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 26, 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 REMIC Multi-Class
Pass-Through Certificates, Series 1998-11)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
----------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number,
including area code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On June 26, 1998, GE Capital Mortgage Services, Inc. ("GECMSI")
offered to investors certain classes of its REMIC Multi-Class
Pass-Through Certificates, Series 1998-11 (the "Certificates"),
consisting of three groups of Certificates (the "Pool 1
Certificates" , "Pool 2 Certificates" and the "Pool 3
Certificates"), each evidencing beneficial ownership interests in
a distinct trust fund (each, a "Trust Fund"). The assets of each
Trust Fund consist primarily of a distinct pool ("Pool 1", "Pool
2" and "Pool 3", respectively, and each a "Mortgage Pool") of
conventional, fixed-rate, first-lien, fully-amortizing, one- to
four-family residential loans (the "Mortgage Loans"). Capitalized
terms used herein and not otherwise defined shall have the
meanings assigned to them in the Prospectus dated May 26, 1998 as
supplemented by the Prospectus Supplement dated June 23, 1998,
each as filed by GECMSI with the Securities and Exchange
Commission pursuant to Rule 424(b) under the Securities Act of
1933.
The original principal balance of each Class of the Pool 1
Certificates is as follows:
Class 1- A1 $191,300,000.00
Class 1- A2 $49,680,000.00
Class 1- A3 $4,860,000.00
Class 1- A4 $3,980,000.00
Class 1- A5 $3,980,000.00
Class 1- A6 $3,980,000.00
Class 1- A7 $16,800,000.00
Class 1- A8 $41,524,119.00
Class 1- A9 $3,275,000.00
Class 1- A10 $9,920,000.00
Class 1- A11 $51,000,000.00
Class 1- A12 $35,200,000.00
Class 1- A13 $14,900,000.00
Class 1- A14 $79,000.00
Class 1- A15 $45,620,000.00
Class 1- A16 $19,850,000.00
Class 1- A17 $720,000.00
Class 1- R $100.00
Class 1- M $9,579,000.00
Class 1- B1 $4,143,000.00
Class 1- B2 $2,330,000.00
Class 1- B3 $2,071,000.00
Class 1- B4 $1,036,000.00
Class 1- B5 $1,553,574.00
Class 1- PO $422,779.60
---------------
Total : $517,803,572.60
The initial Pool 1 Junior Percentage and initial Pool 1 Senior
Percentage are approximately 4.00% and 96.00%, respectively. The
"Pool 1 Bankruptcy Loss Amount," the "Pool 1 Fraud Loss Amount"
and the "Pool 1 Special Hazard Loss Amount" as of the initial
issuance of the Pool 1 Certificates are $182,510.00,
$5,178,036.00 and $5,178,036.00, respectively, representing
approximately .03525%, 1.0000%, and 1.0000%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 1 Mortgage
Loans as of June 1, 1998 (the "Cut-off Date").
2
<PAGE>
POOL 2
The original principal balance of each Class of the Pool 2
Certificates is as follows:
Class 2- A1 $23,177,880.00
Class 2- A2 $7,474,000.00
Class 2- A3 $11,633,823.00
Class 2- A4 $24,904,832.00
Class 2- A5 $24,125,000.00
Class 2- A6 $10,000,000.00
Class 2- A7 $3,016,177.00
Class 2- A8 $1,750,000.00
Class 2- A9 $1,750,000.00
Class 2- A10 $73,700,000.00
Class 2- A11 $44,500,000.00
Class 2- A12 $5,375,000.00
Class 2- A13 (1)
Class 2- A14 $2,491,000.00
Class 2- A15 $2,491,000.00
Class 2- A16 $2,492,000.00
Class 2- R $100.00
Class 2- RL $100.00
Class 2- M $4,607,000.00
Class 2- B1 $1,992,000.00
Class 2- B2 $1,121,000.00
Class 2- B3 $996,000.00
Class 2- B4 $498,000.00
Class 2- B5 $747,933.00
Class 2- PO $205,476.27
---------------
Total : $249,048,321.27
(1) The Class 2-A13 Certificates are issued with an initial
Notional Principle Balance of $10,000,000.00.
The initial Pool 2 Junior Percentage and initial Pool 2 Senior
Percentage are approximately 4.00% and 96.00%, respectively. The
"Pool 2 Bankruptcy Loss Amount", the "Pool 2 Fraud Loss Amount"
and the "Pool 2 Special Hazard Loss Amount" as of the initial
issuance of the Pool 2 Certificates are $100,000.00,
$2,490,483.00 and $4,121,887.00, respectively, representing
approximately .0402%, 1.0000%, and 1.6551%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 2 Mortgage
Loans as of the Cut-off Date.
3
<PAGE>
POOL 3
The original principal balance of each Class of the Pool 3
Certificates is as follows:
Class 3-A $112,817,662.00
Class 3-R $100.00
Class 3-M $1,157,000.00
Class 3-B1 $578,000.00
Class 3-B2 $289,000.00
Class 3-B3 $232,000.00
Class 3-B4 $173,000.00
Class 3-B5 $174,569.69
Class 3-PO $292,874.22
---------------
Total : $115,714,205.91
The initial Pool 3 Junior Percentage and initial Pool 3 Senior
Percentage are approximately 2.26% and 97.74%, respectively. The
"Pool 3 Bankruptcy Loss Amount", the "Pool 3 Fraud Loss Amount"
and the "Pool 3 Special Hazard Loss Amount" as of the initial
issuance of the Pool 3 Certificates are $100,000.00,
$1,157,142.00 and $2,077,566.00, respectively, representing
approximately .0864%, 1.0000%, and 1.7954%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 3 Mortgage
Loans as of the Cut-off Date.
4
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1
Pool 1 consists primarily of fixed-rate, first-lien,
fully-amortizing, conventional Mortgage Loans ( the "Pool 1
Mortgage Loans") evidenced by Mortgage Notes which have original
maturities of 20 to 30 years and an aggregate outstanding
Scheduled Principal Balance as of the Cut-off Date, after
deducting payments of principal due on or before such date and
prepayments of principal received before such date, of
$517,803,572.60.
The interest rates (the "Mortgage Rates") borne by the
1,663 Pool 1 Mortgage Loans conveyed by GECMSI to the related
trust fund range from 6.2500% to 9.2500% and the weighted average
Mortgage Rate of the Pool 1 Mortgage Loans as of the Cut-off Date
is 7.4116% per annum (all weighted averages in this filing are
weighted by aggregate outstanding Scheduled Principal Balance of
all Pool 1 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 1 Mortgage Loans
ranged from $38,500.00 to $1,500,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 1 Mortgage Loans is $311,367.15, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Pool 1 Mortgage Loan is March 1995, and
the latest scheduled maturity date of any such Mortgage Loan is
June 2028. The weighted average loan-to-value ratio at
origination of the Pool 1 Mortgage Loans as of the Cut-off Date
is 74.9382%.
5
<PAGE>
The Pool 1 Mortgage Loans have the following characteristics as
of the Cut-off Date:
a) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgage Rates borne by
the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.2500% 1 $281,342.66 0.0543%
6.5000% 1 $488,557.94 0.0944%
6.6250% 3 $691,311.62 0.1335%
6.7500% 14 $3,580,962.81 0.6916%
6.8750% 53 $17,021,289.52 3.2872%
7.0000% 87 $29,498,731.38 5.6969%
7.1250% 140 $43,665,878.37 8.4329%
7.2500% 266 $83,343,243.38 16.0955%
7.3750% 343 $106,985,335.81 20.6613%
7.4500% 1 $223,322.07 0.0431%
7.5000% 309 $99,698,807.86 19.2541%
7.6250% 187 $59,888,015.60 11.5658%
7.7500% 132 $38,796,404.64 7.4925%
7.8750% 68 $18,959,928.75 3.6616%
7.9900% 1 $216,455.68 0.0418%
8.0000% 20 $6,767,956.85 1.3071%
8.1250% 15 $3,528,927.03 0.6815%
8.2500% 4 $760,568.35 0.1469%
8.3750% 4 $998,717.41 0.1929%
8.5000% 5 $1,057,305.34 0.2042%
8.6250% 3 $485,093.28 0.0937%
8.7500% 2 $321,909.22 0.0622%
8.8750% 1 $82,507.03 0.0159%
9.1250% 1 $210,000.00 0.0406%
9.2500% 2 $251,000.00 0.0485%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
6
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 1 Mortgage Loans :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 188 $30,212,763.94 5.8348%
$227,151 - 250,000 218 $52,690,131.35 10.1757%
$250,001 - 300,000 575 $157,594,711.96 30.4352%
$300,001 - 350,000 278 $89,838,969.23 17.3500%
$350,001 - 400,000 174 $65,717,914.57 12.6917%
$400,001 - 450,000 81 $34,747,573.84 6.7106%
$450,001 - 600,000 106 $54,069,732.00 10.4421%
$600,001 - 650,000 26 $16,539,485.22 3.1942%
$650,001 - 1,000,000 + 17 $16,392,290.49 3.1657%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 1
Mortgage Loan, as of the Cut-off Date, is $1,500,000.00.
The smallest outstanding Scheduled Principal Balance of any Pool
1 Mortgage Loan, as of the Cut-off Date, is $38,500.00.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
- ----------- ----- ------------ ---------
1995 2 $572,105.61 0.1105%
1996 3 $700,076.19 0.1352%
1997 55 $16,176,093.71 3.1240%
1998 1,603 $500,355,297.09 96.6303%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
7
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the loan-to-value ratios of
the Pool 1 Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 70 $24,000,535.55 4.6351%
50.001 - 60.00 94 $32,243,484.50 6.2270%
60.001 - 70.00 218 $75,929,293.03 14.6637%
70.001 - 75.00 245 $81,446,888.71 15.7293%
75.001 - 80.00 759 $229,576,161.45 44.3365%
80.001 - 85.00 31 $8,751,996.38 1.6902%
85.001 - 90.00 133 $37,654,060.82 7.2719%
90.001 - 95.00 113 $28,201,152.16 5.4463%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the type of Mortgaged
Properties securing the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1,492 $470,771,508.12 90.9169%
Single-family
attached 57 $16,146,429.64 3.1183%
Condominium 83 $21,377,896.66 4.1286%
2 - 4 Family Units 28 $8,154,738.18 1.5749%
Co-op 3 $1,353,000.00 0.2613%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
f) The following table sets forth information, as of the
Cut-off Date, with respect to the occupancy status of the
Mortgaged Properties securing the Pool 1 Mortgage Loans as
represented by the mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1,619 $506,607,767.85 97.8378%
Vacation 27 $8,344,311.90 1.6115%
Investment 17 $2,851,492.85 0.5507%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
8
<PAGE>
g) The following table sets forth information, as of the
Cut-off Date, with respect to the geographic distribution of
the Mortgaged Properties securing the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 1 $272,897.33 0.0527%
Alaska 3 $1,138,431.80 0.2199%
Arizona 26 $7,654,969.95 1.4784%
California 818 $258,675,387.26 49.9566%
Colorado 32 $9,828,564.68 1.8981%
Connecticut 40 $12,176,125.10 2.3515%
Delaware 3 $794,733.87 0.1535%
District Of Columbia 6 $2,361,863.09 0.4561%
Florida 28 $8,489,425.53 1.6395%
Georgia 22 $7,687,355.72 1.4846%
Hawaii 6 $1,834,258.30 0.3542%
Illinois 44 $14,796,349.99 2.8575%
Indiana 9 $2,576,820.55 0.4976%
Kansas 2 $772,815.21 0.1492%
Kentucky 1 $299,575.15 0.0579%
Louisiana 6 $1,534,812.17 0.2964%
Maine 1 $449,621.95 0.0868%
Maryland 50 $15,614,818.46 3.0156%
Massachusetts 110 $34,229,599.34 6.6105%
Michigan 13 $3,859,245.62 0.7453%
Minnesota 14 $4,248,426.93 0.8205%
Mississippi 1 $559,145.16 0.1080%
Missouri 2 $599,782.14 0.1158%
Montana 1 $250,856.82 0.0484%
Nebraska 2 $715,556.42 0.1382%
Nevada 11 $2,976,727.91 0.5749%
New Hampshire 6 $1,382,269.31 0.2669%
New Jersey 94 $29,234,168.60 5.6458%
New Mexico 12 $4,335,729.59 0.8373%
New York 47 $14,333,241.98 2.7681%
North Carolina 7 $1,871,747.88 0.3615%
Ohio 14 $3,816,806.60 0.7371%
Oklahoma 1 $246,622.94 0.0476%
Oregon 12 $3,659,675.67 0.7068%
Pennsylvania 40 $11,599,916.00 2.2402%
Rhode Island 5 $1,299,595.68 0.2510%
South Carolina 5 $1,401,055.23 0.2706%
South Dakota 1 $259,603.10 0.0501%
Tennessee 7 $1,818,776.72 0.3512%
Texas 53 $15,516,835.84 2.9967%
Utah 4 $2,151,197.09 0.4154%
Vermont 4 $1,175,418.40 0.2270%
Virginia 61 $18,315,571.10 3.5372%
Washington 28 $7,937,131.37 1.5328%
West Virginia 2 $771,153.49 0.1489%
Wisconsin 8 $2,278,889.56 0.4401%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
9
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 17 $4,653,177.77 0.8986%
2022 1 $216,683.00 0.0418%
2023 9 $2,869,802.03 0.5542%
2024 1 $240,037.62 0.0464%
2025 1 $264,958.10 0.0512%
2026 4 $1,094,343.93 0.2113%
2027 40 $11,900,117.14 2.2982%
2028 1,590 $496,564,453.01 95.8983%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 1 Mortgage Loans calculated as of the Cut-off Date is 358
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 1
Mortgage Loans. The basis for such determination is the
making of a representation by the Mortgagor at origination.
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 799 $240,787,078.54 46.5016%
Rate Term/Refinance 666 $216,823,902.36 41.8738%
Cash-out Refinance 198 $60,192,591.70 11.6246%
----- --------------- ---------
Total 1,663 $517,803,572.60 100.0000%
10
<PAGE>
Pool 2
Pool 2 consists primarily of fixed-rate, first-lien,
fully-amortizing, conventional Mortgage Loans (the "Pool 2
Mortgage Loans") evidenced by Mortgage Notes which have original
maturities of 20 to 30 years and an aggregate outstanding
Scheduled Principal Balance as of the Cut-off Date, after
deducting payments of principal due on or before such date and
prepayments of principal received before such date, of
$249,048,321.27.
The interest rates (the "Mortgage Rates") borne by the 817
Pool 2 Mortgage Loans conveyed by GECMSI to the related trust
fund range from 6.6250% to 9.2500% and the weighted average
Mortgage Rate of the Pool 2 Mortgage Loans as of the Cut-off Date
is 7.4404% per annum (all weighted averages in this filing are
weighted by aggregate outstanding Scheduled Principal Balance of
all Pool 2 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 2 Mortgage Loans
ranged from $39,9000.00 to $1,000,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 2 Mortgage Loans is $304,832.71, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Pool 2 Mortgage Loan is November 1996,
and the latest scheduled maturity date of any such Mortgage Loan
is June 2028. The weighted average loan-to-value ratio at
origination of the Pool 2 Mortgage Loans as of the Cut-off Date
is 75.6027%.
11
<PAGE>
The Pool 2 Mortgage Loans have the following characteristics as
of the Cut-off Date:
a) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgage Rates borne by
the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.6250% 1 $300,000.00 0.1205%
6.7500% 9 $2,843,324.69 1.1417%
6.8750% 26 $8,672,342.40 3.4822%
7.0000% 42 $12,327,447.81 4.9498%
7.1250% 51 $16,377,503.90 6.5760%
7.2500% 124 $39,763,957.57 15.9664%
7.3750% 120 $37,434,786.16 15.0311%
7.5000% 176 $53,322,254.66 21.4104%
7.6250% 115 $34,074,739.08 13.6820%
7.7500% 75 $22,713,957.85 9.1203%
7.8000% 1 $215,235.48 0.0864%
7.8750% 49 $14,544,275.25 5.8399%
8.0000% 12 $2,767,626.81 1.1113%
8.1250% 3 $1,238,994.40 0.4975%
8.2500% 5 $1,217,649.99 0.4889%
8.3750% 2 $426,125.17 0.1711%
8.5000% 1 $263,666.71 0.1059%
8.6250% 1 $64,761.74 0.0260%
8.7500% 2 $291,571.60 0.1171%
8.8750% 1 $62,100.00 0.0249%
9.2500% 1 $126,000.00 0.0506%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
12
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 2 Mortgage Loans :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 115 $19,502,129.76 7.8307%
$227,151 - 250,000 118 $28,245,206.96 11.3413%
$250,001 - 300,000 256 $70,155,783.45 28.1694%
$300,001 - 350,000 142 $45,999,756.03 18.4702%
$350,001 - 400,000 71 $26,681,175.31 10.7133%
$400,001 - 450,000 39 $16,711,027.33 6.7100%
$450,001 - 600,000 56 $28,506,614.46 11.4462%
$600,001 - 650,000 15 $9,288,355.23 3.7295%
$650,001 - 1,000,000 + 5 $3,958,272.74 1.5894%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 2
Mortgage Loan, as of the Cut-off Date, is $1,000,000.00.
The smallest outstanding Scheduled Principal Balance of any Pool
2 Mortgage Loan, as of the Cut-off Date, is $39,877.04.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
- ----------- ----- ------------ ---------
1996 1 $251,694.56 0.1011%
1997 39 $11,052,628.92 4.4379%
1998 777 $237,743,997.79 95.4610%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
13
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the loan-to-value ratios of
the Pool 2 Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 29 $9,400,750.60 3.7747%
50.001 - 60.00 39 $11,945,847.22 4.7966%
60.001 - 70.00 98 $34,195,204.77 13.7304%
70.001 - 75.00 138 $46,536,156.25 18.6856%
75.001 - 80.00 359 $106,417,671.16 42.7297%
80.001 - 85.00 17 $4,461,507.11 1.7914%
85.001 - 90.00 89 $24,464,810.81 9.8233%
90.001 - 95.00 48 $11,626,373.35 4.6683%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the type of Mortgaged
Properties securing the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 738 $227,603,820.17 91.3895%
Single-family
attached 25 $6,825,501.71 2.7406%
Condominium 35 $10,063,553.12 4.0408%
2 - 4 Family Units 19 $4,555,446.27 1.8291%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
f) The following table sets forth information, as of the
Cut-off Date, with respect to the occupancy status of the
Mortgaged Properties securing the Pool 2 Mortgage Loans as
represented by the mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 785 $242,251,753.81 97.2710%
Vacation 17 $4,795,844.70 1.9257%
Investment 15 $2,000,722.76 0.8033%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
14
<PAGE>
g) The following table sets forth information, as of the
Cut-off Date, with respect to the geographic distribution of
the Mortgaged Properties securing the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 2 $484,964.19 0.1947%
Arizona 12 $3,677,781.19 1.4767%
California 391 $122,261,223.91 49.0915%
Colorado 39 $12,143,389.78 4.8759%
Connecticut 10 $2,939,097.99 1.1801%
District Of Columbia 6 $1,820,588.77 0.7310%
Florida 15 $4,726,301.21 1.8977%
Georgia 20 $6,185,241.64 2.4836%
Hawaii 2 $672,000.00 0.2698%
Illinois 20 $6,277,524.48 2.5206%
Indiana 2 $539,369.59 0.2166%
Kentucky 1 $318,000.00 0.1277%
Louisiana 1 $540,000.00 0.2168%
Maryland 27 $7,262,445.97 2.9161%
Massachusetts 45 $14,514,145.17 5.8278%
Michigan 1 $299,747.96 0.1204%
Minnesota 9 $2,479,053.31 0.9954%
Mississippi 1 $439,014.25 0.1763%
Missouri 2 $572,384.45 0.2298%
Nevada 5 $1,555,311.75 0.6245%
New Hampshire 2 $583,768.45 0.2344%
New Jersey 34 $10,102,319.13 4.0564%
New Mexico 2 $257,104.37 0.1032%
New York 26 $7,454,552.67 2.9932%
North Carolina 3 $812,066.90 0.3261%
Ohio 4 $745,307.46 0.2993%
Oklahoma 2 $424,500.00 0.1704%
Oregon 7 $2,112,316.36 0.8482%
Pennsylvania 28 $9,483,314.97 3.8078%
Rhode Island 2 $398,777.36 0.1601%
South Carolina 3 $892,120.48 0.3582%
Tennessee 3 $1,885,306.53 0.7570%
Texas 36 $8,949,980.11 3.5937%
Utah 5 $1,630,437.67 0.6547%
Virginia 38 $10,410,972.31 4.1803%
Washington 10 $2,912,890.89 1.1696%
Wisconsin 1 $285,000.00 0.1144%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
15
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 1 $345,461.57 0.1387%
2018 11 $2,972,434.97 1.1935%
2023 1 $498,737.30 0.2003%
2025 1 $281,013.21 0.1128%
2026 2 $744,311.97 0.2989%
2027 27 $6,781,518.86 2.7230%
2028 774 $237,424,843.39 95.3328%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 2 Mortgage Loans calculated as of the Cut-off Date is 357
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 2
Mortgage Loans. The basis for such determination is the
making of a representation by the Mortgagor at origination.
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 377 $110,986,577.80 44.5643%
Rate Term/Refinance 330 $102,945,445.74 41.3355%
Cash-out Refinance 110 $35,116,297.73 14.1002%
----- --------------- ---------
Total 817 $249,048,321.27 100.0000%
16
<PAGE>
Pool 3
Pool 3 consists primarily of fixed-rate, first-lien,
fully-amortizing, conventional Mortgage Loans (the "Pool 3
Mortgage Loans") evidenced by Mortgage Notes which have original
maturities of 10 to 15 years and an aggregate outstanding
Scheduled Principal Balance as of the Cut-off Date, after
deducting payments of principal due on or before such date and
prepayments of principal received before such date, of
$115,714,205.91.
The interest rates (the "Mortgage Rates") borne by the 366
Pool 3 Mortgage Loans conveyed by GECMSI to the related trust
fund range from 6.0000% to 8.2500% and the weighted average
Mortgage Rate of the Pool 3 Mortgage Loans as of the Cut-off Date
is 7.1179% per annum (all weighted averages in this filing are
weighted by aggregate outstanding Scheduled Principal Balance of
all Pool 3 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 3 Mortgage Loans
ranged from $23,000.00 to $1,042,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 3 Mortgage Loans is $316,159.03, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Pool 3 Mortgage Loan is August 1994, and
the latest scheduled maturity date of any such Mortgage Loan is
June 2013. The weighted average loan-to-value ratio at
origination of the Pool 3 Mortgage Loans as of the Cut-off Date
is 68.0658%.
17
<PAGE>
The Pool 3 Mortgage Loans have the following characteristics as
of the Cut-off Date:
a) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgage Rates borne by
the Pool 3 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.0000% 1 $127,559.86 0.1102%
6.1250% 1 $221,702.10 0.1916%
6.2500% 4 $1,178,473.18 1.0184%
6.3750% 3 $879,275.35 0.7599%
6.5000% 10 $2,499,543.14 2.1601%
6.6250% 10 $3,337,311.44 2.8841%
6.7500% 9 $2,356,434.84 2.0364%
6.8750% 33 $12,270,089.54 10.6038%
7.0000% 67 $22,002,673.21 19.0147%
7.1250% 82 $27,572,592.39 23.8282%
7.2500% 64 $21,006,673.68 18.1539%
7.3750% 36 $11,738,056.34 10.1440%
7.5000% 16 $4,479,423.72 3.8711%
7.6250% 9 $2,341,365.74 2.0234%
7.6500% 1 $90,570.54 0.0783%
7.7500% 10 $1,843,701.18 1.5933%
7.8750% 4 $632,268.63 0.5464%
8.0000% 3 $619,594.81 0.5355%
8.1250% 2 $368,815.94 0.3187%
8.2500% 1 $148,080.28 0.1280%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
18
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 3 Mortgage Loans :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 76 $10,144,195.17 8.7666%
$227,151 - 250,000 32 $7,678,215.53 6.6355%
$250,001 - 300,000 93 $25,461,364.31 22.0037%
$300,001 - 350,000 56 $18,339,904.97 15.8493%
$350,001 - 400,000 37 $13,894,910.81 12.0080%
$400,001 - 450,000 23 $9,744,094.57 8.4208%
$450,001 - 600,000 26 $13,204,316.13 11.4111%
$600,001 - 650,000 10 $6,419,567.77 5.5478%
$650,001 - 1,000,000 + 13 $10,827,636.65 9.3572%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 3
Mortgage Loan, as of the Cut-off Date, is $1,038,783.38.
The smallest outstanding Scheduled Principal Balance of any Pool
3 Mortgage Loan, as of the Cut-off Date, is $22,728.50.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 3 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1994 1 $234,266.61 0.2025%
1996 2 $247,543.72 0.2139%
1997 16 $3,576,602.73 3.0909%
1998 347 $111,655,792.85 96.4927%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
19
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the loan-to-value ratios of
the Pool 3 Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 34 $10,080,098.84 8.7112%
50.001 - 60.00 51 $19,807,285.32 17.1174%
60.001 - 70.00 91 $30,293,216.75 26.1793%
70.001 - 75.00 55 $18,219,451.98 15.7452%
75.001 - 80.00 110 $31,425,593.72 27.1580%
80.001 - 85.00 5 $1,058,178.46 0.9145%
85.001 - 90.00 15 $3,567,619.18 3.0831%
90.001 - 95.00 5 $1,262,761.66 1.0913%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the type of Mortgaged
Properties securing the Pool 3 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 339 $109,069,144.91 94.2574%
Single-family
attached 10 $3,781,442.49 3.2679%
Condominium 14 $2,471,121.89 2.1355%
2 - 4 Family Units 3 $392,496.62 0.3392%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
f) The following table sets forth information, as of the
Cut-off Date, with respect to the occupancy status of the
Mortgaged Properties securing the Pool 3 Mortgage Loans as
represented by the mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 339 $109,878,374.22 94.9567%
Vacation 21 $5,334,212.87 4.6098%
Investment 6 $501,618.82 0.4335%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
20
<PAGE>
g) The following table sets forth information, as of the
Cut-off Date, with respect to the geographic distribution of
the Mortgaged Properties securing the Pool 3 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 2 $434,360.10 0.3754%
Arizona 10 $2,886,554.83 2.4946%
Arkansas 1 $317,521.46 0.2744%
California 107 $37,213,486.22 32.1600%
Colorado 5 $1,094,435.37 0.9458%
Connecticut 6 $1,818,102.80 1.5712%
Delaware 3 $954,187.27 0.8246%
District Of Columbia 1 $350,500.00 0.3029%
Florida 14 $4,548,227.85 3.9306%
Georgia 7 $1,706,430.91 1.4747%
Hawaii 1 $247,769.86 0.2141%
Idaho 1 $64,393.12 0.0556%
Illinois 14 $4,652,558.71 4.0207%
Kentucky 1 $426,641.40 0.3687%
Louisiana 4 $1,048,700.28 0.9063%
Maryland 12 $3,101,384.67 2.6802%
Massachusetts 23 $7,290,953.18 6.3008%
Michigan 5 $1,659,496.55 1.4341%
Minnesota 7 $2,225,133.03 1.9230%
Montana 1 $301,000.00 0.2601%
Nebraska 1 $324,971.49 0.2808%
Nevada 7 $1,796,686.72 1.5527%
New Hampshire 4 $977,939.40 0.8451%
New Jersey 19 $4,439,783.48 3.8369%
New Mexico 2 $753,942.80 0.6516%
New York 16 $3,881,115.51 3.3541%
North Carolina 3 $945,201.74 0.8168%
North Dakota 1 $281,000.00 0.2428%
Ohio 2 $532,471.15 0.4602%
Oklahoma 3 $984,594.74 0.8509%
Oregon 3 $949,365.50 0.8204%
Pennsylvania 22 $7,025,178.58 6.0711%
South Carolina 1 $262,000.00 0.2264%
Tennessee 8 $3,598,022.25 3.1094%
Texas 22 $7,111,686.81 6.1459%
Utah 3 $1,066,699.14 0.9218%
Vermont 3 $1,009,643.44 0.8725%
Virginia 8 $2,576,596.36 2.2267%
Washington 6 $2,268,172.94 1.9602%
West Virginia 1 $474,019.11 0.4096%
Wisconsin 6 $2,113,277.14 1.8263%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
21
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
3 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2007 1 $228,248.21 0.1973%
2008 6 $1,615,029.48 1.3957%
2011 4 $1,409,364.92 1.2180%
2012 12 $2,456,454.38 2.1229%
2013 343 $110,005,108.92 95.0661%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 3 Mortgage Loans calculated as of the Cut-off Date is 179
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 3
Mortgage Loans The basis for such determination is the
making of a representation by the Mortgagor at origination.
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 82 $21,176,852.52 18.3010%
Rate Term/Refinance 221 $75,920,492.85 65.6104%
Cash-out Refinance 63 $18,616,860.54 16.0886%
----- --------------- ---------
Total 366 $115,714,205.91 100.0000%
22
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS
AND EXHIBITS.
1.1 The Underwriting Agreement, dated as of June 22, 1995,
and the related Terms Agreement, dated as of June 23,
1998, for certain of the Series 1998-11 Certificates
between GE Capital Mortgage Services, Inc. and Credit
Suisse First Boston Corporation.
1.2 The Underwriting Agreement, dated as of October 23, 1995,
and the related Terms Agreement, dated as of June 23,
1998, for certain of the Series 1998-11 Certificates
between GE Capital Mortgage Services, Inc. and Salomon
Brothers Inc.
1.4 The Pooling and Servicing Agreement for the Series 1998-11
Certificates, dated as of June 1, 1998, between GE
Capital Mortgage Services, Inc., as seller and servicer,
and State Street Bank and Trust Company, as trustee.
23
<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
24
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By:
--------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of June 26, 1998
25
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -----------------------------------------------------------------
1.1 The Underwriting Agreement, dated as
of June 22, 1995, and the related Terms
Agreement, dated as of June 23, 1998,
for certain of the Series 1998-11
Certificates between GE Capital
Mortgage Services, Inc. and Credit
Suisse First Boston Corporation.
1.2 The Underwriting Agreement, dated as
of October 23, 1995, and the related
Terms Agreement, dated as of June 23,
1998, for certain of the Series 1998-11
Certificates between GE Capital
Mortgage Services, Inc. and Saloman
Brothers Inc.
4.1 The Pooling and Servicing Agreement
for the Series 1998-11 Certificates, dated
as of June 1, 1998, between GE Capital
Mortgage Services, Inc., as seller and
servicer, and State Street Bank and Trust
Company, as trustee.
- -----------------------------------------------------------------
26
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
CS First Boston Corporation New York, New York
55 East 52nd Street June 22, 1995
New York, New York 10055
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional,
<PAGE>
fixed rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
-2-
<PAGE>
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such Prospectus Supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is hereinafter called the "Prospectus".
Any reference herein to the terms "amend," "amendment"
or "supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and
-3-
<PAGE>
any amendments thereof and supplements thereto, will
conform in all material respects to the requirements
of the Act and the rules and regulations of the
Commission thereunder; such Registration Statement, at
the time it became effective, did not contain any
untrue statement of a material fact or omit to state a
material fact required to be stated therein or
necessary to make the statements therein not
misleading; such Prospectus, on the date of any filing
pursuant to Rule 424(b) and on each Closing Date, will
not include any untrue statement of a material fact or
omit to state a material fact necessary to make the
statements therein, in the light of the circumstances
under which they are made, not misleading; and the
Detailed Description referred to in such Prospectus,
on each Closing Date and the date of any filing
thereof under cover of Form 8-K, will not include any
untrue statement of a material fact or omit to state
any information which such Prospectus states will be
included in such Detailed Description; provided,
however, that the Company makes no representations or
warranties as to the information contained in or
omitted from (A) such Registration Statement or such
Prospectus (or any supplement thereto) in reliance
upon and in conformity with written information
furnished to the Company by or on behalf of the
Underwriter specifically for use in the preparation
thereof or (B) any Current Report (as defined in
Section 5(b) below), or in any amendment thereof or
supplement thereto, incorporated by reference in such
Registration Statement or such Prospectus (or any
amendment thereof or supplement thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
-4-
<PAGE>
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
-5-
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement shall take place on
the terms set forth herein and not as set forth in Rule 15c6-1(a)
of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood
that the Underwriter proposes to offer the Offered Certificates
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<PAGE>
of the related Series for sale to the public as set forth in the
related Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of
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<PAGE>
a Series that are delivered by the Underwriter to the
Company pursuant to Section 8 to be filed with the
Commission on a Current Report on Form 8-K (a "Current
Report") pursuant to Rule 13a-11 under the Exchange Act on
the business day immediately following the later of (i) the
day on which such Computational Materials and Structural
Term Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term Sheet that reflects, in the
reasonable judgment of the Underwriter and the Company, a
material change in the characteristics of the Mortgage
Loans for the related Series from those on which a
Collateral Term Sheet with respect to the related Series
previously filed with the Commission was based, the Company
will cause any such Collateral Term Sheet that is delivered
by the Underwriter to the Company in accordance with the
provisions of Section 9 to be filed with the Commission on
a Current Report on the business day immediately following
the day on which such Collateral Term Sheet is delivered to
counsel for the Company by the Underwriter prior to 10:30
a.m. In each case, the Company will promptly advise the
Underwriter when such Current Report has been so filed.
Each such Current Report shall be incorporated by reference
in the related Prospectus and the related Registration
Statement. Notwithstanding the five preceding sentences,
the Company shall have no obligation to file any materials
provided by the Underwriter pursuant to Sections 8 and 9
which, in the reasonable determination of the Company after
making reasonable efforts to consult with the Underwriter,
are not
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<PAGE>
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the Prospectus other than any amendments or
supplements of such Computational Materials or Structural
Term Sheets that are furnished to the Company by the
Underwriter pursuant to Section 8(d) hereof or any
amendments or supplements of such Collateral Term Sheets
that are furnished to the Company by the Underwriter
pursuant to Section 9(d) hereof which the Company
determines to file in accordance therewith.
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<PAGE>
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
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<PAGE>
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (g) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick with
respect to its letters furnished pursuant to Section 6(i)
of the Agreement and any letter furnished pursuant to the
last sentence of Section 6(h) hereof and any other costs
and expenses specified in the related Terms Agreement as
"Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
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<PAGE>
(i) this Agreement and the related
Terms Agreement have been duly executed and delivered
by the Company under the law of the State of New York;
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon 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; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the
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<PAGE>
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, appeared on their
face to be appropriately responsive in all material
respects to the requirements of the Act and the rules
and regulations thereunder; and no information has
come to the attention of such counsel that causes it
to believe that (A) such Registration Statement
(except the financial statements and schedules and the
other financial and statistical data included therein
and the documents incorporated by reference therein,
as to which such counsel need express no view) at the
time it became effective, contained an untrue
statement of a material fact or omitted to state a
material fact required to be stated therein or
necessary to make the statements therein not
misleading or (B) such Prospectus or any amendment or
supplement thereto (except the financial statements
and schedules and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
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<PAGE>
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a
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<PAGE>
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
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<PAGE>
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings
or investigations pending or, to the best knowledge of
such counsel, threatened before any court, admini-
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<PAGE>
strative agency or other tribunal (i) asserting the
invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
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<PAGE>
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
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<PAGE>
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or 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
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<PAGE>
which it is bound, or, to such counsel's knowledge,
any order of any state or federal court, regulatory
body, administrative agency or governmental body
having jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick shall have furnished to the
Underwriter a letter, dated as of the date of the related
Terms Agreement, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company) set forth in the
related Prospectus Supplement under the caption
"Delinquency and Foreclosure Experience of the Company"
agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick shall have furnished to the
Underwriter a letter, dated as of the related Closing Date,
in form and substance satisfactory to the Underwriter,
stating in effect that they have performed certain
specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the Mortgaged Properties", as the
case may be, and in the Detailed Description relating to
such Prospectus Supplement
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<PAGE>
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick shall have furnished to the
Underwriter and the Company a letter or letters, dated as
of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
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<PAGE>
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of
which shall be described by reference in such letter,
they have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified the mathematical accuracy of any initial
Effective Ranges of any PAC Certificates, Scheduled
Certificates or other scheduled Certificates set forth
in such Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
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<PAGE>
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
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Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials and
ABS Term Sheets in respect of which the Company agrees to
indemnify the Underwriter, as set forth below, when such are read
in conjunction with the related Prospectus and Prospectus
Supplement) to state therein a material fact required to be
stated therein or necessary to make the statements therein not
misleading, and agrees to reimburse each such indemnified party
for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim,
damage, liability or action; provided, however, that (i) the
Company will not be liable in any such case to the extent that
any such loss, claim, damage or liability arises out of or is
based upon any such untrue statement or alleged untrue statement
or omission or alleged omission made therein (A) in reliance upon
and in conformity with written information furnished to the
Company as herein stated by or on behalf of the Underwriter
specifically for use in connection with the preparation thereof
or (B) in any Current Report or any amendment or supplement
thereof, except to the extent that any untrue statement or
alleged untrue statement therein or omission therefrom results
(or is alleged to have resulted) directly from an error (a
"Mortgage Pool Error") in the information concerning the
characteristics of the Mortgage Loans furnished by the Company to
the Underwriter in writing or by electronic transmission that was
used in the preparation of either (x) any Computational Materials
or ABS Term Sheets (as defined in Section 9 below) (or amendments
or supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
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<PAGE>
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials or ABS
Term Sheets (or any written or electronic materials on which the
Computational Materials are based) that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and
incorporated by reference in such Registration Statement or the
related Prospectus or any amendment or supplement thereof (except
that no such indemnity shall be available for any losses, claims,
damages or liabilities, or actions in respect thereof, resulting
from any Mortgage Pool Error, other than a Corrected Mortgage
-25-
<PAGE>
Pool Error). This indemnity agreement will be in addition to any
liability which the Underwriter may otherwise have. The Company
acknowledges that the statements set forth in the second sentence
of the ante-penultimate paragraph, the first sentence of the
penultimate paragraph, and in the last paragraph appearing on the
cover page of the related Prospectus Supplement as such
statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
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receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
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thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials on which the Computational
Materials are based, in such proportion as is appropriate
to reflect the relative fault of the Company on the one
hand and the Underwriter on the other in connection with
the statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect
thereof) as well as any other relevant equitable
considerations. The relative fault shall be determined by
reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission
or alleged omission to state a material fact in such
Computational Materials or ABS Term Sheets (or any
amendments or supplements thereof or such written or
electronic materials) results from information prepared by
the Company on the one hand or the Underwriter on the other
and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
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from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials") and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
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(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading;
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<PAGE>
(iv) at the time any Computational
Materials or Structural Term Sheets (or any written or
electronic materials furnished to prospective
investors on which the Computational Materials or
Structural Term Sheets are based) with respect to such
Offered Certificates were furnished to a prospective
investor and on the date of the related Terms
Agreement, the Underwriter possessed, and on the date
of delivery of such materials to the Company pursuant
to this Section 8 and on the related Closing Date, the
Underwriter will possess, the capability, knowledge,
expertise, resources and systems of internal control
necessary to ensure that such Computational Materials
or Structural Term Sheets conform to the
representations and warranties of the Underwriter
contained in subparagraphs (i), (ii) and (iii) above
of this paragraph (b); and
(v) all Computational Materials or Structural
Term Sheets (or underlying materials distributed to
prospective investors on which the Computational
Materials or Structural Term Sheets were based)
contained and will contain a legend, prominently
displayed on the first page thereof, to the effect
that the Company has not prepared, reviewed or
participated in the preparation of such Computational
Materials or Structural Term Sheets, is not
responsible for the accuracy thereof and has not
authorized the dissemination thereof.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
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<PAGE>
(c) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after the date hereof shall
include a disclaimer in the form set forth in paragraph (b)(v)
above. The Underwriter agrees that it will not represent to
prospective investors that any Computational Materials or
Structural Term Sheets were prepared or disseminated on behalf of
the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any
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untrue statement of a material fact or, when read in conjunction
with the related Prospectus and Prospectus Supplement, omits to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; it being
understood, however, that the Company shall have no obligation to
review or pass upon the accuracy or adequacy of, or to correct,
any such amendment or supplement provided by the Underwriter to
the Company pursuant to this paragraph (e) or (ii) such filing is
not required under the Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute
"Collateral Term Sheets." Each delivery of a Collateral Term
Sheet to the Company pursuant to this paragraph (a) shall be
effected by delivering four copies of such materials to counsel
for the Company on behalf of the Company at the address specified
in Section 3 hereof and one copy of such materials to the
Company. (Collateral Term Sheets and Structural Term Sheets are,
together, referred to herein as "ABS Term Sheets.") At the time
of each such delivery, the Underwriter shall indicate in writing
that the materials being delivered constitute Collateral Term
Sheets, and, if there has been any prior such delivery with
respect to the related Series, shall indicate whether such
materials differ in any material respect from any Collateral Term
Sheets previously delivered to the Company with respect to such
Series pursuant to this Section 9(a)
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as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading; and
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by the Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 8(c).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
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any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(c) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
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the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any
untrue statement of a material fact or, when read in conjunction
with the related Prospectus and Prospectus Supplement, omits to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; it being
understood, however, that the Company shall have no obligation to
review or pass upon the accuracy or adequacy of, or to correct,
any such amendment or supplement provided by the Underwriter to
the Company pursuant to this paragraph (d) or (ii) such filing is
not required under the Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
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the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
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If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
CS FIRST BOSTON CORPORATION
By:________________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated June 22, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
CS First Boston Corporation (the "Underwriter")
agrees, subject to the terms and provisions herein and of the
captioned Underwriting Agreement (the "Underwriting Agreement"),
to purchase such Classes of Series ____-__ Certificates specified
in Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
A-1
<PAGE>
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cut-off Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
_____ _______ ____ ________________
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for
each Class of the Offered Certificates shall be the Class
Purchase Price Percentage therefor (as set forth in Section 2(a)
above) of the initial Class Certificates Principal Balance
thereof plus accrued interest at the rate of [ ]% per annum
A-2
<PAGE>
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-3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersi\gned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
CS FIRST BOSTON CORPORATION
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-4
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-11
TERMS AGREEMENT
(to Underwriting Agreement
dated June 22, 1995
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
Credit Suisse First Boston Corporation (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 1998-11 Certificates specified
in Section 2(a) hereof (the "Offered Certificates"). This Terms
Agreement supplements and modifies the Underwriting Agreement
solely as it relates to the purchase and sale of the Offered
Certificates described below. The Series 1998-11 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-51151).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pools: The Series 1998-11
Certificates shall evidence the entire beneficial ownership
interest in three mortgage pools ("Pool 1," "Pool 2" and "Pool
3," respectively, and each a "Mortgage Pool") of conventional,
fixed rate, fully amortizing one- to four-family residential
mortgage loans (the "Mortgage Loans") having the following
characteristics as of June 1, 1998 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1: $517,803,573
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the aggregate original
Certificate Principal Balance of the Offered Certificates in
Pool 1 will be not less than $494,950,000 or greater than
$547,050,000.
(b) Aggregate Principal Amount of Pool 2: $249,048,321
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the aggregate original
Certificate Principal Balance of the Offered Certificates in
Pool 2 will be not less than $237,500,000 or greater than
$262,500,000.
(c) Aggregate Principal Amount of Pool 3: $115,714,206
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the
<PAGE>
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 3 will be not less than
$109,250,000 or greater than $120,750,000.
(d) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in the Mortgage Pools shall be between 20 and 30 years, in
the case of Pool 1and Pool 2, and 10 and 15 years, in the
case of Pool 3.
Section 2. The Certificates: The Offered Certificates shall
be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the variance
referred to in Section 1(a):
Class Principal Interest Class Purchase
Balance Rate Price Percentage
------- ---- ----------------
Class 2-A1 $ 23,177,880.00 6.75% 99.109380%
Class 2-A2 7,474,000.00 6.50 99.109380
Class 2-A3 11,633,823.00 (1) 99.109380
Class 2-A4 24,904,832.00 6.75 99.109380
Class 2-A5 24,125,000.00 6.75 99.109380
Class 2-A6 10,000,000.00 6.50 99.109380
Class 2-A7 3,016,177.00 (1) 99.109380
Class 2-A8 1,750,000.00 7.00 99.109380
Class 2-A9 1,750,000.00 (1) 99.109380
Class 2-A10 73,700,000.00 6.75 99.109380
Class 2-A11 44,500,000.00 6.75 99.109380
Class 2-A12 5,375,000.00 6.75 99.109380
Class 2-A13 (2) 0.25 99.109380
Class 2-A14 2,491,000.00 7.00 99.109380
Class 2-A15 2,491,000.00 7.00 99.109380
Class 2-A16 2,492,000.00 7.00 99.109380
Class 2-R 100.00 6.75 99.109380
Class 2-RL 100.00 6.75 99.109380
Class 3-A 112,817,662.00 6.50 99.625000
Class 3-R 100.00 6.50 99.625000
- ----------------------
(1) Interest will accrue on the Class 2-A3, Class 2-A7 and Class
2-A9 Certificates at the respective rates described in the
Prospectus.
(2) The Class 2-A13 Certificates will be issued with an initial
Notional Principal Balance of $ 10,000,000.00.
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each Class
of the Offered Certificates shall be the Class Purchase Price
Percentage therefor (as set forth in Section 2(a) above) of the
initial Class Certificate Principal Balance thereof plus accrued
interest at the initial
2
<PAGE>
interest rate per annum from and including the Cut-off Date up
to, but not including, June 26, 1998 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates
(other than the Class 2-A7 and Class 2-A13 Certificates) shall
have received Required Ratings of at least "AAA" from each of
Standard & Poor's Rating Services, a division of The McGraw-Hill
Companies, Inc.("S&P") and Fitch IBCA, Inc. ("Fitch"). The Class
2-A7 and Class 2-A13 Certificates shall have each received
Required Ratings of at least "AAAr" and "AAA" from S&P and Fitch,
respectively.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of each Trust Fund as a REMIC.
Section 6. Additional Expenses: The Underwriter will
pay 50% of all shipping, postage and courier expenses associated
with the delivery of the Prospectus to prospective investors and
investors in the Series 1998-11 Certificates, other than any
expenses incurred in connection with the use of overnight
delivery services that are utilized in the ordinary course of
business.
Section 7. Class 2-A9 Interest Account: On the Closing
Date, the Underwriter shall deliver to the Trustee by wire
transfer or by certified check an amount equal to $52,500.00 for
deposit in the Class 2-A9 Interest Account (as such term is
defined in the Prospectus Supplement.
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,
CREDIT SUISSE FIRST BOSTON CORPORATION
By:_________________________________
Name:
Title:
The foregoing Agreement
is hereby confirmed and
accepted as of the date
hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By: ____________________________________
Name:
Title:
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Salomon Brothers Inc New York, New York
Seven World Trade Center October 23, 1995
New York, New York 10048
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such Prospectus Supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is
- 2 -
<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
- 5 -
<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(a "Current Report") pursuant to Rule 13a-11 under the
Exchange Act on the business day immediately following the
later of (i) the day on which such Computational Materials
and Structural Term Sheets are delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. and (ii) the
date on which this Agreement is executed and delivered. The
Company will cause one Collateral Term Sheet (as defined in
Section 9 below) with respect to the Offered Certificates
of a Series that is delivered by the Underwriter to the
Company in accordance with the provisions of Section 9 to
be filed with the Commission on a Current Report pursuant
to Rule 13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term Sheet that reflects, in the
reasonable
- 6 -
<PAGE>
judgment of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the
related Series from those on which a Collateral Term Sheet
with respect to the related Series previously filed with
the Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
- 7 -
<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of
- 8 -
<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick with
respect to its letters furnished pursuant to Section 6(i)
of the Agreement and any letter furnished pursuant to the
last sentence of Section 6(h) hereof, the fees of any firm
of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of the Agreement and any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in accordance
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<PAGE>
with the related Pooling and Servicing Agreement, will
be validly issued and outstanding and entitled to the
benefits of such Pooling and Servicing Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time
it became effective, contained an untrue statement of
a material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
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<PAGE>
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
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<PAGE>
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
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<PAGE>
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein,
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<PAGE>
on certificates of responsible officers of the Company or
public officials. In addition, such opinion may be
qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
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<PAGE>
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or
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<PAGE>
regulation applicable to the Trustee, or to such
counsel's knowledge, any indenture or other agreement
or instrument to which the Trustee is a party or by
which it is bound, or, to such counsel's knowledge,
any order of any state or federal court, regulatory
body, administrative agency or governmental body
having jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the Mortgaged Properties", as the
case may be, and in the Detailed Description relating to
such Prospectus Supplement is mutually consistent and
agrees with the accounting records of the Company and,
where applicable, the related Mortgage Loan files of the
Company, excluding any questions of legal interpretation.
In addition, if applicable, such accountants shall have
furnished to the Underwriter a letter, dated as of the
related Closing Date, which shall include a statement or
statements to the effect that based upon the assumptions
and methodology agreed to by the
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<PAGE>
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified the mathematical accuracy of any initial
Effective Ranges of any PAC Certificates, Scheduled
Certificates or other scheduled Certificates set forth
in such Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
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<PAGE>
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
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<PAGE>
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
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<PAGE>
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and
incorporated by reference in such Registration Statement or the
related Prospectus or any amendment or supplement thereof (except
that no such indemnity shall be available for any losses, claims,
damages or liabilities, or actions in respect thereof, resulting
from any Mortgage Pool Error, other than a Corrected Mortgage
Pool Error). This indemnity agreement will be in addition to any
liability which the Underwriter may otherwise have. The Company
acknowledges that the statements set forth in the second sentence
of the ante-penultimate paragraph, the first sentence of the
penultimate paragraph, and in the last paragraph appearing on the
cover page of the related Prospectus Supplement as such
statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
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<PAGE>
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
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<PAGE>
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter on the other in connection with the statements
or omissions which resulted in such losses, claims, damages
or liabilities (or actions in respect thereof) as well as
any other relevant equitable considerations. The relative
fault shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other
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<PAGE>
and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter") and the filing of such material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
- 23 -
<PAGE>
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading;
(iv) the Underwriter has not represented to any
prospective investor that any Computational Materials
or Structural Term Sheets with respect to any Series
were prepared or disseminated on behalf of the
Company, and all Computational Materials and
Structural Term Sheets furnished to prospective
investors (and all written and electronic materials
furnished to prospective investors on which the
Computational Materials are based) included a
disclaimer to the effect set forth in Section 8(d);
and
(v) at the time any Computational Materials (or
any written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
- 24 -
<PAGE>
Certificates were furnished to a prospective investor
and on the date of the related Terms Agreement, the
Underwriter possessed, and on the date of delivery of
such materials to the Company pursuant to this Section
8 and on the related Closing Date, the Underwriter
will possess, the capability, knowledge, expertise,
resources and systems of internal control necessary to
ensure that such Computational Materials conform to
the representations and warranties of the Underwriter
contained in subparagraphs (i) and (iii) above of this
paragraph (b).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after October 11, 1995 included
and shall include a disclaimer in form satisfactory to the
Company to the effect that such materials have been prepared and
disseminated solely by and on behalf of the Underwriter, and that
the Company has not reviewed or participated in the preparation
or dissemination of such materials and is not responsible for the
contents or accuracy thereof. The Underwriter agrees that it will
not represent to prospective investors that any Computational
Materials or Structural Term Sheets were prepared or disseminated
on behalf of the Company.
- 25 -
<PAGE>
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the
- 26 -
<PAGE>
Commission, notify the Company and its counsel by telephone of
its intention to deliver such materials and the approximate date
on which the first such delivery of such materials is expected to
occur. Not later than 10:30 a.m., New York time, on the business
day immediately following the date on which any Collateral Term
Sheet was first delivered to a prospective investor in such
Offered Certificates, the Underwriter shall deliver to the
Company five complete copies of all materials provided by the
Underwriter to prospective investors in the Offered Certificates
which constitute "Collateral Term Sheets." Each delivery of a
Collateral Term Sheet to the Company pursuant to this paragraph
(a) shall be effected by delivering four copies of such materials
to counsel for the Company on behalf of the Company at the
address specified in Section 3 hereof and one copy of such
materials to the Company. (Collateral Term Sheets and Structural
Term Sheets are, together, referred to herein as "ABS Term
Sheets.") At the time of each such delivery, the Underwriter
shall indicate in writing that the materials being delivered
constitute Collateral Term Sheets, and, if there has been any
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading; and
- 27 -
<PAGE>
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by the Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 8(d).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(d) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
- 28 -
<PAGE>
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
- 29 -
<PAGE>
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
- 30 -
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
SALOMON BROTHERS INC
By:
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated October 23, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Salomon Brothers Inc (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
SALOMON BROTHERS INC
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
A-3
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-11
TERMS AGREEMENT
(to Underwriting Agreement
dated October 23, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus June 23, 1998
Cherry Hill, NJ 08002
Salomon Brothers Inc (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase the Classes of Series 1998-11 Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This Terms
Agreement supplements and modifies the Underwriting Agreement
solely as it relates to the purchase and sale of the Offered
Certificates described below. The Series 1998-11 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-51151).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pools: The Series 1998-11
Certificates shall evidence the entire beneficial ownership
interest in three mortgage pools ("Pool 1," "Pool 2" and "Pool
3," respectively, and each a "Mortgage Pool") of conventional,
fixed rate, fully amortizing one- to four-family residential
mortgage loans (the "Mortgage Loans") having the following
characteristics as of June 1, 1998 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1: $517,803,573
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the aggregate original
Certificate Principal Balance of the Offered Certificates in
Pool 1 will be not less than $494,950,000 or greater than
$547,050,000.
(b) Aggregate Principal Amount of Pool 2: $249,048,321
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the aggregate original
Certificate Principal Balance of the Offered Certificates in
Pool 2 will be not less than $237,500,000 or greater than
$262,500,000.
(c) Aggregate Principal Amount of Pool 3: $115,714,206
aggregate principal balance as of the Cut-off Date, subject
to a permitted variance such that the
<PAGE>
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 3 will be not less than
$109,250,000 or greater than $120,750,000.
(d) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in the Mortgage Pools shall be between 20 and 30 years, in
the case of Pool 1and Pool 2, and 10 and 15 years, in the
case of Pool 3.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the variance
referred to in Section 1(a):
Class Principal Interest Class Purchase
Balance Rate Price Percentage
------- ---- ----------------
Class 1-A1 $191,300,000.00 6.75% 98.671850%
Class 1-A2 49,680,000.00 6.75 98.671850
Class 1-A3 4,860,000.00 7.00 98.671850
Class 1-A4 3,980,000.00 7.00 98.671850
Class 1-A5 3,980,000.00 7.00 98.671850
Class 1-A6 3,980,000.00 7.00 98.671850
Class 1-A7 16,800,000.00 6.50 98.671850
Class 1-A8 41,524,119.00 6.75 98.671850
Class 1-A9 3,275,000.00 6.75 98.671850
Class 1-A10 9,920,000.00 6.75 98.671850
Class 1-A11 51,000,000.00 6.75 98.671850
Class 1-A12 35,200,000.00 6.75 98.671850
Class 1-A13 14,900,000.00 6.75 98.671850
Class 1-A14 79,000.00 6.75 98.671850
Class 1-A15 45,620,000.00 6.75 98.671850
Class 1-A16 19,850,000.00 6.75 98.671850
Class 1-A17 720,000.00 6.75 98.671850
Class 1-R 100.00 6.75 98.671850
Class 1-M 9,579,000.00 6.75 99.604400
Class 1-B1 4,143,000.00 6.75 98.753860
Class 1-B2 2,330,000.00 6.75 96.605380
Class 2-M 4,607,000.00 6.75 99.604400
Class 2-B1 1,992,000.00 6.75 98.753860
Class 2-B2 1,121,000.00 6.75 96.605380
Class 3-M 1,157,000.00 6.50 99.198550
Class 3-B1 578,000.00 6.50 98.373660
Class 3-B2 289,000.00 6.50 97.558850
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a)
2
<PAGE>
above) of the initial Class Certificate Principal Balance thereof
plus accrued interest at the initial interest rate per annum from
and including the Cut-off Date up to, but not including, June 26,
1998 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates
(other than the Class 1-M, Class 1-B1, Class 1-B2, Class 2-M,
Class 2-B1, Class 2-B2, Class 3-M, Class 3-B1and Class 3-B2
Certificates) shall have received Required Ratings of at least
"AAA" from each of Standard & Poor's Rating Services, a division
of The McGraw-Hill Companies, Inc.("S&P") and Fitch IBCA, Inc.
("Fitch"). The Class 1-M, Class 1-B1 and Class 1-B2 Certificates
shall have received Required Ratings of at least "AA," "A" and
"BBB," respectively, and the Class 2-M, Class 2-B1 and Class 2-B2
Certificates shall have received Required Ratings of at least
"AA," "A" and "BBB," respectively, in each case, from Fitch. The
Class 3-M, Class 3-B1 and Class 3-B2 Certificates shall have
received Required Ratings of at least "AA," "A" and "BBB,"
respectively, S&P.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of each Trust Fund as a REMIC.
Section 6. Additional Expenses: The Underwriter will pay all
expenses (e.g., shipping, postage and courier costs) associated
with the delivery of the Prospectus to prospective investors and
investors, other than the costs of delivery to the Underwriter's
facilities, provided, that if courier services (other than
overnight delivery services utilized in the ordinary course of
business) are required to ensure that the Prospectus is delivered
to investors on the day immediately preceding the Closing Date,
the Company will pay such courier expenses.
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,
SALOMON BROTHERS INC
By:_________________________________
Name:
Title:
The foregoing Agreement
is hereby confirmed and
accepted as of the date
hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By: ____________________________________
Name:
Title:
EXECUTION
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
--------------------
POOLING AND SERVICING AGREEMENT
Dated as of June 1, 1998
--------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-11
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Table of Contents
Page
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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..................... 42
Section 2.02 Acceptance by Trustee............................ 46
Section 2.03 Representations and Warranties of
the Company; Mortgage Loan Repurchase ........... 47
Section 2.04 Execution of Certificates........................ 54
Section 2.05 The REMICs; Designations under the
REMIC Provisions ................................ 54
Section 2.06 Trust Funds Separate............................. 57
ARTICLE III.
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01 Company to Act as Servicer....................... 57
Section 3.02 Collection of Certain Mortgage
Loan Payments; Mortgage Loan Payment
Records; Certificate Accounts.................... 61
Section 3.03 Collection of Taxes, Assessments
and Other Items.................................. 64
Section 3.04 Permitted Debits to the Mortgage
Loan Payment Records............................. 64
Section 3.05 Maintenance of the Primary Insurance Policies.... 65
Section 3.06 Maintenance of Hazard Insurance.................. 66
Section 3.07 Assumption and Modification Agreements........... 67
Section 3.08 Realization Upon Defaulted Mortgage Loans........ 67
Section 3.09 Trustee to Cooperate; Release of
Mortgage Files................................... 70
Section 3.10 Servicing Compensation; Payment of
Certain Expenses by the Company ................. 71
Section 3.11 Reports to the Trustee; Certificate
Account Statements .............................. 71
Section 3.12 Annual Statement as to Compliance................ 71
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:............................... 72
Section 3.14 Access to Certain Documentation and
Information Regarding the Mortgage Loans........ 72
Section 3.15 Maintenance of Certain Servicing Policies........ 73
Section 3.16 Optional Purchase of Defaulted Mortgage Loans.... 73
Section 3.17 Class 2-A9 Interest Account...................... 73
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ARTICLE IV.
PAYMENTS AND STATEMENTS
Section 4.01 Distributions.................................... 74
Section 4.02 Method of Distribution........................... 90
Section 4.03 Allocation of Losses............................. 91
Section 4.04 Monthly Advances; Purchases
of Defaulted Mortgage Loans ..................... 95
Section 4.05 Statements to Certificateholders................. 95
Section 4.06 Servicer's Certificate........................... 98
Section 4.07 Reports of Foreclosures and Abandonments
of Mortgaged Property ........................... 98
Section 4.08 Reduction of Servicing Fees by
Compensating Interest Payments................... 98
Section 4.09 Surety Bond...................................... 98
ARTICLE V.
THE CERTIFICATES
Section 5.01 The Certificates................................. 98
Section 5.02 Registration of Transfer and Exchange
of Certificates .................................101
Section 5.03 Mutilated, Destroyed, Lost or
Stolen Certificates .............................106
Section 5.04 Persons Deemed Owners............................107
Section 5.05 Access to List of Certificateholders'
Names and Addresses..............................107
Section 5.06 Representation of Certain
Certificateholders...............................107
Section 5.07 Determination of COFI............................107
Section 5.08 Determination of LIBOR...........................108
ARTICLE VI.
THE COMPANY
Section 6.01 Liability of the Company........................109
Section 6.02 Merger or Consolidation of, or Assumption
of the Obligations of, the Company..............110
Section 6.03 Assignment......................................110
Section 6.04 Limitation on Liability of
the Company and Others..........................110
Section 6.05 The Company Not to Resign...................... 111
ARTICLE VII.
DEFAULT
Section 7.01 Events of Default...............................111
Section 7.02 Trustee to Act; Appointment
of Successor....................................113
Section 7.03 Notification to Certificateholders..............113
ARTICLE VIII.
THE TRUSTEE
Section 8.01 Duties of Trustee..............................113
Section 8.02 Certain Matters Affecting the Trustee..........115
Section 8.03 Trustee Not Liable for Certificates
or Mortgage Loans..............................116
Section 8.04 Trustee May Own Certificates...................116
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Section 8.05 The Company to Pay Trustee's
Fees and Expenses..............................116
Section 8.06 Eligibility Requirements for Trustee...........117
Section 8.07 Resignation or Removal of Trustee..............117
Section 8.08 Successor Trustee..............................118
Section 8.09 Merger or Consolidation of Trustee.............118
Section 8.10 Appointment of Co-Trustee or
Separate Trustee...............................118
Section 8.11 Compliance with REMIC Provisions;
Tax Returns....................................119
ARTICLE IX.
TERMINATION
Section 9.01 Termination upon Repurchase
by the Company or Liquidation
of All Mortgage Loans.........................120
Section 9.02 Additional Termination Requirements...........121
ARTICLE X.
MISCELLANEOUS PROVISIONS
Section 10.01 Amendment...................................122
Section 10.02 Recordation of Agreement....................123
Section 10.03 Limitation on Rights of
Certificateholders..........................123
Section 10.04 Governing Law...............................124
Section 10.05 Notices.....................................124
Section 10.06 Notices to the Rating Agencies..............125
Section 10.07 Severability of Provisions..................125
Section 10.08 Certificates Nonassessable and Fully Paid...125
Exhibits
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative Loans)
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to ERISA Matters for
Definitive ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate Transferee Affidavit
EXHIBIT G Form of Residual Certificate Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for Definitive
Restricted Certificates
EXHIBIT J Form of Distribution Date Statement
EXHIBIT K Form of Special Servicing and Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and Agreement
EXHIBIT M Schedule of Designated Loans
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
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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 STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I.
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificates: None.
Accretion Directed Component: None.
Accretion Termination Date: None.
Accrual Amount: As to any Class of Accrual Certificates
and any Accrual Component and each Distribution Date through
the related Accretion Termination Date, the sum of (x) any
amount of Accrued Certificate Interest allocable to such
Class or Component pursuant to Section 4.01(a)(i), Section
4.01(b)(i) or Section 4.01(c)(i), as applicable, on such
Distribution Date and (y) any amount of Unpaid Class
Interest Shortfall allocable to such Class or Component
pursuant to Section 4.01(a)(ii), Section 4.01(b)(ii) or
Section 4.01(c)(ii), as applicable, on such Distribution
Date, to the extent that such amounts are distributed to any
Accretion Directed Certificates pursuant to Section
4.01(h)(i), (ii) or (iii), as applicable, in reduction of
the Certificate Principal Balance thereof. As to any Class
of Accrual Certificates and any Accrual Component and each
Distribution Date after the related Accretion Termination
Date, zero.
Accrual Certificates: None.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates), interest accrued during the
related Interest Accrual Period at the applicable
Certificate Interest Rate on the Class Certificate Principal
Balance (or, in the case of any Class of Notional
Certificates, on the aggregate Notional Principal Balance)
thereof immediately prior to such Distribution Date,
calculated on the basis of a 360-day year consisting of
twelve 30-day months.
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Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates) shall be reduced by such Class's share of the
amount of any Net Interest Shortfall and Certificate
Interest Losses, in each case, in respect of the related
Mortgage Pool for such Distribution Date. Any Net Interest
Shortfall and Certificate Interest Losses in respect of a
Mortgage Pool shall be allocated among the related Classes
of Certificates (other than any Class of Principal Only
Certificates) in proportion to the respective amounts of
Accrued Certificate Interest that would have resulted absent
such shortfall or losses.
Additional Collateral: With respect to any Mortgage
100(TM) Loan, the marketable securities held from time to time
as security for the repayment of such Mortgage 100(TM) Loan and
any related collateral. With respect to any Parent Power(TM)
Loan, the third-party guarantee for such Parent Power(TM) Loan,
together with (i) any marketable securities held from time
to time as security for the performance of such guarantee
and any related collateral or (ii) any mortgaged property
securing the performance of such guarantee, the related home
equity line of credit loan and any related collateral.
Agreement: This Pooling and Servicing Agreement and all
amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount for a
Certificate Group, and as to each related Class of Junior
Certificates, the fraction, expressed as a percentage, the
numerator of which is the Class Certificate Principal
Balance of such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of the Junior
Certificates in the related Certificate Group.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount for a
Certificate Group, and as to the Class M Certificates in
such Certificate Group and each Class of Class B
Certificates in such Certificate Group for which the related
Prepayment Distribution Trigger has been satisfied on such
Distribution Date, the fraction, expressed as a percentage,
the numerator of which is the Class Certificate Principal
Balance of such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of all such
Classes in such Certificate Group. As to any Distribution
Date and each Class of Class B Certificates for which the
related Prepayment Distribution Trigger has not been
satisfied on such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest due
in such month in accordance with the terms of the related
Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date and Mortgage Pool, the total of all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool as of the preceding Determination Date on
account of (i) Principal Prepayments, Insurance Proceeds and
Liquidation Proceeds received in respect
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of such Mortgage Pool subsequent to the preceding Prepayment
Period applicable to such receipts, and (ii) monthly
payments of principal and interest due subsequent to the
preceding Due Date.
Anniversary Determination Date: The Determination Date
occurring in July of each year that the Certificates are
outstanding, commencing in July 1999.
Assignment of Proprietary Lease: With respect to a
Cooperative Loan, the assignment of the related Proprietary
Lease from the Mortgagor to the originator of the
Cooperative Loan.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and Mortgage Pool, and as to
any Non-Primary Residence Loan remaining in such Mortgage
Pool whose original principal balance was 80% or greater of
the Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Remittance Rates of all
Outstanding Mortgage Loans in such Mortgage Pool (the
"Weighted Average Rate") as of such Anniversary
Determination Date over (ii) the Monthly Payment thereof
calculated on the assumption that the Remittance Rate
thereon was equal to the Weighted Average Rate less 1.25%
per annum.
Available Funds: As to each Distribution Date and
Mortgage Pool, an amount equal to the sum of (i) all amounts
credited to the Mortgage Loan Payment Record for such
Mortgage Pool pursuant to Section 3.02 as of the preceding
Determination Date, (ii) any Monthly Advance and any
Compensating Interest Payment in respect of such Mortgage
Pool for such Distribution Date, (iii) the Purchase Price of
any Defective Mortgage Loans and Defaulted Mortgage Loans in
respect of such Mortgage Pool deposited in the related
Certificate Account on the Business Day preceding such
Distribution Date (including any amounts deposited in the
related Certificate Account in connection with any
substitution of a Mortgage Loan in such Mortgage Pool as
specified in Section 2.03(b)) and (iv) the purchase price of
any defaulted Mortgage Loan in such Mortgage Pool purchased
under an agreement entered into pursuant to Section 3.08(e)
as of the end of the preceding Prepayment Period, less the
sum of (x) the Amount Held for Future Distribution in
respect of such Mortgage Pool, (y) the amount of any
Unanticipated Recovery credited to the Mortgage Loan Payment
Record in respect of such Mortgage Pool pursuant to clause
(vi) of Section 3.02, and (z) amounts permitted to be
debited from the related Mortgage Loan Payment Record
pursuant to clauses (i) through (vii) and (ix) of Section
3.04.
Bankruptcy Coverage Termination Date: As to each
Mortgage Pool, the Distribution Date upon which the
Bankruptcy Loss Amount for such Mortgage Pool has been
reduced to zero or a negative number (or the related
Cross-Over Date, if earlier).
Bankruptcy Loss Amount: As to each Determination Date
prior to the first Anniversary Determination Date, an amount
equal to $182,510, in the case of Pool 1, $100,000 in the
case of Pool 2, and $100,000, in the case of Pool 3, as
reduced in each case by the aggregate amount of Deficient
Valuations and Debt Service Reductions in
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respect of such Mortgage Pool since the Cut-off Date. As of
any Determination Date after the first Anniversary
Determination Date, other than an Anniversary Determination
Date, the Bankruptcy Loss Amount for a Mortgage Pool shall
equal such Bankruptcy Loss Amount on the immediately
preceding Anniversary Determination Date as reduced by the
aggregate amount of Deficient Valuations and Debt Service
Reductions for such Mortgage Pool since such preceding
Anniversary Determination Date. As of any Anniversary
Determination Date, the Bankruptcy Loss Amount for a
Mortgage Pool shall equal the lesser of (x) the related
Bankruptcy Loss Amount as of the preceding Determination
Date as reduced by any Deficient Valuations and Debt Service
Reductions for such Mortgage Pool for the preceding
Distribution Date, and (y) the greater of (i) the Fitch
Formula Amount for such Mortgage Pool for such Anniversary
Determination Date and (ii) the S&P Formula Amount for such
Mortgage Pool for such Anniversary Determination Date.
The Bankruptcy Loss Amount for a Mortgage Pool may be
further reduced by the Company (including accelerating the
manner in which such coverage is reduced) provided that
prior to any such reduction, the Company shall obtain
written confirmation from each Rating Agency that such
reduction shall not adversely affect the then-current rating
assigned to the related Classes of Certificates by such
Rating Agency and shall provide a copy of such written
confirmation to the Trustee.
Base Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i) the
Scheduled Principal Balance of such Mortgage Loan as of the
Due Date in the preceding calendar month and (ii) the Base
Servicing Fee Rate for such Mortgage Loan. The Base
Servicing Fee for any Distribution Date is subject to
adjustment pursuant to Section 3.08(d) (with respect to a
Realized Loss) or the definition of Interest Loss (with
respect to the interest portion of a Debt Service
Reduction).
Base Servicing Fee Rate: As to any Mortgage Loan, the
per annum rate identified as such for such Mortgage Loan and
set forth in the Mortgage Loan Schedule.
BBA: The British Banker's Association.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than any
Class PO, Class B3, Class B4, Class B5, Class R and Class RL
Certificates, constitutes a Class of Book-Entry Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
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Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period and
the difference between the amount paid by the Mortgagor and
the amount specified in the Mortgage Note is paid from the
related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The Pool 1 Certificate Account,
Pool 2 Certificate Account or Pool 3 Certificate Account, as
the case may be.
Certificate Group: The Pool 1 Certificates, Pool 2
Certificates or Pool 3 Certificates, as applicable.
Certificateholder or Holder: The person in whose name a
Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Certificate Interest Loss: (i) On or prior to the
Cross-Over Date for a Certificate Group, any Interest Loss
in respect of an Excess Loss as to the related Mortgage Pool
and (ii) after the Cross-Over Date for a Certificate Group,
any Interest Loss as to the related Mortgage Pool, in each
case to the extent such Interest Loss is allocable to the
Certificates of such Certificate Group in accordance with
Section 3.08(d) (with respect to a Realized Loss) or the
definition of Interest Loss (with respect to the interest
portion of a Debt Service Reduction).
Certificate Interest Rate: With respect to any Class of
Certificates (other than any Principal Only Certificates)
and as of any Distribution Date, the fixed per
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annum rate specified in Section 5.01(b). Principal Only
Certificates are issued without Certificate Interest Rates.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal Balance
of such Certificate (plus, in the case of any Accrual
Certificate or any Certificate consisting of Accrual
Components, its Percentage Interest of any related Accrual
Amount for each previous Distribution Date) less the sum of
(i) all amounts distributed with respect to such Certificate
in reduction of the Certificate Principal Balance thereof on
previous Distribution Dates pursuant to Section 4.01, (ii)
any Realized Losses allocated to such Certificate on
previous Distribution Dates pursuant to Section 4.03(b) and
(c), and (iii) in the case of a Subordinate Certificate,
such Certificate's Percentage Interest of the Subordinate
Certificate Writedown Amount for the related Certificate
Group allocated to such Certificate on previous Distribution
Dates. The Notional Certificates are issued without
Certificate Principal Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Class: All Certificates or Lower Tier Interests, as the
case may be, bearing the same class designation.
Class 2-A4 Distribution Percentage: 0% through the
Distribution Date in June 2003; 30% thereafter through the
Distribution Date in June 2004; 40% thereafter through the
Distribution Date in June 2005; 60% thereafter through the
Distribution Date in June 2006; 80% thereafter through the
Distribution Date in June 2007; and 100% thereafter.
Class 2-A4 Percentage: With respect to any Distribution
Date, the percentage (carried to six decimal places rounded
up) obtained by dividing (x) the Class Certificate Principal
Balance of the Class 2-A4 Certificates immediately preceding
such Distribution Date, by (y) the aggregate Class
Certificate Principal Balance of all of the Pool 2 Senior
Certificates (other than the Class 2-PO Certificates)
immediately preceding such Distribution Date.
Class 2-A4 Principal Distribution Amount: With respect
to any Distribution Date, the product of (a) the Senior
Optimal Principal Amount in respect of Pool 2 for such date
multiplied by (b) the Class 2-A4 Percentage for such date
multiplied by (c) the Class 2-A4 Distribution Percentage for
such date. Notwithstanding the foregoing, (i) on the Pool 2
Group I Final Distribution Date, the Class 2-A4 Principal
Distribution Amount will be increased by any portion of the
Senior Optimal Principal Amount in respect of Pool 2
remaining after distributions of principal have been made on
the Pool 2 Group I Senior Certificates and (ii) following
the Pool 2 Group I Final
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Distribution Date, the Class 2-A4 Principal Distribution
Amount will equal the Senior Optimal Principal Amount in
respect of Pool 2.
Class 2-A9 Interest Account: The segregated,
non-interest bearing account established and maintained
pursuant to Section 3.17.
Class 2-A9 Interest Account Deposit: Cash in the amount
of $52,500.
Class 2-A9 Interest Account Termination Date: As
defined in Section 4.01(i).
Class B Certificate: Any Pool 1 Junior Certificate,
Pool 2 Junior Certificate or Pool 3 Junior Certificate.
Class B1 Certificate: Any Class 1-B1, Class 2-B1 or
Class 3-B1 Certificate.
Class B2 Certificate: Any Class 1-B2, Class 2-B2 or
Class 3-B2 Certificate.
Class B3 Certificate: Any Class 1-B3, Class 2-B3 or
Class 3-B3 Certificate.
Class B4 Certificate: Any Class 1-B4, Class 2-B4 or
Class 3-B4 Certificate.
Class B5 Certificate: Any Class 1-B5, Class 2-B5 or
Class 3-B5 Certificate.
Class Certificate Principal Balance: As to any Class of
Certificates, other than any Class of Notional Certificates,
and as of any date of determination, the aggregate of the
Certificate Principal Balances of all Certificates of such
Class. The Class Certificate Principal Balance of each such
Class of Certificates as of the Closing Date is specified in
Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates), any amount by which the amount
distributed to Holders of such Class of Certificates (or
added to the Class Certificate Principal Balance of any
Class of Accrual Certificates or to the Component Principal
Balance of any Accrual Component) on such Distribution Date
is less than the Accrued Certificate Interest thereon for
such Distribution Date. Certificate: Any Class 1-M, Class
2-M or Class 3-M Certificate.
Class PO Certificate: Any Class 1-PO, Class 2-PO or
Class 3-PO Certificate.
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Class PO Deferred Amount: As to any Distribution Date
on or prior to the related Cross-Over Date, the aggregate of
the applicable PO Percentage of the principal portion of
each Realized Loss in respect of a Mortgage Pool, other than
any related Excess Loss, to be allocated to the Class 1-PO
Certificates, in the case of Pool 1, to the Class 2-PO
Certificates, in the case of Pool 2, or to the Class 3-PO
Certificates, in the case of Pool 3, on such Distribution
Date or previously allocated to such Class of Certificates
and not yet paid to the Holders of such Class of
Certificates pursuant to Section 4.01(a)(iv), (b)(iv) or
(c)(iv), as applicable.
Class R Certificate: Any Class 1-R, Class 2-R or Class
3-R Certificate.
Class RL Certificate: Any Class 2-RL Certificate.
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.
COFI: The monthly weighted average cost of funds for
savings institutions the home offices of which are located
in Arizona, California, or Nevada that are member
institutions of the Eleventh Federal Home Loan Bank
District, as computed from statistics tabulated and
published by the Federal Home Loan Bank of San Francisco in
its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual
Period for any COFI Certificates, the last Business Day of
the calendar month preceding the commencement of such
Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if any
successor servicer is appointed as herein provided, then
such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date and Mortgage Pool, an amount equal to the
aggregate of the Interest Shortfalls described in clauses
(a) and (b) of the definition thereof with respect to such
Distribution Date and Mortgage Pool; provided, however, that
such amount shall not exceed the lesser of (i) an amount
equal to the product of (x) the Pool Scheduled Principal
Balance with respect to such Distribution Date and Mortgage
Pool and (y) one-twelfth of 0.125%, and (ii) the aggregate
of the Base Servicing Fees that the Company would be
entitled to retain on such Distribution Date in respect of
the Mortgage Loans in such Mortgage Pool (less any portion
thereof paid as servicing compensation to any Primary
Servicer) without giving effect to any related Compensating
Interest Payment.
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Component: Any of the components of a Class of
Component Certificates having the designations, initial
Component Principal Balances and Component Interest Rates as
follows:
Initial Component Component
Designation Principal Balance Interest Rate
----------- ----------------- -------------
N/A N/A N/A
Component Certificate: With respect to Pool 1, Pool 2
and Pool 3, none.
Component Principal Balance: As of any
Distribution Date, and with respect to any Component, other
than any Notional Component, the initial Component
Principal Balance thereof (as set forth, as applicable, in
the definition of Component) (plus, in the case of any
Accrual Component, any related Accrual Amount for each
previous Distribution Date) less the sum of (x) all amounts
distributed in reduction thereof on previous Distribution
Dates pursuant to Section 4.01 and (y) the amount of all
Realized Losses allocated thereto pursuant to Section
4.03(d).
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Cooperative: A private, cooperative housing corporation
organized in accordance with applicable state laws which
owns or leases land and all or part of a building or
buildings located in the relevant state, including
apartments, spaces used for commercial purposes and common
areas therein and whose board of directors authorizes, among
other things, the sale of Cooperative Stock.
Cooperative Apartment: A dwelling unit in a
multi-dwelling building owned or leased by a Cooperative,
which unit the Mortgagor has an exclusive right to occupy
pursuant to the terms of one or more Proprietary Leases.
Cooperative Loans: Any of the Mortgage Loans made in
respect of a Cooperative Apartment, evidenced by a Mortgage
Note and secured by (i) a Security Agreement, (ii) the
related Cooperative Stock Certificate(s), (iii) an
assignment of the Proprietary Lease(s), (iv) financing
statements and (v) a stock power (or other similar
instrument), and in addition thereto, a recognition
agreement between the Cooperative and the originator of the
Cooperative Loan, each of which was transferred and assigned
to the Trustee pursuant to Section 2.01 and are from time to
time held as part of a Trust Fund. Exhibit C hereto
identifies any Cooperative Loans as such.
Cooperative Stock: With respect to a Cooperative Loan,
the single outstanding class of stock, partnership interest
or other ownership instrument in the related Cooperative.
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Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other
instrument evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at Two
International Place, Boston, Massachusetts 02110, Attention:
Corporate Trust Department.
Corresponding Class: With respect to Pool 2 and any
Class of Lower Tier Interests, the Class or Classes of
Certificates or Components and with respect to any Class of
Pool 2 Certificates, the Class or Classes of Lower Tier
Interests, appearing opposite such Class of Lower Tier
Interests or Certificates in the table included in Section
2.05(a).
Cross-Over Date: As to each Certificate Group, the
first Distribution Date on which the aggregate Class
Certificate Principal Balance of the Junior Certificates in
such Certificate Group has been reduced to zero (giving
effect to all distributions on such Distribution Date).
Cut-off Date: June 1, 1998.
Debt Service Reduction: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then current
Monthly Payment for such Mortgage Loan over (b) the amount
of the monthly payment of principal and interest required to
be paid by the Mortgagor as established by a court of
competent jurisdiction as a result of a proceeding initiated
by or against the related Mortgagor under the Bankruptcy
Code, as amended from time to time (11 U.S.C.).
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of principal
and interest, and as to which such delinquent installments
have not been paid, as of the close of business on the last
Business Day of the month next preceding the month of such
Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the valuation
by a court of competent jurisdiction of the related
Mortgaged Property as a result of a proceeding initiated by
or against the related Mortgagor under the Bankruptcy Code,
as amended from time to time (11 U.S.C.), pursuant to which
such Mortgagor retained such Mortgaged Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully
registered form.
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Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE & Co.
The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or any
successor provisions thereto.
Depository Participant: A broker, dealer, bank or other
financial institution or other Person for which, from time
to time, the Depository effects book-entry transfers and
pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related Mortgage
to the Trustee in recordable form (except for the omission
therein of recording information concerning such Mortgage).
Designated Loans: With respect to Pool 1, the Mortgage
Loans listed in Schedule M hereto. With respect to Pool 2,
none. With respect to Pool 3, none.
Designated Telerate Page: The Dow Jones Telerate
Service page 3750 (or such other page as may replace page
3750 on that service or such other service as may be
nominated by the BBA for the purpose of displaying the
Interest Settlement Rates).
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: As to Pool 1 and Pool 2, any
Mortgage Loan with a Net Mortgage Rate less than 6.75% per
annum. As to Pool 3, any Mortgage Loan with a Net Mortgage
Rate less than 6.50% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code section
1381(a)(2)(C). The terms "United States," "State" and
"International Organization" shall have the meanings set
forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of the
United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
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.
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Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the related
Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating, (ii)
an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such accounts
are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or are
otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders of the
related Certificate Group have a claim with respect to the
funds in such account or a perfected first security interest
against any collateral (which shall be limited to Permitted
Investments) securing such funds that is superior to claims
of any other depositors or creditors of the depository
institution with which such account is maintained, (iv) a
trust account maintained with the corporate trust department
of a federal or state chartered depository institution or of
a trust company with trust powers and acting in its
fiduciary capacity for the benefit of the Trustee in respect
of the related Certificate Group hereunder or (v) such
account as will not cause either Rating Agency to downgrade
or withdraw its then-current rating assigned to the
Certificates of the related Certificate Group, as evidenced
in writing by the Rating Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Junior Certificate or
any Class 1-A17 Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: As to each Mortgage Pool, any
Deficient Valuation or Debt Service Reduction, or portion
thereof, in respect of a Mortgage Loan in such Mortgage
Pool, (i) occurring after the related Bankruptcy Coverage
Termination Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount for such Mortgage
Pool.
Excess Fraud Loss: As to each Mortgage Pool, any Fraud
Loss, or portion thereof, in respect of a Mortgage Loan in
such Mortgage Pool, (i) occurring after the related Fraud
Coverage Termination Date or (ii) if on such date, in excess
of the then-applicable Fraud Loss Amount for such Mortgage
Pool.
Excess Loss: As to each Mortgage Pool, any related
Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special
Hazard Loss.
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Excess Special Hazard Loss: As to each Mortgage Pool,
any Special Hazard Loss, or portion thereof, in respect of a
Mortgage Loan in such Mortgage Pool, (i) occurring after the
related Special Hazard Termination Date or (ii) if on such
date, in excess of the then-applicable Special Hazard Loss
Amount for such Mortgage Pool.
FDIC: The Federal Deposit Insurance Corporation, or its
successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
Financial Intermediary: A broker, dealer, bank or other
financial institution or other Person that clears through or
maintains a custodial relationship with a Depository
Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, the greater of
(i) $50,000 and (ii) the product of (x) the greatest Assumed
Monthly Payment Reduction for any Non-Primary Residence Loan
in such Mortgage Pool whose original principal balance was
80% or greater of the Original Value thereof, (y) the
weighted average remaining term to maturity (expressed in
months) of all the Non-Primary Residence Loans remaining in
such Mortgage Pool as of such Anniversary Determination
Date, and (z) the sum of (A) one plus (B) the number of all
remaining Non-Primary Residence Loans in such Mortgage Pool
divided by the total number of Outstanding Mortgage Loans in
such Mortgage Pool as of such Anniversary Determination
Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: As to each Mortgage
Pool, the Distribution Date upon which the related Fraud
Loss Amount has been reduced to zero or a negative number
(or the related Cross-Over Date, if earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date and as to each Mortgage Pool, (x) prior to
the first anniversary of the Cut-off Date, an amount equal
to $5,178,036, in the case of Pool 1, $2,490,483, in the
case of Pool 2 and $1,157,142, in the case of Pool 3, minus
in each case the aggregate amount of Fraud Losses in respect
of such Mortgage Pool that would have been allocated to the
related Junior Certificates in accordance with Section 4.03
in the absence of the applicable Loss Allocation Limitation
since the Cut-off Date, and (y) from the first through the
fifth anniversary of the Cut-off Date, an amount equal to
(1) the lesser of (a) such Fraud Loss Amount as of the most
recent anniversary of the Cut-off Date and (b) 1.00% (from
the first anniversary to but excluding the third anniversary
of the Cut-off Date) or 0.50%
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(from the third through the fifth anniversaries of the
Cut-off Date), of the aggregate outstanding principal
balance of all of the Mortgage Loans in such Mortgage Pool
as of the most recent anniversary of the Cut-off Date minus
(2) the Fraud Losses in respect of such Mortgage Pool that
would have been allocated to the related Junior Certificates
in accordance with Section 4.03 in the absence of the
applicable Loss Allocation Limitation since the most recent
anniversary of the Cut-off Date. After the fifth anniversary
of the Cut-off Date the Fraud Loss Amount for each Mortgage
Pool shall be zero.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 5.65625%.
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by any
insurer pursuant to any other insurance policy covering a
Mortgage Loan.
Insured Expenses: Expenses covered by the Primary
Insurance Policies, if any, or any other insurance policy or
policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates), or Component, the
one-month period ending on the last day of the month
preceding the month in which such Distribution Date occurs.
Interest Loss: (i) With respect to any Realized Loss,
the excess of accrued and unpaid interest due on the related
Mortgage Loan over the amount allocated to interest thereon
in accordance with Section 3.08(d), and (ii) with respect to
any Debt Service Reduction and any calendar month, the
reduction in the amount of interest due on the related
Mortgage Loan during such month as a result of the relevant
bankruptcy proceeding.
The amount of any Interest Loss described in clause (i)
of the preceding paragraph will be allocated among the Base
Servicing Fee, the Supplemental Servicing Fee and the
Certificates of the related Certificate Group in accordance
with Section 3.08(d). The amount of any Interest Loss
described in clause (ii) of the preceding paragraph will be
allocated among the Base Servicing Fee, the Supplemental
Servicing Fee and the Certificates of the related
Certificate Group in proportion to the amount of interest
that would have been allocated to the Base Servicing Fee at
the Base Servicing Fee Rate, the Supplemental Servicing Fee
at the Supplemental Servicing Fee Rate and interest at the
Remittance Rate, respectively, in the absence of the Debt
Service Reduction.
Interest Settlement Rate: With respect to any Interest
Accrual Period, the rate (expressed as a percentage per
annum) for one-month U.S. Dollar deposits reported by the
BBA at 11:00 a.m. London time on the related LIBOR
Determination Date and as it appears on the Designated
Telerate Page.
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Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment, or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(a) partial principal prepayments: one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(b) principal prepayments in full received on or
after the sixteenth day of the month preceding the
month of such Distribution Date (or, in the case of the
first Distribution Date, on or after the Cut-off Date)
but on or before the last day of the month preceding
the month of such Distribution Date, the difference
between (i) one month's interest at the applicable Net
Mortgage Rate on the Scheduled Principal Balance of
such Mortgage Loan immediately prior to such prepayment
and (ii) the amount of interest for the calendar month
of such prepayment (adjusted to the applicable Net
Mortgage Rate) received at the time of such prepayment;
(c) principal prepayments in full received by the
Company (or of which the Company receives notice, in
the case of a Mortgage Loan serviced by a Primary
Servicer) on or after the first day but on or before
the fifteenth day of the month of such Distribution
Date: none; and
(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so prepaid)
at the related Net Mortgage Rate over (ii) 30 days'
interest (or, in the case of a Principal Prepayment in
full, interest to the date of prepayment) on such
Scheduled Principal Balance (or, in the case of a
Principal Prepayment in part, on the amount so prepaid)
at the Net Mortgage Rate required to be paid by the
Mortgagor as limited by application of the Relief Act.
For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of any
Interest Shortfall shall be allocated between the
Certificates of the related Certificate Group and the
Supplemental Servicing Fee in proportion to the amount of
interest that would have been allocated to such Certificates
(at the Remittance Rate) and the Supplemental Servicing Fee
(at the Supplemental Servicing Fee Rate), respectively, in
the absence of such Interest Shortfall.
Junior Certificate: As to each Certificate Group, any
related Class M or Class B Certificate.
Junior Optimal Principal Amount: As to any Distribution
Date and each Certificate Group, an amount equal to the sum
of the following (but in no event greater than the aggregate
Certificate Principal Balance of the related Junior
Certificates immediately prior to such Distribution Date):
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(i) the related Junior Percentage of the applicable
Non-PO Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan in the related
Mortgage Pool as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustment for previous Principal
Prepayments and the principal portion of Debt
Service Reductions in respect of such Mortgage
Pool subsequent to the related Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(other than as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part in respect of the related
Mortgage Pool received during the related
Prepayment Period, and 100% of any related Senior
Optimal Principal Amount not distributed to the
related Senior Certificates on such Distribution
Date, together with the related Junior Prepayment
Percentage of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each Mortgage
Loan in the related Mortgage Pool that was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds in respect of the related Mortgage Pool
allocable to principal received during the related
Prepayment Period (other than in respect of
Mortgage Loans described in clause (B)) and (B)
the principal balance of each Mortgage Loan in the
related Mortgage Pool that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, over (y) the amount
distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount for
the related Certificate Group on such Distribution
Date;
(iv) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan in the
related Mortgage Pool that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan in the related
Mortgage Pool substituted during the month of such
Distribution Date.
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For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the Junior
Certificates in a Certificate Group have been reduced to
zero, the related Junior Optimal Principal Amount shall be
zero.
Junior Percentage: As to any Distribution Date and each
Certificate Group, the excess of 100% over the related
Senior Percentage for such Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date and each Certificate Group, the excess of 100% over the
related Senior Prepayment Percentage for such Distribution
Date, except that (i) after the aggregate Certificate
Principal Balance of the related Senior Certificates other
than, in the case of the Pool 1 Certificates, the Class 1-PO
Certificates, in the case of the Pool 2 Certificates, the
Class 2-PO Certificates and in the case of the Pool 3
Certificates, the Class 3-PO Certificates, has been reduced
to zero, the Junior Prepayment Percentage for such
Certificate Group shall be 100%, and (ii) after the related
Cross-Over Date, the Junior Prepayment Percentage for such
Certificate Group shall be zero.
Latest Possible Maturity Date: With respect to the Pool
1 Trust Fund and the Pool 2 Trust Fund, June 25, 2030. With
respect to the Pool 3 Trust Fund, June 25, 2015.
LIBOR: With respect to any Interest Accrual Period, the
per annum rate determined, pursuant to Section 5.08, on the
basis of the Interest Settlement Rate or as otherwise
provided in such Section.
LIBOR Certificates: Any Class 2-A3 or Class 2-A7
Certificates.
LIBOR Determination Date: The second London Banking Day
immediately preceding the commencement of each Interest
Accrual Period for any LIBOR Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover on behalf of the related Trust
Fund from or on account of such Mortgage Loan have been
recovered, including any Mortgage Loan with respect to which
the Company determines not to foreclose upon the related
Mortgaged Property based on its belief that such Mortgaged
Property may be contaminated with or affected by hazardous
or toxic wastes, materials or substances.
Liquidation Expenses: Expenses which are incurred
by the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company
under any Primary Insurance Policy for reasons other than
the Company's failure to comply with Section 3.05, such
expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any
unreimbursed amount expended
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by the Company pursuant to Section 3.03 or Section 3.06
respecting the related Mortgage Loan and any related and
unreimbursed Property Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of any
defaulted Mortgage Loan whether through judicial foreclosure
or otherwise.
Loan-to-Value Ratio: With respect to each Mortgage
Loan, the original principal amount of such Mortgage Loan,
divided by the Original Value of the related Mortgaged
Property.
London Banking Day: Any day on which banks are open for
dealing in foreign currency and exchange in London, England
and New York City.
Loss Allocation Limitation: As defined in Section
4.03(g).
Lower Tier Balance: As to Pool 2 and each Class of
Lower Tier Interests and any Distribution Date, the initial
Lower Tier Balance thereof set forth or specified in Section
2.05(a) (plus, in the case of any Class of Lower Tier
Interests as to which the Corresponding Class is a Class of
Accrual Certificates or an Accrual Component, an amount
equal to the Accrual Amount for such Corresponding Class for
each previous Distribution Date) less the sum of (i)
aggregate amount of principal allocable thereto on previous
Distribution Dates pursuant to Section 2.05(a) and (ii) any
Realized Losses or Subordinate Certificate Writedown Amount
allocated thereto on previous Distribution Dates.
Lower Tier Interest: As to Pool 2, any one of the
Classes of regular interests in the Lower Tier REMIC
described as such in Section 2.05(a).
Lower Tier Interest Rate: As to Pool 2 and each Lower
Tier Interest, the applicable "Lower Tier Interest Rate," if
any, set forth in Section 2.05(a) hereof.
Lower Tier REMIC: One of the two separate REMICs
comprising the Pool 2 Trust Fund, the assets of which
consist of the Class 2-A9 Interest Account and the assets
and rights specified in clauses (i) through (viii) and
clause (x) of the definition of the term Pool 2 Trust Fund.
MLCC: Merrill Lynch Credit Corporation, or its
successor in interest.
Monthly Advance: With respect to any Distribution Date
and each Mortgage Pool, the aggregate of the advances
required to be made by the Company pursuant to Section
4.04(a) (or by the Trustee pursuant to Section 4.04(b)) on
such Distribution Date in respect of such Mortgage Pool, the
amount of any such Monthly Advance being equal to (a) the
aggregate of payments of principal and interest (adjusted to
the related Remittance Rate) on the Mortgage Loans in such
Mortgage Pool that were due on the related Due Date, without
regard to any arrangements entered into by the Company with
the related Mortgagors pursuant to Section 3.02(a)(ii), and
delinquent as of the close of business on the Business Day
next preceding the related Determination
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Date, less (b) the amount of any such payments which the
Company or the Trustee, as applicable, in its reasonable
judgment believes will not be ultimately recoverable by it
either out of late payments by the Mortgagor, Net
Liquidation Proceeds, Insurance Proceeds, REO Proceeds or
otherwise. With respect to any Mortgage Loan, the portion of
any such advance or advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc., and its
successors.
Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest in real property
securing a Mortgage Note.
Mortgage 100(TM) Loan: A Mortgage Loan identified on
Exhibit N hereof that has a Loan-to-Value Ratio at
origination in excess of 80.00% and that is secured by
Additional Collateral and does not have a Primary Insurance
Policy.
Mortgage File: The mortgage documents listed in Section
2.01 pertaining to a particular Mortgage Loan and any
additional documents required to be added to such documents
pursuant to this Agreement.
Mortgage Loan Payment Record: With respect to each
Mortgage Pool, the record maintained by the Company pursuant
to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans, identified by
Mortgage Pool, included in the applicable Trust Fund. The
initial schedule of Mortgage Loans as of the Cut-off Date is
attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the related Trust
Fund by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist of
a Confirmatory Mortgage Note) evidencing the indebtedness of
a Mortgagor under such Mortgage Loan.
Mortgage Pool: Any of Pool 1, Pool 2 or Pool 3, as
applicable. For purposes hereof, the Pool 1, Pool 2 and Pool
3 Certificates shall relate to Pool 1, Pool 2 and Pool 3,
respectively.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
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Mortgaged Property: The underlying real property
securing the Mortgage Loan, or with respect to a Cooperative
Loan, the related Proprietary Lease and Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date and any Certificate Group, the excess, if
any, of the aggregate Interest Shortfalls allocable to the
Certificates of such Certificate Group (as determined in
accordance with the definition of Interest Shortfall) for
such Distribution Date over any related Compensating
Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated Mortgage
Loan, the sum of (i) any Liquidation Proceeds therefor less
the related Liquidation Expenses, and (ii) any Insurance
Proceeds therefor, other than any such Insurance Proceeds
applied to the restoration of the related Mortgaged
Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Base Servicing
Fee Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss or
Deficient Valuation.
Non-Discount Mortgage Loan: With respect to Pool 1 and
Pool 2, any Mortgage Loan with a Net Mortgage Rate greater
than or equal to 6.75% per annum. With respect to Pool 3,
any Mortgage Loan with a Net Mortgage Rate greater than or
equal to 6.50% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan in
Pool 1 or Pool 2, a fraction (expressed as a percentage),
the numerator of which is the Net Mortgage Rate of such
Discount Mortgage Loan and the denominator of which is
6.75%. As to any Discount Mortgage Loan in Pool 3, a
fraction (expressed as a percentage), the numerator of which
is the Net Mortgage Rate of such Discount Mortgage Loan and
the denominator of which is 6.50%. As to any Non-Discount
Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
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ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise. The
determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class 2-A13 Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution Date
and the Class 2-A13 Certificate, the Class Certificate
Principal Balance of the Class 2-A6 Certificates for such
Distribution Date. As to any Distribution Date and any
Notional Certificate, such Notional Certificate's Percentage
Interest of the aggregate Notional Principal Balance of the
Notional Certificates of the same Class for such
Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth in
the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was not
the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a) or 3.16 or replaced
pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any Outstanding
Mortgage Loan that is a Non-Discount Mortgage Loan.
PAC Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such
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Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
PAC Certificate: None.
PAC Component: None.
Parent Power(TM) Loan: A Mortgage Loan identified on
Exhibit N hereto that has a Loan-to-Value Ratio at
origination in excess of 80.00%, that is supported by
Additional Collateral and does not have a Primary Insurance
Policy.
Pay-out Rate: With respect to any Class of Certificates
(other than any Class of Principal Only Certificates) and
any Distribution Date, the rate at which interest is
distributed on such Class on such Distribution Date and
which is equal to a fraction (expressed as an annualized
percentage) the numerator of which is the Accrued
Certificate Interest for such Class and Distribution Date,
and the denominator of which is the Class Certificate
Principal Balance (or, in the case of the Notional
Certificates, the Notional Principal Balance) of such Class
immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the related Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance) thereof
divided by the aggregate Initial Certificate Principal
Balance (or, in the case of a Notional Certificate, the
aggregate initial Notional Principal Balance) of all
Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United States
or any agency or instrumentality thereof when such
obligations are backed by the full faith and credit of
the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating Agency
in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of acquisition
thereof have been rated by each Rating Agency in the
highest long-term rating category;
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(iv) commercial paper of any corporation
incorporated under the laws of the United States or any
state thereof which on the date of acquisition has the
highest short term rating of each Rating Agency; and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments
shall not include "stripped securities" and investments
which contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or
political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
Pledged Asset Loan-to-Value Ratio: With respect to any
Pledged Asset Mortgage Loan, (i) the original loan amount
less the portion of any required Additional Collateral which
is covered by the Surety Bond, divided by (ii) the Original
Value of the related Mortgaged Property.
Pledged Asset Mortgage Loan: Each Mortgage 100(TM) Loan
and Parent Power(TM) Loan purchased from MLCC that is supported
by Additional Collateral and identified on Exhibit N hereto.
Pledged Asset Mortgage Servicing Agreement: The Pledged
Asset Mortgage Servicing Agreement, dated as of July 31,
1997 between MLCC and the Company.
PO Percentage: As to any Discount Mortgage Loan in Pool
1 or Pool 2, a fraction (expressed as a percentage), the
numerator of which is the excess of 6.75% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 6.75%. As to any Discount Mortgage
Loan in Pool 3, a fraction (expressed as a percentage), the
numerator of which is the excess of 6.50% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 6.50%. As to any No Discount
Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the applicable PO Percentage of:
(i) the related principal portion of each Monthly
Payment due on the related Due Date on each
Outstanding Mortgage Loan in the related
Mortgage Pool as of such Due Date as
specified in the
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amortization schedule at the time applicable
thereto (after adjustments for previous
Principal Prepayments and the principal
portion of Debt Service Reductions, each in
respect of such Mortgage Pool, subsequent to
the related Bankruptcy Coverage Termination
Date but before any adjustment to such
amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar
proceeding or any moratorium or similar
waiver or grace period);
(ii) all principal prepayments in part in respect
of the related Mortgage Pool received during
the related Prepayment Period, together with
the Scheduled Principal Balance (as reduced
by any Deficient Valuation in respect of such
Mortgage Pool occurring on or prior to the
related Bankruptcy Coverage Termination Date)
of each Mortgage Loan in the related Mortgage
Pool that was the subject of a Voluntary
Principal Prepayment in full during the
related Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds
in respect of the related Mortgage Pool
allocable to principal received in respect of
each Mortgage Loan in the related Mortgage
Pool that became a Liquidated Mortgage Loan
during the related Prepayment Period (other
than Mortgage Loans described in clause (B))
and (B) the principal balance of each
Mortgage Loan in the related Mortgage Pool
purchased by an insurer from the Trustee
pursuant to the related Primary Insurance
Policy, in each case during the related
Prepayment Period;
(iv) the Scheduled Principal Balance (as reduced
by any Deficient Valuation in respect of such
Mortgage Pool occurring on or prior to the
related Bankruptcy Coverage Termination Date)
of each Mortgage Loan in the related Mortgage
Pool that was purchased on such Distribution
Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the Substitution Amount for any Mortgage Loan
in the related Mortgage Pool substituted
during the month of such Distribution Date;
for purposes of this clause (v), the
definition of "Substitution Amount" shall be
modified to reduce the Scheduled Principal
Balance of the Mortgage Loan that is
substituted for by any Deficient Valuation in
respect of such Mortgage Pool occurring on or
prior to the related Bankruptcy Coverage
Termination Date.
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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Pool 1: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 1 Mortgage Loans.
Pool 1 Certificate: Any Pool 1 Senior Certificate or
Pool 1 Junior Certificate.
Pool 1 Certificate Account: The trust account or
accounts in respect of Pool 1 created and maintained with
the Trustee pursuant to Section 3.02 and which must be an
Eligible Account.
Pool 1 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 1 Group I Senior Certificates
has been reduced to zero.
Pool 1 Group I Senior Certificate: Any Class 1-A1,
Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class
1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16 or
Class 1-R Certificate.
Pool 1 Group I Senior Principal Distribution Amount: As
defined in Section 4.01(a)(iii)(B).
Pool 1 Group II Senior Certificate: Any Class 1-A11 or
Class 1-A17 Certificate.
Pool 1 Group II Senior Distribution Percentage: 0%
through the Distribution Date in June 2003; 30% thereafter
through the Distribution Date in June 2004; 40% thereafter
through the Distribution Date in June 2005; 60% thereafter
through the Distribution Date in June 2006; 80% thereafter
through the Distribution Date in June 2007; and 100%
thereafter.
Pool 1 Group II Senior Percentage: With respect to any
Distribution Date, the percentage (carried to six decimal
places rounded up) obtained by dividing (x) the aggregate
Class Certificate Principal Balance of the Class 1-A11 and
Class 1-A17 Certificates immediately preceding such
Distribution Date, by (y) the aggregate Class Certificate
Principal Balance of the Pool 1 Senior Certificates (other
than the Class 1-PO Certificates) immediately preceding such
Distribution Date.
Pool 1 Group II Senior Principal Distribution Amount:
With respect to any Distribution Date, the product of (a)
the Senior Optimal Principal Amount in respect of Pool 1 for
such date multiplied by (b) the Pool 1 Group II Senior
Percentage for such date multiplied by (c) the Pool 1 Group
II Senior Distribution Percentage for such date.
Notwithstanding the foregoing, (i) on the Pool 1 Group I
Final Distribution Date, the Pool 1 Group II Senior
Principal Distribution Amount will be increased by any
portion of the Senior Optimal Principal Amount in respect of
Pool 1 remaining after distributions of principal have been
made on the Pool 1 Group I Senior Certificates and (ii)
following the Pool 1 Group I Final Distribution Date, the
Pool 1 Group II Senior Principal Distribution Amount will
equal the Senior Optimal Principal Amount in respect of Pool
1.
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Pool 1 Junior Certificate: Any Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4 or Class 1-B5
Certificate.
Pool 1 Mortgage Loan: A Mortgage Loan identified as a
Pool 1 Mortgage Loan in the Mortgage Loan Schedule.
Pool 1 Senior Certificate: Any Class 1-A1, Class 1-A2,
Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6, Class 1-A7,
Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11, Class
1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-R or Class 1-PO Certificate.
Pool 1 Trust Fund: The corpus of the trust created by
this Agreement evidenced by the Pool 1 Certificates and
consisting of:
(i) the Pool 1 Mortgage Loans;
(ii) all payments on or collections in respect of
such Pool 1 Mortgage Loans, except as otherwise
described in the first paragraph of Section 2.01
including the proceeds from the liquidation of any
Additional Collateral for any Pledged Asset Mortgage
Loan in Pool 1;
(iii) the obligation of the Company to deposit in
the Pool 1 Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a) in respect of
Pool 1, and the obligation of the Trustee to deposit in
the Pool 1 Certificate Account any amount required
pursuant to Section 4.04(b) in respect of Pool 1;
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan in Pool 1 pursuant
to Section 2.02 or 2.03;
(v) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan in Pool 1;
(vi) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Pool 1 Mortgage Loans, and the Company's interest
in the Surety Bond in respect of Pool 1 transferred to
the Trustee pursuant to Section 2.01;
(vii) the Pool 1 Certificate Account established
pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established in respect of Pool 1 pursuant to Section
3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class 1-B4 and
Class 1-B5 Certificates, respectively, under any
agreements entered into between either such holder and
the Company pursuant to Section 3.08(e); and
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(x) all rights of the Company as assignee under
any security agreements, pledge agreements or
guarantees relating to the Additional Collateral
supporting any Pledged Asset Mortgage Loan in Pool 1.
Pool Scheduled Principal Balance: With respect to any
Distribution Date and each Mortgage Pool, the aggregate
Scheduled Principal Balance of all the Mortgage Loans in
such Mortgage Pool that were Outstanding Mortgage Loans on
the Due Date in the month next preceding the month of such
Distribution Date (or, in the case of the first Distribution
Date, the Cut-off Date; or, if so specified, such other
date).
Pool 2: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 2 Mortgage Loans.
Pool 2 Certificate: Any Pool 2 Senior Certificate or
Pool 2 Junior Certificate.
Pool 2 Certificate Account: The trust account or
accounts in respect of Pool 2 created and maintained with
the Trustee pursuant to Section 3.02 and which must be an
Eligible Account.
Pool 2 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 2 Group I Senior Certificates
has been reduced to zero.
Pool 2 Group I Senior Certificate: Any Class 2-A1,
Class 2-A2, Class 2-A3, Class 2-A5, Class 2-A6, Class 2-A7,
Class 2-A8, Class 2-A9, Class 2-A10, Class 2-A11, Class
2-A12, Class 2-A13, Class 2-A14, Class 2-A15, Class 2-A16,
Class 2-R or Class 2-RL Certificate.
Pool 2 Group I Senior Principal Distribution Amount: As
defined in Section 4.01(b)(iii)(B).
Pool 2 Group II Senior Certificate: Any Class 2-A4
Certificate.
Pool 2 Junior Certificate: Any Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
Pool 2 Mortgage Loan: A Mortgage Loan identified as a
Pool 2 Mortgage Loan in the Mortgage Loan Schedule.
Pool 2 Senior Certificate: Any Class 2-A1, Class 2-A2,
Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7,
Class 2-A8, Class 2-A9, Class 2-A10, Class 2-A11, Class
2-A12, Class 2-A13, Class 2-A14, Class 2-A15, Class 2-A16,
Class 2-R, Class 2-RL or Class 2-PO Certificate.
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Pool 2 Trust Fund: The corpus of the trust created by
this Agreement evidenced by the Pool 2 Certificates and
consisting of:
(i) the Pool 2 Mortgage Loans;
(ii) all payments on or collections in respect of
such Pool 2 Mortgage Loans, except as otherwise
described in the first paragraph of Section 2.01
including the proceeds from the liquidation of any
Additional Collateral for any Pledged Asset Mortgage
Loan in Pool 2;
(iii) the obligation of the Company to deposit in
the Pool 2 Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a) in respect of
Pool 2, and the obligation of the Trustee to deposit in
the Pool 2 Certificate Account any amount required
pursuant to Section 4.04(b) in respect of Pool 2;
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan in Pool 2 pursuant
to Section 2.02 or 2.03;
(v) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan in Pool 2;
(vi) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Pool 2 Mortgage Loans, and the Company's interest
in the Surety Bond in respect of Pool 2 transferred to
the Trustee pursuant to Section 2.01;
(vii) the Pool 2 Certificate Account established
pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established in respect of Pool 2 pursuant to Section
3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class 2-B4 and
Class 2-B5 Certificates, respectively, under any
agreements entered into between either such holder and
the Company pursuant to Section 3.08(e); and
(x) all rights of the Company as assignee under
any security agreements, pledge agreements or
guarantees relating to the Additional Collateral
supporting any Pledged Asset Mortgage Loan in Pool 2.
Pool 3: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 3 Mortgage Loans.
Pool 3 Certificate: Any Pool 3 Senior Certificate or
Pool 3 Junior Certificate.
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Pool 3 Certificate Account: The trust account or
accounts in respect of Pool 3 created and maintained with
the Trustee pursuant to Section 3.02 and which must be an
Eligible Account.
Pool 3 Junior Certificate: Any Class 3-M, Class 3-B1,
Class 3-B2, Class 3-B3, Class 3-B4 or Class 3-B5
Certificate.
Pool 3 Mortgage Loan: A Mortgage Loan identified as a
Pool 3 Mortgage Loan in the Mortgage Loan Schedule.
Pool 3 Senior Certificate: Any Class 3-A, Class 3-R or
Class 3-PO Certificate.
Pool 3 Trust Fund: The corpus of the trust created by
this Agreement evidenced by the Pool 3 Certificates and
consisting of:
(i) the Pool 3 Mortgage Loans;
(ii) all payments on or collections in respect of
such Pool 3 Mortgage Loans, except as otherwise
described in the first paragraph of Section 2.01
including the proceeds from the liquidation of any
Additional Collateral for any Pledged Asset Mortgage
Loan in Pool 3;
(iii) the obligation of the Company to deposit in
the Pool 3 Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a) in respect of
Pool 3, and the obligation of the Trustee to deposit in
the Pool 3 Certificate Account any amount required
pursuant to Section 4.04(b) in respect of Pool 3;
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan in Pool 3 pursuant
to Section 2.02 or 2.03;
(v) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan in Pool 3;
(vi) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Pool 3 Mortgage Loans, and the Company's interest
in the Surety Bond in respect of Pool 3 transferred to
the Trustee pursuant to Section 2.01;
(vii) the Pool 3 Certificate Account established
pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established in respect of Pool 3 pursuant to Section
3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class 3-B4 and
Class 3-B5 Certificates, respectively, under any
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agreements entered into between either such holder and
the Company pursuant to Section 3.08(e); and
(x) all rights of the Company as assignee under
any security agreements, pledge agreements or
guarantees relating to the Additional Collateral
supporting any Pledged Asset Mortgage Loan in Pool 3.
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 0.2% per year in the first month, increase by 0.2% per
year in each succeeding month until month 30, ending at 6.0%
per year. At such time, the rate remains constant at 6.0%
per year for the balance of the remaining term. Multiples of
the Prepayment Assumption are calculated from this
prepayment rate series.
Prepayment Assumption Multiple: 275% of the Prepayment
Assumption.
Prepayment Distribution Trigger: As of any Distribution
Date and as to each Class of Class B Certificates, the
related Prepayment Distribution Trigger is satisfied if (x)
the fraction, expressed as a percentage, the numerator of
which is the aggregate Class Certificate Principal Balance
of such Class and each Class of the related Certificate
Group subordinate thereto, if any, on such Distribution
Date, and the denominator of which is the Pool Scheduled
Principal Balance for the related Mortgage Pool for such
Distribution Date, equals or exceeds (y) such percentage
calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage Loan
serviced by a Primary Servicer shall be deemed to have been
received when the Company, as servicer, receives notice
thereof. All Prepayment Interest Excess shall be retained by
the Company, as servicer, as additional servicing
compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or other
Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cut-off Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the
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information contained in such certificate of private
mortgage insurance, including, without limitation,
information relating to the name of the mortgage insurance
carrier, the certificate number, the loan amount, the
property address, the effective date of coverage, the amount
of coverage and the expiration date of the policy. Each such
policy covers defaults by the Mortgagor, which coverage
shall equal the portion of the unpaid principal balance of
the related Mortgage Loan that exceeds 75% (or such lesser
coverage required or permitted by FNMA or FHLMC) of the
Original Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates and
TAC Components, and the Scheduled Balances of any Scheduled
Certificates and Scheduled Components.
Principal Only Certificate: With respect to Pool 1, any
Class 1-PO Certificate. With respect to Pool 2, any Class
2-PO Certificate. With respect to Pool 3, any Class 3-PO
Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01 and any REO
Proceeds treated as such pursuant to Section 3.08(b)) which
is received in advance of its scheduled Due Date and is not
accompanied by an amount of interest representing scheduled
interest for any month subsequent to the month of
prepayment.
Private Placement Memorandum: Any of the private
placement memoranda dated June 23, 1998 relating to the
Restricted Junior Certificates.
Prohibited Transaction Exemption: With respect to
Credit Suisse First Boston Corporation, U.S. Department of
Labor Prohibited Transaction Exemption ("PTE") 89-90, 54
Fed. Reg. 42597, October 17, 1989. With respect to Salomon
Brothers Inc, PTE 89-89, 54 Fed. Reg. 42589, October 17,
1989.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the extent
the Company is not reimbursed therefor pursuant to the
Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan,
the proprietary lease(s) or occupancy agreement with respect
to the Cooperative Apartment occupied by
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the Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the
holder of such Cooperative Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from a Trust
Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the Company
is the servicer hereunder, such purchase price shall be net
of unreimbursed Monthly Advances with respect to such
Mortgage Loan, and the interest component of the Purchase
Price may be computed on the basis of the Remittance Rate
for such Mortgage Loan.
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency, or
its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References herein
to the two highest long-term rating categories of a Rating
Agency shall mean such ratings without any modifiers. As of
the date of the initial issuance of the Certificates, the
Rating Agencies are Fitch and S&P; except that for purposes
of the Pool 1 Junior Certificates and Pool 2 Junior
Certificates (other than the related Class B5 Certificates),
Fitch shall be the sole Rating Agency; and for purposes of
the Pool 3 Junior Certificates (other than the Class 3-B5
Certificates), S&P shall be the sole Rating Agency. The
Class B5 Certificates shall not be rated.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through the
last day of the month of such liquidation less (y) the
related Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief Act
of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to which
the Monthly Payment thereof has been reduced due to the
application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
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REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Department of the Treasury temporary or
final regulations promulgated thereunder, as the foregoing
may be in effect from time to time, as well as provisions of
applicable state laws.
Remittance Rate: With respect to any Mortgage Loan, the
related Mortgage Rate less the sum of the applicable Base
Servicing Fee Rate and the Supplemental Servicing Fee Rate.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the related Trust
Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Required Surety Payment: With respect to any Pledged
Asset Mortgage Loan that becomes a Liquidated Mortgage Loan,
the lesser of (i) the principal portion of the Realized Loss
with respect to such Mortgage Loan and (ii) the excess, if
any, of (a) the amount of Additional Collateral required at
origination with respect to such Mortgage Loan which is
covered by the Surety Bond over (b) the net proceeds
realized by MLCC from the liquidation of the related
Additional Collateral.
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class 1-R, Class 2-R, Class
2-RL or Class 3-R Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
and, also, with respect to a particular matter, any other
officer to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular
subject.
Restricted Certificate: Any Restricted Junior
Certificate or Class PO Certificate.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
S&P: Standard & Poor's Ratings Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
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S&P Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, the greater of
(i) $100,000 and (ii) the product of (x) 0.06% and (y) the
Scheduled Principal Balance of each Mortgage Loan remaining
in such Mortgage Pool whose original principal balance was
75% or greater of the Original Value thereof.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates or any Scheduled Component,
the balance designated as such for such Distribution Date
and such Class or Component as set forth in the Principal
Balance Schedules.
Scheduled Certificates: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next preceding
the month of such Distribution Date (or, if so specified,
such other date) as specified in the amortization schedule
at the time relating to such Mortgage Loan (before any
adjustment to such amortization schedule by reason of any
bankruptcy or similar proceeding or any moratorium or
similar waiver or grace period) after giving effect to any
previous Principal Prepayments, Deficient Valuations
incurred subsequent to the related Bankruptcy Coverage
Termination Date, adjustments due to the application of the
Relief Act and the payment of principal due on such Due
Date, irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the Cut-off
Date, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative Loan,
the agreement creating a security interest in favor of the
originator in the related Cooperative Stock and Proprietary
Lease.
Senior Certificate: Any Pool 1 Senior Certificate, Pool
2 Senior Certificate or Pool 3 Senior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date and as to each Certificate Group, an
amount equal to the sum of the Certificate Principal
Balances of the related Senior Certificates (other than the
related Class PO Certificates).
Senior Optimal Principal Amount: As to any Distribution
Date and each Certificate Group, an amount equal to the sum
of:
(i) the related Senior Percentage of the
applicable Non-PO Percentage of the
principal portion of each Monthly
Payment due on the related Due Date on
each Outstanding Mortgage Loan in the
related Mortgage Pool as of such Due
Date as specified in the
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amortization schedule at the time applicable
thereto (after adjustments for previous
Principal Prepayments and the principal
portion of Debt Service Reductions in
respect of such Mortgage Pool subsequent
to the related Bankruptcy Coverage
Termination Date but before any
adjustment to such amortization schedule
by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any
moratorium or similar waiver or grace
period);
(ii) the related Senior Prepayment Percentage
of the applicable Non-PO Percentage of
all principal prepayments in part in
respect of the related Mortgage Pool
received during the related Prepayment
Period, together with the related Senior
Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan
in the related Mortgage Pool which was
the subject of a Voluntary Principal
Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the related Senior
Percentage of the applicable Non-PO
Percentage of the sum of (A) the
Scheduled Principal Balance of each
Mortgage Loan in the related Mortgage
Pool that became a Liquidated Mortgage
Loan (other than Mortgage Loans
described in clause (B)) during the
related Prepayment Period and (B) the
Scheduled Principal Balance of each
Mortgage Loan in the related Mortgage
Pool that was purchased by an insurer
from the Trustee during the related
Prepayment Period pursuant to the
related Primary Insurance Policy, as
reduced in each case by the related
Senior Percentage of the applicable
Non-PO Percentage of the principal
portion of any Excess Losses in respect
of the related Mortgage Pool (other than
Excess Bankruptcy Losses attributable to
Debt Service Reductions), and (y) the
related Senior Prepayment Percentage of
the applicable Non-PO Percentage of the
sum of (A) all Net Liquidation Proceeds
allocable to principal received in
respect of each such Liquidated Mortgage
Loan in the related Mortgage Pool (other
than Mortgage Loans described in clause
(B)) and (B) the principal balance of
each such Mortgage Loan in the related
Mortgage Pool purchased by an insurer
from the Trustee pursuant to the related
Primary Insurance Policy, in each case
during the related Prepayment Period;
(iv) the related Senior Prepayment Percentage
of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each
Mortgage Loan in the related Mortgage
Pool which was purchased on such
Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the related Senior Prepayment Percentage
of the applicable Non-PO Percentage of
the Substitution Amount for any Mortgage
Loan
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in the related Mortgage Pool
substituted during the month of such
Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with r espect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, rec eives notice thereof.
Senior Percentage: As to any Distribution Date and each
Certificate Group, the lesser of (i) 100% and (ii) the
percentage (carried to six places rounded up) obtained by
dividing the Senior Certificate Principal Balance for such
Certificate Group immediately prior to such Distribution
Date by an amount equal to the sum of the Certificate
Principal Balances of all the Certificates in such
Certificate Group other than the related Class PO
Certificates, immediately prior to such Distribution
Date.
Senior Prepayment Percentage: As to each Certificate
Group, for any Distribution Date occurring prior to the
fifth anniversary of the first Distribution Date, 100%. As
to each Certificate Group, for any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to
June 2003 to and including the
Distribution Date in June 2004, the
related Senior Percentage for such
Distribution Date plus 70% of the
related Junior Percentage for such
Distribution Date;
(ii) for any Distribution Date subsequent to
June 2004 to and including the
Distribution Date in June 2005, the
related Senior Percentage for such
Distribution Date plus 60% of the
related Junior Percentage for such
Distribution Date;
(iii) for any Distribution Date subsequent to
June 2005 to and including the
Distribution Date in June 2006, the
related Senior Percentage for such
Distribution Date plus 40% of the
related Junior Percentage for such
Distribution Date;
(iv) for any Distribution Date subsequent to
June 2006 to and including the
Distribution Date in June 2007, the
related Senior Percentage for such
Distribution Date plus 20% of the
related Junior Percentage for such
Distribution Date; and
(v) for any Distribution Date thereafter,
the related Senior Percentage for such
Distribution Date.
Notwithstanding the foregoing, if on any Distribution Date
the related Senior Percentage exceeds the related Senior
Percentage as of the Closing Date, the Senior Prepayment
Percentage for such Certificate Group for such Distribution
Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage for a Certificate Group
below the level in effect for the most recent prior
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period as set forth in clauses (i) through (iv) above shall be
effective on any Distribution Date unless at least one of
the following two tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool is delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) as a percentage of
the aggregate Class Certificate Principal Balance of
the related Junior Certificates as of such date, does
not exceed 50%, and (ii) cumulative Realized Losses
with respect to the Mortgage Loans in the related
Mortgage Pool do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the related
Junior Certificates as of the Closing Date (the
"Original Subordinate Principal Balance" for such
Certificate Group) if such Distribution Date occurs
between and including July 2003 and June 2004, (b) 35%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including July 2004 and June 2005, (c) 40%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including July 2005 and June 2006, (d) 45%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including July 2006 and June 2007 and (e)
50% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date occurs
during or after July 2007; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) averaged over the
last three months, as a percentage of the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans in
the related Mortgage Pool do not exceed (a) 10% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including July 2003 and June 2004, (b) 15%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including July 2004 and June 2005, (c) 20%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including July 2005 and June 2006, (d) 25%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including July 2006 and June 2007, and (e)
30% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date occurs
during or after July 2007.
Servicer's Certificate: A certificate, completed by and
executed on behalf of the Company by a Servicing Officer in
accordance with Section 4.06, substantially in the form of
Exhibit D hereto or in such other form as the Company and
the Trustee shall agree.
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Servicing Fee: As to any Mortgage Loan and Distribution
Date, the sum of (a) the Base Servicing Fee and (b) the
Supplemental Servicing Fee.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of servicing
officers attached to an Officer's Certificate furnished to
the Trustee by the Company, as such list may from time to
time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional Principal
Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered by a
Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the
part of the Trustee, the Company or any
of their agents or employees; or
(3) errors in design, faulty workmanship or
faulty materials, unless the collapse of
the property or a part thereof ensues;
or (ii) any Realized Loss suffered by a Trust Fund arising
from or related to the presence or suspected presence of
hazardous wastes or hazardous substances on a Mortgaged
Property unless such loss to a Mortgaged Property is covered
by a hazard policy or a flood insurance policy required to
be maintained in respect of such Mortgaged Property under
Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $5,178,036, in the case of Pool 1,
$4,121,887, in the case of Pool 2, and $2,077,566, in the
case of Pool 3, minus, in each case, the sum of (i) the
aggregate amount of Special Hazard Losses in respect of such
Mortgage Pool that would have been allocated to the related
Junior Certificates in accordance with Section 4.03 in the
absence of the Loss Allocation Limitation and (ii) the
related Adjustment Amount (as defined below) as most
recently calculated. On each anniversary of the Cut-off
Date, the "Adjustment Amount" for each Mortgage Pool shall
be equal to the amount, if any, by which the amount
calculated in accordance with the preceding sentence for
such Mortgage Pool (without giving effect to the deduction
of the related Adjustment Amount for such anniversary)
exceeds the lesser of (x) the greater of (A) the product of
the Special Hazard Percentage for such Mortgage Pool for
such anniversary multiplied by the outstanding principal
balance of all the Mortgage Loans in such Mortgage Pool on
the Distribution Date immediately preceding such
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<PAGE>
anniversary and (B) twice the outstanding principal balance
of the Mortgage Loan in such Mortgage Pool that has the
largest outstanding principal balance on the Distribution
Date immediately preceding such anniversary, and (y) an
amount calculated by the Company and approved by each Rating
Agency, which amount shall not be less than $500,000.
Special Hazard Percentage: With respect to each
Mortgage Pool and as of each anniversary of the Cut-off
Date, the greater of (i) 1.00% and (ii) the largest
percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans in such
Mortgage Pool secured by Mortgaged Properties located in a
single, five-digit zip code area in the State of California
by (y) the outstanding principal balance of all the Mortgage
Loans in such Mortgage Pool as of the immediately preceding
Distribution Date.
Special Hazard Termination Date: With respect to each
Mortgage Pool, the Distribution Date upon which the Special
Hazard Loss Amount for such Mortgage Pool has been reduced
to zero or a negative number (or the related Cross-Over
Date, if earlier).
Startup Day: As defined in Section 2.05(c).
Subordinate Certificates: As to any date of
determination and each Certificate Group, first, the related
Class B5 Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; second, the
related Class B4 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; third,
the related Class B3 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; fourth, the related Class B2 Certificates until the
Class Certificate Principal Balance thereof has been reduced
to zero; fifth, the related Class B1 Certificates until the
Class Certificate Principal Balance thereof has been reduced
to zero; and sixth, the related Class M Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, in the case of the Pool 1
Certificates, any amount distributed to the Class 1-PO
Certificates on such Distribution Date pursuant to Section
4.01(a)(iv), in the case of the Pool 2 Certificates, any
amount distributed to the Class 2-PO Certificates on such
Distribution Date pursuant to Section 4.01(b)(iv) and, in
the case of the Pool 3 Certificates, any amount distributed
to the Class 3-PO Certificates on such Distribution Date
pursuant to Section 4.01(c)(iv), and second, after giving
effect to the application of the applicable portion of
clause first above, the amount by which (i) the sum of the
Class Certificate Principal Balances of all the Certificates
in the related Certificate Group (after giving effect to the
distribution of principal and the application of Realized
Losses in reduction of the Certificate Principal Balances of
the related Certificates on such Distribution Date) exceeds
(ii) the Pool Scheduled Principal Balance of the related
Mortgage Pool on the first day of the month of such
Distribution Date less any Deficient Valuations occurring in
respect of the Mortgage Loans in such Mortgage Pool on or
prior to the related Bankruptcy Coverage Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the
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Mortgage Loan that is substituted for, over (y) the
Scheduled Principal Balance of the related substitute
Mortgage Loan, each balance being determined as of the date
of substitution.
Supplemental Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i) the
Scheduled Principal Balance of such Mortgage Loan as of the
Due Date in the preceding calendar month and (ii) the
Supplemental Servicing Fee Rate for such Mortgage Loan. The
Supplemental Servicing Fee for any Distribution Date shall
be reduced by its allocable share of Interest Shortfalls (as
provided in the definition thereof) and any Interest Losses
(in accordance with Section 3.08(d)).
Supplemental Servicing Fee Rate: As to any Mortgage
Loan and Distribution Date, a fixed rate per annum equal to
the excess, if any, of the Net Mortgage Rate thereof over
6.75%, in the case of Pool 1 and Pool 2, and 6.50%, in the
case of Pool 3.
Surety: Ambac Assurance Corporation, or its successors
in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy
No. AB0039BE), dated February 28, 1996, issued by the Surety
for the benefit of certain beneficiaries, including the
Trustee for the benefit of the Holders of the Certificates,
but only to the extent that such Limited Purpose Surety Bond
covers any Pledged Asset Mortgage Loans.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates or any TAC Component, the balance
designated as such for such Distribution Date and such Class
or Component as set forth in the Principal Balance
Schedules.
TAC Certificate: Any Class 1-A12, Class 1-A13, Class
1-A15, Class 2-A1, Class 2-A2, Class 2-A5, Class 2-A6, Class
2-A8, Class 2-A9, Class 2-A10, Class 2-A11, Class 2-A12,
Class 2-A14, Class 2-A15 or Class 2-A16 Certificate.
TAC Component: None.
Trigger Event: Any one or more of the following: (i) if
the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric Capital
Corporation is no longer obligated pursuant to the terms of
the support agreement, dated as of October 1, 1990, between
General Electric Capital Corporation and the Company, to
maintain the Company's net worth or liquidity (as such terms
are defined therein) at the levels specified therein, or if
such support agreement, including any amendment thereto, has
been breached, terminated or otherwise held to be
unenforceable and (iv) if such support agreement, including
any amendment thereto, is amended or modified.
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Trust Fund: Either the Pool 1 Trust Fund, the Pool 2
Trust Fund or the Pool 3 Trust Fund, as the case may be.
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such successor
trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(h)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates), the amount, if any, by which
the aggregate of the Class Interest Shortfalls for such
Class for prior Distribution Dates is in excess of the
aggregate amounts distributed on prior Distribution Dates to
Holders of such Class of Certificates (or added to the Class
Certificate Principal Balance of any Class of Accrual
Certificates, or to the Component Principal Balance of any
Accrual Component) pursuant to Section 4.01(a)(ii), in the
case of the Pool 1 Senior Certificates (other than any Class
of Principal Only Certificates), and any Component thereof
(other than any Principal Only Component), Section
4.01(a)(vi), in the case of the Class 1-M Certificates,
Section 4.01(a)(ix), in the case of the Class 1-B1
Certificates, Section 4.01(a)(xii), in the case of the Class
1-B2 Certificates, Section 4.01(a)(xv), in the case of the
Class 1-B3 Certificates, Section 4.01(a)(xviii), in the case
of the Class 1-B4 Certificates, Section 4.01(a)(xxi), in the
case of the Class 1-B5 Certificates, Section 4.01(b)(ii), in
the case of the Pool 2 Senior Certificates and any Component
thereof, Section 4.01(b)(vi), in the case of the Class 2-M
Certificates, Section 4.01(b)(ix), in the case of the Class
2-B1 Certificates, Section 4.01(b)(xii), in the case of the
Class 2-B2 Certificates, Section 4.01(b)(xv), in the case of
the Class 2-B3 Certificates, Section 4.01(b)(xviii), in the
case of the Class 2-B4 Certificates, Section 4.01(b)(xxi),
in the case of the Class 2-B5 Certificates, in the case of
the Pool 3 Senior Certificates and any Component thereof,
Section 4.01(c)(vi), in the case of the Class 3-M
Certificates, Section 4.01(c)(ix), in the case of the Class
3-B1 Certificates, Section 4.01(c)(xii), in the case of the
Class 3-B2 Certificates, Section 4.01(c)(xv), in the case of
the Class 3-B3 Certificates, Section 4.01(c)(xviii), in the
case of the Class 3-B4 Certificates, and Section
4.01(c)(xxi), in the case of the Class 3-B5 Certificates.
Upper Tier REMIC: One of the two separate REMICs
comprising the Pool 2 Trust Fund, the assets of which
consist of the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan.
Voting Rights: The portion of the voting rights of all
the Certificates of a Certificate Group that is allocated to
any Certificate for purposes of the voting provisions of
Section 10.01. At all times during the term of this
Agreement, all Voting Rights for
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the Pool 1 Certificates and the Pool 3 Certificates,
respectively, shall be allocated among the related Classes
in proportion to their aggregate Class Certificate Principal
Balances (and among the Certificates of each such Class in
proportion to their Certificate Principal Balances). At all
times during the term of this Agreement, all Voting Rights
for the Pool 2 Certificates shall be allocated so that the
Class 2-A13 Certificates are allocated 1% of such Voting
Rights and all other Pool 2 Certificates, in the aggregate,
are allocated 99% of such Voting Rights. Voting Rights
allocated to the Pool 2 Certificates other than the Class
2-A13 Certificates shall be allocated among such Classes in
proportion to their aggregate Class Certificate Principal
Balances (and among the Certificates of each such Class in
proportion to their Certificate Principal Balances). Voting
Rights allocated to the Class 2-A13 Certificates shall be
allocated among the Certificates of such Class in proportion
to their Notional Principal Balances.
ARTICLE II.
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee, in respect of the related Trust Fund,
without recourse (except as provided herein) all the right, title
and interest of the Company in and to the Pool 1 Mortgage Loans
(in the case of the Pool 1 Trust Fund), the Pool 2 Mortgage Loans
(in the case of the Pool 2 Trust Fund) and the Pool 3 Mortgage
Loans (in the case of the Pool 3 Trust Fund), including all
interest and principal received by the Company on or with respect
to the related Mortgage Loans (other than payments of principal
and interest due and payable on such Mortgage Loans on or before,
and all Principal Prepayments received before, the Cut-off Date).
In addition, with respect to any Pledged Asset Mortgage
Loan, the Company does hereby transfer, assign, set-over and
otherwise convey to the Trustee, in respect of the related Trust
Fund, without recourse (except as provided herein) (i) its rights
as assignee under any security agreements, pledge agreements or
guarantees relating to the Additional Collateral supporting any
Pledged Asset Mortgage Loan, (ii) its security interest in and to
any Additional Collateral, (iii) its right to receive payments in
respect of any Pledged Asset Mortgage Loan pursuant to the
Pledged Asset Mortgage Servicing Agreement, and (iv) its rights
as beneficiary under the Surety Bond in respect of any Pledged
Asset Mortgage Loan.
(b) In connection with such transfer and assignment,
the Company does hereby deliver to the Trustee, in respect of the
related Trust Fund, the following documents or instruments with
respect to:
(1) Each Mortgage Loan (other than any Cooperative
Loan or Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without
recourse in blank by the Company, and showing an
unbroken chain of endorsements from the originator
to the Company; provided, however, that if such
Mortgage Note
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is a Confirmatory Mortgage Note, such Confirmatory
Mortgage Note may be payable directly to the
Company or may show a complete chain of
endorsement from the named payee to the Company;
(ii) Any assumption and modification
agreement; and
(iii) An assignment in recordable form (which
may be included in a blanket assignment or
assignments) of the Mortgage to the Trustee; and
(2) Each Cooperative Loan (other than a Designated
Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without
recourse in blank by the Company, and showing an
unbroken chain of endorsements from the originator
to the Company; provided, however, that if such
Mortgage Note is a Confirmatory Mortgage Note,
such Confirmatory Mortgage Note may be payable
directly to the Company or may show a complete
chain of endorsement from the named payee to the
Company;
(ii) A counterpart of the Proprietary Lease
and the Assignment of Proprietary Lease executed
in blank or to the originator of the Cooperative
Loan;
(iii) The related Cooperative Stock
Certificate, together with an undated stock power
(or other similar instrument) executed in blank;
(iv) A counterpart of the recognition
agreement by the Cooperative of the security
interests of the mortgagee with respect to the
related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing
statement, and any continuation statements, filed
by the originator of such Cooperative Loan as
secured party, each with evidence of recording
thereof, evidencing the security interest of the
originator in the Cooperative Stock and the
Proprietary Lease;
(vii) If applicable, copies of the UCC-3
assignments of the security interest described in
clause (vi) above, sent to the appropriate public
office for filing, showing an unbroken chain of
title from the originator to the Company (if
applicable), evidencing the security interest of
the originator in the Cooperative Stock and the
Proprietary Lease;
(viii) An executed assignment (which may be a
blanket assignment for all Cooperative Loans) of
the security interest of the Company in the
Security Agreement, Assignment of Proprietary
Lease and the recognition
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agreement described in clause (iv) above, showing
an unbroken chain of title from the originator to
the Trustee; and
(ix) A UCC-3 assignment from the Company to
the Trustee of the security interest described in
clause (vi) above, in form suitable for filing,
otherwise complete except for filing information
regarding the original UCC-1 if unavailable (which
may be included in a blanket assignment to the
Trustee in respect of the related Trust Fund).
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee in accordance with Section 2.01(b)(1)(iii) prior to
or concurrently with the execution and delivery of this
Agreement, due to a delay in connection with recording of the
Mortgage, the Company may, in lieu of delivering the completed
assignment in recordable form, deliver to the Trustee the
assignment in such form, otherwise complete except for recording
information.
(3) With respect to each Designated Loan, the
Company does hereby deliver to the Trustee the
Designated Loan Closing Documents.
(c) In connection with each Mortgage Loan transferred
and assigned to the Trustee, the Company shall deliver to the
Trustee, in respect of the related Trust Fund, the following
documents or instruments as promptly as practicable, but in any
event within 30 days, after receipt by the Company of all such
documents and instruments for all of the outstanding Mortgage
Loans:
(i) the Mortgage with evidence of recording
indicated thereon (other than with respect to a
Cooperative Loan);
(ii) a copy of the title insurance policy
(other than with respect to a Cooperative Loan);
(iii) with respect to any Mortgage that has
been assigned to the Company, the related recorded
intervening assignment or assignments of Mortgage,
showing a complete chain of assignment from the
originator to the Company (other than with respect
to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan
that has been assigned to the Company, the related
filed intervening UCC-3 financing statements (not
previously delivered pursuant to Section
2.01(b)(2)(vii)), showing a complete chain of
assignment from the named originator to the
Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans
(other than with respect to a Cooperative Loan). The Company
shall also retain in its files the Primary Insurance Policies
evidencing any primary mortgage insurance relating to the
Mortgage Loans during the period when the related insurance is in
force. (The copies of the Mortgage, intervening assignments of
Mortgage, if any, title insurance binder and the Primary
Insurance Policy, if any, described in the
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two preceding sentences are collectively referred to herein as
the "Document File" with respect to each Mortgage Loan.) The
Company shall advise the Trustee in writing if such delivery to
the Trustee shall not have occurred on or before the first
anniversary of the Closing Date. The Company shall promptly
furnish to the Trustee the documents included in the Document
Files (other than any such documents previously delivered to the
Trustee as originals or copies) either (a) upon the written
request of the Trustee or (b) when the Company or the Trustee
obtains actual notice or knowledge of a Trigger Event. The
Trustee shall have no obligation to request delivery of the
Document Files unless a Responsible Officer of the Trustee has
actual notice or knowledge of the occurrence of a Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) or file the UCC-3 assignments referred to in
Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual notice or knowledge of the occurrence of
any Trigger Event; provided, however, that such recording or
filing shall not be required if the Company delivers to the
Trustee a letter from each Rating Agency to the effect that the
failure to take such action will not cause such Rating Agency to
reduce or withdraw its then current ratings of the Certificates
of the related Certificate Group. The party obtaining actual
notice or knowledge of any of such events shall give the other
party prompt written notice thereof. For purposes of the
foregoing (as well as for purposes of determining whether the
Company shall be required to deliver the Document Files to the
Trustee following the occurrence of a Trigger Event), the Company
shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording or filing
information in the assignments of the Mortgages or UCC-3
assignments to the Trustee and shall cause the same to be
recorded or filed, at the Company's expense, in the appropriate
public office for real property records or UCC financing
statements, except that the Company need not cause to be so
completed and recorded any assignment of Mortgage which relates
to a Mortgage Loan secured by property in a jurisdiction under
the laws of which, on the basis of an Opinion of Counsel
reasonably satisfactory to the Trustee and satisfactory to each
Rating Agency (as evidenced in writing), recordation of such
assignment is not necessary to protect the Trustee against
discharge of such Mortgage Loan by the Company or any valid
assertion that any Person other than the Trustee has title to or
any rights in such Mortgage Loan. In the event that the Company
fails or refuses to record or file the assignment of Mortgages or
UCC-3 financing statement in the circumstances provided above,
the Trustee shall record or cause to be recorded or filed such
assignment or UCC-3 financing statement at the expense of the
Company. In connection with any such recording or filing, the
Company shall furnish such documents as may be reasonably
necessary to accomplish such recording or filing. Notwithstanding
the foregoing, at any time the Company may record or file, or
cause to be recorded or filed, the assignments of Mortgages or
UCC-3 financing statement at the expense of the Company.
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Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt by it of the Mortgage Notes, the assignments of the
Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, delivered pursuant to Section 2.01,
and declares that the Trustee holds and will hold such documents
and each other document delivered to it pursuant to Section 2.01
in trust, upon the trusts herein set forth, for the use and
benefit of all present and future Certificateholders of the
related Certificate Group. The Trustee agrees, for the benefit of
the related Certificateholders, to review each Mortgage File
within 45 days after (i) the execution and delivery of this
Agreement, in the case of the Mortgage Notes, the assignments of
the Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, (ii) delivery to the Trustee after the
Closing Date of the Mortgage Notes and the assumption and
modification agreements, if any, with respect to each Designated
Loan, and (iii) delivery of the recorded Mortgages, title
insurance policies, recorded intervening assignments of Mortgage,
if any, and filed intervening UCC-3 financing statements, if any,
with respect to any Cooperative Loan to ascertain that all
required documents set forth in Section 2.01 have been executed,
received and recorded, if applicable, and that such documents
relate to the Mortgage Loans identified in Exhibit C hereto. In
performing such examination, the Trustee may conclusively assume
the due execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage Loan
from being a "qualified mortgage" within the meaning of the REMIC
Provisions, such defect or breach shall be cured, or the related
Mortgage Loan shall be repurchased or replaced, on a Distribution
Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the related Certificate Account pursuant to Section 3.02(d) on
the Business Day prior to the applicable Distribution Date and,
upon receipt by the Trustee of written notification of such
deposit signed by a Servicing Officer, the Trustee shall release
or cause to be released to the Company the related Mortgage File
and shall execute and deliver or cause to be executed and
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delivered such instruments of transfer or assignment, in each
case without recourse, as shall be necessary to vest in the
Company any Mortgage Loan released pursuant hereto. It is
understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a material
defect in a constituent document exists shall constitute the sole
remedy respecting such defect available to Certificateholders or
the Trustee on behalf of Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee in respect of the related
Mortgage Loans that:
(i) The information set forth in Exhibit C
hereto was true and correct in all material
respects at the date or dates respecting which
such information is furnished;
(ii) As of the date of the initial issuance
of the Certificates, other than with respect to
Cooperative Loans, each Mortgage is a valid and
enforceable first lien on the property securing
the related Mortgage Note subject only to (a) the
lien of current real property taxes and
assessments, (b) covenants, conditions and
restrictions, rights of way, easements and other
matters of public record as of the date of
recording of such Mortgage, such exceptions
appearing of record being acceptable to mortgage
lending institutions generally in the area wherein
the property subject to the Mortgage is located or
specifically reflected in the appraisal obtained
in connection with the origination of the related
Mortgage Loan obtained by the Company and (c)
other matters to which like properties are
commonly subject which do not materially interfere
with the benefits of the security intended to be
provided by such Mortgage;
(iii) Immediately prior to the transfer and
assignment herein contemplated, the Company had
good title to, and was the sole owner of, each
Mortgage Loan and all action had been taken to
obtain good record title to each related Mortgage.
Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance
of the Certificates, no payment of principal of or
interest on or in respect of any Mortgage Loan is
30 or more days past due and none of the Mortgage
Loans have been past due 30 or more days more than
once during the preceding 12 months;
(v) As of the date of the initial issuance of
the Certificates, other than with respect to
Cooperative Loans, there is no mechanics' lien or
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claim for work, labor or material affecting the
premises subject to any Mortgage which is or may
be a lien prior to, or equal or coordinate with,
the lien of such Mortgage except those which are
insured against by the title insurance policy
referred to in (x) below;
(vi) As of the date of the initial issuance
of the Certificates, other than with respect to
Cooperative Loans, there is no delinquent tax or
assessment lien against the property subject to
any Mortgage;
(vii) As of the date of the initial issuance
of the Certificates, there is no valid offset,
defense or counterclaim to any Mortgage Note or
Mortgage, including the obligation of the
Mortgagor to pay the unpaid principal and interest
on such Mortgage Note;
(viii) As of the date of the initial issuance
of the Certificates, the physical property subject
to any Mortgage (or in the case of a Cooperative
Loan, the related Cooperative Apartment) is free
of material damage and is in good repair;
(ix) Each Mortgage Loan at the time it was
made complied in all material respects with
applicable state and federal laws, including,
without limitation, usury, equal credit
opportunity and disclosure laws;
(x) Other than with respect to Cooperative
Loans, a lender's title insurance policy or
binder, or other assurance of title insurance
customary in the relevant jurisdiction therefor
was issued on the date of the origination of each
Mortgage Loan and each such policy or binder is
valid and remains in full force and effect;
(xi) None of the Mortgage Loans in Pool 1 and
Pool 2 and no more than 1.25% of the Mortgage
Loans in Pool 3 constitute Pledged Asset Mortgage
Loans. The Loan-to-Value-Ratio of each Mortgage
Loan was not more than 95%. As of the Cut-off
Date, no more than 14.50% of the Mortgage Loans in
Pool 1, no more than 16.50% of the Mortgage Loans
in Pool 2 and no more than 5.25% of the Mortgage
Loans in Pool 3, in each case by Scheduled
Principal Balance, had Loan-to-Value Ratios of
more than 80% and each such Mortgage Loan is
covered by a Primary Insurance Policy so long as
its then outstanding principal amount exceeds 80%
of the greater of (a) the Original Value and (b)
the then current value of the related Mortgaged
Property as evidenced by an appraisal thereof
satisfactory to the Company. Each Primary
Insurance Policy is issued by a private mortgage
insurer acceptable to FNMA or FHLMC;
(xii) Each Mortgage Note is payable on the
first day of each month in self-amortizing monthly
installments of principal and interest, with
interest payable in arrears, over an original term
of not more than thirty years. The Mortgage Rate
of each Mortgage Note of the related
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Mortgage Loan was not less than 6.250% per annum
and not greater than 9.250% per annum, in the case
of Pool 1, was not less than 6.625% per annum and
not greater than 9.250% per annum, in the case of
Pool 2, and was not less than 6.000% per annum and
not greater than 8.250% per annum, in the case of
Pool 3. The Mortgage Rate of each Mortgage Note is
fixed for the life of the related Mortgage Loan;
(xiii) Other than with respect to Cooperative
Loans, the improvements on the Mortgaged
Properties are insured against loss under a hazard
insurance policy with extended coverage and
conforming to the requirements of Section 3.06
hereof. As of the date of initial issuance of the
Certificates, all such insurance policies are in
full force and effect;
(xiv) As of the Cut-off Date, (i) no more
than 9.000% of the Mortgage Loans in Pool 1, no
more than 10.000% of the Mortgage Loans in Pool 2,
and no more than 12.250% of the Mortgage Loans in
Pool 3, in each case by Scheduled Principal
Balance, had a Scheduled Principal Balance of more
than $500,000 and up to and including $750,000;
(ii) no more than 2.000% of the Mortgage Loans in
Pool 1, no more than 1.000% of the Mortgage Loans
in Pool 2, and no more than 6.750% of the Mortgage
Loans in Pool 3, in each case by Scheduled
Principal Balance, had a Scheduled Principal
Balance of more than $750,000 and up to and
including $1,000,000; and (iii) no more than
1.000% of the Mortgage Loans in Pool 1, none of
the Mortgage Loans in Pool 2, and no more than
1.000% of the Mortgage Loans in Pool 3 had a
Scheduled Principal Balance of more than
$1,000,000;
(xv) As of the Cut-off Date, no more than
1.000% of the Mortgage Loans in Pool 1, no more
than 2.000% of the Mortgage Loans in Pool 2, and
no more than 1.250% of the Mortgage Loans in Pool
3, in each case by Scheduled Principal Balance,
are secured by Mortgaged Properties located in any
one postal zip code area;
(xvi) As of the Cut-off Date, at least
97.750% of the Mortgage Loans in Pool 1, at least
97.000% of the Mortgage Loans in Pool 2 and at
least 94.750% of the Mortgage Loans in Pool 3, in
each case by Scheduled Principal Balance, are
secured by Mortgaged Properties determined by the
Company to be the primary residence of the
Mortgagor. The basis for such determination is the
making of a representation by the Mortgagor at
origination that he or she intends to occupy the
underlying property;
(xvii) As of the Cut-off Date, at least
90.750% of the Mortgage Loans in Pool 1, at least
91.000% of the Mortgage Loans in Pool 2 and at
least 94.000% of the Mortgage Loans in Pool 3, in
each case by Scheduled Principal Balance, are
secured by one-family detached residences;
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(xviii) As of the Cut-off Date, no more than
4.250% of the Mortgage Loans in Pool 1, no more
than 4.250% of the Mortgage Loans in Pool 2 and no
more than 2.250% of the Mortgage Loans in Pool 3,
in each case by Scheduled Principal Balance, are
secured by condominiums and, as of the Cut-off
Date, no more than 1.750% of the Mortgage Loans in
Pool 1, no more than 2.000% of the Mortgage Loans
in Pool 2 and no more than 0.500% of the Mortgage
Loans in Pool 3, in each case by Scheduled
Principal Balance, are secured by two- to
four-family residential properties. As to each
condominium or related Mortgage Loan, (a) the
related condominium is in a project that is on the
FNMA or FHLMC approved list, (b) the related
condominium is in a project that, upon submission
of appropriate application, could be so approved
by either FNMA or FHLMC, (c) the related Mortgage
Loan meets the requirements for purchase by FNMA
or FHLMC, (d) the related Mortgage Loan is of the
type that could be approved for purchase by FNMA
or FHLMC but for the principal balance of the
related Mortgage Loan or the pre-sale requirements
or (e) the related Mortgage Loan has been approved
by a nationally recognized mortgage pool insurance
company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the
Cut-off Date, no more than 0.250% of the Mortgage
Loans in Pool 1, no more than 0.750% of the
Mortgage Loans in Pool 2 and no more than 0.500%
of the Mortgage Loans in Pool 3, in each case by
Scheduled Principal Balance, are secured by
condominiums located in any one postal zip code
area;
(xix) Other than with respect to Cooperative
Loans, no Mortgage Loan is secured by a leasehold
interest in the related Mortgaged Property, and
each Mortgagor holds fee title to the related
Mortgaged Property;
(xx) As of the Cut-off Date, no more than
0.250% of the Mortgage Loans in Pool 1, no more
than 0.250% of the Mortgage Loans in Pool 2 and
none of the Mortgage Loans in Pool 3, by Scheduled
Principal Balance, constituted Buydown Mortgage
Loans. The maximum Buydown Period for any Buydown
Mortgage Loan is three years, and the maximum
difference between the stated Mortgage Rate of any
Buydown Mortgage Loan and the rate paid by the
related Mortgagor is three percentage points. Each
Buydown Mortgage Loan has been fully funded;
(xxi) The original principal balances of the
Mortgage Loans in Pool 1 range from $38,500 to
$1,500,000, the original principal balances of the
Mortgage Loans in Pool 2 range from $39,900 to
$1,000,000,and the original principal balances of
the Mortgage Loans in Pool 3 range from $23,000 to
$1,042,000;
(xxii) As of the Cut-off Date, no more than
1.750% of the Mortgage Loans in Pool 1, no more
than 2.250% of the Mortgage Loans in Pool 2 and no
more than 5.000% of the Mortgage Loans in Pool 3,
in each case by Scheduled Principal Balance, are
secured by second homes, no more than 0.750% of
the Mortgage Loans in Pool 1, no more than 1.000%
of the Mortgage Loans in Pool 2 and no more than
0.500% of the Mortgage Loans in Pool 3, in each
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case by Scheduled Principal Balance, are secured
by investor-owned properties, and, as of the
Cut-off Date, no more than 0.500% of the Mortgage
Loans in Pool 1, no more than 0.750% of the
Mortgage Loans in Pool 2 and no more than 0.500%
of the Mortgage Loans in Pool 3, in each case by
Scheduled Principal Balance, are secured by
condominiums that constitute second homes;
(xxiii) All appraisals have been prepared
substantially in accordance with the description
contained under the caption "The Trust Fund-- The
Mortgage Loans" in the prospectus dated May 26,
1998, included in the registration statement on
Form S-3 (file no. 333-51151) filed by the Company
with the Securities and Exchange Commission with
respect to the offer and sale of certain Classes
of the Certificates;
(xxiv) No selection procedures, other than
those necessary to comply with the representations
and warranties set forth herein or the description
of the Mortgage Loans made in any disclosure
document delivered to prospective investors in the
Certificates, have been utilized in selecting the
Mortgage Loans from the Company's portfolio which
would be adverse to the interests of the
Certificateholders;
(xxv) Other than with respect to Cooperative
Loans, to the best of the Company's knowledge, at
origination no improvement located on or being
part of a Mortgaged Property was in violation of
any applicable zoning and subdivision laws and
ordinances;
(xxvi) None of the Mortgage Loans is a
temporary construction loan. With respect to any
Mortgaged Property which constitutes new
construction, the related construction has been
completed substantially in accordance with the
specifications therefor and any incomplete aspect
of such construction shall not be material or
interfere with the habitability or legal occupancy
of the Mortgaged Property. Mortgage Loan amounts
sufficient to effect any such completion are in
escrow for release upon or in connection with such
completion or a performance bond or completion
bond is in place to provide funds for this purpose
and such completion shall be accomplished within
120 days after weather conditions permit the
commencement thereof;
(xxvii) As of the Closing Date, each Mortgage
Loan is a "qualified mortgage" as defined in
Section 860G(a)(3) of the Code;
(xxviii) As of the Closing Date, the Company
possesses the Document File with respect to each
Mortgage Loan, and, other than with respect to
Cooperative Loans, the related Mortgages and
intervening
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assignment or assignments of Mortgages, if any,
have been delivered to a title insurance company
for recording;
(xxix) As of the Cut-Off Date, no more than
0.500% of the Mortgage Loans in Pool 1, none of
the Mortgage Loans in Pool 2 and none of the
Mortgage Loans in Pool 3, in each case, by
Scheduled Principal Balance, are Cooperative
Loans. With respect to each Cooperative Loan:
(A) The Security Agreement creates a first
lien in the stock ownership and leasehold rights
associated with the related Cooperative Apartment;
(B) The lien created by the related Security
Agreement is a valid, enforceable and subsisting
first priority security interest in the related
Cooperative Stock securing the related Mortgage
Note, subject only to (a) liens of the Cooperative
for unpaid assessments representing the
Mortgagor's pro rata share of the Cooperative's
payments for its blanket mortgage, current and
future real property taxes, insurance premiums,
maintenance fees and other assessments to which
like collateral is commonly subject and (b) other
matters to which like collateral is commonly
subject which do not materially interfere with the
benefits of the security intended to be provided
by the Security Agreement. There are no liens
against or security interest in the Cooperative
Stock relating to such Cooperative Loan (except
for unpaid maintenance, assessments and other
amounts owed to the related Cooperative which
individually or in the aggregate do not have a
material adverse effect on such Cooperative Loan),
which have priority over the Trustee's security
interest in such Cooperative Stock;
(C) The Cooperative Stock that is pledged as
security for the Mortgage Loan is held by a
person as a "tenant-stockholder" within the
meaning of section 216 of the Code, the related
Cooperative that owns title to the related
cooperative apartment building is a "cooperative
housing corporation" within the meaning of
section 216 of the Code, and such Cooperative is
in material compliance with applicable federal,
state and local laws which, if not complied with,
could have a material adverse effect on the
Mortgaged Property; and
(D) There is no prohibition against pledging
the Cooperative Stock or assigning the Proprietary
Lease; and
(xxx) With respect to each Mortgage Loan
identified on Exhibit C as having been originated
or acquired under the Company's Enhanced
Streamlined Refinance program, the value of the
related Mortgaged Property, as of the date of such
origination or acquisition under the Company's
Enhanced Streamlined Refinance program, is no less
than the
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value thereof established at the time the mortgage
loan that is the subject of the refinancing was
originated.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in-lending or similar
statute, and the Trustee or a Trust Fund is named as a defendant
in a TILA suit or a suit under any such statutes in respect of
such violation and liability in respect thereof is imposed upon
the Trustee or such Trust Fund as assignees of the related
Mortgage Loan pursuant to Section 1641 of TILA, or any analogous
provision of any such statute; the Company shall indemnify the
Trustee and such Trust Fund from, and hold them harmless against,
any and all losses, liabilities, damages, claims or expenses
(including reasonable attorneys' fees) to which the Trustee and
such Trust Fund, or either of them, become subject pursuant to
TILA or any such statute, insofar as such losses, damages, claims
or expenses (including reasonable attorneys' fees) result from
such violation. The Company's obligations under the preceding
sentence shall not impair or derogate from the Company's
obligations to the Trustee under Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
Date. Any substitute Mortgage Loan shall (a) have a Scheduled
Principal Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
one month's interest thereon at the respective Remittance Rate,
to be deposited by the Company in the related Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have
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the same Net Mortgage Rate as the Defective Mortgage Loan, (d)
have a remaining term to stated maturity not later than, and not
more than one year less than, the remaining term to stated
maturity of the Defective Mortgage Loan, (e) be, in the
reasonable determination of the Company, of the same type,
quality and character as the Defective Mortgage Loan as if the
defect or breach had not occurred, (f) have a ratio of its
current principal amount to its Original Value not greater than
that of the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee,
as Trustee for each Trust Fund, has caused to be executed,
countersigned and delivered to or upon the order of the Company,
in exchange for the related Mortgage Loans, the Certificates in
authorized denominations evidencing (i) in the case of the Pool 1
Certificates, the entire beneficial ownership of the Pool 1 Trust
Fund, (ii) in the case of the Pool 2 Certificates, the entire
beneficial ownership of the Pool 2 Trust Fund and (iii) in the
case of the Pool 3 Certificates, the entire beneficial ownership
of the Pool 3 Trust Fund.
Section 2.05. The REMICs; Designations under the REMIC
Provisions. (a) For federal income tax purposes, the Pool 2 Trust
Fund shall consist of two REMICs, the Lower Tier REMIC and the
Upper Tier REMIC. The Pool 2 Certificates, other than the Class
2-RL Certificate, shall be issued be issued by the Upper Tier
REMIC, and the Class 2-RL Certificate shall be issued by the
Lower Tier REMIC. The Lower Tier REMIC shall be evidenced by the
Class 2-RL Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class 2-RL Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates (or
Components) in the manner set forth in the following table.
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Corresponding Class of
Certificates 1
-----------------------------
Allocation Allocation
Lower-Tier Initial Lower Lower-Tier of of
Interest Tier Balance Interest Rate Principal Interests
- -------- ------------ ------------- --------- ---------
2-A1 $23,177,880.00 6.75% 2-A1 2-A1
2-A2 7,474,000.00 6.50 2-A2 2-A2
2-A3 11,633,823.00 (2) 2-A3 2-A3
2-A4 24,904,832.00 6.75 2-A4 2-A4
2-A5 24,125,000.00 6.75 2-A5 2-A5
2-A6 10,000,000.00 6.75 2-A6 (3)
2-A7 3,016,177.00 (4) 2-A7 2-A7
2-A8 1,750,000.00 7.00 2-A8 2-A8
2-A9 1,750,000.00 6.50 2-A9 2-A9
2-A10 73,700,000.00 6.75 2-A10 2-A10
2-A11 44,500,000.00 6.75 2-A11 2-A11
2-A12 5,375,000.00 6.75 2-A12 2-A12
2-A14 2,491,000.00 7.00 2-A14 2-A14
2-A15 2,491,000.00 7.00 2-A15 2-A15
2-A16 2,492,000.00 7.00 2-A16 2-A16
2-PO 205,476.68 0.00 2-PO N/A
2-M . 4,607,000.00 6.75 2-M 2-M
2-B1 1,992,000.00 6.75 2-B1 2-B1
2-B2 1,121,000.00 6.75 2-B2 2-B2
2-B3 996,000.00 6.75 2-B3 2-B3
2-B4 498,000.00 6.75 2-B4 2-B4
2-B5 747,933.00 6.75 2-B5 2-B5
2-R . 100.00 6.75 2-R 2-R
(i) The Lower Tier Interests shall be
issued as non-certificated interests. The
Class 2-RL Certificate shall be issued in
fully registered certificated form and shall
be executed and countersigned as provided in
Section 5.01 hereof.
- -------------------
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 Lower Tier Interest 2-A3 shall bear interest at the
Certificate Interest Rate of its corresponding Class of
Certificates.
3 On each Distribution Date, interest accrued on Lower-Tier
Interest 2-A6 for the applicable Interest Accrual Period
shall be allocated as follows: (x) an amount equal to the
Accrued Certificate Interest on the Class of Certificates
with the corresponding designation shall be allocated to
such Class; and (y) the excess of such amount shall be
allocated to the Class 2-A13 Certificates.
4 Lower Tier Interest 2-A7 shall bear interest at the
Certificate Interest Rate of its Corresponding Class of
Certificates.
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(ii) 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, respectively, made
under Section 4.01 on the Corresponding
Classes of Certificates or Components, and
allocations of losses on each Class of Lower
Tier Interests shall be considered to
correspond, in timing and aggregate amount,
to the allocations of losses made under
Section 4.03 on the Corresponding Classes of
Certificates or Components.
(iii) On each Distribution Date, in
addition to amounts otherwise distributable
thereon pursuant to Section 4.01, the Trustee
shall distribute to the holder of the Class
2-RL Certificate any amounts (other than the
amounts described in clauses (x) and (y) of
the definition of Pool 2 Available Funds)
remaining in the Lower Tier REMIC after all
amounts required to be applied pursuant to
Section 2.05(a)(ii) have been so applied. Any
distributions pursuant to this clause (d)
shall not reduce the Class Certificate
Principal Balance of the Class 2-RL
Certificate.
(b) (i) The Company hereby designates the Lower Tier
Interests identified in Section 2.05(a) above as "regular
interests," and the Class 2-RL Certificate as the single class of
"residual interests," in the Lower Tier REMIC for purposes of the
REMIC Provisions. The Company hereby designates the Classes of
Pool 2 Certificates identified in Section 5.01(b), other than the
related Residual Certificates, as "regular interests," and the
Class 2-R Certificate as the single class of "residual
interests," in the Upper Tier REMIC for purposes of the REMIC
Provisions.
(ii) The Company hereby designates the Pool 1
Certificates, other than the Class 1-R Certificates, as
"regular interests," and the Class 1-R Certificates as the
single class of "residual interests," in the REMIC for Pool
1 Trust Fund established hereunder for REMIC purposes.
(iii) The Company hereby designates the Pool 3
Certificates, other than the Class 3-R Certificates, as
"regular interests," and the Class 3-R Certificates as the
single class of "residual interests," in the REMIC for Pool
3 Trust Fund established hereunder for REMIC purposes.
(c) The Closing Date will be the "Startup Day" for each
REMIC established hereunder for purposes of the REMIC Provisions.
(d) The "tax matters person" with respect to each REMIC
established hereunder for purposes of the REMIC Provisions shall
be (i) the Company, if the Company is the owner of a related
Residual Certificate, or (ii) in any other case, the beneficial
owner of the related Residual Certificate having the largest
Percentage Interest of such Class; provided, however, that such
largest beneficial owner and, to the extent relevant, each other
holder of a related Residual Certificate, by its acceptance
thereof irrevocably appoints the Company as its agent and
attorney-
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in-fact to act as "tax matters person" with respect to
each REMIC established hereunder for purposes of the REMIC
Provisions.
(e) The "latest possible maturity date" of the regular
interests in each REMIC established hereunder is the related
Latest Possible Maturity Date for purposes of section 860G(a)(1)
of the Code.
(f) In no event shall the assets described in clause
(x) of the definition of the term Pool 1 Trust Fund, Pool 2 Trust
Fund or Pool 3 Trust Fund constitute a part of the related REMICs
established hereunder.
(g) In the event that the Servicing Fee exceeds the
amount reasonable for such services (within the meaning of
Treasury Regulation 1.860D-1(b)(1)(ii)), the portion or portions
of such fee that can be measured as a fixed number of basis
points on some or all of the Mortgage Loans and can be treated as
one or more stripped coupons within the meaning of Treasury
Regulation 1.860D-1(b)(2)(iii) shall be treated as such stripped
coupons and shall not be treated as an asset of the related
REMIC.
Section 2.06. Trust Funds Separate. It is the intention
of the Company and the Trustee that (i) the Trust Funds
established under this Agreement shall be separate and distinct
for all purposes, (ii) all revenues and, except as provided
below, expenses relating to the Mortgage Loans or this Agreement
shall be allocated exclusively to the Trust Fund to which they
relate, and (iii) the holders of the Pool 1 Certificates, Pool 2
Certificates and Pool 3 Certificates shall have interests
exclusively in the Pool 1 Trust Fund, Pool 2 Trust Fund and Pool
3 Trust Fund, respectively. In the event that the Company or the
Trustee, as the case may be, cannot reasonably allocate any
expenses relating to the Mortgage Loans or this Agreement to a
particular Trust Fund, it shall allocate such expenses among the
three Trust Funds created hereunder in such manner as it deems
fair and reasonable under the circumstances, which determination
shall be conclusive and binding.
ARTICLE III.
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is intended
that each REMIC established hereunder shall constitute, and that
the affairs of each such REMIC shall be conducted so as to
qualify the Pool 1 Trust Fund, in the case of Pool 1, each of the
Upper Tier and Lower Tier REMIC, in the case of Pool 2, and the
Pool 3 Trust Fund, in the case of Pool 3 (in each case, other
than any collateral fund established under the agreement referred
to in Section 3.08(e)) as, a "real estate mortgage investment
conduit" as defined in and in accordance with the REMIC
Provisions. In furtherance of such intention, the Company
covenants and agrees that it shall act as agent (and the Company
is hereby appointed to act as agent) on behalf of the Pool 1
Trust Fund, in the case of Pool 1, each of the Upper Tier and
Lower Tier REMIC, in the case of Pool 2, and the Pool 3 Trust
Fund, in the case of Pool 3, and the respective Holders of the
related Residual Certificates and that in such capacity it shall:
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(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and prepare
and file or cause to be prepared and filed with the Internal
Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to each REMIC established
hereunder, using the calendar year as the taxable year and
the accrual method of accounting, containing such
information and at the times and in the manner as may be
required by the Code or state or local tax laws,
regulations, or rules, and shall furnish or cause to be
furnished to Certificateholders the schedules, statements or
information at such times and in such manner as may be
required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by the
Code, the name, title, address, and telephone number of the
person that the holders of the Certificates may contact for
tax information relating thereto (and the Company shall act
as the representative of each REMIC established hereunder
for this purpose), together with such additional information
as may be required by such Form, and shall update such
information at the time or times and in the manner required
by the Code;
(iii) make or cause to be made an election, on behalf
of each REMIC established hereunder, to be treated as a
REMIC, and make the appropriate designations, if applicable,
in accordance with Section 2.05(b) hereof on the federal tax
return of each Trust Fund for its first taxable year (and,
if necessary, under applicable state law);
(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required to
be provided to them in accordance with the REMIC Provisions,
including without limitation, the calculation of any
original issue discount using the applicable Prepayment
Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of each REMIC established hereunder at all times
that any related Certificates are outstanding so as to
maintain the status thereof as a REMIC under the REMIC
Provisions;
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(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of either REMIC or that would subject
either Trust Fund to tax;
(viii) with respect to Pool 2, 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 2-RL 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 2-RL
Certificate;
(ix) with respect to Pool 1 and Pool 3, exercise
reasonable care not to allow the creation of any "interests"
in the related REMIC constituted by the Pool 1 Trust Fund
and the Pool 3 Trust Fund, respectively, within the meaning
of section 860D(a)(2) of the Code other than the interests
represented by the Classes of Certificates identified in
Section 5.01(b);
(x) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable gain,
(b) otherwise subject any Trust Fund to tax, or (c) cause
any REMIC established hereunder to fail to qualify as a
REMIC;
(xi) exercise reasonable care not to allow any Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC;
(xii) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to each REMIC after the Startup Day, and taxes
on net income from foreclosure property, imposed on each
Trust Fund when and as the same shall be due and payable
(but such obligation shall not prevent the Company or any
other appropriate Person from contesting any such tax in
appropriate proceedings and shall not prevent the Company
from withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xiii) ensure that federal, state or local income tax
or information returns shall be signed by the Trustee or
such other person as may be required to sign such returns by
the Code or state or local laws, regulations or rules; and
(xiv) maintain such records relating to each REMIC
established hereunder, including but not limited to the
income, expenses, individual Mortgage Loans (including
Mortgaged Property), other assets and liabilities thereof,
and the fair market value and adjusted basis of the property
of each determined at such intervals as may be required by
the Code, as may be necessary to prepare the foregoing
returns, schedules, statements or information.
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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
related Certificateholders and the Trustee or any of them, any
and all continuation statements, termination statements,
instruments of satisfaction or cancellation, or of partial or
full release or discharge and all other comparable instruments,
with respect to the Mortgage Loans and with respect to the
properties subject to the Mortgages. Without limitation of the
foregoing, if the Company in its individual capacity agrees to
refinance any Mortgage Loan upon the request of the related
Mortgagor, the Company, as servicer hereunder, may execute an
instrument of assignment in customary form to the Company in its
individual capacity. In connection with any such refinancing, the
Trustee shall, upon certification of a Servicing Officer to the
effect that an amount equal to the principal balance of the
related Mortgage Loan together with accrued and unpaid interest
thereon at the applicable Remittance Rate to the date of such
certification has been credited to the applicable Mortgage Loan
Payment Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in the second sentence of
Section 3.02(a) and in Section 3.07. The Company shall not
release any portion of any Mortgaged Property from the lien of
the related Mortgage unless the related Mortgage Loan would be a
"qualified mortgage" within the meaning of the REMIC Provisions
following such release.
(c) [Intentionally Omitted]
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
Trustee under this Agreement is intended by the parties to be
that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The
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Company shall collect such amounts from the
Mortgagor and shall credit the applicable Mortgage Loan Payment
Record accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
(g) In no event shall any collateral fund established
under the agreement referred to in Section 3.08(e) constitute an
asset of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Records; Certificate Accounts. (a) The
Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending up to two years after the
date that such schedule is arranged. Any arrangement of the sort
described in clause (ii) above shall not affect the amount or
timing of the Company's obligation to make Monthly Advances with
respect to any Mortgage Loan which Monthly Advances shall be made
pursuant to the original amortization schedule applicable to such
Mortgage Loan.
(b) The Company shall establish and maintain a Mortgage
Loan Payment Record for each Mortgage Pool in which the following
payments on and collections in respect of each Mortgage Loan in
such Mortgage Pool shall as promptly as practicable be credited
by the Company for the account of the Holders of the related
Certificates:
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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 on or before, and all
Principal Prepayments received before, the Cut-off Date, (B)
in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or before
the Determination Date in the month of substitution, and all
Principal Prepayments received before the first day of the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, payments of principal due and payable on such
Mortgage Loan after the Determination Date in the month of
substitution, and all Principal Prepayments received in the
month of substitution);
(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
after the Determination Date in the month of substitution)
on account of interest at the applicable Remittance Rate on
the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to interest
at the applicable Remittance Rate on any Buydown Mortgage
Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03 and 3.16 (including any amounts received
in respect of a substitution of a Mortgage Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company in respect of the related Mortgage Pool for the
benefit of the related Trust Fund, other than proceeds to be
applied to the restoration or repair of the property subject
to the related Mortgage or released, or to be released, to
the related Mortgagor in accordance with the normal
servicing procedures of the Company;
(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with respect
to any Pledged Asset Mortgage Loan pursuant to the
liquidation of any Additional Collateral or pursuant to any
recovery under the Surety Bond in accordance with Section
4.09.
The foregoing requirements respecting credits to each Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in either Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by
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Mortgagors, or amounts received by the Company for the account of
Mortgagors for application towards the payment of taxes,
insurance premiums, assessments and similar items.
(c) Subject to subsection (e) below, until the Business
Day prior to each Distribution Date on which amounts are required
to be transferred to the related Certificate Account pursuant to
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
the Company shall deposit in the related Certificate Account an
amount equal to such net loss at the time the Company is required
to deposit amounts in such Certificate Account pursuant to
subsection (d) of this section 3.02. Any such deposit shall not
increase the Company's obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account for each Mortgage Pool designated in the name of the
Trustee for the benefit of the Holders of the related
Certificates issued hereunder (each, a "Certificate Account")
into which the Company shall transfer, not later than 11:00 a.m.
New York time on the Business Day prior to each Distribution
Date, an amount in next-day funds equal to the sum of Available
Funds in respect of such Mortgage Pool for such Distribution Date
and any Unanticipated Recoveries in respect of such Mortgage Pool
received in the calendar month preceding the month of such
Distribution Date. If the Trustee does not receive such transfer
by 2:00 p.m. on such Business Day, it shall give the Company
written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by S&P of
General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+, then, notwithstanding
subsection (c) above, the Company shall promptly establish, and
thereafter maintain, one or more Eligible Accounts, in respect of
each Mortgage Pool, in the name of the Trustee and bearing a
designation indicating that amounts therein are held for the
benefit of the Trustee and the related Certificateholders, into
which the Company and any Primary Servicer shall deposit within
two Business Days after receipt, all amounts otherwise required
to be credited to the applicable Mortgage Loan Payment Record
pursuant to Section 3.02(b); provided, however, that such action
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to withdraw or
reduce its then current ratings of the related Certificates. All
amounts so deposited shall be held in trust for the benefit of
the related Certificateholders. Amounts so deposited may be
invested at the written instruction of the Company in Permitted
Investments in the name of the Trustee maturing no later than the
Business Day preceding the Distribution Date following the date
of such investment; provided, however, that any such Permitted
Investment which is an obligation of State Street Bank and Trust
Company, in its individual capacity and not in its capacity as
Trustee, may mature on such Distribution Date; and, provided,
further, that no such Permitted Investment shall be sold before
the maturity thereof if the sale thereof would result in the
realization of gain prior to maturity unless the Company has
obtained an Opinion of Counsel that such sale or disposition will
not cause the related Trust Fund to be subject to the tax on
prohibited transactions under section 860F of the Code, or
otherwise subject the related Trust Fund to tax or cause any of
the related REMICs
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established hereunder to fail to qualify as a
REMIC. The Trustee shall maintain physical possession of all
Permitted Investments, other than Permitted Investments
maintained in book-entry form. The Company, as servicer, shall be
entitled to retain for its own account any gain or other income
from Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to each Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to the related Eligible Accounts and transfers to
and withdrawals from such Eligible Accounts. Any action which may
be necessary to establish the terms of an account pursuant to
this Section 3.02(e) may be taken by an amendment or supplement
to this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the related Certificates.
Section 3.03. Collection of Taxes, Assessments and Other
Items. Other than with respect to any Cooperative Loan, the
Company shall establish and maintain with one or more depository
institutions one or more accounts into which it shall deposit all
collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the
Mortgagors. As servicer, the Company shall effect the timely
payment of all such items for the account of Mortgagors.
Withdrawals from such account or accounts may be made only to
effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Records. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to each
Mortgage Loan Payment Record for the following purposes (in each
case as to the Mortgage Loans in the related Mortgage Pool):
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to such
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted Mortgage
Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing
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proceeds of other insurance policies covering the property
subject to the related Mortgage credited to such Mortgage
Loan Payment Record pursuant to Section 3.02(b) (iii) and
(iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan or Defaulted Mortgage Loan
purchased by the Company to the extent that the distribution
of any such amounts on the Distribution Date upon which the
proceeds of such purchase are distributed would make the
total amount distributed in respect of any such Mortgage
Loan on such Distribution Date greater than the Purchase
Price therefor, net of any unreimbursed Monthly Advances
made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in respect
of any Mortgage Loan to the extent of late payments, REO
Proceeds, Insurance Proceeds and Liquidation Proceeds in
respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance in respect of
such Mortgage Pool (which right of reimbursement of the
Trustee pursuant to this clause shall be prior to such right
of the Company);
(viii) To make transfers of funds to the related
Certificate Account pursuant to Section 3.02(d); and
(ix) To deduct any amounts credited to the related
Mortgage Loan Payment Record in error.
The Company shall keep and maintain separate accounting
records, on a Mortgage Loan by Mortgage Loan basis, for the
purpose of accounting for debits to the related Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance Policies.
(a) The Company shall not take any action which would result in
non-coverage under any applicable Primary Insurance Policy of any
loss which, but for the actions of the Company, would have been
covered thereunder. To the extent coverage is available, the
Company shall keep or cause to be kept in full force and effect
each such Primary Insurance Policy until the principal balance of
the related Mortgage Note is 80% or less of the greater of (i)
the related Original Value and (ii) the then
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current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company; provided, that no such Primary Insurance Policy need be
kept in effect if doing so would violate applicable law. The
Company shall not cancel or refuse to renew any such Primary
Insurance Policy applicable to a Mortgage Loan that is in effect
at the Closing Date and is required to be kept in force hereunder
unless the replacement Primary Insurance Policy for such canceled
or non-renewed policy is maintained with an insurer whose
claims-paying ability is acceptable to each Rating Agency for
mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the related
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan
purchased by a related insurer) shall be credited to the
applicable Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The Company
shall cause to be maintained for each Mortgage Loan other than a
Cooperative Loan hazard insurance with a standard mortgagee
clause and with extended coverage in an amount which is at least
equal to the maximum insurable value of the improvements securing
such Mortgage Loan from time to time or the principal balance
owing on such Mortgage Loan from time to time, whichever is less.
The Company shall also maintain on property (other than
Cooperative Apartments) acquired upon foreclosure, or by deed in
lieu of foreclosure, hazard insurance with extended coverage in
an amount which is at least equal to the lesser of (i) the
maximum insurable value from time to time of the improvements
which are a part of such property or (ii) the unpaid principal
balance of such Mortgage Loan at the time of such foreclosure or
deed in lieu of foreclosure plus accrued interest and the
good-faith estimate of the Company of related Liquidation
Expenses to be incurred in connection therewith. To the extent
provided in Section 3.02(b)(iv), amounts collected by the Company
under any such policies in respect of the Mortgage Loans shall be
credited to the applicable Mortgage Loan Payment Record. Such
costs shall be recoverable by the Company pursuant to Sections
3.03 and 3.04. In cases in which property securing any Mortgage
Loan other than a Cooperative Loan is located in a federally
designated flood area, the hazard insurance to be maintained for
such Mortgage Loan shall include flood insurance. All such flood
insurance shall be in such amounts as are required under
applicable guidelines of FNMA. The Company shall be under no
obligation to require that any Mortgagor maintain earthquake or
other additional insurance and shall be under no obligation
itself to maintain any such additional insurance on property
acquired in respect of a Mortgage Loan, other than pursuant to
such applicable laws and regulations as shall at any time be in
force and as shall require such additional insurance. If the
Company shall obtain and maintain a blanket policy insuring
against hazard losses on all of the Mortgage Loans (whether or
not including Cooperative Loans), it shall conclusively be deemed
to have satisfied its obligations as set forth in the first
sentence of this Section 3.06, it being understood and agreed
that such policy may
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contain a deductible clause, in which case the Company shall, in
the event that there shall not have been maintained on the
related Mortgaged Property a policy complying with the first
sentence of this Section 3.06, and there shall have been a loss
which would have been covered by such policy, credit to the
applicable Mortgage Loan Payment Record the amount not otherwise
payable under the blanket policy because of such deductible
clause.
Section 3.07. Assumption and Modification Agreements. (a) In
any case in which property subject to a Mortgage has been or is
about to be conveyed by the Mortgagor, the Company shall exercise
its right to accelerate the maturity of such Mortgage Loan under
any "due-on-sale" clause applicable thereto, unless in the
reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage Loans. (a)
The Company shall foreclose upon or otherwise comparably convert
the ownership of Mortgaged Properties securing such of the
Mortgage Loans as come into and continue in default and as to
which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders of the related Certificate Group after
reimbursement to itself for such expenses
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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 related Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the related Trust Fund or the Certificateholders if, based on
the Company's belief that no such contamination or effect exists,
the Company forecloses upon a Mortgaged Property and the Trustee
or its nominee on behalf of the related Trust Fund takes title to
such Mortgaged Property, and thereafter such Mortgaged Property
is determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the related Trust Fund. Notwithstanding
any such acquisition of title and cancellation of the related
Mortgage Loan, such Mortgage Loan shall (except for purposes of
Section 9.01) be considered to be an Outstanding Mortgage Loan
until such time as the Mortgaged Property shall be sold and such
Mortgage Loan becomes a Liquidated Mortgage Loan. Consistent with
the foregoing, for purposes of all calculations hereunder so long
as such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on any REO
Mortgage Loan shall be treated as a Principal Prepayment received
in respect of such Mortgage Loan.
(c) In the event that a Trust Fund acquires any
Mortgaged Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Company shall
dispose of such Mortgaged Property prior to the close of the
third calendar year after the year of its acquisition by such
Trust Fund unless (a) the Trustee shall have been supplied with
an Opinion of Counsel to the effect that the holding by such
Trust Fund of such Mortgaged Property subsequent to such period
(and specifying the period beyond such period for which the
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Mortgaged Property may be held) will not result in the imposition
of taxes on "prohibited transactions" of such Trust Fund as
defined in section 860F of the Code, or cause any of the related
REMICs established hereunder to fail to qualify as a REMIC at any
time that any Certificates are outstanding, in which case such
Trust Fund may continue to hold such Mortgaged Property (subject
to any conditions contained in such Opinion of Counsel), or (b)
the Trustee (at the Company's expense) or the Company shall have
applied for, not later than 61 days prior to the expiration of
such period, an extension of such period in the manner
contemplated by section 856(e)(3) of the Code, in which case such
period shall be extended by the time period permitted by section
856(e)(3) of the Code. Notwithstanding any other provision of
this Agreement, no Mortgaged Property acquired by a Trust Fund
shall be rented (or allowed to continue to be rented) or
otherwise used for the production of income by or on behalf of
such Trust Fund or sold in such a manner or pursuant to any terms
that would (i) cause such Mortgaged Property to fail to qualify
at any time as "foreclosure property" within the meaning of
section 860G(a)(8) of the Code, (ii) subject such Trust Fund to
the imposition of any federal or state income taxes on "net
income from foreclosure property" with respect to such Mortgaged
Property within the meaning of section 860G(c) of the Code, or
(iii) cause the sale of such Mortgaged Property to result in the
receipt by such Trust Fund of any income from non-permitted
assets as described in section 860F(a)(2)(B) of the Code, unless
the Company has agreed to indemnify and hold harmless such Trust
Fund with respect to the imposition of any such taxes.
(d) Any collection of Insurance Proceeds or Liquidation
Proceeds will be applied in the following order of priority:
first, to reimburse the Company for any related unreimbursed
Liquidation Expenses and to reimburse the Company or the Trustee,
as applicable, for any related unreimbursed Monthly Advances;
second, to accrued and unpaid interest on the Mortgage Loan at
the Mortgage Rate from the date to which interest was last paid
or advanced to the Due Date prior to the Distribution Date on
which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated among the Base Servicing Fee at the
Base Servicing Fee Rate, the Supplemental Servicing Fee at the
Supplemental Servicing Fee Rate and interest at the applicable
Remittance Rate in proportion to the amount of such accrued
interest which would have been allocated to each such category in
the absence of any shortfall. The resulting Interest Loss shall
be allocated among each such category in the same proportion as
described in the preceding sentence. The portion so allocated to
interest at the Remittance Rate shall be allocated to the
Certificates of the related Certificate Group for purposes of
making the allocation specified in the definition of Certificate
Interest Loss.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class 1-B5 Certificates,
the Class 2-B5 Certificates or the Class 3-B5 Certificates
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (1) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten
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percent interest in the related Mortgage Pool or in the related
Trust Fund. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an " affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
In addition, subject to the provisions of the preceding
paragraph, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with the
Person that is the Holder of 100% of the Class 1-B4 Certificates,
the Class 2-B4 Certificates or the Class 3-B4 Certificates,
provided that (i) such Person is also the Holder of 100% of the
Class B5 Certificates of the related Certificate Group, (ii) such
Person shall have no rights under such agreement until the date
on which the Class Certificate Principal Balance of the Class B5
Certificates of the related Certificate Group has been reduced to
zero, and (iii) any rights of such Person under such agreement
shall terminate in the event that such Person transfers, directly
or indirectly, the Class B4 Certificates of such Certificate
Group to any other Person.
Section 3.09. Trustee to Cooperate; Release of Mortgage
Files. Upon the payment in full of any Mortgage Loan, the Company
will immediately notify the Trustee by a certification (which
certification shall include a statement to the effect that all
amounts received in connection with such payment which are
required to be credited to the applicable Mortgage Loan Payment
Record pursuant to Section 3.02 have been so credited) of a
Servicing Officer and shall request delivery to it of the
Mortgage File. If a Buydown Mortgage Loan is the subject of a
Principal Prepayment in full during the related Buydown Period,
the related Buydown Funds will be applied or returned to the
Person entitled thereto in accordance with the terms of such
Buydown Mortgage Loan. Upon receipt of such certification and
request in form satisfactory to the Trustee, the Trustee shall
promptly, but in any event within five Business Days, release the
related Mortgage File to the Company; provided, that the Trustee
shall not be responsible for any delay in the release of a
Mortgage File resulting from acts beyond its control, including
without limitation, acts of God, strikes, lockouts, riots, acts
of war or terrorism, epidemics, nationalization, governmental
regulations imposed after the fact, fire, communication line
failures, computer viruses, power failures, earthquakes or other
disasters. Upon any such payment in full, the Company is
authorized to execute, pursuant to the authorization contained in
Section 3.01, an instrument of satisfaction regarding such
Mortgage, which instrument of
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satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the applicable
Mortgage Loan Payment Record. From time to time and as
appropriate for the servicing or foreclosure of any Mortgage Loan
(including, without limitation, collection under any Primary
Insurance Policy), the Trustee shall, upon request of the Company
and delivery to the Trustee of a receipt signed by a Servicing
Officer, release the related Mortgage File to the Company and
shall execute such documents as shall be necessary to the
prosecution of any such proceedings. Such receipt shall obligate
the Company to return the Mortgage File to the Trustee when the
need therefor by the Company no longer exists unless the Mortgage
Loan shall be liquidated, in which case, upon receipt of a
certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of Certain
Expenses by the Company. (a) As compensation for its activities
and obligations hereunder, the Company shall be entitled to
withhold and pay to itself out of each payment received by it on
account of interest on each Mortgage Loan (including the portion
of any Buydown Funds applied to the related Buydown Mortgage Loan
for the applicable period) an amount equal to the Servicing Fee.
The aggregate of the Servicing Fees payable to the Company on any
Distribution Date in respect of the Mortgage Loans in a Mortgage
Pool shall be reduced by the amount of any Compensating Interest
Payment in respect of such Mortgage Pool for such Distribution
Date. Additional servicing compensation in the form of Prepayment
Interest Excess, assumption fees, modification fees, late payment
charges, interest income or gain with respect to amounts
deposited in a Certificate Account and invested by the Company or
otherwise shall be retained by the Company, subject to Section
3.10(b), if applicable. The Company shall be required to pay all
expenses incurred by it in connection with its activities
hereunder (including payment of Trustee fees and all other fees
and expenses not expressly stated hereunder to be for the account
of the Certificateholders) and shall not be entitled to
reimbursement therefor except as provided in Sections 3.01, 3.03,
3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of each Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to each
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified
in Section 3.04.
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Section 3.12. Annual Statement as to Compliance. The Company
will deliver to the Trustee, on or before March 31 of each year,
beginning with March 31, 1999, an Officer's Certificate stating
that (a) a review of the activities of the Company during the
preceding calendar year and of its performance under this
Agreement has been made under such Officer's supervision and (b)
to the best of such Officer's knowledge, based on such review,
the Company has fulfilled all its material obligations under this
Agreement throughout such year, or, if there has been a default
in the fulfillment of any such obligation, specifying each such
default known to such Officer and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
(a) furnish to a firm of independent public accountants
(which may also render other services to the Company) a
statement substantially to the effect that the Company has
complied in all material respects with the minimum servicing
standards set forth in the Uniform Single Attestation
Program for Mortgage Bankers (the "Minimum Servicing
Standards") with respect to the mortgage loans in the
Company's servicing portfolio (which may exclude home equity
loans) or, if there has been material noncompliance with
such servicing standards, containing a description of such
noncompliance; and
(b) at its expense cause such firm of independent
public accountants to furnish a report to the Trustee
stating its opinion as to the Company's assertion contained
in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by
such firm in accordance with the standards established by
the American Institute of Certified Public Accountants,
including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards.
Such opinion shall be to the effect that the Company has
complied in all material respects with the Minimum Servicing
Standards with respect to the mortgage loan portfolio
described in the Company's statement delivered pursuant to
Section 3.13(a) hereof or if there has been material
noncompliance with the Minimum Servicing Standards, shall
contain a description of such noncompliance in accordance
with applicable accounting standards. In rendering such
report, such firm may rely, as to matters relating to direct
servicing of Mortgage Loans by any primary servicer, upon
comparable reports of independent public accountants with
respect to such primary servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the
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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.
Section 3.17. Class 2-A9 Interest Account. State Street Bank
and Trust Company, not in its capacity as Trustee hereunder, is
hereby appointed, and does hereby accept such appointment, to
serve as custodian (the "Custodian") of the assets included in
the Class 2-A9 Interest Account created by this Section 3.17. On
or prior to the Closing Date, the Custodian shall establish a
segregated, non-interest bearing, corporate trust account in its
corporate trust department (such account, the "Class 2-A9
Interest Account"). The Class 2-A9 Interest Account shall have
the characteristics set forth in this Section 3.17 and shall be
held by the Custodian solely for the benefit of the Holders of
the Class 2-A9 Certificates and the Holders of the Class 2-RL
Certificates (to the extent of their rights therein). Amounts on
deposit in the Class 2-A9 Interest Account shall be applied by
the Custodian solely as provided in Section 4.01(i). The Class
2-A9 Interest Account shall not be an asset of the Pool 2 Trust
Fund, but shall be an asset in the Lower Tier REMIC. In acting as
Custodian with respect to the Class 2-A9 Interest Account, the
Custodian shall have all rights and immunities of the Trustee
under this Agreement and shall have only such express duties as
set forth in this Section 3.17.
On or prior to the Closing Date, the Company, acting as
agent for the Class 2-A9 Certificateholders, shall transfer (or
cause to be transferred) the Class 2-A9 Interest Account Deposit
to the Custodian for deposit into the Class 2-A9 Interest
Account. The Custodian acknowledges receipt of the Class 2-A9
Interest Account Deposit. The Custodian shall not invest amounts
in the Class 2-A9 Interest Account. Neither the Company, the
Custodian, the Trustee nor any other party shall be under any
obligation to make any further deposits into the Class 2-A9
Interest Account.
The transfer by (or on behalf of) the Company of the
Class 2-A9 Interest Account Deposit is an outright and
unconditional assignment to the Custodian for the benefit of the
Holders of the Class 2-A9 Certificates, and is not in the nature
of a pledge or similar arrangement. The Class 2-A9 Interest
Account shall not be an asset of the Company and the Company
shall have no legal or beneficial right thereto or interest
therein, except any that may arise by virtue of the Company's
becoming a Holder of a Class 2-A9 or Class 2-RL Certificate.
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The Class 2-A9 Certificateholders, by their acceptance
of a Class 2-A9 Certificate, appoint the Company as their agent
for the purpose of transferring (or causing the transfer of) the
Class 2-A9 Interest Account Deposit to the Trustee.
ARTICLE IV.
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Funds in respect
of Pool 1 from the Pool 1 Certificate Account and shall make
distributions to Holders of the Pool 1 Certificates as of the
preceding Record Date in the following order of priority, to the
extent of the remaining Available Funds in respect of Pool 1:
(i) to each Class of Pool 1 Senior Certificates
(other than any Class of Principal Only Certificates),
the Accrued Certificate Interest thereon for such
Distribution Date; provided, however, that any
shortfall in available amounts shall be allocated among
such Classes in proportion to the amount of Accrued
Certificate Interest that would otherwise be
distributable thereon;
(ii) to each Class of Pool 1 Senior Certificates
(other than any Class of Principal Only Certificates),
any related Unpaid Class Interest Shortfall for such
Distribution Date; provided, however, that any
shortfall in available amounts shall be allocated among
such Classes in proportion to the Unpaid Class Interest
Shortfall for each such Class (or Component) on such
Distribution Date; -------- -------
(iii) to the Classes of Pool 1 Senior Certificates
in reduction of the Class Certificate Principal
Balances thereof, concurrently as follows:
(A) to the Class 1-A11 and Class 1-A17
Certificates, in proportion to their respective
Class Certificate Principal Balances, the Pool 1
Group II Senior Principal Distribution Amount for
such Distribution Date, until the Class
Certificate Principal Balance of each such Class
has been reduced to zero; and
(B) to the Pool 1 Group I Senior
Certificates, the Senior Optimal Principal Amount
in respect of Pool 1 for such Distribution Date,
as reduced by the Pool 1 Group II Senior Principal
Distribution Amount distributed pursuant to clause
(A) above on such Distribution Date (such reduced
amount, the "Pool 1 Group I Senior Principal
Distribution Amount"), in the following order or
priority:
(1) to the Class 1-R Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero;
(2) to the Class 1-A1, Class 1-A2, Class
1-A9, Class 1-A10, Class 1-A12, Class 1-A13,
Class 1-A14, Class 1-A15 and Class 1-A16
Certificates, the remaining amount described
in clause (B) above, after giving effect to
clause (B)(1) above, concurrently, as
follows:
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(a) to the Class 1-A12, Class 1-A13 and
Class 1-A14 Certificates, 14.0824081454% of
the amount described in clause (B)(2) above,
in the following order of priority:
(i) to the Class 1-A12 Certificates, up
to the amount necessary to reduce the Class
Certificate Principal Balance of such Class
to its TAC Balance for such Distribution
Date;
(ii) to the Class 1-A13 Certificates, up
to the amount necessary to reduce the Class
Certificate Principal Balance of such Class
to its TAC Balance for such Distribution
Date;
(iii) to the Class 1-A14 Certificates,
until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class 1-A13 Certificates,
without regard to its TAC Balance, until the
Class Certificate Principal Balance thereof
has been reduced to zero; and
(v) to the Class 1-A12 Certificates,
without regard to its TAC Balance, until the
Class Certificate Principal Balance thereof
has been reduced to zero;
(b) to the Class 1-A1, Class 1-A2, Class
1-A9, Class 1-A10, Class 1-A15 and Class
1-A16 Certificates, 85.9175918546% of the
amount described in clause (B)(2) above,
concurrently, as follows:
(i) to the Class 1-A1 Certificates,
62.4867301442% of the amount described in
clause (B)(2)(b) above, until the Class
Certificate Principal Balance thereof has
been reduced to zero;
(ii) to the Class 1-A15 and Class 1-A16
Certificates, 21.3852912836% of the amount
described in clause (B)(2)(b) above, in the
following order of priority:
(A) to the Class 1-A15 Certificates, up
to the amount necessary to reduce the Class
Certificate Principal Balance of such Class
to its TAC Balance for such Distribution
Date;
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<PAGE>
(B) to the Class 1-A16 Certificates,
until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(C) to the Class 1-A15 Certificates,
without regard to its TAC Balance, until the
Class Certificate Principal Balance thereof
has been reduced to zero; and
(iii) to the Class 1-A2, Class 1-A9 and
Class 1-A10 Certificates, 16.1279785722% of
the amount described in clause (B)(2)(b)
above, concurrently, as follows:
(A) to the Class 1-A2 Certificates,
73.2759493671% of the amount described in
clause (B)(2)(b)(iii) above, until the Class
Certificate Principal Balance thereof has
been reduced to zero; and
(B) to the Class 1-A9 and Class 1-A10
Certificates, 26.7240506329% of the amount
described in clause (B)(2)(b)(iii) above, in
the following order of priority:
(1) to the Class 1-A9 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to
zero; and
(2) to the Class 1-A10 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to zero;
and
(3) to the Class 1-A2, Class 1-A3, Class
1-A4, Class 1-A5, Class 1-A6 and Class 1-A7
Certificates, the remaining amount described in
clause (B) above, after giving effect to clauses
(B)(1) and (B)(2) above, concurrently, as follows:
(a) to the Class 1-A2 Certificates,
28.6624203822% of the amount described in
clause (B)(3) above, until the Class
Certificate Principal Balance thereof has
been reduced to zero;
(b) to the Class 1-A3, Class 1-A4,
Class 1-A5 and Class 1-A6 Certificates,
35.6687898089% of the amount described in
clause (B)(3) above, in the following order
of priority:
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<PAGE>
(i) to the Class 1-A3 Certificates,
until the Class Certificate Principal Balance
thereof has been reduced to zero;
(ii) to the Class 1-A4 Certificates,
until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iii) to the Class 1-A5 Certificates,
until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(iv) to the Class 1-A6 Certificates,
until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(c) to the Class 1-A7 Certificates,
35.6687898089% of the amount described in
clause (B)(3) above, until the Class
Certificate Principal Balance thereof has
been reduced to zero; and
(4) to the Class 1-A8 Certificates, the
remaining amount described in clause (B) above,
after giving effect to clauses (B)(1) through
(B)(3) above, until the Class Certificate
Principal Balance thereof has been reduced to
zero; and
(C) to the Class 1-PO Certificates, the Class 1-PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class 1-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount for
the Pool 1 Certificates for such Distribution Date, until
the Class Certificate Principal Balance of such Class has
been reduced to zero; provided, that any such amounts
distributed to the Class 1-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate Principal
Balance thereof;
(v) to the Class 1-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 1-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 1-M Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
77
(viii) to the Class 1-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 1-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 1-B1 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 1 Certificates on such Distribution Date;
(xi) to the Class 1-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 1-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 1-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xiv) to the Class 1-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 1-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 1-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xvii) to the Class 1-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 1-B4 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 1-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xx) to the Class 1-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 1-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
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<PAGE>
(xxii) to the Class 1-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
withdraw the Available Funds in respect of Pool 2 from the Pool 2
Certificate Account and shall make distributions to Holders of
the Pool 2 Certificates as of the preceding Record Date in the
following order of priority, to the extent of the remaining
Available Funds in respect of Pool 2:
(i) to each Class of Pool 2 Senior Certificates
(other than any Class of Principal Only Certificates),
the Accrued Certificate Interest thereon for such
Distribution Date; provided, however, that any
shortfall in available amounts shall be allocated among
such Classes in proportion to the amount of Accrued
Certificate Interest that would otherwise be
distributable thereon;
(ii) to each Class of Pool 2 Senior Certificates
(other than any Class of Principal Only Certificates),
any related Unpaid Class Interest Shortfall for such
Distribution Date; provided, however, that any
shortfall in available amounts shall be allocated among
such Classes in proportion to the Unpaid Class Interest
Shortfall for each such Class on such Distribution
Date;
(iii) to the Classes of Pool 2 Senior
Certificates, in reduction of the Class Certificate
Principal Balances thereof, concurrently, as follows:
(A) to the Class 2-A4 Certificates, the Pool
2 Group II Senior Principal Distribution Amount
for such Distribution Date, until the Class
Certificate Principal Balance of such Class has
been reduced to zero;
(B) to the Pool 2 Group I Senior
Certificates, the Senior Optimal Principal Amount
in respect of Pool 2 for such Distribution Date,
as reduced by the Pool 2 Group II Senior Principal
Distribution Amount distributed pursuant to clause
(A) above on such Distribution Date (such reduced
amount, the "Pool 2 Group I Senior Principal
Distribution Amount"), in the following order of
priority:
(1) concurrently, to the Class 2-R and
Class 2-RL Certificates, in proportion to
their respective Class Certificate
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<PAGE>
Principal Balances, until the Class
Certificate Principal Balance of each such
Certificate has been reduced to zero;
(2) to the Class 2-A1, Class 2-A5, Class
2-A6, Class 2-A10, Class 2-A11 and Class
2-A12 Certificates, the amount set forth in
clause (B) above, after giving effect to
clause (B)(1) above, concurrently, as
follows:
(a) to the Class 2-A5, Class 2-A6, Class
2-A11 and Class 2-A12 Certificates,
48.2758620690% of the amount set forth in
clause (B)(2) above, in the following order
of priority:
(i) to the Class 2-A6, Class 2-A11 and
Class 2-A12 Certificates, concurrently, as
follows:
(A) sequentially, to the Class 2-A12
Certificates and Class 2-A11 Certificates, in
that order, 83.2985386221% of the amount set
forth in clause (B)(2)(a) above, up to the
amount necessary to reduce the Class
Certificate Principal Balance of each such
Class to its respective TAC Balance for such
Distribution Date, such that no amount will
be distributable to the Class 2-A11
Certificates pursuant to this clause until
the amount distributable to the Class 2-A12
Certificates pursuant to this clause has been
distributed; and
(B) to the Class 2-A6 Certificates,
16.7014613779% of the amount set forth in
clause (B)(2)(a) above, up to the amount
necessary to reduce the Class Certificate
Principal Balance thereof to its TAC Balance
for such Distribution Date;
(ii) to the Class 2-A5 Certificates, up
to the amount necessary to reduce the Class
Certificate Principal Balance thereof to its
TAC Balance for such Distribution Date;
(b) to the Class 2-A1 and Class 2-A10
Certificates, 51.7241379310% of the amount
set forth in clause (B)(2) above,
concurrently, as follows:
(i) to the Class 2-A1 Certificates,
14.0477466667% of the amount set forth in
clause (B)(2)(b) above, up to the amount
necessary to reduce
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<PAGE>
the Class Certificate Principal Balance of
such Class to its TAC Balance for such
Distribution Date; and
(ii) sequentially, to the
Class 2-A10 and Class 2-A1
Certificates, in that order,
85.9522533333% of the amount set
forth in clause (B)(2)(b) above, up
to the amount necessary to reduce
the Class Certificate Principal
Balance of each such Class to its
respective TAC Balance for such
Distribution Date, such that no
amount will be distributable to the
Class 2-A1 Certificates pursuant to
this clause until the amount
distributable to the Class 2-A10
Certificates pursuant to this clause
has been distributed; and
(3) to the Class 2-A1, Class 2-A2, Class
2-A14, Class 2-A15 and Class 2-A16
Certificates, the amount set forth in clause
(B) above, after giving effect to clauses
(B)(1) and (B)(2) above, concurrently, as
follows:
(a) sequentially, to the Class
2-A14, Class 2-A15 and Class 2-A16
Certificates, in that order,
34.2437509965% of the amount set forth in
clause (B)(3) above, up to the amount
necessary to reduce the Class Certificate
Principal Balance of each such Class to
its respective TAC Balance for such
Distribution Date, such that no amount
will be distributable to the Class 2-A15
Certificates pursuant to this clause
until the amount distributable to the
Class 2-A14 Certificates pursuant to this
clause has been distributed, and that no
amount will be distributable to the Class
2-A16 Certificates until the amount
distributable on the Class 2-A15
Certificates pursuant to this clause has
been distributed;
(b) to the Class 2-A2 Certificates,
34.2437509965% of the amount set forth in
clause (B)(3) above, up to the amount
necessary to reduce the Class Certificate
Principal Balance thereof to its TAC Balance
for such Distribution Date; and
(c) to the Class 2-A1 Certificates,
31.5124980070% of the amount set forth in
clause (B)(3) above, up to the amount
necessary to reduce the Class Certificate
Principal Balance thereof to its TAC Balance
for such Distribution Date;
(4) concurrently, to the Class 2-A8 and
Class 2-A9 Certificates, in proportion to
their respective Class Certificate
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<PAGE>
Principal Balances, up to the amount
necessary to reduce the Class Certificate
Principal Balance of each such Class to its
respective TAC Balance for such Distribution
Date;
(5) concurrently, to the Class 2-A3 and
Class 2-A7 Certificates, in proportion to
their respective Class Certificate Principal
Balances, until the Class Certificate
Principal Balance of each such Class has been
reduced to zero;
(6) to the Class 2-A1, Class 2-A5, Class
2-A6, Class 2-A10, Class 2-A11 and Class
2-A12 Certificates, the amount set forth in
clause (B) above, after giving effect to
clauses (B)(1) through (B)(5) above,
concurrently, as follows:
(a) to the Class 2-A5, Class 2-A6, Class
2-A11 and Class 2-A12 Certificates,
48.2758620690% of the amount set forth in
clause (B)(6) above, in the following order
of priority:
(i) to the Class 2-A6, Class 2-A11 and
Class 2-A12 Certificates, concurrently, as
follows:
(A) sequentially, to the
Class 2-A12 and Class 2-A11
Certificates, in that order,
83.2985386221% of the amount set
forth in clause (B)(6)(a) above,
up to the amount necessary to
reduce the Class Certificate
Principal Balance of each such
Class to its respective TAC
Balance for such Distribution
Date, such that no amount will
be distributable to the Class
2-A11 Certificates pursuant to
this clause until the amount
distributable to Class 2-A12
Certificates pursuant to this
clause has been distributed; and
(B) to the Class 2-A6 Certificates,
16.7014613779% of the amount set forth in
clause (B)(6)(a) above, up to the amount
necessary to reduce the Class Certificate
Principal Balance thereof to its TAC
Balance for such Distribution Date;
(ii) to the Class 2-A5 Certificates,
without regard to its TAC Balance for such
Distribution Date, until the Class
Certificate Principal Balance thereof has
been reduced to zero;
(iii) to the Class 2-A6, Class 2-A11 and
Class 2-A12 Certificates, concurrently, as
follows:
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(A) sequentially, to the
Class 2-A12 and Class 2-A11
Certificates, in that order,
83.2985386221% of the amount set
forth in clause (B)(6)(a) above,
after giving effect to clauses
(B)(6)(a)(i) and (B)(6)(a)(ii),
without regard to their
respective TAC Balances for such
Distribution Date, until the
Class Certificate Principal
Balance of each such Class has
been reduced to zero, such that
no amount will be distributable
to the Class 2-A11 Certificates
pursuant to this clause until
the Class Certificate Principal
Balance of the Class 2-A12
Certificates has been reduced to
zero; and
(B) to the Class 2-A6 Certificates,
16.7014613779% of the amount set forth
in clause (B)(6)(a) above, after giving
effect to clauses (B)(6)(a)(i) and (B)(6)
(a)(ii), without regard to its TAC Balance
for such Distribution Date, until the Class
Certificate Principal Balance thereof
has been reduced to zero;
(b) to the Class 2-A1 and Class 2-A10
Certificates, 51.7241379310% of the amount
set forth in clause (B)(6) above,
concurrently, as follows:
(i) to the Class 2-A1 Certificates,
14.0477466667% of the amount set forth in
clause (B)(6)(b) above, without regard to its
TAC Balance for such Distribution Date, until
the Class Certificate Principal Balance
thereof has been reduced to zero; and
(ii) sequentially, to the
Class 2-A10 and Class 2-A1
Certificates, in that order,
85.9522533333% of the amount set
forth in clause (B)(6)(b) above,
without regard to their respective
TAC Balances for such Distribution
Date, until the Class Certificate
Principal Balance of each such Class
has been reduced to zero, such that
no amount will be distributable to
the Class 2-A1 Certificates pursuant
to this clause until the Class
Certificate Principal Balance of the
Class 2-A10 Certificates has been
reduced to zero;
(7) to the Class 2-A1, Class 2-A2, Class
2-A14, Class 2-A15 and Class 2-A16
Certificates, the amount set forth in clause
(B) above, after giving effect to clauses
(B)(1) through (B)(6) above, concurrently, as
follows:
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<PAGE>
(a) sequentially, to the Class 2-A14, Class
2-A15 and Class 2-A16 Certificates, in that order,
34.2437509965% of the amount set forth in clause
(B)(7) above, without regard to their respective
TAC Balances for such Distribution Date, until the
Class Certificate Principal Balance of each such
Class has been reduced to zero, such that no
amount will be distributable to the Class 2-A15
Certificates pursuant to this clause until the
Class Certificate Principal Balance of the Class
2-A14 Certificates has been reduced to zero, and
such that no amount will be distributable to the
Class 2-A16 Certificates pursuant to this clause
until the Class Certificate Principal Balance of
the Class 2-A15 Certificates has been reduced to
zero;
(b) to the Class 2-A2 Certificates,
34.2437509965% of the amount set forth in
clause (B)(7) above, without regard to its
TAC Balance for such Distribution Date, until
the Class Certificate Principal Balance
thereof is reduced to zero; and
(c) to the Class 2-A1 Certificates,
31.5124980070% of the amount set forth in
clause (B)(7) above, without regard to its
TAC Balance for such Distribution Date, until
the Class Certificate Principal Balance
thereof has been reduced to zero; and
(8) concurrently, to the Class 2-A8 and
Class 2-A9 Certificates, in proportion to
their respective Class Certificate Principal
Balances, without regard to their respective
TAC Balances for such Distribution Date,
until the Class Certificate Principal Balance
of each such Class has been reduced to zero;
(C) to the Class 2-PO Certificates, the PO
Principal Distribution Amount for Pool 2 for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to
zero;
(iv) to the Class 2-PO Certificates, any related
Class PO Deferred Amount for such Distribution Date, up
to an amount not to exceed the Junior Optimal Principal
Amount for the Pool 2 Certificates for such
Distribution Date, until the Class Certificate
Principal Balance of such Class has been reduced to
zero; provided, that any such amounts distributed to
the Class 2-PO Certificates pursuant to this clause
(iv) shall not reduce the Class Certificate Principal
Balance thereof;
(v) to the Class 2-M Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
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<PAGE>
(vi) to the Class 2-M Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(vii) to the Class 2-M Certificates, in reduction
of the Class Certificate Principal Balance thereof,
such Class's Allocable Share of the Junior Optimal
Principal Amount for the Pool 2 Certificates on such
Distribution Date;
(viii) to the Class 2-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(ix) to the Class 2-B1 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(x) to the Class 2-B1 Certificates, in reduction
of the Class Certificate Principal Balance thereof,
such Class's Allocable Share of the Junior Optimal
Principal Amount for the Pool 2 Certificates on such
Distribution Date;
(xi) to the Class 2-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xii) to the Class 2-B2 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xiii) to the Class 2-B2 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such Class's Allocable Share of the Junior
Optimal Principal Amount for the Pool 2 Certificates on
such Distribution Date;
(xiv) to the Class 2-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xv) to the Class 2-B3 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xvi) to the Class 2-B3 Certificates, in reduction
of the Class Certificate Principal Balance thereof,
such Class's Allocable Share of the Junior Optimal
Principal Amount for the Pool 2 Certificates on such
Distribution Date;
(xvii) to the Class 2-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xviii) to the Class 2-B4 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xix) to the Class 2-B4 Certificates, in reduction
of the Class Certificate Principal Balance thereof,
such Class's Allocable Share of the Junior Optimal
Principal Amount for the Pool 2 Certificates on such
Distribution Date;
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<PAGE>
(xx) to the Class 2-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xxi) to the Class 2-B5 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date; and
(xxii) to the Class 2-B5 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such Class's Allocable Share of the Junior
Optimal Principal Amount for the Pool 2 Certificates on
such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(c) On each Distribution Date, the Trustee shall
withdraw the Available Funds in respect of Pool 3 from the Pool 3
Certificate Account and shall make distributions to Holders of
the Pool 3 Certificates as of the preceding Record Date in the
following order of priority, to the extent of the remaining
Available Funds in respect of Pool 3;
(i) to each Class of Pool 3 Senior Certificates (other
than any Class of Principal Only Certificates), the Accrued
Certificate Interest thereon for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
amount of Accrued Certificate Interest that would otherwise
be distributable thereon;
(ii) to each Class of Pool 3 Senior Certificates (other
than any Class of Principal Only Certificates), any related
Unpaid Class Interest Shortfall for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
Unpaid Class Interest Shortfall for each such Class (or
Component) on such Distribution Date; -------- -------
(iii) to the Classes of Pool 3 Senior Certificates in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) to the Class 3-A and Class 3-R Certificates,
in the following order of priority:
(i) to the Class 3-R Certificates, the Senior
Optimal Principal Amount in respect of Pool 3 for
such Distribution Date, until the Class
Certificate Principal Balance of such Class has
been reduced to zero; and
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<PAGE>
(ii) to the Class 3-A Certificates, the Senior
Optimal Principal Amount in respect of Pool 3 for
such Distribution Date, until the Class
Certificate Principal Balance of such Class has
been reduced to zero; and
(B) to the Class 3-PO Certificates, the Class 3-PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class 3-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount for
the Pool 3 Certificates for such Distribution Date, until
the Class Certificate Principal Balance of such Class has
been reduced to zero; provided, that any such amounts
distributed to the Class 3-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate Principal
Balance thereof;
(v) to the Class 3-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 3-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 3-M Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 3 Certificates on such Distribution
Date;
(viii) to the Class 3-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 3-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 3-B1 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 3 Certificates on such Distribution Date;
(xi) to the Class 3-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 3-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 3-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 3 Certificates on such Distribution
Date;
(xiv) to the Class 3-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
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(xv) to the Class 3-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 3-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 3 Certificates on such Distribution
Date;
(xvii) to the Class 3-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 3-B4 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 3-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 3 Certificates on such Distribution
Date;
(xx) to the Class 3-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 3-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 3-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 3 Certificates on such Distribution
Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(d) On each Distribution Date, the Trustee shall
distribute to the holder of the Class 1-R Certificate, any
remaining Available Funds in respect of Pool 1, to the holder of
the Class 2-R Certificate, any remaining amounts in the Upper
Tier REMIC, and to the holder of the Class 3-R Certificate, any
remaining Available Funds in respect of Pool 3, in each case, for
such Distribution Date after application of all amounts described
in clauses (a), (b) and (c) of this Section 4.01, as applicable,
together with any Unanticipated Recoveries in respect of Pool 1,
in the case of the Class 1-R Certificates, Pool 2, in the case of
the Class 2-R Certificates, Pool 3, in the case of the Class 3-R
Certificates, received by the Company in the calendar month
preceding the month of such Distribution Date and not distributed
on such Distribution Date to the holders of outstanding
Certificates of any other related Class pursuant to Section
4.01(h). Any
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distributions pursuant to this clause (d) shall not
reduce the Class Certificate Principal Balance of the related
Residual Certificates.
(e) If on any Distribution Date the Class Certificate
Principal Balances of the Pool 1 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 1
Senior Certificates (other than the Class 1-PO Certificates)
pursuant to Section 4.01(a)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 1 Senior Certificates, pro rata, on the basis of
their respective Class Certificate Principal Balances immediately
prior to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(a)(iii).
If on any Distribution Date the Class Certificate
Principal Balances of the Pool 2 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 2
Senior Certificates (other than the Class 2-PO Certificates)
pursuant to Section 4.01(b)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 2 Senior Certificates, pro rata, on the basis of
their respective Class Certificate Principal Balances immediately
prior to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(b)(iii).
If on any Distribution Date the Class Certificate
Principal Balances of the Pool 3 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 3
Senior Certificates (other than the Class 3-PO Certificates)
pursuant to Section 4.01(c)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 3 Senior Certificates, pro rata, on the basis of
their respective Class Certificate Principal Balances immediately
prior to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(c)(iii).
(f) If on any Distribution Date (i) the Class
Certificate Principal Balance of a Class of Class M Certificates
or any Class of Class B Certificates for which the related
Prepayment Distribution Trigger was satisfied on such
Distribution Date is reduced to zero and (ii) amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
Junior Optimal Principal Amount for the related Certificate Group
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a), in the case of the Pool 1
Certificates, Section 4.01(b), in the case of the Pool 2
Certificates, or Section 4.01(c), in the case of Pool 3, have
been distributed, such amounts shall be distributed on such
Distribution Date to the remaining Classes of Junior Certificates
of such Certificate Group in order of priority, such that no such
distribution shall be made to any Class of Junior Certificates
while a prior such Class of the related Certificate Group is
outstanding.
(g) [Intentionally Omitted.]
(h) In the event that in any calendar month the Company
recovers an amount (an "Unanticipated Recovery") in respect of
principal of a Mortgage Loan which had previously been allocated
as a Realized Loss to any Class of Certificates pursuant to
Section 4.03, on the Distribution Date in the next succeeding
calendar month the Trustee shall withdraw from the related
Certificate Account and distribute to the holders of each
outstanding Class to which such Realized Loss had previously been
allocated its share (determined as described in the succeeding
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paragraph) of such Unanticipated Recovery in an amount not to
exceed the amount of such Realized Loss previously allocated to
such Class. When the Class Certificate Principal Balance of a
Class of Certificates has been reduced to zero, the holders of
such Class shall not be entitled to any share of an Unanticipated
Recovery, and such Unanticipated Recovery shall be allocated
among all outstanding Classes of Certificates of the related
Certificate Group entitled thereto in accordance with the
preceding sentence, subject to the remainder of this subsection
(h). In the event that (i) any Unanticipated Recovery remains
undistributed in accordance with the preceding sentence or (ii)
the amount of an Unanticipated Recovery exceeds the amount of the
Realized Loss previously allocated to any outstanding Classes
with respect to the related Mortgage Loan, on the applicable
Distribution Date the Trustee shall distribute to the holders of
all outstanding Classes of the Certificates of the related
Certificate Group to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as
described below) of such excess in an amount not to exceed the
aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with this Section 4.01(h). Any
distributions made pursuant to this Section 4.01(h) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to a
Class of Class PO Certificates, based on the applicable PO
Percentage of the principal portion of the Realized Loss
previously allocated thereto with respect to such Mortgage Loan
(or all Mortgage Loans for purposes of the next to last sentence
of the preceding paragraph), and (ii) with respect to any other
Class of Certificates, based on its pro rata share (in proportion
to the Class Certificate Principal Balances thereof with respect
to such Distribution Date) of the applicable Non-PO Percentage of
the principal portion of any such Realized Loss previously
allocated with respect to such Mortgage Loan (or Loans);
provided, however, that (i) the share of an Unanticipated
Recovery allocable to a Class PO Certificate with respect to any
Mortgage Loan (or Loans) shall be reduced by the aggregate amount
previously distributed to such Class on account of the applicable
Class PO Deferred Amount in respect of such Mortgage Loan (or
Loans) and (ii) the amount by which the distributions to the
Class PO Certificates have been so reduced shall be distributed
to the Classes of Certificates of the related Certificate Group
described in clause (ii) of the preceding paragraph in the same
proportion as described in such clause (ii). For purposes of the
preceding sentence, any Class PO Deferred Amount distributed to a
Class PO Certificate on previous Distribution Dates shall be
deemed to have been allocated in respect of the Mortgage Loans as
to which the applicable PO Percentage of the principal portion of
Realized Losses has previously been allocated to such Class on a
pro rata basis (based on the amount of Realized Losses so
allocated).
(i) On each Distribution Date through the earlier of
(a) the Distribution Date in July 2001, or (b) the Distribution
Date on which the Class Certificate Principal Balance of the
Class 2-A9 Certificates is reduced to zero (the "Class 2-A9
Interest Account Termination Date"), the Custodian shall withdraw
and transfer to the Trustee, from amounts on deposit in the Class
2-A9 Interest Account, an amount equal to the excess of (i) the
amount of interest accrued on the Class 2-A9 Certificates during
the related Interest Accrual Period at the then-applicable
Certificate Interest Rate, over (ii) the amount of interest that
would have accrued on the Class 2-A9 Certificates during such
Interest Accrual Period at a Certificate Interest Rate equal to
6.50%
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per annum, and the Trustee shall distribute such amounts to
the Holders of the Class 2-A9 Certificates, as part of the
distribution of interest thereon pursuant to Sections 4.01(b)(i)
and (ii) above. On the Class 2-A9 Interest Account Termination
Date, the Custodian shall withdraw any amounts remaining in the
Class 2-A9 Interest Account and transfer such amounts to the
Trustee for distribution to the Holders of the Class 2-RL
Certificates.
Section 4.02. Method of Distribution. (a) All distributions
with respect to each Class of Certificates on each Distribution
Date shall be made pro rata among the outstanding Certificates of
such Class, based on the Percentage Interest in such Class
represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to
be made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
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Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan in each
Mortgage Pool that occurred during the immediately preceding
calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) in respect of Pool 1 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 1-PO Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 1-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 1-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 1-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 1-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 1-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 1-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 1 Senior
Certificates other than the Class 1-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and any
Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto); and
provided, further, that all such losses other than
Non-Credit Losses, that would otherwise be allocable to
the Class 1-A8 Certificates shall be allocable, first,
to the Class 1-A17 Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero, and, second, to the Class 1-A8 Certificates.
With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) in
respect of Pool 2 shall be allocated as follows:
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(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 2-PO Certificates until the Class Certificate
Principal Balance of such Class has been reduced to zero;
and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 2-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 2-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 2-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 2-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 2-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 2-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 2 Senior
Certificates other than the Class 2-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and any
Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto).
With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) in
respect of Pool 3 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 3-PO Certificates until the Class Certificate
Principal Balance of such Class has been reduced to zero;
and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 3-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
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second, to the Class 3-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 3-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 3-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 3-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 3-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 3 Senior
Certificates other than the Class 3-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and any
Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss in respect of a Mortgage
Pool (other than Excess Bankruptcy Losses attributable to Debt
Service Reductions) shall be allocated as follows: (1) the
applicable PO Percentage of any such loss shall be allocated to
the Class 1-PO Certificates, in the case of Pool 1, to the Class
2-PO Certificates, in the case of Pool 2, and to the Class 3-PO
Certificates, in the case of Pool 3, and (2) the applicable
Non-PO Percentage of any such loss shall be allocated to each
Class of Pool 1 Certificates other than the Class 1-PO
Certificates, in the case of Pool 1, to each Class of Pool 2
Certificates other than the Class 2-PO Certificates, in the case
of Pool 2, and to each Class of Pool 3 Certificates other than
the Class 3-PO Certificates, in the case of Pool 3, pro rata,
based on the respective Class Certificate Principal Balances
thereof; provided, that any such loss allocated to any Class of
Accrual Certificates (and any Accrual Component) shall be
allocated (subject to Section 4.03(d)) on the basis of the lesser
of (x) the Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate Principal Balance
(or Component Principal Balance) thereof on the Closing Date (as
reduced by any Realized Losses previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component)
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in proportion to their respective Component Principal Balances
immediately prior to such Distribution Date. Any allocation of
Realized Losses pursuant to this paragraph (d) shall be
accomplished by reducing the Certificate Principal Balance (or,
in the case of any Component, the Component Principal Balance) of
the related Certificates (or Components) on the related
Distribution Date in accordance with Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses in respect of Pool 1 to be
allocated to the Class 1-PO Certificates on such Distribution
Date will be taken into account in determining distributions in
respect of any related Class PO Deferred Amount for such date,
the aggregate amount of Realized Losses in respect of Pool 2 to
be allocated to the Class 2-PO Certificates on such Distribution
Date will be taken into account in determining distributions in
respect of any related Class PO Deferred Amount for such date,
and the aggregate amount of Realized Losses in respect of Pool 3
to be allocated to the Class 3-PO Certificates on such
Distribution Date will be taken into account in determining
distributions in respect of any related Class PO Deferred Amount
for such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any,
for each Mortgage Pool. Any such Subordinate Certificate
Writedown Amount shall effect a corresponding reduction in the
Certificate Principal Balance of the Subordinate Certificates of
the related Certificate Group, which reduction shall occur on
such Distribution Date after giving effect to distributions made
on such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of the principal portion of any Realized Loss in respect of a
Mortgage Pool shall be made on a Distribution Date to a Class of
Certificates of the related Certificate Group to the extent that
such allocation would result in the reduction of the aggregate
Certificate Principal Balances of all the Certificates as of such
Distribution Date, after giving effect to all distributions and
prior allocations of Realized Losses in respect of such Mortgage
Pool on such date, to an amount less than the aggregate Scheduled
Principal Balance of the Mortgage Loans in the related Mortgage
Pool as of the first day of the month of such Distribution Date,
less any Deficient Valuations occurring on or prior to the
related Bankruptcy Coverage Termination Date (such limitation,
the related "Loss Allocation Limitation").
(h) Any allocation of a Realized Loss to a Class of
Pool 2 Certificates (or Component), or of any Subordinate
Certificate Writedown Amount to a Class of Subordinate
Certificates in Pool 2, pursuant to this Section 4.03 shall
effect a corresponding allocation thereof to the corresponding
Class of Lower Tier Interest and, in the case of the principal
portion of any such Realized loss and any such Subordinate
certificate Writedown Amount, a corresponding reduction in the
related Lower Tier Balance thereof
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine
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(i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a)), no
Monthly Advance shall be required with respect thereto for the
month in which such purchase occurs. The Company shall include
information as to each of such determinations in the Servicer's
Certificate furnished by it to the Trustee in accordance with
Section 4.06 and shall be obligated to transfer to the related
Certificate Account pursuant to Section 3.02(d) on or before
11:00 a.m. New York time on the Business Day next preceding the
following Distribution Date in next-day funds the respective
amounts applicable to such determinations appearing in such
Servicer's Certificate. Upon receipt by the Trustee of written
notification signed by a Servicing Officer of any such deposit
relating to the purchase by the Company of such a Mortgage Loan,
the Trustee shall release to the Company the related Mortgage
File and shall execute and deliver such instruments of transfer
or assignment, in each case without recourse, as shall be
necessary to vest in the Company any Mortgage Loan released
pursuant hereto.
(b) In the event that the Company transfers or expects
to transfer less than the Available Funds in respect of a
Mortgage Pool required to be deposited by it pursuant to Section
3.02(d), the Company shall so notify the Trustee no later than
9:00 a.m. on the Business Day preceding the related Distribution
Date, and the amount so transferred, if any, shall be deemed to
have been transferred first pursuant to clause (1) of the
definition of Available Funds for such Mortgage Pool, second
pursuant to clause (iii) of the definition of Available Funds for
such Mortgage Pool, and third pursuant to clause (ii) of the
definition of Available Funds for such Mortgage Pool. Such notice
shall specify each Mortgage Loan delinquent as of the preceding
Determination Date. In such event, the Trustee shall make any
Monthly Advance required to be made hereunder, in the manner and
to the extent required; provided, the Trustee shall not be so
obligated if prohibited by applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. Each month,
at least two Business Days prior to each Distribution Date, the
Company shall deliver to the Trustee for mailing to each
Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any amounts
deposited pursuant to Section 2.03(b) in connection with the
substitution of any Mortgage Loans pursuant to Section 2.02
or 2.03(a), the proceeds of which purchases or substitutions
are being distributed on such Distribution Date);
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(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance of any Class of Accrual Certificates (or
the Component Principal Balance of any Accrual Component);
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of distribution
in respect of the Mortgage Loans and such other customary
information as the Company deems necessary or desirable to
enable Certificateholders to prepare their tax returns;
(iv) The Pool Scheduled Principal Balance for each
Mortgage Pool and the aggregate number of the Mortgage Loans
in each Mortgage Pool on the preceding Due Date after giving
effect to all distributions allocable to principal made on
such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class, the Component
Principal Balance of each Component and the Certificate
Principal Balance (or Notional Principal Balance) of a
Single Certificate of each Class after giving effect to (i)
all distributions allocable to principal (or reductions in
the Notional Principal Balance, in the case of the Notional
Certificates, or the addition of any Accrual Amount, in the
case of any Class of Accrual Certificates or Accrual
Component) made on such Distribution Date and (ii) the
allocation of any Realized Losses and any Subordinate
Certificate Writedown Amount for such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of
any real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans, separately identified
as to each Mortgage Pool;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure, separately identified as to each Mortgage
Pool;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b);
(x) The Certificate Interest Rates of any LIBOR
Certificates and any COFI Certificates applicable to the
Interest Accrual Period relating to such Distribution Date
and such Class;
(xi) The Senior Percentage and Junior Percentage for
each Certificate Group, the Pool 1
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Group II Senior Percentage, the Class 2-A4 Percentage, the
Pool 1 Group II Senior Distribution Percentage and the Class
2-A4 Distribution Percentage for such Distribution Date;
(xii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for each Certificate Group for such
Distribution Date; and
(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
of the related Certificate Group pursuant to this Section 4.05(a)
on previous Distribution Dates, (ii) all certificates furnished
to the Trustee pursuant to Section 4.06 in prior months, (iii)
Officer's Certificates furnished to the Trustee pursuant to
Section 3.12 for the two years preceding such request, (iv)
reports of independent accountants furnished to the Trustee
pursuant to Section 3.13 for the two years preceding such
request, (v) a copy of the Private Placement Memorandum relating
to such Certificate, together with any amendments or supplements
thereto issued by the Company (which copy shall be furnished to
the Trustee by the Company), and (vi) the Company's Current
Report on Form 8-K, dated the Closing Date, relating to the
Mortgage Loans; provided, however, that the Trustee shall in no
event be required to make available such statements or
certificates pursuant to clauses (i) and (ii) above relating to
Distribution Dates occurring more than twenty-four months
preceding the month in which such request was received; provided,
further, however, that notwithstanding the Trustee's agreement as
aforesaid to provide such materials to a proposed transferee, the
Trustee does not assume, and shall not thereby be deemed to have
assumed, any responsibility for compliance by the Company with
Rule 144A (subject to the Trustee's agreement set forth in the
second sentence of this paragraph) and shall be entitled to
include a notice with such statements or certificates to the
effect that such materials have not been prepared or assembled by
the Trustee and that the Trustee assumes no responsibility for
the adequacy, sufficiency or contents thereof. In connection with
any such proposed transfer, the Company shall make available to
the proposed holder, at the request of the related transferor,
such additional information, if any, as may be required to be
delivered pursuant to Rule 144A(d)(4).
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property. The Trustee (or the Company on behalf of the
Trustee) shall, in each year beginning after 1998, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section
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6050J of the Code. In order to facilitate this reporting process,
the Company, on or before January 15th of each year, shall
provide to the Trustee reports relating to each instance
occurring during the previous calendar year in which the Company
(i) on behalf of the Trustee acquires an interest in a Mortgaged
Property through foreclosure or other comparable conversion in
full or partial satisfaction of a Mortgage Loan, or (ii) knows or
has reason to know that a Mortgaged Property has been abandoned.
Reports from the Company shall be in form and substance
sufficient to meet the reporting requirements imposed by section
6050J of the Code.
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments. The aggregate amount of the Base
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date and either Mortgage Pool shall
be reduced by the amount of any Compensating Interest Payment for
such Distribution Date and such Mortgage Pool.
Section 4.09. Surety Bond. (a) If a Required Surety
Payment is payable pursuant to the Surety Bond with respect to
any Pledged Asset Mortgage Loan, the Company shall so notify the
Trustee as soon as reasonably practicable and shall, on behalf of
the Trustee for the benefit of the related Certificateholders,
promptly complete the notice in the form of Attachment 1 to the
Surety Bond and shall promptly submit such notice to the Surety
as a claim for a Required Surety Payment.
(b) Upon receipt of a Required Surety Payment from the
Surety on behalf of the Certificateholders, the Company shall
promptly credit the Mortgage Loan Payment Record and shall
distribute such Required Surety Payment, or the proceeds thereof,
in accordance with the provisions of Section 4.01.
ARTICLE V.
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates
shall be substantially in the forms set forth in Exhibit A
hereto, as applicable, and shall, on original issue, be executed
by the Trustee, not in its individual capacity but solely as
Trustee, and countersigned and delivered by the Trustee to or
upon the order of the Company as provided in Article II.
(b) The Pool 1 Certificates, the Pool 2 Certificates
and the Pool 3 Certificates shall be issued in aggregate Initial
Certificate Principal Balances of $517,803,572.60,
$249,048,321.27 and $115,714,205.91, respectively. Such aggregate
original principal balances shall be divided among the Classes
having the designations, Class Certificate Principal Balances,
Certificate Interest Rates and minimum denominations as follows:
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Initial Class Certificate
Certificate Principal Interest Minimum
Designation Balance Rate Denominations
- ------------- ------------- ------------- -------------
Pool 1
Class 1-A1 $191,300,000.00 6.75% $25,000
Class 1-A2 49,680,000.00 6.75 25,000
Class 1-A3 4,860,000.00 7.00 1,000
Class 1-A4 3,980,000.00 7.00 1,000
Class 1-A5 3,980,000.00 7.00 1,000
Class 1-A6 3,980,000.00 7.00 1,000
Class 1-A7 16,800,000.00 6.50 25,000
Class 1-A8 41,524,119.00 6.75 25,000
Class 1-A9 3,275,000.00 6.75 25,000
Class 1-A10 9,920,000.00 6.75 25,000
Class 1-A11 51,000,000.00 6.75 25,000
Class 1-A12 35,200,000.00 6.75 25,000
Class 1-A13 14,900,000.00 6.75 25,000
Class 1-A14 79,000.00 6.75 25,000
Class 1-A15 45,620,000.00 6.75 25,000
Class 1-A16 19,850,000.00 6.75 25,000
Class 1-A17 720,000.00 6.75 25,000
Class 1-PO 422,779.61 0.00 (2)
Class 1-M 9,579,000.00 6.75 100,000
Class 1-B1 4,143,000.00 6.75 100,000
Class 1-B2 2,330,000.00 6.75 100,000
Class 1-B3 2,071,000.00 6.75 250,000
Class 1-B4 1,036,000.00 6.75 250,000
Class 1-B5 1,553,574.00 6.75 250,000
Class 1-R 100.00 6.75 100
Pool 2
Class 2-A1 $23,177,880.00 6.75 25,000
Class 2-A2 7,474,000.00 6.50 1,000
Class 2-A3 11,633,823.00 (3) 25,000
Class 2-A4 24,904,832.00 6.75 25,000
Class 2-A5 24,125,000.00 6.75 25,000
Class 2-A6 10,000,000.00 6.50 25,000
Class 2-A7 3,016,177.00 (3) 25,000
Class 2-A8 1,750,000.00 7.00 1,000
Class 2-A9 1,750,000.00 (4) 1,000
Class 2-A10 73,700,000.00 6.75 25,000
Class 2-A11 44,500,000.00 6.75 25,000
Class 2-A12 5,375,000.00 6.75 25,000
Class 2-A13 (1) 0.25 2,500,000
Class 2-A14 2,491,000.00 7.00 1,000
Class 2-A15 2,491,000.00 7.00 1,000
Class 2-A16 2,492,000.00 7.00 1,000
Class 2-PO 205,476.68 0.00 (2)
Class 2-M 4,607,000.00 6.75 100,000
Class 2-B1 1,992,000.00 6.75 100,000
Class 2-B2 1,121,000.00 6.75 100,000
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Initial Class Certificate
Certificate Principal Interest Minimum
Designation Balance Rate Denominations
- ------------- ------------- ------------- -------------
Class 2-B3 996,000.00 6.75 250,000
Class 2-B4 498,000.00 6.75 250,000
Class 2-B5 747,933.00 6.75 250,000
Class 2-R 100.00 6.75 100
Class 2-RL 100.00 6.75 100
Pool 3
Class 3-A 112,817,662.00 6.50 25,000
Class 3-PO 292,874.21 6.50 (2)
Class 3-M 1,157,000.00 6.50 100,000
Class 3-B1 578,000.00 6.50 100,000
Class 3-B2 289,000.00 6.50 100,000
Class 3-B3 232,000.00 6.50 232,000
Class 3-B4 173,000.00 6.50 173,000
Class 3-B5 174,569.69 6.50 174,569
Class 3-R 100.00 6.50 100
- -------------------
(1) The Class 2-A13 Certificates are issued with an initial
Notional Principal Balance of $10,000,000.00.
(2) Each of the Class PO Certificates will be issued as a single
certificate evidencing the entire Class Certificate
Principal Balance of such Class.
(3) The Certificate Interest Rates of the Class 2-A3 and Class
2-A7 Certificates for each Interest Accrual Period shall be
determined as provided in Section 5.01(e).
(4) The Certificate Interest Rate for the Class 2-A9
Certificates will be 8.00% per annum on all Distribution
Dates to and including the Distribution Date in June 1999,
7.50% per annum on any Distribution Date from and including
July 1999 to and including the Distribution Date in June
2000, 7.00% per annum on any Distribution Date from and
including July 2000 to and including the Distribution Date
in June 2001, and 6.50% per annum on any Distribution Date
on or after July 2001.
(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 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 may evidence an additional amount equal to the
remainder of the Class Certificate Principal Balance (or Notional
Principal Balance) of such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
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imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class 2-A3 Certificates shall be
6.60625% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class 2-A3 Certificates
shall be a per annum rate equal to the lesser of (i) 0.95% plus
LIBOR and (ii) 8.50%, subject to a minimum rate of 0.95%. During
the first Interest Accrual Period, the Certificate Interest Rate
of the Class 2-A7 Certificates shall be 7.304464% per annum. For
each subsequent Interest Accrual Period, the Certificate Interest
Rate of the Class 2-A7 Certificates shall be a per annum rate
equal to the lesser of (i) 29.121429% minus the product of
3.857143 and LIBOR, and (ii) 29.121429%, subject to a minimum
rate of 0.00%.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York a
Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for
the registration of Certificates and of transfers and exchanges
of Certificates as herein provided. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
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 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
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reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or beneficial
interest in any portion of the Residual Certificates has been
transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold such Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to such
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of such Residual Certificate or
such agent (within 60 days of the request therefor by the
transferor or agent) such information necessary to the
application of section 860E(e) of the Code as may be required by
the Code, including but not limited to the present value of the
total anticipated excess inclusions with respect to such Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause the
related REMIC established hereunder to fail to qualify as a REMIC
at any time that the Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a (i) Class PO Certificate or (ii)
Restricted Junior Certificate to any person other than a QIB (as
certified by the proposed transferee in the form of assignment
attached to the related Certificate), either (x) the Trustee
shall require the transferee to execute an investment letter in
the form substantially as set forth in Exhibit I hereto or in
such other form as may be acceptable to the Trustee, certifying
as to the facts surrounding such transfer, or (y) in lieu of such
investment letter, the Trustee may accept a written Opinion of
Counsel (in form and substance acceptable to the Trustee) that
such proposed transfer may be made pursuant to an exemption from
the Act. As an additional 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
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(ii) the Trustee shall have received the above-referenced Opinion
of Counsel. The holder of any Restricted Certificate desiring to
effect the transfer thereof to a person other than a QIB shall,
and hereby agrees to, comply with any applicable conditions set
forth in the preceding two sentences and indemnify the Trustee
and the Company against any liability that may result if the
transfer thereof is not so exempt or is not made in accordance
with such federal and state laws. Such agreement to so indemnify
the Trustee and the Company shall survive the termination of this
Agreement. Notwithstanding the foregoing, no Opinion of Counsel
or investment letter shall be required upon the original issuance
of (i) the Restricted Junior Certificates to the Initial
Purchaser (as defined in the related Private Placement
Memorandum) or its nominee and (ii) the Class PO Certificates to
the Company or upon any subsequent transfer of any Class PO
Certificate by the Company, provided that if any Restricted
Junior Certificates are, at the request of the Initial Purchaser,
registered in the name of its nominee, the Initial Purchaser
shall be deemed to acknowledge and agree with the Company and the
Trustee that no transfer of a beneficial interest in such
Certificates will be made without registering such Certificates
in the name of the transferee, which shall be a Person other than
such nominee. Any opinion or letter required pursuant to this
paragraph shall not be at the expense of the related Trust Fund
or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
that is using the assets of a Plan to acquire such
ERISA-Restricted Certificate or (ii) is an insurance company
investing assets of its general account and the exemptions
provided by Section III(a) of Department of Labor Prohibited
Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12,
1995) (the "Exemptions") apply to the transferee's acquisition
and holding of any ERISA-Restricted Certificate or (B) an opinion
of counsel satisfactory to the Trustee and the Company to the
effect that the purchase and holding of such a Certificate will
not constitute or result in the assets of the related Trust Fund
being deemed to be "pla assets" subject to the prohibited
transactions provisions of ERISA or Section 4975 of the Code and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of an ERISA-Restricted
Certificate by a Plan or a Person that is purchasing or holding
such a Certificate with the assets of a Plan will not constitute
or result in a prohibited transaction under ERISA or Section 4975
of the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the related
Trust Fund, the Trustee or the Company. Notwithstanding the
foregoing, no opinion or certificate shall be required for the
initial issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the related Trust Fund, the Trustee or the Company.
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(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
form pursuant to Section 5.02(g) or any Restricted Junior
Certificate of any Class of Book-Entry Certificates that is
transferred to an entity other than a QIB, the Book-Entry
Certificates shall, subject to Section 5.02(f), at all times
remain registered in the name of the Depository or its nominee
and at all times: (i)registration thereof may not be transferred
by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate
Owners and with respect to ownership and transfers of such
Certificates; (iii) ownership and transfers of registration of
the Certificates issued in book-entry form on the books of the
Depository shall be governed by applicable rules established by
the Depository and the rights of Certificate Owners with respect
to Book-Entry Certificates shall be governed by applicable law
and agreements between such Certificate Owners and the
Depository, Depository Participants, and indirect participating
firms; (iv) the Depository may collect its usual and customary
fees, charges and expenses from its Depository Participants; (v)
the Trustee shall deal with the Depository, Depository
Participants and indirect participating firms as authorized
representatives of the Certificate Owners of the Certificates
issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the
rights of Holders under this Agreement, and requests and
directions for and votes of such representatives shall not be
deemed to be inconsistent if they are made with respect to
different Certificate Owners; (vi) the Trustee may rely and shall
be fully protected in relying upon information furnished by the
Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect
participating firms and persons shown on the books of such
indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to
certificates for the Book-Entry Certificates and (viii) the
Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
(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
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Company at its option advises the Trustee in writing that it
elects to terminate the book-entry system through the Depository
or (z) after the occurrence of an Event of Default for a
Certificate Group, Certificate Owners representing not less than
51% of the aggregate Voting Rights for such Certificate Group
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, the Trustee shall notify all Certificate Owners, through
the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Trustee of such
Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository (or to State Street Bank and Trust
Company acting as custodian for the Depository pursuant to the
Depository's procedures) one certificate for each Class of
Book-Entry Certificates registered in the name of the
Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment
is made to Cede & Co. or to such other entity as is requested by
an authorized representative of DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any 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
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governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
related Trust Fund, as if originally issued, whether or not the
lost, stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders' Names
and Addresses. The Certificate Registrar will furnish or cause to
be furnished to the Company, within 15 days after receipt by the
Certificate Registrar of request therefor from the Company in
writing, a list, in such form as the Company may reasonably
require, of the names and addresses of the Certificateholders as
of the most recent Record Date for payment of distributions to
Certificateholders. If three or more Certificateholders
(hereinafter referred to as "applicants") apply in writing to the
Trustee, and such application states that the applicants desire
to communicate with other Certificateholders of the related
Certificate Group with respect to their rights under this
Agreement or under the Certificates and is accompanied by a copy
of the communication which such applicants propose to transmit,
then the Trustee shall, within five Business Days after the
receipt of such application, afford such applicants access during
normal business hours to the most recent list of
Certificateholders of the related Certificate Group held by the
Trustee. If such list is as of a date more than 90 days prior to
the date of receipt of such applicants' request, the Trustee
shall promptly request from the Certificate Registrar a current
list as provided above, and shall afford such applicants access
to such list promptly upon receipt. Every Certificateholder, by
receiving and holding a Certificate, agrees with the Certificate
Registrar and the Trustee that neither the Certificate Registrar
nor the Trustee shall be held accountable by reason of the
disclosure of any such information as to the names and addresses
of the Certificateholders hereunder, regardless of the source
from which such information was derived.
Section 5.06. Representation of Certain
Certificateholders. The fiduciary of any Plan which becomes a
Holder of a Certificate, by virtue of its acceptance of such
Certificate, will be deemed to have represented and warranted to
the Trustee and the Company that such Plan is an "accredited
investor" as defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
Section 5.07. Determination of COFI. (a) If the outstanding
Certificates include any COFI Certificates, then on each COFI
Determination Date the Trustee shall determine the value of COFI
on the basis of the most recently available Information Bulletin
referred to in the definition of "COFI". The establishment of
COFI by the Trustee and the Trustee's subsequent calculation of
the rates of interest applicable to the COFI Certificates for
each Interest Accrual Period shall (in the absence of manifest
error) be final and binding. During each Interest Accrual
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Period, the Certificate Interest Rate for the COFI Certificates
for the current and immediately preceding Interest Accrual Period
shall be made available by the Trustee to Certificate Owners and
Certificateholders at the following telephone number: (617)
664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (1) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
alternative index or the calculation of the Certificate Interest
Rates for the COFI Certificates.
(c) If at any time after the occurrence of an
Alternative Rate Event the Federal Home Loan Bank of San
Francisco resumes publication of COFI, the Certificate Interest
Rates for the COFI Certificates for each Interest Accrual Period
commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
for the related Interest Accrual Period as such rate equal to the
Interest Settlement Rate. If such rate does not appear on the
Designated Telerate Page as of 11:00 a.m., London time, on the
applicable LIBOR Determination Date:
(i) The Trustee will request the principal London
office of each Reference Bank (as defined in Section
5.08(e)) to provide such bank's offered quotation (expressed
as a percentage per annum) to prime banks in the London
interbank market for one-month U.S. Dollar deposits as of
11:00 a.m., London time, on the applicable LIBOR
Determination Date.
(ii) If on any LIBOR Determination Date, two or more of
the Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the arithmetic
mean of such offered quotations (rounding such arithmetic
mean upwards, if necessary, to the nearest whole multiple of
1/16%). If on any LIBOR Determination Date only one or none
of the Reference Banks provide such offered quotations,
LIBOR for the next Interest Accrual Period will be the rate
per
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annum the Trustee determines to be the arithmetic mean
(rounding such arithmetic mean upwards, if necessary, to the
nearest whole multiple of 1/16%) of the one-month Eurodollar
lending rate that three major banks in New York City
selected by the Trustee are quoting as of approximately
11:00 a.m., New York City time, on the first day of the
applicable Interest Accrual Period.
(iii) If on any LIBOR Determination Date (or, if
applicable pursuant to clause (a)(ii) above, the first day
of the applicable Interest Accrual Period) the Trustee is
required but unable to determine LIBOR in the manner
provided in subparagraph (ii) of this section 5.08(a), LIBOR
for the next Interest Accrual Period will be LIBOR as
determined on the previous LIBOR Determination Date (or, if
applicable pursuant to clause (a)(ii) above, the first day
of the applicable Interest Accrual Period), or, in the case
of the first LIBOR Determination Date, the Initial LIBOR
Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding.
(c) Within five Business Days of the Trustee's
calculation of the Certificate Interest Rates of the LIBOR
Certificates, the Trustee shall furnish to the Company by
telecopy (or by such other means as the Trustee and the Company
may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders who
inquire of it by telephone the Certificate Interest Rates of the
LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the display designated "LIBO" on the
Reuters Monitor Money Rates Service (the "Reuters Screen LIBO
Page") on the applicable LIBOR Determination Date and (iii) which
have been designated as such by the Trustee and are able and
willing to provide such quotations to the Trustee on each LIBOR
Determination Date. The Reference Banks initially shall be:
Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust
Company and Bankers Trust Company. If any of the initial
Reference Banks should be removed from the Reuters Screen LIBO
Page or in any other way fail to meet the qualifications of a
Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best
efforts to designate alternate Reference Banks.
ARTICLE VI.
THE COMPANY
Section 6.01. Liability of the Company. The Company
shall be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
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Section 6.02. Merger or Consolidation of, or Assumption of
the Obligations of, the Company. Any corporation into which the
Company may be merged or consolidated, or any corporation
resulting from any merger, conversion or consolidation to which
the Company shall be a party, or any corporation succeeding to
the business of the Company, or any corporation, more than 50% of
the voting stock of which is, directly or indirectly, owned by
General Electric Company, or any limited partnership, the sole
general partner of which is either the Company or a corporation,
more than 50% of the voting stock of which is owned, directly or
indirectly, by General Electric Company, which executes an
agreement of assumption to perform every obligation of the
Company hereunder, shall be the successor of the Company
hereunder, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its rights
and delegate its duties and obligations as servicer under this
Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company and
Others. Neither the Company nor any of the directors or officers
or employees or agents of the Company shall be under any
liability to any Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
officer or employee or agent of the Company shall be indemnified
by the related Trust Fund and held harmless against any loss,
liability or expense incurred in connection with any legal action
relating to this Agreement or the Certificates, other than any
loss, liability or expense related to any specific Mortgage Loan
or Mortgage Loans (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
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duties of the parties hereto and the interests of the
Certificateholders hereunder. In such event, the legal expenses
and costs of such action and any liability resulting therefrom
shall be expenses, costs and liabilities of the related Trust
Fund and the Company shall be entitled to be reimbursed therefor
from amounts credited to the applicable Mortgage Loan Payment
Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to the
provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII.
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) With respect to a Certificate Group, any failure by
the Company to make any payment to the Trustee of funds
pursuant to Section 3.02(d) out of which distributions to
Certificateholders of any Class of such Certificate Group
are required to be made under the terms of the Certificates
and this Agreement which failure continues unremedied for a
period of three Business Days (such period, the "Cure
Period") after the date upon which written notice of such
failure shall have been given to the Company by the Trustee
or to the Company and the Trustee by Holders of Certificates
of each Class affected thereby evidencing, as to each such
Class, Percentage Interests aggregating not less than 25%;
provided, however, that in the event that (A) a Monthly
Advance is due in respect of more than one Mortgage Pool on
any Distribution Date, (B) the Company fails to make each
such Monthly Advance on such Distribution Date and (C) the
Company transfers to the Trustee during the Cure Period an
amount in respect of any or all of such Monthly Advances
which is less than the sum of such Monthly Advances, the
Trustee shall allocate such amount pro rata in respect of
each Monthly Advance and such failure to make such Monthly
Advances shall be deemed to continue with respect to each
Mortgage Pool as to which Monthly Advances were due and
shall be subject to the original Cure Period with respect
thereto; or
(ii) With respect to a Certificate Group, failure on
the part of the Company duly to observe or perform in any
material respect any other covenants or agreements of the
Company with respect to such Certificate Group set forth in
the Certificates or in this Agreement, which covenants and
agreements (A) materially affect the rights of
Certificateholders and (B) continue unremedied for a period
of 60 days after the date on which written notice of such
failure, requiring the same to be remedied, shall have been
given to the Company by the Trustee, or to the Company
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and the Trustee by the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar proceedings
of or relating to the Company, or for the winding up or
liquidation of the Company's affairs, and the continuance of
any such decree or order unstayed and in effect for a period
of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its
obligations;
then, and in each and every such case, so long as an Event of
Default for a Certificate Group shall not have been remedied by
the Company, either the Trustee, or the Holders of Certificates
of each Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 51%, by notice
then given in writing to the Company (and to the Trustee if given
by the Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement with
respect to the related Mortgage Pool. On or after the receipt by
the Company of such written notice, all authority and power of
the Company under this Agreement with respect to the related
Mortgage Pool, whether with respect to the related Certificates
or the related Mortgage Loans or otherwise, shall pass to and be
vested in the Trustee pursuant to and under this Section 7.01;
and, without limitation, the Trustee is hereby authorized and
empowered to execute and deliver, on behalf of the Company, as
attorney-in-fact or otherwise, any and all documents and other
instruments, and to do or accomplish all other acts or things
necessary or appropriate to effect the purposes of such notice of
termination, whether to complete the transfer and endorsement of
the Mortgage Loans and related documents, or otherwise,
including, without limitation, the recordation of the assignments
of the Mortgage Loans to it. The Company agrees to cooperate with
the Trustee in effecting the termination of the responsibilities
and rights of the Company hereunder in respect of the related
Mortgage Pool, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company in respect of the
related Mortgage Pool and that have been or should have been
credited by it to the applicable Mortgage Loan Payment Record, or
that have been deposited by the Company in the related
Certificate Account or are thereafter received by the Company
with respect to the related Mortgage Loans. In addition to any
other amounts which are then, or, notwithstanding the termination
of its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan in respect of the related Mortgage Pool, due during
the period prior to the notice pursuant to this Section 7.01
which terminates the obligation and rights of the Company
hereunder and received
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after such notice, that portion of such payment which it would
have been entitled to retain pursuant to Section 3.04(vi) if such
notice had not been given.
Section 7.02. Trustee to Act; Appointment of Successor. (a)
On and after the time the Company receives a notice of
termination pursuant to Section 7.01, the Trustee shall be the
successor in all respects to the Company in its capacity as
servicer under this Agreement in respect of the related Mortgage
Pool and the transactions set forth or provided for herein and
shall succeed to all the rights of and be subject to all the
responsibilities, duties and liabilities relating thereto placed
on the Company in its capacity as servicer by the terms and
provisions hereof; provided, however, that the responsibilities
and duties of the Company pursuant to Sections 2.02 and 2.03(a)
and, if the Trustee is prohibited by law or regulation from
making Monthly Advances, the responsibility to make Monthly
Advances pursuant to Section 4.04, shall not be the
responsibilities, duties or obligations of the Trustee; and
provided further, that any failure of the Trustee to perform such
duties and responsibilities that is caused by the Company's
failure to cooperate with the Trustee as required by Section 7.01
shall not be considered a default by the Trustee hereunder. As
compensation therefor, the Trustee shall, except as provided in
Section 7.01, be entitled to such compensation as the Company
would have been entitled to hereunder if no such notice of
termination had been given. Notwithstanding the above, the
Trustee may, if it shall be unwilling so to act, or shall, if it
is legally unable so to act, appoint, or petition a court of
competent jurisdiction to appoint, any established housing and
home finance institution approved to service mortgage loans for
either FNMA or FHLMC, having a net worth of not less than
$10,000,000, as the successor to the Company hereunder in the
assumption of all or any part of the responsibilities, duties or
liabilities of the Company hereunder with respect to the related
Mortgage Pool. Pending appointment of a successor to the Company
pursuant to this Article VII, unless the Trustee is prohibited by
law from so acting, the Trustee shall act in such capacity as
hereinabove provided. In connection with such appointment and
assumption, the Trustee may make such arrangements for the
compensation of such successor out of payments on the related
Mortgage Loans as it and such successor shall agree; provided,
however, that no such compensation shall be in excess of that
permitted the Company hereunder. The Trustee and such successor
shall take such action, consistent with this Agreement, as shall
be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the
Company as servicer pursuant to this Article VII shall during the
term of its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon
any termination or appointment of a successor to the Company
pursuant to this Article VII, the Trustee shall give prompt
written notice thereof to the related Certificateholders at their
respective addresses appearing in the Certificate Register.
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ARTICLE VIII.
THE TRUSTEE
Section 8.01. Duties of Trustee. State Street Bank and Trust
Company is hereby appointed Trustee for each Trust Fund and,
prior to the occurrence of an Event of Default for a Certificate
Group and after the curing of all such Events of Default which
may have occurred, undertakes to perform such duties and only
such duties as are specifically set forth in this Agreement. If
an Event of Default for a Certificate Group has occurred (which
has not been cured), the Trustee shall, with respect to the
related Trust Fund, exercise such of the rights and powers vested
in it by this Agreement, and use the same degree of care and
skill in their exercise, as a prudent person would exercise or
use under the circumstances in the conduct of his or her own
affairs.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default for
a Certificate Group, and after the curing of all such Events
of Default which may have occurred, the duties and
obligations of the Trustee shall be determined solely by the
express provisions of this Agreement, the Trustee shall not
be liable except for the performance of such duties and
obligations as are specifically set forth in this Agreement,
no implied covenants or obligations shall be read into this
Agreement against the Trustee and, in the absence of bad
faith on the part of the Trustee, the Trustee may
conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon any
certificates or opinions furnished to the Trustee and
conforming to the requirements of this Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in accordance
with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be taken
by it in good faith in accordance with the direction of the
Holders of Certificates of each Class affected thereby
evidencing, 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
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(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company to
record the assignments of Mortgages referred to in Section
2.01 unless a Responsible Officer of the Trustee at the
Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, certificate of auditors
or any other certificate, statement, instrument, opinion,
report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered or
omitted by it hereunder in good faith and in accordance with
such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any litigation
hereunder or in relation hereto, at the request, order or
direction of any of the Certificateholders, pursuant to the
provisions of this Agreement, unless such Certificateholders
shall have offered to the Trustee reasonable security or
indemnity against the costs, expenses and liabilities which
may be incurred therein or thereby; nothing contained herein
shall, however, relieve the Trustee of the obligations, upon
the occurrence of an Event of Default (which has not been
cured), to exercise such of the rights and powers vested in
it by this Agreement, and to use the same degree of care and
skill in their exercise as a prudent person would exercise
or use under the circumstances in the conduct of his or her
own affairs;
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(iv) The Trustee shall not be personally liable for any
action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Agreement;
(v) Prior to the occurrence of an Event of Default for
a Certificate Group and after the curing of all Events of
Default which may have occurred, the Trustee shall not be
bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent,
order, approval, bond or other paper or documents, unless
requested in writing so to do by Holders of Certificates of
each Class affected thereby evidencing, as to each such
Class, Percentage Interests aggregating not less than 25%;
provided, however, that if the payment within a reasonable
time to the Trustee of the costs, expenses or liabilities
likely to be incurred by it in the making of such
investigation is, in the opinion of the Trustee, not
reasonably assured to the Trustee by the security afforded
to it by the terms of this Agreement, the Trustee may
require reasonable indemnity against such cost, expense or
liability as a condition to such proceeding. The reasonable
expense of every such investigation shall be paid by the
Company or, if paid by the Trustee, shall be reimbursed by
the Company upon demand. Nothing in this clause (v) shall
derogate from the obligation of the Company to observe any
applicable law prohibiting disclosure of information
regarding the Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from a Certificate
Account by the Company.
Section 8.04. Trustee May Own Certificates. The Trustee
in its individual or any other capacity may become the owner or
pledgee of Certificates with the same rights as it would have if
it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by it in the execution
of the trusts hereby created and in the exercise and performance
of any of the powers and duties hereunder of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the
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Trustee not previously reimbursed thereto pursuant to Section
3.04) incurred or made by the Trustee in accordance with any of
the provisions of this Agreement (including the reasonable
compensation and the expenses and disbursements of its counsel
and of all persons not regularly in its employ) except any such
expense, disbursement or advance as may arise from its negligence
or bad faith or which is the responsibility of Certificateholders
hereunder. In addition, the Company covenants and agrees to
indemnify the Trustee from, and hold it harmless against, any and
all losses, liabilities, damages, claims or expenses other than
those resulting from the negligence or bad faith of the Trustee.
From time to time, the Trustee may request that the Company debit
each Mortgage Loan Payment Record pursuant to Section 3.04 to
reimburse the Trustee for any related Monthly Advances and
Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee. The
Trustee hereunder shall at all times be a corporation having its
principal office either in the State of New York or in the same
state as that in which the initial Trustee under this Agreement
has its principal office and organized and doing business under
the laws of such State or the United States of America,
authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state
authority. If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for the
purposes of this Section 8.06, the combined capital and surplus
of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition
so published. The Trustee shall not be an affiliate of the
Company. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 8.06,
the Trustee shall resign immediately in the manner and with the
effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The Trustee
may at any time resign and be discharged from the trusts hereby
created with respect to one or more Certificate Groups by giving
written notice thereof to the Company. Upon receiving such notice
of resignation, the Company shall promptly appoint a successor
Trustee by written instrument, in duplicate, one copy of which
instrument shall be delivered to the resigning Trustee and one
copy to the successor Trustee. If no successor Trustee shall have
been so appointed and having accepted appointment within 30 days
after the giving of such notice of resignation, the resigning
Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall
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have been provided to the Trustee, which notice shall set forth
the basis for any rating downgrade as contemplated by the Rating
Agencies and shall also indicate the manner in which such
proposed action is intended to avoid such downgrade. If it
removes the Trustee under the authority of the immediately
preceding sentence, the Company shall promptly appoint a
successor trustee by written instrument, in duplicate, one copy
of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of the
related Certificates at their addresses as shown in the
Certificate Register. If the Company fails to mail such notice
within 10 days after acceptance of appointment by the successor
Trustee, the successor Trustee shall cause such notice to be
mailed at the expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any
time, for the purpose of meeting any legal requirements of any
jurisdiction in which any part of any 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
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related Trust Fund, or separate trustee or separate trustees of
any part of such Trust Fund, and to vest in such Person or
Persons, in such capacity and for the benefit of the
Certificateholders, such title to such Trust Fund, or any part
thereof, and, subject to the other provisions of this Section
8.10, such powers, duties, obligations, rights and trusts as the
Company and the Trustee may consider necessary or desirable. If
the Company shall not have joined in such appointment within 15
days after the receipt by it of a request so to do, or in case an
Event of Default shall have occurred and be continuing, the
Trustee alone shall have the power to make such appointment. No
co-trustee or separate trustee hereunder shall be required to
meet the terms of eligibility as a successor trustee under
Section 8.06 and no notice to Certificateholders of the
appointment of any co-trustee or separate trustee shall be
required under Section 8.08.
Every separate trustee and co-trustee shall, to the
extent permitted by law, be appointed and act subject to the
following provisions and conditions:
(i) All rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to
the Company hereunder), the Trustee shall be incompetent or
unqualified to perform such act or acts, in which event such
rights, powers, duties and obligations (including the
holding of title to the relevant Trust Fund or any portion
thereof in any such jurisdiction) shall be exercised and
performed singly by such separate trustee or co-trustee, but
solely at the direction of the Trustee;
(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other trustee
hereunder; and
(iii) The Company and the Trustee acting jointly may at
any time accept the resignation of or remove any separate
trustee or co-trustee.
Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then
separate trustees and co-trustees, as effectively as if given to
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of
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its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax Returns.
The Trustee shall at all times act in such a manner in the
performance of its duties hereunder as shall be necessary to
prevent the Pool 1 Trust Fund, in the case of Pool 1, each of the
Upper Tier REMIC and Lower Tier REMIC, in the case of Pool 2, and
the Pool 3 Trust Fund, in the case of Pool 3, from failing to
qualify as a REMIC and to prevent the imposition of a tax on any
Trust Fund or the related REMICs established hereunder. The
Trustee, upon request, will furnish the Company with all such
information within its possession as may be reasonably required
in connection with the preparation of all tax returns of each
Trust Fund and the Class 2-A9 Interest Account, and shall, upon
request, execute such returns.
ARTICLE IX.
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans. Subject to Section 9.02, the
respective obligations and responsibilities of the Company and
the Trustee created hereby with respect to a Trust Fund (other
than the obligation of the Trustee to make certain payments to
the related Certificateholders after the final Distribution Date
and the obligation of the Trustee to send certain notices as
hereinafter set forth) shall terminate upon the last action
required to be taken by the Trustee on the final Distribution
Date pursuant to this Article IX following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all REO
Mortgage Loans remaining in such Trust Fund at a price equal to
the sum of (x) 100% of the unpaid principal balance of each
Mortgage Loan included therein (other than any REO Mortgage Loans
described in the following clause) plus accrued and unpaid
interest thereon at the applicable Remittance Rate (less any
amounts constituting related previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase
price is to be distributed to Certificateholders and (y) the
appraised value of any REO Mortgage Loan included therein (less
the good faith estimate of the Company of Liquidation Expenses to
be incurred in connection with its disposal thereof), such
appraisal to be conducted by an appraiser mutually agreed upon by
the Company and the Trustee, and (b) the later of the final
payment or other liquidation (or any Monthly Advance with respect
thereto) of the last Mortgage Loan remaining in such Trust Fund
or the disposition of all property acquired upon foreclosure or
by deed in lieu of foreclosure of any Mortgage Loan; provided,
however, that in no event shall a Trust Fund created hereby
continue beyond the expiration of 21 years from the death of the
last survivor of the descendants of Joseph P. Kennedy, the late
ambassador of the United States of America to the Court of St.
James's, living on the date of this Agreement. The right of the
Company to repurchase all Mortgage Loans in a Trust Fund pursuant
to clause (a) above shall be conditioned upon the aggregate of
the Scheduled Principal Balance of the Outstanding Mortgage Loans
included therein, at the time of any such repurchase, aggregating
less than 10 percent of the aggregate of the Scheduled Principal
Balance of such Mortgage Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final
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distribution and cancellation, shall be given promptly by the
Trustee by letter to Certificateholders mailed not earlier than
the 15th day and not later than the 25th day of the month next
preceding the month of such final distribution specifying (A) the
Distribution Date upon which final payment of the Certificates
will be made upon presentation and surrender of the Certificates
at the office of the Trustee therein designated, (B) the amount
of any such final payment and (C) that the Record Date otherwise
applicable to such Distribution Date is not applicable, payments
being made only upon presentation and surrender of the
Certificates at the office of the Trustee therein specified. The
Trustee shall give such notice to the Certificate Registrar at
the time such notice is given to Certificateholders. In the event
such notice is given in connection with the exercise by the
Company of its right of repurchase, the Company shall deposit in
the related Certificate Account not later than 11:00 a.m. on the
Business Day prior to the final Distribution Date in next-day
funds an amount equal to the price described above. Upon
presentation and surrender of the Certificates, the Trustee shall
cause to be distributed to Certificateholders an amount equal to
the price calculated as above provided, any such repurchase being
in lieu of the distribution otherwise required to be made on the
Distribution Date upon which the repurchase is effected. Upon
certification to the Trustee by a Servicing Officer following
such final deposit, the Trustee shall promptly release to the
Company the Mortgage Files for the repurchased Mortgage Loans.
On the final Distribution Date for a Certificate Group,
the Trustee shall distribute amounts on deposit in the related
Certificate Account in accordance with the applicable priorities
provided by Section 4.01. Distributions on each related
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 of the
relevant Certificate Group shall not surrender their Certificates
for cancellation within six months after the date specified in
the above-mentioned written notice, the Trustee shall give a
second written notice to the remaining Certificateholders to
surrender their Certificates for cancellation and receive the
final distribution with respect thereto. If within one year after
the second notice all the Certificates shall not have been
surrendered for cancellation, the Trustee may take appropriate
steps, or may appoint an agent to take appropriate steps, to
contact the remaining Certificateholders concerning surrender of
their Certificates, and the cost thereof shall be paid out of the
funds and other assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a) In
the event the Company exercises its purchase option as provided
in Section 9.01, the relevant Trust Fund and the related REMICs
established hereunder shall be terminated in accordance with the
following additional requirements, unless the Trustee has been
supplied with an Opinion of Counsel to the effect that the
failure to comply with the requirements of this Section 9.02 will
not (i) result in the imposition of taxes on "prohibited
transactions" of any such REMIC as defined in section 860F of the
Code, or (ii) cause the Pool 1 Trust Fund, in the case of Pool 1,
the Upper Tier REMIC or Lower Tier REMIC, in the case of Pool 2,
or the Pool 3 Trust Fund, in the case of Pool 3, 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
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Trustee shall execute and adopt a plan of complete
liquidation for such REMIC or REMICs within the meaning of
section 860F(a)(4)(A)(i) of the Code, which shall be
evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the related Trust Fund to the Company for
cash in accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for the
related REMIC established hereunder, the Trustee will attach a
statement specifying the date of the adoption of the plan of
liquidation.
ARTICLE X.
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be amended from
time to time by the Company and the Trustee, without the consent
of any of the Certificateholders, to cure any ambiguity, to
correct or supplement any provisions herein or therein which may
be defective or inconsistent with any other provisions herein, or
to surrender any right or power herein conferred upon the Company
or to add any other provisions with respect to matters or
questions arising under this Agreement, which shall not be
materially inconsistent with the provisions of this Agreement;
provided, however, that such action shall not, as evidenced by an
Opinion of Counsel, adversely affect in any material respect the
interests of any Certificateholder. Notwithstanding the
foregoing, without the consent of the Certificateholders, the
Trustee and the Company may at any time and from time to time
amend this Agreement to modify, eliminate or add to any of its
provisions to such extent as shall be necessary or appropriate to
maintain the qualification of the Pool 1 Trust Fund, in the case
of Pool 1, each of the Upper Tier REMIC or Lower Tier REMIC, in
the case of Pool 2, or the Pool 3 Trust Fund, in the case of Pool
3, as a REMIC under the Code or to avoid or minimize the risk of
the imposition of any tax on either Trust Fund pursuant to the
Code that would be a claim against such Trust Fund at any time
prior to the final redemption of the Certificates, provided that
the Trustee has obtained an opinion of independent counsel (which
opinion also shall be addressed to the Company) to the effect
that such action is necessary or appropriate to maintain such
qualification or to avoid or minimize the risk of the imposition
of such a tax.
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates of the related Certificate Group
or (ii) Percentage Interests aggregating not less than 66% of
each Class affected by such amendment, for the purpose of adding
any provisions to or changing in any manner or eliminating any of
the provisions of this Agreement, or of modifying in any manner
the rights of the Holders of Certificates; provided, however,
that no such amendment shall (a) reduce in any manner the amount
of, or delay the
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timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject either
Trust Fund to tax or cause the Pool 1 Trust Fund, in the case of
Pool 1, either of the Upper Tier REMIC or Lower Tier REMIC, in
the case of Pool 2, or the Pool 3 Trust Fund, in the case of Pool
3, to fail to qualify as a REMIC at any time that any
Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This Agreement is
subject to recordation in all appropriate public offices for real
property records in all the counties or other comparable
jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public
recording office or elsewhere, such recordation to be effected by
the Company and at its expense on direction by the Trustee, but
only upon direction of the Trustee accompanied by an Opinion of
Counsel to the effect that such recordation materially and
beneficially affects the interests of Certificateholders.
For the purpose of facilitating the recordation of
this Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
Section 10.03. Limitation on Rights of Certificateholders.
The death or incapacity of any Certificateholder shall not
operate to terminate this Agreement or the related Trust Fund,
nor entitle such Certificateholder's legal representatives or
heirs to claim an accounting or to take any action or commence
any proceeding in any court for a partition or winding up of the
related Trust Fund, nor otherwise affect the rights, obligations
and liabilities of the parties hereto or any of them.
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No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the related Trust Fund,
or the obligations of the parties hereto, nor shall anything
herein set forth, or contained in the terms of the Certificates,
be construed so as to constitute the Certificateholders from time
to time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
herein provided and for the equal, ratable and common benefit of
all Certificateholders in respect of the related Certificate
Group. It is further understood and intended, and each
Certificateholder expressly covenants with every other
Certificateholder and the Trustee, that no Holder of a
Certificate of one Certificate Group shall have any right to
institute or join in any suit, action or proceeding in equity or
at law upon or under or with respect to this Agreement or
otherwise to affect, disturb or prejudice the rights of the
Holders of Certificates of the other Certificate Group or to
assert a claim against the Trust Fund established in respect of
such other Certificate Group. For the protection and enforcement
of the provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
IBCA, Inc., One State Street Plaza, New York, New York 10004,
Attention: Structured Finance
125
<PAGE>
Surveillance, and (d) in the case of S&P, to Standard & Poor's
Ratings Services, 26 Broadway, 15th Floor, New York, New York
10004, Attention: Mortgage Surveillance Group, or, as to each
such Person, at such other address as shall be designated by such
Person in a written notice to each other named Person. Any notice
required or permitted to be mailed to a Certificateholder shall
be given by first class mail, postage prepaid, at the address of
such Holder as shown in the Certificate Register. Any notice so
mailed within the time prescribed in this Agreement shall be
conclusively presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 10.06. Notices to the Rating Agencies. The Company
shall deliver written notice of the following events to each
Rating Agency promptly following the occurrence thereof: material
amendment to this Agreement; any Event of Default; any Trigger
Event; change in or termination of the Trustee; removal of the
Company or any successor servicer as servicer; repurchase or
replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
Section 10.07. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully Paid. It
is the intention of the Trustee that Certificateholders shall not
be personally liable for obligations of the related Trust Fund,
that the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the related Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
* * *
126
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of 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 Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the ____ day of June, 1998 before me, a notary
public in and for the Commonwealth of Massachusetts, personally
appeared ____________________, known to me who, being by me duly
sworn, did depose and say that he/she resides at
___________________ __________________________; that he/she is
a(n) __________________________________ of State Street Bank and
Trust Company, one of the parties that executed the foregoing
instrument; that he/she knows the seal of said Bank; that the
seal affixed to said instrument is such corporate seal; that it
was so affixed by order of the Board of Directors of said Bank;
and that he/she signed his/her name thereto by order of the Board
of Directors of said Bank.
________________________
Notary Public
[Notarial Seal]
<PAGE>
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A1 Certificate
Principal Balance:
Class 1-A1 $191,300,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJC0
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 1-A1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
3
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 2 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 1 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 1 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
4
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
5
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 1-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 1-R or Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 1
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
6
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
7
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:______________________
8
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 1 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
___________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
9
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
10
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A2 Certificate
Principal Balance:
Class 1-A2 $49,680,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJD8
July 27, 1998
11
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
12
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
13
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A3 Certificate
Principal Balance:
Class 1-A3 $4,860,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJE6
July 27, 1998
14
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
15
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
16
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A4 Certificate
Principal Balance:
Class 1-A4 $3,980,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJF3
July 27, 1998
17
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
18
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
19
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A5 Certificate
Principal Balance:
Class 1-A5 $3,980,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJG1
July 27, 1998
20
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
21
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
22
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A6 Certificate
Principal Balance:
Class 1-A6 $3,980,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJH9
July 27, 1998
23
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A6 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
24
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
25
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A7 Certificate
Principal Balance:
Class 1-A7 $16,800,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJJ5
July 27, 1998
26
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A7 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
27
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
28
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R-1 Initial Class 1-A8 Certificate
Principal Balance:
Class 1-A8 $41,524,119
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$41,524,119
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJK2
July 27, 1998
29
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A8 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
30
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A9 Certificate
Principal Balance:
Class 1-A9 $3,275,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJL0
July 27, 1998
32
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A9 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
33
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A10 Certificate
Principal Balance:
Class 1-A10 $9,920,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJM8
July 27, 1998
35
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A10 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
36
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
37
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A11 Certificate
Principal Balance:
Class 1-A11 $51,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJN6
July 27, 1998
38
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A11 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
39
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
40
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A12 Certificate
Principal Balance:
Class 1-A12 $35,200,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJP1
July 27, 1998
41
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A12 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
42
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
43
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A13 Certificate
Principal Balance:
Class 1-A13 $14,900,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJQ9
July 27, 1998
44
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A13 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
45
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
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.
46
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A14 Certificate
Principal Balance:
Class 1-A14 $79,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJR7
July 27, 1998
47
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A14 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
48
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE 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.
49
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A15 Certificate
Principal Balance:
Class 1-A15 $45,620,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJS5
July 27, 1998
50
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A15 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
51
<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.
52
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A16 Certificate
Principal Balance:
Class 1-A16 $19,850,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJT3
July 27, 1998
53
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A16 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
54
<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.
55
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A17 Certificate
Principal Balance:
Class 1-A17 $720,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJU0
July 27, 1998
56
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A17 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
57
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-
ENTRY NOMINEES.
THE HOLDER OF THIS CLASS 1-R CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS
PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F
OF THE CODE, WITH RESPECT TO THE POOL 1 TRUST FUND.
58
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-R Certificate
Principal Balance:
Class 1-R $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJY2
July 27, 1998
59
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-R Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
60
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 2 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 1 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 1 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
61
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
62
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 1-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 1-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 1
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
63
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
64
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By_____________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_________________
65
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective Trust
Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:___________________________
_____________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
66
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
67
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-PO Certificate
Principal Balance:
Class 1-PO $422,779.60
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
June 1, 1998
First Distribution Date:
July 27, 1998
68
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-PO Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
69
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the 1 Trust Fund (herein called the "Pool 1
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 2 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 1 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 1 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
70
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
71
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 1-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 1-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 1
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
72
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
73
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
74
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective Trust
Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:____________________
_____________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
75
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
76
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-M Certificate
Principal Balance:
Class 1-M $9,579,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJV8
July 27, 1998
77
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-M Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
78
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 2 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 1 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 1 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
79
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
80
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 1-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 1-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 1
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
81
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
82
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
83
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective Trust
Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:______________________
_____________________________________
Signature by or on behalf of assignor
___________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
84
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
85
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B1 Certificate
Principal Balance:
Class 1-B1 $4,143,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJW6
July 27, 1998
86
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
87
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
88
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B2 Certificate
Principal Balance:
Class 1-B2 $2,330,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJX4
July 27, 1998
89
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
90
<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.
91
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B3 Certificate
Principal Balance:
Class 1-B3 $2,071,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RLG8
July 27, 1998
92
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
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upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 2 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3.
The Pool 1 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 1 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
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The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
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<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 1-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 1-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 1
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
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<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
97
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
98
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective Trust
Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:______________________
_____________________________________
Signature by or on behalf of assignor
___________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
99
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
____________________________ _______________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has
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<PAGE>
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)
101
<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.
102
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B4 Certificate
Principal Balance:
Class 1-B4 $1,036,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RLH6
July 27, 1998
103
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
104
<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.
105
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B5 Certificate
Principal Balance:
Class 1-B5 $1,553,574.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RLJ2
July 27, 1998
106
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
trustee, in its capacity as trustee of the Pool 1 Trust Fund,
together with any successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
107
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
108
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A1 Certificate
Principal Balance:
Class 2-A1 $23,177,880
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RJZ9
July 27, 1998
109
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
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<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 1 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the "Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
111
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
112
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 2-R or Class 2-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class 2-R or Class 2-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 2-R or Class 2-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 2
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
113
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
114
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_____________________
115
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:____________________
_____________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
116
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A2 Certificate
Principal Balance:
Class 2-A2 $7,474,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKA2
July 27, 1998
118
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
119
<PAGE>
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.
120
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A3 Certificate
Principal Balance:
Class 2-A3 $11,633,823
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKB0
July 27, 1998
121
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
122
<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.
123
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A4 Certificate
Principal Balance:
Class 2-A4 $24,904,832
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKC8
July 27, 1998
124
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
125
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE 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.
126
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A5 Certificate
Principal Balance:
Class 2-A5 $24,125,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKD6
July 27, 1998
127
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
128
<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.
129
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A6 Certificate
Principal Balance:
Class 2-A6 $10,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKE4
July 27, 1998
130
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A6 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
131
<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.
132
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A7 Certificate
Principal Balance:
Class 2-A7 $3,016,177
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKF1
July 27, 1998
133
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A7 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
134
<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.
135
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A8 Certificate
Principal Balance:
Class 2-A8 $1,750,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKG9
July 27, 1998
136
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A8 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
137
<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.
138
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A9 Certificate
Principal Balance:
Class 2-A9 $1,750,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKH7
July 27, 1998
139
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A9 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
140
<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.
141
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A10 Certificate
Principal Balance:
Class 2-A10 $73,700,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKJ3
July 27, 1998
142
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A10 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
143
<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.
144
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A11 Certificate
Principal Balance:
Class 2-A11 $44,500,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKK0
July 27, 1998
145
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A11 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
146
<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.
147
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A12 Certificate
Principal Balance:
Class 2-A12 $5,375,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKL8
July 27, 1998
148
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A12 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
149
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE NOTIONAL PRINCIPAL BALANCE HEREOF, WHICH IS EQUAL TO THE
CLASS CERTIFICATE PRINCIPAL BALANCES OF OTHER CLASSES OF
CERTIFICATES. ACCORDINGLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE
CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED
HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
150
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Notional
Principal Balance:
Class 2-A13 $10,000,000
Certificate Interest Initial Notional Principal
per annum: 0.25% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKM6
July 27, 1998
151
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A13 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
152
<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.
153
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A14 Certificate
Principal Balance:
Class 2-A14 $2,491,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKN4
July 27, 1998
154
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A14 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
155
<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.
156
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A15 Certificate
Principal Balance:
Class 2-A15 $2,491,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKP9
July 27, 1998
157
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A15 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
158
<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.
159
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A16 Certificate
Principal Balance:
Class 2-A16 $2,492,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKQ7
July 27, 1998
160
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A16 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
161
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS 2-R CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS UPPER-TIER 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 POOL
2 TRUST FUND.
162
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-R Certificate
Principal Balance:
Class 2-R $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RKU8
July 27, 1998
163
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-R Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
164
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 1 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the "Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
165
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
166
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 2-R or Class 2-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class 2-R or Class 2-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 2-R or Class 2-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 2
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
167
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
168
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
___________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
170
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS 2-RL CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS UPPER-TIER 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 POOL
2 TRUST FUND.
171
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-RL Certificate
Principal Balance:
Class 2-RL $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RKV6
July 27, 1998
172
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-RL Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
173
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
174
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-PO Certificate
Principal Balance:
Class 2-PO $205,476.68
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
June 1, 1998
First Distribution Date:
July 27, 1998
175
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-PO Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
176
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 2 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the "Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
177
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
178
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 2-R or Class 2-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class 2-R or Class 2-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 2-R or Class 2-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 2
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
179
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
180
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
181
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective Trust
Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:__________________
_____________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
182
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
183
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-M Certificate
Principal Balance:
Class 2-M $4,607,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RKR5
July 27, 1998
184
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-M Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
185
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-five of which represent the entire
beneficial interest in the Pool 1 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the "Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
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The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
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constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 2-R or Class 2-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class 2-R or Class 2-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 2-R or Class 2-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 2
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
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Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
189
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
190
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:____________________
_____________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
191
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
192
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B1 Certificate
Principal Balance:
Class 2-B1 $1,992,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RKS3
July 27, 1998
193
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
194
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
195
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B2 Certificate
Principal Balance:
Class 2-B2 $1,121,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RKT1
July 27, 1998
196
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
197
<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.
198
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B3 Certificate
Principal Balance:
Class 2-B3 $996,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RLK9
July 27, 1998
199
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
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<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes,
twenty-five classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"),twenty-five of which represent the entire
beneficial interest in the Pool 1 Trust Fund and nine of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the "Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
201
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
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<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 2-R or Class 2-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class 2-R or Class 2-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 2-R or Class 2-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 2
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
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Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
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IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
205
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:____________________
_____________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
206
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
______________________________ _____________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has
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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)
208
<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.
209
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B4 Certificate
Principal Balance:
Class 2-B4 $498,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RLL7
July 27, 1998
210
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
211
<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.
212
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B5 Certificate
Principal Balance:
Class 2-B5 $747,933.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP: 36157RLM5
July 27, 1998
213
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 2 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
214
<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.
215
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-A Certificate
Principal Balance:
Class 3-A $112,817,662
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKW4
July 27, 1998
216
<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 3-A Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
217
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes, nine
classes of which represent the entire beneficial interest in the
Pool 3 Trust Fund (herein called the "Pool 3 Certificates"),
twenty-five of which represent the entire beneficial interest in
the Pool 1 Trust Fund and twenty-five of which represent the
entire beneficial interest in the Pool 2 Trust Fund.
The Pool 3 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 3 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 3 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 3 Certificates (the "Pool 3
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 3 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 and Class 3-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 3 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.
218
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
3 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 3
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 3. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 3 Certificates.
No transfer of any Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 3 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 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
219
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 3-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 3-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 3-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 3 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 3
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
220
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 3 Trust Fund created thereby shall
terminate upon payment to the Pool 3 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 3
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 3 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
3 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 3
Mortgage Loan. The right of the Company to repurchase all the
Pool 3 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 3 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 3
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 3
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.
221
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:______________________
222
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:__________________
_____________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
223
<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 3-R CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS
PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F
OF THE CODE, WITH RESPECT TO THE POOL 3 TRUST FUND.
224
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-R Certificate
Principal Balance:
Class 3-R $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RLD5
July 27, 1998
225
<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 3-R Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
226
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes, nine
classes of which represent the entire beneficial interest in the
Pool 3 Trust Fund (herein called the "Pool 3 Certificates"),
twenty-five of which represent the entire beneficial interest in
the Pool 1 Trust Fund and twenty-five of which represent the
entire beneficial interest in the Pool 2 Trust Fund.
The Pool 3 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 3 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 3 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 3 Certificates (the "Pool 3
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 3 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 and Class 3-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 3 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.
227
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
3 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 3
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 3. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 3 Certificates.
No transfer of any Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 3 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 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
228
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 3-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 3-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 3-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 3 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 3
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
229
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 3 Trust Fund created thereby shall
terminate upon payment to the Pool 3 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 3
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 3 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 3 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
3 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 3
Mortgage Loan. The right of the Company to repurchase all the
Pool 3 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 3 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 3
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 3
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.
230
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
231
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:______________________
_____________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
232
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
233
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-PO Certificate
Principal Balance:
Class 3-PO $292,874.22
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
June 1, 1998
First Distribution Date:
July 27, 1998
234
<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 3-PO Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
235
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes, nine
classes of which represent the entire beneficial interest in the
Pool 3 Trust Fund (herein called the "Pool 3 Certificates") and
twenty-five of which represent the entire beneficial interest in
the Pool 1 Trust Fund and twenty-five of which represent the
entire beneficial interest in the Pool 2 Trust Fund.
The Pool 3 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 3 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 3 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 3 Certificates (the "Pool 3
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 3 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 and Class 3-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 3 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.
236
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
3 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 3
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 3. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 3 Certificates.
No transfer of any Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 3 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 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
237
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 3-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 3-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 3-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 3 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 3
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
238
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 3 Trust Fund created thereby shall
terminate upon payment to the Pool 3 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 3
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 3 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 3 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
3 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 3
Mortgage Loan. The right of the Company to repurchase all the
Pool 3 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 3 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 3
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 3
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.
239
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
240
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective Trust
Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:__________________
_____________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
241
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
242
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-M Certificate
Principal Balance:
Class 3-M $1,157,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKX2
July 27, 1998
243
<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 3-M Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
244
<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes, nine
classes of which represent the entire beneficial interest in the
Pool 3 Trust Fund (herein called the "Pool 3 Certificates"),
twenty-five of which represent the entire beneficial interest in
the Pool 1 Trust Fund and twenty-five of which represent the
entire beneficial interest in the Pool 2 Trust Fund.
The Pool 3 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 3 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 3 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 3 Certificates (the "Pool 3
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 3 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 and Class 3-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 3 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.
245
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
3 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 3
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 3. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 3 Certificates.
No transfer of any Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 3 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 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
246
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 3-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 3-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 3-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 3 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 3
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
247
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 3 Trust Fund created thereby shall
terminate upon payment to the Pool 3 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 3
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 3 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
3 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 3
Mortgage Loan. The right of the Company to repurchase all the
Pool 3 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 3 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 3
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 3
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.
248
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
249
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:____________________
_____________________________________
Signature by or on behalf of assignor
___________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
250
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
251
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-B1 Certificate
Principal Balance:
Class 3-B1 $578,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKY0
July 27, 1998
252
<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 3-B1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
253
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
254
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-B2 Certificate
Principal Balance:
Class 3-B2 $289,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RKZ7
July 27, 1998
255
<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 3-B2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
256
<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.
257
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-B3 Certificate
Principal Balance:
Class 3-B3 $232,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RLA1
July 27, 1998
258
<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 3-B3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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,
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<PAGE>
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-11, issued in fifty-nine Classes, nine
classes of which represent the entire beneficial interest in the
Pool 3 Trust Fund (herein called the "Pool 3 Certificates"),
twenty-five of which represent the entire beneficial interest in
the Pool 1 Trust Fund and twenty-five of which represent the
entire beneficial interest in the Pool 2 Trust Fund.
The Pool 3 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 3 Mortgage Loans, all as more specifically set forth in the
Agreement. The Certificateholder, by its acceptance of this
Certificate, agrees that it will look solely to the funds on
deposit in the Pool 3 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 3 Certificates (the "Pool 3
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 3 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 and Class 3-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 3 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.
260
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
3 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 3
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 3. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 3 Certificates.
No transfer of any Class 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 3 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 3-M, Class 3-B1, Class 3-B2,
Class 3-B3, Class 3-B4 or Class 3-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not
261
<PAGE>
constitute or result in a prohibited transaction under ERISA or
Section 4975.
No transfer of any Class 3-R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class 3-R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class 3-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 3 Certificates are issuable only as
registered Certificates without coupons in denominations
specified in the Agreement. As provided in the Agreement and
subject to certain limitations therein set forth, Pool 3
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
262
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 3 Trust Fund created thereby shall
terminate upon payment to the Pool 3 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 3
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 3 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 3 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such Mortgage Loan
determined as provided in the Agreement, and (b) the later of the
final payment or other liquidation (or any Monthly Advance with
respect thereto) of the last Mortgage Loan remaining in the Pool
3 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 3
Mortgage Loan. The right of the Company to repurchase all the
Pool 3 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 3 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 3
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 3
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.
263
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
264
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
________________________________________________________________
________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
__________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
265
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
_____________________________ ______________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has
266
<PAGE>
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)
267
<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.
268
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-B4 Certificate
Principal Balance:
Class 3-B4 $173,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RLB9
July 27, 1998
269
<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 3-B4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
270
<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.
271
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 3-B5 Certificate
Principal Balance:
Class 3-B5 $174,569.69
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
June 1, 1998
First Distribution Date: CUSIP:36157RLC7
July 27, 1998
272
<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 3-B5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 3 Trust Fund"), consisting
primarily of a pool of conventional, fixed rate, one- to
four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"). The Pool 3 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund, the Pool 2 Trust
Fund and the Pool 3 Trust Fund, a summary of certain of the
pertinent provisions of which is set forth herein below. (Such
Trustee, in its capacity as trustee of the Pool 3 Trust Fund,
together with an successor trustee, is herein referred to as the
"Trustee".) To the extent not defined herein, the terms used
herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in 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
273
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
APPENDIX A
POOL 1 TAC BALANCES TABLE
The TAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 1 TAC Certificates set forth on the cover
hereof, the assumptions described in 'Pool 1 Annex--The Pool 1
Mortgage Loans and the Pool 1 Certificates--Distributions on the
Pool 1 Certificates-- Weighted Average Lives of the Pool 1
Certificates--Pool 1 TAC Certificates' in this Pool 1 Annex, and
a constant prepayment rate of 100% of the Prepayment Assumption,
in the case of the Class 1-A12 and Class 1-A13 Certificates, and
275% of the Prepayment Assumption, in the case of the Class 1-A15
Certificates (either, a 'Pool 1 TAC Prepayment Assumption'). If
such Class Certificate Principal Balances are increased or
decreased in accordance with the variance permitted hereby the
applicable balances set forth in the table below will be
increased or decreased substantially correspondingly. In such
event, the final Pool 1 TAC Balances Table will be calculated on
or about the Closing Date on the basis of (1) such revised Class
Certificate Principal Balances, (2) the actual characteristics of
the Pool 1 Mortgage Loans, (3) the applicable Pool 1 TAC
Prepayment Assumption and (4) the assumptions set forth in
clauses (i), (iv) through (viii), (x) and (xi) of the Pool 1
Modeling Assumptions. The final Pool 1 TAC Balances Table will be
set forth in the Agreement, which will be filed as an exhibit to
the Detailed Description.
Pool 1 TAC Balances
---------------------------------------------------
Distribution Date Class 1-A12 Class 1-A13 Class 1-A15
- ------------------ --------------- -------------- --------------
Initial Balance... $ 35,200,000.00 $14,900,000.00 $45,620,000.00
July 1998......... 35,116,195.73 14,900,000.00 45,510,658.13
August 1998....... 35,019,929.04 14,900,000.00 45,385,056.18
September 1998.... 34,911,237.40 14,900,000.00 45,243,243.04
October 1998...... 34,790,150.62 14,900,000.00 45,085,257.59
November 1998..... 34,656,704.92 14,900,000.00 44,911,147.12
December 1998..... 34,510,942.96 14,900,000.00 44,720,967.25
January 1999...... 34,352,913.78 14,900,000.00 44,514,781.99
February 1999..... 34,182,672.81 14,900,000.00 44,292,663.64
March 1999........ 34,000,281.83 14,900,000.00 44,054,692.83
April 1999........ 33,805,808.96 14,900,000.00 43,800,958.42
May 1999.......... 33,599,328.61 14,900,000.00 43,531,557.50
June 1999......... 33,380,921.43 14,900,000.00 43,246,595.31
July 1999......... 33,150,679.55 14,900,000.00 42,946,192.03
August 1999....... 32,908,695.90 14,900,000.00 42,630,468.94
September 1999.... 32,655,074.70 14,900,000.00 42,299,561.98
October 1999...... 32,389,920.91 14,900,000.00 41,953,608.13
November 1999..... 32,113,362.99 14,900,000.00 41,592,774.97
December 1999..... 31,825,541.53 14,900,000.00 41,217,245.93
January 2000...... 31,526,587.57 14,900,000.00 40,827,192.02
February 2000..... 31,216,635.32 14,900,000.00 40,422,788.30
March 2000........ 30,895,832.17 14,900,000.00 40,004,227.11
April 2000........ 30,564,343.51 14,900,000.00 39,571,724.21
May 2000.......... 30,222,337.43 14,900,000.00 39,125,498.94
June 2000......... 29,870,024.85 14,900,000.00 38,665,826.48
July 2000......... 29,507,640.61 14,900,000.00 38,193,013.23
August 2000....... 29,135,437.64 14,900,000.00 37,707,389.20
September 2000.... 28,753,710.74 14,900,000.00 37,209,339.01
October 2000...... 28,363,063.43 14,900,000.00 36,699,650.11
November 2000..... 27,966,510.74 14,900,000.00 36,182,256.29
December 2000..... 27,570,034.50 14,900,000.00 35,664,962.21
January 2001...... 27,175,566.52 14,900,000.00 35,150,288.37
February 2001..... 26,783,096.59 14,900,000.00 34,638,221.44
March 2001........ 26,392,614.57 14,900,000.00 34,128,748.19
<PAGE>
Pool 1 TAC Balances
---------------------------------------------------
Distribution Date Class 1-A12 Class 1-A13 Class 1-A15
- ------------------ --------------- -------------- --------------
April 2001........ $ 26,004,110.35 $14,900,000.00 $33,621,855.45
May 2001.......... 25,617,573.90 14,900,000.00 33,117,530.10
June 2001......... 25,232,995.22 14,900,000.00 32,615,759.12
July 2001......... 24,850,364.37 14,900,000.00 32,116,529.53
August 2001....... 24,469,671.47 14,900,000.00 31,619,828.44
September 2001.... 24,090,906.69 14,900,000.00 31,125,643.01
October 2001...... 23,714,060.23 14,900,000.00 30,633,960.49
November 2001..... 23,339,122.38 14,900,000.00 30,144,768.17
December 2001..... 22,966,083.44 14,900,000.00 29,658,053.43
January 2002...... 22,594,933.80 14,900,000.00 29,173,803.70
February 2002..... 22,225,663.87 14,900,000.00 28,692,006.49
March 2002........ 21,858,264.12 14,900,000.00 28,212,649.36
April 2002........ 21,492,725.08 14,900,000.00 27,735,719.95
May 2002.......... 21,129,037.32 14,900,000.00 27,261,205.95
June 2002......... 20,767,191.47 14,900,000.00 26,789,095.14
July 2002......... 20,407,178.18 14,900,000.00 26,319,375.35
August 2002....... 20,048,988.19 14,900,000.00 25,852,034.45
September 2002.... 19,692,612.26 14,900,000.00 25,387,060.42
October 2002...... 19,338,041.21 14,900,000.00 24,924,441.26
November 2002..... 18,985,265.91 14,900,000.00 24,464,165.08
December 2002..... 18,634,277.28 14,900,000.00 24,006,220.00
January 2003...... 18,285,066.27 14,900,000.00 23,550,594.24
February 2003..... 17,937,623.90 14,900,000.00 23,097,276.08
March 2003........ 17,591,941.22 14,900,000.00 22,646,253.84
April 2003........ 17,248,009.34 14,900,000.00 22,197,515.93
May 2003.......... 16,905,819.42 14,900,000.00 21,751,050.79
June 2003......... 16,565,362.65 14,900,000.00 21,306,846.94
July 2003......... 16,245,117.56 14,900,000.00 20,889,013.86
August 2003....... 15,926,564.20 14,900,000.00 20,473,388.03
September 2003.... 15,609,693.95 14,900,000.00 20,059,958.20
October 2003...... 15,294,498.24 14,900,000.00 19,648,713.20
November 2003..... 14,980,968.54 14,900,000.00 19,239,641.89
December 2003..... 14,669,096.37 14,900,000.00 18,832,733.20
January 2004...... 14,358,873.30 14,900,000.00 18,427,976.14
February 2004..... 14,050,290.92 14,900,000.00 18,025,359.75
March 2004........ 13,743,340.90 14,900,000.00 17,624,873.13
April 2004........ 13,438,014.94 14,900,000.00 17,226,505.47
May 2004.......... 13,134,304.77 14,900,000.00 16,830,245.98
June 2004......... 12,832,202.17 14,900,000.00 16,436,083.95
July 2004......... 12,537,706.01 14,900,000.00 16,051,846.24
August 2004....... 12,244,777.94 14,900,000.00 15,669,654.48
September 2004.... 11,953,409.92 14,900,000.00 15,289,498.15
October 2004...... 11,663,593.94 14,900,000.00 14,911,366.82
November 2004..... 11,375,322.05 14,900,000.00 14,535,250.10
December 2004..... 11,088,586.33 14,900,000.00 14,161,137.66
January 2005...... 10,803,378.89 14,900,000.00 13,789,019.23
February 2005..... 10,519,691.92 14,900,000.00 13,418,884.59
March 2005........ 10,237,517.62 14,900,000.00 13,050,723.58
April 2005........ 9,956,848.23 14,900,000.00 12,684,526.07
May 2005.......... 9,677,676.07 14,900,000.00 12,320,282.03
June 2005......... 9,399,993.45 14,900,000.00 11,957,981.45
July 2005......... 9,135,452.64 14,900,000.00 11,612,827.37
<PAGE>
Pool 1 TAC Balances
---------------------------------------------------
Distribution Date Class 1-A12 Class 1-A13 Class 1-A15
- ------------------ --------------- -------------- --------------
August 2005....... $ 8,872,318.79 $14,900,000.00 $11,269,508.99
September 2005.... 8,610,584.55 14,900,000.00 10,928,016.72
October 2005...... 8,350,242.60 14,900,000.00 10,588,341.00
November 2005..... 8,091,285.66 14,900,000.00 10,250,472.35
December 2005..... 7,833,706.49 14,900,000.00 9,914,401.32
January 2006...... 7,577,497.89 14,900,000.00 9,580,118.51
February 2006..... 7,322,652.70 14,900,000.00 9,247,614.58
March 2006........ 7,069,163.79 14,900,000.00 8,916,880.24
April 2006........ 6,817,024.09 14,900,000.00 8,587,906.24
May 2006.......... 6,566,226.55 14,900,000.00 8,260,683.40
June 2006......... 6,316,764.15 14,900,000.00 7,935,202.56
July 2006......... 6,079,736.87 14,900,000.00 7,625,946.17
August 2006....... 5,843,938.20 14,900,000.00 7,318,292.79
September 2006.... 5,609,361.65 14,900,000.00 7,012,233.94
October 2006...... 5,376,000.77 14,900,000.00 6,707,761.22
November 2006..... 5,143,849.13 14,900,000.00 6,404,866.23
December 2006..... 4,912,900.36 14,900,000.00 6,103,540.66
January 2007...... 4,683,148.11 14,900,000.00 5,803,776.21
February 2007..... 4,454,586.04 14,900,000.00 5,505,564.64
March 2007........ 4,227,207.89 14,900,000.00 5,208,897.75
April 2007........ 4,001,007.39 14,900,000.00 4,913,767.39
May 2007.......... 3,775,978.33 14,900,000.00 4,620,165.44
June 2007......... 3,552,114.53 14,900,000.00 4,328,083.83
July 2007......... 3,339,833.64 14,900,000.00 4,051,114.77
August 2007....... 3,128,592.01 14,900,000.00 3,775,501.68
September 2007.... 2,918,384.26 14,900,000.00 3,501,237.52
October 2007...... 2,709,205.01 14,900,000.00 3,228,315.27
November 2007..... 2,501,048.92 14,900,000.00 2,956,727.97
December 2007..... 2,293,910.66 14,900,000.00 2,686,468.66
January 2008...... 2,087,784.96 14,900,000.00 2,417,530.46
February 2008..... 1,882,666.54 14,900,000.00 2,149,906.50
March 2008........ 1,678,550.17 14,900,000.00 1,883,589.94
April 2008........ 1,475,430.64 14,900,000.00 1,618,573.98
May 2008.......... 1,273,302.77 14,900,000.00 1,354,851.88
June 2008......... 1,072,161.40 14,900,000.00 1,092,416.89
July 2008......... 872,001.41 14,900,000.00 831,262.33
August 2008....... 672,817.69 14,900,000.00 571,381.54
September 2008.... 474,605.17 14,900,000.00 312,767.90
October 2008...... 277,358.79 14,900,000.00 55,414.81
November 2008..... 81,073.52 14,900,000.00 0.00
December 2008..... 0.00 14,785,744.38 0.00
January 2009...... 0.00 14,591,366.39 0.00
February 2009..... 0.00 14,397,934.59 0.00
March 2009........ 0.00 14,205,444.07 0.00
April 2009........ 0.00 14,013,889.94 0.00
May 2009.......... 0.00 13,823,267.31 0.00
June 2009......... 0.00 13,633,571.34 0.00
July 2009......... 0.00 13,444,797.20 0.00
August 2009....... 0.00 13,256,940.11 0.00
September 2009.... 0.00 13,069,995.29 0.00
October 2009...... 0.00 12,883,957.99 0.00
November 2009..... 0.00 12,698,823.49 0.00
<PAGE>
Pool 1 TAC Balances
---------------------------------------------------
Distribution Date Class 1-A12 Class 1-A13 Class 1-A15
- ------------------ --------------- -------------- --------------
December 2009..... $ 0.00 $12,514,587.08 $ 0.00
January 2010...... 0.00 12,331,244.09 0.00
February 2010..... 0.00 12,148,789.87 0.00
March 2010........ 0.00 11,967,219.79 0.00
April 2010........ 0.00 11,786,529.25 0.00
May 2010.......... 0.00 11,606,713.67 0.00
June 2010......... 0.00 11,427,768.49 0.00
July 2010......... 0.00 11,249,689.17 0.00
August 2010....... 0.00 11,072,471.21 0.00
September 2010.... 0.00 10,896,110.12 0.00
October 2010...... 0.00 10,720,601.43 0.00
November 2010..... 0.00 10,545,940.71 0.00
December 2010..... 0.00 10,372,123.53 0.00
January 2011...... 0.00 10,199,145.50 0.00
February 2011..... 0.00 10,027,002.25 0.00
March 2011........ 0.00 9,855,689.42 0.00
April 2011........ 0.00 9,685,202.69 0.00
May 2011.......... 0.00 9,515,537.75 0.00
June 2011......... 0.00 9,346,690.32 0.00
July 2011......... 0.00 9,178,656.13 0.00
August 2011....... 0.00 9,011,430.94 0.00
September 2011.... 0.00 8,845,010.54 0.00
October 2011...... 0.00 8,679,390.73 0.00
November 2011..... 0.00 8,514,567.32 0.00
December 2011..... 0.00 8,350,536.18 0.00
January 2012...... 0.00 8,187,293.16 0.00
February 2012..... 0.00 8,024,834.16 0.00
March 2012........ 0.00 7,863,155.07 0.00
April 2012........ 0.00 7,702,251.84 0.00
May 2012.......... 0.00 7,542,120.42 0.00
June 2012......... 0.00 7,382,756.77 0.00
July 2012......... 0.00 7,224,156.90 0.00
August 2012....... 0.00 7,066,316.80 0.00
September 2012.... 0.00 6,909,232.53 0.00
October 2012...... 0.00 6,752,900.12 0.00
November 2012..... 0.00 6,597,315.66 0.00
December 2012..... 0.00 6,442,475.23 0.00
January 2013...... 0.00 6,288,374.96 0.00
February 2013..... 0.00 6,135,010.98 0.00
March 2013........ 0.00 5,982,379.44 0.00
April 2013........ 0.00 5,830,476.52 0.00
May 2013.......... 0.00 5,679,298.41 0.00
June 2013......... 0.00 5,528,841.32 0.00
July 2013......... 0.00 5,379,101.48 0.00
August 2013....... 0.00 5,230,075.15 0.00
September 2013.... 0.00 5,081,758.60 0.00
October 2013...... 0.00 4,934,148.11 0.00
November 2013..... 0.00 4,787,240.00 0.00
December 2013..... 0.00 4,641,030.60 0.00
January 2014...... 0.00 4,495,516.25 0.00
February 2014..... 0.00 4,350,693.31 0.00
March 2014........ 0.00 4,206,558.17 0.00
<PAGE>
Pool 1 TAC Balances
---------------------------------------------------
Distribution Date Class 1-A12 Class 1-A13 Class 1-A15
- ------------------ --------------- -------------- --------------
April 2014........ $ 0.00 $ 4,063,107.24 $ 0.00
May 2014.......... 0.00 3,920,336.93 0.00
June 2014......... 0.00 3,778,243.69 0.00
July 2014......... 0.00 3,636,823.97 0.00
August 2014....... 0.00 3,496,074.25 0.00
September 2014.... 0.00 3,355,991.01 0.00
October 2014...... 0.00 3,216,570.78 0.00
November 2014..... 0.00 3,077,810.09 0.00
December 2014..... 0.00 2,939,705.47 0.00
January 2015...... 0.00 2,802,253.50 0.00
February 2015..... 0.00 2,665,450.76 0.00
March 2015........ 0.00 2,529,293.85 0.00
April 2015........ 0.00 2,393,779.38 0.00
May 2015.......... 0.00 2,258,903.99 0.00
June 2015......... 0.00 2,124,664.34 0.00
July 2015......... 0.00 1,991,057.09 0.00
August 2015....... 0.00 1,858,078.94 0.00
September 2015.... 0.00 1,725,726.57 0.00
October 2015...... 0.00 1,593,996.72 0.00
November 2015..... 0.00 1,462,886.12 0.00
December 2015..... 0.00 1,332,391.52 0.00
January 2016...... 0.00 1,202,509.70 0.00
February 2016..... 0.00 1,073,237.44 0.00
March 2016........ 0.00 944,571.55 0.00
April 2016........ 0.00 816,508.84 0.00
May 2016.......... 0.00 689,046.16 0.00
June 2016......... 0.00 562,180.34 0.00
July 2016......... 0.00 435,908.28 0.00
August 2016....... 0.00 310,226.83 0.00
September 2016.... 0.00 185,132.92 0.00
October 2016...... 0.00 60,623.45 0.00
November 2016..... 0.00 0.00 0.00
<PAGE>
POOL 2 TAC BALANCES TABLE
The TAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 2 TAC Certificates set forth on the cover
hereof, the assumptions described in 'Pool 2 Annex--The Pool 2
Mortgage Loans and the Pool 2 Certificates--Pool 2 Yield and
Weighted Average Life Considerations--Weighted Average Lives of
the Pool 2 Certificates--Pool 2 TAC Certificates' in this Pool 2
Annex, and a constant prepayment rate of 275% of the Prepayment
Assumption (the 'Pool 2 TAC Prepayment Assumption'). If such
Class Certificate Principal Balance is increased or decreased in
accordance with the variance permitted hereby the applicable
balances set forth in the table below will be increased or
decreased substantially correspondingly. In such event, the final
Pool 2 TAC Balances Table will be calculated on or about the
Closing Date on the basis of such revised Class Certificate
Principal Balance and the actual characteristics of the Pool 2
Mortgage Loans and on the basis of (1) the Pool 2 TAC Prepayment
Assumption and (2) the assumptions set forth in clauses (i), (iv)
through (viii), (x) and (xi) of the Pool 2 Modeling Assumptions.
The final Pool 2 TAC Balances Table will be set forth in the
Agreement, which will be filed as an exhibit to the Detailed
Description.
<TABLE>
<CAPTION>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A1 Class 2-A2 Class 2-A5 Class 2-A6
- ------------------ -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Initial Balance... $23,177,880.00 $ 7,474,000.00 $24,125,000.00 $10,000,000.00
July 1998......... 23,147,935.71 7,474,000.00 24,028,816.15 9,982,836.54
August 1998....... 23,109,563.02 7,474,000.00 23,905,559.46 9,960,842.09
September 1998.... 23,062,783.61 7,474,000.00 23,755,299.62 9,934,029.08
October 1998...... 23,007,616.35 7,474,000.00 23,578,097.24 9,902,408.32
November 1998..... 22,944,091.88 7,474,000.00 23,374,050.70 9,865,997.38
December 1998..... 22,872,252.64 7,474,000.00 23,143,296.32 9,824,820.58
January 1999...... 22,792,152.87 7,474,000.00 22,886,008.37 9,778,909.01
February 1999..... 22,703,858.64 7,474,000.00 22,602,399.04 9,728,300.54
March 1999........ 22,607,447.75 7,474,000.00 22,292,718.26 9,673,039.77
April 1999........ 22,503,009.72 7,474,000.00 21,957,253.53 9,613,178.00
May 1999.......... 22,390,645.63 7,474,000.00 21,596,329.56 9,548,773.18
June 1999......... 22,270,468.04 7,474,000.00 21,210,307.90 9,479,889.81
July 1999......... 22,142,600.81 7,474,000.00 20,799,586.40 9,406,598.90
August 1999....... 22,007,178.93 7,474,000.00 20,364,598.67 9,328,977.83
September 1999.... 21,864,348.33 7,474,000.00 19,905,813.41 9,247,110.21
October 1999...... 21,714,265.58 7,474,000.00 19,423,733.59 9,161,085.82
November 1999..... 21,557,097.71 7,474,000.00 18,918,895.70 9,071,000.37
December 1999..... 21,393,021.86 7,474,000.00 18,391,868.73 8,976,955.42
January 2000...... 21,222,225.00 7,474,000.00 17,843,253.21 8,879,058.10
February 2000..... 21,044,903.54 7,474,000.00 17,273,680.12 8,777,421.03
March 2000........ 20,861,263.06 7,474,000.00 16,683,809.70 8,672,162.02
April 2000........ 20,671,517.81 7,474,000.00 16,074,330.21 8,563,403.88
May 2000.......... 20,475,890.39 7,474,000.00 15,445,956.64 8,451,274.20
June 2000......... 20,274,611.27 7,474,000.00 14,799,429.28 8,335,905.08
July 2000......... 20,067,918.36 7,474,000.00 14,135,512.32 8,217,432.88
August 2000....... 19,856,056.53 7,474,000.00 13,454,992.30 8,095,997.97
September 2000.... 19,639,277.12 7,474,000.00 12,758,676.58 7,971,744.40
October 2000...... 19,417,837.47 7,474,000.00 12,047,391.70 7,844,819.67
November 2000..... 19,192,000.33 7,474,000.00 11,321,981.70 7,715,374.39
December 2000..... 18,969,661.31 7,474,000.00 10,607,807.94 7,587,934.16
January 2001...... 18,750,767.28 7,474,000.00 9,904,699.85 7,462,468.52
February 2001..... 18,535,265.94 7,474,000.00 9,212,489.40 7,338,947.52
March 2001........ 18,323,105.78 7,474,000.00 8,531,011.12 7,217,341.60
April 2001........ 18,114,236.06 7,474,000.00 7,860,102.04 7,097,621.70
May 2001.......... 17,908,606.80 7,474,000.00 7,199,601.64 6,979,759.17
June 2001......... 17,706,168.79 7,474,000.00 6,549,351.82 6,863,725.80
July 2001......... 17,506,873.56 7,474,000.00 5,909,196.87 6,749,493.80
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A1 Class 2-A2 Class 2-A5 Class 2-A6
- ------------------ -------------- -------------- -------------- --------------
August 2001....... 17,310,673.35 7,474,000.00 5,278,983.45 6,637,035.81
September 2001.... 17,117,521.15 7,474,000.00 4,658,560.52 6,526,324.88
October 2001...... 16,927,370.64 7,474,000.00 4,047,779.31 6,417,334.45
November 2001..... 16,740,176.22 7,474,000.00 3,446,493.33 6,310,038.40
December 2001..... 16,555,892.96 7,474,000.00 2,854,558.26 6,204,410.96
January 2002...... 16,374,476.62 7,474,000.00 2,271,832.00 6,100,426.78
February 2002..... 16,195,883.62 7,474,000.00 1,698,174.58 5,998,060.89
March 2002........ 16,020,071.05 7,474,000.00 1,133,448.15 5,897,288.67
April 2002........ 15,846,996.63 7,474,000.00 577,516.93 5,798,085.92
May 2002.......... 15,676,618.74 7,474,000.00 30,247.20 5,700,428.76
June 2002......... 15,508,896.37 7,474,000.00 0.00 5,519,367.97
July 2002......... 15,343,789.15 7,474,000.00 0.00 5,336,157.35
August 2002....... 15,181,257.31 7,474,000.00 0.00 5,155,804.49
September 2002.... 15,021,261.68 7,474,000.00 0.00 4,978,265.92
October 2002...... 14,863,763.68 7,474,000.00 0.00 4,803,498.84
November 2002..... 14,708,725.31 7,474,000.00 0.00 4,631,461.09
December 2002..... 14,556,109.17 7,474,000.00 0.00 4,462,111.15
January 2003...... 14,405,878.40 7,474,000.00 0.00 4,295,408.12
February 2003..... 14,257,996.70 7,474,000.00 0.00 4,131,311.74
March 2003........ 14,112,428.33 7,474,000.00 0.00 3,969,782.33
April 2003........ 13,969,138.09 7,474,000.00 0.00 3,810,780.84
May 2003.......... 13,828,091.30 7,474,000.00 0.00 3,654,268.78
June 2003......... 13,689,253.82 7,474,000.00 0.00 3,500,208.28
July 2003......... 13,564,865.22 7,474,000.00 0.00 3,362,180.92
August 2003....... 13,442,561.58 7,474,000.00 0.00 3,226,467.14
September 2003.... 13,322,310.52 7,474,000.00 0.00 3,093,030.99
October 2003...... 13,204,080.14 7,474,000.00 0.00 2,961,837.09
November 2003..... 13,087,839.05 7,474,000.00 0.00 2,832,850.59
December 2003..... 12,973,556.30 7,474,000.00 0.00 2,706,037.16
January 2004...... 12,861,201.45 7,474,000.00 0.00 2,581,363.01
February 2004..... 12,750,744.50 7,474,000.00 0.00 2,458,794.85
March 2004........ 12,642,155.90 7,474,000.00 0.00 2,338,299.91
April 2004........ 12,535,406.58 7,474,000.00 0.00 2,219,845.92
May 2004.......... 12,430,467.89 7,474,000.00 0.00 2,103,401.08
June 2004......... 12,327,311.62 7,474,000.00 0.00 1,988,934.10
July 2004......... 12,229,689.75 7,474,000.00 0.00 1,880,608.36
August 2004....... 12,133,750.32 7,474,000.00 0.00 1,774,149.52
September 2004.... 12,039,466.70 7,474,000.00 0.00 1,669,528.05
October 2004...... 11,946,812.68 7,474,000.00 0.00 1,566,714.86
November 2004..... 11,855,762.46 7,474,000.00 0.00 1,465,681.32
December 2004..... 11,766,290.62 7,474,000.00 0.00 1,366,399.22
January 2005...... 11,678,372.14 7,474,000.00 0.00 1,268,840.79
February 2005..... 11,591,982.37 7,474,000.00 0.00 1,172,978.70
March 2005........ 11,507,097.06 7,474,000.00 0.00 1,078,786.03
April 2005........ 11,423,692.32 7,474,000.00 0.00 986,236.27
May 2005.......... 11,341,744.63 7,474,000.00 0.00 895,303.31
June 2005......... 11,261,230.83 7,474,000.00 0.00 805,961.46
July 2005......... 11,188,975.95 7,474,000.00 0.00 725,784.10
August 2005....... 11,028,614.06 7,474,000.00 0.00 647,017.70
September 2005.... 10,532,217.10 7,474,000.00 0.00 569,639.19
October 2005...... 10,044,578.07 7,474,000.00 0.00 493,625.86
November 2005..... 9,565,553.63 7,474,000.00 0.00 418,955.39
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A1 Class 2-A2 Class 2-A5 Class 2-A6
- ------------------ -------------- -------------- -------------- --------------
December 2005..... 9,095,002.68 7,474,000.00 0.00 345,605.76
January 2006...... 8,632,786.35 7,474,000.00 0.00 273,555.34
February 2006..... 8,178,767.93 7,474,000.00 0.00 202,782.81
March 2006........ 7,732,812.87 7,474,000.00 0.00 133,267.20
April 2006........ 7,294,788.76 7,474,000.00 0.00 64,987.87
May 2006.......... 6,869,768.10 7,465,185.03 0.00 0.00
June 2006......... 6,612,332.32 7,185,436.76 0.00 0.00
July 2006......... 6,385,016.75 6,938,419.28 0.00 0.00
August 2006....... 6,161,617.64 6,695,657.70 0.00 0.00
September 2006.... 5,942,070.51 6,457,081.97 0.00 0.00
October 2006...... 5,726,311.90 6,222,623.12 0.00 0.00
November 2006..... 5,514,279.37 5,992,213.30 0.00 0.00
December 2006..... 5,305,911.49 5,765,785.75 0.00 0.00
January 2007...... 5,101,147.79 5,543,274.75 0.00 0.00
February 2007..... 4,899,928.78 5,324,615.68 0.00 0.00
March 2007........ 4,702,195.92 5,109,744.90 0.00 0.00
April 2007........ 4,507,891.61 4,898,599.84 0.00 0.00
May 2007.......... 4,316,959.17 4,691,118.90 0.00 0.00
June 2007......... 4,129,342.84 4,487,241.48 0.00 0.00
July 2007......... 3,966,016.89 4,309,759.72 0.00 0.00
August 2007....... 3,805,271.62 4,135,082.34 0.00 0.00
September 2007.... 3,647,067.29 3,963,166.11 0.00 0.00
October 2007...... 3,491,364.72 3,793,968.48 0.00 0.00
November 2007..... 3,338,125.36 3,627,447.54 0.00 0.00
December 2007..... 3,187,311.22 3,463,562.03 0.00 0.00
January 2008...... 3,038,884.90 3,302,271.30 0.00 0.00
February 2008..... 2,892,809.57 3,143,535.32 0.00 0.00
March 2008........ 2,749,048.95 2,987,314.67 0.00 0.00
April 2008........ 2,607,567.33 2,833,570.55 0.00 0.00
May 2008.......... 2,468,329.52 2,682,264.71 0.00 0.00
June 2008......... 2,331,300.88 2,533,359.52 0.00 0.00
July 2008......... 2,196,447.30 2,386,817.90 0.00 0.00
August 2008....... 2,063,735.17 2,242,603.34 0.00 0.00
September 2008.... 1,933,131.42 2,100,679.89 0.00 0.00
October 2008...... 1,804,603.46 1,961,012.15 0.00 0.00
November 2008..... 1,678,119.20 1,823,565.24 0.00 0.00
December 2008..... 1,553,647.05 1,688,304.83 0.00 0.00
January 2009...... 1,431,155.89 1,555,197.11 0.00 0.00
February 2009..... 1,310,615.07 1,424,208.78 0.00 0.00
March 2009........ 1,191,994.43 1,295,307.04 0.00 0.00
April 2009........ 1,075,264.24 1,168,459.60 0.00 0.00
May 2009.......... 960,395.24 1,043,634.67 0.00 0.00
June 2009......... 847,358.62 920,800.93 0.00 0.00
July 2009......... 736,125.98 799,927.54 0.00 0.00
August 2009....... 626,669.40 680,984.13 0.00 0.00
September 2009.... 518,961.34 563,940.79 0.00 0.00
October 2009...... 412,974.72 448,768.08 0.00 0.00
November 2009..... 308,682.83 335,437.00 0.00 0.00
December 2009..... 206,059.40 223,918.99 0.00 0.00
January 2010...... 105,078.55 114,185.92 0.00 0.00
February 2010..... 5,714.79 6,210.10 0.00 0.00
March 2010........ 0.00 0.00 0.00 0.00
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A8 Class 2-A9 Class 2-A10 Class 2-A11
- ------------------ -------------- -------------- -------------- --------------
Initial Balance... $ 1,750,000.00 $ 1,750,000.00 $73,700,000.00 $44,500,000.00
July 1998......... 1,750,000.00 1,750,000.00 73,516,783.51 44,500,000.00
August 1998....... 1,750,000.00 1,750,000.00 73,281,997.12 44,500,000.00
September 1998.... 1,750,000.00 1,750,000.00 72,995,773.59 44,500,000.00
October 1998...... 1,750,000.00 1,750,000.00 72,658,228.35 44,500,000.00
November 1998..... 1,750,000.00 1,750,000.00 72,269,548.83 44,500,000.00
December 1998..... 1,750,000.00 1,750,000.00 71,829,994.70 44,500,000.00
January 1999...... 1,750,000.00 1,750,000.00 71,339,897.92 44,500,000.00
February 1999..... 1,750,000.00 1,750,000.00 70,799,662.64 44,500,000.00
March 1999........ 1,750,000.00 1,750,000.00 70,209,764.99 44,500,000.00
April 1999........ 1,750,000.00 1,750,000.00 69,570,752.60 44,500,000.00
May 1999.......... 1,750,000.00 1,750,000.00 68,883,243.99 44,500,000.00
June 1999......... 1,750,000.00 1,750,000.00 68,147,927.85 44,500,000.00
July 1999......... 1,750,000.00 1,750,000.00 67,365,562.05 44,500,000.00
August 1999....... 1,750,000.00 1,750,000.00 66,536,972.57 44,500,000.00
September 1999.... 1,750,000.00 1,750,000.00 65,663,052.17 44,500,000.00
October 1999...... 1,750,000.00 1,750,000.00 64,744,758.98 44,500,000.00
November 1999..... 1,750,000.00 1,750,000.00 63,783,114.90 44,500,000.00
December 1999..... 1,750,000.00 1,750,000.00 62,779,203.79 44,500,000.00
January 2000...... 1,750,000.00 1,750,000.00 61,734,169.59 44,284,302.30
February 2000..... 1,750,000.00 1,750,000.00 60,649,214.20 43,777,387.41
March 2000........ 1,750,000.00 1,750,000.00 59,525,595.30 43,252,408.08
April 2000........ 1,750,000.00 1,750,000.00 58,364,623.93 42,709,976.86
May 2000.......... 1,750,000.00 1,750,000.00 57,167,662.03 42,150,730.08
June 2000......... 1,750,000.00 1,750,000.00 55,936,119.75 41,575,326.59
July 2000......... 1,750,000.00 1,750,000.00 54,671,452.76 40,984,446.51
August 2000....... 1,750,000.00 1,750,000.00 53,375,159.34 40,378,789.87
September 2000.... 1,750,000.00 1,750,000.00 52,048,777.35 39,759,075.19
October 2000...... 1,750,000.00 1,750,000.00 50,693,881.24 39,126,038.09
November 2000..... 1,750,000.00 1,750,000.00 49,312,078.80 38,480,429.77
December 2000..... 1,750,000.00 1,750,000.00 47,951,679.80 37,844,821.60
January 2001...... 1,750,000.00 1,750,000.00 46,612,359.30 37,219,061.77
February 2001..... 1,750,000.00 1,750,000.00 45,293,797.27 36,603,000.74
March 2001........ 1,750,000.00 1,750,000.00 43,995,678.49 35,996,491.25
April 2001........ 1,750,000.00 1,750,000.00 42,717,692.51 35,399,388.25
May 2001.......... 1,750,000.00 1,750,000.00 41,459,533.58 34,811,548.88
June 2001......... 1,750,000.00 1,750,000.00 40,220,900.54 34,232,832.43
July 2001......... 1,750,000.00 1,750,000.00 39,001,496.81 33,663,100.34
August 2001....... 1,750,000.00 1,750,000.00 37,801,030.26 33,102,216.11
September 2001.... 1,750,000.00 1,750,000.00 36,619,213.19 32,550,045.32
October 2001...... 1,750,000.00 1,750,000.00 35,455,762.23 32,006,455.58
November 2001..... 1,750,000.00 1,750,000.00 34,310,398.30 31,471,316.50
December 2001..... 1,750,000.00 1,750,000.00 33,182,846.55 30,944,499.66
January 2002...... 1,750,000.00 1,750,000.00 32,072,836.26 30,425,878.57
February 2002..... 1,750,000.00 1,750,000.00 30,980,100.81 29,915,328.67
March 2002........ 1,750,000.00 1,750,000.00 29,904,377.61 29,412,727.26
April 2002........ 1,750,000.00 1,750,000.00 28,845,408.04 28,917,953.51
May 2002.......... 1,750,000.00 1,750,000.00 27,802,937.38 28,430,888.42
June 2002......... 1,750,000.00 1,750,000.00 26,776,714.78 27,527,847.77
July 2002......... 1,750,000.00 1,750,000.00 25,766,493.15 26,614,084.80
August 2002....... 1,750,000.00 1,750,000.00 24,772,029.17 25,714,574.90
September 2002.... 1,750,000.00 1,750,000.00 23,793,083.18 24,829,101.28
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A8 Class 2-A9 Class 2-A10 Class 2-A11
- ------------------ -------------- -------------- -------------- --------------
October 2002...... $ 1,750,000.00 $ 1,750,000.00 $22,829,419.15 $23,957,450.47
November 2002..... 1,750,000.00 1,750,000.00 21,880,804.62 23,099,412.18
December 2002..... 1,750,000.00 1,750,000.00 20,947,010.64 22,254,779.35
January 2003...... 1,750,000.00 1,750,000.00 20,027,811.74 21,423,348.00
February 2003..... 1,750,000.00 1,750,000.00 19,122,985.83 20,604,917.29
March 2003........ 1,750,000.00 1,750,000.00 18,232,314.21 19,799,289.37
April 2003........ 1,750,000.00 1,750,000.00 17,355,581.48 19,006,269.43
May 2003.......... 1,750,000.00 1,750,000.00 16,492,575.49 18,225,665.56
June 2003......... 1,750,000.00 1,750,000.00 15,643,087.33 17,457,288.79
July 2003......... 1,750,000.00 1,750,000.00 14,882,005.79 16,768,877.35
August 2003....... 1,750,000.00 1,750,000.00 14,133,681.27 16,092,004.85
September 2003.... 1,750,000.00 1,750,000.00 13,397,915.62 15,426,492.07
October 2003...... 1,750,000.00 1,750,000.00 12,674,513.69 14,772,162.49
November 2003..... 1,750,000.00 1,750,000.00 11,963,283.32 14,128,842.29
December 2003..... 1,750,000.00 1,750,000.00 11,264,035.27 13,496,360.32
January 2004...... 1,750,000.00 1,750,000.00 10,576,583.19 12,874,547.99
February 2004..... 1,750,000.00 1,750,000.00 9,900,743.54 12,263,239.32
March 2004........ 1,750,000.00 1,750,000.00 9,236,335.60 11,662,270.82
April 2004........ 1,750,000.00 1,750,000.00 8,583,181.40 11,071,481.53
May 2004.......... 1,750,000.00 1,750,000.00 7,941,105.68 10,490,712.91
June 2004......... 1,750,000.00 1,750,000.00 7,309,935.83 9,919,808.85
July 2004......... 1,750,000.00 1,750,000.00 6,712,628.70 9,379,534.19
August 2004....... 1,750,000.00 1,750,000.00 6,125,615.66 8,848,570.73
September 2004.... 1,750,000.00 1,750,000.00 5,548,733.86 8,326,771.14
October 2004...... 1,750,000.00 1,750,000.00 4,981,822.92 7,813,990.37
November 2004..... 1,750,000.00 1,750,000.00 4,424,724.91 7,310,085.56
December 2004..... 1,750,000.00 1,750,000.00 3,877,284.34 6,814,916.09
January 2005...... 1,750,000.00 1,750,000.00 3,339,348.12 6,328,343.45
February 2005..... 1,750,000.00 1,750,000.00 2,810,765.48 5,850,231.29
March 2005........ 1,750,000.00 1,750,000.00 2,291,387.97 5,380,445.33
April 2005........ 1,750,000.00 1,750,000.00 1,781,069.45 4,918,853.39
May 2005.......... 1,750,000.00 1,750,000.00 1,279,665.99 4,465,325.27
June 2005......... 1,750,000.00 1,750,000.00 787,035.88 4,019,732.80
July 2005......... 1,750,000.00 1,750,000.00 344,938.67 3,619,848.20
August 2005....... 1,750,000.00 1,750,000.00 0.00 3,227,000.76
September 2005.... 1,750,000.00 1,750,000.00 0.00 2,841,075.44
October 2005...... 1,750,000.00 1,750,000.00 0.00 2,461,959.00
November 2005..... 1,750,000.00 1,750,000.00 0.00 2,089,540.00
December 2005..... 1,750,000.00 1,750,000.00 0.00 1,723,708.74
January 2006...... 1,750,000.00 1,750,000.00 0.00 1,364,357.25
February 2006..... 1,750,000.00 1,750,000.00 0.00 1,011,379.26
March 2006........ 1,750,000.00 1,750,000.00 0.00 664,670.15
April 2006........ 1,750,000.00 1,750,000.00 0.00 324,126.98
May 2006.......... 1,750,000.00 1,750,000.00 0.00 0.00
June 2006......... 1,750,000.00 1,750,000.00 0.00 0.00
July 2006......... 1,750,000.00 1,750,000.00 0.00 0.00
August 2006....... 1,750,000.00 1,750,000.00 0.00 0.00
September 2006.... 1,750,000.00 1,750,000.00 0.00 0.00
October 2006...... 1,750,000.00 1,750,000.00 0.00 0.00
November 2006..... 1,750,000.00 1,750,000.00 0.00 0.00
December 2006..... 1,750,000.00 1,750,000.00 0.00 0.00
January 2007...... 1,750,000.00 1,750,000.00 0.00 0.00
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A8 Class 2-A9 Class 2-A10 Class 2-A11
- ------------------ -------------- -------------- -------------- --------------
February 2007..... $ 1,750,000.00 $ 1,750,000.00 $ 0.00 $ 0.00
March 2007........ 1,750,000.00 1,750,000.00 0.00 0.00
April 2007........ 1,750,000.00 1,750,000.00 0.00 0.00
May 2007.......... 1,750,000.00 1,750,000.00 0.00 0.00
June 2007......... 1,750,000.00 1,750,000.00 0.00 0.00
July 2007......... 1,750,000.00 1,750,000.00 0.00 0.00
August 2007....... 1,750,000.00 1,750,000.00 0.00 0.00
September 2007.... 1,750,000.00 1,750,000.00 0.00 0.00
October 2007...... 1,750,000.00 1,750,000.00 0.00 0.00
November 2007..... 1,750,000.00 1,750,000.00 0.00 0.00
December 2007..... 1,750,000.00 1,750,000.00 0.00 0.00
January 2008...... 1,750,000.00 1,750,000.00 0.00 0.00
February 2008..... 1,750,000.00 1,750,000.00 0.00 0.00
March 2008........ 1,750,000.00 1,750,000.00 0.00 0.00
April 2008........ 1,750,000.00 1,750,000.00 0.00 0.00
May 2008.......... 1,750,000.00 1,750,000.00 0.00 0.00
June 2008......... 1,750,000.00 1,750,000.00 0.00 0.00
July 2008......... 1,750,000.00 1,750,000.00 0.00 0.00
August 2008....... 1,750,000.00 1,750,000.00 0.00 0.00
September 2008.... 1,750,000.00 1,750,000.00 0.00 0.00
October 2008...... 1,750,000.00 1,750,000.00 0.00 0.00
November 2008..... 1,750,000.00 1,750,000.00 0.00 0.00
December 2008..... 1,750,000.00 1,750,000.00 0.00 0.00
January 2009...... 1,750,000.00 1,750,000.00 0.00 0.00
February 2009..... 1,750,000.00 1,750,000.00 0.00 0.00
March 2009........ 1,750,000.00 1,750,000.00 0.00 0.00
April 2009........ 1,750,000.00 1,750,000.00 0.00 0.00
May 2009.......... 1,750,000.00 1,750,000.00 0.00 0.00
June 2009......... 1,750,000.00 1,750,000.00 0.00 0.00
July 2009......... 1,750,000.00 1,750,000.00 0.00 0.00
August 2009....... 1,750,000.00 1,750,000.00 0.00 0.00
September 2009.... 1,750,000.00 1,750,000.00 0.00 0.00
October 2009...... 1,750,000.00 1,750,000.00 0.00 0.00
November 2009..... 1,750,000.00 1,750,000.00 0.00 0.00
December 2009..... 1,750,000.00 1,750,000.00 0.00 0.00
January 2010...... 1,750,000.00 1,750,000.00 0.00 0.00
February 2010..... 1,750,000.00 1,750,000.00 0.00 0.00
March 2010........ 1,603,935.78 1,603,935.78 0.00 0.00
April 2010........ 1,451,290.83 1,451,290.83 0.00 0.00
May 2010.......... 1,301,094.03 1,301,094.03 0.00 0.00
June 2010......... 1,153,307.36 1,153,307.36 0.00 0.00
July 2010......... 1,007,893.38 1,007,893.38 0.00 0.00
August 2010....... 864,815.21 864,815.21 0.00 0.00
September 2010.... 724,036.55 724,036.55 0.00 0.00
October 2010...... 585,521.63 585,521.63 0.00 0.00
November 2010..... 449,235.26 449,235.26 0.00 0.00
December 2010..... 315,142.76 315,142.76 0.00 0.00
January 2011...... 183,209.99 183,209.99 0.00 0.00
February 2011..... 53,403.33 53,403.33 0.00 0.00
March 2011........ 0.00 0.00 0.00 0.00
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A12 Class 2-A14 Class 2-A15 Class 2-A16
- ------------------ -------------- -------------- -------------- --------------
Initial Balance... $ 5,375,000.00 $ 2,491,000.00 $ 2,491,000.00 $ 2,492,000.00
July 1998......... 5,289,397.25 2,491,000.00 2,491,000.00 2,492,000.00
August 1998....... 5,179,699.91 2,491,000.00 2,491,000.00 2,492,000.00
September 1998.... 5,045,970.02 2,491,000.00 2,491,000.00 2,492,000.00
October 1998...... 4,888,261.50 2,491,000.00 2,491,000.00 2,492,000.00
November 1998..... 4,706,661.93 2,491,000.00 2,491,000.00 2,492,000.00
December 1998..... 4,501,292.62 2,491,000.00 2,491,000.00 2,492,000.00
January 1999...... 4,272,308.68 2,491,000.00 2,491,000.00 2,492,000.00
February 1999..... 4,019,898.95 2,491,000.00 2,491,000.00 2,492,000.00
March 1999........ 3,744,285.86 2,491,000.00 2,491,000.00 2,492,000.00
April 1999........ 3,445,725.29 2,491,000.00 2,491,000.00 2,492,000.00
May 1999.......... 3,124,506.23 2,491,000.00 2,491,000.00 2,492,000.00
June 1999......... 2,780,950.45 2,491,000.00 2,491,000.00 2,492,000.00
July 1999......... 2,415,412.04 2,491,000.00 2,491,000.00 2,492,000.00
August 1999....... 2,028,276.90 2,491,000.00 2,491,000.00 2,492,000.00
September 1999.... 1,619,962.18 2,491,000.00 2,491,000.00 2,492,000.00
October 1999...... 1,190,915.51 2,491,000.00 2,491,000.00 2,492,000.00
November 1999..... 741,614.36 2,491,000.00 2,491,000.00 2,492,000.00
December 1999..... 272,565.13 2,491,000.00 2,491,000.00 2,492,000.00
January 2000...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
February 2000..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
March 2000........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
April 2000........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
May 2000.......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
June 2000......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
July 2000......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
August 2000....... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
September 2000.... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
October 2000...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
November 2000..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
December 2000..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
January 2001...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
February 2001..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
March 2001........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
April 2001........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
May 2001.......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
June 2001......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
July 2001......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
August 2001....... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
September 2001.... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
October 2001...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
November 2001..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
December 2001..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
January 2002...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
February 2002..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
March 2002........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
April 2002........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
May 2002.......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
June 2002......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
July 2002......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
August 2002....... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
September 2002.... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A12 Class 2-A14 Class 2-A15 Class 2-A16
- ------------------ -------------- -------------- -------------- --------------
October 2002...... $ 0.00 $ 2,491,000.00 $ 2,491,000.00 $ 2,492,000.00
November 2002..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
December 2002..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
January 2003...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
February 2003..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
March 2003........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
April 2003........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
May 2003.......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
June 2003......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
July 2003......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
August 2003....... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
September 2003.... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
October 2003...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
November 2003..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
December 2003..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
January 2004...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
February 2004..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
March 2004........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
April 2004........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
May 2004.......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
June 2004......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
July 2004......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
August 2004....... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
September 2004.... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
October 2004...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
November 2004..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
December 2004..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
January 2005...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
February 2005..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
March 2005........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
April 2005........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
May 2005.......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
June 2005......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
July 2005......... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
August 2005....... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
September 2005.... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
October 2005...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
November 2005..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
December 2005..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
January 2006...... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
February 2006..... 0.00 2,491,000.00 2,491,000.00 2,492,000.00
March 2006........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
April 2006........ 0.00 2,491,000.00 2,491,000.00 2,492,000.00
May 2006.......... 0.00 2,482,185.03 2,491,000.00 2,492,000.00
June 2006......... 0.00 2,202,436.76 2,491,000.00 2,492,000.00
July 2006......... 0.00 1,955,419.28 2,491,000.00 2,492,000.00
August 2006....... 0.00 1,712,657.70 2,491,000.00 2,492,000.00
September 2006.... 0.00 1,474,081.97 2,491,000.00 2,492,000.00
October 2006...... 0.00 1,239,623.12 2,491,000.00 2,492,000.00
November 2006..... 0.00 1,009,213.30 2,491,000.00 2,492,000.00
December 2006..... 0.00 782,785.75 2,491,000.00 2,492,000.00
January 2007...... 0.00 560,274.75 2,491,000.00 2,492,000.00
<PAGE>
Pool 2 TAC Balances
--------------------------------------------------------------------
Distribution Date Class 2-A12 Class 2-A14 Class 2-A15 Class 2-A16
- ------------------ -------------- -------------- -------------- --------------
February 2007..... $ 0.00 $ 341,615.68 $ 2,491,000.00 $ 2,492,000.00
March 2007........ 0.00 126,744.90 2,491,000.00 2,492,000.00
April 2007........ 0.00 0.00 2,406,599.84 2,492,000.00
May 2007.......... 0.00 0.00 2,199,118.90 2,492,000.00
June 2007......... 0.00 0.00 1,995,241.48 2,492,000.00
July 2007......... 0.00 0.00 1,817,759.72 2,492,000.00
August 2007....... 0.00 0.00 1,643,082.34 2,492,000.00
September 2007.... 0.00 0.00 1,471,166.11 2,492,000.00
October 2007...... 0.00 0.00 1,301,968.48 2,492,000.00
November 2007..... 0.00 0.00 1,135,447.54 2,492,000.00
December 2007..... 0.00 0.00 971,562.03 2,492,000.00
January 2008...... 0.00 0.00 810,271.30 2,492,000.00
February 2008..... 0.00 0.00 651,535.32 2,492,000.00
March 2008........ 0.00 0.00 495,314.67 2,492,000.00
April 2008........ 0.00 0.00 341,570.55 2,492,000.00
May 2008.......... 0.00 0.00 190,264.71 2,492,000.00
June 2008......... 0.00 0.00 41,359.52 2,492,000.00
July 2008......... 0.00 0.00 0.00 2,386,817.90
August 2008....... 0.00 0.00 0.00 2,242,603.34
September 2008.... 0.00 0.00 0.00 2,100,679.89
October 2008...... 0.00 0.00 0.00 1,961,012.15
November 2008..... 0.00 0.00 0.00 1,823,565.24
December 2008..... 0.00 0.00 0.00 1,688,304.83
January 2009...... 0.00 0.00 0.00 1,555,197.11
February 2009..... 0.00 0.00 0.00 1,424,208.78
March 2009........ 0.00 0.00 0.00 1,295,307.04
April 2009........ 0.00 0.00 0.00 1,168,459.60
May 2009.......... 0.00 0.00 0.00 1,043,634.67
June 2009......... 0.00 0.00 0.00 920,800.93
July 2009......... 0.00 0.00 0.00 799,927.54
August 2009....... 0.00 0.00 0.00 680,984.13
September 2009.... 0.00 0.00 0.00 563,940.79
October 2009...... 0.00 0.00 0.00 448,768.08
November 2009..... 0.00 0.00 0.00 335,437.00
December 2009..... 0.00 0.00 0.00 223,918.99
January 2010...... 0.00 0.00 0.00 114,185.92
February 2010..... 0.00 0.00 0.00 6,210.10
March 2010........ 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan number,
address of the Mortgaged Property, name of the Mortgagor and
Mortgage Pool. The following details shall be set forth as to
each Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the Loan-To-Value Ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Base Servicing Fee Rate for such
Mortgage Loan. Any Cooperative Loans shall be designated as
such.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007539463 MORTGAGORS: ROSEN PHILIP
ROSEN DIANE
REGION CODE ADDRESS : 87 ASHFORD DRIVE
00 CITY : SYOSSET
STATE/ZIP : NY 11791
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,683.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/22
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007582430 MORTGAGORS: FELICE ESTHER
SANTANDREU RAFAEL
REGION CODE ADDRESS : 11 HAMPTON ROAD
00 CITY : NORTH HEMPSTEAD
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,810.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 63.69565
----------------------------------------------------------------
0 0007666647 MORTGAGORS: PROFETA STEVEN
PROFETA MARY
REGION CODE ADDRESS : 4403 BUTTONWOOD COURT
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,322.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0007667934 MORTGAGORS: CANERO-DAVIES ANTONIA
REGION CODE ADDRESS : 2650 HILOLA STREET
01 CITY : MIAMI
STATE/ZIP : FL 33133
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,114.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.94736
----------------------------------------------------------------
0 0007670573 MORTGAGORS: NEMROFF ARTHUR
NEMROFF PHYLLIS
REGION CODE ADDRESS : 29357 GLENCOE RD
01 CITY : KENNEDYVILLE
STATE/ZIP : MD 21645
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,242,000.00
P & I AMT: 9,095.62
UPB AMT: 1,234,523.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670813 MORTGAGORS: BITTORIE JOHN
BITTORIE GLENDA
REGION CODE ADDRESS : 2218 HIDDEN WOODS BLVD
01 CITY : BEAVERCREEK
STATE/ZIP : OH 45431
MORTGAGE AMOUNT : 257,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,416.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.32300
----------------------------------------------------------------
0 0007670862 MORTGAGORS: WISEMAN MARY ANN
REGION CODE ADDRESS : 515 W. HOME RD.
01 CITY : SPRINGFIELD
STATE/ZIP : OH 45504
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,586.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.27700
----------------------------------------------------------------
0 0007670870 MORTGAGORS: NEWTON HERBERT
NEWTON CHERYL
REGION CODE ADDRESS : 808 SYCAMORE RIDGE CT
01 CITY : POWELL
STATE/ZIP : OH 43065
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,451.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.00000
----------------------------------------------------------------
0 0007670938 MORTGAGORS: BASTNAGEL JAMES
BASTNAGEL CHRISTI
REGION CODE ADDRESS : 1556 E 79TH ST
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46240
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670953 MORTGAGORS: WOLF LOUISE
FERENCZ JOHN
REGION CODE ADDRESS : 264 CHESTNUT HILL RD
01 CITY : NORWALK
STATE/ZIP : CT 06851
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,994.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,300.00
P & I AMT: 10,204.74
UPB AMT: 1,477,031.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670987 MORTGAGORS: DAVIS REGINA
MCGILL ARTHUR
REGION CODE ADDRESS : 1549 CRYSTAL LAKE DRIVE
01 CITY : PORTSMOUTH
STATE/ZIP : VA 23701
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,555.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671019 MORTGAGORS: SHLAFER ROMAN
REGION CODE ADDRESS : 32700 ROCK RIDGE
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48334
MORTGAGE AMOUNT : 606,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 605,097.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,237.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.45400
----------------------------------------------------------------
0 0007671100 MORTGAGORS: LUCCIA FRANK
REGION CODE ADDRESS : 518 CRESTWOOD DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77007
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,112.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.79400
----------------------------------------------------------------
0 0007671134 MORTGAGORS: CAHILL JOSEPH
SANTILLO CECELIA
REGION CODE ADDRESS : 90 MT VERNON RD
01 CITY : BLAIRSTOWN
STATE/ZIP : NJ 07825
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,690.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671324 MORTGAGORS: ZIMMITTI JONNIE
REGION CODE ADDRESS : 3299 K ST NW UNIT #504
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,858.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 716.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 45.45400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,500.00
P & I AMT: 10,597.50
UPB AMT: 1,496,314.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671464 MORTGAGORS: NEEL ROGER
RIGATTI TARA
REGION CODE ADDRESS : 4924 FAWN DELL ROAD
01 CITY : ROANOKE
STATE/ZIP : VA 24014
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,577.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007671498 MORTGAGORS: GILLILAND CHARLES
GILLILAND CHERYL
REGION CODE ADDRESS : 6768 CORNTASSEL LANE
01 CITY : ROANOKE
STATE/ZIP : VA 24018
MORTGAGE AMOUNT : 461,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,260.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,105.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.13559
----------------------------------------------------------------
0 0007671597 MORTGAGORS: LACERTE EDWARD
MEHRINGER-LACERTE MAUREEN
REGION CODE ADDRESS : 6 PHILLIPS DRIVE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,589.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.97900
----------------------------------------------------------------
0 0007671605 MORTGAGORS: CONNOLLY MICHAEL
REGION CODE ADDRESS : 812 KEARSARGE MOUNTAIN ROAD
01 CITY : WARNER
STATE/ZIP : NH 03278
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,501.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.43300
----------------------------------------------------------------
0 0007671688 MORTGAGORS: BRAMHALL JACQUES
MORALES ELAINE
REGION CODE ADDRESS : 14 MELROSE PLACE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,606.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.87600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,000.00
P & I AMT: 10,547.44
UPB AMT: 1,516,534.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671738 MORTGAGORS: LOS LAYNE
LOS THERESA
REGION CODE ADDRESS : 1 POPPY DRIVE
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 274,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,390.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671787 MORTGAGORS: HORNSTEIN JAYNE
REGION CODE ADDRESS : 900 NORTH STAFFORD STREET #1607
01 CITY : ARLINGTON
STATE/ZIP : VA 22203
MORTGAGE AMOUNT : 131,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,667.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 866.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0007671811 MORTGAGORS: YOUNG WARNER
YOUNG NADINE
REGION CODE ADDRESS : 2703 NORTH KEY BOULEVARD
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 355,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,356.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.08800
----------------------------------------------------------------
0 0007671944 MORTGAGORS: MEISER FREDERICK
MEISER DOROTHY
REGION CODE ADDRESS : 66 OAKHILL DRIVE
01 CITY : LITITZ
STATE/ZIP : PA 17543
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,418.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,266.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.52600
----------------------------------------------------------------
0 0007672009 MORTGAGORS: KLABEN GARY
KLABEN DEBRA
REGION CODE ADDRESS : 1220 136TH AVE.
01 CITY : UNION GROVE
STATE/ZIP : WI 53182
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,477.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,600.00
P & I AMT: 10,060.51
UPB AMT: 1,465,310.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672058 MORTGAGORS: AXELROD RANDI
MARCIANO JULIET
REGION CODE ADDRESS : 8809 HAWTHORNE LN
01 CITY : WYNDMOOR
STATE/ZIP : PA 19038
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,546.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0007672124 MORTGAGORS: DYER WALLACE
REGION CODE ADDRESS : 224 PEACHTREE BATTLE AVENUE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 748,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 746,886.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,230.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0007672165 MORTGAGORS: FELDMAN MARK
FELDMAN KIRSTEN
REGION CODE ADDRESS : 9 GROVE HILL AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 265,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,864.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98854
----------------------------------------------------------------
0 0007672181 MORTGAGORS: KYRIAKODIS STEPHANOS
KYRIAKODIS HELEN
REGION CODE ADDRESS : 308 MILL RACE LANE
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,179.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672223 MORTGAGORS: RUSSELL DEAN
RUSSELL KATE
REGION CODE ADDRESS : 4300 N. ELIZABETH LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30339
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,377.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,036.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.26300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,981,850.00
P & I AMT: 13,762.00
UPB AMT: 1,978,853.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672272 MORTGAGORS: QUINETTE STEVEN
QUINETTE CHRISTINE
REGION CODE ADDRESS : 554 W HIGHLAND STREET
01 CITY : GRAFTON
STATE/ZIP : WI 53024
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,556.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672439 MORTGAGORS: LEPISTO ROBERT
LEPISTO CATHERINE
REGION CODE ADDRESS : 10 PUEBLO ROAD
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,615.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.16800
----------------------------------------------------------------
0 0007672603 MORTGAGORS: PERRY JAMES
PERRY ANNA
REGION CODE ADDRESS : 3326 CRANMORE CHASE
01 CITY : MARIETTA
STATE/ZIP : GA 30066
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,589.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.58757
----------------------------------------------------------------
0 0007675630 MORTGAGORS: BALSHAW DAVID
BALSHAW JANE
REGION CODE ADDRESS : 1821 FIELDSTONE LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,007.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0007675838 MORTGAGORS: MCLAIN KEITH
MCLAIN DEBRA
REGION CODE ADDRESS : 32415 SOUTHEAST 58TH STREET
01 CITY : FALL CITY
STATE/ZIP : WA 98024
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,268.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,700.00
P & I AMT: 9,177.06
UPB AMT: 1,340,037.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675937 MORTGAGORS: WEI YANG
LI JUAN
REGION CODE ADDRESS : 490 QUIETWOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,740.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030656250 MORTGAGORS: SON CHONG
SON CHUNG
REGION CODE ADDRESS : 3 ELWOOD ROAD
01 CITY : NORTHPORT
STATE/ZIP : NY 11768
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,231.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030666150 MORTGAGORS: PRATHER DENNIS
PRATHER MARGARET
REGION CODE ADDRESS : 13002 NW 27TH COURT
01 CITY : VANCOUVER
STATE/ZIP : WA 98685
MORTGAGE AMOUNT : 215,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,804.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99259
----------------------------------------------------------------
0 0030771257 MORTGAGORS: SMALL RICHARD
SMALL CARIN
REGION CODE ADDRESS : 52 CHURCH ST
01 CITY : GUILFORD
STATE/ZIP : CT 06437
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,582.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030786826 MORTGAGORS: THOMPSON GRANT
THOMPSON ELIZABETH
REGION CODE ADDRESS : 42 E. MCCLELLAN AVENUE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,969.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,218,700.00
P & I AMT: 8,932.80
UPB AMT: 1,209,328.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030848626 MORTGAGORS: BERNSTEIN DEBBIE
REGION CODE ADDRESS : 336 LAGUNE DRIVE WEST
01 CITY : LIDO BEACH
STATE/ZIP : NY 11561
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,740.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0030876452 MORTGAGORS: MASTY JOHN
MASTY SUE
REGION CODE ADDRESS : 1411 ROYAL OAK DRIVE
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,788.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.25500
----------------------------------------------------------------
0 0030882948 MORTGAGORS: NADREAU DONALD
ALMSTROM BETH
REGION CODE ADDRESS : LOT 2-2 HILLIARD ROAD
01 CITY : KENSINGTON
STATE/ZIP : NH 03833
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,215.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.77000
----------------------------------------------------------------
0 0030896229 MORTGAGORS: PIETZ ROBERT
PIETZ CHARLOTTE
REGION CODE ADDRESS : 5870 ETTINGTON DRIVE
01 CITY : SUWANEE
STATE/ZIP : GA 30174
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,788.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.25800
----------------------------------------------------------------
0 0030933501 MORTGAGORS: ABBOTT MARTIN
ABBOTT DOROTA
REGION CODE ADDRESS : 9 SERENDIPITY LANE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 466,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,574.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,788,700.00
P & I AMT: 12,930.69
UPB AMT: 1,778,108.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945372 MORTGAGORS: WALSH DAVID
ANDERSON-WALSH KAREN
REGION CODE ADDRESS : 7349 GARDENVIEW DRIVE
01 CITY : ELKRIDGE
STATE/ZIP : MD 21227
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,456.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960470 MORTGAGORS: MARENGI JOSEPH
MARENGI KAREN
REGION CODE ADDRESS : 8211 NAVIDAD DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 573,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,272.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,863.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0030988281 MORTGAGORS: CHATTERJEE SUBHAJIT
CHATTERJEE BALLARI
REGION CODE ADDRESS : 5 JENNIFER LANE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 306,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98416
----------------------------------------------------------------
0 0031044969 MORTGAGORS: HOPPER STANLEY
HOPPER ROXANNE
REGION CODE ADDRESS : 3446 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 286,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,053.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99800
----------------------------------------------------------------
0 0031047004 MORTGAGORS: BUTLER ANN
REGION CODE ADDRESS : 3389 HERONS GATE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23452
MORTGAGE AMOUNT : 221,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,353.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,569.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.47600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,550.00
P & I AMT: 11,584.27
UPB AMT: 1,633,036.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052525 MORTGAGORS: MUSMANNO CHRISTOPHER
MUSMANNO LETICIA
REGION CODE ADDRESS : 16 CONDIT STREET
01 CITY : ROXBURY TOWNSHIP
STATE/ZIP : NJ 07876
MORTGAGE AMOUNT : 224,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,251.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,531.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00700
----------------------------------------------------------------
0 0031054984 MORTGAGORS: SEARS JOEL
SEARS JENNIFER
REGION CODE ADDRESS : 1750 WYNDHAM DRIVE SOUTH
01 CITY : YORK
STATE/ZIP : PA 17403
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,970.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.94589
----------------------------------------------------------------
0 0031061534 MORTGAGORS: DANIELS KENNETH
DANIELS LORRAINE
REGION CODE ADDRESS : 9111 ASHLEY ROAD
01 CITY : YORKVILLE
STATE/ZIP : IL 60560
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,642.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.25641
----------------------------------------------------------------
0 0031062482 MORTGAGORS: KELLY MICHAEL
SIMMONS-KELLY JOY
REGION CODE ADDRESS : 5355 IVYWOOD DRIVE NORTH
01 CITY : FREDERICK
STATE/ZIP : MD 21703
MORTGAGE AMOUNT : 226,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,120.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031107717 MORTGAGORS: SNYDER MATTHEW
SNYDER MICHELLE
REGION CODE ADDRESS : 18 LENAPE TRAIL A/K/A TYLER COURT
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,741.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,600.00
P & I AMT: 9,976.38
UPB AMT: 1,383,726.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031108749 MORTGAGORS: ROBERTS CARTER
ROBERTS JACKSON
REGION CODE ADDRESS : 4830 TILDEN STREET, NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,575.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,974.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031110943 MORTGAGORS: HUMPHREY WILLIAM
RUSSO MARY
REGION CODE ADDRESS : 563 SPOLETO DRIVE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 992,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 987,622.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,021.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 62.00000
----------------------------------------------------------------
0 0031112006 MORTGAGORS: PERRY ELIZABETH
REGION CODE ADDRESS : 119 HURON AVENUE, UNIT B
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,058.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,510.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 48.40000
----------------------------------------------------------------
0 0031113244 MORTGAGORS: NEY KATHRYN
REGION CODE ADDRESS : 3024 MARTIN'S POINT ROAD
01 CITY : KITTY HAWK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,687.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.94900
----------------------------------------------------------------
0 0031115751 MORTGAGORS: HITCHCOCK DEBORAH
GERTNER SCOTT
REGION CODE ADDRESS : 3 INDIAN HILL ROAD
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,274.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,353,000.00
P & I AMT: 16,388.04
UPB AMT: 2,336,219.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031121528 MORTGAGORS: DE RAVEL D'ESCLAPON PIERRE
DE RAVEL D'ESLCAPON CAROLINE
REGION CODE ADDRESS : 135 MEETINGHOUSE LANE
01 CITY : AMAGANSETT
STATE/ZIP : NY 11930
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,963.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031124241 MORTGAGORS: BRENNAN STEVEN
BRENNAN SUSAN
REGION CODE ADDRESS : 495 FORREST PARK CIRCLE
01 CITY : FRANKLIN
STATE/ZIP : TN 37064
MORTGAGE AMOUNT : 224,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,568.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031125529 MORTGAGORS: BAUER JOHN
WEAVER PENNY
REGION CODE ADDRESS : 4309 RESERVOIR LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23234
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,360.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031128473 MORTGAGORS: MCCMULLIN MARK
MCCMULLIN JULIET
REGION CODE ADDRESS : 8 CORNELL COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,952.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,572.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031130206 MORTGAGORS: HUGHES JAMES
HUGHES MARIAN
REGION CODE ADDRESS : 34142 STREET OF THE CRYSTAL LANTERN
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,377.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.62900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,550.00
P & I AMT: 11,065.95
UPB AMT: 1,552,258.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031139793 MORTGAGORS: MC KENZIE KEN
LITTLEFIELD LISELOTTE
REGION CODE ADDRESS : 211 COLONIAL HOMES DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,131.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.67800
----------------------------------------------------------------
0 0031142748 MORTGAGORS: FITZGERALD LEONARD
REGION CODE ADDRESS : 260 W CREEK ROAD
01 CITY : KERRVILLE
STATE/ZIP : TX 78028
MORTGAGE AMOUNT : 217,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,455.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 48.33300
----------------------------------------------------------------
0 0031146665 MORTGAGORS: LOUDEN ROBERT
LOUDEN MARILYN
REGION CODE ADDRESS : 440 CANOPY COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,130.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031148554 MORTGAGORS: O'BRIEN PATRICIA
REGION CODE ADDRESS : HC 75 BOX 313
01 CITY : LAMY
STATE/ZIP : NM 87540
MORTGAGE AMOUNT : 582,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,901.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,119.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.57800
----------------------------------------------------------------
0 0031149495 MORTGAGORS: DUPUY HARVEY
DUPUY RENEE
REGION CODE ADDRESS : 7208 DILLON COURT
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,809.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,800.00
P & I AMT: 10,600.63
UPB AMT: 1,494,428.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031150634 MORTGAGORS: MEYER DAVID
MEYER LESLIE
REGION CODE ADDRESS : 9925 ARKLA PUMP STATION RD.
01 CITY : VIVIAN
STATE/ZIP : LA 71082
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,430.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.69200
----------------------------------------------------------------
0 0031155369 MORTGAGORS: KELLY ROBERT
KELLY BARBARA
REGION CODE ADDRESS : 10000 ROBINDALE CT
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 497,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,929.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,480.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.10800
----------------------------------------------------------------
0 0031155500 MORTGAGORS: ADKINS KEITH
ADKINS KIMBERLY
REGION CODE ADDRESS : 10201 THUNDERCLOUD COURT
01 CITY : SPRINGDALE
STATE/ZIP : MD 20774
MORTGAGE AMOUNT : 218,025.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,448.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.79300
----------------------------------------------------------------
0 0031159379 MORTGAGORS: BAYDALINE ANDRE
BAYDALINE MARY JANE
REGION CODE ADDRESS : 494 ROYALVIEW STREET
01 CITY : DUARTE
STATE/ZIP : CA 91010
MORTGAGE AMOUNT : 217,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,470.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031162308 MORTGAGORS: HALEY JAMES
HALEY BARBARA
REGION CODE ADDRESS : 2712 199TH AVENUE EAST
01 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,729.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.16200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,275.00
P & I AMT: 9,752.96
UPB AMT: 1,367,009.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031162837 MORTGAGORS: TURNER MARION
TURNER NANCY
REGION CODE ADDRESS : 1902 HOLLY'S WAY
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 223,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,986.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,484.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031166838 MORTGAGORS: TRICKETT JOHN
TRICKETT MARY
REGION CODE ADDRESS : 81 MARA LANE
01 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,576.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,227.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.24100
----------------------------------------------------------------
0 0031181548 MORTGAGORS: CARLYLE TERRY
CARLYLE JOANNE
REGION CODE ADDRESS : 101 SOUTH TAMILYNN CIRCLE
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,342.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031195753 MORTGAGORS: ATKINSON WILLIAM
ATKINSON JENNIFER
REGION CODE ADDRESS : 130 MERCED AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 79.01200
----------------------------------------------------------------
0 0031200637 MORTGAGORS: CAMPBELL RONALD
CAMPBELL BERNADETTE
REGION CODE ADDRESS : 12307 A& B SHADYVIEW DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78758
MORTGAGE AMOUNT : 135,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,279.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 985.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,080,300.00
P & I AMT: 7,747.27
UPB AMT: 1,076,970.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031204985 MORTGAGORS: RIGGS KEVIN
RIGGS IRIS
REGION CODE ADDRESS : #2 SANTA ANA COURT
01 CITY : ODESSA
STATE/ZIP : TX 79765
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,004.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031211196 MORTGAGORS: WOODS LEE
REGION CODE ADDRESS : 5330-32 LOCH LOMOND DRIVE
01 CITY : MEMPHIS
STATE/ZIP : TN 38116
MORTGAGE AMOUNT : 53,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 53,443.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 370.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.95500
----------------------------------------------------------------
0 0031211600 MORTGAGORS: NASH JOSEPH
REGION CODE ADDRESS : 5151 YUMA STREET N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 621,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 620,424.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,454.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031215205 MORTGAGORS: HERNANDEZ FRANK
HERNANDEZ LAURA
REGION CODE ADDRESS : 6450 SCOTTS VALLEY DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,486.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.46100
----------------------------------------------------------------
0 0031215676 MORTGAGORS: SCHROEDER JOHN
SCHROEDER JOANNE
REGION CODE ADDRESS : 22621 MANALASTAS DRIVE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,440.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,700.00
P & I AMT: 10,322.20
UPB AMT: 1,459,800.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031232473 MORTGAGORS: LIBESKIND IRWIN
LIBESKIND CELA
REGION CODE ADDRESS : 6 MASSASOIT STREET
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,467.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031232978 MORTGAGORS: UZZELL JOHN
DAVIS DEBORAH
REGION CODE ADDRESS : 12244 QUINCE VALLEY DRIVE
01 CITY : NORTH POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 222,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,624.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031234891 MORTGAGORS: GROSICKI GARY
REGION CODE ADDRESS : 12825 DOGWOOD HILLS LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 223,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,177.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,508.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031237191 MORTGAGORS: WANG STEPHEN
LAU LYDIA
REGION CODE ADDRESS : 111 NORTHCREST DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,396.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.88900
----------------------------------------------------------------
0 0031237373 MORTGAGORS: CALLINAN NICHOLAS
REGION CODE ADDRESS : 63 COPPERMINE ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,410.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 33.33800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,350.00
P & I AMT: 9,191.66
UPB AMT: 1,325,076.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031237985 MORTGAGORS: RAKESTRAW MICHAEL
REGION CODE ADDRESS : 1061-1067 GLENNEYRE STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 309,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,648.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031238504 MORTGAGORS: PETERSIL LEE
FREED-PETERSIL LESLIE
REGION CODE ADDRESS : 4950 BEN AVENUE
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,103.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.90800
----------------------------------------------------------------
0 0031240039 MORTGAGORS: MARIANI POLLY
MARIANI ERIC
REGION CODE ADDRESS : 913 W. WEBSTER
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031241474 MORTGAGORS: NICOLL GREGORY
NICOLL DEIRDRE
REGION CODE ADDRESS : 450 MOUNTAIN AVENUE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,289.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031241730 MORTGAGORS: SULLIVAN SCOTT
SULLIVAN EILEEN
REGION CODE ADDRESS : 1 NEWFOUND ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 293,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,784.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,050.00
P & I AMT: 10,651.88
UPB AMT: 1,514,230.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031242829 MORTGAGORS: HAWLEY HERBERT
REGION CODE ADDRESS : 17 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 263,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,287.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0031245137 MORTGAGORS: GLAZE RICHARD
REGION CODE ADDRESS : 51 STERLING AVENUE
01 CITY : WEEHAWKEN
STATE/ZIP : NJ 07087
MORTGAGE AMOUNT : 283,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,999.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031247323 MORTGAGORS: YOUNG JEFFREY
YOUNG TERRY
REGION CODE ADDRESS : 2812 BRAINARD ROAD
01 CITY : PEPPER PIKE
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.72100
----------------------------------------------------------------
0 0031247521 MORTGAGORS: JESSE JONATHON
JESSE LOUISE
REGION CODE ADDRESS : 120 E. TRILLIUM COURT
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,989.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.27900
----------------------------------------------------------------
0 0031248172 MORTGAGORS: MENTE JAMES
MENTE JEANNE
REGION CODE ADDRESS : 2119 BRIDGEPORT WAY
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,170.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,500.00
P & I AMT: 11,137.50
UPB AMT: 1,590,446.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031249188 MORTGAGORS: AYLES HONORIA
AYLES DAVID
REGION CODE ADDRESS : 87 RANDOLPH STREET
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,251.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.23000
----------------------------------------------------------------
0 0031250004 MORTGAGORS: PERRITT HENRY
BERGMANN MITCHELL
REGION CODE ADDRESS : 1131 CAROL LANE
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,892.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.89500
----------------------------------------------------------------
0 0031254816 MORTGAGORS: SAVAGE JUDITH
REGION CODE ADDRESS : 3257 BLAIR DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90028
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,747.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.52300
----------------------------------------------------------------
0 0031255722 MORTGAGORS: WELLS LUTHER
WELLS JOYCE
REGION CODE ADDRESS : 10400 KINGSBRIDGE ROAD
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,980.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 37.00000
----------------------------------------------------------------
0 0031257850 MORTGAGORS: LAHEY KENNETH
LAHEY MARLA
REGION CODE ADDRESS : 13602 NORTHWEST 47TH AVENUE
01 CITY : VANCOUVER
STATE/ZIP : WA 98685
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,342.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,923,150.00
P & I AMT: 13,167.31
UPB AMT: 1,919,321.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031261589 MORTGAGORS: CRANE RICHARD
HOLLAND CLAUDIA
REGION CODE ADDRESS : LOT 012.031 DUNE ALPIN FARM
01 CITY : E. HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,552.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.44444
----------------------------------------------------------------
0 0031262462 MORTGAGORS: BAIZE DENNIS
BAIZE SUSAN
REGION CODE ADDRESS : 3 VILLAGE LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,797.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 88.98000
----------------------------------------------------------------
0 0031264542 MORTGAGORS: HARTMAN WILLIAM
HARTMAN JANET
REGION CODE ADDRESS : 26 HELENA DRIVE
01 CITY : CHAPPAQUA
STATE/ZIP : NY 10514
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,669.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,004.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.67800
----------------------------------------------------------------
0 0031266455 MORTGAGORS: MUNLEY DEAN
ALLEN-MUNLEY CHERYL
REGION CODE ADDRESS : 72 BISSEL ROAD
01 CITY : TEWKSBURY
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,692.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.89200
----------------------------------------------------------------
0 0031266869 MORTGAGORS: BENNETT RICHARD
BENNETT CYNTHIA
REGION CODE ADDRESS : 18162 PEPPERGROVE STREET
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,030.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.09600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,798,500.00
P & I AMT: 12,465.33
UPB AMT: 1,795,742.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031268832 MORTGAGORS: WELLS T
WELLS PENNY
REGION CODE ADDRESS : 17211 N 79TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,257.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031270911 MORTGAGORS: APPLETON JAMES
EGARIAN MARJORIE
REGION CODE ADDRESS : 139 SEABROOK ROAD
01 CITY : LAMBERTVILLE
STATE/ZIP : NJ 08530
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,413.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031274343 MORTGAGORS: PARKER ANDREW
PARKER JOAN
REGION CODE ADDRESS : 6308 MOUNTAIN BRANCH CT.
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 505,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,810.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,445.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.33300
----------------------------------------------------------------
0 0031274517 MORTGAGORS: KELTY PETER
KELTY FOWZIYA
REGION CODE ADDRESS : 1001 N. MARION STREET
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 203,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,440.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.98300
----------------------------------------------------------------
0 0031275852 MORTGAGORS: RUTZ J. THOMAS
VERLEUR DENISE
REGION CODE ADDRESS : 48A POND ROAD
01 CITY : SHELBURNE
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 443,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,679.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,135.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,500.00
P & I AMT: 12,302.93
UPB AMT: 1,796,661.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031277536 MORTGAGORS: ENNIS BRUCE
ENNIS EMILY
REGION CODE ADDRESS : 4518 KLINGLE STREET, N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,469.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.03900
----------------------------------------------------------------
0 0031278427 MORTGAGORS: QUINN DAVID
QUINN MARY
REGION CODE ADDRESS : 705 CEDAR HILL ROAD
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,861.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031278674 MORTGAGORS: HODGES GERALD
HODGES LISA
REGION CODE ADDRESS : 11711 VIRGINIA PINE DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 221,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,543.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031279680 MORTGAGORS: LAPORTE LEO
LAPORTE MARGARET
REGION CODE ADDRESS : 430 NIMITZ AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,740.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.57600
----------------------------------------------------------------
0 0031279979 MORTGAGORS: LEVISS EVAN
LEVISS KATHERINE
REGION CODE ADDRESS : 215 SEA MEADOW DRIVE
01 CITY : PORTSMOUTH
STATE/ZIP : RI 02871
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,591.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,750.00
P & I AMT: 12,080.31
UPB AMT: 1,751,206.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031280076 MORTGAGORS: WILLINGHAM RONALD
WILLINGHAM JUNE
REGION CODE ADDRESS : 976 FAIRWAY COURT
01 CITY : MONROE
STATE/ZIP : GA 30655
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,716.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.63600
----------------------------------------------------------------
0 0031282395 MORTGAGORS: PARK MICHAEL
PARK PERLA
REGION CODE ADDRESS : 10409 OKLAHOMA AVENUE
01 CITY : CHATSWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 443,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,627.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,910.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.28500
----------------------------------------------------------------
0 0031283856 MORTGAGORS: RYAN BERNARD
RYAN LEE
REGION CODE ADDRESS : 7711 CORTE VIOLETA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,626.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.06300
----------------------------------------------------------------
0 0031284011 MORTGAGORS: DAVIS DAVID
DAVIS ANDREA
REGION CODE ADDRESS : 26080 TALAMORE DRIVE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,709.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031288012 MORTGAGORS: ROBSON RANDY
ROBSON NANCE
REGION CODE ADDRESS : 3977 SUNSETRIDGE ROAD
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,462.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,600.00
P & I AMT: 10,453.72
UPB AMT: 1,529,143.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031288178 MORTGAGORS: BRADLEY CHARLES
BRADLEY PATRICIA
REGION CODE ADDRESS : 13107A SHANEYBROOK CIRCLE
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,730.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.29800
----------------------------------------------------------------
0 0031289135 MORTGAGORS: TURECKI STANLEY
TURECKI SUSAN
REGION CODE ADDRESS : 130 WEST 86TH ST. #13A
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.43400
----------------------------------------------------------------
0 0031290224 MORTGAGORS: WOLK MICHAEL
WOLK SANDRA
REGION CODE ADDRESS : 10665 CANTERBERRY ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,373.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031290984 MORTGAGORS: WOLFF PATRICK
WOLFF MARITA
REGION CODE ADDRESS : 91 DURAND ROAD
01 CITY : MAPLEWOOD
STATE/ZIP : NJ 07040
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.58300
----------------------------------------------------------------
0 0031291040 MORTGAGORS: TURBIVILLE SHARON
REGION CODE ADDRESS : RURAL ROUTE 3, BOX 200
01 CITY : JOLIET
STATE/ZIP : MT 59041
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,856.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,250.00
P & I AMT: 10,741.92
UPB AMT: 1,567,960.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031291081 MORTGAGORS: OSLUND EDWARD
REGION CODE ADDRESS : 83 CLEAR POND DR UNIT#83
01 CITY : WALPOLE
STATE/ZIP : MA 02081
MORTGAGE AMOUNT : 196,892.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,756.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,427.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031292642 MORTGAGORS: SALMON LENWORTH
PYNE JANICE
REGION CODE ADDRESS : 1043-49 HILLSIDE AVENUE
01 CITY : PLAINFIELD
STATE/ZIP : NJ 07062
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,074.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031293855 MORTGAGORS: MOCARSKY JEFFREY
MOCARSKY LUZ J
REGION CODE ADDRESS : 3800 DIAMOND HILL ROAD
01 CITY : CUMBERLAND
STATE/ZIP : RI 02864
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,230.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.56250
----------------------------------------------------------------
0 0031295512 MORTGAGORS: MC MAHON MICHAEL
MC MAHON CYNTHIA
REGION CODE ADDRESS : 1609 ASHLAND AVE
01 CITY : FORT WORTH
STATE/ZIP : TX 76107
MORTGAGE AMOUNT : 242,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,028.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.84200
----------------------------------------------------------------
0 0031299563 MORTGAGORS: TROOP ANDREW
SUSSMAN ANDREA
REGION CODE ADDRESS : 12 DEER POND ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,342.00
P & I AMT: 9,361.94
UPB AMT: 1,334,479.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031300874 MORTGAGORS: CONOVER JOHN
REGION CODE ADDRESS : 647 QUAIL GARDENS DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 370,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,247.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.21400
----------------------------------------------------------------
0 0031302375 MORTGAGORS: CAWLEY PETER
CAWLEY LESLIE
REGION CODE ADDRESS : 17 GAULT AVENUE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,340.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,983.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.60000
----------------------------------------------------------------
0 0031303258 MORTGAGORS: NICHOLS DAVID
NICHOLS YUMIKO
REGION CODE ADDRESS : 138 LYONS ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,963.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031304843 MORTGAGORS: KENT DAVID
KENT MARGARET
REGION CODE ADDRESS : 316 EAST BUENA VISTA STREET
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 860,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 858,212.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,235.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 65.64800
----------------------------------------------------------------
0 0031307648 MORTGAGORS: MC WEENEY JOSEPH
MC WEENEY DOROTHY
REGION CODE ADDRESS : 9 BATTLEGREEN ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 225,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,319.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.19200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,183,700.00
P & I AMT: 15,283.52
UPB AMT: 2,180,084.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031308562 MORTGAGORS: TANNER CHARLES
TANNER DIANNE
REGION CODE ADDRESS : 15 DRAWBRIDGE LANE
01 CITY : GRAND ISLE
STATE/ZIP : VT 05458
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,616.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.68700
----------------------------------------------------------------
0 0031309891 MORTGAGORS: GALA DENNIS
GALA BARBARA
REGION CODE ADDRESS : 212 PINERIDGE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 109,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,845.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 780.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 65.26900
----------------------------------------------------------------
0 0031310600 MORTGAGORS: MATTHEWS WILLIAM
LOW JOHN
REGION CODE ADDRESS : 7868 WEST LILAC ROAD
01 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,479.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,941.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031311749 MORTGAGORS: O'BRIEN TERENCE
WAITE-O'BRIEN NANCY
REGION CODE ADDRESS : 463 VERADA DEL NORTE
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,630.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.36200
----------------------------------------------------------------
0 0031312382 MORTGAGORS: FICKLIN VERNON
FICKLIN DORA
REGION CODE ADDRESS : 20 VALLEY VIEW COURT
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.62500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,761,000.00
P & I AMT: 12,017.28
UPB AMT: 1,758,337.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031313158 MORTGAGORS: DOMINO MICHAEL
DOMINO ELIZABETH
REGION CODE ADDRESS : 1097 STUART ROAD
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,698.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 45.00000
----------------------------------------------------------------
0 0031314073 MORTGAGORS: KINSLEY TINA
KINSLEY MICHAEL
REGION CODE ADDRESS : 100 SWEET BAY DRIVE
01 CITY : KATHLEEN
STATE/ZIP : GA 31047
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,314.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031314305 MORTGAGORS: NOONAN DONALD
REGION CODE ADDRESS : 9 CLOVERLY CIRCLE
01 CITY : NORWALK
STATE/ZIP : CT 06855
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,794.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031314370 MORTGAGORS: BURT JOSEPH
REGION CODE ADDRESS : 12759 EAST RANCHO ESTATES PLACE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 278,169.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,744.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031314446 MORTGAGORS: KIRBY WILLIAM
KIRBY PAMELA
REGION CODE ADDRESS : 515 ELMWOOD
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,788.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 32.12100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,169.00
P & I AMT: 11,158.29
UPB AMT: 1,581,339.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031320419 MORTGAGORS: VACCARI WILLIAM
VACCARI DONNA
REGION CODE ADDRESS : 116 SPENCER AVENUE
01 CITY : CHELSEA
STATE/ZIP : MA 02150
MORTGAGE AMOUNT : 120,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,433.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 874.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031324536 MORTGAGORS: ANTIOCO JOHN
REGION CODE ADDRESS : 3831 TURTLE CREEK BLVD #19BC
01 CITY : DALLAS
STATE/ZIP : TX 75219
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,052.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031325269 MORTGAGORS: CHRISTENSEN ERIC
CHRISTENSEN GEORGETTA
REGION CODE ADDRESS : 958 NORTH OGDEN
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,044.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,218.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031326770 MORTGAGORS: JEFFERSON RANDOLPH
JEFFERSON LILLIAN
REGION CODE ADDRESS : 350 SURFVIEW DRIVE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 537,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,637.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,621.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.43900
----------------------------------------------------------------
0 0031327471 MORTGAGORS: LEVI RAYMOND
LEVI SANDRA
REGION CODE ADDRESS : 1517 MONARCH CIRCLE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,035.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,902,850.00
P & I AMT: 13,202.03
UPB AMT: 1,899,204.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031327752 MORTGAGORS: METTLER MICHAEL
METTLER ELENA
REGION CODE ADDRESS : 40 SILO HILL ROAD
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.96800
----------------------------------------------------------------
0 0031328925 MORTGAGORS: TOBIN ROBERT
REGION CODE ADDRESS : 58 JUNIPER ROAD
01 CITY : KINGS PARK
STATE/ZIP : NY 11754
MORTGAGE AMOUNT : 99,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,333.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 729.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031329824 MORTGAGORS: MARMER IGOR
KEUSH VIKTORIYA
REGION CODE ADDRESS : 21 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 270,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,827.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031329923 MORTGAGORS: COX JOYCE MARIE
COX TAZEWELL
REGION CODE ADDRESS : 1545 ASHFORD CLUB COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,467.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031329949 MORTGAGORS: TURLEY WILLIAM
TURLEY DOROTHY
REGION CODE ADDRESS : 1857 KAMEO DRIVE
01 CITY : OMAHA
STATE/ZIP : NE 68122
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,629.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,174,650.00
P & I AMT: 8,266.51
UPB AMT: 1,172,810.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031331002 MORTGAGORS: WEINMANN FRED
WEINMANN CAROLINE
REGION CODE ADDRESS : ROGERS ROAD
01 CITY : EAST RUPERT
STATE/ZIP : VT 05768
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,300.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.79600
----------------------------------------------------------------
0 0031331044 MORTGAGORS: GERGLER MICHAEL
GERGLER WENDY
REGION CODE ADDRESS : 19 DEERFIELD LANE
01 CITY : STORRS
STATE/ZIP : CT 06268
MORTGAGE AMOUNT : 360,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,858.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.91954
----------------------------------------------------------------
0 0031331200 MORTGAGORS: SCOTT WILLIAM
REGION CODE ADDRESS : 12719 EAST RANCHO ESTATES PLACE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 287,727.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,287.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031331226 MORTGAGORS: SCANLON SUZI
SMITH MICHAEL
REGION CODE ADDRESS : 12786 CANTER DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 256,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,546.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.17600
----------------------------------------------------------------
0 0031331820 MORTGAGORS: CALDWELL KENNETH
CALDWELL DEBORAH
REGION CODE ADDRESS : 2332 NORTH ELMDALE AVENUE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,348.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,578.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.89300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,577.00
P & I AMT: 9,833.75
UPB AMT: 1,379,341.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332919 MORTGAGORS: EIGUREN BARRY
EIGUREN SUSAN
REGION CODE ADDRESS : 2530 CALMA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 266,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,653.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031333933 MORTGAGORS: WATSON JOSEPH
PANIAGUS SANDRA
REGION CODE ADDRESS : 12799 ARENA DRIVE
01 CITY : RANCHO CUCAMONGA,
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 269,692.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,486.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 91.16400
----------------------------------------------------------------
0 0031337835 MORTGAGORS: LIEBERMAN FREDERIC
LIEBERMAN MARJORIE
REGION CODE ADDRESS : 23 MARLIN LANE
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,515.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.08200
----------------------------------------------------------------
0 0031338346 MORTGAGORS: MC CAUSLAND BRIAN
REGION CODE ADDRESS : 2877 FLOWING SPRINGS ROAD
01 CITY : BIRCHRUNVILLE
STATE/ZIP : PA 19421
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,553.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.64912
----------------------------------------------------------------
0 0031338478 MORTGAGORS: PITONAK SEAN
WAY DEBORAH
REGION CODE ADDRESS : 1212 MILLS AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,038.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.52940
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,942.00
P & I AMT: 9,529.44
UPB AMT: 1,366,247.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031339393 MORTGAGORS: FULTON HAROLD
FULTON RITA
REGION CODE ADDRESS : 25737 VISTA ROAD
01 CITY : HOLLYWOOD
STATE/ZIP : MD 20636
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,402.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.93500
----------------------------------------------------------------
0 0031339559 MORTGAGORS: RICHARDSON MARK
RICHARDSON LISA
REGION CODE ADDRESS : 914 CALLE CANTA
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,367.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.01000
----------------------------------------------------------------
0 0031340086 MORTGAGORS: LEVY JONATHAN
LEVY DANA
REGION CODE ADDRESS : 50 ANDREW LANE
01 CITY : NEW ROCHELLE
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342017 MORTGAGORS: DEVRIES JOEL
DEVRIES KATHLEEN
REGION CODE ADDRESS : 5328 CARRIAGE HILLS PLACE
01 CITY : RAPID CITY
STATE/ZIP : SD 57702
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.80900
----------------------------------------------------------------
0 0031343668 MORTGAGORS: TOVAR JEFFREY
TOVAR KIMBERLY
REGION CODE ADDRESS : 12N431 BERNER ROAD
01 CITY : ELGIN
STATE/ZIP : IL 60120
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,800.00
P & I AMT: 9,066.99
UPB AMT: 1,319,189.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031343775 MORTGAGORS: SNOW ROBERT
REGION CODE ADDRESS : 134 ARGONNE AVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,880.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.08600
----------------------------------------------------------------
0 0031343908 MORTGAGORS: PLYMPTON PATRICIA
MOTSINGER CHARLES
REGION CODE ADDRESS : 715 WEST VIEW TERRACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22301
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,811.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031344070 MORTGAGORS: DRUMMOND PETER
DRUMMOND MARTY
REGION CODE ADDRESS : 2411 CANYON CREEK DRIVE
01 CITY : STOCKTON
STATE/ZIP : CA 95207
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.11700
----------------------------------------------------------------
0 0031345663 MORTGAGORS: JOHNSON PHILIP
NORDONE THERESA
REGION CODE ADDRESS : 107-111 HIGH STREET UNIT #111
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 509,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,606.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031345754 MORTGAGORS: TOLSTRUP RICHARD
TOLSTRUP ROBYN
REGION CODE ADDRESS : 27 NEWMARCH STREET
01 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,799.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,850.00
P & I AMT: 10,979.49
UPB AMT: 1,545,917.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031348584 MORTGAGORS: JACOBS THOMAS
JACOBS KATHRYN
REGION CODE ADDRESS : 5178 BITTEN LANE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 284,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,032.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.91900
----------------------------------------------------------------
0 0031348931 MORTGAGORS: WINTER JOSEPH
WINTER KARI
REGION CODE ADDRESS : 11652 WEST HIALEAH PLACE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,208.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031351471 MORTGAGORS: SOBIN JONATHAN
REGION CODE ADDRESS : 26 ANNAWAN ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,392.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.54600
----------------------------------------------------------------
0 0031351794 MORTGAGORS: HARRELL THOMAS
HARRELL BARBARA
REGION CODE ADDRESS : 8802 RIVER ROAD
01 CITY : COLUMBUS
STATE/ZIP : GA 31904
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,722.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,520.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.46300
----------------------------------------------------------------
0 0031352362 MORTGAGORS: LEDGARD HARRY
LEVY PERRI
REGION CODE ADDRESS : 158 KENDALL HILL ROAD
01 CITY : STERLING
STATE/ZIP : MA 01564
MORTGAGE AMOUNT : 251,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,811.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.77777
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,250.00
P & I AMT: 10,639.20
UPB AMT: 1,557,166.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031353006 MORTGAGORS: HICKEY LAWRENCE
HICKEY THERESE
REGION CODE ADDRESS : 2368-2370-2372 BRYANT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,817.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031353790 MORTGAGORS: BROOKS JOHN
BROOKS GAIL
REGION CODE ADDRESS : 521 PLEASANT STREET
01 CITY : MARSHFIELD
STATE/ZIP : MA 02051
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031354178 MORTGAGORS: BUSCH STEVEN
BUSCH KATHY
REGION CODE ADDRESS : 2003 MEADOW FOREST DRIVE
01 CITY : PACIFIC
STATE/ZIP : MO 63069
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,953.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.80300
----------------------------------------------------------------
0 0031356918 MORTGAGORS: MICHELANGELO JIM
JENSEN JOYCE
REGION CODE ADDRESS : 6440 PURPLE HILLS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358575 MORTGAGORS: MORGAN GREGORY
MORGAN BARBARA
REGION CODE ADDRESS : 1209 DAVIDA COURT
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,756.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.28362
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,000.00
P & I AMT: 10,495.19
UPB AMT: 1,483,564.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359201 MORTGAGORS: WESSELS JAMES
WESSELS MAUREEN
REGION CODE ADDRESS : 33604 NE 171ST COURT
01 CITY : YACOLT
STATE/ZIP : WA 98675
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,688.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.79300
----------------------------------------------------------------
0 0031359482 MORTGAGORS: WACHOB CHARLES
WACHOB CYNTHIA
REGION CODE ADDRESS : 320 AEOLIA DRIVE
01 CITY : AUBURN
STATE/ZIP : CA 95603
MORTGAGE AMOUNT : 445,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,552.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,041.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.62500
----------------------------------------------------------------
0 0031359904 MORTGAGORS: HERRON LAWRENCE
HERRON DOROTHY
REGION CODE ADDRESS : 4306 CONIFER COURT
01 CITY : GLEN ARM
STATE/ZIP : MD 21057
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,773.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031361108 MORTGAGORS: PETRO GREGORY
PETRO KATHLEEN
REGION CODE ADDRESS : 34 ROLLINGMEAD STREET
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,999.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,332.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 87.65400
----------------------------------------------------------------
0 0031361272 MORTGAGORS: SEGAL THADDEUS
SEGAL AMY
REGION CODE ADDRESS : 7922 FAIRFAX ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
MORTGAGE AMOUNT : 171,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,751.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,210.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,900.00
P & I AMT: 9,979.74
UPB AMT: 1,467,765.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031361413 MORTGAGORS: AITA LOUIS
AITA CECILIA
REGION CODE ADDRESS : 9 WESTWOOD COURT
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,042.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031362635 MORTGAGORS: AHONEN ALLAN
AHONEN SUE
REGION CODE ADDRESS : 7222 HOLLYWOOD ROAD
01 CITY : STEVENSVILLE
STATE/ZIP : MI 49127
MORTGAGE AMOUNT : 82,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 82,507.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 657.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.87500 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031362833 MORTGAGORS: ALTICK ROBERT
ALTICK LESLIE
REGION CODE ADDRESS : 2661 BEACH ROAD #P24
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,983.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.38200
----------------------------------------------------------------
0 0031364052 MORTGAGORS: UNREIN RICHARD
UNREIN DEBRA
REGION CODE ADDRESS : 5844 COLE WAY
01 CITY : ARVADA
STATE/ZIP : CO 80004
MORTGAGE AMOUNT : 271,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,285.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031364086 MORTGAGORS: CYRIER GREGORY
CYRIER KARI
REGION CODE ADDRESS : 3521 GREEN ACRES TERRACE
01 CITY : FARMERS BRANCH
STATE/ZIP : TX 75234
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,477.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,514.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,199,800.00
P & I AMT: 8,329.72
UPB AMT: 1,197,295.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364144 MORTGAGORS: PERRY STEVEN
PERRY JILL
REGION CODE ADDRESS : 25788 CLEAR SPRINGS COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 300,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.80100
----------------------------------------------------------------
0 0031364656 MORTGAGORS: PARKER DARYLE
PARKER PAULA
REGION CODE ADDRESS : 5100 W IVANHOE ST
01 CITY : CHANDLER
STATE/ZIP : AZ 85226
MORTGAGE AMOUNT : 151,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,384.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,099.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.81200
----------------------------------------------------------------
0 0031366552 MORTGAGORS: GARNER RENEE
REGION CODE ADDRESS : 721 NEW BEDFORD COURT
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 152,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,084.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,158.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 89.06400
----------------------------------------------------------------
0 0031367113 MORTGAGORS: DAVIS GROVER
REGION CODE ADDRESS : LOT 118 LAKE KESSLERWOOD
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46226
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,704.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031367717 MORTGAGORS: MCCORMICK JEFFRY
REGION CODE ADDRESS : 90 MARIMAC ROAD
01 CITY : HOPEWELL TWP
STATE/ZIP : NJ 08302
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,699.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,540.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 78.24500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,174,200.00
P & I AMT: 8,217.24
UPB AMT: 1,169,572.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367857 MORTGAGORS: GREENSPAN LARRY
GREENSPAN DEBBY
REGION CODE ADDRESS : 1611 MARIAN AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,651.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.75300
----------------------------------------------------------------
0 0031368707 MORTGAGORS: WENDIN ROBERT
WENDIN LORI
REGION CODE ADDRESS : 1333 CONGRESS STREET
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,532.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.24300
----------------------------------------------------------------
0 0031368848 MORTGAGORS: BODZINER STEVEN
BODZINER CATHERINE
REGION CODE ADDRESS : 38 GOULD STREET
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0031369473 MORTGAGORS: CAYWOOD JAMES
CAYWOOD PATRICIA
REGION CODE ADDRESS : 426 WINDING LANE
01 CITY : NEW HOLLAND
STATE/ZIP : PA 17557
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.88400
----------------------------------------------------------------
0 0031369671 MORTGAGORS: SCARPA LAWRENCE
SCARPA CLAUDIA
REGION CODE ADDRESS : 198 MOUTAIN AVENUE
01 CITY : NEW PROVIDENCE BOROUGH
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 377,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,638.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,637.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,200.00
P & I AMT: 9,730.64
UPB AMT: 1,360,448.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031369960 MORTGAGORS: CAPORALE STEVEN
CAPORALE AMELIA
REGION CODE ADDRESS : 10 HOWES COURT
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 272,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,997.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.91100
----------------------------------------------------------------
0 0031370273 MORTGAGORS: TRUMBLAY SEAN
TRUMBLAY CINDY
REGION CODE ADDRESS : 407 SOUTH FOSTER STREET
01 CITY : MERRILL
STATE/ZIP : WI 54452
MORTGAGE AMOUNT : 61,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 60,768.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 482.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 90.37000
----------------------------------------------------------------
0 0031370877 MORTGAGORS: TARABORELLI STEVEN
TARABORELLI JANET
REGION CODE ADDRESS : 9931 SOUTH CLYDE PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,372.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031371446 MORTGAGORS: PARROTTA CHRISTOPHER
PARROTTA KIMBERLY
REGION CODE ADDRESS : 11402 KEDLESTON ROAD
01 CITY : GLENN DALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 291,577.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,923.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.71600
----------------------------------------------------------------
0 0031372162 MORTGAGORS: SCHREINER CHARLES
SCHREINER ROBERTA
REGION CODE ADDRESS : 550 33RD STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,342.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.17200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,777.00
P & I AMT: 8,837.02
UPB AMT: 1,282,405.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031372451 MORTGAGORS: LORD MICHAEL
REGION CODE ADDRESS : UNDER THE MOUNTAIN ROAD
01 CITY : SOUTH LONDONDERRY
STATE/ZIP : VT 05155
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.66000
----------------------------------------------------------------
0 0031372949 MORTGAGORS: JAVORINA PETER
JAVORINA TERRY
REGION CODE ADDRESS : 4105 IVES LANE
01 CITY : PLYMOUTH
STATE/ZIP : MN 55441
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,585.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99517
----------------------------------------------------------------
0 0031373012 MORTGAGORS: DEGREGORIO ROBERT
DEGREGORIO CATHERINE
REGION CODE ADDRESS : 560 PERCH LAKE ROAD
01 CITY : HUDSON
STATE/ZIP : WI 54016
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031373202 MORTGAGORS: AGUILAR MICHAEL
AGUILAR CAROL
REGION CODE ADDRESS : 5418 RENAISSANCE AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 328,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,345.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.47800
----------------------------------------------------------------
0 0031373566 MORTGAGORS: SOORANI EMIL
SOORANI EDLYN
REGION CODE ADDRESS : 774 RANCH LANE (PACIFIC PALISADES A
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 799,391.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,525.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 47.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,941,800.00
P & I AMT: 13,548.90
UPB AMT: 1,939,915.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031373954 MORTGAGORS: HIRT MICHAEL
HIRT LINDA
REGION CODE ADDRESS : 9508 OAKMORE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,664.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.62745
----------------------------------------------------------------
0 0031375207 MORTGAGORS: STRANGE KEVIN
HAENKE RICHARD
REGION CODE ADDRESS : 24 PICKERING DRIVE
01 CITY : ROBINSVILLE
STATE/ZIP : NJ 08691
MORTGAGE AMOUNT : 273,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,872.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.86300
----------------------------------------------------------------
0 0031375553 MORTGAGORS: SOBRADO ALBERTO
REGION CODE ADDRESS : 15 ESTES STREET
01 CITY : AMESBURY
STATE/ZIP : MA 01913
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,745.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031375660 MORTGAGORS: ROHRBACH PETER
ROHRBACH LINDA
REGION CODE ADDRESS : 904 DOUGLASS DR
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 780,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 779,437.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,458.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 55.75700
----------------------------------------------------------------
0 0031375827 MORTGAGORS: EFFENBERGER MICHAEL
EFFENBERGER ROBERTA
REGION CODE ADDRESS : 2347 MOUNTAIN VIEW
01 CITY : ESCONDIDO AREA
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 321,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,909.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.43600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,105,300.00
P & I AMT: 14,434.35
UPB AMT: 2,102,629.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031375843 MORTGAGORS: KRAFT JONATHAN
KRAFT PATRICIA
REGION CODE ADDRESS : 33 WOODLAND ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 1,500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,498,914.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 10,616.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 42.85714
----------------------------------------------------------------
0 0031375892 MORTGAGORS: SCUMNIOTALES JOHN
REGION CODE ADDRESS : 551 14TH AVENUE WEST
01 CITY : KIRKLAND
STATE/ZIP : WA 98033
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,494.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031375900 MORTGAGORS: GUPTA SACHIN
REGION CODE ADDRESS : 429 RANDOLPH AVENUE
01 CITY : SEATTLE
STATE/ZIP : WA 98122
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,714.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031376304 MORTGAGORS: STULPIN MICHAEL
STULPIN ANNE
REGION CODE ADDRESS : 2 ROSE GLEN COURT
01 CITY : NEWTON SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,773.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 46.95600
----------------------------------------------------------------
0 0031376544 MORTGAGORS: LEUNG ANTON
REGION CODE ADDRESS : 822 PACIFIC STREET #1
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,958.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,622,800.00
P & I AMT: 18,064.22
UPB AMT: 2,619,854.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377096 MORTGAGORS: PRICE WILLIAM
HUNT ELISABETH
REGION CODE ADDRESS : 301 HERMOSA STREET
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,257.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,992.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 68.96500
----------------------------------------------------------------
0 0031377328 MORTGAGORS: TORKAMANHA HAMID
TOUTOUNCHI MAHROKH
REGION CODE ADDRESS : 45 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 313,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,560.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 92.24200
----------------------------------------------------------------
0 0031377393 MORTGAGORS: BLESSING ROBERT
BLESSING TINA
REGION CODE ADDRESS : 1118 AMANDA DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,668.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,011.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031377401 MORTGAGORS: ORSHEFSKY ABIGAIL
JACKSON PETER
REGION CODE ADDRESS : 30 TIANDERAH ROAD
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,373.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031378458 MORTGAGORS: MARAGHY MICHAEL
REGION CODE ADDRESS : 8041 OAK HOLLOW LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,295.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,320,250.00
P & I AMT: 16,035.64
UPB AMT: 2,316,154.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031378821 MORTGAGORS: DEARY KEVIN
DEARY RHONDA
REGION CODE ADDRESS : 2 WOODLAND WAY
01 CITY : REHOBOTH
STATE/ZIP : MA 02769
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,609.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379027 MORTGAGORS: JONES ROBERT
JONES BARBARA
REGION CODE ADDRESS : 27323 LINDEN LANE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,579.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379530 MORTGAGORS: SIU MICHAEL
SIU YASMIN
REGION CODE ADDRESS : 4620 TUSCANI DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,309.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379803 MORTGAGORS: SCHMOYER WAYNE
BLACKLOCK RODNEY
REGION CODE ADDRESS : 4 PILGRIM HEIGHTS ROAD
01 CITY : PROVINCETOWN
STATE/ZIP : MA 02657
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,559.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379936 MORTGAGORS: ROMNEY JOHN
ASOUS-ROMNEY ROSA
REGION CODE ADDRESS : 19 VILLAGE RD
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,800.00
P & I AMT: 9,161.65
UPB AMT: 1,346,867.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031382229 MORTGAGORS: STOCKTON JOHN
STOCKTON KAREN
REGION CODE ADDRESS : 513 LEGION DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031382559 MORTGAGORS: GIPSON WILLIAM
GIPSON MICHELLE
REGION CODE ADDRESS : ROUTE 4 BOX 153 G
01 CITY : AUBREY
STATE/ZIP : TX 76227
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031383029 MORTGAGORS: MARSHALL JON
REGION CODE ADDRESS : 6741 SHADOW CREST DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 195,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,902.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,348.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031383193 MORTGAGORS: BONANO KENNETH
BONANO AMY
REGION CODE ADDRESS : 1010 IVERSON CIRCLE
01 CITY : SALINAS
STATE/ZIP : CA 93901
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,643.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031383243 MORTGAGORS: STACEY DONALD
STACEY SUEANNA
REGION CODE ADDRESS : 7801 LAKESIDE DRIVE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82353
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,700.00
P & I AMT: 10,378.50
UPB AMT: 1,484,265.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031383425 MORTGAGORS: HOUSER JOSEPH
HOUSER MARILYN
REGION CODE ADDRESS : 550 ALPINE HEIGHTS LANE
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,530.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031383482 MORTGAGORS: GRACE JOEL
GRACE JANICE
REGION CODE ADDRESS : 2801 EL CAMINO VERDE
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,748.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031385099 MORTGAGORS: FAUST MICHAEL
FAUST SUSAN
REGION CODE ADDRESS : 10100 ZERMATT CIRCLE
01 CITY : ANCHORAGE
STATE/ZIP : AK 99501
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,368.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385586 MORTGAGORS: BARFIELD RICHARD
BARFIELD DAPHNE
REGION CODE ADDRESS : 5012 SAIL CREEK DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,239.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,267.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385891 MORTGAGORS: MILLER PAUL
MILLER TERRY
REGION CODE ADDRESS : 18191 BERTA CANYON RD
01 CITY : SALINAS
STATE/ZIP : CA 93907
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,606.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.87600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,550.00
P & I AMT: 10,720.60
UPB AMT: 1,584,492.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031386196 MORTGAGORS: COOK THOMAS
COOK JENNIFER
REGION CODE ADDRESS : 1134 VIA CARRANZA
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,578.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031386386 MORTGAGORS: THEUER JOHN
THEUER JUDY
REGION CODE ADDRESS : 6208 WEST 77TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,480.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031386436 MORTGAGORS: LANDRY KEVIN
LANDRY VIRGINIA
REGION CODE ADDRESS : 9 WINDFLOWER
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,685.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031386451 MORTGAGORS: RUSSELL MICHAEL
RUSSELL MAXINE
REGION CODE ADDRESS : 11971 ANDASOL AVENUE
01 CITY : GRANADA HILLS AREA
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 439,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,439.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,961.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031386857 MORTGAGORS: VARGAS PATRICK
VARGAS LAURA
REGION CODE ADDRESS : 616 SANTA MARIA ROAD
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,792.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,734,300.00
P & I AMT: 11,827.28
UPB AMT: 1,731,975.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387012 MORTGAGORS: PAUTSCH DOUGLAS
PAUTSCH LYNNE
REGION CODE ADDRESS : 2082 THORNHILL DR
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 256,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,478.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.32300
----------------------------------------------------------------
0 0031387111 MORTGAGORS: CHAMUDES OSCAR
REGION CODE ADDRESS : 160 WEST 66TH STREET # 25B
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031388093 MORTGAGORS: NG WILLIAM
NG SUSAN
REGION CODE ADDRESS : 98 MOUNTAIN AVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 385,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,385.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,630.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031388655 MORTGAGORS: PORTILLO OSCAR
PORTILLO ANISA
REGION CODE ADDRESS : 38 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 280,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,199.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031390073 MORTGAGORS: GEIER JOSEPH
GEIER PAMELA
REGION CODE ADDRESS : 11772 FREDERICK ROAD
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,782.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.09300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,697,400.00
P & I AMT: 11,667.59
UPB AMT: 1,673,846.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031390107 MORTGAGORS: WALLACH ANDREW
REGION CODE ADDRESS : 21 EAST 87TH ST. # 11B
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,737.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 43.47800
----------------------------------------------------------------
0 0031390339 MORTGAGORS: FOLIN DAVID
FOLIN CYNTHIA
REGION CODE ADDRESS : 105 COTTAGE DOWNS
01 CITY : HOPKINS
STATE/ZIP : MN 55305
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031390610 MORTGAGORS: KJOS CHRISTIAN
KJOS REBECCA
REGION CODE ADDRESS : 187 FIESTA WAY
01 CITY : FT LAUDERDALE
STATE/ZIP : FL 33301
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.35100
----------------------------------------------------------------
0 0031390800 MORTGAGORS: DODGE JOHN
MARRA MARY
REGION CODE ADDRESS : 152 13TH STREET S.E.
01 CITY : WASHINGTON
STATE/ZIP : DC 20003
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,757.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.75400
----------------------------------------------------------------
0 0031392020 MORTGAGORS: FISHER KURT
FISHER NOELLE
REGION CODE ADDRESS : 7401 SEDGEFIELD AVENUE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,050,000.00
P & I AMT: 13,989.07
UPB AMT: 2,048,940.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392145 MORTGAGORS: CHOMOKOS EPAMINONDA
CHOMOKOS ANGELA
REGION CODE ADDRESS : 526 EAST COMMERCE AVENUE
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,846.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,434.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031392855 MORTGAGORS: SEIFE DARREL
SEIFE DONNA
REGION CODE ADDRESS : 75 ROUND HILL ROAD
01 CITY : GREENBURGH
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.17073
----------------------------------------------------------------
0 0031393622 MORTGAGORS: SHAW ANDREW
SHAW MARY
REGION CODE ADDRESS : 605-607 W DEMING PLACE
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.80300
----------------------------------------------------------------
0 0031393796 MORTGAGORS: DESCHENE SHAWN
REGION CODE ADDRESS : 40 STONEGATE LANE
01 CITY : DERRY
STATE/ZIP : NH 03038
MORTGAGE AMOUNT : 47,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 47,165.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 334.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031393879 MORTGAGORS: REILLY KATHERINE
REGION CODE ADDRESS : 334 LAKE AVENUE
01 CITY : BRIDGEPORT
STATE/ZIP : CT 06605
MORTGAGE AMOUNT : 146,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,285.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 998.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,000.00
P & I AMT: 9,328.93
UPB AMT: 1,360,575.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394034 MORTGAGORS: CHAUDHARY USHA
CHAUDHARY VINOD
REGION CODE ADDRESS : 11710 CRIPPEN CT
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 388,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,171.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,718.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.99000
----------------------------------------------------------------
0 0031394448 MORTGAGORS: LEWKOWITZ SUSAN
REGION CODE ADDRESS : 450 FLETCHER DRIVE
01 CITY : SMYRNA
STATE/ZIP : DE 19977
MORTGAGE AMOUNT : 167,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,193.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,256.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031395254 MORTGAGORS: BLEIER STEVEN
BLEIER MARY
REGION CODE ADDRESS : 2095 GLASTONBURY ROAD
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,518.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.43900
----------------------------------------------------------------
0 0031395817 MORTGAGORS: BLAKESLEE MELISE
REGION CODE ADDRESS : 3582 TRINITY DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,622.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,060.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031395940 MORTGAGORS: CLANCY WENDELL
CLANCY KAY
REGION CODE ADDRESS : 34 W 160 WHITE THORN
01 CITY : WAYNE
STATE/ZIP : IL 60184
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,491.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,050.00
P & I AMT: 11,948.55
UPB AMT: 1,703,997.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396559 MORTGAGORS: NIRMAL HEMANT
REGION CODE ADDRESS : 583 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 243,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,486.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031396641 MORTGAGORS: INGLESE BRUCE
REGION CODE ADDRESS : 6224 BANBURY STATION
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 305,675.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,430.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031396666 MORTGAGORS: GILLOT LAURENT
GILLOT FATIMA
REGION CODE ADDRESS : 4214 NW 1 PLACE
01 CITY : DEERFIELD BEACH
STATE/ZIP : FL 33442
MORTGAGE AMOUNT : 84,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 84,474.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 591.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.92300
----------------------------------------------------------------
0 0031396831 MORTGAGORS: LATIGONA SALVATORE
LATIGONA ARLENE
REGION CODE ADDRESS : 1810 BOARDWALK
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.70500
----------------------------------------------------------------
0 0031397078 MORTGAGORS: SHAPIRO MEYER
SHAPIRO DOROTHY
REGION CODE ADDRESS : 34 ROSE AVE
01 CITY : WOODCLIFF LAKE
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.11100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,253,125.00
P & I AMT: 8,734.50
UPB AMT: 1,252,391.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031398381 MORTGAGORS: FINLEY BILLY
FINLEY JULIA
REGION CODE ADDRESS : 128 PAR COURT, NW
01 CITY : CLEVELAND
STATE/ZIP : TN 37312
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,924.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031398415 MORTGAGORS: RIKER ROBERT
RIKER HELEN
REGION CODE ADDRESS : 42 HOLLANDBROOK ROAD
01 CITY : READINGTON TOWNSHIP
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,305.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031398977 MORTGAGORS: CLENDENIN BRUCE
CLENDENIN CAROL
REGION CODE ADDRESS : 15980 CLARK'S GAP ROAD
01 CITY : WATERFORD
STATE/ZIP : VA 20190
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,695.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031399090 MORTGAGORS: WISHAN MELVYN
WISHAN DEBRA
REGION CODE ADDRESS : 1407 AVENIDA DE CORTEZ
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,355.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,259.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031399215 MORTGAGORS: CARTER MICHAEL
CARTER PAMELA
REGION CODE ADDRESS : 10545 NORWOOD AVENUE
01 CITY : STILLWATER
STATE/ZIP : MN 55082
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,190.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,000.00
P & I AMT: 11,142.92
UPB AMT: 1,588,471.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031399496 MORTGAGORS: HACKNEY, H.
HACKNEY SUSAN
REGION CODE ADDRESS : 120 CLARKE CIRCLE
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,337.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,472.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031399728 MORTGAGORS: ROTCHFORD PHILIP
ROTCHFORD JANET
REGION CODE ADDRESS : 54 NAVESINK AVENUE
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.15000
----------------------------------------------------------------
0 0031400443 MORTGAGORS: HOROWITZ ERIC
HOROWITZ DEBRA
REGION CODE ADDRESS : 41 OXFORD ROAD
01 CITY : OLD BETHPAGE
STATE/ZIP : NY 11804
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.71428
----------------------------------------------------------------
0 0031401458 MORTGAGORS: NYBERG STEPHEN
SAMAY HEATHER
REGION CODE ADDRESS : 8 SUMMERFIELD LANE
01 CITY : EASTON
STATE/ZIP : MA 02375
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,788.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.95600
----------------------------------------------------------------
0 0031402068 MORTGAGORS: PACQE-MARGOLIS SARA
PACQUE MICHEL
REGION CODE ADDRESS : 1504 MINTWOOD DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,380.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,200.00
P & I AMT: 10,866.68
UPB AMT: 1,571,111.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402928 MORTGAGORS: HART ALLEN
HART BRENDA
REGION CODE ADDRESS : 91 SODUTH FLAGSTONE PATH CIRCLE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 286,260.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,025.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031404387 MORTGAGORS: JOHNSON PHILLIP
GORDON DONNA
REGION CODE ADDRESS : 51 LEXINGTON AVE
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 636,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 635,004.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,338.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031407778 MORTGAGORS: KIRK STEVEN
KIRK MONICA
REGION CODE ADDRESS : 20139 GILBERT DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 148,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,986.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,023.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031407927 MORTGAGORS: WEIL JACK
WEIL MARY
REGION CODE ADDRESS : 14 BRUNS ROAD
01 CITY : WEST ALLENHURST
STATE/ZIP : NJ 07712
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
0 0031408719 MORTGAGORS: MONSON UTE
MONSON JOHN
REGION CODE ADDRESS : 1111 N. SCOTT STREET
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 220,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,623.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,487.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,260.00
P & I AMT: 11,190.22
UPB AMT: 1,639,367.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031409667 MORTGAGORS: WHITE BRUCE
WHITE KATIE
REGION CODE ADDRESS : 28 NAMSKAKET ROAD
01 CITY : ORLEANS
STATE/ZIP : MA 02653
MORTGAGE AMOUNT : 101,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,530.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 736.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031411010 MORTGAGORS: MARQUEZ JUAN
MARQUEZ DIVINA
REGION CODE ADDRESS : 6402 CALEB COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,609.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031412919 MORTGAGORS: POLOS PETER
POLOS KRISTIE
REGION CODE ADDRESS : 425 & 425 1/2 DAHLIA AVENUE
01 CITY : NEWPORT BEACH,
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,121.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.40700
----------------------------------------------------------------
0 0031413370 MORTGAGORS: SHARMA DEO
SHARMA SHERIN
REGION CODE ADDRESS : 5760 AND 5762 TANGERINE AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95823
MORTGAGE AMOUNT : 101,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,498.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 710.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
0 0031413727 MORTGAGORS: BRESSLER PETER
BRESSLER SANDRA
REGION CODE ADDRESS : 626 KATER ST
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19147
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,629.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.38700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,087,050.00
P & I AMT: 7,585.10
UPB AMT: 1,085,388.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031414345 MORTGAGORS: PONICHTERA ERIC
PONICHTERA SANDRA
REGION CODE ADDRESS : 2 FOX VINE LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,782.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031414584 MORTGAGORS: KHANNA SATISH
KHANNA NEELAM
REGION CODE ADDRESS : 3760 SHADOW GROVE ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,758.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0031414840 MORTGAGORS: QUAGLIAROLI RICHARD
QUAGLIAROLI MARGUERITE
REGION CODE ADDRESS : 48 WESTWOOD ROAD
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06117
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,663.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------
0 0031415870 MORTGAGORS: HIGGINS ANN
REGION CODE ADDRESS : 860 BLANCH AVENUE
01 CITY : NORWOOD
STATE/ZIP : NJ 07648
MORTGAGE AMOUNT : 271,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031416530 MORTGAGORS: MAZOROL PATRICK
MAZOROL BARBARA
REGION CODE ADDRESS : 9501 VIRGINIA AVENUE SOUTH
01 CITY : BLOOMINGTON
STATE/ZIP : MN 55438
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,600.00
P & I AMT: 11,159.21
UPB AMT: 1,633,530.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031417264 MORTGAGORS: CARROCCETTO CARMINE
HOFFMAN ANDREA
REGION CODE ADDRESS : 193 LILAC DR
01 CITY : TOMS RIVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 152,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,105.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.93300
----------------------------------------------------------------
0 0031417645 MORTGAGORS: BUCKS DAVID
BUCKS MICHELLE
REGION CODE ADDRESS : 12749 EAST RANCHO ESTATES PLACE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 244,017.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,644.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031418759 MORTGAGORS: MURPHY KEVIN
JACKSON-MURPHY JULIE
REGION CODE ADDRESS : 8933 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 344,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,867.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031419310 MORTGAGORS: ROFFMAN CRAIG
GRIECO JOANNE
REGION CODE ADDRESS : EAST MOUNTAIN ROAD SO.
01 CITY : COLD SPRING
STATE/ZIP : NY 10516
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,193.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031419542 MORTGAGORS: SUMMERHAYS CAROL
SUMMERHAYS JOHN
REGION CODE ADDRESS : 13234 PELVERA AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,932.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.41000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,750,567.00
P & I AMT: 12,142.12
UPB AMT: 1,748,138.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031419591 MORTGAGORS: LUPEL WARREN
LUPEL SALLY
REGION CODE ADDRESS : 1108 HINMAN AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.07600
----------------------------------------------------------------
0 0031419781 MORTGAGORS: MATHISON DAVID
MATHISON TONYA
REGION CODE ADDRESS : 36 BRIDLEPATH COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,837.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031420292 MORTGAGORS: JOHNSTON DERRICK
JOHNSTON STACEY
REGION CODE ADDRESS : 13625 GOLDEN RIDGE LANE
01 CITY : MC CORDSVILLE
STATE/ZIP : IN 46055
MORTGAGE AMOUNT : 379,675.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,601.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.28400
----------------------------------------------------------------
0 0031420318 MORTGAGORS: TRUSZKOWSKI HENRY
TRUSZKOWSKI MICHELE
REGION CODE ADDRESS : 54574 WAMEDA AVENUE
01 CITY : EAGLE ROCK
STATE/ZIP : CA 90041
MORTGAGE AMOUNT : 245,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,744.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031420391 MORTGAGORS: DUFORT ERIC
REGION CODE ADDRESS : 13130 SW ROCKINGHAM DRIVE
01 CITY : TIGARD
STATE/ZIP : OR 97223
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,615.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.17500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,975.00
P & I AMT: 10,396.93
UPB AMT: 1,485,798.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031420441 MORTGAGORS: WALROD DOUGLAS
WALROD JULIE
REGION CODE ADDRESS : 12172 EAST LAUREL LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 456,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,211.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,233.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031420995 MORTGAGORS: DROPPERS KRISTI
HINCHMAN J.
REGION CODE ADDRESS : 49 ARMOUR ROAD
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421209 MORTGAGORS: LINSENBARDT DUANE
LINSENBARDT JANE
REGION CODE ADDRESS : 5532 SWEIGERT ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,456.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.09000
----------------------------------------------------------------
0 0031421654 MORTGAGORS: GRIFFIN TIMOTHY
GRIFFIN JOAN
REGION CODE ADDRESS : 1072 BERKSHIRE LANE
01 CITY : TARPON SPRINGS
STATE/ZIP : FL 34689
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,339.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031421662 MORTGAGORS: BELISLE JAMES
BELISLE CATHY
REGION CODE ADDRESS : 16 FRANCINE DRIVE
01 CITY : GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,680.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 74.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,375.00
P & I AMT: 11,931.13
UPB AMT: 1,705,687.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031421753 MORTGAGORS: CLAYTON MARK
REGION CODE ADDRESS : 17208 ASPEN LEAF DRIVE
01 CITY : BOWIE
STATE/ZIP : MD 20716
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031422736 MORTGAGORS: MILLER TIMOTHY
MILLER CONNIE
REGION CODE ADDRESS : 1553 RICHLAND RD.
01 CITY : SPRING VALLEY
STATE/ZIP : OH 45370
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,311.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031423106 MORTGAGORS: DAVIS EMILY
REGION CODE ADDRESS : 114 VENETIAN WAY DILIDO ISLAND
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33139
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,835.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 928.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031423627 MORTGAGORS: EVANS SCOTT
EVANS GAYLE
REGION CODE ADDRESS : 14000 LOBLOLLY TERRACE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,370.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031424237 MORTGAGORS: ANGIOLETTI LOUIS
REGION CODE ADDRESS : 431 GREEN TEAL DRIVE
01 CITY : BOCA GRANDE
STATE/ZIP : FL 33921
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.57600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,100.00
P & I AMT: 10,402.82
UPB AMT: 1,495,118.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031425192 MORTGAGORS: OTI CYNTHIA
REGION CODE ADDRESS : 1443 VALLEJO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,520.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.11100
----------------------------------------------------------------
0 0031425614 MORTGAGORS: COFFIN CRAIG
COFFIN DANA
REGION CODE ADDRESS : 954 EILINITA AVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,630.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031425911 MORTGAGORS: PLANT BARRY
PLANT DIANE
REGION CODE ADDRESS : 25767 DURRWOOD CT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,571.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031426000 MORTGAGORS: BROWN BETH
BROWN JEFFREY
REGION CODE ADDRESS : 96 OLD SAUGATUCK ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06855
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,718.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031426109 MORTGAGORS: GELLING JUSTIN
GELLING MONICA
REGION CODE ADDRESS : 11611 ARROJO AVENUE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 449,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,262.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,102.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,250.00
P & I AMT: 11,246.21
UPB AMT: 1,634,702.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031426133 MORTGAGORS: MORETTO JILL
MORETTO DAVID
REGION CODE ADDRESS : 80 CHERRY WOOD DRIVE
01 CITY : DRACUT
STATE/ZIP : MA 01826
MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,697.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031426554 MORTGAGORS: MURPHY SANDI
ROTONDO ROBERT
REGION CODE ADDRESS : 12700 STRATHMORE DRIVE
01 CITY : VALLEY VIEW
STATE/ZIP : OH 44125
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.10100
----------------------------------------------------------------
0 0031426869 MORTGAGORS: GORDON COREY
GORDON KELLY
REGION CODE ADDRESS : 5639 TORTUGA COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,870.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.65579
----------------------------------------------------------------
0 0031427743 MORTGAGORS: BOVE LOUIS
REGION CODE ADDRESS : 726-28 SOUTH FRONT STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19147
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031428063 MORTGAGORS: ARMSWORTHY PHILIP
ARMSWORTHY ELIZABETH
REGION CODE ADDRESS : 21817 ROSEBANK COURT
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,833.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.40900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,269,150.00
P & I AMT: 8,738.47
UPB AMT: 1,267,790.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031428246 MORTGAGORS: SAMSON DAVID
SABOLBORO JOSEPHINE
REGION CODE ADDRESS : 121 WESTGATE DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 532,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 532,004.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,722.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031428915 MORTGAGORS: HARLAN CHRIS
HARLAN KAREN
REGION CODE ADDRESS : 25745 TRAILRIDGE ROAD
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,636.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031429632 MORTGAGORS: FARINEAU GLENN
FARINEAU DIANE
REGION CODE ADDRESS : 3618 FREE UNION ROAD
01 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,746.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,571.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.83300
----------------------------------------------------------------
0 0031429889 MORTGAGORS: NOYES JEFFREY
NOYES LISA
REGION CODE ADDRESS : 6304 YOUNGS BRANCH DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,766.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031430556 MORTGAGORS: LEW DEWEY
LEW LISA
REGION CODE ADDRESS : 92 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,714.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.64600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,812,400.00
P & I AMT: 12,659.87
UPB AMT: 1,810,868.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031431240 MORTGAGORS: GRIEST H
GRIEST BARBARA
REGION CODE ADDRESS : 1187 AVONLEA CIRCLE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
0 0031431679 MORTGAGORS: NGUYEN HOANG
NGUYEN HONG
REGION CODE ADDRESS : 1703 RILEY HILL RD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,748.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.86200
----------------------------------------------------------------
0 0031431711 MORTGAGORS: GERST ERIC
GERST CAROL
REGION CODE ADDRESS : 6005 GOSHEN ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.72800
----------------------------------------------------------------
0 0031431810 MORTGAGORS: PERRY JAMES
PERRY JODI
REGION CODE ADDRESS : LOT 15 MORGAN DRIVE
01 CITY : METHUEN
STATE/ZIP : MA 01844
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,207.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.99400
----------------------------------------------------------------
0 0031431984 MORTGAGORS: MCKENNA JOHN
MCKENNA TINA
REGION CODE ADDRESS : 1729 KIOWA TRAIL
01 CITY : ELIZABETH
STATE/ZIP : CO 80107
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,409.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,623,900.00
P & I AMT: 11,492.70
UPB AMT: 1,621,004.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031432123 MORTGAGORS: SHERIDAN ROBERT
SOUTHERS ELEANOR
REGION CODE ADDRESS : 1708 PALISADES DRIVE
01 CITY : PACIFIC PALISADES AREA
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031432669 MORTGAGORS: ANTONOPOULOS THOMAS
REGION CODE ADDRESS : 149 STRATFORD RD. SO
01 CITY : ROSLYN HEIGHTS
STATE/ZIP : NY 11575
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031432701 MORTGAGORS: GATTI JOSEPH
GATTI LORI
REGION CODE ADDRESS : 79 HEIGHTS TERRACE
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 202,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,349.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,415.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.27800
----------------------------------------------------------------
0 0031433105 MORTGAGORS: CAPELLO JEFFREY
CAPELLO TANYA
REGION CODE ADDRESS : 1 HARVAD STREET
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 458,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,202.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031433220 MORTGAGORS: FORCE ROBERT
FORCE CONNIE
REGION CODE ADDRESS : 1823 NORTH MASELLI COURT
01 CITY : VISALIA
STATE/ZIP : CA 93291
MORTGAGE AMOUNT : 237,741.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,359.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,241.00
P & I AMT: 9,580.86
UPB AMT: 1,389,294.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031433360 MORTGAGORS: MARSH ROBERT
MARSH LORI
REGION CODE ADDRESS : 11 HECKLE STREET
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,223.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.35600
----------------------------------------------------------------
0 0031433543 MORTGAGORS: THOMPSON CHARLES
THOMPSON LEIGH
REGION CODE ADDRESS : 2452 HYDE MANOR DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031433717 MORTGAGORS: WASLOFF STEVEN
MERYHEW BRAD
REGION CODE ADDRESS : 3404 EAST HOWELL STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98122
MORTGAGE AMOUNT : 288,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,335.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.99200
----------------------------------------------------------------
0 0031434129 MORTGAGORS: MORSE WILLIAM
MORSE HELEN
REGION CODE ADDRESS : 7987 PINEVILLE CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 296,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,247.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031434509 MORTGAGORS: YAMIN DEBORAH
REGION CODE ADDRESS : 30 INGRAHAM ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.54700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,750.00
P & I AMT: 11,436.20
UPB AMT: 1,641,292.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031434699 MORTGAGORS: BLAKE RODGER
CONJURA ANN
REGION CODE ADDRESS : 63 DERBY LANE
01 CITY : HUNTINGTON
STATE/ZIP : WV 25705
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,672.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,324.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031434947 MORTGAGORS: JONES DANNY
JONES LAURA-LEE
REGION CODE ADDRESS : 7145 DEER VALLEY ROAD
01 CITY : HIGHLAND
STATE/ZIP : MD 20777
MORTGAGE AMOUNT : 239,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031436009 MORTGAGORS: HASHMI ASIF
HASHMI SHAZIA
REGION CODE ADDRESS : 37 SCHUERMAN TERRACE
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,392.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031436223 MORTGAGORS: EINEMAN GLENN
REYNOLDS LINDA
REGION CODE ADDRESS : 18766 AMBROSE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 289,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,008.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.90700
----------------------------------------------------------------
0 0031436397 MORTGAGORS: ZARBA JOSEPH
ZARBA ANA
REGION CODE ADDRESS : 26 DOUGLAS ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,370.00
P & I AMT: 11,471.68
UPB AMT: 1,649,993.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031436744 MORTGAGORS: GLAZE ARTHUR
GLAZE TIANNY
REGION CODE ADDRESS : 3800 JAMESTOWN ROAD
01 CITY : HATTIESBURG
STATE/ZIP : MS 39402
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,145.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,867.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031437098 MORTGAGORS: CARKEEK WILLIAM
CARKEEK SUSAN
REGION CODE ADDRESS : 3 ANATOLY COURT
01 CITY : PLACITAS
STATE/ZIP : NM 87043
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,566.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031437148 MORTGAGORS: YUEN MATTHEW
LOU ANNA
REGION CODE ADDRESS : 105 ALMOND BLOSSOM LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,691.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.83333
----------------------------------------------------------------
0 0031437874 MORTGAGORS: NORTON THOMAS
REGION CODE ADDRESS : 10771 OAKBEND DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,665.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,459.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.15200
----------------------------------------------------------------
0 0031437999 MORTGAGORS: BURKE DEBORAH
ARDERY RICHARD
REGION CODE ADDRESS : 6509 DANVILLE CT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 384,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,596.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.36000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,900.00
P & I AMT: 12,499.70
UPB AMT: 1,815,665.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031438641 MORTGAGORS: GEORGAKOPOULOS GEORGE
REGION CODE ADDRESS : 3809 PARK LAKE DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,778.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.74600
----------------------------------------------------------------
0 0031438922 MORTGAGORS: SMIRNOV SERGEY
SMIRNOV VERA
REGION CODE ADDRESS : 4 TROMBLEY DRIVE
01 CITY : LIVINGSTON TOWNSHIP
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 277,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,643.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.61600
----------------------------------------------------------------
0 0031439318 MORTGAGORS: FONTANILLA RICARDO
BARBOZA MARIA
REGION CODE ADDRESS : 6381 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 345,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,556.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98989
----------------------------------------------------------------
0 0031439565 MORTGAGORS: BROWN MIKHAEL
BROWN COLLEEN
REGION CODE ADDRESS : 188 SPRUCEMONT PL.
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,653.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.79500
----------------------------------------------------------------
0 0031439573 MORTGAGORS: GIBB COLIN
GIBB JANICE
REGION CODE ADDRESS : 445 QUAILWOOD DR
01 CITY : BLACKSBURG
STATE/ZIP : VA 24060
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,523.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,200.00
P & I AMT: 10,117.04
UPB AMT: 1,456,155.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439607 MORTGAGORS: O'BRIEN ANNE
REGION CODE ADDRESS : 1942 WEST 25TH STREET, SAN PEDRO AR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 270,677.25 OPTION TO CONVERT :
UNPAID BALANCE : 270,264.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.83100
----------------------------------------------------------------
0 0031439763 MORTGAGORS: BARBUTO ROBERT
BARBUTO LEAH
REGION CODE ADDRESS : 372 TARBOX ROAD
01 CITY : PLAINFIELD
STATE/ZIP : CT 06374
MORTGAGE AMOUNT : 80,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 570.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031440522 MORTGAGORS: LEE DENNIS
LEE KATHERINE
REGION CODE ADDRESS : 22 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 268,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,245.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031441082 MORTGAGORS: PALTSIOS PETER
PALTSIOS CAROL
REGION CODE ADDRESS : 19 SHIPLEY CIRCLE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.99100
----------------------------------------------------------------
0 0031441546 MORTGAGORS: DANIELS PAUL
DANIELS LESLIE
REGION CODE ADDRESS : 813 WEST GABRIELINO COURT
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 362,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,573.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,427.25
P & I AMT: 8,496.96
UPB AMT: 1,233,533.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031441587 MORTGAGORS: SKLOFF MICHAEL
KAUFFMAN MARTA
REGION CODE ADDRESS : 335 SOUTH RIMPAU BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90020
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,257.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,992.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 59.06600
----------------------------------------------------------------
0 0031441694 MORTGAGORS: LOSKUTOFF FRED
REGION CODE ADDRESS : 11502 MARWICK DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,623.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.98100
----------------------------------------------------------------
0 0031441751 MORTGAGORS: SCULL BRUCE
SCULL TINA
REGION CODE ADDRESS : 37 INDEPENDENCE DRIVE
01 CITY : SHELTON
STATE/ZIP : CT 06484
MORTGAGE AMOUNT : 315,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,991.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.95500
----------------------------------------------------------------
0 0031441777 MORTGAGORS: LARSON SCOTT
REGION CODE ADDRESS : 761 VININGS ESTATES DRIVE
01 CITY : MABLETON
STATE/ZIP : GA 30126
MORTGAGE AMOUNT : 354,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,037.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.58900
----------------------------------------------------------------
0 0031441918 MORTGAGORS: LOUDENSLAGER GEORGE
LOUDENSLAGER EILEEN
REGION CODE ADDRESS : 79 ATTERBURY BOULEVARD UNIT 79-312
01 CITY : HUDSON VILLAGE
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 40,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 40,117.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 313.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,944,850.00
P & I AMT: 13,463.53
UPB AMT: 1,943,026.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031442189 MORTGAGORS: TAYLOR GERALD
TAYLOR BARBARA
REGION CODE ADDRESS : 18657 SANTA YNEZ STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,396.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.42657
----------------------------------------------------------------
0 0031442288 MORTGAGORS: SHAH MUKESH
SHAH AVNI
REGION CODE ADDRESS : 43245 LUZON DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 407,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,623.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,917.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031442304 MORTGAGORS: COMEAU STEPHEN
COMEAU SUZANNE
REGION CODE ADDRESS : 53 BRIDLE PATH
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,824.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.14900
----------------------------------------------------------------
0 0031442346 MORTGAGORS: HUMPHRIES LEN
HUMPHRIES KATHY
REGION CODE ADDRESS : 9015 VALLEY VIEW DRIVE
01 CITY : SKIATOOK
STATE/ZIP : OK 74070
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,622.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.17241
----------------------------------------------------------------
0 0031442668 MORTGAGORS: VARGO JEFFREY
VARGO JAMIE
REGION CODE ADDRESS : 2428 RUTLAND PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,200.00
P & I AMT: 9,908.85
UPB AMT: 1,424,244.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031443211 MORTGAGORS: GELINAS JOHN
BUDDENHAGEN HELEN
REGION CODE ADDRESS : 58 DRUMMER LANE
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031443922 MORTGAGORS: DO CHRIS
HUANG LI-CHUN
REGION CODE ADDRESS : 135 VISTA PLACE
01 CITY : VENICE AREA, LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 426,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,075.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,945.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031443989 MORTGAGORS: TUCKWOOD JEFFREY
TUCKWOOD PAMELA
REGION CODE ADDRESS : 190 CHERYL BECK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031444557 MORTGAGORS: BEAUDOUIN MARK
BEAUDOUIN KATHARINE
REGION CODE ADDRESS : 65 GLEN STREET
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,294.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.43300
----------------------------------------------------------------
0 0031444896 MORTGAGORS: YOUNG ALBERT
REGION CODE ADDRESS : 2417 FOX CHASE BOULEVARD
01 CITY : TROY
STATE/ZIP : MI 48098
MORTGAGE AMOUNT : 471,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,815.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,337.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.48600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,791,900.00
P & I AMT: 12,458.00
UPB AMT: 1,789,528.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031444995 MORTGAGORS: SIGMUND JOEL
WEINBERG-SIGMUND LESLIE
REGION CODE ADDRESS : 3604 WADE STREET
01 CITY : LOS ANGELES (MAR VISTA AR
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,344.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031445554 MORTGAGORS: KIM KWAN
KIM CHANG
REGION CODE ADDRESS : 20616 TRUSS COURT
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,380.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031445703 MORTGAGORS: WALERA EDWARD
WALERA LISA
REGION CODE ADDRESS : 1735 CENTER ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031445901 MORTGAGORS: SMITH THOMAS
SMITH PATRICIA
REGION CODE ADDRESS : 1631 184TH AVE NE
01 CITY : BELLEVUE
STATE/ZIP : WA 98008
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031445984 MORTGAGORS: COBB REGINALD
COBB RUTH
REGION CODE ADDRESS : 47017 PALO AMARILLO DRIVE
01 CITY : FREEMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,334.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,795.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.92000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,800.00
P & I AMT: 12,184.93
UPB AMT: 1,757,484.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446107 MORTGAGORS: CROFTON WALTER
CROFTON JACQUELYN
REGION CODE ADDRESS : 25568 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 337,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,758.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031446271 MORTGAGORS: BENNETT GUY
BENNETT SABRINA
REGION CODE ADDRESS : 6843 50TH AVENUE NORTHEAST
01 CITY : SEATTLE
STATE/ZIP : WA 98115
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,673.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,478.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.62300
----------------------------------------------------------------
0 0031446321 MORTGAGORS: STEVENS RANDY
REGION CODE ADDRESS : 465 HIGGINS STREET
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,269.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.23500
----------------------------------------------------------------
0 0031446420 MORTGAGORS: BARKER PAUL
BARKER ELLEN
REGION CODE ADDRESS : 522 OAKSHIRE PLACE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,453.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.51800
----------------------------------------------------------------
0 0031446453 MORTGAGORS: BOVBJERG RANDALL
BOVBJERG BARBARA
REGION CODE ADDRESS : 3644 KANAWHA STREET N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,757,750.00
P & I AMT: 11,955.42
UPB AMT: 1,755,932.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446479 MORTGAGORS: THOMAS L.
THOMAS GARLA
REGION CODE ADDRESS : 122 HIDDEN LAKE RANCH ROAD
01 CITY : ALEDO
STATE/ZIP : TX 76008
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,446.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 73.64700
----------------------------------------------------------------
0 0031446859 MORTGAGORS: RICHTER JON
RICHTER CARMEN
REGION CODE ADDRESS : 254 NORTH BOWMAN AVENUE
01 CITY : MERION STATION
STATE/ZIP : PA 19066
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,992.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031446883 MORTGAGORS: BEGIEN JULIAN
REGION CODE ADDRESS : 125-131 PARK DRIVE UNIT #131-5
01 CITY : BOSTON
STATE/ZIP : MA 02215
MORTGAGE AMOUNT : 38,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 38,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 316.74 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 9.25000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031446974 MORTGAGORS: HALE CLINTON
REGION CODE ADDRESS : 2635 HIGHWAY 98 WEST
01 CITY : MARY ESTHER
STATE/ZIP : FL 32569
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,791.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.98700
----------------------------------------------------------------
0 0031447139 MORTGAGORS: MOODY MICHELLE
REGION CODE ADDRESS : 2027 NORTH HOWE STREET #2
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 281,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,435.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,150.00
P & I AMT: 9,223.65
UPB AMT: 1,341,173.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031447253 MORTGAGORS: SIMON PAUL
SIMON SUSAN
REGION CODE ADDRESS : 2268 MORENO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,634.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447691 MORTGAGORS: STRYKER JAMES
STRYKER JEAN
REGION CODE ADDRESS : 27 HICKORY HILL LANE
01 CITY : BRANFORD
STATE/ZIP : CT 06405
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031447733 MORTGAGORS: WALKER MITCHELL
WALKER AIMEE
REGION CODE ADDRESS : 2419 TESLA TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,349.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031447816 MORTGAGORS: ROBINSON DAVID
ROBINSON JULIE
REGION CODE ADDRESS : 5311 DEL MONTE DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447824 MORTGAGORS: DICKIE CHRISTOPHER
DICKIE DARLENE
REGION CODE ADDRESS : 5034 COMMONWEALTH AVENUE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,600.00
P & I AMT: 11,769.51
UPB AMT: 1,712,603.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448053 MORTGAGORS: KAZARIAN KENNETH
REGION CODE ADDRESS : 103 WILSON AVENUE
01 CITY : EAST PROVIDENCE
STATE/ZIP : RI 02916
MORTGAGE AMOUNT : 138,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,823.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,036.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 58.72300
----------------------------------------------------------------
0 0031448095 MORTGAGORS: BOLLAND ERIC
BOLLAND PATRICIA
REGION CODE ADDRESS : 5943 BRIDGEVIEW DRIVE
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,762.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.41600
----------------------------------------------------------------
0 0031448103 MORTGAGORS: HUDSON SCOTT
HUDSON GWENDOLYN
REGION CODE ADDRESS : 25445 DOYLE COURT
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.91500
----------------------------------------------------------------
0 0031448129 MORTGAGORS: FERGUSON ROBERT
FERGUSON GLORIA
REGION CODE ADDRESS : 25792 CLEAR SPRINGS COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 265,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,547.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031448301 MORTGAGORS: DEICAS RONALD
OSTER ALLAN
REGION CODE ADDRESS : 56 DISPATCH DRIVE
01 CITY : WASHINGTON CROSSING
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 273,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,257.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,247,200.00
P & I AMT: 8,718.42
UPB AMT: 1,245,973.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448764 MORTGAGORS: LEE WILLIAM
REGION CODE ADDRESS : 23961 FRIGATE DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,810.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.05194
----------------------------------------------------------------
0 0031448905 MORTGAGORS: NIELSEN CAMILLA
REGION CODE ADDRESS : 24 EAST SCOTT STREET #3
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,308.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449010 MORTGAGORS: EAGLE CHARLES
EAGLE DONNA
REGION CODE ADDRESS : 210 SPRING HOLLOW ROAD
01 CITY : WOODSTOCK
STATE/ZIP : VA 22664
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449119 MORTGAGORS: GAITENS GREGORY
GAITENS CARA
REGION CODE ADDRESS : 8 SHANNON LANE
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031449150 MORTGAGORS: EVANS G
EVANS LISA
REGION CODE ADDRESS : 91 WITHERELL DRIVE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.01300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,724,000.00
P & I AMT: 11,947.14
UPB AMT: 1,722,920.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031449184 MORTGAGORS: OLSON JILL
OLSON DONALD
REGION CODE ADDRESS : 8 LANTERN LANE
01 CITY : GEORGETOWN
STATE/ZIP : MA 01833
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.51900
----------------------------------------------------------------
0 0031449408 MORTGAGORS: CHRISTENSEN GARY
REGION CODE ADDRESS : 5150 SHULTZ PASS ROAD
01 CITY : FLAGSTAFF
STATE/ZIP : AZ 86001
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,279.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449572 MORTGAGORS: RYAN MAURICE
RYAN KATHLEEN
REGION CODE ADDRESS : 1007 HILL MEADOW PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,222.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.22300
----------------------------------------------------------------
0 0031449598 MORTGAGORS: JACKSON WILBERT
JACKSON TIFFANY
REGION CODE ADDRESS : 2505 BONNIE BRAE AVENUE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,954.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031449671 MORTGAGORS: ARANDA CARLOS
ARANDA ANGELICA
REGION CODE ADDRESS : 599 4TH AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94063
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,624.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,633,650.00
P & I AMT: 11,217.61
UPB AMT: 1,631,841.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031449713 MORTGAGORS: MORARU SILLVIU
MORARU NICOLEIA
REGION CODE ADDRESS : 813 SAXON TRAIL
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 253,198.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,799.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031450018 MORTGAGORS: SANDERSON RICHARD
SANDERSON LUCILLE
REGION CODE ADDRESS : 612 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 343,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,704.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.88300
----------------------------------------------------------------
0 0031450067 MORTGAGORS: WOLFE LEE
WOLFE CINDY
REGION CODE ADDRESS : 3168 FERNCREST PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 235,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,589.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031450133 MORTGAGORS: ENGLER-CONTRERAS MARY
CONTRERAS EDWARD
REGION CODE ADDRESS : 4701 CASTLEWOOD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 319,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,323.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.95000
----------------------------------------------------------------
0 0031450240 MORTGAGORS: DOUDA DENNIS
DOUDA MARILEE
REGION CODE ADDRESS : 6423 GLACIER LANE NORTH
01 CITY : MAPLE GROVE
STATE/ZIP : MN 55311
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,648.00
P & I AMT: 9,677.20
UPB AMT: 1,405,417.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450299 MORTGAGORS: ANDRUS RAY
REGION CODE ADDRESS : 207 CONSTITUTION DRIVE
01 CITY : MAURICE
STATE/ZIP : LA 70555
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,698.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 911.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031450455 MORTGAGORS: MOYLAN THOMAS
LEWIS HEATHER
REGION CODE ADDRESS : 651 WEST ROXBURY PARKWAY
01 CITY : WEST ROXBURY
STATE/ZIP : MA 02132
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,827.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.80400
----------------------------------------------------------------
0 0031450661 MORTGAGORS: HIZAMI ISHAI
HIZAMI LORRAINE
REGION CODE ADDRESS : 3025 DONA NENITA PLACE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 539,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,099.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,772.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.40100
----------------------------------------------------------------
0 0031451289 MORTGAGORS: WILLIAMS STEVEN
WILLIAMS LAURA
REGION CODE ADDRESS : 2700 ALEJANDRO LANE NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87104
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,436.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 43.63600
----------------------------------------------------------------
0 0031451339 MORTGAGORS: GOLAND DIANE
REGION CODE ADDRESS : 118 NORTH TURN LANE
01 CITY : LEVITTOWN
STATE/ZIP : PA 19054
MORTGAGE AMOUNT : 94,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,727.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 654.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,300.00
P & I AMT: 9,549.76
UPB AMT: 1,369,789.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031451537 MORTGAGORS: OELBERG DAVID
FRAENKEL LIANA
REGION CODE ADDRESS : 3 MIYA LANE
01 CITY : SANDY HOOK
STATE/ZIP : CT 06482
MORTGAGE AMOUNT : 237,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,569.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98318
----------------------------------------------------------------
0 0031451735 MORTGAGORS: ARNOLD JEANNE
DESASIA DELIA
REGION CODE ADDRESS : 3724 BEVERLY RIDGE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,791.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031451768 MORTGAGORS: BIRLE HANS
BIRLE ANN
REGION CODE ADDRESS : 159 FARM LANE
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031451958 MORTGAGORS: SEDNEY LEONARD
SEDNEY ALISON
REGION CODE ADDRESS : 20 BLACKMAN ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 326,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,969.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.98800
----------------------------------------------------------------
0 0031452915 MORTGAGORS: KAPLAN KENNETH
GOLD JEAN
REGION CODE ADDRESS : 2500 GOLDCUP LANE
01 CITY : RESTON
STATE/ZIP : VA 22091
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,746.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.72727
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,750.00
P & I AMT: 10,098.87
UPB AMT: 1,454,876.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031453459 MORTGAGORS: O'BARR KEVIN
O'BARR SABRINA
REGION CODE ADDRESS : 2102 EAST NORWOOD STREET
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031453590 MORTGAGORS: VALLES JOAQUIN
REGION CODE ADDRESS : 6360 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 252,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,705.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031453632 MORTGAGORS: FREDERICK RALPH
FREDERICK REBECCA
REGION CODE ADDRESS : 19613 DARIEN PLACE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,590.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031453640 MORTGAGORS: MESALAM MAUREEN
REGION CODE ADDRESS : 9621 CLAYMOUNT LANE
01 CITY : FISHERS
STATE/ZIP : IN 46038
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,315.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.96700
----------------------------------------------------------------
0 0031453681 MORTGAGORS: WRIGHT DAVID
WRIGHT KELLEY
REGION CODE ADDRESS : 745 LOMA VISTA STREET
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,560.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,400.00
P & I AMT: 9,072.06
UPB AMT: 1,308,772.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031454036 MORTGAGORS: MORITZ WARREN
MORITZ CLAUDIA
REGION CODE ADDRESS : 3412 VIRGIL CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,795.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.80600
----------------------------------------------------------------
0 0031454143 MORTGAGORS: BELL RODNEY
REGION CODE ADDRESS : 18500 NALL
01 CITY : STILWELL
STATE/ZIP : KS 66085
MORTGAGE AMOUNT : 487,448.34 OPTION TO CONVERT :
UNPAID BALANCE : 487,077.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,366.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.99100
----------------------------------------------------------------
0 0031454275 MORTGAGORS: BRODLE JEROME
BRODLE SHAHEEN
REGION CODE ADDRESS : 5706 SW HAMILTON STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97221
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,819.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.40000
----------------------------------------------------------------
0 0031454556 MORTGAGORS: GANNAWAY RICHARD
GANNAWAY DEBORAH
REGION CODE ADDRESS : 19607 AUBURN MEADOWS DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 271,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,482.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031454697 MORTGAGORS: WILLIAMS ANTHONY
WILLIAMS CINDI
REGION CODE ADDRESS : 1707 N. INGLEWOOD STREET
01 CITY : NORTH ARLINGTON
STATE/ZIP : VA 22205
MORTGAGE AMOUNT : 321,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,967.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,348.34
P & I AMT: 11,345.51
UPB AMT: 1,621,142.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031454721 MORTGAGORS: DUDDY PHILIP
REGION CODE ADDRESS : 20 LURA LANE
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,894.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,074.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 53.57100
----------------------------------------------------------------
0 0031455231 MORTGAGORS: RODGERS DENISE
REGION CODE ADDRESS : 50 GRANDVIEW PLACE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.35800
----------------------------------------------------------------
0 0031455306 MORTGAGORS: TASSELY RONALD
REGION CODE ADDRESS : 173 BLEECKER ST. #17
01 CITY : NEW YORK
STATE/ZIP : NY 10012
MORTGAGE AMOUNT : 63,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 63,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 456.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031455918 MORTGAGORS: FERNANDEZ RAUL
FERNANDEZ ROSEMARIE
REGION CODE ADDRESS : 22 KINGFISHER COURT
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,566.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.88800
----------------------------------------------------------------
0 0031455975 MORTGAGORS: SHEA WARREN
SHEA KATHRYN
REGION CODE ADDRESS : 968 CHEROKEE COURT
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.04700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,077,500.00
P & I AMT: 7,477.63
UPB AMT: 1,076,960.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031456445 MORTGAGORS: MEDINA MARK
MEDINA TRACY
REGION CODE ADDRESS : 7620 EAST BIG CANYON DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,285.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031456486 MORTGAGORS: BEETLEY LESLIE
BEETLEY PHIL
REGION CODE ADDRESS : 9817 E NORTHWIND DRIVE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46256
MORTGAGE AMOUNT : 243,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,719.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031456601 MORTGAGORS: JAFFE JOEL
REGION CODE ADDRESS : 13316 MULHOLLAND DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,835.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,259.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 36.29600
----------------------------------------------------------------
0 0031456635 MORTGAGORS: MANASSE MICHAEL
MANASSE MA. CRISTINA
REGION CODE ADDRESS : 937 10TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,452.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.84600
----------------------------------------------------------------
0 0031456783 MORTGAGORS: FORGRAVE CINDY
BAGA PETER
REGION CODE ADDRESS : 4966-68 17TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,695.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,979.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,779,400.00
P & I AMT: 12,205.37
UPB AMT: 1,774,987.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031457047 MORTGAGORS: COLUCCI DARIN
COLUCCI CECILIA
REGION CODE ADDRESS : 4 SIOUX DRIVE
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,767.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.48000
----------------------------------------------------------------
0 0031457302 MORTGAGORS: PAPPAS LEE
REGION CODE ADDRESS : 50 SOLETHER LANE
01 CITY : CHARGRIN FALLS
STATE/ZIP : OH 44022
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.25200
----------------------------------------------------------------
0 0031457443 MORTGAGORS: KENYON WALTER
KENYON ELIZABETH
REGION CODE ADDRESS : 104 REVERE STREET
01 CITY : BOSTON
STATE/ZIP : MA 02114
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 50.25100
----------------------------------------------------------------
0 0031457963 MORTGAGORS: STARK GORDON
KEEFER LINDA
REGION CODE ADDRESS : 12542 HORTENSE STREET
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,349.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031457997 MORTGAGORS: CERTO JOSEPH
CERTO DAWN
REGION CODE ADDRESS : 611 GOLF CLUB ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,796.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,571.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,793,200.00
P & I AMT: 12,212.43
UPB AMT: 1,791,685.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031458052 MORTGAGORS: GECKER IAN
GECKER LYDIA
REGION CODE ADDRESS : 2185 N TIMBERGROVE ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 415,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,876.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,832.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031458631 MORTGAGORS: RODRIGUEZ RUBEN
RODRIGUEZ YOLANDA
REGION CODE ADDRESS : 2 EL VECINO PLACE
01 CITY : POMONA
STATE/ZIP : CA 91766
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,816.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.27700
----------------------------------------------------------------
0 0031459225 MORTGAGORS: CHEUNG PETER
CHEUNG MELANIE
REGION CODE ADDRESS : 1474 S. HETTEMA PLACE
01 CITY : YUMA
STATE/ZIP : AZ 85364
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031459530 MORTGAGORS: HUTTER STEPHEN
HUTTER LAURA
REGION CODE ADDRESS : 347 GRIST MILL RD
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
0 0031459613 MORTGAGORS: WOHLGEMUTH JERROLD
WOHLGEMUTH SUSAN
REGION CODE ADDRESS : 2 NORTHRIDGE WAY
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.19700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,200.00
P & I AMT: 12,122.61
UPB AMT: 1,740,097.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459811 MORTGAGORS: DELANEY WILLIAM
DELANEY SUSAN
REGION CODE ADDRESS : 3333 MERION PLACE
01 CITY : MT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,523.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.10600
----------------------------------------------------------------
0 0031459902 MORTGAGORS: WALLRICH RICHARD
WALLRICH SAVETH
REGION CODE ADDRESS : 6533 NOTRE DAME DRIVE
01 CITY : BUENA PARK
STATE/ZIP : CA 90620
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,577.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.69400
----------------------------------------------------------------
0 0031459951 MORTGAGORS: HOWARD TERENCE
HOWARD SUZANNE
REGION CODE ADDRESS : 2175 CYPRESS STREET
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 233,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,884.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031460017 MORTGAGORS: GAYLOR THEODORE
GAYLOR ROCHELLE
REGION CODE ADDRESS : 6549 NW 42ND WAY
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460025 MORTGAGORS: WATSON CLIVE
WATSON VICTORIA
REGION CODE ADDRESS : 12775 CANTER DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 269,532.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,110.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,032.00
P & I AMT: 9,456.40
UPB AMT: 1,321,888.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460603 MORTGAGORS: HSING GEORGE
HSING JOANNE
REGION CODE ADDRESS : 10118 CRESCENT COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 523,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,191.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,571.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.11500
----------------------------------------------------------------
0 0031460686 MORTGAGORS: FAJARDO ROMMEL
FAJARDO JOANNA
REGION CODE ADDRESS : 19302 ALDERBARN COURT
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,611.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460728 MORTGAGORS: HAUPT ROBERT
REGION CODE ADDRESS : 12729 EAST RANCHO ESTATES PLACE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 259,142.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,350.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031460876 MORTGAGORS: MCMINN ROGER
MCMINN SUSAN
REGION CODE ADDRESS : 13421 CALLE COLINA
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0031461031 MORTGAGORS: SEKERMESTROVICH DENNIS
SEKERMESTROVICH DEBRA
REGION CODE ADDRESS : 45835 CORTE RICARDO
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,070.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,792.00
P & I AMT: 10,783.56
UPB AMT: 1,563,001.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031461056 MORTGAGORS: ENGLE JAMES
ENGLE JOYCE
REGION CODE ADDRESS : 522 WINDMERE CIRCLE
01 CITY : PRESCOTT
STATE/ZIP : AZ 86303
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,753.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.12100
----------------------------------------------------------------
0 0031461080 MORTGAGORS: FRIO DENNIS
LACCITIELLO DAWN
REGION CODE ADDRESS : 7 REYNOLDS ROAD
01 CITY : PEQUANNOCK
STATE/ZIP : NJ 07440
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,406.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031461254 MORTGAGORS: HARDEN JAMES
HARDEN JACQUELINE
REGION CODE ADDRESS : 177 D. DUNDEE ROAD
01 CITY : BARRINGTON HILLS
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,440.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031461338 MORTGAGORS: GOLDING FRANK
GOLDING KAREN
REGION CODE ADDRESS : 358 CROWS NEST DRIVE
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,574.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
0 0031461387 MORTGAGORS: PEARSON DANIEL
PEARSON GRETCHEN
REGION CODE ADDRESS : 248 SUN RIDGE DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,386.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.11650
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,624,000.00
P & I AMT: 11,116.55
UPB AMT: 1,620,562.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031461411 MORTGAGORS: JOHNSON MICHELLE
JOHNSON ANTHONY
REGION CODE ADDRESS : 1001 DRAKE AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,480.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.41400
----------------------------------------------------------------
0 0031461429 MORTGAGORS: STEPHENS BRUCE
STEPHENS DARCY
REGION CODE ADDRESS : 19410 LOVALL VALLEY COURT
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.39100
----------------------------------------------------------------
0 0031461494 MORTGAGORS: NELSON RICHARD
NELSON VERA
REGION CODE ADDRESS : 4791 COPPERFIELD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031461536 MORTGAGORS: EDMONDS RUSSELL
EDMONDS ANGELA
REGION CODE ADDRESS : 35131 ROBINSONG AVENUE
01 CITY : AGUA DULCE AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,536.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031461965 MORTGAGORS: BUNNELL JEFFREY
BUNNELL REBECCA
REGION CODE ADDRESS : 1352 CEDAR STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,475.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.11900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,842,000.00
P & I AMT: 12,594.50
UPB AMT: 1,840,073.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462856 MORTGAGORS: SEVERT DAVID
SEVERT GAIL
REGION CODE ADDRESS : 35 OUTLOOK ROAD
01 CITY : WAKEFIELD
STATE/ZIP : MA 01880
MORTGAGE AMOUNT : 241,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,551.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.98300
----------------------------------------------------------------
0 0031463110 MORTGAGORS: LE VUI
LAM LAI
REGION CODE ADDRESS : 34399 LIVORNA TERRACE #42
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,319.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.93134
----------------------------------------------------------------
0 0031463169 MORTGAGORS: LIN JEFF
LIN STACY
REGION CODE ADDRESS : 34654 HURST AVE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,674.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
0 0031463342 MORTGAGORS: CORELL ROGER
CORELL SHARON
REGION CODE ADDRESS : 4026 ALAMO COURT
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 287,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,666.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031463508 MORTGAGORS: KRUGER MARTIN
KRUGER PATRICIA
REGION CODE ADDRESS : 6 ROGERS ROAD
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 637,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 636,027.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,399.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.94100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,800.00
P & I AMT: 11,919.88
UPB AMT: 1,738,240.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031463524 MORTGAGORS: HARTIG ROBERT
REGION CODE ADDRESS : 58 BOULEVARD AVENUE
01 CITY : GREENLAWN
STATE/ZIP : NY 11740
MORTGAGE AMOUNT : 55,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,963.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 403.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 34.37500
----------------------------------------------------------------
0 0031463938 MORTGAGORS: BOYADJIAN SIMON
REGION CODE ADDRESS : 1850 ROSLYN RIDGE ROAD
01 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,508.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.68200
----------------------------------------------------------------
0 0031464217 MORTGAGORS: URBEN BRUCE
URBEN CAROL
REGION CODE ADDRESS : 39373 N.107TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 597,587.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.61300
----------------------------------------------------------------
0 0031464662 MORTGAGORS: WONG BRANDON
WONG CAROLINE
REGION CODE ADDRESS : 574 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 288,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,001.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0031464878 MORTGAGORS: ALLEN WILLIAM
ALLEN SHARON
REGION CODE ADDRESS : 3 BOND STREET
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,129.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.36800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,400.00
P & I AMT: 10,927.30
UPB AMT: 1,525,190.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031465040 MORTGAGORS: COHEN BENNETT
VILLARREAL EDIT
REGION CODE ADDRESS : 1970 NORTH MONON STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,644.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.03200
----------------------------------------------------------------
0 0031465123 MORTGAGORS: MORILLO FERNANDO
REGION CODE ADDRESS : 220 GREENWOOD DRIVE
01 CITY : KEY BISCAYNE
STATE/ZIP : FL 33149
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,532.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,405.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031465180 MORTGAGORS: KIM BYUNG
KIM TAE
REGION CODE ADDRESS : 26 TENNESSEE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 302,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,260.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031465263 MORTGAGORS: GROSS LOUIS
GROSS JOAN
REGION CODE ADDRESS : 12850 CAMINETO BESO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 282,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,445.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031466196 MORTGAGORS: GITTLEMAN VICTOR
GITTLEMAN ELISA
REGION CODE ADDRESS : 46 SKYLINE DRIVE
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,350.00
P & I AMT: 12,823.92
UPB AMT: 1,826,882.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031466402 MORTGAGORS: DALY WILLIAM
YAMATE PATRICIA
REGION CODE ADDRESS : 1140 CHURCH ST
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,597.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.77600
----------------------------------------------------------------
0 0031467012 MORTGAGORS: BENADON JACOB
BENADON KATHLEEN
REGION CODE ADDRESS : 3848 RHODES AVENUE
01 CITY : LOS ANGELES STUDIO CITY A
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,567.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031467038 MORTGAGORS: DROOKS MARK
GOLD DONNA
REGION CODE ADDRESS : 2208 DUXBURY CIRCLE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 647,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,519.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,523.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.94200
----------------------------------------------------------------
0 0031467152 MORTGAGORS: KIESSIG RUSSELL
KIESSIG CAROL
REGION CODE ADDRESS : 6310 VERDUGO RANCH WAY
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93405
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,543.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,144.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0031467483 MORTGAGORS: LOVEYS LUKE
LOVEYS ALICE
REGION CODE ADDRESS : 32 SUNRISE HILL
01 CITY : PITTSFORD
STATE/ZIP : NY 14534
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,719.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,194,800.00
P & I AMT: 15,254.48
UPB AMT: 2,192,948.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031467517 MORTGAGORS: SCHMID MICHAEL
WELLS KATHLEEN
REGION CODE ADDRESS : 9214 WALLER ROAD EAST
01 CITY : TACOMA
STATE/ZIP : WA 98446
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,816.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.53200
----------------------------------------------------------------
0 0031467525 MORTGAGORS: YOUNG DAVID
YOUNG MICHELLE
REGION CODE ADDRESS : 172 MILL RIVER ROAD
01 CITY : CHAPPAQUA
STATE/ZIP : NY 10514
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.26400
----------------------------------------------------------------
0 0031467624 MORTGAGORS: COOKE CHRISTIAN
COOKE LORRI
REGION CODE ADDRESS : 2080 OAK HILL ROAD
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 276,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.98400
----------------------------------------------------------------
0 0031467764 MORTGAGORS: VITKUS SHEILA
BROWN MICHAEL
REGION CODE ADDRESS : 26 CEDAR LANE
01 CITY : EAST SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,786.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.63600
----------------------------------------------------------------
0 0031467921 MORTGAGORS: SIMS WILBUR
SIMS ODETTE
REGION CODE ADDRESS : 229 VIA LANTANA
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.65000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,279,200.00
P & I AMT: 8,704.63
UPB AMT: 1,278,213.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031468093 MORTGAGORS: BARNES JOHN
BARNES TRICIA
REGION CODE ADDRESS : 15 LAS PIEDRAS
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 372,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,817.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,540.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031468234 MORTGAGORS: CLARK RICHARD
CLARK FRANCES
REGION CODE ADDRESS : 1486 WATERFRONT ROAD
01 CITY : RESTON
STATE/ZIP : VA 22094
MORTGAGE AMOUNT : 425,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,800.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,830.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.98200
----------------------------------------------------------------
0 0031468432 MORTGAGORS: RANDALL RORY
RANDALL EILEEN
REGION CODE ADDRESS : 12779 CALLE DE LA SIENA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 313,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,067.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.69300
----------------------------------------------------------------
0 0031468549 MORTGAGORS: EVANS SUSAN
REGION CODE ADDRESS : 451 STEVENS AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 321,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,061.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031468911 MORTGAGORS: DOUGHERTY ELIZABETH
PHILLIPS MICHAEL
REGION CODE ADDRESS : 284 SCHOOL STREET
01 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,804.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,676,500.00
P & I AMT: 11,452.38
UPB AMT: 1,674,551.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031469026 MORTGAGORS: MEYER THOMAS
MEYER DEBORAH
REGION CODE ADDRESS : 3 TIMBER GREEN COURT
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.63200
----------------------------------------------------------------
0 0031469125 MORTGAGORS: STREETER MARTIN
STREETER KATHY
REGION CODE ADDRESS : 32 SHAW STREET
01 CITY : NEWTON
STATE/ZIP : MA 02165
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.22600
----------------------------------------------------------------
0 0031469216 MORTGAGORS: CARBONE THOMAS
CARBONE MARY KAY
REGION CODE ADDRESS : 4 STRAIGHTSMOUTH WAY
01 CITY : ROCKPORT
STATE/ZIP : MA 01966
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0031469398 MORTGAGORS: LIFSON DALE
LIFSON ANITA
REGION CODE ADDRESS : 46 SNEIDER ROAD
01 CITY : TWP. OF WARREN
STATE/ZIP : NJ 07060
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.45400
----------------------------------------------------------------
0 0031469638 MORTGAGORS: ROBINS KENNETH
MEYER PHILIP
REGION CODE ADDRESS : 5600 GREEN OAK DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,463.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.22400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,000.00
P & I AMT: 11,555.94
UPB AMT: 1,645,962.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031469695 MORTGAGORS: MALKUS GAIL
REGION CODE ADDRESS : 5444 RENAISSANCE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,753.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.21300
----------------------------------------------------------------
0 0031470107 MORTGAGORS: CHRISTENSEN DENNIS
CHRISTENSEN MARLYN
REGION CODE ADDRESS : 2 EAST ATLANTIC AVENUE
01 CITY : HARVEY CEDARS
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,319.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.38200
----------------------------------------------------------------
0 0031470172 MORTGAGORS: KARAS SPIROS
REGION CODE ADDRESS : 538 MOUNTAIN AVENUE
01 CITY : NORTH CALDWELL
STATE/ZIP : NJ 07006
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,697.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031470511 MORTGAGORS: LEISTIKOW ALFRED
LEISTIKOW JOAN
REGION CODE ADDRESS : 11.187 ACRES GARZA LANE
01 CITY : LITTLE ELM
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 449,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,658.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,101.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.77193
----------------------------------------------------------------
0 0031470743 MORTGAGORS: FLORA JONATHAN
MORGAN EMILY
REGION CODE ADDRESS : 4440 DEL MONTE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,569.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.29300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,723,500.00
P & I AMT: 12,029.12
UPB AMT: 1,721,999.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471006 MORTGAGORS: SAVALLA MARK
ROSENSTEEL-SAVALLA CHRISTINE
REGION CODE ADDRESS : 2929 MAIDEN LANE
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,787.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.52600
----------------------------------------------------------------
0 0031471147 MORTGAGORS: HOLT CURTIS
HOLT LORI
REGION CODE ADDRESS : 16470 ROYAL HILLS DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,674.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031471493 MORTGAGORS: RHIND-TUTT STEPHEN
CRONIN JANICE
REGION CODE ADDRESS : 38 ALEXANDER STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 449,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99400
----------------------------------------------------------------
0 0031471543 MORTGAGORS: SPRUCE DUARD
REGION CODE ADDRESS : 2206 INVERENESS DRIVE
01 CITY : PENSACOLA
STATE/ZIP : FL 32503
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,130.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031471600 MORTGAGORS: BLOOM DAVID
BLOOM TAMMY
REGION CODE ADDRESS : 16 ARUBA BEND
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 341,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,496.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.93400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,250.00
P & I AMT: 12,318.11
UPB AMT: 1,780,038.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471626 MORTGAGORS: VADHEIM JEFFREY
REGION CODE ADDRESS : 101 WEST GLENDALE AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.38800
----------------------------------------------------------------
0 0031471659 MORTGAGORS: O'KEEFE LAWRENCE
O'KEEFE GAIL
REGION CODE ADDRESS : 18 WILDWOOD ROAD
01 CITY : DANVERS
STATE/ZIP : MA 01923
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,416.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031471709 MORTGAGORS: PUCCINELLI JAMES
REGION CODE ADDRESS : 86 FAIRMOUNT ROAD EAST
01 CITY : TEWKSBURY
STATE/ZIP : NJ 08858
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,710.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031471774 MORTGAGORS: WIETFELDT PETER
AUYEUNG-WIETFELDT JOCELYN
REGION CODE ADDRESS : 168 FOREST STREET
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,276.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
0 0031471923 MORTGAGORS: COHN DANIEL
FERNANDEZ-COHN CYNTHIA
REGION CODE ADDRESS : 2604 LA PALOMA LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,500.00
P & I AMT: 10,955.37
UPB AMT: 1,511,612.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471931 MORTGAGORS: CROW STEPHEN
ROSS WILLIAM
REGION CODE ADDRESS : 779 WALLER STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,770.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031472046 MORTGAGORS: HOWARD CLARK
HOWARD LENETTE
REGION CODE ADDRESS : 25535 CRESTFIELD DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 301,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,277.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031472079 MORTGAGORS: PACHECO VERA
REGION CODE ADDRESS : 835 CUMBERLAND ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,705.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.79200
----------------------------------------------------------------
0 0031472475 MORTGAGORS: MANELA FLAVIO
MANELA DORA
REGION CODE ADDRESS : 2108 187TH AVENUE N.E.
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,982.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031472814 MORTGAGORS: LIOTTA MICHELLE
REGION CODE ADDRESS : 652 PALISADES DRIVE
01 CITY : PACIFIC PALISADES AREA LO
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,629.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 73.52900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,812,950.00
P & I AMT: 12,754.25
UPB AMT: 1,811,365.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031472871 MORTGAGORS: KNOLES JAMES
BARNES LISA
REGION CODE ADDRESS : 18 MONSERRAT AVENUE
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031472996 MORTGAGORS: GOLDMAN SHELDON
GOLDMAN JUDY
REGION CODE ADDRESS : 108 GREENBANK DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 616,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 615,495.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,098.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031473002 MORTGAGORS: KUMAR DINESH
DEVARAJAN KAMAKSHI
REGION CODE ADDRESS : 339 CORONADO AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031473168 MORTGAGORS: GOODMAN KENNETH
GOODMAN CINDY
REGION CODE ADDRESS : 12648 BYRON AVENUE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,815.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031473267 MORTGAGORS: HARRIS JAMES
HARRIS PATRICIA
REGION CODE ADDRESS : 3072 BURNEY PLACE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,472.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.18500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,724,000.00
P & I AMT: 11,694.99
UPB AMT: 1,722,373.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473358 MORTGAGORS: BARNES TERRY
BARNES CHARLOTTE
REGION CODE ADDRESS : 14463 ASHBURY DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,506.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0031473499 MORTGAGORS: RITTER JAMES
RITTER LORENE
REGION CODE ADDRESS : 4358 CAMPHOR AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,111.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031473622 MORTGAGORS: BOWMAN CURTIS
NEHME ANN MARIE
REGION CODE ADDRESS : 10 WEBSTER AVENUE
01 CITY : BEVERLY FARMS
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.86400
----------------------------------------------------------------
0 0031473663 MORTGAGORS: BARNETT BLAKE
BARNETT KATHY
REGION CODE ADDRESS : 24892 CALLE CARMEL
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,790.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.61400
----------------------------------------------------------------
0 0031473705 MORTGAGORS: STONE DAVID
STONE VALERIE
REGION CODE ADDRESS : 127 FORESIDE ROAD
01 CITY : FALMOUTH
STATE/ZIP : ME 04105
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,621.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,400.00
P & I AMT: 11,919.48
UPB AMT: 1,768,030.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473895 MORTGAGORS: COOPER RONALD
COOPER CHRISTINA
REGION CODE ADDRESS : 454 HILLCREST RD.
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 554,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 553,688.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,874.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.83000
----------------------------------------------------------------
0 0031474638 MORTGAGORS: SHMUELY YOCHI
DULITZKI REUVEN
REGION CODE ADDRESS : 260 WILTSHIRE ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,091.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031474893 MORTGAGORS: HENSHAW RICHARD
HENSHAW VICKIE
REGION CODE ADDRESS : 6 OXBOW ROAD
01 CITY : DANVERS
STATE/ZIP : MA 01923
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
0 0031475098 MORTGAGORS: THERIAULT JANE
REGION CODE ADDRESS : 32962 JOEL CIRCLE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031476005 MORTGAGORS: CLINE CRAIG
CLINE NANCY
REGION CODE ADDRESS : 3465 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 267,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,665.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,250.00
P & I AMT: 11,159.50
UPB AMT: 1,591,072.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031476179 MORTGAGORS: PERIQUET RAMON
PERIQUET JANE
REGION CODE ADDRESS : 25578 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY,
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 356,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,118.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031476229 MORTGAGORS: COLAIZZI ERNEST
COLAIZZI LISA
REGION CODE ADDRESS : 7416 BROOKDALE DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 146,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,485.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,000.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.54600
----------------------------------------------------------------
0 0031476310 MORTGAGORS: VAUGHN PHILIP
VAUGHN AMELITA
REGION CODE ADDRESS : 1062 PENINSULA STREET
01 CITY : VENTURA
STATE/ZIP : CA 93001
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,697.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031476443 MORTGAGORS: THORNETT J.
THORNETT CYNTHIA
REGION CODE ADDRESS : 10107 GARY ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,680.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,013.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.41200
----------------------------------------------------------------
0 0031476864 MORTGAGORS: BASILE ELIZABETH
REGION CODE ADDRESS : 40 CANTERBURY DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 231,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,332.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.31100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,750.00
P & I AMT: 10,792.83
UPB AMT: 1,552,314.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031476914 MORTGAGORS: COOK JEFFREY
COOK PAMELA
REGION CODE ADDRESS : 461 BUCKBOARD LANE
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,566.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,389.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031477045 MORTGAGORS: TARNOL MARVIN
TARNOL LAURIE
REGION CODE ADDRESS : 5014 GLORIA AVENUE
01 CITY : LOS ANGELES (ENCINO AREA)
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,258.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 29.31200
----------------------------------------------------------------
0 0031477201 MORTGAGORS: WAGNER JAMES
WAGNER AMY
REGION CODE ADDRESS : 15 BRISTOL COURT
01 CITY : BERKELEY HEIGHTS TWP.
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------
0 0031477433 MORTGAGORS: PORTILLO EDGAR
PORTILLO ANNA
REGION CODE ADDRESS : 6232 CHAPEL VIEW LANE
01 CITY : CITRUS HEIGHTS
STATE/ZIP : CA 95621
MORTGAGE AMOUNT : 110,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,118.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 770.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031477615 MORTGAGORS: KELLEY WILLIAM
KELLEY ANICETA
REGION CODE ADDRESS : 2380 FOX RIDGE WAY
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,746.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,200.00
P & I AMT: 10,651.77
UPB AMT: 1,546,689.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031478084 MORTGAGORS: SINCLAIR DONALD
SINCLAIR NANCY
REGION CODE ADDRESS : 8588 VOLGA RIVER CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,627.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
0 0031478241 MORTGAGORS: SCEPPA JOSEPH
SCEPPA CAROLE
REGION CODE ADDRESS : 11-15 RHODE ISLAND AVENUE
01 CITY : SOMERVILLE
STATE/ZIP : MA 02145
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,155.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031478290 MORTGAGORS: NEWMAN ERIC
TORO SYLVIA
REGION CODE ADDRESS : 3600 BATTERSEA ROAD
01 CITY : MIAMI
STATE/ZIP : FL 33133
MORTGAGE AMOUNT : 358,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031478803 MORTGAGORS: KAWANO SCOT
LE-KAWANO HANH
REGION CODE ADDRESS : 5517 WEST 77TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,021.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031478845 MORTGAGORS: SOUTHWOOD DANA
SOUTHWOOD DONNA
REGION CODE ADDRESS : 2522 LAUREL AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,656.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,600.00
P & I AMT: 10,245.04
UPB AMT: 1,454,704.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031479710 MORTGAGORS: CEVETELLO FRANCIS
CEVETELLO ELIZABETH
REGION CODE ADDRESS : 114 PEMBROKE STREET
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/26
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 39.81797
----------------------------------------------------------------
0 0031480791 MORTGAGORS: BOETTCHER DAVID
BOETTCHER GAIL
REGION CODE ADDRESS : 1512 WEDGEWOOD COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031480932 MORTGAGORS: SPELLMAN THOMAS
SPELLMAN AUDREY
REGION CODE ADDRESS : 41 FIELD CREST ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 45.35700
----------------------------------------------------------------
0 0031481054 MORTGAGORS: LA CAVA MICHAEL
LA CAVA ROSANNE
REGION CODE ADDRESS : 80 CANTERBURY DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,745.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.60900
----------------------------------------------------------------
0 0031481088 MORTGAGORS: HORD FENTON
HORD PATRICIA
REGION CODE ADDRESS : 513 BEACH ROAD NORTH
01 CITY : WILMINGTON
STATE/ZIP : NC 28405
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 35.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,000.00
P & I AMT: 11,170.50
UPB AMT: 1,613,492.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031481161 MORTGAGORS: O'CONNOR MICHAEL
REGION CODE ADDRESS : 48D INDPENDANCE WAY UNIT 48D BUILDI
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031481237 MORTGAGORS: HOLMES GREGORY
HOLMES COLLEEN
REGION CODE ADDRESS : 351 CLINTON ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 392,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,744.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.33300
----------------------------------------------------------------
0 0031481310 MORTGAGORS: COMSTOCK BRIAN
COMSTOCK KAREN
REGION CODE ADDRESS : 13511 WEST 165TH AVENUE
01 CITY : LOWELL
STATE/ZIP : IN 46356
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,616.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.24600
----------------------------------------------------------------
0 0031481377 MORTGAGORS: TRUOG ROBERT
TRUOG AMY
REGION CODE ADDRESS : 7 TOWER DRIVE
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,586.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,764.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.66600
----------------------------------------------------------------
0 0031481633 MORTGAGORS: LOCKET LYMAN
LOCKET LINNETTE
REGION CODE ADDRESS : 602 KENTWOOD COURT
01 CITY : LAKE ORION
STATE/ZIP : MI 48362
MORTGAGE AMOUNT : 219,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,456.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.78500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,100.00
P & I AMT: 11,003.61
UPB AMT: 1,525,359.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031482086 MORTGAGORS: MCMANUS ANN
MCMANUS KENNETH
REGION CODE ADDRESS : 11 INWOOD ROAD
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,454.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.77200
----------------------------------------------------------------
0 0031482169 MORTGAGORS: OKADA BEVERLY
REGION CODE ADDRESS : 72 LUDLOW RD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.32200
----------------------------------------------------------------
0 0031482300 MORTGAGORS: SOBOLEWSKI PHILLIP
SOBOLEWSKI KATHY
REGION CODE ADDRESS : 49 FITZROY DR
01 CITY : CHARLESTON
STATE/ZIP : SC 29414
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,964.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031482383 MORTGAGORS: GOMEZ DONATO
GOMEZ LOURDES
REGION CODE ADDRESS : 407 AVALON DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,808.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
0 0031482391 MORTGAGORS: SWEET DAVID
SWEET HELAYNE
REGION CODE ADDRESS : 2900 TAJ DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,400.00
P & I AMT: 10,540.32
UPB AMT: 1,515,763.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031482490 MORTGAGORS: LEE ROBERT
LEE YI PING
REGION CODE ADDRESS : 108 LATHAM STREET
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0031482631 MORTGAGORS: BERNOSKY RICHARD
REGION CODE ADDRESS : 16574 KNOLLWOOD DRIVE
01 CITY : (GRANADA HILLS AREA) LOS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,191.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031482946 MORTGAGORS: PETTY JANICE
REGION CODE ADDRESS : 515 MAPLE STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 301,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,187.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,159.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.73000
----------------------------------------------------------------
0 0031482953 MORTGAGORS: DAINES GARY
DAINES SUSAN
REGION CODE ADDRESS : 4318 DUNSMORE AVE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 308,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,278.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031483118 MORTGAGORS: BROWN FRANK
BROWN SUSAN
REGION CODE ADDRESS : 450 KENBROOK DR
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,896.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,664,550.00
P & I AMT: 11,441.95
UPB AMT: 1,663,377.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031483167 MORTGAGORS: VILARDI FRANK
VILARDI DONNA
REGION CODE ADDRESS : 123 GORDONHURST AVE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.63 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 9.12500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031483266 MORTGAGORS: ALLEN STUART
REGION CODE ADDRESS : 1 VICTORIA WAY
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08852
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031483530 MORTGAGORS: BANKS JONATHAN
BANKS JUDITH
REGION CODE ADDRESS : 6 PASSAIC COURT
01 CITY : MARLBORO
STATE/ZIP : NJ 07746
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031483563 MORTGAGORS: WICKS GUY
WICKS DEANNA
REGION CODE ADDRESS : 39 ARBUA BEND
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,798.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.78900
----------------------------------------------------------------
0 0031483597 MORTGAGORS: MORGAN JAMES
MORGAN PATRICIA
REGION CODE ADDRESS : 18824 EAST ARCADIAN SHORE DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,210.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.47500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,215,400.00
P & I AMT: 8,717.27
UPB AMT: 1,215,009.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031483837 MORTGAGORS: ESKANDER NASSEF
BISHAY WAFAA
REGION CODE ADDRESS : 76 WEST PAMELA ROAD
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 345,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,834.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031483894 MORTGAGORS: COOK THOMAS
COOK CHRISTI
REGION CODE ADDRESS : 2933 LAWRENCE DRIVE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 324,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,464.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.24000
----------------------------------------------------------------
0 0031484009 MORTGAGORS: WITTENSTEIN ANDREW
WITTENSTEIN CAROLINE
REGION CODE ADDRESS : 466 NEWTOWN TURNPIKE
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
0 0031484330 MORTGAGORS: ST. JOHN LAWRENCE
ST. JOHN BARBARA
REGION CODE ADDRESS : 4225 ADMIRABLE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 386,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,194.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,638.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031484405 MORTGAGORS: FLORES VICTOR
FLORES PATRICIA
REGION CODE ADDRESS : 2423 SEGOVIA
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 319,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,901.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,636,025.00
P & I AMT: 11,243.77
UPB AMT: 1,634,192.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031484470 MORTGAGORS: GORDON L.
REGION CODE ADDRESS : 1478 GLEN OAKS BOULEVARD
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 799,420.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,662.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 62.74500
----------------------------------------------------------------
0 0031484942 MORTGAGORS: PEPPLE GARY
PEPPLE MILAGROS
REGION CODE ADDRESS : 31023 HUNTINGTON WOODS PARKWAY
01 CITY : BAY VILLAGE
STATE/ZIP : OH 44140
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------
0 0031485105 MORTGAGORS: RIVAS ROBERTO
RIVAS ARGENTINA
REGION CODE ADDRESS : 24334 THUNDER TRAIL
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,663.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031485154 MORTGAGORS: LITIN NED
MEYER-LITIN ELIZABETH
REGION CODE ADDRESS : 2710 BENT TREE CIRCLE
01 CITY : MINNETONKA
STATE/ZIP : MN 55343
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.03200
----------------------------------------------------------------
0 0031485204 MORTGAGORS: MAIL RUSSELL
MAIL NORAH
REGION CODE ADDRESS : 361 HEMSLEY DR
01 CITY : QUEENSTOWN
STATE/ZIP : MD 21658
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,717.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 74.19300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,994,000.00
P & I AMT: 13,905.11
UPB AMT: 1,992,578.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031485345 MORTGAGORS: URSICH GREGORY
URSICH KATHY
REGION CODE ADDRESS : 926 N. 72ND ST.
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 247,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,411.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.18400
----------------------------------------------------------------
0 0031485519 MORTGAGORS: DEMER JOSEPH
REGION CODE ADDRESS : 3201 EARLMAR DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,625.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,398.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031486665 MORTGAGORS: HAWKINSON DALE
HAWKINSON LYNNE
REGION CODE ADDRESS : 2244 MONTIA PLACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,850.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031486673 MORTGAGORS: SIMPSON DAVID
REGION CODE ADDRESS : 23541 CALISTOGA PLACE
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 182,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 181,722.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,257.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.80000
----------------------------------------------------------------
0 0031486681 MORTGAGORS: PECK SCOTT
PECK SHANNON
REGION CODE ADDRESS : 1127 SANTA LUISA DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,568.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.40900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,600.00
P & I AMT: 10,347.75
UPB AMT: 1,499,178.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031486731 MORTGAGORS: GALANDO MATTHEW
REGION CODE ADDRESS : 91 KENT COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 391,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,316.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031486749 MORTGAGORS: VINSON HUEY
VINSON ELAINE
REGION CODE ADDRESS : 1359 BUCKINGHAM DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,519.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031486780 MORTGAGORS: THORNE NANCY
REGION CODE ADDRESS : 31093 WILLOW VIEW LANE
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 109,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,340.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 775.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 43.80000
----------------------------------------------------------------
0 0031487028 MORTGAGORS: RENEK FRANK
RENEK ROBIN
REGION CODE ADDRESS : 3230 GIANT FOREST LOOP
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.33802
----------------------------------------------------------------
0 0031487259 MORTGAGORS: PISANO MICHELE
REGION CODE ADDRESS : 108 - 110 NIETO AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 244,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,544.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 69.97100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,200.00
P & I AMT: 9,865.08
UPB AMT: 1,406,110.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031487309 MORTGAGORS: PAOLILLO RICHARD
REGION CODE ADDRESS : 85 BROOKS ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 256,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,404.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.82400
----------------------------------------------------------------
0 0031488463 MORTGAGORS: GEILMANN THOMAS
GEILMANN SHERREL
REGION CODE ADDRESS : 2273 WOODMILL DRIVE
01 CITY : WESTLAKE
STATE/ZIP : OH 44145
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031488695 MORTGAGORS: MEYERS LAURA
REGION CODE ADDRESS : 1635 CASTRO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,207.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031488794 MORTGAGORS: PAVLOVSKY KONSTANTIN
PAVLOVSKY MAYA
REGION CODE ADDRESS : 184-34 ABERDEEN ROAD
01 CITY : JAMAICA ESTATES
STATE/ZIP : NY 11432
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 68.96500
----------------------------------------------------------------
0 0031488802 MORTGAGORS: FOSTER MICHAEL
FOSTER KATHRYN
REGION CODE ADDRESS : 47336 STERDLEY FALLS TERRACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 174,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,164.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,189.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,900.00
P & I AMT: 9,180.55
UPB AMT: 1,297,559.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031488927 MORTGAGORS: LUTSCHAUNIG VALERIE
REGION CODE ADDRESS : 47 TEMPLE COURT
01 CITY : TRENTON (HOPEWELL)
STATE/ZIP : NJ 08638
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,899.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 69.40300
----------------------------------------------------------------
0 0031488935 MORTGAGORS: WEAVER RICHARD
WEAVER PATRICIA
REGION CODE ADDRESS : 11 REGENT PLACE
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,258.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.66600
----------------------------------------------------------------
0 0031489057 MORTGAGORS: ERAZO EMERSON
ERAZO SYLVIA
REGION CODE ADDRESS : 18010 OLIVE BRANCH LANE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,676.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489107 MORTGAGORS: SIDDELEY HENRY
SIDDELEY DEBORAH
REGION CODE ADDRESS : 43412 SPERRIN COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 216,712.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,529.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,423.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489321 MORTGAGORS: TERRILL JOHN
TERRILL KATHLEEN
REGION CODE ADDRESS : 458 UPPER GULPH ROAD
01 CITY : RADNOR
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,785.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.24600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,712.00
P & I AMT: 10,264.71
UPB AMT: 1,488,149.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031489362 MORTGAGORS: DOBBE JOHN
DOBBE KATHARINE
REGION CODE ADDRESS : 58 SIENA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,184.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489651 MORTGAGORS: JONES LARRY
JONES SHELLEY
REGION CODE ADDRESS : 304 GEORGETOWN CIRCLE
01 CITY : CHARLESTON
STATE/ZIP : WV 25314
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,480.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489826 MORTGAGORS: TSUKAMOTO DONALD
TSUKAMOTO KATHY
REGION CODE ADDRESS : 591 CANDLESTICK WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,215.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489883 MORTGAGORS: LUTSKY JOSEPH
LLOYD JENNIFER
REGION CODE ADDRESS : 67 SETTLERS RIDGE ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,189.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489917 MORTGAGORS: SECKLER JOSEPH
SECKLER DIANE
REGION CODE ADDRESS : 17 SAMUEL PARLIN DRIVE
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,600.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.78000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,200.00
P & I AMT: 10,173.25
UPB AMT: 1,473,070.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031489958 MORTGAGORS: SMITS RONALD
SMITS SUSAN
REGION CODE ADDRESS : 65 BLUE RIDGE ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,986.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.77700
----------------------------------------------------------------
0 0031490014 MORTGAGORS: HANKIN DAVID
HANKIN CHERYL
REGION CODE ADDRESS : 282 BELKNAP ROAD
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.69500
----------------------------------------------------------------
0 0031490089 MORTGAGORS: WEISS ROBERT
CHIMENE SUSAN
REGION CODE ADDRESS : 17 HURLBUT STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0031490253 MORTGAGORS: FISCHER FRED
FISCHER LINDA
REGION CODE ADDRESS : S31 W33436 HIGHWAY G
01 CITY : DOUSMAN
STATE/ZIP : WI 53118
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031490816 MORTGAGORS: MORGAN JAMES
MORGAN CYNTHIA
REGION CODE ADDRESS : 75 BUCKWHEAT RUN ROAD
01 CITY : NORTHEAST
STATE/ZIP : MD 21901
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,663.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.28600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,924,200.00
P & I AMT: 13,416.51
UPB AMT: 1,923,477.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031491400 MORTGAGORS: MORRIS F.
MORRIS KATHI
REGION CODE ADDRESS : 320 TOMAHAWK DRIVE
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,002.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.31100
----------------------------------------------------------------
0 0031491574 MORTGAGORS: MCNEEL WAKELIN
REGION CODE ADDRESS : 2950 NEILSON WAY #311
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,729.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031491855 MORTGAGORS: YAFEH JOSEPH
REGION CODE ADDRESS : 10433 WILSHIRE BOULEVARD #705
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 92,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,869.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031492028 MORTGAGORS: SIDEN TERRY
SIDEN DAWN
REGION CODE ADDRESS : 3335 ANGELSTONE POINT
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 493,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,585.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031492366 MORTGAGORS: BANKS BRIAN
BANKS CAROLYN
REGION CODE ADDRESS : 247 WEST EL PINTADO ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,654.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,150.00
P & I AMT: 10,000.21
UPB AMT: 1,446,842.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031492390 MORTGAGORS: CHO SUNG
CHO WI
REGION CODE ADDRESS : 19224 TERESA WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,153.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031492416 MORTGAGORS: COOK JOHN
COOK SUSAN
REGION CODE ADDRESS : 314 JESTER COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 359,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,926.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031492424 MORTGAGORS: EISENBERG DAVID
SERIZAWA LINDA
REGION CODE ADDRESS : 675 CAMBRIDGE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94134
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,963.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031492531 MORTGAGORS: HUBBARD RALPH
HUBBARD NANCY
REGION CODE ADDRESS : 146 ENGLISH TURN DRIVE
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70131
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,752.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.44100
----------------------------------------------------------------
0 0031492721 MORTGAGORS: SHORTZ BARRY
LORBIECKI-SHORTZ KATHRYN
REGION CODE ADDRESS : 183 DEER TRAIL CIRCLE
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,900.00
P & I AMT: 10,646.53
UPB AMT: 1,526,796.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031492945 MORTGAGORS: HALL ALLEN
HALL LAURIE
REGION CODE ADDRESS : 3646 FAIRWAY DRIVE
01 CITY : CAMERON PARK
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 175,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,911.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,165.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031493158 MORTGAGORS: HERBST STEPHEN
HERBST TERI
REGION CODE ADDRESS : 2206 B DUFOUR AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,528.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.07692
----------------------------------------------------------------
0 0031493240 MORTGAGORS: SIMPSON DANIEL
SIMPSON PHYLLIS
REGION CODE ADDRESS : 131 MAPLE TRACE
01 CITY : HOOVER
STATE/ZIP : AL 35226
MORTGAGE AMOUNT : 273,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,897.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031494545 MORTGAGORS: TAKACS ZSOLT
TOTH SYLVIA
REGION CODE ADDRESS : 1479 NUT TREE LANE
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,086.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031494784 MORTGAGORS: CARPENTER THOMAS
CARPENTER BRENDA
REGION CODE ADDRESS : 7651 ALPINE ROAD
01 CITY : LA HONDA
STATE/ZIP : CA 94020
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,341.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,090.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.91520
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,800.00
P & I AMT: 10,020.83
UPB AMT: 1,409,765.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031494826 MORTGAGORS: MARCUS ROBERT
MARCUS MARCIA
REGION CODE ADDRESS : 230 LARSSON STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 477,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,627.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,253.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.60000
----------------------------------------------------------------
0 0031494925 MORTGAGORS: DAVIDSON PAUL
COSTA NADIA
REGION CODE ADDRESS : 519 FLORENCE DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,805.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.38700
----------------------------------------------------------------
0 0031495062 MORTGAGORS: OTTO MATTHEW
OTTO PAMELA
REGION CODE ADDRESS : 2551 RENATA COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 297,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,129.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031495138 MORTGAGORS: KULETO TIMOTHY
KULETO LISA
REGION CODE ADDRESS : 2326 EL MORENO STREET
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,820.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031495591 MORTGAGORS: REIMER DAVID
CHO LOUISE
REGION CODE ADDRESS : 201 TAGGERT DRIVE
01 CITY : MONTGOMERY TWP
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 149,884.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,884.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,022.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,234.00
P & I AMT: 9,684.83
UPB AMT: 1,408,267.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495690 MORTGAGORS: LANG DARRYL
LANG BRACHA
REGION CODE ADDRESS : 16 STRIDESHAM COURT
01 CITY : BALTIMORE
STATE/ZIP : MD 21209
MORTGAGE AMOUNT : 170,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,133.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,162.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031495757 MORTGAGORS: CHARLES KATHLEEN
REGION CODE ADDRESS : 1124 FRANCIS HAMMOND PARKWAY
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 307,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,715.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.45800
----------------------------------------------------------------
0 0031495955 MORTGAGORS: SCHRAMM SHERI
EDWARDS DONNA
REGION CODE ADDRESS : 650 COUNTRY LANE
01 CITY : BOSQUE FARMS
STATE/ZIP : NM 87068
MORTGAGE AMOUNT : 259,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,166.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031496045 MORTGAGORS: AMESCUA RICHARD
REGION CODE ADDRESS : 501 SOUTH CRESCENT HEIGHTS BOULEVAR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031496128 MORTGAGORS: ACKERMAN PHILIP
ACKERMAN JENNIFER
REGION CODE ADDRESS : 1806 N WILMOT AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60647
MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,105.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,500.00
P & I AMT: 9,490.05
UPB AMT: 1,361,578.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031496417 MORTGAGORS: NEWMAN JOEL
NEWMAN JENNIFER
REGION CODE ADDRESS : 94 HARRIS AVENUE
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 357,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031496581 MORTGAGORS: HEDAYAT KAYVAN
RAZZAGHI-HEDAYAT AZITA
REGION CODE ADDRESS : 8 GOLDEN BALL ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031496862 MORTGAGORS: NEILSON KERI
FEINGOLD JOEL
REGION CODE ADDRESS : 3950 LYCEUM AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,019.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031496920 MORTGAGORS: DELONAS NICHOLAS
DELONAS CYTHIA
REGION CODE ADDRESS : 3 DAWN LANE
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,768.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.59400
----------------------------------------------------------------
0 0031497167 MORTGAGORS: LARSEN WILLIAM
LARSEN DONNA
REGION CODE ADDRESS : 317 MELVILLE CT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 245,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,076.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,350.00
P & I AMT: 10,191.99
UPB AMT: 1,461,764.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497381 MORTGAGORS: STIMSON ROBIN
STIMSON MARGARET
REGION CODE ADDRESS : 8197 TOYON AVENUE
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,517.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.89200
----------------------------------------------------------------
0 0031498108 MORTGAGORS: WITTENBERG ERIC
WITTENBERG JANET
REGION CODE ADDRESS : 65 MCAFEE FARM ROAD
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 273,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,501.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.39900
----------------------------------------------------------------
0 0031498231 MORTGAGORS: NONEMACHER JAMES
REGION CODE ADDRESS : 684 FRANKLIN TPKE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,208.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 74.46800
----------------------------------------------------------------
0 0031498520 MORTGAGORS: HEIN ARTHUR
HALE KATHLEEN
REGION CODE ADDRESS : 24 BENNINGTON ROAD
01 CITY : MORRIS
STATE/ZIP : NJ 07961
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,675.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498538 MORTGAGORS: KOSIERADZKI PAUL
KOSIERADZKI MARIA
REGION CODE ADDRESS : 30851 MARBELLA CORTE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 484,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,660.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,345.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,800.00
P & I AMT: 10,907.68
UPB AMT: 1,579,355.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498603 MORTGAGORS: HORN MARK
REGION CODE ADDRESS : 296 JUANITA AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498678 MORTGAGORS: MEINER DAVID
MEINER CATHERINE
REGION CODE ADDRESS : 2349 FAUNTLEROY WAY SW. #104
01 CITY : SEATTLE
STATE/ZIP : WA 98126
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,191.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498777 MORTGAGORS: GASPARO MICHAEL
GASPARO TERESE
REGION CODE ADDRESS : 3110 ANTONIO STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.67500
----------------------------------------------------------------
0 0031498967 MORTGAGORS: CHEN FRANCIS
SHI HUI
REGION CODE ADDRESS : 243 NORTH ARDEN BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,753.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499049 MORTGAGORS: OGUNRO EDWARD
OGUNRO YEMESERACH
REGION CODE ADDRESS : 1510 PORTWINE COURT
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,272.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,400.00
P & I AMT: 10,986.80
UPB AMT: 1,581,554.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499155 MORTGAGORS: GOFF CHARLES
GOFF VIRGINIA
REGION CODE ADDRESS : 9434 E CEDAR WAXWING DRIVE
01 CITY : SUN LAKES
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499346 MORTGAGORS: JEAN ROBERT
JEAN ROBIN
REGION CODE ADDRESS : 67 LESLIE ROAD
01 CITY : ROWLEY
STATE/ZIP : MA 01969
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499387 MORTGAGORS: OHRN JOHN
OHRN MARGARET
REGION CODE ADDRESS : 61 KINSMAN CIRCLE
01 CITY : TOPSFIELD
STATE/ZIP : MA 01983
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499460 MORTGAGORS: IRVING SUSAN
REGION CODE ADDRESS : 24 MILFORD STREET UNIT 1
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.22000
----------------------------------------------------------------
0 0031499502 MORTGAGORS: MAIETTA MICHAEL
MAIETTA FELICIA
REGION CODE ADDRESS : 7 APPLE HILL LANE
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,365.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,400.00
P & I AMT: 9,447.30
UPB AMT: 1,357,760.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499593 MORTGAGORS: FINCH RONALD
REGION CODE ADDRESS : 7296 JUNIPER WAY
01 CITY : ARVADA
STATE/ZIP : CO 80007
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,769.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.08400
----------------------------------------------------------------
0 0031499619 MORTGAGORS: MUROFF MITCHELL
MUROFF MARJORIE
REGION CODE ADDRESS : 69 OBER ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.47800
----------------------------------------------------------------
0 0031499684 MORTGAGORS: ZALATAN ANTHONY
ZALATAN KAREN
REGION CODE ADDRESS : 10845 N LAKESIDE PLACE
01 CITY : LITTLETON
STATE/ZIP : CO 80125
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,176.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031499809 MORTGAGORS: CLARK JOHN
CLARK CONSTANCE
REGION CODE ADDRESS : 625 CASTLE RIDGE COURT
01 CITY : FORT COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031499858 MORTGAGORS: MCLEAN MARC
MCLEAN ANGELA
REGION CODE ADDRESS : 1930 PROSPECT PLACE
01 CITY : GREELEY
STATE/ZIP : CO 80631
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,138.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,550.00
P & I AMT: 11,032.46
UPB AMT: 1,605,772.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031500135 MORTGAGORS: LANE CHRIS
REGION CODE ADDRESS : 1032 SALMON RUN
01 CITY : FORT COLLINS
STATE/ZIP : CO 80524
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,621.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.18400
----------------------------------------------------------------
0 0031500325 MORTGAGORS: CIOMEI MARK
CIOMEI LISA
REGION CODE ADDRESS : 12978 THISTLETHORN DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 315,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,371.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.90000
----------------------------------------------------------------
0 0031500416 MORTGAGORS: MURPHY KEVIN
MURPHY KIMBERLY
REGION CODE ADDRESS : 128 CROSS KEY ROAD
01 CITY : BERNVILLE
STATE/ZIP : PA 19506
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,606.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031500580 MORTGAGORS: MCCALL DENNIS
REGION CODE ADDRESS : 452 31ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,531.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.17500
----------------------------------------------------------------
0 0031500721 MORTGAGORS: HART JEFF
HART MARY
REGION CODE ADDRESS : 251 FOREST STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,710,000.00
P & I AMT: 11,950.80
UPB AMT: 1,708,131.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031501042 MORTGAGORS: WARNER SCOTT
WARNER JUDITH
REGION CODE ADDRESS : 1524 CAMINO LOMA
01 CITY : FULLERTON
STATE/ZIP : CA 92833
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031501190 MORTGAGORS: SOUTHERST MARK
SOUTHERST SHAHLA
REGION CODE ADDRESS : 5407 WILLOW WOOD LANE
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 333,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,483.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031501943 MORTGAGORS: WELCH THOMAS
GOLDSTEIN JANE
REGION CODE ADDRESS : 18 CAREY RD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031502099 MORTGAGORS: TENEMBAUM MOISES
TENEMBAUM ROSA
REGION CODE ADDRESS : 22 COPPERFIELD LANE
01 CITY : OLD WESTBURY
STATE/ZIP : NY 11568
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,635.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0031502198 MORTGAGORS: BAUM JEFFERY
STURZ JANET
REGION CODE ADDRESS : 39 LONGACRE DRIVE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,732,950.00
P & I AMT: 11,911.34
UPB AMT: 1,732,030.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502461 MORTGAGORS: HARRIS REGINALD
HARRIS SANDRA
REGION CODE ADDRESS : 707 INDIAN WELLS COURT
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 396,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,132.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,670.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031502685 MORTGAGORS: TAYLOR JULIE
REGION CODE ADDRESS : 5428 BLUE SAPPHIRE WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 101,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,574.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 710.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
0 0031502693 MORTGAGORS: LECHNER RICHARD
LECHNER DONNA
REGION CODE ADDRESS : 29 WAKEFIELD DRIVE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 265,291.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,108.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 92.11400
----------------------------------------------------------------
0 0031503337 MORTGAGORS: ABBOTT KENNETH
HAMLIN MINDY
REGION CODE ADDRESS : 12244 BRIAR KNOLL WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 311,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,916.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98628
----------------------------------------------------------------
0 0031503600 MORTGAGORS: GARNELLA THOMAS
REGION CODE ADDRESS : 30870 PALO ALTO DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,041.00
P & I AMT: 9,229.45
UPB AMT: 1,321,561.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031503675 MORTGAGORS: ZINNES PAUL
CSIZMADIA KATHERINE
REGION CODE ADDRESS : 168 THE ALAMEDA
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,784.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031503774 MORTGAGORS: MCMILLEN MARVIN
REGION CODE ADDRESS : 2500 N. LAKEVIEW AVE #701/702
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031503824 MORTGAGORS: LUNA FULGENCIO
LUNA REMEDIOS
REGION CODE ADDRESS : 91-1038 KELAU STREET
01 CITY : KAPOLEI
STATE/ZIP : HI 96707
MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,328.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.85500
----------------------------------------------------------------
0 0031504285 MORTGAGORS: LAU NEIL
LAU MARTINE
REGION CODE ADDRESS : 1625 CHARLESTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,626.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031504475 MORTGAGORS: DIAZ CESAR
DIAZ MARIA
REGION CODE ADDRESS : 4123 WILSON AVENUE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 209,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,428.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,394.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,443,300.00
P & I AMT: 10,026.81
UPB AMT: 1,442,167.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031504517 MORTGAGORS: SCHEER JOHN
SCHEER LIZA
REGION CODE ADDRESS : 373 LUCERO STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,385.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031504640 MORTGAGORS: ST. MARTIN JOE
ST. MARTIN CYNTHIA
REGION CODE ADDRESS : 20 BRISA FRESCA
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,609.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031505621 MORTGAGORS: MOORE RYAN
MOORE RHONDA
REGION CODE ADDRESS : 6700 MILL CREEK ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,662.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,552.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
0 0031505712 MORTGAGORS: PUOPOLO JOHN
PUOPOLO JILL
REGION CODE ADDRESS : 38 DOLAN DRIVE
01 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.20800
----------------------------------------------------------------
0 0031505845 MORTGAGORS: BACH DAVID
FOX BABARA
REGION CODE ADDRESS : 11202 3RD AVENUE NORTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,802.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.69600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,400.00
P & I AMT: 10,832.22
UPB AMT: 1,552,459.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031505860 MORTGAGORS: MAMLET ALFRED
BOBROFF ROCHELLE
REGION CODE ADDRESS : 7001 LOCH EDIN COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 576,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,783.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031505977 MORTGAGORS: BARONE ROBERT
BARONE MARY
REGION CODE ADDRESS : 265 COAST BOULEVARD UNIT 4
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,765.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.79700
----------------------------------------------------------------
0 0031506256 MORTGAGORS: BUCK WILLIAM
BUCK KAREN
REGION CODE ADDRESS : 6311 YOUNGS BRANCH DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,664.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031506371 MORTGAGORS: HUNT F.
REGION CODE ADDRESS : 2 HOXIE HOLLOW
01 CITY : EAST SANDWICH
STATE/ZIP : MA 02537
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031506470 MORTGAGORS: CONDRIN J.
CONDRIN SUSAN
REGION CODE ADDRESS : 8 PETTEE'S POND LANE
01 CITY : WALPOLE
STATE/ZIP : MA 02081
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,849,200.00
P & I AMT: 12,540.18
UPB AMT: 1,848,729.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031506520 MORTGAGORS: BALTZ WILLIAM
BALTZ LANA
REGION CODE ADDRESS : 1925 TAFT AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,297.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031506652 MORTGAGORS: FLEGO GLENN
FLEGO SHANNON
REGION CODE ADDRESS : 404 ALEXANDRIA CIRCLE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,720.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031506926 MORTGAGORS: DOSH THOMAS
CAYCE JAMES
REGION CODE ADDRESS : 731 WEST TANTALLON DRIVE
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,130.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.35500
----------------------------------------------------------------
0 0031507205 MORTGAGORS: GATES MICHAEL
GATES SHIREEN
REGION CODE ADDRESS : 1704 PROCTOR DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,566.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031507254 MORTGAGORS: REED RICHARD
REED JILL
REGION CODE ADDRESS : 14750 SKY LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,721.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 30.35700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,000.00
P & I AMT: 10,361.82
UPB AMT: 1,506,436.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031507734 MORTGAGORS: SHARMA PRAVEEN
SHARMA WEN
REGION CODE ADDRESS : 27220 OHLONE LANE
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,276.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,077.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 44.44400
----------------------------------------------------------------
0 0031508617 MORTGAGORS: LEIDER AARON
REGION CODE ADDRESS : 8580 HILLSIDE AVENUE
01 CITY : LOS ANGELES,
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,811.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031508724 MORTGAGORS: VARELA EUGENE
VARELA JUDITH
REGION CODE ADDRESS : 202 GURREGO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 381,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,987.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031508906 MORTGAGORS: GELLMAN DAVID
REGION CODE ADDRESS : 676 DUNCAN ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,522.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.50900
----------------------------------------------------------------
0 0031509169 MORTGAGORS: MCCOMBS DON
MCCOMBS VERONICA
REGION CODE ADDRESS : 1594 MARK WEST SPRINGS ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,273,600.00
P & I AMT: 15,991.88
UPB AMT: 2,271,383.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031509797 MORTGAGORS: JUDD CHRISTOPHER
JUDD GABRIELLE
REGION CODE ADDRESS : 3641 SEAHORN CIRCLE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,685.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031510498 MORTGAGORS: HACKER RAY
LITKE-HACKER CYNTHIA
REGION CODE ADDRESS : 7 BEEKMAN ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031510530 MORTGAGORS: JOHNSON S
JOHNSON PRISCILLA
REGION CODE ADDRESS : 7830 KINGS POINT DRIVE
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
0 0031510563 MORTGAGORS: ZUBCHEVICH KEITH
ZUBCHEVICH KRISTANNA
REGION CODE ADDRESS : 1156 NORUMBEGA DRIVE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031510746 MORTGAGORS: SMITH JAMES
SMITH DYANN
REGION CODE ADDRESS : 431 OAK RIDGE DRIVE
01 CITY : FAIRVIEW
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 338,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.97700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,860,700.00
P & I AMT: 13,056.47
UPB AMT: 1,859,909.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511314 MORTGAGORS: GAMMAGE COY
SMITH-GAMMAGE KRISTIE
REGION CODE ADDRESS : 3008 HUNT PLACE
01 CITY : MONROE
STATE/ZIP : LA 71201
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
0 0031511504 MORTGAGORS: MURAOKA STANLEY
MURAOKA DORIS
REGION CODE ADDRESS : 4 NAVAJO COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.42600
----------------------------------------------------------------
0 0031511702 MORTGAGORS: ROSENQUIST THOMAS
ROSENQUIST MARTHA
REGION CODE ADDRESS : 3900 CORUM COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 1,470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,470,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 10,028.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031511785 MORTGAGORS: WAGG STEPHANIE
REGION CODE ADDRESS : 7716 SALIX PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,266.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.40200
----------------------------------------------------------------
0 0031511850 MORTGAGORS: PIOLI BERNO
PIOLI BIANCA
REGION CODE ADDRESS : 646 HIGH POINT DRIVE
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,518,000.00
P & I AMT: 17,225.03
UPB AMT: 2,516,861.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511876 MORTGAGORS: PARK YOUNG
REGION CODE ADDRESS : 4933 LA CRESCENTA AVE.
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,698.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,944.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031511991 MORTGAGORS: JACKSON STEVEN
REGION CODE ADDRESS : 5521 RUSSETT DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,186.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,547.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512429 MORTGAGORS: HALLOWELL RICHARD
HALLOWELL ALICE
REGION CODE ADDRESS : 2522 CANDYTUFT DRIVE
01 CITY : JAMISON
STATE/ZIP : PA 18929
MORTGAGE AMOUNT : 221,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,014.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,453.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031512692 MORTGAGORS: ABRAMSON DAVID
ABRAMSON DAOZHEN
REGION CODE ADDRESS : 12472 KESTREL STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,590.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031512700 MORTGAGORS: ANDERSON MICHEAL
ANDERSON STEPHANIE
REGION CODE ADDRESS : 26591 SE 15TH STREET
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,780.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.11000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,712,450.00
P & I AMT: 11,709.41
UPB AMT: 1,710,269.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031512791 MORTGAGORS: NOONAN MARK
REGION CODE ADDRESS : 24552 VIA DEL ORO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 290,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,256.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031512890 MORTGAGORS: HALL THOMAS
REGION CODE ADDRESS : 1051 OCEAN AVENUE
01 CITY : MANTOLOKING
STATE/ZIP : NJ 08738
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,479.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 63.65800
----------------------------------------------------------------
0 0031512908 MORTGAGORS: ZIEBARTH DONALD
ZIEBARTH ANNA
REGION CODE ADDRESS : 5900 JOHNS WOOD DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512965 MORTGAGORS: SHAW KEITH
SHAW SHARON
REGION CODE ADDRESS : 71 IMPERIAL DR
01 CITY : GLASTONBURY
STATE/ZIP : CT 06033
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.02300
----------------------------------------------------------------
0 0031512999 MORTGAGORS: COULSON MICHAEL
REGION CODE ADDRESS : 6643 WOODLAWN AVENUE NORTH
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,809.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,726,650.00
P & I AMT: 11,994.19
UPB AMT: 1,725,320.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031513112 MORTGAGORS: ROBERTS TIMOTHY
TOLIN LORI
REGION CODE ADDRESS : 217 W. LINCOLN AVENUE
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 272,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,357.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031513336 MORTGAGORS: CHAMBERLAIN BRUCE
LENTHE-CHAMBERLAIN JEAN
REGION CODE ADDRESS : 8 FIELDSTONE DRIVE
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.35400
----------------------------------------------------------------
0 0031513427 MORTGAGORS: RYAN HELEN
REGION CODE ADDRESS : 2670 POINT DELMAR AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,694.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031513567 MORTGAGORS: BILLIPS THOMAS
REGION CODE ADDRESS : 1740 MALLOW COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 163,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,078.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,141.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031513591 MORTGAGORS: MILLIER ROB
PARRA-BRENNAN JENNIFER
REGION CODE ADDRESS : 19960 SKYLINE BLVD.
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 565,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,386.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,764.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.99668
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,600.00
P & I AMT: 11,726.62
UPB AMT: 1,702,516.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031513641 MORTGAGORS: HEIL ROBERT
WALTER ROCKETTE
REGION CODE ADDRESS : 2696 SKYLARK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031513815 MORTGAGORS: RODRIGUEZ ELIZABETH
RODRIGUEZ OSBERTO
REGION CODE ADDRESS : 1209 TANLEY ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 182,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,061.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,258.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97500
----------------------------------------------------------------
0 0031513831 MORTGAGORS: MC MILLEN MICHAEL
MC MILLEN LINDA
REGION CODE ADDRESS : 16291 CADMIUM COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,609.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031513906 MORTGAGORS: MCNAMARA JOHN
MCNAMARA KATHLEEN
REGION CODE ADDRESS : 3207 VIA LOMA VISTA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031514094 MORTGAGORS: DEOLIVEIRA RUTH
REGION CODE ADDRESS : 14 WILWADE ROAD
01 CITY : GREAT NECK
STATE/ZIP : NY 11020
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 78.36990
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,256,200.00
P & I AMT: 8,748.55
UPB AMT: 1,255,430.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514276 MORTGAGORS: WRIGHT GARY
REGION CODE ADDRESS : 4936 S. BEAR MOUNTAIN DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,726.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,772.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 29.76900
----------------------------------------------------------------
0 0031514300 MORTGAGORS: THOMPSON PETER
THOMPSON COLLEEN
REGION CODE ADDRESS : 7843 MICHAEL COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,758.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.62000
----------------------------------------------------------------
0 0031514763 MORTGAGORS: ALLEN GERALD
REGION CODE ADDRESS : 43615 SANDIA CREEK DRIVE
01 CITY : TEMECULA
STATE/ZIP : CA 92590
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,770.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.25000
----------------------------------------------------------------
0 0031514995 MORTGAGORS: BORAD GARY
BORAD ANNE
REGION CODE ADDRESS : 973 MARLINTON CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,283.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.56521
----------------------------------------------------------------
0 0031515257 MORTGAGORS: LUBY THOMAS
LUBY SUZANNE
REGION CODE ADDRESS : 553 NORTH SAINT ANDREWS LANE
01 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,355.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,000.00
P & I AMT: 11,914.56
UPB AMT: 1,690,895.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031515281 MORTGAGORS: BLUM ERIC
BLUM SARAH
REGION CODE ADDRESS : 37 KING GEORGE DRIVE
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031516008 MORTGAGORS: MENNE CHRISTOPHER
REGION CODE ADDRESS : 8383 THUNDERHEAD DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,364.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031516834 MORTGAGORS: YI CHARLES
REGION CODE ADDRESS : 3429 OAK GLEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,804.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.88800
----------------------------------------------------------------
0 0031517170 MORTGAGORS: JALIAN VARANT
JALIAN MARY
REGION CODE ADDRESS : 1990 MAGINN DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,326.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,571.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031517428 MORTGAGORS: LAI VICTOR
SHA MABEL
REGION CODE ADDRESS : 2200 CHAMPLAIN COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,090.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.26878
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,800.00
P & I AMT: 9,326.13
UPB AMT: 1,337,585.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031517659 MORTGAGORS: CAMPBELL TODD
ROCK MARY
REGION CODE ADDRESS : 9740 BIG VIEW DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 281,344.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,135.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031517766 MORTGAGORS: THOMAS STEVEN
DIMICHELE DORA
REGION CODE ADDRESS : 305 BEATTY RD
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,764.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031517857 MORTGAGORS: COWELL MICHAEL
PSARIS PATTI
REGION CODE ADDRESS : 15713 TRAPSHIRE COURT
01 CITY : WATERFORD
STATE/ZIP : VA 20197
MORTGAGE AMOUNT : 353,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,616.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.50526
----------------------------------------------------------------
0 0031518087 MORTGAGORS: SEEMS DAVID
SEEMS ANNETTE
REGION CODE ADDRESS : 24 RED TAIL DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,177.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031518285 MORTGAGORS: ZIEGLER JAMES
ZIEGLER JOY
REGION CODE ADDRESS : 170 PLUM BEACH ROAD
01 CITY : NORTH KINGSTOWN
STATE/ZIP : RI 02874
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,844.00
P & I AMT: 11,477.51
UPB AMT: 1,687,294.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031518343 MORTGAGORS: TEPPER JONATHAN
TEPPER CINDY
REGION CODE ADDRESS : 11 LEATHERLEAF COURT
01 CITY : NORTH POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031518350 MORTGAGORS: VENTURA ANDREW
VENTURA NANCY
REGION CODE ADDRESS : 2450 KENTIA STREET
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,209.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.75700
----------------------------------------------------------------
0 0031518392 MORTGAGORS: PAAR PETER
PAAR OLGA
REGION CODE ADDRESS : 423 DEDHAM AVENUE
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,787.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.83300
----------------------------------------------------------------
0 0031518764 MORTGAGORS: OLIVER RICHARD
OLIVER LYNNE
REGION CODE ADDRESS : 10123 ELLARD DRIVE
01 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.56689
----------------------------------------------------------------
0 0031518954 MORTGAGORS: GRIFFIN BRAD
CHESNUTT DALE
REGION CODE ADDRESS : 14 ESTATES COURT
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,506.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 47.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,400.00
P & I AMT: 9,070.85
UPB AMT: 1,325,931.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031519069 MORTGAGORS: CHATTERJEE ANISH
BESECKE LESLIE
REGION CODE ADDRESS : 1718 HARRISON
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 270,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031519259 MORTGAGORS: LOVE SAM
LOVE BARBARA
REGION CODE ADDRESS : 8001 WINGATE DRIVE
01 CITY : GLENN DALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,689.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.28000
----------------------------------------------------------------
0 0031519283 MORTGAGORS: BERG AARON
BERG PATRICE
REGION CODE ADDRESS : 2 WOOD STONE ROAD
01 CITY : CHESTER
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,751.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.58300
----------------------------------------------------------------
0 0031519663 MORTGAGORS: MOORE GWEN
REGION CODE ADDRESS : 128 ADA AVENUE #22
01 CITY : MT. VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.07310
----------------------------------------------------------------
0 0031519747 MORTGAGORS: KWON JAE
REGION CODE ADDRESS : 1914 CAMINITO DE LA VALLE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,796.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,826,900.00
P & I AMT: 12,770.47
UPB AMT: 1,826,170.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031519754 MORTGAGORS: CLARK JAMES
CLARK VIRGINIA
REGION CODE ADDRESS : 8140 HARRIOTT ROAD
01 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.82900
----------------------------------------------------------------
0 0031519804 MORTGAGORS: URBAN WILLIAM
URBAN MARY
REGION CODE ADDRESS : 9533 EAST MAPLEWOOD CIRCLE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,452.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
0 0031519812 MORTGAGORS: SPEER RANDOLPH
SPEER DEBORAH
REGION CODE ADDRESS : 1079 CORONA LANE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,406.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031519838 MORTGAGORS: WEEKS PHILLIP
WEEKS ELIZABETH
REGION CODE ADDRESS : 4895 RICARA DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 199,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,083.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,432.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 79.99199
----------------------------------------------------------------
0 0031519903 MORTGAGORS: ENRIQUEZ MIGUEL
ENRIQUEZ GUADALUPE
REGION CODE ADDRESS : 1111 CALLE VISTA AVENUE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 139,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,896.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 971.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 79.88500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,500.00
P & I AMT: 9,696.57
UPB AMT: 1,391,505.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031519929 MORTGAGORS: VERNON TIMOTHY
VERNON JUDY
REGION CODE ADDRESS : 2523 PARK PLACE
01 CITY : EVANSTOWN
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
0 0031519945 MORTGAGORS: HARRIS TODD
HARRIS BETTY JO
REGION CODE ADDRESS : 101 COUNTRY CLUB ROAD
01 CITY : MONROE
STATE/ZIP : LA 71201
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031520133 MORTGAGORS: HUNT KENNETH
HUNT PEGGY
REGION CODE ADDRESS : 1925 TAMARACK STREET
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,793.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.34200
----------------------------------------------------------------
0 0031520349 MORTGAGORS: MULDERRIG KATHERINE
REGION CODE ADDRESS : 4771 MARBLEHEAD BAY DRIVE
01 CITY : OCEANSIDE
STATE/ZIP : CA 92057
MORTGAGE AMOUNT : 157,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,886.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,111.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.50000
----------------------------------------------------------------
0 0031520554 MORTGAGORS: SUN NATALIE
REGION CODE ADDRESS : 11607 MISSISSIPPI AVENUE #5
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,794.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.21600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,000.00
P & I AMT: 10,229.18
UPB AMT: 1,468,193.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520646 MORTGAGORS: BENNETT CHARLES
BENNETT DENISE
REGION CODE ADDRESS : 1723 PERCH STREET
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031520661 MORTGAGORS: COLTON BRENDA
REGION CODE ADDRESS : 1031 FREEDOM CT
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,421.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031520729 MORTGAGORS: LUTJE ROGER
LUTJE NANCY
REGION CODE ADDRESS : 43 JUNIPER ROAD
01 CITY : PLACITAS
STATE/ZIP : NM 87043
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,297.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.87500
----------------------------------------------------------------
0 0031521008 MORTGAGORS: FREEDMAN BRUCE
WASH DENISE
REGION CODE ADDRESS : 309 ORCHARD WAY
01 CITY : MERION STATION
STATE/ZIP : PA 19066
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521032 MORTGAGORS: HSU JIN-MING
HSU SHIRLEY
REGION CODE ADDRESS : 1934 RAMSGATE CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.96551
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,100.00
P & I AMT: 10,385.98
UPB AMT: 1,484,082.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521081 MORTGAGORS: LANDS ELLIOTTE
LANDS DONNA
REGION CODE ADDRESS : 734 SOUTH LEE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,761.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.16600
----------------------------------------------------------------
0 0031521156 MORTGAGORS: EVORA DARRYL
EVORA KAMALA
REGION CODE ADDRESS : 15222 TOURAINE WAY
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,806.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521248 MORTGAGORS: YOUNG DOUGLAS
YOUNG PATRICIA
REGION CODE ADDRESS : 7 ARDILLA ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 329,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,943.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.47900
----------------------------------------------------------------
0 0031521305 MORTGAGORS: KALDUNSKI PAUL
REGION CODE ADDRESS : 4255 HESSEL ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,216.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 83.78300
----------------------------------------------------------------
0 0031521420 MORTGAGORS: PERERA NIMAL
PERERA JASMINE
REGION CODE ADDRESS : 9160 HAMILTON STREET
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91701
MORTGAGE AMOUNT : 232,541.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,368.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,741.00
P & I AMT: 10,397.26
UPB AMT: 1,457,096.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521438 MORTGAGORS: STEVENS ELIZABETH
REGION CODE ADDRESS : 359 MERK ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 409,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,680.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.69200
----------------------------------------------------------------
0 0031521669 MORTGAGORS: ANDERSON LANCE
REGION CODE ADDRESS : 5937 SHASTA AVENUE
01 CITY : DUNSMUIR
STATE/ZIP : CA 96025
MORTGAGE AMOUNT : 53,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 53,561.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 379.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521768 MORTGAGORS: CIRINCIONE PAMELA
BREINGAN ROBERT
REGION CODE ADDRESS : 25 PARK AVENUE
01 CITY : WAKEFIELD
STATE/ZIP : MA 01880
MORTGAGE AMOUNT : 332,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521933 MORTGAGORS: BRENZA KARL
REGION CODE ADDRESS : 8 ROLLING RIDGE COURT
01 CITY : MOUNT KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,543.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,144.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.20603
----------------------------------------------------------------
0 0031521958 MORTGAGORS: WALWYN MARK
WALWYN ROBIN
REGION CODE ADDRESS : 994 SOUTH DANIEL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,011.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,714,900.00
P & I AMT: 11,706.50
UPB AMT: 1,713,596.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522014 MORTGAGORS: BEKKER P.
BEKKER H.
REGION CODE ADDRESS : 4083 EAST CRESTHAVEN DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,935.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031522253 MORTGAGORS: KASSABIAN LEON
KASSABIAN ALINE
REGION CODE ADDRESS : 54 BARTLETT DRIVE
01 CITY : MANHASSET
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.12500
----------------------------------------------------------------
0 0031522311 MORTGAGORS: FITZPATRICK JOHN
FITZPATRICK ELLEN
REGION CODE ADDRESS : 504 CRESTWOOD DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 211,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,031.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,422.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031522493 MORTGAGORS: MCINTOSH JAMES
MCINTOSH SUSAN
REGION CODE ADDRESS : 360 HILLSIDE DRIVE
01 CITY : STEAMBOAT SPRINGS
STATE/ZIP : CO 80477
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,757.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,075.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 58.47900
----------------------------------------------------------------
0 0031524069 MORTGAGORS: HANSEN KEN
HANSEN SYLVIA
REGION CODE ADDRESS : 179 OYSTER POND ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,750.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,830,200.00
P & I AMT: 12,904.82
UPB AMT: 1,828,474.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031524101 MORTGAGORS: TEDDER MICHAEL
TEDDER STACY
REGION CODE ADDRESS : 3 HEATHROW COURT
01 CITY : DALWORTHINGTON GARDENS
STATE/ZIP : TX 76015
MORTGAGE AMOUNT : 249,202.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,812.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.29400
----------------------------------------------------------------
0 0031524606 MORTGAGORS: KENNEDY KIMBERLY
REGION CODE ADDRESS : 35625 POND DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 239,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,762.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031524689 MORTGAGORS: HALLISEY DANIEL
HALLISEY DENISE
REGION CODE ADDRESS : 8044 WYNDHAM HILL COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,239.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.39000
----------------------------------------------------------------
0 0031524861 MORTGAGORS: NEWSOM GIL
NEWSOM KATHLEEN
REGION CODE ADDRESS : 838 N. GREENLEAF AVENUE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 118,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,656.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 846.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.77800
----------------------------------------------------------------
0 0031524887 MORTGAGORS: GOODFRIEND JAY
GOODFRIEND KATHLEEN
REGION CODE ADDRESS : 2416 NORTHEAST 20TH AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,208,802.00
P & I AMT: 8,259.09
UPB AMT: 1,207,471.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031525033 MORTGAGORS: SAHLSTROM DAVID
SAHLSTROM JEAN
REGION CODE ADDRESS : 129 CHEVY CHASE DRIVE
01 CITY : WAYZATA
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 278,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,697.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.14600
----------------------------------------------------------------
0 0031525116 MORTGAGORS: WINEINGER GERALD
REGION CODE ADDRESS : #2 WOODY CREST CIRCLE
01 CITY : FAIRVIEW
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.07400
----------------------------------------------------------------
0 0031525132 MORTGAGORS: LEVIN RICHARD
LEVIN STELLA
REGION CODE ADDRESS : 6117 CONDON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,095.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031525173 MORTGAGORS: GRESS ROBERT
GRESS JACQUELINE
REGION CODE ADDRESS : 33296 JAMIE CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,766.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031525314 MORTGAGORS: LEWIS GARY
LEWIS JANNA
REGION CODE ADDRESS : 4832 CAPE CORAL DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,200.00
P & I AMT: 10,216.41
UPB AMT: 1,457,160.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031525389 MORTGAGORS: BARBATO ANTHONY
BARBATO PRISCILLA
REGION CODE ADDRESS : 7749 HARBOR LANE
01 CITY : DENVER
STATE/ZIP : NC 28037
MORTGAGE AMOUNT : 287,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,730.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031525447 MORTGAGORS: DELVECCHIO ROBERT
DELVECCHIO PATRICE
REGION CODE ADDRESS : 416 VIA LINDA VISTA
01 CITY : TORRANCE
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.11100
----------------------------------------------------------------
0 0031525454 MORTGAGORS: SWIFT PATRICK
WILLIAMSON PETER
REGION CODE ADDRESS : 1981-B FUNSTON AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,600.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,626.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031525694 MORTGAGORS: NEWMAN STANLEY
NEWMAN BETTE
REGION CODE ADDRESS : 29286 BOWHILL ROAD
01 CITY : HAYWARD
STATE/ZIP : CA 94544
MORTGAGE AMOUNT : 252,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,962.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.85700
----------------------------------------------------------------
0 0031525702 MORTGAGORS: GREENWOOD MARK
GREENWOOD MIRIAM
REGION CODE ADDRESS : 11722 EAST PRINCETON AVENUE
01 CITY : SANGER
STATE/ZIP : CA 93657
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,259.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.92307
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,600.00
P & I AMT: 11,300.37
UPB AMT: 1,640,291.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031525769 MORTGAGORS: HARTLEY CARROLL
HARTLEY ANNETTE
REGION CODE ADDRESS : 1025 MITCHELL CANYON ROAD
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,831.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.56200
----------------------------------------------------------------
0 0031526056 MORTGAGORS: WASKIN ALAN
WASKIN MARIA
REGION CODE ADDRESS : 1145 NORMAN LANE
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 297,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031526072 MORTGAGORS: GRAY KEVIN
GRAY PATRICIA
REGION CODE ADDRESS : 146 NORTHWYKE DRIVE
01 CITY : JACKSON
STATE/ZIP : TN 38305
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,510.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 81.90100
----------------------------------------------------------------
0 0031526114 MORTGAGORS: GILSANZ VICENTE
BOECHAT MARIA
REGION CODE ADDRESS : 15237 VIA DE LAS OLAS
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,580.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,537.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031526502 MORTGAGORS: JONI SAJ-NICOLE
REGION CODE ADDRESS : 11 SCOTT STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 514,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,550.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.81900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,848,200.00
P & I AMT: 13,072.16
UPB AMT: 1,847,121.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031527203 MORTGAGORS: CARPENTER DEAN
CARPENTER FREDDA
REGION CODE ADDRESS : 7305 CALLE NOBLEZA
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93309
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,670.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031527351 MORTGAGORS: BUSH JAMES
BUSH KATHLEEN
REGION CODE ADDRESS : 750 DUBANSKI DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.94800
----------------------------------------------------------------
0 0031527542 MORTGAGORS: SHOEMAKER KEITH
SHOEMAKER PHYLLIS
REGION CODE ADDRESS : 6688 NW 103RD LANE
01 CITY : PARKLAND
STATE/ZIP : FL 33076
MORTGAGE AMOUNT : 305,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,302.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031527609 MORTGAGORS: CONLOW JAMES
QUIST KATHERINE
REGION CODE ADDRESS : 6010 SKYLINE BOULEVARD
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 649,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,530.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,593.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.56410
----------------------------------------------------------------
0 0031527930 MORTGAGORS: FOCA GENE
FOCA GRACE
REGION CODE ADDRESS : 29 BROADVIEW TERRACE
01 CITY : CHATHAM BORO
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.64400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,050.00
P & I AMT: 12,156.73
UPB AMT: 1,748,297.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031528011 MORTGAGORS: BRAVO MARIANO
BRAVO PATRICIA
REGION CODE ADDRESS : 105 OAK TREE DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,239.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031528086 MORTGAGORS: FERRY JAMES
FERRY LAUREL
REGION CODE ADDRESS : 535 WELLESLEY STREET
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.13500
----------------------------------------------------------------
0 0031528136 MORTGAGORS: KISS GARY
CHIMKIN GARY
REGION CODE ADDRESS : 296 WEST 10TH ST #3S
01 CITY : NEW YORK
STATE/ZIP : NY 10014
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031528524 MORTGAGORS: YOUNG MARSHALL
YOUNG ILENE
REGION CODE ADDRESS : 83 GREENWOOD DRIVE
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.82200
----------------------------------------------------------------
0 0031528615 MORTGAGORS: FARKAS ANDREW
FARKAS DIANE
REGION CODE ADDRESS : 3127 WINDSONG DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 511,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,801.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,487.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,896,700.00
P & I AMT: 13,018.42
UPB AMT: 1,896,040.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031528847 MORTGAGORS: ALVARADO NATHAN
ALVARADO LINDA
REGION CODE ADDRESS : 761 ARABIAN CIRCLE
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 311,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,668.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031528854 MORTGAGORS: PASCALE ADELE
IVERSON SCOTT
REGION CODE ADDRESS : 37 CONCORD ROAD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 341,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,269.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031528896 MORTGAGORS: FECHTER SAMIER
FECHTER LISA
REGION CODE ADDRESS : 1245 WILDWOOD WAY
01 CITY : CHASKA
STATE/ZIP : MN 55318
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031528987 MORTGAGORS: NELLIS ROBERT
NELLIS KATHY
REGION CODE ADDRESS : 22322 REGNART RD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,629.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 42.66600
----------------------------------------------------------------
0 0031529506 MORTGAGORS: FINLEY FRED
FINLEY DIANE
REGION CODE ADDRESS : 2480 CEDARWOOD ROAD
01 CITY : PEPPER PIKE
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 437,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,948.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,927,600.00
P & I AMT: 13,239.37
UPB AMT: 1,926,997.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031529514 MORTGAGORS: NIELSEN MICHAEL
KYLE GREGG
REGION CODE ADDRESS : 67 JUANITA WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,744.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031529621 MORTGAGORS: MILLER HIROKO
REGION CODE ADDRESS : 13110 CAMINO RAMILLETTE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,843.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,364.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 34.78200
----------------------------------------------------------------
0 0031529647 MORTGAGORS: JETT MORRIS
JETT KAREN
REGION CODE ADDRESS : 4112 VISTA CREEK COURT
01 CITY : ARLINGTON
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 248,110.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,911.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.76500
----------------------------------------------------------------
0 0031529837 MORTGAGORS: CHAN HUGO
HSU GINGER
REGION CODE ADDRESS : 46850 SENTINAL DR
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 521,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,853.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,600.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031529852 MORTGAGORS: HAYES JOHN
HAYES JENNIFER
REGION CODE ADDRESS : 2677 LOCUST ST
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,360.00
P & I AMT: 11,058.76
UPB AMT: 1,616,353.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031529878 MORTGAGORS: AGUILAR SARAH
REGION CODE ADDRESS : 5474 MCKEE ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.51300
----------------------------------------------------------------
0 0031529936 MORTGAGORS: MARTINEZ LEROY
MARTINEZ JUDY
REGION CODE ADDRESS : 101 CHAPEL LANE
01 CITY : LAMESILLA
STATE/ZIP : NM 87532
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.71200
----------------------------------------------------------------
0 0031529985 MORTGAGORS: COHEN JOSEPH
COHEN RONNIE
REGION CODE ADDRESS : ROUTE 9 (SUDESTE PLACE)
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 44.82700
----------------------------------------------------------------
0 0031530082 MORTGAGORS: WOOD GREGORY
REGION CODE ADDRESS : 11913 MIRA MESA DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78732
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,183.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031530173 MORTGAGORS: MEYER P
MEYER STAFFORD
REGION CODE ADDRESS : 1429 W HENDERSON AVE #2
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,838.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,400.00
P & I AMT: 9,018.66
UPB AMT: 1,298,216.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031530397 MORTGAGORS: EVENHAIM SHARON
EVENHAIM DORIT
REGION CODE ADDRESS : 23452 PALM DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,711.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.06600
----------------------------------------------------------------
0 0031530454 MORTGAGORS: BLOM JOHN
BLOM BRENDA
REGION CODE ADDRESS : 3225 EDGEWATER DRIVE
01 CITY : TAHOE CITY
STATE/ZIP : CA 96145
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,355.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.90300
----------------------------------------------------------------
0 0031530496 MORTGAGORS: RANNEY MICHAEL
RANNEY SANDRA
REGION CODE ADDRESS : 2185 CYPRESS STREET
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,416.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.83300
----------------------------------------------------------------
0 0031530512 MORTGAGORS: OFFICER GARY
OFFICER SHELLY-ANN
REGION CODE ADDRESS : 3 CANTERBURY DR.
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,157.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031530629 MORTGAGORS: DEDIEMER BRIAN
DEDIEMER LILIBETH
REGION CODE ADDRESS : 25782 CLEAR SPRINGS COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 288,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,175.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,950.00
P & I AMT: 10,315.53
UPB AMT: 1,490,816.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031530702 MORTGAGORS: FORMAN SCOTT
FORMAN JANINE
REGION CODE ADDRESS : 21359 FALLS RIDGE WAY
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.89100
----------------------------------------------------------------
0 0031530827 MORTGAGORS: MELICKER PHILIP
MELICKER YVONNE
REGION CODE ADDRESS : 132 FARNHAM COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,814.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031530868 MORTGAGORS: CHRYSLER LAWRENCE
REGION CODE ADDRESS : 1584 BENEDICT CANYON DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,583.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,076.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.32200
----------------------------------------------------------------
0 0031530926 MORTGAGORS: VAN TIEN
AMAIO TRACY
REGION CODE ADDRESS : 10 BLAZING STAR
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,805.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.02000
----------------------------------------------------------------
0 0031530934 MORTGAGORS: BERNHARDT ERIC
ZENTNER CHRISTINA
REGION CODE ADDRESS : 28 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 234,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,914.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,600.00
P & I AMT: 10,912.70
UPB AMT: 1,573,617.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531130 MORTGAGORS: EAKIN WILLIAM
EAKIN LINDA
REGION CODE ADDRESS : 67 TAYLOR ROAD
01 CITY : COLCHESTER
STATE/ZIP : CT 06415
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,737.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.84600
----------------------------------------------------------------
0 0031531205 MORTGAGORS: MCLAUGHLIN PATRICK
MCLAUGHLIN JENNIFER
REGION CODE ADDRESS : 43 SOUTH VIA LUCIA LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,600.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,967.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031531338 MORTGAGORS: KAPOOR ASHISH
KAPOOR SITA
REGION CODE ADDRESS : 11 HARVEST DRIVE
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,584.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.35600
----------------------------------------------------------------
0 0031531510 MORTGAGORS: ANDERSON HOWARD
ANDERSON MIDENE
REGION CODE ADDRESS : 10855 PORTOFINO PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 525,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,697.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,629.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.37179
----------------------------------------------------------------
0 0031531544 MORTGAGORS: TOMETICH MICHAEL
REGION CODE ADDRESS : 12546 E. LAUREL LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,396.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,833,100.00
P & I AMT: 12,590.52
UPB AMT: 1,821,016.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531551 MORTGAGORS: WILVERDING JEROME
WILVERDING ELLEN
REGION CODE ADDRESS : 1704 JEANNE CIRCLE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,306.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 93.05000
----------------------------------------------------------------
0 0031531577 MORTGAGORS: SANBORN COREY
REGION CODE ADDRESS : 11440 GLENMORA DRIVE
01 CITY : CHARDON
STATE/ZIP : OH 44024
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.97500
----------------------------------------------------------------
0 0031531601 MORTGAGORS: NYE RICHARD
JOHNSEN CAROLYN
REGION CODE ADDRESS : 3108 E. SIERRA VISTA DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 339,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,248.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.80400
----------------------------------------------------------------
0 0031531817 MORTGAGORS: SCHAEFER GREG
FERRERO JULIE
REGION CODE ADDRESS : 25571 FOGGY GLEN DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 230,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,782.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031531908 MORTGAGORS: SCHMIDT FREDERICK
SCHMIDT LISA
REGION CODE ADDRESS : 43 TWOMBLY DRIVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,950.00
P & I AMT: 9,586.77
UPB AMT: 1,370,337.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531957 MORTGAGORS: LOREI MATTHEW
LOREI LESLIE
REGION CODE ADDRESS : 717 CLARENDON ROAD
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,740.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031532013 MORTGAGORS: NORRBY DENNIS
NORRBY DIANE
REGION CODE ADDRESS : 31325 VIA LA NARANGA
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,712.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.45400
----------------------------------------------------------------
0 0031532096 MORTGAGORS: WRIGHT MARYANN
REGION CODE ADDRESS : 11964 SW WILDWOOD STREET
01 CITY : TIGARD
STATE/ZIP : OR 97224
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,758.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031532161 MORTGAGORS: LEE DONG
REGION CODE ADDRESS : 7 TIBURON COURT
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,729.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031532682 MORTGAGORS: WALDT PETER
WALDT DOROTHY
REGION CODE ADDRESS : 90 DOUGLAS ROAD
01 CITY : GLEN RIDGE
STATE/ZIP : NJ 07028
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,000.00
P & I AMT: 11,284.40
UPB AMT: 1,632,941.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031532690 MORTGAGORS: BOYLE CAROLYN
BOYLE STEPHAN
REGION CODE ADDRESS : 17 RALEIGH ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031532724 MORTGAGORS: PIZZELLA SUZANNE
REGION CODE ADDRESS : 69 SOUTH RIVER LANE EAST
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0031532906 MORTGAGORS: HINES WILLIAM
HINES REBECCA
REGION CODE ADDRESS : 24015 SAINT MORITZ DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,534.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031533433 MORTGAGORS: TRUJILLO FRANCISCO
TRUJILLO LOURDES
REGION CODE ADDRESS : 6325 SW 82ND AVE
01 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.60500
----------------------------------------------------------------
0 0031533649 MORTGAGORS: HAGAN ROSE
SURGI DEBORAH
REGION CODE ADDRESS : 125 N LAMBERT STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19103
MORTGAGE AMOUNT : 326,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,475.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,650.00
P & I AMT: 9,624.12
UPB AMT: 1,361,031.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031534068 MORTGAGORS: LITINSKY IGOR
LITINSKY EUGENIA
REGION CODE ADDRESS : 4415 TEDREGAL COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,599.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,775.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031534134 MORTGAGORS: PASINI BART
PASINI JUNE
REGION CODE ADDRESS : 2330 BYRON PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,822.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.72200
----------------------------------------------------------------
0 0031534860 MORTGAGORS: ANDES MARK
REGION CODE ADDRESS : 2508 EAST SIDE DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78704
MORTGAGE AMOUNT : 76,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 75,944.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 537.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031535032 MORTGAGORS: PERLMAN JESS
PERLMAN ROCHELLE
REGION CODE ADDRESS : 4838 CARTWRIGHT AVENUE
01 CITY : NORTH HOLLYWOOD AREA
STATE/ZIP : CA 91601
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,309.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 79.97000
----------------------------------------------------------------
0 0031535248 MORTGAGORS: ABREU STEVE
ABREU MARY
REGION CODE ADDRESS : 2440 FOREST GLEN TRAIL
01 CITY : RIVERWOODS
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.40900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,459,500.00
P & I AMT: 10,273.52
UPB AMT: 1,458,676.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031535297 MORTGAGORS: BAYER RICHARD
BAYER SHELLY
REGION CODE ADDRESS : 1237 DUBONNET COURT
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 524,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,620.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,708.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031535438 MORTGAGORS: LAKE TIMOTHY
REGION CODE ADDRESS : 43 KUNTZ AVENUE
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 241,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,075.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.05970
----------------------------------------------------------------
0 0031535909 MORTGAGORS: NASSE CHARLES
BUCKLEY ISABELLE
REGION CODE ADDRESS : 1415 EWING STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,624.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.21212
----------------------------------------------------------------
0 0031536154 MORTGAGORS: JANOTTA WILLIAM
GRECO FRANCINE
REGION CODE ADDRESS : 9185 COVE POINT STREET SOUTHEAST
01 CITY : TEQUESTA
STATE/ZIP : FL 33469
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,628.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536303 MORTGAGORS: ZOGER ADAM
WOLLENBERG LISE
REGION CODE ADDRESS : 1432 WILLARD ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,366.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.69300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,913,200.00
P & I AMT: 13,398.24
UPB AMT: 1,899,316.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031536360 MORTGAGORS: JOHNSON TED
JOHNSON ANJANETTE
REGION CODE ADDRESS : 24799 S.DESERT HOMESTEAD ROAD
01 CITY : CHANDLER
STATE/ZIP : AZ 85249
MORTGAGE AMOUNT : 280,874.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,647.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.55000
----------------------------------------------------------------
0 0031536584 MORTGAGORS: SINGER AARON
SINGER MARJORIE
REGION CODE ADDRESS : 813 BROWN DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,139.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536691 MORTGAGORS: HICKS PATRICK
REGION CODE ADDRESS : 5105 EAST TURQUOISE AVENUE
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.26800
----------------------------------------------------------------
0 0031536857 MORTGAGORS: TRAN VAN BACH
DOAN KATHY
REGION CODE ADDRESS : 19412 CORALWOOD LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,799.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536881 MORTGAGORS: MINOR JARED
REGION CODE ADDRESS : 4020 NEW HAVEN COURT
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,671.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,484.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.43000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,274.00
P & I AMT: 10,018.97
UPB AMT: 1,443,257.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031536956 MORTGAGORS: ENGELKES JOHN
ENGELKES MYRA
REGION CODE ADDRESS : 64 ALDER STREET
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,684.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.14400
----------------------------------------------------------------
0 0031537061 MORTGAGORS: WESTON LYNN
REGION CODE ADDRESS : 3940 GRESHAM STREET #442
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 357,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,612.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.30000
----------------------------------------------------------------
0 0031537111 MORTGAGORS: CRESTON JAMES
KILLEN-CRESTON RAMINE
REGION CODE ADDRESS : 2572 ROLLING HILLS COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 765,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 763,860.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,348.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 69.54500
----------------------------------------------------------------
0 0031537475 MORTGAGORS: ENGELHARD PHILLIP
REGION CODE ADDRESS : 35 SUNRIDGE DRIVE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031537855 MORTGAGORS: WALKER THOMAS
WALKER JANINE
REGION CODE ADDRESS : 21721 35TH AVENUE SOUTHEAST
01 CITY : BOTHELL
STATE/ZIP : WA 98021
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,741.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,129,200.00
P & I AMT: 14,753.77
UPB AMT: 2,126,716.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031537863 MORTGAGORS: BROWN GARY
BROWN SUSAN
REGION CODE ADDRESS : 76893 COVENTRY CIRCLE
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,970.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.66600
----------------------------------------------------------------
0 0031537970 MORTGAGORS: HUNT KERRY
HUNT LOUISE
REGION CODE ADDRESS : 14132 TATTERSHALL PLACE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 253,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,771.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.60200
----------------------------------------------------------------
0 0031538036 MORTGAGORS: WEBER WILLIAM
WEBER DIANE
REGION CODE ADDRESS : 1051 CITRUS DRIVE
01 CITY : LA HABRA AREA
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,204.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031538101 MORTGAGORS: THOMAS TIMOTHY
THOMAS JOAN
REGION CODE ADDRESS : 51 CANAL RUN WEST
01 CITY : WASHINGTON CROSSING
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.93900
----------------------------------------------------------------
0 0031538226 MORTGAGORS: BRANGMAN HAROLD
BRANGMAN PATRICIA
REGION CODE ADDRESS : 211 SOUTH OAK STREET
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,356.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,850.00
P & I AMT: 9,338.34
UPB AMT: 1,351,302.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031538259 MORTGAGORS: HANSON R
FOREMAN ROBIN
REGION CODE ADDRESS : 754 16TH STREET
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 347,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031538499 MORTGAGORS: RIDDLE JESSE
RIDDLE LISA
REGION CODE ADDRESS : 5 SOUTH LEGEND LANE
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 1,500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 11,006.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 68.18100
----------------------------------------------------------------
0 0031538556 MORTGAGORS: BUCCI GIACOMO
PIVO LORI
REGION CODE ADDRESS : 3450 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031538630 MORTGAGORS: WALSH KATHERINE
FERNIE BRUCE
REGION CODE ADDRESS : 107-111 HIGHT STREET UNIT#107
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031538663 MORTGAGORS: DLUGY GARY
DLUGY CARYL
REGION CODE ADDRESS : 16 BIRD HILL ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,759,920.00
P & I AMT: 19,732.77
UPB AMT: 2,759,697.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031538937 MORTGAGORS: FELTMAN WAYNE
FELTMAN JANELLE
REGION CODE ADDRESS : 6819 CYPRESS MIST
01 CITY : CONVERSE
STATE/ZIP : TX 78109
MORTGAGE AMOUNT : 58,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,461.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 434.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031538978 MORTGAGORS: JUNEAU BRAD
JUNEAU KATHERINE
REGION CODE ADDRESS : 22637 WATSON ROAD
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 220,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,614.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,450.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539034 MORTGAGORS: SPINOSA ANTHONY
SPINOSA NANCY
REGION CODE ADDRESS : 9308 JENNA COURT
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,978.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539125 MORTGAGORS: DUMONT THOMAS
DUMONT VICKI
REGION CODE ADDRESS : 1516 RIVERVIEW DRIVE
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,298.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.20500
----------------------------------------------------------------
0 0031539174 MORTGAGORS: KAHN FRANCES
REGION CODE ADDRESS : 267 ST. JOSEPH'S WAY
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19106
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,228,000.00
P & I AMT: 8,253.66
UPB AMT: 1,227,353.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031539356 MORTGAGORS: KIRCHNER ROBERT
COLLINS PATRICIA
REGION CODE ADDRESS : 138 BOSS ROAD
01 CITY : STOCKTON
STATE/ZIP : NJ 08559
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.90599
----------------------------------------------------------------
0 0031539406 MORTGAGORS: CASE RENEE
POTTERFIELD CARY
REGION CODE ADDRESS : 1280 SAINT ANDREWS ROAD-UNIT 19,
01 CITY : LAKE GENEVA
STATE/ZIP : WI 53147
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.33300
----------------------------------------------------------------
0 0031539430 MORTGAGORS: CASE RENEE
REGION CODE ADDRESS : 1803 NORTH PAULINA STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60622
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,729.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539463 MORTGAGORS: SUBLEWSKI THOMAS
SUBLEWSKI ELIZABETH
REGION CODE ADDRESS : 1002 QUASSEY AVENUE
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.22200
----------------------------------------------------------------
0 0031539521 MORTGAGORS: KLEIMAN GARY
KLEIMAN BETH
REGION CODE ADDRESS : 14 TUXEDO DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,000.00
P & I AMT: 12,212.87
UPB AMT: 1,759,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031539539 MORTGAGORS: CASELLA CHARLES
CASELLA ELIZABETH
REGION CODE ADDRESS : 22 WILSON STREET
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.25000
----------------------------------------------------------------
0 0031539687 MORTGAGORS: STEPHENS SCOTT
STEPHENS VICTORIA
REGION CODE ADDRESS : 1638 FOUNTAIN SPRINGS CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,608.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539950 MORTGAGORS: GERARD W JOSEPH
GERARD ARLENE
REGION CODE ADDRESS : 1189 ROSEHILL COURT
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 374,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,464.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,588.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031540008 MORTGAGORS: JONGEWARD MARK
JONGEWARD ELIZABETH
REGION CODE ADDRESS : 599 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 232,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,006.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031540347 MORTGAGORS: MASON RONALD
MASON JACQUELINE
REGION CODE ADDRESS : 58 GROVELAND TERRACE
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55403
MORTGAGE AMOUNT : 444,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,744.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,991.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.80300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,595,100.00
P & I AMT: 11,017.80
UPB AMT: 1,593,824.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031540354 MORTGAGORS: WEIR JAMES
WEIR BRIDGET
REGION CODE ADDRESS : 1017 GREENLEAF AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.26000
----------------------------------------------------------------
0 0031540438 MORTGAGORS: GULRAJANI ROGER
GULRAJANI JENNIFER
REGION CODE ADDRESS : 3215 78TH PLACE, N.E.
01 CITY : MEDINA
STATE/ZIP : WA 98039
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,638.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,165.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031540719 MORTGAGORS: PAIGE HENRY
PAIGE GLADYS
REGION CODE ADDRESS : 10 LEABIG LANE
01 CITY : MARTINEZ,
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,401.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541071 MORTGAGORS: EDWARDS ROBERT
REGION CODE ADDRESS : 10085 CLIFF MILLS ROAD
01 CITY : MARSHALL
STATE/ZIP : VA 20115
MORTGAGE AMOUNT : 255,978.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,783.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.26800
----------------------------------------------------------------
0 0031541147 MORTGAGORS: HASSETT JACK
HASSETT LANA
REGION CODE ADDRESS : 3459 HENDERSEN CIRCLE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 273,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,506.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,278.00
P & I AMT: 11,172.99
UPB AMT: 1,601,330.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031541261 MORTGAGORS: PETERS JACK
PETERS REGINA
REGION CODE ADDRESS : 47754 BLOCKHOUSE POINT PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,397.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541303 MORTGAGORS: WRIGHT JAMES
REGION CODE ADDRESS : 2607 & 2607 1/2 6TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,932.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541329 MORTGAGORS: WAKABAYASHI ISAO
WAKABAYASHI TOSHIKO
REGION CODE ADDRESS : 24 VIZCAYA COURT
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 688,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 687,976.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,755.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 74.99800
----------------------------------------------------------------
0 0031541758 MORTGAGORS: SCHAEFFER JAMES
SIMKE-SCHAEFFER ARLENE
REGION CODE ADDRESS : 9534 BOLTON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,680.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.41300
----------------------------------------------------------------
0 0031541824 MORTGAGORS: KERRIGAN CHRISTOPHER
KERRIGAN TERI
REGION CODE ADDRESS : 1450 LAKEVIEW DRIVE
01 CITY : DELAND
STATE/ZIP : FL 32720
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,766.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,027,300.00
P & I AMT: 13,985.89
UPB AMT: 2,025,753.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031541956 MORTGAGORS: JOHNSON JAMES
RONCHI LINDA
REGION CODE ADDRESS : 47768 SAULTY DRIVE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,762.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541980 MORTGAGORS: SIDWELL CHARLES
SIDWELL MICHELE
REGION CODE ADDRESS : 2 UNAMI COURT
01 CITY : SOMERSET
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 314,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,922.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.53200
----------------------------------------------------------------
0 0031542194 MORTGAGORS: WRIGHT ANDREW
SCHWARTZ-WRIGHT LINDA
REGION CODE ADDRESS : 17080 ESCALON DRIVE
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542210 MORTGAGORS: COX JOSEPH
COX HELGA
REGION CODE ADDRESS : 250 SHORE ROAD
01 CITY : WESTERLY
STATE/ZIP : RI 02891
MORTGAGE AMOUNT : 334,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031542574 MORTGAGORS: REXELLE GREGORY
REGION CODE ADDRESS : 712 COAST RANGE DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,613.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.86500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,500.00
P & I AMT: 9,820.43
UPB AMT: 1,429,449.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031543093 MORTGAGORS: DAILY RALPH
REGION CODE ADDRESS : 19624 NORMANDALE AVENUE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,622.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031543150 MORTGAGORS: GALLIANI ROBERT
ANASTASI-GALLIANI MARA
REGION CODE ADDRESS : 99 FAWN DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 401,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,709.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.39400
----------------------------------------------------------------
0 0031543275 MORTGAGORS: GIBBS BRIAN
GIBBS ANDREA
REGION CODE ADDRESS : 6004 KYLIE COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,290.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031543440 MORTGAGORS: EIPP THOMAS
EIPP LAURA
REGION CODE ADDRESS : 3 DAVID COURT
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,744.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031543473 MORTGAGORS: SENSENEY CRAIG
SENSENEY LAURA
REGION CODE ADDRESS : 9807 VERONICA DRIVE
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 161,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 161,477.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,116.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,900.00
P & I AMT: 9,616.49
UPB AMT: 1,379,844.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031543747 MORTGAGORS: ERNST KEITH
ERNST JERI
REGION CODE ADDRESS : 1465 CORONET DRIVE
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 256,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,749.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031543770 MORTGAGORS: TAYLOR CAROL
REGION CODE ADDRESS : 509 NAPLES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,907.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 978.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 67.16400
----------------------------------------------------------------
0 0031543812 MORTGAGORS: HABERMAN JAMES
BROTMAN DEBORAH
REGION CODE ADDRESS : 38 KENWOOD ROAD
01 CITY : TENAFLY
STATE/ZIP : NJ 07670
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.66600
----------------------------------------------------------------
0 0031543895 MORTGAGORS: PESOT RICHARD
PESOT ANITA
REGION CODE ADDRESS : 35 EAST 23RD STREET
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,737.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031544034 MORTGAGORS: SILVIUS TOM
REGION CODE ADDRESS : 1927 RANCHO VERDE CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 237,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,019.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,233,150.00
P & I AMT: 8,411.55
UPB AMT: 1,232,414.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031544042 MORTGAGORS: BROWN LARRY
DUFFICY-BROWN KIM
REGION CODE ADDRESS : 1135 FOREST GLEN LANE
01 CITY : YREKA
STATE/ZIP : CA 96097
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,869.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,230.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.22200
----------------------------------------------------------------
0 0031544075 MORTGAGORS: JENSEN RITA
REGION CODE ADDRESS : 16081 SELBORNE DRIVE
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94578
MORTGAGE AMOUNT : 145,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,491.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,018.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031544109 MORTGAGORS: PROBERT RICHARD
PROBERT JUDITH
REGION CODE ADDRESS : 121 CLUB TERRACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,776.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.31800
----------------------------------------------------------------
0 0031544323 MORTGAGORS: MIKEL LINDA
REGION CODE ADDRESS : 541 LAS TABLAS ROAD
01 CITY : TEMPLETON
STATE/ZIP : CA 93465
MORTGAGE AMOUNT : 81,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,245.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 596.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.91300
----------------------------------------------------------------
0 0031544455 MORTGAGORS: PELTIER BRUCE
POMEROY TRACEY
REGION CODE ADDRESS : 720 SIERRA POINT ROAD
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,786.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.53200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 941,900.00
P & I AMT: 6,454.70
UPB AMT: 941,170.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031544869 MORTGAGORS: CORNELL ALEXANDER
CORNELL BRENDA
REGION CODE ADDRESS : 7903 RIVIERA COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 343,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,331.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.09000
----------------------------------------------------------------
0 0031545254 MORTGAGORS: WOOD RAYMOND
WOOD LORI
REGION CODE ADDRESS : 5251 MOUNTAIN VIEW AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,564.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031545296 MORTGAGORS: NORWOOD DEIRDRE
REGION CODE ADDRESS : 515 NORTH ROXBURY DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 345,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,903.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 28.79100
----------------------------------------------------------------
0 0031545429 MORTGAGORS: SMITH DARLENE
CRONIN THOMAS
REGION CODE ADDRESS : 12973 MAXWELL DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,456.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545700 MORTGAGORS: COULSON DON
COULSON PHYLLIS
REGION CODE ADDRESS : 18378 MOUNT CHERIE CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,777.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,900.00
P & I AMT: 10,537.28
UPB AMT: 1,529,033.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545940 MORTGAGORS: HOFFMAN THEODORE
REGION CODE ADDRESS : 122 CATARACT STREET
01 CITY : WORCESTER
STATE/ZIP : MA 01602
MORTGAGE AMOUNT : 107,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 761.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545981 MORTGAGORS: SHIELDS KATHLEEN
DAM GERARDUS
REGION CODE ADDRESS : 408 SWEETBRIAR COURT
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,658.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031546005 MORTGAGORS: FRASER KENNETH
FRASER DEBRA
REGION CODE ADDRESS : 3694 JUNIPER DRIVE
01 CITY : SAN BERNARDINO
STATE/ZIP : CA 92404
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,246.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,296.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031546237 MORTGAGORS: MARSHALL DONALD
MARSHALL SHERRY
REGION CODE ADDRESS : 176 SOUTH LOOKOUT MOUNTAIN ROAD
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 437,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,675.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,055.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.05400
----------------------------------------------------------------
0 0031546435 MORTGAGORS: WIEWIORA GEORGE
LEE REBECCA
REGION CODE ADDRESS : 1966 TITUS STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,401.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,900.00
P & I AMT: 9,462.05
UPB AMT: 1,360,582.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031546468 MORTGAGORS: UNDERSETH MITCHEL
UNDERSETH LAUREL
REGION CODE ADDRESS : 1776 ALAMEDA DIABLO
01 CITY : DIABLO
STATE/ZIP : CA 94528
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,243.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,060.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.00000
----------------------------------------------------------------
0 0031546500 MORTGAGORS: BUNCE MARIANNE
REGION CODE ADDRESS : 765 VIOLET COURT
01 CITY : BENICIA
STATE/ZIP : CA 94510
MORTGAGE AMOUNT : 162,475.00 OPTION TO CONVERT :
UNPAID BALANCE : 162,233.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,136.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.68038
----------------------------------------------------------------
0 0031547011 MORTGAGORS: SCHNEIDER DANIEL
BROUSSARD JACQUELINE
REGION CODE ADDRESS : 6515 CATAMARAN STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031547227 MORTGAGORS: COTA THOMAS
COTA JOANNE
REGION CODE ADDRESS : 2617 WEST NORWAY DRIVE
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0031547706 MORTGAGORS: DOWLER GREGORY
REGION CODE ADDRESS : 367 MAVIS DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,791.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,475.00
P & I AMT: 10,353.70
UPB AMT: 1,509,028.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031547714 MORTGAGORS: UDEY MARK
UDEY DEBRA
REGION CODE ADDRESS : 9716 KENMORE DRIVE
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,767.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031547730 MORTGAGORS: WHITE JAMES
WHITE BELINDA
REGION CODE ADDRESS : 13202 GRIFFIN RUN
01 CITY : CARMEL
STATE/ZIP : IN 46033
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0031547805 MORTGAGORS: NITCHER DEBRA LEE
REGION CODE ADDRESS : 552 W BERRIDGE LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 45.45400
----------------------------------------------------------------
0 0031547821 MORTGAGORS: WALLER ETHEL
REGION CODE ADDRESS : 5756 LA JOLLA WAY
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 61,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,554.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 430.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031547979 MORTGAGORS: TRAGUS PETER
TRAGUS DENA
REGION CODE ADDRESS : 622 EL REDONDO AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,643.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,313,600.00
P & I AMT: 9,134.71
UPB AMT: 1,312,612.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548084 MORTGAGORS: BROWNELL ELISE
SEPERACK PETE
REGION CODE ADDRESS : 838 SIBERT COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,668.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.81800
----------------------------------------------------------------
0 0031548092 MORTGAGORS: WALLBERG JOHN
REGION CODE ADDRESS : 1609 WOODOAK DRIVE
01 CITY : RICHARDSON
STATE/ZIP : TX 75082
MORTGAGE AMOUNT : 99,520.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,444.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 687.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031548100 MORTGAGORS: LADD THOMAS
LADD CARI
REGION CODE ADDRESS : 401 BROAD CREEK LANE
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,862.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,117.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031548159 MORTGAGORS: SOTO JOSE
REGION CODE ADDRESS : 15951 DIAMOND STREET
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,730.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,009.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031548530 MORTGAGORS: HASENAUER DAVID
HASENAUER LINDLEY
REGION CODE ADDRESS : 5822 ABERNATHY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,810.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.68500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,151,770.00
P & I AMT: 7,737.49
UPB AMT: 1,150,515.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548621 MORTGAGORS: COLE LAWRENCE
COLE MARY ANN
REGION CODE ADDRESS : 220 EAST RANNEY AVENUE
01 CITY : VERNON HILLS
STATE/ZIP : IL 60061
MORTGAGE AMOUNT : 297,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,090.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031548647 MORTGAGORS: SCHINDLER WILLIAM
SCHINDLER KIT
REGION CODE ADDRESS : 200 HABROR DRIVE #1202
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,752.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.82300
----------------------------------------------------------------
0 0031549157 MORTGAGORS: MALAMES THOMAS
REGION CODE ADDRESS : 1045 MAIN STREET
01 CITY : NORWELL
STATE/ZIP : MA 02061
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,898.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 990.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.22200
----------------------------------------------------------------
0 0031549363 MORTGAGORS: PINTOR ERNIE
PINTOR EVELYN
REGION CODE ADDRESS : 55 EAST VINEDO LANE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,316.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031549496 MORTGAGORS: TANSILL ROBERT
REGION CODE ADDRESS : 3030 GREENBRIAR COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,762.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,100.00
P & I AMT: 9,978.39
UPB AMT: 1,415,820.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031549546 MORTGAGORS: HADERLE DONALD
HADERLE DONALD
REGION CODE ADDRESS : 273 HOWES COURT
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.85500
----------------------------------------------------------------
0 0031549652 MORTGAGORS: NELSON RANDAL
NELSON MICHELLE
REGION CODE ADDRESS : 104 HEPPLEWHITE COURT
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,712.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.00000
----------------------------------------------------------------
0 0031549728 MORTGAGORS: MUELLER GAYLE
REGION CODE ADDRESS : 16545 22ND STREET #B
01 CITY : SUNSET BEACH AREA
STATE/ZIP : CA 90742
MORTGAGE AMOUNT : 129,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,911.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 935.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.65300
----------------------------------------------------------------
0 0031549884 MORTGAGORS: STANLEY GILBERT
STANLEY MARY
REGION CODE ADDRESS : 2221 S STATE HWY #156
01 CITY : HASLET
STATE/ZIP : TX 76052
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,589.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031549967 MORTGAGORS: SCHULTE STEPHEN
REGION CODE ADDRESS : 851 CRESTMONT CIRCLE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 252,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,151.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,318,150.00
P & I AMT: 9,101.55
UPB AMT: 1,317,124.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031550031 MORTGAGORS: KEMPKES MICHAEL
KEMPKES JULIE
REGION CODE ADDRESS : 10 SHANNON CIRCLE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,768.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.74200
----------------------------------------------------------------
0 0031550098 MORTGAGORS: BORAK HARVEY
SWEENEY JOAN
REGION CODE ADDRESS : 24 HIGH RIDGE ROAD
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,803.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.71600
----------------------------------------------------------------
0 0031550817 MORTGAGORS: MOLANO SANTIAGO
MOLANO TERRI
REGION CODE ADDRESS : 782 NEWBURY STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 344,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,881.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,347.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99400
----------------------------------------------------------------
0 0031550981 MORTGAGORS: DILLEY JOHN
DILLEY ANN
REGION CODE ADDRESS : 9632 GAVIN STONE AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.27600
----------------------------------------------------------------
0 0031551005 MORTGAGORS: KVECH TIMOTHY
KVECH DIANNE
REGION CODE ADDRESS : 1708 CATTAIL MEADOWS DRIVE
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 293,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,902.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,500.00
P & I AMT: 10,906.40
UPB AMT: 1,583,759.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031551047 MORTGAGORS: CRANE ROBERT
CRANE ANN
REGION CODE ADDRESS : 34 REVERE DRIVE
01 CITY : BEDMINISTER
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,456.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031551658 MORTGAGORS: HALLEY RONALD
HALLEY TERESA
REGION CODE ADDRESS : 1660 STIGLEMAN ROAD
01 CITY : RICHMOND
STATE/ZIP : IN 47374
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.88800
----------------------------------------------------------------
0 0031551773 MORTGAGORS: TROINI JOHN
TROINI MELANIE
REGION CODE ADDRESS : 8745 LEARNARD WAY
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,655.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
0 0031551815 MORTGAGORS: EVERS SEAN
EVERS ANNE
REGION CODE ADDRESS : 1802 BRIDLEMERE AVENUE
01 CITY : WALL TOWNSHIP
STATE/ZIP : NJ 07719
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,697.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031551831 MORTGAGORS: CIANCIOLA DOMINIC
REGION CODE ADDRESS : 3384 WEST 63RD STREET
01 CITY : CLEVELAND
STATE/ZIP : OH 44102
MORTGAGE AMOUNT : 76,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 601.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,300.00
P & I AMT: 10,189.54
UPB AMT: 1,405,109.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552524 MORTGAGORS: ROLAND WILLIAM
ROLAND LINDA
REGION CODE ADDRESS : 401 CHACO CANYON COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,702.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,398.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031552821 MORTGAGORS: VIERRA LELAND
VIERRA SUZANNE
REGION CODE ADDRESS : 141 EGLOFF CIRCLE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,412.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031553084 MORTGAGORS: BARNES CHRISTOPHER
BARNES AMY
REGION CODE ADDRESS : 9719 SNARE DRUM COURT
01 CITY : BRISTOW
STATE/ZIP : VA 20136
MORTGAGE AMOUNT : 152,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,934.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,050.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031553167 MORTGAGORS: OSMAN JAMES
OSMAN MELINDA
REGION CODE ADDRESS : 9788 WEXFORD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,099.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,388.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.36300
----------------------------------------------------------------
0 0031553191 MORTGAGORS: HAGEN WALTER
HAGEN JAN
REGION CODE ADDRESS : 4333 MONTEREY COURT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.91100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,850.00
P & I AMT: 11,601.63
UPB AMT: 1,650,522.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031553225 MORTGAGORS: ENDONILA ROSE
ENDONILA JOHN
REGION CODE ADDRESS : 286 BRADY ST
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 273,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,512.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99861
----------------------------------------------------------------
0 0031553266 MORTGAGORS: GORGAS GREGORY
GORGAS SANDRA
REGION CODE ADDRESS : 6552 BLUEBONNET DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 306,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,744.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99811
----------------------------------------------------------------
0 0031553654 MORTGAGORS: DALTON RICHARD
DALTON KATHALENE
REGION CODE ADDRESS : 16009 PROMONTORY ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 285,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,543.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.20000
----------------------------------------------------------------
0 0031553696 MORTGAGORS: SANCHEZ NAPOLEON
SANCHEZ IRMINA
REGION CODE ADDRESS : 2208 CHAMPLAIN COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,518.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.90000
----------------------------------------------------------------
0 0031553977 MORTGAGORS: SARTORI HECTOR
SARTORI KAREN
REGION CODE ADDRESS : 7305 OGELSBY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,560.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,453,850.00
P & I AMT: 10,136.09
UPB AMT: 1,451,878.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031554322 MORTGAGORS: TOWNSEND JAY
TOWNSEND JAN
REGION CODE ADDRESS : 0531 GREEN MOUNTAIN
01 CITY : EAGLE
STATE/ZIP : CO 81631
MORTGAGE AMOUNT : 359,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,604.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031554488 MORTGAGORS: CAREY FRANK
LIVELY DEE
REGION CODE ADDRESS : 17680 RACCOON COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.38600
----------------------------------------------------------------
0 0031554967 MORTGAGORS: BECK ROBERT
BECK ANN
REGION CODE ADDRESS : 20638 HILLARY WAY
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,632.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031555071 MORTGAGORS: CHACON PHILIP
CHACON ALISA
REGION CODE ADDRESS : 6340 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 248,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.27001
----------------------------------------------------------------
0 0031555238 MORTGAGORS: CAMPBELL THOMAS
REGION CODE ADDRESS : 945 PLEASANT HOLLOW TRAIL
01 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.42100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,300.00
P & I AMT: 11,103.04
UPB AMT: 1,581,502.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031555253 MORTGAGORS: OVERSTREET GARRY
OVERSTREET SHELLEY
REGION CODE ADDRESS : 22 TRESTLES
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,608.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.36800
----------------------------------------------------------------
0 0031555352 MORTGAGORS: LAFOND STEPHEN
LAFOND KIMBERLE
REGION CODE ADDRESS : 99 DEL PRADO DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,288.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.53600
----------------------------------------------------------------
0 0031555576 MORTGAGORS: WILLIAMS LINDA
REGION CODE ADDRESS : 2223 E PARAISO DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85024
MORTGAGE AMOUNT : 102,591.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,523.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 761.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031555840 MORTGAGORS: MARTIN STEVEN
MARTIN TAMARA
REGION CODE ADDRESS : 933 WAGNON ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,629.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031556079 MORTGAGORS: OCHS JOHN
OCHS RAULINE MARIE
REGION CODE ADDRESS : 16962 BARUNA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 545,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,195.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,814.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.30769
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,991.00
P & I AMT: 10,052.20
UPB AMT: 1,413,245.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556319 MORTGAGORS: FILERMAN MARK
BEERY ROBIN
REGION CODE ADDRESS : 735 MILWAUKEE STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,543.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556368 MORTGAGORS: GOULD HARRIET
REGION CODE ADDRESS : CRAFT COURT CONDOMINIUM UNIT 160,
01 CITY : 160 CRAFT STREET, NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.20600
----------------------------------------------------------------
0 0031556400 MORTGAGORS: BOTTGER BRADFORD
BOTTGER NANCY
REGION CODE ADDRESS : 10 FARVIEW FARM ROAD
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,722.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556442 MORTGAGORS: ZIEGLER ROBERT
ZIEGLER SUSAN
REGION CODE ADDRESS : 7034 NW 65 TERRACE
01 CITY : PARKLAND
STATE/ZIP : FL 33067
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,416.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.10800
----------------------------------------------------------------
0 0031556640 MORTGAGORS: HELLER JAMES
HELLER JANE
REGION CODE ADDRESS : 24 BUENA VISTA AVENUE
01 CITY : FAIR HAVEN
STATE/ZIP : NJ 07704
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,600.00
P & I AMT: 10,507.06
UPB AMT: 1,492,682.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556665 MORTGAGORS: LOVEJOY JEFF
LOVEJOY SHELLEY
REGION CODE ADDRESS : 511 WIEDMAN COURT
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 399,949.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,323.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.87700
----------------------------------------------------------------
0 0031556673 MORTGAGORS: TOWNSEND THANE
TOWNSEND SUSAN
REGION CODE ADDRESS : 23216 BEAUMONT STREET
01 CITY : SANTA CLARITA VALENCIA AR
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,793.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556723 MORTGAGORS: BOSCOLA RON
BOSCOLA DEBBIE
REGION CODE ADDRESS : 24862 NE. 2ND CT
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,986.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031556756 MORTGAGORS: CARANDANG ALBERTO
CARANDANG ESTELITA
REGION CODE ADDRESS : 6054 MAZUELA DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,128.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.85600
----------------------------------------------------------------
0 0031556848 MORTGAGORS: GAUVAIN FRANK
ROSS SUSAN
REGION CODE ADDRESS : LOT 1,4 BEAVER POND ROAD
01 CITY : BELLINGHAM
STATE/ZIP : MA 02019
MORTGAGE AMOUNT : 206,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 205,850.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,458.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,779,149.00
P & I AMT: 12,467.29
UPB AMT: 1,777,082.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556970 MORTGAGORS: SPRINGSTON THEODORE
SPRINGSTON TAUBE
REGION CODE ADDRESS : 8813 SOUTH BLUE MOUNTAIN PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,506.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.93700
----------------------------------------------------------------
0 0031557168 MORTGAGORS: QUEMENER EVELYN
REGION CODE ADDRESS : 4 FAHEY DRIVE UNIT 10
01 CITY : GARNERVILLE
STATE/ZIP : NY 10923
MORTGAGE AMOUNT : 104,930.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,930.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 751.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031557234 MORTGAGORS: EISENBERG GARY
REGION CODE ADDRESS : 1 BUCCANEER STREET APT. #5
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,420.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.47619
----------------------------------------------------------------
0 0031557242 MORTGAGORS: BORENSTEIN HERBERT
BORENSTEIN CYNTHIA
REGION CODE ADDRESS : 1 ROSEBAY CIRCLE
01 CITY : GREENSBORO
STATE/ZIP : NC 27455
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031557333 MORTGAGORS: DABREO JOSEPH
DABREO ALEXANDRA
REGION CODE ADDRESS : 37 UPTON ST #2
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.15500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,212,930.00
P & I AMT: 8,478.55
UPB AMT: 1,211,857.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557630 MORTGAGORS: ZUBEK MARK
ZUBEK KIMBERLY
REGION CODE ADDRESS : 587 MCCARTY AVENUE
01 CITY : MOUNTAN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0031558125 MORTGAGORS: DOORTY DANIEL
DOORTY BERNADETTE
REGION CODE ADDRESS : 4960 FLYING C ROAD
01 CITY : CAMERON PARK
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558133 MORTGAGORS: BASS CLARENCE
BASS KIMBERLY
REGION CODE ADDRESS : 9075 GUAYMAS COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,611.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.34420
----------------------------------------------------------------
0 0031558174 MORTGAGORS: BENEDICT HERBERT
BENEDICT CHERYL
REGION CODE ADDRESS : 2-3635 EAST CLIFF DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,495.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.07400
----------------------------------------------------------------
0 0031558323 MORTGAGORS: WHITE DAVID
WHITE MICHELLE
REGION CODE ADDRESS : 5308 PARK RIDGE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,007.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,440,500.00
P & I AMT: 9,999.78
UPB AMT: 1,438,719.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558356 MORTGAGORS: TABORS ROBERT
HERLIHY CRISTEN
REGION CODE ADDRESS : 4 CHARLES GATE EAST UNIT 304
01 CITY : BOSTON
STATE/ZIP : MA 02115
MORTGAGE AMOUNT : 261,840.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,840.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.34500
----------------------------------------------------------------
0 0031558653 MORTGAGORS: BONFORTE E.
BONFORTE ALICE
REGION CODE ADDRESS : 6211 KILCULLEN DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,506.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.11620
----------------------------------------------------------------
0 0031558687 MORTGAGORS: THACKER JEFFERY
THACKER BONNIE
REGION CODE ADDRESS : 3440 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,387.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558851 MORTGAGORS: GAYL KIRILL
GAYL MARINA
REGION CODE ADDRESS : 14 RAVENS BLUFF
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.26800
----------------------------------------------------------------
0 0031558869 MORTGAGORS: MC GREAL MICHAEL
MC GREAL NATALIE
REGION CODE ADDRESS : 3535 PARAISO WAY
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,277.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,940.00
P & I AMT: 10,083.05
UPB AMT: 1,438,011.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558943 MORTGAGORS: REYES ROMULO
REYES RIZALINDA
REGION CODE ADDRESS : 1134 SUNDALE ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,873.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.71400
----------------------------------------------------------------
0 0031558968 MORTGAGORS: KAMAKURA KENNETH
KAMAKURA AILEEN
REGION CODE ADDRESS : 46-171 LILIPUNA ROAD
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 612,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 612,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,331.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031559008 MORTGAGORS: GOMEZ LOIS
REGION CODE ADDRESS : 155 WEST 68TH STREET #414
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 220,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,744.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031559123 MORTGAGORS: CARDONA STEVEN
CARDONA SARAH
REGION CODE ADDRESS : 2612 CALLE ONICE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 395,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,821.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,830.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031559404 MORTGAGORS: PETRELLA FRANK
PETRELLA TERESA
REGION CODE ADDRESS : 2520 PACIFIC AVENUE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 159,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,124.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,033.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 250
LTV : 54.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,375.00
P & I AMT: 11,571.68
UPB AMT: 1,625,563.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031559487 MORTGAGORS: FERDINANDS PAUL
REGION CODE ADDRESS : 758 WILDWOOD ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30324
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,709.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031559941 MORTGAGORS: MURRAY RICHARD
REGION CODE ADDRESS : 10464 SAM NEIL ROAD
01 CITY : SALADO
STATE/ZIP : TX 76571
MORTGAGE AMOUNT : 68,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 68,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 479.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031559982 MORTGAGORS: FLORIO PETER
REGION CODE ADDRESS : 4301 W. OCEAN BLVD. #1603
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 251,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.91800
----------------------------------------------------------------
0 0031560782 MORTGAGORS: GOLDBERG EUGENE
GOLDBERG LEHUA
REGION CODE ADDRESS : 618 EAST THIRD AVENUE
01 CITY : MOUNT DORA
STATE/ZIP : FL 32757
MORTGAGE AMOUNT : 296,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.21200
----------------------------------------------------------------
0 0031561053 MORTGAGORS: EVERHART CHARLES
EVERHART MARIA TERESA
REGION CODE ADDRESS : 9804 SPRING RIDGE LANE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 265,460.51 OPTION TO CONVERT :
UNPAID BALANCE : 264,958.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/25
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,254,210.51
P & I AMT: 8,852.28
UPB AMT: 1,253,417.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561236 MORTGAGORS: CONNELL ROGER
CONNELL TERESA
REGION CODE ADDRESS : 7800 KILDARE COURT
01 CITY : SPOTSLVANIA
STATE/ZIP : VA 22553
MORTGAGE AMOUNT : 240,534.62 OPTION TO CONVERT :
UNPAID BALANCE : 240,037.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/24
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.87800
----------------------------------------------------------------
0 0031561293 MORTGAGORS: MCCURLEY DAVID
MCCURLEY CAROLYN
REGION CODE ADDRESS : 2850 FOXDALE
01 CITY : JEFFERSON CITY
STATE/ZIP : MO 65109
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,828.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031561301 MORTGAGORS: BOWSER J.
BOWSER CARROLL
REGION CODE ADDRESS : 1619 WINCHESTER ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 362,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,209.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.85800
----------------------------------------------------------------
0 0031561319 MORTGAGORS: MULL RUSSELL
MULL SUSAN
REGION CODE ADDRESS : 10850 HAMPTON ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,073.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031561327 MORTGAGORS: PADDACK CHARLES
MEHLER ANTOINETTE
REGION CODE ADDRESS : 17600 BOWIE MILL ROAD
01 CITY : ROCKVILLE
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 632,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 631,058.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,419.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.48800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,764,784.62
P & I AMT: 12,475.70
UPB AMT: 1,762,208.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561384 MORTGAGORS: BOTTEGONI LYDIA
REGION CODE ADDRESS : 167 NORTH MARTEL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,761.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031561467 MORTGAGORS: BUSSARD JAMES
BUSSARD MARY
REGION CODE ADDRESS : 19759 MT BACHELOR COURT
01 CITY : BEND
STATE/ZIP : OR 97702
MORTGAGE AMOUNT : 384,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,162.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031561491 MORTGAGORS: ESSEMBER LAWRENCE
ESSEMBER CAROL
REGION CODE ADDRESS : 90 COUNTRY CLUB WAY
01 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 324,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.02900
----------------------------------------------------------------
0 0031561525 MORTGAGORS: GUTHRIE DAVID
REGION CODE ADDRESS : 3728 TYNEMORE TRACE
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 238,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,114.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031561533 MORTGAGORS: FLANAGAN JOHN
FLANAGAN FAYE
REGION CODE ADDRESS : 2210 HOLLY SPRINGS ROAD
01 CITY : ROCKMARK
STATE/ZIP : GA 30153
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.68300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,550.00
P & I AMT: 10,796.89
UPB AMT: 1,572,307.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561871 MORTGAGORS: DEMERJIAN MICHAEL
DEMERJIAN MAURI
REGION CODE ADDRESS : 3001 PAYNE RANCH ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 423,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,152.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99289
----------------------------------------------------------------
0 0031562002 MORTGAGORS: TAULMAN THOMAS
TAULMAN MICHELLE
REGION CODE ADDRESS : 2195 LAUREL LEAF LANE
01 CITY : PLAINFIELD
STATE/ZIP : IN 46168
MORTGAGE AMOUNT : 297,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,661.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.39400
----------------------------------------------------------------
0 0031562051 MORTGAGORS: DISCALA FRANCIS
DISCALA JEANNE
REGION CODE ADDRESS : 10 WEST VIEW LANE
01 CITY : SOUTH NORWALK
STATE/ZIP : CT 06854
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,745.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031562200 MORTGAGORS: ABUCAY ARTURO
ABUCAY LUZ
REGION CODE ADDRESS : 282 SUMMERWIND DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,061.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.47800
----------------------------------------------------------------
0 0031562226 MORTGAGORS: BENSON ROBERT
BENSON SUSAN
REGION CODE ADDRESS : 10416 N 82ND PL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,821.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.61300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,650.00
P & I AMT: 10,680.44
UPB AMT: 1,557,442.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031562374 MORTGAGORS: SCHARLAU SCOTT
SCHARLAU CAROL
REGION CODE ADDRESS : 890 WEST MCKINLEY AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,570.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.46510
----------------------------------------------------------------
0 0031562523 MORTGAGORS: ENS DONALD
ENS PATRICIA
REGION CODE ADDRESS : 2460 17TH AVENUE
01 CITY : KINGSBURG
STATE/ZIP : CA 93631
MORTGAGE AMOUNT : 75,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 74,945.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 530.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
0 0031562531 MORTGAGORS: CAPPONI JEFF
CAPPONI BARBARA
REGION CODE ADDRESS : 1933 NORTH NOWAK AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,503.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.92900
----------------------------------------------------------------
0 0031563042 MORTGAGORS: GELPHMAN ROBERT
GELPHMAN MARIA
REGION CODE ADDRESS : 6267 RUNNING SPRINGS ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.77000
----------------------------------------------------------------
0 0031563133 MORTGAGORS: LINDEN JOSEPH
LINDEN VERONICA
REGION CODE ADDRESS : 27321 ROSECREST CIRCLE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,543.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,000.00
P & I AMT: 9,311.87
UPB AMT: 1,345,282.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563398 MORTGAGORS: KINDY CARL
KINDY LENORA
REGION CODE ADDRESS : 11148 WINDJAMMER DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 263,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,247.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.89300
----------------------------------------------------------------
0 0031563679 MORTGAGORS: DOWER DANIEL
DOWER HARRIET
REGION CODE ADDRESS : 15 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 258,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,045.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99690
----------------------------------------------------------------
0 0031563935 MORTGAGORS: OLIVEREZ MARK
OLIVEREZ DONNA
REGION CODE ADDRESS : 131 SILVERWOOD DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 462,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,678.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,272.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031564099 MORTGAGORS: PECO ROBERT
REGION CODE ADDRESS : 64 HATTERTOWN ROAD
01 CITY : NEWTON
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 125,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,359.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 856.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 32.17900
----------------------------------------------------------------
0 0031564453 MORTGAGORS: REEVE TERRY
REEVE KATHRYN
REGION CODE ADDRESS : 26731 WESTVALE ROAD
01 CITY : PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,526.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 63.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,950.00
P & I AMT: 9,936.19
UPB AMT: 1,425,857.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564511 MORTGAGORS: CONNORS DAVID
CONNORS CYNTHIA
REGION CODE ADDRESS : 3468 SANTA CLARA CIRCLE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,836.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,330.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031564610 MORTGAGORS: COLGAN WALTER
COLGAN LAI
REGION CODE ADDRESS : 20732 WENDY DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.76900
----------------------------------------------------------------
0 0031564719 MORTGAGORS: BARATI MOHAMMAD
BARATI SHABNAM
REGION CODE ADDRESS : 35688 BARNARD DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031564735 MORTGAGORS: KEACH KERRIGAN
REGION CODE ADDRESS : 1904 PACIFIC AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.81100
----------------------------------------------------------------
0 0031564792 MORTGAGORS: GORMAN LANCE
GORMAN KATHY
REGION CODE ADDRESS : 26512 ELMCREST WAY
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,185.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,400.00
P & I AMT: 9,393.77
UPB AMT: 1,352,378.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564933 MORTGAGORS: FULLER BARRY
FULLER JULIET
REGION CODE ADDRESS : 23277 ATLANTIS WAY UNIT 27
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,225.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031564941 MORTGAGORS: BERRY DAVID
GRIFFIN JANET
REGION CODE ADDRESS : 45 THREE PONDS ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.72400
----------------------------------------------------------------
0 0031564990 MORTGAGORS: CARLSON GUSTAV
CARLSON CHARLENE
REGION CODE ADDRESS : 381 VALLE VISTA DRIVE
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,982.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031565344 MORTGAGORS: YAMAMOTO STEVEN
YAMAMOTO BARBARA
REGION CODE ADDRESS : 738 MEDITERRANEAN LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,499.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------
0 0031565450 MORTGAGORS: SPROW WILLIAM
SPROW PATRICIA
REGION CODE ADDRESS : 1583 VENICE DRIVE
01 CITY : SOUTH LAKE TAHOE
STATE/ZIP : CA 96150
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,379.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,965.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 61.33333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,767,700.00
P & I AMT: 12,373.74
UPB AMT: 1,766,086.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031565542 MORTGAGORS: LIEBE WILLIAM
LIEBE ROBIN
REGION CODE ADDRESS : 1952 EAST MADISON AVENUE
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,663.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031565583 MORTGAGORS: STROM MICHAEL
STROM KEVIN
REGION CODE ADDRESS : 25 SPRUCEWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 344,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,637.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.97800
----------------------------------------------------------------
0 0031565658 MORTGAGORS: PERSONS GARY
PERSONS KARIN
REGION CODE ADDRESS : 1901 CHILTON DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,282.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.08400
----------------------------------------------------------------
0 0031565831 MORTGAGORS: GOYAL MANOJ
GOYAL MONICA
REGION CODE ADDRESS : 3001 KNIGHTS BRIDGE ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,233.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031565849 MORTGAGORS: MARTINEZ TOM
MARTINEZ SANDRA
REGION CODE ADDRESS : 5941 AVENIDA LA VIDA
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 259,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,607.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,350.00
P & I AMT: 9,223.49
UPB AMT: 1,327,424.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031565856 MORTGAGORS: DUNBAUGH MICHAEL
DUNBAUGH LINDA
REGION CODE ADDRESS : 2198 CHATEAU COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.57500
----------------------------------------------------------------
0 0031565880 MORTGAGORS: KIRSCHNER STEVE
KIRSCHNER JULIE
REGION CODE ADDRESS : 7583 EAST ENDEMONT COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 443,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,289.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,984.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.60000
----------------------------------------------------------------
0 0031565898 MORTGAGORS: JACOB JEFF
JACOB TERI
REGION CODE ADDRESS : 12170 COLDWATER COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,632.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.39900
----------------------------------------------------------------
0 0031565922 MORTGAGORS: NUNN KIMBERLEY
REGION CODE ADDRESS : 720 SEMINARY STREET
01 CITY : NAPA
STATE/ZIP : CA 94559
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,145.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031566391 MORTGAGORS: DARIAN FRED
DARIAN ROSE
REGION CODE ADDRESS : 12801 KLING STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,810.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.17300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,600.00
P & I AMT: 10,318.66
UPB AMT: 1,496,683.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031566433 MORTGAGORS: LEVINGER MICHAEL
SCHWARTZ NANCY
REGION CODE ADDRESS : 50 BRADFORD ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 706,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 705,421.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,697.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031566466 MORTGAGORS: ABUAN ERMILO
ABUAN GLICERIA
REGION CODE ADDRESS : 15626 CAMEO AVENUE
01 CITY : NORWALK
STATE/ZIP : CA 90650
MORTGAGE AMOUNT : 127,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,810.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 888.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.07400
----------------------------------------------------------------
0 0031566789 MORTGAGORS: DEVITA ANGELO
GRAY-DEVITA HEIDI
REGION CODE ADDRESS : 710 MEADOWCREEK CIRCLE
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,673.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.96700
----------------------------------------------------------------
0 0031567191 MORTGAGORS: HICKS JEFFREY
REGION CODE ADDRESS : 1075 VICTORINE ROAD
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 425,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,933.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,903.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031567472 MORTGAGORS: WHERRY KEVIN
WHERRY MICHELLE
REGION CODE ADDRESS : 5421 FENTON WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 231,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,082.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99280
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,929,850.00
P & I AMT: 13,201.71
UPB AMT: 1,927,922.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567480 MORTGAGORS: ANDERSON BARRY
ANDERSON LYNN
REGION CODE ADDRESS : 4606 CHASE OAKS DRIVE
01 CITY : SARASOTA
STATE/ZIP : FL 34241
MORTGAGE AMOUNT : 261,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031567498 MORTGAGORS: DELAPAZ ANGELITO
DELAPAZ LUTGARDA
REGION CODE ADDRESS : 1464 HEATHER RIDGE DRIVE
01 CITY : NEWTON
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,294.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031567811 MORTGAGORS: VEACH CLARKE
VEACH PAMELA
REGION CODE ADDRESS : 135 LAKE TRAIL DRIVE
01 CITY : DOUBLE OAK
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,422.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031567845 MORTGAGORS: PISTRITTO SEBASTIAN
PISTRITTO CYNTHIA
REGION CODE ADDRESS : 208 NETHERFIELD LANE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 287,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,722.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.45700
----------------------------------------------------------------
0 0031567878 MORTGAGORS: GETTY MICHAEL
GETTY CATHY
REGION CODE ADDRESS : 5336 HILLFLOWER DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,163.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,950.00
P & I AMT: 9,778.44
UPB AMT: 1,405,402.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567928 MORTGAGORS: CYR PHILIP
LUTJENS ELAINE
REGION CODE ADDRESS : 11105 MEADOW GLEN WAY EAST
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,596.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031567944 MORTGAGORS: HIBBERT ALFREDO
HIBBERT COLLEEN
REGION CODE ADDRESS : 9120 TEAL LAKE COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 280,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,091.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031567951 MORTGAGORS: KEIL KAREN
REGION CODE ADDRESS : 18772 SILVER MAPLE WAY
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.33300
----------------------------------------------------------------
0 0031567993 MORTGAGORS: HO IAN
JO JANG
REGION CODE ADDRESS : 800 MIRANDA CREEK COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,620.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.42800
----------------------------------------------------------------
0 0031568132 MORTGAGORS: PETRUCCI RICHARD
REGION CODE ADDRESS : 444 SOUTH BORDER ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,500.00
P & I AMT: 10,891.88
UPB AMT: 1,565,071.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031568249 MORTGAGORS: GARDNER MARK
GARDNER DEBRA
REGION CODE ADDRESS : 3097 WEST 111TH PLACE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.79000
----------------------------------------------------------------
0 0031568314 MORTGAGORS: QUAM DAVID
QUAM YOLANDA
REGION CODE ADDRESS : 6003 KYLIE COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,585.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031568462 MORTGAGORS: LOWE RICHARD
LOWE JOSEPHINE
REGION CODE ADDRESS : 346 RIVIERA CIRCLE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 36.98200
----------------------------------------------------------------
0 0031568686 MORTGAGORS: CENTANNI DEBRA
MAGILL TAMMY
REGION CODE ADDRESS : 110 AMALFI WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,549.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.98630
----------------------------------------------------------------
0 0031569106 MORTGAGORS: JONES PETER
JONES REBECCA
REGION CODE ADDRESS : 1057 CHESNUT DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,386.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,800.00
P & I AMT: 9,854.58
UPB AMT: 1,388,521.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031569247 MORTGAGORS: LAFFERTY WILLIAM
LAFFERTY LISA
REGION CODE ADDRESS : 1456 SANFORD LANE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,675.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031569304 MORTGAGORS: AJAY LEENA
KAMBATH AJAY
REGION CODE ADDRESS : 4423 MACBETH CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031569320 MORTGAGORS: OBATA KEN
SIT KITLING
REGION CODE ADDRESS : 437 EL ALAMO
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 577,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 577,112.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031569353 MORTGAGORS: RICE CATHY
REGION CODE ADDRESS : 6224 WYNNE AVENUE
01 CITY : LOS ANGELES TARZANA AREA
STATE/ZIP : CA 91335
MORTGAGE AMOUNT : 169,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,864.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,138.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.82500
----------------------------------------------------------------
0 0031570112 MORTGAGORS: GERAKARIS JAMES
GERAKARIS SUSAN
REGION CODE ADDRESS : 1222 QUAIL CREEK CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,143.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.52861
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,000.00
P & I AMT: 11,602.84
UPB AMT: 1,636,632.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031570161 MORTGAGORS: ORR TERRENCE
ORR BEATRICE
REGION CODE ADDRESS : 2141 WHITE SANDS DRIVE
01 CITY : SOUTH LAKE TAHOE
STATE/ZIP : CA 96150
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,007.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.42800
----------------------------------------------------------------
0 0031570617 MORTGAGORS: CONSANI ALESSANDRO
CONSANI DEANA
REGION CODE ADDRESS : 700 BRUNSWICK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,764.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 250
LTV : 50.00000
----------------------------------------------------------------
0 0031570633 MORTGAGORS: FENTON CLARK
FENTON FIONA
REGION CODE ADDRESS : 5343 WILDROSE COURT
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 332,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,441.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031570724 MORTGAGORS: WING KENNETH
DE LANCEY HOLLIS
REGION CODE ADDRESS : 325 KAMUAR LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.60600
----------------------------------------------------------------
0 0031570849 MORTGAGORS: PETERSON DAN
PETERSON CATHY
REGION CODE ADDRESS : 14020 FALCON RIDGE DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 206,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,052.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,355.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,829,350.00
P & I AMT: 12,603.59
UPB AMT: 1,826,903.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031571029 MORTGAGORS: CLIFF BERNARD
CLIFF MARJORIE
REGION CODE ADDRESS : 15353 CAJON STREET
01 CITY : HESPERIA
STATE/ZIP : CA 92345
MORTGAGE AMOUNT : 88,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,858.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 592.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031571037 MORTGAGORS: MANSUKHANI ROGER
FERNETTI MICHELLE
REGION CODE ADDRESS : 3885 RIVERA DRIVE #B
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,051.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031571102 MORTGAGORS: KOGAN ALEXANDER
KOGAN ETA
REGION CODE ADDRESS : 16852 ARMSTEAD DRIVE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,730.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,051.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031571235 MORTGAGORS: JOHNSON DAVID
JOHNSON THERESA
REGION CODE ADDRESS : 1985 HUDSON ST
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031571359 MORTGAGORS: BYRD DAVID
BYRD GAY
REGION CODE ADDRESS : 5812 COVEHAVEN DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,818.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.73800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,186,250.00
P & I AMT: 8,123.47
UPB AMT: 1,185,124.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031571490 MORTGAGORS: NORTON ANNETTE
REGION CODE ADDRESS : 6140 HATCHERS COURT
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 103,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 47.54500
----------------------------------------------------------------
0 0031571599 MORTGAGORS: MASER SHIRLEY
REGION CODE ADDRESS : 2200 NUGENT DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 90,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,880.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 628.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 71.61400
----------------------------------------------------------------
0 0031571607 MORTGAGORS: CHEW EDWARD
REGION CODE ADDRESS : 3131 E. ALAMEDA, #208
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 716.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031571706 MORTGAGORS: STEPHENS ROBERT
STEPHENS VICKIE
REGION CODE ADDRESS : 4659 LIONSHEAD CIRCLE
01 CITY : LITHONIA
STATE/ZIP : GA 30038
MORTGAGE AMOUNT : 244,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,868.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99805
----------------------------------------------------------------
0 0031571789 MORTGAGORS: HAMMETT RICHARD
HAMMETT LOIS
REGION CODE ADDRESS : 336 BAY AVENUE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 108,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,434.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 834.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 647,150.00
P & I AMT: 4,682.29
UPB AMT: 646,833.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031571862 MORTGAGORS: FARLEY DANIEL
WILLIAMS JULIA
REGION CODE ADDRESS : 712 MATADERO AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,588.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.94500
----------------------------------------------------------------
0 0031571896 MORTGAGORS: CRUMPTON THOMAS
CARSWELL CRUMPTON CATHERINE
REGION CODE ADDRESS : 124 LAS ASTAS DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.13500
----------------------------------------------------------------
0 0031571938 MORTGAGORS: ADAMS STEVEN
ADAMS JULIE
REGION CODE ADDRESS : 10 JOANNA WAY
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 797,353.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,322.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 71.42900
----------------------------------------------------------------
0 0031571987 MORTGAGORS: FISCHER JOHN
FISCHER CAROL
REGION CODE ADDRESS : 1280 RIDGE ROAD
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.95500
----------------------------------------------------------------
0 0031572050 MORTGAGORS: MITHRUSH YVONNE
REGION CODE ADDRESS : 4004 & 4004 1/2 RIVER AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,214.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,402.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.73800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,205,000.00
P & I AMT: 15,071.91
UPB AMT: 2,200,411.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031572068 MORTGAGORS: MC COLLUM TIM
MC COLLUM KATRENA
REGION CODE ADDRESS : 70 ANGELICA WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,157.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031572183 MORTGAGORS: BIALEK BUNNY
REGION CODE ADDRESS : 5216 WYOMING ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 158,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,029.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 38.24000
----------------------------------------------------------------
0 0031572357 MORTGAGORS: BEDDIA FRANK
STRICKLER ANNE
REGION CODE ADDRESS : 3641 TROUT RUN ROAD
01 CITY : YORK
STATE/ZIP : PA 17402
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,308.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031572951 MORTGAGORS: ROACH ANDREW
ROACH SUSAN
REGION CODE ADDRESS : 752 PARADISO COURT
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.65200
----------------------------------------------------------------
0 0031572985 MORTGAGORS: MC SWIGGIN JAMES
MC SWIGGIN ANN
REGION CODE ADDRESS : 235 NIDO WAY
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 327,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,700.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,500.00
P & I AMT: 9,770.36
UPB AMT: 1,405,612.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031572993 MORTGAGORS: GARNER MICHAEL
GARNER JANICE
REGION CODE ADDRESS : 4800 ANNADEL HEIGHTS DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,729.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.48900
----------------------------------------------------------------
0 0031573033 MORTGAGORS: ELLETT THOMAS
ELLETT LINDA
REGION CODE ADDRESS : 8395 CAMINITO LINTERNA
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,450.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,885.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.60000
----------------------------------------------------------------
0 0031573066 MORTGAGORS: ROONEY CHRISTOPHER
ROONEY AMY
REGION CODE ADDRESS : 907 JORDAN DRIVE
01 CITY : BRIELLE
STATE/ZIP : NJ 08730
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,507.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031573132 MORTGAGORS: CAMPBELL DALE
CAMPBELL DONNA
REGION CODE ADDRESS : 7802 OAK BAY CIRCLE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,478.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031573157 MORTGAGORS: STROMBERGER ROBERT
BIESER-STROMBERGER VIRGINIA
REGION CODE ADDRESS : 6 CALLE PRIMA
01 CITY : CAPISTRANO BEACH
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,818.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,750.00
P & I AMT: 12,190.03
UPB AMT: 1,711,984.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031573199 MORTGAGORS: RUSSELL LARRY
LIVINGSTON GRACE
REGION CODE ADDRESS : 200 MARTINIQUE AVENUE
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031573207 MORTGAGORS: FASKO IVY
REGION CODE ADDRESS : 4349 BRIAR CLIFF ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94605
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,623.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031573272 MORTGAGORS: FOREST DANIEL
FOREST KELLY
REGION CODE ADDRESS : 685 PINECONE DRIVE
01 CITY : SCOTT VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,306.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.70900
----------------------------------------------------------------
0 0031573280 MORTGAGORS: ANDREWS CLIFFORD
ANDREWS EVELYN
REGION CODE ADDRESS : 699 LOTTIE STREET
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,856.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,255.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031573389 MORTGAGORS: OLALQUIAGA MANUEL
REGION CODE ADDRESS : 6830 SW 127TH AVENUE
01 CITY : FT LAUDERDALE
STATE/ZIP : FL 33330
MORTGAGE AMOUNT : 300,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,091.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,404,820.00
P & I AMT: 9,721.58
UPB AMT: 1,403,251.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031573439 MORTGAGORS: SCHMIEDER ROBERT
TURNER HEIDI
REGION CODE ADDRESS : 326 NORTH 78TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031573462 MORTGAGORS: GIDDINGS LUTHER
REGION CODE ADDRESS : 9004 FAIRVIEW ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20910
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031573546 MORTGAGORS: KUTNICK JEFFREY
KUTNICK ERIN
REGION CODE ADDRESS : 31271 AVENIDA TERRAMAR
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 379,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031573579 MORTGAGORS: HUIZENGA TIMOTHY
HUIZENGA EVELYN
REGION CODE ADDRESS : 31262 AVENIDA TERRAMAR
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 334,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,645.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031573694 MORTGAGORS: PATTERSON ROBERT
REGION CODE ADDRESS : 260 BANCROFT WAY
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,738.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,274.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,400.00
P & I AMT: 9,944.46
UPB AMT: 1,415,883.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031573868 MORTGAGORS: DISTEFANO RALPH
DISTEFANO MARIE
REGION CODE ADDRESS : 708 OAK PARK DRIVE
01 CITY : MELBOURNE
STATE/ZIP : FL 32940
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,798.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.39700
----------------------------------------------------------------
0 0031573991 MORTGAGORS: HERNDON CRAIG
NAYLOR VALERIE
REGION CODE ADDRESS : 3212 WALNUT DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 322,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574296 MORTGAGORS: CHIU LAI
CHIU LAVINIA
REGION CODE ADDRESS : 19 CLEAR WATER COURT
01 CITY : RICHMOND
STATE/ZIP : CA 94803
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,866.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,258.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.26080
----------------------------------------------------------------
0 0031574338 MORTGAGORS: MCDANIEL CHARLES
REGION CODE ADDRESS : 1 ANDIAMO
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,145.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,867.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574429 MORTGAGORS: CHIU WEN
CHIU YEE-CHIEN
REGION CODE ADDRESS : 20087 KNOLLWOOD DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,704.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.81810
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,400.00
P & I AMT: 12,071.20
UPB AMT: 1,733,914.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574437 MORTGAGORS: OSBORNE ALEXANDER
OSBORNE JENNIFER
REGION CODE ADDRESS : 1236-1236 1/2 BONITA AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94709
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,732.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.97870
----------------------------------------------------------------
0 0031574445 MORTGAGORS: CHONG VINCENT
LU DAPHNE
REGION CODE ADDRESS : 1593 WHARTON ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,501.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.30970
----------------------------------------------------------------
0 0031574494 MORTGAGORS: LYNCH RONALD
LYNCH NATALKA
REGION CODE ADDRESS : 525 AVILA ROAD
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,344.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.45940
----------------------------------------------------------------
0 0031574502 MORTGAGORS: LONG CARL
REGION CODE ADDRESS : 100 LOGANBERRY CIRCLE
01 CITY : GOOSE CREEK
STATE/ZIP : SC 29445
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,767.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.89600
----------------------------------------------------------------
0 0031574585 MORTGAGORS: REBHOLZ MARK
REBHOLZ PATRICIA
REGION CODE ADDRESS : 51118 WEST PETE ROAD
01 CITY : AGUILA
STATE/ZIP : AZ 85320
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,847,000.00
P & I AMT: 12,912.63
UPB AMT: 1,845,346.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574791 MORTGAGORS: ARRIGHI WILLIAM
JOSEPH SAM
REGION CODE ADDRESS : 138 RIDGEWOOD AVENUE
01 CITY : BORO OF GLEN RIDGE
STATE/ZIP : NJ 07028
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,155.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.23497
----------------------------------------------------------------
0 0031574916 MORTGAGORS: RYAN DOUGLAS
RYAN STEFANIE
REGION CODE ADDRESS : 1447 ASBURY AVENUE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,496.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031574999 MORTGAGORS: LEVINE MICHAEL
LEVINE LORI
REGION CODE ADDRESS : 1029 SANTA ANA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.02700
----------------------------------------------------------------
0 0031575004 MORTGAGORS: COLLIER PHILLIP
COLLIER MARY
REGION CODE ADDRESS : 33882 CHULA VISTA
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 330,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,060.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 78.08500
----------------------------------------------------------------
0 0031575202 MORTGAGORS: BARNDT JOHN
REGION CODE ADDRESS : 107 & 109 NORTHGATE
01 CITY : MIDLAND
STATE/ZIP : MI 48640
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,855.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,300.00
P & I AMT: 12,325.64
UPB AMT: 1,740,195.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575236 MORTGAGORS: BECOSKEY R
REGION CODE ADDRESS : 1807 ARBOR VIEW DRIVE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,807.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.62200
----------------------------------------------------------------
0 0031575285 MORTGAGORS: WALTERS CHARLES
WALTERS TRACY
REGION CODE ADDRESS : 3202 EAST VISTA WAY
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,433.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031575384 MORTGAGORS: LESIEUR ROBERT
REGION CODE ADDRESS : 4019 LAWNGATE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 131,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 920.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575533 MORTGAGORS: FEFERCORN ROSS
REGION CODE ADDRESS : 2208 IRVING AVE SO
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55408
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,764.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.11100
----------------------------------------------------------------
0 0031575566 MORTGAGORS: TAKAKUWA FRED
REGION CODE ADDRESS : 670 PROSPECT STREET #708
01 CITY : HONOLULU
STATE/ZIP : HI 96813
MORTGAGE AMOUNT : 86,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 86,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 616.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 60.13900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,041,200.00
P & I AMT: 7,378.75
UPB AMT: 1,040,605.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575657 MORTGAGORS: HUNTLEY W
HUNTLEY REBECCA
REGION CODE ADDRESS : 4444 MOORPARK WAY #102
01 CITY : (TOLUCA AREA) LOS ANGELES
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 187,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,064.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,324.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575665 MORTGAGORS: ENCINA REYNALDO
ENCINA REMEDIOS
REGION CODE ADDRESS : 5423 TURNER COURT
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,300.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.10700
----------------------------------------------------------------
0 0031575731 MORTGAGORS: FELECHNER MICHAEL
FELECHNER CARRIE
REGION CODE ADDRESS : 1 ELDERGLEN
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 136,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,901.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 962.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575749 MORTGAGORS: CLARK ROBERT
REGION CODE ADDRESS : 3565 EAST CHEVY CHASE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0031575756 MORTGAGORS: NEUFELD DONN
NEUFELD MARY
REGION CODE ADDRESS : 1887 PRAED ST
01 CITY : RIVERSIDE
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,825.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.56100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,098,700.00
P & I AMT: 7,667.06
UPB AMT: 1,097,880.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575764 MORTGAGORS: GLASNER LAWRENCE
GLASNER TAMARA
REGION CODE ADDRESS : 3915 CORTE CANCION
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 299,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,916.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.73400
----------------------------------------------------------------
0 0031575772 MORTGAGORS: SLAGLE GREGORY
LESNIAK CHRISTINE
REGION CODE ADDRESS : 22 GOLDENSPUR LANE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 626,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 625,486.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,164.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.52300
----------------------------------------------------------------
0 0031575780 MORTGAGORS: SIDLES CHAD
REGION CODE ADDRESS : 30 SOLITAIRE LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,456.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031575798 MORTGAGORS: LERMAN LISA
LERMAN LANCE
REGION CODE ADDRESS : 11228 LOUISE AVE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,494.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------
0 0031575822 MORTGAGORS: OLINSKI PAUL
BEJAOUI KHEMISSA
REGION CODE ADDRESS : 2 OCEAN STREET
01 CITY : MANCHESTER-BY-THE-SEA
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,800.00
P & I AMT: 11,910.05
UPB AMT: 1,757,354.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575905 MORTGAGORS: DAVIS DAVID
REGION CODE ADDRESS : 5141 SAN VICENTE DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,832.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,357.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575954 MORTGAGORS: WHEELER CHRIS
REGION CODE ADDRESS : 104 SWETT ROAD
01 CITY : WOODSIDE
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 308,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,829.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99481
----------------------------------------------------------------
0 0031575962 MORTGAGORS: RADISICH JOSEPH
REGION CODE ADDRESS : 213 & 215 42ND STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,295.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.16410
----------------------------------------------------------------
0 0031575970 MORTGAGORS: DREW TOMOTHY
DREW CORINNE
REGION CODE ADDRESS : 491 CALLE CIELO
01 CITY : NIPOMO
STATE/ZIP : CA 93444
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031576168 MORTGAGORS: PALLONE STEPHEN
PALLONE MICHELE
REGION CODE ADDRESS : 4 MANOR HILL DRIVE
01 CITY : MENDHAM
STATE/ZIP : NJ 07926
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,327.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 30.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,683,300.00
P & I AMT: 11,663.91
UPB AMT: 1,678,035.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031576366 MORTGAGORS: JENKINS WALTER
JENKINS DONNA
REGION CODE ADDRESS : 2205 JOHNSTON ROAD UNIT # '
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,838.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.56100
----------------------------------------------------------------
0 0031576507 MORTGAGORS: ESGRO DANIEL
ESGRO DONNA
REGION CODE ADDRESS : 3568 GLADIOLA DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 219,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,790.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.99600
----------------------------------------------------------------
0 0031576846 MORTGAGORS: LUTZ PAULETTE
LUTZ WILLIAM
REGION CODE ADDRESS : 5226 MUIRWOOD DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,585.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031577661 MORTGAGORS: RAKER CHRISTOPHER
RAKER LINDA
REGION CODE ADDRESS : 21 OAKDALE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,684.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.67210
----------------------------------------------------------------
0 0031577687 MORTGAGORS: LEE MARTIN
REGION CODE ADDRESS : 1054 ORO STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,572.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.47300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,950.00
P & I AMT: 10,856.63
UPB AMT: 1,528,471.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031577703 MORTGAGORS: WEILL ANDREW
MATTINGLY CONSTANCE
REGION CODE ADDRESS : 1772 MANOR CIRCLE
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031577802 MORTGAGORS: ABRAMS CHARLES
ABRAMS HELENE
REGION CODE ADDRESS : 10110 ROSSBURY PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,562.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.78125
----------------------------------------------------------------
0 0031577919 MORTGAGORS: BOROUGH CHARLES
BOROUGH LEONA
REGION CODE ADDRESS : 1220 PARK HILL LANE
01 CITY : ESCONDIDO (AREA)
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,664.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.28570
----------------------------------------------------------------
0 0031577976 MORTGAGORS: POGOREL BARRY
REGION CODE ADDRESS : 25661 ROLLING HILLS ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 475,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,136.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,206.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99660
----------------------------------------------------------------
0 0031578149 MORTGAGORS: KOONCE PHILLIP
KOONCE LISA
REGION CODE ADDRESS : 2225 RUTLAND PLACE
01 CITY : CITY OF THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,900.00
P & I AMT: 12,040.24
UPB AMT: 1,756,930.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578156 MORTGAGORS: GOPINATH VENKATESH
KRISHNAN SHOBA
REGION CODE ADDRESS : 47636 PIMA STREET
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,910.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031578164 MORTGAGORS: MARZ KEVIN
MARZ VICTORIA
REGION CODE ADDRESS : 807 TERRAINE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90804
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,644.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
0 0031578180 MORTGAGORS: RIVKIN EFIM
REGION CODE ADDRESS : 15719 LINDA AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,669.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,227.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.14200
----------------------------------------------------------------
0 0031578222 MORTGAGORS: MALINA MICHAEL
HEATH KAREN
REGION CODE ADDRESS : 6817 AITKEN DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,676.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031578230 MORTGAGORS: EASTON HENRY
EASTON LESLIE
REGION CODE ADDRESS : 5491 MARYLAND AVENUE
01 CITY : LA MESA
STATE/ZIP : CA 91942
MORTGAGE AMOUNT : 113,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,911.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 770.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.55800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,400.00
P & I AMT: 9,668.21
UPB AMT: 1,374,812.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578248 MORTGAGORS: JOHNSON WILLIE
JOHNSON GWENDOLYN
REGION CODE ADDRESS : 1408 WATERFORD CT.
01 CITY : DE SOTO
STATE/ZIP : TX 75115
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031578263 MORTGAGORS: HARRISON AMY
PETREY MARTHA
REGION CODE ADDRESS : 32291 PINE CONE LANE
01 CITY : RUNNING SPRINGS AREA
STATE/ZIP : CA 92382
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,671.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,331.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.70500
----------------------------------------------------------------
0 0031578289 MORTGAGORS: DREHER JAMES
REGION CODE ADDRESS : 5951 EAST AVENIDA LA VIDA
01 CITY : ANAHEIM HILLS
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,320.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.56000
----------------------------------------------------------------
0 0031578305 MORTGAGORS: ZHU JULIA
REGION CODE ADDRESS : 1779 TICE VALLEY BOULEVARD #21
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,921.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 682.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 42.64300
----------------------------------------------------------------
0 0031578438 MORTGAGORS: ORPUT NANCY
KURTZ DONALD
REGION CODE ADDRESS : 6086 LAKEVIEW CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,779.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,500.00
P & I AMT: 9,601.94
UPB AMT: 1,361,504.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578453 MORTGAGORS: YUH BYUNG
YUH BARBARA
REGION CODE ADDRESS : 1140 VANCOUVER AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 604,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 604,040.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,175.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.30800
----------------------------------------------------------------
0 0031578479 MORTGAGORS: JOHNSON GUY
REGION CODE ADDRESS : 726 CHURCH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,717.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 44.31400
----------------------------------------------------------------
0 0031578511 MORTGAGORS: BRAUDO STEPHEN
BRAUDO MERYL
REGION CODE ADDRESS : 1760 NELSON AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,691.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 38.80500
----------------------------------------------------------------
0 0031578529 MORTGAGORS: OYSTER ROBERT
OYSTER DIANA
REGION CODE ADDRESS : 45 POLITZER DRIVE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,393.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,433.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.31600
----------------------------------------------------------------
0 0031578552 MORTGAGORS: MAYER GEORGE
MAYER BARBARA
REGION CODE ADDRESS : 4500 MAINE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 483,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,623.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,294.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,377,400.00
P & I AMT: 16,312.22
UPB AMT: 2,375,465.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578560 MORTGAGORS: O'NEIL MARGARET
O'NEIL DANIEL
REGION CODE ADDRESS : 24987 BLAND STREET
01 CITY : HAYWARD
STATE/ZIP : CA 94541
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,760.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031578594 MORTGAGORS: BLYTHE TERRY
BLYTHE MICHELE
REGION CODE ADDRESS : 23122 SYLVAN STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 291,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,444.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031578750 MORTGAGORS: JUNG RAYMOND
JUNG VALERIE
REGION CODE ADDRESS : 2416 CAMINO REY
01 CITY : FULLERTON
STATE/ZIP : CA 92833
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,292.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.51600
----------------------------------------------------------------
0 0031578784 MORTGAGORS: HUNTINGTON JAMES
HUNTINGTON JOYCE
REGION CODE ADDRESS : 2755 SELBY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,753.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031578834 MORTGAGORS: WAGNER LARRY
WAGNER KERRY
REGION CODE ADDRESS : 31052 CANTERBURY PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 375,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,613.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,050.00
P & I AMT: 10,485.48
UPB AMT: 1,528,865.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578867 MORTGAGORS: GHAFFARI BAHMAN
GHAFFARI SHEIDA
REGION CODE ADDRESS : 677 TRIUNFO CANYON ROAD
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,807.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.81600
----------------------------------------------------------------
0 0031579113 MORTGAGORS: ROKKE CRAIG
ROKKE LORETTA
REGION CODE ADDRESS : 205 NETHERFIELD LANE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 261,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,075.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031579162 MORTGAGORS: GASPER DENNIS
GASPER JOANNE
REGION CODE ADDRESS : 17 WALTON STREET
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,781.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.30400
----------------------------------------------------------------
0 0031579196 MORTGAGORS: GUERREVA BUEN
GUERREVA THELMA
REGION CODE ADDRESS : 5039 HALISON STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,780.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.68000
----------------------------------------------------------------
0 0031579238 MORTGAGORS: VERITY ADRIAN
VERITY KIMBERLY
REGION CODE ADDRESS : 1063 SUSAN WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.91800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,300.00
P & I AMT: 9,713.38
UPB AMT: 1,405,226.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031579493 MORTGAGORS: WILLIAMS RALPH
WILLIAMS LISA
REGION CODE ADDRESS : 10 BUENA VISTA DR.
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031579964 MORTGAGORS: ZAMBARDI JOHN
ZAMBARDI DEBRA
REGION CODE ADDRESS : 9557-9559 GARIBALDI AVENUE
01 CITY : TEMPLE CITY
STATE/ZIP : CA 91780
MORTGAGE AMOUNT : 176,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 176,143.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,248.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031580095 MORTGAGORS: TORGERSON ROBERT
RYAN JENNIFER
REGION CODE ADDRESS : 1821 HUMBOLDT AVE, S.
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55405
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,880.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031580582 MORTGAGORS: GEGNER STEVE
GEGNER DEBORAH
REGION CODE ADDRESS : 72 MONTROSE AVE
01 CITY : FANWOOD
STATE/ZIP : NJ 07023
MORTGAGE AMOUNT : 212,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.19 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 9.25000 PRODUCT CODE : 250
LTV : 78.70300
----------------------------------------------------------------
0 0031581010 MORTGAGORS: YAP RANCE
YAP DENISE
REGION CODE ADDRESS : 1058 WARWICK AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,709.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,312.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,135,800.00
P & I AMT: 8,225.34
UPB AMT: 1,135,034.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031581176 MORTGAGORS: DIXON KEITH
REGION CODE ADDRESS : 238 SOUTH LAMER STREET
01 CITY : BURBANK
STATE/ZIP : CA 91506
MORTGAGE AMOUNT : 237,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,173.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031581192 MORTGAGORS: CARNEY ROBERT
BRAVO-CARNEY DELIA
REGION CODE ADDRESS : 1893 ORCHARD ROAD
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 405,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,217.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.01657
----------------------------------------------------------------
0 0031581283 MORTGAGORS: GERWIN NINA
GERWIN WILLIAM
REGION CODE ADDRESS : 32 GEARY AVENUE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,964.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031581325 MORTGAGORS: RENTON BRADLEY
REGION CODE ADDRESS : 6780 PASEO SAN LEON
01 CITY : PLEASANTON
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,697.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031581374 MORTGAGORS: BROSTROM NATHAN
CAPPS LISA
REGION CODE ADDRESS : 1155 GLEN AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,686.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,500.00
P & I AMT: 11,390.38
UPB AMT: 1,686,739.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031581499 MORTGAGORS: GUPTA BADRI
GUPTA USHA
REGION CODE ADDRESS : 1760 SQUIRREL VALLEY
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48304
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,781.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031581549 MORTGAGORS: MEHREN LAWRENCE
BALIAN CHRISTINA
REGION CODE ADDRESS : 32700 RAVINE DR #9
01 CITY : FRANKLIN
STATE/ZIP : MI 48025
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,786.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031581580 MORTGAGORS: MAKIYAMA DAVID
MAKIYAMA JUNE
REGION CODE ADDRESS : 2731 ST ALBANS DRIVE
01 CITY : LOS ALAMITOS (AREA)
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,270.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031581648 MORTGAGORS: STARK RONALD
REGION CODE ADDRESS : 2277 NORCO DRIVE
01 CITY : NORCO
STATE/ZIP : CA 91760
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,306.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.83800
----------------------------------------------------------------
0 0031581747 MORTGAGORS: HICKS RAY
HICKS RUTH
REGION CODE ADDRESS : 10261 CARMER RD
01 CITY : FENTON
STATE/ZIP : MI 48430
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,429.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,450.00
P & I AMT: 10,466.93
UPB AMT: 1,510,574.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031582133 MORTGAGORS: BENDER JAMES
BENDER STEPHANIE
REGION CODE ADDRESS : 320 KNIGHT WAY
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,286.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031582521 MORTGAGORS: KOMANDURI KRISHNA
CHANDRA SUNANDA
REGION CODE ADDRESS : 22096 E RIDGE TRAIL CIRCLE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 395,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,677.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,870.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031582604 MORTGAGORS: SIEGEL STANLEY
SIEGEL RITA
REGION CODE ADDRESS : 6 SOUTH CORNWALL AVENUE
01 CITY : VENTNOR
STATE/ZIP : NJ 08406
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,952.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031582653 MORTGAGORS: GRIGALBA RAYMOND
REGION CODE ADDRESS : 5316 SECOND STREET
01 CITY : SHASTA LAKE
STATE/ZIP : CA 96019
MORTGAGE AMOUNT : 61,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,454.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 430.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031582836 MORTGAGORS: CRIST MICHAEL
KITTREDGE-CRIST DAWNE
REGION CODE ADDRESS : 2185 TANAGER COURT
01 CITY : PLEASANTON,
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,569.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.38000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,300,150.00
P & I AMT: 9,042.45
UPB AMT: 1,298,939.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031582851 MORTGAGORS: PERLSTEIN WILLIAM
PERLSTEIN SHERRIE
REGION CODE ADDRESS : 150 LOMBARDY LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,668.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,367.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.80800
----------------------------------------------------------------
0 0031582927 MORTGAGORS: YEGHNAZARY ARMIK
TAHMASIBIAN ADRINEH
REGION CODE ADDRESS : 1753 THURBER PLACE
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,834.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,505.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 71.47500
----------------------------------------------------------------
0 0031582943 MORTGAGORS: WEED DANIEL
WEED DEBRA
REGION CODE ADDRESS : 1073 LAURIE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031582950 MORTGAGORS: FELPERIN KARL
FELPERIN JUDY
REGION CODE ADDRESS : 8198 TANFORAN COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 311,072.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,829.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031582968 MORTGAGORS: KILZER RONALD
REGION CODE ADDRESS : 3742 7TH AVE UNIT A
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 191,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,115.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,370.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,322.00
P & I AMT: 10,629.95
UPB AMT: 1,509,215.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031582976 MORTGAGORS: REILLY WILLIAM
REILLY JANA
REGION CODE ADDRESS : 53 TRELLIS DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,284.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031582984 MORTGAGORS: SUYAMA KENJI
REGION CODE ADDRESS : 1817 CABERNET DRIVE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91913
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,030.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031582992 MORTGAGORS: PREWITT MICHAEL
PREWITT HEATHER
REGION CODE ADDRESS : 987 SHADYBROOK DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,755.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031583156 MORTGAGORS: GIGLIERANO JOSEPH
GIGLIERANO ALLISON
REGION CODE ADDRESS : 2865 BENJAMIN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,529.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.04760
----------------------------------------------------------------
0 0031583180 MORTGAGORS: PETERS J
IVEY ALEXANDRA
REGION CODE ADDRESS : 20 RIDGE LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,218.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,536.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,750.00
P & I AMT: 11,641.37
UPB AMT: 1,691,818.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031583313 MORTGAGORS: MAMIE JEAN
RAMELLA-MAMIE NINA
REGION CODE ADDRESS : 26401 CALLE ROBERTO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,688.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031583438 MORTGAGORS: ELLING C.
ELLING KATHLEEN
REGION CODE ADDRESS : 11455 HOLLY FERN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 255,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,249.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031583453 MORTGAGORS: MANKER J
MANKER MEREDITH
REGION CODE ADDRESS : 938 CONCHA STREET
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,610.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.74300
----------------------------------------------------------------
0 0031583487 MORTGAGORS: CHUNG KUO-PING
CHANG GRACE
REGION CODE ADDRESS : 165 HEATHER LANE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,837.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.28500
----------------------------------------------------------------
0 0031583495 MORTGAGORS: HAGEN MARK
REGION CODE ADDRESS : 28570 HASKELL CANYON ROAD
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 246,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,992.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,550,000.00
P & I AMT: 10,692.02
UPB AMT: 1,547,379.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031583560 MORTGAGORS: SOKOL RONALD
SOKOL RENEE
REGION CODE ADDRESS : 42 VILLAGE CIRCLE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,244.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,418.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.27500
----------------------------------------------------------------
0 0031583578 MORTGAGORS: ASUNCION FLOREMOND
ASUNCION JOENELYN
REGION CODE ADDRESS : 3615 MISTY GLEN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95111
MORTGAGE AMOUNT : 260,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,206.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031583594 MORTGAGORS: DEMARCO THOMAS
DEMARCO LESLIE
REGION CODE ADDRESS : 3716 TORINO DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,818.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031583636 MORTGAGORS: HEIM CHRISTIAN
HEIM SANDRA
REGION CODE ADDRESS : 11452 HOLLY FERN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 254,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,461.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031583701 MORTGAGORS: STRICK DEBRA
OSGOOD III CHARLES
REGION CODE ADDRESS : 14 MOHEGAN RD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 145,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,950.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,051.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,400,100.00
P & I AMT: 9,784.95
UPB AMT: 1,398,680.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031584089 MORTGAGORS: JONES DONALD
JONES FRANCES
REGION CODE ADDRESS : 7650 MEADOW COURT
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 285,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.92100
----------------------------------------------------------------
0 0031584329 MORTGAGORS: CARR DEBORAH
REGION CODE ADDRESS : 145 CHISWICK ROAD #5
01 CITY : BRIGHTON
STATE/ZIP : MA 02135
MORTGAGE AMOUNT : 127,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 924.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031584626 MORTGAGORS: ROLFSON ERIC
ROLFSON REBECCA
REGION CODE ADDRESS : 8 WESTBROOK ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031584709 MORTGAGORS: RIVERS JOHN
RIVERS LYNN
REGION CODE ADDRESS : 575 FLAMBEAU RETREAT
01 CITY : MT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.04400
----------------------------------------------------------------
0 0031584949 MORTGAGORS: KELSEY GENE
SEDAR REGINA
REGION CODE ADDRESS : 1411 SOUTH PENNSYLVANIA STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,068.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,176,750.00
P & I AMT: 8,294.56
UPB AMT: 1,176,568.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031585318 MORTGAGORS: NORRY STEPHEN
NORRY PAMELA
REGION CODE ADDRESS : 58 CANYON RIDGE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031585623 MORTGAGORS: SVISLOTSKI ANDREI
SVISLOTSKI ELENA
REGION CODE ADDRESS : 3079 PASSMORE DRIVE
01 CITY : (HOLLYWOOD AREA), LOS ANG
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,639.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.73015
----------------------------------------------------------------
0 0031585631 MORTGAGORS: NEWBURN TIM
REGION CODE ADDRESS : 1111 HUNTINGTON STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,555.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 81.97100
----------------------------------------------------------------
0 0031585953 MORTGAGORS: BOUHAMAD KAMAL
BOUHAMAD INDUK
REGION CODE ADDRESS : 8186 TANFORAN COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,458.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,416.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.36200
----------------------------------------------------------------
0 0031585995 MORTGAGORS: HARASTY ALICIA
HARASTY ALBERT
REGION CODE ADDRESS : 5817 KENT PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 178,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,140.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,262.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.28800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,297,400.00
P & I AMT: 9,402.48
UPB AMT: 1,295,794.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031586076 MORTGAGORS: SELCER WILLIAM
SELCER LYNN
REGION CODE ADDRESS : 312 SOUTH LA PEER DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,633.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.87570
----------------------------------------------------------------
0 0031586084 MORTGAGORS: THOMAS GUNDULA
REGION CODE ADDRESS : 1137 EAST FAIRVIEW BOULEVARD
01 CITY : INGLEWOOD
STATE/ZIP : CA 90302
MORTGAGE AMOUNT : 94,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,856.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 649.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.33333
----------------------------------------------------------------
0 0031586100 MORTGAGORS: CREVELLI JOSEPH
CREVELLI JAMIE
REGION CODE ADDRESS : 4248 LOS PALOS PLACE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,284.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,004.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.33333
----------------------------------------------------------------
0 0031586191 MORTGAGORS: RITTENHOUSE STAN
RITTENHOUSE AUDREY
REGION CODE ADDRESS : 18679 DIDDY CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,046.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.99726
----------------------------------------------------------------
0 0031586209 MORTGAGORS: COLAW FRANK
COLAW SUSAN
REGION CODE ADDRESS : 18699 DIDDY CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 376,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,513.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,602.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99983
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,300.00
P & I AMT: 11,560.44
UPB AMT: 1,686,334.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031586217 MORTGAGORS: TRAN KELSON
TRAN KYLE
REGION CODE ADDRESS : 1627 DELUCA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
0 0031586225 MORTGAGORS: MCMILLAN DONALD
MCMILLAN MARY
REGION CODE ADDRESS : 6560 BLUEBONNET DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 307,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,194.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.82014
----------------------------------------------------------------
0 0031586233 MORTGAGORS: THAI ANNE
NGUYEN LAI
REGION CODE ADDRESS : 3534 CEDARDALE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 263,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,749.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031586282 MORTGAGORS: BINFORD BENJAMIN
BINFORD CAROLYN
REGION CODE ADDRESS : 6 MOUNT WHITNEY DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 383,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,936.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,778.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031586308 MORTGAGORS: MANDY LISA
LEE GERALD
REGION CODE ADDRESS : 1937 ADELAIDE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,818.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.85000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,850.00
P & I AMT: 10,195.28
UPB AMT: 1,460,503.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031586324 MORTGAGORS: WEINER GARY
REGION CODE ADDRESS : 3546 BERRY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,840.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,450.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.66600
----------------------------------------------------------------
0 0031586332 MORTGAGORS: MAGRUDER-BRIGGS LINDA
REGION CODE ADDRESS : 11265 LYNROSE STREET
01 CITY : ARCADIA AREA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,814.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.86500
----------------------------------------------------------------
0 0031586340 MORTGAGORS: REUTER DAVID
REUTER NANCY
REGION CODE ADDRESS : 1811 HIDDEN ROCK COURT
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031586415 MORTGAGORS: HENDRICK WILLIAM
HENDRICK SUSAN
REGION CODE ADDRESS : 212 CORSAIR ROAD
01 CITY : DUCK KEY
STATE/ZIP : FL 33050
MORTGAGE AMOUNT : 344,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,687.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031586449 MORTGAGORS: CARROLL PATRICK
BRENNAN-CARROLL PAM
REGION CODE ADDRESS : 2313 SWAINWOOD DRIVE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,531.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,200.00
P & I AMT: 9,749.46
UPB AMT: 1,404,630.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031586779 MORTGAGORS: GOLDMAN KATHRYN
SCHUYLER JAMES
REGION CODE ADDRESS : 220 PALO ALTO AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 531,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 530,855.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,714.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.48700
----------------------------------------------------------------
0 0031586837 MORTGAGORS: YANOWITZ ANDREW
YANOWITZ ANDREA
REGION CODE ADDRESS : 373 BAHR DRIVE
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,963.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031586845 MORTGAGORS: HARTSOCK TOM
HARTSOCK ANGELA
REGION CODE ADDRESS : 201 CEDAR DRIVE
01 CITY : PIKEVILLE
STATE/ZIP : KY 41501
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
0 0031586928 MORTGAGORS: POWERS DONALD
POWERS CONSTANCE
REGION CODE ADDRESS : 1437 ORCHARD WAY
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.77700
----------------------------------------------------------------
0 0031586944 MORTGAGORS: SHURTS GERALD
SHURTS LANOVA
REGION CODE ADDRESS : 1794 HAMLET STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,061.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.04220
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,667,950.00
P & I AMT: 11,511.28
UPB AMT: 1,666,455.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587082 MORTGAGORS: FRANK JEFFREY
REGION CODE ADDRESS : 1192-1198 LAUREL STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,737.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587090 MORTGAGORS: KROLL HOWARD
KROLL SUSAN
REGION CODE ADDRESS : 4229 WHISPERING PINES COURT
01 CITY : (ENCINO AREA), LOS ANGELE
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,426.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.09600
----------------------------------------------------------------
0 0031587132 MORTGAGORS: FINLAY RUSSELL
FINLAY LAURA
REGION CODE ADDRESS : 32972 DANAPINE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,560.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587157 MORTGAGORS: CRISTOBAL VIRGILIO
CRISTOBAL FLORENCIA
REGION CODE ADDRESS : 120 JAMES COURT
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,036.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.36980
----------------------------------------------------------------
0 0031587371 MORTGAGORS: TOPPING DAVID
TOPPING PATRICIA
REGION CODE ADDRESS : 4807 DANBURY CIRCLE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 265,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,067.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,750.00
P & I AMT: 11,015.01
UPB AMT: 1,532,829.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587405 MORTGAGORS: CYRUS WILLIAM
CYRUS BARBARA
REGION CODE ADDRESS : 171 YOUNG RANCH ROAD
01 CITY : GEORGETOWN
STATE/ZIP : TX 78628
MORTGAGE AMOUNT : 303,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,085.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031587421 MORTGAGORS: CORZINE SCOTT
KHARE REENA
REGION CODE ADDRESS : 1354 EGRET DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,770.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.52700
----------------------------------------------------------------
0 0031587462 MORTGAGORS: LIU JAY
BI ANNIE
REGION CODE ADDRESS : 4425 HAMPSHIRE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 257,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,785.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.53600
----------------------------------------------------------------
0 0031587587 MORTGAGORS: DUSEK JEFF
DUSEK CAROLE
REGION CODE ADDRESS : 12619 CAMINITO RADIANTE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 285,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,602.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031587595 MORTGAGORS: CONNELL ROSEMARIE
CONNELL MICHAEL
REGION CODE ADDRESS : 222 CEDAR AVENUE
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 164,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,207.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,800.00
P & I AMT: 9,236.79
UPB AMT: 1,318,745.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587744 MORTGAGORS: DURIAN GARY
DURIAN CRISTINE
REGION CODE ADDRESS : 16940 MARIAH COURT
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,785.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587777 MORTGAGORS: PESSIS ROBERT
PESSIS SUREKHA
REGION CODE ADDRESS : 1253 20TH PLACE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,753.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587785 MORTGAGORS: MOORE JOHN
MOORE SHARON
REGION CODE ADDRESS : 175 NORWOOD ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,175.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.38400
----------------------------------------------------------------
0 0031588239 MORTGAGORS: DE NAPLES PHYLLIS
CENTILLI ROBERT
REGION CODE ADDRESS : 3099 ENCANTO DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.86660
----------------------------------------------------------------
0 0031588247 MORTGAGORS: LEVINE DAVID
LEVINE KIMLEE
REGION CODE ADDRESS : 430 AVENUE F
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,521.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.52941
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,000.00
P & I AMT: 11,946.92
UPB AMT: 1,686,614.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031588254 MORTGAGORS: DANG HOAN
DANG DIANA
REGION CODE ADDRESS : 165 JOAQUIN CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,808.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.01490
----------------------------------------------------------------
0 0031588379 MORTGAGORS: PEVERINI ROGER
PEVERINI MELONY
REGION CODE ADDRESS : 8883 SHELDON OAKS LANE
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 386,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,639.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,733.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.49300
----------------------------------------------------------------
0 0031588429 MORTGAGORS: COOK MICHAEL
COOK CATHERINE
REGION CODE ADDRESS : 2200 MARYWOOD COURT
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 356,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,281.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,525.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588445 MORTGAGORS: BARTON TERRY
BARTON MELANIE
REGION CODE ADDRESS : 2231 TERRACE VIEW COURT
01 CITY : COOL
STATE/ZIP : CA 95614
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,529.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588494 MORTGAGORS: SHULTZ RONALD
SHULTZ DENISE
REGION CODE ADDRESS : 2919 LA COMBADURA ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,607.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,800.00
P & I AMT: 11,018.43
UPB AMT: 1,567,866.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031588510 MORTGAGORS: ZEHLER DANIEL
ZEHLER NANCY
REGION CODE ADDRESS : 6541 VESPER CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,769.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588528 MORTGAGORS: NIEMI VICTORIA
REGION CODE ADDRESS : 1393 PUFFIN PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,606.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031588536 MORTGAGORS: MANOS PAUL
REGION CODE ADDRESS : 11490 HOLLY FERN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,995.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031588551 MORTGAGORS: STEVENS GREGORY
DOERR-STEVENS JULIE
REGION CODE ADDRESS : 11341 WILLS CREEK ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 299,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,372.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031588569 MORTGAGORS: RUCKER STANLEY
RUCKER LYNDA
REGION CODE ADDRESS : 376 GARDENIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 367,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,620.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,800.00
P & I AMT: 10,385.57
UPB AMT: 1,512,364.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031588577 MORTGAGORS: BRONS JOHANNES
BRONS THERESA
REGION CODE ADDRESS : 5071 SEACHASE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,718.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.96800
----------------------------------------------------------------
0 0031588775 MORTGAGORS: DAVEY ROBERT
DAVEY ETTA
REGION CODE ADDRESS : 1713 BUNGUNDY ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,366.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.47000
----------------------------------------------------------------
0 0031588841 MORTGAGORS: HADDAD BASSEL
HADDAD JONI
REGION CODE ADDRESS : 320 JUNIPERO STREET
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,815.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588908 MORTGAGORS: VAN CLEAVE ROBERT
VAN CLEAVE SHARON
REGION CODE ADDRESS : 4416 BEVERLY DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 513,840.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,840.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,548.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.25400
----------------------------------------------------------------
0 0031588999 MORTGAGORS: CHANG JEFF
CHANG KAREN
REGION CODE ADDRESS : 3810 E. RENO AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89120
MORTGAGE AMOUNT : 126,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,891.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 817.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,840.00
P & I AMT: 10,587.33
UPB AMT: 1,538,632.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031589500 MORTGAGORS: CASSENS JEFFREY
CASSENS KRISTINE
REGION CODE ADDRESS : 1030 BROOKSGLENN DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031589864 MORTGAGORS: CAFFEY H
CAFFEY LINDA
REGION CODE ADDRESS : 1600 HALLGREEN DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,621.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.57142
----------------------------------------------------------------
0 0031589872 MORTGAGORS: LLOYD ROBERT
REGION CODE ADDRESS : 2424 LANTERMAN TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031589906 MORTGAGORS: WRIGHT CRAIG
HAVILAND MARY
REGION CODE ADDRESS : 4320 MIDDLESEX DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,600.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,126.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590045 MORTGAGORS: PAULSEN MICHAEL
PAULSEN LISA
REGION CODE ADDRESS : 1440 THORNWOOD DRIVE
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,940.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,150.00
P & I AMT: 10,838.01
UPB AMT: 1,579,934.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031590201 MORTGAGORS: POMIDORO CHRISTOPHER
POMIDORO VICKI
REGION CODE ADDRESS : 18122 LANTANA DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,760.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.75000
----------------------------------------------------------------
0 0031590227 MORTGAGORS: SANDERS DAVID
REGION CODE ADDRESS : 209 7TH STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 386,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,605.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97600
----------------------------------------------------------------
0 0031590284 MORTGAGORS: NAKAYAMA MASAHIKO
NAKAYAMA KAREN
REGION CODE ADDRESS : 923 INTERLAKEN DRIVE
01 CITY : LODI
STATE/ZIP : CA 95242
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.23943
----------------------------------------------------------------
0 0031590300 MORTGAGORS: ASKEW CHARLES
ASKEW TERRIANN
REGION CODE ADDRESS : 4614 RICHMOND AVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,764.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031590326 MORTGAGORS: WATSON ROBERT
CADMAN NANCY
REGION CODE ADDRESS : 50 CARRIAGE DR
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 230,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,591.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,494,650.00
P & I AMT: 10,354.36
UPB AMT: 1,493,518.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031590466 MORTGAGORS: BOZEK ROBERT
BOZEK FRANCILLA
REGION CODE ADDRESS : 231 SANTIAGO LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 33.33300
----------------------------------------------------------------
0 0031590474 MORTGAGORS: KIESEL MICHAEL
KIESEL ELISABETH
REGION CODE ADDRESS : 5701 TINKERS LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,128.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.23500
----------------------------------------------------------------
0 0031590490 MORTGAGORS: SPARKMAN PERRY
REGION CODE ADDRESS : 3213 BLOOMFIELD ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,328.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.76900
----------------------------------------------------------------
0 0031590532 MORTGAGORS: STEPHENS MARK
REGION CODE ADDRESS : 1181 STEINWAY AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590557 MORTGAGORS: HAWLEY BETH
HAWLEY WILLIAM
REGION CODE ADDRESS : 4075 AMOS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.94300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,500.00
P & I AMT: 10,707.84
UPB AMT: 1,509,726.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031590573 MORTGAGORS: GREENER GARY
REGION CODE ADDRESS : 8361 YUCCA TRAIL
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,793.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590623 MORTGAGORS: SANQUIST MARK
SANQUIST PATRICIA
REGION CODE ADDRESS : 166 GARDENGATE LANE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 243,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,919.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031590631 MORTGAGORS: NETICK BENJAMIN
NETICK ALLAN
REGION CODE ADDRESS : 6028 OCEAN VIEW DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,959.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590649 MORTGAGORS: CARTER MICHAEL
JONES KRISTI
REGION CODE ADDRESS : 8083 IGLESIA DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,784.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590656 MORTGAGORS: FLAGG BRADFORD
REGION CODE ADDRESS : 1 WILDWOOD COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,383.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,647.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.82100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,500.00
P & I AMT: 9,957.65
UPB AMT: 1,456,841.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031590664 MORTGAGORS: DAVIS JIMMIE
DAVIS KIM
REGION CODE ADDRESS : 6300 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 320,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,249.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.87996
----------------------------------------------------------------
0 0031590698 MORTGAGORS: RUTKOWSKI JOANNA
REGION CODE ADDRESS : 1225 ROBYN DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 320,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,022.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.21800
----------------------------------------------------------------
0 0031590821 MORTGAGORS: GAIL RAYMOND
GAIL AMBER
REGION CODE ADDRESS : 27618 WESTON DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,123.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031590839 MORTGAGORS: VILLEGAS EDGAR
VILLEGAS JOVITA
REGION CODE ADDRESS : 1724 CAYUGA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 266,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,756.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031590870 MORTGAGORS: HOSIER ROBERT
HOSIER WINNIE
REGION CODE ADDRESS : 27614 SOUTH FAIR OAKS ROAD
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 262,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,778.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,600.00
P & I AMT: 9,897.41
UPB AMT: 1,414,932.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031590953 MORTGAGORS: WALLISER RICHARD
WALLISER DIANNA
REGION CODE ADDRESS : 2600 PIEDRA VERDE COURT
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,435.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031591191 MORTGAGORS: CARTER RODNEY
CARTER CAROL
REGION CODE ADDRESS : 7307 WOODVALE COURT
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,818.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.03220
----------------------------------------------------------------
0 0031591399 MORTGAGORS: DEEGAN CHAD
DEEGAN ERIN
REGION CODE ADDRESS : 130 LESSAY
01 CITY : NEWPORT COAST (AREA)
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,581.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.83700
----------------------------------------------------------------
0 0031591415 MORTGAGORS: WALLSTER JAMES
WALLSTER DENISE
REGION CODE ADDRESS : 2863 SANDERLING DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,345.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.64460
----------------------------------------------------------------
0 0031591456 MORTGAGORS: FELDSTEIN PAUL
FELDSTEIN PATRICIA
REGION CODE ADDRESS : 2605 POST STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,166.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,654,000.00
P & I AMT: 11,366.30
UPB AMT: 1,651,347.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031591464 MORTGAGORS: KALUA KEVIN
KALUA BARBI
REGION CODE ADDRESS : 1005 FRIESEN DRIVE
01 CITY : ANGWIN
STATE/ZIP : CA 94508
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,879.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 41.66660
----------------------------------------------------------------
0 0031591597 MORTGAGORS: BECKER AMY
REGION CODE ADDRESS : 1276 WEDGEWOOD MANOR WAY
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,896.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 978.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031591894 MORTGAGORS: DOYLE DONALD
DOYLE BARBARA
REGION CODE ADDRESS : 39594 MUSICK FALLS LANE
01 CITY : SHAVER LAKE
STATE/ZIP : CA 93664
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,007.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031591928 MORTGAGORS: YUEN KWOK
WAN KITTY
REGION CODE ADDRESS : 22105 BRIARWOOD COURT
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,569.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.75400
----------------------------------------------------------------
0 0031591969 MORTGAGORS: HULETT RANDY
HULETT WENDY
REGION CODE ADDRESS : 25914 SE 23RD COURT
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.20700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,500.00
P & I AMT: 11,451.84
UPB AMT: 1,648,727.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031592017 MORTGAGORS: GINES GLEN
GINES COLETTE
REGION CODE ADDRESS : 10345 SW GARDNER COURT
01 CITY : TUALATIN
STATE/ZIP : OR 97062
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,589.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031592157 MORTGAGORS: DEFRANCESCO MARC
BURKE KAREN
REGION CODE ADDRESS : 2206 PLEASANT HILL ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,735.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.59000
----------------------------------------------------------------
0 0031592165 MORTGAGORS: BEALES ALAN
LAURENT MICHELLE
REGION CODE ADDRESS : 30 RISHELL DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,993.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031592520 MORTGAGORS: MOORE E
REGION CODE ADDRESS : 1220 COSBY CIRLCE
01 CITY : GREENSBORO
STATE/ZIP : GA 30642
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031593270 MORTGAGORS: PHILLIPS ANTHONY
PHILLIPS CHRISTINA
REGION CODE ADDRESS : 142 CHELSEY PLACE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.08900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,200.00
P & I AMT: 10,417.98
UPB AMT: 1,532,318.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031593478 MORTGAGORS: WYATT JOHN
REGION CODE ADDRESS : 4004 HARDING PLACE
01 CITY : NASHVILLE
STATE/ZIP : TN 37215
MORTGAGE AMOUNT : 238,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031593593 MORTGAGORS: BEDIKIAN VAHAN
BEDIKIAN ZEVART
REGION CODE ADDRESS : 1851 TAMERLANE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,499.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031594716 MORTGAGORS: SCHUURS ANDREW
SCHUURS DIANE
REGION CODE ADDRESS : 26272 TARRASA LANE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,832.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,414.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031595168 MORTGAGORS: ZINAM PETER
REGION CODE ADDRESS : 61 UPPER WHITFIELD ROAD
01 CITY : ACCORD
STATE/ZIP : NY 12404
MORTGAGE AMOUNT : 106,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,306.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 681.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031595440 MORTGAGORS: SCOTT KATHLYN
REGION CODE ADDRESS : 3657 WEST 143RD TERRACE
01 CITY : LEAWOOD
STATE/ZIP : KS 66224
MORTGAGE AMOUNT : 285,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,737.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,177,250.00
P & I AMT: 8,135.79
UPB AMT: 1,176,275.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031595465 MORTGAGORS: BROWN MATTHEW
DOWDY BROWN ALICIA
REGION CODE ADDRESS : 13814 LAKEWOOD CROSSING BOULEVARD
01 CITY : HOUSTON
STATE/ZIP : TX 77070
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031595697 MORTGAGORS: BURRUSS DAVID
REGION CODE ADDRESS : 4309 ORCHARD VALLEY DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30339
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,864.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.52800
----------------------------------------------------------------
0 0031595861 MORTGAGORS: BENDIS DIANE
BENDIS JAN
REGION CODE ADDRESS : 20970 PARK HILL DRIVE
01 CITY : PERRIS
STATE/ZIP : CA 92570
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,531.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031595903 MORTGAGORS: SANDOVAL VICTOR
HASLAM LUANN
REGION CODE ADDRESS : 3825 VALLEY LIGHTS DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,011.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031595952 MORTGAGORS: UNFLAT JOHN
UNFLAT LYNN
REGION CODE ADDRESS : 9851 CARRARA CIRCLE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,092.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.97300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,200.00
P & I AMT: 9,886.19
UPB AMT: 1,409,636.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596067 MORTGAGORS: BOECKELMANN ULRICH
BOECKELMANN SHERRY
REGION CODE ADDRESS : 18210 SUMMER SPRINGS
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78259
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031596083 MORTGAGORS: ROSENFIELD SHELDON
ROSENFIELD JOSCELYNE
REGION CODE ADDRESS : 17512 MAGNOLIA BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,178.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,581.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031596109 MORTGAGORS: SMETANA DARYL
SMETANA CYNTHIA
REGION CODE ADDRESS : 7948 EAST TIMBERLAND AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,593.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.88900
----------------------------------------------------------------
0 0031596117 MORTGAGORS: HORN LAWRENCE
HORN LINDA
REGION CODE ADDRESS : 5570 BARNARD STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,584.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031596380 MORTGAGORS: HOUSE RICHARD
HOUSE NANCY
REGION CODE ADDRESS : 1204 RAINIER AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,599.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,800.00
P & I AMT: 11,069.11
UPB AMT: 1,596,764.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596398 MORTGAGORS: DANG THOMAS
DANG ANNIE
REGION CODE ADDRESS : 45-615 DUNCAN DRIVE
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596414 MORTGAGORS: FREEMAN DANIEL
REGION CODE ADDRESS : 224 CALEDONIA STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,796.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596471 MORTGAGORS: BAUM RICHARD
PATE-BAUM LOUISA
REGION CODE ADDRESS : 151 RANCHITOS DEL SOL
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,313.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031596489 MORTGAGORS: CALVETTI VINCENT
CALVETTI CRISTINA
REGION CODE ADDRESS : 2837 BUENA KNOLL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 156,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,683.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,096.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596596 MORTGAGORS: CLARK JOHN
REGION CODE ADDRESS : 8600 APPIAN WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,743.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.69000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,258,300.00
P & I AMT: 8,718.84
UPB AMT: 1,257,340.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596604 MORTGAGORS: FERRANTE BRIAN
REGION CODE ADDRESS : 1335 MASTEN AVENUE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.20500
----------------------------------------------------------------
0 0031596620 MORTGAGORS: HOLMES GEOFFREY
HOLMES MARCIA
REGION CODE ADDRESS : 4954 FOOTHILL BOULEVARD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,944.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,150.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596638 MORTGAGORS: STEIN JOSHUA
STEIN LISA
REGION CODE ADDRESS : 6741 SADDLEBACK DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,550.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,929.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.22600
----------------------------------------------------------------
0 0031596653 MORTGAGORS: ANDRUS LAURA
REGION CODE ADDRESS : 817 SEAL POINTE DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,753.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031596687 MORTGAGORS: WAGSTAFF JAMES
MACAPAGAL MARIA
REGION CODE ADDRESS : 618-620 ABBOT AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94014
MORTGAGE AMOUNT : 267,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,721.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,791,300.00
P & I AMT: 12,311.82
UPB AMT: 1,789,732.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596695 MORTGAGORS: MAHLER RAYDEAN
MAHLER BARBARA
REGION CODE ADDRESS : 18862 VIA MESSINA
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 328,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,043.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031596737 MORTGAGORS: WONG BRIAN
WONG JUNE
REGION CODE ADDRESS : 25879 W FREMONT ROAD
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,393.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,433.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.95300
----------------------------------------------------------------
0 0031596745 MORTGAGORS: VARGAS CHRISTOPHER
VARGAS JENNIFER
REGION CODE ADDRESS : 1221 ROANWOOD WAY
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,596.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.96400
----------------------------------------------------------------
0 0031596760 MORTGAGORS: JOHNSON PAM
JOHNSON DANIEL
REGION CODE ADDRESS : 1331 ELWOOD DRIVE
01 CITY : CAMBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,700.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596778 MORTGAGORS: ARISTAKESSIAN PETER
ARISTAKESSIAN SALPIE
REGION CODE ADDRESS : 3960 MARTIN DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,774.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,922,200.00
P & I AMT: 13,160.40
UPB AMT: 1,920,509.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596810 MORTGAGORS: EVANS JOHN
KOLLMANN AURIEL
REGION CODE ADDRESS : 21102 GRENOLA DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,725.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.00000
----------------------------------------------------------------
0 0031596836 MORTGAGORS: HILLAERT JAMES
EASTON CHARLES
REGION CODE ADDRESS : 523 MARIA DR
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.17500
----------------------------------------------------------------
0 0031596844 MORTGAGORS: SARCEDA CAROLINE
REGION CODE ADDRESS : 98-1088 KOMO MAI DRIVE # 129
01 CITY : AIEA
STATE/ZIP : HI 96701
MORTGAGE AMOUNT : 149,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,486.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,033.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596877 MORTGAGORS: TREIGER ADAM
REGION CODE ADDRESS : 5216 MEDINA ROAD
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 342,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,119.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596893 MORTGAGORS: HUMPHREY THOMAS
FIORI SUSAN
REGION CODE ADDRESS : 60 PROSPECT DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,000.00
P & I AMT: 9,375.85
UPB AMT: 1,387,892.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596919 MORTGAGORS: ACKERET MICHAEL
ACKERET KAREN
REGION CODE ADDRESS : 213 N HENRY AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,576.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596968 MORTGAGORS: MYERS RALPH
MYERS BARBARA
REGION CODE ADDRESS : 886 WEST NORTHWOOD AVENUE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,706.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.65600
----------------------------------------------------------------
0 0031597016 MORTGAGORS: BUMGARNER DARREL
BUMGARNER CONNIE
REGION CODE ADDRESS : 150 CAMINO AL BARRANCO
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 285,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,703.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031597115 MORTGAGORS: DAVIS MICHAEL
DAVIS UNA
REGION CODE ADDRESS : 910 MERLO COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 278,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,432.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031597131 MORTGAGORS: OKUBO MICHAEL
OKUBO GLORIA
REGION CODE ADDRESS : 364 GARDENIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 326,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,694.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,200.00
P & I AMT: 9,779.72
UPB AMT: 1,418,113.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597149 MORTGAGORS: SEGER DENIS
SEGER CARRIE
REGION CODE ADDRESS : 917 MERLO COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 300,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,415.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031597198 MORTGAGORS: GOLDEN JEFFREY
GOLDEN SUZANNE
REGION CODE ADDRESS : 11502 VILLAGE RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 245,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,113.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031597214 MORTGAGORS: JEFFREY RICHARD
JEFFREY ANDREA
REGION CODE ADDRESS : 200 SOUTH MADISON STREET
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,806.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.95100
----------------------------------------------------------------
0 0031597230 MORTGAGORS: LEMON MICHAEL
LEMON MARIANNE
REGION CODE ADDRESS : 3817 CALLE JOAQUIN
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,242.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
0 0031597255 MORTGAGORS: FOSTER JACQUELINE
REGION CODE ADDRESS : 1448 CARMINE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,276.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.19200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,950.00
P & I AMT: 9,781.26
UPB AMT: 1,422,854.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597321 MORTGAGORS: WU TZER
WU YINA
REGION CODE ADDRESS : 41096 CANYON HEIGHTS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.47700
----------------------------------------------------------------
0 0031597347 MORTGAGORS: PALAZUELOS MARK
PALAZUELOS CARMEN
REGION CODE ADDRESS : 170 BUCKTHORNE DRIVE
01 CITY : BREA
STATE/ZIP : CA 92823
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,802.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.69200
----------------------------------------------------------------
0 0031597354 MORTGAGORS: HAMMOCK JAMES
HAMMOCK LISA
REGION CODE ADDRESS : 755 DOS HERMANOS ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031597396 MORTGAGORS: DERKOS PAUL
DERKOS KRISTINA
REGION CODE ADDRESS : 6275 LONE PINE ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.62686
----------------------------------------------------------------
0 0031597735 MORTGAGORS: TRAN DIEU
QUAN-TRONG Y-LAN
REGION CODE ADDRESS : 349 CALLE MORENO
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,794.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.15200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,000.00
P & I AMT: 10,192.67
UPB AMT: 1,490,839.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597800 MORTGAGORS: DUKE LEILAND
DUKE BETTY
REGION CODE ADDRESS : 2316 DOGWOOD MEADOWS COVE
01 CITY : GERMANTOWN
STATE/ZIP : TN 38139
MORTGAGE AMOUNT : 487,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,446.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.78700
----------------------------------------------------------------
0 0031598188 MORTGAGORS: GONCALVES CELSO
REGION CODE ADDRESS : 2360 SAN ANTONIO AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,980.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031598295 MORTGAGORS: LENNOX BRENDA
LENNOX JERRY
REGION CODE ADDRESS : 34381 BENNETT ROAD
01 CITY : WARREN
STATE/ZIP : OR 97053
MORTGAGE AMOUNT : 237,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,974.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031598303 MORTGAGORS: WETTER DAVID
WETTER KARYN
REGION CODE ADDRESS : 17457 SW FITCH DRIVE
01 CITY : SHERWOOD
STATE/ZIP : OR 97140
MORTGAGE AMOUNT : 275,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,329.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.79200
----------------------------------------------------------------
0 0031598808 MORTGAGORS: JANNING ROBERT
JANNING PATRICIA
REGION CODE ADDRESS : 7635 HOLLANDERRY PLACE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,968.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.69500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,250.00
P & I AMT: 10,604.12
UPB AMT: 1,521,252.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031598865 MORTGAGORS: ANDERSON MARK
ANDERSON CATHEY
REGION CODE ADDRESS : 13156 ANTHONY RIDGE ROAD
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,766.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031599392 MORTGAGORS: MUTMAN DANYAL
MUTMAN DEBORAH
REGION CODE ADDRESS : 6350 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 301,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,315.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98876
----------------------------------------------------------------
0 0031599418 MORTGAGORS: SCHNURR ROGER
SCHNURR KAREN
REGION CODE ADDRESS : 27464 WHITEFIELD PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,756.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031599434 MORTGAGORS: RAICHLE ROBERT
RAICHLE MARTHA
REGION CODE ADDRESS : 16736 SYLVAN COURT
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,304.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.05700
----------------------------------------------------------------
0 0031599459 MORTGAGORS: WHERRY DAVID
WHERRY JO ANN
REGION CODE ADDRESS : 2110 ST ANDREWS RD
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,690.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,262.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,813,800.00
P & I AMT: 12,659.98
UPB AMT: 1,811,833.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599467 MORTGAGORS: CURRIE KENDALL
REGION CODE ADDRESS : 28436 DEL MAR
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,878.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,189.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031599483 MORTGAGORS: LANGHAMMER MICHAEL
LANGHAMMER LINDA
REGION CODE ADDRESS : 1S580 SHAFFNER
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031599525 MORTGAGORS: HO THOMAS
TRAN PHUONG
REGION CODE ADDRESS : 5811 SPA DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 161,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 161,842.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,146.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031599541 MORTGAGORS: GILLIAM C. MICHAEL
GILLIAM DELAN
REGION CODE ADDRESS : 7572 NORTHWEST 50TH COURT
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33067
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031599558 MORTGAGORS: AKITA JERRY
AKITA HELEN
REGION CODE ADDRESS : 32072 VIA CARLOS
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,384.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,232,060.00
P & I AMT: 8,638.89
UPB AMT: 1,231,605.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599608 MORTGAGORS: KUCERA PHILIP
KUCERA NANCY
REGION CODE ADDRESS : 3 SADDLE ROCK RD
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031599640 MORTGAGORS: SCHWARTZ STEPHEN
SCHWARTZ JULIA
REGION CODE ADDRESS : 1384 PROMONTORY POINT DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,516.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031599657 MORTGAGORS: SCHEIN JOSHUA
SCHEIN EILEEN
REGION CODE ADDRESS : 524 CLUBHOUSE ROAD
01 CITY : WOODMERE
STATE/ZIP : NY 11598
MORTGAGE AMOUNT : 449,133.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,133.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,217.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031600356 MORTGAGORS: CALLAHAN JOHN
DEJONG IRENE
REGION CODE ADDRESS : 149 ROBINHOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,491.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.71200
----------------------------------------------------------------
0 0031600489 MORTGAGORS: SINGER STEVEN
DUPUY LETICIA
REGION CODE ADDRESS : 2003 ARBOR AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,635.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,963,133.00
P & I AMT: 13,760.89
UPB AMT: 1,961,775.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031600513 MORTGAGORS: ALEXANDER STEVEN
ALEXANDER LEEANN
REGION CODE ADDRESS : 434 MIWOK COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 346,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,170.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,394.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.83600
----------------------------------------------------------------
0 0031600687 MORTGAGORS: SHAH ABID
SHAH NASREEN
REGION CODE ADDRESS : 3145 WARBLER PLACE
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 287,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,475.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.83500
----------------------------------------------------------------
0 0031601339 MORTGAGORS: HANELT PAUL
REGION CODE ADDRESS : 1450 NORTH STEUER DRIVE
01 CITY : PRESCOTT
STATE/ZIP : AZ 86301
MORTGAGE AMOUNT : 84,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,942.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 609.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031601677 MORTGAGORS: PAYNE STEVE
PAYNE SARA
REGION CODE ADDRESS : 5027 THURBER LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031601784 MORTGAGORS: GIGANTINO CHRISTINE
REGION CODE ADDRESS : 1477 DRY CREEK ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,720.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.81400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,343,400.00
P & I AMT: 9,336.36
UPB AMT: 1,342,124.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031601867 MORTGAGORS: KOLLMEYER KEITH
REGION CODE ADDRESS : 1080 S. BERETANIA ST APT. NO. 902
01 CITY : HONOLULU
STATE/ZIP : HI 96814
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,640.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,391.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.28500
----------------------------------------------------------------
0 0031601917 MORTGAGORS: HORGAN JOHN
HORGAN DOROTHY
REGION CODE ADDRESS : 15 GOLF LINKS ROAD
01 CITY : GLENBROOK
STATE/ZIP : NV 89413
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,878.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.27200
----------------------------------------------------------------
0 0031601925 MORTGAGORS: TELLER FREDERIC
TELLER CAROL
REGION CODE ADDRESS : 12 HARDING DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,816.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.88200
----------------------------------------------------------------
0 0031601966 MORTGAGORS: NUNEZ JORGE
NUNEZ SANDRA
REGION CODE ADDRESS : 963 GULL AVENUE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,441.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031602329 MORTGAGORS: SCHIMANDLE JAMES
SCHIMANDLE CAROLYN
REGION CODE ADDRESS : 460 KALANA AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.58300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,200.00
P & I AMT: 11,420.22
UPB AMT: 1,636,534.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031602444 MORTGAGORS: LEVEE DEBORAH
REGION CODE ADDRESS : 2 NORTH COMPASS DRIVE
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.69100
----------------------------------------------------------------
0 0031602451 MORTGAGORS: DRAGON JAY
REGION CODE ADDRESS : 2356 DELLWOOD DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,764.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602469 MORTGAGORS: WILSON RICHARD
WILSON JOANNE
REGION CODE ADDRESS : 610 CARROLL WAY
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,441.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,344.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602477 MORTGAGORS: ROSENTHAL STEVEN
ROSENTHAL LORI
REGION CODE ADDRESS : 5255 PACIFIC GROVE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,266.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,324.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031602493 MORTGAGORS: FLEISCHMANN LEIGH
REGION CODE ADDRESS : 11492 VILLAGE RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 255,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,100.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,646,100.00
P & I AMT: 11,199.90
UPB AMT: 1,644,261.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031602501 MORTGAGORS: MARTIN BRIAN
ASSELIN LYNETTE
REGION CODE ADDRESS : 11490 VILLAGE RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 243,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,910.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031602527 MORTGAGORS: VON RAESFELD ROBERT
VON RAESFELD CAROL
REGION CODE ADDRESS : 1290 POKER FLAT PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,757.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.15000
----------------------------------------------------------------
0 0031602535 MORTGAGORS: ROMEDY BROOKS
ROMEDY TRACI
REGION CODE ADDRESS : 1432 HARLE PLACE, S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 243,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,205.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031602626 MORTGAGORS: HUIBERTS JACK
HUIBERTS MARION
REGION CODE ADDRESS : 31891 PASEO MONTE VISTA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,285.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602741 MORTGAGORS: STEPHEN JOSEPH
STEPHEN SHEILA
REGION CODE ADDRESS : 9811 AMESTOY AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,720.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.92400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,500.00
P & I AMT: 9,880.77
UPB AMT: 1,440,878.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031602816 MORTGAGORS: QUINTAL MARC
HARVEY ISABELLE
REGION CODE ADDRESS : 13937 REDMOND WAY
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,721.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031604267 MORTGAGORS: KELLY JEFFREY
REGION CODE ADDRESS : 104 QUAIL RIDGE
01 CITY : ANGIER
STATE/ZIP : NC 27501
MORTGAGE AMOUNT : 158,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,885.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.80300
----------------------------------------------------------------
0 0031604309 MORTGAGORS: ZEMEL DAVID
ZEMEL AVITAL
REGION CODE ADDRESS : 19104 OLD BALTIMORE ROAD
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.63500
----------------------------------------------------------------
0 0031604580 MORTGAGORS: HONDLE WILLIAM
HONDLE LINDA
REGION CODE ADDRESS : 13621 116TH ST CT E
01 CITY : PUYALLUP
STATE/ZIP : WA 98374
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031604838 MORTGAGORS: LISH ETHAN
LISH ILENE
REGION CODE ADDRESS : 13909 LITTLE TREE COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 323,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,503.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,286,650.00
P & I AMT: 9,014.78
UPB AMT: 1,285,698.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031604853 MORTGAGORS: BRITTON KENNETH
REGION CODE ADDRESS : 115 EAST AVENIDA JUNIPERO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031604861 MORTGAGORS: LUO MIN-YIH
LUO YA-LING
REGION CODE ADDRESS : 1398 STURGEON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,803.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.38200
----------------------------------------------------------------
0 0031606155 MORTGAGORS: KOBAK JAY
BORMAN JACQUELINE
REGION CODE ADDRESS : 735 VANDAM STREET
01 CITY : NORTH WOODMERE
STATE/ZIP : NY 11581
MORTGAGE AMOUNT : 272,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,476.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031606205 MORTGAGORS: GALLY KAREN
GALLY ERIC
REGION CODE ADDRESS : 7239 GRINELL DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 242,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,979.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031606486 MORTGAGORS: O'MALLEY MARK
O'MALLEY MARY
REGION CODE ADDRESS : 12 COCHISE COURT
01 CITY : OAK BROOK
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 432,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,162.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.53500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,350.00
P & I AMT: 10,198.35
UPB AMT: 1,475,225.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031606601 MORTGAGORS: ATKINS STEVEN
ATKINS PATTI
REGION CODE ADDRESS : 1417 HARLE PLACE S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,393.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606676 MORTGAGORS: GOWER MICHAEL
REGION CODE ADDRESS : 27748 ST MARY'S ROAD
01 CITY : METTAWA
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,395.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.94500
----------------------------------------------------------------
0 0031606841 MORTGAGORS: BROWN CECIL
BROWN DONNA
REGION CODE ADDRESS : 25 GENERAL SAGE DRIVE
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
0 0031607161 MORTGAGORS: WARREN JEFFREY
REGION CODE ADDRESS : 18 BEDLE STREET
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,061.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.34700
----------------------------------------------------------------
0 0031607724 MORTGAGORS: FRANZBLAU SIDNEY
FRANZBLAU AUDREY
REGION CODE ADDRESS : 6 KIPS RIDGE
01 CITY : VERONA
STATE/ZIP : NJ 07044
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,169.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 48.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,600.00
P & I AMT: 10,460.03
UPB AMT: 1,448,363.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031607898 MORTGAGORS: PALLINO CHRISTOPHER
REGION CODE ADDRESS : 37 NORWOOD LANE
01 CITY : MATAWAN
STATE/ZIP : NJ 07747
MORTGAGE AMOUNT : 111,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,813.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 721.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031607948 MORTGAGORS: RUEN JOHN
RUEN JUDY
REGION CODE ADDRESS : 334 EILEEN DR
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48302
MORTGAGE AMOUNT : 394,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,655.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.84000
----------------------------------------------------------------
0 0031607989 MORTGAGORS: BIRCH KIMBERLY
REGION CODE ADDRESS : 5422 BRISTOL PARKE DR
01 CITY : CLARKSTON
STATE/ZIP : MI 48348
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,576.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.87800
----------------------------------------------------------------
0 0031607997 MORTGAGORS: WILCOX KEVIN
WILCOX ROBIN
REGION CODE ADDRESS : 45A MILE HILL ROAD SOUTH
01 CITY : NEWTON
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,864.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.72400
----------------------------------------------------------------
0 0031608003 MORTGAGORS: STEPHENSON DEBORAH
STEPHENSON PETER
REGION CODE ADDRESS : 4474 CASTLEWOOD
01 CITY : AUBURN HILLS
STATE/ZIP : MI 48326
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.13900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,600.00
P & I AMT: 9,168.53
UPB AMT: 1,291,528.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031608011 MORTGAGORS: BLACK DAVID
BLACK GLORIA
REGION CODE ADDRESS : 3995 MCKEACHIE DRIVE
01 CITY : WHITE LAKE
STATE/ZIP : MI 48383
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,821.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031608144 MORTGAGORS: MACK GEORGE
MACK DOREEN
REGION CODE ADDRESS : 10009 QUINTESSENCE RD NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 237,420.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,066.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.78100
----------------------------------------------------------------
0 0031608375 MORTGAGORS: COOPER JOHN
PROSCHEL CHRISTY
REGION CODE ADDRESS : 10490 EAST SATILLO DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 235,568.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,217.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99973
----------------------------------------------------------------
0 0031609837 MORTGAGORS: ROBNETT ALLEN
ROBNETT TEILA
REGION CODE ADDRESS : 15473 E. POWERS DRIVE
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 252,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,237.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031609852 MORTGAGORS: YOUNG DANIEL
YOUNG MARIA
REGION CODE ADDRESS : 5505 NORTHEAST 21ST COURT
01 CITY : RENTON
STATE/ZIP : WA 98059
MORTGAGE AMOUNT : 312,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,529.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,285,188.00
P & I AMT: 8,954.46
UPB AMT: 1,283,872.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609878 MORTGAGORS: BOBICH MATT
BOBICH LINDA
REGION CODE ADDRESS : 1840 SHORE DRIVE
01 CITY : ANCHORAGE
STATE/ZIP : AK 99515
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,234.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031610694 MORTGAGORS: ERICKSON CARL
ERICKSON CRISTINA
REGION CODE ADDRESS : 370 COUNTRY WAY
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611635 MORTGAGORS: GAUGHAN TIMOTHY
DEAN DEBORAH
REGION CODE ADDRESS : 558 MELROSE AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.29200
----------------------------------------------------------------
0 0031611742 MORTGAGORS: HUGGETT WILLIAM
REGION CODE ADDRESS : 12937 LATCHWOOD LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78753
MORTGAGE AMOUNT : 97,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,629.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 691.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99017
----------------------------------------------------------------
0 0031611874 MORTGAGORS: CHARRON THOMAS
CHARRON LYNNE
REGION CODE ADDRESS : 27 YORKSHIRE ROAD
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,279.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,200.00
P & I AMT: 10,975.57
UPB AMT: 1,573,414.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031613706 MORTGAGORS: STISS BETSY
REGION CODE ADDRESS : 1542 SEVILLA AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,504.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.66600
----------------------------------------------------------------
0 0031613920 MORTGAGORS: HEATON RANDALL
HEATON LORI
REGION CODE ADDRESS : 3891 NORTH 450 WEST
01 CITY : PROVO
STATE/ZIP : UT 84604
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031613987 MORTGAGORS: DAMJANOVICH ROBERT
DAMJANOVICH JEANNIE
REGION CODE ADDRESS : 477 EAST STEEP MOUNTAIN DRIVE
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,904.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 863.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031614035 MORTGAGORS: INGERSOLL RODNEY
WALKER PATRICIA
REGION CODE ADDRESS : 16905 NORTHEAST 122ND STREET
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 282,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,995.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.13600
----------------------------------------------------------------
0 0031615545 MORTGAGORS: WETZEL JOHN
WETZEL MARY
REGION CODE ADDRESS : 334 ILO LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,534.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.87900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,187,200.00
P & I AMT: 8,276.78
UPB AMT: 1,186,227.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031616352 MORTGAGORS: BRITTON JAMES
WATSON FRANCES
REGION CODE ADDRESS : 11519 SENECA FOREST CIRCLE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.62300
----------------------------------------------------------------
0 0031616386 MORTGAGORS: FINCH STEPHEN
REGION CODE ADDRESS : 1223 NORTH HUMBOLDT STREET
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,344.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.75000
----------------------------------------------------------------
0 0031616394 MORTGAGORS: LOVERDE GLINDA
LOVERDE JOSEPH
REGION CODE ADDRESS : 690 CASTLEREA LANE
01 CITY : DES PLAINES
STATE/ZIP : IL 60016
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,797.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.09600
----------------------------------------------------------------
0 0031616485 MORTGAGORS: MCCOWN, D.C. BARRY
MCCOWN ELSA
REGION CODE ADDRESS : 1909 CAMINO VERA CRUZ
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 301,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,402.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.98900
----------------------------------------------------------------
0 0031618036 MORTGAGORS: CLAYTON RAY
REGION CODE ADDRESS : 908 NORTH CRESTON STREET
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,650.00
P & I AMT: 9,780.49
UPB AMT: 1,412,320.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031618754 MORTGAGORS: MERRITT KERRY
MERRITT VALERIE
REGION CODE ADDRESS : 14941 SE CROSS CREEK COURT
01 CITY : DAMASCUS
STATE/ZIP : OR 97009
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,799.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031618770 MORTGAGORS: DAVIS STANLEY
REGION CODE ADDRESS : 5509 WOODCREST DRIVE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 279,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,537.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031618804 MORTGAGORS: GRAY GARY
GRAY TINA
REGION CODE ADDRESS : 1323 E KNOX ROAD
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,047.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031618812 MORTGAGORS: SWYMELER MARK
SWYMELER LISA
REGION CODE ADDRESS : 4060 EAU CLAIRE CIRCLE
01 CITY : PRIOR LAKE
STATE/ZIP : MN 55372
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031619497 MORTGAGORS: CONLON KENNETH
CONLON BARBARA
REGION CODE ADDRESS : 952 SAINT ANDREWS CIRCLE
01 CITY : GENEVA
STATE/ZIP : IL 60134
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.88888
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,000.00
P & I AMT: 10,010.16
UPB AMT: 1,421,740.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031619968 MORTGAGORS: STARR DAVID
STARR ALISON
REGION CODE ADDRESS : 1229 ECHO SUMMIT STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 258,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,737.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.97400
----------------------------------------------------------------
0 0031620867 MORTGAGORS: FEIFKE CAROLE
FEIFKE DEREK
REGION CODE ADDRESS : 17 BURROUGHS ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.95600
----------------------------------------------------------------
0 0031621717 MORTGAGORS: MARTINDALE BILLY
REGION CODE ADDRESS : 845 THOMPSON ROAD
01 CITY : LITHIA
STATE/ZIP : FL 33547
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.52400
----------------------------------------------------------------
0 0031621741 MORTGAGORS: SHKOLNIKOV VALENTINA
SHKOLNIKOV MIKHAIL
REGION CODE ADDRESS : 1004 HYDE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,778.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.02800
----------------------------------------------------------------
0 0031621915 MORTGAGORS: VANCE TALMAGE
REGION CODE ADDRESS : 8749 DOUBLE EAGLE DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 368,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,289.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,500.00
P & I AMT: 10,809.22
UPB AMT: 1,558,605.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031621949 MORTGAGORS: RYAN ROBERT
RYAN BARBARA
REGION CODE ADDRESS : 1501 ORCHARD ROAD
01 CITY : GARDNERVILLE
STATE/ZIP : NV 89410
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,293.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.47800
----------------------------------------------------------------
0 0031622004 MORTGAGORS: MCILVAIN PATRICK
WARD STEPHANIE
REGION CODE ADDRESS : 1714 SOUTH OLA VISTA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 267,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,086.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031622079 MORTGAGORS: KIMBALL ROBERT
REGION CODE ADDRESS : 1767 COYOTE ROAD
01 CITY : GARDNERVILLE
STATE/ZIP : NV 89410
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,993.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031624018 MORTGAGORS: JOHNSON CARVON
JOHNSON ROBYN
REGION CODE ADDRESS : 4 MANOR ROAD
01 CITY : NEWTON
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 268,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,405.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031625809 MORTGAGORS: HERCUS MARK
HERCUS BETTY
REGION CODE ADDRESS : 156 RIVO ALTO CANAL
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 361,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.47663
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,600.00
P & I AMT: 9,821.82
UPB AMT: 1,438,778.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031625890 MORTGAGORS: BURKE DANNY
BURKE LESLIE
REGION CODE ADDRESS : 1019 HOLLYBURNE AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.14200
----------------------------------------------------------------
0 0031625916 MORTGAGORS: GILDEN BRADLEY
GILDEN SHERRY
REGION CODE ADDRESS : 640 SOUTHEAST 10TH STREET
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031626211 MORTGAGORS: BUONAUGURIO JOHN
BUONAUGURIO KATHLEEN
REGION CODE ADDRESS : 8 NIGHT HERON ROAD
01 CITY : EDGARTOWN
STATE/ZIP : MA 02539
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 690.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.39300
----------------------------------------------------------------
0 0031626294 MORTGAGORS: BRANDON BEVERLY
REGION CODE ADDRESS : 2709 MEANDER CIRCLE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 125,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 899.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.09000
----------------------------------------------------------------
0 0031626336 MORTGAGORS: PARTIN JAMES
PARTIN ISABEL
REGION CODE ADDRESS : 64 CORTLAND DRIVE
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 305,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,057,500.00
P & I AMT: 7,196.52
UPB AMT: 1,057,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070004098 MORTGAGORS: VENCKUS VITAS
VENCKUS CARON
REGION CODE ADDRESS : 6768 FERNHILL DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,705.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.29730
----------------------------------------------------------------
0 0070005707 MORTGAGORS: DOOLEY JOHN
DOOLEY FRANCES
REGION CODE ADDRESS : 454 OCEAN FRONTSTREET
01 CITY : LONG BEACH
STATE/ZIP : NY 11561
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0070033535 MORTGAGORS: DURST ROBERT
DURST DIANNA
REGION CODE ADDRESS : 2131 SONSTROM DRIVE
01 CITY : ANCHORAGE
STATE/ZIP : AK 99517
MORTGAGE AMOUNT : 388,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,829.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.03861
----------------------------------------------------------------
0 0070043302 MORTGAGORS: STERNS CHRISTINE
STERNS JOHN
REGION CODE ADDRESS : 101 HAMPSHIRE ROAD
01 CITY : ROCKVILLE C
STATE/ZIP : NY 11570
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070044011 MORTGAGORS: GREEN GARY
COX MARIA
REGION CODE ADDRESS : 30611 SICOMORO DR
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 418,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,181.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,890.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.73214
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,717,200.00
P & I AMT: 11,940.54
UPB AMT: 1,715,517.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070044177 MORTGAGORS: GOLDBAUM STEPHEN
SHAPIRO JUNE
REGION CODE ADDRESS : 95 ARGYLE ROAD
01 CITY : BROOKLYN
STATE/ZIP : NY 11218
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,797.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.92958
----------------------------------------------------------------
0 0070048137 MORTGAGORS: GAZ ROMAN
GAZ TANYA
REGION CODE ADDRESS : 1099 E 18TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11230
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,583.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.77632
----------------------------------------------------------------
0 0070048152 MORTGAGORS: RAMIREZ JACK
RAMIREZ CAROL
REGION CODE ADDRESS : 2061 NORWICH COURT
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.45946
----------------------------------------------------------------
0 0070049259 MORTGAGORS: DAVIS EDWARD
DAVIS JILL
REGION CODE ADDRESS : 15430 LA ARBOLEDA WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0070049606 MORTGAGORS: BALTERA RAMON
BALTERA SANDRA
REGION CODE ADDRESS : 17850 LANESBORO COURT
01 CITY : LAKEVILLE
STATE/ZIP : MN 55044
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,712.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,150.00
P & I AMT: 9,831.87
UPB AMT: 1,434,093.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070049739 MORTGAGORS: NEFF ROBERT
NEFF NANCY
REGION CODE ADDRESS : 3150 EMERSON STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 275,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,523.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.25610
----------------------------------------------------------------
0 0070051420 MORTGAGORS: HENDERSON WALLACE
REGION CODE ADDRESS : 425 CONIFER ROAD
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 313,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,017.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.31250
----------------------------------------------------------------
0 0070051669 MORTGAGORS: HENRY TYSON
HENRY LAURI
REGION CODE ADDRESS : 11940 DUSTY ROSE ROAD NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 269,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,189.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.25000
----------------------------------------------------------------
0 0070053541 MORTGAGORS: GUTZMER DAVID
GUTZMER JANET
REGION CODE ADDRESS : 208 SOUTH PARKWAY
01 CITY : PROSPECT HE
STATE/ZIP : IL 60070
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.44444
----------------------------------------------------------------
0 0070057914 MORTGAGORS: GENESEN MARK
GENESEN LEIGH
REGION CODE ADDRESS : 22 VISTA DE LA MONTANA
01 CITY : PLACITAS
STATE/ZIP : NM 87043
MORTGAGE AMOUNT : 306,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.08673
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,454,550.00
P & I AMT: 9,929.43
UPB AMT: 1,452,831.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070058508 MORTGAGORS: VERPLANKE DONALD
VERPLANKE FIROOZEH
REGION CODE ADDRESS : 923 CELIA WAY
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,189.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.08889
----------------------------------------------------------------
0 0070058813 MORTGAGORS: CARLSON ROLLAND
CARLSON LORRY
REGION CODE ADDRESS : 345 NORTH VALLEY ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 265,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.44706
----------------------------------------------------------------
0 0070060173 MORTGAGORS: ESPARZA CECILIA
ESPARZA DAVID
REGION CODE ADDRESS : 2346 SANTA CRUZ COURT
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,451.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.63158
----------------------------------------------------------------
0 0070060355 MORTGAGORS: GEOGHEGAN MICHAEL
GEOGHEGAN KATHERINE
REGION CODE ADDRESS : 40 MENDOTA AVE
01 CITY : RYE
STATE/ZIP : NY 10580
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,587.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.74141
----------------------------------------------------------------
0 0070060728 MORTGAGORS: GOLDSTEIN MARTIN
GOLDSTEIN MISHEL
REGION CODE ADDRESS : 6 WEATHERVANE ROAD
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 368,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.10435
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,600.00
P & I AMT: 10,635.25
UPB AMT: 1,551,228.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070061346 MORTGAGORS: CRABTREE TIMOTHY
CRABTREE GAIL
REGION CODE ADDRESS : 5519 PASEO GILBERTO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,888.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.72727
----------------------------------------------------------------
0 0070063391 MORTGAGORS: BERNSTEIN BRUCE
BERNSTEIN SHERYL
REGION CODE ADDRESS : 136 NORTH MAIN STREET
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 292,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,647.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,287.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.83871
----------------------------------------------------------------
0 0070063805 MORTGAGORS: MEGHROUNI BR JEFFREY
MEGHROUNI BR ANDREA
REGION CODE ADDRESS : 2833 WEBSTER STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,700.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
0 0070065032 MORTGAGORS: FINKER MARVIN
FINKER SARALYN
REGION CODE ADDRESS : 7 VILLAGE GREEN
01 CITY : WESLEY HILL
STATE/ZIP : NY 10952
MORTGAGE AMOUNT : 356,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.24444
----------------------------------------------------------------
0 0070068374 MORTGAGORS: LACERTOSA JOSEPH
LACERTOSA LUBA
REGION CODE ADDRESS : 58-01 215TH STREET
01 CITY : BAYSIDE
STATE/ZIP : NY 11364
MORTGAGE AMOUNT : 262,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,040.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.59677
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,579,650.00
P & I AMT: 10,936.48
UPB AMT: 1,574,876.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070068465 MORTGAGORS: TEUTSCH STANLEY
TEUTSCH TERI
REGION CODE ADDRESS : 9420 WOODNEY PLAZA
01 CITY : OMAHA
STATE/ZIP : NE 68122
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,926.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,675.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.65625
----------------------------------------------------------------
0 0070070263 MORTGAGORS: WATSON JERE
SNEED MARION
REGION CODE ADDRESS : 4218 BEACON PLACE
01 CITY : BYRON AREA
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,304.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.80000
----------------------------------------------------------------
0 0070070313 MORTGAGORS: ROY KEVIN
ROY JILL
REGION CODE ADDRESS : 4925 BELLE CHASE DRIVE
01 CITY : BEAUMONT
STATE/ZIP : TX 77706
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.53659
----------------------------------------------------------------
0 0070070917 MORTGAGORS: NIZAMUDDIN RAHIL
NIZAMUDDIN KATHRYN
REGION CODE ADDRESS : 60 PEMBROKE ST
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 248,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,906.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.69767
----------------------------------------------------------------
0 0070071154 MORTGAGORS: SAMUELSON JOHN
SAMUELSON LINDA
REGION CODE ADDRESS : 6135 GARLOCK WAY
01 CITY : COLORADO SP
STATE/ZIP : CO 80918
MORTGAGE AMOUNT : 289,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,024.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.72414
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,850.00
P & I AMT: 10,686.99
UPB AMT: 1,488,162.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070075726 MORTGAGORS: MCINDOE DARRELL
REGION CODE ADDRESS : 15510 FOXPAW TRAIL
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 625,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,158.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0070078571 MORTGAGORS: MALFETTONE JOHN
REGION CODE ADDRESS : 21 TUCKAHOE ROAD
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 473,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,111.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,150.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.99187
----------------------------------------------------------------
0 0070079124 MORTGAGORS: MC VEIGH MICHAEL
MC VEIGH CAROL
REGION CODE ADDRESS : 17 KARA EAST
01 CITY : IRVINE
STATE/ZIP : CA 92720
MORTGAGE AMOUNT : 233,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.35714
----------------------------------------------------------------
0 0070079546 MORTGAGORS: POLAND GREGORY
POLAND LAURY
REGION CODE ADDRESS : 141 HAWTHORNE DRIVE
01 CITY : HERSHEY
STATE/ZIP : PA 17033
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,606.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070079892 MORTGAGORS: MORRIS DARREN
MORRIS GAIL
REGION CODE ADDRESS : 1232 ADAMS MOUNTAIN ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27614
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,100.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.75325
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,835,000.00
P & I AMT: 12,352.90
UPB AMT: 1,834,219.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070082052 MORTGAGORS: CADITZ EARL
LANG CADITZ CINDY
REGION CODE ADDRESS : 3719 234TH AVENUE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 465,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,607.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.50000
----------------------------------------------------------------
0 0070083217 MORTGAGORS: SCHWEM KURT
SCHWEM GLENDA
REGION CODE ADDRESS : 40925 ABUELO WAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 499,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,224.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,365.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.69697
----------------------------------------------------------------
0 0070086376 MORTGAGORS: INGHER LOMBI CAROL
LOMBINO KENNETH
REGION CODE ADDRESS : 996 ROCKRIMMON ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070087721 MORTGAGORS: CAMPBELL KEVIN
CAMPBELL ELIZABETH
REGION CODE ADDRESS : 2 LYNBROOK COURT
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.43750
----------------------------------------------------------------
0 0070093877 MORTGAGORS: MOLINA GILBERTO
MOLINA LESLIE
REGION CODE ADDRESS : 1564 PARTRIDGE COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.37838
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,736,100.00
P & I AMT: 12,214.05
UPB AMT: 1,733,724.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070094727 MORTGAGORS: ABATE ALFRED
REGION CODE ADDRESS : 18 PATRICIA LANE
01 CITY : COS COB
STATE/ZIP : CT 06807
MORTGAGE AMOUNT : 402,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,815.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.80041
----------------------------------------------------------------
0 0070096854 MORTGAGORS: FERNANDEZ JOSE
FERNANDEZ NORMA
REGION CODE ADDRESS : 5 WHITE BUCK RUN
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,014.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070097332 MORTGAGORS: ANDERSEN MARK
ANDERSEN CAROL
REGION CODE ADDRESS : 126 HOLMES ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.20725
----------------------------------------------------------------
0 0070098942 MORTGAGORS: SINCLAIR ROBERT
SINCLAIR ANNE
REGION CODE ADDRESS : 1025 NORTH ONTARE ROAD
01 CITY : SANTA BARBA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 297,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,162.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.63964
----------------------------------------------------------------
0 0070099221 MORTGAGORS: DUNN DOUGLAS
DUNN BRENDA
REGION CODE ADDRESS : 2707 EAST AMBERWOOD DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.42857
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,400.00
P & I AMT: 11,854.36
UPB AMT: 1,651,876.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070099676 MORTGAGORS: GRISWOLD DAVID
GRISWOLD DEBBIE
REGION CODE ADDRESS : 2602 COPPER HILL ROAD
01 CITY : HERNDON
STATE/ZIP : VA 22071
MORTGAGE AMOUNT : 197,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,364.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.76923
----------------------------------------------------------------
0 0070103528 MORTGAGORS: ECKSTEIN ERIC
ECKSTEIN TINA
REGION CODE ADDRESS : 5558 ADELINA COURT
01 CITY : AGOURA HILL
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,763.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070104906 MORTGAGORS: DUTRA LORRAINE
FERNANDEZ NESTOR
REGION CODE ADDRESS : 994 996 GOODWIN AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 285,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,746.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.45000
----------------------------------------------------------------
0 0070105473 MORTGAGORS: RUSSIKOFF LANNY
RUSSIKOFF KAREN
REGION CODE ADDRESS : 2312 TRICKLING CREEK DRIVE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.37705
----------------------------------------------------------------
0 0070106067 MORTGAGORS: PENTZ ROBERT
PENTZ SUSAN
REGION CODE ADDRESS : 3528 PINE AVENUE
01 CITY : MANHATTAN B
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,449.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,600.00
P & I AMT: 9,830.28
UPB AMT: 1,417,758.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070107016 MORTGAGORS: KOZLOVSKY WILLIAM
KOZLOVSKY YVONNE
REGION CODE ADDRESS : 3585 COUR DU VIN
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,769.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.70130
----------------------------------------------------------------
0 0070111604 MORTGAGORS: HAGERTY ROBERT
HAGERTY PRISCILLA
REGION CODE ADDRESS : 450 EAST 2ND STREET
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 231,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,528.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.75000
----------------------------------------------------------------
0 0070112768 MORTGAGORS: GRENARD JERRY
GRENARD BRENDA
REGION CODE ADDRESS : 1990 POLARIS DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 343,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,361.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.96552
----------------------------------------------------------------
0 0070114889 MORTGAGORS: RUHLANDER BARRY
RUHLANDER DIANE
REGION CODE ADDRESS : 8480 SOUTH TOP OF THE
01 CITY : SALT LAKE C
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.51613
----------------------------------------------------------------
0 0070115415 MORTGAGORS: JONES DONNA
REGION CODE ADDRESS : 36521 BUTTERFLY PEAK ROAD
01 CITY : MOUNTAIN CE
STATE/ZIP : CA 92561
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,497.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.81720
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,700.00
P & I AMT: 9,628.18
UPB AMT: 1,376,656.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070116280 MORTGAGORS: MARSDALE DEBRA
REGION CODE ADDRESS : 17 PHEASANT DRIVE
01 CITY : MOUNT LAURE
STATE/ZIP : NJ 08054
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.80488
----------------------------------------------------------------
0 0070117684 MORTGAGORS: CROCKER CHESTER
CROCKER SAONE
REGION CODE ADDRESS : 39 PENNSYLVANIA AVENUE
01 CITY : REHOBOTH BE
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070119847 MORTGAGORS: REITER RONALD
REITER DIANNE
REGION CODE ADDRESS : 17930 BLUE HERON DRIVE
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0070122619 MORTGAGORS: SCHILLING ALBERT
SCHILLING VICTORIA
REGION CODE ADDRESS : 242 MAIN ST UNIT 3
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.29978
----------------------------------------------------------------
0 0070123781 MORTGAGORS: STENSBY JOEL
STENSBY DANINE
REGION CODE ADDRESS : 6139 WEST 74TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 434,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,172.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.92727
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,300.00
P & I AMT: 12,017.11
UPB AMT: 1,686,773.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070125711 MORTGAGORS: SHIELD TIMOTHY
SHIELD SYLVIA
REGION CODE ADDRESS : 17031 APRIL LANE
01 CITY : SANTA PAULA
STATE/ZIP : CA 93060
MORTGAGE AMOUNT : 280,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,120.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.01587
----------------------------------------------------------------
0 0070126610 MORTGAGORS: SINGH NAND
REGION CODE ADDRESS : 3 WITHERS WAY
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.55556
----------------------------------------------------------------
0 0070127378 MORTGAGORS: EGGLESTON ROD
EGGLESTON WENDY
REGION CODE ADDRESS : 212 VIA EBOLI
01 CITY : NEWPORT BEA
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 489,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,127.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.69841
----------------------------------------------------------------
0 0070130307 MORTGAGORS: LODGE TED
LODGE SARAH
REGION CODE ADDRESS : 9159 GREEN TREE ROAD
01 CITY : PHILADELPHI
STATE/ZIP : PA 19118
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0070131800 MORTGAGORS: FRANK JONATHAN
RAPPAPORT LYNNE
REGION CODE ADDRESS : 2514 30TH AVE
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,300.00
P & I AMT: 11,182.58
UPB AMT: 1,609,449.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070131891 MORTGAGORS: MEHREN II EDWARD
MEHREN ANN
REGION CODE ADDRESS : 215 N NORTON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 501,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,462.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.72059
----------------------------------------------------------------
0 0070133236 MORTGAGORS: ATKINSON OBBIE
ATKINSON LANA
REGION CODE ADDRESS : 3255 CLOUDY MEADOW ROAD
01 CITY : TEMPLETON
STATE/ZIP : CA 93465
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 26.85285
----------------------------------------------------------------
0 0070133988 MORTGAGORS: GOWETT RODNEY
GOWETT MELINDA
REGION CODE ADDRESS : 2470 HUSTON COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.15152
----------------------------------------------------------------
0 0070134184 MORTGAGORS: YODER JAMES
YODER PAMELA
REGION CODE ADDRESS : 14308 DUNWOOD VALLEY DRIVE
01 CITY : MITCHELLVIL
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,825.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.75542
----------------------------------------------------------------
0 0070135843 MORTGAGORS: ROBBINS PATRICIA
SCHWERIN JAMES
REGION CODE ADDRESS : 1511 WOOD AVENUE
01 CITY : COLORADO SP
STATE/ZIP : CO 80907
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.84615
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,300.00
P & I AMT: 10,532.05
UPB AMT: 1,474,125.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070137443 MORTGAGORS: GILMORE MICHAEL
GILMORE DANIELLE
REGION CODE ADDRESS : 25950 WEST FRANKLIN LANE
01 CITY : STEVENSON R
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 243,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,614.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.66357
----------------------------------------------------------------
0 0070139332 MORTGAGORS: PARRISH LEONARD
PARRISH MARY
REGION CODE ADDRESS : 1101 SOUTHAMPTON ROAD
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 37.69355
----------------------------------------------------------------
0 0070145271 MORTGAGORS: RESNICK ROBERT
RESNICK MELISSA
REGION CODE ADDRESS : 5200 MARMOL DR
01 CITY : WOODLAND HI
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 291,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,616.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.91954
----------------------------------------------------------------
0 0070146139 MORTGAGORS: MELLEN CHRISTOPHE
MELLEN ELAINE
REGION CODE ADDRESS : 353 WEST ST
01 CITY : DEDHAM
STATE/ZIP : MA 02026
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.63717
----------------------------------------------------------------
0 0070146766 MORTGAGORS: RODRIGUEZ ROBERT
KOERBER NORA
REGION CODE ADDRESS : 2408 PALOMA STREET
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,186.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.60563
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,600.00
P & I AMT: 9,773.91
UPB AMT: 1,398,118.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070146899 MORTGAGORS: PARRIS GREG
PARRIS KATHLEEN
REGION CODE ADDRESS : 13611 CARROLL WAY
01 CITY : TUSTIN
STATE/ZIP : CA 92780
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.76978
----------------------------------------------------------------
0 0070148960 MORTGAGORS: WYNDHAM ROBERT
WYNDHAM DENISE
REGION CODE ADDRESS : 2279 CAPTAIN WARING COURT
01 CITY : MOUNT PLEAS
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.36508
----------------------------------------------------------------
0 0070149729 MORTGAGORS: MOUSTAFA FAROUK
MOUSTAFA FATMA
REGION CODE ADDRESS : 6 WALNUT COURT
01 CITY : WEST WINDSO
STATE/ZIP : NJ 08550
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070151097 MORTGAGORS: SMITH GREGORY
SMITH CYNTHIA
REGION CODE ADDRESS : 1575 INVERNESS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,306.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.25926
----------------------------------------------------------------
0 0070158316 MORTGAGORS: RUDDEN JON
RUDDEN JANICE
REGION CODE ADDRESS : 123 CAVENDER LANE
01 CITY : LANDENBERG
STATE/ZIP : PA 19350
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.30159
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,500.00
P & I AMT: 9,653.58
UPB AMT: 1,374,306.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070163068 MORTGAGORS: NEWMAN STEVE
REGION CODE ADDRESS : 8200 ST HELENA ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 245,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.13235
----------------------------------------------------------------
0 0070163142 MORTGAGORS: BOWN JEROME
BOWN ROSEMARY
REGION CODE ADDRESS : 21020 EAGLES NEST DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 239,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.27746
----------------------------------------------------------------
0 0070163241 MORTGAGORS: INGRAM JAMES
INGRAM MARY
REGION CODE ADDRESS : 454 LANTERNBACK ISLAND DRI
01 CITY : SATELLITE B
STATE/ZIP : FL 32937
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.65217
----------------------------------------------------------------
0 0070164462 MORTGAGORS: MENDEZ JOSE
MENDEZ KAREN
REGION CODE ADDRESS : 2314 COACH ROAD
01 CITY : LONG GROVE
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070167952 MORTGAGORS: HARKINS KIRK
HARKINS DIANA
REGION CODE ADDRESS : 38 CALLE CABRILLO
01 CITY : FOOTHILL RA
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.70414
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,450.00
P & I AMT: 10,913.81
UPB AMT: 1,576,950.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070172341 MORTGAGORS: EICHHORN ERIC
EICHHORN JANET
REGION CODE ADDRESS : 3815 WALT MILL COURT
01 CITY : ELLICOTT CI
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.70588
----------------------------------------------------------------
0 0070174321 MORTGAGORS: GOLD BARRY
REGION CODE ADDRESS : 2589 BASIL LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,797.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.86835
----------------------------------------------------------------
0 0070175898 MORTGAGORS: JACOBSON DAVID
JACOBSON SUSANNAH
REGION CODE ADDRESS : 9504 GOLDEN HILLS CIRCLE
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.35849
----------------------------------------------------------------
0 0070175922 MORTGAGORS: GENTILE MARK
GENTILE MEGGAN
REGION CODE ADDRESS : 50 BROOKMERE DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070176748 MORTGAGORS: MORELAND RONALD
REGION CODE ADDRESS : 25 CRESTVIEW
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 243,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,264.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.95690
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,250.00
P & I AMT: 8,985.96
UPB AMT: 1,306,862.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070182621 MORTGAGORS: ZUCKERMAN KENNETH
ZUCKERMAN AMY
REGION CODE ADDRESS : 4 HEARTHSTONE WAY
01 CITY : MONTVALE
STATE/ZIP : NJ 07645
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,534.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.81081
----------------------------------------------------------------
0 0070187430 MORTGAGORS: COLETTA DAVID
COLETTA JANE
REGION CODE ADDRESS : 5560 EMERYWOOD DRIVE
01 CITY : Buena Park
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,138.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.61000
----------------------------------------------------------------
0 0070187844 MORTGAGORS: HAMILTON DAVID
HAMILTON NINA
REGION CODE ADDRESS : 18122 BLUE RIDGE DRIVE
01 CITY : Santa Ana
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,192.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070189279 MORTGAGORS: KOZEL THOMAS
KOZEL MICHELLE
REGION CODE ADDRESS : 7365 TULIPWOOD CIRCLE
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 247,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070189543 MORTGAGORS: DE SILVA KANTHI
REGION CODE ADDRESS : 4951 RUPERT LN
01 CITY : La Canada Flintridge
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.67000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,750.00
P & I AMT: 9,389.33
UPB AMT: 1,365,073.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070199104 MORTGAGORS: PUCCI JOSEPH
LIEBERSON DARA
REGION CODE ADDRESS : 9 HICKORY HILL ROAD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.96382
----------------------------------------------------------------
0 0070201769 MORTGAGORS: VOLKEN BRIAN
REGION CODE ADDRESS : 26576 SIERRA VISTA
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 266,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
0 0070203245 MORTGAGORS: WONG PETER
CARTER NIISA
REGION CODE ADDRESS : 225 FOX SPARROW LANE
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 297,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99774
----------------------------------------------------------------
0 0070212535 MORTGAGORS: MIHALY STEPHEN
MIHALY AGNES
REGION CODE ADDRESS : 3136 DONA MARTA DRIVE
01 CITY : Studio City
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,671.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,090.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.23000
----------------------------------------------------------------
0 0070212832 MORTGAGORS: TONG HOMER
TONG JOANNE
REGION CODE ADDRESS : 22339 MCCLELLAN RD
01 CITY : Cupertino
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,509.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.11000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,910,750.00
P & I AMT: 13,239.09
UPB AMT: 1,910,421.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070214135 MORTGAGORS: JOHNSTON THOMAS
JOHNSTON DEBORAH
REGION CODE ADDRESS : 3107 RANDICK COURT
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070214192 MORTGAGORS: FURTADO JOSEPH
FURTADO HILDA
REGION CODE ADDRESS : 388 SEA WOLF WAY
01 CITY : Livermore
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 288,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 55.04000
----------------------------------------------------------------
0 0070214655 MORTGAGORS: CRAWFORD STUART
CRAWFORD BARBARA
REGION CODE ADDRESS : 141 ST. JAMES DRIVE
01 CITY : Piedmont
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 489,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,557.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,090.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 70.97000
----------------------------------------------------------------
0 0070214721 MORTGAGORS: CHUN DALE
CHUN YOONEE
REGION CODE ADDRESS : 1337 BEDFORD STREET
01 CITY : Fremont
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.33000
----------------------------------------------------------------
0 0070216205 MORTGAGORS: RAUSCH JACOB
RAUSCH JEANETTE
REGION CODE ADDRESS : 2444 CALLE AQUAMARINA
01 CITY : San Clemente
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,717.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.67000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,743,950.00
P & I AMT: 11,607.62
UPB AMT: 1,743,037.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 329
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070217344 MORTGAGORS: WATTS DANIEL
O'BRIEN MAUREEN
REGION CODE ADDRESS : 1018 NORTH ASHLAND
01 CITY : RIVER FORES
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.64179
----------------------------------------------------------------
0 0070218607 MORTGAGORS: SECARD LAURIE
REGION CODE ADDRESS : 19311 SURFVIEW DRIVE
01 CITY : Huntington Beach
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070219191 MORTGAGORS: PRASAD VIJEND
PRASAD NIRMALA
REGION CODE ADDRESS : 5220 S CHARITON AVENUE
01 CITY : Los Angeles
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 360,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0070219324 MORTGAGORS: BREWSTER RICK
REGION CODE ADDRESS : 1513 FLAMINGO WAY
01 CITY : Sunnyvale
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 305,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,011.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.27000
----------------------------------------------------------------
0 0070219332 MORTGAGORS: HOVEY RANDY
HOVEY NANCY
REGION CODE ADDRESS : 11362 DAVENPORT ROAD
01 CITY : Los Alamitos
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.65000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,674,750.00
P & I AMT: 11,488.11
UPB AMT: 1,674,315.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 330
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070219464 MORTGAGORS: SANGARI JOSEPH
REGION CODE ADDRESS : 7178 CALCATERRA DRIVE
01 CITY : San Jose
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,754.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 40.27000
----------------------------------------------------------------
0 0070219522 MORTGAGORS: VECCHIET ANTONIO
VECCHIET JEAN
REGION CODE ADDRESS : 1780 WENRICK COURT
01 CITY : Los Altos
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,692.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.40000
----------------------------------------------------------------
0 0070219597 MORTGAGORS: HUI JAMES
HUI MAY
REGION CODE ADDRESS : 2268 N. SAN MIGUEL DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,599.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.14000
----------------------------------------------------------------
0 0070219688 MORTGAGORS: EDELMAN DAVID
EDELMAN HEIDI
REGION CODE ADDRESS : 22 FERN STREET
01 CITY : WOODCLIFF L
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.98039
----------------------------------------------------------------
0 0070219860 MORTGAGORS: COPELAND JAMES
COPELAND KOBI
REGION CODE ADDRESS : 1754 GRANGER AVENUE
01 CITY : Los Altos
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 362,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.66000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,730,500.00
P & I AMT: 12,174.32
UPB AMT: 1,729,546.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 331
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070219878 MORTGAGORS: MINDLIN ANDREW
KIRLEIS KIRSTEN
REGION CODE ADDRESS : 5871 MIDWAY DRIVE
01 CITY : Huntington Beach
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,236.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0070223300 MORTGAGORS: REEDY MARK
REEDY KAREN
REGION CODE ADDRESS : 4384 Clovewood Lane
01 CITY : Pleasanton
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,392.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070223375 MORTGAGORS: SANDERS THOMAS
SANDERS FRANCELIA
REGION CODE ADDRESS : 200 HARBOR DRIVE
01 CITY : San Diego
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070224027 MORTGAGORS: HICKMAN ROGER
SABIN PAULA
REGION CODE ADDRESS : 15271 MOULINS CIRCLE
01 CITY : Irvine
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.42000
----------------------------------------------------------------
0 0070224530 MORTGAGORS: GRIFFIN FRANCES
REGION CODE ADDRESS : 2240 FOOTHILL BOULEVARD
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.71000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,100.00
P & I AMT: 10,967.52
UPB AMT: 1,607,158.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 332
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070224548 MORTGAGORS: CLAYTON CARY
CLAYTON MARY
REGION CODE ADDRESS : 124 124.5 OPAL AVENUE
01 CITY : Newport Beach
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,061.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,837.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070226667 MORTGAGORS: WILLS JOHN
WILLS LEEZA
REGION CODE ADDRESS : 3079 ROANOKE LANE
01 CITY : Costa Mesa
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0070226717 MORTGAGORS: REYHAN FREDERICK
REYHAN ANNE
REGION CODE ADDRESS : 946 SUNNYHILL PLACE
01 CITY : Diamond Bar
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,678.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070228523 MORTGAGORS: LOREEN ROBERT
LOREEN WENDY
REGION CODE ADDRESS : 25615 PACIFIC HILLS DRIVE
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,698.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,735.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070232731 MORTGAGORS: CARTER RANDOLPH
SCHNELLE-CARTER CHRISTINE
REGION CODE ADDRESS : 1 CREST DR
01 CITY : TARRYTOWN
STATE/ZIP : NY 10591
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,737,500.00
P & I AMT: 12,073.41
UPB AMT: 1,736,438.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981130 00 01
PAGE: 333
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070240163 MORTGAGORS: ZUMBERGE CHRISTOPHER
ZUMBERGE KELLY
REGION CODE ADDRESS : 11652 NEWPORT AVENUE
01 CITY : Santa Ana
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.94000
----------------------------------------------------------------
0 0070248117 MORTGAGORS: CHAN KINGSTON
CHAN BARBARA
REGION CODE ADDRESS : 2655 WASHINGTON BLVD.
01 CITY : Fremont
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.13000
----------------------------------------------------------------
0 0070258710 MORTGAGORS: MCNEIL RICHARD
MCNEIL LISA
REGION CODE ADDRESS : 7750 CASTILIAN ROAD
01 CITY : Dublin
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 3
LOAN AMT: 798,500.00
P & I AMT: 5,379.64
UPB AMT: 798,500.00
0 TOTAL NUM OF LOANS: 1663
LOAN AMT: 518,531,261.72
P & I AMT: 3,601,336.55
UPB AMT: 517,803,572.60
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671449 MORTGAGORS: HARRIS ROBERT
REGION CODE ADDRESS : 1630-C 19TH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20009
MORTGAGE AMOUNT : 383,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,629.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672264 MORTGAGORS: JERDE DARIN
TOPPEN-JERDE ALISON
REGION CODE ADDRESS : 6127 SOUTH MOLINE COURT
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,604.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.07200
----------------------------------------------------------------
0 0007672454 MORTGAGORS: BOLLES DONALD
BOLLES SHARON
REGION CODE ADDRESS : 10150 SOUTH COTTON CREEK DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,448.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.73684
----------------------------------------------------------------
0 0007672512 MORTGAGORS: HENDRICKSON THOMAS
HENDRICKSON GAYLE
REGION CODE ADDRESS : 16234 SANDSTONE DRIVE
01 CITY : MORRISON
STATE/ZIP : CO 80465
MORTGAGE AMOUNT : 605,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 604,252.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,128.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0007675697 MORTGAGORS: CAPSTICK ROBERT
CAPSTICK CARLA
REGION CODE ADDRESS : 5507 SOUTH JASPER WAY
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,200.00
P & I AMT: 12,073.76
UPB AMT: 1,748,726.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675986 MORTGAGORS: BRONN DAVID
REGION CODE ADDRESS : 0606 KAIBAB ROAD
01 CITY : EAGLE
STATE/ZIP : CO 81631
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030561658 MORTGAGORS: STEINBAUGH JOHN
STEINBAUGH KATHY
REGION CODE ADDRESS : 1075 LINDEN AVENUE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 496,563.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,617.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,760.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 56.10800
----------------------------------------------------------------
0 0030774004 MORTGAGORS: STRAUS ROBERT
STRAUS FRANCESCA
REGION CODE ADDRESS : 7661 SOUTH GRAPE STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,694.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 79.90580
----------------------------------------------------------------
0 0030844377 MORTGAGORS: MC DUFFEY MICHAEL
MC DUFFEY ESZEAN
REGION CODE ADDRESS : 267 BOZEMAN ROAD
01 CITY : MADISON
STATE/ZIP : MS 39110
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,014.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030884092 MORTGAGORS: HASSELMO NILS
HASSELMO PATRICIA
REGION CODE ADDRESS : 2127 SHERWOOD LANE
01 CITY : MINNETONKA
STATE/ZIP : MN 55305
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,277.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,700,663.00
P & I AMT: 12,469.45
UPB AMT: 1,690,411.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030884407 MORTGAGORS: MCCLARNON CAROL
REGION CODE ADDRESS : 2601 MIDWAY STREET
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 227,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,153.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030900245 MORTGAGORS: BROTHERS PETER
BROTHERS NANCY
REGION CODE ADDRESS : 1503 VALLEY ROAD
01 CITY : LONG HILL
STATE/ZIP : NJ 07933
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,760.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030924484 MORTGAGORS: MARKWARDT WILLIAM
REGION CODE ADDRESS : 619 TERN ARCH
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030951487 MORTGAGORS: GARRETT STEPHEN
GARRETT ELIZABETH
REGION CODE ADDRESS : 11 DELLWOOD DRIVE
01 CITY : FLORHAM PARK
STATE/ZIP : NJ 07932
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,975.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957336 MORTGAGORS: MEYERS WALTER
MEYERS DEBORAH
REGION CODE ADDRESS : 2921 THOMAS SMITH LANE
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 383,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,458.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,783.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.55300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,950.00
P & I AMT: 11,414.51
UPB AMT: 1,558,348.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969018 MORTGAGORS: GOSAVI HEMANT
CHAFEKAR VEENA
REGION CODE ADDRESS : 22 FRANKLIN DRIVE
01 CITY : BERNARDS TWP.
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,704.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030998447 MORTGAGORS: TORRENCE T
TORRENCE WENDY
REGION CODE ADDRESS : 15017 LAKE PRETTY DRIVE
01 CITY : ODESSA
STATE/ZIP : FL 33556
MORTGAGE AMOUNT : 442,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,206.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
0 0031040322 MORTGAGORS: SCALF ROBERT
SCALF CYNTHIA
REGION CODE ADDRESS : 2914 PHILLIPS ROAD
01 CITY : HAINSPORT
STATE/ZIP : NJ 08060
MORTGAGE AMOUNT : 229,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,340.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 92.37900
----------------------------------------------------------------
0 0031042088 MORTGAGORS: IOVINE PATSY
IOVINE KATHLEEN
REGION CODE ADDRESS : 4 SHORT COURT
01 CITY : NESCONSETT
STATE/ZIP : NY 11767
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,641.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,232.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.96296
----------------------------------------------------------------
0 0031061823 MORTGAGORS: ROSOFF JEFFREY
ROSOFF KATHRYN
REGION CODE ADDRESS : BOX 193 A AVERY ROAD
01 CITY : GARRISON
STATE/ZIP : NY 10524
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,461.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.91666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,350.00
P & I AMT: 11,107.45
UPB AMT: 1,476,398.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063522 MORTGAGORS: BRETT CHARLES
BRETT CONSTANCE
REGION CODE ADDRESS : 5980 OLD RANCH ROAD
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80908
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,348.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.30939
----------------------------------------------------------------
0 0031063597 MORTGAGORS: GOBLE DANA
REGION CODE ADDRESS : 1701 BRIAROAKS DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,695.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99357
----------------------------------------------------------------
0 0031064579 MORTGAGORS: KLIMA JAMES
KLIMA MARYANNE
REGION CODE ADDRESS : 3803 PEACE PIPE COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 248,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,979.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.37699
----------------------------------------------------------------
0 0031066897 MORTGAGORS: BRUCE JAMES
REGION CODE ADDRESS : 1025 KELLY ROAD
01 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 289,832.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,616.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.83900
----------------------------------------------------------------
0 0031077605 MORTGAGORS: DIEM JEFFREY
DIEM STACEY
REGION CODE ADDRESS : 282 WEST SYLVESTOR PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,757.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,257,782.00
P & I AMT: 8,941.82
UPB AMT: 1,251,396.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031087620 MORTGAGORS: LAMB JUDITH
REGION CODE ADDRESS : 221 COLUMBUS AVENUE UNIT #401
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,436.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.78787
----------------------------------------------------------------
0 0031105760 MORTGAGORS: CASTRO JULIAN
CASTRO CARLENE
REGION CODE ADDRESS : 9665 LOVE CREEK ROAD
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,582.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031127822 MORTGAGORS: WHITTLE STEPHEN
WHITTLE CHRISTINE
REGION CODE ADDRESS : 23 TURTLE CREEK MANOR
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 245,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,763.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98548
----------------------------------------------------------------
0 0031131980 MORTGAGORS: HUNGERFORD NANCY
HUNGERFORD ANDREA
REGION CODE ADDRESS : 29409 E EDGEWATER DRIVE
01 CITY : WELCHES
STATE/ZIP : OR 97067
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,812.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.01500
----------------------------------------------------------------
0 0031135247 MORTGAGORS: STANDBRIDGE KEITH
STANDBRIDGE MARY
REGION CODE ADDRESS : 3091 HENRICH FARM LANE
01 CITY : ALLISON PARK
STATE/ZIP : PA 15101
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,573.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.79200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,800.00
P & I AMT: 9,326.05
UPB AMT: 1,289,168.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135296 MORTGAGORS: RUGGAARD RANDALL
RUGGAARD MARGARET
REGION CODE ADDRESS : 1877 E. HAYMARKET WAY
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,833.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.27200
----------------------------------------------------------------
0 0031135866 MORTGAGORS: JENNI ALAN
JENNI PATRICIA
REGION CODE ADDRESS : 2828 SNAKE RIVER ROAD
01 CITY : KEYSTONE
STATE/ZIP : CO 80435
MORTGAGE AMOUNT : 218,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,584.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031136070 MORTGAGORS: SHAW RONALD
SHAW ANNE
REGION CODE ADDRESS : 5171 CRANE LANE
01 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,369.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0031136351 MORTGAGORS: EISELE DAVID
EISELE JUDY
REGION CODE ADDRESS : 17115 SE FIR DRIVE
01 CITY : SANDY
STATE/ZIP : OR 97055
MORTGAGE AMOUNT : 227,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,234.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031136724 MORTGAGORS: KLUG JOHN
REGION CODE ADDRESS : 200 HARBOR DRIVE # 1203
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,097.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.63000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,121,100.00
P & I AMT: 8,088.28
UPB AMT: 1,112,120.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137037 MORTGAGORS: CLARK SCOTT
CLARK KELLY
REGION CODE ADDRESS : 652 GLENWAY AVENUE
01 CITY : CINCINNATI
STATE/ZIP : OH 45215
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,369.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.31000
----------------------------------------------------------------
0 0031137441 MORTGAGORS: LAWVER MARK
LAWVER DEBORAH
REGION CODE ADDRESS : 4350 BRAMBLE DRIVE
01 CITY : AKRON
STATE/ZIP : OH 44321
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,003.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031137615 MORTGAGORS: MURRAY SHAWN
MURRAY S
REGION CODE ADDRESS : 19100 NW SKYLINE BLVD
01 CITY : PORTLAND
STATE/ZIP : OR 97231
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,033.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,940.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.66600
----------------------------------------------------------------
0 0031139975 MORTGAGORS: GARRETT RICK
REGION CODE ADDRESS : 200 FAWN HOLLOW DRIVE
01 CITY : ARGYLE
STATE/ZIP : TX 76226
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,793.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031160864 MORTGAGORS: ADDISON EDWARD
ADDISON GERALDINE
REGION CODE ADDRESS : 419 WATERMAN AVENUE
01 CITY : EAST PROVIDENCE
STATE/ZIP : RI 02914
MORTGAGE AMOUNT : 99,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 752.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,500.00
P & I AMT: 9,598.78
UPB AMT: 1,330,200.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031166697 MORTGAGORS: ZURAS MICHAEL
BROWN RONDAL
REGION CODE ADDRESS : 25806 CLEAR SPRINGS COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 238,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,522.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031196322 MORTGAGORS: COLLINS LAURENCE
REGION CODE ADDRESS : 191 FREDERICK COURT
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 533,039.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,786.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 67.72100
----------------------------------------------------------------
0 0031197106 MORTGAGORS: CLEVELAND MARK
CLEVELAND SANDY
REGION CODE ADDRESS : 5291 TATTERSHALL AVENUE
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,402.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031200488 MORTGAGORS: SOHL BERTRAM
REGION CODE ADDRESS : 4357 DOGWOOD AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,434.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
0 0031211568 MORTGAGORS: NITTI JOSEPH
NITTI BRENDA
REGION CODE ADDRESS : 111-33 75TH ROAD
01 CITY : FOREST HILLS
STATE/ZIP : NY 11375
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,144.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.34400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,900.00
P & I AMT: 10,781.63
UPB AMT: 1,506,543.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031211964 MORTGAGORS: ROBERTS SAMUEL
ROBERTS HARRIET
REGION CODE ADDRESS : 2105 GULF OF MEXICO DRIVE
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,333.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031211980 MORTGAGORS: BOEHM RICHARD
BOEHM SUSAN
REGION CODE ADDRESS : 4 LINCOLN AVE
01 CITY : HADDONFIELD
STATE/ZIP : NJ 08033
MORTGAGE AMOUNT : 186,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,994.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,368.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 84.00900
----------------------------------------------------------------
0 0031214059 MORTGAGORS: HOWARD GREG
HERSCHE-HOWARD ALISON
REGION CODE ADDRESS : 5260 CAMINITO VISTA LUJO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,994.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031214687 MORTGAGORS: CYLKOWSKI TERRY
CYLKOWSKI TERESA
REGION CODE ADDRESS : 289 PROSPECT ROAD
01 CITY : SOUTH KINGSTOWN
STATE/ZIP : RI 02879
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.94736
----------------------------------------------------------------
0 0031217805 MORTGAGORS: AHN JAMES
PARK HAE-JUNG
REGION CODE ADDRESS : 10172 PARLETT PLACE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,134.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.27100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,000.00
P & I AMT: 11,065.86
UPB AMT: 1,586,233.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031222656 MORTGAGORS: GUZMAN EDWIN
GUZMAN JENNIFER
REGION CODE ADDRESS : 5 ROSE LANE
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,410.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,826.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.07600
----------------------------------------------------------------
0 0031222912 MORTGAGORS: SCHERMERHORN ARTHUR
SCHERMERHORN ANDRENA
REGION CODE ADDRESS : 813 RIESLING ROAD
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,830.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227259 MORTGAGORS: LOVETT NANCY
HANCOCK HARRY
REGION CODE ADDRESS : 339 WESTON ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 269,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,273.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031235385 MORTGAGORS: DEVINE DAVID
DEVINE STEPHANIE
REGION CODE ADDRESS : 397 LARCH CREST COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 253,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,221.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.46600
----------------------------------------------------------------
0 0031240674 MORTGAGORS: HERMAN MELISSA
CHERTOCK DAVID
REGION CODE ADDRESS : 2462 GLENCOE AVENUE (VENICE AREA)
01 CITY : LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,324.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,440,700.00
P & I AMT: 10,561.65
UPB AMT: 1,433,059.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031242357 MORTGAGORS: ZARIAN DAVID
ZARIAN MOJDEH
REGION CODE ADDRESS : 4060 ALONZO AVENUE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,793.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0031244494 MORTGAGORS: OSTERHOLT ROBBERT
OSTERHOLT LIANE
REGION CODE ADDRESS : 21004 MENDENHALL COURT
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031244734 MORTGAGORS: ELEFTHERIO PETER
ELEFTHERIO MELANIE
REGION CODE ADDRESS : 12 TREMONT STREET
01 CITY : CHARLESTOWN
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,810.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.70200
----------------------------------------------------------------
0 0031247794 MORTGAGORS: ROTHNER GLENN
REGION CODE ADDRESS : 1717 FLETCHER AVENUE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 493,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,637.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,368.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.96900
----------------------------------------------------------------
0 0031249923 MORTGAGORS: SEVERSON KEITH
SEVERSON LINDA
REGION CODE ADDRESS : 123 NORTHCREST DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,803.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.69600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,144,300.00
P & I AMT: 14,672.52
UPB AMT: 2,136,044.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031255433 MORTGAGORS: RUSLEY JAMES
RUSLEY LYNNE
REGION CODE ADDRESS : 16340 WILD PLUM CIRCLE
01 CITY : MORRISON
STATE/ZIP : CO 80465
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,205.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031255946 MORTGAGORS: KLEARMAN WILLIAM
FREIBERG-KLEARMAN JUDY
REGION CODE ADDRESS : 6790 SANTA CRUZ LANE
01 CITY : ATASCADERO
STATE/ZIP : CA 93422
MORTGAGE AMOUNT : 220,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,811.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.06800
----------------------------------------------------------------
0 0031258809 MORTGAGORS: CHAN LIM-CHUN
NG CINDY
REGION CODE ADDRESS : 73 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,427.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.00400
----------------------------------------------------------------
0 0031262249 MORTGAGORS: BAKER TERRY
BAKER SHIRLEY
REGION CODE ADDRESS : 328 SIPPEWISSETT ROAD
01 CITY : FALMOUTH
STATE/ZIP : MA 02540
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,975.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031262504 MORTGAGORS: CARY MARK
CARY JANE
REGION CODE ADDRESS : 530 LINDSEY DRIVE
01 CITY : RADNOR
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 244,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,046.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.59800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,737,500.00
P & I AMT: 12,434.35
UPB AMT: 1,734,259.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031264609 MORTGAGORS: NORTHWAY STEPHAN
NORTHWAY LEE
REGION CODE ADDRESS : 8340 SUNSET VIEW NW
01 CITY : BRAINERD
STATE/ZIP : MN 56401
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,251.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031265341 MORTGAGORS: MCADAM DEBORAH
REGION CODE ADDRESS : 23 MALLORCA WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,971.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031268105 MORTGAGORS: FORD CHARLES
REGION CODE ADDRESS : 19615 CRYSTAL RIDGE CT
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 223,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,115.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98346
----------------------------------------------------------------
0 0031268345 MORTGAGORS: VEGA MARCELINO
VEGA CELESTE
REGION CODE ADDRESS : 2411 EL CONTENTO DRIVE
01 CITY : LOS ANGELES (HOLLYWOOD AR
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,274.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.45300
----------------------------------------------------------------
0 0031268675 MORTGAGORS: DILL MARK
DILL MARSHA
REGION CODE ADDRESS : 2325 OLD RANCH RD
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 219,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,532.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,535.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,500.00
P & I AMT: 9,536.74
UPB AMT: 1,370,144.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031271083 MORTGAGORS: JABBAWY SAMUEL
JABBAWY CAROLE
REGION CODE ADDRESS : 17 COUNTRYSIDE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 685,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 683,928.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,672.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 62.90100
----------------------------------------------------------------
0 0031272560 MORTGAGORS: HARY ELAINE
HARY DAVID
REGION CODE ADDRESS : 3300 MONTANA AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 528,720.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,570.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0031274897 MORTGAGORS: RIVERA ANGEL
RIVERA JOSEFINA
REGION CODE ADDRESS : 19990 SW 128 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33196
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,685.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 682.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 44.64200
----------------------------------------------------------------
0 0031275167 MORTGAGORS: NOBIS LAURA
REGION CODE ADDRESS : 2525 OAKMONT DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,482.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.92300
----------------------------------------------------------------
0 0031275324 MORTGAGORS: MANO LARRY
MANO KAREN
REGION CODE ADDRESS : 2 DEERHILL DRIVE
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,743.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.30100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,925,500.00
P & I AMT: 13,182.95
UPB AMT: 1,920,559.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031275589 MORTGAGORS: MACIEL JOHN
MACIEL MARIBEL
REGION CODE ADDRESS : 17440 ROCKROSE CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,549.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 83.73300
----------------------------------------------------------------
0 0031276025 MORTGAGORS: RODRIGUEZ GEORGE
WANG-RODRIGUEZ JESSICA
REGION CODE ADDRESS : 4963 SANDSHORE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 342,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,524.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,423.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.33300
----------------------------------------------------------------
0 0031278724 MORTGAGORS: FRIDRICH MAREK
REGION CODE ADDRESS : 154 CAMINO PACIFICO
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,501.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.67700
----------------------------------------------------------------
0 0031278922 MORTGAGORS: GIBBONS ROBERT
GIBBONS ELITA
REGION CODE ADDRESS : 24155 VISTA HILLS DRIVE
01 CITY : VALENCIA AREA SANTA CLARI
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,230.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031279045 MORTGAGORS: LOCKE JEFFREY
REGION CODE ADDRESS : 56 WARELAND ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,623,200.00
P & I AMT: 11,706.37
UPB AMT: 1,608,405.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031279987 MORTGAGORS: NISSENSON ROBERT
NISSENSON BEA
REGION CODE ADDRESS : 2801 TROUSDALE DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,560.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.16666
----------------------------------------------------------------
0 0031280506 MORTGAGORS: DONALDSON KRIS
DONALDSON PATRICK
REGION CODE ADDRESS : 2855 HELMSLEY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,139.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031281553 MORTGAGORS: LEUTHOLD RICHARD
LEUTHOLD JANET
REGION CODE ADDRESS : 13320 GLENCLIFF WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,413.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,859.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.15300
----------------------------------------------------------------
0 0031281835 MORTGAGORS: MIDDLETON ROBERT
MARSH HELEN
REGION CODE ADDRESS : 940 WAWONA AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,399.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.91300
----------------------------------------------------------------
0 0031283393 MORTGAGORS: HILLIER MARTIN
HUDSON ELAINE
REGION CODE ADDRESS : 1471 WEST 3RD STREET
01 CITY : SAN PEDRO
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,279.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,000.00
P & I AMT: 10,270.94
UPB AMT: 1,453,792.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031283591 MORTGAGORS: MONCADA GEORGE
MONCADA DEBRA
REGION CODE ADDRESS : 13457 WYNGATE POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 484,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,314.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,387.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.29850
----------------------------------------------------------------
0 0031288434 MORTGAGORS: DRURY MARK
DRURY ALICIA
REGION CODE ADDRESS : 491 BUENA VISTA AVENUE EAST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,125.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.39000
----------------------------------------------------------------
0 0031288467 MORTGAGORS: WICKHAM DONALD
WICKHAM PAMELA
REGION CODE ADDRESS : 1370 PLATT AVENUE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,295.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289721 MORTGAGORS: THOMAS KEITH
THOMAS SANDRA
REGION CODE ADDRESS : 14 ROLLING BROOK
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,984.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.91200
----------------------------------------------------------------
0 0031292212 MORTGAGORS: DONOVAN ROBERT
DONOVAN KATIE
REGION CODE ADDRESS : 16421 RANCHO ESCONDIDO DRIVE
01 CITY : RIVERSIDE AREA
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,343.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,531.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.21400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,689,000.00
P & I AMT: 11,945.06
UPB AMT: 1,682,064.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031299126 MORTGAGORS: PARKER DAVID
PARKER LAURA
REGION CODE ADDRESS : 4 YORKE LANE
01 CITY : OCEAN
STATE/ZIP : NJ 07712
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,220.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.71831
----------------------------------------------------------------
0 0031300924 MORTGAGORS: SECREST JONATHAN
SECREST DEBORAH
REGION CODE ADDRESS : 1095 HOLLY LANE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.88800
----------------------------------------------------------------
0 0031306798 MORTGAGORS: ZIEMAN CHARLES
ZIEMAN ANITA
REGION CODE ADDRESS : 2128 24TH STREET
01 CITY : GREELEY
STATE/ZIP : CO 80631
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031307721 MORTGAGORS: TRAYWICK VORDMAN
TRAYWICK DONNA
REGION CODE ADDRESS : 1426 WYNDHAM ROAD
01 CITY : COLUMBIA
STATE/ZIP : SC 29205
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,620.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.62600
----------------------------------------------------------------
0 0031310113 MORTGAGORS: RISI TERESA
REGION CODE ADDRESS : 27146 NEDA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,528.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,800.00
P & I AMT: 9,139.12
UPB AMT: 1,308,941.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031313406 MORTGAGORS: FIGUEIREDO VIRGILIO
FIGUEIREDO MARIA
REGION CODE ADDRESS : 31-33 FIFTH STREET
01 CITY : MEDFORD
STATE/ZIP : MA 02155
MORTGAGE AMOUNT : 172,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,368.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,191.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031314883 MORTGAGORS: BIRMINGHAM PATRICIA
KAREVIK SVEIN
REGION CODE ADDRESS : 231 LAUREN AVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 215,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,729.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,523.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031317621 MORTGAGORS: PITKIN LAURAINE
REGION CODE ADDRESS : 2676 VICTORIA DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95407
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,756.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,203.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 94.44444
----------------------------------------------------------------
0 0031317746 MORTGAGORS: VASQUEZ LUIS
VASQUEZ LINDA
REGION CODE ADDRESS : 2722 STEVENS STREET
01 CITY : LA CRESCENTA AREA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,328.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031319114 MORTGAGORS: HOPP GENE
HOPP LINDA
REGION CODE ADDRESS : 2160 BEACHWOOD COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 272,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,392.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,054,300.00
P & I AMT: 7,366.86
UPB AMT: 1,050,575.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031322514 MORTGAGORS: PARRY MICHAEL
PARRY JANE
REGION CODE ADDRESS : 3 BREEZY KNOLL
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 475,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,851.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,398.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031330947 MORTGAGORS: BONTRAGER BYRON
LININGER MICHELE
REGION CODE ADDRESS : 8422 MCCONNELL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,027.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,503.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.62963
----------------------------------------------------------------
0 0031336357 MORTGAGORS: MCCREA WILLIAM
MCCREA KATHIE
REGION CODE ADDRESS : 36 WAKEFIELD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,390.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,554.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.50530
----------------------------------------------------------------
0 0031336571 MORTGAGORS: CHOMPRE ARISTIPO
THURMAN LINDA
REGION CODE ADDRESS : 1440 POOLE CIRCLE
01 CITY : BOOTHWYN
STATE/ZIP : PA 19061
MORTGAGE AMOUNT : 267,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,397.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.47700
----------------------------------------------------------------
0 0031339674 MORTGAGORS: REEVES ROBERT
REGION CODE ADDRESS : 54-56 CLAREMONT AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,556.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,350.00
P & I AMT: 8,541.32
UPB AMT: 1,191,223.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031345648 MORTGAGORS: ROSS ROBIN
BERDE LISA
REGION CODE ADDRESS : 1025 VIA ELISABETTA COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 198,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,354.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,390.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031345929 MORTGAGORS: O'DONNELL WILLIAM
O'DONNELL SHARON
REGION CODE ADDRESS : 6 ALLYSSA CIRCLE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 557,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,760.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,663.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031346349 MORTGAGORS: GRIFFITH THOMAS
GRIFFITH COLLEEN
REGION CODE ADDRESS : 7699 ROYAL SYDNEY DRIVE
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031354939 MORTGAGORS: ELDER BRUCE
ELDER BRENDA
REGION CODE ADDRESS : 10754 ELGERS STREET
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.10300
----------------------------------------------------------------
0 0031355357 MORTGAGORS: LEVITES PAUL
LEVITES WENDY
REGION CODE ADDRESS : 16 WARREN ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,000.00
P & I AMT: 10,459.14
UPB AMT: 1,522,419.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031355407 MORTGAGORS: ALPERT DAVID
ALPERT LISA
REGION CODE ADDRESS : 67 RUSSETT HILL ROAD
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031356835 MORTGAGORS: KING ERIK
KING BARBARA
REGION CODE ADDRESS : 945 FALCON LANE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,489.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031368038 MORTGAGORS: BARNES B
BARNES KATHLEEN
REGION CODE ADDRESS : 24746 RANCHO SANTA TERESA DR
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,209.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031368228 MORTGAGORS: YU SANDY
YU ALLEN
REGION CODE ADDRESS : 5219 PEACOCK HILL DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 265,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,874.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.73500
----------------------------------------------------------------
0 0031371248 MORTGAGORS: MILLET RUTH
REGION CODE ADDRESS : 123 BENTWOOD DR
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.88600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,700.00
P & I AMT: 10,278.77
UPB AMT: 1,481,285.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377633 MORTGAGORS: JEDDA HENRY
BELKIN-JEDDA EVE
REGION CODE ADDRESS : 229 TREETOP CRESCENT
01 CITY : RYE BROOK
STATE/ZIP : NY 10573
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,789.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.16100
----------------------------------------------------------------
0 0031379878 MORTGAGORS: LUCK THOMAS
LUCK RAMONA
REGION CODE ADDRESS : 10100 COPPER COURT
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.12000
----------------------------------------------------------------
0 0031380470 MORTGAGORS: SALADINO RICHARD
HANNIBAL KRISTIN
REGION CODE ADDRESS : 15 LANDSEER STREET
01 CITY : WEST ROXBURY
STATE/ZIP : MA 02132
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,523.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031382419 MORTGAGORS: KEEGAN PATRICIA
REGION CODE ADDRESS : 393 SEVEN STARS ROAD
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 198,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,438.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031383979 MORTGAGORS: KIDWELL JOHN
REGION CODE ADDRESS : 3320 KATES WAY
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 282,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,567.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.38800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,600.00
P & I AMT: 9,841.05
UPB AMT: 1,410,019.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384597 MORTGAGORS: ELDER H.
REIFLER ELIZABETH
REGION CODE ADDRESS : 1696 EASTMAN LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,674.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 79.25900
----------------------------------------------------------------
0 0031389471 MORTGAGORS: WAITE DAVID
WAITE MARGARET
REGION CODE ADDRESS : 10715 LUGO WAY
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,297.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390123 MORTGAGORS: PORTER-BUTTERFIELD FEDERICO
PORTER-BUTTERFIELD PAMELA
REGION CODE ADDRESS : 26991 HEMMINGWAY COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,170.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031390370 MORTGAGORS: JANNOL MICKEY
JANNOL ELLEN
REGION CODE ADDRESS : 13347 MARTHA STREET
01 CITY : VAN NUYS AREA
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,361.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390719 MORTGAGORS: SYMONS FLORENCE
REGION CODE ADDRESS : 220 LOCUST STREET 6B-C
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19106
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,791.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,550.00
P & I AMT: 11,418.51
UPB AMT: 1,638,296.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031391568 MORTGAGORS: FENSTERMAKER RICK
FENSTERMAKER EVE
REGION CODE ADDRESS : 6146 SHADOWBROOK DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 302,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,026.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.18320
----------------------------------------------------------------
0 0031391766 MORTGAGORS: MILLER CRAIG
MILLER BEVERLY
REGION CODE ADDRESS : 3356 EDGEWATER DRIVE
01 CITY : TAHOE CITY
STATE/ZIP : CA 96145
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,344.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 29.72900
----------------------------------------------------------------
0 0031392673 MORTGAGORS: BRUNS DALE
BRUNS KATHY
REGION CODE ADDRESS : 10376 PIKE ROAD
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031394083 MORTGAGORS: HAGEMANN JAMES
HAGEMANN GERALDINE
REGION CODE ADDRESS : 11719 S HUDSON PL
01 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031395833 MORTGAGORS: MCINTYRE HENRY
MCINTYRE MARGARET
REGION CODE ADDRESS : 2220 PAINTER COURT
01 CITY : HAYMARKET
STATE/ZIP : VA 20169
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,588.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,000.00
P & I AMT: 10,734.40
UPB AMT: 1,559,232.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396401 MORTGAGORS: SCHWARZ DOUG
FRANKLIN LAURA
REGION CODE ADDRESS : 425 PRENTISS STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,235.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,554.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031397912 MORTGAGORS: NORLING BRIAN
REGION CODE ADDRESS : 1645 SHORELINE DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93109
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,612.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,267.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.28500
----------------------------------------------------------------
0 0031403074 MORTGAGORS: VANDER HEIDEN THOMAS
VANDER HEIDEN NANCY
REGION CODE ADDRESS : 7862 SOUTH ARGONNE STREET
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 377,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,405.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.68700
----------------------------------------------------------------
0 0031403280 MORTGAGORS: HATTIN RONALD
HATTIN VICKI
REGION CODE ADDRESS : 6100 EAST 6TH AVENUE
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.05400
----------------------------------------------------------------
0 0031403793 MORTGAGORS: LEE KYUNG
LEE HUN
REGION CODE ADDRESS : 7127 EAST COUNTRY CLUB LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,880,200.00
P & I AMT: 12,986.43
UPB AMT: 1,878,372.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031405137 MORTGAGORS: ABRINA MARIA
REGION CODE ADDRESS : 19708 MOORSHIRE DRIVE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,618.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.74500
----------------------------------------------------------------
0 0031407620 MORTGAGORS: MEYERS JEFFREY
MEYERS MARNI
REGION CODE ADDRESS : 15 WHITE PINE
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 636,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 635,528.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,396.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.99600
----------------------------------------------------------------
0 0031408305 MORTGAGORS: MUSSO RICHARD
REGION CODE ADDRESS : 3238 N SEMINARY AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 644,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,502.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031409097 MORTGAGORS: KELLOGG ROBERT
KELLOGG SYLVIA
REGION CODE ADDRESS : 200 HARBOR DRIVE #3802
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,007.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.65600
----------------------------------------------------------------
0 0031412224 MORTGAGORS: BATEMAN STEVE
BATEMAN SUSAN
REGION CODE ADDRESS : 2420 HOOD DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,651.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,506.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,439,900.00
P & I AMT: 16,971.28
UPB AMT: 2,436,806.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031412463 MORTGAGORS: TAK HOON
TAK HYE
REGION CODE ADDRESS : 6 VETRINA
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,307.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.50900
----------------------------------------------------------------
0 0031413529 MORTGAGORS: MORA ROBERT
MORA MONICA
REGION CODE ADDRESS : 8714 COLIMA ROAD
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,612.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031413990 MORTGAGORS: NUTI RONALD
NUTI CATHY
REGION CODE ADDRESS : 15 WAY POINTS ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,289.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.40100
----------------------------------------------------------------
0 0031414659 MORTGAGORS: HUMPHREVILLE NEIL
REGION CODE ADDRESS : 26 HILLSIDE RD
01 CITY : NEW LONDON
STATE/ZIP : CT 06320
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0031416217 MORTGAGORS: MALEKGHASEMI MALEK
REGION CODE ADDRESS : 8907 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 317,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,183.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,450.00
P & I AMT: 10,487.69
UPB AMT: 1,509,176.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031420037 MORTGAGORS: MARINO BERNARD
MARINO LOIS
REGION CODE ADDRESS : 2116 FOX TRAIL COURT
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.92400
----------------------------------------------------------------
0 0031420284 MORTGAGORS: MINNETT JOHN
MINNETT KARNA
REGION CODE ADDRESS : 8755 S. MEADOW CREEK DRIVE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 219,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,304.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,442.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031420334 MORTGAGORS: LINDGREN STEFAN
LINDGREN ANNA
REGION CODE ADDRESS : 3015 E OTERO CIRCLE
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,200.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031421571 MORTGAGORS: WEIL PETER
WEIL JESSICA
REGION CODE ADDRESS : 3360 E KENTUCKY AVENUE
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 551,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,450.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,905.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.58000
----------------------------------------------------------------
0 0031425119 MORTGAGORS: TAJIZAD PEJMON
SHARESTANY GUITA
REGION CODE ADDRESS : 420 CABRILLO TERRACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 417,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,978.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.62385
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,729,450.00
P & I AMT: 12,025.55
UPB AMT: 1,727,933.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031425739 MORTGAGORS: BRACKEN ANDREW
BRACKEN MICHELLE
REGION CODE ADDRESS : 19923 HIAWATHA STREET
01 CITY : CHATSWORTH AREA
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,558.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031432677 MORTGAGORS: NASH FRED
NASH SUSAN
REGION CODE ADDRESS : 8105 S. OGDEN STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 174,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,003.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,248.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031434962 MORTGAGORS: BILLINGSLEY TIMOTHY
BILLINGSLEY CYNTHIA
REGION CODE ADDRESS : INGRAM RD
01 CITY : HAYMARKET
STATE/ZIP : VA 20169
MORTGAGE AMOUNT : 230,630.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,138.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.74500
----------------------------------------------------------------
0 0031435779 MORTGAGORS: KEACH CHRIS
KEACH TAMMY
REGION CODE ADDRESS : 210 BRIDLE RUN COURT
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 189,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,888.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,276.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.80000
----------------------------------------------------------------
0 0031436371 MORTGAGORS: NOCERA CHARLES
NOCERA LISSA
REGION CODE ADDRESS : 8176 MOORE STREET
01 CITY : ARVADA
STATE/ZIP : CO 80005
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,768.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,202,380.00
P & I AMT: 8,428.68
UPB AMT: 1,200,357.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031437064 MORTGAGORS: WELTY RICHARD
OHANIAN HOLLY
REGION CODE ADDRESS : 516 WHITETAIL CIRCLE
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 242,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,588.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031437379 MORTGAGORS: JUNGE ROGER
JUNGE DIANA
REGION CODE ADDRESS : 1095 SINGING RIDGE ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,522.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.93000
----------------------------------------------------------------
0 0031440464 MORTGAGORS: TANG ANDREW
TANG SAMUEL
REGION CODE ADDRESS : 109 NORTHCREST DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 277,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,265.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.51800
----------------------------------------------------------------
0 0031440688 MORTGAGORS: BONORA STEVEN
REGION CODE ADDRESS : 59-41 PALMETTO STREET
01 CITY : RIDGEWOOD
STATE/ZIP : NY 11385
MORTGAGE AMOUNT : 126,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,036.57 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 9.25000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031442965 MORTGAGORS: DANBERG JASON
DANBERG DENISE
REGION CODE ADDRESS : 617 CLAIRE COURT
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,056.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,472.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,250.00
P & I AMT: 9,182.79
UPB AMT: 1,303,432.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031443666 MORTGAGORS: STINCHCOMB DAN
BOYLE JUDITH
REGION CODE ADDRESS : 8409 SOUTH COUNTY ROAD 3
01 CITY : FORT COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,467.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.11800
----------------------------------------------------------------
0 0031445588 MORTGAGORS: FURLONG JOHN
FURLONG SARA
REGION CODE ADDRESS : 624 BLACK ROCK ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031445927 MORTGAGORS: PERRY DUANE
JULIUS PAULETTE
REGION CODE ADDRESS : 756 47TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.17600
----------------------------------------------------------------
0 0031447337 MORTGAGORS: MARCUS MAGED
MARCUS MARY
REGION CODE ADDRESS : 12561 DARYL AVENUE
01 CITY : GRANADA HILLS AREA
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,811.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70100
----------------------------------------------------------------
0 0031448194 MORTGAGORS: CROLEY MICHAEL
CROLEY STEPHANIE
REGION CODE ADDRESS : 411 BARRINGTON PARK DRIVE
01 CITY : GREER
STATE/ZIP : SC 29650
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.52300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,150.00
P & I AMT: 10,399.88
UPB AMT: 1,510,100.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448483 MORTGAGORS: MOONEY ROBERT
MOONEY CHERYL
REGION CODE ADDRESS : 400 NASSAU STREET
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.47100
----------------------------------------------------------------
0 0031448897 MORTGAGORS: MARTINEZ EDWARD
MARTINEZ JANET
REGION CODE ADDRESS : 12788 NORTH SUMMIT RIDGE ROAD
01 CITY : PARKER
STATE/ZIP : CO 80138
MORTGAGE AMOUNT : 311,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,688.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449341 MORTGAGORS: DAHLBACK DENNIS
DAHLBACK SHARI
REGION CODE ADDRESS : 5335 PASEO CALIENTE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449424 MORTGAGORS: HAY JEFFREY
HAY ZOE
REGION CODE ADDRESS : 4856 DON PIO DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,310.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.03100
----------------------------------------------------------------
0 0031449754 MORTGAGORS: TAYYEBI SEAN
TAYYEBI A
REGION CODE ADDRESS : 918 MERLO COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 272,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,192.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.20907
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,635,820.00
P & I AMT: 11,035.97
UPB AMT: 1,634,956.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450125 MORTGAGORS: BATES TIM
BATES MIRIAM
REGION CODE ADDRESS : 13010 HIGHWAY 392
01 CITY : GREELEY
STATE/ZIP : CO 80631
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031450794 MORTGAGORS: KINZIG KENNETH
KINZIG JOAN
REGION CODE ADDRESS : 1105 TOPAZ COURT
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,728.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031450901 MORTGAGORS: HUSSEY EDGAR
REGION CODE ADDRESS : 112 WATERFORD PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,959.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031451941 MORTGAGORS: SHORTER CHARLES
SHORTER ELENITA
REGION CODE ADDRESS : 7955 BLITZ COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 356,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,491.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,525.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031452832 MORTGAGORS: GOYER SUSAN
REGION CODE ADDRESS : 30199 CANAL COURT
01 CITY : ORANGE BEACH
STATE/ZIP : AL 36561
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,650.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.95200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,750.00
P & I AMT: 10,524.15
UPB AMT: 1,509,627.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455736 MORTGAGORS: CONERY MITCHELL
SOMMER CHRISTINE
REGION CODE ADDRESS : 209 HEDGEMERE DRIVE
01 CITY : DEVON
STATE/ZIP : PA 19333
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,180.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031456288 MORTGAGORS: SPENCE MELVIN
SPENCE JEAN
REGION CODE ADDRESS : 215 217 COLMAN STREET
01 CITY : NEW LONDON
STATE/ZIP : CT 06320
MORTGAGE AMOUNT : 50,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 375.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 52.63100
----------------------------------------------------------------
0 0031457807 MORTGAGORS: MILLER BARBARA
MILLER CHARLES
REGION CODE ADDRESS : 285 HATTERTOWN RD
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 247,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031458078 MORTGAGORS: PHIPPS JOHN
PHIPPS NANCY
REGION CODE ADDRESS : 421 WILSHIRE COURT
01 CITY : VALPARAISO
STATE/ZIP : IN 46385
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.22000
----------------------------------------------------------------
0 0031458466 MORTGAGORS: LEON REBECCA
TAMAYO MICHAEL
REGION CODE ADDRESS : 5318 MAPLE VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,191.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,301,300.00
P & I AMT: 9,065.66
UPB AMT: 1,301,091.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459639 MORTGAGORS: ERMOYAN MIRA
ERMOYAN EDWARD
REGION CODE ADDRESS : 7062 SOUTH EUDORA STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,904.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 934.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031459878 MORTGAGORS: BROTHMAN MICHAEL
REGION CODE ADDRESS : 6442 PEMBERTON DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031459985 MORTGAGORS: JOHAL SATINDERJEET
JOHAL BALWINDER
REGION CODE ADDRESS : 25529 CRESTFIELD DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,285.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.74100
----------------------------------------------------------------
0 0031460736 MORTGAGORS: BERRISFORD NICHOLAS
REGION CODE ADDRESS : 4273 LEBOURGET AVE
01 CITY : CULVER CITY
STATE/ZIP : CA 90232
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,815.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460835 MORTGAGORS: CARVALHO PETER
CARVALHO BERNADETTE
REGION CODE ADDRESS : 25228 JESMOND DENE HGHTS PLACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,142.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,900.00
P & I AMT: 9,107.78
UPB AMT: 1,323,881.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462211 MORTGAGORS: SCHMALTZ WILLIAM
SCHMALTZ JOAN
REGION CODE ADDRESS : 1730 DURRETT COVE
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 279,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031462591 MORTGAGORS: CARLILE BRUCE
CARLILE KATHLEEN
REGION CODE ADDRESS : 14445 TRAILWIND ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,652.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031465149 MORTGAGORS: MEASOR GRAHAME
MEASOR MINHAR
REGION CODE ADDRESS : 307 HACIENDA DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,808.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031465461 MORTGAGORS: SHUFF STEVEN
SHUFF JEANNE
REGION CODE ADDRESS : 3374 WESTPORT COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,618.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031467988 MORTGAGORS: COLLINS DION
COLLINS DEBORAH
REGION CODE ADDRESS : 612 DEL RIO WAY
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 467,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,863,050.00
P & I AMT: 13,022.43
UPB AMT: 1,862,320.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031468374 MORTGAGORS: KIM ANTOINETTE
PAEZ VICTOR
REGION CODE ADDRESS : 6001 VALERIAN LANE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.00000
----------------------------------------------------------------
0 0031469042 MORTGAGORS: RIVITUSO LOUIS
RIVITUSO KATHLEEN
REGION CODE ADDRESS : 709 PEACH TREE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,386.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.93800
----------------------------------------------------------------
0 0031469448 MORTGAGORS: CLEMENTS JOANNE
SPENCER KAROLYN
REGION CODE ADDRESS : 224 BUCKTHORN ROAD
01 CITY : NEW CASTLE
STATE/ZIP : CO 81647
MORTGAGE AMOUNT : 110,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,064.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 790.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 68.93700
----------------------------------------------------------------
0 0031470313 MORTGAGORS: MCGAHAN MICHAEL
MCGAHAN LESA
REGION CODE ADDRESS : 7611 PALOMA COURT
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 202,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,467.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031470909 MORTGAGORS: DELFANI MOHAMAD
DELFANI SIOBHAN
REGION CODE ADDRESS : 1109 ST. FRANCIS DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,363.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.79100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,177,850.00
P & I AMT: 8,036.05
UPB AMT: 1,176,617.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471329 MORTGAGORS: RICCI MICHAEL
RICCI JODY
REGION CODE ADDRESS : 1 RED MAPLE DRIVE
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031471840 MORTGAGORS: KUTYS JOHN
KUTYS MARY
REGION CODE ADDRESS : 7 BIG WOODS DRIVE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,049.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031472970 MORTGAGORS: LAVENDER J.
LAVENDER CAROLYN
REGION CODE ADDRESS : 23100 CANZONET STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,278.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031473549 MORTGAGORS: NORIEGA MARK
NORIEGA KAREN
REGION CODE ADDRESS : 2742 ESSEX PLACE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,658.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031475304 MORTGAGORS: YDSTIE JOHN
VREM MARYJO
REGION CODE ADDRESS : 3608 TAYLOR STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,750.00
P & I AMT: 9,609.77
UPB AMT: 1,369,712.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031475312 MORTGAGORS: ZARO CHRISTOPHER
ZARO MEG
REGION CODE ADDRESS : 72 CHESTERFIELD LANE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,751.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 31.01800
----------------------------------------------------------------
0 0031476682 MORTGAGORS: ZAJAC DONALD
ZAJAC CYNTHIA
REGION CODE ADDRESS : 201 NORTH GOLDEN BEACH DRIVE
01 CITY : KEWADIN
STATE/ZIP : MI 49648
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.18181
----------------------------------------------------------------
0 0031477821 MORTGAGORS: LAWTON CHRISTOPHER
LAWTON MABEL
REGION CODE ADDRESS : 3350 VERMONT PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 333,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,741.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031480700 MORTGAGORS: STOCKER ERIC
STOCKER LAURA
REGION CODE ADDRESS : 2121 GROVE STREET
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,819.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031481021 MORTGAGORS: MONTGOMERY DAVID
MONTGOMERY ANN
REGION CODE ADDRESS : 49A FLAT SWAMP ROAD
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.87100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,250.00
P & I AMT: 10,625.85
UPB AMT: 1,564,059.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031482417 MORTGAGORS: FERRIGNO BRUCE
FERRIGNO SHARON
REGION CODE ADDRESS : 10 HOP RANCH ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,666.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.24100
----------------------------------------------------------------
0 0031483001 MORTGAGORS: RODRIQUEZ MARIA
RODRIQUEZ JORGE
REGION CODE ADDRESS : 215-33 49TH AVENUE
01 CITY : BAYSIDE
STATE/ZIP : NY 11364
MORTGAGE AMOUNT : 195,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,858.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,380.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 57.35200
----------------------------------------------------------------
0 0031483159 MORTGAGORS: SMITH JAMES
PELOSI-SMITH ROSE
REGION CODE ADDRESS : 34 LOWERY LANE
01 CITY : MENDHAM
STATE/ZIP : NJ 09745
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.72700
----------------------------------------------------------------
0 0031483464 MORTGAGORS: ELOWITZ SCOTT
REGION CODE ADDRESS : 4 LANGEVELD DRIVE
01 CITY : FREEHOLD TWP.
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.40000
----------------------------------------------------------------
0 0031484025 MORTGAGORS: MOTTOLA JOHN
SANSON EVANGELINA
REGION CODE ADDRESS : 364 HAVERHILL STREET
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 119,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 842.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,169,500.00
P & I AMT: 8,174.80
UPB AMT: 1,169,025.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031484736 MORTGAGORS: STITH GREGORY
REGION CODE ADDRESS : 635 WATERSIDE WAY
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,506.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031486137 MORTGAGORS: GANNON BRYAN
REGION CODE ADDRESS : 2311 ERIE ST
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
0 0031486426 MORTGAGORS: POLLOCK BRUCE
POLLOCK CAROL
REGION CODE ADDRESS : 25 KING AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,237.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,579.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 44.52100
----------------------------------------------------------------
0 0031486970 MORTGAGORS: IEUTER FREDERIC
IEUTER SUSAN
REGION CODE ADDRESS : 5113 IDYLWILD
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.77800
----------------------------------------------------------------
0 0031488208 MORTGAGORS: GIVNISH JOHN
GIVNISH KARA
REGION CODE ADDRESS : 228 DEER PATH ROAD
01 CITY : HUNTINGDON VALLEY
STATE/ZIP : PA 19006
MORTGAGE AMOUNT : 514,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,627.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,638.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.90700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,984,000.00
P & I AMT: 13,758.60
UPB AMT: 1,982,153.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031488968 MORTGAGORS: COLLINS SCOTT
COLLINS SHARON
REGION CODE ADDRESS : 289 EAST ALEGRIA
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 439,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,236.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,812.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489164 MORTGAGORS: FEEHS ROBERT
FEEHS KIMBERLY
REGION CODE ADDRESS : 5298 E. NICHOLS DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.20600
----------------------------------------------------------------
0 0031489289 MORTGAGORS: IRIZARRY LUIS
PALACIOS MAYRA
REGION CODE ADDRESS : 1156 LELAND AVENUE
01 CITY : BRONX
STATE/ZIP : NY 10472
MORTGAGE AMOUNT : 209,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,461.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031489784 MORTGAGORS: NEAL TOM
NEAL KIMBERLY
REGION CODE ADDRESS : 518 ADDY AVENUE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,146.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.13700
----------------------------------------------------------------
0 0031489982 MORTGAGORS: LEE MITCHELL
LEE MICHELLE
REGION CODE ADDRESS : 5966 JADE COURT
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 495,353.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,985.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,463.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,053.00
P & I AMT: 12,160.54
UPB AMT: 1,779,368.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031490980 MORTGAGORS: THEOBALD MARC
THEOBALD EMILY
REGION CODE ADDRESS : 743 EDGEMAR AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 214,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,393.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,502.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.14500
----------------------------------------------------------------
0 0031492762 MORTGAGORS: DUNN TERRENCE
EMMONS ELIZABETH
REGION CODE ADDRESS : 528 MANOR RIDGE ROAD
01 CITY : PELHAM MANOR
STATE/ZIP : NY 10803
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.02400
----------------------------------------------------------------
0 0031493109 MORTGAGORS: RUTHKOWSKI ADAM
RUTHKOWSKI ELIZABETH
REGION CODE ADDRESS : 125 DAYTON ROAD
01 CITY : SOUTHOLD
STATE/ZIP : NY 11971
MORTGAGE AMOUNT : 133,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 945.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031494321 MORTGAGORS: TIGERMAN GARY
TIGERMAN WENDY
REGION CODE ADDRESS : 3488 FLOYD TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.94100
----------------------------------------------------------------
0 0031494735 MORTGAGORS: TAKAYESU DAVID
TAKAYESU KIMBERLY
REGION CODE ADDRESS : 201 HARRISON STREET 103
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94105
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,811.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70170
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,164,650.00
P & I AMT: 8,154.87
UPB AMT: 1,163,564.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495732 MORTGAGORS: PENSINGER JOHN
PENSINGER EILEEN
REGION CODE ADDRESS : 4 STRATTON COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031496722 MORTGAGORS: MCINTRYE RALPH
MCINTRYE JUDITH
REGION CODE ADDRESS : 1908 GLENWOOD DRIVE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,329.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,644.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031496870 MORTGAGORS: BROGAN MICHAEL
BROGAN JEAN
REGION CODE ADDRESS : W2797 KNIEP ROAD
01 CITY : ELK HORN
STATE/ZIP : WI 53121
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031497977 MORTGAGORS: JORDAN SAMUEL
JORDAN KIMERA
REGION CODE ADDRESS : 2004 LANYARD POINTE CIRCLE
01 CITY : LEAGUE CITY
STATE/ZIP : TX 77573
MORTGAGE AMOUNT : 233,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,075.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,572.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031499312 MORTGAGORS: MOHSIN MOBINA
MOHSIN NIGHAT
REGION CODE ADDRESS : 92 TAYLOR ROAD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.13500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,387,250.00
P & I AMT: 10,040.46
UPB AMT: 1,386,605.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031500218 MORTGAGORS: SCHICHTLE DAVID
SCHICHTLE WENDY
REGION CODE ADDRESS : 215 MISSION HILL WAY
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80921
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,975.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031500457 MORTGAGORS: GONDEK ELIZABETH
RILEY MARY
REGION CODE ADDRESS : 150 CONCORD AVENUE
01 CITY : LEXINGTON,
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031501174 MORTGAGORS: SLATER ARTHUR
SLATER JEANNE
REGION CODE ADDRESS : 596 WINDING RIVER ROAD
01 CITY : BRICK
STATE/ZIP : NJ 08724
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031501315 MORTGAGORS: PARKS DONALD
PARKS SHARON
REGION CODE ADDRESS : 630 TWIN ARCH LANE
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 700,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 700,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,598.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031501968 MORTGAGORS: CRUTCHER RAYMOND
CRUTCHER KATHLEEN
REGION CODE ADDRESS : 6282 BARBADOS AVENUE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,925.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,793,900.00
P & I AMT: 12,316.23
UPB AMT: 1,792,710.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502230 MORTGAGORS: BACHERMAN SCOTT
RYERSON SUSAN
REGION CODE ADDRESS : 99 BRIDLE TRAIL ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.10600
----------------------------------------------------------------
0 0031502727 MORTGAGORS: MILLER GEORGE
REGION CODE ADDRESS : 5000 ESTERO WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 374,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,022.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,617.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031504806 MORTGAGORS: YSLA RONALD
YSLA JESSICA
REGION CODE ADDRESS : 1155 WHITEBRIDGE HILL RD
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.93500
----------------------------------------------------------------
0 0031504830 MORTGAGORS: DIXON KATHLEEN
REGION CODE ADDRESS : 2991 STANSTEAD CIRCLE
01 CITY : NORCROSS
STATE/ZIP : GA 30071
MORTGAGE AMOUNT : 122,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,631.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 869.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.98698
----------------------------------------------------------------
0 0031505308 MORTGAGORS: FELGENHAUER NEIL
FELGENHAUER TERESA
REGION CODE ADDRESS : 5497 GOLDENROD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 330,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,110.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,127,550.00
P & I AMT: 14,695.94
UPB AMT: 2,126,764.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031505928 MORTGAGORS: BASSETT IRVING
BASSETT SANDRA
REGION CODE ADDRESS : 10001 LEAMOORE LANE
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.67400
----------------------------------------------------------------
0 0031506165 MORTGAGORS: MEUSE PAUL
MEUSE THERESA
REGION CODE ADDRESS : 6 BEVERLY ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031506215 MORTGAGORS: BEGOS DENNIS
BEGOS DEBORAH
REGION CODE ADDRESS : 6 WABANAKI WAY
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 341,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,473.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031506629 MORTGAGORS: DAVIS JEFFREY
ROSEN SANDRA
REGION CODE ADDRESS : 344 BROOKLINE STREET
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.83400
----------------------------------------------------------------
0 0031507130 MORTGAGORS: PHAM ANN
NGUYEN LONG
REGION CODE ADDRESS : 14020 ROSE LODGE PLACE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,165.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,599,200.00
P & I AMT: 11,187.54
UPB AMT: 1,598,765.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031507221 MORTGAGORS: COWART JOHN
COWART LAWRENCE
REGION CODE ADDRESS : 4242 GWYNNE AVENUE
01 CITY : MEMPHIS
STATE/ZIP : TN 38117
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,164.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 62.50000
----------------------------------------------------------------
0 0031507379 MORTGAGORS: BETANCOURT ROBERT
BETANCOURT MARIA
REGION CODE ADDRESS : 504 DUBLIN DRIVE
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,522.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031507700 MORTGAGORS: MAGTOTO JOSE
MAGTOTO LILIA
REGION CODE ADDRESS : 586 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 211,192.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,027.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,440.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031508633 MORTGAGORS: LEDDY YVETTE
REGION CODE ADDRESS : 1423 ROMAN DRIVE
01 CITY : ROHNERT PARK
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,661.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,473.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.54540
----------------------------------------------------------------
0 0031509508 MORTGAGORS: MCELVY MICHAEL
MCELVY ROBIN
REGION CODE ADDRESS : 18390 DEL MONTE AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,087.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,018,992.00
P & I AMT: 13,966.04
UPB AMT: 2,017,576.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031510266 MORTGAGORS: FILLO STEPHEN
REGION CODE ADDRESS : 22 CONISTON COURT
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 735,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 735,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,139.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031510514 MORTGAGORS: DOUCETTE DANIEL
DOUCETTE BONNIE
REGION CODE ADDRESS : 219 RIVER RD
01 CITY : W NEWBURY
STATE/ZIP : MA 01985
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.96600
----------------------------------------------------------------
0 0031510555 MORTGAGORS: KRAMMER KEVIN
KRAMMER PATRICIA
REGION CODE ADDRESS : 14 GREAT WOOD LANE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,480.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031510795 MORTGAGORS: KUBLER MARY JANE
WIRKA JOSEPH
REGION CODE ADDRESS : 95 CREST ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031511488 MORTGAGORS: RICHARDSON RAUL
RICHARDSON LISA
REGION CODE ADDRESS : 806 SOUTH FREMONT STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.95400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,248,250.00
P & I AMT: 15,783.51
UPB AMT: 2,248,060.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511793 MORTGAGORS: BINDBEUTEL DANIEL
BINDBEUTEL SARAH
REGION CODE ADDRESS : 3901 WINTERSET DRIVE
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,417.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512809 MORTGAGORS: VALLEJO ADAM
VALLEJO HELEN
REGION CODE ADDRESS : 8665 RAINTREE DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,733.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.95200
----------------------------------------------------------------
0 0031512916 MORTGAGORS: SINACORI STEPHEN
SINACORI LINDA
REGION CODE ADDRESS : 19 POND VIEW LANE
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.07300
----------------------------------------------------------------
0 0031513054 MORTGAGORS: ULMER DAVID
ULMER CHRISTINE
REGION CODE ADDRESS : 61 KETTLE HOLE ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 52.13100
----------------------------------------------------------------
0 0031513468 MORTGAGORS: BERES RICHARD
BERES GRETCHEN
REGION CODE ADDRESS : 5426 CENTRAL AVENUE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.82400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,400.00
P & I AMT: 9,374.37
UPB AMT: 1,372,953.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031515315 MORTGAGORS: THOMPSON RICK
THOMPSON VALENCIA
REGION CODE ADDRESS : 24256 VIA SANTA CLARA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,462.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.14000
----------------------------------------------------------------
0 0031515489 MORTGAGORS: OSE SCOTT
OSE AIMEE
REGION CODE ADDRESS : 3730 REFLECTIONS DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031515505 MORTGAGORS: SPURLOCK D.
SPURLOCK BEVERLY
REGION CODE ADDRESS : 11039 SOUTH 163RD STREET
01 CITY : GILBERT
STATE/ZIP : AZ 85296
MORTGAGE AMOUNT : 367,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,635.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.12700
----------------------------------------------------------------
0 0031515869 MORTGAGORS: CALDARONE ANTHONY
CALDARONE MARY
REGION CODE ADDRESS : 26 CORAL REEF
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,574.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,826.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
0 0031515901 MORTGAGORS: LURZ JAMES
LURZ ROBIN
REGION CODE ADDRESS : 3815 MAYBERRY AVENUE
01 CITY : BALTIMORE
STATE/ZIP : MD 21206
MORTGAGE AMOUNT : 64,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,761.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 504.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,650.00
P & I AMT: 11,480.41
UPB AMT: 1,587,446.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031516339 MORTGAGORS: MONTAGNA VINCENT
MONTAGNA THERESA
REGION CODE ADDRESS : 13401 CAMBRIA FARMS ROAD
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031516388 MORTGAGORS: HART STEPHEN
HART JENNIFER
REGION CODE ADDRESS : 72 ANNURSNAC HILL ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.48680
----------------------------------------------------------------
0 0031516511 MORTGAGORS: HARRELL WADDELL
HARRELL BRENDA
REGION CODE ADDRESS : 5233 REYNIER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.04760
----------------------------------------------------------------
0 0031516750 MORTGAGORS: CROSBY JOHN
CROSBY LORI
REGION CODE ADDRESS : 230 NEW CANAAN AVENUE, UNIT 30
01 CITY : NORWALK
STATE/ZIP : CT 06850
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031517733 MORTGAGORS: BOSLEY NANCY
REGION CODE ADDRESS : 16 OLD CASTLE DRIVE
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.41573
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,000.00
P & I AMT: 11,129.21
UPB AMT: 1,614,792.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031517758 MORTGAGORS: KALNA RONALD
KALNA MARY
REGION CODE ADDRESS : 4000 BLUE SPRUCE ROAD
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,511.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031517774 MORTGAGORS: LAUNCHBAUGH JOEL
LAUNCHBAUGH KIMBERLY
REGION CODE ADDRESS : 239 NORTH MAY AVENUE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,222.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031518186 MORTGAGORS: LASKA THOMAS
LASKA MARY
REGION CODE ADDRESS : 5550 STATE ROAD AJ
01 CITY : WASHINGTON
STATE/ZIP : MO 63090
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,384.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.36500
----------------------------------------------------------------
0 0031519762 MORTGAGORS: BROGAN MARK
SEGUI LISA
REGION CODE ADDRESS : 305 EXETER ROAD
01 CITY : EASTTOWN
STATE/ZIP : PA 19333
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,471.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031519853 MORTGAGORS: MURRAY ALAN
REGION CODE ADDRESS : 3402 EAST MISSION LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85028
MORTGAGE AMOUNT : 301,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,531.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.43700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,345,150.00
P & I AMT: 9,260.62
UPB AMT: 1,343,650.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520786 MORTGAGORS: DAVIS JAMES
DAVIS VICTORIA
REGION CODE ADDRESS : 995 BUCHAN DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031521040 MORTGAGORS: TRIGUBOFF KEIKO
REGION CODE ADDRESS : 158-60 MISSOURI STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,767.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031521073 MORTGAGORS: SENDER JOEL
REGION CODE ADDRESS : 4427 DOUGLAS AVENUE
01 CITY : RIVERDALE
STATE/ZIP : NY 10471
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,680.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.04000
----------------------------------------------------------------
0 0031521164 MORTGAGORS: ROSSI MICHAEL
LILIE JESSICA
REGION CODE ADDRESS : 1413 CAROLINE STREET
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,666.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031521735 MORTGAGORS: MANDAC BENJAMIN
MANDAC BRENDA
REGION CODE ADDRESS : 1558 GUADALAJARA DRIVE
01 CITY : SAN JOSE,
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.15780
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,500.00
P & I AMT: 11,384.52
UPB AMT: 1,612,642.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522360 MORTGAGORS: DONLEY BRIAN
DONLEY ELIZABETH
REGION CODE ADDRESS : 39 LIDO BOULEVARD
01 CITY : LIDO BEACH
STATE/ZIP : NY 11561
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031523145 MORTGAGORS: BARNETT JUDITH
REGION CODE ADDRESS : 4373 EMBASSY PARK
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,833.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031524903 MORTGAGORS: HAYNES D
HAYNES CINDY
REGION CODE ADDRESS : 4766 TURNBERRY LANE
01 CITY : COLUMBUS
STATE/ZIP : GA 31909
MORTGAGE AMOUNT : 252,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031525041 MORTGAGORS: RITCHIE MARGIT
REGION CODE ADDRESS : 214 ROOSEVELT WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 213,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,337.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,474.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031525371 MORTGAGORS: LEONIAK STACEY
LEONIAK JOHN
REGION CODE ADDRESS : 1 LAVENDER DRIVE
01 CITY : PISCATAWAY
STATE/ZIP : NJ 08854
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.77900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,183,800.00
P & I AMT: 8,152.11
UPB AMT: 1,183,471.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031525496 MORTGAGORS: WEISBERG IRA
WEISBERG SHERRY
REGION CODE ADDRESS : 4837 HANGING MOSS LANE
01 CITY : SARASOTA
STATE/ZIP : FL 34238
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.06600
----------------------------------------------------------------
0 0031525959 MORTGAGORS: WOODS DALE
WOODS MARGARET
REGION CODE ADDRESS : 8 BACORN DR
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,822.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.93600
----------------------------------------------------------------
0 0031525967 MORTGAGORS: HAMM JOANN
REGION CODE ADDRESS : 654 KATHY LANE
01 CITY : SCHAUMBURG
STATE/ZIP : IL 60193
MORTGAGE AMOUNT : 309,944.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,719.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031526007 MORTGAGORS: PADILLA JOHN
BERNABE REGINA
REGION CODE ADDRESS : 20805 CHATEAU AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.85500
----------------------------------------------------------------
0 0031526288 MORTGAGORS: ROMANIOUK OLEG
ROMANIOUK TATIANA
REGION CODE ADDRESS : 44 A & B THATCHER ROAD
01 CITY : SOUTH YARMOUTH
STATE/ZIP : MA 02664
MORTGAGE AMOUNT : 81,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 600.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,241,844.00
P & I AMT: 8,751.89
UPB AMT: 1,241,442.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031526585 MORTGAGORS: MCCARTHY PAMELA
REGION CODE ADDRESS : 2300 BROOKSIDE DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 305,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031527104 MORTGAGORS: PERICH LOUIS
PERICH MARY ELLEN
REGION CODE ADDRESS : 4 WALLACE CIRCLE
01 CITY : LONDONDERRY
STATE/ZIP : NH 03053
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031527146 MORTGAGORS: YASI DANIEL
REGION CODE ADDRESS : 4 SEVILLA ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,109.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.19400
----------------------------------------------------------------
0 0031527484 MORTGAGORS: TIBBOT ROGER
TIBBOT KIRSTIN
REGION CODE ADDRESS : 3334 259TH PLACE S. E.
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 359,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.77800
----------------------------------------------------------------
0 0031527658 MORTGAGORS: TAYLOR SUE
TAYLOR MARK
REGION CODE ADDRESS : 180 SHERIDAN MILL POINT LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.27900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,750.00
P & I AMT: 11,451.70
UPB AMT: 1,673,328.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031528045 MORTGAGORS: ZEHMER JAMES
ZEHMER PRISCILLA
REGION CODE ADDRESS : 3132 QUAIL RUN ROAD
01 CITY : LOS ALAMITOS AREA
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 276,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031528433 MORTGAGORS: EMSWILER THOMAS
EMSWILER SUSAN
REGION CODE ADDRESS : 13313 VIRGINIA WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,182.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.29500
----------------------------------------------------------------
0 0031528649 MORTGAGORS: MODICA VINCENT
MODICA JUDITH
REGION CODE ADDRESS : 2505 SILVER SPUR COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
0 0031528730 MORTGAGORS: MATTEIS RAY
MATTEIS LESLIE
REGION CODE ADDRESS : 207 KINGSBURY DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.22900
----------------------------------------------------------------
0 0031530371 MORTGAGORS: JOHNSON RICHARD
RAMEY SUSAN
REGION CODE ADDRESS : 6 TREETOPS LANE
01 CITY : DANVERS
STATE/ZIP : MA 01923
MORTGAGE AMOUNT : 434,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,892.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,200.00
P & I AMT: 10,009.79
UPB AMT: 1,427,993.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031530470 MORTGAGORS: ZORNOW EILEEN
REGION CODE ADDRESS : 15 BANTRY RD
01 CITY : SOUTHBORO
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.91700
----------------------------------------------------------------
0 0031530645 MORTGAGORS: SPROEHNLE JOHN
SPROEHNLE JEAN
REGION CODE ADDRESS : 1840 APACHE COURT
01 CITY : OLYMPIC VALLEY
STATE/ZIP : CA 96146
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.46500
----------------------------------------------------------------
0 0031530884 MORTGAGORS: PHILLIPS KENT
PHILLIPS TINA
REGION CODE ADDRESS : 5819 N GRAND OAK DRIVE
01 CITY : SPRINGFIELD
STATE/ZIP : MO 65803
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.59100
----------------------------------------------------------------
0 0031531288 MORTGAGORS: WHITE JAMES
WHITE JANIS
REGION CODE ADDRESS : 604 11TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 406,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,990.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,806.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.88900
----------------------------------------------------------------
0 0031531452 MORTGAGORS: CIMINO CHRISTOPHER
CIMINO NANCY
REGION CODE ADDRESS : 56 PARK KNOLL DRIVE
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 253,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.59300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,850.00
P & I AMT: 10,534.94
UPB AMT: 1,501,357.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531478 MORTGAGORS: SCOTT MARIE
REGION CODE ADDRESS : 27 DORCHESTER DRIVE
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0031531528 MORTGAGORS: MARLOWE KENT
MARLOWE ANN
REGION CODE ADDRESS : 2255 N. TUWEAP #38
01 CITY : ST. GEORGE
STATE/ZIP : UT 84770
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031531668 MORTGAGORS: GREENSPAN WILLIAM
GREENSPAN KATHLEEN
REGION CODE ADDRESS : 24 WEST SAN JUAN AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.42500
----------------------------------------------------------------
0 0031531783 MORTGAGORS: MATTEUCCI DAVID
MATTEUCCI EILEEN
REGION CODE ADDRESS : 901 OWHANEE COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.97500
----------------------------------------------------------------
0 0031532427 MORTGAGORS: CARTWRIGHT SCOTT
CARTWRIGHT VICTORIA
REGION CODE ADDRESS : 5550 - 30TH AVENUE NORTHEAST
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,700.00
P & I AMT: 10,747.06
UPB AMT: 1,562,503.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031532484 MORTGAGORS: RILEY JAMES
RILEY CHRISTINE
REGION CODE ADDRESS : 127 BROWNING LANE
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031532542 MORTGAGORS: HANZAWA KENNETH
HANZAWA MARILYN
REGION CODE ADDRESS : 4606 242ND AVENUE SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,784.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.59700
----------------------------------------------------------------
0 0031533144 MORTGAGORS: EPSTEIN DANIEL
EPSTEIN LISA
REGION CODE ADDRESS : 779 BYRNWYCK ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031533367 MORTGAGORS: SCHWANBECK TORSTEN
REGION CODE ADDRESS : 145 CARLTON LANE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.88600
----------------------------------------------------------------
0 0031533656 MORTGAGORS: KENNEALLY DENNIS
KENNEALLY LOIS
REGION CODE ADDRESS : 6470 BRYNWOOD WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,000.00
P & I AMT: 10,741.95
UPB AMT: 1,587,543.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031534670 MORTGAGORS: FISHBEIN KENNETH
FISHBEIN DEBRA
REGION CODE ADDRESS : 515 KELBOURN ROAD
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031534712 MORTGAGORS: KRAUS CARL
KRAUS KATHLEEN
REGION CODE ADDRESS : 25 POST RUN, LOT 13
01 CITY : NEWTON SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,182.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031535222 MORTGAGORS: DACK LE ROY
DACK LOIS
REGION CODE ADDRESS : 5736 FOX COURT
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91701
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,804.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.80800
----------------------------------------------------------------
0 0031535263 MORTGAGORS: LASKOWSKI LAURENCE
LASKOWSKI KATHERINE
REGION CODE ADDRESS : 5865 MORGAN PLACE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,767.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.49400
----------------------------------------------------------------
0 0031535396 MORTGAGORS: FOOTE JOHN
FOOTE DURCILLA
REGION CODE ADDRESS : 1135 GLEN ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,540.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,873.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.55200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,800.00
P & I AMT: 11,694.90
UPB AMT: 1,692,694.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031535511 MORTGAGORS: GRAZIANO VANESSA
O'GRADY KEVIN
REGION CODE ADDRESS : 805 JACKSON STREET
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,811.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70175
----------------------------------------------------------------
0 0031535693 MORTGAGORS: CEA GUILLERMO
CEA M MARTA
REGION CODE ADDRESS : 1035 SALISBURY COURT
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536006 MORTGAGORS: GUNDERMAN JOHN
GUNDERMAN JUDY
REGION CODE ADDRESS : 5934 BLACKBERRY BRIDGE PTH
01 CITY : INVER GROVE HEIGHTS
STATE/ZIP : MN 55077
MORTGAGE AMOUNT : 310,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.43500
----------------------------------------------------------------
0 0031536071 MORTGAGORS: CORNWALL DAVID
CORNWALL PATRICIA
REGION CODE ADDRESS : 4466 E. VIA LOS CABALLOS
01 CITY : PHOENIX
STATE/ZIP : AZ 85028
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0031536378 MORTGAGORS: KING D
KING REBECCA
REGION CODE ADDRESS : 30 STRATFORD ROAD
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.26400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,300.00
P & I AMT: 10,498.45
UPB AMT: 1,528,687.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031536394 MORTGAGORS: JOHNSON N.
JOHNSON JUNG-SOOK
REGION CODE ADDRESS : 2601 ABERDEEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 527,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,067.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,509.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.52631
----------------------------------------------------------------
0 0031536527 MORTGAGORS: HAMAMCHIAN ARDASH
HAMAMCHIAN MARINA
REGION CODE ADDRESS : 430 ANDOVER DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,608.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,472.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.94915
----------------------------------------------------------------
0 0031537764 MORTGAGORS: LUTHER RICHARD
LUTHER VIRGINIA
REGION CODE ADDRESS : 85 PHILLIPS BEACH AVENUE
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031538200 MORTGAGORS: ZHOU PU
PAN YUAN
REGION CODE ADDRESS : 17838 STEADING ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 272,225.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,225.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.97600
----------------------------------------------------------------
0 0031538416 MORTGAGORS: SEGAL RICHARD
SEGAL SHEILA
REGION CODE ADDRESS : 3 GRANADA WAY
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,784,725.00
P & I AMT: 12,136.22
UPB AMT: 1,783,900.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031538507 MORTGAGORS: YOUNG GEORGE
YOUNG ANN
REGION CODE ADDRESS : 842-844 31ST AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 409,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,703.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.50400
----------------------------------------------------------------
0 0031538655 MORTGAGORS: NAGEL ANDREA
NAGEL HARALD
REGION CODE ADDRESS : 50-27 212TH STREET
01 CITY : BAYSIDE
STATE/ZIP : NY 11361
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,572.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031538911 MORTGAGORS: MAYER WILLIAM
MAYER KATHLEEN
REGION CODE ADDRESS : 8 TURLEY COURT
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.61400
----------------------------------------------------------------
0 0031539109 MORTGAGORS: SHANKIN STEVEN
SHANKIN ANNMARIE
REGION CODE ADDRESS : 41 RANCHER PLACE,
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031539216 MORTGAGORS: SMITH ROBERT
ORSI MARJORIE
REGION CODE ADDRESS : 25370 GOLD HILLS DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,362.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,350.00
P & I AMT: 10,527.24
UPB AMT: 1,507,638.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031539919 MORTGAGORS: TASKER CHRISTOPHER
REGION CODE ADDRESS : 36 LATIMER PLACE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,997.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031539927 MORTGAGORS: MILLIGAN VICTOR
MCCONNELL LISA
REGION CODE ADDRESS : 2696 MATTOX CREEK DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 271,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031539992 MORTGAGORS: JOHNSON ROBERT
JOHNSON JENNIFER
REGION CODE ADDRESS : 2325 SOUTH HAMPTON CIRCLE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 169,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,341.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,171.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031540255 MORTGAGORS: SLATER DANIEL
SLATER LAUREL
REGION CODE ADDRESS : 4966 CORLITA COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031540339 MORTGAGORS: MORBIDELLI ROBERT
MORBIDELLI NOEL
REGION CODE ADDRESS : 3899 BLACKSTONE COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,715.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,250.00
P & I AMT: 9,297.60
UPB AMT: 1,363,504.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031540495 MORTGAGORS: TENORIO RENATO
TENORIO SIMEONA
REGION CODE ADDRESS : 12284 GINSTAR COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031540651 MORTGAGORS: MONSOUR WALTER
MONSOUR MARY ANN
REGION CODE ADDRESS : 7022 RICHARDS DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70809
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,638.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031540818 MORTGAGORS: MEEKMA THEODORE
REGION CODE ADDRESS : 3127 BAYSHORE ROAD
01 CITY : SAROSOTA
STATE/ZIP : FL 34234
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541584 MORTGAGORS: KASSOWER EILEEN
JENSEN LISA
REGION CODE ADDRESS : 42 COBLEIGH ROAD
01 CITY : BOXBOROUGH,
STATE/ZIP : MA 01719
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.39400
----------------------------------------------------------------
0 0031541923 MORTGAGORS: HIRSCHFELD THOMAS
HIRSCHFELD JULIE
REGION CODE ADDRESS : 60 SOUTH MOUNTAIN ROAD
01 CITY : NEW CITY
STATE/ZIP : NY 10956
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,941,000.00
P & I AMT: 13,475.03
UPB AMT: 1,940,774.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031542335 MORTGAGORS: MACDONALD NORMAN
MACDONALD PETER
REGION CODE ADDRESS : 58 WAUWINET ROAD
01 CITY : NANTUCKET
STATE/ZIP : MA 02564
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.77700
----------------------------------------------------------------
0 0031542715 MORTGAGORS: KAPLAN HATTIE
PAPISH STEVEN
REGION CODE ADDRESS : 138 CAPTAINS DRIVE
01 CITY : WESTBROOK,
STATE/ZIP : CT 06498
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 56.81800
----------------------------------------------------------------
0 0031542954 MORTGAGORS: ABTS THERESA
REESE LINDEE
REGION CODE ADDRESS : 460 EUCALYPTUS AVENUE
01 CITY : COTATI
STATE/ZIP : CA 94931
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,381.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031543226 MORTGAGORS: MYERS DENNIS
MYERS SARAH
REGION CODE ADDRESS : 4272 NORTH CEDARPINE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,302.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.76000
----------------------------------------------------------------
0 0031543457 MORTGAGORS: CANELO VINCENT
CANELO INGRID
REGION CODE ADDRESS : 1519 SAN RAMON WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.86200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,500.00
P & I AMT: 10,843.50
UPB AMT: 1,535,093.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031543721 MORTGAGORS: WALLACE THOMAS
WALLACE ANGELA
REGION CODE ADDRESS : 12777 MISTY CREEK LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.58200
----------------------------------------------------------------
0 0031544240 MORTGAGORS: SCHEMEL ROBERT
SCHEMEL NANCY
REGION CODE ADDRESS : 11729 SILVERGATE DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 206,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,254.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,478.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031544976 MORTGAGORS: HUBEISHY KHALID
SEBAI RANA
REGION CODE ADDRESS : 1 TENBURY WAY
01 CITY : TOWN OF PERINTON
STATE/ZIP : NY 14450
MORTGAGE AMOUNT : 258,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,875.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031545205 MORTGAGORS: SATO DENICE
REGION CODE ADDRESS : 402 GALLERIA DRIVE #4
01 CITY : SAN JOSE
STATE/ZIP : CA 95134
MORTGAGE AMOUNT : 217,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,199.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,577.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031545452 MORTGAGORS: POSLUNS JOEL
FLITTON MARILYN
REGION CODE ADDRESS : 17 ECHO COURT
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,227,775.00
P & I AMT: 8,516.84
UPB AMT: 1,226,890.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545791 MORTGAGORS: SCHWARTZ WILLIAM
KIOVSKY ELIZABETH
REGION CODE ADDRESS : 2471 SOUTH MILWAUKEE STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031546476 MORTGAGORS: YOUNGER WILLIAM
YOUNGER LISA
REGION CODE ADDRESS : 1746 LAKE STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031547565 MORTGAGORS: NORTHOVER JOHN
DENTON JULIE
REGION CODE ADDRESS : 4831 RIDING RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,661.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,960.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031547771 MORTGAGORS: AZARMAHAN ROYA
REGION CODE ADDRESS : 3505 CAMBRAY WAY
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 298,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,278.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031547862 MORTGAGORS: SCHUMACHER ERICK
REGION CODE ADDRESS : 4249 WOODCLIFF ROAD
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.17500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,810,500.00
P & I AMT: 12,344.34
UPB AMT: 1,809,627.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548183 MORTGAGORS: TOMBERLIN MARK
TOMBERLIN CHRISTINE
REGION CODE ADDRESS : 26192 BRIDLEWOOD DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031548282 MORTGAGORS: JOHNSON CAROL
REGION CODE ADDRESS : 11 ORCHARD CIRCLE
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031548340 MORTGAGORS: STURGEON JESS
STURGEON BARBARA
REGION CODE ADDRESS : 1815 SAMAR DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.82200
----------------------------------------------------------------
0 0031548522 MORTGAGORS: BLOCK ILENE
GORMAN MELISSA
REGION CODE ADDRESS : 491 18TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11215
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 66.66600
----------------------------------------------------------------
0 0031548662 MORTGAGORS: ZHANG HONG
ZHANG TONG
REGION CODE ADDRESS : 2418 ROBERT ROAD
01 CITY : ROWLAND HEIGHTS AREA
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,840.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.42200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,767,000.00
P & I AMT: 12,443.59
UPB AMT: 1,766,473.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548977 MORTGAGORS: CHON CHAE
CHON IN
REGION CODE ADDRESS : 4537 LITTLETON PLACE
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,715.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.60000
----------------------------------------------------------------
0 0031549462 MORTGAGORS: SUMMERS BARBARA
REGION CODE ADDRESS : 5634 RUTHERGLENN DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77096
MORTGAGE AMOUNT : 169,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,117.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,154.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031549512 MORTGAGORS: JOHNSON SANDY
REGION CODE ADDRESS : 1515 LEWISTON AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,732.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.82100
----------------------------------------------------------------
0 0031550304 MORTGAGORS: APPLE GARY
FARNSWORTH DENISE
REGION CODE ADDRESS : 3755 OLD COBBLE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92111
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,915.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031550320 MORTGAGORS: BROWN NEAL
REGION CODE ADDRESS : 5390 YEAGER ROAD
01 CITY : DOUGLASVILLE
STATE/ZIP : GA 30135
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,722.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,350.00
P & I AMT: 10,583.23
UPB AMT: 1,522,203.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031550809 MORTGAGORS: DOOHAN PATRICK
DOOHAN BARBARA
REGION CODE ADDRESS : 25130 CENTURY OAKS CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 393,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,719.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031550908 MORTGAGORS: ADAMS THOMAS
BELL ERIN
REGION CODE ADDRESS : 12 STEDMAN STREET #2
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031551732 MORTGAGORS: POLLARD BILLY
POLLARD NANCY
REGION CODE ADDRESS : 11895 NORTH TOMAHAWK ROAD
01 CITY : PARKER
STATE/ZIP : CO 80138
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,188.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031552136 MORTGAGORS: GROVES-BLOOMQUIST PAUL
REGION CODE ADDRESS : 9869 WINDSOR TERRACE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 281,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031552458 MORTGAGORS: CURTIS SPENCER
CURTIS JEANINE
REGION CODE ADDRESS : 4122 E MC CLELLAN ROAD, #1
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,600.00
P & I AMT: 10,492.33
UPB AMT: 1,525,057.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552656 MORTGAGORS: KERR CHARLES
KERR CHANTAL
REGION CODE ADDRESS : 22043 EAST ROUNDUP DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,829.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.46100
----------------------------------------------------------------
0 0031552672 MORTGAGORS: MAC QUARRIE MICHAEL
MAC QUARRIE ANNIKA
REGION CODE ADDRESS : 13755 DONNER PASS RD
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 458,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,850.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.77700
----------------------------------------------------------------
0 0031552680 MORTGAGORS: EAKIN KARL
EAKIN JEANNE
REGION CODE ADDRESS : 5021 FRANCIS AVENUE
01 CITY : CITY OF CHINO
STATE/ZIP : CA 91710
MORTGAGE AMOUNT : 133,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,906.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 952.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.20500
----------------------------------------------------------------
0 0031552722 MORTGAGORS: FRACISCO PATRICK
FRACISCO COLLETTE
REGION CODE ADDRESS : 3005 CALLE DE LA MESA
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,521.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.11900
----------------------------------------------------------------
0 0031553035 MORTGAGORS: JARDIN SHARON
REGION CODE ADDRESS : 3101 E 2ND ST #1C
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 92,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,848.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 612.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,231,500.00
P & I AMT: 8,670.84
UPB AMT: 1,229,955.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031553050 MORTGAGORS: YOUNG ROBERT
DELONG MARY
REGION CODE ADDRESS : 180 SOUTH STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.39000
----------------------------------------------------------------
0 0031554033 MORTGAGORS: WESTWELL GILBERT
WESTWELL LEE
REGION CODE ADDRESS : 79-555 MANDARINA
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 308,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,373.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.20000
----------------------------------------------------------------
0 0031554652 MORTGAGORS: SPRELLA MARIE
REGION CODE ADDRESS : 17 GROSUNOR COURT
01 CITY : JACKSON
STATE/ZIP : NJ 08527
MORTGAGE AMOUNT : 87,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,531.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 597.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031555287 MORTGAGORS: HAMILTON JOSEPH
HAMILTON SHANNON
REGION CODE ADDRESS : 6301 WOLF PEN BRANCH ROAD
01 CITY : HARRODS CREEK
STATE/ZIP : KY 40027
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.95300
----------------------------------------------------------------
0 0031556327 MORTGAGORS: DEKMAR CHARLES
DEKMAR ALICE
REGION CODE ADDRESS : 316 N. MAIN ST
01 CITY : WILKES-BARRE
STATE/ZIP : PA 18702
MORTGAGE AMOUNT : 39,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,877.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 313.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,059,300.00
P & I AMT: 7,587.48
UPB AMT: 1,058,782.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556715 MORTGAGORS: MONAGHAN KEVIN
JOHNSON RALPH
REGION CODE ADDRESS : 173-179 CHATTANOOGA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 572,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 572,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,097.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.80600
----------------------------------------------------------------
0 0031556830 MORTGAGORS: WAGNER CRAIG
WAGNER DEBORA
REGION CODE ADDRESS : 100 GROGAN'S LAKE DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.61800
----------------------------------------------------------------
0 0031557002 MORTGAGORS: EUBANK FREDERICK
EUBANK ROBIN
REGION CODE ADDRESS : 35 SALT POND ROAD
01 CITY : HAMPTON
STATE/ZIP : VA 23664
MORTGAGE AMOUNT : 59,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,956.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 69.41100
----------------------------------------------------------------
0 0031557200 MORTGAGORS: JONES ROBERT
JONES PAMELA
REGION CODE ADDRESS : 1236 EAST VISTA DEL PLAYA AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92665
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,014.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031557432 MORTGAGORS: MCINTEE PATRICK
MCINTEE MARGARET
REGION CODE ADDRESS : 9 ALTAIR
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,200.00
P & I AMT: 10,877.98
UPB AMT: 1,556,971.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557598 MORTGAGORS: STOCKWELL ROBIN
STOCKWELL SANNE
REGION CODE ADDRESS : 128 ZILS ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 284,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,288.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.70400
----------------------------------------------------------------
0 0031557648 MORTGAGORS: HORNBUCKLE RICHARD
DECKER TRACEY
REGION CODE ADDRESS : 4971 BRADSHAW COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,492.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.35300
----------------------------------------------------------------
0 0031558364 MORTGAGORS: D'AMORE RALPH
REGION CODE ADDRESS : 9851 BIANCA AVENUE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,243.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031558489 MORTGAGORS: GALLOWAY RAYMOND
FLANAGAN CHARLES
REGION CODE ADDRESS : 1421 CAPISTRANO AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 306,485.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,777.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.87830
----------------------------------------------------------------
0 0031558729 MORTGAGORS: GLOSS STANLEY
GLOSS ILENE
REGION CODE ADDRESS : 7 DEROSIER DRIVE
01 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,485.00
P & I AMT: 10,693.55
UPB AMT: 1,531,801.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558828 MORTGAGORS: CRONIN RICHARD
CRONIN RUTH
REGION CODE ADDRESS : 20 ERIN WAY
01 CITY : HOLLISTON
STATE/ZIP : MA 01746
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,974.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031559024 MORTGAGORS: ALBERT CHELLADURAI
ALBERT RUTH
REGION CODE ADDRESS : 179-69 80TH ROAD
01 CITY : JAMAICA ESTATES
STATE/ZIP : NY 11432
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.89500
----------------------------------------------------------------
0 0031559305 MORTGAGORS: REVIS CAROL
REGION CODE ADDRESS : 149 CAMINO DEL SOL
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 164,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,124.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031559362 MORTGAGORS: FOX JUDITH
REGION CODE ADDRESS : 5796 FREEBIRD LANE #105
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,929.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 716.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.29100
----------------------------------------------------------------
0 0031559644 MORTGAGORS: SCHECHTER ROGER
SCHECHTER JANET
REGION CODE ADDRESS : 5010 ZIMMER COVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 603,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 603,334.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,377.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,550.00
P & I AMT: 10,996.51
UPB AMT: 1,562,063.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031559669 MORTGAGORS: SORKIN STANLEY
SORKIN EDYTHE
REGION CODE ADDRESS : 62 LOUIS DRIVE UNIT 30A
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 312,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,467.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
0 0031559768 MORTGAGORS: GARCIA JAIME
GARCIA MEREDITH
REGION CODE ADDRESS : 2216 COOLNGREEN WAY
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 298,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,566.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031559818 MORTGAGORS: PHILLIPS MICHAEL
PHILLIPS BARBARA
REGION CODE ADDRESS : 56 DOWNFIELD WAY
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 417,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,282.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,884.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031560048 MORTGAGORS: GRABOYS THOMAS
REGION CODE ADDRESS : 70 FAIRMOUNT STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 33.84600
----------------------------------------------------------------
0 0031560923 MORTGAGORS: LONG JOSEPH
LONG MARY
REGION CODE ADDRESS : 805 COXSWAIN WAY #2102
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 108,430.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,430.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 739.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,530.00
P & I AMT: 10,212.89
UPB AMT: 1,466,747.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031560956 MORTGAGORS: SMITH CHARLENE
HIGGINBOTHAM KAREN
REGION CODE ADDRESS : 10150 LONGVIEW DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.98900
----------------------------------------------------------------
0 0031561178 MORTGAGORS: MACK WOLFGANG
HANSON-MACK KATHERINE
REGION CODE ADDRESS : 415 24TH AVENUE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 292,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031561202 MORTGAGORS: LUNDIN WILLIAM
LUNDIN JANIS
REGION CODE ADDRESS : 2 MATTINA DRIVE
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.43100
----------------------------------------------------------------
0 0031561723 MORTGAGORS: BUCK MARK
BUCK SUSAN
REGION CODE ADDRESS : 4729 NEWANGA AVENUE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,643.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.85100
----------------------------------------------------------------
0 0031562812 MORTGAGORS: GILBERT STEPHEN
REGION CODE ADDRESS : 7614 YANKEY ST
01 CITY : DOWNEY
STATE/ZIP : CA 90242
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,808.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,400.00
P & I AMT: 10,178.32
UPB AMT: 1,455,256.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563240 MORTGAGORS: KOCKA BRUCE
REGION CODE ADDRESS : 1428 CAUDOR STREET
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.85700
----------------------------------------------------------------
0 0031563364 MORTGAGORS: GARCIA ALFRED
FIELDING GLAUDIA
REGION CODE ADDRESS : 2680 CHARL PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,619.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563513 MORTGAGORS: SIGALA RICARDO
REGION CODE ADDRESS : 341-343 NORTH 16TH STREET
01 CITY : MONTEBELLO
STATE/ZIP : CA 90640
MORTGAGE AMOUNT : 199,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,359.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,429.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031563596 MORTGAGORS: ORIE DONALD
XING BIN
REGION CODE ADDRESS : 3132 FERNCREEK LANE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 246,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,507.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031564388 MORTGAGORS: KUMAR SUDHIR
KUMAR ANITA
REGION CODE ADDRESS : 53 CEDAR HILL LANE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 267,855.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,661.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.95200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,055.00
P & I AMT: 10,028.87
UPB AMT: 1,448,953.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564917 MORTGAGORS: GUTTMAN SAMUEL
REGION CODE ADDRESS : 1420 EAST 22ND STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11210
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,703.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.88235
----------------------------------------------------------------
0 0031565575 MORTGAGORS: ODISHO VICTOR
ODISHO KAMELIA
REGION CODE ADDRESS : 6834 GLENVIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,511.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.99500
----------------------------------------------------------------
0 0031565823 MORTGAGORS: LINK RAYMOND
LINK JUDITH
REGION CODE ADDRESS : 2365 CABALLO RANCHERO DRIVE
01 CITY : DIABLO
STATE/ZIP : CA 94528
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,114.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,160.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031565872 MORTGAGORS: STILLMAN JOHN
STILLMAN ANN
REGION CODE ADDRESS : 1324 AMERICAN WAY
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 383,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,915.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031565906 MORTGAGORS: FLAHERTY GREGG
FLAHERTY JENNIFER
REGION CODE ADDRESS : 1972 WEISS LANE
01 CITY : PENNGROVE
STATE/ZIP : CA 94951
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,940,200.00
P & I AMT: 13,577.42
UPB AMT: 1,938,349.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031566003 MORTGAGORS: MIRANDA CARLOS
MIRANDA DOLORES
REGION CODE ADDRESS : 891 ORCHID COURT
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.92900
----------------------------------------------------------------
0 0031566094 MORTGAGORS: MARTINEZ LENORE
REGION CODE ADDRESS : 4210 GRAYDON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,853.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,384.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031566128 MORTGAGORS: PRATER MITCH
PRATER DIANE
REGION CODE ADDRESS : 23 BRIDGE ROAD
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.09300
----------------------------------------------------------------
0 0031566359 MORTGAGORS: ASCH JEFFREY
ASCH ANNE
REGION CODE ADDRESS : 32 MEADOW DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,190.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031566409 MORTGAGORS: SY ODON
SY NONA
REGION CODE ADDRESS : 4123 MACKAY DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.92200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,400.00
P & I AMT: 9,512.95
UPB AMT: 1,357,394.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031566508 MORTGAGORS: DYRDAHL DENNIS
DYRDAHL SALLY
REGION CODE ADDRESS : 134 VIA NOVELLA
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.96200
----------------------------------------------------------------
0 0031566532 MORTGAGORS: RUZIC VUKAN
RUZIC JEANETTE
REGION CODE ADDRESS : 5 BLACKWATER CANYON ROAD
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 840,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 839,344.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,730.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031566581 MORTGAGORS: LIDDLE DAVID
LIDDLE MARTHA
REGION CODE ADDRESS : 121 EAST ESTELLE LANE
01 CITY : LUCAS
STATE/ZIP : TX 75002
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031566821 MORTGAGORS: GUROY MARY ELLEN
REGION CODE ADDRESS : 355 TULIP ROAD
01 CITY : BOLINAS
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.88600
----------------------------------------------------------------
0 0031567035 MORTGAGORS: KRISS JULIA
KRISS JEROME
REGION CODE ADDRESS : 7100 WOODLAND DRIVE
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22151
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,864,000.00
P & I AMT: 12,907.17
UPB AMT: 1,862,548.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567084 MORTGAGORS: BENNETT JAMES
BENNETT VICTORIA
REGION CODE ADDRESS : 19 HIGHLAND AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 341,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,877.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.02350
----------------------------------------------------------------
0 0031567753 MORTGAGORS: WALTER DAVID
WALTER LAURIE
REGION CODE ADDRESS : 151 HARRIS HILLS DRIVE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.35400
----------------------------------------------------------------
0 0031568108 MORTGAGORS: CRAWFORD DEAN
CRAWFORD ROBIN
REGION CODE ADDRESS : 8025 AMAPOA AVENUE
01 CITY : ATASCADERO
STATE/ZIP : CA 93422
MORTGAGE AMOUNT : 133,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,903.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 941.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.00600
----------------------------------------------------------------
0 0031570393 MORTGAGORS: DELONG JOHN
REGION CODE ADDRESS : 11381 REAGAN STREET
01 CITY : LOS ALIMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 199,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,409.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031570989 MORTGAGORS: URBAN RICHARD
URBAN DONNA
REGION CODE ADDRESS : 10958 LIMERICK AVENUE
01 CITY : CHATSWORTH AREA
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,267,350.00
P & I AMT: 8,803.03
UPB AMT: 1,266,779.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031571151 MORTGAGORS: STEIN THEODORE
STEIN ADELAIDE
REGION CODE ADDRESS : 324 EAST ALBERTA STREET
01 CITY : ANAHEIM
STATE/ZIP : CA 92805
MORTGAGE AMOUNT : 65,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,839.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 432.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 40.62500
----------------------------------------------------------------
0 0031571888 MORTGAGORS: FARRELL CHRISTOPHER
REGION CODE ADDRESS : 2845 WEST SACKETT DRIVE
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,837.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.67500
----------------------------------------------------------------
0 0031572381 MORTGAGORS: AMOROSO WILLIAM
REGION CODE ADDRESS : 2119 MARSH HILL ROAD
01 CITY : MCHENRY
STATE/ZIP : MD 21541
MORTGAGE AMOUNT : 333,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.41600
----------------------------------------------------------------
0 0031573082 MORTGAGORS: KOLBE TODD
REGION CODE ADDRESS : 1556 EAST BROOK
01 CITY : SARASOTA
STATE/ZIP : FL 34239
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,815.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031573298 MORTGAGORS: SHEIKH KAMAL
REGION CODE ADDRESS : 4201 TAZEWELL TERRACE
01 CITY : BURTONSVILLE
STATE/ZIP : MD 20866
MORTGAGE AMOUNT : 84,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 84,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 578.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 981,000.00
P & I AMT: 6,960.25
UPB AMT: 980,492.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031573371 MORTGAGORS: WALWYN BRIAN
WALWYN KRISTEN
REGION CODE ADDRESS : 34 DORCHESTER DRIVE
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.07500
----------------------------------------------------------------
0 0031573496 MORTGAGORS: WILSON JAMES
WILSON FRANCES
REGION CODE ADDRESS : 3978 NORTHWEST BROOKVIEW WAY
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.99300
----------------------------------------------------------------
0 0031574353 MORTGAGORS: NORTHRUP JEFFREY
REGION CODE ADDRESS : 17781 PRESCOTT LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 238,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,995.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.62800
----------------------------------------------------------------
0 0031574452 MORTGAGORS: WALKER PETER
WALKER LENORE
REGION CODE ADDRESS : 2381 MAPLE AVENUE
01 CITY : PEEKSKILL
STATE/ZIP : NY 10566
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031574775 MORTGAGORS: TROXLER LEE
TROXLER JOSETTE
REGION CODE ADDRESS : 825 LAS PALMAS DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93110
MORTGAGE AMOUNT : 584,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 583,555.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,033.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.52381
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,683,950.00
P & I AMT: 11,692.76
UPB AMT: 1,683,150.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575830 MORTGAGORS: TRUGLIO VICTOR
TRUGLIO LAURA
REGION CODE ADDRESS : 33 SUMMIT PLACE
01 CITY : STATEN ISLAND
STATE/ZIP : NY 10312
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,739.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031576465 MORTGAGORS: ESQUEDA LARRY
ESQUEDA ROSA
REGION CODE ADDRESS : 1501 SIVERWOOD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90041
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031576838 MORTGAGORS: DI TOMMASO SANDRA
DI TOMMASO NICHOLAS
REGION CODE ADDRESS : 8 BRIARWOOD COURT
01 CITY : WARWICK
STATE/ZIP : NY 10990
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.15100
----------------------------------------------------------------
0 0031578404 MORTGAGORS: RANDLE ROBERT
RANDLE MARCELA
REGION CODE ADDRESS : 10141 WHISPERING FOREST DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.79700
----------------------------------------------------------------
0 0031578461 MORTGAGORS: GREENBURG JAMES
GREENBERG JULIE
REGION CODE ADDRESS : 102 BYRON ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,600.00
P & I AMT: 9,993.89
UPB AMT: 1,371,736.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578487 MORTGAGORS: KOSCHEKA JOHN
CONROY TRISH
REGION CODE ADDRESS : 12006 CLARKSON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,826.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031578495 MORTGAGORS: WARRICK GREG
WARRICK SUSAN
REGION CODE ADDRESS : 1156 TERESA LANE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 390,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,210.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,730.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 43.87600
----------------------------------------------------------------
0 0031578537 MORTGAGORS: LOWENSTEIN MANFRED
LOWENSTEIN ARLENE
REGION CODE ADDRESS : 313 LEWIS WARF
01 CITY : BOSTON
STATE/ZIP : MA 02110
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.76400
----------------------------------------------------------------
0 0031578578 MORTGAGORS: SHERWOLD GARY
SHERWOLD KEELY
REGION CODE ADDRESS : 15 WINDFLOWER
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 402,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,186.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,745.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031579733 MORTGAGORS: DANIELS KENNETH
REGION CODE ADDRESS : 1023 SAGEBUSH LANE
01 CITY : CITY OF NORCO
STATE/ZIP : CA 91760
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,869.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,274.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.73600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,000.00
P & I AMT: 10,583.00
UPB AMT: 1,528,092.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031580251 MORTGAGORS: DAVIS ERNEST
DAVIS BRENDA
REGION CODE ADDRESS : 7 OAKMERE PLACE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 235,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,525.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031581812 MORTGAGORS: SILVESTRI WILLIAM
SILVESTRI KAREN
REGION CODE ADDRESS : 7 OLDE VILLAGE ROAD
01 CITY : SALEM
STATE/ZIP : NH 03079
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.51000
----------------------------------------------------------------
0 0031582174 MORTGAGORS: WEISS JON
REGION CODE ADDRESS : 337 EATON LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 262,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,809.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.93902
----------------------------------------------------------------
0 0031582257 MORTGAGORS: ZAMPINO MICHAEL
ZAMPINO ANGELA
REGION CODE ADDRESS : 5302 EAST ANGELA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,602.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.05500
----------------------------------------------------------------
0 0031582703 MORTGAGORS: CHEEK BRIAN
CHEEK DEANA
REGION CODE ADDRESS : 12813 DEWEY STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,200.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,313,300.00
P & I AMT: 9,185.49
UPB AMT: 1,312,137.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031583420 MORTGAGORS: COLVIN MICHAEL
COLVIN JEAN
REGION CODE ADDRESS : 13506 CYPRESS POND DRIVE
01 CITY : CYPRESS
STATE/ZIP : TX 77429
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031584097 MORTGAGORS: ASKES PETER
ASKES LUCILLE
REGION CODE ADDRESS : 17 WALLACE BOULEVARD
01 CITY : HILLSBOROUGH TOWNSHIP
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.92300
----------------------------------------------------------------
0 0031584733 MORTGAGORS: MURO CARLOS
REGION CODE ADDRESS : 4002 WILLALEE AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,814.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
0 0031585870 MORTGAGORS: MORRISON R
MORRISON DEBORAH
REGION CODE ADDRESS : 2865 HILLCREST LANE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.14000
----------------------------------------------------------------
0 0031586464 MORTGAGORS: DOHR WILLIAM
DOHR TERESA
REGION CODE ADDRESS : 1704 S PROSPECT AVE
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,221,800.00
P & I AMT: 8,537.93
UPB AMT: 1,221,614.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031586662 MORTGAGORS: BECK SJOERD
BECK ELIZABETH
REGION CODE ADDRESS : 8397 SCARLET GLEN COURT
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,760.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.20200
----------------------------------------------------------------
0 0031587280 MORTGAGORS: RICHARDSON DAVID
RICHARDSON KATHLEEN
REGION CODE ADDRESS : 420 IVY HALL
01 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,355.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031587314 MORTGAGORS: MCCOWAN ANTHONY
REGION CODE ADDRESS : 228 JAMESTOWN AVE
01 CITY : JONESBORO
STATE/ZIP : GA 30236
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031587348 MORTGAGORS: SCHWAB CHARLES
SCHWAB MARJORIE
REGION CODE ADDRESS : 316 MILL CREEK ROAD
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031587363 MORTGAGORS: RACIOPPI BARBARA
RACIOPPI STEPHEN
REGION CODE ADDRESS : 2229 BRIGHT WATER DRIVE
01 CITY : SNELLVILLE
STATE/ZIP : GA 30078
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.96200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,802,000.00
P & I AMT: 12,616.42
UPB AMT: 1,801,515.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587520 MORTGAGORS: DANIELZADEH ROBERT
REGION CODE ADDRESS : 8220 TANFORAN COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 311,446.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,190.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031587546 MORTGAGORS: BENZAKEN AMANDA
REGION CODE ADDRESS : 7267 CLINTON STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031587611 MORTGAGORS: HOLLINGSWORTH JOHN
HOLLINGSWORTH SUSAN
REGION CODE ADDRESS : 3825 MESA VISTA WAY
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,765.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587629 MORTGAGORS: ARMSTRONG JOHN
ARMSTRONG DOROTHY
REGION CODE ADDRESS : 113 SAN AUGUSTINE WAY
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,810.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96600
----------------------------------------------------------------
0 0031587637 MORTGAGORS: SUKCHAI EDDIE
REGION CODE ADDRESS : 2173 CALLE OLA VERDE #189
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 106,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,610.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 700.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.03700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,228,746.00
P & I AMT: 8,565.05
UPB AMT: 1,227,976.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587769 MORTGAGORS: BURKE JAMES
BURKE CYNTHIA
REGION CODE ADDRESS : 3940 SHADOWOOD LANE
01 CITY : HICKORY
STATE/ZIP : NC 28601
MORTGAGE AMOUNT : 238,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031587967 MORTGAGORS: MAZZARA VINCENT
REGION CODE ADDRESS : 25 NORTHSTAR STREET UNIT NO. 6
01 CITY : MARINA DEL REY
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,688.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588007 MORTGAGORS: GODWIN WILLIAM
BURKE-GODWIN BETH
REGION CODE ADDRESS : 1493 EDGEWOOD LANE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 596,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 596,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,224.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588288 MORTGAGORS: DELGADO FERNANDO
DELGADO LULU
REGION CODE ADDRESS : 3623 LITTLE COTTONWOOD LANE
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.63200
----------------------------------------------------------------
0 0031588320 MORTGAGORS: LOVE JEFFREY
LOVE CAROL
REGION CODE ADDRESS : 107 DAISY CIRCLE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.07600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,826,250.00
P & I AMT: 13,084.32
UPB AMT: 1,825,938.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031588387 MORTGAGORS: WALMER CHARALYNN
MACEDO ANTHONY
REGION CODE ADDRESS : 4816 ANDREA COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,628.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588395 MORTGAGORS: PATEL HARSHAD
PATEL VINA
REGION CODE ADDRESS : 368 BLUE OAK LANE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,552.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.94100
----------------------------------------------------------------
0 0031588411 MORTGAGORS: ROUSH JAMES
FLANDERS-ROUSH LAURA
REGION CODE ADDRESS : 16420 BONNEY ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,525.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.36800
----------------------------------------------------------------
0 0031589088 MORTGAGORS: HORTON KATHLEEN
HORTON JAMES
REGION CODE ADDRESS : 10 CENTENNIAL WAY
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,786.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031589484 MORTGAGORS: JONES DONALD
JONES SUSAN
REGION CODE ADDRESS : 2621 CARPENTERS GRADE ROAD
01 CITY : MARYVILLE
STATE/ZIP : TN 37803
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,567.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,764,500.00
P & I AMT: 12,357.15
UPB AMT: 1,762,992.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031589575 MORTGAGORS: WILSON CATHERINE
PRATHER KEVIN
REGION CODE ADDRESS : 3606 BEECH STREET
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 117,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 851.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.93100
----------------------------------------------------------------
0 0031589765 MORTGAGORS: NUSBAUM NATHAN
NUSBAUM MARGARET
REGION CODE ADDRESS : 19313 LOS ALIMOS STREET
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,809.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98100
----------------------------------------------------------------
0 0031589831 MORTGAGORS: GIBERSON DALE
GIBERSON MARIE
REGION CODE ADDRESS : 134 BRIDGEVIEW PLACE
01 CITY : PORT LUDLOW
STATE/ZIP : WA 98365
MORTGAGE AMOUNT : 438,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031589922 MORTGAGORS: STONE W
REGION CODE ADDRESS : 15800 S WESTERN AVENUE
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73170
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,061.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031590292 MORTGAGORS: MUSCAT EDWIN
MUSCAT MICHELLE
REGION CODE ADDRESS : 14949 EASTVALE ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 399,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,304.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.86600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,150.00
P & I AMT: 9,306.33
UPB AMT: 1,343,364.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031590391 MORTGAGORS: GRIPPI JOHN
GRIPPI KARI
REGION CODE ADDRESS : 5321 VIA VICENTE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 264,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,098.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.98900
----------------------------------------------------------------
0 0031590409 MORTGAGORS: ORTMAN CHARLES
ORTMAN ANNE
REGION CODE ADDRESS : 28325 LA CALETA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,285.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.29100
----------------------------------------------------------------
0 0031590615 MORTGAGORS: DESMOND COLM
DESMOND JULIE
REGION CODE ADDRESS : 237 1ST PARISH ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031590706 MORTGAGORS: CARBAJAL LEO
CARBAJAL ROBERTA
REGION CODE ADDRESS : 811 HIGHWAY 116
01 CITY : BOSQUE
STATE/ZIP : NM 87006
MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,704.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,193.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031591282 MORTGAGORS: THIES BRADLEY
REGION CODE ADDRESS : 4722 HORTON ROAD
01 CITY : GARFIELD HTS
STATE/ZIP : OH 44125
MORTGAGE AMOUNT : 62,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 62,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 494.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.87500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,044,400.00
P & I AMT: 7,504.30
UPB AMT: 1,043,688.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031591647 MORTGAGORS: DEFLORA THOMAS
DEFLORA KELLI
REGION CODE ADDRESS : 8 JAMES ST
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 105,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,525.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 756.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031591803 MORTGAGORS: MARTIN DAVID
MARTIN CHERYL
REGION CODE ADDRESS : 26 FOUNDERS POINTE NORTH
01 CITY : BLOOMINGDALE
STATE/ZIP : IL 60108
MORTGAGE AMOUNT : 315,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.98800
----------------------------------------------------------------
0 0031591845 MORTGAGORS: HAUG ERIC
HAUG LAURA
REGION CODE ADDRESS : 23501 PORTER CIRCLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031591951 MORTGAGORS: HICKEY GERALD
HICKEY CARLA
REGION CODE ADDRESS : 60402 ROBINETTE ROAD
01 CITY : SAINT HELENS
STATE/ZIP : OR 97051
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,518.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031592058 MORTGAGORS: LEVY SUE
REGION CODE ADDRESS : 907 N. ELMWOOD AVENUE
01 CITY : OAK PARK,
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,238,600.00
P & I AMT: 8,541.65
UPB AMT: 1,238,044.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031592298 MORTGAGORS: KNOBLOCK DAVID
KNOBLOCK LINDA
REGION CODE ADDRESS : 571 SOUTH MULESHOE ROAD
01 CITY : APACHE JUNCTION
STATE/ZIP : AZ 85219
MORTGAGE AMOUNT : 203,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,443.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.99500
----------------------------------------------------------------
0 0031592330 MORTGAGORS: HONEYCUTT THOMAS
HONEYCUTT IRENE
REGION CODE ADDRESS : 1405 PEPPER ROAD
01 CITY : RYDAL
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031592769 MORTGAGORS: MCGAHAN THOMAS
REGION CODE ADDRESS : 35 WALKER TERRACE
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031592868 MORTGAGORS: CONGER WILLIAM
CONGER ALEXIA
REGION CODE ADDRESS : 1297 EAGLE MEADOW COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89123
MORTGAGE AMOUNT : 289,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031593056 MORTGAGORS: HEESCH FRED
HEESCH THERESA
REGION CODE ADDRESS : 5701 FARMBROOK LANE
01 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60014
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,950.00
P & I AMT: 10,230.89
UPB AMT: 1,472,950.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031593387 MORTGAGORS: SCHIEFELBEIN DANIEL
SCHIEFELBEIN KAREN
REGION CODE ADDRESS : 1915 WINDWARD LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,342.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.80900
----------------------------------------------------------------
0 0031594070 MORTGAGORS: ARONOW BRUCE
ARONOW JAMIE
REGION CODE ADDRESS : 157 INVERNESS DRIVE
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.97300
----------------------------------------------------------------
0 0031595093 MORTGAGORS: SHAH VINAY
SHAH BINA
REGION CODE ADDRESS : 732 BRIDLE WAY
01 CITY : FRAMKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,652.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031595556 MORTGAGORS: GLICK PHILIP
GLICK KAREN
REGION CODE ADDRESS : 449 RICHTERS MILL ROAD
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.49100
----------------------------------------------------------------
0 0031595846 MORTGAGORS: LIBBEY MILES
LIBBEY SALLY
REGION CODE ADDRESS : 2 BLUE SPRUCE DRIVE
01 CITY : HOPEWELL TOWNSHIP
STATE/ZIP : NJ 08525
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,051.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.08600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,140,000.00
P & I AMT: 14,504.41
UPB AMT: 2,139,652.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596802 MORTGAGORS: PARKIN KEVIN
REGION CODE ADDRESS : 165 ELM AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 76.65500
----------------------------------------------------------------
0 0031596869 MORTGAGORS: FACKLER DONALD
FACKLER VICKI
REGION CODE ADDRESS : 1808 ALASKA AVENUE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031597263 MORTGAGORS: CALVANI MATTHEW
REGION CODE ADDRESS : 518-518 1/2 NORTH LUCIA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,364.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031597313 MORTGAGORS: MEADOWS STANLEY
MEADOWS JEANNE
REGION CODE ADDRESS : 1876 CAMINO VERA CRUZ
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 276,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,673.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031597651 MORTGAGORS: MOW JONATHAN
MOW DIANA
REGION CODE ADDRESS : 3209 NORTH EAST 26TH COURT
01 CITY : RENTON
STATE/ZIP : WA 98056
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,500.00
P & I AMT: 9,555.22
UPB AMT: 1,357,688.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597925 MORTGAGORS: ILLYES WILLIAM
ILLYES CATHERINE
REGION CODE ADDRESS : 358 SLADE AVENUE
01 CITY : ELGIN
STATE/ZIP : IL 60120
MORTGAGE AMOUNT : 93,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 661.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031598196 MORTGAGORS: SIMON CHARLES
SIMON ARCHANA
REGION CODE ADDRESS : 5921 PEBBLESTONE LANE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.98700
----------------------------------------------------------------
0 0031598238 MORTGAGORS: SARDO JAMES
SARDO CYNTHIA
REGION CODE ADDRESS : 3946 MONTEFRIO COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 306,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,672.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031599046 MORTGAGORS: SHIKAI HIROSHI
SHIKAI KEIKO
REGION CODE ADDRESS : 13366 PORTAL
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,330.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.58200
----------------------------------------------------------------
0 0031599111 MORTGAGORS: ANDROUS SAMUEL
ANDROUS RANDA
REGION CODE ADDRESS : 19915 LISA LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 322,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,935.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,262,100.00
P & I AMT: 8,737.37
UPB AMT: 1,261,438.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599269 MORTGAGORS: EMDE DONALD
EMDE TRACY
REGION CODE ADDRESS : 11 BYRON CLOSE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031599491 MORTGAGORS: BEST ALEXANDER
REGION CODE ADDRESS : 11601 SILVERGATE LANE
01 CITY : BOWIE
STATE/ZIP : MD 20720
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031599509 MORTGAGORS: BARGONA MARC
REED LYNN
REGION CODE ADDRESS : 5688 VIA SALERNO
01 CITY : GOLETA
STATE/ZIP : CA 93117
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,985.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,490.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031599582 MORTGAGORS: DANIEL DALE
REGION CODE ADDRESS : 1237 HENDERSON AVENUE #F
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031599673 MORTGAGORS: SANDSTRUM MATTHEW
REGION CODE ADDRESS : 23669 WOODHAVEN PLACE
01 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,454,250.00
P & I AMT: 10,205.27
UPB AMT: 1,453,383.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599707 MORTGAGORS: SCHIFFENHAUS ROBERT
SCHIFFENHAUS KATHYANN
REGION CODE ADDRESS : 144 FELLS ROAD
01 CITY : ESSEX FELLS
STATE/ZIP : NJ 07021
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,051.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.94600
----------------------------------------------------------------
0 0031600034 MORTGAGORS: FRISCHMON DAVID
FRISCHMON NANCY
REGION CODE ADDRESS : 17853 STEADING ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031600265 MORTGAGORS: BARCARSE DEMETRIO
BARCARSE ROSALINA
REGION CODE ADDRESS : 10972 TOPEKA DRIVE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,821.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.81800
----------------------------------------------------------------
0 0031601222 MORTGAGORS: STEVENS MICHAEL
STEVENS CYNTHIA
REGION CODE ADDRESS : 20022 INGRUM WAY
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,419.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031601263 MORTGAGORS: SCHIFF ERIC
REGION CODE ADDRESS : 711 SUPERBA AVE
01 CITY : VENICE AREA LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,178.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,000.00
P & I AMT: 9,450.50
UPB AMT: 1,355,470.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031601305 MORTGAGORS: SARKAR SOUMITRA
SARKAR DEVJANI
REGION CODE ADDRESS : 1024 DON DIABLO DRIVE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.60800
----------------------------------------------------------------
0 0031601396 MORTGAGORS: THOMAS GREG
THOMAS LEONOR
REGION CODE ADDRESS : 34972 CALLE FORTUNA
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
0 0031601412 MORTGAGORS: MONTELEONE ROBYN-MARIE
REGION CODE ADDRESS : 4178 MENTONE AVENUE
01 CITY : CULVER CITY
STATE/ZIP : CA 90232
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,615.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.51200
----------------------------------------------------------------
0 0031601420 MORTGAGORS: MC NULTY BRIAN
MC NULTY BARBARA
REGION CODE ADDRESS : 4241 DAN WOOD DRIVE #11
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 323,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,671.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031601446 MORTGAGORS: WILKEY CHRIS
WILKEY MARIA
REGION CODE ADDRESS : 4502 AGNES AVENUE
01 CITY : STUDIO CITY AREA CITY OF
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 365,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,235.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,200.00
P & I AMT: 10,946.53
UPB AMT: 1,556,054.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031601479 MORTGAGORS: REYNAL SAMUEL
REYNAL KATHLEEN
REGION CODE ADDRESS : 148 ESCALONA AVENUE
01 CITY : EL GRANDA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031601487 MORTGAGORS: MUELLER MITCHELL
MUELLER LESLIE
REGION CODE ADDRESS : 5580 GOLDENROD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,759.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031601495 MORTGAGORS: WIMMER MIKE
WIMMER VERONICA
REGION CODE ADDRESS : #35 FOREST DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 283,080.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,080.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031601800 MORTGAGORS: HUSAIN ANIS
HUSAIN RUBINA
REGION CODE ADDRESS : 4415 HERITAGE GLEN LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.33600
----------------------------------------------------------------
0 0031601859 MORTGAGORS: SIRATT DONALD
REGION CODE ADDRESS : 134 WAGGONER
01 CITY : FORT WORTH
STATE/ZIP : TX 76108
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,080.00
P & I AMT: 11,631.94
UPB AMT: 1,681,568.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031601982 MORTGAGORS: HANIN SCOTT
BRAY-HANIN LAUREL
REGION CODE ADDRESS : 1 FLETCHER COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 253,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,257.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97993
----------------------------------------------------------------
0 0031602196 MORTGAGORS: SHIVERS LAURA
JACKSON MICHAEL
REGION CODE ADDRESS : 3300 COBBLE BROOK LANE
01 CITY : PLANO
STATE/ZIP : TX 75074
MORTGAGE AMOUNT : 128,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 885.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031602485 MORTGAGORS: GARDYNSKI DANIEL
GARDYNSKI KATHY
REGION CODE ADDRESS : 605 GOLDPOINT TRACE
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,768.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 87.30100
----------------------------------------------------------------
0 0031602683 MORTGAGORS: USHER BRENDA
REGION CODE ADDRESS : 71 JORDAN AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,753.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602840 MORTGAGORS: ZINKE RICHARD
ZINKE JANNA
REGION CODE ADDRESS : 24661 KINGS ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,994.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,900.00
P & I AMT: 8,919.79
UPB AMT: 1,306,974.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031602865 MORTGAGORS: WILSON ALLAN
WILSON ISABEL
REGION CODE ADDRESS : 2425 DOOLITTLE AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,439.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.18600
----------------------------------------------------------------
0 0031602881 MORTGAGORS: MEHTA VIJAY
MEHTA SHUBHADA
REGION CODE ADDRESS : 24216 BROOKWOOD DRIVE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 289,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,190.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.58536
----------------------------------------------------------------
0 0031603095 MORTGAGORS: KERNEA RALPH
KERNEA JERRY
REGION CODE ADDRESS : 2972 LOWE TRAIL
01 CITY : MARIETTA
STATE/ZIP : GA 30066
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,403.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031603129 MORTGAGORS: BARRON WILLIAM
BARRON LOIS
REGION CODE ADDRESS : 5170 BRITTEN LANE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 340,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.09900
----------------------------------------------------------------
0 0031603707 MORTGAGORS: SINGER KURT
SINGER KATHERINE
REGION CODE ADDRESS : 717 BALBOA AVENUE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,832.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 40.79100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,738,450.00
P & I AMT: 12,082.88
UPB AMT: 1,737,912.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031603723 MORTGAGORS: VALAINIS GREGORY
VALAINIS PHYLLIS
REGION CODE ADDRESS : 3 WOODBURN RIDGE ROAD
01 CITY : SPARTANBURG
STATE/ZIP : SC 29302
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.47300
----------------------------------------------------------------
0 0031603855 MORTGAGORS: RIESEN GARY
RIESEN GERALDINE
REGION CODE ADDRESS : 4355 CORONET DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 300,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,071.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.06000
----------------------------------------------------------------
0 0031604127 MORTGAGORS: RICE PAUL
REGION CODE ADDRESS : 638 PALISADES DRIVE
01 CITY : PACIFIC PALISADES AREA LO
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,676.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.28300
----------------------------------------------------------------
0 0031604184 MORTGAGORS: ALAMARES ANTHONY
ALAMARES CAROLINE
REGION CODE ADDRESS : 2731 ARMOUR LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 175,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,476.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,258.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.16600
----------------------------------------------------------------
0 0031604242 MORTGAGORS: HACKER ROY
HACKER MARILYN
REGION CODE ADDRESS : 12384 RIDGE DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,688.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,277.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,400.00
P & I AMT: 11,576.03
UPB AMT: 1,642,413.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031604259 MORTGAGORS: PUNSALAN MANUEL
PUNSALAN CONCEPCION
REGION CODE ADDRESS : 919 FOXGLOVE COURT
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,745.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.82300
----------------------------------------------------------------
0 0031604333 MORTGAGORS: GONZALEZ JERRY
GONZALEZ BERNADINE
REGION CODE ADDRESS : 8028 GONZAGA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,766.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.86600
----------------------------------------------------------------
0 0031604341 MORTGAGORS: JACKSON CHARLES
JACKSON KATHEANN
REGION CODE ADDRESS : 2422 EAST COBBLESTONE WAY
01 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.26781
----------------------------------------------------------------
0 0031604796 MORTGAGORS: CHAN PHILIP
LOH REBECCA
REGION CODE ADDRESS : 11337 WILLS CREEK ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 278,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,693.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031604812 MORTGAGORS: LAMPE STEPHEN
REGION CODE ADDRESS : 13038 GREENLEAF STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,727.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.86200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,800.00
P & I AMT: 12,317.94
UPB AMT: 1,750,932.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031604846 MORTGAGORS: BRYANT JOHN
BRYANT JULIE
REGION CODE ADDRESS : 3600 CROWNHILL DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,511.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0031604887 MORTGAGORS: MCDARIS ROBERT
MCDARIS WENDY
REGION CODE ADDRESS : 2246 SPRUCE STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,749.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,448.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031604903 MORTGAGORS: KILLAM PETER
KILLAM JAMIE
REGION CODE ADDRESS : 11506 VILLAGE RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,413.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031604929 MORTGAGORS: MOSSMAN DAVID
MOSSMAN BIANCA
REGION CODE ADDRESS : 2324 PORT LERWICK PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 458,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,283.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,124.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031604937 MORTGAGORS: SULLIVAN FRANK
REGION CODE ADDRESS : 369 GARDENIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 371,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,018.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,350.00
P & I AMT: 11,254.05
UPB AMT: 1,640,614.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031605439 MORTGAGORS: BECK ROBERT
BECK MARTHA
REGION CODE ADDRESS : 2813 SINGLE TREE COVE
01 CITY : CEDAR HILL
STATE/ZIP : TX 75104
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031605959 MORTGAGORS: LEBRON JOSE
ELLIOTT RAMONA
REGION CODE ADDRESS : 5409 LAMBETH ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 315,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031605991 MORTGAGORS: COHN STEPHAN
COHN JACQUELINE
REGION CODE ADDRESS : 538 BROOKS STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,652.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606015 MORTGAGORS: MC AULIFFE WILLIAM
REGION CODE ADDRESS : 440 BRANCIFORTE DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 158,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,882.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,104.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606031 MORTGAGORS: SALAZAR URIOL
SALAZAR MARY
REGION CODE ADDRESS : 3220 JACQUELINE LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 214,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,240.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,499.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,800.00
P & I AMT: 9,316.04
UPB AMT: 1,323,276.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031606098 MORTGAGORS: MINTZ S.
MINTZ GLENDA
REGION CODE ADDRESS : 2105 WALES DRIVE
01 CITY : CARDIFF
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,728.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.91700
----------------------------------------------------------------
0 0031606114 MORTGAGORS: ORTEGA GEORGE
REGION CODE ADDRESS : 4915 MILINE DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,776.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.29200
----------------------------------------------------------------
0 0031606122 MORTGAGORS: RAMEY STEPHEN
RAMEY ANDREA
REGION CODE ADDRESS : 1501 CHESTNUT AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,159.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.47300
----------------------------------------------------------------
0 0031606189 MORTGAGORS: SWEDLOW ALEXANDER
SWEDLOW JOANNE
REGION CODE ADDRESS : 5205 SANDBURG DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95819
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,661.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.19200
----------------------------------------------------------------
0 0031606221 MORTGAGORS: BAUMANN L
BAUMANN TERESA
REGION CODE ADDRESS : 28749 ARIES STREET
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,826.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,000.00
P & I AMT: 9,712.46
UPB AMT: 1,414,152.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031606304 MORTGAGORS: NELSON TARRY
NELSON CAROLYN
REGION CODE ADDRESS : 116 MCMILLAN DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 257,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,588.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.61100
----------------------------------------------------------------
0 0031606361 MORTGAGORS: ENG ANDREW
ENG KATHLEEN
REGION CODE ADDRESS : 5445 EAST ESTATE RIDGE ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,795.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031606379 MORTGAGORS: WOOD ERIC
REGION CODE ADDRESS : 12625 CAMINITO RADIANTE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 258,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,627.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031606445 MORTGAGORS: KAYTON BRUCE
KAYTON DEBORAH
REGION CODE ADDRESS : 11962 MIL PITRERO ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 269,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,678.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031606551 MORTGAGORS: CONROY TIMOTHY
CONROY JILLIAN
REGION CODE ADDRESS : 18725 MARTHA AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,310.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.76744
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,550.00
P & I AMT: 8,925.00
UPB AMT: 1,335,000.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031606734 MORTGAGORS: GARCIA DAVIS
GARCIA V
REGION CODE ADDRESS : 2634 CAMINO DEL NINOS
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,554.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031606825 MORTGAGORS: SCHUDEL GREGG
SCHUDEL CAROL
REGION CODE ADDRESS : 6832 CHELSEA ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606908 MORTGAGORS: GABRIEL CLIFFORD
JONES KAREN
REGION CODE ADDRESS : 2025 THRESAM COURT
01 CITY : GAMBRILLS
STATE/ZIP : MD 21054
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.04300
----------------------------------------------------------------
0 0031606940 MORTGAGORS: RUEDA ROBERT
RUEDA MARY
REGION CODE ADDRESS : 1440 EL TRAVESIA DRIVE
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031607005 MORTGAGORS: SULLIVAN DONALD
SULLIVAN ETHEL
REGION CODE ADDRESS : 11552 NEWPORT AVENUE
01 CITY : SANTA ANA (AREA)
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,515.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,450.00
P & I AMT: 10,041.38
UPB AMT: 1,454,765.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031607831 MORTGAGORS: SALB DENNIS
SALB KAREN
REGION CODE ADDRESS : 4 TUMBLEWEED STREET
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,796.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031608086 MORTGAGORS: WILCOX LAWRENCE
WILCOX JEAN
REGION CODE ADDRESS : 5037 HOOPER LANE
01 CITY : CHICO
STATE/ZIP : CA 95928
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,323.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031608151 MORTGAGORS: BOURLAND ROBERT
BOURLAND ALYSON
REGION CODE ADDRESS : 5885 SYCAMORE AVENUE
01 CITY : RIALTO
STATE/ZIP : CA 92377
MORTGAGE AMOUNT : 252,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,853.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031608235 MORTGAGORS: MOORE KENNETH
REGION CODE ADDRESS : 8752 CANARY AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 342,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,082.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99729
----------------------------------------------------------------
0 0031608417 MORTGAGORS: BLASER CARY
BLASER LORI
REGION CODE ADDRESS : 6131 FAIRHAVEN COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,803.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 32.36800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,900.00
P & I AMT: 9,153.34
UPB AMT: 1,337,859.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031608433 MORTGAGORS: LE HUY
DOAN HIEN
REGION CODE ADDRESS : 6594 WINDFLOWER DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 293,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,337.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98768
----------------------------------------------------------------
0 0031608441 MORTGAGORS: PICHETRUNGSI CHATCHAI
PICHETRUNGSI DARANEE
REGION CODE ADDRESS : 4308 VIA PINZON
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.46800
----------------------------------------------------------------
0 0031608466 MORTGAGORS: ATANOUS CLEIDIN
SIMON-ATANOUS RAMINA
REGION CODE ADDRESS : 4487 EAST RIDGE GATE ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.97400
----------------------------------------------------------------
0 0031608474 MORTGAGORS: HILDER EDWARD
HILDER DEBORAH
REGION CODE ADDRESS : 1613 DAY DRIVE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,721.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.75700
----------------------------------------------------------------
0 0031608490 MORTGAGORS: AYERS PHILLIP
AYERS GEORGIA
REGION CODE ADDRESS : 120 WOODVIEW DRIVE
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,550.00
P & I AMT: 11,063.33
UPB AMT: 1,575,387.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031608508 MORTGAGORS: REID STEPHEN
REID STEPHANIE
REGION CODE ADDRESS : 3170 BERN DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,719.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0031608557 MORTGAGORS: KAPLAN DAVID
KAPLAN INGRID
REGION CODE ADDRESS : 409 FAIRVIEW ROAD
01 CITY : NARBERTH
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.28500
----------------------------------------------------------------
0 0031608631 MORTGAGORS: MARTIN PETER
XU MEIFANG
REGION CODE ADDRESS : 3565 SIERRA ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 426,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,749.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,945.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031608664 MORTGAGORS: PETERSON EDWARD
REAFSNYDER LORRAINE
REGION CODE ADDRESS : 954 KATELLA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,374.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031608920 MORTGAGORS: COSTA CHRISTOPHER
COSTA MELINDA
REGION CODE ADDRESS : 9712 ELROD ROAD
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,818,400.00
P & I AMT: 12,468.89
UPB AMT: 1,816,843.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609092 MORTGAGORS: ALAMILLO LARRY
BORRELLI JANICE
REGION CODE ADDRESS : 11 HAMMOND PLACE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,756.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031609134 MORTGAGORS: ROGERS KEVIN
ROGERS LYNN
REGION CODE ADDRESS : 4446 E. BRADFORD AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.88500
----------------------------------------------------------------
0 0031609142 MORTGAGORS: ROBLES RUDOLPHO
ROBLES PATRICIA
REGION CODE ADDRESS : 4632 SWEET WILLIAM COURT
01 CITY : SALIDA
STATE/ZIP : CA 95368
MORTGAGE AMOUNT : 139,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,361.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 964.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031609159 MORTGAGORS: STIP ARTHUR
STIP PHYLLIS
REGION CODE ADDRESS : 376 EAST AVOCADO CREST ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.00000
----------------------------------------------------------------
0 0031609167 MORTGAGORS: MARTY JOHN
MARTY ALLYSON
REGION CODE ADDRESS : 4675 FIR COURT
01 CITY : ROHNERT PARK
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,821.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,273,650.00
P & I AMT: 8,839.47
UPB AMT: 1,272,507.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609183 MORTGAGORS: ENNIS JONATHAN
KLATTE ARLINE
REGION CODE ADDRESS : 217 DOUGLASS STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,724.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,324.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.64700
----------------------------------------------------------------
0 0031609191 MORTGAGORS: SEEBER MICHAEL
SEEBER CHERYL
REGION CODE ADDRESS : 1459 WINDSOR RIVER ROAD
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0031609217 MORTGAGORS: BUDINGER THOMAS
BUDINGER MIRIAM
REGION CODE ADDRESS : 966 EUCLID AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 439,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,032.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 36.58300
----------------------------------------------------------------
0 0031609225 MORTGAGORS: FENIGSTEIN S
FENIGSTEIN CARROL
REGION CODE ADDRESS : 2178 GUTHERIE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 598,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 597,533.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,079.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.34200
----------------------------------------------------------------
0 0031609233 MORTGAGORS: HAMMER TERENCE
REGION CODE ADDRESS : 1208 VIA DESCANSO
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,590.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,581.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,157,000.00
P & I AMT: 14,743.93
UPB AMT: 2,155,657.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609241 MORTGAGORS: LEVIN ALAN
LEVIN CHRISTINE
REGION CODE ADDRESS : 27 DEERWOOD EAST
01 CITY : IRVINE
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 282,064.52 OPTION TO CONVERT :
UNPAID BALANCE : 281,013.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/25
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.43400
----------------------------------------------------------------
0 0031609258 MORTGAGORS: WALMER JOHN
WALMER DIANE
REGION CODE ADDRESS : 1131 LINCOLN AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,340.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,213.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 45.62800
----------------------------------------------------------------
0 0031609290 MORTGAGORS: FLORES RICHARD
FLORES REBECCA
REGION CODE ADDRESS : 6551 POLO CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 533,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 532,584.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,636.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.04400
----------------------------------------------------------------
0 0031609407 MORTGAGORS: SHIMKUS MICHAEL
GUILFOYLE KIMBERLY
REGION CODE ADDRESS : 2805 SONOMA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,563.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031609423 MORTGAGORS: FLYNN MICHAEL
FLYNN ALICE
REGION CODE ADDRESS : 1930 PORT CARNEY PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 428,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,389.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,034.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.95000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,949,514.52
P & I AMT: 13,696.60
UPB AMT: 1,946,891.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609456 MORTGAGORS: NICHOL CYNTHIA
KUO ROBERT
REGION CODE ADDRESS : 14 ARUNDEL ROAD
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,743.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52800
----------------------------------------------------------------
0 0031609472 MORTGAGORS: ROUHAFZA HASSIB
ROUHAFZA SUSSAN
REGION CODE ADDRESS : 1141 ROCKEFELLER DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,677.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,156.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.33700
----------------------------------------------------------------
0 0031609498 MORTGAGORS: PREJEAN CURTIS
PREJEAN MARY
REGION CODE ADDRESS : 6217 LINDENHURST AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,714.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031609506 MORTGAGORS: TIETJEN JAMES
SILVER TONI
REGION CODE ADDRESS : 469 JEROME AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,806.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.69800
----------------------------------------------------------------
0 0031609522 MORTGAGORS: ASSAF MARK
FERGUSSON PATRICIA
REGION CODE ADDRESS : 109 CLARENDON ROAD
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,746,000.00
P & I AMT: 12,387.03
UPB AMT: 1,744,742.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609548 MORTGAGORS: IMAS ALEXANDER
IMAS LUDMILA
REGION CODE ADDRESS : 12195 FIDELIO WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,800.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.71800
----------------------------------------------------------------
0 0031609555 MORTGAGORS: MCGAHEY DENNIS
MCGAHEY JACQUELINE
REGION CODE ADDRESS : 2931 EAST STONE PINE ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031609597 MORTGAGORS: WILLIAMS BRIAN
WILLIAMS BONNIE
REGION CODE ADDRESS : 365 CAMINO NORTE DRIVE
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,699.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.63600
----------------------------------------------------------------
0 0031609613 MORTGAGORS: LUYBEN JOHN
LUYBEN LINDA
REGION CODE ADDRESS : 4444 FACULTY AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,296.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031609647 MORTGAGORS: ROWE RICHARD
ROWE PAULA
REGION CODE ADDRESS : 1749 CHETAMON COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.78400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,500.00
P & I AMT: 11,124.49
UPB AMT: 1,575,351.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609654 MORTGAGORS: CHOW JENN
FONG KAREN
REGION CODE ADDRESS : 4006 WEST RINCON AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.05800
----------------------------------------------------------------
0 0031609670 MORTGAGORS: FAZAL RAFIQ
FAZEL ELIZABETH
REGION CODE ADDRESS : 1664 WEST HEDDING STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031609902 MORTGAGORS: WILLS ROBERT
WILLS ANNE
REGION CODE ADDRESS : 5 BOULDER BROOK ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.05263
----------------------------------------------------------------
0 0031610033 MORTGAGORS: LYNCH WILLIAM
LYNCH LINDA
REGION CODE ADDRESS : 5365 CYPRESS RESERVE PLACE
01 CITY : WINTER PARK
STATE/ZIP : FL 32792
MORTGAGE AMOUNT : 269,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031610090 MORTGAGORS: BRANT DAVID
BRANT CHERYL
REGION CODE ADDRESS : 116 HANEMAN COVE
01 CITY : LEANDER
STATE/ZIP : TX 78641
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,900.00
P & I AMT: 9,412.55
UPB AMT: 1,335,505.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031610223 MORTGAGORS: MOTSINGER W
MOTSINGER JOAN
REGION CODE ADDRESS : 17598 BELFAST COVE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.03200
----------------------------------------------------------------
0 0031610520 MORTGAGORS: SKOUSEN MICHAEL
SKOUSEN LACHELLE
REGION CODE ADDRESS : 2043 EAST NORCROFT STREET
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031610777 MORTGAGORS: BURWELL JAMES
REGION CODE ADDRESS : 5126 HUMMINGBIRD
01 CITY : HOUSTON
STATE/ZIP : TX 77035
MORTGAGE AMOUNT : 72,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 71,945.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 497.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031610900 MORTGAGORS: SANICOLA DOUGLAS
REGION CODE ADDRESS : 1123 SAGA STREET
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,735.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031610926 MORTGAGORS: ZOUGHI HASSAN
SHAYAN LOBAT
REGION CODE ADDRESS : 9007 ALTO CEDRO DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,673.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.51600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,000.00
P & I AMT: 9,807.11
UPB AMT: 1,417,353.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031611072 MORTGAGORS: PYLVANAINEN KIMMO
PYLVANAINEN KRISTINA
REGION CODE ADDRESS : 27375 PARKLANE WAY
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,866.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,302.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.29700
----------------------------------------------------------------
0 0031611098 MORTGAGORS: BAMBERGER LARRY
REGION CODE ADDRESS : 242 BAY STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0031611486 MORTGAGORS: RILEY DEMOTT
RILEY MARGARET
REGION CODE ADDRESS : 1106 EL PAISANO DRIVE
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 146,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,891.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,020.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611676 MORTGAGORS: BERRY DAVID
BERRY BRENDA
REGION CODE ADDRESS : 5520 VIA SEPULVEDA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,753.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031611809 MORTGAGORS: COSTANZO MARK
COSTANZO SALLY
REGION CODE ADDRESS : 2986 ALTA LAGUNA BOULEVARD
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,719.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,000.00
P & I AMT: 9,200.32
UPB AMT: 1,321,231.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031611817 MORTGAGORS: GOCHA PATRICK
O'KEEFE SHARON
REGION CODE ADDRESS : 995 SOUTH TRISTANIA
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 361,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611833 MORTGAGORS: UENAKA ROBERT
UENAKA KATHLYNN
REGION CODE ADDRESS : 20777 PAMELA WAY
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,623.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,418.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031611858 MORTGAGORS: BONE ROBERT
BONE PATRICIA
REGION CODE ADDRESS : 460 CULEBRA STREET
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.46800
----------------------------------------------------------------
0 0031611908 MORTGAGORS: STRODTBECK PAUL
STRODTBECK SUSAN
REGION CODE ADDRESS : 8 SOVENTE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,750.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031611924 MORTGAGORS: BLUE LINDEN
BLUE CHOLLADA
REGION CODE ADDRESS : 8473 PRESTWICK DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,520.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,351.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,281,600.00
P & I AMT: 15,794.64
UPB AMT: 2,280,160.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031611932 MORTGAGORS: RANDLE STEVEN
RANDLE GRACE
REGION CODE ADDRESS : 20187 LAS ONDAS WAY
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 443,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,645.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,984.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.83300
----------------------------------------------------------------
0 0031611957 MORTGAGORS: MADRID PHILIP
COLLINS-MADRID CHRISTINE
REGION CODE ADDRESS : 1386 SHEFFIELD AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.07100
----------------------------------------------------------------
0 0031612039 MORTGAGORS: LEIGH DOUGLAS
LEIGH ARIANNE
REGION CODE ADDRESS : 1278 VERONICA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 452,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,463.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,166.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031612112 MORTGAGORS: METCHETTE KEN
CHENG SUZANNE
REGION CODE ADDRESS : 6579 SARONI DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.07800
----------------------------------------------------------------
0 0031612120 MORTGAGORS: ZATOPA MICHAEL
STEPHENS ELLEN
REGION CODE ADDRESS : 345 YERBA BUENA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,155.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,135,800.00
P & I AMT: 14,898.44
UPB AMT: 2,134,911.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031612138 MORTGAGORS: LEVINE STEPHEN
LEVINE JACQUELINE
REGION CODE ADDRESS : 2839 MANDEVILLE CANYON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,623.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,418.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.27500
----------------------------------------------------------------
0 0031612153 MORTGAGORS: BERGANTINO JULIO
BERGANTINO TAMAR
REGION CODE ADDRESS : 12143 ADDISON STREET
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 356,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,641.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.89900
----------------------------------------------------------------
0 0031613508 MORTGAGORS: BLAKE ALAN
BLAKE PENDRYL
REGION CODE ADDRESS : 78 THORNLEY DRIVE
01 CITY : CHATHAM TOWNSHIP
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.86600
----------------------------------------------------------------
0 0031613516 MORTGAGORS: FORSTOT JONATHAN
FORSTOT ROCHELLE
REGION CODE ADDRESS : 49 GARRET PLACE
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.70400
----------------------------------------------------------------
0 0031613532 MORTGAGORS: HAGENLOCK RICHARD
HAGENLOCK LAURIE
REGION CODE ADDRESS : 13691 LAS NINAS DRIVE
01 CITY : SANTA ANA (AREA)
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,779.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.31800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,710,900.00
P & I AMT: 12,000.57
UPB AMT: 1,710,044.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031613730 MORTGAGORS: KANS DOUGLAS
REGION CODE ADDRESS : 6800 MANCHESTER DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0031613813 MORTGAGORS: CHIN ALBERT
DAI-CHIN PHIE
REGION CODE ADDRESS : 32725 SOUTH BELAMI LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 277,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,116.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031613847 MORTGAGORS: PILARCHIK LAWRENCE
LOVING SUSAN
REGION CODE ADDRESS : 1417 SAN RAFAEL WAY
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 399,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,210.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.37700
----------------------------------------------------------------
0 0031614068 MORTGAGORS: LARSON CYNTHIA
REGION CODE ADDRESS : 3512 DOVER DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,887.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,022.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.57900
----------------------------------------------------------------
0 0031615107 MORTGAGORS: FINN DONALD
FINN REBECA
REGION CODE ADDRESS : 221 SILVERWOOD DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 423,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,835.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,744.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,550.00
P & I AMT: 10,217.19
UPB AMT: 1,504,550.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031615131 MORTGAGORS: BOHN JAMES
BOHN CHERYL
REGION CODE ADDRESS : 7 WOODBENT DRIVE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 233,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.68000
----------------------------------------------------------------
0 0031615586 MORTGAGORS: ZELLMANN PETER
ZELLMANN SUSAN
REGION CODE ADDRESS : 16138 MEDLAR LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,823.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.49200
----------------------------------------------------------------
0 0031615842 MORTGAGORS: STARK CURTIS
KERNS-STARK MINDY
REGION CODE ADDRESS : 28567 HASKELL CANYON ROAD
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,575.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0031615941 MORTGAGORS: HOWALD PETER
HOWALD LYNNE
REGION CODE ADDRESS : 6411 EAST CALLE DEL NORTE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031616030 MORTGAGORS: STEIN RONALD
STEIN BETSY
REGION CODE ADDRESS : 6635 CAMDEN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,706.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,564.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,900.00
P & I AMT: 9,236.95
UPB AMT: 1,340,255.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031616048 MORTGAGORS: PARK MICHAEL
REGION CODE ADDRESS : 1827 CLIFFORD STREET
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 199,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,062.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,444.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031616063 MORTGAGORS: TUTTLE RICHARD
TUTTLE SUSAN
REGION CODE ADDRESS : 41 WINDSTONE DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031616071 MORTGAGORS: RAMSEY JENNIFER
REGION CODE ADDRESS : 17 FLYING CLOUD COURSE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,047.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031616089 MORTGAGORS: KIDD DAVID
KIDD DEBORAH
REGION CODE ADDRESS : 16565 CLARKES GAP ROAD
01 CITY : PAEONIAN SPRINGS
STATE/ZIP : VA 20129
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031616097 MORTGAGORS: LAWSON MARC
LAWSON SUSAN
REGION CODE ADDRESS : 4204 BAYARD STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,764.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.04800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,550.00
P & I AMT: 9,163.77
UPB AMT: 1,306,802.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031616303 MORTGAGORS: EHART WILLIAM
EHART MAUREEN
REGION CODE ADDRESS : 18161 ROMELLE AVENUE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,774.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.23600
----------------------------------------------------------------
0 0031616345 MORTGAGORS: ADODRA SURENDRA
ADODRA HANSA
REGION CODE ADDRESS : 2847 RUBY VIEW
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 309,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,531.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031616360 MORTGAGORS: NICHOLS MICHAEL
PANARA BETH
REGION CODE ADDRESS : 14525 OAK STREET #H
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,253.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031616428 MORTGAGORS: DOBLAR DREW
DOBLAR CHRISTINE
REGION CODE ADDRESS : 1442 BROOKGLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,587.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.82300
----------------------------------------------------------------
0 0031616469 MORTGAGORS: JANES KURTIS
JANES GABRIELA
REGION CODE ADDRESS : 21689 CANYON HEIGHTS CIRCLE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 257,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,959.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,900.00
P & I AMT: 10,297.84
UPB AMT: 1,474,106.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031616923 MORTGAGORS: MYERS BRUCE
MYERS MARGARET
REGION CODE ADDRESS : 7715 WESTPARK DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,187.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031616956 MORTGAGORS: FISHER ROBERT
FISHER DIANA
REGION CODE ADDRESS : 21858 DE LA LUZ STREET
01 CITY : (WOODLAND HILLS AREA) LOS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,776.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
0 0031617186 MORTGAGORS: GARCIA MARTIN
GARCIA IRMA
REGION CODE ADDRESS : 753 EAST 246TH STREET
01 CITY : (WILMINGTON AREA) LOS ANG
STATE/ZIP : CA 90744
MORTGAGE AMOUNT : 89,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,538.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 649.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031617228 MORTGAGORS: BEAULIEU PETER
BEAULIEU KATHERINE
REGION CODE ADDRESS : 26 LAKESIDE TERRACE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.17100
----------------------------------------------------------------
0 0031617392 MORTGAGORS: STOTHARD HENRY
STOTHARD NAN
REGION CODE ADDRESS : 32935 DANASPRUCE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,114,950.00
P & I AMT: 7,749.82
UPB AMT: 1,114,328.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031617699 MORTGAGORS: BENN MACK
NIXON-BENN DENISE
REGION CODE ADDRESS : 9735 E ROADRUNNER DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 359,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,511.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031618002 MORTGAGORS: PARKHURST JANET
REGION CODE ADDRESS : 105 MT. LYELL DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031618192 MORTGAGORS: RADCLIFFE ANTHONY
REGION CODE ADDRESS : 359 DURANT WAY
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.08100
----------------------------------------------------------------
0 0031618275 MORTGAGORS: CAREY ERIC
CAREY PRISCILLA
REGION CODE ADDRESS : 4041 N 25TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.27200
----------------------------------------------------------------
0 0031618291 MORTGAGORS: MASON JOHN
CAVENDER BEVERLY
REGION CODE ADDRESS : 103 STRACHAN LANE
01 CITY : ST SIMONS ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 43.76000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,488,600.00
P & I AMT: 10,415.71
UPB AMT: 1,488,382.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031618424 MORTGAGORS: LIMONIUS CHARLES
LIMONIUS KAREN
REGION CODE ADDRESS : 26 SCHOOL STREET
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.71400
----------------------------------------------------------------
0 0031619851 MORTGAGORS: SHERWOOD TIMOTHY
SHERWOOD LEE ANN
REGION CODE ADDRESS : 3221 TITANIC DRIVE
01 CITY : STAFFORD
STATE/ZIP : VA 22554
MORTGAGE AMOUNT : 154,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,849.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,092.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031620883 MORTGAGORS: LIECHTY DE VAUN
LIECHTY SONJA
REGION CODE ADDRESS : 2407 NORTH KACHINA
01 CITY : MESA
STATE/ZIP : AZ 85203
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031621733 MORTGAGORS: SULKIN GREGG
SULKIN PAULA
REGION CODE ADDRESS : 16 LONG DRIVE
01 CITY : WESTBORO
STATE/ZIP : MA 01581
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 73.86363
----------------------------------------------------------------
0 0031621808 MORTGAGORS: DONOVAN THOMAS
DONOVAN CATHERINE
REGION CODE ADDRESS : 2237 PEACHTREE LANE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,300.00
P & I AMT: 9,379.19
UPB AMT: 1,315,641.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031624232 MORTGAGORS: BARDA ANDREW
REGION CODE ADDRESS : 1335 COMANCHE DRIVE
01 CITY : ALLEN
STATE/ZIP : TX 75013
MORTGAGE AMOUNT : 124,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 872.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031624398 MORTGAGORS: AMINIAN ALI
AMINIAN TAMMY
REGION CODE ADDRESS : 501 HIGH ST.
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.06100
----------------------------------------------------------------
0 0031624687 MORTGAGORS: WAGNER SCOTT
REGION CODE ADDRESS : 6213 TRAILWOOD DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 219,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,518.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031625478 MORTGAGORS: BERHOLD JEFF
RICHMOND MAUREEN
REGION CODE ADDRESS : 139 SUPERIOR AVENUE
01 CITY : DECATUR
STATE/ZIP : GA 30030
MORTGAGE AMOUNT : 278,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031626112 MORTGAGORS: PIZZO DAVID
PIZZO KAREN
REGION CODE ADDRESS : 709 MILL TRAIL COURT
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 68.60800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,182,800.00
P & I AMT: 8,026.23
UPB AMT: 1,182,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031626328 MORTGAGORS: LEONG FRANKLIN
LEONG JANE
REGION CODE ADDRESS : 1541 KANALUI STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96816
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031626716 MORTGAGORS: FEENEY MICHAEL
FEENEY CAROLE
REGION CODE ADDRESS : 820 GRANT AVENUE
01 CITY : MAYWOOD
STATE/ZIP : NJ 07607
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,753.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 961.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031626757 MORTGAGORS: SCHNABEL ECKHARD
SCHNABEL BARBARA
REGION CODE ADDRESS : 216 TANGLEWOOD DRIVE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 143,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,001.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031627177 MORTGAGORS: SHOUP CHARLES
REGION CODE ADDRESS : 8751 BROOK ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 444,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,224.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.40700
----------------------------------------------------------------
0 0031627961 MORTGAGORS: DICKEY DEBORAH
DICKEY WAYNE
REGION CODE ADDRESS : 4 NEIGHBORLY WAY
01 CITY : BILLERICA
STATE/ZIP : MA 01821
MORTGAGE AMOUNT : 236,570.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,570.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,420.00
P & I AMT: 10,243.18
UPB AMT: 1,444,173.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031628365 MORTGAGORS: DELAPENHA ROBERT
DELAPENHA PAULETTE
REGION CODE ADDRESS : 17429 AVENLEIGH DRIVE
01 CITY : ASHTON
STATE/ZIP : MD 20861
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,735.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031628407 MORTGAGORS: TAYLOR BRADLEY
TAYLOR DEANE
REGION CODE ADDRESS : 701 MANCHESTER COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.81400
----------------------------------------------------------------
0 0031628456 MORTGAGORS: IZATT TED
IZATT TRACY
REGION CODE ADDRESS : 2 MORNING ARBOR PLACE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 274,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,585.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.51400
----------------------------------------------------------------
0 0031628498 MORTGAGORS: PELUSO ROBERT
MARTENSEN-PELUSO PENNY
REGION CODE ADDRESS : 219 LAKEVIEW CIRCLE
01 CITY : MONTGOMERY
STATE/ZIP : TX 77356
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,591.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031628563 MORTGAGORS: HALL JOHN
HALL SUSAN
REGION CODE ADDRESS : 3195 EAGLE WATCH DRIVE
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,395.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,200.00
P & I AMT: 10,431.36
UPB AMT: 1,521,308.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031628589 MORTGAGORS: RUGGERI RICHARD
RUGGERI PAMELA
REGION CODE ADDRESS : 5929 GEMSTONE PLACE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 262,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,439.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.87300
----------------------------------------------------------------
0 0031628621 MORTGAGORS: BRITTINGHAM DONALD
BRITTINGHAM JOAN
REGION CODE ADDRESS : 7111 CHARDON COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,268.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.24300
----------------------------------------------------------------
0 0031628647 MORTGAGORS: LEWYCKYJ ROMAN
LEWYCKYJ BETH
REGION CODE ADDRESS : 8420 MARTINGALE DRIVE
01 CITY : MC LEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 357,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,456.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031628688 MORTGAGORS: WROLSTAD MARK
MAPES MARY
REGION CODE ADDRESS : 5533 SWISS AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75214
MORTGAGE AMOUNT : 318,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,538.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031628704 MORTGAGORS: BURDINE JAMES
BURDINE SHIRLEY
REGION CODE ADDRESS : 4924 SANDESTIN DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,700.00
P & I AMT: 10,267.57
UPB AMT: 1,527,469.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031628720 MORTGAGORS: KOTLER FREDERICK
KOTLER JULIE
REGION CODE ADDRESS : 6433 EMPTY SONG ROAD
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,795.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.32400
----------------------------------------------------------------
0 0031628753 MORTGAGORS: MRENAK GARY
RENTZEL SHARON
REGION CODE ADDRESS : 20912 LAYTON RIDGE DRIVE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,768.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031628779 MORTGAGORS: BOYLE MICHAEL
BOYLE MAUREEN
REGION CODE ADDRESS : 6 FAR HORIZON ROAD
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,762.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031629926 MORTGAGORS: MADDUX DANIEL
REGION CODE ADDRESS : 104 W. SUMMIT
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78212
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,239.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.66600
----------------------------------------------------------------
0 0031629991 MORTGAGORS: MCGREGOR ROBERT
MCGREGOR MOLLY
REGION CODE ADDRESS : 5418 TRACE RIDGE LANE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35244
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,314.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.36100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,000.00
P & I AMT: 10,196.03
UPB AMT: 1,472,880.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031630049 MORTGAGORS: MARTIN WILLIAM
MARTIN WANDA
REGION CODE ADDRESS : 44477 WHITE STONE PLACE
01 CITY : TALL TIMBERS
STATE/ZIP : MD 20690
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.40000
----------------------------------------------------------------
0 0031631526 MORTGAGORS: SEXTON SHAYNE
SEXTON KYRA
REGION CODE ADDRESS : 544 MOUNTAIN PERKINS ROAD
01 CITY : JACKSBORO
STATE/ZIP : TN 37757
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031631559 MORTGAGORS: DICKSON MARK
DICKSON MELODY
REGION CODE ADDRESS : 5821 BENT TWIG ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,728.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.04200
----------------------------------------------------------------
0 0031631567 MORTGAGORS: NIGRO MICHAEL
NIGRO JOANN
REGION CODE ADDRESS : 12705 HITCHCOCK COURT
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
0 0031631575 MORTGAGORS: PLESHAW ROBERT
PLESHAW MARTHA
REGION CODE ADDRESS : 4309 VAN NESS STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 361,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,943.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,527.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.94400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,500.00
P & I AMT: 10,420.09
UPB AMT: 1,513,478.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031631591 MORTGAGORS: HALL R.
HALL BARBARA
REGION CODE ADDRESS : 1315 TURNER AVENUE
01 CITY : GALVESTON
STATE/ZIP : TX 77573
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,772.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.33800
----------------------------------------------------------------
0 0031631609 MORTGAGORS: LYNCH FRANCIS
REGION CODE ADDRESS : 155 EDWARD FOSTER ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031631617 MORTGAGORS: BIERY FREDERICK
STOECKER SALLY
REGION CODE ADDRESS : 11 4TH STREET, N.E.
01 CITY : WASHINGTON
STATE/ZIP : DC 20002
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,762.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0031631625 MORTGAGORS: HAYES JOHN
HAYES CATHERINE
REGION CODE ADDRESS : 39254 BUCHANNON GAP RD
01 CITY : ALDIE
STATE/ZIP : VA 20105
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,772.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.24000
----------------------------------------------------------------
0 0031632169 MORTGAGORS: STEWART LARRY
REGION CODE ADDRESS : 2701 RACQUET CLUB DRIVE
01 CITY : MIDLAND
STATE/ZIP : TX 79705
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,707.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,000.00
P & I AMT: 10,971.48
UPB AMT: 1,588,014.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632540 MORTGAGORS: BURZACCHI ALESSANDRO
BURZACCHI CECILE
REGION CODE ADDRESS : 2010 PARKSIDE CIRCLE SOUTH
01 CITY : BOCA RATON
STATE/ZIP : FL 33486
MORTGAGE AMOUNT : 261,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.80000
----------------------------------------------------------------
0 0031633092 MORTGAGORS: CHARTER MEG
BALLARD KERRI
REGION CODE ADDRESS : 4052 SW COLLEGE STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 278,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,903.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031633100 MORTGAGORS: POTICNY DANIEL
POTICNY STEPHANIE
REGION CODE ADDRESS : 3102 SHADOW DR. WEST
01 CITY : ARLINGTON
STATE/ZIP : TX 76006
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,031.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 92.87900
----------------------------------------------------------------
0 0031633134 MORTGAGORS: HEREN MICHAEL
HEREN ANTONIE
REGION CODE ADDRESS : 17669 MUIR LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.67900
----------------------------------------------------------------
0 0031633183 MORTGAGORS: LACASSE STEVEN
LACASSE MARGARET
REGION CODE ADDRESS : 410 WEDGEWOOD LANE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.46800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,900.00
P & I AMT: 10,070.49
UPB AMT: 1,438,291.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633217 MORTGAGORS: MAGNUSON DOUGLAS
MAGNUSON COLETTE
REGION CODE ADDRESS : 1630 SW PARKWOOD DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97225
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,307.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.62500
----------------------------------------------------------------
0 0031633225 MORTGAGORS: HILEMAN SCOTT
HOLLIS MARSHALL
REGION CODE ADDRESS : 7214 NE 160TH STREET
01 CITY : BOTHELL
STATE/ZIP : WA 98011
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,298.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031633233 MORTGAGORS: WORTMAN MICHAEL
WORTMAN LINDA
REGION CODE ADDRESS : 7711 GINGERBREAD LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,430.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.16600
----------------------------------------------------------------
0 0031633316 MORTGAGORS: BIANCHINI DENNIS
BIANCHINI LYDIA
REGION CODE ADDRESS : 412 EAST CENTRAL AVENUE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,631.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
0 0031633324 MORTGAGORS: STAUDOHAR JAMES
STAUDOHAR KATHLEEN
REGION CODE ADDRESS : 10157 E. BAYVIEW DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,197.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,745.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,500.00
P & I AMT: 10,580.52
UPB AMT: 1,528,865.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633332 MORTGAGORS: D'ACCORDO ARMANDO
D'ACCORDO PHYLLIS
REGION CODE ADDRESS : 167 BEACH 144TH STREET
01 CITY : NEPONSIT
STATE/ZIP : NY 11694
MORTGAGE AMOUNT : 499,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,461.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,621.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.43700
----------------------------------------------------------------
0 0031633373 MORTGAGORS: BURKE DONALD
BURKE JANE
REGION CODE ADDRESS : 3241 LIVINGSTON STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,605.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.94900
----------------------------------------------------------------
0 0031633654 MORTGAGORS: WEINSTEIN MICHAEL
WEINSTEIN MAXINE
REGION CODE ADDRESS : 4504 QUIET BROOK COURT
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 236,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.98400
----------------------------------------------------------------
0 0031633803 MORTGAGORS: OZOBIA NATHAN
OZOBIA COMFORT
REGION CODE ADDRESS : 1533 WESTWOOD DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89102
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,868.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 38.57100
----------------------------------------------------------------
0 0031633852 MORTGAGORS: HOPPER DONALD
DEUCHLER-HOPPER JENNY
REGION CODE ADDRESS : 2354 MOUNTAIN WEST TRAIL
01 CITY : STONE MOUNTAIN
STATE/ZIP : GA 30087
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,875,700.00
P & I AMT: 13,204.91
UPB AMT: 1,873,993.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633860 MORTGAGORS: BLACK RICHARD
BLACK LINDA
REGION CODE ADDRESS : 707 JUNIPER STREET
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 369,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,318.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031633886 MORTGAGORS: SCHLADENHAUFFEN BENJAMIN
REGION CODE ADDRESS : 75 DAWN HEATH CIRCLE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 264,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,498.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0031633977 MORTGAGORS: TRIVISANI THOMAS
TRIVISANI FRANCESCA
REGION CODE ADDRESS : 8130 CANCUN COURT
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,028.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031634017 MORTGAGORS: KOSTER MICHAEL
KOSTER ROBIN
REGION CODE ADDRESS : 537 CARAWAY COURT
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32259
MORTGAGE AMOUNT : 296,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,980.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031634033 MORTGAGORS: BELDEN STEVEN
BELDEN MICHELE
REGION CODE ADDRESS : RT 2 BOX 291 J
01 CITY : AUBREY
STATE/ZIP : TX 76227
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.56200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,750.00
P & I AMT: 9,915.49
UPB AMT: 1,437,649.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031634041 MORTGAGORS: CZARNIEWY KEVIN
CZARNIEWY MARY-LOUISE
REGION CODE ADDRESS : 328 9TH STREET S.E.
01 CITY : WASHINGTON
STATE/ZIP : DC 20003
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,814.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031634108 MORTGAGORS: LUNDMARK PAUL
LUNDMARK ANNMARIE
REGION CODE ADDRESS : 8460 FAIR OAKS PARKWAY
01 CITY : FAIR OAKS RANCH
STATE/ZIP : TX 78006
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031634389 MORTGAGORS: GIBSON JAMES
GIBSON JILL
REGION CODE ADDRESS : 11811 SENDERA LANE
01 CITY : RICHMOND
STATE/ZIP : TX 77469
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,303.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.58500
----------------------------------------------------------------
0 0031635139 MORTGAGORS: STRZEMPEK STANLEY
STRZEMPEK SARAH
REGION CODE ADDRESS : 7502 FLORENCE AVENUE
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60516
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031635188 MORTGAGORS: PURPURA JOSEPH
PURPURA MARGARET
REGION CODE ADDRESS : 4 N 571 MOUNTAIN ASH DRIVE
01 CITY : WAYNE
STATE/ZIP : IL 60184
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,534.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.29600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,304,100.00
P & I AMT: 9,303.83
UPB AMT: 1,303,061.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031635238 MORTGAGORS: PREZIOSO RICHARD
PREZIOSO PATRICIA
REGION CODE ADDRESS : 71 WINSOR PLACE
01 CITY : GLEN RIDGE
STATE/ZIP : NJ 07028
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031635683 MORTGAGORS: PATTERSON JAMES
PATTERSON MARIBEL
REGION CODE ADDRESS : 3589 SILVER FOX PATH
01 CITY : BUFORD
STATE/ZIP : GA 30519
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,024.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031636186 MORTGAGORS: KIRINCICH ELIZABETH
REGION CODE ADDRESS : 1115 SOUTH HAMLIN
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,523.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.75500
----------------------------------------------------------------
0 0031637887 MORTGAGORS: KRZEMINSKI THOMAS
MCIVER JANICE
REGION CODE ADDRESS : 2409 MEADOWBROOK LANE
01 CITY : WESTCHESTER
STATE/ZIP : IL 60154
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.85500
----------------------------------------------------------------
0 0031639958 MORTGAGORS: MORAN THOMAS
MORAN KELLY
REGION CODE ADDRESS : 104 CAMELOT LANE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 428,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,862.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,996.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.19300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,450.00
P & I AMT: 10,156.99
UPB AMT: 1,464,223.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031640261 MORTGAGORS: CRUSHAM MICHAEL
CRUSHAM SUSAN
REGION CODE ADDRESS : 2506 WALNUT KNOB
01 CITY : KINGWOOD
STATE/ZIP : TX 77345
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,801.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031640691 MORTGAGORS: DUPERVAL JACQUES
DUPERVAL CAROLE
REGION CODE ADDRESS : 132 POST ROAD
01 CITY : OLD WESTBURY
STATE/ZIP : NY 11568
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,737.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,494.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031642333 MORTGAGORS: WYSSMAN RAY
ALLEN MARCIA
REGION CODE ADDRESS : 75-5810 KINI LOOP
01 CITY : KAILUA KONA
STATE/ZIP : HI 96740
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,212.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031643653 MORTGAGORS: CORDES ROBERT
REGION CODE ADDRESS : 5254 WINTER VIEW DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22312
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,754.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031643679 MORTGAGORS: ANGEL JOSE
LEE JACQUELIN
REGION CODE ADDRESS : 2495 UNIVERSITY HEIGHTS
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,900.00
P & I AMT: 10,290.99
UPB AMT: 1,504,193.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031644321 MORTGAGORS: CUNNINGHAM MICHAL
CUNNINGHAM WYNONA
REGION CODE ADDRESS : 1584 WOOD DUCK COURT
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22191
MORTGAGE AMOUNT : 253,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,432.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031644354 MORTGAGORS: GROB ERIC
GROB LISA
REGION CODE ADDRESS : 5167 BRITTEN LANE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.77700
----------------------------------------------------------------
0 0031644362 MORTGAGORS: BONNER RAYMOND
BONNER LORETTA
REGION CODE ADDRESS : 10702 CLERMONT AVENUE
01 CITY : GARRETT PARK
STATE/ZIP : MD 20896
MORTGAGE AMOUNT : 243,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.73900
----------------------------------------------------------------
0 0031644420 MORTGAGORS: MCNABB ROBERT
REGION CODE ADDRESS : 9712 MILL RUN DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.23100
----------------------------------------------------------------
0 0031644495 MORTGAGORS: CLASS JOHN
CLASS MARGARET
REGION CODE ADDRESS : 8000 WHITTIER BLVD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 267,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,911.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,550.00
P & I AMT: 9,255.86
UPB AMT: 1,326,771.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031644537 MORTGAGORS: QUICK GARY
REGION CODE ADDRESS : 1494 TOWHEE RUN
01 CITY : OVIEDO
STATE/ZIP : FL 32765
MORTGAGE AMOUNT : 258,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0031644552 MORTGAGORS: BRANT DAVID
BRANT MERRI
REGION CODE ADDRESS : 8607 OAK BROOK LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,828.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031644990 MORTGAGORS: WINDERS RAYMOND
WINDERS SHARON
REGION CODE ADDRESS : 3326 JUST-A-MERE COURT
01 CITY : WINDERMERE
STATE/ZIP : FL 34786
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.07200
----------------------------------------------------------------
0 0031648785 MORTGAGORS: JUNG KYUNG
REGION CODE ADDRESS : 3993 BRIARY WAY
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,372.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.33300
----------------------------------------------------------------
0 0031648876 MORTGAGORS: FERRARO ROBERT
FERRARO RITA
REGION CODE ADDRESS : 11785 E MARIPOSA GRANDE DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.90800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,650.00
P & I AMT: 9,483.47
UPB AMT: 1,360,851.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648884 MORTGAGORS: LEE ALEXANDER
REGION CODE ADDRESS : 559 MILL RUN
01 CITY : PARAMUS
STATE/ZIP : NJ 07652
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,766.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648926 MORTGAGORS: THAMES MARK
THAMES JOANNE
REGION CODE ADDRESS : 983 CROWNEPOINTE LANE
01 CITY : TOWNSHIP OF WEST GOSHEN
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648942 MORTGAGORS: MITCHELL JESSIE
MITCHELL SALLIE
REGION CODE ADDRESS : 2900 TUCKER ROAD
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
0 0031649593 MORTGAGORS: TABBARA MARWAN
SHEHAB MONA
REGION CODE ADDRESS : 20101 NORTHEAST 25 AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33180
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.89473
----------------------------------------------------------------
0 0031650104 MORTGAGORS: PAGAN DAVID
PAGAN LISA
REGION CODE ADDRESS : 1483 NORTHWEST 185TH STREET
01 CITY : SHORELINE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,400.00
P & I AMT: 10,918.65
UPB AMT: 1,544,946.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070007737 MORTGAGORS: SCOTT MICHAEL
SCOTT BRIAN
REGION CODE ADDRESS : 912 MONTEREY BLVD UNIT 3
01 CITY : HERMOSA BEA
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,552.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070033980 MORTGAGORS: MARQUEZ ANASTACIO
MARQUEZ SHARON
REGION CODE ADDRESS : 2196 SHURTLEFF AVENUE
01 CITY : NAPA
STATE/ZIP : CA 94559
MORTGAGE AMOUNT : 78,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,256.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 548.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 41.75221
----------------------------------------------------------------
0 0070056130 MORTGAGORS: KEYASHIAN JOHN
KEYASHIAN AMALIA
REGION CODE ADDRESS : 5716 RIDGEHAVEN DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070057047 MORTGAGORS: GREENE MATTHEW
REGION CODE ADDRESS : 18 INDIAN PIPE DRIVE
01 CITY : QUOGUE
STATE/ZIP : NY 11959
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 83.33333
----------------------------------------------------------------
0 0070057492 MORTGAGORS: GRAY CORY
GRAY TAMRA
REGION CODE ADDRESS : 8093 S PROCTOR FARM CIRCLE
01 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.18079
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,000.00
P & I AMT: 9,092.96
UPB AMT: 1,282,308.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070057807 MORTGAGORS: STONE L
STONE JOYCE
REGION CODE ADDRESS : 5081 LEEDS STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.50000
----------------------------------------------------------------
0 0070070057 MORTGAGORS: THOMAS WADE
THOMAS NANCI
REGION CODE ADDRESS : 1491 FRAUN COURT
01 CITY : SPARKS
STATE/ZIP : NV 89434
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.74725
----------------------------------------------------------------
0 0070073739 MORTGAGORS: BUCHER R
BUCHER LAURA
REGION CODE ADDRESS : 502 LOMA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.86348
----------------------------------------------------------------
0 0070088620 MORTGAGORS: WARD RICHARD
WARD MARGARET
REGION CODE ADDRESS : 1437 PURPLE SAGE DRIVE
01 CITY : GARDNERVILL
STATE/ZIP : NV 89410
MORTGAGE AMOUNT : 83,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 566.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.87500
----------------------------------------------------------------
0 0070094834 MORTGAGORS: NORDLING DOROTHY
REGION CODE ADDRESS : 2624 ELLENTOWN ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.57143
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,000.00
P & I AMT: 9,130.01
UPB AMT: 1,329,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070106406 MORTGAGORS: FRANZE MICHAEL
FRANZE KATHLEEN
REGION CODE ADDRESS : 21225 SIMAY LANE
01 CITY : SANTA CLARI
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.41270
----------------------------------------------------------------
0 0070107123 MORTGAGORS: WONG VICTOR
WONG AMY
REGION CODE ADDRESS : 3021 WELSH WAY
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 345,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,456.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.02222
----------------------------------------------------------------
0 0070109202 MORTGAGORS: FARLEY ROBERT
FARLEY GLORIA
REGION CODE ADDRESS : 28747 WEST PISCES STREET
01 CITY : AGOURA HILL
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070109780 MORTGAGORS: HUNTER ROBERT
HUNTER KAREN
REGION CODE ADDRESS : 821 SOUTH FAIRMONT WAY
01 CITY : ORANGE
STATE/ZIP : CA 92669
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070115852 MORTGAGORS: BARAJAS SAUL
BARAJAS CYNTHIA
REGION CODE ADDRESS : 9 CANNES
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,773.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.74725
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,720.00
P & I AMT: 9,733.92
UPB AMT: 1,403,230.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070119714 MORTGAGORS: GALLEGOS GLORIA
GALLEGOS FRANCINE
REGION CODE ADDRESS : 1330 CORRIDA DE AGUA
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 103,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 714.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 84.06504
----------------------------------------------------------------
0 0070121041 MORTGAGORS: SPENCER KATHIE
PRIETO ALAN
REGION CODE ADDRESS : 60 NORMAL AVENUE
01 CITY : UPPER MONTC
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070126917 MORTGAGORS: DURANT STEPHEN
DURANT JANICE
REGION CODE ADDRESS : 3702 SEASCAPE DRIVE
01 CITY : HUNTINGTON
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.72727
----------------------------------------------------------------
0 0070131057 MORTGAGORS: SCHNEIDER CHARLES
SCHNEIDER MARY ELLEN
REGION CODE ADDRESS : 44 LA VUELTA
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.20000
----------------------------------------------------------------
0 0070134192 MORTGAGORS: RUDA JACQUES
RUDA LISA
REGION CODE ADDRESS : 696 DEXTER STREET
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.15730
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,400.00
P & I AMT: 9,248.92
UPB AMT: 1,349,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070139837 MORTGAGORS: HENSON KIRK
REGION CODE ADDRESS : 1139 WHISPERING HIGHLANDS
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 231,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.04365
----------------------------------------------------------------
0 0070151063 MORTGAGORS: FISHER VANCE
FISHER LINDA
REGION CODE ADDRESS : 5060 EVANWOOD AVENUE
01 CITY : (AGOURA ARE
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 226,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.93651
----------------------------------------------------------------
0 0070152459 MORTGAGORS: LEE RENEE
REGION CODE ADDRESS : 4626 NORTH CHEYENNE STREET
01 CITY : TACOMA
STATE/ZIP : WA 98407
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.62069
----------------------------------------------------------------
0 0070155510 MORTGAGORS: RONEY MARIE
REGION CODE ADDRESS : 209 BARCLIFFE LANE
01 CITY : SCHAUMBURG
STATE/ZIP : IL 60194
MORTGAGE AMOUNT : 50,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 346.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 59.82353
----------------------------------------------------------------
0 0070160056 MORTGAGORS: ANDRADE JOSE
PROCOPS CHRISTINE
REGION CODE ADDRESS : 77 ATHERTON COURT
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.46479
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,012,400.00
P & I AMT: 7,043.23
UPB AMT: 1,012,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070169099 MORTGAGORS: COTE STEVEN
COTE ANDREA
REGION CODE ADDRESS : 4295 BARBARA COURT
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,816.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.57000
----------------------------------------------------------------
0 0070174453 MORTGAGORS: FENTON THOMAS
FENTON MELISSA
REGION CODE ADDRESS : 558 GILES WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 247,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.76119
----------------------------------------------------------------
0 0070174867 MORTGAGORS: BOWLING RICHARD
BOWLING JEAN
REGION CODE ADDRESS : 5009 BLACKHAWK DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,640.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,384.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.24000
----------------------------------------------------------------
0 0070174883 MORTGAGORS: MOSKOVITS LEONARD
RODRIGUEZ JENNIFER
REGION CODE ADDRESS : 66 BRIDGEPORT RD
01 CITY : Newport Coast
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 523,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 522,901.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,614.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.86000
----------------------------------------------------------------
0 0070177266 MORTGAGORS: ZANI MICHAEL
ZANI COURTNEY
REGION CODE ADDRESS : 11805 PACIFIC AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 370,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,503.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,879,200.00
P & I AMT: 13,001.11
UPB AMT: 1,877,962.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070200936 MORTGAGORS: SMITH ANNE
SMITH JACK
REGION CODE ADDRESS : 27860 SADDLE COURT
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,745.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 39.71000
----------------------------------------------------------------
0 0070207147 MORTGAGORS: YOUNGMAN ARNE
YOUNGMAN KATHERINE
REGION CODE ADDRESS : 10 SEA TERRACE
01 CITY : Newport Beach
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,837.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070209523 MORTGAGORS: PEDIGO JAMES
PEDIGO RUTH
REGION CODE ADDRESS : 2273 ALAQUA DRIVE
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 628,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 628,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,395.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.31132
----------------------------------------------------------------
0 0070215496 MORTGAGORS: MCRAE BERNICE
CASEY DENNIS
REGION CODE ADDRESS : 584 S ANDOVER DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.83099
----------------------------------------------------------------
0 0070219365 MORTGAGORS: DICKEY CHRISTOPHER
REGION CODE ADDRESS : 143-143 1/2 MELROSE AVENUE
01 CITY : Monrovia
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,286.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,186,200.00
P & I AMT: 14,962.14
UPB AMT: 2,186,200.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070219563 MORTGAGORS: JONES OTIS
JONES ALICE
REGION CODE ADDRESS : 385 PESCADERO TERRACE
01 CITY : Sunnyvale
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 279,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.66000
----------------------------------------------------------------
0 0070219571 MORTGAGORS: SISNEROS ROGER
JUPINA JOAN
REGION CODE ADDRESS : 16981 BRIERLY COURT
01 CITY : Castro Valley
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.09000
----------------------------------------------------------------
0 0070222351 MORTGAGORS: REILLY KATHLEEN
REGION CODE ADDRESS : 9342 AIRDROME STREET
01 CITY : Los Angeles
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.97000
----------------------------------------------------------------
0 0070228937 MORTGAGORS: LENHERR WAYNE
LENHERR BETTY
REGION CODE ADDRESS : 408 PLEASANT HILL ROAD
01 CITY : Sebastopol
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,344.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.35000
----------------------------------------------------------------
0 0070247820 MORTGAGORS: LIN MIN-TAU
YEH MEI-NA
REGION CODE ADDRESS : 40442 SEVILLE COURT
01 CITY : Fremont
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.65000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,377,750.00
P & I AMT: 9,594.18
UPB AMT: 1,377,750.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG000498113B 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070258090 MORTGAGORS: MINER CAMERON
WILMARTH LORRIE
REGION CODE ADDRESS : 5749 SEIFERT AVENUE
01 CITY : San Jose
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070259023 MORTGAGORS: STARR BETTY
REGION CODE ADDRESS : 923 ADELAINE AVENUE
01 CITY : South Pasadena
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 2
LOAN AMT: 533,400.00
P & I AMT: 3,797.70
UPB AMT: 533,400.00
0 TOTAL NUM OF LOANS: 817
LOAN AMT: 249,928,134.52
P & I AMT: 1,737,353.41
UPB AMT: 249,048,321.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007539554 MORTGAGORS: HOLOVACK ROBERT
HOLOVACK LINDA
REGION CODE ADDRESS : 493 WALTONS FORD COURT
00 CITY : GROVETOWN
STATE/ZIP : GA 30813
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,248.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,000.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/07
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.83908
----------------------------------------------------------------
0 0007669898 MORTGAGORS: FETHERSTON MICHAEL
FETHERSTON THERESE
REGION CODE ADDRESS : 7117 NORTH BARNETT LANE
01 CITY : FOX POINT
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 398,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,607.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,580.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007669997 MORTGAGORS: EDDY STEVEN
EDDY LISA
REGION CODE ADDRESS : 700 NORTH DOBSON ROAD #38
01 CITY : CHANDLER
STATE/ZIP : AZ 85224
MORTGAGE AMOUNT : 408,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,412.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,669.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.62357
----------------------------------------------------------------
0 0007672900 MORTGAGORS: PALMER SUZANNE
PALMER ROBERT
REGION CODE ADDRESS : 1450 SOUTH EAST 16TH TERRACE
01 CITY : CAPE CORAL
STATE/ZIP : FL 33990
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 63,429.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 639.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.96100
----------------------------------------------------------------
0 0007672918 MORTGAGORS: HANDLEY DANIEL
HANDLEY JULIANNA
REGION CODE ADDRESS : 8431 GLENCAIRN
01 CITY : SAGINAW
STATE/ZIP : MI 48609
MORTGAGE AMOUNT : 200,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,114.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,500.00
P & I AMT: 12,809.08
UPB AMT: 1,274,812.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672934 MORTGAGORS: SULLIVAN JOSEPH
SULLIVAN LENORA
REGION CODE ADDRESS : LOT 144 QUEENS HARBOUR YACHT &C.C.
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32225
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,962.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
0 0007672942 MORTGAGORS: BAZAR CHARLES
BAZAR KATHLEEN
REGION CODE ADDRESS : 2203 TIGER POINT ROAD
01 CITY : BRENHAM
STATE/ZIP : TX 77833
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,475.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,502.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007672959 MORTGAGORS: MITCHELL WILLIAM
MITCHELL DORIS
REGION CODE ADDRESS : ROYAL ST.GEORGE'S LANE OFF HIGHWAY
01 CITY : LEESBURG
STATE/ZIP : FL 34748
MORTGAGE AMOUNT : 119,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,809.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.72700
----------------------------------------------------------------
0 0007672967 MORTGAGORS: BREWER RICHARD
BREWER FERN
REGION CODE ADDRESS : 1806 PRESTON TRAIL
01 CITY : HARLINGEN
STATE/ZIP : TX 78552
MORTGAGE AMOUNT : 109,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,479.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 999.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.97500
----------------------------------------------------------------
0 0007672975 MORTGAGORS: COFFINDAFFER ERNEST
COFFINDAFFER CAROL
REGION CODE ADDRESS : 3018 DOGWOOD ROAD
01 CITY : BRIDGEPORT
STATE/ZIP : WV 26330
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,019.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,381.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,265,200.00
P & I AMT: 11,591.03
UPB AMT: 1,244,746.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672983 MORTGAGORS: GRIMALDI NANCY
GRIMALDI FRANK
REGION CODE ADDRESS : 181 LOWELL ROAD
01 CITY : TONAWANDA
STATE/ZIP : NY 14217
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,018.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,035.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0007672991 MORTGAGORS: ZEH KELLY
ZEH KAREN
REGION CODE ADDRESS : 5865 NORTH JULIANO ROAD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,264.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 77.39100
----------------------------------------------------------------
0 0007673007 MORTGAGORS: HARWELL WILLIAM
HARWELL JUDITH
REGION CODE ADDRESS : 941 GLENNVIEW LANE
01 CITY : FRANKLIN
STATE/ZIP : NC 28734
MORTGAGE AMOUNT : 50,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 49,558.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 474.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 40.32200
----------------------------------------------------------------
0 0007673015 MORTGAGORS: JETER BARBARA
JETER JOHN
REGION CODE ADDRESS : 77 FOREST GLEN DRIVE
01 CITY : IMPERIAL
STATE/ZIP : PA 15126
MORTGAGE AMOUNT : 86,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,577.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 776.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007673023 MORTGAGORS: BODELL JOSEPH
REGION CODE ADDRESS : 22014 KELLEYS PARK ROAD
01 CITY : ROCK HALL
STATE/ZIP : MD 21661
MORTGAGE AMOUNT : 51,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,562.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 467.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 564,600.00
P & I AMT: 5,079.46
UPB AMT: 557,981.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007673031 MORTGAGORS: SENDERLING JAMES
GIANGIULIO JEANETTE
REGION CODE ADDRESS : 101 GLASGOW CIRCLE
01 CITY : LANSDALE
STATE/ZIP : PA 19446
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,225.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,185.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.03400
----------------------------------------------------------------
0 0007673064 MORTGAGORS: LEVINSON BARBARA
FORCE RUTH
REGION CODE ADDRESS : 3245 BANTA ROAD
01 CITY : SOUTH PLAINFIELD
STATE/ZIP : NJ 07080
MORTGAGE AMOUNT : 58,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 57,459.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 529.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.33300
----------------------------------------------------------------
0 0007673072 MORTGAGORS: MAU CHARLOTTE
REGION CODE ADDRESS : 1505 CANTERBURY COURT
01 CITY : PERRY
STATE/ZIP : GA 31069
MORTGAGE AMOUNT : 95,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,114.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 867.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007673080 MORTGAGORS: O'BRIEN JAMES
REGION CODE ADDRESS : 563 WEST FERRY
01 CITY : BUFFALO
STATE/ZIP : NY 14222
MORTGAGE AMOUNT : 148,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,925.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,347.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007673098 MORTGAGORS: THOMSEN CURT
THOMSEN SANDRA
REGION CODE ADDRESS : 2350 BALBOA DRIVE
01 CITY : IDAHO FALLS
STATE/ZIP : ID 83404
MORTGAGE AMOUNT : 65,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,393.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 616.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.03200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 501,800.00
P & I AMT: 4,546.35
UPB AMT: 496,118.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007673114 MORTGAGORS: LOBOU ALAN
LOBOU ENID
REGION CODE ADDRESS : 6830 CASTLEMAINE AVENUE
01 CITY : BOYNTON BEACH
STATE/ZIP : FL 33437
MORTGAGE AMOUNT : 85,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,657.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 769.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.17700
----------------------------------------------------------------
0 0007673122 MORTGAGORS: TABORELLI DAVID
REGION CODE ADDRESS : 4455 LOS FELIZ BOULEVARD UNIT 1102
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 100,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,937.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 907.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.71889
----------------------------------------------------------------
0 0007673148 MORTGAGORS: KRIM MURRAY
REGION CODE ADDRESS : 530 EAST 76TH STREET UNIT20 J
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,410.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007673155 MORTGAGORS: BERNSTEIN STEPHEN
BERNSTEIN MARJORY
REGION CODE ADDRESS : 40 ELKLAND ROAD
01 CITY : MELVILLE
STATE/ZIP : NY 11747
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,953.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.56300
----------------------------------------------------------------
0 0007673163 MORTGAGORS: LAURELLA JOSEPH
LAURELLA OPHELIA
REGION CODE ADDRESS : 2492 EAST 1950 NORTH UNIT#5
01 CITY : LAYTON
STATE/ZIP : UT 84040
MORTGAGE AMOUNT : 23,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 22,728.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 218.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 14.37500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 803,200.00
P & I AMT: 7,263.05
UPB AMT: 794,687.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007673171 MORTGAGORS: TATE ERIC
TATE JO ANN
REGION CODE ADDRESS : 404 SOUTH BANCROFT PARKWAY
01 CITY : WILMINGTON
STATE/ZIP : DE 19805
MORTGAGE AMOUNT : 76,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,084.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 701.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007673189 MORTGAGORS: WILLIAMS THOMAS
WILLIAMS SUE
REGION CODE ADDRESS : 11601 PAGANICA WAY NORTH EAST
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,588.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,742.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0007673197 MORTGAGORS: HARAZIM ERNEST
HARAZIM INGRID
REGION CODE ADDRESS : 50 NOHEA KAI DRIVE #2-205
01 CITY : LAHAINA
STATE/ZIP : HI 96761
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,769.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 44.64285
----------------------------------------------------------------
0 0007673205 MORTGAGORS: MARTINEZ GLORIA
REGION CODE ADDRESS : 1658 SOUTH DUDLEY COURT
01 CITY : LAKEWOOD
STATE/ZIP : CO 80232
MORTGAGE AMOUNT : 64,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 63,403.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 584.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.76100
----------------------------------------------------------------
0 0007673213 MORTGAGORS: BITTERLY GARY
BITTERLY DEBRA
REGION CODE ADDRESS : 31 PALMER AVENUE
01 CITY : WEST LONG BRANCH
STATE/ZIP : NJ 07764
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,788.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.73422
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,130,800.00
P & I AMT: 10,588.57
UPB AMT: 1,120,634.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007673221 MORTGAGORS: HENDERSON ROBERT
HENDERSON JANET
REGION CODE ADDRESS : 720 COVINGTON GROVE BOULEVARD
01 CITY : BOWLING GREEN
STATE/ZIP : KY 42104
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,641.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,904.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.43600
----------------------------------------------------------------
0 0007673239 MORTGAGORS: DIFLUMERI ANTHONY
DIFLUMERI ANITA
REGION CODE ADDRESS : 1426 SEQUOIA CIRCLE
01 CITY : DOVER TWP.
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,048.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.75900
----------------------------------------------------------------
0 0007673247 MORTGAGORS: NATSCH LANSE
REGION CODE ADDRESS : 288 WILMOT ROAD
01 CITY : OCEAN BEACH
STATE/ZIP : NY 11770
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,229.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.68500
----------------------------------------------------------------
0 0007673262 MORTGAGORS: RYDER JOHN
RYDER ANN
REGION CODE ADDRESS : 44 HAMPTON LANE
01 CITY : BETHANY BEACH
STATE/ZIP : DE 19930
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,350.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,727.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.73000
----------------------------------------------------------------
0 0007673296 MORTGAGORS: MCLAUGHLIN MICHAEL
MCLAUGHLIN MARIE
REGION CODE ADDRESS : 37 ABBINGTON LANE
01 CITY : WASHINGTON TWP.
STATE/ZIP : NJ 08080
MORTGAGE AMOUNT : 37,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 36,963.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 352.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 30.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,500.00
P & I AMT: 13,505.67
UPB AMT: 1,464,233.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007673304 MORTGAGORS: STANTON JOHN
REGION CODE ADDRESS : 6330 LORING DRIVE
01 CITY : COLUMBIA
STATE/ZIP : MD 21045
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,858.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,204.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007673320 MORTGAGORS: ROGERS JONATHAN
ROGERS LAURIE
REGION CODE ADDRESS : 7703 CROSSLAND ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21208
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,885.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,787.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 68.08500
----------------------------------------------------------------
0 0031004062 MORTGAGORS: HARPER CHARLES
HARPER GLORIA
REGION CODE ADDRESS : 2825 E. SWEETBRIAR
01 CITY : EDMOND
STATE/ZIP : OK 73034
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,860.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.17600
----------------------------------------------------------------
0 0031026354 MORTGAGORS: SMITH KENNETH
SMITH SOOKYOUNG
REGION CODE ADDRESS : 28016 NORTH LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,129.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031040116 MORTGAGORS: CHOE BECKY
CHOE PAUL
REGION CODE ADDRESS : 7419 NATIVE OAK
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 255,727.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,544.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,153,727.00
P & I AMT: 10,603.13
UPB AMT: 1,132,278.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058407 MORTGAGORS: CANALE LUIGI
CANALE PATRICIA
REGION CODE ADDRESS : 26701 BUCKINGHAM DRIVE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,007.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 39.37700
----------------------------------------------------------------
0 0031070055 MORTGAGORS: WILSON MICHAEL
WILSON JERILYNN
REGION CODE ADDRESS : 19502 TAMARACK WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 369,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,384.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,297.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031085723 MORTGAGORS: CURTIS DAVID
CURTIS PATRICIA
REGION CODE ADDRESS : 1340 EL PRADO AVENUE #31
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 222,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,683.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031086465 MORTGAGORS: DIETTER ROBERT
DIETTER HILDA
REGION CODE ADDRESS : 1716 EAST QUAIL AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85024
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,801.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/12
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 84.70300
----------------------------------------------------------------
0 0031097264 MORTGAGORS: LAND RONALD
REGION CODE ADDRESS : 2 1/2 TIMBER RIDGE DRIVE
01 CITY : SIMSBURY
STATE/ZIP : CT 06070
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,086.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,269,200.00
P & I AMT: 11,538.26
UPB AMT: 1,239,963.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031107840 MORTGAGORS: KINNEY LARRY
KINNEY SANDRA
REGION CODE ADDRESS : 10000 ROBIN OAKS DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,560.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031117849 MORTGAGORS: BLOSSER FRED
BLOSSER JANET
REGION CODE ADDRESS : 64383 E SQUASH BLOSSOM LANE
01 CITY : TUCSON
STATE/ZIP : AZ 85739
MORTGAGE AMOUNT : 221,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,937.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.22500
----------------------------------------------------------------
0 0031172067 MORTGAGORS: ZARKO GARY
REGION CODE ADDRESS : W 6302 BLUFF ROAD
01 CITY : WHITEWATER
STATE/ZIP : WI 53190
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,966.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031217862 MORTGAGORS: LATHAM ROBERT
LATHAM SUSAN
REGION CODE ADDRESS : 345 LAKESIDE DRIVE
01 CITY : GRAND LAKE
STATE/ZIP : CO 80447
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,687.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,334.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031233810 MORTGAGORS: MONTGOMERY KENNETH
MONTGOMERY JUDITH
REGION CODE ADDRESS : 8429 TOWNESHIP LANE
01 CITY : DALLAS
STATE/ZIP : TX 75243
MORTGAGE AMOUNT : 93,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,570.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 875.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 11/01/12
CURRENT INT RATE: 7.65000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,003,650.00
P & I AMT: 9,328.41
UPB AMT: 989,755.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031243835 MORTGAGORS: LAMBERT JERRY
LAMBERT CYNTHIA
REGION CODE ADDRESS : 11327 HIGHWAY 26
01 CITY : FOLEY
STATE/ZIP : AL 36535
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,992.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 724.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031253917 MORTGAGORS: KOEN TOMMY
KOEN MARY
REGION CODE ADDRESS : 101 HIDDEN WAY COURT
01 CITY : HENDERSONVILLE
STATE/ZIP : TN 37075
MORTGAGE AMOUNT : 840,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 834,741.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,608.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031255821 MORTGAGORS: TURNER RUSSELL
TURNER LINDA
REGION CODE ADDRESS : LOT 38 HIGH HAMPTON DRIVE
01 CITY : PELHAM
STATE/ZIP : AL 35124
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,367.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,210.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031257058 MORTGAGORS: HARRISON JOHN
REGION CODE ADDRESS : 222 LANSING ISLAND DRIVE
01 CITY : INDIAN HARBOUR BEACH
STATE/ZIP : FL 32937
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,205.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,389.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 60.97561
----------------------------------------------------------------
0 0031261233 MORTGAGORS: BANKERT CARRIE
BANKERT JAMES
REGION CODE ADDRESS : 221 CENTENNIAL AVENUE
01 CITY : HANOVER
STATE/ZIP : PA 17331
MORTGAGE AMOUNT : 43,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 43,056.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 398.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 51.29400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,600.00
P & I AMT: 16,332.30
UPB AMT: 1,805,363.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031266463 MORTGAGORS: RAGSDALE KEENER
RAGSDALE TARA
REGION CODE ADDRESS : 4116 LANGSTON COVE
01 CITY : MEMPHIS
STATE/ZIP : TN 38117
MORTGAGE AMOUNT : 285,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,309.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.56300
----------------------------------------------------------------
0 0031281819 MORTGAGORS: HERRMANN HOWARD
HERRMANN DEBORAH
REGION CODE ADDRESS : 732 GREAT SPRING RD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 360,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,066.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,091.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 55.46100
----------------------------------------------------------------
0 0031287618 MORTGAGORS: KADIWAR JAYANTILAL
KADIWAR INDIRA
REGION CODE ADDRESS : 18140 HAYLOFT DRIVE
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 324,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,608.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.12900
----------------------------------------------------------------
0 0031292196 MORTGAGORS: MC CONNELL PATRICIA
REGION CODE ADDRESS : 478 GLENMARY LANE
01 CITY : RADNOR
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,928.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,840.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031293798 MORTGAGORS: ATKINS ROBERT
ATKINS ELLEN
REGION CODE ADDRESS : 355 SUDBURY ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 458,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,132.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,148.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.73900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,744,400.00
P & I AMT: 15,581.96
UPB AMT: 1,732,046.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031294382 MORTGAGORS: AVILA FRANCISCO
AVILA MICHELE
REGION CODE ADDRESS : 537 GRAND OAKS DRIVE
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,974.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,933.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031297716 MORTGAGORS: TRINGALI ALFRED
TRINGALI MELANIE
REGION CODE ADDRESS : 68 BOREN LANE
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,770.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031299456 MORTGAGORS: WARTOSKY HARVEY
WARTOSKY JOELLE
REGION CODE ADDRESS : 51 MT VERNON STREET
01 CITY : BOSTON
STATE/ZIP : MA 02108
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,865.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,012.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.55000
----------------------------------------------------------------
0 0031300395 MORTGAGORS: KIM JOSEPH
KIM PATRICIA
REGION CODE ADDRESS : 4711 LAS COLINAS LANE
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 615,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,980.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,399.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031308463 MORTGAGORS: BRIGHT KEVIN
BRIGHT CLAUDIA
REGION CODE ADDRESS : 11982 BRENTRIDGE LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 1,042,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,038,783.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,512.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 53.57326
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,997,000.00
P & I AMT: 27,144.07
UPB AMT: 2,981,374.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031308596 MORTGAGORS: MENDICINO SAMUEL
MENDICINO BEVERLY
REGION CODE ADDRESS : 41 SURF SIDE DRIVE
01 CITY : NORTH BETHANY
STATE/ZIP : DE 19930
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,752.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,502.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 45.45400
----------------------------------------------------------------
0 0031315088 MORTGAGORS: AMIN NIRANJAN
AMIN NAINA
REGION CODE ADDRESS : 6 DUMPLIN HILL LANE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,097.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.96100
----------------------------------------------------------------
0 0031316300 MORTGAGORS: WINDER CHARLIE
REGION CODE ADDRESS : 22910 HOLLY CREEK TRAIL
01 CITY : TOMBALL
STATE/ZIP : TX 77375
MORTGAGE AMOUNT : 577,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 571,903.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,189.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.99000
----------------------------------------------------------------
0 0031317076 MORTGAGORS: FLACK CHARLES
FLACK KATHI
REGION CODE ADDRESS : RR4 BOX 230
01 CITY : DALLAS
STATE/ZIP : PA 18612
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,978.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 56.36300
----------------------------------------------------------------
0 0031323629 MORTGAGORS: KHADER YASMEEN
REGION CODE ADDRESS : 469 BENITO STREET
01 CITY : EAST MEADOW
STATE/ZIP : NY 11554
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,463.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,528.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.43900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,782,400.00
P & I AMT: 16,018.47
UPB AMT: 1,773,097.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031326242 MORTGAGORS: RIPPLE CRAIG
REGION CODE ADDRESS : 7501 WHITE HALL DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20110
MORTGAGE AMOUNT : 64,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,008.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 599.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 86.75600
----------------------------------------------------------------
0 0031331077 MORTGAGORS: CLIFFORD PATRICK
CLIFFORD JUANITA
REGION CODE ADDRESS : 2006 SPEAR STREET
01 CITY : SHERLBURNE
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,956.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,242.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.07800
----------------------------------------------------------------
0 0031331507 MORTGAGORS: TEVIS TERRY
TEVIS PATRICIA
REGION CODE ADDRESS : 9 WOODWAY LANE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,261.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,860.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.36800
----------------------------------------------------------------
0 0031333578 MORTGAGORS: BEARDSLEY JOHN
BEARDSLEY DARLENE
REGION CODE ADDRESS : 130 PLEASANTVIEW AVENUE
01 CITY : BRISTOL
STATE/ZIP : CT 06010
MORTGAGE AMOUNT : 91,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,170.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 843.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 79.82400
----------------------------------------------------------------
0 0031333982 MORTGAGORS: ESHELMAN WILLIAM
ESHELMAN KATHLEEN
REGION CODE ADDRESS : 17500 SERENE DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95307
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,736.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,200.00
P & I AMT: 15,214.69
UPB AMT: 1,622,132.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031334501 MORTGAGORS: MCDONNELL FRANK
MCDONNELL SHARON
REGION CODE ADDRESS : 614 MOUNTAIN STREET
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,020.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.88200
----------------------------------------------------------------
0 0031335599 MORTGAGORS: ATKINS LINDA
REGION CODE ADDRESS : 105 SOUTH DUDLEY AVE
01 CITY : VENTNOR
STATE/ZIP : NJ 08406
MORTGAGE AMOUNT : 221,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,340.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031351034 MORTGAGORS: COHEN PHILIP
COHEN NANCY
REGION CODE ADDRESS : 8901 GREYLOCK ROAD
01 CITY : PIKESVILLE
STATE/ZIP : MD 21208
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,040.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031353022 MORTGAGORS: COOPER EDWARD
COOPER BETTY
REGION CODE ADDRESS : 5 EASTVIEW DRIVE
01 CITY : DERRY
STATE/ZIP : NH 03038
MORTGAGE AMOUNT : 337,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,991.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.38100
----------------------------------------------------------------
0 0031353782 MORTGAGORS: THEODOROU IGNATIUS
THEODOROU ANGELINA
REGION CODE ADDRESS : 367 CENTRAL STREET
01 CITY : NEWTON
STATE/ZIP : MA 02166
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,635.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.34900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,550.00
P & I AMT: 15,107.02
UPB AMT: 1,654,392.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031354640 MORTGAGORS: KOZAK JOSEPH
KOZAK MARILYN
REGION CODE ADDRESS : 10520 STANYAN STREET
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,044.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,989.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.11100
----------------------------------------------------------------
0 0031361066 MORTGAGORS: BACHTA MADELINE
REGION CODE ADDRESS : 40 MAIN STREET
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,944.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,030.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.40000
----------------------------------------------------------------
0 0031369663 MORTGAGORS: MARCUS LEONARD
MARCUS RANDI
REGION CODE ADDRESS : 51 RIDGE ROAD
01 CITY : UPPER SADDLE RIVER BOROU
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,858.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,967.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.88888
----------------------------------------------------------------
0 0031371644 MORTGAGORS: ESPOSITO ALBERT
CROWLEY BROOKE
REGION CODE ADDRESS : 38 SOUTH HOWELLS POINT ROAD
01 CITY : BELLPORT
STATE/ZIP : NY 11713
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,895.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,145.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.35700
----------------------------------------------------------------
0 0031376288 MORTGAGORS: BRIGGS G
BRIGGS SUSAN
REGION CODE ADDRESS : 1106 WINWOOD DRIVE
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,716.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,578.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 41.57800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,835,000.00
P & I AMT: 16,711.40
UPB AMT: 1,825,458.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031376825 MORTGAGORS: KEENER LARRY
KEENER ROBBIN
REGION CODE ADDRESS : 1400 GULFVIEW DRIVE
01 CITY : N MYRTLE BEACH
STATE/ZIP : SC 29582
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.05100
----------------------------------------------------------------
0 0031379613 MORTGAGORS: EVANS CHARLES
EVANS ELIZABETH
REGION CODE ADDRESS : 10600 DONOVANS HILL DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,874.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,967.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.38400
----------------------------------------------------------------
0 0031380140 MORTGAGORS: BETHKE BRIAN
BETHKE PATRICIA
REGION CODE ADDRESS : 12039 EAST WELSH TRAIL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,142.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,738.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0031382260 MORTGAGORS: WHITE RICHARD
REGION CODE ADDRESS : 2127 COUNTY ROAD 39
01 CITY : MOUNTAIN HOME
STATE/ZIP : AR 72653
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,521.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031382732 MORTGAGORS: BROOKS GREGORY
BROOKS KATHY
REGION CODE ADDRESS : 830 NORTH PENROSE CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,696.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,709.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,000.00
P & I AMT: 14,723.61
UPB AMT: 1,604,234.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031383599 MORTGAGORS: RAYAN SALIBA
RAYAN JANAN
REGION CODE ADDRESS : 6485 NORTH SAUGANASH
01 CITY : LINCOLNWOOD
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031384431 MORTGAGORS: WESTBERG KATHLEEN
WESTBERG JOHN
REGION CODE ADDRESS : 5608 SOUTH GARFIELD AVENUE
01 CITY : HINDSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,126.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.26400
----------------------------------------------------------------
0 0031385321 MORTGAGORS: RITTER PHILIP
RITTER STEPHANIE
REGION CODE ADDRESS : 10824 ALADDIN DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,914.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390297 MORTGAGORS: HALEY JEFFREY
HALEY KATHERINE
REGION CODE ADDRESS : 19400 GLEASON ROAD
01 CITY : CORCORAN
STATE/ZIP : MN 55340
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,151.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.77400
----------------------------------------------------------------
0 0031390354 MORTGAGORS: MANZI NICHOLAS
PIANELLI MARY
REGION CODE ADDRESS : 125 CARNOUSTIE WAY
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,537.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,406.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.01300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,800.00
P & I AMT: 14,875.32
UPB AMT: 1,639,729.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392657 MORTGAGORS: MILLS JAMES
MILLS LILLIAN
REGION CODE ADDRESS : 6521 NORTH COLUMBUS BLVD.
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,364.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.70900
----------------------------------------------------------------
0 0031393960 MORTGAGORS: MOLNAR JOHN
MOLNAR ROSEMARIE
REGION CODE ADDRESS : 8623 WELLSLEY COURT
01 CITY : CINCINNATI
STATE/ZIP : OH 45249
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,148.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,426.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.79000
----------------------------------------------------------------
0 0031394000 MORTGAGORS: WEINSTEIN BRUCE
WEINSTEIN SHERRIE
REGION CODE ADDRESS : 71 PARISH ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02194
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,184.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,502.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031395874 MORTGAGORS: ROCCA JOHN
ROCCA BARBARA
REGION CODE ADDRESS : 39550 LIME KILN ROAD
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 387,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,905.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,533.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 35.19000
----------------------------------------------------------------
0 0031396062 MORTGAGORS: PAGLE RUSSELL
GENSER-PAGLE MORI
REGION CODE ADDRESS : 121 SEERGREEN WAY
01 CITY : FOLSON
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,816.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.87100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,356,100.00
P & I AMT: 12,306.54
UPB AMT: 1,350,418.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396526 MORTGAGORS: ZIMLIKI CHARLES
ZIMLIKI JEAN
REGION CODE ADDRESS : 6226 DAVIDSBURG ROAD
01 CITY : DOVER
STATE/ZIP : PA 17315
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,427.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,835.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 76.58800
----------------------------------------------------------------
0 0031397326 MORTGAGORS: COYLE MONTY
COYLE LYNN
REGION CODE ADDRESS : 22025 S RIDGE RD
01 CITY : OREGON CITY
STATE/ZIP : OR 97045
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,848.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,280.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.93650
----------------------------------------------------------------
0 0031397896 MORTGAGORS: CLEMONS DONALD
CLEMONS BARBARA
REGION CODE ADDRESS : 720 HARBOR POINT DRIVE
01 CITY : JOHNSON CITY
STATE/ZIP : TN 37615
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,089.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.65300
----------------------------------------------------------------
0 0031398357 MORTGAGORS: ARNETT DANA
AVERILL STEPHANIE
REGION CODE ADDRESS : 2330 N. LISTER AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,371.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 38.96200
----------------------------------------------------------------
0 0031401854 MORTGAGORS: HELSTROM JEFFREY
HELSTROM ELIZABETH
REGION CODE ADDRESS : 8276 SCANDIA ROAD
01 CITY : WACONIA
STATE/ZIP : MN 55387
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,446.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,057.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.05263
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,746,000.00
P & I AMT: 15,663.88
UPB AMT: 1,741,094.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402639 MORTGAGORS: HEICK CHARLES
HEICK BARBARA
REGION CODE ADDRESS : 8633 ROBINSON RIDGE DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,599.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,566.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 78.86200
----------------------------------------------------------------
0 0031403488 MORTGAGORS: SHAVERS JOE
REGION CODE ADDRESS : 8701 SOUTH GRAMERCY PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90047
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,578.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,222.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 79.41100
----------------------------------------------------------------
0 0031404452 MORTGAGORS: ARIANI MEHRDAD
ARIANI LIDA
REGION CODE ADDRESS : 3920 LAKE VISTA COURT
01 CITY : ENCINO (AREA)
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 665,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 662,947.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,070.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 63.33300
----------------------------------------------------------------
0 0031407216 MORTGAGORS: ALEXANDER GARRETT
REGION CODE ADDRESS : 3815 REDCOAT WAY
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,391.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.58800
----------------------------------------------------------------
0 0031408982 MORTGAGORS: SMILEY MARK
SMILEY CYNTHIA
REGION CODE ADDRESS : 734 CHANTRY CIRCLE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,915.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,188.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.35000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,817,000.00
P & I AMT: 16,377.20
UPB AMT: 1,809,432.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031409782 MORTGAGORS: BLANCK PHILIP
BLANCK RACHEL
REGION CODE ADDRESS : 28858 BELCHESTER ROAD
01 CITY : KENNEDYVILLE
STATE/ZIP : MD 21645
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,179.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.05500
----------------------------------------------------------------
0 0031410764 MORTGAGORS: MAY JAMES
MAY ROSIE
REGION CODE ADDRESS : 26810 SAINT FRANCIS DR
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 780,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 777,565.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,065.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 52.70200
----------------------------------------------------------------
0 0031412703 MORTGAGORS: BHARGAVA RAKESH
BHARGAVA VALSA
REGION CODE ADDRESS : 9 TODOR COURT
01 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,948.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.84600
----------------------------------------------------------------
0 0031413446 MORTGAGORS: BONNER PHILIP
REGION CODE ADDRESS : 17801 PRESCOTT LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 220,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,704.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 89.79600
----------------------------------------------------------------
0 0031414402 MORTGAGORS: ZALTSBERG HAL
ZALTSBERG JAQUITA
REGION CODE ADDRESS : 2502 AZLE HIGHWAY
01 CITY : WEATHERFORD
STATE/ZIP : TX 76080
MORTGAGE AMOUNT : 132,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,723.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,155.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 53.04000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,500.00
P & I AMT: 15,579.86
UPB AMT: 1,726,122.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031419443 MORTGAGORS: BOTELHO JOSEPH
BOTELHO PEGGY
REGION CODE ADDRESS : 5 HOLLY HILL ROAD
01 CITY : WESTPORT
STATE/ZIP : MA 02790
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,688.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.54500
----------------------------------------------------------------
0 0031420169 MORTGAGORS: STEEL BRET
BARLOW MAURINE
REGION CODE ADDRESS : 2725 EAST CREEK ROAD
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,232.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,887.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031420250 MORTGAGORS: BERMAN DAVID
REGION CODE ADDRESS : 11727 GAINSBOROUGH ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,877.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,294.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.81450
----------------------------------------------------------------
0 0031420573 MORTGAGORS: JOHNSON MICHAEL
JOHNSON LYNN
REGION CODE ADDRESS : 2500 NORTH LIGHTNING A DRIVE
01 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,093.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031421456 MORTGAGORS: PASSER JEFFREY
PASSER SANDRA
REGION CODE ADDRESS : 1122 SOUTH 112TH PLAZA
01 CITY : OMAHA
STATE/ZIP : NE 68144
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,971.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,930.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,003,000.00
P & I AMT: 18,361.71
UPB AMT: 1,990,864.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031422330 MORTGAGORS: MADISON STEPHEN
REGION CODE ADDRESS : 4675 WINNWOOD ROAD
01 CITY : ADDISON
STATE/ZIP : TX 75240
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,835.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,494.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.36508
----------------------------------------------------------------
0 0031423882 MORTGAGORS: GRIFFITH ROBERT
REGION CODE ADDRESS : 9903 APPLE STREET
01 CITY : SPRING VALLEY (AREA)
STATE/ZIP : CA 91977
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,459.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,354.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031426208 MORTGAGORS: KEAGY GREGORY
KEAGY SANDRA
REGION CODE ADDRESS : 1058 BRANDT AVENUE
01 CITY : LEMOYNE
STATE/ZIP : PA 17043
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,104.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,647.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.35800
----------------------------------------------------------------
0 0031427305 MORTGAGORS: ROSELIUS MARTIN
ROSELIUS SHERRY
REGION CODE ADDRESS : 8 NEWELL STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98109
MORTGAGE AMOUNT : 256,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,306.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031427560 MORTGAGORS: RIMARCIK JAMES
RIMARCIK SUSAN
REGION CODE ADDRESS : 1439 BROOKSHIRE COURT
01 CITY : NEW BRIGHTON
STATE/ZIP : MN 55112
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,243.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.57800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,555,950.00
P & I AMT: 14,024.09
UPB AMT: 1,546,950.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031427909 MORTGAGORS: ZAUDTKE DWIGHT
ZAUDTKE LAUREEN
REGION CODE ADDRESS : 10910 DELLWOOD ROAD
01 CITY : GRANT TWP,
STATE/ZIP : MN 55082
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,650.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,676.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.96200
----------------------------------------------------------------
0 0031433683 MORTGAGORS: WAHLSTROM HAKAN
REGION CODE ADDRESS : 102 WESTWOOD LANE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,172.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.88800
----------------------------------------------------------------
0 0031435043 MORTGAGORS: CARR LAURENCE
CARR ANNA
REGION CODE ADDRESS : 4 WEST MONTE VISTA DRIVE
01 CITY : WOODLAND
STATE/ZIP : CA 95695
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,702.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031438476 MORTGAGORS: KAUFMAN JERALD
KAUFMAN KAREN
REGION CODE ADDRESS : 4983 CHAMPLAIN CIRCLE
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48323
MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,065.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,656.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031439409 MORTGAGORS: HANSBROUGH THOMAS
HANSBROUGH MELANIE
REGION CODE ADDRESS : 19303 LINKS COURT
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,895.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,145.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,000.00
P & I AMT: 13,785.19
UPB AMT: 1,523,486.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031440183 MORTGAGORS: MCDONOUGH SHAUN
MCDONOUGH MARY-LOU
REGION CODE ADDRESS : 31 PERCY ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,059.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.00000
----------------------------------------------------------------
0 0031442023 MORTGAGORS: HOROWITZ SANDRA
WEIHMAYER ROBERT
REGION CODE ADDRESS : 80 WESTLAND ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,599.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
0 0031444938 MORTGAGORS: NASH MICHAEL
NASH JANICE
REGION CODE ADDRESS : 3218 MONTMARTE CIRCLE
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48033
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,520.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,470.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.52400
----------------------------------------------------------------
0 0031445935 MORTGAGORS: LE QUE
VU KIM
REGION CODE ADDRESS : 15628 NORTHWEST WISMER DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 244,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,399.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.99700
----------------------------------------------------------------
0 0031446024 MORTGAGORS: ELLIS DAVID
ELLIS LEELA
REGION CODE ADDRESS : 8 DRIFTWOOD LANDING
01 CITY : GULFSTREAM
STATE/ZIP : FL 33483
MORTGAGE AMOUNT : 855,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 852,331.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,744.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 57.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,415,900.00
P & I AMT: 22,127.36
UPB AMT: 2,407,252.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446818 MORTGAGORS: HAYWARD ROBERT
HAYWARD PAMELA
REGION CODE ADDRESS : 4328 SPEAR STREET
01 CITY : SHELBURNE,
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,687.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,955.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.56300
----------------------------------------------------------------
0 0031447782 MORTGAGORS: HOLTZMAN LEONARD
REGION CODE ADDRESS : 20 CAPTAIN COOK LANE
01 CITY : CENTERVILLE
STATE/ZIP : MA 02632
MORTGAGE AMOUNT : 56,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 55,830.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 519.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031447790 MORTGAGORS: NACES DANILO
NACES BEBITA
REGION CODE ADDRESS : 1128 THOMAS MOORE TERRACE
01 CITY : MT PROSPECT
STATE/ZIP : IL 60056
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,085.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0031450703 MORTGAGORS: WHITE JAMES
WHITE LILLIAN
REGION CODE ADDRESS : 1010 MOUNT CURVE AVENUE
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55403
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,774.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.26600
----------------------------------------------------------------
0 0031451099 MORTGAGORS: POMAKIS ARTHUR
POMAKIS DIANNE
REGION CODE ADDRESS : 14 SHEFFIELD AVENUE
01 CITY : SOUTH DENNIS
STATE/ZIP : MA 02260
MORTGAGE AMOUNT : 66,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 65,798.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 607.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 57.39100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,242,050.00
P & I AMT: 11,256.39
UPB AMT: 1,238,175.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031451156 MORTGAGORS: YOUNG BRUCE
YOUNG KAREN
REGION CODE ADDRESS : 8280 COUNTRY LAKE DRIVE
01 CITY : ORANGEVALE
STATE/ZIP : CA 95662
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,021.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031451842 MORTGAGORS: BONOW ROBERT
HITCHENS-BONOW PATRICIA
REGION CODE ADDRESS : 661 BLUFF STREET
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,369.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0031451974 MORTGAGORS: KAU ROBERT
KAU LU ANNE
REGION CODE ADDRESS : 4551 WINNEQUAH RD
01 CITY : MONONA
STATE/ZIP : WI 53716
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,085.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.33300
----------------------------------------------------------------
0 0031452600 MORTGAGORS: KITTS JOSEPH
BLOUNT ELIZABETH
REGION CODE ADDRESS : 5075 DEERWOOD DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,815.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.94915
----------------------------------------------------------------
0 0031453830 MORTGAGORS: SIMPSON JOHN
SIMPSON KARON
REGION CODE ADDRESS : 16407 KIDD LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78700
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,926.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,797.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.52200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,013,000.00
P & I AMT: 18,248.04
UPB AMT: 2,006,763.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031456668 MORTGAGORS: CHISUM T
CHISUM CARLOYN
REGION CODE ADDRESS : 631 PARK DRIVE
01 CITY : KENILWORTH
STATE/ZIP : IL 60043
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,893.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 54.64500
----------------------------------------------------------------
0 0031456858 MORTGAGORS: HUDSON E.
JAMES LYNNE
REGION CODE ADDRESS : 102 MAPLE VALLEY COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 711,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 709,031.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,343.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 250
LTV : 50.80700
----------------------------------------------------------------
0 0031457740 MORTGAGORS: LATTIN VERNON
LATTIN PATRICIA
REGION CODE ADDRESS : 22 VALLECITOS ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,354.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0031458573 MORTGAGORS: CHEN FLEMING
CHEN JEAN
REGION CODE ADDRESS : 2200 MONTECITO DRIVE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 780,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 775,063.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,010.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 69.64200
----------------------------------------------------------------
0 0031458870 MORTGAGORS: PARDON GEORGE
PARDON LYNN
REGION CODE ADDRESS : 10447 SANTA CLARA STREET
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 263,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,926.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.35700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,362,050.00
P & I AMT: 21,175.46
UPB AMT: 2,351,270.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031458896 MORTGAGORS: FINIZIO ROBERT
REGION CODE ADDRESS : 9 CARDINAL DRIVE
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,258.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.50400
----------------------------------------------------------------
0 0031458912 MORTGAGORS: CHO DONNA
REGION CODE ADDRESS : 155 SOUTH VALLEY VIEW PLACE
01 CITY : ANAHEIM
STATE/ZIP : CA 92801
MORTGAGE AMOUNT : 693,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 690,860.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,326.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 49.21800
----------------------------------------------------------------
0 0031458953 MORTGAGORS: PFLUG GERALD
PFLUG JUDY
REGION CODE ADDRESS : 2115 YARDLEY-MORRISVILLE ROAD
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,766.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,716.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.44600
----------------------------------------------------------------
0 0031459605 MORTGAGORS: TU NGOC-QUYNH
REGION CODE ADDRESS : 24 MIDWICK DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,607.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 78.57142
----------------------------------------------------------------
0 0031459662 MORTGAGORS: WENGENROTH BRIAN
RAYMOND MARK
REGION CODE ADDRESS : 931 STOKE ROAD
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
MORTGAGE AMOUNT : 517,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,683.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.31000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,191,000.00
P & I AMT: 19,962.13
UPB AMT: 2,186,234.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459696 MORTGAGORS: WENGENROTH BRIAN
RAYMOND MARK
REGION CODE ADDRESS : 5110 OCEAN DRIVE SOUTH
01 CITY : BRIGANTINE
STATE/ZIP : NJ 08203
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.00000
----------------------------------------------------------------
0 0031461502 MORTGAGORS: GREENWOOD JAMES
MUSTARD MEREDITH
REGION CODE ADDRESS : 175 TULARE STREET
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,992.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,035.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031462112 MORTGAGORS: DI GIROLAMO STEVEN
DI GIROLAMO MARIJEAN
REGION CODE ADDRESS : 37 HAVEMEYER LANE
01 CITY : COMMACK
STATE/ZIP : NY 11725
MORTGAGE AMOUNT : 146,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,332.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 79.78100
----------------------------------------------------------------
0 0031462898 MORTGAGORS: NASH ELIZABETH
REGION CODE ADDRESS : 10250 HARRISON ROAD
01 CITY : LOVELAND
STATE/ZIP : OH 45140
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,322.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.94100
----------------------------------------------------------------
0 0031463979 MORTGAGORS: LINDER PETER
LINDER MARJORIE
REGION CODE ADDRESS : 8 ROSELAWN ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,522.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,651.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.79400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,000.00
P & I AMT: 12,711.76
UPB AMT: 1,390,838.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031464076 MORTGAGORS: MOELLER GARLAND
MOELLER WENDY
REGION CODE ADDRESS : 186 EQUESTRIAN DR
01 CITY : BANNER ELK
STATE/ZIP : NC 28604
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,926.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,797.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 250
LTV : 67.60200
----------------------------------------------------------------
0 0031466345 MORTGAGORS: GIOSSO LOUIS
REGION CODE ADDRESS : 2510 PANAMA STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19103
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,559.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,080.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.00000 PRODUCT CODE : 250
LTV : 78.04800
----------------------------------------------------------------
0 0031467582 MORTGAGORS: EPSTEIN BENJAMIN
EPSTEIN CHARLOTTE
REGION CODE ADDRESS : 198 CRYSTAL SPRINGS COURT
01 CITY : HOLMDEL TOWNSHIP
STATE/ZIP : NJ 07733
MORTGAGE AMOUNT : 85,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 84,473.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 775.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 20.78200
----------------------------------------------------------------
0 0031468168 MORTGAGORS: KOVALCIK RICHARD
MOZZICATO SUSAN
REGION CODE ADDRESS : 19 CHESLEY ROAD
01 CITY : NEWTON
STATE/ZIP : MA 01259
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,117.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 66.97600
----------------------------------------------------------------
0 0031468291 MORTGAGORS: MARTINSEN NOEL
MARTINSEN ELIZABETH
REGION CODE ADDRESS : 77 SEQUIOA ST.
01 CITY : KENNER
STATE/ZIP : LA 70065
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,123.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,000.00
P & I AMT: 12,774.28
UPB AMT: 1,429,201.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031468358 MORTGAGORS: VERHAEGHE FRANCK
REGION CODE ADDRESS : 8956 VISTA GRANDE STREET
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,104.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031470099 MORTGAGORS: LERNER HERBERT
REGION CODE ADDRESS : 6538 VIA ROSA
01 CITY : BOCA RATON
STATE/ZIP : FL 33433
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,445.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.07000
----------------------------------------------------------------
0 0031470404 MORTGAGORS: WOLPERT GEOFFREY
WOLPERT SYLVIA
REGION CODE ADDRESS : 1854 JAYELL ROAD
01 CITY : SEVIERVILLE
STATE/ZIP : TN 37862
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 596,243.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,434.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031470479 MORTGAGORS: TIMBIE RICHARD
REGION CODE ADDRESS : 2817 N 23RD STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,796.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,560.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.64200
----------------------------------------------------------------
0 0031471972 MORTGAGORS: DOWNING JOHN
REGION CODE ADDRESS : 790 NEPTUNE AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 793,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 791,150.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,244.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 66.13330
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,318,600.00
P & I AMT: 21,083.60
UPB AMT: 2,308,739.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031472798 MORTGAGORS: DUFOUR DAVE
DUFOUR THOMAS
REGION CODE ADDRESS : 75672 VALLE VISTA DRIVE
01 CITY : INDIAN WELLS
STATE/ZIP : CA 92210
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,267.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.97100
----------------------------------------------------------------
0 0031472822 MORTGAGORS: SWINK KENNE
SAINT-GAUDENS VALERIE
REGION CODE ADDRESS : 1021 MONTEREY VISTA WAY
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,242.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031473119 MORTGAGORS: FLORES DAVID
FLORES KATHLEEN
REGION CODE ADDRESS : 6398 CAMDEN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,675.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.28200
----------------------------------------------------------------
0 0031474539 MORTGAGORS: SUTTON JOHN
KALAWSKI EVA
REGION CODE ADDRESS : 9-17 HARCOURT STREET UNIT 306
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,723.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.64200
----------------------------------------------------------------
0 0031475445 MORTGAGORS: GUERTIN ROGER
GUERTIN TERRIE
REGION CODE ADDRESS : 2510 PADDOCK DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,000.00
P & I AMT: 11,916.37
UPB AMT: 1,322,909.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031476716 MORTGAGORS: POWERS MARK
POWERS KIMBERLY
REGION CODE ADDRESS : 70 SOUTH SEWALLS POINT RD
01 CITY : STUART
STATE/ZIP : FL 34996
MORTGAGE AMOUNT : 636,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 634,741.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,723.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.88600
----------------------------------------------------------------
0 0031477409 MORTGAGORS: RUSSELL S
RUSSELL ELLEN
REGION CODE ADDRESS : 4517 ROEBUCK WAY
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,797.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031478217 MORTGAGORS: BUCKLEY JOHN
BUCKLEY WENDY
REGION CODE ADDRESS : 320 RIDGEWAY ROAD
01 CITY : WOODSIDE
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 890,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 890,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,061.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 55.62500
----------------------------------------------------------------
0 0031480734 MORTGAGORS: LATTANZI JOHN
KANASKE KATHY
REGION CODE ADDRESS : 320 COLORADO AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,179.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 38.67600
----------------------------------------------------------------
0 0031480742 MORTGAGORS: LUTZ KENNETH
KODIMER MICHELE
REGION CODE ADDRESS : 629 WOODMONT AVE
01 CITY : BERKLEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,228.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,263,750.00
P & I AMT: 20,416.40
UPB AMT: 2,257,946.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031480924 MORTGAGORS: ROLNICK MICHAEL
ROLNICK CAROL
REGION CODE ADDRESS : 12533 FOLLY QUARTER ROAD
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,799.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.05200
----------------------------------------------------------------
0 0031481542 MORTGAGORS: PRYOR JOHN
PRYOR THALIA
REGION CODE ADDRESS : 21 EAST FOREST ROAD
01 CITY : STONINGTON
STATE/ZIP : CT 06378
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,484.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031481930 MORTGAGORS: MCGOWAN FRANCIS
KENNA MARGARET
REGION CODE ADDRESS : 21 FRANKLIN ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 430,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,025.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/08
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.93900
----------------------------------------------------------------
0 0031483068 MORTGAGORS: ROSBURG KYLE
ROSBURG PATTI
REGION CODE ADDRESS : 8161 SANTA JUANITA AVENUE
01 CITY : ORANGEVALE
STATE/ZIP : CA 95662
MORTGAGE AMOUNT : 396,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,017.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,591.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.42500
----------------------------------------------------------------
0 0031483415 MORTGAGORS: MURTHY PAPAIAH
MURTHY VIJAYA
REGION CODE ADDRESS : 3824 CHURCH POINT ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23455
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,049.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.82100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,976,650.00
P & I AMT: 18,949.14
UPB AMT: 1,974,167.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031486293 MORTGAGORS: PARTAIN FOY
PARTAIN PANSY
REGION CODE ADDRESS : 601 DOMINION DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 317,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,437.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.31200
----------------------------------------------------------------
0 0031486640 MORTGAGORS: FEDEROWICZ DAVID
FEDEROWICZ JUDITH
REGION CODE ADDRESS : 132 MAIN STREET
01 CITY : TISBURY
STATE/ZIP : MA 02568
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,909.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.50000
----------------------------------------------------------------
0 0031486764 MORTGAGORS: YOUNAN BASIL
KILLU WEAM
REGION CODE ADDRESS : 2450SAWGRASS STREET
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 143,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,095.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,285.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.85100
----------------------------------------------------------------
0 0031488828 MORTGAGORS: WILLIAMS MATT
MOLLEUR LESLIE
REGION CODE ADDRESS : 198 BACK RD
01 CITY : DOVER
STATE/ZIP : NH 03820
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031493703 MORTGAGORS: POWERS BRIAN
POWERS LISA
REGION CODE ADDRESS : 1060 WOOD TOR CIRCLE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,359.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,673.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,450.00
P & I AMT: 14,411.51
UPB AMT: 1,592,801.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495948 MORTGAGORS: KERNER JORDAN
O'SHEA KERNER NICOLA
REGION CODE ADDRESS : 469 SAINT PIERRE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 996,845.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,988.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 43.66800
----------------------------------------------------------------
0 0031500713 MORTGAGORS: OKUNIEFF PAUL
TRIONE DEBRA
REGION CODE ADDRESS : 14 PARK PLACE
01 CITY : PENFIELD
STATE/ZIP : NY 14625
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031501562 MORTGAGORS: KLENDER MARK
GODDARD SHAWN
REGION CODE ADDRESS : 1525 JUDSON AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,820.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,424.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031501588 MORTGAGORS: COOPER ANDREW
COOPER KATHRYN
REGION CODE ADDRESS : 24 EVERETT STREET
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 143,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,179.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 45.25300
----------------------------------------------------------------
0 0031502081 MORTGAGORS: MCDOWELL GARY
MCDOWELL SHELLY
REGION CODE ADDRESS : 313 CHARMIAN ROAD
01 CITY : RICHMOND
STATE/ZIP : VA 23226
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,445.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,111,000.00
P & I AMT: 19,403.91
UPB AMT: 2,105,844.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502875 MORTGAGORS: ANDERSON MICHAEL
ANDERSON DIANE
REGION CODE ADDRESS : 3 DERBY LANE
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,020.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.51200
----------------------------------------------------------------
0 0031503303 MORTGAGORS: SZIKLAI PATRICIA
SZIKLAI NICHOLAS
REGION CODE ADDRESS : 22 RIVER ROAD
01 CITY : ROXBURY
STATE/ZIP : CT 06783
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,633.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,513.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031504145 MORTGAGORS: CLARK RONALD
REGION CODE ADDRESS : 5716 LONG BRAKE TRAIL
01 CITY : EDINA
STATE/ZIP : MN 55439
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,595.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,076.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031505290 MORTGAGORS: HEMSTREET JAMES
HEMSTREET JUANITA
REGION CODE ADDRESS : 500 W STEVENS ROAD
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
MORTGAGE AMOUNT : 814,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 811,403.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,259.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 015
LTV : 54.26600
----------------------------------------------------------------
0 0031514318 MORTGAGORS: MAI MIKE
REGION CODE ADDRESS : 8830 STANWELL STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92126
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 927.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,191,500.00
P & I AMT: 19,797.40
UPB AMT: 2,186,633.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031517584 MORTGAGORS: SLUTZKY DONALD
SLUTZKY MARY
REGION CODE ADDRESS : 833 WILLOW GLEN ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,138.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,227.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031517832 MORTGAGORS: SON JOO
SON JIN
REGION CODE ADDRESS : 1359 SIMMONS ROAD
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,895.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,145.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031518996 MORTGAGORS: WISE JERRY
WISE CHRISTINE
REGION CODE ADDRESS : 107 TIMBERCREST ROAD
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 277,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,082.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.41400
----------------------------------------------------------------
0 0031519242 MORTGAGORS: MEHRJEDI JAMAL
REGION CODE ADDRESS : 20602 SHORE CASTLE COURT
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 416,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,950.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,770.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031522402 MORTGAGORS: HEALY MARTIN
HEALY JOANNE
REGION CODE ADDRESS : 6048 N HIAWATHA
01 CITY : CHICAGO
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 63.80900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,450.00
P & I AMT: 15,625.66
UPB AMT: 1,731,067.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522436 MORTGAGORS: PITTMAN BOB
FREMONT GREGORY
REGION CODE ADDRESS : 920 BROADWAY AVENUE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98102
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,472.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,718.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031522899 MORTGAGORS: DANBELI SHAHRAM
REGION CODE ADDRESS : 2223 CURTIS AVENUE UNITS #A AND #B
01 CITY : REDONDO
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,416.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 64.91228
----------------------------------------------------------------
0 0031523830 MORTGAGORS: MCMONAGLE JOHN
REGION CODE ADDRESS : 414 6TH AVENUE
01 CITY : FOX ISLAND
STATE/ZIP : WA 98333
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,616.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,808.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.88800
----------------------------------------------------------------
0 0031523871 MORTGAGORS: KHAN ABDUL
KHAN ZOHRA
REGION CODE ADDRESS : 6315 REGIMENT PLACE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,990.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.39900
----------------------------------------------------------------
0 0031525744 MORTGAGORS: ROTHSTEIN LAURENCE
O'CONNELL BARBARA
REGION CODE ADDRESS : 7677 MORAINE RIDGE ROAD
01 CITY : MIDDLETON
STATE/ZIP : WI 53593
MORTGAGE AMOUNT : 523,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,741.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.97400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,737,900.00
P & I AMT: 15,807.07
UPB AMT: 1,728,895.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031526106 MORTGAGORS: NEUMANN NICHOLAS
NEUMANN JEAN
REGION CODE ADDRESS : 1922 SANTA GERTRUDIS DRIVE
01 CITY : BISMARCK
STATE/ZIP : ND 58501
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.34600
----------------------------------------------------------------
0 0031526130 MORTGAGORS: FENNING JOHN
FENNING FRANCES
REGION CODE ADDRESS : 2150 LOOKING GLASS ROAD
01 CITY : BIG SKY
STATE/ZIP : MT 59716
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.88800
----------------------------------------------------------------
0 0031526163 MORTGAGORS: KAISER ARTHUR
REGION CODE ADDRESS : 7716 FAIRMOUNT HIGHWAY, SE
01 CITY : CALHOUN
STATE/ZIP : GA 30701
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,886.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031527286 MORTGAGORS: PATTON FREDERICK
PATTON JANE
REGION CODE ADDRESS : 3346 THOMASHIRE COURT
01 CITY : MARIETTA
STATE/ZIP : GA 30066
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,186.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 86.00000
----------------------------------------------------------------
0 0031527567 MORTGAGORS: HARMON STEVEN
HARMON JENNY
REGION CODE ADDRESS : 6689 WESTERN AVENUE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92505
MORTGAGE AMOUNT : 101,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,546.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 898.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 89.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,215,250.00
P & I AMT: 10,910.38
UPB AMT: 1,212,618.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031528052 MORTGAGORS: TIPPS GARY
TIPPS ADRIENNE
REGION CODE ADDRESS : 1720 HIGH HOLLY LANE
01 CITY : RALEIGH
STATE/ZIP : NC 27614
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,715.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.07500
----------------------------------------------------------------
0 0031528482 MORTGAGORS: MARINO DAVID
MARINO WENDY
REGION CODE ADDRESS : 11540 TOTTENHAM PLACE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,012.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,921.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.56300
----------------------------------------------------------------
0 0031529571 MORTGAGORS: CAMPBELL JOHN
CAMPBELL PAULA
REGION CODE ADDRESS : 1116 WILLIAMSBURG LANE
01 CITY : KELLER
STATE/ZIP : TX 76248
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,711.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031529605 MORTGAGORS: REYNOLDS ROBERT
REYNOLDS DORIS
REGION CODE ADDRESS : 1824 COTTONWOOD POINT DRIVE
01 CITY : FT COLLINS
STATE/ZIP : CO 80524
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,808.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031529688 MORTGAGORS: CANTRELL JEFFREY
CANTRELL DEBORAH
REGION CODE ADDRESS : 2608 GENTLE DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 418,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,676.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 77.54600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,618,850.00
P & I AMT: 14,532.87
UPB AMT: 1,613,998.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531163 MORTGAGORS: POLLOCK HARRIS
POLLOCK ROSEMARIE
REGION CODE ADDRESS : 1905 SOUTHWEST 16TH STREET
01 CITY : BOCA RATON
STATE/ZIP : FL 33486
MORTGAGE AMOUNT : 360,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,842.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,314.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.61800
----------------------------------------------------------------
0 0031531387 MORTGAGORS: AHERN JAMES
AHERN LINDA
REGION CODE ADDRESS : 784 KNOLLWOOD TERRACE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,018.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,921.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.66900
----------------------------------------------------------------
0 0031531643 MORTGAGORS: AMES SAMUEL
AMES JEANNE
REGION CODE ADDRESS : 20365 BARTLETT DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53045
MORTGAGE AMOUNT : 278,138.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,269.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.17200
----------------------------------------------------------------
0 0031532054 MORTGAGORS: BUEHL CHRISTIAN
BUEHL CONSTANCE
REGION CODE ADDRESS : 4271 N.W.61ST LANE,
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,178.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031532401 MORTGAGORS: SILVER MARGARET
NICOLL JAMES
REGION CODE ADDRESS : 3118 NORTHWEST 95TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98117
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,839.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,438.00
P & I AMT: 14,646.29
UPB AMT: 1,594,148.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031532625 MORTGAGORS: DOUTEL FREDERICK
REGION CODE ADDRESS : 203 WYNDEN CRESCENT
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 330,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,047.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,944.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031533706 MORTGAGORS: PAINE HARRY
PAINE SARAH
REGION CODE ADDRESS : 8 WHITTIER TERRACE
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,144.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.26100
----------------------------------------------------------------
0 0031534803 MORTGAGORS: RAMEY PHILIP
REGION CODE ADDRESS : 20706 ROCKPOINT ROAD
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,194.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,932.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.56700
----------------------------------------------------------------
0 0031536576 MORTGAGORS: REAMES JEFFREY
REAMES TINA
REGION CODE ADDRESS : 4305 ROCK CANYON ROAD
01 CITY : EDMOND
STATE/ZIP : OK 73003
MORTGAGE AMOUNT : 349,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,421.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.90000
----------------------------------------------------------------
0 0031536642 MORTGAGORS: RICHARDS PETER
REGION CODE ADDRESS : 3960 LEE ROAD
01 CITY : LITHONIA
STATE/ZIP : GA 30058
MORTGAGE AMOUNT : 280,445.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,560.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,520.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.11700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,545.00
P & I AMT: 15,069.85
UPB AMT: 1,656,368.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031538424 MORTGAGORS: SHELLY JAMES
REGION CODE ADDRESS : 1125 HITT LANE
01 CITY : GOODLETTSVILLE
STATE/ZIP : TN 37072
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,482.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031538945 MORTGAGORS: LORIA KIM
REGION CODE ADDRESS : 165 RIVERVIEW ACRES ROAD
01 CITY : HUDSON
STATE/ZIP : WI 54016
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.95300
----------------------------------------------------------------
0 0031538994 MORTGAGORS: BARRY MARK
BARRY DEBORAH
REGION CODE ADDRESS : 418 PARK AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031540743 MORTGAGORS: COHEN GREGREY
GETMAN-COHEN CAROLYN
REGION CODE ADDRESS : 4910 STEELE WAY
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 287,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,634.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.75000
----------------------------------------------------------------
0 0031541055 MORTGAGORS: HILL JOHN
REGION CODE ADDRESS : 97 MOFFAT ROAD
01 CITY : WASHINGTONVILLE
STATE/ZIP : NY 10992
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,172.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.48400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,600.00
P & I AMT: 12,748.94
UPB AMT: 1,394,789.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031541279 MORTGAGORS: MEI CAROL
JIANG JOSEPH
REGION CODE ADDRESS : 15 HOBBS ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,502.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,427.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.78100
----------------------------------------------------------------
0 0031541527 MORTGAGORS: WOOD PATRICIA
REGION CODE ADDRESS : 2082 MONACO COURT
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,814.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 547.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 25.00000
----------------------------------------------------------------
0 0031541907 MORTGAGORS: HANSHAW FRANK
HANSHAW MANUELA
REGION CODE ADDRESS : 5 HARDING DRIVE
01 CITY : SIMSBURY
STATE/ZIP : CT 06089
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031544570 MORTGAGORS: KEAST JOHN
KEAST SHEILA
REGION CODE ADDRESS : 212 BRIGHTON LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,596.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,924.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545676 MORTGAGORS: OTT DAVID
OTT JOANN
REGION CODE ADDRESS : 14005 SOUTH ROCKHILL ROAD
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 492,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,045.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,427.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 33.97200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,760,800.00
P & I AMT: 15,813.38
UPB AMT: 1,756,160.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548357 MORTGAGORS: MURPHY KATHLEEN
GALLANT KENNETH
REGION CODE ADDRESS : 12 CASTLE ROAD
01 CITY : NORTH READING
STATE/ZIP : MA 01864
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,035.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 73.26700
----------------------------------------------------------------
0 0031548381 MORTGAGORS: SUMRALL EMILY
SUMRALL ALBERT
REGION CODE ADDRESS : 3629 LAKE ASPEN DRIVE WEST
01 CITY : GRETNA
STATE/ZIP : LA 70056
MORTGAGE AMOUNT : 153,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,517.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,375.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.71400
----------------------------------------------------------------
0 0031549058 MORTGAGORS: CHERRINGTON JAMES
REGION CODE ADDRESS : 3166 W. HOMESTEAD ROAD
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,738.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031549645 MORTGAGORS: QIAN XUE-YU
REGION CODE ADDRESS : 15300 SKYVIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,813.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,379.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031551443 MORTGAGORS: BLODGETT GARY
BLODGETT MARILEE
REGION CODE ADDRESS : 11 PLEASANT ST
01 CITY : LUDLOW
STATE/ZIP : VT 05149
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 60,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 564.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 47.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,285,000.00
P & I AMT: 11,513.76
UPB AMT: 1,281,104.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031551971 MORTGAGORS: LAFFERTY JAMES
LAFFERTY HELEN
REGION CODE ADDRESS : 1211 RIDGEWOOD ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,887.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031552110 MORTGAGORS: SMITH R.
WHEELER A.
REGION CODE ADDRESS : 1718 PALMA PLAZA
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 148,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 148,080.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,440.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 46.55100
----------------------------------------------------------------
0 0031553134 MORTGAGORS: GRIGGS WILLIAM
GRIGGS MAUREEN
REGION CODE ADDRESS : 2160 DELLESTA DRIVE
01 CITY : BELLINGHAM
STATE/ZIP : WA 98226
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 640,864.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,325.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.20052
----------------------------------------------------------------
0 0031555063 MORTGAGORS: CALLAHAN JOHN
CALLAHAN LOUISE
REGION CODE ADDRESS : 140 CENTRAL STREET
01 CITY : GEORGETOWN
STATE/ZIP : MA 01833
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,703.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 784.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 42.85700
----------------------------------------------------------------
0 0031556020 MORTGAGORS: OHARA WILLIAM
JACCARINO CLAUDIA
REGION CODE ADDRESS : 1632 NORTH HUDSON AVENUE #3
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,028.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,853.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,853,500.00
P & I AMT: 17,290.93
UPB AMT: 1,841,676.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557135 MORTGAGORS: BERRY ALFRED
BERRY SANDRA
REGION CODE ADDRESS : 910 WINDING LANE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,162.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,277.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0031560121 MORTGAGORS: LEE JI
LEE OK
REGION CODE ADDRESS : 6121 BARBADOS AVENUE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031560824 MORTGAGORS: MANTERIS ARTHUR
MANTERIS SUNANDA
REGION CODE ADDRESS : 227 HALLETT COVE COURT
01 CITY : BOULDER CITY
STATE/ZIP : NV 89005
MORTGAGE AMOUNT : 315,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,504.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,835.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.86200
----------------------------------------------------------------
0 0031561780 MORTGAGORS: RENWICK STEPHEN
RENWICK NANCY
REGION CODE ADDRESS : 3320 NORTHWEST SPENCER STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,117.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,084.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031562853 MORTGAGORS: PRINCE DANNY
PRINCE MARY LENN
REGION CODE ADDRESS : 1211 SWEETBRIAR AVE
01 CITY : RUSTON
STATE/ZIP : LA 71270
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,163.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,950.00
P & I AMT: 14,048.61
UPB AMT: 1,554,947.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564198 MORTGAGORS: MOLINA OSCAR
MOLINA ELBA
REGION CODE ADDRESS : 4 NAGLE LANE
01 CITY : CENTRAL ISLIP
STATE/ZIP : NY 11722
MORTGAGE AMOUNT : 122,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,217.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,110.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 74.30300
----------------------------------------------------------------
0 0031567720 MORTGAGORS: HUNT THOMAS
BERG JOANNE
REGION CODE ADDRESS : 7002 VIA DEL CHARRO
01 CITY : RANCHO SANTE FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 999,999.00 OPTION TO CONVERT :
UNPAID BALANCE : 996,912.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,128.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 67.79600
----------------------------------------------------------------
0 0031568330 MORTGAGORS: SWANBERG MONTE
SWANBERG ROSEANNA
REGION CODE ADDRESS : 10241 WHITETAIL DRIVE
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,213.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.92300
----------------------------------------------------------------
0 0031568405 MORTGAGORS: GHIAM NADER
GHIAM ANAHITA
REGION CODE ADDRESS : 20200 RUSTON ROAD
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,733.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,540.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.40000
----------------------------------------------------------------
0 0031568850 MORTGAGORS: HAVELAAR JEFFREY
REGION CODE ADDRESS : 9119 BLAIR RIVER CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,939.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,199,599.00
P & I AMT: 20,013.31
UPB AMT: 2,193,803.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031571011 MORTGAGORS: DAWES GARY
DAWES CONNIE
REGION CODE ADDRESS : 334 TRUMBULL ROAD
01 CITY : MANHASSET
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,373.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,179.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 45.62500
----------------------------------------------------------------
0 0031571961 MORTGAGORS: SCHULTZ ROGER
SCHULTZ PAMELA
REGION CODE ADDRESS : 27 STEEPLECHASE DRIVE
01 CITY : HAWTHORN WOODS
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,919.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031572803 MORTGAGORS: GOLSHAN JOSEPH
REGION CODE ADDRESS : 1960 CARLA RIDGE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,926.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,797.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 51.48500
----------------------------------------------------------------
0 0031573710 MORTGAGORS: CURTIS SHERRY
REGION CODE ADDRESS : 3618 LAREDO STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,288.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031573942 MORTGAGORS: SALAZAR ALEXIS
SALAZAR CATRINA
REGION CODE ADDRESS : 2662 RAMSDELL PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,305.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,000.00
P & I AMT: 16,086.54
UPB AMT: 1,789,813.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574171 MORTGAGORS: PEDEN STEVEN
THOREN-PEDEN DEBORAH
REGION CODE ADDRESS : 2422 COLT ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 493,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,612.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,539.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.77200
----------------------------------------------------------------
0 0031575046 MORTGAGORS: TAYLOR THOMAS
SALDANA LYDIA
REGION CODE ADDRESS : 13 HERITAGE OAKS
01 CITY : AUSTIN
STATE/ZIP : TX 78737
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,192.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575277 MORTGAGORS: GARZA JAMES
GARZA TRACEY
REGION CODE ADDRESS : 436 GATEWAY AVENUE
01 CITY : CLOVIS
STATE/ZIP : CA 93612
MORTGAGE AMOUNT : 122,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,026.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,125.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575483 MORTGAGORS: TIMLIN JONATHAN
REGION CODE ADDRESS : LOT 16-4-36 SANDY BROOK DRIVE
01 CITY : DURHAM
STATE/ZIP : NH 03824
MORTGAGE AMOUNT : 300,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,724.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575525 MORTGAGORS: MEISNER TIMOTHY
MEISNER ANTJE
REGION CODE ADDRESS : 124 E BAY DR
01 CITY : MADISON LAKE
STATE/ZIP : MN 56063
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,271.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.92000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,700.00
P & I AMT: 12,845.92
UPB AMT: 1,399,902.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575681 MORTGAGORS: MIYASHIRO NOLAN
MIYASHIRO SHRUTI
REGION CODE ADDRESS : 909 SOUTH NATALIE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 185,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,009.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031581481 MORTGAGORS: GOEBEL MONICA
GOEBEL GARY
REGION CODE ADDRESS : 3015 EAST ACOMA DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85032
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031581887 MORTGAGORS: ROCHA RONALD
REGION CODE ADDRESS : 11613 PICTURESQUE DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,805.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,736.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031585490 MORTGAGORS: MUNCH WILLIAM
MUNCH JO
REGION CODE ADDRESS : 10008 RANDALLSTOWN LANE
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32256
MORTGAGE AMOUNT : 258,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,510.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,324.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.04300
----------------------------------------------------------------
0 0031585532 MORTGAGORS: HURTY PAUL
TOPPER ELIZABETH
REGION CODE ADDRESS : 6526 WYNKOOP STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,400.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,366,200.00
P & I AMT: 12,474.94
UPB AMT: 1,359,726.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031585615 MORTGAGORS: MC CARTEN KEVIN
MC CARTEN BEATRIZ
REGION CODE ADDRESS : 1547 AVENIDA SALVADOR
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 442,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,789.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,070.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.31800
----------------------------------------------------------------
0 0031586183 MORTGAGORS: RUTSTEIN ALAN
RUTSTEIN ENID
REGION CODE ADDRESS : 6557 BLUEBONNET DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 345,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,807.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,158.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.52873
----------------------------------------------------------------
0 0031586977 MORTGAGORS: SHERMAN UNA
REGION CODE ADDRESS : 605 VENDOLA DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 217,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,566.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 78.90900
----------------------------------------------------------------
0 0031588817 MORTGAGORS: MASON CHRISTOPHER
MASON JERRI
REGION CODE ADDRESS : 436 RED WING DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,898.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,136.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 35.79400
----------------------------------------------------------------
0 0031589815 MORTGAGORS: MOKHTARI A
REGION CODE ADDRESS : 10704 GREAT ARBOR DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,796.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,450.00
P & I AMT: 14,434.81
UPB AMT: 1,566,859.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031593437 MORTGAGORS: HANNEY JOHN
HANNEY FAITH
REGION CODE ADDRESS : 4 MAPLE STREET
01 CITY : MERREDITH
STATE/ZIP : NH 03253
MORTGAGE AMOUNT : 82,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 82,148.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 758.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031594617 MORTGAGORS: WILSON JOHN
WILSON VERA
REGION CODE ADDRESS : 604 N CHESTER ROAD
01 CITY : SWARTHMORE
STATE/ZIP : PA 19081
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,223.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.32400
----------------------------------------------------------------
0 0031595796 MORTGAGORS: WIESMAN BARRY
WIESMAN SUSAN
REGION CODE ADDRESS : 8501 W UNIVERSITY AVE UNIT#2004
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 60,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 60,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 560.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.44200
----------------------------------------------------------------
0 0031597412 MORTGAGORS: SIOJO GEORGE
SIOJO SABRINA
REGION CODE ADDRESS : 1363 TERREBONNE DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,434.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.30100
----------------------------------------------------------------
0 0031597693 MORTGAGORS: VOGEL MATTHEW
REGION CODE ADDRESS : 11910 FARNDON AVENUE
01 CITY : CHINO
STATE/ZIP : CA 91710
MORTGAGE AMOUNT : 96,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,903.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 773,050.00
P & I AMT: 7,053.31
UPB AMT: 766,659.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599095 MORTGAGORS: CONRAD WILLIAM
CONRAD JACKIE
REGION CODE ADDRESS : 249 E AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,434.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031600661 MORTGAGORS: SLONSKI MICHAEL
SLONSKI MARY
REGION CODE ADDRESS : 2549 RALEIGH WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,278.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031601537 MORTGAGORS: TAYLOR SCOTT
ELSIE DEAN
REGION CODE ADDRESS : 2180 NELSON ROAD
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 388,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,586.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,521.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602931 MORTGAGORS: GRAY DONALD
GRAY MARGARET
REGION CODE ADDRESS : 496 WILLIAMS STREET
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031604721 MORTGAGORS: MIYAKE DOUGLAS
MIYAKE KIM
REGION CODE ADDRESS : 377 PALOS VERDES DRIVE WEST
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,405.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.76300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,039,800.00
P & I AMT: 18,407.84
UPB AMT: 2,035,270.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031604747 MORTGAGORS: HUMPHRIES TOMMY
PADDEN CAROL
REGION CODE ADDRESS : 1743 SEAVIEW AVENUE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,610.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,107.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.72400
----------------------------------------------------------------
0 0031604770 MORTGAGORS: BISHOFF W
BISHOFF JANINE
REGION CODE ADDRESS : 5425 OLIVE HILL ROAD
01 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 284,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,313.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.78600
----------------------------------------------------------------
0 0031605843 MORTGAGORS: DERDULA DANIEL
PARHIZGAR AZIN
REGION CODE ADDRESS : 4988 PINECROFT WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,082.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,663.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.09500
----------------------------------------------------------------
0 0031607682 MORTGAGORS: GEYER ROBERT
REGION CODE ADDRESS : 911 GRANDVIEW AVENUE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 131,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,332.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,177.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 67.87500
----------------------------------------------------------------
0 0031607773 MORTGAGORS: YIM YUNG
YIM SOON
REGION CODE ADDRESS : 4349 CORDERO DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,625.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,139.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.64600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,200.00
P & I AMT: 14,662.54
UPB AMT: 1,602,964.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031607906 MORTGAGORS: VORA SHAILESH
VORA LAKSHMI
REGION CODE ADDRESS : 1022 EASTOVER DR.
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48304
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,732.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,753.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.34200
----------------------------------------------------------------
0 0031608037 MORTGAGORS: DENHERDER THOMAS
DENHERDER SUSAN
REGION CODE ADDRESS : 10982 RILEY
01 CITY : HOLLAND
STATE/ZIP : MI 49424
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,063.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031609209 MORTGAGORS: CORNETT LARRY
CORNETT DEANNA
REGION CODE ADDRESS : 1992 HACIENDA DRIVE
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,104.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,647.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.31579
----------------------------------------------------------------
0 0031609357 MORTGAGORS: KIETZKE DAVID
KIETZKE KATHRYN
REGION CODE ADDRESS : 4640 ALDER AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 275,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,372.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,454.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031609365 MORTGAGORS: SORENSEN ERIC
SORENSEN KATHY
REGION CODE ADDRESS : 3240 BEACHCOMBER DRIVE
01 CITY : MORRO BAY
STATE/ZIP : CA 93442
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,838.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,307.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.37200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,850.00
P & I AMT: 13,880.50
UPB AMT: 1,529,111.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609399 MORTGAGORS: KORBONSKI JOHN
KORBONSKI YVONNA
REGION CODE ADDRESS : 33731 GLOCAMORA LANE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,993.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,933.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031609431 MORTGAGORS: HUANG BEN
HUANG MAVIS
REGION CODE ADDRESS : 19472 WOODLANDS DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,766.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,514.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.18000
----------------------------------------------------------------
0 0031609480 MORTGAGORS: NELSON ELAINE
NELSON JOHN
REGION CODE ADDRESS : 36 PORTUGUESE BEND ROAD
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,819.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,299.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 38.14400
----------------------------------------------------------------
0 0031609563 MORTGAGORS: STERK JEFFREY
STERK KIMBERLY
REGION CODE ADDRESS : 1605 SCOTT PLACE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 282,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,857.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031609761 MORTGAGORS: CHARLU DANIEL
CHARLU MALATHI
REGION CODE ADDRESS : 987 HAMPSWOOD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,435.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,458.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.41300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,189,750.00
P & I AMT: 19,747.53
UPB AMT: 2,182,872.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031611155 MORTGAGORS: TOKUNAGA KOSUKE
OHMOTO CHIEKO
REGION CODE ADDRESS : 560 GABRIEL AVENUE
01 CITY : YUBA CITY
STATE/ZIP : CA 95993
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,014.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.45700
----------------------------------------------------------------
0 0031614001 MORTGAGORS: MALI DHIRU
REGION CODE ADDRESS : 18723 DINA PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/08
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.15000
----------------------------------------------------------------
0 0031614050 MORTGAGORS: LAIL RAMIN
SAFDARI LEENA
REGION CODE ADDRESS : 3055 SAN FERNANDO WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,522.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,494.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031616055 MORTGAGORS: LILLEY PAMELA
REGION CODE ADDRESS : 32732 COUNTY LINE ROAD
01 CITY : WICKENBURG
STATE/ZIP : AZ 85390
MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,061.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,438.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.14100
----------------------------------------------------------------
0 0031617533 MORTGAGORS: JOHNSON CRAIG
JOHNSON DEANA
REGION CODE ADDRESS : 11416 SOUTH GRANITE AVENUE
01 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,313.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,745.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,203,000.00
P & I AMT: 11,282.25
UPB AMT: 1,197,910.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031617954 MORTGAGORS: MCGRATH BRUCE
MCGRATH GERALDINE
REGION CODE ADDRESS : 1002 GOOSE COURT
01 CITY : BODEGA BAY
STATE/ZIP : CA 94923
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------
0 0031617996 MORTGAGORS: BURROWS OLIVER
BURROWS MARY
REGION CODE ADDRESS : 2400 MARTINGAIL DRIVE
01 CITY : COVINA (AREA)
STATE/ZIP : CA 91722
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,232.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.29500
----------------------------------------------------------------
0 0031618085 MORTGAGORS: PAN MICHAEL
PAN LINDA
REGION CODE ADDRESS : 5215 BAZA AVENUE
01 CITY : WOODLAND HILLS LOS ANGELE
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,183.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.85700
----------------------------------------------------------------
0 0031618218 MORTGAGORS: BROWN DON
REGION CODE ADDRESS : 7219 DAFFODIL PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,709.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.11200
----------------------------------------------------------------
0 0031625999 MORTGAGORS: BOYD CRAIG
BOYD JEANNE
REGION CODE ADDRESS : 1760 8TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,587.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.10000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,000.00
P & I AMT: 12,955.80
UPB AMT: 1,430,529.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632839 MORTGAGORS: WANG KUO SHU
WANG KUOHSU
REGION CODE ADDRESS : 1083 FUCHSIA DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.50600
----------------------------------------------------------------
0 0070033667 MORTGAGORS: FOGGETTI NICO
FOGGETTI JOSEPHINE
REGION CODE ADDRESS : 32W648 HONEY HILL CIRCLE
01 CITY : WAYNE
STATE/ZIP : IL 60184
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,882.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/08
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 41.73504
----------------------------------------------------------------
0 0070049358 MORTGAGORS: TYSON CHARLES
AGUILAR SANDRA
REGION CODE ADDRESS : 6920 WILDROSE TERRACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0070055330 MORTGAGORS: PREPOSI CAESAR
PREPOSI MARLENE
REGION CODE ADDRESS : 69-11 LITTLE NECK
01 CITY : GLEN OAKS
STATE/ZIP : NY 11004
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,266.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.45614
----------------------------------------------------------------
0 0070055934 MORTGAGORS: AINSWORTH MICHAEL
AINSWORTH SALLY
REGION CODE ADDRESS : 1534 AZALEA AVE
01 CITY : ONTARIO
STATE/ZIP : CA 91762
MORTGAGE AMOUNT : 114,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,710.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 980.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 001
LTV : 82.23022
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,106,450.00
P & I AMT: 10,637.62
UPB AMT: 1,105,127.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070063474 MORTGAGORS: GRUNDNER ALBIN
KEMP CHRISTINE
REGION CODE ADDRESS : 49 WEDGEWOOD DRIVE
01 CITY : WEST PATERS
STATE/ZIP : NJ 07424
MORTGAGE AMOUNT : 180,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.28846
----------------------------------------------------------------
0 0070070677 MORTGAGORS: PARISE JOHN
HASSAN MARGO
REGION CODE ADDRESS : 84 ELBROOK DRIVE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,934.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,765.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 86.48649
----------------------------------------------------------------
0 0070072574 MORTGAGORS: RICHARDS RONALD
REGION CODE ADDRESS : 1910 WEST 9TH STREET
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.37838
----------------------------------------------------------------
0 0070073978 MORTGAGORS: RUSSELL ROXANNE
REGION CODE ADDRESS : 8616 LYNBROOK DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 229,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,074.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 87.37643
----------------------------------------------------------------
0 0070074505 MORTGAGORS: ABBADESSA FRANK
ABBADESSA PAMELA
REGION CODE ADDRESS : 7108 VIA DICHA
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,750.00
P & I AMT: 11,266.26
UPB AMT: 1,270,959.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070076831 MORTGAGORS: PERLSTEIN BRAD
PERLSTEIN LORI
REGION CODE ADDRESS : 8 SUTHERLAND DRIVE
01 CITY : HIGHLAND MI
STATE/ZIP : NY 10930
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070080270 MORTGAGORS: CLAYTON RICHARD
CLAYTON JENESE
REGION CODE ADDRESS : 816 ANDOVER BOULEVARD
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,186.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.81915
----------------------------------------------------------------
0 0070080510 MORTGAGORS: WALSH FRANCIS
WALSH KAREN
REGION CODE ADDRESS : 129 VICTORIA LANE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,095.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 56.19048
----------------------------------------------------------------
0 0070082748 MORTGAGORS: MILLER ROBERT
MILLER ANITA
REGION CODE ADDRESS : 13511 WOODMORE ROAD
01 CITY : MITCHELLVIL
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 273,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 72.88000
----------------------------------------------------------------
0 0070083795 MORTGAGORS: PERCIVAL JOHN
PERCIVAL LINDA
REGION CODE ADDRESS : 304 SOUTH 2ND STREET
01 CITY : PHILADELPHI
STATE/ZIP : PA 19106
MORTGAGE AMOUNT : 352,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,171.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.14545
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,100.00
P & I AMT: 12,673.65
UPB AMT: 1,432,382.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070085691 MORTGAGORS: GRIER DAVID
GRIER LINDA
REGION CODE ADDRESS : 3 FIRST COURT
01 CITY : WINDERMERE
STATE/ZIP : FL 34786
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,063.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.85629
----------------------------------------------------------------
0 0070087069 MORTGAGORS: CHOI KANG
KIM HYUN
REGION CODE ADDRESS : 2021 OAKDALE STREET
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.76923
----------------------------------------------------------------
0 0070087689 MORTGAGORS: JENSEN DAVID
JENSEN LILIA
REGION CODE ADDRESS : 1813 MORGAN LANE
01 CITY : REDONDO BEA
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 83.33333
----------------------------------------------------------------
0 0070088356 MORTGAGORS: KAIREY ELI
KAIREY MARJORIE
REGION CODE ADDRESS : 1049 ELBERON AVENUE
01 CITY : LONG BRANCH
STATE/ZIP : NJ 07740
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 43.47826
----------------------------------------------------------------
0 0070088893 MORTGAGORS: DONOHUE PATRICK
DONOHUE EILEEN
REGION CODE ADDRESS : 2175 FOX CREEK ROAD
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 294,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,680.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.52632
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,100.00
P & I AMT: 12,560.43
UPB AMT: 1,388,244.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070090725 MORTGAGORS: PESNER STANLEY
PESNER LILA
REGION CODE ADDRESS : 1850 AVENIDA DEL NORTE
01 CITY : FULLERTON
STATE/ZIP : CA 92633
MORTGAGE AMOUNT : 287,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,378.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/08
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.95556
----------------------------------------------------------------
0 0070093208 MORTGAGORS: SERIO JOSEPH
SERIO ANDREA
REGION CODE ADDRESS : 4982 DAVIS DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.31461
----------------------------------------------------------------
0 0070095278 MORTGAGORS: HURT CHARLES
GIBSON CHRISTINE
REGION CODE ADDRESS : 1339 CAROLINE STREET
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,518.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.87500
----------------------------------------------------------------
0 0070099098 MORTGAGORS: WINCELE ERIC
WINCELE COLLEENE
REGION CODE ADDRESS : 22321 KIRKWOOD
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,187.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 89.36170
----------------------------------------------------------------
0 0070100730 MORTGAGORS: MENDEZ RAMON
MENDEZ MARIA
REGION CODE ADDRESS : 9109 OAK CHASE COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.71795
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,800.00
P & I AMT: 12,918.83
UPB AMT: 1,345,987.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070101308 MORTGAGORS: SINGH RAMPAUL
SINGH NAMITA
REGION CODE ADDRESS : 19 TIMBERLAND CIRCLE NORTH
01 CITY : FORT MYERS
STATE/ZIP : FL 33919
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,119.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.21598
----------------------------------------------------------------
0 0070105192 MORTGAGORS: BUCKHOLTZ JOHN
BUCKHOLTZ MARY
REGION CODE ADDRESS : 344 GREENLAWN ROAD
01 CITY : GREENLAWN
STATE/ZIP : NY 11740
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,188.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.78788
----------------------------------------------------------------
0 0070108238 MORTGAGORS: MUKAI JOHN
O'GRADY KATHLEEN
REGION CODE ADDRESS : 4807 WEST 19TH AVENUE
01 CITY : KENNEWICK
STATE/ZIP : WA 99337
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,073.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,738.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070108576 MORTGAGORS: HOFMANN PHILIP
MASCOLO LISA
REGION CODE ADDRESS : 1560 LOWER STATE ROAD
01 CITY : CHALFONT
STATE/ZIP : PA 18914
MORTGAGE AMOUNT : 298,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.43590
----------------------------------------------------------------
0 0070109988 MORTGAGORS: ARTEAGA ELOY
ARTEAGA MARY
REGION CODE ADDRESS : 23936 FRIGATE DRIVE
01 CITY : LAGUNA NIGU
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,921.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,050.00
P & I AMT: 12,855.34
UPB AMT: 1,410,312.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070114160 MORTGAGORS: WAITE F
REGION CODE ADDRESS : 10 BLOOD ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.86301
----------------------------------------------------------------
0 0070114293 MORTGAGORS: PARA KEVIN
REGION CODE ADDRESS : 2211 SONBRIA
01 CITY : TUSTIN
STATE/ZIP : CA 92680
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.41889
----------------------------------------------------------------
0 0070115241 MORTGAGORS: KLEINERT RICHARD
KLEINERT DARLEEN
REGION CODE ADDRESS : 3090 DRAGONFLY STREET
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 404,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,692.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.32353
----------------------------------------------------------------
0 0070115464 MORTGAGORS: MAKINS CHRISTOPHE
MAKINS WENDY
REGION CODE ADDRESS : 3034 P STREET N W
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 350,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,114.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/08
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 39.38202
----------------------------------------------------------------
0 0070115563 MORTGAGORS: DURDA JUDI
LAPE JAMES
REGION CODE ADDRESS : 731 CHICKAMAUGA DRIVE
01 CITY : DAVIDSONVIL
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 357,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,260.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.37778
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,250.00
P & I AMT: 16,367.58
UPB AMT: 1,695,250.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070119201 MORTGAGORS: DESAI VYOMESH
DESAI MINA
REGION CODE ADDRESS : 8 CHERRY POINT COURT
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.80282
----------------------------------------------------------------
0 0070121843 MORTGAGORS: ROFE ALBERT
ROFE SHARON
REGION CODE ADDRESS : 1110 HEATHWOOD CT
01 CITY : HOUSTON
STATE/ZIP : TX 77077
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.63636
----------------------------------------------------------------
0 0070124607 MORTGAGORS: MARTINEZ JOAQUIN
MARTINEZ ANNA
REGION CODE ADDRESS : 16420 WEST ELLSWORTH AVENU
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,085.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.90289
----------------------------------------------------------------
0 0070125240 MORTGAGORS: EBY EUGENE
EBY PATRICIA
REGION CODE ADDRESS : 6005 SOUTH CHESTER WAY
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 248,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.01389
----------------------------------------------------------------
0 0070127048 MORTGAGORS: RUKIN EARL
REGION CODE ADDRESS : 4655 PLAZA PECOS DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89121
MORTGAGE AMOUNT : 244,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,338.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.96970
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,290,550.00
P & I AMT: 11,690.21
UPB AMT: 1,288,873.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070140736 MORTGAGORS: CORPANY DAN
CORPANY CATHERINE
REGION CODE ADDRESS : 3300 SANTA MONICA DRIVE
01 CITY : DENTON
STATE/ZIP : TX 76201
MORTGAGE AMOUNT : 246,840.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,840.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.77143
----------------------------------------------------------------
0 0070141122 MORTGAGORS: DYDENSBORG HANS
DYDENSBORG KATHERINE
REGION CODE ADDRESS : 543 CHERRY TREE LANE
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 240,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,416.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.51987
----------------------------------------------------------------
0 0070153549 MORTGAGORS: BRUNE KURT
RODENBORN MICHELLE
REGION CODE ADDRESS : 3543 BENDIGO DRIVE
01 CITY : RANCHO PALO
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,432.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.33333
----------------------------------------------------------------
0 0070155726 MORTGAGORS: PEUGH WILLIAM
PEUGH SHARON
REGION CODE ADDRESS : 1413 SPLENDIDO DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,469.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.76923
----------------------------------------------------------------
0 0070165816 MORTGAGORS: MCCUSKER EDWARD
MCCUSKER JACQUELINE
REGION CODE ADDRESS : 1206 REINS CIRCLE
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 230,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.34483
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,090.00
P & I AMT: 12,606.98
UPB AMT: 1,372,825.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070168232 MORTGAGORS: KOWALSKI ROCHELLE
KOWALSKI ROMAN
REGION CODE ADDRESS : 173 LAKE JUST'IT ROAD
01 CITY : HOPE
STATE/ZIP : NJ 07844
MORTGAGE AMOUNT : 221,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070180120 MORTGAGORS: MACHACEK KENNETH
MACHACEK SANDRA
REGION CODE ADDRESS : 8 SUGAR MAPLE ROW
01 CITY : CHESTER
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 42.14286
----------------------------------------------------------------
0 0070180781 MORTGAGORS: ZELINGER PHILIP
ZELINGER MARY ANN
REGION CODE ADDRESS : 1345 SW 21ST AVENUE
01 CITY : BOCA RATON
STATE/ZIP : FL 33486
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.52500
----------------------------------------------------------------
0 0070191903 MORTGAGORS: APPOLLINA MARY
PETILL PAMELA
REGION CODE ADDRESS : 4 WOODS ROAD
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 236,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.74242
----------------------------------------------------------------
0 0070219373 MORTGAGORS: HOLVE DONALD
HOLVE JANICE
REGION CODE ADDRESS : 7101 NORFOLK DRIVE
01 CITY : Oakland
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 403,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,629.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.53000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,850.00
P & I AMT: 12,642.95
UPB AMT: 1,398,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 06/01/98
P.O. BOX 5260 TMS AG0004981115 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070253190 MORTGAGORS: SMITH DEBRA
REGION CODE ADDRESS : 2858 DRAKE AVENUE
01 CITY : Costa Mesa
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 1
LOAN AMT: 184,000.00
P & I AMT: 1,641.01
UPB AMT: 184,000.00
0 TOTAL NUM OF LOANS: 366
LOAN AMT: 116,287,499.00
P & I AMT: 1,058,607.96
UPB AMT: 115,714,205.91
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-11
Pursuant to the Pooling and Servicing Agreement dated
as of June 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly
Payments: Pool 1 Pool 2 Pool 3
------ ------ ------
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this month:
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
(3) Aggregate Principal
Prepayments in part received
and applied in the applicable
Prepayment Period:
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
(4) Aggregate Principal Prepayments
in full received in the
applicable Prepayment Period:
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
D-1
<PAGE>
(5) Aggregate Insurance
Proceeds (including purchases
of Mortgage Loans by primary Pool 1 Pool 2 Pool 3
mortgage insurers) for ------ ------ ------
prior month:
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
(6) Aggregate Liquidation Proceeds
for prior month:
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
(7) Aggregate Purchase Prices
for Defaulted and Modified
Mortgage Loans:
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $ $ $
-------- -------- -------
(b) Interest $ $ $
-------- -------- -------
(c) Total $ $ $
-------- -------- -------
(9) Pool Scheduled
Principal Balance: $ $ $
-------- -------- -------
(10) Available Funds: $ $ $
-------- -------- -------
(11) Realized Losses for prior mont$: $ $ $
-------- -------- -------
(12) Aggregate Realized Losses and Debt
Service Reductions:
(a) Deficient Valuations $ $ $
-------- -------- -------
(b) Special Hazard $ $ $
-------- -------- -------
(c) Fraud Losses $ $ $
-------- -------- -------
(d) Excess Bankruptcy Losses $ $ $
-------- -------- -------
(e) Excess Special Hazard Losses $ $ $
-------- -------- -------
(f) Excess Fraud Losses $ $ $
-------- -------- -------
(g) Debt Service Reductions $ $ $
-------- -------- -------
(13) Compensating Interest Payment: $ $ $
-------- -------- -------
D-2
(14) Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class 1-A1 $ $ %
-------------- ---------- ----
Class 1-A2 $ $ %
-------------- ---------- ----
Class 1-A3 $ $ %
-------------- ---------- ----
Class 1-A4 $ $ %
-------------- ---------- ----
Class 1-A5 $ $ %
-------------- ---------- ----
Class 1-A6 $ $ %
-------------- ---------- ----
Class 1-A7 $ $ %
-------------- ---------- ----
Class 1-A8 $ $ %
-------------- ---------- ----
Class 1-A9 $ $ %
-------------- ---------- ----
Class 1-A10 $ $ %
-------------- ---------- ----
Class 1-A11 $ $ %
-------------- ---------- ----
Class 1-A12 $ $ %
-------------- ---------- ----
Class 1-A13 $ $ %
-------------- ---------- ----
Class 1-A14 $ $ %
-------------- ---------- ----
Class 1-A15 $ $ %
-------------- ---------- ----
Class 1-A16 $ $ %
-------------- ---------- ----
Class 1-A17 $ $ %
-------------- ---------- ----
Class 1-M $ $ %
-------------- ---------- ----
Class 1-B1 $ $ %
-------------- ---------- ----
Class 1-B2 $ $ %
-------------- ---------- ----
Class 1-B3 $ $ %
-------------- ---------- ----
Class 1-B4 $ $ %
-------------- ---------- ----
Class 1-B5 $ $ %
-------------- ---------- ----
Class 1-R $ $ %
-------------- ---------- ----
Class 2-A1 $ $ %
-------------- ---------- ----
Class 2-A2 $ $ %
-------------- ---------- ----
Class 2-A3 $ $ %
-------------- ---------- ----
Class 2-A4 $ $ %
-------------- ---------- ----
Class 2-A5 $ $ %
-------------- ---------- ----
Class 2-A6 $ $ %
-------------- ---------- ----
Class 2-A7 $ $ %
-------------- ---------- ----
Class 2-A8 $ $ %
-------------- ---------- ----
Class 2-A9 $ $ %
-------------- ---------- ----
Class 2-A10 $ $ %
-------------- ---------- ----
Class 2-A11 $ $ %
-------------- ---------- ----
Class 2-A12 $ $ %
-------------- ---------- ----
Class 2-A13 $ $ %
-------------- ---------- ----
Class 2-A14 $ $ %
-------------- ---------- ----
Class 2-A15 $ $ %
-------------- ---------- ----
Class 2-A16 $ $ %
-------------- ---------- ----
Class 2-M $ $ %
-------------- ---------- ----
Class 2-B1 $ $ %
-------------- ---------- ----
D-3
<PAGE>
Class 2-B2 $ $ %
-------------- ---------- ----
Class 2-B3 $ $ %
-------------- ---------- ----
Class 2-B4 $ $ %
-------------- ---------- ----
Class 2-B5 $ $ %
-------------- ---------- ----
Class 2-R $ $ %
-------------- ---------- ----
Class 2-RL $ $ %
-------------- ---------- ----
Class 3-A $ $ %
-------------- ---------- ----
Class 3-M $ $ %
-------------- ---------- ----
Class 3-B1 $ $ %
-------------- ---------- ----
Class 3-B2 $ $ %
-------------- ---------- ----
Class 3-B3 $ $ %
-------------- ---------- ----
Class 3-B4 $ $ %
-------------- ---------- ----
Class 3-B5 $ $ %
-------------- ---------- ----
Class 3-R $ $ %
-------------- ---------- ----
(15) Principal distributable:
Class 1-A1 $
--------------
Class 1-A2 $
--------------
Class 1-A3 $
--------------
Class 1-A5 $
--------------
Class 1-A6 $
--------------
Class 1-A7 $
--------------
Class 1-A8 $
--------------
Class 1-A9 $
--------------
Class 1-A10 $
--------------
Class 1-A11 $
--------------
Class 1-A12 $
--------------
Class 1-A13 $
--------------
Class 1-A14 $
--------------
Class 1-A15 $
--------------
Class 1-A16 $
--------------
Class 1-A17 $
--------------
Class 1-PO $
--------------
Class 1-M $
--------------
Class 1-B1 $
--------------
Class 1-B2 $
--------------
Class 1-B3 $
--------------
Class 1-B4 $
--------------
Class 1-B5 $
--------------
Class 1-R $
--------------
Class 2-A1 $
--------------
Class 2-A2 $
--------------
Class 2-A3 $
--------------
Class 2-A4 $
--------------
D-4
<PAGE>
Class 2-A5 $
--------------
Class 2-A6 $
--------------
Class 2-A7 $
--------------
Class 2-A8 $
--------------
Class 2-A9 $
--------------
Class 2-A10 $
--------------
Class 2-A11 $
--------------
Class 2-A12 $
--------------
Class 2-A14 $
--------------
Class 2-A15 $
--------------
Class 2-A16 $
--------------
Class 2-PO $
--------------
Class 2-M $
--------------
Class 2-B1 $
--------------
Class 2-B2 $
--------------
Class 2-B3 $
--------------
Class 2-B4 $
--------------
Class 2-B5 $
--------------
Class 2-R $
--------------
Class 2-RL $
--------------
Class 3-A $
--------------
Class 3-PO $
--------------
Class 3-M $
--------------
Class 3-B1 $
--------------
Class 3-B2 $
--------------
Class 3-B3 $
--------------
Class 3-B4 $
--------------
Class 3-B5 $
--------------
Class 3-R $
--------------
(16) Additional distributions to the Residual Certificates
pursuant to Section 4.01(c) or
Section 2.05(a)(iii):
Class 1-R $
--------------
Class 2-R $
--------------
Class 2-RL $
--------------
Class 3-R $
--------------
(17) Distributions Allocable to Unanticipated Recoveries:
Class 1-A1 $
--------------
Class 1-A2 $
--------------
Class 1-A3 $
--------------
Class 1-A4 $
--------------
Class 1-A5 $
--------------
Class 1-A6 $
--------------
D-5
<PAGE>
Class 1-A7 $
--------------
Class 1-A8 $
--------------
Class 1-A9 $
--------------
Class 1-A10 $
--------------
Class 1-A11 $
--------------
Class 1-A12 $
--------------
Class 1-A13 $
--------------
Class 1-A14 $
--------------
Class 1-A15 $
--------------
Class 1-A16 $
--------------
Class 1-A17 $
--------------
Class 1-PO $
--------------
Class 1-M $
--------------
Class 1-B1 $
--------------
Class 1-B2 $
--------------
Class 1-B3 $
--------------
Class 1-B4 $
--------------
Class 1-B5 $
--------------
Class 1-R $
--------------
Class 2-A1 $
--------------
Class 2-A2 $
--------------
Class 2-A3 $
--------------
Class 2-A4 $
--------------
Class 2-A5 $
--------------
Class 2-A6 $
--------------
Class 2-A7 $
--------------
Class 2-A8 $
--------------
Class 2-A9 $
--------------
Class 2-A10 $
--------------
Class 2-A11 $
--------------
Class 2-A12 $
--------------
Class 2-A14 $
--------------
Class 2-A15 $
--------------
Class 2-A16 $
--------------
Class 2-PO $
--------------
Class 2-M $
--------------
Class 2-B1 $
--------------
Class 2-B2 $
--------------
Class 2-B3 $
--------------
Class 2-B4 $
--------------
Class 2-B5 $
--------------
Class 2-R $
--------------
Class 2-RL $
--------------
Class 3-A $
--------------
D-6
<PAGE>
Class 3-M $
--------------
Class 3-B1 $
--------------
Class 3-B2 $
--------------
Class 3-B3 $
--------------
Class 3-B4 $
--------------
Class 3-B5 $
--------------
Class 3-R $
--------------
B. Other Amounts:
1. Senior Percentage for such Distribution Date:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
2. Senior Prepayment Percentage for such Distribution Date:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
3. Pool 1 Group II Senior Percentage
for such % Distribution Date: --------------%
4. Pool 1 Group II Senior Distribution
Percentage for such Distribution
Date: --------------%
5. Class 2-A4 Percentage for such
Distribution Date: --------------%
6. Class 2-A4 Distribution Percentage
for such Distribution Date: --------------%
7. Junior Percentage for such Distribution Date:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
8. Junior Prepayment Percentage for such Distribution Date:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
9. Subordinate Certificate Writedown Amount for such
Distribution Date:
Pool 1 --------------%
Pool 2 --------------%
D-7
<PAGE>
Pool 3 --------------%
10. Prepayment Distribution Triggers
satisfied: Yes: No
---- --
Class 1-B1 ---- ----
Class 1-B2 ---- ----
Class 1-B3 ---- ----
Class 1-B4 ---- ----
Class 1-B5 ---- ----
Class 2-B1 ---- ----
Class 2-B2 ---- ----
Class 2-B3 ---- ----
Class 2-B4 ---- ----
Class 2-B5 ---- ----
Class 3-B1 ---- ----
Class 3-B2 ---- ----
Class 3-B3 ---- ----
Class 3-B4 ---- ----
Class 3-B5 ---- ----
11. Base Servicing Fee:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
12. Supplemental Servicing Fee:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
----------------------------------
Name:
Title:
D-8
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies that:
1. That he [she] is [title of officer]
of [name of Investor]
______________________________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of 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 (x) such transferee is not an
employee benefit plan subject to ERISA or a plan subject to
Section 4975 of the Code (a "Plan") and is not using the assets
of any such employee benefit or other plan to acquire any such
Certificate or (y) such transferee is an insurance company
investing assets of its general account and the Exemptions apply
to such transferee's acquisition and holding of any such
Certificate or (ii) an opinion of counsel satisfactory to the
Trustee to the effect that the purchase and holding of any such
Certificate will not constitute or result in the assets of the
related Trust Fund created by the Agreement being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement (provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of any such Certificate by a Plan
or a Person that is
E-1
<PAGE>
purchasing or holding any such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be
registered in the name of
______________________________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
___________________________________
[name of Investor]
By:________________________________
Name:
Title:
The undersigned hereby
acknowledges that it
is holding and will
hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
______________________________
[name of nominee]
By:___________________________
Name:
Title:
E-2
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] of [name of
Purchaser] _________________________________________ (the
"Purchaser"), a _______________________ [description of type of
entity] duly organized and existing under the laws of the [State
of __________] [United States], on behalf of which he [she] makes
this affidavit.
2. That the Purchaser's Taxpayer Identification Number
is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class 1-R, Class 2-R, Class 2-RL or Class 3-R Certificate"
of GE Capital Mortgage Services, Inc.'s REMIC Multi-Class
Pass-Through Certificates, Series 1998-11.
4. That the Purchaser is not, and on __________ [insert
date of transfer of Residual Certificate to Purchaser] will not
be, and is not and on such date will not be investing the assets
of, an employee benefit plan subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or a plan
subject to Code Section 4975 or a person or entity that is using
the assets of any employee benefit plan or other plan to acquire
a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of June
1, 1998, no
F-1
<PAGE>
transfer of the Residual Certificates shall be
permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of the
Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Pool 1 Trust Fund, in the case of the Class 1-R Certificates,
F-2
the Upper Tier REMIC or Lower Tier REMIC, in the case of the
Class 2-R or Class 2-RL Certificates, or the Pool 3 Trust Fund,
in the case of the Class 3-R Certificates, pursuant to the
Pooling and Servicing Agreement.
* * * * * *
F-3
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
_____________________________
[Name of Purchaser]
By:__________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
F-4
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1998-11
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:
G-1
<PAGE>
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests (copies
of loan file documents, additional
pay-off quotations,amortization
schedules, payment histories) $0
Modification Fees Reasonable and Customary Charges
H-1
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
____________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass Through
Certificates, Series 1998-11
______________________________
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ____________________________ [description of type
of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc.
(the "Company"), dated as of 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.
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
I-1
<PAGE>
distribution of the Restricted Certificates in any manner that
would violate the Securities Act or any applicable state
securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of ___________________________ as nominee for the Investor.]
I-2
<PAGE>
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
______________________________
[name of Investor]
By:___________________________
Name:
Title:
The undersigned hereby
acknowledges that it
is holding and will
hold the Restricted
Certificates at the
exclusive direction of
and as nominee of the
Investor named above.
______________________________
[name of nominee]
By:___________________________
Name:
Title:
I-3
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
----------------, -----
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-11
Pursuant to the Pooling and Servicing Agreement dated
as of June 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution allocable to principal:
Class 1-A1 $
----------
Class 1-A2 $
----------
Class 1-A3 $
----------
Class 1-A5 $
----------
Class 1-A6 $
----------
Class 1-A7 $
----------
Class 1-A8 $
----------
Class 1-A9 $
----------
Class 1-A10 $
----------
Class 1-A11 $
----------
Class 1-A12 $
----------
Class 1-A13 $
----------
Class 1-A14 $
----------
Class 1-A15 $
----------
Class 1-A16 $
----------
Class 1-A17 $
----------
Class 1-PO $
----------
Class 1-M $
----------
Class 1-B1 $
----------
Class 1-B2 $
----------
Class 1-B3 $
----------
Class 1-B4 $
----------
Class 1-B5 $
----------
Class 1-R $
----------
J-1
<PAGE>
Class 2-A1 $
----------
Class 2-A2 $
----------
Class 2-A3 $
----------
Class 2-A4 $
----------
Class 2-A5 $
----------
Class 2-A6 $
----------
Class 2-A7 $
----------
Class 2-A8 $
----------
Class 2-A9 $
----------
Class 2-A10 $
----------
Class 2-A11 $
----------
Class 2-A12 $
----------
Class 2-A14 $
----------
Class 2-A15 $
----------
Class 2-A16 $
----------
Class 2-PO $
----------
Class 2-M $
----------
Class 2-B1 $
----------
Class 2-B2 $
----------
Class 2-B3 $
----------
Class 2-B4 $
----------
Class 2-B5 $
----------
Class 2-R $
----------
Class 2-RL $
----------
Class 3-A $
----------
Class 3-PO $
----------
Class 3-M $
Class 3-B1 $
----------
Class 3-B2 $
----------
Class 3-B3 $
----------
Class 3-B4 $
----------
Class 3-B5 $
----------
(2) Aggregate principal prepayments included in distribution:
Class 1-A1 $
Class 1-A2 $
----------
Class 1-A3 $
----------
Class 1-A5 $
----------
Class 1-A6 $
----------
Class 1-A7 $
----------
Class 1-A8 $
----------
Class 1-A9 $
----------
Class 1-A10 $
----------
Class 1-A11 $
----------
J-2
<PAGE>
Class 1-A12 $
----------
Class 1-A13 $
----------
Class 1-A14 $
----------
Class 1-A15 $
----------
Class 1-A16 $
----------
Class 1-A17 $
----------
Class 1-PO $
----------
Class 1-M $
----------
Class 1-B1 $
----------
Class 1-B2 $
----------
Class 1-B3 $
----------
Class 1-B4 $
----------
Class 1-B5 $
----------
Class 1-R $
----------
Class 2-A1 $
----------
Class 2-A2 $
----------
Class 2-A3 $
----------
Class 2-A4 $
----------
Class 2-A5 $
----------
Class 2-A6 $
----------
Class 2-A7 $
----------
Class 2-A8 $
----------
Class 2-A9 $
----------
Class 2-A10 $
----------
Class 2-A11 $
----------
Class 2-A12 $
----------
Class 2-A14 $
----------
Class 2-A15 $
----------
Class 2-A16 $
----------
Class 2-PO $
----------
Class 2-M $
----------
Class 2-B1 $
----------
Class 2-B2 $
----------
Class 2-B3 $
----------
Class 2-B4 $
----------
Class 2-B5 $
----------
Class 2-R $
----------
Class 2-RL $
----------
Class 3-A $
----------
Class 3-PO $
----------
Class 3-M $
----------
Class 3-B1 $
----------
Class 3-B2 $
----------
Class 3-B3 $
----------
J-3
<PAGE>
Class 3-B4 $
----------
Class 3-B5 $
----------
Class 3-R $
----------
(3) Amount of distribution allocable to interest; Pay-out Rate:
Class 1-A1 $ %
--------- ----
Class 1-A2 $ %
--------- ----
Class 1-A3 $ %
--------- ----
Class 1-A4 $ %
--------- ----
Class 1-A5 $ %
--------- ----
Class 1-A6 $ %
--------- ----
Class 1-A7 $ %
--------- ----
Class 1-A8 $ %
--------- ----
Class 1-A10 $ %
--------- ----
Class 1-A11 $ %
--------- ----
Class 1-A12 $ %
--------- ----
Class 1-A13 $ %
--------- ----
Class 1-A14 $ %
--------- ----
Class 1-A15 $ %
--------- ----
Class 1-A16 $ %
--------- ----
Class 1-A17 $ %
--------- ----
Class 1-M $ %
--------- ----
Class 1-B1 $ %
--------- ----
Class 1-B2 $ %
--------- ----
Class 1-B3 $ %
--------- ----
Class 1-B4 $ %
--------- ----
Class 1-B5 $ %
--------- ----
Class 1-R $ %
--------- ----
Class 2-A1 $ %
--------- ----
Class 2-A2 $ %
--------- ----
Class 2-A3 $ %
--------- ----
Class 2-A4 $ %
--------- ----
Class 2-A5 $ %
--------- ----
Class 2-A6 $ %
--------- ----
Class 2-A7 $ %
--------- ----
Class 2-A8 $ %
--------- ----
Class 2-A9 $ %
--------- ----
Class 2-A10 $ %
--------- ----
Class 2-A11 $ %
--------- ----
Class 2-A12 $ %
--------- ----
Class 2-A13 $ %
--------- ----
Class 2-A14 $ %
--------- ----
Class 2-A15 $ %
--------- ----
Class 2-A16 $ %
--------- ----
J-4
<PAGE>
Class 2-M $ %
--------- ----
Class 2-B1 $ %
--------- ----
Class 2-B2 $ %
--------- ----
Class 2-B3 $ %
--------- ----
Class 2-B4 $ %
--------- ----
Class 2-B5 $ %
--------- ----
Class 2-R $ %
--------- ----
Class 2-RL $ %
--------- ----
Class 3-A $ %
--------- ----
Class 3-M $ %
--------- ----
Class 3-B1 $ %
--------- ----
Class 3-B2 $ %
--------- ----
Class 3-B3 $ %
--------- ----
Class 3-B4 $ %
--------- ----
Class 3-B5 $ %
--------- ----
Class 3-R $ %
--------- ----
(4)Amount of distribution allocable to Unanticipated
Recoveries:
Class 1-A1 $ %
--------- ----
Class 1-A2 $ %
--------- ----
Class 1-A3 $ %
--------- ----
Class 1-A5 $ %
--------- ----
Class 1-A6 $ %
--------- ----
Class 1-A7 $ %
--------- ----
Class 1-A8 $ %
--------- ----
Class 1-A9 $ %
--------- ----
Class 1-A10 $ %
--------- ----
Class 1-A11 $ %
--------- ----
Class 1-A12 $ %
--------- ----
Class 1-A13 $ %
--------- ----
Class 1-A14 $ %
--------- ----
Class 1-A15 $ %
--------- ----
Class 1-A16 $ %
--------- ----
Class 1-A17 $ %
--------- ----
Class 1-M $ %
--------- ----
Class 1-B1 $ %
--------- ----
Class 1-B2 $ %
--------- ----
Class 1-B3 $ %
--------- ----
Class 1-B4 $ %
--------- ----
Class 1-B5 $ %
--------- ----
Class 1-R $ %
--------- ----
Class 2-A1 $ %
--------- ----
Class 2-A2 $ %
--------- ----
J-5
<PAGE>
Class 2-A3 $ %
--------- ----
Class 2-A4 $ %
--------- ----
Class 2-A5 $ %
--------- ----
Class 2-A6 $ %
--------- ----
Class 2-A7 $ %
--------- ----
Class 2-A8 $ %
--------- ----
Class 2-A9 $ %
--------- ----
Class 2-A10 $ %
--------- ----
Class 2-A11 $ %
--------- ----
Class 2-A12 $ %
--------- ----
Class 2-A14 $ %
--------- ----
Class 2-A15 $ %
--------- ----
Class 2-A16 $ %
--------- ----
Class 2-M $ %
--------- ----
Class 2-B1 $ %
--------- ----
Class 2-B2 $ %
--------- ----
Class 2-B3 $ %
--------- ----
Class 2-B4 $ %
--------- ----
Class 2-B5 $ %
--------- ----
Class 2-R $ %
--------- ----
Class 2-RL $ %
--------- ----
Class 3-A $ %
--------- ----
Class 3-M $ %
--------- ----
Class 3-B1 $ %
--------- ----
Class 3-B2 $ %
--------- ----
Class 3-B3 $ %
--------- ----
Class 3-B4 $ %
--------- ----
Class 3-B5 $ %
--------- ----
Class 3-R $ %
--------- ----
(5) Servicing Compensation:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
The amounts below are for the aggregate of all Certificates:
(6) Pool Scheduled Principal Balance, number
of Mortgage Loans:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
J-6
<PAGE>
(7) Class Certificate Principal Balance (or Class Notional
Balance) of each Class; Certificate Principal Balance of
Single Certificate of each Class:
Single Certificate
Class Balance Balance
----- ------- -------
Class 1-A1 $ $
------------- -------------
Class 1-A2 $ $
------------- -------------
Class 1-A3 $ $
------------- -------------
Class 1-A4 $ $
------------- -------------
Class 1-A5 $ $
------------- -------------
Class 1-A6 $ $
------------- -------------
Class 1-A7 $ $
------------- -------------
Class 1-A8 $ $
------------- -------------
Class 1-A9 $ $
------------- -------------
Class 1-A10 $ $
------------- -------------
Class 1-A11 $ $
------------- -------------
Class 1-A12 $ $
------------- -------------
Class 1-A13 $ $
------------- -------------
Class 1-A14 $ $
------------- -------------
Class 1-A15 $ $
------------- -------------
Class 1-A16 $ $
------------- -------------
Class 1-A17 $ $
------------- -------------
Class 1-PO $ $
------------- -------------
Class 1-M $ $
------------- -------------
Class 1-B1 $ $
------------- -------------
Class 1-B2 $ $
------------- -------------
Class 1-B3 $ $
------------- -------------
Class 1-B4 $ $
------------- -------------
Class 1-B5 $ $
------------- -------------
Class 1-R $ $
------------- -------------
Class 2-A1 $ $
------------- -------------
Class 2-A2 $ $
------------- -------------
Class 2-A3 $ $
------------- -------------
Class 2-A4 $ $
------------- -------------
Class 2-A5 $ $
------------- -------------
Class 2-A6 $ $
------------- -------------
Class 2-A7 $ $
------------- -------------
Class 2-A8 $ $
------------- -------------
Class 2-A9 $ $
------------- -------------
Class 2-A10 $ $
------------- -------------
Class 2-A11 $ $
------------- -------------
Class 2-A12 $ $
------------- -------------
J-7
<PAGE>
Class 2-A13 $ * *
------------- --------------
Class 2-A14 $ $
------------- -------------
Class 2-A15 $ $
------------- -------------
Class 2-A16 $ $
------------- -------------
Class 2-PO $ $
------------- -------------
Class 2-M $ $
------------- -------------
Class 2-B1 $ $
------------- -------------
Class 2-B2 $ $
------------- -------------
Class 2-B3 $ $
------------- -------------
Class 2-B4 $ $
------------- -------------
Class 2-B5 $ $
------------- -------------
Class 2-R $ $
------------- -------------
Class 2-RL $ $
------------- -------------
Class 3-A $ $
------------- -------------
Class 3-M $ $
------------- -------------
Class 3-B1 $ $
------------- -------------
Class 3-B2 $ $
------------- -------------
Class 3-B3 $ $
------------- -------------
Class 3-B4 $ $
------------- -------------
Class 3-B5 $ $
------------- -------------
Class 3-R $ $
------------- -------------
_________________________
* Class Notional Balance
(8) Book value of real estate
acquired on behalf of Certificateholders;
number of related Mortgage Loans:
Pool 1 $-------------- $--------------
Pool 2 $-------------- $--------------
Pool 3 $-------------- $--------------
(9) Aggregate Scheduled Principal Balance
and number of delinquent Mortgage Loans:
Pool 1
------
30-59 days delinquent $-------------- $--------------
60-89 days delinquent $-------------- $--------------
90 or more days delinquent $-------------- $--------------
In foreclosure $-------------- $--------------
Pool 2
------
30-59 days delinquent $-------------- $--------------
60-89 days delinquent $-------------- $--------------
90 or more days delinquent $-------------- $--------------
In foreclosure $-------------- $--------------
Pool 3
------
30-59 days delinquent $-------------- $--------------
60-89 days delinquent $-------------- $--------------
90 or more days delinquent $-------------- $--------------
J-8
<PAGE>
In foreclosure $-------------- $--------------
(10) Aggregate Scheduled Principal Balance
and number of replaced Mortgage Loans:
Pool 1 $-------------- $--------------
Pool 2 $-------------- $--------------
Pool 3 $-------------- $--------------
(11) Aggregate Scheduled Principal
Balance and number of modified
Mortgage Loans:
Pool 1 $-------------- $--------------
Pool 2 $-------------- $--------------
Pool 3 $-------------- $--------------
(12) Certificate Interest Rate of:
N/A
(13) Senior Percentage for such Distribution
Date:
Pool 1 $-------------- $--------------
Pool 2 $-------------- $--------------
Pool 3 $-------------- $--------------
(14) Senior Prepayment Percentage for such
Distribution Date:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
(15) Pool 1 Group II Senior
Percentage for such %
Distribution Date: --------------%
(16) Pool 1 Group II Senior Distribution
% Percentage for such
Distribution Date: --------------%
J-9
<PAGE>
(17) Class 2-A4 Percentage for such %
Distribution Date: --------------%
(18) Class 2-A4 Distribution Percentage
% for such Distribution Date: --------------%
(19) Junior Percentage for such Distribution
Date:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
(20) Junior Prepayment Percentage for such
Distribution Date:
Pool 1 --------------%
Pool 2 --------------%
Pool 3 --------------%
J-10
<PAGE>
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
-----------------------------
Name:
Title:
J-11
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class __-B_ (the "Class __-B_
Certificates"). The Class __-B_ Certificates were issued pursuant
to a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class __-B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class __-B5 (the "Class __-B5 Certificates") has
been reduced to zero, and any Special Servicing and Collateral
Fund Agreement in respect of such Class between the Company and
the Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class __-B_ Certificates.
K-1
<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
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
K-2
<PAGE>
Election to Delay Foreclosure: Any election by the Purchaser
to delay the Commencement of Foreclosure, made in accordance with
Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Mortgage Loan: Any Pool __ Mortgage Loan.
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section 2.03(d).
Trust Fund: The Pool ___ Trust Fund.
Section 1.02 Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
ARTICLE II.
SPECIAL SERVICING PROCEDURES
Section 2.01 Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are (A)
thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding principal
balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall provide
the Purchaser with a notice (sent by facsimile transmission)
of such proposed and imminent foreclosure, stating the loan
number and the aggregate amount owing under the Mortgage
Loan. Such notice may be provided to the Purchaser in the
form of a copy of a referral letter from the Company to an
attorney requesting the institution of foreclosure or a copy
of a request to foreclose received by the Company from the
related primary servicer which has been approved by the
Company.
K-3
<PAGE>
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02 Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company that
in the event that the Company does not receive written notice of
the Purchaser's election pursuant to subsection (b) below within
24 hours (exclusive of any intervening non-Business Days) of
transmission of the notice provided by the Company under Section
2.01(a)(ii) subject to extension as set forth in Section 2.02(b),
the Company may proceed with the Commencement of Foreclosure in
respect of such Mortgage Loan in accordance with its normal
foreclosure policies without further notice to the Purchaser. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
K-4
<PAGE>
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to Delay
Foreclosure, the Purchaser shall remit by wire transfer to the
Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan at the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
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<PAGE>
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to any
Mortgage Loan as to which the Purchaser made an Election to Delay
Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03 Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
K-6
<PAGE>
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the Company believes there is
a breach of representations or warranties by the Company, which
may result in a repurchase or substitution of such Mortgage Loan,
or (iii) the Company has or expects to have the right under the
Pooling and Servicing Agreement to purchase the defaulted
Mortgage Loan and intends to exercise such right or (iv) the
Company reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous
substances (and the Company supplies the Purchaser with
information supporting such belief) or (v) the same is prohibited
by or is otherwise inconsistent with the provisions of the
Pooling and Servicing Agreement. Any foreclosure that has been
initiated may be discontinued (i) without notice to the Purchaser
if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including
by means of a short payoff approved by the Purchaser) or (ii)
with notice to the Purchaser if the Company has reached the terms
of a forbearance agreement unless instructed otherwise by the
Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to any
Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (a)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (a) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04 Termination.
(a) With respect to all Mortgage Loans included in the Trust
Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i)at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual loss experience
with respect to the Mortgage Loans) of the aggregate principal
K-7
<PAGE>
balance of all Mortgage Loans that are in foreclosure or are more
than 90 days delinquent on a contractual basis and the aggregate
book value of REO properties or (y) the aggregate amount that the
Company estimates through its normal servicing practices will be
required to be withdrawn from the Collateral Fund with respect to
Mortgage Loans as to which the Purchaser has made an Election to
Delay Foreclosure or an Election to Foreclose exceeds (z) the
then-current Class Certificate Principal Balance of the Class
__-B_ Certificates, or (iii) upon any transfer by the Purchaser
of any interest (other than the minority interest therein, but
only if the transferee provides written acknowledgment to the
Company of the Purchaser's right hereunder and that such
transferee will have no rights hereunder) in the Class __-B_
Certificates [or in the Class __-B5 Certificates] (whether or not
such transfer is registered under the Pooling and Servicing
Agreement), including any such transfer in connection with a
termination of the Trust Fund. Unless earlier terminated as set
forth herein, this Agreement and the respective rights,
obligations and responsibilities of the Purchaser and the Company
hereunder shall terminate immediately upon (x) the later to occur
of (i) the final liquidation of the last Mortgage Loan as to
which the Purchaser made any Election to Delay Foreclosure or any
Election to Foreclose and the withdrawal of all remaining amounts
in the Collateral Fund as provided herein and (ii) ten (10)
Business Days' notice or (y) the occurrence of any event that
results in the Purchaser becoming an "affiliate" of the Trustee
within the meaning of the Prohibited Transaction Exemption (as
defined in the Pooling and Servicing Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05 Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
ARTICLE III.
COLLATERAL FUND; SECURITY INTEREST
Section 3.01 Collateral Fund. Upon payment by the Purchaser
of the initial amount required to be deposited in the Collateral
Fund pursuant to Article II, the Company shall request the
Trustee to establish and maintain with the Trustee a segregated
account entitled "REMIC Multi-Class Pass-Through Certificates
199_-__ Pool __ Collateral Fund, for the benefit of GE Capital
Mortgage Services, Inc. and State Street Bank and Trust Company
on behalf of Pool __ Certificateholders, as secured parties"
- ------------------------------- (the "Collateral Fund"). Amounts
held in the Collateral Fund shall continue to be the property of
the Purchaser, subject to the first priority security interest
granted hereunder for the benefit of such secured parties, until
withdrawn from the Collateral Fund pursuant to 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
K-8
<PAGE>
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02 Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently 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 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
K-9
it to be prior to all other security interests and liens,
including the execution and delivery to the Company or at its
direction the Trustee for filing of appropriate financing
statements in accordance with applicable law.
Section 3.04 Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall constitute
a general corporate obligation of the Purchaser. The failure to
pay such amounts within two Business Days of such demand (except
for amounts to cover interest on a Mortgage Loan pursuant to
Sections 2.02(d) and 2.03(b)), shall cause an immediate
termination of the Purchaser's right to make any Election to
Delay Foreclosure or Election to Foreclose and the Company's
obligations under this Agreement with respect to all Mortgage
Loans to which such insufficiencies relate, without the necessity
of any further notice or demand on the part of the Company.
ARTICLE IV.
MISCELLANEOUS PROVISIONS
Section 4.01 Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02 Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03 Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04 Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
K-10
<PAGE>
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05 Severability of Provisions. If any one or more
of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
K-11
<PAGE>
Section 4.06 Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07 Article and Section Headings. The article and
section headings herein are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.
Section 4.08 Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09 Confidentiality. The Purchaser agrees that all
information supplied by or on behalf of the Company pursuant to
Section 2.01 or 2.02, including individual account information,
is the property of the Company and the Purchaser agrees to use
such information solely for the purposes set forth in this
Agreement and to hold such information confidential and not to
disclose such information.
Section 4.10 Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
Section 4.11 Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class __-B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund
Agreement between the Company and the Purchaser relating to such
Class B5 Certificates has been terminated.
K-12
<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
[PURCHASER]
By:_____________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:_______________________________
Name:
Title:
<PAGE>
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in Paragraph 3
hereof by the Company pursuant to the Pooling and Servicing
Agreement dated as of [date] between the Company, Seller and
Servicer, and State Street Bank and Trust Company, Trustee,
relating to the Company's REMIC Multi-Class Pass-Through
Certificates, Series [____] ("Agreement"). Such Mortgage Loan
constitutes a Designated Loan [with respect to Pool __ ].
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences the
obligation of the borrower(s) to repay the Mortgage Loan:
Loan Number: ___________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
L-1
<PAGE>
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the related Trust Fund from and hold
them harmless against any and all losses, liabilities, damages,
claims or expenses (other than those resulting from negligence or
bad faith of the Trustee) arising from the Company's failure to
have delivered the Mortgage Note to the Trustee, including
without limitation any such losses, liabilities, damages, claims
or expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein
shall have the meanings given them in the Agreement.
Date:_______________
___________________________
(signature)
___________________________
(print name)
___________________________
(print title)
L-2
<PAGE>
State of New Jersey )
) ss.:
)
On this ____________________day of __________________,
199__, before me appeared ____________________________, to me
personally known, who acknowledged the execution of the foregoing
and who, having been duly sworn states that he/she is a/the
______________________________of GE Capital Mortgage Services,
Inc., that any representations therein contained are true, that
this Lost Note Affidavit was signed and sealed on behalf of GE
Capital Mortgage Services, Inc. and that this Lost Note Affidavit
is the free act and deed of GE Capital Mortgage Services, Inc.
_________________________________
(Notary Public)
[Notarial Seal]
<PAGE>
EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
M-1
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
N-1
