
MORT $ 19,200.00
BAL $ 19,177.79
RATE 10.990
PAI $ 198.05
CLTV 80.000
MATURITY 180401
FEE 0.5000
LOAN 0000022042782
LAST_NAME LOPEZ
ADDRESS 3023 CHEYENNE AVE
CITY PUEBLO
STATE CO
ZIP 810080000
MORT $ 60,000.00
BAL $ 59,663.27
RATE 8.370
PAI $ 586.28
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000022042816
LAST_NAME PRICE
ADDRESS 34817 ORCHID PKWY
CITY RIDGE MANOR
STATE FL
ZIP 335230000
MORT $ 54,400.00
BAL $ 54,274.72
RATE 8.240
PAI $ 408.31
CLTV 80.000
MATURITY 280219
FEE 0.5000
LOAN 0000022042824
LAST_NAME MORLEY
ADDRESS 99 CALHOUN AVENUE
CITY ROCHESTER
STATE NY
ZIP 146060000
MORT $ 52,500.00
BAL $ 52,471.26
RATE 8.990
PAI $ 422.05
CLTV 75.000
MATURITY 280409
FEE 0.5000
LOAN 0000022042832
LAST_NAME STURIALE
ADDRESS 2045 POWELL ROAD
CITY ST. AUGUSTI
STATE FL
ZIP 320950000
MORT $ 76,400.00
BAL $ 76,212.90
RATE 8.500
PAI $ 587.45
CLTV 80.000
MATURITY 271219
FEE 0.5000
LOAN 0000022042857
LAST_NAME MELIGAN
ADDRESS 2050 52ND AVE NORTH
CITY ST PETERSBU
STATE FL
ZIP 337140000
MORT $ 35,000.00
BAL $ 34,768.67
RATE 8.300
PAI $ 299.32
CLTV 79.545
MATURITY 180102
FEE 0.5000
LOAN 0000022042873
LAST_NAME FELTON
ADDRESS 7205 BLUFF WOOD COVE
CITY CHARLOTTE
STATE NC
ZIP 282120000
MORT $ 92,000.00
BAL $ 91,887.90
RATE 8.490
PAI $ 706.75
CLTV 80.000
MATURITY 280227
FEE 0.5000
LOAN 0000022042881
LAST_NAME HIGGINS
ADDRESS 7341 KING ARTHUR DRIVE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $ 34,500.00
BAL $ 34,344.38
RATE 8.300
PAI $ 260.40
CLTV 77.528
MATURITY 271027
FEE 0.5000
LOAN 0000022042915
LAST_NAME PARSONS
ADDRESS 537 15TH AVENUE NORTH
CITY JACKSONVILL
STATE FL
ZIP 322500000
MORT $ 36,000.00
BAL $ 35,018.97
RATE 8.300
PAI $ 442.51
CLTV 40.449
MATURITY 71202
FEE 0.5000
LOAN 0000022042923
LAST_NAME HIPSH
ADDRESS 204 FIRETHORN ROAD
CITY GULF BREEZE
STATE FL
ZIP 325610000
MORT $ 88,500.00
BAL $ 88,166.03
RATE 7.990
PAI $ 755.69
CLTV 58.609
MATURITY 170227
FEE 0.5000
LOAN 0000022042972
LAST_NAME DAVIS
ADDRESS 38439 MOODY AVENUE
CITY DADE CITY
STATE FL
ZIP 335250000
MORT $ 46,400.00
BAL $ 46,129.01
RATE 8.300
PAI $ 350.22
CLTV 80.000
MATURITY 270723
FEE 0.5000
LOAN 0000022042998
LAST_NAME HOVEY
ADDRESS 6602 W ELDORADO PLACE
CITY DENVER
STATE CO
ZIP 802270000
MORT $128,000.00
BAL $ 127,380.92
RATE 8.300
PAI $ 966.12
CLTV 80.000
MATURITY 270924
FEE 0.5000
LOAN 0000022043004
LAST_NAME BELTZER
ADDRESS 314 OAK LANE PASS
CITY OCALA
STATE FL
ZIP 344720000
MORT $ 37,500.00
BAL $ 37,070.33
RATE 7.990
PAI $ 313.43
CLTV 51.369
MATURITY 180219
FEE 0.5000
LOAN 0000022043020
LAST_NAME RAYNOR
ADDRESS 959 LOUISE CIRCLE
CITY FAYETTEVILL
STATE NC
ZIP 283140000
MORT $ 22,000.00
BAL $ 21,649.05
RATE 8.620
PAI $ 274.18
CLTV 51.162
MATURITY 80206
FEE 0.5000
Page 55
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022043038
LAST_NAME ELLIOTT
ADDRESS 815 W COLLEGE AVENUE
CITY RUSKIN
STATE FL
ZIP 335700000
MORT $ 75,000.00
BAL $ 74,668.37
RATE 8.990
PAI $ 602.93
CLTV 76.530
MATURITY 280228
FEE 0.5000
LOAN 0000022043046
LAST_NAME REDING
ADDRESS 5539 WESTVIEW DRIVE
CITY ORLANDO
STATE FL
ZIP 328100000
MORT $ 67,400.00
BAL $ 61,233.94
RATE 8.490
PAI $ 517.77
CLTV 78.372
MATURITY 280228
FEE 0.5000
LOAN 0000022043053
LAST_NAME BODON
ADDRESS 3284 LAVERNE CT
CITY NEW PORT RI
STATE FL
ZIP 346550000
MORT $ 64,000.00
BAL $ 63,882.87
RATE 8.500
PAI $ 492.10
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022043079
LAST_NAME COX
ADDRESS 20383 ANDOVER AVE
CITY PORT CHARLO
STATE FL
ZIP 339540000
MORT $ 55,500.00
BAL $ 55,039.87
RATE 8.300
PAI $ 474.64
CLTV 76.027
MATURITY 171216
FEE 0.5000
LOAN 0000022043087
LAST_NAME PETRON
ADDRESS 6950 SAGEWOOD COURT
CITY COLORADO SP
STATE CO
ZIP 809180000
MORT $ 85,000.00
BAL $ 82,581.96
RATE 8.300
PAI $ 726.93
CLTV 71.428
MATURITY 170902
FEE 0.5000
LOAN 0000022043095
LAST_NAME ORTIZ
ADDRESS 2237 NW 43RD PLACE
CITY GAINESVILLE
STATE FL
ZIP 326050000
MORT $ 74,600.00
BAL $ 74,164.31
RATE 8.300
PAI $ 563.07
CLTV 79.361
MATURITY 270728
FEE 0.5000
LOAN 0000022043103
LAST_NAME BAEZA
ADDRESS 1124 E 1ST STREET
CITY GRANDE
STATE AZ
ZIP 852220000
MORT $ 26,200.00
BAL $ 25,621.33
RATE 8.800
PAI $ 262.63
CLTV 28.448
MATURITY 121002
FEE 0.5000
LOAN 0000022043111
LAST_NAME HENDERSON
ADDRESS 46 LAKEVIEW DRIVE
CITY LINDALE
STATE GA
ZIP 301470000
MORT $ 73,600.00
BAL $ 73,281.18
RATE 8.500
PAI $ 565.92
CLTV 80.000
MATURITY 271002
FEE 0.5000
LOAN 0000022043129
LAST_NAME JAKUBOWSKI
ADDRESS 4110 GREEN FERN DRIVE
CITY ORLANDO
STATE FL
ZIP 328100000
MORT $ 83,200.00
BAL $ 82,837.50
RATE 8.500
PAI $ 639.74
CLTV 80.000
MATURITY 271002
FEE 0.5000
LOAN 0000022043137
LAST_NAME CLEMMONS
ADDRESS 430 PYKE ROAD
CITY LEXINGTON
STATE KY
ZIP 405040000
MORT $ 39,500.00
BAL $ 39,321.82
RATE 8.300
PAI $ 298.14
CLTV 56.428
MATURITY 271005
FEE 0.5000
LOAN 0000022043145
LAST_NAME GOULD
ADDRESS 9703 WINDER TRAIL
CITY ORLANDO
STATE FL
ZIP 328170000
MORT $ 65,000.00
BAL $ 64,962.99
RATE 8.800
PAI $ 513.68
CLTV 71.823
MATURITY 280403
FEE 0.5000
LOAN 0000022043152
LAST_NAME JONES
ADDRESS 5528 TUGHILL DRIVE
CITY TAMPA
STATE FL
ZIP 336240000
MORT $ 94,400.00
BAL $ 94,339.80
RATE 8.250
PAI $ 709.20
CLTV 79.564
MATURITY 130330
FEE 0.5000
LOAN 0000022043160
LAST_NAME BOONPARN
ADDRESS 3923 SHERLIN DRIVE
CITY EAST RIDGE
STATE TN
ZIP 374120000
MORT $ 68,200.00
BAL $ 67,445.70
RATE 7.850
PAI $ 822.06
CLTV 77.500
MATURITY 80325
FEE 0.5000
LOAN 0000022043178
LAST_NAME DALLY
ADDRESS 6750 NW 17TH STREET
CITY MARGATE
STATE FL
ZIP 330630000
MORT $ 63,750.00
BAL $ 63,690.89
RATE 9.800
PAI $ 550.06
CLTV 85.000
MATURITY 280327
FEE 0.5000
LOAN 0000022043186
LAST_NAME BOOTH
ADDRESS 5339 MADISON RD
CITY DELRAY BEAC
STATE FL
ZIP 334840000
MORT $ 15,000.00
BAL $ 14,556.55
RATE 8.700
PAI $ 309.20
CLTV 46.377
MATURITY 30330
FEE 0.5000
LOAN 0000022043202
LAST_NAME ROSS
ADDRESS 3300 35TH STREET
CITY ST PETERSBU
STATE FL
ZIP 337130000
MORT $ 25,000.00
BAL $ 24,869.92
RATE 8.300
PAI $ 188.70
CLTV 39.682
MATURITY 270902
FEE 0.5000
LOAN 0000022043228
LAST_NAME GIBSON
ADDRESS 8697 78TH AVENUE NORTH
CITY LARGO
STATE FL
ZIP 337770000
MORT $ 62,400.00
BAL $ 62,035.53
RATE 8.300
PAI $ 470.99
CLTV 80.000
MATURITY 270813
FEE 0.5000
LOAN 0000022043236
LAST_NAME REEVES
ADDRESS 2403 WEST THARPE
CITY TALLAHASSEE
STATE FL
ZIP 323030000
MORT $ 48,000.00
BAL $ 47,622.10
RATE 8.300
PAI $ 410.50
CLTV 80.000
MATURITY 180102
FEE 0.5000
LOAN 0000022043244
LAST_NAME THOMASON
ADDRESS 7841 ELVIA DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322110000
MORT $ 56,000.00
BAL $ 55,363.12
RATE 8.300
PAI $ 544.91
CLTV 78.873
MATURITY 130102
FEE 0.5000
LOAN 0000022043251
LAST_NAME WAGERS
ADDRESS 102 CORAL COURT
CITY CLEARWATER
STATE FL
ZIP 337560000
MORT $ 53,500.00
BAL $ 52,750.04
RATE 8.500
PAI $ 526.84
CLTV 66.875
MATURITY 121224
FEE 0.5000
LOAN 0000022043269
LAST_NAME CALDWELL
ADDRESS 3017 S DER RD
CITY PLANT CITY
STATE FL
ZIP 335660000
MORT $ 35,000.00
BAL $ 34,701.18
RATE 8.250
PAI $ 339.55
CLTV 56.451
MATURITY 130202
FEE 0.5000
LOAN 0000022043277
LAST_NAME SMITH
ADDRESS 1220 N UNDERHILL
CITY PEORIA
STATE IL
ZIP 616000000
MORT $ 32,000.00
BAL $ 31,793.69
RATE 8.500
PAI $ 277.70
CLTV 68.085
MATURITY 180102
FEE 0.5000
LOAN 0000022043285
LAST_NAME CARTER
ADDRESS 1617 RIVERSIDE AVE
CITY JACKSONVILL
STATE FL
ZIP 322040000
MORT $ 61,125.00
BAL $ 60,904.29
RATE 8.620
PAI $ 475.21
CLTV 75.000
MATURITY 280218
FEE 0.5000
LOAN 0000022043293
LAST_NAME STRANGE
ADDRESS 13549 YAGER DR
CITY STRONGSVILL
STATE OH
ZIP 441360000
MORT $149,600.00
BAL $ 149,422.54
RATE 8.620
PAI $ 1,163.04
CLTV 80.000
MATURITY 280214
FEE 0.5000
LOAN 0000022043301
LAST_NAME BRILEY
ADDRESS 794 CORBETT STREET
CITY WINTERVILLE
STATE NC
ZIP 285900000
MORT $ 90,000.00
BAL $ 89,692.22
RATE 7.990
PAI $ 752.24
CLTV 80.000
MATURITY 180301
FEE 0.5000
LOAN 0000022043319
LAST_NAME REID
ADDRESS 300 S 2ND ST
CITY PENSACOLA
STATE FL
ZIP 325070000
MORT $ 29,100.00
BAL $ 28,858.71
RATE 8.300
PAI $ 248.87
CLTV 69.285
MATURITY 171113
FEE 0.5000
LOAN 0000022043327
LAST_NAME DAVIS
ADDRESS 122 BILLY COVINGTON ROAD
CITY ROCKINGHAM
STATE NC
ZIP 283790000
MORT $ 48,000.00
BAL $ 47,902.55
RATE 7.990
PAI $ 351.87
CLTV 54.545
MATURITY 280218
FEE 0.5000
LOAN 0000022043335
LAST_NAME WARD
ADDRESS 8771/2N ROYAL ST
CITY JACKSON
STATE TN
ZIP 383010000
MORT $ 29,750.00
BAL $ 29,510.23
RATE 8.900
PAI $ 299.98
CLTV 85.000
MATURITY 130204
FEE 0.5000
LOAN 0000022043343
LAST_NAME SMITH
ADDRESS 1565 SW HUTCHINS ST
CITY PORT ST LUC
STATE FL
ZIP 349830000
MORT $ 71,500.00
BAL $ 71,224.51
RATE 8.300
PAI $ 539.67
CLTV 78.571
MATURITY 271102
FEE 0.5000
LOAN 0000022043350
LAST_NAME DAVIS
ADDRESS 15520 ROWLETT ROAD
CITY CHESTERFIEL
STATE VA
ZIP 238320000
MORT $ 84,000.00
BAL $ 83,794.27
RATE 8.500
PAI $ 645.89
CLTV 80.000
MATURITY 271223
FEE 0.5000
LOAN 0000022043368
LAST_NAME HUSKEY
ADDRESS 2415 BIG RIVER OVERLOOK D
CITY SEVIERVILLE
STATE TN
ZIP 378760000
MORT $ 58,650.00
BAL $ 58,269.26
RATE 10.240
PAI $ 575.34
CLTV 85.000
MATURITY 171117
FEE 0.5000
LOAN 0000022043376
LAST_NAME CROSBY
ADDRESS 3710 BALLEJO CT
CITY JACKSONVILL
STATE FL
ZIP 322160000
MORT $ 52,000.00
BAL $ 51,492.78
RATE 8.500
PAI $ 451.27
CLTV 77.611
MATURITY 171028
FEE 0.5000
LOAN 0000022043384
LAST_NAME SHOLES
ADDRESS 609 BUTLER AVENUE
CITY WINCHESTER
STATE VA
ZIP 226010000
MORT $ 65,600.00
BAL $ 65,344.81
RATE 8.500
PAI $ 504.41
CLTV 80.000
MATURITY 271102
FEE 0.5000
LOAN 0000022043392
LAST_NAME JOHNSON
ADDRESS 3526 29TH AVE SOUTH
CITY ST PETERSBU
STATE FL
ZIP 337110000
MORT $ 23,000.00
BAL $ 22,311.76
RATE 9.990
PAI $ 303.82
CLTV 46.938
MATURITY 71125
FEE 0.5000
LOAN 0000022043400
LAST_NAME SUKHRAM
ADDRESS 914 LINCOLN CT
CITY ORLANDO
STATE FL
ZIP 328080000
MORT $ 42,400.00
BAL $ 41,959.89
RATE 8.990
PAI $ 536.88
CLTV 73.103
MATURITY 80225
FEE 0.5000
LOAN 0000022043418
LAST_NAME JONES
ADDRESS 5471 E 65TH AVE
CITY COMMERCE CI
STATE CO
ZIP 800220000
MORT $ 72,000.00
BAL $ 71,853.80
RATE 7.990
PAI $ 527.81
CLTV 80.000
MATURITY 280221
FEE 0.5000
LOAN 0000022043426
LAST_NAME HALL
ADDRESS 2913 OLD STAGECOACH ROAD
CITY ASHEBORO
STATE NC
ZIP 270200000
MORT $ 43,750.00
BAL $ 42,388.21
RATE 8.650
PAI $ 434.68
CLTV 60.763
MATURITY 120617
FEE 0.5000
LOAN 0000022043434
LAST_NAME CHOATE
ADDRESS 3530 W 95TH AVE
CITY WESTMINSTER
STATE CO
ZIP 800300000
MORT $ 97,360.00
BAL $ 97,172.08
RATE 8.240
PAI $ 730.75
CLTV 80.000
MATURITY 280218
FEE 0.5000
LOAN 0000022043442
LAST_NAME SLEET
ADDRESS 285 HAYES LANE
CITY DANVILLE
STATE KY
ZIP 404220000
MORT $ 68,800.00
BAL $ 68,228.23
RATE 8.490
PAI $ 528.53
CLTV 70.204
MATURITY 270402
FEE 0.5000
LOAN 0000022043459
LAST_NAME SPARKS
ADDRESS 4349 BLUEFAX DR
CITY PUEBLO
STATE CO
ZIP 810010000
MORT $ 91,000.00
BAL $ 90,837.48
RATE 8.620
PAI $ 707.47
CLTV 75.206
MATURITY 280219
FEE 0.5000
LOAN 0000022043467
LAST_NAME BUCHANAN
ADDRESS 628 CIRCLE DRIVE
CITY BLUFF CITY
STATE TN
ZIP 376180000
MORT $ 48,375.00
BAL $ 45,646.01
RATE 8.300
PAI $ 507.88
CLTV 75.000
MATURITY 100212
FEE 0.5000
Page 56
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022043475
LAST_NAME ROGERS
ADDRESS 2697 S KLINE CIRCLE
CITY LAKEWOOD
STATE CO
ZIP 802270000
MORT $176,000.00
BAL $ 175,664.43
RATE 8.300
PAI $ 1,328.42
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000022043483
LAST_NAME REEVES
ADDRESS 3946 W LAKE OAKDALE DRIVE
CITY FLORENCE
STATE SC
ZIP 295010000
MORT $ 70,000.00
BAL $ 67,374.91
RATE 8.500
PAI $ 689.32
CLTV 63.636
MATURITY 120402
FEE 0.5000
LOAN 0000022043491
LAST_NAME GARANT
ADDRESS 417 SCARLET SAGE
CITY PORT CHARLO
STATE FL
ZIP 339500000
MORT $ 89,700.00
BAL $ 88,843.12
RATE 8.500
PAI $ 689.72
CLTV 66.444
MATURITY 270221
FEE 0.5000
LOAN 0000022043509
LAST_NAME HOLLISTER
ADDRESS 2785 EDENDERRY STREET
CITY TALLAHASSEE
STATE FL
ZIP 323080000
MORT $188,000.00
BAL $ 186,244.60
RATE 8.250
PAI $ 1,412.38
CLTV 80.000
MATURITY 270225
FEE 0.5000
LOAN 0000022043517
LAST_NAME MALINSKY
ADDRESS 7135 WISTERIA WAY
CITY TAMARAC
STATE FL
ZIP 333210000
MORT $ 80,000.00
BAL $ 76,689.04
RATE 8.250
PAI $ 776.11
CLTV 80.000
MATURITY 120226
FEE 0.5000
LOAN 0000022043525
LAST_NAME ENRIQUEZ
ADDRESS 5600 W OAKLAWN STREET
CITY HOMOSASSA
STATE FL
ZIP 344460000
MORT $ 10,000.00
BAL $ 7,881.91
RATE 8.500
PAI $ 205.16
CLTV 15.873
MATURITY 20228
FEE 0.5000
LOAN 0000022043533
LAST_NAME KELSON
ADDRESS 796 W POTOMAC DRIVE
CITY MURRAY
STATE UT
ZIP 841230000
MORT $133,600.00
BAL $ 129,718.96
RATE 8.400
PAI $ 1,150.97
CLTV 80.000
MATURITY 170318
FEE 0.5000
LOAN 0000022043541
LAST_NAME HAGER
ADDRESS 3003 NW 62ND AVENUE
CITY GAINESVILLE
STATE FL
ZIP 326530000
MORT $ 64,000.00
BAL $ 62,598.42
RATE 8.400
PAI $ 551.36
CLTV 80.000
MATURITY 170402
FEE 0.5000
LOAN 0000022043558
LAST_NAME KALOUSDIAN
ADDRESS 816 KIRKCALDY WAY
CITY VALRICO
STATE FL
ZIP 335940000
MORT $ 52,300.00
BAL $ 51,154.55
RATE 8.400
PAI $ 450.57
CLTV 76.911
MATURITY 170402
FEE 0.5000
LOAN 0000022043566
LAST_NAME BAXLEY
ADDRESS 8904 S TURKEY CREEK DRIVE
CITY PLANT CITY
STATE FL
ZIP 335670000
MORT $ 47,545.00
BAL $ 44,096.26
RATE 9.750
PAI $ 503.67
CLTV 76.685
MATURITY 120402
FEE 0.5000
LOAN 0000022043574
LAST_NAME MAYSONET
ADDRESS 318 ALEXANDER AVENUE
CITY DELTONA
STATE FL
ZIP 327250000
MORT $ 70,400.00
BAL $ 69,959.61
RATE 8.500
PAI $ 541.32
CLTV 80.000
MATURITY 270702
FEE 0.5000
LOAN 0000022043582
LAST_NAME PAINTER
ADDRESS 1632 S ACADIAN DRIVE
CITY DELTONA
STATE FL
ZIP 327250000
MORT $110,400.00
BAL $ 109,681.11
RATE 8.300
PAI $ 833.28
CLTV 80.000
MATURITY 270716
FEE 0.5000
LOAN 0000022043640
LAST_NAME KENNEDY
ADDRESS 17 HOLDEN ROAD
CITY BRAINTREE
STATE MA
ZIP 021840000
MORT $ 56,800.00
BAL $ 56,800.00
RATE 10.990
PAI $ 585.90
CLTV 66.456
MATURITY 180420
FEE 0.5000
LOAN 0000022043673
LAST_NAME GROSS
ADDRESS 7622 OXMAN ROAD
CITY LANDOVER
STATE MD
ZIP 207850000
MORT $ 52,000.00
BAL $ 51,931.43
RATE 9.990
PAI $ 501.47
CLTV 77.037
MATURITY 180330
FEE 0.5000
LOAN 0000022043681
LAST_NAME CARTER
ADDRESS 462 WEST MAIN STREET
CITY FRANKLINVIL
STATE NC
ZIP 272480000
MORT $ 18,200.00
BAL $ 18,159.41
RATE 10.850
PAI $ 205.15
CLTV 66.731
MATURITY 130420
FEE 0.5000
LOAN 0000022043723
LAST_NAME JONES
ADDRESS 12 CARRIAGE STOP ROAD
CITY E. FALMOUTH
STATE MA
ZIP 025360000
MORT $ 18,400.00
BAL $ 18,368.51
RATE 10.990
PAI $ 189.80
CLTV 84.934
MATURITY 180416
FEE 0.5000
LOAN 0000022043780
LAST_NAME BAGGATTA
ADDRESS 100 WAWAYANDA AVENUE
CITY MIDDLETOWN
STATE NY
ZIP 109400000
MORT $ 41,900.00
BAL $ 41,683.36
RATE 8.990
PAI $ 530.54
CLTV 58.194
MATURITY 80416
FEE 0.5000
LOAN 0000022043798
LAST_NAME RUDE
ADDRESS 6247 N TEMPLE AVE
CITY INDIANAPOLI
STATE IN
ZIP 462200000
MORT $ 53,000.00
BAL $ 52,938.78
RATE 8.750
PAI $ 416.96
CLTV 67.515
MATURITY 280406
FEE 0.5000
LOAN 0000022043806
LAST_NAME APONTE
ADDRESS 119 CLIFFORD STREET
CITY BRIDGEPORT
STATE CT
ZIP 066070000
MORT $ 48,800.00
BAL $ 48,722.17
RATE 8.500
PAI $ 423.50
CLTV 80.000
MATURITY 180406
FEE 0.5000
LOAN 0000022043822
LAST_NAME CORCORAN
ADDRESS 918 MERCER STREET
CITY GLOUCESTER
STATE NJ
ZIP 080300000
MORT $ 71,700.00
BAL $ 71,599.29
RATE 9.500
PAI $ 668.34
CLTV 84.352
MATURITY 180416
FEE 0.5000
LOAN 0000022043848
LAST_NAME GRANT
ADDRESS 1047 E 68TH ST
CITY CLEVELAND
STATE OH
ZIP 441030000
MORT $ 52,800.00
BAL $ 52,703.35
RATE 8.500
PAI $ 405.99
CLTV 80.000
MATURITY 280221
FEE 0.5000
LOAN 0000022043863
LAST_NAME BURNETTE
ADDRESS 47 SUNSHINE HILL RD
CITY CANTON
STATE NC
ZIP 287160000
MORT $ 43,200.00
BAL $ 43,200.00
RATE 10.000
PAI $ 464.23
CLTV 80.000
MATURITY 130420
FEE 0.5000
LOAN 0000022043889
LAST_NAME BROWN
ADDRESS 5925 SEASIDE DRIVE
CITY NEW PORT RI
STATE FL
ZIP 346520000
MORT $ 95,000.00
BAL $ 94,807.12
RATE 7.990
PAI $ 696.41
CLTV 47.500
MATURITY 280228
FEE 0.5000
LOAN 0000022043897
LAST_NAME CARROLL
ADDRESS 212 OAK LANE
CITY TABERNACLE
STATE NJ
ZIP 080880000
MORT $105,000.00
BAL $ 105,000.00
RATE 8.500
PAI $ 1,301.85
CLTV 66.455
MATURITY 80416
FEE 0.5000
LOAN 0000022043905
LAST_NAME SANCHEZ
ADDRESS 1629 E HOEFGEN
CITY INDIANAPOLI
STATE IN
ZIP 462030000
MORT $ 37,500.00
BAL $ 37,436.72
RATE 8.050
PAI $ 314.84
CLTV 55.147
MATURITY 180420
FEE 0.5000
LOAN 0000022043939
LAST_NAME MIDDLEBROOKS
ADDRESS 3578 HARBOR BLVD
CITY PORT CHARLO
STATE FL
ZIP 339520000
MORT $ 67,500.00
BAL $ 67,239.90
RATE 8.300
PAI $ 509.48
CLTV 78.488
MATURITY 271113
FEE 0.5000
LOAN 0000022043954
LAST_NAME GREEN
ADDRESS 640 E 400 N
CITY JASPER
STATE IN
ZIP 475460000
MORT $ 20,000.00
BAL $ 19,875.83
RATE 10.550
PAI $ 270.44
CLTV 61.891
MATURITY 80413
FEE 0.5000
LOAN 0000022043970
LAST_NAME FISCHL
ADDRESS 17 HENRIETTA DRIVE
CITY FAIRFIELD
STATE NJ
ZIP 070040000
MORT $ 65,300.00
BAL $ 65,224.47
RATE 10.990
PAI $ 673.57
CLTV 84.858
MATURITY 180415
FEE 0.5000
LOAN 0000022044010
LAST_NAME NEESE
ADDRESS 1145 BEECHDALE ROAD
CITY MONTGOMERY
STATE AL
ZIP 361090000
MORT $ 37,500.00
BAL $ 37,370.00
RATE 11.840
PAI $ 446.21
CLTV 66.371
MATURITY 130406
FEE 0.5000
LOAN 0000022044028
LAST_NAME ANDERSON
ADDRESS 237 ANDERSON LN
CITY MILLERS CRE
STATE NC
ZIP 286510000
MORT $ 31,450.00
BAL $ 31,404.44
RATE 10.090
PAI $ 305.38
CLTV 85.000
MATURITY 180413
FEE 0.5000
LOAN 0000022044044
LAST_NAME BENSON
ADDRESS 17515 THROCKLEY AVE
CITY CLEVELAND
STATE OH
ZIP 441280000
MORT $ 40,000.00
BAL $ 39,976.20
RATE 8.590
PAI $ 310.13
CLTV 54.054
MATURITY 280413
FEE 0.5000
LOAN 0000022044069
LAST_NAME SPRAGUE
ADDRESS 1117 BRADENTON ROAD
CITY DAYTONA BEA
STATE FL
ZIP 321140000
MORT $ 48,800.00
BAL $ 47,961.71
RATE 8.300
PAI $ 474.85
CLTV 79.349
MATURITY 121121
FEE 0.5000
LOAN 0000022044085
LAST_NAME GREEN
ADDRESS 804 N ANOKA AVENUE
CITY AVON PARK
STATE FL
ZIP 338250000
MORT $ 28,500.00
BAL $ 28,010.43
RATE 8.300
PAI $ 277.32
CLTV 66.279
MATURITY 121103
FEE 0.5000
LOAN 0000022044101
LAST_NAME CASSIDY
ADDRESS 887 KINGSBRIDGE DRIVE
CITY OVIEDO
STATE FL
ZIP 327650000
MORT $ 46,000.00
BAL $ 45,822.77
RATE 8.300
PAI $ 347.20
CLTV 28.750
MATURITY 271102
FEE 0.5000
LOAN 0000022044119
LAST_NAME GREEN
ADDRESS 5514 S HARVEY HIGHTS DRIV
CITY SALT LAKE C
STATE UT
ZIP 841180000
MORT $ 40,400.00
BAL $ 40,213.00
RATE 10.990
PAI $ 556.28
CLTV 83.713
MATURITY 80413
FEE 0.5000
LOAN 0000022044127
LAST_NAME SMALL
ADDRESS 45 GRISSOM DRIVE
CITY CLIFTON PAR
STATE NY
ZIP 120650000
MORT $ 66,400.00
BAL $ 66,400.00
RATE 8.990
PAI $ 596.99
CLTV 66.400
MATURITY 180414
FEE 0.5000
LOAN 0000022044143
LAST_NAME GROOMS
ADDRESS 2055 RUFF ROAD
CITY SANFORD
STATE FL
ZIP 327710000
MORT $ 43,200.00
BAL $ 41,782.43
RATE 8.300
PAI $ 531.01
CLTV 80.000
MATURITY 71102
FEE 0.5000
LOAN 0000022044150
LAST_NAME HURLEY
ADDRESS 621 NE ASH STREET
CITY PORT ST LUC
STATE FL
ZIP 349520000
MORT $ 43,000.00
BAL $ 42,436.41
RATE 8.300
PAI $ 324.56
CLTV 77.477
MATURITY 271020
FEE 0.5000
LOAN 0000022044168
LAST_NAME FREE
ADDRESS 9435 CALLIS MILL ROAD
CITY LULA
STATE GA
ZIP 305540000
MORT $ 47,500.00
BAL $ 47,393.07
RATE 10.750
PAI $ 532.45
CLTV 66.901
MATURITY 130327
FEE 0.5000
LOAN 0000022044176
LAST_NAME MCNALLY
ADDRESS 1704 NW 12TH RD
CITY GAINESVILLE
STATE FL
ZIP 326050000
MORT $108,800.00
BAL $ 107,873.53
RATE 8.300
PAI $ 821.21
CLTV 80.000
MATURITY 271202
FEE 0.5000
LOAN 0000022044184
LAST_NAME BROCK
ADDRESS 250 ANGELES ROAD
CITY DEBARY
STATE FL
ZIP 327130000
MORT $ 52,000.00
BAL $ 51,107.68
RATE 8.300
PAI $ 392.49
CLTV 47.272
MATURITY 271112
FEE 0.5000
Page 57
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022044192
LAST_NAME KOVACS
ADDRESS 1384 PROGRESS AVENUE
CITY LINCOLN PAR
STATE MI
ZIP 481460000
MORT $ 51,900.00
BAL $ 51,756.54
RATE 8.500
PAI $ 511.08
CLTV 61.785
MATURITY 130415
FEE 0.5000
LOAN 0000022044226
LAST_NAME SAMMONS
ADDRESS BOX 790
CITY JEREMIAH
STATE KY
ZIP 418260000
MORT $ 48,000.00
BAL $ 47,783.45
RATE 8.300
PAI $ 362.30
CLTV 80.000
MATURITY 271015
FEE 0.5000
LOAN 0000022044259
LAST_NAME GREGORY
ADDRESS 1268 W 1200 N
CITY SALT LAKE C
STATE UT
ZIP 841160000
MORT $ 78,000.00
BAL $ 75,111.82
RATE 8.650
PAI $ 774.97
CLTV 77.227
MATURITY 120402
FEE 0.5000
LOAN 0000022044267
LAST_NAME PARRIS
ADDRESS 150-19 125TH AVENUE
CITY SOUTH OZONE
STATE NY
ZIP 114340000
MORT $ 81,000.00
BAL $ 80,862.48
RATE 8.000
PAI $ 677.52
CLTV 52.941
MATURITY 180401
FEE 0.5000
LOAN 0000022044283
LAST_NAME BOWDISH
ADDRESS 20 WHITEHEAD STREET
CITY SELKIRK
STATE NY
ZIP 121580000
MORT $ 93,500.00
BAL $ 93,405.36
RATE 11.990
PAI $ 1,028.86
CLTV 85.000
MATURITY 180417
FEE 0.5000
LOAN 0000022044291
LAST_NAME CASPER
ADDRESS 628 E PALI ST
CITY SANDY
STATE UT
ZIP 840700000
MORT $104,800.00
BAL $ 104,464.68
RATE 8.300
PAI $ 791.01
CLTV 80.000
MATURITY 271215
FEE 0.5000
LOAN 0000022044309
LAST_NAME KINDER
ADDRESS 261 MARGATE DRIVE
CITY GLEN BURNIE
STATE MD
ZIP 210600000
MORT $ 72,250.00
BAL $ 72,037.03
RATE 9.750
PAI $ 620.74
CLTV 85.000
MATURITY 130409
FEE 0.5000
LOAN 0000022044333
LAST_NAME HILTON
ADDRESS 1257 DELAFIELD PLACE NE
CITY WASHINGTON
STATE DC
ZIP 200170000
MORT $ 52,600.00
BAL $ 52,333.27
RATE 9.500
PAI $ 549.26
CLTV 42.080
MATURITY 130330
FEE 0.5000
LOAN 0000022044358
LAST_NAME PHALON
ADDRESS 14634 66TH COURT
CITY OAK FOREST
STATE IL
ZIP 604520000
MORT $138,000.00
BAL $ 137,733.85
RATE 8.990
PAI $ 1,240.73
CLTV 75.000
MATURITY 180330
FEE 0.5000
LOAN 0000022044382
LAST_NAME MEDINA
ADDRESS 632 TRUMAN
CITY GRANTS
STATE NM
ZIP 870200000
MORT $ 36,000.00
BAL $ 35,917.44
RATE 10.550
PAI $ 399.06
CLTV 64.285
MATURITY 130407
FEE 0.5000
LOAN 0000022044432
LAST_NAME JUDGE
ADDRESS 134 CIRCLE DRIVE
CITY MILLINGTON
STATE NJ
ZIP 079460000
MORT $232,000.00
BAL $ 231,885.88
RATE 9.500
PAI $ 1,950.79
CLTV 78.911
MATURITY 280410
FEE 0.5000
LOAN 0000022044440
LAST_NAME MC LAIN
ADDRESS 20 PAULETTE LANE
CITY WAPPINGERS
STATE NY
ZIP 125900000
MORT $ 50,900.00
BAL $ 50,866.16
RATE 10.990
PAI $ 484.35
CLTV 84.992
MATURITY 130414
FEE 0.5000
LOAN 0000022044457
LAST_NAME OROZCO
ADDRESS 499 SHEPHERD AVENUE
CITY BROOKLYN
STATE NY
ZIP 112080000
MORT $108,000.00
BAL $ 107,934.57
RATE 8.500
PAI $ 830.43
CLTV 61.714
MATURITY 280401
FEE 0.5000
LOAN 0000022044465
LAST_NAME MAPLE
ADDRESS 130 CHERRY VALLEY AVE
CITY GARDEN CITY
STATE NY
ZIP 115300000
MORT $300,000.00
BAL $ 299,867.29
RATE 10.000
PAI $ 2,632.71
CLTV 42.424
MATURITY 130408
FEE 0.5000
LOAN 0000022044523
LAST_NAME YOUNG
ADDRESS ROUTE 38 RD1 BOX 96
CITY STERLING
STATE NY
ZIP 131560000
MORT $ 29,000.00
BAL $ 28,858.35
RATE 9.990
PAI $ 383.08
CLTV 72.470
MATURITY 80409
FEE 0.5000
LOAN 0000022044531
LAST_NAME MAPLE
ADDRESS 130 CHERRY VALLEY AVE
CITY GARDEN CITY
STATE NY
ZIP 115300000
MORT $400,000.00
BAL $ 399,823.04
RATE 10.000
PAI $ 3,510.29
CLTV 24.242
MATURITY 130408
FEE 0.5000
LOAN 0000022044606
LAST_NAME WATSON
ADDRESS 15 GINGER PLUM LANE
CITY SOUTH YARMO
STATE MA
ZIP 026640000
MORT $ 50,000.00
BAL $ 49,929.76
RATE 9.500
PAI $ 466.07
CLTV 37.037
MATURITY 180402
FEE 0.5000
LOAN 0000022044622
LAST_NAME STRIPLING
ADDRESS 6728 CHAMPLAIN ROAD
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $ 30,300.00
BAL $ 30,300.00
RATE 10.990
PAI $ 344.20
CLTV 52.984
MATURITY 130406
FEE 0.5000
LOAN 0000022044648
LAST_NAME HARDER
ADDRESS 9160 OLD STATE ROAD
CITY CHARDON
STATE OH
ZIP 440240000
MORT $171,900.00
BAL $ 171,900.00
RATE 9.250
PAI $ 1,414.18
CLTV 90.000
MATURITY 130518
FEE 0.5000
LOAN 0000022044655
LAST_NAME LYONS
ADDRESS 98 ELMIRA STREET S.W.
CITY WASHINGTON
STATE DC
ZIP 200320000
MORT $ 84,000.00
BAL $ 83,978.50
RATE 12.500
PAI $ 896.50
CLTV 89.361
MATURITY 130406
FEE 0.5000
LOAN 0000022044689
LAST_NAME ROGERS
ADDRESS 50 CLEAR LAKE MANOR ROAD
CITY NORTH BRANF
STATE CT
ZIP 064710000
MORT $ 96,800.00
BAL $ 96,642.68
RATE 8.350
PAI $ 830.89
CLTV 80.000
MATURITY 180414
FEE 0.5000
LOAN 0000022044697
LAST_NAME DALTON
ADDRESS 120 MARION AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103040000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 10.750
PAI $ 504.43
CLTV 32.200
MATURITY 130413
FEE 0.5000
LOAN 0000022044705
LAST_NAME FICKERT
ADDRESS 283 MOORE MILLER ROAD
CITY HOLLANSBURG
STATE OH
ZIP 453320000
MORT $ 77,350.00
BAL $ 77,350.00
RATE 8.700
PAI $ 605.76
CLTV 85.000
MATURITY 130519
FEE 0.5000
LOAN 0000022044721
LAST_NAME BORDEN
ADDRESS 43 BEALS STREET
CITY BROOKLINE
STATE MA
ZIP 021460000
MORT $107,500.00
BAL $ 107,195.89
RATE 9.500
PAI $ 1,002.04
CLTV 67.900
MATURITY 180320
FEE 0.5000
LOAN 0000022044754
LAST_NAME SMITH
ADDRESS 4920 WHITFIELD CHAPEL ROA
CITY LANHAM
STATE MD
ZIP 207060000
MORT $ 77,000.00
BAL $ 76,909.02
RATE 8.640
PAI $ 599.72
CLTV 70.000
MATURITY 280403
FEE 0.5000
LOAN 0000022044762
LAST_NAME TINER
ADDRESS 508 BRITTON STREET
CITY CHICOPEE
STATE MA
ZIP 010200000
MORT $ 80,700.00
BAL $ 80,660.31
RATE 9.500
PAI $ 678.57
CLTV 84.947
MATURITY 280408
FEE 0.5000
LOAN 0000022044770
LAST_NAME MELNYCHENKO
ADDRESS 24801 HARRISON STREET
CITY HARRISON TO
STATE MI
ZIP 480450000
MORT $ 11,500.00
BAL $ 11,443.38
RATE 9.850
PAI $ 151.02
CLTV 68.138
MATURITY 80416
FEE 0.5000
LOAN 0000022044796
LAST_NAME DEWEY
ADDRESS 8292 SWALLOW PATH
CITY LIVERPOOL
STATE NY
ZIP 130900000
MORT $ 50,200.00
BAL $ 50,067.22
RATE 8.990
PAI $ 508.86
CLTV 54.565
MATURITY 130415
FEE 0.5000
LOAN 0000022044804
LAST_NAME REYNOSO
ADDRESS 37 COOLIDGE PLACE
CITY HACKENSACK
STATE NJ
ZIP 076010000
MORT $161,000.00
BAL $ 160,787.71
RATE 9.990
PAI $ 1,552.62
CLTV 84.736
MATURITY 180401
FEE 0.5000
LOAN 0000022044812
LAST_NAME BLANCHARD
ADDRESS 4628 STATE HIGHWAY 29
CITY JOHNSTOWN
STATE NY
ZIP 120950000
MORT $ 36,800.00
BAL $ 36,668.33
RATE 8.750
PAI $ 367.80
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000022044820
LAST_NAME FOWLER
ADDRESS 605 Q STREET N.W.
CITY WASHINGTON
STATE DC
ZIP 200010000
MORT $ 77,000.00
BAL $ 76,953.84
RATE 8.550
PAI $ 594.79
CLTV 60.156
MATURITY 130403
FEE 0.5000
LOAN 0000022044846
LAST_NAME SHOAFF
ADDRESS 1013 TOREVA PLACE
CITY FLAGSTAFF
STATE AZ
ZIP 860010000
MORT $ 23,800.00
BAL $ 23,742.53
RATE 9.990
PAI $ 255.61
CLTV 68.225
MATURITY 130416
FEE 0.5000
LOAN 0000022044853
LAST_NAME BRUNETTO
ADDRESS 13421 AUTUMN RIDGE LANE
CITY SILVER SPRI
STATE MD
ZIP 209060000
MORT $ 28,100.00
BAL $ 28,100.00
RATE 9.990
PAI $ 270.98
CLTV 84.990
MATURITY 180409
FEE 0.5000
LOAN 0000022044861
LAST_NAME BEARD
ADDRESS 2305 DAWSON STREET
CITY HILLCREST H
STATE MD
ZIP 207480000
MORT $144,000.00
BAL $ 143,778.56
RATE 8.800
PAI $ 1,277.14
CLTV 90.000
MATURITY 180415
FEE 0.5000
LOAN 0000022044879
LAST_NAME KNIGHTS
ADDRESS 319 SULLIVAN STREET
CITY ELMIRA
STATE NY
ZIP 149010000
MORT $ 38,200.00
BAL $ 38,048.42
RATE 9.990
PAI $ 368.39
CLTV 73.461
MATURITY 180330
FEE 0.5000
LOAN 0000022044986
LAST_NAME O'FLAHERTY
ADDRESS 178 DRAKE LANE
CITY ROXURY TOWN
STATE NJ
ZIP 078520000
MORT $ 92,000.00
BAL $ 91,853.27
RATE 8.500
PAI $ 798.40
CLTV 78.632
MATURITY 180413
FEE 0.5000
LOAN 0000022045033
LAST_NAME WOODY
ADDRESS 7650 S ST. LAWRENCE AVENU
CITY CHICAGO
STATE IL
ZIP 606190000
MORT $102,000.00
BAL $ 101,953.41
RATE 9.850
PAI $ 883.84
CLTV 85.000
MATURITY 130408
FEE 0.5000
LOAN 0000022045041
LAST_NAME POGE
ADDRESS 522 KENYON STREET NW
CITY WASHINGTON
STATE DC
ZIP 200100000
MORT $ 33,000.00
BAL $ 32,892.59
RATE 9.900
PAI $ 287.16
CLTV 40.740
MATURITY 130330
FEE 0.5000
LOAN 0000022045058
LAST_NAME BUSHEY
ADDRESS 274 NORTH MAIN STREET
CITY LANESBORO
STATE MA
ZIP 012370000
MORT $108,000.00
BAL $ 107,838.09
RATE 8.990
PAI $ 971.01
CLTV 80.000
MATURITY 180413
FEE 0.5000
LOAN 0000022045082
LAST_NAME CONNELLY
ADDRESS 183 WILBUR STREET
CITY UTICA
STATE NY
ZIP 135020000
MORT $ 42,100.00
BAL $ 41,988.64
RATE 8.990
PAI $ 426.76
CLTV 49.822
MATURITY 130407
FEE 0.5000
LOAN 0000022045108
LAST_NAME FRANKLIN
ADDRESS 213 THIRD AVENUE
CITY JOLIET
STATE IL
ZIP 604330000
MORT $ 53,250.00
BAL $ 53,104.55
RATE 9.750
PAI $ 505.09
CLTV 79.477
MATURITY 180327
FEE 0.5000
Page 58
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022045116
LAST_NAME IMANISHI-KAR
ADDRESS 61 WALNUT STREET
CITY SOMERVILLE
STATE MA
ZIP 021430000
MORT $ 39,400.00
BAL $ 39,313.27
RATE 10.990
PAI $ 447.57
CLTV 71.986
MATURITY 130327
FEE 0.5000
LOAN 0000022045157
LAST_NAME PEDRONCELLI
ADDRESS 1926 DE BACA CIRCLE
CITY ALBUQUERQUE
STATE NM
ZIP 871050000
MORT $ 68,800.00
BAL $ 68,800.00
RATE 8.990
PAI $ 576.90
CLTV 80.000
MATURITY 230420
FEE 0.5000
LOAN 0000022045207
LAST_NAME LEWIS
ADDRESS 10524 ELK AVENUE
CITY CLEVELAND
STATE OH
ZIP 441080000
MORT $ 65,200.00
BAL $ 65,200.00
RATE 8.150
PAI $ 485.25
CLTV 76.705
MATURITY 130526
FEE 0.5000
LOAN 0000022045249
LAST_NAME POLON
ADDRESS 51 SHERMAN AVENUE
CITY PISCATAWAY
STATE NJ
ZIP 088540000
MORT $ 96,000.00
BAL $ 95,754.19
RATE 10.250
PAI $ 942.38
CLTV 83.478
MATURITY 180330
FEE 0.5000
LOAN 0000022045280
LAST_NAME SCALLAN
ADDRESS 607 OUTER DRIVE
CITY FRANKFORT
STATE IN
ZIP 460410000
MORT $ 50,800.00
BAL $ 50,721.49
RATE 8.750
PAI $ 448.93
CLTV 73.623
MATURITY 180413
FEE 0.5000
LOAN 0000022045322
LAST_NAME TAFFET
ADDRESS 37 BAY STREET
CITY BRONX
STATE NY
ZIP 104640000
MORT $ 50,000.00
BAL $ 49,908.96
RATE 12.990
PAI $ 632.29
CLTV 96.979
MATURITY 130330
FEE 0.5000
LOAN 0000022045363
LAST_NAME SCHROEDER
ADDRESS 15663 WILLIAMS STREET
CITY LIVONIA
STATE MI
ZIP 481540000
MORT $ 90,000.00
BAL $ 90,000.00
RATE 7.850
PAI $ 852.32
CLTV 50.420
MATURITY 130520
FEE 0.5000
LOAN 0000022045371
LAST_NAME FIELD
ADDRESS 350 C LOYOLA DRIVE
CITY ELGIN
STATE IL
ZIP 601230000
MORT $ 22,000.00
BAL $ 21,949.31
RATE 10.500
PAI $ 243.19
CLTV 66.747
MATURITY 130422
FEE 0.5000
LOAN 0000022045397
LAST_NAME HATFIELD
ADDRESS 4355 SPRINGFIELD-XENIA RD
CITY SPRINGFIELD
STATE OH
ZIP 455060000
MORT $100,000.00
BAL $ 99,775.95
RATE 7.500
PAI $ 699.22
CLTV 80.000
MATURITY 130227
FEE 0.5000
LOAN 0000022045405
LAST_NAME PISZCZOR
ADDRESS 168 WEST JACKSON STREET
CITY PAINESVILLE
STATE OH
ZIP 440770000
MORT $ 36,900.00
BAL $ 36,900.00
RATE 9.250
PAI $ 303.57
CLTV 90.000
MATURITY 280527
FEE 0.5000
LOAN 0000022045413
LAST_NAME HARVEY
ADDRESS 765 MOSS ROAD
CITY CLEVELAND
STATE NY
ZIP 130420000
MORT $ 63,200.00
BAL $ 63,105.25
RATE 8.990
PAI $ 568.22
CLTV 80.000
MATURITY 180327
FEE 0.5000
LOAN 0000022045421
LAST_NAME SCALES
ADDRESS 1905 BARLOWE PLACE
CITY HYATTSVILLE
STATE MD
ZIP 207850000
MORT $ 60,000.00
BAL $ 59,912.98
RATE 9.250
PAI $ 549.52
CLTV 80.000
MATURITY 180330
FEE 0.5000
LOAN 0000022045439
LAST_NAME SCHARSCH
ADDRESS 36373 HIGHWAY 44
CITY SHINGLETOWN
STATE CA
ZIP 960880000
MORT $ 78,625.00
BAL $ 78,581.60
RATE 8.950
PAI $ 629.81
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000022045447
LAST_NAME MITCHELL
ADDRESS 119 WASHINGTON STREET
CITY MT VERNON
STATE NY
ZIP 105500000
MORT $ 74,500.00
BAL $ 74,457.14
RATE 8.750
PAI $ 586.09
CLTV 50.680
MATURITY 130330
FEE 0.5000
LOAN 0000022045454
LAST_NAME MORANO
ADDRESS 13 N 340 HIGHWAY 47
CITY HAMPSHIRE
STATE IL
ZIP 601400000
MORT $110,400.00
BAL $ 110,234.49
RATE 8.990
PAI $ 992.59
CLTV 77.202
MATURITY 180327
FEE 0.5000
LOAN 0000022045470
LAST_NAME MONTGOMERY
ADDRESS 547 ADELAIDE STREET
CITY CARTHAGE
STATE NY
ZIP 136190000
MORT $ 48,000.00
BAL $ 47,873.04
RATE 8.990
PAI $ 486.56
CLTV 80.000
MATURITY 130417
FEE 0.5000
LOAN 0000022045488
LAST_NAME MURPHY
ADDRESS 2409 YARMOUTH LANE
CITY CROFTON
STATE MD
ZIP 211140000
MORT $115,600.00
BAL $ 115,554.06
RATE 10.500
PAI $ 1,057.44
CLTV 85.000
MATURITY 280409
FEE 0.5000
LOAN 0000022045504
LAST_NAME WILLIAMS
ADDRESS 215 THOMAS AVENUE
CITY FREDERICK
STATE MD
ZIP 217010000
MORT $ 62,000.00
BAL $ 61,969.44
RATE 9.490
PAI $ 520.88
CLTV 67.391
MATURITY 280416
FEE 0.5000
LOAN 0000022045512
LAST_NAME OLAH
ADDRESS 15705 SOUTH MIDWAY
CITY ALLEN PARK
STATE MI
ZIP 481010000
MORT $ 31,300.00
BAL $ 30,891.66
RATE 9.650
PAI $ 407.59
CLTV 16.737
MATURITY 80416
FEE 0.5000
LOAN 0000022045546
LAST_NAME GIBSON
ADDRESS 6602 G STREET
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $ 77,600.00
BAL $ 77,555.82
RATE 8.800
PAI $ 613.25
CLTV 80.000
MATURITY 130421
FEE 0.5000
LOAN 0000022045553
LAST_NAME HORROCKS
ADDRESS 1306 EAST STREET
CITY WOODRIDGE
STATE VA
ZIP 221910000
MORT $ 88,000.00
BAL $ 87,787.49
RATE 9.990
PAI $ 945.11
CLTV 80.000
MATURITY 130408
FEE 0.5000
LOAN 0000022045611
LAST_NAME STEGNER
ADDRESS 620 CHRISTYANN STREET
CITY MISHAWAKA
STATE IN
ZIP 465440000
MORT $ 42,400.00
BAL $ 42,331.09
RATE 8.350
PAI $ 363.94
CLTV 80.000
MATURITY 180407
FEE 0.5000
LOAN 0000022045629
LAST_NAME WALLACE
ADDRESS 2412 ST CLAIR DRIVE
CITY TEMPLE HILL
STATE MD
ZIP 207480000
MORT $ 87,000.00
BAL $ 86,961.44
RATE 9.990
PAI $ 762.84
CLTV 79.090
MATURITY 280424
FEE 0.5000
LOAN 0000022045637
LAST_NAME WALL
ADDRESS 35 MITCHELL PLACE
CITY LACKAWANNA
STATE NY
ZIP 142180000
MORT $ 58,700.00
BAL $ 58,700.00
RATE 8.500
PAI $ 509.41
CLTV 76.732
MATURITY 180403
FEE 0.5000
LOAN 0000022045694
LAST_NAME MASON
ADDRESS 12775 LAPLATA RD
CITY WALDORF
STATE MD
ZIP 206020000
MORT $ 55,000.00
BAL $ 54,697.68
RATE 7.900
PAI $ 664.40
CLTV 29.891
MATURITY 80407
FEE 0.5000
LOAN 0000022045710
LAST_NAME RUDISILL
ADDRESS 612 QUACKENBOS STREET NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $ 49,000.00
BAL $ 48,973.17
RATE 8.990
PAI $ 393.92
CLTV 32.666
MATURITY 280415
FEE 0.5000
LOAN 0000022045728
LAST_NAME EVERETTE
ADDRESS 1825 29TH STREET SE
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $ 44,500.00
BAL $ 44,475.64
RATE 8.990
PAI $ 357.74
CLTV 42.380
MATURITY 280410
FEE 0.5000
LOAN 0000022045744
LAST_NAME MACMILLAN
ADDRESS 4918 78TH AVENUE
CITY HYATTSVILLE
STATE MD
ZIP 207840000
MORT $ 73,600.00
BAL $ 73,562.24
RATE 9.300
PAI $ 608.16
CLTV 80.000
MATURITY 130327
FEE 0.5000
LOAN 0000022045751
LAST_NAME JACKSON
ADDRESS 2137 CLIFTWOOD AVENUE
CITY BALTIMORE
STATE MD
ZIP 212130000
MORT $ 37,400.00
BAL $ 37,400.00
RATE 9.990
PAI $ 360.68
CLTV 85.000
MATURITY 180411
FEE 0.5000
LOAN 0000022045769
LAST_NAME POWELL
ADDRESS 4705 PILGRIM ROAD
CITY BALTIMORE
STATE MD
ZIP 212140000
MORT $ 62,000.00
BAL $ 61,965.78
RATE 8.950
PAI $ 496.64
CLTV 80.000
MATURITY 130415
FEE 0.5000
LOAN 0000022045801
LAST_NAME NEMBHARD
ADDRESS 936 WHITE OAK DRIVE
CITY OXON HILL
STATE MD
ZIP 207450000
MORT $ 20,000.00
BAL $ 19,631.00
RATE 8.700
PAI $ 250.12
CLTV 15.384
MATURITY 80415
FEE 0.5000
LOAN 0000022045827
LAST_NAME GOLDEN
ADDRESS 3716 UTAH AVENUE
CITY BRENTWOOD
STATE MD
ZIP 207220000
MORT $ 88,000.00
BAL $ 87,772.76
RATE 8.250
PAI $ 661.12
CLTV 80.000
MATURITY 130410
FEE 0.5000
LOAN 0000022045850
LAST_NAME SANCHEZ
ADDRESS 2735 E JEROME AVENUE
CITY MESA
STATE AZ
ZIP 852040000
MORT $ 12,000.00
BAL $ 12,000.00
RATE 9.900
PAI $ 115.01
CLTV 77.533
MATURITY 180406
FEE 0.5000
LOAN 0000022045876
LAST_NAME WOOMER
ADDRESS 3518 BLENHEIM ROAD
CITY PHOENIX
STATE MD
ZIP 211310000
MORT $201,500.00
BAL $ 201,327.32
RATE 8.490
PAI $ 1,547.94
CLTV 85.562
MATURITY 130413
FEE 0.5000
LOAN 0000022045942
LAST_NAME ELSBERRY
ADDRESS 1311 WALLACH PLACE NW
CITY WASHINGTON
STATE DC
ZIP 200090000
MORT $ 51,800.00
BAL $ 51,776.19
RATE 9.850
PAI $ 448.86
CLTV 70.000
MATURITY 130417
FEE 0.5000
LOAN 0000022045959
LAST_NAME AKERS
ADDRESS 3912 HALSEY STREET
CITY KENSINGTON
STATE MD
ZIP 208950000
MORT $ 70,000.00
BAL $ 70,000.00
RATE 7.950
PAI $ 511.20
CLTV 49.469
MATURITY 280407
FEE 0.5000
LOAN 0000022045991
LAST_NAME BOLMER
ADDRESS 116 WASHINGTON STREET
CITY STEWARTSVIL
STATE NJ
ZIP 088860000
MORT $ 95,000.00
BAL $ 94,484.59
RATE 8.750
PAI $ 949.48
CLTV 67.857
MATURITY 130326
FEE 0.5000
LOAN 0000022046007
LAST_NAME MCKIE
ADDRESS 5807 LEETE ROAD
CITY LOCKPORT
STATE NY
ZIP 140940000
MORT $165,150.00
BAL $ 165,150.00
RATE 9.050
PAI $ 2,096.53
CLTV 90.000
MATURITY 80526
FEE 0.5000
LOAN 0000022046015
LAST_NAME YADON
ADDRESS 1224 SOUTH HARRISON
CITY DENVER
STATE CO
ZIP 802100000
MORT $128,000.00
BAL $ 128,000.00
RATE 7.850
PAI $ 925.87
CLTV 80.000
MATURITY 280522
FEE 0.5000
LOAN 0000022046031
LAST_NAME HAWKINS
ADDRESS 3406 23RD STREET SE
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $ 69,600.00
BAL $ 69,600.00
RATE 9.990
PAI $ 610.28
CLTV 80.000
MATURITY 130410
FEE 0.5000
LOAN 0000022046064
LAST_NAME DONALDSON
ADDRESS 1724 STURBRIDGE DRIVE
CITY SEWICKLEY
STATE PA
ZIP 151430000
MORT $450,000.00
BAL $ 450,000.00
RATE 8.900
PAI $ 3,588.48
CLTV 83.333
MATURITY 280528
FEE 0.5000
Page 59
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022046098
LAST_NAME DAU
ADDRESS 126 VANTROBA DRIVE
CITY GLENDALE HE
STATE IL
ZIP 601390000
MORT $ 25,900.00
BAL $ 25,834.59
RATE 9.500
PAI $ 270.45
CLTV 17.862
MATURITY 130414
FEE 0.5000
LOAN 0000022046106
LAST_NAME SINGLETON
ADDRESS RT 2, BOX 483
CITY KENTS STORE
STATE VA
ZIP 230840000
MORT $133,120.00
BAL $ 133,120.00
RATE 8.600
PAI $ 1,033.03
CLTV 80.000
MATURITY 280518
FEE 0.5000
LOAN 0000022046130
LAST_NAME BRINKLEY
ADDRESS 1824 S 16TH STREET
CITY SPRINGFIELD
STATE IL
ZIP 627030000
MORT $ 28,600.00
BAL $ 28,600.00
RATE 9.990
PAI $ 307.16
CLTV 86.666
MATURITY 130414
FEE 0.5000
LOAN 0000022046189
LAST_NAME MASTERS
ADDRESS 5 CHISHOLM TRAIL COURT
CITY SAINT CHARL
STATE MO
ZIP 633040000
MORT $ 92,000.00
BAL $ 92,000.00
RATE 8.990
PAI $ 739.59
CLTV 80.000
MATURITY 130501
FEE 0.5000
LOAN 0000022046221
LAST_NAME JONES
ADDRESS 8709 FOREST AVENUE
CITY CHARLACK
STATE MO
ZIP 631140000
MORT $ 48,400.00
BAL $ 48,400.00
RATE 11.250
PAI $ 483.15
CLTV 80.000
MATURITY 230501
FEE 0.5000
LOAN 0000022046304
LAST_NAME DILLARD
ADDRESS 3012 COLE CREEK ROAD
CITY ROCKY MOUNT
STATE VA
ZIP 241510000
MORT $ 65,600.00
BAL $ 65,600.00
RATE 11.490
PAI $ 699.13
CLTV 80.000
MATURITY 180520
FEE 0.5000
LOAN 0000022046346
LAST_NAME CHANCE
ADDRESS 6410 WEST TUNG AVENUE
CITY THEODORE
STATE AL
ZIP 365820000
MORT $ 55,000.00
BAL $ 55,000.00
RATE 8.700
PAI $ 687.82
CLTV 71.895
MATURITY 80515
FEE 0.5000
LOAN 0000022046379
LAST_NAME ELGIN
ADDRESS 7520 DREXEL
CITY UNIVERSITY
STATE MO
ZIP 631300000
MORT $ 42,250.00
BAL $ 42,250.00
RATE 10.600
PAI $ 401.94
CLTV 57.094
MATURITY 230501
FEE 0.5000
LOAN 0000022046395
LAST_NAME CARNES
ADDRESS 6430 RIDGE AVENUE
CITY SAINT RIDGE
STATE MO
ZIP 631330000
MORT $ 41,850.00
BAL $ 41,820.02
RATE 11.000
PAI $ 398.55
CLTV 90.000
MATURITY 130417
FEE 0.5000
LOAN 0000022046411
LAST_NAME PREE
ADDRESS 5346 NEOSHO STREET
CITY SAINT LOUIS
STATE MO
ZIP 631090000
MORT $ 56,000.00
BAL $ 56,000.00
RATE 10.190
PAI $ 745.95
CLTV 80.000
MATURITY 80501
FEE 0.5000
LOAN 0000022046510
LAST_NAME LOEFFELMAN
ADDRESS 8322 GARFIELD
CITY VINITA PARK
STATE MO
ZIP 631140000
MORT $ 19,100.00
BAL $ 19,052.42
RATE 9.650
PAI $ 201.18
CLTV 44.418
MATURITY 130501
FEE 0.5000
LOAN 0000022046619
LAST_NAME CLINTON
ADDRESS 8334 HATINA DRIVE
CITY BERKELEY
STATE MO
ZIP 631340000
MORT $ 38,500.00
BAL $ 38,500.00
RATE 8.990
PAI $ 487.50
CLTV 77.000
MATURITY 80501
FEE 0.5000
LOAN 0000022046627
LAST_NAME WILLIAMS
ADDRESS 319 SUNSET COURT
CITY MONROE
STATE OH
ZIP 450500000
MORT $ 77,500.00
BAL $ 77,500.00
RATE 8.990
PAI $ 696.79
CLTV 77.500
MATURITY 180501
FEE 0.5000
LOAN 0000022046668
LAST_NAME SHAW
ADDRESS 7041 S WABASH
CITY CHICAGO
STATE IL
ZIP 606370000
MORT $103,500.00
BAL $ 103,448.00
RATE 9.400
PAI $ 862.75
CLTV 79.007
MATURITY 130401
FEE 0.5000
LOAN 0000022046742
LAST_NAME HOYE
ADDRESS 5526 S OAKLEY
CITY CHICAGO
STATE IL
ZIP 606360000
MORT $ 27,000.00
BAL $ 26,973.31
RATE 9.500
PAI $ 227.04
CLTV 54.000
MATURITY 130317
FEE 0.5000
LOAN 0000022047088
LAST_NAME CHILDERS
ADDRESS 9161 HWY 73 WEST
CITY CONCORD
STATE NC
ZIP 280270000
MORT $ 78,400.00
BAL $ 78,322.40
RATE 9.490
PAI $ 658.66
CLTV 80.000
MATURITY 130306
FEE 0.5000
LOAN 0000022047393
LAST_NAME PILOTTE
ADDRESS 3181 COUNTY ROAD 1141
CITY CULLMAN
STATE AL
ZIP 350570000
MORT $ 43,200.00
BAL $ 43,114.34
RATE 12.100
PAI $ 521.26
CLTV 80.000
MATURITY 130420
FEE 0.5000
LOAN 0000022047419
LAST_NAME GARNER
ADDRESS 1003 DOVER AVE
CITY SHEFFIELD
STATE AL
ZIP 356600000
MORT $ 51,300.00
BAL $ 51,185.59
RATE 10.850
PAI $ 578.25
CLTV 90.000
MATURITY 130422
FEE 0.5000
LOAN 0000022047468
LAST_NAME HAHN
ADDRESS 8837 PEEBLES ROAD
CITY ALLISON PAR
STATE PA
ZIP 151010000
MORT $ 73,000.00
BAL $ 73,000.00
RATE 8.450
PAI $ 631.21
CLTV 79.347
MATURITY 180520
FEE 0.5000
LOAN 0000022047484
LAST_NAME HANSEN
ADDRESS 658 CLOVER LANE
CITY CRESTWOOD
STATE MO
ZIP 631260000
MORT $ 78,200.00
BAL $ 78,200.00
RATE 10.600
PAI $ 786.00
CLTV 85.000
MATURITY 180501
FEE 0.5000
LOAN 0000022047567
LAST_NAME MAGILL
ADDRESS 100 SPARKS AVENUE
CITY PENNSVILLE
STATE NJ
ZIP 080700000
MORT $ 96,900.00
BAL $ 96,900.00
RATE 9.500
PAI $ 814.79
CLTV 85.000
MATURITY 280519
FEE 0.5000
LOAN 0000022047716
LAST_NAME COUITT
ADDRESS 22 ROSEDALE DRIVE
CITY BRISTOL
STATE RI
ZIP 028090000
MORT $ 72,000.00
BAL $ 72,000.00
RATE 8.200
PAI $ 538.39
CLTV 80.000
MATURITY 280528
FEE 0.5000
LOAN 0000022047815
LAST_NAME CARBO
ADDRESS 1906 STUMPF BOULEVARD
CITY GRETNA
STATE LA
ZIP 700560000
MORT $ 59,500.00
BAL $ 59,500.00
RATE 9.150
PAI $ 485.19
CLTV 85.000
MATURITY 280528
FEE 0.5000
LOAN 0000022047948
LAST_NAME SARGENT
ADDRESS 54 STEPHEN DRIVE
CITY GLENDORA
STATE NJ
ZIP 080290000
MORT $ 37,700.00
BAL $ 37,700.00
RATE 9.400
PAI $ 314.26
CLTV 34.272
MATURITY 280515
FEE 0.5000
LOAN 0000022048219
LAST_NAME BRANCO
ADDRESS 8 SWEENEY LANE
CITY BRISTOL
STATE RI
ZIP 028090000
MORT $ 92,800.00
BAL $ 92,800.00
RATE 8.650
PAI $ 723.45
CLTV 80.000
MATURITY 280514
FEE 0.5000
LOAN 0000022048334
LAST_NAME HOLMES
ADDRESS 715 S VARR AVENUE
CITY COCOA
STATE FL
ZIP 329220000
MORT $ 78,300.00
BAL $ 78,300.00
RATE 9.990
PAI $ 755.10
CLTV 90.000
MATURITY 180429
FEE 0.5000
LOAN 0000022048383
LAST_NAME DEWEESE
ADDRESS 2861 WACO DRIVE EAST
CITY DELTONA
STATE FL
ZIP 327380000
MORT $ 67,500.00
BAL $ 67,500.00
RATE 9.250
PAI $ 618.22
CLTV 90.000
MATURITY 180424
FEE 0.5000
LOAN 0000022048391
LAST_NAME VIERRA
ADDRESS 17 LUNN STREET
CITY EAST PROVID
STATE RI
ZIP 029150000
MORT $ 24,000.00
BAL $ 24,000.00
RATE 8.500
PAI $ 236.34
CLTV 67.002
MATURITY 130515
FEE 0.5000
LOAN 0000022048425
LAST_NAME MERCADO
ADDRESS 611 E 5TH STREET
CITY LAKEWOOD
STATE NJ
ZIP 087010000
MORT $ 60,000.00
BAL $ 59,909.59
RATE 8.950
PAI $ 537.91
CLTV 75.000
MATURITY 180408
FEE 0.5000
LOAN 0000022048565
LAST_NAME SWETLAND
ADDRESS 53 TAPPAN AVENUE
CITY BABYLON
STATE NY
ZIP 117020000
MORT $105,400.00
BAL $ 105,119.42
RATE 9.950
PAI $ 1,013.65
CLTV 85.000
MATURITY 180221
FEE 0.5000
LOAN 0000022048573
LAST_NAME COX
ADDRESS 1132 DELAWARE AVENUE
CITY CHURCHTON
STATE MD
ZIP 207330000
MORT $172,350.00
BAL $ 172,350.00
RATE 9.650
PAI $ 1,468.12
CLTV 90.000
MATURITY 130427
FEE 0.5000
LOAN 0000022048631
LAST_NAME WELLMAN
ADDRESS 14 MOUNTVIEW AVENUE
CITY WALTHAM
STATE MA
ZIP 021540000
MORT $134,200.00
BAL $ 134,200.00
RATE 9.150
PAI $ 1,094.32
CLTV 78.023
MATURITY 280528
FEE 0.5000
LOAN 0000022048656
LAST_NAME CRIDER
ADDRESS 2110 49TH STREET EAST
CITY PALMETTO
STATE FL
ZIP 342210000
MORT $ 88,000.00
BAL $ 87,568.91
RATE 8.300
PAI $ 664.21
CLTV 67.692
MATURITY 271002
FEE 0.5000
LOAN 0000022048680
LAST_NAME ELLIS
ADDRESS 7500 SW 20TH STREET
CITY PLANTATION
STATE FL
ZIP 333170000
MORT $142,350.00
BAL $ 138,919.65
RATE 8.250
PAI $ 1,212.92
CLTV 76.945
MATURITY 170222
FEE 0.5000
LOAN 0000022048722
LAST_NAME MARSHALL
ADDRESS 956 W 133RD CIRCLE
CITY WESTMINSTER
STATE CO
ZIP 802340000
MORT $ 84,000.00
BAL $ 83,900.36
RATE 8.620
PAI $ 653.04
CLTV 76.363
MATURITY 280227
FEE 0.5000
LOAN 0000022048763
LAST_NAME BROWN
ADDRESS RT 2 BOX 490
CITY INTERLACHEN
STATE FL
ZIP 321480000
MORT $ 44,000.00
BAL $ 43,801.48
RATE 8.300
PAI $ 332.11
CLTV 80.000
MATURITY 271013
FEE 0.5000
LOAN 0000022048789
LAST_NAME SHAHAN
ADDRESS 120 CLIFTON ROAD
CITY HOLLYWOOD
STATE FL
ZIP 330230000
MORT $ 42,500.00
BAL $ 42,336.27
RATE 8.300
PAI $ 320.78
CLTV 47.222
MATURITY 280102
FEE 0.5000
LOAN 0000022048854
LAST_NAME MARTIN
ADDRESS 8484 LANTANA DRIVE
CITY LARGO
STATE FL
ZIP 337770000
MORT $ 41,600.00
BAL $ 41,477.96
RATE 8.300
PAI $ 313.99
CLTV 64.000
MATURITY 280102
FEE 0.5000
LOAN 0000022048870
LAST_NAME JOLICOEUR
ADDRESS 1980 PHILLIPS ROAD
CITY ALVA
STATE FL
ZIP 339200000
MORT $ 90,000.00
BAL $ 89,593.98
RATE 8.300
PAI $ 679.31
CLTV 78.260
MATURITY 270909
FEE 0.5000
LOAN 0000022048888
LAST_NAME CLARKE
ADDRESS 26387 GUAYAQUIL DRIVE
CITY PUNTA GORDA
STATE FL
ZIP 339830000
MORT $128,000.00
BAL $ 127,590.43
RATE 8.300
PAI $ 966.12
CLTV 77.575
MATURITY 271202
FEE 0.5000
LOAN 0000022048920
LAST_NAME GROGAN
ADDRESS RT 1 BX 32 TURNER TOW
CITY NEEDHAM
STATE AL
ZIP 369150000
MORT $ 22,500.00
BAL $ 22,500.00
RATE 11.790
PAI $ 267.01
CLTV 63.888
MATURITY 130413
FEE 0.5000
Page 60
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022048946
LAST_NAME HEARST
ADDRESS 8407 THORNBERRY DRIVE
CITY UPPER MARLB
STATE MD
ZIP 207740000
MORT $140,400.00
BAL $ 140,400.00
RATE 8.990
PAI $ 1,128.69
CLTV 90.000
MATURITY 280429
FEE 0.5000
LOAN 0000022048953
LAST_NAME WILSON
ADDRESS 623 W KNOLLCREST DR.
CITY PEORIA
STATE IL
ZIP 616140000
MORT $ 76,800.00
BAL $ 76,453.59
RATE 8.300
PAI $ 579.67
CLTV 80.000
MATURITY 270926
FEE 0.5000
LOAN 0000022048979
LAST_NAME SALDANA
ADDRESS 1301 SOUTH STREET
CITY LAMAR
STATE CO
ZIP 810520000
MORT $ 60,000.00
BAL $ 59,479.92
RATE 8.400
PAI $ 457.10
CLTV 80.000
MATURITY 270404
FEE 0.5000
LOAN 0000022049035
LAST_NAME LEWIS
ADDRESS 1712 GIEGEL AVENUE
CITY ORLANDO
STATE FL
ZIP 328060000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 7.990
PAI $ 329.89
CLTV 60.000
MATURITY 130427
FEE 0.5000
LOAN 0000022049068
LAST_NAME MAGRUDER
ADDRESS 6407 61ST PLACE
CITY RIVERDALE
STATE MD
ZIP 207370000
MORT $ 91,000.00
BAL $ 91,000.00
RATE 8.250
PAI $ 683.66
CLTV 79.130
MATURITY 130429
FEE 0.5000
LOAN 0000022049233
LAST_NAME WARD
ADDRESS 19401 JUSTINE STREET
CITY DETROIT
STATE MI
ZIP 482340000
MORT $ 40,500.00
BAL $ 40,474.26
RATE 11.550
PAI $ 402.62
CLTV 90.000
MATURITY 130323
FEE 0.5000
LOAN 0000022049456
LAST_NAME POTTLE
ADDRESS 9 SUNRISE COURT
CITY SPARTA
STATE NJ
ZIP 078710000
MORT $262,500.00
BAL $ 262,355.11
RATE 8.950
PAI $ 2,102.70
CLTV 74.573
MATURITY 130420
FEE 0.5000
LOAN 0000022049522
LAST_NAME RAYNER
ADDRESS 748 NORWAY AVENUE
CITY HAMILTON
STATE NJ
ZIP 086290000
MORT $ 53,600.00
BAL $ 53,600.00
RATE 9.700
PAI $ 506.64
CLTV 40.606
MATURITY 180523
FEE 0.5000
LOAN 0000022049688
LAST_NAME BATTLE
ADDRESS 19 CRITTENDEN STREET NE
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $ 52,000.00
BAL $ 51,971.54
RATE 8.990
PAI $ 418.03
CLTV 45.217
MATURITY 280428
FEE 0.5000
LOAN 0000022049720
LAST_NAME TAYLOR
ADDRESS 4104 20TH STREET N.E.
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $113,000.00
BAL $ 113,000.00
RATE 9.800
PAI $ 975.00
CLTV 72.903
MATURITY 280501
FEE 0.5000
LOAN 0000022049738
LAST_NAME MILLER
ADDRESS 1109 KERSEY ROAD
CITY SILVER SPRI
STATE MD
ZIP 209020000
MORT $145,000.00
BAL $ 145,000.00
RATE 8.950
PAI $ 1,161.49
CLTV 69.047
MATURITY 130429
FEE 0.5000
LOAN 0000022049746
LAST_NAME BENNER
ADDRESS 1929 BRYN MAWR AVENUE
CITY HADDON HEIG
STATE NJ
ZIP 080350000
MORT $ 62,500.00
BAL $ 62,500.00
RATE 9.250
PAI $ 535.24
CLTV 69.444
MATURITY 230523
FEE 0.5000
LOAN 0000022049845
LAST_NAME CADOLINO
ADDRESS 182 NEW HAMPSHIRE AVENUE
CITY MASSAPEQUA
STATE NY
ZIP 117580000
MORT $184,500.00
BAL $ 184,500.00
RATE 9.750
PAI $ 1,585.14
CLTV 87.857
MATURITY 280429
FEE 0.5000
LOAN 0000022049860
LAST_NAME BENNETT
ADDRESS 1336 W. 24TH STREET
CITY RIVIERA BEA
STATE FL
ZIP 334040000
MORT $ 22,500.00
BAL $ 22,500.00
RATE 9.200
PAI $ 469.26
CLTV 61.747
MATURITY 30528
FEE 0.5000
LOAN 0000022049928
LAST_NAME DANIEL
ADDRESS 814 K STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 64,400.00
BAL $ 64,400.00
RATE 9.850
PAI $ 558.04
CLTV 70.000
MATURITY 280427
FEE 0.5000
LOAN 0000022049944
LAST_NAME RODRIGUEZ-RE
ADDRESS 1224 G STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $132,000.00
BAL $ 132,000.00
RATE 8.700
PAI $ 1,033.74
CLTV 80.000
MATURITY 130427
FEE 0.5000
LOAN 0000022049951
LAST_NAME MILLS
ADDRESS 4224 GRANT STREET NE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $ 86,800.00
BAL $ 86,800.00
RATE 9.750
PAI $ 745.75
CLTV 80.000
MATURITY 280429
FEE 0.5000
LOAN 0000022049993
LAST_NAME TRAVERS
ADDRESS 2342 HUNTER PLACE S.E.
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $ 56,000.00
BAL $ 55,974.42
RATE 9.850
PAI $ 485.25
CLTV 70.000
MATURITY 130502
FEE 0.5000
LOAN 0000022050066
LAST_NAME MCFADDEN
ADDRESS 5827 COLORADO AVENUE NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $ 15,500.00
BAL $ 14,962.08
RATE 9.850
PAI $ 165.15
CLTV 28.908
MATURITY 130428
FEE 0.5000
LOAN 0000022050199
LAST_NAME D'AMBROGI
ADDRESS 733 ANNESLIE ROAD
CITY BALTIMORE
STATE MD
ZIP 212120000
MORT $ 57,000.00
BAL $ 56,713.68
RATE 9.500
PAI $ 737.57
CLTV 43.181
MATURITY 80429
FEE 0.5000
LOAN 0000022050231
LAST_NAME MESLER
ADDRESS 198 ONTARIO STREET
CITY LOCKPORT
STATE NY
ZIP 140940000
MORT $ 53,600.00
BAL $ 53,600.00
RATE 10.500
PAI $ 592.49
CLTV 80.000
MATURITY 130429
FEE 0.5000
LOAN 0000022050298
LAST_NAME JACKSON
ADDRESS 326 BUTTERFIELD AVENUE
CITY ALPLAUS
STATE NY
ZIP 120080000
MORT $ 64,000.00
BAL $ 64,000.00
RATE 8.750
PAI $ 565.57
CLTV 67.368
MATURITY 180420
FEE 0.5000
LOAN 0000022050314
LAST_NAME SWALES
ADDRESS 1417 ALBERT DRIVE
CITY MITCHELLVIL
STATE MD
ZIP 207210000
MORT $239,400.00
BAL $ 239,400.00
RATE 9.950
PAI $ 2,302.34
CLTV 90.000
MATURITY 180505
FEE 0.5000
LOAN 0000022050348
LAST_NAME PARKER
ADDRESS 26297 MEADOWBROOK WAY
CITY LATHER WAY
STATE MI
ZIP 480760000
MORT $171,900.00
BAL $ 171,900.00
RATE 11.650
PAI $ 1,722.02
CLTV 90.000
MATURITY 130430
FEE 0.5000
LOAN 0000022050363
LAST_NAME SICKS
ADDRESS 111 SOUTH ELLIOTT PLACE
CITY BROOKLYN
STATE NY
ZIP 112170000
MORT $380,000.00
BAL $ 380,000.00
RATE 10.050
PAI $ 3,348.82
CLTV 80.000
MATURITY 130422
FEE 0.5000
LOAN 0000022050405
LAST_NAME SHREVE
ADDRESS 141 E LODS STREET
CITY AKRON
STATE OH
ZIP 443040000
MORT $ 38,625.00
BAL $ 38,567.55
RATE 9.500
PAI $ 324.78
CLTV 75.000
MATURITY 130120
FEE 0.5000
LOAN 0000022050454
LAST_NAME MOYNIHAN
ADDRESS 2263 S DOWNING STREET
CITY DENVER
STATE CO
ZIP 802100000
MORT $ 22,900.00
BAL $ 22,849.59
RATE 10.990
PAI $ 260.14
CLTV 82.165
MATURITY 130420
FEE 0.5000
LOAN 0000022050470
LAST_NAME SCHENCK
ADDRESS 957 GARVER ROAD
CITY MIDDLETOWN
STATE OH
ZIP 450440000
MORT $ 86,000.00
BAL $ 86,000.00
RATE 8.250
PAI $ 646.09
CLTV 74.137
MATURITY 130424
FEE 0.5000
LOAN 0000022050546
LAST_NAME LOMAN
ADDRESS 435 COLORA ROAD
CITY COLORA
STATE MD
ZIP 219170000
MORT $ 12,000.00
BAL $ 11,838.76
RATE 8.490
PAI $ 246.14
CLTV 78.361
MATURITY 30401
FEE 0.5000
LOAN 0000022050637
LAST_NAME RODRIGUEZ
ADDRESS 3633 PRAIRIE AVENUE
CITY TOLEDO
STATE OH
ZIP 436140000
MORT $ 79,900.00
BAL $ 79,854.03
RATE 8.750
PAI $ 628.57
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000022050645
LAST_NAME TURNER
ADDRESS 207 TAYLOR STREET
CITY CITY OF ORA
STATE NJ
ZIP 070500000
MORT $141,000.00
BAL $ 140,926.90
RATE 9.250
PAI $ 1,159.97
CLTV 75.000
MATURITY 130401
FEE 0.5000
LOAN 0000022050678
LAST_NAME LEHMAN
ADDRESS 549 N DIAMOND STREET
CITY RAVENNA TWP
STATE OH
ZIP 442660000
MORT $ 57,750.00
BAL $ 57,462.39
RATE 7.900
PAI $ 479.46
CLTV 75.000
MATURITY 180317
FEE 0.5000
LOAN 0000022050702
LAST_NAME STUCKER
ADDRESS 535 MARION AVENUE
CITY INTERLACHEN
STATE FL
ZIP 321480000
MORT $ 43,350.00
BAL $ 43,350.00
RATE 9.990
PAI $ 418.05
CLTV 85.000
MATURITY 180416
FEE 0.5000
LOAN 0000022050777
LAST_NAME LEIGH
ADDRESS 12234 GRANDVIEW DRIVE
CITY BURTON
STATE OH
ZIP 440210000
MORT $104,000.00
BAL $ 104,000.00
RATE 8.850
PAI $ 825.61
CLTV 69.333
MATURITY 130421
FEE 0.5000
LOAN 0000022050793
LAST_NAME WOODS
ADDRESS 102 BRIGHTWOOD AVENUE
CITY PEARL RIVER
STATE NY
ZIP 109650000
MORT $147,000.00
BAL $ 146,772.83
RATE 8.750
PAI $ 1,299.05
CLTV 67.123
MATURITY 180415
FEE 0.5000
LOAN 0000022050819
LAST_NAME SCERE
ADDRESS 18196 TURNER ROAD
CITY MEADVILLE
STATE PA
ZIP 163350000
MORT $ 71,400.00
BAL $ 71,207.02
RATE 8.750
PAI $ 713.61
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000022050827
LAST_NAME COLE
ADDRESS 51635 COUNTY ROAD 25
CITY BRISTOL
STATE IN
ZIP 465070000
MORT $ 30,800.00
BAL $ 30,640.75
RATE 8.990
PAI $ 389.99
CLTV 42.191
MATURITY 80330
FEE 0.5000
LOAN 0000022050876
LAST_NAME LEDBETTER
ADDRESS 1322 S. 51ST STREET
CITY PHILADELPHI
STATE PA
ZIP 191430000
MORT $ 41,400.00
BAL $ 41,368.48
RATE 10.750
PAI $ 386.46
CLTV 90.000
MATURITY 130319
FEE 0.5000
LOAN 0000022050892
LAST_NAME RAGLAND
ADDRESS 1385 REYNOLDS ROAD SW
CITY ATLANTA
STATE GA
ZIP 303310000
MORT $ 55,900.00
BAL $ 55,900.00
RATE 8.500
PAI $ 550.47
CLTV 62.111
MATURITY 130422
FEE 0.5000
LOAN 0000022050918
LAST_NAME MATEY
ADDRESS 425 KREWSON TERRACE
CITY WILLOW GROV
STATE PA
ZIP 190900000
MORT $116,000.00
BAL $ 115,763.67
RATE 7.900
PAI $ 963.06
CLTV 80.000
MATURITY 180401
FEE 0.5000
LOAN 0000022050934
LAST_NAME LESSMAN
ADDRESS 265 AUSTIN DRIVE
CITY FALLS TOWNS
STATE PA
ZIP 190300000
MORT $ 58,000.00
BAL $ 57,928.09
RATE 8.700
PAI $ 454.22
CLTV 53.703
MATURITY 130320
FEE 0.5000
Page 61
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022050959
LAST_NAME LENOX
ADDRESS 1521 ELLER DRIVE
CITY NASHVILLE
STATE TN
ZIP 372210000
MORT $176,500.00
BAL $ 176,073.44
RATE 8.250
PAI $ 1,325.99
CLTV 78.444
MATURITY 130318
FEE 0.5000
LOAN 0000022050983
LAST_NAME KINGSLAND
ADDRESS 46 E CAVALIER DRIVE
CITY CHEEKTOWAGA
STATE NY
ZIP 142270000
MORT $ 51,500.00
BAL $ 51,500.00
RATE 8.500
PAI $ 446.93
CLTV 65.189
MATURITY 180427
FEE 0.5000
LOAN 0000022051007
LAST_NAME LANSDEN
ADDRESS 7838 HANCOCK ROAD
CITY CHATTANOOGA
STATE TN
ZIP 374160000
MORT $ 38,000.00
BAL $ 37,807.28
RATE 9.500
PAI $ 396.81
CLTV 52.777
MATURITY 130326
FEE 0.5000
LOAN 0000022051049
LAST_NAME ECKERSON
ADDRESS 17 SAGAMORE DRIVE
CITY OTISVILLE
STATE NY
ZIP 109630000
MORT $105,000.00
BAL $ 105,000.00
RATE 9.750
PAI $ 995.94
CLTV 87.500
MATURITY 180424
FEE 0.5000
LOAN 0000022051114
LAST_NAME TAYLOR
ADDRESS 1502 GRANADA AVENUE
CITY HOLLY HILL
STATE FL
ZIP 321170000
MORT $ 19,850.00
BAL $ 19,850.00
RATE 10.990
PAI $ 273.32
CLTV 84.933
MATURITY 80422
FEE 0.5000
LOAN 0000022051148
LAST_NAME BREEN
ADDRESS 42 DEER PATH DRIVE
CITY ALBANY
STATE NY
ZIP 122050000
MORT $120,000.00
BAL $ 120,000.00
RATE 8.350
PAI $ 1,171.16
CLTV 75.000
MATURITY 130424
FEE 0.5000
LOAN 0000022051197
LAST_NAME CANTRELL
ADDRESS 725 ENON CHURCH ROAD
CITY UNIONVILLE
STATE TN
ZIP 371800000
MORT $ 60,000.00
BAL $ 59,707.93
RATE 10.050
PAI $ 794.57
CLTV 75.000
MATURITY 80401
FEE 0.5000
LOAN 0000022051247
LAST_NAME YAVORSKY
ADDRESS 959 GLENSIDE AVENUE
CITY SOUTH EUCLI
STATE OH
ZIP 441210000
MORT $ 82,500.00
BAL $ 82,500.00
RATE 8.600
PAI $ 640.21
CLTV 75.000
MATURITY 130501
FEE 0.5000
LOAN 0000022051254
LAST_NAME AVERETTE
ADDRESS 1442 WEST GRANGE STREET
CITY PHILADELPHI
STATE PA
ZIP 191490000
MORT $ 48,000.00
BAL $ 47,823.16
RATE 9.300
PAI $ 396.63
CLTV 79.338
MATURITY 121103
FEE 0.5000
LOAN 0000022051262
LAST_NAME CISNEROS
ADDRESS 4174 SABIN DRIVE
CITY ROOTSTOWN
STATE OH
ZIP 442720000
MORT $ 58,500.00
BAL $ 58,149.11
RATE 7.900
PAI $ 555.68
CLTV 73.125
MATURITY 130320
FEE 0.5000
LOAN 0000022051270
LAST_NAME EASH
ADDRESS 18155 VISTA VIEW DRIVE
CITY GOSHEN
STATE IN
ZIP 465260000
MORT $ 17,500.00
BAL $ 17,500.00
RATE 9.990
PAI $ 231.17
CLTV 65.502
MATURITY 80422
FEE 0.5000
LOAN 0000022051346
LAST_NAME FERTIG
ADDRESS 117 LOUISIANA TRAIL
CITY PEMBERTON T
STATE NJ
ZIP 080150000
MORT $ 51,000.00
BAL $ 50,017.28
RATE 9.950
PAI $ 672.56
CLTV 60.714
MATURITY 80123
FEE 0.5000
LOAN 0000022051361
LAST_NAME REAGAN
ADDRESS 1818 CAMPBELL STA. ROAD
CITY KNOXVILLE
STATE TN
ZIP 379320000
MORT $ 59,100.00
BAL $ 58,948.06
RATE 10.250
PAI $ 529.60
CLTV 82.083
MATURITY 121110
FEE 0.5000
LOAN 0000022051395
LAST_NAME CAPITONI
ADDRESS 5132 STATE ROUTE 225
CITY DIAMOND
STATE OH
ZIP 444120000
MORT $ 80,000.00
BAL $ 79,755.43
RATE 7.400
PAI $ 553.90
CLTV 68.965
MATURITY 130317
FEE 0.5000
LOAN 0000022051437
LAST_NAME LAUNDRA
ADDRESS 1631 BELDON AVENUE SW
CITY WYOMING
STATE MI
ZIP 495090000
MORT $ 59,600.00
BAL $ 59,503.14
RATE 8.350
PAI $ 511.58
CLTV 80.000
MATURITY 180428
FEE 0.5000
LOAN 0000022051445
LAST_NAME CORDIER
ADDRESS 668 WESTBROOK COURT
CITY RAVENNA
STATE OH
ZIP 442660000
MORT $ 65,500.00
BAL $ 65,274.08
RATE 7.900
PAI $ 543.80
CLTV 73.595
MATURITY 180304
FEE 0.5000
LOAN 0000022051460
LAST_NAME CODDINGTON
ADDRESS 26236 MEAD ROAD
CITY FEDERALSBUR
STATE MD
ZIP 216320000
MORT $ 30,000.00
BAL $ 29,896.52
RATE 7.900
PAI $ 249.07
CLTV 35.294
MATURITY 180311
FEE 0.5000
LOAN 0000022051478
LAST_NAME BEVINGTON
ADDRESS 608 MULBERRY STREET
CITY BRIDGEWATER
STATE PA
ZIP 150090000
MORT $ 53,440.00
BAL $ 53,413.99
RATE 9.550
PAI $ 451.30
CLTV 80.000
MATURITY 280403
FEE 0.5000
LOAN 0000022051494
LAST_NAME HARBIN
ADDRESS 3506 W PLACE
CITY BEVERLY HIL
STATE MO
ZIP 631210000
MORT $ 46,750.00
BAL $ 46,750.00
RATE 10.200
PAI $ 431.43
CLTV 85.000
MATURITY 230504
FEE 0.5000
LOAN 0000022051544
LAST_NAME DECARLO
ADDRESS 817 SHEARER STREET
CITY GREENSBURG
STATE PA
ZIP 156010000
MORT $ 40,500.00
BAL $ 40,500.00
RATE 8.850
PAI $ 407.17
CLTV 71.052
MATURITY 130421
FEE 0.5000
LOAN 0000022051569
LAST_NAME BELL
ADDRESS 1675 HATHAWAY LANE
CITY PITTSBURGH
STATE PA
ZIP 152410000
MORT $208,250.00
BAL $ 207,928.16
RATE 8.750
PAI $ 1,840.33
CLTV 85.000
MATURITY 180317
FEE 0.5000
LOAN 0000022051577
LAST_NAME KELBY
ADDRESS 5418 W FLORISSANT
CITY SAINT LOUIS
STATE MO
ZIP 631200000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 11.000
PAI $ 428.55
CLTV 90.000
MATURITY 130501
FEE 0.5000
LOAN 0000022051601
LAST_NAME PLUNK
ADDRESS 7329 KOHLER DRIVE
CITY BARNHART
STATE MO
ZIP 630120000
MORT $ 71,000.00
BAL $ 71,000.00
RATE 9.800
PAI $ 635.20
CLTV 83.529
MATURITY 230501
FEE 0.5000
LOAN 0000022051619
LAST_NAME ELLER
ADDRESS 18 READING
CITY MARYLAND HE
STATE MO
ZIP 630430000
MORT $ 99,500.00
BAL $ 99,500.00
RATE 9.400
PAI $ 829.40
CLTV 79.600
MATURITY 130508
FEE 0.5000
LOAN 0000022051643
LAST_NAME BATTISTA
ADDRESS 3229 KESTNER AVE
CITY PITTSBURGH
STATE PA
ZIP 152270000
MORT $ 55,000.00
BAL $ 54,908.06
RATE 8.250
PAI $ 468.64
CLTV 78.571
MATURITY 180417
FEE 0.5000
LOAN 0000022051650
LAST_NAME PARKS
ADDRESS 129 WESTFIELD DRIVE
CITY NASHVILLE
STATE TN
ZIP 372210000
MORT $ 67,500.00
BAL $ 67,392.34
RATE 8.500
PAI $ 585.78
CLTV 75.000
MATURITY 180323
FEE 0.5000
LOAN 0000022051684
LAST_NAME O'NEAL
ADDRESS 10555 NEW CUT OFF ROAD
CITY BON AQUA
STATE TN
ZIP 370250000
MORT $ 53,000.00
BAL $ 52,784.74
RATE 9.850
PAI $ 506.21
CLTV 67.088
MATURITY 180206
FEE 0.5000
LOAN 0000022051700
LAST_NAME MILLER
ADDRESS 632 U STREET
CITY UPPER MERIO
STATE PA
ZIP 194060000
MORT $110,500.00
BAL $ 110,500.00
RATE 9.000
PAI $ 889.11
CLTV 85.000
MATURITY 130420
FEE 0.5000
LOAN 0000022051718
LAST_NAME MILES
ADDRESS 7111 AQUINAS AVENUE
CITY UPPER MARLB
STATE MD
ZIP 207720000
MORT $114,750.00
BAL $ 114,750.00
RATE 9.450
PAI $ 1,065.88
CLTV 85.000
MATURITY 180413
FEE 0.5000
LOAN 0000022051726
LAST_NAME MAZUR
ADDRESS 10 LESLIE DRIVE
CITY INDIAN HEAD
STATE MD
ZIP 206400000
MORT $ 40,000.00
BAL $ 39,673.43
RATE 8.300
PAI $ 389.22
CLTV 31.007
MATURITY 130309
FEE 0.5000
LOAN 0000022051767
LAST_NAME HILL
ADDRESS 1122 E PARKEDGE
CITY UNIVERSITY
STATE MO
ZIP 631300000
MORT $ 87,400.00
BAL $ 87,400.00
RATE 9.250
PAI $ 748.48
CLTV 75.344
MATURITY 230515
FEE 0.5000
LOAN 0000022051791
LAST_NAME JESSUP
ADDRESS 915 CORNELL
CITY WEBSTER GRO
STATE MO
ZIP 631190000
MORT $ 57,600.00
BAL $ 57,600.00
RATE 9.790
PAI $ 514.91
CLTV 80.000
MATURITY 230501
FEE 0.5000
LOAN 0000022051858
LAST_NAME ZIMMER
ADDRESS 79 STANLEY CIRCLE
CITY STATEN ISLA
STATE NY
ZIP 103080000
MORT $140,000.00
BAL $ 140,000.00
RATE 8.500
PAI $ 1,214.96
CLTV 66.666
MATURITY 180501
FEE 0.5000
LOAN 0000022051932
LAST_NAME STRACKA
ADDRESS 6608 ORLAND STREET
CITY FALLS CHURC
STATE VA
ZIP 220430000
MORT $135,000.00
BAL $ 135,000.00
RATE 9.000
PAI $ 1,086.24
CLTV 54.000
MATURITY 130407
FEE 0.5000
LOAN 0000022051940
LAST_NAME TURANO
ADDRESS 334 JAMES STREET
CITY NORRISTOWN
STATE PA
ZIP 194010000
MORT $ 87,125.00
BAL $ 87,027.46
RATE 8.900
PAI $ 694.77
CLTV 85.000
MATURITY 280305
FEE 0.5000
LOAN 0000022052096
LAST_NAME CHEATHAM
ADDRESS 10300 WOOD SORREL COURT
CITY MARLBORO
STATE MD
ZIP 207720000
MORT $ 13,000.00
BAL $ 13,000.00
RATE 9.900
PAI $ 171.08
CLTV 84.790
MATURITY 80421
FEE 0.5000
LOAN 0000022052245
LAST_NAME BIXLER
ADDRESS 4311 LYTLE CREEK DRIVE
CITY MURFREESBOR
STATE TN
ZIP 371300000
MORT $ 71,000.00
BAL $ 70,793.00
RATE 7.900
PAI $ 674.42
CLTV 76.344
MATURITY 130309
FEE 0.5000
LOAN 0000022052310
LAST_NAME BROWN
ADDRESS 5912 MILTON AVENUE
CITY DEALE
STATE MD
ZIP 207510000
MORT $ 95,000.00
BAL $ 94,872.08
RATE 8.000
PAI $ 697.08
CLTV 77.235
MATURITY 130320
FEE 0.5000
LOAN 0000022052344
LAST_NAME BADUSKE
ADDRESS 44 TATTERSALL DRIVE
CITY BURLINGTON
STATE NJ
ZIP 080160000
MORT $109,000.00
BAL $ 109,000.00
RATE 9.350
PAI $ 904.63
CLTV 79.562
MATURITY 280528
FEE 0.5000
LOAN 0000022052476
LAST_NAME MOONEY
ADDRESS 8 RACE ST
CITY ASHLEY
STATE OH
ZIP 430030000
MORT $ 72,000.00
BAL $ 67,813.59
RATE 13.500
PAI $ 824.70
CLTV 90.000
MATURITY 121101
FEE 0.5000
LOAN 0000022052534
LAST_NAME FISHER
ADDRESS 3247 VIKING ROAD
CITY NASHVILLE
STATE TN
ZIP 372180000
MORT $ 62,900.00
BAL $ 62,575.20
RATE 9.300
PAI $ 649.25
CLTV 85.000
MATURITY 130304
FEE 0.5000
Page 62
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HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022052633
LAST_NAME WEBSTER
ADDRESS 2501 HIGHWAY 205
CITY MARSHVILLE
STATE NC
ZIP 281030000
MORT $ 49,650.00
BAL $ 49,650.00
RATE 8.875
PAI $ 499.90
CLTV 75.000
MATURITY 130501
FEE 0.5000
LOAN 0000022052732
LAST_NAME KNAPP
ADDRESS 3871 POINCIANA DRIVE #302
CITY LAKE WORTH
STATE FL
ZIP 334670000
MORT $ 38,600.00
BAL $ 38,391.94
RATE 8.250
PAI $ 473.44
CLTV 68.928
MATURITY 80401
FEE 0.5000
LOAN 0000022052799
LAST_NAME WILLIS
ADDRESS 1281 FALLS RIVER ROAD
CITY YPSILANTI
STATE MI
ZIP 481980000
MORT $ 40,600.00
BAL $ 40,600.00
RATE 8.250
PAI $ 497.97
CLTV 58.000
MATURITY 80501
FEE 0.5000
LOAN 0000022052807
LAST_NAME HAIRE
ADDRESS 1614 HOMESTEAD ST
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $ 42,000.00
BAL $ 41,560.63
RATE 8.850
PAI $ 528.63
CLTV 80.000
MATURITY 80311
FEE 0.5000
LOAN 0000022052823
LAST_NAME LANGSTON
ADDRESS 7769 PEACH PARKWAY
CITY BYRON
STATE GA
ZIP 310080000
MORT $ 46,000.00
BAL $ 46,000.00
RATE 9.250
PAI $ 473.43
CLTV 74.675
MATURITY 130501
FEE 0.5000
LOAN 0000022052880
LAST_NAME HALLORAN
ADDRESS 2507 LARKIN DRIVE
CITY SUN CITY CE
STATE FL
ZIP 335730000
MORT $ 47,944.00
BAL $ 47,944.00
RATE 8.250
PAI $ 588.05
CLTV 59.930
MATURITY 80501
FEE 0.5000
LOAN 0000022052898
LAST_NAME HAYES
ADDRESS 1711 INDEPENDENCE AVE SE
CITY WASHINGTON
STATE DC
ZIP 200030000
MORT $ 86,000.00
BAL $ 85,898.09
RATE 8.625
PAI $ 668.90
CLTV 71.966
MATURITY 130320
FEE 0.5000
LOAN 0000022052906
LAST_NAME HEBERLEIN
ADDRESS 3317 GUMSTAND DRIVE
CITY POWELL
STATE TN
ZIP 378490000
MORT $ 96,050.00
BAL $ 95,996.98
RATE 8.950
PAI $ 769.39
CLTV 85.000
MATURITY 130407
FEE 0.5000
LOAN 0000022053060
LAST_NAME ALLOSSERY
ADDRESS 1604 WEST BROOK DRIVE
CITY MADISON HEI
STATE MI
ZIP 480710000
MORT $ 71,000.00
BAL $ 71,000.00
RATE 8.625
PAI $ 704.38
CLTV 64.545
MATURITY 130501
FEE 0.5000
LOAN 0000022053102
LAST_NAME CHILDERS
ADDRESS 5615 E 250 NORTH
CITY LAGRANGE
STATE IN
ZIP 467610000
MORT $ 34,875.00
BAL $ 34,875.00
RATE 9.875
PAI $ 333.67
CLTV 75.000
MATURITY 180501
FEE 0.5000
LOAN 0000022053128
LAST_NAME ROBERTS
ADDRESS 105 REDNER AVENUE
CITY BATTLE CREE
STATE MI
ZIP 490170000
MORT $ 49,800.00
BAL $ 49,800.00
RATE 11.000
PAI $ 566.03
CLTV 84.982
MATURITY 130501
FEE 0.5000
LOAN 0000022053136
LAST_NAME RIZZO, III
ADDRESS 7344 EDLANE
CITY ALGONAC
STATE MI
ZIP 480010000
MORT $ 60,300.00
BAL $ 60,300.00
RATE 10.375
PAI $ 596.97
CLTV 67.000
MATURITY 180501
FEE 0.5000
LOAN 0000022053151
LAST_NAME WOODRUFF
ADDRESS 896 CHESTNUT TREE DRIVE
CITY ANNAPOLIS
STATE MD
ZIP 214010000
MORT $ 43,700.00
BAL $ 43,628.09
RATE 8.250
PAI $ 372.35
CLTV 36.416
MATURITY 180401
FEE 0.5000
LOAN 0000022053169
LAST_NAME ALLISON
ADDRESS 1051 EADS BLUFF ROAD NW
CITY GEORGETOWN
STATE TN
ZIP 373360000
MORT $ 57,800.00
BAL $ 57,800.00
RATE 9.250
PAI $ 594.87
CLTV 85.000
MATURITY 130505
FEE 0.5000
LOAN 0000022053235
LAST_NAME GILBERT
ADDRESS 108-64 167TH STREET
CITY QUEENS
STATE NY
ZIP 114330000
MORT $ 68,000.00
BAL $ 68,000.00
RATE 9.350
PAI $ 703.93
CLTV 84.844
MATURITY 130501
FEE 0.5000
LOAN 0000022053409
LAST_NAME GREEN
ADDRESS 5841 WHISERWOOD RD
CITY KNOXVILLE
STATE TN
ZIP 379180000
MORT $ 12,800.00
BAL $ 12,800.00
RATE 10.150
PAI $ 138.73
CLTV 71.919
MATURITY 130420
FEE 0.5000
LOAN 0000022053474
LAST_NAME OSBOURNE
ADDRESS 118 EAGLE DRIVE
CITY GALLATIN
STATE TN
ZIP 370660000
MORT $ 67,150.00
BAL $ 67,150.00
RATE 8.750
PAI $ 671.13
CLTV 85.000
MATURITY 130505
FEE 0.5000
LOAN 0000022053516
LAST_NAME WELCH
ADDRESS RR 1 BOX 287 ROUTE 39
CITY PARADISE TW
STATE PA
ZIP 183260000
MORT $104,000.00
BAL $ 103,933.68
RATE 8.250
PAI $ 781.32
CLTV 79.389
MATURITY 130317
FEE 0.5000
LOAN 0000022053649
LAST_NAME SMALL
ADDRESS 68 MAPLE STREET
CITY CROTON ON H
STATE NY
ZIP 105200000
MORT $ 35,000.00
BAL $ 35,000.00
RATE 10.490
PAI $ 386.67
CLTV 84.975
MATURITY 130427
FEE 0.5000
LOAN 0000022053722
LAST_NAME REARDON
ADDRESS 38 WEDGEWOOD LANE
CITY PALM COAST
STATE FL
ZIP 321640000
MORT $ 31,600.00
BAL $ 31,600.00
RATE 9.550
PAI $ 409.76
CLTV 79.063
MATURITY 80501
FEE 0.5000
LOAN 0000022053755
LAST_NAME RINALDI
ADDRESS 113 VIAL AVENUE
CITY MECHANICVIL
STATE NY
ZIP 121180000
MORT $ 82,500.00
BAL $ 82,500.00
RATE 8.350
PAI $ 805.17
CLTV 73.008
MATURITY 130430
FEE 0.5000
LOAN 0000022053839
LAST_NAME MALONE
ADDRESS 555 E DOWNING ST
CITY MOBILE
STATE AL
ZIP 366170000
MORT $ 30,800.00
BAL $ 30,800.00
RATE 12.700
PAI $ 333.50
CLTV 80.000
MATURITY 130508
FEE 0.5000
LOAN 0000022053904
LAST_NAME KING
ADDRESS 814 SOUTH HENRY STREET
CITY MORRISTOWN
STATE TN
ZIP 378130000
MORT $ 10,800.00
BAL $ 10,380.26
RATE 10.200
PAI $ 230.53
CLTV 24.545
MATURITY 30122
FEE 0.5000
LOAN 0000022053920
LAST_NAME MIRAGLIA
ADDRESS 6112 JANMER LANE
CITY KNOXVILLE
STATE TN
ZIP 379190000
MORT $ 63,750.00
BAL $ 63,750.00
RATE 9.000
PAI $ 573.58
CLTV 85.000
MATURITY 180501
FEE 0.5000
LOAN 0000022053938
LAST_NAME RATIGAN
ADDRESS 91 SOUTH MAIN STREET
CITY CASTILE
STATE NY
ZIP 144270000
MORT $ 34,500.00
BAL $ 33,975.98
RATE 9.500
PAI $ 446.42
CLTV 69.000
MATURITY 80201
FEE 0.5000
LOAN 0000022053961
LAST_NAME JOSEPH
ADDRESS 1546 E 98TH STREET
CITY BROOKLYN
STATE NY
ZIP 112360000
MORT $269,450.00
BAL $ 269,450.00
RATE 9.650
PAI $ 2,295.23
CLTV 85.000
MATURITY 130513
FEE 0.5000
LOAN 0000022053979
LAST_NAME DAVIS
ADDRESS 2204 THORN GROVE PIKE
CITY KNOXVILLE
STATE TN
ZIP 379140000
MORT $ 41,000.00
BAL $ 40,592.00
RATE 9.800
PAI $ 435.59
CLTV 73.214
MATURITY 130116
FEE 0.5000
LOAN 0000022054001
LAST_NAME DIXON
ADDRESS 173 PEDRETTI AVENUE
CITY CINCINNATI
STATE OH
ZIP 452380000
MORT $ 40,000.00
BAL $ 40,000.00
RATE 8.850
PAI $ 503.46
CLTV 77.264
MATURITY 80421
FEE 0.5000
LOAN 0000022054019
LAST_NAME BROWN
ADDRESS 126 WINTHROP STREET
CITY BROOKLYN
STATE NY
ZIP 112250000
MORT $100,000.00
BAL $ 99,924.36
RATE 10.750
PAI $ 933.49
CLTV 40.000
MATURITY 280301
FEE 0.5000
LOAN 0000022054068
LAST_NAME LOWE
ADDRESS 1559 CLENDENEN ROAD
CITY MARYVILLE
STATE TN
ZIP 378010000
MORT $ 48,750.00
BAL $ 48,464.80
RATE 7.900
PAI $ 463.07
CLTV 76.771
MATURITY 130316
FEE 0.5000
LOAN 0000022054076
LAST_NAME ZEIGLER
ADDRESS 9798 SUNNY LANE
CITY STREETSBORO
STATE OH
ZIP 442410000
MORT $ 88,000.00
BAL $ 87,903.63
RATE 9.750
PAI $ 756.06
CLTV 80.000
MATURITY 280313
FEE 0.5000
LOAN 0000022054084
LAST_NAME SHOCKEY
ADDRESS 627 HOLLYWOOD DRIVE
CITY SEVERNA PAR
STATE MD
ZIP 211460000
MORT $111,200.00
BAL $ 111,200.00
RATE 8.750
PAI $ 982.69
CLTV 80.000
MATURITY 180424
FEE 0.5000
LOAN 0000022054100
LAST_NAME WAGNER
ADDRESS 121 AUSTIN AVENUE
CITY LANSDOWNE
STATE PA
ZIP 190500000
MORT $ 54,400.00
BAL $ 54,312.14
RATE 8.400
PAI $ 468.66
CLTV 85.000
MATURITY 180309
FEE 0.5000
LOAN 0000022054118
LAST_NAME NADZIEJKO
ADDRESS 14030 CHARLESTON DRIVE
CITY ORLAND PARK
STATE IL
ZIP 604620000
MORT $ 23,800.00
BAL $ 23,800.00
RATE 10.750
PAI $ 324.49
CLTV 63.009
MATURITY 80512
FEE 0.5000
LOAN 0000022054126
LAST_NAME HILL
ADDRESS 1621 ABBOTSTON STREET
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $ 33,000.00
BAL $ 32,613.13
RATE 10.500
PAI $ 364.78
CLTV 75.000
MATURITY 121201
FEE 0.5000
LOAN 0000022054142
LAST_NAME SIVLEY
ADDRESS 4842 LONE HILL ROAD
CITY CHATTANOOGA
STATE TN
ZIP 374160000
MORT $ 40,000.00
BAL $ 39,578.02
RATE 8.700
PAI $ 500.23
CLTV 54.794
MATURITY 80316
FEE 0.5000
LOAN 0000022054159
LAST_NAME VICENTE
ADDRESS 10 PRINCETON DRIVE
CITY DIX HILLS
STATE NY
ZIP 117460000
MORT $154,000.00
BAL $ 154,000.00
RATE 8.990
PAI $ 1,384.59
CLTV 49.838
MATURITY 180429
FEE 0.5000
LOAN 0000022054217
LAST_NAME CHEATHAM
ADDRESS 10300 WOOD SORREL COURT
CITY UPPER MARLB
STATE MD
ZIP 207720000
MORT $210,000.00
BAL $ 210,000.00
RATE 9.000
PAI $ 1,689.71
CLTV 79.847
MATURITY 130421
FEE 0.5000
LOAN 0000022054233
LAST_NAME THEOPHILAKOS
ADDRESS 9 QUAIL RIDGE ROAD
CITY GAYLORDSVIL
STATE CT
ZIP 067550000
MORT $188,000.00
BAL $ 188,000.00
RATE 8.990
PAI $ 1,511.34
CLTV 80.000
MATURITY 280415
FEE 0.5000
LOAN 0000022054274
LAST_NAME PARLAPIANO
ADDRESS 184 PROSPECT PLACE
CITY BAY SHORE
STATE NY
ZIP 117060000
MORT $122,400.00
BAL $ 122,400.00
RATE 13.250
PAI $ 1,377.95
CLTV 85.000
MATURITY 130501
FEE 0.5000
LOAN 0000022054290
LAST_NAME THOMAS
ADDRESS 5549 WEST MONROE STREET
CITY CHICAGO
STATE IL
ZIP 606440000
MORT $ 92,000.00
BAL $ 92,000.00
RATE 9.500
PAI $ 857.56
CLTV 80.000
MATURITY 180429
FEE 0.5000
Page 63
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022054308
LAST_NAME UNDERWOOD
ADDRESS 203 PINECREST DRIVE
CITY LOUDON
STATE TN
ZIP 377740000
MORT $ 63,750.00
BAL $ 63,651.47
RATE 8.750
PAI $ 563.37
CLTV 85.000
MATURITY 180410
FEE 0.5000
LOAN 0000022054324
LAST_NAME ADAMS
ADDRESS 25 CASTLIO COURT
CITY ST.CHARLES
STATE MO
ZIP 633040000
MORT $ 28,200.00
BAL $ 28,200.00
RATE 10.950
PAI $ 387.66
CLTV 76.794
MATURITY 80520
FEE 0.5000
LOAN 0000022054357
LAST_NAME HORRELL
ADDRESS 18 HOLLY HILL DRIVE
CITY ARDEN
STATE NC
ZIP 287040000
MORT $ 70,000.00
BAL $ 69,570.69
RATE 8.900
PAI $ 625.31
CLTV 80.000
MATURITY 180101
FEE 0.5000
LOAN 0000022054365
LAST_NAME SMITH
ADDRESS 5703 JACKSON STREET
CITY PITTSBURGH
STATE PA
ZIP 152060000
MORT $ 53,200.00
BAL $ 52,749.91
RATE 12.990
PAI $ 588.09
CLTV 70.000
MATURITY 121101
FEE 0.5000
LOAN 0000022054373
LAST_NAME POLK
ADDRESS 875 NORTHLAND AVENUE
CITY BUFFALO
STATE NY
ZIP 142150000
MORT $ 30,400.00
BAL $ 30,400.00
RATE 9.500
PAI $ 283.37
CLTV 80.000
MATURITY 180430
FEE 0.5000
LOAN 0000022054399
LAST_NAME SIMS
ADDRESS 25 COURSIN ROAD
CITY ELIZABETH
STATE PA
ZIP 150370000
MORT $ 25,500.00
BAL $ 25,500.00
RATE 9.750
PAI $ 241.87
CLTV 85.000
MATURITY 180508
FEE 0.5000
LOAN 0000022054415
LAST_NAME WALTERS
ADDRESS 33 CATLIN AVENUE
CITY JAMESTOWN
STATE NY
ZIP 147010000
MORT $ 37,900.00
BAL $ 37,900.00
RATE 8.990
PAI $ 384.18
CLTV 67.678
MATURITY 130428
FEE 0.5000
LOAN 0000022054423
LAST_NAME CLASTER
ADDRESS 250 S 18TH STREET UNIT 20
CITY PHILADELPHI
STATE PA
ZIP 191030000
MORT $356,250.00
BAL $ 356,250.00
RATE 8.875
PAI $ 2,834.48
CLTV 75.000
MATURITY 130420
FEE 0.5000
LOAN 0000022054431
LAST_NAME WEBER
ADDRESS 712 S OCCIDENTIAL HWY
CITY TECUMSEH
STATE MI
ZIP 492860000
MORT $ 18,700.00
BAL $ 18,573.73
RATE 10.850
PAI $ 210.79
CLTV 80.446
MATURITY 130223
FEE 0.5000
LOAN 0000022054456
LAST_NAME MELENDEZ
ADDRESS 125 S TAFT AVENUE
CITY CHALFONT
STATE PA
ZIP 189140000
MORT $124,600.00
BAL $ 123,175.65
RATE 7.250
PAI $ 1,462.82
CLTV 77.875
MATURITY 80316
FEE 0.5000
LOAN 0000022054472
LAST_NAME WRIGHT
ADDRESS 12808 CAMBLETON DRIVE
CITY UPPER MARLB
STATE MD
ZIP 207740000
MORT $131,750.00
BAL $ 131,328.25
RATE 8.500
PAI $ 1,143.36
CLTV 85.000
MATURITY 180316
FEE 0.5000
LOAN 0000022054480
LAST_NAME SWICEGOOD
ADDRESS 126 KING STREET
CITY KINGSTON
STATE TN
ZIP 377630000
MORT $ 56,000.00
BAL $ 56,000.00
RATE 8.100
PAI $ 538.40
CLTV 80.000
MATURITY 130407
FEE 0.5000
LOAN 0000022054506
LAST_NAME WOLFE
ADDRESS 610 WEST PARMENTER STREET
CITY LAMAR
STATE CO
ZIP 810520000
MORT $ 31,900.00
BAL $ 31,900.00
RATE 8.500
PAI $ 395.51
CLTV 75.952
MATURITY 80507
FEE 0.5000
LOAN 0000022054514
LAST_NAME MAY
ADDRESS 3328 ERIN AVENUE
CITY CLEVELAND
STATE OH
ZIP 441130000
MORT $ 31,950.00
BAL $ 31,950.00
RATE 10.750
PAI $ 324.37
CLTV 85.000
MATURITY 180427
FEE 0.5000
LOAN 0000022054522
LAST_NAME MELHORN
ADDRESS 11 MAPLE STREET
CITY MUSE
STATE PA
ZIP 153500000
MORT $ 36,975.00
BAL $ 36,917.86
RATE 8.750
PAI $ 326.75
CLTV 85.000
MATURITY 180501
FEE 0.5000
LOAN 0000022054555
LAST_NAME WILLIAMS
ADDRESS 131 WAVERLY STREET
CITY SPRINGVILLE
STATE NY
ZIP 141410000
MORT $ 15,800.00
BAL $ 15,800.00
RATE 8.990
PAI $ 200.06
CLTV 23.939
MATURITY 80430
FEE 0.5000
LOAN 0000022054563
LAST_NAME PHILLIPS
ADDRESS 1761 MELLOW ROAD
CITY NEWPORT
STATE TN
ZIP 378210000
MORT $ 60,000.00
BAL $ 60,000.00
RATE 8.600
PAI $ 747.13
CLTV 68.181
MATURITY 80420
FEE 0.5000
LOAN 0000022054589
LAST_NAME HOWARD
ADDRESS 600 WHITE OAK ROAD
CITY CLEVELAND
STATE TN
ZIP 373230000
MORT $ 68,400.00
BAL $ 68,344.22
RATE 10.400
PAI $ 620.57
CLTV 86.582
MATURITY 130313
FEE 0.5000
LOAN 0000022054605
LAST_NAME BROOMELL
ADDRESS 1000 NESBITT ROAD
CITY COLORA
STATE MD
ZIP 219170000
MORT $ 18,870.00
BAL $ 18,615.85
RATE 8.400
PAI $ 386.24
CLTV 79.997
MATURITY 30406
FEE 0.5000
LOAN 0000022054613
LAST_NAME WIENHORST
ADDRESS 820 S O'BRIEN STREET
CITY SEYMOUR
STATE IN
ZIP 472740000
MORT $ 61,600.00
BAL $ 61,600.00
RATE 8.990
PAI $ 553.84
CLTV 80.000
MATURITY 180424
FEE 0.5000
LOAN 0000022054621
LAST_NAME HOLT
ADDRESS 634 DUNBERRY DRIVE
CITY ARNOLD
STATE MD
ZIP 210120000
MORT $180,000.00
BAL $ 179,885.12
RATE 8.250
PAI $ 1,352.28
CLTV 72.000
MATURITY 130401
FEE 0.5000
LOAN 0000022054639
LAST_NAME SMITH
ADDRESS 1809 E OLD TOPSIDE ROAD
CITY LOUISVILLE
STATE TN
ZIP 377770000
MORT $ 33,000.00
BAL $ 33,000.00
RATE 9.900
PAI $ 434.27
CLTV 65.633
MATURITY 80427
FEE 0.5000
LOAN 0000022054647
LAST_NAME GOOD
ADDRESS 5980 WEBBS PLACE
CITY HUGHESVILLE
STATE MD
ZIP 206370000
MORT $149,175.00
BAL $ 149,175.00
RATE 9.450
PAI $ 1,248.91
CLTV 85.242
MATURITY 130420
FEE 0.5000
LOAN 0000022054654
LAST_NAME MAIKE
ADDRESS 15154 BRICK ROAD
CITY GRANGER
STATE IN
ZIP 465300000
MORT $ 66,000.00
BAL $ 64,416.66
RATE 10.490
PAI $ 729.16
CLTV 74.590
MATURITY 120701
FEE 0.5000
LOAN 0000022054662
LAST_NAME GIBSON
ADDRESS 639 SIXTEENTH AVENUE
CITY PROSPECT PA
STATE PA
ZIP 190760000
MORT $ 30,500.00
BAL $ 30,500.00
RATE 9.100
PAI $ 311.17
CLTV 33.153
MATURITY 130417
FEE 0.5000
LOAN 0000022054670
LAST_NAME HEATH
ADDRESS 1711 DALE LANE
CITY SALISBURY
STATE MD
ZIP 218010000
MORT $ 52,700.00
BAL $ 52,669.68
RATE 8.750
PAI $ 414.59
CLTV 85.000
MATURITY 130325
FEE 0.5000
LOAN 0000022054688
LAST_NAME HORNUNG
ADDRESS 894 N IDELWILD STREET
CITY MEMPHIS
STATE TN
ZIP 381070000
MORT $ 70,550.00
BAL $ 70,258.41
RATE 8.400
PAI $ 607.79
CLTV 85.000
MATURITY 180224
FEE 0.5000
LOAN 0000022054696
LAST_NAME GODDARD
ADDRESS 565 KEENELAND BOULEVARD
CITY SEYMOUR
STATE TN
ZIP 378650000
MORT $ 93,750.00
BAL $ 93,750.00
RATE 9.150
PAI $ 764.47
CLTV 75.000
MATURITY 130410
FEE 0.5000
LOAN 0000022054712
LAST_NAME HILL
ADDRESS 1022 KEVIN ROAD
CITY BALTIMORE
STATE MD
ZIP 212290000
MORT $ 58,650.00
BAL $ 57,897.55
RATE 9.500
PAI $ 612.44
CLTV 85.000
MATURITY 121201
FEE 0.5000
LOAN 0000022054746
LAST_NAME GREEN
ADDRESS 1916 LAKETON ROAD
CITY PITTSBURGH
STATE PA
ZIP 152210000
MORT $ 26,000.00
BAL $ 26,000.00
RATE 10.800
PAI $ 292.26
CLTV 49.056
MATURITY 130423
FEE 0.5000
LOAN 0000022054761
LAST_NAME LARKIN
ADDRESS 383 NICHOLS STREET
CITY CARMEL
STATE NY
ZIP 105120000
MORT $ 65,800.00
BAL $ 65,800.00
RATE 9.850
PAI $ 864.10
CLTV 51.905
MATURITY 80430
FEE 0.5000
LOAN 0000022054852
LAST_NAME BEAUREGARD
ADDRESS 68 PLEASANT STREET
CITY NORTHBOROUG
STATE MA
ZIP 015320000
MORT $ 26,000.00
BAL $ 26,000.00
RATE 10.990
PAI $ 295.35
CLTV 8.256
MATURITY 130504
FEE 0.5000
LOAN 0000022054910
LAST_NAME TIRK
ADDRESS 9316 BEECH AVENUE
CITY BROOKLYN
STATE OH
ZIP 441440000
MORT $ 96,600.00
BAL $ 96,600.00
RATE 8.990
PAI $ 776.58
CLTV 77.590
MATURITY 130420
FEE 0.5000
LOAN 0000022055057
LAST_NAME MANIGOULT
ADDRESS 134-44 230TH STREET
CITY JAMAICA
STATE NY
ZIP 114130000
MORT $140,000.00
BAL $ 139,923.36
RATE 8.990
PAI $ 1,125.47
CLTV 84.848
MATURITY 280424
FEE 0.5000
LOAN 0000022055131
LAST_NAME ROBERTS
ADDRESS 483 18TH STREET
CITY BROOKLYN
STATE NY
ZIP 112150000
MORT $ 55,000.00
BAL $ 55,000.00
RATE 8.325
PAI $ 416.11
CLTV 33.333
MATURITY 280421
FEE 0.5000
LOAN 0000022055263
LAST_NAME LEBEAU
ADDRESS 4 TREMBLAY AVENUE
CITY PLATTSBURGH
STATE NY
ZIP 129010000
MORT $ 15,500.00
BAL $ 15,500.00
RATE 10.990
PAI $ 176.08
CLTV 79.985
MATURITY 130422
FEE 0.5000
LOAN 0000022055289
LAST_NAME MCMULLAN
ADDRESS 256-08 58 TH AVENUE
CITY LITTLE NECK
STATE NY
ZIP 113620000
MORT $144,000.00
BAL $ 144,000.00
RATE 8.350
PAI $ 1,405.39
CLTV 54.339
MATURITY 130429
FEE 0.5000
LOAN 0000022055305
LAST_NAME MARTELL
ADDRESS 313 LINDEN STREET
CITY BROOKLYN
STATE NY
ZIP 112370000
MORT $ 68,500.00
BAL $ 68,500.00
RATE 9.500
PAI $ 715.29
CLTV 36.052
MATURITY 130430
FEE 0.5000
LOAN 0000022055347
LAST_NAME QUINZI
ADDRESS 17 DENSMORE AVENUE
CITY AUBURN
STATE NY
ZIP 130210000
MORT $ 26,400.00
BAL $ 26,400.00
RATE 9.850
PAI $ 252.15
CLTV 77.666
MATURITY 180428
FEE 0.5000
LOAN 0000022055370
LAST_NAME WALDON
ADDRESS 2571 WILDLIFE ROAD
CITY VALE
STATE NC
ZIP 281680000
MORT $ 55,985.00
BAL $ 55,985.00
RATE 9.990
PAI $ 508.35
CLTV 70.867
MATURITY 230417
FEE 0.5000
LOAN 0000022055552
LAST_NAME METZ
ADDRESS 505 S 3RD STREET
CITY FAIRBURY
STATE IL
ZIP 617390000
MORT $ 47,040.00
BAL $ 47,040.00
RATE 9.490
PAI $ 395.19
CLTV 80.000
MATURITY 280423
FEE 0.5000
Page 64
<PAGE>
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
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LOAN 0000022055644
LAST_NAME NEAL
ADDRESS 13110 RIDGE ROAD
CITY ALBION
STATE NY
ZIP 144110000
MORT $ 40,800.00
BAL $ 40,800.00
RATE 8.990
PAI $ 366.83
CLTV 80.000
MATURITY 180430
FEE 0.5000
LOAN 0000022055651
LAST_NAME LLOYD
ADDRESS 1393 HILLSBORO ST
CITY PITTSBORO
STATE NC
ZIP 273120000
MORT $ 66,800.00
BAL $ 66,800.00
RATE 9.900
PAI $ 581.29
CLTV 77.674
MATURITY 280501
FEE 0.5000
LOAN 0000022055693
LAST_NAME STRIEGEL
ADDRESS 7176 W WEST AVENUE
CITY W.TERRE HAU
STATE IN
ZIP 478850000
MORT $ 55,675.00
BAL $ 55,675.00
RATE 8.950
PAI $ 499.14
CLTV 85.653
MATURITY 180513
FEE 0.5000
LOAN 0000022055792
LAST_NAME JACQUEZ
ADDRESS 14617 LIVINGSTON ROAD
CITY ACCOKEEK
STATE MD
ZIP 206070000
MORT $ 19,500.00
BAL $ 19,441.21
RATE 11.750
PAI $ 230.91
CLTV 71.287
MATURITY 130420
FEE 0.5000
LOAN 0000022055834
LAST_NAME BYRON
ADDRESS 265 MARSHALL AVENUE
CITY WEST HEMPST
STATE NY
ZIP 115520000
MORT $123,750.00
BAL $ 123,750.00
RATE 8.500
PAI $ 1,073.93
CLTV 75.000
MATURITY 180428
FEE 0.5000
LOAN 0000022055867
LAST_NAME ZELETSKI
ADDRESS 432 ISABELLA AVEUNE
CITY CHARLEROI
STATE PA
ZIP 150220000
MORT $ 63,000.00
BAL $ 63,000.00
RATE 8.990
PAI $ 638.62
CLTV 77.300
MATURITY 130420
FEE 0.5000
LOAN 0000022055909
LAST_NAME BAILLARGEON
ADDRESS 2758 80TH ST
CITY FREDERIC
STATE WI
ZIP 548370000
MORT $ 89,100.00
BAL $ 89,100.00
RATE 9.750
PAI $ 765.51
CLTV 90.000
MATURITY 130414
FEE 0.5000
LOAN 0000022055933
LAST_NAME BAILEY
ADDRESS 1834 FISCHER ROAD
CITY SHARPSBURG
STATE GA
ZIP 302770000
MORT $ 44,200.00
BAL $ 44,200.00
RATE 8.990
PAI $ 559.67
CLTV 73.666
MATURITY 80511
FEE 0.5000
LOAN 0000022055966
LAST_NAME HUSTY
ADDRESS 26 RAMBLESIDE DRIVE
CITY MANSFIELD
STATE OH
ZIP 449070000
MORT $ 23,400.00
BAL $ 23,400.00
RATE 9.000
PAI $ 188.29
CLTV 34.411
MATURITY 280423
FEE 0.5000
LOAN 0000022055974
LAST_NAME LEA
ADDRESS 5359 EAST 124TH STREET
CITY GARFIELD HE
STATE OH
ZIP 441250000
MORT $ 48,000.00
BAL $ 48,000.00
RATE 8.850
PAI $ 427.25
CLTV 57.142
MATURITY 180420
FEE 0.5000
LOAN 0000022056063
LAST_NAME TUCKER
ADDRESS 401 EDGE ROAD
CITY AYDEN
STATE NC
ZIP 285130000
MORT $ 17,000.00
BAL $ 17,000.00
RATE 7.990
PAI $ 142.09
CLTV 35.416
MATURITY 180422
FEE 0.5000
LOAN 0000022056071
LAST_NAME HENDERSON
ADDRESS 241 PARRIS OLIVER DRIVE
CITY CAMPOBELLO
STATE SC
ZIP 293220000
MORT $ 73,800.00
BAL $ 73,800.00
RATE 10.640
PAI $ 743.76
CLTV 90.000
MATURITY 180415
FEE 0.5000
LOAN 0000022056147
LAST_NAME KAUFMAN
ADDRESS 423 BROADWAY
CITY LAWRENCE
STATE NY
ZIP 115590000
MORT $ 65,800.00
BAL $ 65,800.00
RATE 9.990
PAI $ 634.55
CLTV 57.770
MATURITY 180513
FEE 0.5000
LOAN 0000022056188
LAST_NAME WOLFE
ADDRESS 710 MAIN STREET
CITY RUSHVILLE
STATE MO
ZIP 644840000
MORT $ 28,900.00
BAL $ 28,900.00
RATE 8.990
PAI $ 292.96
CLTV 85.000
MATURITY 130420
FEE 0.5000
LOAN 0000022056196
LAST_NAME MAUSTELLER
ADDRESS BOX 351
CITY BLOOMSBURG
STATE PA
ZIP 178150000
MORT $106,250.00
BAL $ 106,250.00
RATE 8.750
PAI $ 835.87
CLTV 80.798
MATURITY 280501
FEE 0.5000
LOAN 0000022056204
LAST_NAME ROGERS
ADDRESS RT4BOX618 BETHEL CHUR
CITY LAURENS
STATE SC
ZIP 293600000
MORT $ 32,000.00
BAL $ 32,000.00
RATE 9.390
PAI $ 266.51
CLTV 78.048
MATURITY 280429
FEE 0.5000
LOAN 0000022056212
LAST_NAME BRYSON
ADDRESS 47 CALVARY STREET
CITY WAYNESVILLE
STATE NC
ZIP 287860000
MORT $ 58,650.00
BAL $ 58,650.00
RATE 10.750
PAI $ 657.44
CLTV 85.000
MATURITY 130505
FEE 0.5000
LOAN 0000022056220
LAST_NAME HOLLIFIELD
ADDRESS 2214 MCCRAW ROAD
CITY MOORESBORO
STATE NC
ZIP 281140000
MORT $ 61,500.00
BAL $ 61,500.00
RATE 11.100
PAI $ 638.99
CLTV 84.246
MATURITY 180429
FEE 0.5000
LOAN 0000022056253
LAST_NAME ROGERS
ADDRESS 200 ROBYN DRIVE
CITY WINCHESTER
STATE KY
ZIP 403910000
MORT $ 69,500.00
BAL $ 69,500.00
RATE 8.650
PAI $ 609.76
CLTV 78.089
MATURITY 180422
FEE 0.5000
LOAN 0000022056261
LAST_NAME COOK
ADDRESS 1803 DODGE CIRCLE NORTH
CITY MELBOURNE
STATE FL
ZIP 329350000
MORT $ 16,600.00
BAL $ 16,600.00
RATE 8.350
PAI $ 204.49
CLTV 25.538
MATURITY 80513
FEE 0.5000
LOAN 0000022056279
LAST_NAME HAWKS
ADDRESS 5484 E ORANGE
CITY INDIANAPOLI
STATE IN
ZIP 462030000
MORT $ 47,200.00
BAL $ 47,200.00
RATE 8.700
PAI $ 470.35
CLTV 80.000
MATURITY 130515
FEE 0.5000
LOAN 0000022056287
LAST_NAME ARRINGTON
ADDRESS 4220 FORT DUPONT TERRACE,
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $ 90,000.00
BAL $ 89,881.32
RATE 9.990
PAI $ 867.93
CLTV 90.000
MATURITY 180415
FEE 0.5000
LOAN 0000022056311
LAST_NAME KANISH
ADDRESS 43 BEECH STREET
CITY MUSE
STATE PA
ZIP 153500000
MORT $ 25,000.00
BAL $ 25,000.00
RATE 8.590
PAI $ 193.83
CLTV 62.500
MATURITY 130518
FEE 0.5000
LOAN 0000022056360
LAST_NAME PEASE-DIAZ
ADDRESS 129 DORMAR DRIVE
CITY NORTH SYRAC
STATE NY
ZIP 132120000
MORT $ 16,400.00
BAL $ 16,400.00
RATE 9.850
PAI $ 215.37
CLTV 76.753
MATURITY 80513
FEE 0.5000
LOAN 0000022056378
LAST_NAME WILSON
ADDRESS 1905 SAVANNAH PLACE SE
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $ 15,000.00
BAL $ 14,984.83
RATE 12.000
PAI $ 165.17
CLTV 73.289
MATURITY 180417
FEE 0.5000
LOAN 0000022056394
LAST_NAME MASON
ADDRESS 3204 WESTWOOD AVENUE
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $ 32,000.00
BAL $ 31,915.43
RATE 9.000
PAI $ 324.57
CLTV 59.259
MATURITY 130422
FEE 0.5000
LOAN 0000022056402
LAST_NAME MERCER
ADDRESS 19605 WESTERLY AVENUE
CITY POOLESVILLE
STATE MD
ZIP 208370000
MORT $ 33,000.00
BAL $ 33,000.00
RATE 9.640
PAI $ 347.39
CLTV 74.668
MATURITY 130501
FEE 0.5000
LOAN 0000022056428
LAST_NAME THOMAS
ADDRESS 10757 JUDY LANE
CITY COLUMBIA
STATE MD
ZIP 210440000
MORT $142,700.00
BAL $ 142,700.00
RATE 11.240
PAI $ 1,496.32
CLTV 84.976
MATURITY 180502
FEE 0.5000
LOAN 0000022056469
LAST_NAME ISOM
ADDRESS 4305 NEW YORK STATE RTE 2
CITY SALEM
STATE NY
ZIP 128650000
MORT $ 70,000.00
BAL $ 70,000.00
RATE 8.500
PAI $ 607.48
CLTV 66.666
MATURITY 180430
FEE 0.5000
LOAN 0000022056477
LAST_NAME KUZMISSION
ADDRESS 1022 S 17TH STREET
CITY TERRE HAUTE
STATE IN
ZIP 478070000
MORT $ 22,000.00
BAL $ 22,000.00
RATE 8.600
PAI $ 217.94
CLTV 57.142
MATURITY 130511
FEE 0.5000
LOAN 0000022056493
LAST_NAME SMITH
ADDRESS 11907 PROGRESS LANE
CITY MITCHELLVIL
STATE MD
ZIP 207210000
MORT $280,000.00
BAL $ 279,811.74
RATE 7.990
PAI $ 2,052.59
CLTV 80.000
MATURITY 280404
FEE 0.5000
LOAN 0000022056527
LAST_NAME LEHMAN
ADDRESS 704 METZEN STREET
CITY HARVARD
STATE IL
ZIP 600330000
MORT $ 85,900.00
BAL $ 85,900.00
RATE 8.350
PAI $ 737.33
CLTV 78.090
MATURITY 180423
FEE 0.5000
LOAN 0000022056543
LAST_NAME FOUST
ADDRESS 966 HILL TOP ROAD
CITY ARNOLD
STATE MD
ZIP 210120000
MORT $ 33,500.00
BAL $ 33,500.00
RATE 9.490
PAI $ 349.61
CLTV 78.046
MATURITY 130507
FEE 0.5000
LOAN 0000022056550
LAST_NAME KRINGS
ADDRESS BOX 2810
CITY SUMMIT
STATE NY
ZIP 121750000
MORT $ 12,900.00
BAL $ 12,900.00
RATE 8.500
PAI $ 159.94
CLTV 23.888
MATURITY 80430
FEE 0.5000
LOAN 0000022056568
LAST_NAME PROUSE
ADDRESS 705 HAYES CROSSING ROAD
CITY GILBERT
STATE SC
ZIP 290540000
MORT $ 96,300.00
BAL $ 96,300.00
RATE 10.250
PAI $ 862.95
CLTV 90.000
MATURITY 280403
FEE 0.5000
LOAN 0000022056576
LAST_NAME SADLER
ADDRESS 706 MADISON AVENUE
CITY CARY
STATE NC
ZIP 275130000
MORT $ 65,000.00
BAL $ 65,000.00
RATE 8.750
PAI $ 649.64
CLTV 54.621
MATURITY 130512
FEE 0.5000
LOAN 0000022056592
LAST_NAME BAGGETT
ADDRESS 3371 MAPLEHURST DRIVE
CITY DECATUR
STATE GA
ZIP 300320000
MORT $ 59,200.00
BAL $ 59,200.00
RATE 8.990
PAI $ 532.26
CLTV 80.000
MATURITY 180506
FEE 0.5000
LOAN 0000022056618
LAST_NAME STAUF
ADDRESS 9269 MARANDA DRIVE
CITY SANTEE
STATE CA
ZIP 920710000
MORT $ 74,000.00
BAL $ 74,000.00
RATE 8.500
PAI $ 917.49
CLTV 54.814
MATURITY 80422
FEE 0.5000
LOAN 0000022056642
LAST_NAME LANCASTER
ADDRESS 580 DENNIS AVENUE
CITY BRADLEY
STATE IL
ZIP 609150000
MORT $ 51,800.00
BAL $ 51,800.00
RATE 8.500
PAI $ 449.53
CLTV 62.409
MATURITY 180421
FEE 0.5000
LOAN 0000022056659
LAST_NAME HAPPELL
ADDRESS 6 DANA STREET
CITY SILVER CREE
STATE NY
ZIP 141360000
MORT $ 39,200.00
BAL $ 39,200.00
RATE 8.350
PAI $ 382.58
CLTV 56.000
MATURITY 130430
FEE 0.5000
LOAN 0000022056691
LAST_NAME CASHMAN
ADDRESS 6 HEMLOCK DRIVE
CITY CANTON
STATE MA
ZIP 020210000
MORT $ 45,000.00
BAL $ 45,000.00
RATE 10.990
PAI $ 511.19
CLTV 79.773
MATURITY 130520
FEE 0.5000
Page 66
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022056741
LAST_NAME FRAZIER
ADDRESS 8037 S. STATE
CITY CHICAGO
STATE IL
ZIP 606190000
MORT $ 88,000.00
BAL $ 87,767.24
RATE 8.990
PAI $ 892.04
CLTV 80.000
MATURITY 130325
FEE 0.5000
LOAN 0000022056782
LAST_NAME BUMPAS
ADDRESS 905 SWANNANOA AVENUE
CITY LIBERTY
STATE NC
ZIP 272980000
MORT $ 33,750.00
BAL $ 33,701.71
RATE 9.740
PAI $ 289.72
CLTV 75.000
MATURITY 280204
FEE 0.5000
LOAN 0000022056790
LAST_NAME FRANKLIN
ADDRESS 307 S HUGHES STREET
CITY APEX
STATE NC
ZIP 275020000
MORT $ 72,250.00
BAL $ 72,250.00
RATE 10.990
PAI $ 745.26
CLTV 85.000
MATURITY 180501
FEE 0.5000
LOAN 0000022056816
LAST_NAME PASLEY
ADDRESS 6306 NE GLISAN STREET
CITY PORTLAND
STATE OR
ZIP 972130000
MORT $ 44,500.00
BAL $ 44,377.68
RATE 13.915
PAI $ 590.10
CLTV 76.545
MATURITY 130316
FEE 0.5000
LOAN 0000022056824
LAST_NAME DICKENS-FICK
ADDRESS 12308 SURREY CIRCLE DRIVE
CITY FORT WASHIN
STATE MD
ZIP 207440000
MORT $147,000.00
BAL $ 147,000.00
RATE 8.990
PAI $ 1,321.65
CLTV 63.913
MATURITY 180421
FEE 0.5000
LOAN 0000022056832
LAST_NAME SALYERS
ADDRESS 351 FIRST STREET
CITY MORROW
STATE OH
ZIP 451520000
MORT $ 30,000.00
BAL $ 30,000.00
RATE 9.650
PAI $ 255.55
CLTV 41.095
MATURITY 130429
FEE 0.5000
LOAN 0000022056840
LAST_NAME DRAHEIM
ADDRESS 41115 JESSE DRIVE
CITY MECHANICSVI
STATE MD
ZIP 206590000
MORT $180,000.00
BAL $ 180,000.00
RATE 8.500
PAI $ 1,562.08
CLTV 80.000
MATURITY 180527
FEE 0.5000
LOAN 0000022056865
LAST_NAME ENG
ADDRESS 1101 CARL DRIVE
CITY BAY SHORE
STATE NY
ZIP 117060000
MORT $ 26,500.00
BAL $ 26,500.00
RATE 10.990
PAI $ 301.03
CLTV 84.862
MATURITY 130422
FEE 0.5000
LOAN 0000022056899
LAST_NAME OSBORN
ADDRESS 1017 EMERSON DR
CITY DUNEDIN
STATE FL
ZIP 346980000
MORT $ 45,500.00
BAL $ 45,395.62
RATE 8.990
PAI $ 365.79
CLTV 63.194
MATURITY 130311
FEE 0.5000
LOAN 0000022056907
LAST_NAME MITCHELL
ADDRESS 2821 63RD AVE.
CITY LANDOVER
STATE MD
ZIP 207850000
MORT $116,000.00
BAL $ 116,000.00
RATE 8.750
PAI $ 1,025.10
CLTV 80.000
MATURITY 180501
FEE 0.5000
LOAN 0000022056915
LAST_NAME MOORE
ADDRESS 1760 PAYNE ROAD
CITY GRAHAM
STATE NC
ZIP 272530000
MORT $ 67,200.00
BAL $ 67,159.12
RATE 9.390
PAI $ 559.67
CLTV 80.000
MATURITY 280318
FEE 0.5000
LOAN 0000022056923
LAST_NAME MOSSOTTI
ADDRESS 6655 E SORRELL HILL ROAD
CITY WARNERS
STATE NY
ZIP 131640000
MORT $ 27,600.00
BAL $ 27,600.00
RATE 9.850
PAI $ 362.45
CLTV 74.890
MATURITY 80430
FEE 0.5000
LOAN 0000022056931
LAST_NAME PIANIN
ADDRESS 243-12 72ND AVENUE
CITY DOUGLASTON
STATE NY
ZIP 113620000
MORT $ 38,000.00
BAL $ 38,000.00
RATE 8.500
PAI $ 329.77
CLTV 10.704
MATURITY 180427
FEE 0.5000
LOAN 0000022056949
LAST_NAME YANCEY
ADDRESS 1741 LOVE TOWN RD.
CITY BUFFALO JUN
STATE VA
ZIP 245290000
MORT $ 53,000.00
BAL $ 53,000.00
RATE 10.950
PAI $ 502.73
CLTV 75.714
MATURITY 130520
FEE 0.5000
LOAN 0000022056956
LAST_NAME HALES
ADDRESS 1 TURNER STREET
CITY FAYETTEVIIL
STATE NC
ZIP 283310000
MORT $ 51,600.00
BAL $ 51,600.00
RATE 9.590
PAI $ 437.28
CLTV 78.181
MATURITY 130323
FEE 0.5000
LOAN 0000022056964
LAST_NAME JENNINGS
ADDRESS 548 SPRUCE STREET
CITY LUMBERTON
STATE NC
ZIP 283580000
MORT $ 39,600.00
BAL $ 39,528.66
RATE 8.990
PAI $ 318.35
CLTV 80.000
MATURITY 130323
FEE 0.5000
LOAN 0000022056980
LAST_NAME NIEVES
ADDRESS 6621 121ST AVE N #A
CITY LARGO
STATE FL
ZIP 337730000
MORT $ 49,800.00
BAL $ 48,637.92
RATE 10.990
PAI $ 565.72
CLTV 72.173
MATURITY 130401
FEE 0.5000
LOAN 0000022056998
LAST_NAME SIMMS
ADDRESS 1810 TAYLOR ST. NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $ 36,000.00
BAL $ 36,000.00
RATE 9.250
PAI $ 296.16
CLTV 26.277
MATURITY 130505
FEE 0.5000
LOAN 0000022057012
LAST_NAME WYSONG
ADDRESS 8766 94TH AVE E
CITY LARGO
STATE FL
ZIP 337770000
MORT $ 24,000.00
BAL $ 23,908.90
RATE 8.990
PAI $ 303.90
CLTV 48.000
MATURITY 80401
FEE 0.5000
LOAN 0000022057020
LAST_NAME JAMES
ADDRESS 416 TOPEKA AVE.
CITY CAPTIAL HIE
STATE MD
ZIP 207430000
MORT $ 82,800.00
BAL $ 82,800.00
RATE 11.250
PAI $ 804.20
CLTV 90.000
MATURITY 130511
FEE 0.5000
LOAN 0000022057038
LAST_NAME GARREN
ADDRESS 1309 GARREN ROAD
CITY BELTON
STATE SC
ZIP 296270000
MORT $ 44,000.00
BAL $ 43,702.71
RATE 8.990
PAI $ 446.02
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000022057046
LAST_NAME STAIGER
ADDRESS RT 2 BOX 127
CITY MOBERLY
STATE MO
ZIP 652700000
MORT $ 72,800.00
BAL $ 72,735.19
RATE 9.990
PAI $ 638.33
CLTV 80.000
MATURITY 130302
FEE 0.5000
LOAN 0000022057061
LAST_NAME NEWSOME
ADDRESS 3406 MORRIS FARM DRIVE
CITY GREENSBORO
STATE NC
ZIP 274090000
MORT $136,000.00
BAL $ 135,994.14
RATE 10.990
PAI $ 1,294.14
CLTV 85.000
MATURITY 130317
FEE 0.5000
LOAN 0000022057087
LAST_NAME SAMBOLA
ADDRESS 3417 W METAIRIE SOUTH
CITY METAIRIE
STATE LA
ZIP 700010000
MORT $ 45,000.00
BAL $ 44,960.78
RATE 10.840
PAI $ 506.97
CLTV 76.739
MATURITY 130323
FEE 0.5000
LOAN 0000022057145
LAST_NAME DANIEL
ADDRESS 3003 COVINGTON LAKE DRIVE
CITY FORT WAYNE
STATE IN
ZIP 468040000
MORT $250,000.00
BAL $ 250,000.00
RATE 9.875
PAI $ 2,170.88
CLTV 74.183
MATURITY 280427
FEE 0.5000
LOAN 0000022057178
LAST_NAME JONES
ADDRESS 85 ANN AVENUE
CITY BATTLE CREE
STATE MI
ZIP 490150000
MORT $ 40,000.00
BAL $ 40,000.00
RATE 10.375
PAI $ 439.07
CLTV 61.538
MATURITY 130506
FEE 0.5000
LOAN 0000022057194
LAST_NAME WILES
ADDRESS 830 CHADWICK CIRCLE
CITY FREDERICK
STATE MD
ZIP 217010000
MORT $ 66,300.00
BAL $ 66,300.00
RATE 9.675
PAI $ 565.98
CLTV 85.000
MATURITY 130506
FEE 0.5000
LOAN 0000022057210
LAST_NAME POLLOCK
ADDRESS 2907 VINTON AVE.
CITY ROCKFORD
STATE IL
ZIP 611010000
MORT $ 30,500.00
BAL $ 30,500.00
RATE 9.950
PAI $ 326.83
CLTV 80.214
MATURITY 130504
FEE 0.5000
LOAN 0000022057343
LAST_NAME WOODARD
ADDRESS 6061 NC HIGHWAY 11
CITY WILLARD
STATE NC
ZIP 284780000
MORT $108,375.00
BAL $ 108,110.07
RATE 9.690
PAI $ 1,023.69
CLTV 85.000
MATURITY 180325
FEE 0.5000
LOAN 0000022057350
LAST_NAME ANDREWS
ADDRESS 23 AVERY ROAD
CITY POCASSET
STATE MA
ZIP 025590000
MORT $100,000.00
BAL $ 100,000.00
RATE 9.900
PAI $ 1,068.50
CLTV 79.365
MATURITY 130511
FEE 0.5000
LOAN 0000022057368
LAST_NAME HOLLEY
ADDRESS 1480 TALL TIMBER DRIVE
CITY TYLER
STATE TX
ZIP 757030000
MORT $ 64,280.95
BAL $ 63,652.10
RATE 10.599
PAI $ 870.95
CLTV 40.175
MATURITY 80323
FEE 0.5000
LOAN 0000022057392
LAST_NAME PYLE
ADDRESS 4952 CAREA ROAD
CITY WHITE HALL
STATE MD
ZIP 211610000
MORT $173,500.00
BAL $ 173,500.00
RATE 7.990
PAI $ 1,271.88
CLTV 77.111
MATURITY 280501
FEE 0.5000
LOAN 0000022057459
LAST_NAME WROSE
ADDRESS 1464 W PRINCETON AVE
CITY FLINT
STATE MI
ZIP 485050000
MORT $ 49,500.00
BAL $ 49,338.74
RATE 10.750
PAI $ 554.87
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000022057491
LAST_NAME JACKSON
ADDRESS 9103 HOBART STREET
CITY LANDOVER
STATE MD
ZIP 207850000
MORT $ 95,200.00
BAL $ 95,200.00
RATE 8.750
PAI $ 748.94
CLTV 80.000
MATURITY 130513
FEE 0.5000
LOAN 0000022057509
LAST_NAME ROBINSON
ADDRESS 1485-B FORT JACKSON ROAD
CITY LUGOFF
STATE SC
ZIP 290780000
MORT $ 72,250.00
BAL $ 72,213.10
RATE 10.590
PAI $ 665.77
CLTV 85.000
MATURITY 280325
FEE 0.5000
LOAN 0000022057624
LAST_NAME RAY
ADDRESS 2233 DELTA DR
CITY FAYETVILLE
STATE NC
ZIP 283040000
MORT $ 43,000.00
BAL $ 42,905.81
RATE 10.790
PAI $ 402.69
CLTV 82.692
MATURITY 130318
FEE 0.5000
LOAN 0000022057632
LAST_NAME JR ELLIS
ADDRESS 2310 AFTON ST
CITY HILLCREST H
STATE MD
ZIP 207480000
MORT $136,800.00
BAL $ 136,800.00
RATE 10.350
PAI $ 1,352.03
CLTV 90.000
MATURITY 180518
FEE 0.5000
LOAN 0000022057657
LAST_NAME FLOWERS
ADDRESS 770 CLINTON RIVER DRIVE
CITY MOUNT CLEME
STATE MI
ZIP 480430000
MORT $ 91,200.00
BAL $ 91,200.00
RATE 11.150
PAI $ 878.88
CLTV 80.000
MATURITY 130501
FEE 0.5000
LOAN 0000022057665
LAST_NAME HAWKINS-MORG
ADDRESS 1042 JOHNSON ST
CITY PORT ALLEN
STATE LA
ZIP 707670000
MORT $ 40,000.00
BAL $ 40,000.00
RATE 8.950
PAI $ 404.52
CLTV 80.000
MATURITY 130508
FEE 0.5000
LOAN 0000022057673
LAST_NAME ASHBY
ADDRESS 1187 WOODBRIDGE DR
CITY CLARKSVILLE
STATE TN
ZIP 370420000
MORT $ 29,200.00
BAL $ 29,146.96
RATE 9.490
PAI $ 304.74
CLTV 77.527
MATURITY 130320
FEE 0.5000
LOAN 0000022057715
LAST_NAME COLE
ADDRESS 616 RIVERBEND ROAD
CITY CLINTON
STATE TN
ZIP 377160000
MORT $117,800.00
BAL $ 117,800.00
RATE 10.900
PAI $ 1,112.95
CLTV 62.328
MATURITY 130310
FEE 0.5000
Page 66
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GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022057731
LAST_NAME HARRISON
ADDRESS 700 CLEVELAND
CITY MOBERLY
STATE MO
ZIP 652700000
MORT $ 27,200.00
BAL $ 27,097.89
RATE 11.490
PAI $ 317.58
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000022057749
LAST_NAME JOHNSON
ADDRESS 1461 1463 SOUTH MONROE ST
CITY DELAND
STATE FL
ZIP 327200000
MORT $ 40,000.00
BAL $ 39,821.72
RATE 9.450
PAI $ 334.89
CLTV 80.000
MATURITY 130427
FEE 0.5000
LOAN 0000022057764
LAST_NAME FOXWORTH
ADDRESS RT 4 BOX 513
CITY SUMMERTON
STATE SC
ZIP 291480000
MORT $ 43,200.00
BAL $ 43,051.48
RATE 10.990
PAI $ 490.74
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000022057772
LAST_NAME HILL
ADDRESS 1249 OWEN PLACE NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 15,000.00
BAL $ 15,000.00
RATE 12.800
PAI $ 173.60
CLTV 20.000
MATURITY 180511
FEE 0.5000
LOAN 0000022057806
LAST_NAME SANFORD
ADDRESS 460 BANNING STREET
CITY COPE
STATE SC
ZIP 290380000
MORT $ 52,275.00
BAL $ 52,191.68
RATE 10.830
PAI $ 491.13
CLTV 85.000
MATURITY 130310
FEE 0.5000
LOAN 0000022057822
LAST_NAME DUNBAR
ADDRESS 5409 MAYS DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $ 44,000.00
BAL $ 44,000.00
RATE 7.790
PAI $ 316.44
CLTV 80.000
MATURITY 130511
FEE 0.5000
LOAN 0000022057830
LAST_NAME JACKSON
ADDRESS 2247 SOUTH HAMLIN
CITY CHICAGO
STATE IL
ZIP 606230000
MORT $ 67,000.00
BAL $ 66,966.98
RATE 9.490
PAI $ 562.88
CLTV 70.526
MATURITY 130413
FEE 0.5000
LOAN 0000022057848
LAST_NAME DANN
ADDRESS 4338 N RIDGEWAY AVENUE
CITY CHICAGO
STATE IL
ZIP 606180000
MORT $ 16,950.00
BAL $ 16,574.95
RATE 14.804
PAI $ 272.44
CLTV 80.922
MATURITY 80217
FEE 0.5000
LOAN 0000022057855
LAST_NAME BAKER
ADDRESS 1363 NAZARETH ROAD
CITY LEXINGTON
STATE SC
ZIP 290730000
MORT $ 70,200.00
BAL $ 70,200.00
RATE 10.390
PAI $ 636.38
CLTV 90.000
MATURITY 280325
FEE 0.5000
LOAN 0000022057863
LAST_NAME MCNEILL
ADDRESS 7646 FERGUSON ROAD
CITY LIBERTY
STATE NC
ZIP 272980000
MORT $ 49,800.00
BAL $ 49,355.06
RATE 9.090
PAI $ 569.27
CLTV 76.615
MATURITY 100401
FEE 0.5000
LOAN 0000022057871
LAST_NAME OWNBY
ADDRESS 74 CHURCH STREET
CITY CHICKAMAUGA
STATE GA
ZIP 307070000
MORT $ 51,450.00
BAL $ 51,450.00
RATE 10.650
PAI $ 518.87
CLTV 79.153
MATURITY 180430
FEE 0.5000
LOAN 0000022057889
LAST_NAME AMES
ADDRESS 314 FRONT ST
CITY GRAIN VALLE
STATE MO
ZIP 640290000
MORT $ 35,275.00
BAL $ 35,212.32
RATE 12.990
PAI $ 413.02
CLTV 85.000
MATURITY 180310
FEE 0.5000
LOAN 0000022057897
LAST_NAME JONES
ADDRESS 3213 FIELDSTREAM DRIVE
CITY WILSON
STATE NC
ZIP 278960000
MORT $105,400.00
BAL $ 105,235.94
RATE 12.740
PAI $ 1,144.56
CLTV 85.000
MATURITY 130316
FEE 0.5000
LOAN 0000022057913
LAST_NAME GAGLIARDI
ADDRESS 375 BARTLETT AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103120000
MORT $ 51,000.00
BAL $ 50,906.33
RATE 12.900
PAI $ 641.92
CLTV 84.599
MATURITY 130401
FEE 0.5000
LOAN 0000022057970
LAST_NAME BORING
ADDRESS 935 21ST AVE N
CITY ST PETERSBU
STATE FL
ZIP 337130000
MORT $ 76,000.00
BAL $ 75,918.20
RATE 9.490
PAI $ 793.16
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000022058002
LAST_NAME CHRISTOPOULO
ADDRESS 1439 SE 10 AVENUE
CITY FT. LAUDERD
STATE FL
ZIP 333160000
MORT $ 42,700.00
BAL $ 42,537.75
RATE 8.700
PAI $ 375.99
CLTV 61.000
MATURITY 180427
FEE 0.5000
LOAN 0000022058010
LAST_NAME THORNTON
ADDRESS 7509 CLYDE ROAD
CITY CHATTANOOGA
STATE TN
ZIP 374210000
MORT $ 56,800.00
BAL $ 56,800.00
RATE 8.500
PAI $ 492.93
CLTV 80.000
MATURITY 180430
FEE 0.5000
LOAN 0000022058036
LAST_NAME SHARPE
ADDRESS 165 UHLAND TERRACE NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $ 13,500.00
BAL $ 13,490.15
RATE 11.290
PAI $ 155.91
CLTV 84.564
MATURITY 130323
FEE 0.5000
LOAN 0000022058044
LAST_NAME FAULKNER
ADDRESS 5211 99TH TERRACE
CITY PINELLAS PA
STATE FL
ZIP 337820000
MORT $ 58,400.00
BAL $ 58,400.00
RATE 8.950
PAI $ 590.60
CLTV 80.000
MATURITY 130428
FEE 0.5000
LOAN 0000022058069
LAST_NAME SHAW
ADDRESS 700 W ARCADIA LAKE DR
CITY COLUMBIA
STATE SC
ZIP 292060000
MORT $144,000.00
BAL $ 143,840.73
RATE 9.950
PAI $ 1,258.39
CLTV 90.000
MATURITY 280302
FEE 0.5000
LOAN 0000022058119
LAST_NAME HODGES
ADDRESS 337 HANCOCK ROAD,NE
CITY CLEVELAND
STATE TN
ZIP 373230000
MORT $ 67,300.00
BAL $ 67,122.14
RATE 9.000
PAI $ 682.61
CLTV 78.255
MATURITY 130420
FEE 0.5000
LOAN 0000022058135
LAST_NAME BUNDRICK
ADDRESS 251 HARVESTVIEW RD
CITY CHAPIN
STATE SC
ZIP 290360000
MORT $ 93,925.00
BAL $ 93,925.00
RATE 10.500
PAI $ 859.18
CLTV 85.000
MATURITY 280318
FEE 0.5000
LOAN 0000022058176
LAST_NAME WEBB
ADDRESS 213 WESTCHESTER ROAD
CITY WILMINGTON
STATE NC
ZIP 284090000
MORT $ 54,400.00
BAL $ 54,400.00
RATE 9.490
PAI $ 457.03
CLTV 80.000
MATURITY 130318
FEE 0.5000
LOAN 0000022058200
LAST_NAME BLACKMON
ADDRESS 1112 DELANO STREET
CITY DURHAM
STATE NC
ZIP 277030000
MORT $ 49,600.00
BAL $ 49,570.62
RATE 9.590
PAI $ 420.33
CLTV 80.000
MATURITY 130323
FEE 0.5000
LOAN 0000022058226
LAST_NAME RAMSEY
ADDRESS 8315 S SEELEY AVENUE
CITY CHICAGO
STATE IL
ZIP 606200000
MORT $ 82,400.00
BAL $ 82,400.00
RATE 10.690
PAI $ 920.58
CLTV 80.000
MATURITY 130512
FEE 0.5000
LOAN 0000022058234
LAST_NAME EZELL
ADDRESS 5703 NOLAND ROAD
CITY SHAWNEE
STATE KS
ZIP 662160000
MORT $ 60,000.00
BAL $ 59,869.93
RATE 14.862
PAI $ 834.10
CLTV 76.270
MATURITY 130320
FEE 0.5000
LOAN 0000022058242
LAST_NAME COATES
ADDRESS 1162 INDIAN SPRINGS ROAD
CITY MOUNT OLIVE
STATE NC
ZIP 283650000
MORT $ 56,250.00
BAL $ 55,964.44
RATE 8.490
PAI $ 553.59
CLTV 69.875
MATURITY 130316
FEE 0.5000
LOAN 0000022058259
LAST_NAME SCHWARTZ
ADDRESS 2450 CLEVELAND RD.
CITY ASHLEY
STATE MI
ZIP 488060000
MORT $ 31,680.00
BAL $ 31,680.00
RATE 12.620
PAI $ 392.95
CLTV 76.439
MATURITY 130417
FEE 0.5000
LOAN 0000022058267
LAST_NAME CHARLES
ADDRESS 910 CLAY STREET
CITY SUMTER
STATE SC
ZIP 291540000
MORT $ 45,600.00
BAL $ 45,506.62
RATE 8.990
PAI $ 366.59
CLTV 80.000
MATURITY 130325
FEE 0.5000
LOAN 0000022058275
LAST_NAME REDDICK
ADDRESS 6008 BRIGHTLEAF ROAD
CITY GOLDSBORO
STATE NC
ZIP 275300000
MORT $ 50,000.00
BAL $ 49,945.61
RATE 10.790
PAI $ 468.25
CLTV 80.000
MATURITY 130325
FEE 0.5000
LOAN 0000022058283
LAST_NAME ROYSE
ADDRESS 502 LIMEWOOD CIRCLE
CITY SEFFNER
STATE FL
ZIP 335840000
MORT $ 67,500.00
BAL $ 67,331.47
RATE 9.990
PAI $ 591.87
CLTV 90.000
MATURITY 130401
FEE 0.5000
LOAN 0000022058291
LAST_NAME BROWN
ADDRESS 2 BRANCH ST
CITY MANNING
STATE SC
ZIP 291020000
MORT $ 21,790.00
BAL $ 21,790.00
RATE 13.240
PAI $ 279.16
CLTV 72.304
MATURITY 130302
FEE 0.5000
LOAN 0000022058309
LAST_NAME TAYLOR
ADDRESS 1509 BRIAN STREET
CITY LEBANON
STATE TN
ZIP 370870000
MORT $110,500.00
BAL $ 110,348.40
RATE 9.390
PAI $ 1,146.55
CLTV 85.000
MATURITY 130401
FEE 0.5000
LOAN 0000022058317
LAST_NAME KONSDORF
ADDRESS 5522 RIVER REACH DR
CITY BELVIDERE
STATE IL
ZIP 610080000
MORT $ 47,500.00
BAL $ 47,419.88
RATE 14.861
PAI $ 660.30
CLTV 76.785
MATURITY 130401
FEE 0.5000
LOAN 0000022058325
LAST_NAME MALLIK
ADDRESS 317 NW 43RD PLACE
CITY POMPANO BEA
STATE FL
ZIP 330640000
MORT $ 72,000.00
BAL $ 71,959.85
RATE 9.990
PAI $ 631.33
CLTV 90.000
MATURITY 130323
FEE 0.5000
LOAN 0000022058333
LAST_NAME WESTMORELAND
ADDRESS 336 SCOTTRIDGE DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282170000
MORT $ 88,000.00
BAL $ 87,928.03
RATE 10.240
PAI $ 787.92
CLTV 80.000
MATURITY 130401
FEE 0.5000
LOAN 0000022058341
LAST_NAME BUSH
ADDRESS 1496 W. 5TH ST.
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $ 34,400.00
BAL $ 34,334.45
RATE 10.490
PAI $ 314.42
CLTV 71.666
MATURITY 130310
FEE 0.5000
LOAN 0000022058358
LAST_NAME HALL
ADDRESS 1740 IRVINGTON AVE
CITY EVANSVILLE
STATE IN
ZIP 477110000
MORT $ 41,250.00
BAL $ 41,194.22
RATE 11.250
PAI $ 475.35
CLTV 75.000
MATURITY 130401
FEE 0.5000
LOAN 0000022058408
LAST_NAME BREEDLOVE
ADDRESS 255 CLAPP FARMS ROAD
CITY GREENSBORO
STATE NC
ZIP 274050000
MORT $ 26,000.00
BAL $ 26,000.00
RATE 10.850
PAI $ 293.07
CLTV 77.393
MATURITY 130430
FEE 0.5000
LOAN 0000022058424
LAST_NAME MINTON
ADDRESS 1106 VAN SANT RD
CITY LEESVILLE
STATE SC
ZIP 290700000
MORT $ 61,650.00
BAL $ 61,550.26
RATE 10.490
PAI $ 563.48
CLTV 75.000
MATURITY 130309
FEE 0.5000
LOAN 0000022058531
LAST_NAME FARISH
ADDRESS 27450 HOLIDAY DRIVE
CITY DADE CITY
STATE FL
ZIP 335250000
MORT $ 34,780.00
BAL $ 34,717.05
RATE 8.850
PAI $ 349.67
CLTV 59.965
MATURITY 130330
FEE 0.5000
Page 67
<PAGE>
g 7/7/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE2
EXHIBIT 'C'
-----------
LOAN 0000022058549
LAST_NAME SHELTON
ADDRESS 176 DEAN DRIVE
CITY GEORGE TOWN
STATE TN
ZIP 373360000
MORT $ 13,000.00
BAL $ 13,000.00
RATE 10.650
PAI $ 176.51
CLTV 70.251
MATURITY 80513
FEE 0.5000
LOAN 0000022058556
LAST_NAME CHRISTIAN
ADDRESS 1857 SEA ISLE RD
CITY MEMPHIS
STATE TN
ZIP 381170000
MORT $ 46,500.00
BAL $ 46,500.00
RATE 8.950
PAI $ 416.88
CLTV 70.454
MATURITY 180505
FEE 0.5000
LOAN 0000022058572
LAST_NAME FARR
ADDRESS 11182 DOUBLEGATE
CITY EADS
STATE TN
ZIP 380280000
MORT $264,000.00
BAL $ 264,000.00
RATE 10.150
PAI $ 2,346.11
CLTV 80.000
MATURITY 130505
FEE 0.5000
LOAN 0000022058580
LAST_NAME MITCHELL
ADDRESS 13483 53RD CT NORTH
CITY ROYAL PALM
STATE FL
ZIP 334110000
MORT $ 68,000.00
BAL $ 68,000.00
RATE 9.450
PAI $ 631.64
CLTV 79.069
MATURITY 180505
FEE 0.5000
LOAN 0000022058606
LAST_NAME BRICE
ADDRESS 100 HURST ST
CITY WILLIAMSBUR
STATE VA
ZIP 231850000
MORT $ 65,000.00
BAL $ 65,000.00
RATE 9.850
PAI $ 563.23
CLTV 64.356
MATURITY 130520
FEE 0.5000
LOAN 0000022058630
LAST_NAME GREGORY
ADDRESS 714 VILLA PLACE
CITY BRANDON
STATE FL
ZIP 335100000
MORT $ 34,000.00
BAL $ 34,000.00
RATE 8.950
PAI $ 429.78
CLTV 56.666
MATURITY 80504
FEE 0.5000
LOAN 0000022058648
LAST_NAME JONES
ADDRESS 1049 TUCKWANNA DRIVE SW
CITY ATLANTA
STATE GA
ZIP 303110000
MORT $ 69,152.00
BAL $ 69,152.00
RATE 8.950
PAI $ 699.34
CLTV 62.865
MATURITY 130504
FEE 0.5000
LOAN 0000022058697
LAST_NAME COLLOPY
ADDRESS 4533 POLK CITY ROAD
CITY HAINES CITY
STATE FL
ZIP 338440000
MORT $ 72,000.00
BAL $ 72,000.00
RATE 9.350
PAI $ 745.34
CLTV 80.000
MATURITY 130504
FEE 0.5000
LOAN 0000022058713
LAST_NAME MCGUFFIN
ADDRESS 3006 S HARLAN
CITY INDIANAPOLI
STATE IN
ZIP 462370000
MORT $ 42,000.00
BAL $ 42,000.00
RATE 9.250
PAI $ 345.53
CLTV 64.615
MATURITY 280513
FEE 0.5000
LOAN 0000070022108
LAST_NAME PANKEY
ADDRESS 4611 N. CONSTANTINE AVE
CITY PEORIA HEIG
STATE IL
ZIP 616140000
MORT $105,500.00
BAL $ 105,249.42
RATE 8.650
PAI $ 822.45
CLTV 78.731
MATURITY 280101
FEE 0.5000
LOAN 0000070022769
LAST_NAME YUNG
ADDRESS 189 CAMEO DRIVE
CITY LIVERMORE
STATE CA
ZIP 945500000
MORT $167,600.00
BAL $ 167,290.09
RATE 8.450
PAI $ 1,282.76
CLTV 80.000
MATURITY 280201
FEE 0.5000
LOAN 0000070023882
LAST_NAME LEALI
ADDRESS 4930 WORCHESTER STREET
CITY DENVER
STATE CO
ZIP 802390000
MORT $118,500.00
BAL $ 118,224.91
RATE 9.850
PAI $ 1,026.81
CLTV 88.432
MATURITY 271211
FEE 0.5000
LOAN 0000070023973
LAST_NAME AESCHLIMAN
ADDRESS 232 EARL AVENUE
CITY CREVE COEUR
STATE IL
ZIP 616100000
MORT $ 42,300.00
BAL $ 41,216.07
RATE 9.550
PAI $ 442.98
CLTV 90.000
MATURITY 121218
FEE 0.5000
LOAN 0000070025457
LAST_NAME FLOWERS
ADDRESS 4522 ST. LOUIS AVENUE
CITY ST LOUIS
STATE MO
ZIP 631150000
MORT $ 37,350.00
BAL $ 36,870.81
RATE 9.500
PAI $ 390.02
CLTV 90.000
MATURITY 121222
FEE 0.5000
LOAN 0000070050281
LAST_NAME HOFFMAN
ADDRESS 504 N. FOURTH ST.
CITY DUNLAP
STATE IL
ZIP 615250000
MORT $ 45,904.00
BAL $ 45,468.60
RATE 8.450
PAI $ 450.69
CLTV 76.506
MATURITY 130206
FEE 0.5000
LOAN 0000070053830
LAST_NAME CARLSON
ADDRESS 2897 E. DIVISION ST.
CITY DECATUR
STATE IL
ZIP 625260000
MORT $ 32,000.00
BAL $ 31,794.94
RATE 8.550
PAI $ 278.72
CLTV 80.000
MATURITY 180122
FEE 0.5000
LOAN 0000070055793
LAST_NAME FISHER
ADDRESS 204 W. ILLINOIS STREET
CITY JOY
STATE IL
ZIP 612600000
MORT $ 19,000.00
BAL $ 18,781.31
RATE 9.850
PAI $ 202.43
CLTV 67.857
MATURITY 130126
FEE 0.5000
LOAN 0000070058177
LAST_NAME WAKEFIELD
ADDRESS 661 NORTH COUNTY ROAD
CITY NEWMAN
STATE IL
ZIP 619420000
MORT $ 80,000.00
BAL $ 79,597.36
RATE 8.150
PAI $ 676.64
CLTV 80.000
MATURITY 180219
FEE 0.5000
LOAN 0000070061171
LAST_NAME BIHARY
ADDRESS 6618 KINGSWAY DR.
CITY AFFTON
STATE MO
ZIP 631230000
MORT $ 72,800.00
BAL $ 72,665.38
RATE 8.450
PAI $ 557.19
CLTV 80.000
MATURITY 280201
FEE 0.5000
LOAN 0000070065883
LAST_NAME BLEDSOE
ADDRESS 610 BROADWAY STREET
CITY HILLSBORO
STATE IL
ZIP 620490000
MORT $ 58,500.00
BAL $ 58,047.16
RATE 9.350
PAI $ 605.59
CLTV 86.029
MATURITY 130205
FEE 0.5000
LOAN 0000070086236
LAST_NAME BYRD
ADDRESS 605 NEW ORCHARD PLACE
CITY UPPER MARLB
STATE MD
ZIP 207740000
MORT $131,200.00
BAL $ 131,035.49
RATE 8.350
PAI $ 994.90
CLTV 80.000
MATURITY 280301
FEE 0.5000
LOAN 0000070091038
LAST_NAME MOIR
ADDRESS 2404 TOMPAU PLACE
CITY ALPINE
STATE CA
ZIP 919010000
MORT $276,000.00
BAL $ 275,577.57
RATE 8.350
PAI $ 2,092.93
CLTV 80.000
MATURITY 280401
FEE 0.5000
LOAN 0000070096532
LAST_NAME DOUGHERTY
ADDRESS 10829 MURRAY DRIVE
CITY NORTHGLENN
STATE CO
ZIP 802330000
MORT $ 87,500.00
BAL $ 87,219.89
RATE 8.500
PAI $ 759.35
CLTV 70.000
MATURITY 180301
FEE 0.5000
LOAN 0000070114137
LAST_NAME LLAMAS
ADDRESS 1321 ANACONDA ST. SW
CITY ALBUQUERQUE
STATE NM
ZIP 871210000
MORT $ 80,700.00
BAL $ 80,246.28
RATE 8.350
PAI $ 787.61
CLTV 84.947
MATURITY 130301
FEE 0.5000
LOAN 0000070117718
LAST_NAME SEDILLOS
ADDRESS 9168 FLOWER COURT
CITY WESTMINSTER
STATE CO
ZIP 800210000
MORT $105,400.00
BAL $ 105,336.15
RATE 8.500
PAI $ 810.43
CLTV 84.320
MATURITY 280401
FEE 0.5000
LOAN 0000070126107
LAST_NAME NORTH
ADDRESS 4077 NE 11TH AVE
CITY PORTLAND
STATE OR
ZIP 972120000
MORT $ 65,000.00
BAL $ 64,933.04
RATE 9.300
PAI $ 537.10
CLTV 56.521
MATURITY 280401
FEE 0.5000
LOAN 0000070186689
LAST_NAME HOPKINS
ADDRESS 3 TIMBERLINE PLACE
CITY BOISE
STATE ID
ZIP 837060000
MORT $ 51,000.00
BAL $ 50,974.91
RATE 9.500
PAI $ 428.84
CLTV 66.233
MATURITY 280501
FEE 0.5000
LOAN 0000070216114
LAST_NAME MARTINEZ
ADDRESS 140 E 4TH AVENUE
CITY LONGMONT
STATE CO
ZIP 805010000
MORT $ 76,000.00
BAL $ 76,000.00
RATE 8.200
PAI $ 645.19
CLTV 80.000
MATURITY 180501
FEE 0.5000
LOAN 2775
LAST_NAME
ADDRESS
CITY
STATE
ZIP
MORT
BAL $194,423,719.67
RATE
PAI $1,761,658.32
CLTV
MATURITY
FEE
Page 68
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
_______________, _______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated
as of June 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and The First National Bank of
Chicago (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:
Mortgage Loan Information:
A. (1) Aggregate Monthly Payments
Due:
(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 on
Self-Amortizing Mortgage
Loans and applied in
the applicable Prepayment
Period:
(a) Principal $_________
(b) Interest $_________
(c) Total $_________
<PAGE>
(4) Aggregate Principal Prepayments
in full received in the
applicable Prepayment Period:
(a) Principal $_________
(b) Interest $_________
(c) Total $_________
(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for prior month:
(a) Principal $_________
(b) Interest $_________
(c) Total $_________
(6) Aggregate Liquidation
Proceeds for prior month:
(a) Principal $_________
(b) Interest $_________
(c) Total $_________
(7) Aggregate Purchase Prices for
Defaulted 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 Principal Balance: $_________
(10) Available Funds:
(a) Available Interest
Funds $_________
(b) Available
Principal Fund $_________
(11) Realized Losses for
the prior month $_________
<PAGE>
(12) Aggregate Realized Losses:
(a) Deficient Valuations $_________
(b) Special Hazard Losses $_________
(c) Fraud Losses $_________
(d) Excess Bankruptcy
Losses $_________
(e) Excess Special Hazard
Losses $_________
(f) Excess Fraud Losses $_________
(13) Compensating Interest Payment: $_________
(14) Net Simple Interest Shortfall: $_________
(15) Net Simple Interest Excess: $_________
(16) Simple Interest Shortfall
Payment $_________
(17) Unpaid Net Simple Interest Shortfall:
Class A1 $_________
Class A2 $_________
Class A3 $_________
Class A4 $_________
Class A5 $_________
Class A6 $_________
Class A7 $_________
Class S $_________
Class M $_________
Class B1 $_________
Class B2 $_________
Class B3 $_________
Class B4 $_________
Class B5 $_________
(18) Class Certificate Interest Rate of:
Class M _________%
Class B1 _________%
Class B2 _________%
Class B3 _________%
Class B4 _________%
Class B5 _________%
Class S _________%
<PAGE>
(19) Accrued Certificate Interest and
Pay-out Rate:
Class A1 $_________ _______%
Class A2 $_________ _______%
Class A3 $_________ _______%
Class A4 $_________ _______%
Class A5 $_________ _______%
Class A6 $_________ _______%
Class A7 $_________ _______%
Class S $_________ _______%
Class M $_________ _______%
Class B1 $_________ _______%
Class B2 $_________ _______%
Class B3 $_________ _______%
Class B4 $_________ _______%
Class B5 $_________ _______%
(20) Principal distributable:
Class A1 $_________
Class A2 $_________
Class A3 $_________
Class A4 $_________
Class A5 $_________
Class A6 $_________
Class A7 $_________
Class M $_________
Class B1 $_________
Class B2 $_________
Class B3 $_________
Class B4 $_________
Class B5 $_________
Class R1 $_________
Class R2 $_________
(21) Additional distri-
butions to the
Class R1 Certif-
icate pursuant to
Section 2.05 (d): $_________
<PAGE>
(22) Additional distri-
butions to the
Class R2 Certif-
icate pursuant to
Section 4.01 (c): $_________
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: ______________%
2. Senior Prepayment Percentage
for such Distribution Date: ______________%
3. Junior Percentage for
such Distribution Date: ______________%
4. Junior Prepayment Percentage
for such Distribution Date: ______________%
5. Subordinate Certificate
Writedown Amount for
such Distribution Date: $______________
Yes No
6. Prepayment Distribution --- --
Trigger Satisfied:
Class B1 _______ _______
Class B2 _______ _______
Class B3 _______ _______
Class B4 _______ _______
Class B5 _______ _______
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
The First National Bank of Chicago
One First National Plaza
Suite 0126
Chicago, Illinois 60670-0126
[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 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 The First National Bank of Chicago, as Trustee and GE
Capital Mortgage Services, Inc., dated as of June 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 such
transferee is not an employee benefit plan subject to ERISA or a
plan subject to Section 4975 of the Code (a "Plan") and is not
using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an
insurance company investing assets of its general account and the
Exemptions apply to such transferee's acquisition and holding of
any such Certificate or (ii) an opinion of counsel satisfactory
to the Trustee to the effect that the purchase and holding of any
such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
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).
<PAGE>
[4. The ERISA-Restricted Certificates shall be
registered in the name of
______________________________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
_________________________
[name of Investor]
By:_____________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the ERISA-Restricted Certificates at the exclusive
direction of and as nominee of the Investor named above.
[name of nominee]
By:___________________
Name:
Title:
<PAGE>
EXHIBIT F
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 R1 Certificate" or a "Class R2 Certificate" of GE
Capital Mortgage Services, Inc.'s Home Equity Loan Pass-Through
Certificates, Series 1998-HE2.
4. That the Purchaser is not, and on __________ [insert
date of transfer of Residual Certificate to Purchaser] will not
be, and is not and on such date will not be investing the assets
of, an employee benefit plan subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or a plan
subject to Code Section 4975 or a person or entity that is using
the assets of any employee benefit plan or other plan to acquire
a Residual Certificate.
<PAGE>
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between The First National Bank of Chicago, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of June
1, 1998, no transfer of the Residual Certificates shall be
permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
<PAGE>
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 Lower
Tier REMIC or the Upper Tier REMIC, as applicable, pursuant to
the Pooling and Servicing Agreement.
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
___________________________
[name of Purchaser]
By:__________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
<PAGE>
EXHIBIT G
LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE
_____________________
Date
The First National Bank of Chicago
One First National Plaza
Suite 0126
Chicago, Illinois 60670-0126
Re: GE Capital Mortgage Services, Inc.
Home Equity Loan Pass-Through Certificates, Series 1998-HE2
___________________________________________________________
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
Assumption Fees Determined on a Case-by-Case Basis
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary
Charges
Partial Release Fees $0
Easements $0
Insufficient Funds Charges $0
Document Requests
(copies of loan file
documents, additional
pay-off quotations,
amortization schedules,
payment histories) $0
Modification Fees $0
Prepayment Premiums Per Loan Documents
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
___________________
Date
The First National Bank of Chicago
One First National Plaza
Suite 0126
Chicago, Illinois 60670-0126
Re: GE Capital Mortgage Services, Inc.
Home Equity Loan Pass-Through
Certificates, Series 1998-HE2
_____________________________
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 The First National
Bank of Chicago, as Trustee, and GE Capital Mortgage Services,
Inc. (the "Company"), dated as of June 1, 1998 (the "Agreement"),
no transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
<PAGE>
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
<PAGE>
[9.[The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
___________________________
[name of Investor]
By:_______________________
Name:
Title:
The undersigned hereby
acknowledges that it
is holding and will
hold the Restricted
Certificates at the
exclusive direction of
and as nominee of the
Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
________________, _____
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated
as of June 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and The First National Bank of
Chicago (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution
allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R1 $__________
Class R2 $__________
<PAGE>
(2) Aggregate principal prepayments
included indistribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R1 $__________
Class R2 $__________
(3) Amount of distribution allocable
to interest; Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class S $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
<PAGE>
(4) Amount of distribution allocable to
Unanticipated Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R1 $__________ ____%
Class R2 $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all Certificates:
(6) Pool Principal Balance;
number of Mortgage Loans: $__________
$__________
(7) Class Certificate Principal
Balance (or Notional principal
Balance) of each Class;
Certificate Principal
Balance (or Notional
Principal Balance) of
Single Certificate of
each Class:
Single
Certificate
Class Class Balance Balance
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
<PAGE>
Class M $__________ $__________
Class S $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R1 $__________ $__________
Class R2 $__________ $__________
(8) Book value of real estate
acquired on behalf of
Certificate- holders;
number of related
Mortgage Loans:
$___________ ___________
___________ ___________
(9) Aggregate Scheduled
Principal Balance and
number of delinquent
Mortgage Loans:
one payment delinquent $___________ ___________
two payments delinquent $___________ ___________
three or more payments
delinquent $___________ ___________
In foreclosure $___________ ___________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans $___________
___________
(11) Unpaid Net Simple Interest
Shortfall:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
<PAGE>
Class S $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
(12) Class Certificate Interest
Rate of:
Class M ___________%
Class B1 ___________%
Class B2 ___________%
Class B3 ___________%
Class B4 ___________%
Class B5 ___________%
Class S ___________%
(13) Senior Percentage for such
Distribution Date: __________%
(14) Senior Prepayment Percentage
for such Distribution Date: __________%
(15) Junior Percentage for
such Distribution Date: __________%
(16) Junior Prepayment Percentage
for such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
<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 1998-HE2, 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 June 1, 1998
between the Company (in its capacity as servicer thereunder, the
"Servicer") and The First National Bank of Chicago 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 1998-HE2, Class __-B5 (the "Class __-B5 Certificates") has
been reduced to zero, and any Special Servicing and Collateral
Fund Agreement in respect of such Class between the Company and
the Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class __-B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a
Sunday of (ii) a day on which banking institutions in New York
City or Boston, Massachusetts are required or authorized by law
or executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as
to which the Purchaser has made an Election to Delay Foreclosure,
an appraisal of the related Mortgaged Property obtained by the
<PAGE>
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.
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
<PAGE>
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 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
<PAGE>
Purchaser requests additional information related to such
foreclosure within such 24-hour period; provided, however, that
the Purchaser will have at least one Business Day to make such
election following its receipt of any requested additional
information. Any such additional information shall (i) not be
confidential in nature and (ii) be obtainable by the Company from
existing reports, certificates or statements or otherwise be
readily accessible to its servicing personnel. The Purchaser
agrees that it has no right to deal with the mortgagor. However,
if the Company's normal foreclosure policies include acceptance
of a deed-in-lieu of foreclosure or short payoff, the Purchaser
will be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought
<PAGE>
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
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
<PAGE>
Company by 5:00 p.m., New York City time, on the third Business
Day following the delivery of such report under Section
2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the Company believes there is
a breach of representations or warranties by the Company, which
may result in a repurchase or substitution of such Mortgage Loan,
or (iii) the Company has or expects to have the right under the
Pooling and Servicing Agreement to purchase the defaulted
Mortgage Loan and intends to exercise such right or (iv) the
Company reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous
substances (and the Company supplies the Purchaser with
information supporting such belief) or (v) the same is prohibited
by or is otherwise inconsistent with the provisions of the
Pooling and Servicing Agreement. Any foreclosure that has been
initiated may be discontinued (i) without notice to the Purchaser
if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including
by means of a short payoff approved by the Purchaser) or (ii)
with notice to the Purchaser if the Company has reached the terms
of a forbearance agreement unless instructed otherwise by the
Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect
to any Mortgage Loan as to which the Purchaser made an Election
to Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsectionabove,
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
<PAGE>
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 subsectionabove and after reimbursement to
the Servicer for all related Monthly Advances) in respect of such
Mortgage Loan shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class __-B_ Certificates has been
reduced to zero, (ii) if the greater of (x) 43% (or such lower or
higher percentage that represents the Company's actual loss
experience with respect to the Mortgage Loans in the related
Mortgage Pool) of the aggregate principal balance of all Mortgage
Loans that are in foreclosure or are more than 90 days delinquent
on a contractual basis and the aggregate book value of REO
properties or (y) the aggregate amount that the Company estimates
through its normal servicing practices will be required to be
withdrawn from the Collateral Fund with respect to Mortgage Loans
as to which the Purchaser has made an Election to Delay
Foreclosure or an Election to Foreclose exceeds (z) the
then-current Class Certificate Principal Balance of the Class
__-B_ Certificates, or (iii) upon any transfer by the Purchaser
of any interest (other than the minority interest therein, but
only if the transferee provides written acknowledgment to the
Company of the Purchaser's right hereunder and that such
transferee will have no rights hereunder) in the Class __-B_
Certificates [or in the Class __-B5 Certificates] (whether or not
such transfer is registered under the Pooling and Servicing
Agreement), including any such transfer in connection with a
termination of the Trust Fund. Unless earlier terminated as set
forth herein, this Agreement and the respective rights,
obligations and responsibilities of the Purchaser and the Company
hereunder shall terminate immediately upon (x) the later to occur
of (i) the final liquidation of the last Mortgage Loan as to
which the Purchaser made any Election to Delay Foreclosure or any
Election to Foreclose and the withdrawal of all remaining amounts
in the Collateral Fund as provided herein and (ii) ten (10)
Business Days' notice or (y) the occurrence of any event that
results in the Purchaser becoming an "affiliate" of the Trustee
within the meaning of the Prohibited Transaction Exemption (as
defined in the Pooling and Servicing Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or
2.03 of this Agreement shall terminate with respect to a Mortgage
Loan as to which the Purchaser has exercised its rights under
Section 2.02 or 2.03 hereof, upon Purchaser's failure to deposit
any amounts required pursuant to Section 2.02(d) or 2.03(b) after
one Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall
promptly notify the Trustee and the Company if such Purchaser
becomes aware of any discussions, plans or events that might lead
to such Person's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of the Trustee, provided
that the contents of any such notification shall be kept
confidential by the parties to this Agreement.
<PAGE>
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 1998-HE2 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
partie (the "Collateral Fund"). Amounts held in the Collateral
Fund shall continue to be the property of the Purchaser, subject
to the first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the
liquidation of all Mortgage Loans as to which the Purchaser has
made any Election to Delay Foreclosure or any Election to
Foreclose pursuant to Section 2.04 hereof, the Company shall
distribute to the Purchaser all amounts remaining in the
Collateral Fund together with any investment earnings thereon
(after giving effect to all withdrawals therefrom permitted under
this Agreement).
The Purchaser shall not take or direct the Company or
the Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments.
The Company shall, at the written direction of the Purchaser,
direct the Trustee to invest the funds in the Collateral Fund in
the name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as
well as any interest earned on deposits in the Collateral Fund
(net of any losses on such investments) and any payments of
principal made in respect of any Collateral Fund Permitted
Investment shall be deposited in the Collateral Fund upon
receipt. All costs and realized losses associated with the
purchase and sale of Collateral Fund Permitted Investments shall
be borne by the Purchaser and the amount of net realized losses
shall be promptly deposited by the Purchaser in the Collateral
Fund. The Company shall periodically (but not more frequently
than monthly) direct the Trustee to 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
<PAGE>
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 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.
<PAGE>
Section 4.02. Counterparts. This Agreement may be
executed simultaneously in any number of counterparts, each of
which counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and
direction hereunder shall be in writing or by telecopy and shall
be deemed effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
with respect to all other notices
pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to
notices pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
<PAGE>
with respect to all other notices pursuant to this Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by the
Purchaser, or
(c) in the case of the Trustee,
The First National Bank of Chicago
One First National Plaza, Suite 0126
Chicago, Illinois 60670-0126
Attention: Corporate Trust Services
Telephone: (312) 407-1964
Facsimile: (312) 407-1708
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of
this Agreement shall be binding upon and inure to the benefit of
the parties hereto and the respective successors and assigns of
the parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees
that all information supplied by or on behalf of the Company
pursuant to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
<PAGE>
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser
agrees that, notwithstanding any other provision of this
Agreement, the Purchaser shall have no rights hereunder, and the
Company shall have no obligations hereunder, until the Class
Certificate Principal Balance of the Class __-B5 Certificates has
been reduced to zero and any Special Servicing and Collateral
Fund Agreement between the Company and the Purchaser relating to
such Class B5 Certificates has been terminated.]
<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
[PURCHASER]
By:______________________________
Name:
Title:
Acknowledged and agreed to:
THE FIRST NATIONAL BANK OF CHICAGO
By:______________________________
Name:
Title:
<PAGE>
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection with
the transfer of the Mortgage Loan described in Paragraph 3 hereof
by the Company pursuant to the Pooling and Servicing Agreement
dated as of [date] between the Company, Seller and Servicer, and
The First National Bank of Chicago, Trustee, relating to the
Company's Home Equity Loan Pass-Through Certificates, Series
[____] ("Agreement"). Such Mortgage Loan constitutes a Designated
Loan.
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences the
obligation of the borrower(s) to repay the Mortgage Loan:
Loan Number:__________________________________
Mortgage Note Date:___________________________
Borrower(s):__________________________________
Original Payee (if not
the Company):_________________________________
Original Amount:______________________________
Mortgage Rate: _______________________________
Address of Mortgaged Property:________________
______________________________________________
4. The Company is the lawful owner of the Mortgage Note
and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
<PAGE>
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or 2.03(a) (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)
<PAGE>
State of New Jersey)
) ss. :
)
On this ____________________day of
___________________, 199__, before me appeared
____________________________, to me personally known, who
acknowledged the execution of the foregoing and who, having been
duly sworn states that he/she is a/the _____________________of GE
Capital Mortgage Services, Inc., that any representations therein
contained are true, that this Lost Note Affidavit was signed and
sealed on behalf of GE Capital Mortgage Services, Inc. and that
this Lost Note Affidavit is the free act and deed of GE Capital
Mortgage Services, Inc.
______________________________________
(Notary Public)
[Notarial Seal]
<PAGE>
EXHIBIT M
SCHEDULE OF STREAMLINED PORTFOLIO
PROGRAM MORTGAGE LOANS WITHOUT TITLE INSURANCE
