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) July 30, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of July 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-12)
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 July 30, 1998, GE Capital Mortgage Services, Inc. ("GECMSI")
offered to investors certain classes of its REMIC Multi-Class
Pass-Through Certificates, Series 1998-12 (the "Certificates"),
consisting of four groups of Certificates (the "Pool 1
Certificates" , "Pool 2 Certificates", "Pool 3 Certificates" and
the "Pool 4 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", "Pool 3" and "Pool 4", 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 July 25, 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 $53,290,000.00
Class 1-A2 $39,687,000.00
Class 1-A3 $43,496,000.00
Class 1-A4 $33,220,000.00
Class 1-A5 $13,974,000.00
Class 1-A6 (1)
Class 1-A7 $93,271,000.00
Class 1-A8 $38,202,219.00
Class 1-A9 $9,904,279.00
Class 1-A10 $116,705.00
Class 1-A11 $28,341,750.00
Class 1-A12 $9,447,250.00
Class 1-A13 $20,199,000.00
Class 1-A14 $625,797.00
Class 1-B1 $3,205,500.00
Class 1-B2 $1,803,000.00
Class 1-B3 $1,603,000.00
Class 1-B4 $801,000.00
Class 1-B5 $1,202,871.10
Class 1-M $7,412,000.00
Class 1-R $50.00
Class 1-RL $50.00
Class 1-PO $859,424.52
-----------------
Total : $400,661,895.62
(1) Initial Notional Principle Balance of Class 1-A6 is
$3,177,829.00.
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 $147,025.00,
$4,006,619.00 and $4,475,747.00, respectively, representing
approximately .0367%, 1.0000%, and 1.1171%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 1 Mortgage
Loans as of July 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 $42,800,000.00
Class 2-A2 $23,450,000.00
Class 2-A3 (1)
Class 2-A4 $69,660,000.00
Class 2-A5 $13,416,000.00
Class 2-A6 $4,644,000.00
Class 2-A7 $5,361,000.00
Class 2-A8 $968,000.00
Class 2-A9 $31,800,000.00
Class 2-B1 $1,502,000.00
Class 2-B2 $801,000.00
Class 2-B3 $801,000.00
Class 2-B4 $401,000.00
Class 2-B5 $801,080.75
Class 2-M $3,703,000.00
Class 2-R $100.00
Class 2-RL $100.00
Class 2-PO $114,033.61
-----------------
Total : $200,222,314.36
(1) The Class 2-A3 Certificates are issued with an initial
Notional Principle Balance of $1,645,926.00.
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,
$2,002,223.00 and $3,003,335.00, respectively, representing
approximately .0499%, 1.0000%, and 1.5000%, 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-A1 $37,700,000.00
Class 3-A2 $2,300,000.00
Class 3-A3 $10,000,000.00
Class 3-A4 $121,818,119.00
Class 3-B1 $440,005.00
Class 3-B2 $440,005.00
Class 3-B3 $792,010.00
Class 3-B4 $264,003.00
Class 3-B5 $264,007.25
Class 3-M $1,320,017.00
Class 3-R $100.00
Class 3-PO $664,090.01
-----------------
Total : $176,002,356.26
The initial Pool 3 Junior Percentage and initial Pool 3 Senior
Percentage are approximately 2.00% and 98.00%, 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,
$1,760,024.00 and $1,975,000.00, respectively, representing
approximately .0568%, 1.0000%, and 1.1221%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 3 Mortgage
Loans as of the Cut-off Date.
4
<PAGE>
POOL 4
The original principal balance of each Class of the Pool 4
Certificates is as follows:
Class 4-A1 $71,750,000.00
Class 4-A2 $11,149,185.00
Class 4-A3 $3,716,395.00
Class 4-A4 $20,140,000.00
Class 4-A5 $45,100,000.00
Class 4-A6 $19,500,000.00
Class 4-A7 $3,125,000.00
Class 4-A8 $3,125,000.00
Class 4-A9 $3,300,000.00
Class 4-A10 $3,100,000.00
Class 4-A11 $3,100,000.00
Class 4-A12 $3,750,000.00
Class 4-A13 $2,124,900.00
Class 4-B1 $1,610,914.00
Class 4-B2 $906,139.00
Class 4-B3 $805,457.00
Class 4-B4 $402,728.00
Class 4-B5 $604,096.57
Class 4-M $3,725,240.00
Class 4-R $100.00
Class 4-PO $329,191.69
-----------------
Total : $201,364,346.26
The initial Pool 4 Junior Percentage and initial Pool 4 Senior
Percentage are approximately 4.00% and 96.00%, respectively. The
"Pool 4 Bankruptcy Loss Amount", the "Pool 4 Fraud Loss Amount"
and the "Pool 4 Special Hazard Loss Amount" as of the initial
issuance of the Pool 4 Certificates are $100,000.00,
$2,013,643.00 and $2,520,000.00, respectively, representing
approximately .0497%, 1.0000%, and 1.2515%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 4 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
$400,661,895.62.
The interest rates (the "Mortgage Rates") borne by the 1,266 Pool
1 Mortgage Loans conveyed by GECMSI to the related trust fund
range from 6.50% to 8.875% and the weighted average Mortgage Rate
of the Pool 1 Mortgage Loans as of the Cut-off Date is 7.3779%
per annum (all weighted averages of the Pool 1 Mortgage Loans 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 $20,000.00 to $1,400,000.00, and, as
of the Cut-off Date, the average outstanding Scheduled Principal
Balance of the Pool 1 Mortgage Loans is $316,478.59, 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
September 1995, and the latest scheduled maturity date of any
such Mortgage Loan is July 2028. The weighted average
loan-to-value ratio at origination of the Pool 1 Mortgage Loans
as of the Cut-off Date is 75.6226%.
6
<PAGE>
The Pool 1 Mortgage Loans have the following characteristics as
of the Cut-off Date:
a) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgage Rates borne by
the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.5000% 1 $427,224.05 0.1066%
6.6250% 8 $2,450,436.89 0.6116%
6.7500% 29 $9,348,595.50 2.3333%
6.8750% 59 $19,066,856.65 4.7588%
7.0000% 102 $32,626,494.98 8.1431%
7.1250% 100 $31,021,968.60 7.7427%
7.2500% 172 $56,419,500.40 14.0816%
7.3750% 219 $68,981,918.68 17.2170%
7.5000% 258 $82,974,467.50 20.7093%
7.6250% 148 $48,301,225.80 12.0554%
7.7500% 89 $27,380,787.73 6.8339%
7.8750% 42 $11,486,431.26 2.8669%
8.0000% 24 $6,302,119.06 1.5729%
8.1250% 7 $1,987,236.34 0.4960%
8.2500% 3 $912,562.75 0.2278%
8.3750% 1 $456,000.00 0.1138%
8.5000% 1 $222,866.53 0.0556%
8.6250% 1 $155,000.00 0.0387%
8.7500% 1 $56,250.00 0.0140%
8.8750% 1 $83,952.90 0.0210%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
7
<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 98 $14,610,109.96 3.6465%
$227,151 - 250,000 166 $39,984,444.81 9.9796%
$250,001 - 300,000 430 $117,749,678.55 29.3887%
$300,001 - 350,000 220 $71,481,751.95 17.8409%
$350,001 - 400,000 160 $60,247,355.51 15.0370%
$400,001 - 450,000 74 $31,649,412.62 7.8993%
$450,001 - 600,000 97 $49,472,511.42 12.3477%
$600,001 - 650,000 14 $8,933,461.98 2.2297%
$650,001 - 1,000,000+ 7 $6,533,168.82 1.6306%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 1
Mortgage Loan, as of the Cut-off Date, is $1,398,986.72.
The smallest outstanding Scheduled Principal Balance of any Pool
1 Mortgage Loan, as of the Cut-off Date, is $19,986.58.
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 $513,323.89 0.1281%
1997 65 $18,927,291.47 4.7240%
1998 1,199 $381,221,280.26 95.1479%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
8
<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 46 $15,701,382.09 3.9189%
50.001 - 60.00 71 $23,457,812.95 5.8548%
60.001 - 70.00 148 $50,708,661.21 12.6562%
70.001 - 75.00 190 $65,578,366.93 16.3675%
75.001 - 80.00 587 $180,741,951.96 45.1109%
80.001 - 85.00 37 $11,575,181.03 2.8890%
85.001 - 90.00 120 $35,554,474.56 8.8739%
90.001 - 95.00 66 $17,170,386.77 4.2855%
95.001 - 100.00 1 $173,678.12 0.0433%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
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 1,136 $362,664,959.31 90.5164%
Single-family
attached 34 $10,555,906.38 2.6346%
Condominium 65 $18,282,029.86 4.5630%
2 - 4 Family Units 22 $7,508,030.42 1.8739%
Co-op 9 $1,650,969.65 0.4121%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
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 1,239 $394,258,513.78 98.4018%
Vacation 11 $3,015,791.20 0.7527%
Investment 16 $3,387,590.64 0.8455%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
9
<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 2 $504,961.14 0.1260%
Arizona 11 $3,679,993.74 0.9185%
California 610 $199,544,684.49 49.8039%
Colorado 24 $6,532,882.86 1.6305%
Connecticut 29 $10,443,519.46 2.6066%
Delaware 1 $259,017.05 0.0646%
District Of Columbia 3 $1,246,968.23 0.3112%
Florida 23 $8,045,392.95 2.0080%
Georgia 13 $4,187,624.82 1.0452%
Hawaii 6 $1,813,107.10 0.4525%
Idaho 1 $291,952.57 0.0729%
Illinois 39 $12,122,822.61 3.0257%
Indiana 3 $722,659.01 0.1804%
Kansas 1 $133,857.81 0.0334%
Kentucky 1 $244,031.13 0.0609%
Louisiana 3 $1,425,391.38 0.3558%
Maine 2 $570,952.56 0.1425%
Maryland 44 $12,687,352.06 3.1666%
Massachusetts 84 $26,425,245.58 6.5955%
Michigan 34 $10,336,704.79 2.5799%
Minnesota 9 $2,789,687.38 0.6963%
Missouri 5 $1,673,848.48 0.4178%
Nevada 7 $1,771,807.47 0.4422%
New Hampshire 7 $2,102,249.76 0.5247%
New Jersey 84 $24,543,874.50 6.1258%
New Mexico 6 $1,892,420.39 0.4723%
New York 55 $17,371,490.45 4.3357%
North Carolina 14 $3,635,135.62 0.9073%
Ohio 9 $2,758,832.44 0.6886%
Oklahoma 2 $511,011.30 0.1275%
Oregon 5 $1,300,497.50 0.3246%
Pennsylvania 24 $7,615,506.78 1.9007%
Rhode Island 2 $765,419.53 0.1910%
South Carolina 2 $491,946.01 0.1228%
Tennessee 4 $1,168,872.41 0.2917%
Texas 26 $7,310,677.19 1.8246%
Utah 1 $343,000.00 0.0856%
Vermont 1 $249,804.98 0.0623%
Virginia 52 $15,955,185.77 3.9822%
Washington 13 $4,047,083.50 1.0101%
Wisconsin 4 $1,144,422.82 0.2856%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
10
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 1 $249,472.09 0.0623%
2018 14 $3,247,329.97 0.8105%
2023 4 $1,139,856.32 0.2845%
2025 2 $513,323.89 0.1281%
2027 38 $11,133,868.83 2.7789%
2028 1,207 $384,378,044.52 95.9357%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 1 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 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 696 $214,985,190.88 53.6575%
Rate Term/Refinance 435 $139,347,109.41 34.7792%
Cash-out Refinance 135 $46,329,595.33 11.5633%
----- --------------- ---------
Total 1,266 $400,661,895.62 100.0000%
11
<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
$200,222,314.36.
The interest rates (the "Mortgage Rates") borne by the 623 Pool 2
Mortgage Loans conveyed by GECMSI to the related trust fund range
from 6.3750% to 8.7500% and the weighted average Mortgage Rate of
the Pool 2 Mortgage Loans as of the Cut-off Date is 7.4576% per
annum (all weighted averages of the Pool 2 Mortgage Loans 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 $60,0000.00 to $1,100,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 2 Mortgage Loans is $321,384.13, 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 June 1997, 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 74.7503%.
12
<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
-------- ----- ------------ ---------
6.3750% 1 $463,570.24 0.2315%
6.6250% 1 $294,140.25 0.1469%
6.7500% 2 $541,673.21 0.2705%
6.8750% 9 $3,539,739.27 1.7679%
7.0000% 21 $6,405,433.16 3.1992%
7.1250% 28 $9,257,414.79 4.6236%
7.1500% 1 $303,609.51 0.1516%
7.2500% 95 $29,528,421.74 14.7478%
7.3500% 1 $311,788.43 0.1557%
7.3750% 139 $47,412,675.13 23.6799%
7.4000% 1 $240,883.54 0.1203%
7.4500% 3 $1,317,082.73 0.6578%
7.5000% 113 $35,664,560.20 17.8125%
7.5500% 3 $925,180.79 0.4621%
7.6250% 95 $29,759,206.53 14.8631%
7.6500% 1 $518,103.57 0.2588%
7.7500% 55 $17,810,237.11 8.8952%
7.8500% 1 $448,423.20 0.2240%
7.8750% 40 $12,683,032.36 6.3345%
8.0000% 4 $776,457.09 0.3878%
8.1250% 4 $1,112,542.82 0.5557%
8.2500% 2 $198,543.88 0.0992%
8.3750% 1 $344,890.44 0.1723%
8.5000% 1 $227,083.60 0.1134%
8.7500% 1 $137,620.77 0.0687%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
13
<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 54 $9,142,457.53 4.5662%
$227,151 - 250,000 69 $16,526,343.66 8.2540%
$250,001 - 300,000 211 $57,797,139.84 28.8665%
$300,001 - 350,000 110 $35,617,574.11 17.7890%
$350,001 - 400,000 73 $27,311,075.14 13.6404%
$400,001 - 450,000 46 $19,541,056.11 9.7597%
$450,001 - 600,000 40 $19,977,000.13 9.9774%
$600,001 - 650,000 12 $7,638,170.30 3.8148%
$650,001 - 1,000,000+ 8 $6,671,497.54 3.3320%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 2
Mortgage Loan, as of the Cut-off Date, is $1,098,320.83.
The smallest outstanding Scheduled Principal Balance of any Pool
2 Mortgage Loan, as of the Cut-off Date, is $59,908.40.
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
----------- ----- ------------ ---------
1997 13 $3,425,663.10 1.7109%
1998 610 $196,796,651.26 98.2891%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
14
<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 27 $9,198,345.14 4.5941%
50.001 - 60.00 36 $13,188,425.84 6.5869%
60.001 - 70.00 79 $28,952,447.84 14.4601%
70.001 - 75.00 91 $31,114,284.79 15.5399%
75.001 - 80.00 290 $90,182,568.87 45.0412%
80.001 - 85.00 10 $3,052,859.54 1.5247%
85.001 - 90.00 53 $15,833,715.27 7.9081%
90.001 - 95.00 37 $8,699,667.07 4.3450%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
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 568 $183,742,604.16 91.7693%
Single-family
attached 8 $2,461,454.93 1.2294%
Condominium 41 $12,295,719.83 6.1410%
2 - 4 Family Units 6 $1,722,535.44 0.8603%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
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 608 $196,729,930.73 98.2557%
Vacation 7 $2,102,683.04 1.0502%
Investment 8 $1,389,700.59 0.6941%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
15
<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
- ----- ----- ------------ ---------
California 623 $200,222,314.36 100.0000%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
16
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
2 Mortgage Loans.
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 1 $232,579.22 0.1162%
2022 1 $250,934.70 0.1253%
2023 1 $275,691.64 0.1377%
2027 7 $1,616,458.16 0.8073%
2028 613 $197,846,650.64 98.8135%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 2 Mortgage Loans calculated as of the Cut-off Date is 358
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 2
Mortgage Loans. 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 271 $85,125,590.57 42.5155%
Rate Term/Refinance 273 $89,140,319.23 44.5207%
Cash-out Refinance 79 $25,956,404.56 12.9638%
----- --------------- ---------
Total 623 $200,222,314.36 100.0000%
17
<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
$176,002,356.26.
The interest rates (the "Mortgage Rates") borne by the 537 Pool 3
Mortgage Loans conveyed by GECMSI to the related trust fund range
from 6.0000% to 8.5000% and the weighted average Mortgage Rate of
the Pool 3 Mortgage Loans as of the Cut-off Date is 7.0423% per
annum (all weighted averages of the Pool 3 Mortgage Loans 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 $25,450.00 to $987,500.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 3 Mortgage Loans is $327,751.13, 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 February 1996,
and the latest scheduled maturity date of any such Mortgage Loan
is July 2013. The weighted average loan-to-value ratio at
origination of the Pool 3 Mortgage Loans as of the Cut-off Date
is 67.8099%.
18
<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 $475,858.08 0.2704%
6.1250% 1 $457,936.73 0.2602%
6.2500% 6 $1,667,176.93 0.9472%
6.3750% 3 $1,386,503.49 0.7878%
6.5000% 18 $5,637,428.35 3.2030%
6.6250% 23 $7,804,479.77 4.4343%
6.7500% 49 $16,307,517.35 9.2655%
6.8250% 1 $359,194.70 0.2041%
6.8750% 79 $26,903,884.95 15.2861%
7.0000% 82 $26,775,347.48 15.2131%
7.1250% 100 $32,255,246.51 18.3265%
7.2500% 86 $28,181,365.42 16.0119%
7.3750% 43 $15,525,487.74 8.8212%
7.5000% 33 $9,672,029.60 5.4954%
7.6250% 5 $1,361,271.33 0.7734%
7.7500% 2 $603,294.26 0.3428%
7.8750% 2 $132,798.38 0.0755%
8.0000% 2 $438,735.19 0.2493%
8.5000% 1 $56,800.00 0.0323%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
19
<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 31 $3,607,308.58 2.0496%
$227,151 - 250,000 53 $12,801,831.35 7.2737%
$250,001 - 300,000 185 $50,714,813.47 28.8148%
$300,001 - 350,000 105 $34,145,799.44 19.4008%
$350,001 - 400,000 64 $24,249,664.97 13.7780%
$400,001 - 450,000 32 $13,719,979.17 7.7953%
$450,001 - 600,000 51 $25,992,608.55 14.7683%
$600,001 - 650,000 13 $8,322,395.64 4.7286%
$650,001 - 1,000,000+ 3 $2,447,955.09 1.3909%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 3
Mortgage Loan, as of the Cut-off Date, is $987,500.00.
The smallest outstanding Scheduled Principal Balance of any Pool
3 Mortgage Loan, as of the Cut-off Date, is $25,450.00.
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
----------- ----- ------------ ---------
1996 4 $1,428,038.08 0.8114%
1997 27 $7,620,636.24 4.3298%
1998 506 $166,953,681.94 94.8588%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
20
<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 63 $19,414,470.65 11.0308%
50.001 - 60.00 69 $25,895,548.04 14.7132%
60.001 - 70.00 111 $38,842,162.94 22.0691%
70.001 - 75.00 112 $36,442,281.72 20.7056%
75.001 - 80.00 153 $46,859,497.80 26.6243%
80.001 - 85.00 6 $1,799,232.89 1.0223%
85.001 - 90.00 16 $5,084,367.03 2.8888%
90.001 - 95.00 7 $1,664,795.19 0.9459%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
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 488 $161,577,112.00 91.8039%
Single-family
attached 14 $4,383,288.47 2.4905%
Condominium 31 $9,032,726.99 5.1322%
2 - 4 Family Units 4 $1,009,228.80 0.5734%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
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 512 $169,710,237.55 96.4250%
Vacation 18 $5,550,944.88 3.1539%
Investment 7 $741,173.83 0.4211%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
21
<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 $700,141.61 0.3978%
Arizona 10 $2,936,901.82 1.6687%
Arkansas 1 $598,086.37 0.3398%
California 207 $66,325,241.29 37.6844%
Colorado 12 $3,414,860.15 1.9402%
Connecticut 10 $4,586,258.56 2.6058%
Delaware 1 $254,362.36 0.1445%
District Of Columbia 2 $657,574.59 0.3736%
Florida 27 $9,165,342.25 5.2075%
Georgia 24 $8,535,007.25 4.8494%
Illinois 13 $4,901,386.91 2.7848%
Indiana 2 $561,033.25 0.3188%
Iowa 4 $654,829.07 0.3721%
Louisiana 4 $1,133,205.91 0.6439%
Maine 1 $263,350.00 0.1496%
Maryland 22 $7,462,468.20 4.2400%
Massachusetts 25 $9,611,344.34 5.4609%
Michigan 17 $4,713,347.73 2.6780%
Minnesota 3 $991,238.97 0.5632%
Missouri 8 $2,376,834.89 1.3505%
Nevada 3 $1,014,853.10 0.5766%
New Hampshire 1 $359,194.70 0.2041%
New Jersey 19 $6,308,794.36 3.5845%
New York 17 $6,273,651.28 3.5645%
North Carolina 18 $5,817,069.69 3.3051%
North Dakota 1 $379,000.00 0.2153%
Ohio 5 $1,725,548.83 0.9804%
Oklahoma 2 $599,447.60 0.3406%
Oregon 2 $746,056.77 0.4239%
Pennsylvania 13 $4,799,586.12 2.7270%
Rhode Island 1 $357,326.60 0.2030%
South Carolina 7 $1,984,937.71 1.1278%
Tennessee 7 $2,288,641.65 1.3003%
Texas 16 $5,161,352.93 2.9325%
Utah 2 $599,990.59 0.3409%
Vermont 1 $268,000.00 0.1523%
Virginia 18 $5,125,713.13 2.9123%
Washington 6 $1,460,172.30 0.8296%
Wisconsin 3 $890,203.38 0.5058%
Total 537 $176,002,356.26 100.0000%
22
<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
-------- ----- ------------ ---------
2008 12 $3,487,495.45 1.9815%
2011 4 $1,191,360.46 0.6769%
2012 25 $7,062,590.79 4.0128%
2013 496 $164,260,909.56 93.3288%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 3 Mortgage Loans calculated as of the Cut-off Date is 177
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 143 $47,565,796.88 27.0257%
Rate Term/Refinance 306 $100,169,731.98 56.9138%
Cash-out Refinance 88 $28,266,827.40 16.0605%
----- --------------- ---------
Total 537 $176,002,356.26 100.0000%
23
<PAGE>
Pool 4
Pool 4 consists primarily of fixed-rate, first-lien,
fully-amortizing, conventional Mortgage Loans ( the "Pool 4
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
$201,364,346.26.
The interest rates (the "Mortgage Rates") borne by the 643 Pool 4
Mortgage Loans conveyed by GECMSI to the related trust fund range
from 6.5000% to 8.7500% and the weighted average Mortgage Rate of
the Pool 4 Mortgage Loans as of the Cut-off Date is 7.3721% per
annum (all weighted averages of the Pool 4 Mortgage Loans in this
filing are weighted by aggregate outstanding Scheduled Principal
Balance of all Pool 4 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 4 Mortgage Loans
ranged from $54,000.00 to $1,260,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 4 Mortgage Loans is $313,163.84, 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 4 Mortgage Loan is September 1997,
and the latest scheduled maturity date of any such Mortgage Loan
is July 2028. The weighted average loan-to-value ratio at
origination of the Pool 4 Mortgage Loans as of the Cut-off Date
is 75.5049%.
24
<PAGE>
The Pool 4 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 4 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.5000% 4 $1,077,739.17 0.5352%
6.7500% 9 $2,791,532.85 1.3863%
6.8750% 33 $10,096,183.01 5.0139%
7.0000% 37 $11,947,279.66 5.9332%
7.1250% 54 $16,307,298.10 8.0984%
7.2500% 128 $40,112,231.26 19.9202%
7.3750% 109 $33,726,141.91 16.7488%
7.5000% 128 $41,293,626.08 20.5068%
7.6250% 71 $23,740,365.77 11.7898%
7.7500% 35 $11,695,833.70 5.8083%
7.8750% 19 $5,047,735.39 2.5068%
8.0000% 5 $1,306,207.82 0.6487%
8.1250% 4 $1,437,680.98 0.7140%
8.2500% 3 $283,965.56 0.1410%
8.3750% 1 $135,900.00 0.0675%
8.5000% 2 $262,625.00 0.1304%
8.7500% 1 $102,000.00 0.0507%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
25
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 4 Mortgage Loans :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$0 - 227,150 42 $6,538,524.94 3.2471%
$227,151 - 250,000 79 $19,081,784.19 9.4763%
$250,001 - 300,000 247 $67,619,191.30 33.5805%
$300,001 - 350,000 127 $41,243,222.94 20.4819%
$350,001 - 400,000 66 $24,784,783.28 12.3084%
$400,001 - 450,000 28 $11,879,579.44 5.8995%
$450,001 - 600,000 42 $21,440,120.82 10.6474%
$600,001 - 650,000 8 $5,158,091.29 2.5616%
$650,001 - 1,000,000+ 4 $3,619,048.06 1.7973%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 4
Mortgage Loan, as of the Cut-off Date, is $1,260,000.00.
The smallest outstanding Scheduled Principal Balance of any Pool
4 Mortgage Loan, as of the Cut-off Date, is $53,965.56.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 4 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1997 2 $482,251.24 0.2395%
1998 641 $200,882,095.02 99.7605%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
26
<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 4 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 16 $5,162,474.54 2.5637%
50.001 - 60.00 41 $16,056,720.36 7.9740%
60.001 - 70.00 69 $23,892,295.78 11.8652%
70.001 - 75.00 93 $30,402,083.49 15.0981%
75.001 - 80.00 324 $98,119,945.65 48.7276%
80.001 - 85.00 15 $4,422,178.45 2.1961%
85.001 - 90.00 45 $12,760,878.35 6.3372%
90.001 - 95.00 40 $10,547,769.64 5.2381%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the type of Mortgaged
Properties securing the Pool 4 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 597 $188,163,412.99 93.4442%
Single-family
attached 23 $7,497,665.12 3.7234%
Condominium 17 $4,721,892.36 2.3450%
2 - 4 Family Units 6 $981,375.79 0.4874%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
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 4 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 624 $197,090,230.98 97.8774%
Vacation 10 $2,889,190.99 1.4348%
Investment 9 $1,384,924.29 0.6878%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
27
<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 4 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 1 $265,008.06 0.1316%
Arizona 8 $2,323,124.86 1.1537%
California 306 $100,656,467.29 49.9874%
Colorado 10 $2,866,150.50 1.4234%
Connecticut 8 $3,126,239.39 1.5525%
Delaware 2 $354,680.30 0.1761%
District Of Columbia 3 $1,256,356.21 0.6239%
Florida 6 $1,854,513.58 0.9210%
Georgia 11 $3,095,795.93 1.5374%
Hawaii 1 $413,542.86 0.2054%
Idaho 1 $422,000.00 0.2096%
Illinois 26 $8,185,714.45 4.0651%
Indiana 4 $1,356,431.09 0.6736%
Maine 1 $375,706.69 0.1866%
Maryland 28 $8,360,713.47 4.1520%
Massachusetts 43 $12,578,673.07 6.2467%
Michigan 19 $5,859,848.04 2.9101%
Minnesota 8 $2,501,074.26 1.2421%
Missouri 1 $246,632.24 0.1225%
Nevada 1 $334,738.66 0.1662%
New Hampshire 4 $1,153,300.00 0.5727%
New Jersey 21 $6,699,278.35 3.3269%
New York 12 $3,370,481.62 1.6738%
North Carolina 2 $530,230.38 0.2633%
Ohio 21 $5,430,845.71 2.6970%
Oregon 5 $1,520,247.36 0.7550%
Pennsylvania 15 $4,346,923.49 2.1587%
Rhode Island 2 $664,647.15 0.3301%
South Carolina 1 $242,000.00 0.1202%
Tennessee 5 $1,214,525.67 0.6031%
Texas 12 $3,539,644.98 1.7578%
Utah 2 $496,000.00 0.2463%
Vermont 1 $454,670.69 0.2258%
Virginia 41 $12,023,695.63 5.9711%
Washington 8 $2,262,044.28 1.1234%
Wisconsin 3 $982,400.00 0.4879%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
28
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
4 Mortgage Loans.
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 1 $255,100.51 0.1267%
2023 4 $1,316,479.42 0.6538%
2027 3 $822,748.60 0.4086%
2028 635 $198,970,017.73 98.8109%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 4 Mortgage Loans calculated as of the Cut-off Date is 359
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 4
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 322 $95,801,522.48 47.5762%
Rate Term/Refinance 248 $82,135,505.29 40.7895%
Cash-out Refinance 73 $23,427,318.49 11.6343%
----- --------------- ---------
Total 643 $201,364,346.26 100.0000%
29
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS
AND EXHIBITS.
1.1 The Underwriting Agreement, dated as of September 19,
1997, and the related Terms Agreement, dated as of July
24, 1998, for certain of the Series 98-12 Certificates
between GE Capital Mortgage Services, Inc. and Greenwich
Capital Markets, Inc.
1.2 The Underwriting Agreement, dated as of May 22, 1996,
and the related Terms Agreement, dated as of July 24,
1998, for certain of the Series 98-12 Certificates
between GE Capital Mortgage Services, Inc. and Lehman
Brothers Inc.
1.3 The Underwriting Agreement, dated as of June 22, 1995,
and the related Terms Agreement, dated as of July 24,
1998, for certain of the Series 98-12 Certificates
between GE Capital Mortgage Services, Inc. and Credit
Suisse First Boston Corporation.
4.1 The Pooling and Servicing Agreement for the Series 98-12
Certificates, dated as of July 1, 1998, between GE
Capital Mortgage Services, Inc., as seller and servicer,
and State Street Bank and Trust Company, as trustee.
30
<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/ Jeffrey R. Taylor
-----------------------------
Name: Jeffrey R. Taylor
Title: Vice President
Dated as of July 30, 1998
31
<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: Jeffrey R. Taylor
Title: Vice President
Dated as of July 30, 1998
32
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -----------------------------------------------------------------
1.1 The Underwriting Agreement, dated as
of September 19, 1997, and the related
Terms Agreement, dated as of July 24,
1998, for certain of the Series 98-12
Certificates between GE Capital
Mortgage Services, Inc. and Greenwich
Capital Markets, Inc.
1.2 The Underwriting Agreement, dated as
of May 22, 1996, and the related Terms
Agreement, dated as of July 24, 1998, for
certain of the Series 98-12 Certificates
between GE Capital Mortgage Services,
Inc. and Lehman Brothers Inc.
1.3 The Underwriting Agreement, dated as
of June 22, 1995, and the related Terms
Agreement, dated as of July 24, 1998, for
certain of the Series 98-12 Certificates
between GE Capital Mortgage Services,
Inc. and Credit Suisse First Boston
Corporation.
4.1 The Pooling and Servicing Agreement
for the Series 98-12 Certificates, dated as
of July 1, 1998, between GE Capital
Mortgage Services, Inc., as seller and
servicer, and State Street Bank and Trust
Company, as trustee.
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33
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
----------------------
Greenwich Capital Markets, Inc. New York, New York
600 Steamboat Road September 19, 1997
Greenwich, Connecticut 06830
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of one or more pools of conventional,
fixed rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is
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<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
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<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
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<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
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<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term
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<PAGE>
Sheet that reflects, in the reasonable judgment of the
Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
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<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
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<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood LLP, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
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<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
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<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
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<PAGE>
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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<PAGE>
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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<PAGE>
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood LLP, counsel for the Underwriter, such opinion
or opinions, dated the related Closing Date, with respect
to the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
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<PAGE>
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
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<PAGE>
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body, administrative agency or
governmental body having jurisdiction over the
Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the
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<PAGE>
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified
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<PAGE>
the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
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<PAGE>
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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<PAGE>
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
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<PAGE>
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter on
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<PAGE>
the other in connection with the statements or omissions
which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates that constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
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<PAGE>
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter; and
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
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<PAGE>
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
Series 1997-[ ] and any subsequent Series of Certificates to
which it acts as Underwriter have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
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<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that the
materials being delivered constitute Collateral Term Sheets, and,
if there has been any prior such delivery with respect to the
related Series, shall indicate whether such materials differ in
any material respect from any Collateral Term Sheets previously
delivered to the Company with respect to such Series pursuant to
this Section 9(a)
- 26 -
<PAGE>
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; and
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
will have been prepared and disseminated by the Underwriter and
not by or on behalf of the Company, and that such materials shall
include a disclaimer in form satisfactory to the Company to the
effect set forth in Section 8(d) hereof, and to the effect that
the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
- 27 -
<PAGE>
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
- 28 -
<PAGE>
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
- 29 -
<PAGE>
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
- 30 -
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
GREENWICH CAPITAL MARKETS, INC.
By:_______________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
---------------
(to Underwriting Agreement,
dated September [ ], 1997
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Greenwich Capital Markets, Inc. (the "Underwriter")
agrees, subject to the terms and provisions herein and of the
captioned Underwriting Agreement (the "Underwriting Agreement"),
to purchase such Classes of Series ____-__ Certificates specified
in Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- --------- -------- ----------------
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
GREENWICH CAPITAL MARKETS, INC.
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
A-3
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-12
TERMS AGREEMENT
(to Underwriting Agreement
dated September 19, 1997,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus July 24, 1998
Cherry Hill, NJ 08002
Greenwich Capital Markets, Inc. (the "Underwriter")
agrees, subject to the terms and provisions herein and of the
captioned Underwriting Agreement (the "Underwriting Agreement"),
to purchase the Classes of Series 1998-12 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 1998-12 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 1998-12
Certificates shall evidence the entire beneficial ownership
interest in four mortgage pools ("Pool 1," "Pool 2," "Pool 3,"
and "Pool 4," 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 July 1, 1998 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of Pool 1:
$400,661,895.62 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
$380,000,000 or greater than $420,000,000.
(b) Aggregate Principal Amount of Pool 2:
$200,222,314.36 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
$190,000,000 or greater than $210,000,000.
<PAGE>
(c) Aggregate Principal Amount of Pool 3:
$176,002,356.26 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 3 will be not less than
$166,250,000 or greater than $183,750,000.
(d) Aggregate Principal Amount of Pool 4:
$201,364,346.26 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 4 will be not less than
$190,000,000 or greater than $210,000,000.
(e) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in Pool 1, Pool 2 and Pool 4 shall be between 20
and 30 years. The original term to maturity of
substantially all of the Mortgage Loans included in Pool 3
shall be between 10 and 15 years.
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Principal Interest Class Purchase
Class Balance Rate Price Percentage
1-A1 $53,290,000.00 6.50% 99.171875%
1-A2 39,687,000.00 6.60 99.171875
1-A3 43,496,000.00 6.70 99.171875
1-A4 33,220,000.00 6.75 99.171875
1-A5 13,974,000.00 6.75 99.171875
1-A6 (1) 6.75
1-A7 93,271,000.00 6.75 99.171875
1-A8 38,202,219.00 (2) 99.171875
1-A9 9,904,279.00 (2) 99.171875
1-A10 116,705.00 6.75 99.171875
1-A11 28,341,750.00 (2) 99.171875
1-A12 9,447,250.00 (2) 99.171875
1-A13 20,199,000.00 6.75 99.171875
1-A14 625,797.00 6.75 99.171875
1-M 7,412,000.00 6.75 99.906250
1-B1 3,205,500.00 6.75 99.187500
1-B2 1,803,000.00 6.75 97.093750
1-R 50.00 6.75 99.171875
1-RL 50.00 6.75 99.171875
- ----------
(1) The Class 1-A6 Certificates will be issued with an initial
Notional Principal Balance of $3,177,829.00.
2
<PAGE>
(2) Interest will accrue on the Class 1-A8, Class 1-A9, Class
1-A11 and Class 1-A12 Certificates at the respective rates
described in the Prospectus.
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, July 30,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class 1-A1, Class
1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A7, Class 1-A8,
Class 1-A9, Class 1-A10, Class 1-A11, Class 1-A12, Class 1-A13
and Class 1-A14 Certificates shall have received Required Ratings
of "AAA" from each of Fitch IBCA Inc. ("Fitch") and Standard &
Poor's Rating Services, a division of The McGraw-Hill Companies,
Inc. ("S&P"). The Class 1-A6 Certificate shall have received a
Required Rating of "AAA" from Fitch and "AAAr" from S&P. The
Class 1-M Certificates shall have received a Required Rating of
"AA" from Fitch. The Class 1-B1 Certificates shall have received
a Required Rating of "A" from Fitch. The Class 1-B2 Certificates
shall have received a Required Rating of "BBB" from Fitch.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of each of the Upper-Tier REMIC in
respect of Pool 1 and the Lower-Tier REMIC in respect of Pool 1
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 its 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,
GREENWICH CAPITAL MARKETS, INC.
By:____________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_____________________________
Name:
Title:
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Lehman Brothers Inc. New York, New York
American Express Tower May 22, 1996
Three World Financial Center
New York, New York 10285
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
- 2 -
<PAGE>
Supplement"), is hereinafter called the "Prospectus". Any
reference herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
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Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus Supplement
the Underwriter has delivered to any prospective investor a
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Collateral Term Sheet that reflects, in the reasonable judgment
of the Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such statement
or omission or an amendment which will effect such compliance;
provided, however, that the Company will not be required to
file any such amendment or supplement with respect to any
Computational Materials, Structural Term Sheets or
Collateral Term Sheets incorporated by reference in the
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Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
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<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
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<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
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<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
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<PAGE>
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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<PAGE>
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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<PAGE>
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
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<PAGE>
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
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<PAGE>
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body, administrative agency or
governmental body having jurisdiction over the
Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or statistical
nature (which is limited to accounting, financial or statistical
information derived from the general accounting records of the
Company and which is obtained from an analysis of a sample of
the Mortgage Loans included in the related pool) set forth in
the related Prospectus Supplement under the caption
"Description of the Mortgage Pool and the Mortgaged Proper-
ties" or "Description of the Mortgage Pools and the
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<PAGE>
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified
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the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
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counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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<PAGE>
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
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<PAGE>
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the relative
fault of the Company on the one hand and the Underwriter on
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<PAGE>
the other in connection with the statements or omissions
which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates that constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
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<PAGE>
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter; and
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
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<PAGE>
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
any Series of Certificates furnished to prospective investors
from and after May 21, 1996 have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
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<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that the
materials being delivered constitute Collateral Term Sheets, and,
if there has been any prior such delivery with respect to the
related Series, shall indicate whether such materials differ in
any material respect from any Collateral Term Sheets previously
delivered to the Company with respect to such Series pursuant to
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<PAGE>
this Section 9(a) as a result of the occurrence of a material change
in the characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; and
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
will have been prepared and disseminated by the Underwriter and
not by or on behalf of the Company, and that such materials shall
include a disclaimer in form satisfactory to the Company to the
effect set forth in Section 8(d) hereof, and to the effect that
the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
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<PAGE>
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
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<PAGE>
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
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<PAGE>
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
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<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
LEHMAN BROTHERS INC.
By:______________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated May 22, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Lehman Brothers Inc. (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
LEHMAN BROTHERS INC.
By:_____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_____________________________
Name:
Title:
A-3
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-12
TERMS AGREEMENT
(to Underwriting Agreement
dated May 22, 1996,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus July 24, 1998
Cherry Hill, NJ 08002
Lehman Brothers Inc. (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase the Classes of Series 1998-12 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 1998-12 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 1998-12
Certificates shall evidence the entire beneficial ownership
interest in four mortgage pools ("Pool 1," "Pool 2," "Pool 3" and
"Pool 4," 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 July 1, 1998 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of Pool 1:
$400,661,895.62 aggregate principal balance as of the
Cut-off Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be
not less than $380,000,000 or greater than $420,000,000.
(b) Aggregate Principal Amount of Pool 2:
$200,222,314.36 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
$190,000,000 or greater than $210,000,000.
<PAGE>
(c) Aggregate Principal Amount of Pool 3:
$176,002,356.26 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 3 will be not less than
$166,250,000 or greater than $183,750,000.
(d) Aggregate Principal Amount of Pool 4:
$201,364,346.26 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 4 will be not less than
$190,000,000 or greater than $210,000,000.
(e) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in Pool 1, Pool 2 and Pool 4 shall be between 20
and 30 years. The original term to maturity of
substantially all of the Mortgage Loans included in Pool 3
shall be between 10 and 15 years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Class
Principal Interest Purchase
Class Balance Rate Price Percentage
- ----- ------- ---- ----------------
Class 2-A1 $42,800,000.00 6.60% 99.47656%
Class 2-A2 23,450,000.00 6.55 99.47656
Class 2-A3 (1) 6.75 00.00000
Class 2-A4 69,660,000.00 (2) 99.47656
Class 2-A5 13,416,000.00 (2) 99.47656
Class 2-A6 4,644,000.00 (2) 99.47656
Class 2-A7 5,361,000.00 6.75 99.47656
Class 2-A8 968,000.00 6.75 99.47656
Class 2-A9 31,800,000.00 6.75 99.47656
Class 2-M 3,703,000.00 6.75 99.218750
Class 2-B1 1,502,000.00 6.75 97.953125
Class 2-B2 801,000.00 6.75 96.250000
Class 2-R 100.00 6.75 99.47656
Class 2-RL 100.00 6.75 99.47656
(1) The Class 2-A3 Certificates shall be issued with an
initial notional principal balance of $1,645,925.93.
(2) Interest will accrue on the Class 2-A4, Class 2-A5 and
Class 2-A6 Certificates at the respective rates described
in the related Prospectus.
2
<PAGE>
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, July 30,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class 2-A1, Class
2-A2, Class 2-A4, Class 2- A5, Class 2-A6, Class 2-A7, Class 2-A8
and Class 2-A9 Certificates shall have received Required Ratings
of "AAA" from each of Fitch IBCA Inc. ("Fitch") and Standard &
Poor's Rating Services, a division of The McGraw-Hill Companies,
Inc. ("S&P"). The Class 2-A3 Certificates shall have received
Required Ratings of "AAA" from Fitch and "AAAr" from S&P. The
Class 2-M Certificates shall have received a Required Rating of
"AA" from Fitch. The Class 2-B1 Certificates shall have received
a Required Rating of "A" from Fitch. The Class 2-B2 Certificates
shall have received a Required Rating of "BBB" from Fitch.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of each of the Upper-Tier REMIC in
respect of Pool 2 and the Lower-Tier REMIC in respect of Pool 2
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 its 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,
LEHMAN BROTHERS INC.
By:______________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_____________________________
Name:
Title:
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
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<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
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<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
-6-
<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
-8-
<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.
-9-
<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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(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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<PAGE>
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
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<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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<PAGE>
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.
-29-
<PAGE>
(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;
-30-
<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).
-31-
<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
-32-
<PAGE>
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)
-33-
<PAGE>
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(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
-34-
<PAGE>
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
-35-
<PAGE>
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
-36-
<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.
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<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
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 1998-12
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 July 24, 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 1998-12
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
1998-12 Certificates are registered with the Securities and
Exchange Commission by means of an effective Registration
Statement (No. 333-51151). Capitalized terms used and not defined
herein have the meanings given them in the Underwriting
Agreement.
Section 1. The Mortgage Pool: The Series 1998-12
Certificates shall evidence the entire beneficial ownership
interest in four mortgage pools ("Pool 1," "Pool 2," "Pool 3" and
"Pool 4," 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 July 1, 1998 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of Pool 1: $400,661,895.62
aggregate principal balance as of the Cut-off Date, subject to a
permitted variance such that the aggregate original Certificate
Principal Balance will be not less than $380,000,000 or greater
than $420,000,000.
(b) Aggregate Principal Amount of Pool 2: $200,222,314.36
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 $190,000,000 or greater than $210,000,000.
(c) Aggregate Principal Amount of Pool 3: $176,002,356.26
aggregate principal balance as of the Cut-off Date, subject to a
permitted variance such that the aggregate original
<PAGE>
Certificate Principal Balance of the Offered Certificates in Pool
3 will be not less than $166,250,000 or greater than
$183,750,000.
(d) Aggregate Principal Amount of Pool 4: $201,364,346.26
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 4 will be
not less than $190,000,000 or greater than $210,000,000.
(e) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included in
Pool 1, Pool 2 and Pool 4 shall be between 20 and 30 years. The
original term to maturity of substantially all of the Mortgage
Loans included in Pool 3 shall be between 10 and 15 years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued with
the following Class designations, interest rates and principal
balances, subject in the aggregate to the variance referred to in
Section 1(a):
Principal Interest Class Purchase
Class Balance Rate Price Percentage
Class 3-A1 $37,700.00 6.50% 99.734400%
Class 3-A2 2,300,000.00 6.50 99.734400
Class 3-A3 10,000,000.00 6.50 99.734400
Class 3-A4 121,818,119.00 6.50 99.734400
Class 3-M 1,320,017.00 6.50 99.667905
Class 3-B1 440,005.00 6.50 99.058521
Class 3-B2 440,005.00 6.50 97.370397
Class 3-R 100.00 6.50 99.734400
Class 4-A1 $71,750,000.00 6.75% 99.351600%
Class 4-A2 11,149,185.00 (1) 99.351600
Class 4-A3 3,716,395.00 (1) 99.351600
Class 4-A4 20,140,000.00 6.75 99.351600
Class 4-A5 45,100,000.00 6.75 99.351600
Class 4-A6 19,500,000.00 6.75 99.351600
Class 4-A7 3,125,000.00 7.00 99.351600
Class 4-A8 3,125,000.00 6.50 99.351600
Class 4-A9 3,300,000.00 6.75 99.351600
Class 4-A10 3,100,000.00 7.00 99.351600
Class 4-A11 3,100,000.00 6.50 99.351600
Class 4-A12 3,750,000.00 6.75 99.351600
Class 4-A13 2,124,900.00 6.75 99.351600
Class 4-M 3,725,240.00 6.75 99.412027
Class 4-B1 1,610,914.00 6.75 98.599630
Class 4-B2 906,139.00 6.75 96.525697
Class 4-R 100.00 6.75 99.351600
2
<PAGE>
- ----------
(1) Interest will accrue on the Class 4-A2 and Class 4-A3
Certificates at the respective rates described in the
Prospectus.
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, July 30,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class 3-A1, Class
3-A2, Class 3-A3, Class 3-A4, Class 4-A1, Class 4-A2, Class 4-A3,
Class 4-A4, Class 4-A5, Class 4-A6, Class 4-A7 Class 4-A8, Class
4-A9, Class 4-A10, Class 4-A11, Class 4-A12, Class 4-A13
Certificates shall have received Required Ratings of "AAA" from
each of Fitch IBCA Inc. ("Fitch") and Standard & Poor's Rating
Services, a division of The McGraw-Hill Companies, Inc. ("S&P").
The Class 3-M Certificates shall have received a Required Rating
of "AA" from S&P and the Class 4-M Certificates shall have
received a Required Rating of "AA" from Fitch. The Class 3-B1
Certificates shall have received a Required rating of "A" from
S&P and the Class 4-B1 Certificates shall have received a
Required Rating of "A" from Fitch. The Class 3-B2 Certificates
shall have received a Required Rating of "BBB" from S&P and the
Class 4-B2 Certificates shall have received a Required Rating of
"BBB" from Fitch.
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 its 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,
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.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
-------------
POOLING AND SERVICING AGREEMENT
Dated as of July 1, 1998
-------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-12
- -----------------------------------------------------------------
<PAGE>
Table of Contents
Page
ARTICLE I.
DEFINITIONS
Section 1.01. Definitions ............................... 1
ARTICLE II.
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE
OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans .............. 44
Section 2.02. Acceptance by Trustee ..................... 48
Section 2.03. Representations and Warranties
of the Company; Mortgage Loan
Repurchase ................................ 49
Section 2.04. Execution of Certificates ................. 57
Section 2.05. The REMICs; Designations under
the REMIC Provisions ...................... 57
Section 2.06. Trust Funds Separate ...................... 61
ARTICLE III.
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer ................ 61
Section 3.02. Collection of Certain Mortgage
Loan Payments; Mortgage Loan
Payment Records; Certificate
Accounts .................................. 65
Section 3.03. Collection of Taxes, Assessments
and Other Items ........................... 68
Section 3.04. Permitted Debits to the Mortgage
Loan Payment Records ...................... 68
Section 3.05. Maintenance of the Primary
Insurance Policies ........................ 69
Section 3.06. Maintenance of Hazard Insurance ........... 70
Section 3.07. Assumption and Modification
Agreements ................................ 70
Section 3.08. Realization Upon Defaulted
Mortgage Loans ............................ 71
Section 3.09. Trustee to Cooperate; Release
of Mortgage Files ......................... 74
Section 3.10. Servicing Compensation; Payment
of Certain Expenses by the
Company ................................... 75
Section 3.11. Reports to the Trustee; Certificate
Account Statements ........................ 75
Section 3.12. Annual Statement as to Compliance ......... 75
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: ............................ 76
Section 3.14. Access to Certain Documentation
and Information Regarding the
Mortgage Loans ............................ 76
Section 3.15. Maintenance of Certain Servicing
Policies .................................. 76
Section 3.16. Optional Purchase of Defaulted
Mortgage Loans ............................ 77
ARTICLE IV.
PAYMENTS AND STATEMENTS
Section 4.01. Distributions ............................. 77
i
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Section 4.02. Method of Distribution .................... 87
Section 4.03. Allocation of Losses ...................... 88
Section 4.04. Monthly Advances; Purchases of
Defaulted Mortgage Loans .................. 93
Section 4.05. Statements to Certificateholders .......... 94
Section 4.06. Servicer's Certificate .................... 96
Section 4.07. Reports of Foreclosures and
Abandonments of Mortgaged
Property .................................. 96
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments ............ 97
Section 4.09. Surety Bond ............................... 97
ARTICLE V.
THE CERTIFICATES
Section 5.01. The Certificates .......................... 97
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 ......................... 114
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
Section 8.05. The Company to Pay Trustee's Fees
and Expenses .............................. 116
Section 8.06. Eligibility Requirements for Trustee ...... 117
ii
<PAGE>
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 ............................... 120
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 ........................ 124
Section 10.04. Governing Law ............................. 124
Section 10.05. Notices ................................... 125
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
EXHIBIT O-1 Senior Principal Priorities for Pool 1
EXHIBIT O-2 Senior Principal Priorities for Pool 2
EXHIBIT O-3 Senior Principal Priorities for Pool 3
iii
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EXHIBIT O-4 Senior Principal Priorities for Pool 4
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of July
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: (a) With respect
to the Class 1-A10 Certificates, the Class 1-A8 and Class
1-A9 Certificates, (b) with respect to the Class 1-A14
Certificates, the Class 1-A13 Certificates and (c) with
respect to the Class 2-A7 and Class 2-A8 Certificates, the
Class 2-A4, Class 2-A5 and Class 2-A6 Certificates (and,
with respect to the Class 2-A8 Certificates, the Class 2-A7
Certificates).
Accretion Directed Component: None.
Accretion Termination Date: With respect to any
Accrual Certificate the earlier of (i) the related
Cross-Over Date and (ii) the Distribution Date on which the
Class Certificate Principal Balances of the related
Accretion Directed Certificates are reduced to zero.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) or Section 4.01(b)(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) or Section 4.01(b)(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) or (ii), 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: Any Class 1-A10, Class
1-A14, Class 2-A7, or Class 2-A8 Certificate.
<PAGE>
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.
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.
Aggregate Pool 1 PAC Balance: As to any
Distribution Date and the Pool 1 PAC Certificates, the
balance designated as such for such Distribution Date as
set forth in the Principal Balance Schedules.
Aggregate Pool 1 Scheduled Balance: As to any
Distribution Date and the Pool 1 Scheduled Certificates,
the balance designated as such for such Distribution Date
as set forth in the Principal Balance Schedules.
Aggregate Pool 1 TAC Balance: As to any
Distribution Date and the Pool 1 TAC Certificates, the
balance designated as such for such Distribution Date as
set forth in the Principal Balance Schedules.
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
2
<PAGE>
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 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 August of each year that the Certificates
are outstanding, commencing in August 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
3
<PAGE>
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 $147,025, in the case of Pool 1, $100,000,
in the case of Pool 2, $100,000, in the case of Pool 3, and
$100,000, in the case of Pool 4, as reduced in each case by
the aggregate amount of Deficient Valuations and Debt
Service Reductions in respect of such Mortgage Pool since
the Cut-off Date. As of any Determination Date after the
first Anniversary Determination Date, other than an
Anniversary Determination Date, the Bankruptcy Loss Amount
for a Mortgage Pool shall equal such Bankruptcy Loss Amount
on the immediately preceding Anniversary Determination Date
as reduced by the aggregate amount of Deficient Valuations
and Debt Service Reductions for such Mortgage Pool since
such preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
for a Mortgage Pool shall equal the lesser of (x) the
related Bankruptcy Loss Amount as of the preceding
Determination Date as reduced by any Deficient Valuations
and Debt Service Reductions for such Mortgage Pool for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Mortgage Pool for such
Anniversary Determination Date and (ii) the S&P Formula
Amount for such Mortgage Pool for such Anniversary
Determination Date.
The Bankruptcy Loss Amount for a Mortgage Pool
may be further reduced by the Company (including
accelerating the manner in which such coverage is reduced)
provided that prior to any such reduction, the Company
shall obtain written confirmation from each Rating Agency
that such reduction shall 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.
4
<PAGE>
Base Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Base Servicing Fee Rate for such Mortgage Loan. The Base
Servicing Fee for any Distribution Date is subject to
adjustment pursuant to Section 3.08(d) (with respect to a
Realized Loss) or the definition of Interest Loss (with
respect to the interest portion of a Debt Service
Reduction).
Base Servicing Fee Rate: As to any Mortgage Loan,
the per annum rate identified as such for such Mortgage
Loan and set forth in the Mortgage Loan Schedule.
BBA: The British Banker's Association.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate
registered in the name of the Depository or its nominee,
ownership of which is reflected on the books of the
Depository or on the books of a person maintaining an
account with such Depository (directly or as an indirect
participant in accordance with the rules of such
Depository). As of the Closing Date, each Class of
Certificates, other than the Class PO, Class B3, Class B4,
Class B5 or Residual Certificates, constitutes a Class of
Book-Entry Certificates.
Book-Entry Nominee: As defined in Section
5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor
or another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to
which the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown
Funds are required to be applied to the related Buydown
Mortgage Loan.
Certificate: Any one of the certificates signed
and countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The Pool 1 Certificate
Account, Pool 2 Certificate Account, Pool 3 Certificate
Account or Pool 4 Certificate Account, as the case may be.
5
<PAGE>
Certificate Group: The Pool 1 Certificates, Pool
2 Certificates, Pool 3 Certificates or Pool 4 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 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.
6
<PAGE>
Class: All Certificates or Lower Tier Interests,
as the case may be, bearing the same class designation.
Class 1-A13 Scheduled Balance: As to any
Distribution Date and the Class 1-A13 Certificates, the
balance designated as such for such Distribution Date as
set forth in the Principal Balance Schedules.
Class 2-A9 Principal Distribution Amount: With
respect to any Distribution Date, the sum of (a) the total
of the amounts described in clauses (i) and (iii) of the
definition of Pool 2 Senior Optimal Principal Amount for
such date multiplied by the Class 2-A9 Scheduled
Distribution Percentage for such date, and (b) the total of
the amounts described in clauses (ii), (iv) and (v) of the
definition of Pool 2 Senior Optimal Principal Amount
(without application of the Senior Prepayment Percentage
for Pool 2) for such date multiplied by the product of (x)
the Class 2-A9 Percentage for such date, (y) the Class 2-A9
Prepayment Distribution Percentage for such date and (z)
the Senior Percentage for Pool 2 on such date.
Notwithstanding the foregoing, (i) on the Pool 2 Group I
Final Distribution Date, the Class 2-A9 Principal
Distribution Amount will be increased by any Pool 2 Senior
Optimal Principal Amount remaining after distributions of
principal have been made on the Pool 2 Group I Senior
Certificates, and (ii) following the Pool 2 Group I Final
Distribution Date, the Class 2-A9 Principal Distribution
Amount will equal the Pool 2 Senior Optimal Principal
Amount.
Class 2-A9 Percentage: With respect to any
Distribution Date, the percentage (carried to ten places
rounded up) obtained by dividing (x) the sum of the Class
Certificate Principal Balances of the Class 2-A9
Certificates immediately preceding such Distribution Date
and $13,000,000 by (y) the aggregate Class Certificate
Principal Balance of all the Pool 2 Senior Certificates
(other than the Class 2-PO Certificates) immediately
preceding such Distribution Date; provided that the Class
2-A9 Percentage for any Distribution Date may not exceed
100%; and provided further, that on any Distribution Date
after the Class Certificate Principal Balance of the Class
2-A9 Certificates has been reduced to zero, the Class 2-A9
Percentage shall be zero.
Class 2-A9 Prepayment Distribution Percentage:
With respect to any Distribution Date, 0% through the
Distribution Date in July 2003; 30% thereafter through the
Distribution Date in July 2004; 40% thereafter through the
Distribution Date in July 2005; 60% thereafter through the
Distribution Date in July 2006; 80% thereafter through the
Distribution Date in July 2007; and 100% thereafter.
Class 2-A9 Scheduled Distribution Percentage:
With respect to any Distribution Date through the
Distribution Date in July 2003, 0%. The Class 2-A9
Scheduled Distribution Percentage for any Distribution Date
thereafter will equal the Class 2-A9 Percentage for such
Distribution Date. Notwithstanding the foregoing, on any
Distribution Date after the Pool 2 Group 1 Final
Distribution Date, the Class 2-A9 Scheduled Distribution
Percentage will equal the Senior Percentage for Pool 2 on
such Distribution Date.
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Class 3-A3 Principal Distribution Amount: With
respect to any Distribution Date, the sum of (a) the total
of the amounts described in clauses (i) and (iii) of the
definition of Pool 3 Senior Optimal Principal Amount for
such date multiplied by the Class 3-A3 Percentage for such
date, and (b) the total of the amounts described in clauses
(ii), (iv) and (v) of the definition of Pool 3 Senior
Optimal Principal Amount for such date multiplied by the
product of (x) the Class 3-A3 Percentage for such date and
(y) the Class 3-A3 Prepayment Distribution Percentage for
such date. Notwithstanding the foregoing, (i) on the Pool 3
Group I Final Distribution Date, the Class 3-A3 Principal
Distribution Amount will be increased by any remaining
amounts pursuant to clause (a)(2) of priority third
included in Exhibit O-3 after distributions of principal
have been made on the Pool 3 Group I Senior Certificates,
and (ii) following the Pool 3 Group I Final Distribution
Date, the Class 3-A3 Principal Distribution Amount will
equal the amount set forth in clause (a)(2) of priority
third included in Exhibit O-3.
Class 3-A3 Prepayment Distribution Percentage:
With respect to any Distribution Date, 0% through the
Distribution Date in July 2003; 30% thereafter through the
Distribution Date in July 2004; 40% thereafter through the
Distribution Date in July 2005; 60% thereafter through the
Distribution Date in July 2006; 80% thereafter through the
Distribution Date in July 2007; and 100% thereafter.
Class 3-A3 Percentage: With respect to any
Distribution Date, the percentage (carried to six places
rounded up) obtained by dividing (x) the Class Certificate
Principal Balance of the Class 3-A3 Certificates
immediately preceding such Distribution Date by (y) the
aggregate Class Certificate Principal Balance of all the
Pool 3 Senior Certificates (other than the Class 3-PO
Certificates) immediately preceding such Distribution Date.
Class 4-A4 Distribution Percentage: With respect
to any Distribution Date, 0% through the Distribution Date
in July 2003; 30% thereafter through the Distribution Date
in July 2004; 40% thereafter through the Distribution Date
in July 2005; 60% thereafter through the Distribution Date
in July 2006; 80% thereafter through the Distribution Date
in July 2007; and 100% thereafter.
Class 4-A4 Percentage: With respect to any
Distribution Date, the percentage (carried to six places
rounded up) obtained by dividing (x) the Class Certificate
Principal Balance of the Class 4-A4 Certificates
immediately preceding such Distribution Date by (y) the
aggregate Class Certificate Principal Balance of all the
Pool 4 Senior Certificates (other than the Class 4-PO
Certificates) immediately preceding such Distribution Date.
Class 4-A4 Principal Distribution Amount: With
respect to any Distribution Date, the product of (a) the
Pool 4 Senior Optimal Principal Amount on such date
multiplied by (b) the Class 4-A4 Percentage for such date
multiplied by (c) the Class 4-A4 Distribution Percentage
for such date. Notwithstanding the foregoing, (i) on the
Pool 4 Group I Final Distribution Date, the Class 4-A4
Principal Distribution Amount
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will be increased by any Pool 4 Senior Optimal Principal
Amount remaining after distributions of principal have been
made on the Pool 4 Group I Senior Certificates, and (ii)
following the Pool 4 Group I Final Distribution Date, the
Class 4-A4 Principal Distribution Amount will equal the
Pool 4 Senior Optimal Principal Amount.
Class B Certificate: Any Class B1, Class B2,
Class B3, Class B4 or Class B5 Certificate.
Class B1 Certificate: Any Class 1-B1, Class 2-B1,
Class 3-B1 or Class 4-B1 Certificate.
Class B2 Certificate: Any Class 1-B2, Class 2-B2,
Class 3-B2 or Class 4-B2 Certificate.
Class B3 Certificate: Any Class 1-B3, Class 2-B3,
Class 3-B3 or Class 4-B3 Certificate.
Class B4 Certificate: Any Class 1-B4, Class 2-B4,
Class 3-B4 or Class 4-B4 Certificate.
Class B5 Certificate: Any Class 1-B5, Class 2-B5,
Class 3-B5 or Class 4-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.
Class M Certificate: Any Class 1-M, Class 2-M,
Class 3-M or Class 4-M Certificate.
Class PO Certificate: Any Class 1-PO, Class 2-PO,
Class 3-PO or Class 4-PO Certificate.
Class PO Deferred Amount: As to any Distribution
Date on or prior to the related Cross-Over Date, the
aggregate of the applicable PO Percentage of the principal
portion of each Realized Loss in respect of a Mortgage
Pool, other than any related Excess Loss, to be allocated
to the Class 1-PO Certificates, in the case of Pool 1, to
the
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Class 2-PO Certificates, in the case of Pool 2, to the
Class 3-PO Certificates, in the case of Pool 3, or to the
Pool 4 Certificates, in the case of Pool 4, 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),
(c)(iv) or (d)(iv), as applicable.
Class R Certificate: Any Class 1-R, Class 2-R,
Class 3-R or Class 4-R Certificate.
Class RL Certificate: Any Class 1-RL or Class
2-RL Certificate.
Closing Date: July 30, 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, Pool 3 and Pool 4, 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.
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Cooperative Stock: With respect to a Cooperative
Loan, the single outstanding class of stock, partnership
interest or other ownership instrument in the related
Cooperative.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other
instrument evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of
the Trustee at which at any particular time its corporate
trust business shall be administered, which office at the
date of the execution of this instrument is located at Two
International Place, Boston, Massachusetts 02110,
Attention: Corporate Trust Department.
Corresponding Class: With respect to Pool 1 and
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 1 and 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: July 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
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Bankruptcy Code, as amended from time to time (11 U.S.C.),
pursuant to which such Mortgagor retained such Mortgaged
Property.
Definitive Certificate: Any Certificate, other
than a Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is Cede &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
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 and Pool
2, the Mortgage Loans listed in Schedule M hereto. With
respect to Pool 3, none. With respect to Pool 4, 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, Pool 2 and
Pool 4, 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
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<PAGE>
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar
month after the month of initial issuance of the
Certificates, or, if such 25th day is not a Business Day,
the next succeeding Business Day.
Distribution Date Statement: The statement
referred to in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the
related Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating,
(ii) an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders 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.
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
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<PAGE>
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.
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).
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Fraud Loss: Any Realized Loss attributable to
fraud in the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date
after the Cut-off Date and as to each Mortgage Pool, (x)
prior to the first anniversary of the Cut-off Date, an
amount equal to $4,006,619, in the case of Pool 1,
$2,002,223, in the case of Pool 2, $1,760,024, in the case
of Pool 3, and $2,013,643, in the case of Pool 4, minus in
each case the aggregate amount of Fraud Losses in respect
of such Mortgage Pool that would have been allocated to the
related Junior Certificates in accordance with Section 4.03
in the absence of the applicable Loss Allocation Limitation
since the Cut-off Date, and (y) from the first through the
fifth anniversary of the Cut-off Date, an amount equal to
(1) the lesser of (a) such Fraud Loss Amount as of the most
recent anniversary of the Cut-off Date and (b) 1.00% (from
the first anniversary to but excluding the third
anniversary of the Cut-off Date) or 0.50% (from the third
through the fifth anniversaries of the Cut-off Date), of
the aggregate outstanding principal balance of all of the
Mortgage Loans in such Mortgage Pool as of the most recent
anniversary of the Cut-off Date minus (2) the Fraud Losses
in respect of such Mortgage Pool that would have been
allocated to the related Junior Certificates in accordance
with Section 4.03 in the absence of the applicable Loss
Allocation Limitation since the most recent anniversary of
the Cut-off Date. After the fifth anniversary of the
Cut-off Date the Fraud Loss Amount for each Mortgage Pool
shall be zero.
Initial Certificate Principal Balance: With
respect to any Certificate, other than a Notional
Certificate, the Certificate Principal Balance of such
Certificate or any predecessor Certificate on the Closing
Date.
Initial LIBOR Rate: 5.656%, in the case of Pool
1, 5.65%, in the case of Pool 2, and 5.65625%, in the case
of Pool 4.
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
the Class 1-A8, Class 1-A9, Class 2-A4, Class 2-A5 and
Class 2-A6 Certificates and 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. With respect to any Distribution
Date and the Class 1-A8, Class 1-A9, Class 2-A4, Class 2-A5
and Class 2-A6 Certificates, the one-month period beginning
on the 25th day of the month preceding the month of such
Distribution Date and ending on the 24th day of the month
of such Distribution Date.
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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.
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
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(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the related Net Mortgage Rate over (ii) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on such Scheduled Principal Balance (or,
in the case of a Principal Prepayment in part, on the
amount so prepaid) at the Net Mortgage Rate required
to be paid by the Mortgagor as limited by application
of the Relief Act.
For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of any
Interest Shortfall shall be allocated between the
Certificates of the related Certificate Group and the
Supplemental Servicing Fee in proportion to the amount of
interest that would have been allocated to such
Certificates (at the Remittance Rate) and the Supplemental
Servicing Fee (at the Supplemental Servicing Fee Rate),
respectively, in the absence of such Interest Shortfall.
Junior Certificate: As to each Certificate Group,
any related Class M or Class B Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the following (but in no event greater
than the aggregate Certificate Principal Balance of the
related Junior Certificates immediately prior to such
Distribution Date):
(i) the related Junior Percentage of the
applicable Non-PO Percentage of the
principal portion of each Monthly Payment
due on the related Due Date on each
Outstanding Mortgage Loan in the related
Mortgage Pool as of such Due Date as
specified in the amortization schedule at
the time applicable thereto (after
adjustment for previous Principal
Prepayments and the principal portion of
Debt Service Reductions in respect of such
Mortgage Pool subsequent to the related
Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (other
than as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace
period);
(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
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Pool that was the subject of a Voluntary
Principal Prepayment in full during the
related Prepayment Period;
(iii) the excess, if any, of (x) the applicable
Non-PO Percentage of the sum of (A) all Net
Liquidation Proceeds in respect of the
related Mortgage Pool allocable to principal
received during the related Prepayment
Period (other than in respect of Mortgage
Loans described in clause (B)) and (B) the
principal balance of each Mortgage Loan in
the related Mortgage Pool that was purchased
by an insurer from the Trustee during the
related Prepayment Period pursuant to the
related Primary Insurance Policy, over (y)
the amount distributable pursuant to clause
(iii) of the definition of Senior Optimal
Principal Amount for the related Certificate
Group on such Distribution Date;
(iv) the related Junior Prepayment Percentage of
the applicable Non-PO Percentage of the
Scheduled Principal Balance of each Mortgage
Loan in the related Mortgage Pool that was
purchased on such Distribution Date pursuant
to Section 2.02, 2.03(a) or 3.16; and
(v) the related Junior Prepayment Percentage of
the applicable Non-PO Percentage of the
Substitution Amount for any Mortgage Loan in
the related Mortgage Pool substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the
Junior Certificates in a Certificate Group have been
reduced to zero, the related Junior Optimal Principal
Amount shall be zero.
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, in
the case of the Pool 3 Certificates, the Class 3-PO
Certificates and in the case of the Pool 4 Certificates,
the Class 4-PO Certificates, has been reduced to zero, the
Junior Prepayment Percentage for such Certificate Group
shall be 100%, and (ii) after the related
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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, the Pool 2 Trust Fund and the Pool 4
Trust Fund, July 25, 2030. With respect to the Pool 3 Trust
Fund, July 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 1-A8, Class 1-A9,
Class 1-A11, Class 1-A12, Class 2-A4, Class 2-A5, Class
2-A6, Class 4-A2 and Class 4-A3 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 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).
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Lower Tier Balance: As to Pool 1 and 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 1 and Pool 2, any
one of the Classes of regular interests in the related
Lower Tier REMIC described as such in Section 2.05(a).
Lower Tier Interest Rate: As to Pool 1 and 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: (a) One of the two separate
REMICs comprising the Pool 1 Trust Fund, the assets of
which consist of the assets and rights specified in clauses
(i) through (viii) and clause (x) of the definition of the
term Pool 1 Trust Fund and (b) one of the two separate
REMICs comprising the Pool 2 Trust Fund, the assets of
which consist of the assets and rights specified in clauses
(i) through (vii) 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 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.
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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, Pool 3 or
Pool 4, as applicable. For purposes hereof, the Pool 1,
Pool 2, Pool 3 and Pool 4 Certificates shall relate to Pool
1, Pool 2, Pool 3 and Pool 4, respectively.
Mortgage Rate: The per annum rate of interest
borne by a Mortgage Loan as set forth in the related
Mortgage Note.
Mortgaged Property: The underlying real property
securing the Mortgage Loan, or with respect to a
Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan,
each obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date and any Certificate Group, the excess, if
any, of the aggregate Interest Shortfalls allocable to the
Certificates of such Certificate Group (as determined in
accordance with the definition of
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<PAGE>
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, Pool 2 and Pool 4, 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, Pool 2 or Pool 4, 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
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
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<PAGE>
Notional Certificate: Any Class 1-A6 or Class
2-A3 Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any
Distribution Date and the Class 1-A6 Certificates, the sum
of (i) 3.703703704% of the Class Certificate Principal
Balance of the Class 1-A1 Certificates for such
Distribution Date, (ii) 2.222222222% of the Class
Certificate Principal Balance of the Class 1-A2
Certificates for such Distribution Date and (iii)
0.740740741% of the Class Certificate Principal Balance of
the Class 1-A3 Certificates for such Distribution Date. As
to any Distribution Date and the Class 2-A3 Certificates,
the sum of (i) 2.2222222222% of the Class Certificate
Principal Balance of the Class 2-A1 Certificates for such
Distribution Date and (ii) 2.9629629630% of the Class
Certificate Principal Balance of the Class 2-A2
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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<PAGE>
Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
PAC Certificate: Any Class 2-A1 or Class 2-A2
Certificate.
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
25
<PAGE>
of such depository institution or trust company at the
date of acquisition thereof have been rated by each
Rating Agency in the highest long-term rating
category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
Person: Any legal person, including any
individual, corporation, partnership, limited liability
company, joint venture, association, joint-stock company,
trust, unincorporated organization or government or any
agency or political subdivision thereof.
Plan: Any Person which is an employee benefit
plan subject to ERISA or a plan subject to section 4975 of
the Code.
Pledged Asset Loan-to-Value Ratio: With respect
to any Pledged Asset Mortgage Loan, (i) the original loan
amount less the portion of any required Additional
Collateral which is covered by the Surety Bond, divided by
(ii) the Original Value of the related Mortgaged Property.
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, Pool 2 or Pool 4, 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
Non-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:
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<PAGE>
(i) the related principal portion of each
Monthly Payment due on the related Due Date
on each Outstanding Mortgage Loan in the
related Mortgage Pool as of such Due Date as
specified in the amortization schedule at
the time applicable thereto (after
adjustments for previous Principal
Prepayments and the principal portion of
Debt Service Reductions, each in respect of
such Mortgage Pool, subsequent to the
related Bankruptcy Coverage Termination Date
but before any adjustment to such
amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar
proceeding or any moratorium or similar
waiver or grace period);
(ii) all principal prepayments in part in respect
of the related Mortgage Pool received during
the related Prepayment Period, together with
the Scheduled Principal Balance (as reduced
by any Deficient Valuation in respect of
such Mortgage Pool occurring on or prior to
the related Bankruptcy Coverage Termination
Date) of each Mortgage Loan in the related
Mortgage Pool that was the subject of a
Voluntary Principal Prepayment in full
during the related Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds
in respect of the related Mortgage Pool
allocable to principal received in respect
of each Mortgage Loan in the related
Mortgage Pool that became a Liquidated
Mortgage Loan during the related Prepayment
Period (other than Mortgage Loans described
in clause (B)) and (B) the principal balance
of each Mortgage Loan in the related
Mortgage Pool purchased by an insurer from
the Trustee pursuant to the related Primary
Insurance Policy, in each case during the
related Prepayment Period;
(iv) the Scheduled Principal Balance (as reduced
by any Deficient Valuation in respect of
such Mortgage Pool occurring on or prior to
the related Bankruptcy Coverage Termination
Date) of each Mortgage Loan in the related
Mortgage Pool that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(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.
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<PAGE>
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool 1: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule as Pool 1 Mortgage
Loans.
Pool 1 Certificate: Any Pool 1 Senior Certificate
or Pool 1 Junior Certificate.
Pool 1 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 Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 1 Senior Certificates has
been reduced to zero.
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 PAC Certificates: Any Class 1-A1, Class
1-A2, Class 1-A3, Class 1-A4 or Class 1-A5 Certificate.
Pool 1 Scheduled Certificates: Any Class 1-A7,
Class 1-A13 and Class 1-A14 Certificate.
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-R, Class
1-RL or Class 1-PO Certificate.
Pool 1 Senior Optional Principal Amount: The
Senior Optimal Principal Amount for Pool 1.
Pool 1 TAC Certificate: Any Class 1-A8 and 1-A9
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
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<PAGE>
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
(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.
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<PAGE>
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-A4, Class 2-A5, Class
2-A6, Class 2-A7, Class 2-A8, Class 2-R or Class 2-RL
Certificate.
Pool 2 Group II Senior Certificate: Any Class
2-A9 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-R, Class 2-RL or
Class 2-PO Certificate.
Pool 2 Senior Optimal Principal Amount: The
Senior Optimal Principal Amount for Pool 2.
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;
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(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.
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 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 3 Group I Senior Certificates
has been reduced to zero.
Pool 3 Group I Senior Certificate: Any Class 3-A1
or Class 3-A2 Certificate.
Pool 3 Group II Senior Certificate: Any Class
3-A3 Certificate.
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-A1, Class
3-A2, Class 3-A3, Class 3-A4, Class 3-R or Class 3-PO
Certificate.
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Pool 3 Senior Optimal Principal Amount: The Senior Optimal
Principal Amount for Pool 3.
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 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.
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<PAGE>
Pool 4: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule as Pool 4 Mortgage
Loans.
Pool 4 Certificate: Any Pool 4 Senior Certificate
or Pool 4 Junior Certificate.
Pool 4 Certificate Account: The trust account or
accounts in respect of Pool 4 created and maintained with
the Trustee pursuant to Section 3.02 and which must be an
Eligible Account.
Pool 4 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 4 Group I Senior Certificates
has been reduced to zero.
Pool 4 Group I Senior Certificate: Any Class
4-A1, Class 4-A2, Class 4-A3, Class 4-A5, Class 4-A6, Class
4-A7, Class 4-A8, Class 4-A9, Class 4-A10, Class 4-A11,
Class 4-A12, Class 4-A13 or Class 4-R Certificate.
Pool 4 Group II Senior Certificate: Any Class
4-A4 Certificate.
Pool 4 Junior Certificate: Any Class 4-M, Class
4-B1, Class 4-B2, Class 4-B3, Class 4-B4 or Class 4-B5
Certificate.
Pool 4 Mortgage Loan: A Mortgage Loan identified
as a Pool 4 Mortgage Loan in the Mortgage Loan Schedule.
Pool 4 Senior Certificate: Any Class 4-A1, Class
4-A2, Class 4-A3, Class 4-A4, Class 4-A5, Class 4-A6, Class
4-A7, Class 4-A8, Class 4-A9, Class 4-A10, Class 4-A11,
Class 4-A12, Class 4-A13, Class 4-R or Class 4-PO
Certificate.
Pool 4 Senior Optimal Principal Amount: The
Senior Optimal Principal Amount for Pool 4.
Pool 4 Trust Fund: The corpus of the trust
created by this Agreement evidenced by the Pool 4
Certificates and consisting of:
(i) the Pool 4 Mortgage Loans;
(ii) all payments on or collections in respect of
such Pool 4 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 4;
(iii) the obligation of the Company to deposit in
the Pool 4 Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a) in respect of
Pool 4, and the obligation of the Trustee to deposit
in the Pool 4 Certificate Account any amount required
pursuant to Section 4.04(b) in respect of Pool 4;
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(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan in Pool 4 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 4;
(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 4 Mortgage Loans, and the Company's interest
in the Surety Bond in respect of Pool 4 transferred to
the Trustee pursuant to Section 2.01;
(vii) the Pool 4 Certificate Account established
pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established in respect of Pool 4 pursuant to Section
3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class 4-B4 and
Class 4-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 4.
Prepayment Assumption Multiple: With respect to
Pool 1, 250% of the Prepayment Assumption. With respect to
the Pool 2, Pool 3 and Pool 4, 275% of the Prepayment
Assumption.
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 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.
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Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any
Distribution Date and any Voluntary Principal Prepayment in
part or other Principal Prepayment other than a Voluntary
Principal Prepayment in full, the calendar month preceding
the month of such Distribution Date; with respect to any
Distribution Date and any Voluntary Principal Prepayment in
full, the period beginning on the sixteenth day of the
calendar month preceding the month of such Distribution
Date (or, in the case of the first Distribution Date,
beginning on the Cut-off Date) and ending on the fifteenth
day of the month in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of
private mortgage insurance relating to a particular
Mortgage Loan, or an electronic screen print setting forth
the information contained in such certificate of private
mortgage insurance, including, without limitation,
information relating to the name of the mortgage insurance
carrier, the certificate number, the loan amount, the
property address, the effective date of coverage, the
amount of coverage and the expiration date of the policy.
Each such policy covers defaults by the Mortgagor, which
coverage shall equal the portion of the unpaid principal
balance of the related Mortgage Loan that exceeds 75% (or
such lesser coverage required or permitted by FNMA or
FHLMC) of the Original Value of the underlying Mortgaged
Property.
Primary Servicer: Any servicer with which the
Company has entered into a servicing agreement, as
described in Section 3.01(f).
Principal Balance Schedules: Any principal
balance schedules attached hereto, if applicable, as
Exhibit B, setting forth the PAC Balances of any PAC
Certificates and PAC Components, the Aggregate Pool 1 PAC
Balances of any Pool 1 PAC Certificates, the TAC Balances
of any TAC Certificates and TAC Components, the Aggregate
Pool 1 TAC Balances for any Pool 1 TAC Certificates, the
Scheduled Balances of any Scheduled Certificates and
Scheduled Components, the Aggregate Pool 1 Scheduled
Balances of any Pool 1 Scheduled Certificates and the Class
1-A13 Scheduled Balances of the Class 1-A13 Certificates.
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. With respect to Pool 4, any Class 4-PO
Certificate.
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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 July 24, 1998 relating to the
Restricted Junior Certificates.
Prohibited Transaction Exemption: With respect to
Pool 1, U.S. Department of Labor Prohibited Transaction
Exemption ("PTE") 90-59, 55 Fed. Reg. 36724, September 6,
1990. With respect to Pool 3 and Pool 4, U.S. Department of
Labor PTE 89-90, 54 Fed. Reg. 42597, October 17, 1989. With
respect to Pool 2, PTE 91-14, 56 Fed. Reg. 7413, February
22, 1991.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Proprietary Lease: With respect to a Cooperative
Loan, the proprietary lease(s) or occupancy agreement with
respect to the Cooperative Apartment occupied by the
Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the
holder of such Cooperative Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from 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,
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"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, Pool 2 Junior Certificates and Pool 4
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.
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.
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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 1-RL,
Class 2-R, Class 2-RL, Class 3-R or Class 4-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.
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.
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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, Pool 3 Senior
Certificate or Pool 4 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 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
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<PAGE>
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 in
the related Mortgage Pool substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date
and each Certificate Group, the lesser of (i) 100% and (ii)
the percentage (carried to six places rounded up) obtained
by dividing the Senior Certificate Principal Balance for
such Certificate Group immediately prior to such
Distribution Date by an amount equal to the sum of the
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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 July
2003 to and including the Distribution Date
in July 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 July
2004 to and including the Distribution Date
in July 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 July
2005 to and including the Distribution Date
in July 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 July
2006 to and including the Distribution Date
in July 2007, the related Senior Percentage
for such Distribution Date plus 20% of the
related Junior Percentage for such
Distribution Date; and
(v) for any Distribution Date thereafter, the
related Senior Percentage for such
Distribution Date.
Notwithstanding the foregoing, if on any Distribution Date
the related Senior Percentage exceeds the related Senior
Percentage as of the Closing Date, the Senior Prepayment
Percentage for such Certificate Group for such Distribution
Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage for a Certificate Group
below the level in effect for the most recent prior period
as set forth in clauses (i) through (iv) above shall be
effective on any Distribution Date unless at least one of
the following two tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool is delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) as a percentage of
the aggregate Class Certificate Principal Balance of
the related Junior Certificates
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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 August
2003 and July 2004, (b) 35% of the Original
Subordinate Principal Balance for such Certificate
Group if such Distribution Date occurs between and
including August 2004 and July 2005, (c) 40% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including August 2005 and July 2006, (d)
45% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs between and including August 2006 and July 2007
and (e) 50% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs during or after August 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 August 2003 and July 2004, (b)
15% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs between and including August 2004 and July
2005, (c) 20% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs between and including August
2005 and July 2006, (d) 25% of the Original
Subordinate Principal Balance for such Certificate
Group if such Distribution Date occurs between and
including August 2006 and July 2007, and (e) 30% of
the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
during or after August 2007.
Servicer's Certificate: A certificate, completed
by and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially in
the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, the sum of (a) the Base Servicing Fee
and (b) the Supplemental Servicing Fee.
Servicing Officer: Any officer of the Company
involved in, or responsible for, the administration and
servicing of the Mortgage Loans whose name appears on a
list
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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 $4,475,747, in the
case of Pool 1, $3,003,335, in the case of Pool 2, and
$1,975,000, in the case of Pool 3 and $2,520,000, in the
case of Pool 4, 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
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.
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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), 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, in the case of the
Pool 4 Certificates, any amount distributed to the Class
4-PO Certificates on such Distribution Date pursuant to
Section 4.01(d)(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.
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Substitution Amount: With respect to any Mortgage
Loan substituted pursuant to Section 2.03(b), the excess of
(x) the Scheduled Principal Balance of the Mortgage Loan
that is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
Supplemental Servicing Fee: As to any Mortgage
Loan and Distribution Date, an amount equal to the product
of (i) the Scheduled Principal Balance of such Mortgage
Loan as of the Due Date in the preceding calendar month and
(ii) the Supplemental Servicing Fee Rate for such Mortgage
Loan. The Supplemental Servicing Fee for any Distribution
Date shall be reduced by its allocable share of Interest
Shortfalls (as provided in the definition thereof) and any
Interest Losses (in accordance with Section 3.08(d)).
Supplemental Servicing Fee Rate: As to any
Mortgage Loan and Distribution Date, a fixed rate per annum
equal to the excess, if any, of the Net Mortgage Rate
thereof over 6.75%, in the case of Pool 1, Pool 2 and Pool
4, 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 2-A4, Class 2-A5 or
Class 2-A6 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, the Pool 3 Trust Fund or the Pool 4 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,
Section 4.01(c)(ii), 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, Section
4.01(c)(xxi), in the case of the Class 3-B5 Certificates,
Section 4.01(d)(ii), in the case of the Pool 4 Senior
Certificates and any Component thereof, Section
4.01(d)(vi), in the case of the Class 4-M Certificates,
Section 4.01(d)(ix), in the case of the Class 4-B1
Certificates, Section 4.01(d)(xii), in the case of the
Class 4-B2 Certificates, Section 4.01(d)(xv), in the case
of the Class 4-B3 Certificates, Section 4.01(d)(xviii), in
the case of the Class 4-B4 Certificates, and Section
4.01(d)(xxi), in the case of the Class 4-B5 Certificates.
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Upper Tier REMIC: As applicable, (a) one of the
two separate REMICs comprising the Pool 1 Trust Fund, the
assets of which consist of the Lower Tier Interests in
respect of Pool 1 and (b) one of the two separate REMICs
comprising the Pool 2 Trust Fund, the assets of which
consist of the Lower Tier Interests in respect of Pool 2.
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 the Pool 3
Certificates and the Pool 4 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 1 Certificates shall be allocated so that the
Class 1-A6 Certificates are allocated 1% of such Voting
Rights and all other Pool 1 Certificates, in the aggregate,
are allocated 99% of such Voting Rights. Voting Rights
allocated to the Pool 1 Certificates other than the Class
1-A6 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 1-A6 Certificates shall be
allocated among the Certificates of such Class in
proportion to their Notional 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-A3 Certificates are allocated 2% of such Voting
Rights and all other Pool 2 Certificates, in the aggregate,
are allocated 98% of such Voting Rights. Voting Rights
allocated to the Pool 2 Certificates other than the Class
2-A3 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).
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), the Pool 3 Mortgage Loans (in
the case of the Pool 3 Trust Fund) and the Pool 4 Mortgage Loans
(in the case of the Pool 4 Trust Fund), including all interest
and principal received by the Company on or with respect to the
related Mortgage Loans (other than
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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 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;
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(iii) The related Cooperative Stock
Certificate, together with an undated stock power
(or other similar instrument) executed in blank;
(iv) A counterpart of the recognition
agreement by the Cooperative of the 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 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,
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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 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
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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.
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
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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 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:
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(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
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;
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(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) One of the Mortgage Loans in Pool 1
(less than 0.5%) and none of the Mortgage Loans
in Pool 2, Pool 3 and Pool 4 constitute Pledged
Asset Mortgage Loans. The Loan-to-Value-Ratio of
each Mortgage Loan was not more than 95%. The one
Pledged Asset Mortgage Loan has a Pledged Asset
Loan to Value Ratio of 70%. As of the Cut-off
Date, no more than 16.25% of the Mortgage Loans
in Pool 1, no more than 14% of the Mortgage Loans
in Pool 2, no more than 5% of the Mortgage Loans
in Pool 3 and no more than 14% of the Mortgage
Loans in Pool 4, 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 in
the case of Pool 1, Pool 2 and Pool 4; and
fifteen years, in the case of Pool 3. The
Mortgage Rate of each Mortgage Note of the
related Mortgage Loan was not less than 6.5% per
annum and not greater than 8.875% per annum, in
the case of Pool 1, was not less than 6.375% per
annum and not greater than 8.75% per annum, in
the case of Pool 2, was not less than 6% per
annum and not greater than 8.5% per annum, in the
case of Pool 3, and was not less than 6.5% per
annum and not greater than 8.75% per annum, in
the case of Pool 4. The Mortgage Rate of each
Mortgage Note is fixed for the life of the
related Mortgage Loan;
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(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 8.5% of the Mortgage Loans in Pool 1, no
more than 8.75% of the Mortgage Loans in Pool 2,
no more than 11.50% of the Mortgage Loans in Pool
3, and no more than 8.75% of the Mortgage Loans
in Pool 4, in each case by Scheduled Principal
Balance, had a Scheduled Principal Balance of
more than $500,000 and up to and including
$750,000; (ii) no more than 1.25% of the Mortgage
Loans in Pool 1, no more than 2.00% of the
Mortgage Loans in Pool 2, no more than 1.25% of
the Mortgage Loans in Pool 3 and no more than
0.75% of the Mortgage Loans in Pool 4, 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 0.50% of the Mortgage Loans in Pool 1,
no more than 0.75% of the Mortgage Loans in Pool
2, none of the Mortgage Loans in Pool 3 and no
more than 0.75% of the Mortgage Loans in Pool 4,
had a Scheduled Principal Balance of more than
$1,000,000;
(xv) As of the Cut-off Date, no more than
1.25% of the Mortgage Loans in Pool 1, no more
than 1.50% of the Mortgage Loans in Pool 2, no
more than 1.25% of the Mortgage Loans in Pool 3
and no more than 1.25% of the Mortgage Loans in
Pool 4, in each case by Scheduled Principal
Balance, are secured by Mortgaged Properties
located in any one postal zip code area;
(xvi) As of the Cut-off Date, at least
98.25% of the Mortgage Loans in Pool 1, at least
98% of the Mortgage Loans in Pool 2, at least
96.25% of the Mortgage Loans in Pool 3 and at
least 97.50% of the Mortgage Loans in Pool 4, 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
90.25% of the Mortgage Loans in Pool 1, at least
91.50% of the Mortgage Loans in Pool 2, at least
91.75% of the Mortgage Loans in Pool 3 and at
least 93.25% of the Mortgage Loans in Pool 4, 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
4.75% of the Mortgage Loans in Pool 1, no more
than 6.50% of the Mortgage Loans in Pool 2, no
more than 5.25% of the Mortgage Loans in Pool 3
and no more than 2.50% of the Mortgage Loans in
Pool 4, in each case by Scheduled Principal
Balance, are secured by condominiums and, as of
the Cut-off Date, no more than 2.00% of the
Mortgage Loans in Pool 1, no more than 1.00% of
the Mortgage Loans in Pool 2, no more than 0.75%
of the Mortgage Loans in Pool 3 and no more than
0.50% of the Mortgage Loans in Pool 4, in each
case by Scheduled Principal Balance, are secured
by two- to four-family residential properties. As
to each condominium or related Mortgage Loan, (a)
the related condominium is in a project that is
on the FNMA or FHLMC approved list, (b) the
related condominium is in a project that, upon
submission of appropriate application, could be
so approved by either FNMA or FHLMC, (c) the
related Mortgage Loan meets the requirements for
purchase by FNMA or FHLMC, (d) the related
Mortgage Loan is of the type that could be
approved for purchase by FNMA or FHLMC but for
the principal balance of the related Mortgage
Loan or the pre-sale requirements or (e) the
related Mortgage Loan has been approved by a
nationally recognized mortgage pool insurance
company for coverage under a mortgage pool
insurance policy issued by such insurer. As of
the Cut-off Date, no more than 0.50% of the
Mortgage Loans in Pool 1, no more than 0.50% of
the Mortgage Loans in Pool 2, no more than 0.50%
of the Mortgage Loans in Pool 3 and no more than
0.50% of the Mortgage Loans in Pool 4, 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
0.25% of the Mortgage Loans in Pool 1, no more
than 0.25% of the Mortgage Loans in Pool 2, none
of the Mortgage Loans in Pool 3 and no more than
0.25% of the Mortgage Loans in Pool 4, 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 $20,000 to
$1,400,000, the original principal balances of
the Mortgage Loans in Pool 2 range from $60,000
to $1,100,000, the original principal balances of
the Mortgage Loans in Pool 3 range from
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$25,450 to $987,500 and the original principal
balances of the Mortgage Loans in Pool 4 range
from $54,000 to $1,260,000.
(xxii) As of the Cut-off Date, no more than
1.00% of the Mortgage Loans in Pool 1, no more
than 1.25% of the Mortgage Loans in Pool 2, no
more than 3.25% of the Mortgage Loans in Pool 3
and no more than 1.50% of the Mortgage Loans in
Pool 4, in each case by Scheduled Principal
Balance, are secured by second homes, no more
than 1.00% of the Mortgage Loans in Pool 1, no
more than 0.75% of the Mortgage Loans in Pool 2,
no more than 0.50% of the Mortgage Loans in Pool
3 and no more than 1.00% of the Mortgage Loans in
Pool 4, in each case by Scheduled Principal
Balance, are secured by investor-owned
properties, and, as of the Cut-off Date, no more
than 0.25% of the Mortgage Loans in Pool 1, no
more than 0.25% of the Mortgage Loans in Pool 2
and no more than 1.00% of the Mortgage Loans in
Pool 3 and no more than 0.50% of the Mortgage
Loans in Pool 4, 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
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bond is in place to provide funds for this
purpose and such completion shall be accomplished
within 120 days after weather conditions permit
the commencement thereof;
(xxvii) As of the Closing Date, each
Mortgage Loan is a "qualified mortgage" as
defined in Section 860G(a)(3) of the Code;
(xxviii) As of the Closing Date, the Company
possesses the Document File with respect to each
Mortgage Loan, and, other than with respect to
Cooperative Loans, the related Mortgages and
intervening assignment or assignments of
Mortgages, if any, have been delivered to a title
insurance company for recording;
(xxix) As of the Cut-Off Date, no more than
0.50% of the Mortgage Loans in Pool 1, none of
the Mortgage Loans in Pool 2, none of the
Mortgage Loans in Pool 3 and none of the Mortgage
Loans in Pool 4, 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
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(xxx) With respect to each Mortgage Loan
identified on Exhibit C as having been originated
or acquired under the Company's Enhanced
Streamlined Refinance program, the value of the
related Mortgaged Property, as of the date of
such origination or acquisition under the
Company's Enhanced Streamlined Refinance program,
is no less than the value thereof established at
the time the mortgage loan that is the subject of
the refinancing was originated.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in-lending or similar
statute, and the Trustee or 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
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<PAGE>
(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 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, (iii) in the case
of the Pool 3 Certificates, the entire beneficial ownership of
the Pool 3 Trust Fund, and (iv) in the case of the Pool 4
Certificates, the entire beneficial ownership of the Pool 4 Trust
Fund.
Section 2.05. The REMICs; Designations under the REMIC
Provisions. (a) (i) For federal income tax purposes, the Pool 1
Trust Fund shall consist of two REMICs, the related Lower Tier
REMIC and the related Upper Tier REMIC. The Pool 1 Certificates,
other than the Class 1-RL Certificate, shall be issued by the
Upper Tier REMIC in respect of Pool 1, and the Class 1-RL
Certificate shall be issued by the Lower Tier REMIC in respect of
Pool 1. The Lower Tier REMIC in respect of Pool 1 shall be
evidenced by the Class 1-RL Certificate and the regular interests
having the characteristics and terms set forth in the following
table for Pool 1, which interests (other than the Class 1-RL
Certificate) shall be
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issued by the Lower Tier REMIC in respect of Pool 1 to the
Trustee. The Lower Tier Interests in respect of Pool 1 and the
proceeds thereof shall be assets of the Upper Tier REMIC in
respect of Pool 1. Principal of and interest on the Lower Tier
Interests in respect of Pool 1 shall be allocated to the
Corresponding Classes of Certificates (or Components) in the
manner set forth in the following table, and (ii) for federal
income tax purposes, the Pool 2 Trust Fund shall consist of two
REMICs, the related Lower Tier REMIC and the related Upper Tier
REMIC. The Pool 2 Certificates, other than the Class 2-RL
Certificate, shall be issued be issued by the Upper Tier REMIC in
respect of Pool 2, and the Class 2-RL Certificate shall be issued
by the Lower Tier REMIC in respect of Pool 2. The Lower Tier
REMIC in respect of Pool 2 shall be evidenced by the Class 2-RL
Certificate and the regular interests having the characteristics
and terms set forth in the following table for Pool 2, which
interests (other than the Class 2-RL Certificate) shall be issued
by the Lower Tier REMIC in respect of Pool 2 to the Trustee. The
Lower Tier Interests in respect of Pool 2 and the proceeds
thereof shall be assets of the Upper Tier REMIC in respect of
Pool 2. Principal of and interest on the Lower Tier Interests in
respect of Pool 2 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
-------- ------------ ------------- --------- ---------
Pool 1:
1-A1 $53,290,000.00 6.75% 1-A1 (2)
1-A2 39,687,000.00 6.75 1-A2 (2)
1-A3 43,496,000.00 6.75 1-A3 (2)
1-A4 33,220,000.00 6.75 1-A4 1-A4
1-A5 13,974,000.00 6.75 1-A5 1-A5
1-A7 93,271,000.00 6.75 1-A7 1-A7
1-A8 38,202,219.00 (3) 1-A8 1-A8
1-A9 9,904,279.00 (3) 1-A9 1-A9
1-A10 116,705.00 6.75 1-A10 1-A10
1-A11 28,341,750.00 (3) 1-A11 1-A11
1-A12 9,447,250.00 (3) 1-A12 1-A12
1-A13 20,199,000.00 6.75 1-A13 1-A13
1-A14 625,797.00 6.75 1-A14 1-A14
1-PO 859,424.52 0.00 1-PO N/A
1-M 7,412,000.00 6.75 1-M 1-M
1-B1 3,205,500.00 6.75 1-B1 1-B1
1-B2 1,803,000.00 6.75 1-B2 1-B2
1-B3 1,603,000.00 6.75 1-B3 1-B3
1-B4 801,000.00 6.75 1-B4 1-B4
1-B5 1,202,871.10 6.75 1-B5 1-B5
1-R 50.00 6.75 1-R 1-R
Pool 2:
2-A1 $42,800,000.00 6.75% 2-A1 (4)
2-A2 23,450,000.00 6.75 2-A2 (4)
2-A4 69,660,000.00 (5) 2-A4 2-A4
2-A5 13,416,000.00 (5) 2-A5 2-A5
2-A6 4,644,000.00 (5) 2-A6 2-A6
2-A7 5,361,000.00 6.75 2-A7 2-A7
2-A8 986,000.00 6.75 2-A8 2-A8
2-A9 31,800,000.00 6.75 2-A9 2-A9
2-PO 114,033.61 0.00 2-PO N/A
2-M 3,703,000.00 6.75 2-M 2-M
2-B1 1,502,000.00 6.75 2-B1 2-B1
2-B2 801,000.00 6.75 2-B2 2-B2
2-B3 801,000.00 6.75 2-B3 2-B3
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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-B4 401,000.00 6.75 2-B4 2-B4
2-B5 801,080.75 6.75 2-B5 2-B5
2-R 100.00 6.75 2-R 2-R
- -------------------
(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) On each Distribution Date, interest accrued on each of Lower
Tier Interest 1-A1, 1-A2 and 1-A3 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 to each such Lower Tier
Interest shall be allocated to such Class; and (y) the excess of
each such amount shall be allocated to the Class 1-A6
Certificates.
(3) Lower Tier Interests 1-A8, 1-A9, 1-A11 and 1-A12 shall each
bear interest at the Certificate Interest Rate of their
respective Corresponding Class of Certificates.
(4) On each Distribution Date, interest accrued on each of Lower
Tier Interests 2-A1 and 2-A2 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 to each such Lower Tier Interest
shall be allocated to such Class; and (y) the excess of each such
amount shall be allocated to the Class 2-A3 Certificates.
(5) Lower Tier Interests 2-A4, 2-A5 and 2-A6 shall each bear
interest at the Certificate Interest Rate of their respective
Corresponding Class of Certificates.
(i) The Lower Tier Interests shall be issued
as non-certificated interests. The Class 1-RL and
Class 2-RL Certificates shall be issued in fully
registered certificated form and shall be
executed and countersigned as provided in Section
5.01 hereof.
(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) (A) 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 1-RL
Certificates any amounts (other than the amounts
described in clauses (x) and (y) of the
definition of Available Funds for Pool 1)
remaining in the Lower Tier REMIC in
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respect to Pool 1 after all amounts required to
be applied pursuant to Section 2.05(a)(ii) have
been so applied. Any distributions pursuant to
this clause (a)(iii)(A) shall not reduce the
Class Certificate Principal Balance of the Class
1-RL Certificate, and (B) 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 Available Funds for Pool 2)
remaining in the Lower Tier REMIC in respect of
Pool 2 after all amounts required to be applied
pursuant to Section 2.05(a)(ii) have been so
applied. Any distributions pursuant to this
clause (a)(iii)(B) shall not reduce the Class
Certificate Principal Balance of the Class 2-RL
Certificate.
(b) (i) The Company hereby designates the Lower Tier
Interests in respect of Pool 1 identified in Section 2.05(a)
above as "regular interests," and the Class 1-RL Certificate as
the single class of "residual interests," in the Lower Tier REMIC
in respect of Pool 1 for purposes of the REMIC Provisions. The
Company hereby designates the Classes of Pool 1 Certificates
identified in Section 5.01(b), other than the related Residual
Certificates, as "regular interests," and the Class 1-R
Certificate as the single class of "residual interests," in the
Upper Tier REMIC in respect of Pool 1 for purposes of the REMIC
Provisions.
(ii) The Company hereby designates the Lower Tier
Interests in respect of Pool 2 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 in respect of Pool 2 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 in respect of Pool 2 for purposes of the REMIC
Provisions.
(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 the
Pool 3 Trust Fund established hereunder for REMIC purposes.
(iv) The Company hereby designates the Pool 4
Certificates, other than the Class 4-R Certificates, as
"regular interests," and the Class 4-R Certificates as the
single class of "residual interests," in the REMIC for the
Pool 4 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
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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-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, Pool 3 Trust Fund or Pool 4 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, Pool 3 Certificates and Pool 4 Certificates shall
have interests exclusively in the Pool 1 Trust Fund, Pool 2 Trust
Fund, Pool 3 Trust Fund and Pool 4 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 four 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 (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 each of the Upper Tier and Lower Tier REMIC in respect
of Pool 1, in the case of Pool 1, each of the Upper Tier and
Lower Tier REMIC in
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respect of Pool 2, in the case of Pool 2, the Pool 3 Trust Fund,
in the case of Pool 3, and the Pool 4 Trust Fund, in the case of
Pool 4, and the respective Holders of the related Residual
Certificates and that in such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed
with the Internal Revenue Service and applicable state
or local tax authorities income tax or information
returns for each taxable year with respect to each
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);
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(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;
(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 1 and Pool 2,
exercise reasonable care not to allow the creation of
any "interests" (A) in the related 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 1-RL and Class 2-RL Certificates,
respectively, and (B) in the related Lower Tier REMIC
within the meaning of Section 860D(a)(2) of the Code
in addition to the interests represented by the
related Lower Tier Interests identified in Section
2.05(a) and the Class 1-RL and Class 2-RL
Certificates, respectively;
(ix) with respect to Pool 3 and Pool 4, exercise
reasonable care not to allow the creation of any
"interests" in the related REMIC constituted by the
Pool 3 Trust Fund and the Pool 4 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
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(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.
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]
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(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
Trustee under this Agreement is intended by the parties to be
that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the 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
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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:
(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;
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(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with
respect to any Pledged Asset Mortgage Loan pursuant to
the liquidation of any Additional Collateral or
pursuant to any recovery under the Surety Bond in
accordance with Section 4.09.
The foregoing requirements respecting credits to each Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in either Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the Business
Day prior to each Distribution Date on which amounts are required
to be transferred to the 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,
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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
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
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Mortgage Loan Payment Record for the following purposes (in each
case as to the Mortgage Loans in the related Mortgage Pool):
(i) To reimburse the Company or the applicable
Primary Servicer for Liquidation Expenses theretofore
incurred in respect of any Mortgage Loan in an amount
not to exceed the amount of the related Liquidation
Proceeds credited to such Mortgage Loan Payment Record
pursuant to Section 3.02(b)(iii); provided that the
Company or the applicable Primary Servicer shall not
be entitled to reimbursement for Liquidation Expenses
incurred after the initiation of foreclosure
proceedings in respect of any Defaulted Mortgage Loan
that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable
Primary Servicer for Insured Expenses and amounts
expended by it pursuant to Section 3.08 in good faith
in connection with the restoration of property damaged
by an Uninsured Cause, in an amount not to exceed the
amount of the related Insurance Proceeds and
Liquidation Proceeds (net of any debits pursuant to
clause (i) above) and amounts representing proceeds of
other insurance policies covering the property subject
to the related Mortgage credited to such Mortgage Loan
Payment Record pursuant to Section 3.02(b) (iii) and
(iv);
(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);
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(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 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.
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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 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
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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 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.
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(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the 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
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
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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, the Class 3-B5 Certificates or the
Class 4-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 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
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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, the Class 3-B4
Certificates or the Class 4-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 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.
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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.
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.
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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 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,
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together, comply with the requirements from time to time of FNMA
for persons performing servicing for mortgage loans purchased by
such association.
Section 3.16. Optional Purchase of Defaulted Mortgage Loans.
The Company shall have the right, but not the obligation, to
purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
ARTICLE IV.
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution Date,
the Trustee shall withdraw the Available Funds in respect of Pool
1 from the 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 Accrued
Certificate Interest on the Class 1-A10 and Class
1-A14 Certificates for such Distribution Date shall be
applied in the manner provided in Section 4.01(h); and
provided further, 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 (or
added to the balance thereof) 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 Unpaid
Class Interest Shortfall for the Class 1-A10 and Class
1-A14 Certificates for such Distribution Date shall be
applied in the manner provided in Section 4.01(h); and
provided further, 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, as set forth in Exhibit
O-1 hereto; provided, however, that references to the
"Pool 1 Scheduled Balances Table" shall mean the
Principal Balance Schedules and terms defined therein
shall have the meanings ascribed thereto in Article I
hereof;
(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;
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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;
(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;
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(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
(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 Accrued
Certificate Interest on the Class 2-A7 and Class 2-A8
Certificates for such Distribution Date shall be
applied in the manner provided in Section 4.01(h); and
provided further, 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 (or
added to the balance thereof) 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 Unpaid
Class Interest Shortfall for the Class 2-A7 and Class
2-A8 Certificates for such Distribution Date shall be
applied in the manner provided in Section 4.01(h); and
provided further, that any
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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, as set forth in Exhibit
O-2 hereof, without regard to the use therein of the
word "approximate" or any variation thereof; provided,
however, that references to the "Pool 2 Scheduled
Balances Table" shall mean the Principal Balance
Schedule and terms defined therein shall have the
meanings ascribed thereto in Article I hereof;
(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;
(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;
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(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;
(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
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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, as set forth in Exhibit
O-3 hereto, without regard to the use therein of the
word "approximate" or any variation thereof and terms
defined therein shall have the meanings ascribed
thereto in Article I hereof;
(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;
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(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;
(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
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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
withdraw the Available Funds in respect of Pool 4 from the Pool 4
Certificate Account and shall make distributions to Holders of
the Pool 4 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 4;
(i) to each Class of Pool 4 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 4 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 4 Senior
Certificates in reduction of the Class Certificate
Principal Balances thereof, as set forth in Exhibit
O-4 hereto, without regard to the use therein of the
word "approximate" and any variation thereof and terms
defined therein shall have the meanings ascribed
thereto in Article I hereof;
(iv) to the Class 4-PO Certificates, the Class
4-PO Principal Distribution Amount for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to zero;
(v) to the Class 4-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 4 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 4-PO Certificates pursuant to this clause
(iv) shall not reduce the Class Certificate Principal
Balance thereof;
(vi) to the Class 4-M Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(vii) to the Class 4-M Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
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(viii) to the Class 4-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 4 Certificates
on such Distribution Date;
(ix) to the Class 4-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(x) to the Class 4-B1 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xi) to the Class 4-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 4 Certificates on such
Distribution Date;
(xii) to the Class 4-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xiii) to the Class 4-B2 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xiv) to the Class 4-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 4 Certificates
on such Distribution Date;
(xv) to the Class 4-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xvi) to the Class 4-B3 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xvii) to the Class 4-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 4 Certificates
on such Distribution Date;
(xviii) to the Class 4-B4 Certificates, the
Accrued Certificate Interest thereon for such
Distribution Date;
(xix) to the Class 4-B4 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xx) to the Class 4-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 4 Certificates on such
Distribution Date;
(xxi) to the Class 4-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
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(xxii) to the Class 4-B5 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date; and
(xxiii) to the Class 4-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 4 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).
(e) On each Distribution Date, the Trustee shall
distribute to the holder of the Class 1-R Certificate, any
remaining amounts in the Upper Tier REMIC in respect of Pool 1,
to the holder of the Class 2-R Certificate, any remaining amounts
in the Upper Tier REMIC in respect of Pool 2, to the holder of
the Class 3-R Certificate, any remaining Available Funds in
respect of Pool 3, and to the holder of the Class 4-R
Certificate, any remaining Available Funds in respect of Pool 4,
in each case, for such Distribution Date after application of all
amounts described in clauses (a), (b), (c) and (d) 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, and Pool 4, in
the case of the Class 4-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(i). Any distributions pursuant to this clause (e)
shall not reduce the Class Certificate Principal Balance of the
related Residual Certificates.
(f) 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
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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).
If on any Distribution Date the Class Certificate
Principal Balances of the Pool 4 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 4
Senior Certificates (other than the Class 4-PO Certificates)
pursuant to Section 4.01(d)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 4 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(d)(iii).
(g) 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, Section 4.01(c), in the case of the Pool 3
Certificates, or Section 4.01(d), in the case of the Pool 4
Certificates, have been distributed, such amounts shall be
distributed on such Distribution Date to the remaining Classes of
Junior Certificates of such Certificate Group in order of
priority, such that no such distribution shall be made to any
Class of Junior Certificates while a prior such Class of the
related Certificate Group is outstanding.
(h) (i) On each Distribution Date through the Accretion
Termination Date with respect to the Class 1-A10 Certificates,
amounts allocable to the Class 1-A10 Certificates pursuant to
clauses (a)(i) and (a)(ii) of this Section 4.01 shall not be
distributable to the Class 1-A10 Certificates pursuant to such
clauses but shall instead be (A) added to the Class Certificate
Principal Balance thereof to the extent of the related Accrual
Amount for such Distribution Date, and (B) distributed to, and in
reduction of Certificate Principal Balances of, the following
Classes of Certificates, before any distributions are made
pursuant to Section 4.01(a)(iii), in the following order of
priority:
first, pro rata to the Class 1-A8 and Class
1-A9 Certificates, up to an amount necessary to
reduce the aggregate Class Certificate Principal
Balance of such Classes to the Aggregate Pool 1 TAC
Balance for such Distribution Date; and
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second, to the Class 1-A10 Certificates, until
the Class Certificate Principal Balance thereof has
been reduced to zero.
On each Distribution Date occurring after the Accretion
Termination Date with respect to the Class 1-A10 Certificates,
amounts allocable to the Class 1-A10 Certificates pursuant to
clauses (a)(i) and (a)(ii) of this Section 4.01 shall be
distributable on such Distribution Date pursuant to such clauses
to Holders of the Class 1-A10 Certificates as Accrued Certificate
Interest.
(ii) On each Distribution Date through the
Accretion Termination Date with respect to the
Class 1-A14 Certificates, amounts allocable to
the Class 1-A14 Certificates pursuant to clauses
(a)(i) and (a)(ii) of this Section 4.01 shall not
be distributable to the Class 1-A14 Certificates
pursuant to such clauses but shall instead be (A)
added to the Class Certificate Principal Balance
thereof to the extent of the related Accrual
Amount for such Distribution Date, and (B)
distributed to, and in reduction of Certificate
Principal Balances of, the following Classes of
Certificates, before any distributions are made
pursuant to Section 4.01(a)(iii), in the
following order of priority:
first, to the Class 1-A13 Certificates, up to
an amount necessary to reduce the Class Certificate
Principal Balance of such Class to the Class 1- A13
Scheduled Balance for such Distribution Date; and
second, to the Class 1-A14 Certificates, until
the Class Certificate Principal Balance thereof has
been reduced to zero.
On each Distribution Date occurring after the Accretion
Termination Date with respect to the Class 1-A14 Certificates,
amounts allocable to the Class 1-A14 Certificates pursuant to
clauses (a)(i) and (a)(ii) of this Section 4.01 shall be
distributable on such Distribution Date pursuant to such clauses
to Holders of the Class 1-A14 Certificates as Accrued Certificate
Interest.
(iii) On each Distribution Date through the
Accretion Termination Date with respect to the
Class 2-A7 and Class 2-A8 Certificates, amounts
allocable to the Class 2-A7 and Class 2-A8
Certificates pursuant to clauses (b)(i) and
(b)(ii) of this Section 4.01 shall not be
distributable to the Class 2-A7 and Class 2-A8
Certificates pursuant to such clauses but shall
instead be (A) added to the respective Class
Certificate Principal Balance thereof to the
extent of the related Accrual Amount for such
Distribution Date, and (B) distributed to, and in
reduction of the Certificate Principal Balances
of, the following Classes of Certificates, before
any distribution are made pursuant to Section
4.01(b)(iii), in the following order of priority:
first, pro rata to the Class 2-A4, Class 2-A5
and Class 2-A6 Certificates, up to the amount
necessary to reduce the respective Class
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Certificate Principal Balances of such Classes to
their respective TAC Balances for such Distribution
Date;
second, to the Class 2-A7 Certificates, in
reduction of the Class Certificate Principal
Balance thereof, until the Class Certificate
Principal
Balance thereof has been reduced to zero;
third, pro rata to the Class 2-A4, Class 2-A5
and Class 2-A6 Certificates, without regard to
their respective TAC Balances, until the Class
Certificate Principal Balances thereof have each
been reduced to zero; and
fourth, to the Class 2-A8 Certificates, until
the Class Certificate Principal Balance thereof has
been reduced to zero.
On each Distribution Date occurring after the Accretion
Termination Date with respect to the Class 2-A7 and Class 2-A8
Certificates, amounts allocable to the Class 2-A7 and Class 2-A8
Certificates pursuant to clauses (b)(i) and (b)(ii) of this
Section 4.01 shall be distributable on such Distribution Date
pursuant to such clauses to Holders of the Class 2-A7 and Class
2-A8 Certificates as Accrued Certificate Interest.
(i) 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
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
(i). 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(i). Any
distributions made pursuant to this Section 4.01(i) 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
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a Class of Class PO Certificates, based on the applicable PO
Percentage of the principal portion of the Realized Loss
previously allocated thereto with respect to such Mortgage Loan
(or all Mortgage Loans for purposes of the next to last sentence
of the preceding paragraph), and (ii) with respect to any other
Class of Certificates, based on its pro rata share (in proportion
to the Class Certificate Principal Balances thereof with respect
to such Distribution Date) of the applicable Non-PO Percentage of
the principal portion of any such Realized Loss previously
allocated with respect to such Mortgage Loan (or Loans);
provided, however, that (i) the share of an Unanticipated
Recovery allocable to a Class PO Certificate with respect to any
Mortgage Loan (or Loans) shall be reduced by the aggregate amount
previously distributed to such Class on account of the applicable
Class PO Deferred Amount in respect of such Mortgage Loan (or
Loans) and (ii) the amount by which the distributions to the
Class PO Certificates have been so reduced shall be distributed
to the Classes of Certificates of the related Certificate Group
described in clause (ii) of the preceding paragraph in the same
proportion as described in such clause (ii). For purposes of the
preceding sentence, any Class PO Deferred Amount distributed to a
Class PO Certificate on previous Distribution Dates shall be
deemed to have been allocated in respect of the Mortgage Loans as
to which the applicable PO Percentage of the principal portion of
Realized Losses has previously been allocated to such Class on a
pro rata basis (based on the amount of Realized Losses so
allocated).
Section 4.02. Method of Distribution. (a) All distributions
with respect to each Class of Certificates on each Distribution
Date shall be made pro rata among the outstanding Certificates of
such Class, based on the Percentage Interest in such Class
represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
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
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applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to each
Determination Date, the Company shall determine the amount of any
Realized Loss in respect of each Mortgage Loan 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;
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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:
(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
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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;
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
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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 4 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
4-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 4-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 4-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 4-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 4-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 4-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 4-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 4 Senior
Certificates other than the Class 4-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, to the Class 3-PO
Certificates, in the case of Pool 3, and to the
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Class 4-PO Certificates, in the case of Pool 4, 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, to each Class of Pool 3 Certificates other than the
Class 3-PO Certificates, in the case of Pool 3, and to each Class
of Pool 4 Certificates other than the Class 4-PO Certificates, in
the case of Pool 4, pro rata, based on the respective Class
CertificatePrincipal Balances thereof; provided, that any such
loss allocated to any Class of Accrual Certificates (and any
Accrual Component) shall be allocated (subject to Section
4.03(d)) on the basis of the lesser of (x) the Class Certificate
Principal Balance (or Component Principal Balance) thereof
immediately prior to the applicable Distribution Date and (y) the
Class Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by any Realized
Losses previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses in respect of Pool 1 to be
allocated to the Class 1-PO Certificates on such Distribution
Date will be taken into account in determining distributions in
respect of any related Class PO Deferred Amount for such date,
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,
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,
and the aggregate amount of Realized Losses in respect of Pool 4
to be allocated to the Class 4-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
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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 1 Certificates or a Class of Pool 2 Certificates (or
Component), or of any Subordinate Certificate Writedown Amount to
a Class of Subordinate Certificates in Pool 1 or Pool 2,
respectively, 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 (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
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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);
(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;
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(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 Class 2-A9 Scheduled
Distribution Percentage, the Class 2-A9 Prepayment
Distribution Percentage, the Class 2-A9 Percentage,
the Class 3-A3 Prepayment Distribution Percentage, the
Class 3-A3 Percentage, the Class 4-A4 Distribution
Percentage and the Class 4-A4 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.
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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 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
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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,
the Pool 3 Certificates and the Pool 4 Certificates shall be
issued in aggregate Initial Certificate Principal Balances of
$400,661,895.62, $200,222,314.36, $176,002,356.26 and
$201,364,346.26, 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 $53,290,000.00 6.50% $ 25,000
Class 1-A2 39,687,000.00 6.60 25,000
Class 1-A3 43,496,000.00 6.70 25,000
Class 1-A4 33,220,000.00 6.75 25,000
Class 1-A5 13,974,000.00 6.75 25,000
Class 1-A6 (1) 6.75 121,000
Class 1-A7 93,271,000.00 6.75 25,000
Class 1-A8 38,202,219.00 (2) 25,000
Class 1-A9 9,904,279.00 (2) 25,000
Class 1-A10 116,705.00 6.75 25,000
Class 1-A11 28,341,750.00 (2) 25,000
Class 1-A12 9,447,250.00 (2) 25,000
Class 1-A13 20,199,000.00 6.75 25,000
Class 1-A14 625,797.00 6.75 25,000
Class 1-PO 859,424.52 0.00 (3)
Class 1-M 7,412,000.00 6.75 100,000
Class 1-B1 3,205,500.00 6.75 100,000
Class 1-B2 1,803,000.00 6.75 100,000
Class 1-B3 1,603,000.00 6.75 250,000
Class 1-B4 801,000.00 6.75 250,000
Class 1-B5 1,202,871.10 6.75 250,000
Class 1-R 50.00 6.75 100
Class 1-RL 50.00 6.75 100
Pool 2
Class 2-A1 $42,800,000.00 6.60 25,000
Class 2-A2 23,450,000.00 6.55 25,000
Class 2-A3 (4) 6.75 139,000
Class 2-A4 69,660,000.00 (2) 25,000
Class 2-A5 13,416,000.00 (2) 25,000
Class 2-A6 4,644,000.00 (2) 25,000
Class 2-A7 5,361,000.00 6.75 25,000
Class 2-A8 968,000.00 6.75 25,000
Class 2-A9 31,800,000.00 6.75 25,000
Class 2-PO 114,033.61 0.00 (3)
Class 2-M 3,703,000.00 6.75 100,000
Class 2-B1 1,502,000.00 6.75 100,000
Class 2-B2 801,000.00 6.75 100,000
Class 2-B3 801,000.00 6.75 250,000
Class 2-B4 401,000.00 6.75 250,000
Class 2-B5 801,080.75 6.75 250,000
Class 2-R 100.00 6.75 100
Class 2-RL 100.00 6.75 100
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Initial Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ------------- ----------- -------------
Pool 3
Class 3-A1 $37,700,000.00 6.50 25,000
Class 3-A2 2,300,000.00 6.50 25,000
Class 3-A3 10,000,000.00 6.50 25,000
Class 3-A4 121,818,119.00 6.50 25,000
Class 3-PO 664,090.01 0.00 (3)
Class 3-M 1,320,017.00 6.50 100,000
Class 3-B1 440,005.00 6.50 100,000
Class 3-B2 440,005.00 6.50 100,000
Class 3-B3 792,010.00 6.50 25,000
Class 3-B4 264,003.00 6.50 25,000
Class 3-B5 264,007.25 6.50 25,000
Class 3-R 100.00 6.50 100
Pool 4
Class 4-A1 $71,750,000.00 6.75 25,000
Class 4-A2 11,149,185.00 (2) 25,000
Class 4-A3 3,716,395.00 (2) 25,000
Class 4-A4 20,140,000.00 6.75 25,000
Class 4-A5 45,100,000.00 6.75 25,000
Class 4-A6 19,500,000.00 6.75 25,000
Class 4-A7 3,125,000.00 7.00 1,000
Class 4-A8 3,125,000.00 6.50 1,000
Class 4-A9 3,300,000.00 6.75 1,000
Class 4-A10 3,100,000.00 7.00 1,000
Class 4-A11 3,100,000.00 6.50 1,000
Class 4-A12 3,750,000.00 6.75 1,000
Class 4-A13 2,124,900.00 6.75 1,000
Class 4-PO 329,191.69 0.00 (3)
Class 4-M 3,725,240.00 6.75 100,000
Class 4-B1 1,610,914.00 6.75 100,000
Class 4-B2 906,139.00 6.75 100,000
Class 4-B3 805,457.00 6.75 250,000
Class 4-B4 402,728.00 6.75 250,000
Class 4-B5 604,096.57 6.75 250,000
Class 4-R 100.00 6.75 100
- -------------------
(1) The Class 1-A6 Certificates are issued with an initial
Notional Principal Balance of $3,177,829.00.
(2) The Certificate Interest Rates of the Class 1-A8, Class
1-A9, Class 1-A11, Class 1-A12, Class 2-A4, Class 2-A5,
Class 2-A6, Class 4-A2 and Class 4-A3 Certificates for each
Interest Accrual Period shall be determined as provided in
Section 5.01(e).
(3) Each of the Class PO Certificates will be issued as a single
certificate evidencing the entire Class Certificate
Principal Balance of such Class.
(4) The Class 2-A3 Certificates are issued with an initial
Notional Principal Balance of $1,645,926.
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(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
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class 1-A8 Certificates shall be
6.156% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class 1-A8 Certificates
shall be a per annum rate equal to the lesser of (i) 0.50% plus
LIBOR and (ii) 8.50%, subject to a minimum rate of 0.50%. During
the first Interest Accrual Period, the Certificate Interest Rate
of the Class 1-A9 Certificates shall be 9.041143% per annum. For
each subsequent Interest Accrual Period, the Certificate Interest
Rate of the Class 1-A9 Certificates shall be a per annum rate
equal to the lesser of (i) 30.857143% minus the product of
3.857143 and LIBOR, and (ii) 30.857143%, subject to a minimum
rate of 0.00%. During the first Interest Accrual Period, the
Certificate Interest Rate of the Class 1-A11 Certificates shall
be 6.356% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class 1-A11 Certificates
shall be a per annum rate equal to the lesser of (i) 0.70% plus
LIBOR and (ii) 9%, subject to a minimum rate of 0.70%. During the
first Interest Accrual Period, the Certificate Interest Rate of
the Class 1-A12 Certificates shall be 7.932% per annum. For each
subsequent Interest Accrual Period, the Certificate Interest Rate
of the Class 1-A12 Certificates shall be a per annum rate equal
to the lesser of (i) 24.90% minus the product of 3.0 and LIBOR,
and (ii) 24.90%, subject to a minimum
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rate of 0.00%. During the first Interest Accrual Period, the
Certificate Interest Rate of the Class 2-A4 Certificates shall be
6.15% per annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class 2-A4 Certificates shall be
a per annum rate equal to the lesser of (i) 0.50% plus LIBOR and
(ii) 8.50%, subject to a minimum rate of 0.50%. During the first
Interest Accrual Period, the Certificate Interest Rate of the
Class 2-A5 Certificates shall be 9.60575% per annum. For each
subsequent Interest Accrual Period, the Certificate Interest Rate
of the Class 2-A5 Certificates shall be a per annum rate equal to
the lesser of (i) 38.94230% minus the product of 5.19231 and
LIBOR, and (ii) 38.94230%, subject to a minimum rate of 0.00%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class 2-A6 Certificates shall be 7.500% per
annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class 2-A6 Certificates shall be
a per annum rate equal to the lesser of (i) 120% minus the
product of 15 and LIBOR, and (ii) 7.50%, subject to a minimum
rate of 0.00%. During the first Interest Accrual Period, the
Certificate Interest Rate of the Class 4-A2 Certificates shall be
6.55625% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class 4-A2 Certificates
shall be a per annum rate equal to the lesser of (i) 0.90% plus
LIBOR and (ii) 9.00%, subject to a minimum rate of 0.90%. During
the first Interest Accrual Period, the Certificate Interest Rate
of the Class 4-A3 Certificates shall be 7.33125% per annum. For
each subsequent Interest Accrual Period, the Certificate Interest
Rate of the Class 4-A3 Certificates shall be a per annum rate
equal to the lesser of (i) 24.30% minus the product of 3.00 and
LIBOR, and (ii) 24.30%, 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
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that the transferee has the intention to impede the assessment or
collection of any federal, state or local taxes legally required
to be paid with respect to a Residual Certificate, and (iii)
conducted a reasonable investigation and found that the
transferee had historically paid its debts as they came due and
found no significant evidence to indicate that the transferee
will not continue to pay its debts as they become due. The
Residual Certificates shall bear a legend referring to the
foregoing restrictions contained in this paragraph and the
preceding paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold 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
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accept a written Opinion of Counsel (in form and substance
acceptable to the Trustee) that such proposed transfer may be
made pursuant to an exemption from the Act. As an additional
condition to any transfer of a Restricted Certificate, either (i)
the transferor and the transferee shall complete the form of
assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced Opinion of Counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the related
Private Placement Memorandum) or its nominee and (ii) the Class
PO Certificates to the Company or upon any subsequent transfer of
any Class PO Certificate by the Company, provided that if any
Restricted Junior Certificates are, at the request of the Initial
Purchaser, registered in the name of its nominee, the Initial
Purchaser shall be deemed to acknowledge and agree with the
Company and the Trustee that no transfer of a beneficial interest
in such Certificates will be made without registering such
Certificates in the name of the transferee, which shall be a
Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the
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 "plan assets" subject to the prohibited
transactions provisions of ERISA or Section 4975 of the Code and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of an ERISA-Restricted
Certificate by a Plan or a Person that is purchasing or holding
such a Certificate with the assets of a Plan will not constitute
or result in a prohibited transaction under ERISA or Section 4975
of the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the 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.
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(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.
(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
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have no liability for any transfer, including any transfer made
through the book-entry facilities of the Depository or between or
among Depository Participants or Certificate Owners, made in
violation of applicable restrictions set forth herein, except in
the event of the failure of the Trustee to perform its duties and
fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises the
Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default 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."
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Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
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.
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Section 5.06. Representation of Certain Certificateholders.
The fiduciary of any Plan which becomes a Holder of a
Certificate, by virtue of its acceptance of such Certificate,
will be deemed to have represented and warranted to the Trustee
and the Company that such Plan is an "accredited investor" as
defined in Rule 501(a)(1) of Regulation D promulgated by the
Securities and Exchange Commission under the Securities Act of
1933.
Section 5.07. Determination of COFI. (a) If the outstanding
Certificates include any COFI Certificates, then on each COFI
Determination Date the Trustee shall determine the value of COFI
on the basis of the most recently available Information Bulletin
referred to in the definition of "COFI". The establishment of
COFI by the Trustee and the Trustee's subsequent calculation of
the rates of interest applicable to the COFI Certificates for
each Interest Accrual Period shall (in the absence of manifest
error) be final and binding. During each Interest Accrual Period,
the Certificate Interest Rate for the COFI Certificates for the
current and immediately preceding Interest Accrual Period shall
be made available by the Trustee to Certificate Owners and
Certificateholders at the following telephone number: (617)
664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably 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
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to the Interest Settlement Rate. If such rate does not appear on
the Designated Telerate Page as of 11:00 a.m., London time, on
the applicable LIBOR Determination Date:
(i) The Trustee will request the principal London
office of each Reference Bank (as defined in Section
5.08(e)) to provide such bank's offered quotation
(expressed as a percentage per annum) to prime banks
in the London interbank market for one-month U.S.
Dollar deposits as of 11:00 a.m., London time, on the
applicable LIBOR Determination Date.
(ii) If on any LIBOR Determination Date, two or
more of the Reference Banks provide such offered
quotations, LIBOR for the next Interest Accrual Period
will be the arithmetic mean of such offered quotations
(rounding such arithmetic mean upwards, if necessary,
to the nearest whole multiple of 1/16%). If on any
LIBOR Determination Date only one or none of the
Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the rate
per annum the Trustee determines to be the arithmetic
mean (rounding such arithmetic mean upwards, if
necessary, to the nearest whole multiple of 1/16%) of
the one-month Eurodollar lending rate that three major
banks in New York City selected by the Trustee are
quoting as of approximately 11:00 a.m., New York City
time, on the first day of the applicable Interest
Accrual Period.
(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
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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.
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
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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 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
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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
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
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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 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
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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.
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:
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(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 with respect
to such Certificate Group shall be determined solely
by the express provisions of this Agreement, the
Trustee shall not be liable except for the performance
of such duties and obligations as are specifically set
forth in this Agreement, no implied covenants or
obligations shall be read into this Agreement against
the Trustee and, in the absence of bad faith on the
part of the Trustee, the Trustee may conclusively
rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon
any certificates or opinions furnished to the Trustee
and conforming to the requirements of this Agreement;
(ii) The Trustee shall not be personally liable
for an error of judgment made in good faith by a
Responsible Officer of the Trustee, unless it shall be
proved that the Trustee was negligent in performing
its duties in accordance with the terms of this
Agreement;
(iii) The Trustee shall not be personally liable
with respect to any action taken, suffered or omitted
to be taken by it in good faith in accordance with the
direction of the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%,
relating to the time, method and place of conducting
any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred
upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with
knowledge of (A) any failure by the Company to comply
with the obligations of the Company referred to in
clauses (i) and (ii) of Section 7.01, (B) the rating
downgrade referred to in the definition of "Trigger
Event" or (C) any failure by the Company to comply
with the obligations of the Company to record the
assignments of Mortgages referred to in Section 2.01
unless a Responsible Officer of the Trustee at the
Corporate Trust Office obtains actual knowledge of
such failures, occurrence or downgrade or the Trustee
receives written notice of such failures, occurrence
or downgrade from the Company or the Holders of
Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
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
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vested with the rights, duties, powers and privileges of, the
Company in accordance with the terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee. Except
as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall
be protected in acting or refraining from acting upon
any resolution, Officer's Certificate, certificate of
auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent,
order, appraisal, bond or other paper or document
believed by it to be genuine and to have been signed
or presented by the proper party or parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete
authorization and protection in respect of any action
taken or suffered or omitted by it hereunder in good
faith and in accordance with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by
this Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the
request, order or direction of any of the
Certificateholders, pursuant to the provisions of this
Agreement, unless such Certificateholders shall have
offered to the Trustee reasonable security or
indemnity against the costs, expenses and liabilities
which may be incurred therein or thereby; nothing
contained herein shall, however, relieve the Trustee
of the obligations, upon the occurrence of an Event of
Default (which has not been cured), to exercise such
of the rights and powers vested in it by this
Agreement, and to use the same degree of care and
skill in their exercise as a prudent person would
exercise or use under the circumstances in the conduct
of his or her own affairs;
(iv) The Trustee shall not be personally liable
for any action taken, suffered or omitted by it in
good faith and believed by it to be authorized or
within the discretion or rights or powers conferred
upon it by this Agreement;
(v) With respect to each Certificate Group and
prior to the occurrence of an Event of Default for
such 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
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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 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.
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Section 8.06. Eligibility Requirements for Trustee. The
Trustee hereunder shall at all times be a corporation having its
principal office either in the State of New York or in the same
state as that in which the initial Trustee under this Agreement
has its principal office and organized and doing business under
the laws of such State or the United States of America,
authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state
authority. If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for the
purposes of this Section 8.06, the combined capital and surplus
of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition
so published. The Trustee shall not be an affiliate of the
Company. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 8.06,
the Trustee shall resign immediately in the manner and with the
effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The Trustee
may at any time resign and be discharged from the trusts hereby
created 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 have been provided to the
Trustee, which notice shall set forth the basis for any rating
downgrade as contemplated by the Rating Agencies and shall also
indicate the manner in which such proposed action is intended to
avoid such downgrade. If it removes the Trustee under the
authority of the immediately preceding sentence, the Company
shall promptly appoint a successor trustee by written instrument,
in duplicate, one copy of which instrument shall be delivered to
the Trustee so removed and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
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Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of 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
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
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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 its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax Returns.
The Trustee shall at all times act in such a manner in the
performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC in respect of Pool 1 and
Lower Tier REMIC in respect of
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Pool 1, in the case of Pool 1, each of the Upper Tier REMIC in
respect of Pool 2 and Lower Tier REMIC in respect of Pool 2, in
the case of Pool 2, the Pool 3 Trust Fund, in the case of Pool 3,
and the Pool 4 Trust Fund, in the case of Pool 4, 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 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 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
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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 Upper Tier REMIC in respect of Pool 1 or
the Lower Tier REMIC in respect of Pool 1, in the case of Pool 1,
the Upper Tier REMIC in respect of Pool 2 or Lower Tier REMIC in
respect of Pool 2, in the case of Pool 2, the Pool 3 Trust Fund,
in the case of Pool 3, or the Pool 4 Trust Fund, in the case of
Pool 4, to fail to qualify as a REMIC at any time that any
Certificates are outstanding:
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(i) Within 90 days prior to the final
Distribution Date set forth in the notice given by the
Trustee under Section 9.01, the Company shall prepare
and the Trustee shall execute and adopt a plan of
complete liquidation for such REMIC 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 each of the Upper Tier REMIC in
respect of Pool 1 or the Lower Tier REMIC in respect of Pool 1,
in the case of Pool 1, each of the Upper Tier REMIC in respect of
Pool 2 or Lower Tier REMIC in respect of Pool 2, in the case of
Pool 2, the Pool 3 Trust Fund, in the case of Pool 3, or the Pool
4 Trust Fund, in the case of Pool 4, 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
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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 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 any
Trust Fund to tax or cause either of the Upper Tier REMIC in
respect of Pool 1 or the Lower Tier REMIC in respect of Pool 1,
in the case of Pool 1, either of the Upper Tier REMIC in respect
of Pool 2 or Lower Tier REMIC in respect of Pool 2, in the case
of Pool 2, the Pool 3 Trust Fund, in the case of Pool 3, or the
Pool 4 Trust Fund, in the case of Pool 4, 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.
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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.
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
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OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL
BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
IBCA, Inc., One State Street Plaza, New York, New York 10004,
Attention: Structured Finance Surveillance, and (d) in the case
of S&P, to Standard & Poor's Ratings Services, 26 Broadway, 15th
Floor, New York, New York 10004, Attention: Mortgage Surveillance
Group, or, as to each such Person, at such other address as shall
be designated by such Person in a written notice to each other
named Person. Any notice required or permitted to be mailed to a
Certificateholder shall be given by first class mail, postage
prepaid, at the address of such Holder as shown in the
Certificate Register. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder
receives such notice.
Section 10.06. Notices to the Rating Agencies. The Company
shall deliver written notice of the following events to each
Rating Agency promptly following the occurrence thereof: material
amendment to this Agreement; any Event of Default; any Trigger
Event; change in or termination of the Trustee; removal of the
Company or any successor servicer as servicer; repurchase or
replacement of any Defective Mortgage Loan pursuant to Section
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.
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* * *
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IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:____________________________
Name:
Title:
[SEAL]
Attest:
By:________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:____________________________
Name:
Title:
[SEAL]
Attest:
By:________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the 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 1998-12
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 $53,290,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLN3
August 25, 1998
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal
to the product of the Percentage Interest evidenced by this
Certificate and the aggregate amount required to be distributed
to Holders of Certificates of the same Class as this Certificate
pursuant to the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
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Pool 3 Trust Fund and twenty-one of which represent the entire
beneficial interest in the Pool 4 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.
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
4
<PAGE>
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 constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 1-R or Class 1-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 1-R or Class 1-RL 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 or
Class 1-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 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
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
5
<PAGE>
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.
6
<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:________________________
7
<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.
8
<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.
9
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $39,687,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.60% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLP8
August 25, 1998
10
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal
to the product of the Percentage Interest evidenced by this
Certificate and the aggregate amount required to be distributed
to Holders of Certificates of the same Class as this Certificate
pursuant to the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
11
<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.
12
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $43,496,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.70% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLQ6
August 25, 1998
13
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
14
<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.
15
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $33,220,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLR4
August 25, 1998
16
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
17
<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.
18
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $13,974,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLS2
August 25, 1998
19
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
20
<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.
21
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 Notional
Principal Balance:
Class 1-A6 $3,177,829
Certificate Interest Initial Notional Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLT0
August 25, 1998
22
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
23
<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.
24
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $93,271,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLU7
August 25, 1998
25
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
26
<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.
27
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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-A8 Certificate
Principal Balance:
Class 1-A8 $38,202,219
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLV5
August 25, 1998
28
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
29
<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.
30
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $9,904,279
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLW3
August 25, 1998
31
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
32
<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.
33
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $116,705
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLX1
August 25, 1998
34
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
35
<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.
36
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $28,341,750
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLY9
August 25, 1998
37
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal
to the product of the Percentage Interest evidenced by this
Certificate and the aggregate amount required to be distributed
to Holders of Certificates of the same Class as this Certificate
pursuant to the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
38
<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.
39
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $9,447,250
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RLZ6
August 25, 1998
40
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
41
<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.
42
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $20,199,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMA0
August 25, 1998
43
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
44
<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.
45
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $625,797
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMB8
August 25, 1998
46
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
47
<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 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
1 TRUST FUND.
48
<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 1998-12
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 $50.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMF9
August 25, 1998
49
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial
50
<PAGE>
interest in the Pool 3 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
51
<PAGE>
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 constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 1-R or Class 1-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 1-R or Class 1-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 1-R or Class 1-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 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
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
52
<PAGE>
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.
53
<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:___________________
54
<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.
55
<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-RL CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS LOWER-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
1 TRUST FUND.
56
<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 1998-12
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-RL Certificate
Principal Balance:
Class 1-RL $50.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMG7
August 25, 1998
57
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-RL 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
58
<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).
59
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $859,424.52
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
July 1, 1998
First Distribution Date:
August 25, 1998
60
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
61
<PAGE>
Pool 3 Trust Fund and twenty-one of which represent the entire
beneficial interest in the Pool 4 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.
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
62
<PAGE>
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 constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 1-R or Class 1-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 1-R or Class 1-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 1-R or Class 1-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 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
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
63
<PAGE>
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 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.
66
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN
CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
67
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $7,412,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMC6
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial
69
<PAGE>
interest in the Pool 3 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
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<PAGE>
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 constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 1-R or Class 1-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 1-R or Class 1-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 1-R or Class 1-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 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
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
71
<PAGE>
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.
72
<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:___________________
73
<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.
74
<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.
75
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $3,205,500
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMD4
August 25, 1998
76
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
77
<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.
78
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $1,803,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RME2
August 25, 1998
79
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
80
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
81
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $1,603,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNY7
August 25, 1998
82
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial
83
<PAGE>
interest in the Pool 3 and twenty-one of which represent the
entire beneficial interest in the Pool 4 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.
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
84
<PAGE>
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 constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 1-R or Class 1-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 1-R or Class 1-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 1-R or Class 1-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 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
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
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<PAGE>
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.
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<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
87
<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.
88
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by
the undersigned to a person whom the
undersigned reasonably believes is a
"qualified institutional buyer" (as defined
in Rule 144A under the Securities Act of
1933, as amended) pursuant to the exemption
from registration under the Securities Act
of 1933, as amended, provided by Rule 144A
thereunder.
|_| (b) This Certificate is being transferred by
the undersigned to an institutional
"accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D
under the Securities Act of 1933, as
amended) and that the undersigned has been
advised by the prospective purchaser that it
intends to hold this Certificate for
investment and not for distribution or
resale.
Dated
- ----------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
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
89
<PAGE>
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)
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 1998-12
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 $801,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNZ4
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal
to the product of the Percentage Interest evidenced by this
Certificate and the aggregate amount required to be distributed
to Holders of Certificates of the same Class as this Certificate
pursuant to the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
93
<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.
94
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $1,202,871.10
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RPA7
August 25, 1998
95
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal
to the product of the Percentage Interest evidenced by this
Certificate and the aggregate amount required to be distributed
to Holders of Certificates of the same Class as this Certificate
pursuant to the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-three classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates"), eighteen of which represent the entire beneficial
interest in the Pool 2 Trust Fund, twelve of which represent the
entire beneficial interest in the
96
<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.
97
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $42,800,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.60% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMH5
August 25, 1998
98
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal
to the product of the Percentage Interest evidenced by this
Certificate and the aggregate amount required to be distributed
to Holders of Certificates of the same Class as this Certificate
pursuant to the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial
99
<PAGE>
interest in the Pool 3 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
100
<PAGE>
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 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
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
101
<PAGE>
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.
102
<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:___________________
103
<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.
104
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE 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.
105
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $23,450,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.55% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMJ1
August 25, 1998
106
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
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 1998-12
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 Notional
Principal Balance:
Class 2-A3 $1,645,926
Certificate Interest Initial Notional Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMK8
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
110
<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.
111
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $69,660,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RML6
August 25, 1998
112
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
113
<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.
114
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $13,416,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMM4
August 25, 1998
115
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
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.
117
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $4,644,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMN2
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
119
<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.
120
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $5,361,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMP7
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
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 1998-12
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 $968,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMQ5
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
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 1998-12
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 $31,800,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMR3
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
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).
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.
129
<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 1998-12
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:
July 1, 1998
First Distribution Date: CUSIP: 36157RMV4
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial
131
<PAGE>
interest in the Pool 3 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
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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 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
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
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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:___________________
135
<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.
136
<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 LOWER-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.
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<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 1998-12
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:
July 1, 1998
First Distribution Date: CUSIP: 36157RMW2
August 25, 1998
138
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
139
<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).
140
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $114,033.61
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
July 1, 1998
First Distribution Date:
August 25, 1998
141
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial
142
<PAGE>
interest in the Pool 3 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
143
<PAGE>
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 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
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
144
<PAGE>
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.
145
<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:___________________
146
<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.
147
<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.
148
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $3,703,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMS1
August 25, 1998
149
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial
150
<PAGE>
interest in the Pool 3 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
151
<PAGE>
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 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
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
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<PAGE>
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.
153
<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:___________________
154
<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.
155
<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.
156
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $1,502,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMT9
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
158
<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.
159
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $801,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMU6
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal
to the product of the Percentage Interest evidenced by this
Certificate and the aggregate amount required to be distributed
to Holders of Certificates of the same Class as this Certificate
pursuant to the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
161
<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.
162
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $801,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RPB5
August 25, 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-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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"),twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial
164
<PAGE>
interest in the Pool 3 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
165
<PAGE>
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 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
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
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<PAGE>
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.
167
<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:___________________
168
<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.
169
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by
the undersigned to a person whom the
undersigned reasonably believes is a
"qualified institutional buyer" (as defined
in Rule 144A under the Securities Act of
1933, as amended) pursuant to the exemption
from registration under the Securities Act
of 1933, as amended, provided by Rule 144A
thereunder.
|_| (b) This Certificate is being transferred by
the undersigned to an institutional
"accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D
under the Securities Act of 1933, as
amended) and that the undersigned has been
advised by the prospective purchaser that it
intends to hold this Certificate for
investment and not for distribution or
resale.
Dated
- ---------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
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
170
<PAGE>
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)
171
<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.
172
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $401,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RPC3
August 25, 1998
173
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"),twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
174
<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.
175
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $801,081.75
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RPD1
August 25, 1998
176
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 2 Trust Fund (herein called the "Pool 2
Certificates"),twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, twelve of which
represent the entire beneficial interest in the
177
<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.
178
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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-A1 Certificate
Principal Balance:
Class 3-A1 $37,700,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMX0
August 25, 1998
179
<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-A1 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool
180
<PAGE>
2 Trust Fund and twenty-one of which represent the entire
beneficial interest in the Pool 4 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.
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
181
<PAGE>
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 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
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
182
<PAGE>
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.
183
<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:___________________
184
<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.
185
<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.
186
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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-A2 Certificate
Principal Balance:
Class 3-A2 $2,300,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMY8
August 25, 1998
187
<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-A2 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool 2
188
<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.
189
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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-A3 Certificate
Principal Balance:
Class 3-A3 $10,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RMZ5
August 25, 1998
190
<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-A3 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool 2
191
<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.
192
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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-A4 Certificate
Principal Balance:
Class 3-A4 $121,818,119
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNA9
August 25, 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 3-A4 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool 2
194
<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.
195
<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 1998-12
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:
July 1, 1998
First Distribution Date: CUSIP: 36157RNE1
Agust 25, 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 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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial
197
<PAGE>
interest in the Pool 2 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
198
<PAGE>
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 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
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
199
<PAGE>
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.
200
<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:___________________
201
<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.
202
<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).
203
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $664,090.01
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
July 1, 1998
First Distribution Date:
August 25, 1998
204
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund and eighteen of
which represent the entire
205
<PAGE>
beneficial interest in the Pool 2 Trust Fund and twenty-one of
which represent the entire beneficial interest in the Pool 4
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.
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
206
<PAGE>
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 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
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
207
<PAGE>
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.
208
<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:___________________
209
<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.
210
<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.
211
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $1,320,017
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RNB7
August 25, 1998
212
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
Classes, twelve classes of which represent the entire beneficial
interest in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial
213
<PAGE>
interest in the Pool 2 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
214
<PAGE>
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 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
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
215
<PAGE>
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.
216
<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:___________________
217
<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.
218
<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.
219
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $440,005
Certificate Interest Initial Certificate Principal Rate per annum:
6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RNC5
August 25, 1998
220
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool 2
221
<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.
222
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $440,005
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RND3
August 25, 1998
223
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool 2
224
<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.
225
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $792,010.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RPE9
August 25, 1998
226
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
Classes, twelve classes of which represent the entire beneficial
interest in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial
227
<PAGE>
interest in the Pool 2 Trust Fund and twenty-one of which
represent the entire beneficial interest in the Pool 4 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.
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
228
<PAGE>
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 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
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
229
<PAGE>
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 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.
232
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by
the undersigned to a person whom the
undersigned reasonably believes is a
"qualified institutional buyer" (as defined
in Rule 144A under the Securities Act of
1933, as amended) pursuant to the exemption
from registration under the Securities Act
of 1933, as amended, provided by Rule 144A
thereunder.
|_| (b) This Certificate is being transferred by
the undersigned to an institutional
"accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D
under the Securities Act of 1933, as
amended) and that the undersigned has been
advised by the prospective purchaser that it
intends to hold this Certificate for
investment and not for distribution or
resale.
Dated
- --------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
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
233
<PAGE>
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)
234
<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.
235
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $264,003.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RPF6
August 25, 1998
236
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool 2
237
<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.
238
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 $264,007.25
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RPG4
August 25, 1998
239
<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 July 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, the Pool 3 Trust Fund and the Pool 4 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 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twelve classes of which represent the entire beneficial interest
in the Pool 3 Trust Fund (herein called the "Pool 3
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the Pool 2
240
<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.
241
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A1 Certificate
Principal Balance:
Class 4-A1 $71,750,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNF8
August 25, 1998
242
<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 4-A1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial
243
<PAGE>
interest in the Pool 2 Trust Fund and twelve of which represent
the entire beneficial interest in the Pool 3 Trust Fund.
The Pool 4 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 4 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 4 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 4 Certificates (the "Pool 4
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 4 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3, Class 4-B4 and Class 4-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 4 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
4 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 4
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 4. 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 4 Certificates.
No transfer of any Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3 Class 4-B4 or Class 4-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
244
<PAGE>
constitute or result in the assets of the Pool 4 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 4-M, Class 4-B1, Class
4-B2, Class 4-B3, Class 4-B4 or Class 4-B5 Certificate by a Plan
or a Person that is purchasing or holding such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 4-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 4-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 4-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 4 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 4
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 4 Trust Fund created thereby shall
terminate upon payment to the Pool 4 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 4
Mortgage Loans and all property acquired in respect
245
<PAGE>
of any Mortgage Loan remaining in the Pool 4 Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Pool 4 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 4 Trust Fund and the disposition of all
property acquired upon foreclosure or by deed in lieu of
foreclosure of any Pool 4 Mortgage Loan. The right of the Company
to repurchase all the Pool 4 Mortgage Loans and property in
respect of such Mortgage Loans is subject to the Scheduled
Principal Balance of all the Pool 4 Certificates at the time of
repurchase being less than 10 percent of the Scheduled Principal
Balance of all the Pool 4 Certificates as of the Cut-off Date.
The Company's exercise of such right will result in early
retirement of the Pool 4 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.
246
<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:___________________
247
<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.
248
<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.
249
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A2 Certificate
Principal Balance:
Class 4-A2 $11,149,185
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNG6
August 25, 1998
250
<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 4-A2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
251
<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.
252
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A3 Certificate
Principal Balance:
Class 4-A3 $3,716,395
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNH4
August 25, 1998
253
<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 4-A3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
254
<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.
255
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A4 Certificate
Principal Balance:
Class 4-A4 $20,140,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNJ0
August 25, 1998
256
<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 4-A4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
257
<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.
258
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A5 Certificate
Principal Balance:
Class 4-A5 $45,100,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNK7
August 25, 1998
259
<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 4-A5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
260
<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.
261
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A6 Certificate
Principal Balance:
Class 4-A6 $19,500,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNL5
August 25, 1998
262
<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 4-A6 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four classes,
263
<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.
264
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A7 Certificate
Principal Balance:
Class 4-A7 $3,125,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNM3
August 25, 1998
265
<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 4-A7 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
266
<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.
267
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A8 Certificate
Principal Balance:
Class 4-A8 $3,125,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNN1
August 25, 1998
268
<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 4-A8 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
269
<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.
270
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A9 Certificate
Principal Balance:
Class 4-A9 $3,300,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNP6
August 25, 1998
271
<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 4-A9 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
272
<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.
273
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A10 Certificate
Principal Balance:
Class 4-A10 $3,100,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNQ4
August 25, 1998
274
<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 4-A10 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
275
<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.
276
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A11 Certificate
Principal Balance:
Class 4-A11 $3,100,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNR2
August 25, 1998
277
<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 4-A11 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
278
<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.
279
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A12 Certificate
Principal Balance:
Class 4-A12 $3,750,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNS0
August 25, 1998
280
<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 4-A12 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
281
<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.
282
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-A13 Certificate
Principal Balance:
Class 4-A13 $2,124,900
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP: 36157RNT8
August 25, 1998
283
<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 4-A13 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four
284
<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 4-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 4 TRUST FUND.
285
<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 1998-12
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 4-R Certificate
Principal Balance:
Class 4-R $100.00
Certificate Interest Initial Certificate Principal Rate per annum:
6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RNX9
August 25, 1998
286
<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 4-R Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial
287
<PAGE>
interest in the Pool 2 Trust Fund and twelve of which represent
the entire beneficial interest in the Pool 3 Trust Fund.
The Pool 4 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 4 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 4 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 4 Certificates (the "Pool 4
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 4 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3, Class 4-B4 and Class 4-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 4 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
4 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 4
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 4. 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 4 Certificates.
No transfer of any Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3, Class 4-B4 or Class 4-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
288
<PAGE>
constitute or result in the assets of the Pool 4 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 4-M, Class 4-B1, Class
4-B2, Class 4-B3, Class 4-B4 or Class 4-B5 Certificate by a Plan
or a Person that is purchasing or holding such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 4-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 4-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 4-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 4 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 4
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 4 Trust Fund created thereby shall
terminate upon payment to the Pool 4 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 4
Mortgage Loans and all property acquired in respect
289
<PAGE>
of any Mortgage Loan remaining in the Pool 4 Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Pool 4 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 4 Trust Fund and the disposition of all
property acquired upon foreclosure or by deed in lieu of
foreclosure of any Pool 4 Mortgage Loan. The right of the Company
to repurchase all the Pool 4 Mortgage Loans and property in
respect of such Mortgage Loans is subject to the Scheduled
Principal Balance of all the Pool 4 Certificates at the time of
repurchase being less than 10 percent of the Scheduled Principal
Balance of all the Pool 4 Certificates as of the Cut-off Date.
The Company's exercise of such right will result in early
retirement of the Pool 4 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.
290
<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:__________________
291
<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.
292
<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).
293
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-PO Certificate
Principal Balance:
Class 4-PO $329,191.69
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
July 1, 1998
First Distribution Date:
August 25, 1998
294
<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 4-PO Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund and eighteen of
which represent the entire
295
<PAGE>
beneficial interest in the Pool 2 Trust Fund and twelve of which
represent the entire beneficial interest in the Pool 3 Trust
Fund.
The Pool 4 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 4 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 4 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 4 Certificates (the "Pool 4
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 4 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 4-M, Class 4-B1, Class 4-B2,
Class 4- B3, Class 4-B4 and Class 4-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 4 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
4 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 4
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 4. 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 4 Certificates.
No transfer of any Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3, Class 4-B4 or Class 4-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
296
<PAGE>
constitute or result in the assets of the Pool 4 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 4-M, Class 4- B1, Class
4-B2, Class 4-B3, Class 4-B4 or Class 4-B5 Certificate by a Plan
or a Person that is purchasing or holding such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 4-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 4-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 4-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 4 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 4
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 4 Trust Fund created thereby shall
terminate upon payment to the Pool 4 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 4
Mortgage Loans and all property acquired in respect
297
<PAGE>
of any Mortgage Loan remaining in the Pool 4 Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Pool 4 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 4 Trust Fund and the disposition of all
property acquired upon foreclosure or by deed in lieu of
foreclosure of any Pool 4 Mortgage Loan. The right of the Company
to repurchase all the Pool 4 Mortgage Loans and property in
respect of such Mortgage Loans is subject to the Scheduled
Principal Balance of all the Pool 4 Certificates at the time of
repurchase being less than 10 percent of the Scheduled Principal
Balance of all the Pool 4 Certificates as of the Cut-off Date.
The Company's exercise of such right will result in early
retirement of the Pool 4 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.
298
<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:___________________
299
<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.
330
<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.
301
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-M Certificate
Principal Balance:
Class 4-M $3,725,240
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RNU5
August 25, 1998
302
<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 4-M Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial
303
<PAGE>
interest in the Pool 2 Trust Fund and twelve of which represent
the entire benefical interest in the Pool 3 Trust Fund.
The Pool 4 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 4 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 4 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 4 Certificates (the "Pool 4
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 4 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3, Class 4-B4 and Class 4-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 4 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
4 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 4
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 4. 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 4 Certificates.
No transfer of any Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3, Class 4-B4 or Class 4-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
304
<PAGE>
constitute or result in the assets of the Pool 4 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 4-M, Class 4- B1, Class
4-B2, Class 4-B3, Class 4-B4 or Class 4-B5 Certificate by a Plan
or a Person that is purchasing or holding such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 4-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 4-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 4-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 4 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 4
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 4 Trust Fund created thereby shall
terminate upon payment to the Pool 4 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 4
Mortgage Loans and all property acquired in respect
305
<PAGE>
of any Mortgage Loan remaining in the Pool 4 Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Pool 4 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 4 Trust Fund and the disposition of all
property acquired upon foreclosure or by deed in lieu of
foreclosure of any Pool 4 Mortgage Loan. The right of the Company
to repurchase all the Pool 4 Mortgage Loans and property in
respect of such Mortgage Loans is subject to the Scheduled
Principal Balance of all the Pool 4 Certificates at the time of
repurchase being less than 10 percent of the Scheduled Principal
Balance of all the Pool 4 Certificates as of the Cut-off Date.
The Company's exercise of such right will result in early
retirement of the Pool 4 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.
306
<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:___________________
307
<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.
308
<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.
309
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-B1 Certificate
Principal Balance:
Class 4-B1 $1,610,914
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RNV3
August 25, 1998
310
<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 4-B1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the
311
<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.
312
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-B2 Certificate
Principal Balance:
Class 4-B2 $906,139
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RNW1
August 25, 1998
313
<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 4-B2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the
314
<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.
315
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-B3 Certificate
Principal Balance:
Class 4-B3 $805,457.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RPH2
August 25, 1998
316
<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 4-B3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial
317
<PAGE>
interest in the Pool 2 Trust Fund and twelve of which represent
the entire beneficial interest in the Pool 3 Trust Fund.
The Pool 4 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 4 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 4 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 4 Certificates (the "Pool 4
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 4 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B4, Class 4-B4 and Class 4-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 4 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Pool
4 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 4
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 4. 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 4 Certificates.
No transfer of any Class 4-M, Class 4-B1, Class 4-B2,
Class 4-B3, Class 4-B4 or Class 4-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
318
<PAGE>
constitute or result in the assets of the Pool 4 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 4-M, Class 4-B1, Class
4-B2, Class 4-B3, Class 4-B4 or Class 4-B5 Certificate by a Plan
or a Person that is purchasing or holding such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class 4-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 4-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 4-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 4 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 4
Certificates are exchangeable for new Certificates of the same
Class of authorized denominations evidencing the same aggregate
Percentage Interest as requested by the Holder surrendering the
same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Pool 4 Trust Fund created thereby shall
terminate upon payment to the Pool 4 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 4
Mortgage Loans and all property acquired in respect
319
<PAGE>
of any Mortgage Loan remaining in the Pool 4 Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Pool 4 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 4 Trust Fund and the disposition of all
property acquired upon foreclosure or by deed in lieu of
foreclosure of any Pool 4 Mortgage Loan. The right of the Company
to repurchase all the Pool 4 Mortgage Loans and property in
respect of such Mortgage Loans is subject to the Scheduled
Principal Balance of all the Pool 4 Certificates at the time of
repurchase being less than 10 percent of the Scheduled Principal
Balance of all the Pool 4 Certificates as of the Cut-off Date.
The Company's exercise of such right will result in early
retirement of the Pool 4 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.
320
<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:___________________
321
<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.
322
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by
the undersigned to a person whom the
undersigned reasonably believes is a
"qualified institutional buyer" (as defined
in Rule 144A under the Securities Act of
1933, as amended) pursuant to the exemption
from registration under the Securities Act
of 1933, as amended, provided by Rule 144A
thereunder.
|_| (b) This Certificate is being transferred by
the undersigned to an institutional
"accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D
under the Securities Act of 1933, as
amended) and that the undersigned has been
advised by the prospective purchaser that it
intends to hold this Certificate for
investment and not for distribution or
resale.
Dated
- --------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
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
323
<PAGE>
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)
324
<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.
325
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-B4 Certificate
Principal Balance:
Class 4-B4 $402,728.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RPJ8
August 25, 1998
326
<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 4-B4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the
327
<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.
328
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-12
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 4-B5 Certificate
Principal Balance:
Class 4-B5 $604,096.57
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
July 1, 1998
First Distribution Date: CUSIP:36157RPK5
August 25, 1998
329
<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 4-B5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 4 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 4 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of July 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, the Pool 3 Trust Fund and the Pool 4 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 4 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 August 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-12, issued in seventy-four Classes,
twenty-one classes of which represent the entire beneficial
interest in the Pool 4 Trust Fund (herein called the "Pool 4
Certificates"), twenty-three of which represent the entire
beneficial interest in the Pool 1 Trust Fund, eighteen of which
represent the entire beneficial interest in the
330
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
APPENDIX A
POOL 1 SCHEDULED BALANCES TABLE
The Aggregate Pool 1 PAC Balances for the Pool 1 PAC
Certificates, the Aggregate Pool 1 Scheduled Balances for the
Pool 1 Scheduled Certificates and the Class 1-A13 Scheduled
Balances for the Class 1-A13 Certificates set forth in the table
below were calculated on the basis of the Class Certificate
Principal Balances of each such Certificates set forth on the
cover hereof and the other 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 Scheduled
Certificates' and '--Pool 1 PAC Certificates' herein. 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 Scheduled Balances Table will be calculated on or about
the Closing Date on the basis of such revised aggregate Class
Certificate Principal Balances and on the basis of (1) the Pool 1
PAC Structuring Range of the Pool 1 PAC Certificates, the
structuring range for Class 1-A13 Certificates and the Pool 1
Scheduled Certificates and (2) the assumptions set forth in
clauses (i), (iv) through (viii), (x) and (xi) of the Pool 1
Modeling Assumptions. The final Pool 1 Scheduled Balances Table
will be set forth in the Agreement, which will be filed as an
exhibit to the Detailed Description.
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
Initial Balance..... $183,667,000.00 $114,095,797.00 $20,199,000.00
August 1998......... 183,667,000.00 113,658,233.75 20,121,535.80
September 1998...... 183,667,000.00 113,117,802.69 20,025,860.34
October 1998........ 183,667,000.00 112,474,717.64 19,912,011.50
November 1998....... 183,667,000.00 111,729,221.07 19,780,032.18
December 1998....... 183,667,000.00 110,881,660.30 19,629,983.88
January 1999........ 183,667,000.00 109,932,487.59 19,461,946.67
February 1999....... 183,667,000.00 108,882,260.14 19,276,019.19
March 1999.......... 183,667,000.00 107,731,639.85 19,072,318.62
April 1999.......... 183,667,000.00 106,481,392.89 18,850,980.59
May 1999............ 183,667,000.00 105,132,389.17 18,612,159.12
June 1999........... 183,667,000.00 103,685,601.53 18,356,026.43
July 1999........... 183,667,000.00 102,142,104.82 18,082,772.81
August 1999......... 183,667,000.00 100,503,074.75 17,792,606.39
September 1999...... 183,667,000.00 98,769,786.67 17,485,752.97
October 1999........ 183,667,000.00 96,943,614.00 17,162,455.68
November 1999....... 183,667,000.00 95,026,026.63 16,822,974.75
December 1999....... 183,667,000.00 93,018,589.10 16,467,587.16
January 2000........ 183,667,000.00 90,922,958.59 16,096,586.28
February 2000....... 183,667,000.00 88,740,882.78 15,710,281.52
March 2000.......... 183,667,000.00 86,474,197.50 15,308,997.89
April 2000.......... 183,667,000.00 84,124,824.27 14,893,075.56
May 2000............ 183,667,000.00 81,694,767.66 14,462,869.41
June 2000........... 183,667,000.00 79,186,112.52 14,018,748.53
July 2000........... 183,667,000.00 76,601,020.99 13,561,095.71
August 2000......... 183,667,000.00 73,941,729.50 13,090,306.86
September 2000...... 183,667,000.00 71,210,545.52 12,606,790.49
October 2000........ 183,667,000.00 68,409,844.24 12,110,967.10
November 2000....... 183,667,000.00 65,542,065.12 11,603,268.55
December 2000....... 183,667,000.00 62,618,897.76 11,085,764.32
January 2001........ 181,490,313.85 61,380,094.49 10,866,452.24
February 2001....... 179,324,660.70 60,164,800.42 10,651,302.11
March 2001.......... 177,169,984.50 58,972,716.60 10,440,261.03
A1-31
<PAGE>
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
April 2001.......... $175,026,229.50 $ 57,803,547.49 $10,233,276.65
May 2001............ 172,893,340.26 56,657,000.95 10,030,297.28
June 2001........... 170,771,261.59 55,532,788.18 9,831,271.77
July 2001........... 168,659,938.63 54,430,623.70 9,636,149.60
August 2001......... 166,559,316.79 53,350,225.29 9,444,880.78
September 2001...... 164,469,341.76 52,291,313.99 9,257,415.95
October 2001........ 162,389,959.54 51,253,614.04 9,073,706.28
November 2001....... 160,321,116.39 50,236,852.85 8,893,703.51
December 2001....... 158,262,758.86 49,240,760.94 8,717,359.94
January 2002........ 156,214,833.78 48,265,071.97 8,544,628.41
February 2002....... 154,177,288.27 47,309,522.64 8,375,462.31
March 2002.......... 152,150,069.72 46,373,852.69 8,209,815.57
April 2002.......... 150,133,125.80 45,457,804.86 8,047,642.63
May 2002............ 148,126,404.45 44,561,124.85 7,888,898.49
June 2002........... 146,129,853.88 43,683,561.29 7,733,538.64
July 2002........... 144,143,422.59 42,824,865.73 7,581,519.09
August 2002......... 142,167,059.34 41,984,792.58 7,432,796.37
September 2002...... 140,200,713.17 41,163,099.07 7,287,327.49
October 2002........ 138,244,333.37 40,359,545.26 7,145,069.99
November 2002....... 136,297,869.51 39,573,893.97 7,005,981.86
December 2002....... 134,361,271.43 38,805,910.77 6,870,021.62
January 2003........ 132,434,489.23 38,055,363.95 6,737,148.23
February 2003....... 130,517,473.26 37,322,024.47 6,607,321.15
March 2003.......... 128,610,174.17 36,605,665.97 6,480,500.30
April 2003.......... 126,712,542.83 35,906,064.68 6,356,646.08
May 2003............ 124,824,530.38 35,222,999.46 6,235,719.32
June 2003........... 122,946,088.24 34,556,251.71 6,117,681.34
July 2003........... 121,077,168.07 33,905,605.40 6,002,493.88
August 2003......... 119,241,043.28 33,289,616.13 5,893,441.95
September 2003...... 117,414,253.14 32,689,170.55 5,787,141.80
October 2003........ 115,596,749.75 32,104,060.31 5,683,556.55
November 2003....... 113,788,485.45 31,534,079.46 5,582,649.74
December 2003....... 111,989,412.85 30,979,024.47 5,484,385.33
January 2004........ 110,199,484.78 30,438,694.18 5,388,727.72
February 2004....... 108,418,654.32 29,912,889.78 5,295,641.70
March 2004.......... 106,646,874.82 29,401,414.76 5,205,092.50
April 2004.......... 104,884,099.83 28,904,074.94 5,117,045.72
May 2004............ 103,130,283.19 28,420,678.39 5,031,467.40
June 2004........... 101,385,378.93 27,951,035.41 4,948,323.94
July 2004........... 99,649,341.36 27,494,958.56 4,867,582.18
August 2004......... 97,929,643.48 27,058,084.34 4,790,239.96
September 2004...... 96,218,675.02 26,634,327.86 4,715,220.04
October 2004........ 94,516,390.99 26,223,508.74 4,642,490.49
November 2004....... 92,822,746.62 25,825,448.66 4,572,019.75
December 2004....... 91,137,697.37 25,439,971.45 4,503,776.62
January 2005........ 89,461,198.96 25,066,902.98 4,437,730.28
February 2005....... 87,793,207.31 24,706,071.18 4,373,850.26
March 2005.......... 86,133,678.58 24,357,306.02 4,312,106.47
April 2005.......... 84,482,569.15 24,020,439.46 4,252,469.15
May 2005............ 82,839,835.64 23,695,305.45 4,194,908.90
June 2005........... 81,205,434.89 23,381,739.89 4,139,396.69
A1-32
<PAGE>
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
July 2005........... $ 79,579,323.96 $ 23,079,580.65 $ 4,085,903.79
August 2005......... 77,975,893.48 22,799,270.10 4,036,278.89
September 2005...... 76,380,552.47 22,531,518.96 3,988,877.45
October 2005........ 74,793,258.88 22,279,121.45 3,944,194.14
November 2005....... 73,213,970.89 22,041,808.36 3,902,181.31
December 2005....... 71,642,646.88 21,819,314.48 3,862,792.01
January 2006........ 70,079,245.48 21,611,378.48 3,825,979.97
February 2006....... 68,525,252.49 21,416,583.91 3,791,494.43
March 2006.......... 67,004,154.00 21,216,819.79 3,756,129.10
April 2006.......... 65,515,274.96 21,012,317.70 3,719,924.98
May 2006............ 64,057,953.88 20,803,302.78 3,682,921.93
June 2006........... 62,631,542.61 20,589,993.88 3,645,158.69
July 2006........... 61,235,406.03 20,372,603.71 3,606,672.93
August 2006......... 59,910,205.09 20,143,817.25 3,566,169.62
September 2006...... 58,612,795.72 19,911,784.72 3,525,091.63
October 2006........ 57,342,607.57 19,676,688.42 3,483,471.26
November 2006....... 56,099,081.85 19,438,705.39 3,441,339.83
December 2006....... 54,881,671.02 19,198,007.48 3,398,727.76
January 2007........ 53,689,838.65 18,954,761.51 3,355,664.61
February 2007....... 52,523,059.14 18,709,129.40 3,312,179.02
March 2007.......... 51,380,817.53 18,461,268.26 3,268,298.81
April 2007.......... 50,262,609.30 18,211,330.52 3,224,050.97
May 2007............ 49,167,940.12 17,959,464.04 3,179,461.68
June 2007........... 48,096,325.67 17,705,812.25 3,134,556.32
July 2007........... 47,047,291.45 17,450,514.21 3,089,359.52
August 2007......... 46,053,912.49 17,188,756.65 3,043,019.15
September 2007...... 45,080,906.44 16,926,029.35 2,996,507.11
October 2007........ 44,127,862.92 16,662,442.70 2,949,842.93
November 2007....... 43,194,379.71 16,398,103.63 2,903,045.55
December 2007....... 42,280,062.61 16,133,115.72 2,856,133.29
January 2008........ 41,384,525.28 15,867,579.25 2,809,123.93
February 2008....... 40,507,389.05 15,601,591.30 2,762,034.63
March 2008.......... 39,648,282.81 15,335,245.83 2,714,882.04
April 2008.......... 38,806,842.85 15,068,633.78 2,667,682.26
May 2008............ 37,982,712.71 14,801,843.07 2,620,450.85
June 2008........... 37,175,543.03 14,534,958.77 2,573,202.87
July 2008........... 36,384,991.42 14,268,063.11 2,525,952.88
August 2008......... 35,610,722.30 14,001,235.58 2,478,714.95
September 2008...... 34,852,406.81 13,734,552.97 2,431,502.67
October 2008........ 34,109,722.64 13,468,089.47 2,384,329.19
November 2008....... 33,382,353.90 13,201,916.74 2,337,207.18
December 2008....... 32,669,991.02 12,936,103.92 2,290,148.89
January 2009........ 31,972,330.59 12,670,717.77 2,243,166.14
February 2009....... 31,289,075.27 12,405,822.66 2,196,270.31
March 2009.......... 30,619,933.66 12,141,480.70 2,149,472.42
April 2009.......... 29,964,620.16 11,877,751.74 2,102,783.04
May 2009............ 29,322,854.89 11,614,693.44 2,056,212.40
June 2009........... 28,694,363.56 11,352,361.37 2,009,770.33
July 2009........... 28,078,877.35 11,090,809.02 1,963,466.29
August 2009......... 27,476,132.82 10,830,087.85 1,917,309.40
September 2009...... 26,885,871.79 10,570,247.38 1,871,308.43
A1-33
<PAGE>
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
October 2009........ $ 26,307,841.24 $ 10,311,335.22 $ 1,825,471.80
November 2009....... 25,741,793.22 10,053,397.11 1,779,807.61
December 2009....... 25,187,484.72 9,796,476.99 1,734,323.65
January 2010........ 24,644,677.61 9,540,617.03 1,689,027.36
February 2010....... 24,113,138.51 9,285,857.69 1,643,925.93
March 2010.......... 23,592,638.70 9,032,237.78 1,599,026.22
April 2010.......... 23,082,954.07 8,779,794.45 1,554,334.80
May 2010............ 22,583,864.95 8,528,563.29 1,509,857.98
June 2010........... 22,095,156.11 8,278,578.36 1,465,601.79
July 2010........... 21,616,616.61 8,029,872.21 1,421,571.99
August 2010......... 21,148,039.74 7,782,475.94 1,377,774.08
September 2010...... 20,689,222.91 7,536,419.23 1,334,213.32
October 2010........ 20,239,967.62 7,291,730.40 1,290,894.72
November 2010....... 19,800,079.32 7,048,436.42 1,247,823.07
December 2010....... 19,369,367.39 6,806,562.94 1,205,002.89
January 2011........ 18,947,644.99 6,566,134.39 1,162,438.51
February 2011....... 18,534,729.07 6,327,173.92 1,120,134.04
March 2011.......... 18,130,440.22 6,089,703.52 1,078,093.36
April 2011.......... 17,734,602.63 5,853,744.01 1,036,320.17
May 2011............ 17,347,044.04 5,619,315.07 994,817.94
June 2011........... 16,967,595.63 5,386,435.30 953,589.96
July 2011........... 16,596,091.96 5,155,122.21 912,639.35
August 2011......... 16,232,370.93 4,925,392.31 871,969.01
September 2011...... 15,876,273.69 4,697,261.07 831,581.70
October 2011........ 15,527,644.57 4,470,743.01 791,479.97
November 2011....... 15,186,331.03 4,245,851.69 751,666.24
December 2011....... 14,852,183.60 4,022,599.74 712,142.73
January 2012........ 14,525,055.82 3,800,998.93 672,911.53
February 2012....... 14,204,804.15 3,581,060.14 633,974.57
March 2012.......... 13,891,287.97 3,362,793.41 595,333.62
April 2012.......... 13,584,369.46 3,146,207.96 556,990.32
May 2012............ 13,283,913.58 2,931,312.24 518,946.16
June 2012........... 12,989,788.02 2,718,113.92 481,202.50
July 2012........... 12,701,863.10 2,506,619.93 443,760.57
August 2012......... 12,420,011.79 2,296,836.47 406,621.46
September 2012...... 12,144,109.58 2,088,769.05 369,786.15
October 2012........ 11,874,034.50 1,882,422.51 333,255.50
November 2012....... 11,609,667.02 1,677,801.03 297,030.25
December 2012....... 11,350,890.02 1,474,908.14 261,111.02
January 2013........ 11,097,588.73 1,273,746.78 225,498.33
February 2013....... 10,849,650.71 1,074,319.28 190,192.59
March 2013.......... 10,606,965.79 876,627.40 155,194.12
April 2013.......... 10,369,425.99 680,672.34 120,503.13
May 2013............ 10,136,925.55 486,454.76 86,119.73
June 2013........... 9,909,360.81 293,974.81 52,043.96
July 2013........... 9,686,630.23 103,232.11 18,275.74
August 2013......... 9,468,634.29 0.00 0.00
September 2013...... 9,255,275.50 0.00 0.00
October 2013........ 9,046,458.33 0.00 0.00
November 2013....... 8,842,089.19 0.00 0.00
December 2013....... 8,642,076.37 0.00 0.00
A1-34
<PAGE>
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
January 2014........ $ 8,446,330.01 0.00 0.00
February 2014....... 8,254,762.09 0.00 0.00
March 2014.......... 8,067,286.34 0.00 0.00
April 2014.......... 7,883,818.25 0.00 0.00
May 2014............ 7,704,275.02 0.00 0.00
June 2014........... 7,528,575.53 0.00 0.00
July 2014........... 7,356,640.30 0.00 0.00
August 2014......... 7,188,391.44 0.00 0.00
September 2014...... 7,023,752.66 0.00 0.00
October 2014........ 6,862,649.22 0.00 0.00
November 2014....... 6,705,007.86 0.00 0.00
December 2014....... 6,550,756.85 0.00 0.00
January 2015........ 6,399,825.89 0.00 0.00
February 2015....... 6,252,146.10 0.00 0.00
March 2015.......... 6,107,650.01 0.00 0.00
April 2015.......... 5,966,271.52 0.00 0.00
May 2015............ 5,827,945.86 0.00 0.00
June 2015........... 5,692,609.58 0.00 0.00
July 2015........... 5,560,200.53 0.00 0.00
August 2015......... 5,430,657.82 0.00 0.00
September 2015...... 5,303,921.78 0.00 0.00
October 2015........ 5,179,933.96 0.00 0.00
November 2015....... 5,058,637.12 0.00 0.00
December 2015....... 4,939,975.15 0.00 0.00
January 2016........ 4,823,893.11 0.00 0.00
February 2016....... 4,710,337.17 0.00 0.00
March 2016.......... 4,599,254.59 0.00 0.00
April 2016.......... 4,490,593.71 0.00 0.00
May 2016............ 4,384,303.92 0.00 0.00
June 2016........... 4,280,335.64 0.00 0.00
July 2016........... 4,178,640.30 0.00 0.00
August 2016......... 4,079,170.33 0.00 0.00
September 2016...... 3,981,879.12 0.00 0.00
October 2016........ 3,886,721.02 0.00 0.00
November 2016....... 3,793,651.30 0.00 0.00
December 2016....... 3,702,626.16 0.00 0.00
January 2017........ 3,613,602.68 0.00 0.00
February 2017....... 3,526,538.82 0.00 0.00
March 2017.......... 3,441,393.40 0.00 0.00
April 2017.......... 3,358,126.10 0.00 0.00
May 2017............ 3,276,697.39 0.00 0.00
June 2017........... 3,197,068.57 0.00 0.00
July 2017........... 3,119,201.74 0.00 0.00
August 2017......... 3,043,059.76 0.00 0.00
September 2017...... 2,968,606.26 0.00 0.00
October 2017........ 2,895,805.61 0.00 0.00
November 2017....... 2,824,622.91 0.00 0.00
December 2017....... 2,755,023.98 0.00 0.00
January 2018........ 2,686,975.34 0.00 0.00
February 2018....... 2,620,444.20 0.00 0.00
March 2018.......... 2,555,398.44 0.00 0.00
A1-35
<PAGE>
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
April 2018.......... $ 2,491,806.60 0.00 0.00
May 2018............ 2,429,637.85 0.00 0.00
June 2018........... 2,368,862.04 0.00 0.00
July 2018........... 2,309,449.58 0.00 0.00
August 2018......... 2,251,371.54 0.00 0.00
September 2018...... 2,194,599.55 0.00 0.00
October 2018........ 2,139,105.85 0.00 0.00
November 2018....... 2,084,863.23 0.00 0.00
December 2018....... 2,031,845.05 0.00 0.00
January 2019........ 1,980,025.23 0.00 0.00
February 2019....... 1,929,378.20 0.00 0.00
March 2019.......... 1,879,878.96 0.00 0.00
April 2019.......... 1,831,502.98 0.00 0.00
May 2019............ 1,784,226.26 0.00 0.00
June 2019........... 1,738,025.30 0.00 0.00
July 2019........... 1,692,877.07 0.00 0.00
August 2019......... 1,648,759.04 0.00 0.00
September 2019...... 1,605,649.11 0.00 0.00
October 2019........ 1,563,525.68 0.00 0.00
November 2019....... 1,522,367.55 0.00 0.00
December 2019....... 1,482,154.01 0.00 0.00
January 2020........ 1,442,864.74 0.00 0.00
February 2020....... 1,404,479.85 0.00 0.00
March 2020.......... 1,366,979.88 0.00 0.00
April 2020.......... 1,330,345.75 0.00 0.00
May 2020............ 1,294,558.79 0.00 0.00
June 2020........... 1,259,600.72 0.00 0.00
July 2020........... 1,225,453.63 0.00 0.00
August 2020......... 1,192,099.99 0.00 0.00
September 2020...... 1,159,522.62 0.00 0.00
October 2020........ 1,127,704.72 0.00 0.00
November 2020....... 1,096,629.83 0.00 0.00
December 2020....... 1,066,281.82 0.00 0.00
January 2021........ 1,036,644.92 0.00 0.00
February 2021....... 1,007,703.68 0.00 0.00
March 2021.......... 979,442.95 0.00 0.00
April 2021.......... 951,847.93 0.00 0.00
May 2021............ 924,904.10 0.00 0.00
June 2021........... 898,597.27 0.00 0.00
July 2021........... 872,913.54 0.00 0.00
August 2021......... 847,839.28 0.00 0.00
September 2021...... 823,361.16 0.00 0.00
October 2021........ 799,466.13 0.00 0.00
November 2021....... 776,141.42 0.00 0.00
December 2021....... 753,374.52 0.00 0.00
January 2022........ 731,153.18 0.00 0.00
February 2022....... 709,465.40 0.00 0.00
March 2022.......... 688,299.45 0.00 0.00
April 2022.......... 667,643.84 0.00 0.00
May 2022............ 647,487.32 0.00 0.00
June 2022........... 627,818.86 0.00 0.00
A1-36
<PAGE>
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
July 2022........... $ 608,627.70 0.00 0.00
August 2022......... 589,903.27 0.00 0.00
September 2022...... 571,635.24 0.00 0.00
October 2022........ 553,813.50 0.00 0.00
November 2022....... 536,428.14 0.00 0.00
December 2022....... 519,469.48 0.00 0.00
January 2023........ 502,928.01 0.00 0.00
February 2023....... 486,794.47 0.00 0.00
March 2023.......... 471,059.75 0.00 0.00
April 2023.......... 455,714.95 0.00 0.00
May 2023............ 440,751.38 0.00 0.00
June 2023........... 426,160.49 0.00 0.00
July 2023........... 411,933.95 0.00 0.00
August 2023......... 398,063.58 0.00 0.00
September 2023...... 384,541.40 0.00 0.00
October 2023........ 371,359.58 0.00 0.00
November 2023....... 358,510.45 0.00 0.00
December 2023....... 345,986.53 0.00 0.00
January 2024........ 333,780.48 0.00 0.00
February 2024....... 321,885.11 0.00 0.00
March 2024.......... 310,293.41 0.00 0.00
April 2024.......... 298,998.49 0.00 0.00
May 2024............ 287,993.63 0.00 0.00
June 2024........... 277,272.23 0.00 0.00
July 2024........... 266,827.86 0.00 0.00
August 2024......... 256,654.20 0.00 0.00
September 2024...... 246,745.08 0.00 0.00
October 2024........ 237,094.47 0.00 0.00
November 2024....... 227,696.45 0.00 0.00
December 2024....... 218,545.23 0.00 0.00
January 2025........ 209,635.17 0.00 0.00
February 2025....... 200,960.71 0.00 0.00
March 2025.......... 192,516.44 0.00 0.00
April 2025.......... 184,297.06 0.00 0.00
May 2025............ 176,297.38 0.00 0.00
June 2025........... 168,512.32 0.00 0.00
July 2025........... 160,936.92 0.00 0.00
August 2025......... 153,566.32 0.00 0.00
September 2025...... 146,395.75 0.00 0.00
October 2025........ 139,420.58 0.00 0.00
November 2025....... 132,636.25 0.00 0.00
December 2025....... 126,038.30 0.00 0.00
January 2026........ 119,622.39 0.00 0.00
February 2026....... 113,384.24 0.00 0.00
March 2026.......... 107,319.69 0.00 0.00
April 2026.......... 101,424.67 0.00 0.00
May 2026............ 95,695.18 0.00 0.00
June 2026........... 90,127.31 0.00 0.00
July 2026........... 84,717.27 0.00 0.00
August 2026......... 79,461.29 0.00 0.00
September 2026...... 74,355.75 0.00 0.00
A1-37
<PAGE>
Aggregate Pool Class 1-A13
Aggregate Pool 1 Scheduled Scheduled
Distribution Date 1 PAC Balance Balance Balance
- -------------------- --------------- --------------- --------------
October 2026........ $ 69,397.06 0.00 0.00
November 2026....... 64,581.73 0.00 0.00
December 2026....... 59,906.33 0.00 0.00
January 2027........ 55,367.54 0.00 0.00
February 2027....... 50,962.07 0.00 0.00
March 2027.......... 46,686.73 0.00 0.00
April 2027.......... 42,538.39 0.00 0.00
May 2027............ 38,514.00 0.00 0.00
June 2027........... 34,610.55 0.00 0.00
July 2027........... 30,825.14 0.00 0.00
August 2027......... 27,154.89 0.00 0.00
September 2027...... 23,597.00 0.00 0.00
October 2027........ 20,148.75 0.00 0.00
November 2027....... 16,807.46 0.00 0.00
December 2027....... 13,570.51 0.00 0.00
January 2028........ 10,435.34 0.00 0.00
February 2028....... 7,399.45 0.00 0.00
March 2028.......... 4,460.40 0.00 0.00
April 2028.......... 1,615.80 0.00 0.00
May 2028............ 0.00 0.00 0.00
A1-38
<PAGE>
APPENDIX B
POOL 1 TAC BALANCES TABLE
The Aggregate Pool 1 TAC Balances set forth in the table
below were calculated on the basis of the aggregate 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 250% of the Prepayment
Assumption (the 'Pool 1 TAC Prepayment Assumption'). If such
aggregate 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 Aggregate Pool 1 TAC Balances Table will be
calculated on or about the Closing Date on the basis of (1) such
revised aggregate Class Certificate Principal Balances, (2) the
actual characteristics of the Pool 1 Mortgage Loans, (3) the 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 Aggregate Pool 1 TAC Balances
Table will be set forth in the Agreement, which will be filed as
an exhibit to the Detailed Description.
Aggregate Pool 1
Distribution Date TAC Balances
- -------------------- ----------------
Initial Balance..... $ 48,106,498.00
August 1998......... 47,949,939.79
September 1998...... 47,752,593.02
October 1998........ 47,514,527.33
November 1998....... 47,235,839.89
December 1998....... 46,916,679.75
January 1999........ 46,557,247.93
February 1999....... 46,157,797.48
March 1999.......... 45,718,633.37
April 1999.......... 45,240,112.28
May 1999............ 44,722,642.30
June 1999........... 44,166,682.50
July 1999........... 43,572,742.40
August 1999......... 42,941,381.31
September 1999...... 42,273,207.59
October 1999........ 41,568,877.78
November 1999....... 40,829,095.63
December 1999....... 40,054,610.98
January 2000........ 39,246,218.64
February 2000....... 38,404,757.05
March 2000.......... 37,531,106.91
April 2000.......... 36,626,189.70
May 2000............ 35,690,966.07
June 2000........... 34,726,434.23
July 2000........... 33,733,628.12
August 2000......... 32,713,615.62
September 2000...... 31,667,496.64
October 2000........ 30,596,401.09
November 2000....... 29,501,486.84
December 2000....... 28,387,548.21
January 2001........ 27,813,730.76
February 2001....... 27,252,612.00
March 2001.......... 26,703,995.32
April 2001.......... 26,167,686.85
May 2001............ 25,643,495.50
A1-39
<PAGE>
Aggregate Pool 1
Distribution Date TAC Balances
- -------------------- ----------------
June 2001........... $ 25,131,232.89
July 2001........... 24,630,713.30
August 2001......... 24,141,753.64
September 2001...... 23,664,173.45
October 2001........ 23,197,794.81
November 2001....... 22,742,442.34
December 2001....... 22,297,943.15
January 2002........ 21,864,126.81
February 2002....... 21,440,825.32
March 2002.......... 21,027,873.08
April 2002.......... 20,625,106.84
May 2002............ 20,232,365.67
June 2002........... 19,849,490.95
July 2002........... 19,476,326.32
August 2002......... 19,112,717.66
September 2002...... 18,758,513.04
October 2002........ 18,413,562.71
November 2002....... 18,077,719.05
December 2002....... 17,750,836.57
January 2003........ 17,432,771.85
February 2003....... 17,123,383.53
March 2003.......... 16,822,532.27
April 2003.......... 16,530,080.74
May 2003............ 16,245,893.57
June 2003........... 15,969,837.34
July 2003........... 15,701,780.53
August 2003......... 15,450,673.38
September 2003...... 15,207,236.11
October 2003........ 14,971,343.02
November 2003....... 14,742,870.20
December 2003....... 14,521,695.55
January 2004........ 14,307,698.72
February 2004....... 14,100,761.10
March 2004.......... 13,900,765.80
April 2004.......... 13,707,597.61
May 2004............ 13,521,142.99
June 2004........... 13,341,290.05
July 2004........... 13,167,928.49
August 2004......... 13,003,736.81
September 2004...... 12,845,776.77
October 2004........ 12,693,943.17
November 2004....... 12,548,132.38
December 2004....... 12,408,242.24
January 2005........ 12,274,172.11
February 2005....... 12,145,822.78
March 2005.......... 12,023,096.52
April 2005.......... 11,905,897.02
May 2005............ 11,794,129.36
June 2005........... 11,687,700.02
July 2005........... 11,586,516.85
August 2005......... 11,495,493.17
September 2005...... 11,409,425.07
A1-40
<PAGE>
Aggregate Pool 1
Distribution Date TAC Balances
- -------------------- ----------------
October 2005........ $ 11,328,225.79
November 2005....... 11,251,809.81
December 2005....... 11,180,092.88
January 2006........ 11,112,992.01
February 2006....... 11,050,057.45
March 2006.......... 10,985,538.94
April 2006.......... 10,919,509.99
May 2006............ 10,852,042.03
June 2006........... 10,783,204.51
July 2006........... 10,713,064.94
August 2006......... 10,639,300.77
September 2006...... 10,564,499.66
October 2006........ 10,488,719.44
November 2006....... 10,412,016.28
December 2006....... 10,334,444.73
January 2007........ 10,256,057.70
February 2007....... 10,176,906.56
March 2007.......... 10,097,041.17
April 2007.......... 10,016,509.87
May 2007............ 9,935,359.60
June 2007........... 9,853,635.83
July 2007........... 9,771,382.69
August 2007......... 9,687,071.93
September 2007...... 9,602,446.51
October 2007........ 9,517,541.44
November 2007....... 9,432,390.64
December 2007....... 9,347,026.95
January 2008........ 9,261,482.17
February 2008....... 9,175,787.08
March 2008.......... 9,089,971.49
April 2008.......... 9,004,064.22
May 2008............ 8,918,093.14
June 2008........... 8,832,085.24
July 2008........... 8,746,066.57
August 2008......... 8,660,062.33
September 2008...... 8,574,096.86
October 2008........ 8,488,193.68
November 2008....... 8,402,375.50
December 2008....... 8,316,664.24
January 2009........ 8,231,081.03
February 2009....... 8,145,646.28
March 2009.......... 8,060,379.68
April 2009.......... 7,975,300.16
May 2009............ 7,890,426.02
June 2009........... 7,805,774.84
July 2009........... 7,721,363.55
August 2009......... 7,637,208.47
September 2009...... 7,553,325.27
October 2009........ 7,469,729.02
November 2009....... 7,386,434.20
December 2009....... 7,303,454.71
January 2010........ 7,220,803.90
A1-41
<PAGE>
Aggregate Pool 1
Distribution Date TAC Balances
- -------------------- ----------------
February 2010....... $ 7,138,494.58
March 2010.......... 7,056,539.02
April 2010.......... 6,974,948.96
May 2010............ 6,893,735.67
June 2010........... 6,812,909.91
July 2010........... 6,732,481.98
August 2010......... 6,652,461.69
September 2010...... 6,572,858.43
October 2010........ 6,493,681.14
November 2010....... 6,414,938.34
December 2010....... 6,336,638.13
January 2011........ 6,258,788.20
February 2011....... 6,181,395.87
March 2011.......... 6,104,468.08
April 2011.......... 6,028,011.37
May 2011............ 5,952,031.96
June 2011........... 5,876,535.69
July 2011........... 5,801,528.09
August 2011......... 5,727,014.33
September 2011...... 5,652,999.29
October 2011........ 5,579,487.52
November 2011....... 5,506,483.28
December 2011....... 5,433,990.53
January 2012........ 5,362,012.96
February 2012....... 5,290,553.96
March 2012.......... 5,219,616.68
April 2012.......... 5,149,203.99
May 2012............ 5,079,318.52
June 2012........... 5,009,962.66
July 2012........... 4,941,138.55
August 2012......... 4,872,848.11
September 2012...... 4,805,093.03
October 2012........ 4,737,874.80
November 2012....... 4,671,194.69
December 2012....... 4,605,053.78
January 2013........ 4,539,452.93
February 2013....... 4,474,392.83
March 2013.......... 4,409,873.99
April 2013.......... 4,345,896.73
May 2013............ 4,282,461.21
June 2013........... 4,219,567.42
July 2013........... 4,157,215.18
August 2013......... 4,095,404.17
September 2013...... 4,034,133.92
October 2013........ 3,973,403.79
November 2013....... 3,913,213.04
December 2013....... 3,853,560.77
January 2014........ 3,794,445.95
February 2014....... 3,735,867.43
March 2014.......... 3,677,823.94
April 2014.......... 3,620,314.09
May 2014............ 3,563,336.39
A1-42
<PAGE>
Aggregate Pool 1
Distribution Date TAC Balances
- -------------------- ----------------
June 2014........... $ 3,506,889.21
July 2014........... 3,450,970.85
August 2014......... 3,395,579.50
September 2014...... 3,340,713.24
October 2014........ 3,286,370.07
November 2014....... 3,232,547.90
December 2014....... 3,179,244.54
January 2015........ 3,126,457.75
February 2015....... 3,074,185.17
March 2015.......... 3,022,424.40
April 2015.......... 2,971,172.95
May 2015............ 2,920,428.25
June 2015........... 2,870,187.69
July 2015........... 2,820,448.58
August 2015......... 2,771,208.17
September 2015...... 2,722,463.66
October 2015........ 2,674,212.18
November 2015....... 2,626,450.82
December 2015....... 2,579,176.61
January 2016........ 2,532,386.56
February 2016....... 2,486,077.59
March 2016.......... 2,440,246.60
April 2016.......... 2,394,890.47
May 2016............ 2,350,006.00
June 2016........... 2,305,589.99
July 2016........... 2,261,639.19
August 2016......... 2,218,150.30
September 2016...... 2,175,120.03
October 2016........ 2,132,545.03
November 2016....... 2,090,421.93
December 2016....... 2,048,747.35
January 2017........ 2,007,517.86
February 2017....... 1,966,730.03
March 2017.......... 1,926,380.41
April 2017.......... 1,886,465.52
May 2017............ 1,846,981.87
June 2017........... 1,807,925.96
July 2017........... 1,769,294.27
August 2017......... 1,731,083.26
September 2017...... 1,693,289.40
October 2017........ 1,655,909.12
November 2017....... 1,618,938.88
December 2017....... 1,582,375.11
January 2018........ 1,546,214.22
February 2018....... 1,510,452.66
March 2018.......... 1,475,086.82
April 2018.......... 1,440,113.14
May 2018............ 1,405,528.03
June 2018........... 1,371,327.89
July 2018........... 1,337,509.15
August 2018......... 1,304,068.23
September 2018...... 1,271,001.53
A1-43
<PAGE>
Aggregate Pool 1
Distribution Date TAC Balances
- -------------------- ----------------
October 2018........ $ 1,238,305.49
November 2018....... 1,205,976.54
December 2018....... 1,174,011.10
January 2019........ 1,142,405.60
February 2019....... 1,111,156.51
March 2019.......... 1,080,260.26
April 2019.......... 1,049,713.32
May 2019............ 1,019,512.16
June 2019........... 989,653.25
July 2019........... 960,133.08
August 2019......... 930,948.15
September 2019...... 902,094.96
October 2019........ 873,570.05
November 2019....... 845,369.95
December 2019....... 817,491.19
January 2020........ 789,930.35
February 2020....... 762,683.99
March 2020.......... 735,748.70
April 2020.......... 709,121.09
May 2020............ 682,797.77
June 2020........... 656,775.38
July 2020........... 631,050.56
August 2020......... 605,619.99
September 2020...... 580,480.35
October 2020........ 555,628.32
November 2020....... 531,060.64
December 2020....... 506,774.04
January 2021........ 482,765.27
February 2021....... 459,031.09
March 2021.......... 435,568.30
April 2021.......... 412,373.71
May 2021............ 389,444.15
June 2021........... 366,776.45
July 2021........... 344,367.48
August 2021......... 322,214.14
September 2021...... 300,313.32
October 2021........ 278,661.95
November 2021....... 257,256.97
December 2021....... 236,095.35
January 2022........ 215,174.07
February 2022....... 194,490.14
March 2022.......... 174,040.58
April 2022.......... 153,822.45
May 2022............ 133,832.80
June 2022........... 114,068.74
July 2022........... 94,527.36
August 2022......... 75,205.80
September 2022...... 56,101.21
October 2022........ 37,210.76
November 2022....... 18,531.65
December 2022....... 61.76
January 2023........ 0.00
A1-44
<PAGE>
POOL 2 PAC BALANCES TABLE
The PAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 2 PAC Certificates set forth on the cover
hereof, and the other assumptions described in 'Pool 2 Yield and
Weighted Average Life Considerations--Weighted Average Lives of
the Pool 2 Certificates--Pool 2 PAC Certificates' in this Pool 2
Annex. 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 2 PAC Balances Table will be calculated on
or about the Closing Date on the basis of such revised Class
Certificate Principal Balances and on the basis of (1) the
applicable Structuring Range of the Pool 2 PAC Certificates (2)
the actual characteristics of the Pool 2 Mortgage Loans and (3)
the assumptions set forth in clauses (i), (iv) through (viii),
(x) and (xi) of the Pool 2 Modeling Assumptions. The final Pool 2
PAC Balances Table will be set forth in the Agreement, which will
be filed as an exhibit to the Detailed Description.
Pool 2 PAC Balances
--------------------------------
Distribution Date Class 2-A1 Class 2-A2
- -------------------- -------------- --------------
Initial Balance..... $42,800,000.00 $23,450,000.00
August 1998......... 42,800,000.00 23,450,000.00
September 1998...... 42,800,000.00 23,450,000.00
October 1998........ 42,800,000.00 23,450,000.00
November 1998....... 42,800,000.00 23,450,000.00
December 1998....... 42,800,000.00 23,450,000.00
January 1999........ 42,800,000.00 23,450,000.00
February 1999....... 42,800,000.00 23,450,000.00
March 1999.......... 42,800,000.00 23,450,000.00
April 1999.......... 42,800,000.00 23,450,000.00
May 1999............ 42,800,000.00 23,450,000.00
June 1999........... 42,800,000.00 23,450,000.00
July 1999........... 42,191,938.98 23,450,000.00
August 1999......... 41,551,399.24 23,450,000.00
September 1999...... 40,878,640.76 23,450,000.00
Ocotober 1999....... 40,173,940.21 23,450,000.00
November 1999....... 39,437,590.81 23,450,000.00
December 1999....... 38,669,902.13 23,450,000.00
January 2000........ 37,871,199.87 23,450,000.00
February 2000....... 37,041,862.43 23,450,000.00
March 2000.......... 36,182,284.62 23,450,000.00
April 2000.......... 35,292,837.96 23,450,000.00
May 2000............ 34,374,002.59 23,450,000.00
June 2000........... 33,426,249.77 23,450,000.00
July 2000........... 32,450,054.15 23,450,000.00
August 2000......... 31,445,915.34 23,450,000.00
September 2000...... 30,415,127.96 23,450,000.00
October 2000........ 29,358,452.97 23,450,000.00
November 2000....... 28,279,350.44 23,450,000.00
December 2000....... 27,189,472.22 23,450,000.00
January 2001........ 26,105,109.59 23,450,000.00
February 2001....... 25,026,234.49 23,450,000.00
March 2001.......... 23,952,819.04 23,450,000.00
April 2001.......... 22,884,835.49 23,450,000.00
May 2001............ 21,822,256.24 23,450,000.00
June 2001........... 20,765,053.83 23,450,000.00
July 2001........... 19,713,200.95 23,450,000.00
August 2001......... 18,666,670.43 23,450,000.00
A2-28
<PAGE>
Pool 2 PAC Balances
--------------------------------
Distribution Date Class 2-A1 Class 2-A2
- -------------------- -------------- --------------
September 2001...... $17,625,435.25 $23,450,000.00
October 2001........ 16,589,468.52 23,450,000.00
November 2001....... 15,558,743.51 23,450,000.00
December 2001....... 14,533,233.60 23,450,000.00
January 2002........ 13,512,912.33 23,450,000.00
February 2002....... 12,497,753.40 23,450,000.00
March 2002.......... 11,487,730.61 23,450,000.00
April 2002.......... 10,482,817.91 23,450,000.00
May 2002............ 9,482,989.40 23,450,000.00
June 2002........... 8,488,219.31 23,450,000.00
July 2002........... 7,498,482.00 23,450,000.00
August 2002......... 6,513,751.97 23,450,000.00
September 2002...... 5,534,003.85 23,450,000.00
October 2002........ 4,559,212.41 23,450,000.00
November 2002....... 3,589,352.55 23,450,000.00
December 2002....... 2,624,399.30 23,450,000.00
January 2003........ 1,664,327.84 23,450,000.00
February 2003....... 709,113.45 23,450,000.00
March 2003.......... 0.00 23,208,731.56
April 2003.......... 0.00 22,263,157.73
May 2003............ 0.00 21,322,367.64
June 2003........... 0.00 20,386,337.12
July 2003........... 0.00 19,455,042.09
August 2003......... 0.00 18,661,444.28
September 2003...... 0.00 17,872,544.66
October 2003........ 0.00 17,088,320.43
November 2003....... 0.00 16,308,748.93
December 2003....... 0.00 15,533,807.61
January 2004........ 0.00 14,763,474.06
February 2004....... 0.00 13,997,726.00
March 2004.......... 0.00 13,236,541.26
April 2004.......... 0.00 12,479,897.81
May 2004............ 0.00 11,727,773.73
June 2004........... 0.00 10,980,147.22
July 2004........... 0.00 10,236,996.64
August 2004......... 0.00 9,560,115.46
September 2004...... 0.00 8,906,024.44
October 2004........ 0.00 8,274,129.60
November 2004....... 0.00 7,657,634.58
December 2004....... 0.00 7,055,870.38
January 2005........ 0.00 6,468,490.83
February 2005....... 0.00 5,895,157.81
March 2005.......... 0.00 5,335,541.07
April 2005.......... 0.00 4,789,318.02
May 2005............ 0.00 4,256,173.56
June 2005........... 0.00 3,735,799.94
July 2005........... 0.00 3,227,896.57
August 2005......... 0.00 2,897,412.07
September 2005...... 0.00 2,574,854.15
October 2005........ 0.00 2,260,036.05
November 2005....... 0.00 1,952,775.41
December 2005....... 0.00 1,652,894.06
A2-29
<PAGE>
Pool 2 PAC Balances
--------------------------------
Distribution Date Class 2-A1 Class 2-A2
- -------------------- -------------- --------------
January 2006........ 0.00 $ 1,360,218.03
February 2006....... 0.00 1,074,577.35
March 2006.......... 0.00 795,806.06
April 2006.......... 0.00 523,742.03
May 2006............ 0.00 258,226.93
June 2006........... 0.00 0.00
A2-30
<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 set forth in 'Description of the
Certificates--Distribution on the Pool 1 Certificates--Interest'
in this Pool 2 Annex, and a constant prepayment rate of 125% of
the Prepayment Assumption (the '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.
TAC Balances TAC Balances TAC Balances
-------------- -------------- -------------
Class 2-A4 TAC Class 2-A5 TAC Class 2-A6
Distribution Date Balance Balance TAC Balance
- -------------------- -------------- -------------- -------------
Initial Balance..... $69,660,000.00 $13,416,000.00 $4,644,000.00
August 1998......... 69,423,880.37 13,370,525.11 4,628,258.69
September 1998...... 69,153,799.31 13,318,509.50 4,610,253.29
October 1998........ 68,849,824.33 13,259,966.17 4,589,988.29
November 1998....... 68,512,044.61 13,194,912.30 4,567,469.64
December 1998....... 68,140,571.07 13,123,369.24 4,542,704.74
January 1999........ 67,735,536.28 13,045,362.54 4,515,702.42
February 1999....... 67,297,094.43 12,960,921.89 4,486,472.96
March 1999.......... 66,825,421.26 12,870,081.13 4,455,028.08
April 1999.......... 66,320,714.00 12,772,878.25 4,421,380.93
May 1999............ 65,783,191.19 12,669,355.34 4,385,546.08
June 1999........... 65,213,092.61 12,559,558.58 4,347,539.51
July 1999........... 65,093,551.04 12,536,535.76 4,339,570.07
August 1999......... 64,967,768.11 12,512,310.89 4,331,184.54
September 1999...... 64,835,839.66 12,486,902.45 4,322,389.31
October 1999........ 64,697,868.71 12,460,330.27 4,313,191.25
November 1999....... 64,553,965.34 12,432,615.55 4,303,597.69
December 1999....... 64,404,246.49 12,403,780.81 4,293,616.43
January 2000........ 64,248,835.91 12,373,849.88 4,283,255.73
February 2000....... 64,087,871.16 12,342,849.26 4,272,524.74
March 2000.......... 63,921,496.32 12,310,806.70 4,261,433.09
April 2000.......... 63,749,854.00 12,277,749.66 4,249,990.27
May 2000............ 63,573,111.19 12,243,710.30 4,238,207.41
June 2000........... 63,391,435.81 12,208,720.97 4,226,095.72
July 2000........... 63,204,999.05 12,172,814.63 4,213,666.60
August 2000......... 63,013,979.50 12,136,025.68 4,200,931.97
September 2000...... 62,818,712.19 12,098,418.64 4,187,914.15
October 2000........ 62,619,428.06 12,060,038.00 4,174,628.54
November 2000....... 62,416,881.45 12,021,029.02 4,161,125.43
December 2000....... 62,213,402.12 11,981,840.41 4,147,560.14
January 2001........ 62,012,177.96 11,943,086.13 4,134,145.20
February 2001....... 61,813,186.44 11,904,761.83 4,120,879.10
March 2001.......... 61,616,405.22 11,866,863.23 4,107,760.35
April 2001.......... 61,421,812.12 11,829,386.04 4,094,787.47
May 2001............ 61,229,385.08 11,792,326.02 4,081,959.01
June 2001........... 61,039,102.25 11,755,678.95 4,069,273.48
July 2001........... 60,850,941.91 11,719,440.66 4,056,729.46
August 2001......... 60,664,882.50 11,683,607.00 4,044,325.50
September 2001...... 60,480,902.63 11,648,173.84 4,032,060.18
A2-31
<PAGE>
TAC Balances TAC Balances TAC Balances
-------------- -------------- -------------
Class 2-A4 TAC Class 2-A5 TAC Class 2-A6
Distribution Date Balance Balance TAC Balance
- -------------------- -------------- -------------- -------------
October 2001........ $60,298,981.04 $11,613,137.09 $4,019,932.07
November 2001....... 60,119,096.65 11,578,492.69 4,007,939.78
December 2001....... 59,941,228.52 11,544,236.60 3,996,081.90
January 2002........ 59,765,355.85 11,510,364.83 3,984,357.06
February 2002....... 59,591,458.02 11,476,873.40 3,972,763.87
March 2002.......... 59,419,514.50 11,443,758.35 3,961,300.97
April 2002.......... 59,249,504.99 11,411,015.78 3,949,967.00
May 2002............ 59,081,409.26 11,378,641.78 3,938,760.62
June 2002........... 58,915,207.27 11,346,632.51 3,927,680.48
July 2002........... 58,750,879.12 11,314,984.13 3,916,725.27
August 2002......... 58,588,405.02 11,283,692.82 3,905,893.67
September 2002...... 58,427,765.36 11,252,754.81 3,895,184.36
October 2002........ 58,268,940.66 11,222,166.35 3,884,596.04
November 2002....... 58,111,911.56 11,191,923.71 3,874,127.44
December 2002....... 57,956,658.86 11,162,023.19 3,863,777.26
January 2003........ 57,803,163.48 11,132,461.12 3,853,544.23
February 2003....... 57,651,406.50 11,103,233.85 3,843,427.10
March 2003.......... 57,501,369.12 11,074,337.76 3,833,424.61
April 2003.......... 57,353,032.66 11,045,769.25 3,823,535.51
May 2003............ 57,206,378.59 11,017,524.77 3,813,758.57
June 2003........... 57,061,388.52 10,989,600.75 3,804,092.57
July 2003........... 56,918,044.17 10,961,993.69 3,794,536.28
August 2003......... 56,792,934.36 10,937,898.47 3,786,195.62
September 2003...... 56,669,337.24 10,914,094.58 3,777,955.82
October 2003........ 56,547,234.93 10,890,578.58 3,769,815.66
November 2003....... 56,426,609.65 10,867,347.04 3,761,773.98
December 2003....... 56,307,443.76 10,844,396.58 3,753,829.58
January 2004........ 56,189,719.74 10,821,723.80 3,745,981.32
February 2004....... 56,073,420.18 10,799,325.37 3,738,228.01
March 2004.......... 55,958,527.81 10,777,197.95 3,730,568.52
April 2004.......... 55,845,025.47 10,755,338.24 3,723,001.70
May 2004............ 55,732,896.12 10,733,742.96 3,715,526.41
June 2004........... 55,622,122.82 10,712,408.84 3,708,141.52
July 2004........... 55,512,688.78 10,691,332.65 3,700,845.92
August 2004......... 55,381,383.52 10,666,044.23 3,692,092.23
September 2004...... 55,236,622.68 10,638,164.37 3,682,441.51
October 2004........ 55,078,844.81 10,607,777.52 3,671,922.99
November 2004....... 54,913,414.08 10,575,916.79 3,660,894.27
December 2004....... 54,740,829.02 10,542,678.18 3,649,388.60
January 2005........ 54,561,331.99 10,508,108.38 3,637,422.13
February 2005....... 54,375,159.17 10,472,252.88 3,625,010.61
March 2005.......... 54,182,540.69 10,435,155.99 3,612,169.38
April 2005.......... 53,983,700.81 10,396,860.90 3,598,913.39
May 2005............ 53,778,857.99 10,357,409.69 3,585,257.20
June 2005........... 53,568,225.11 10,316,843.35 3,571,215.01
July 2005........... 53,352,009.51 10,275,201.83 3,556,800.63
August 2005......... 53,048,592.57 10,216,765.98 3,536,572.84
September 2005...... 52,742,680.58 10,157,849.59 3,516,178.71
October 2005........ 52,434,392.73 10,098,475.64 3,495,626.18
November 2005....... 52,123,844.89 10,038,666.42 3,474,922.99
December 2005....... 51,811,149.75 9,978,443.66 3,454,076.65
A2-32
<PAGE>
TAC Balances TAC Balances TAC Balances
-------------- -------------- -------------
Class 2-A4 TAC Class 2-A5 TAC Class 2-A6
Distribution Date Balance Balance TAC Balance
- -------------------- -------------- -------------- -------------
January 2006........ $51,496,416.89 $ 9,917,828.44 $3,433,094.46
February 2006....... 51,179,752.83 9,856,841.29 3,411,983.52
March 2006.......... 50,861,261.14 9,795,502.15 3,390,750.74
April 2006.......... 50,541,042.48 9,733,830.40 3,369,402.83
May 2006............ 50,219,194.67 9,671,844.90 3,347,946.31
June 2006........... 49,895,102.95 9,609,427.23 3,326,340.20
July 2006........... 49,369,464.84 9,508,193.23 3,291,297.66
August 2006......... 48,893,638.40 9,416,552.58 3,259,575.89
September 2006...... 48,420,711.34 9,325,470.33 3,228,047.42
October 2006........ 47,950,660.11 9,234,941.95 3,196,710.67
November 2006....... 47,483,461.25 9,144,962.91 3,165,564.08
December 2006....... 47,019,091.47 9,055,528.73 3,134,606.10
January 2007........ 46,557,527.64 8,966,634.95 3,103,835.18
February 2007....... 46,098,746.74 8,878,277.15 3,073,249.78
March 2007.......... 45,642,725.89 8,790,450.91 3,042,848.39
April 2007.......... 45,189,442.35 8,703,151.86 3,012,629.49
May 2007............ 44,738,873.52 8,616,375.64 2,982,591.57
June 2007........... 44,290,996.95 8,530,117.93 2,952,733.13
July 2007........... 43,845,790.30 8,444,374.43 2,923,052.69
August 2007......... 43,445,921.76 8,367,362.71 2,896,394.78
September 2007...... 43,048,037.54 8,290,733.16 2,869,869.17
October 2007........ 42,652,121.23 8,214,482.61 2,843,474.75
November 2007....... 42,258,156.56 8,138,607.93 2,817,210.44
December 2007....... 41,866,127.31 8,063,106.00 2,791,075.15
January 2008........ 41,476,017.33 7,987,973.71 2,765,067.82
February 2008....... 41,087,810.59 7,913,207.97 2,739,187.37
March 2008.......... 40,701,491.13 7,838,805.70 2,713,432.74
April 2008.......... 40,317,043.07 7,764,763.85 2,687,802.87
May 2008............ 39,934,450.61 7,691,079.38 2,662,296.71
June 2008........... 39,553,698.03 7,617,749.25 2,636,913.20
July 2008........... 39,174,769.71 7,544,770.46 2,611,651.31
August 2008......... 38,797,650.09 7,472,140.02 2,586,510.01
September 2008...... 38,422,323.69 7,399,854.93 2,561,488.25
October 2008........ 38,048,775.13 7,327,912.25 2,536,585.01
November 2008....... 37,676,989.08 7,256,309.01 2,511,799.27
December 2008....... 37,306,950.31 7,185,042.28 2,487,130.02
January 2009........ 36,938,643.65 7,114,109.15 2,462,576.24
February 2009....... 36,572,054.03 7,043,506.70 2,438,136.94
March 2009.......... 36,207,166.43 6,973,232.05 2,413,811.10
April 2009.......... 35,843,965.93 6,903,282.33 2,389,597.73
May 2009............ 35,482,437.66 6,833,654.66 2,365,495.84
June 2009........... 35,122,566.84 6,764,346.21 2,341,504.46
July 2009........... 34,764,338.75 6,695,354.13 2,317,622.58
August 2009......... 34,407,738.77 6,626,675.61 2,293,849.25
September 2009...... 34,052,752.33 6,558,307.86 2,270,183.49
October 2009........ 33,699,364.92 6,490,248.06 2,246,624.33
November 2009....... 33,347,562.14 6,422,493.45 2,223,170.81
December 2009....... 32,997,329.62 6,355,041.26 2,199,821.97
January 2010........ 32,648,653.10 6,287,888.75 2,176,576.87
February 2010....... 32,301,518.35 6,221,033.16 2,153,434.56
March 2010.......... 31,955,911.23 6,154,471.79 2,130,394.08
A2-33
<PAGE>
TAC Balances TAC Balances TAC Balances
-------------- -------------- -------------
Class 2-A4 TAC Class 2-A5 TAC Class 2-A6
Distribution Date Balance Balance TAC Balance
- -------------------- -------------- -------------- -------------
April 2010.......... $31,611,817.67 $ 6,088,201.92 $2,107,454.51
May 2010............ 31,269,223.65 6,022,220.85 2,084,614.91
June 2010........... 30,928,115.25 5,956,525.90 2,061,874.35
July 2010........... 30,588,478.58 5,891,114.39 2,039,231.91
August 2010......... 30,250,299.83 5,825,983.67 2,016,686.66
September 2010...... 29,913,565.28 5,761,131.09 1,994,237.69
October 2010........ 29,578,261.22 5,696,554.01 1,971,884.08
November 2010....... 29,244,374.06 5,632,249.82 1,949,624.94
December 2010....... 28,911,890.25 5,568,215.90 1,927,459.35
January 2011........ 28,580,796.29 5,504,449.66 1,905,386.42
February 2011....... 28,251,078.77 5,440,948.50 1,883,405.25
March 2011.......... 27,922,724.33 5,377,709.87 1,861,514.96
April 2011.......... 27,595,719.65 5,314,731.19 1,839,714.64
May 2011............ 27,270,051.50 5,252,009.92 1,818,003.43
June 2011........... 26,945,706.71 5,189,543.51 1,796,380.45
July 2011........... 26,622,672.16 5,127,329.45 1,774,844.81
August 2011......... 26,300,934.78 5,065,365.22 1,753,395.65
September 2011...... 25,980,481.58 5,003,648.30 1,732,032.11
October 2011........ 25,661,299.62 4,942,176.22 1,710,753.31
November 2011....... 25,343,376.00 4,880,946.49 1,689,558.40
December 2011....... 25,026,697.92 4,819,956.64 1,668,446.53
January 2012........ 24,711,252.58 4,759,204.20 1,647,416.84
February 2012....... 24,397,027.29 4,698,686.74 1,626,468.49
March 2012.......... 24,084,009.38 4,638,401.81 1,605,600.63
April 2012.......... 23,772,186.24 4,578,346.98 1,584,812.42
May 2012............ 23,461,545.34 4,518,519.84 1,564,103.02
June 2012........... 23,152,074.19 4,458,917.99 1,543,471.61
July 2012........... 22,843,760.33 4,399,539.03 1,522,917.36
August 2012......... 22,536,591.38 4,340,380.56 1,502,439.43
September 2012...... 22,230,555.01 4,281,440.22 1,482,037.00
October 2012........ 21,925,638.94 4,222,715.65 1,461,709.26
November 2012....... 21,621,830.94 4,164,204.48 1,441,455.40
December 2012....... 21,319,118.82 4,105,904.36 1,421,274.59
January 2013........ 21,017,490.47 4,047,812.98 1,401,166.03
February 2013....... 20,716,933.80 3,989,927.99 1,381,128.92
March 2013.......... 20,417,436.78 3,932,247.08 1,361,162.45
April 2013.......... 20,118,987.45 3,874,767.95 1,341,265.83
May 2013............ 19,821,573.86 3,817,488.30 1,321,438.26
June 2013........... 19,525,184.14 3,760,405.83 1,301,678.94
July 2013........... 19,229,806.45 3,703,518.28 1,281,987.10
August 2013......... 18,935,429.02 3,646,823.37 1,262,361.93
September 2013...... 18,642,040.09 3,590,318.83 1,242,802.67
October 2013........ 18,349,627.98 3,534,002.43 1,223,308.53
November 2013....... 18,058,181.04 3,477,871.90 1,203,878.74
December 2013....... 17,767,687.67 3,421,925.03 1,184,512.51
January 2014........ 17,478,136.32 3,366,159.59 1,165,209.09
February 2014....... 17,189,515.46 3,310,573.35 1,145,967.70
March 2014.......... 16,901,813.65 3,255,164.11 1,126,787.58
April 2014.......... 16,615,019.45 3,199,929.67 1,107,667.96
May 2014............ 16,329,121.48 3,144,867.84 1,088,608.10
June 2014........... 16,044,108.41 3,089,976.43 1,069,607.23
A2-34
<PAGE>
TAC Balances TAC Balances TAC Balances
-------------- -------------- -------------
Class 2-A4 TAC Class 2-A5 TAC Class 2-A6
Distribution Date Balance Balance TAC Balance
- -------------------- -------------- -------------- -------------
July 2014........... $15,759,968.94 $ 3,035,253.28 $1,050,664.60
August 2014......... 15,476,691.81 2,980,696.20 1,031,779.45
September 2014...... 15,194,265.83 2,926,303.05 1,012,951.06
October 2014........ 14,912,679.81 2,872,071.67 994,178.65
November 2014....... 14,631,922.63 2,817,999.91 975,461.51
December 2014....... 14,351,983.19 2,764,085.65 956,798.88
January 2015........ 14,072,850.45 2,710,326.75 938,190.03
February 2015....... 13,794,513.40 2,656,721.10 919,634.23
March 2015.......... 13,516,961.06 2,603,266.57 901,130.74
April 2015.......... 13,240,182.50 2,549,961.07 882,678.83
May 2015............ 12,964,166.82 2,496,802.50 864,277.79
June 2015........... 12,688,903.18 2,443,788.76 845,926.88
July 2015........... 12,414,380.74 2,390,917.77 827,625.38
August 2015......... 12,140,588.71 2,338,187.46 809,372.58
September 2015...... 11,867,516.37 2,285,595.74 791,167.76
October 2015........ 11,595,152.98 2,233,140.57 773,010.20
November 2015....... 11,323,487.87 2,180,819.89 754,899.19
December 2015....... 11,052,510.40 2,128,631.63 736,834.03
January 2016........ 10,782,209.97 2,076,573.77 718,814.00
February 2016....... 10,512,576.00 2,024,644.27 700,838.40
March 2016.......... 10,243,597.95 1,972,841.09 682,906.53
April 2016.......... 9,975,265.31 1,921,162.21 665,017.69
May 2016............ 9,707,567.62 1,869,605.62 647,171.17
June 2016........... 9,440,494.42 1,818,169.30 629,366.29
July 2016........... 9,174,035.32 1,766,851.25 611,602.35
August 2016......... 8,870,226.36 1,708,339.89 591,348.42
September 2016...... 8,492,750.56 1,635,640.85 566,183.37
October 2016........ 8,116,598.23 1,563,196.70 541,106.55
November 2016....... 7,741,754.30 1,491,004.53 516,116.95
December 2016....... 7,368,203.73 1,419,061.46 491,213.58
January 2017........ 6,995,931.56 1,347,364.60 466,395.44
February 2017....... 6,624,922.88 1,275,911.07 441,661.53
March 2017.......... 6,255,162.85 1,204,698.03 417,010.86
April 2017.......... 5,886,636.69 1,133,722.62 392,442.45
May 2017............ 5,519,329.68 1,062,982.01 367,955.31
June 2017........... 5,153,227.12 992,473.37 343,548.47
July 2017........... 4,788,314.42 922,193.89 319,220.96
August 2017......... 4,424,577.02 852,140.76 294,971.80
September 2017...... 4,062,000.42 782,311.19 270,800.03
October 2017........ 3,700,570.16 712,702.40 246,704.68
November 2017....... 3,340,271.87 643,311.62 222,684.79
December 2017....... 2,981,091.20 574,136.08 198,739.41
January 2018........ 2,623,013.87 505,173.04 174,867.59
February 2018....... 2,266,025.65 436,419.75 151,068.38
March 2018.......... 1,910,112.36 367,873.49 127,340.82
April 2018.......... 1,555,259.88 299,531.53 103,683.99
May 2018............ 1,201,454.12 231,391.16 80,096.94
June 2018........... 848,681.07 163,449.69 56,578.74
July 2018........... 497,247.87 95,766.26 33,149.86
August 2018......... 146,817.30 28,275.93 9,787.82
September 2018...... 0.00 0.00 0.00
A2-35
<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 and any Mortgage Loans
originated or acquired under the Company's Enhanced Streamlined
Refinance Program shall be designated as such.
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007676075 MORTGAGORS: WINDERS MONICA
WINDERS SCOTT
REGION CODE ADDRESS : 12236 MCCONNELL DRIVE
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,556.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,602.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007676786 MORTGAGORS: STRIPE DENNIS
STRIPE DIANE
REGION CODE ADDRESS : 56 ACKERMAN DRIVE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,178.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007676794 MORTGAGORS: GUNVILLE DAVID
GUNVILLE LISA
REGION CODE ADDRESS : 335 CROSS STREET
01 CITY : NORWELL
STATE/ZIP : MA 02061
MORTGAGE AMOUNT : 437,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,977.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99202
----------------------------------------------------------------
0 0007676802 MORTGAGORS: FLECK DAVID
FLECK EILEEN
REGION CODE ADDRESS : 1 ALPINE PLACE
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,620.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.95756
----------------------------------------------------------------
0 0007676810 MORTGAGORS: BARRAZA ROBERT
REGION CODE ADDRESS : 880 WOODED LAKE DRIVE
01 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,904.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,515.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.74014
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,550.00
P & I AMT: 11,855.26
UPB AMT: 1,737,237.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007676828 MORTGAGORS: SOCIA ROBERT
SOCIA BETH
REGION CODE ADDRESS : 47111 SUNNYBROOK LANE
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,248.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.46166
----------------------------------------------------------------
0 0007676844 MORTGAGORS: PANDE GIRISH
PANDE POONAM
REGION CODE ADDRESS : 303 PERRY CREEK DRIVE
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 227,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,170.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,550.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98662
----------------------------------------------------------------
0 0007676851 MORTGAGORS: SUTHERLAND SUSAN
SUTHERLAND RAY
REGION CODE ADDRESS : 5663 KIRKRIDGE TRAIL
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,958.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 47.24409
----------------------------------------------------------------
0 0007676869 MORTGAGORS: JACKSON JAMES
JACKSON PATRICIA
REGION CODE ADDRESS : 7358 HUNTING LAKE DRIVE
01 CITY : CONCORD
STATE/ZIP : OH 44077
MORTGAGE AMOUNT : 313,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,774.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98876
----------------------------------------------------------------
0 0007676877 MORTGAGORS: WHITE CHARLES
WHITE SHEILA
REGION CODE ADDRESS : 1760 CHASE DRIVE
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 240,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,880.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98696
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,150.00
P & I AMT: 9,001.45
UPB AMT: 1,323,031.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007676885 MORTGAGORS: BAUMANN CHARLES
BAUMANN CARLA
REGION CODE ADDRESS : 47 CAMEO DRIVE
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08003
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,661.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 77.51938
----------------------------------------------------------------
0 0007676893 MORTGAGORS: REEVES KURT
REEVES SHARON
REGION CODE ADDRESS : 4138 OAK TREE CIRCLE
01 CITY : OAKLAND TWP
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 331,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,599.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007676901 MORTGAGORS: CRUPI ARMAND
CRUPI TAMI
REGION CODE ADDRESS : 79 SUMMIT DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,351.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.90701
----------------------------------------------------------------
0 0007676919 MORTGAGORS: ELLIS MARK
ELLIS MARGARET
REGION CODE ADDRESS : 111 N MAIN ST
01 CITY : PETERSHAM
STATE/ZIP : MA 01366
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,858.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.19047
----------------------------------------------------------------
0 0007676927 MORTGAGORS: BAYYA KRANTHI
PALAPARTHI VENU
REGION CODE ADDRESS : 25 HUNTERS RUN
01 CITY : OAKLAND
STATE/ZIP : NJ 07436
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.21053
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,600.00
P & I AMT: 9,723.58
UPB AMT: 1,445,095.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007676935 MORTGAGORS: WALSH THOMAS
WALSH PATRICIA
REGION CODE ADDRESS : 5 ALLYSON PLACE
01 CITY : EAST SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,045.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007676943 MORTGAGORS: BELL RONALD
BELL KATHLEEN
REGION CODE ADDRESS : 11467 LAKE STONEBRIGE
01 CITY : FISHERS
STATE/ZIP : IN 46038
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,470.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.67879
----------------------------------------------------------------
0 0007676950 MORTGAGORS: KELLER JAMES
KELLER MOLLY
REGION CODE ADDRESS : 25 FLAGSTONE PATH
01 CITY : THE WOODLAN
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,472.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/17
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.13414
----------------------------------------------------------------
0 0007676968 MORTGAGORS: HEALY EILEEN
REGION CODE ADDRESS : 352 NEFF
01 CITY : GROSSE POINTE
STATE/ZIP : MI 48230
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,919.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,637.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007676976 MORTGAGORS: VANCE FLORA
VANCE SAMUEL
REGION CODE ADDRESS : 3901 N RIVER HEIGHTS PLACE
01 CITY : TUCSON
STATE/ZIP : AZ 85750
MORTGAGE AMOUNT : 347,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,424.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,300.00
P & I AMT: 10,395.86
UPB AMT: 1,492,332.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007676984 MORTGAGORS: CARDIERO JOHN
CARDIERO JOAN
REGION CODE ADDRESS : 5059 HILLTOP COURT
01 CITY : CLARKSTON
STATE/ZIP : MI 48346
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,336.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 72.81553
----------------------------------------------------------------
0 0007676992 MORTGAGORS: FICK RANDOLPH
FICK KIM
REGION CODE ADDRESS : 226 BUENA VISTA AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,409.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007677008 MORTGAGORS: COLNER GREGORY
COLNER LAURIN
REGION CODE ADDRESS : 2519 MEADOWLARK DRIVE
01 CITY : PROSPECT
STATE/ZIP : KY 40059
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,031.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.24223
----------------------------------------------------------------
0 0007677016 MORTGAGORS: HOURIGAN JOHN
HOURIGAN MAUREEN
REGION CODE ADDRESS : 60 BEAVER DAM ROAD
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 319,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,416.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99499
----------------------------------------------------------------
0 0007677024 MORTGAGORS: BOLAR HENRY
BOLAR MARGIE
REGION CODE ADDRESS : 45667 ADDINGTON LANE
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,027.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,563.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.07309
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,650.00
P & I AMT: 9,569.07
UPB AMT: 1,430,221.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677032 MORTGAGORS: OGLETREE CLARENCE
REGION CODE ADDRESS : 13762 TIMBERWYCK
01 CITY : UTICA
STATE/ZIP : MI 48315
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,042.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677040 MORTGAGORS: BOYD DAVID
BOYD SUSAN
REGION CODE ADDRESS : 815 LOGGERS CIRCLE
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,603.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.91069
----------------------------------------------------------------
0 0007677057 MORTGAGORS: NICHOLS MATTHEW
NICHOLS SHARON
REGION CODE ADDRESS : 1027 POINTE PLACE
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,642.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007677065 MORTGAGORS: WARSOP THOMAS
WARSOP CHRISTINE
REGION CODE ADDRESS : 43368 DEEPSPRING COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 256,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,659.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99929
----------------------------------------------------------------
0 0007677073 MORTGAGORS: FEYEN MICHAEL
REGION CODE ADDRESS : 3613 WOLCOTT DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 276,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,957.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.26217
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,377,375.00
P & I AMT: 9,414.64
UPB AMT: 1,370,905.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677081 MORTGAGORS: EDWARDS TODD
EDWARDS ELIZABETH
REGION CODE ADDRESS : 916 BRAZOS DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,617.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,517.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.07042
----------------------------------------------------------------
0 0007677099 MORTGAGORS: KLUSMEYER THOMAS
KLUSMEYER FLORENCE
REGION CODE ADDRESS : 10 PERTH COURT
01 CITY : SPRINGBORO
STATE/ZIP : OH 45066
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,746.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677107 MORTGAGORS: LOMBARDO CHARLOTTE
LOMBARDO PAUL
REGION CODE ADDRESS : 1922 BLUE GRASS DRIVE
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 317,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,975.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99234
----------------------------------------------------------------
0 0007677115 MORTGAGORS: KANAHELE ALSON
KANAHELE DONNA
REGION CODE ADDRESS : 9 VIA LIEBRE
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 232,792.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,739.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.88223
----------------------------------------------------------------
0 0007677123 MORTGAGORS: COLE MYLIEN
COLE TIMOTHY
REGION CODE ADDRESS : 330 EAST OAK ARBOR COURT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,791.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,892.00
P & I AMT: 9,002.88
UPB AMT: 1,326,870.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677131 MORTGAGORS: HELLER DAVID
HELLER KARY
REGION CODE ADDRESS : 7403 FORSUM ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 320,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,412.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007677149 MORTGAGORS: TULLOCH JEFFREY
TULLOCH KAREN
REGION CODE ADDRESS : 25 LANTERN DRIVE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,550.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.09557
----------------------------------------------------------------
0 0007677156 MORTGAGORS: JOHNSON CHRIS
JOHNSON MICHELE
REGION CODE ADDRESS : 45474 MUIRFIELD DRIVE
01 CITY : CANTON
STATE/ZIP : MI 48188
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,358.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99393
----------------------------------------------------------------
0 0007677164 MORTGAGORS: HENKEL HENRY
HENKEL KATHERINE
REGION CODE ADDRESS : 20 PROVIDENCE DRIVE
01 CITY : PRINCETON JUNCTION
STATE/ZIP : NJ 08550
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,809.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,687.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.73118
----------------------------------------------------------------
0 0007677172 MORTGAGORS: BURKHARDT BRYAN
BURKHARDT KIMBERLY
REGION CODE ADDRESS : 600 AKIN COURT
01 CITY : FRANKLIN
STATE/ZIP : TN 37064
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,914.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,050.00
P & I AMT: 10,731.27
UPB AMT: 1,574,045.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677180 MORTGAGORS: LEWELLYN DONALD
REGION CODE ADDRESS : 1344 KINSDALE DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 326,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,384.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99019
----------------------------------------------------------------
0 0007677198 MORTGAGORS: FARLESS REBECCA
FARLESS MICHAEL
REGION CODE ADDRESS : 23625 BROADMOOR PARK LANE
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,502.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.80734
----------------------------------------------------------------
0 0007677206 MORTGAGORS: HANDT LEON
HANDT CINDY
REGION CODE ADDRESS : 5503 WOODFIELD PARKWAY
01 CITY : GRAND BLANC
STATE/ZIP : MI 48439
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,458.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.69423
----------------------------------------------------------------
0 0007677214 MORTGAGORS: ORECHOFF MICHAEL
ORECHOFF BARBARA
REGION CODE ADDRESS : 4371 CLEARWOOD RD
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,442.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.15151
----------------------------------------------------------------
0 0007677222 MORTGAGORS: SULLIVAN STEPHEN
SULLIVAN SANDRA
REGION CODE ADDRESS : 4805 MILAN COURT
01 CITY : NORTH RALEIGH
STATE/ZIP : NC 27613
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,536.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99428
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,100.00
P & I AMT: 10,283.97
UPB AMT: 1,518,324.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677230 MORTGAGORS: BROOKS MARTIN
BROOKS DENISE
REGION CODE ADDRESS : 6285 WHISPERING BROOK COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,545.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677248 MORTGAGORS: GIANSANTE DIANE
GIANSANTE THOMAS
REGION CODE ADDRESS : 10 VIA LIEBRE
01 CITY : RANCHO SANTA MARGARIT
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,451.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677255 MORTGAGORS: RAFFERTY KEVIN
CERUL-RAFFERTY DIANE
REGION CODE ADDRESS : 405-16 CAMILLE CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95134
MORTGAGE AMOUNT : 255,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,651.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677263 MORTGAGORS: CAMPBELL JOSEPH
CAMPBELL PATRICIA
REGION CODE ADDRESS : 50 CARNOUSTIE LANE
01 CITY : SPRINGBORO
STATE/ZIP : OH 45066
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,034.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677271 MORTGAGORS: KERR DIANN
REGION CODE ADDRESS : 1788 RING NECK DRIVE
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 226,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,319.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,506.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98968
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,610.00
P & I AMT: 8,809.28
UPB AMT: 1,306,003.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677289 MORTGAGORS: FERGER DAVID
FERGER GERALYN
REGION CODE ADDRESS : 3704 MANACOR CT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,822.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677297 MORTGAGORS: DOHERTY TERENCE
DOHERTY KATHRYN
REGION CODE ADDRESS : 11545 KINGS KNIGHT CIRCLE
01 CITY : GRAND BLANC
STATE/ZIP : MI 48439
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,722.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677305 MORTGAGORS: METZROTH RIKO
METZROTH GRETCHEN
REGION CODE ADDRESS : 14201 ROBCASTE ROAD
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,619.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.97297
----------------------------------------------------------------
0 0007677313 MORTGAGORS: FLOYD SUE
FLOYD RANDALL
REGION CODE ADDRESS : 43746 VINTAGE OAKS DR,
01 CITY : STERLING HEIGHTS
STATE/ZIP : MI 48315
MORTGAGE AMOUNT : 241,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,025.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.27777
----------------------------------------------------------------
0 0007677321 MORTGAGORS: MONICH ALLAN
MONICH JEANNE
REGION CODE ADDRESS : 631 DORNOCH
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,809.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,050.00
P & I AMT: 9,158.69
UPB AMT: 1,371,999.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677339 MORTGAGORS: WANG DAZONG
WANG MARY
REGION CODE ADDRESS : 1760 PICADILLY
01 CITY : TROY
STATE/ZIP : MI 48084
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,548.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.52941
----------------------------------------------------------------
0 0007677347 MORTGAGORS: PARISI ROBERTA
REGION CODE ADDRESS : 9527 N.W. ENGLEMAN
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 290,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,904.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677354 MORTGAGORS: JOHNSON BILLY
REGION CODE ADDRESS : 3685 SCHOONER RIDGE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30005
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,921.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677362 MORTGAGORS: EMORY GARY
REGION CODE ADDRESS : 2077 AUTUMN LEAVES CIRCLE
01 CITY : GREEN BAY
STATE/ZIP : WI 54313
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,681.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007677370 MORTGAGORS: JOELS DOUGLAS
JOELS MICHALA
REGION CODE ADDRESS : 43136 PONDVIEW DRIVE
01 CITY : STERLING HEIGHTS
STATE/ZIP : MI 48314
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,947.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.65517
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,000.00
P & I AMT: 9,661.71
UPB AMT: 1,425,003.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677388 MORTGAGORS: GRAHAM JOHN
GRAHAM MARGARET
REGION CODE ADDRESS : 3505 PURDUE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,462.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.16666
----------------------------------------------------------------
0 0007677396 MORTGAGORS: GATES GERALD
GATES CYNTHIA
REGION CODE ADDRESS : 248 NORTH WIND COURT
01 CITY : PONTE VEDRA
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,127.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.96770
----------------------------------------------------------------
0 0007677404 MORTGAGORS: BANKS DEBRA
BANKS JOHN
REGION CODE ADDRESS : 7 HUCKLEBERRY LANE
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,462.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.97905
----------------------------------------------------------------
0 0007677412 MORTGAGORS: SHAVER ROBERT
PASTOR-SHAVER LYNN
REGION CODE ADDRESS : 15710 CARBERRY COURT
01 CITY : FT. MYERS
STATE/ZIP : FL 33912
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,750.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 57.40000
----------------------------------------------------------------
0 0007677420 MORTGAGORS: KASSIR ABDUL
REGION CODE ADDRESS : 206 GURREGO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,401.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,049,000.00
P & I AMT: 13,684.44
UPB AMT: 2,040,203.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677438 MORTGAGORS: IVEY LOUIS
IVEY PATRICIA
REGION CODE ADDRESS : 210 WYNDEN CRESCENT
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 381,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,939.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99664
----------------------------------------------------------------
0 0007677446 MORTGAGORS: DALY WILLIAM
REGION CODE ADDRESS : 3388 LYTHAM LANE
01 CITY : BEAVERCREEK
STATE/ZIP : OH 45440
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,179.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677453 MORTGAGORS: SCHULTZ JAMES
REGION CODE ADDRESS : 4011 TURNBERRY COURT
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32225
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,087.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007677461 MORTGAGORS: FRIEND RICHARD
FRIEND ELIZABETH
REGION CODE ADDRESS : 2120 CLARK LANE,A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,036.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677479 MORTGAGORS: WALLACE DOUGLAS
REGION CODE ADDRESS : 5314 LANCELOT DRIVE
01 CITY : ST.CHARLES
STATE/ZIP : MO 63304
MORTGAGE AMOUNT : 262,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,214.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.98964
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,200.00
P & I AMT: 10,421.67
UPB AMT: 1,534,457.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677487 MORTGAGORS: TRINKWON JEFFREY
REGION CODE ADDRESS : 1273 KINGSWAY LANE
01 CITY : TARPON SPRINGS
STATE/ZIP : FL 34689
MORTGAGE AMOUNT : 256,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,511.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99613
----------------------------------------------------------------
0 0007677495 MORTGAGORS: ALFORD DARWIN
ALFORD LAURIE
REGION CODE ADDRESS : 48684 CASTLESIDE
01 CITY : CANTON
STATE/ZIP : MI 48187
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,376.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.74931
----------------------------------------------------------------
0 0007677503 MORTGAGORS: BECK JAMES
REGION CODE ADDRESS : 1640 MASTERS CT
01 CITY : SUPERIOR
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,444.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677511 MORTGAGORS: MCNEIL KURT
REGION CODE ADDRESS : 17175 TALL PINES COURT
01 CITY : NORTHVILLE
STATE/ZIP : MI 48167
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,879.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.11764
----------------------------------------------------------------
0 0007677529 MORTGAGORS: MEEKS SEAN
LONGNECKER-MEEK SHERI
REGION CODE ADDRESS : 795 SUNSET GLEN DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 375,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,616.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,100.00
P & I AMT: 9,730.78
UPB AMT: 1,466,828.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677537 MORTGAGORS: MONKABA RICHARD
REGION CODE ADDRESS : 7907 BRIDGE VALLEY
01 CITY : CLARKSTON
STATE/ZIP : MI 48346
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 : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 40.26845
----------------------------------------------------------------
0 0007677545 MORTGAGORS: KASTNER MICHAEL
KASTNER LINDA
REGION CODE ADDRESS : 4101 SW 30TH CT
01 CITY : GRESHAM
STATE/ZIP : OR 97080
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,602.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.91075
----------------------------------------------------------------
0 0007677552 MORTGAGORS: DAVIS JOANNE
DAVIS RICHARD
REGION CODE ADDRESS : 4812 SNAPJACK CIRCLE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,092.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677560 MORTGAGORS: YOUNGKRANTZ DALE
YOUNGKRANTZ CAROL
REGION CODE ADDRESS : 2424 107TH DRIVE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 233,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,016.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,552.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98191
----------------------------------------------------------------
0 0007677578 MORTGAGORS: DUFFIE TIMOTHY
DUFFIE SUSAN
REGION CODE ADDRESS : 419 PINE HOLLOW
01 CITY : BALLWIN
STATE/ZIP : MO 63021
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,633.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.96000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,256,500.00
P & I AMT: 8,354.40
UPB AMT: 1,253,838.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677586 MORTGAGORS: PONCE JOE
PONCE ROBERTA
REGION CODE ADDRESS : 48089 HILLTOP DRIVE
01 CITY : PLYMOUTH
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,530.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677594 MORTGAGORS: LURIE BRIAN
LURIE DEBORAH
REGION CODE ADDRESS : 11 DUNMORE ROAD
01 CITY : NEW CITY
STATE/ZIP : NY 10956
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,747.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677602 MORTGAGORS: CULVER CHARLES
MCHENRY-CULVER ANTOINETTE
REGION CODE ADDRESS : 5502 RIDGEVIEW DRIVE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,980.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677610 MORTGAGORS: COMBS KEVIN
COMBS TRACY
REGION CODE ADDRESS : 3176 WALLINGFORD LANE
01 CITY : KESWICK
STATE/ZIP : VA 22947
MORTGAGE AMOUNT : 316,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,128.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0007677628 MORTGAGORS: GEORGE ELISA
SAINT-ANDRE J
REGION CODE ADDRESS : 6113 UPPER YORK ROAD
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,357.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.18919
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,700.00
P & I AMT: 10,772.94
UPB AMT: 1,596,743.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677636 MORTGAGORS: STOKES LEON
REGION CODE ADDRESS : 2002 MAPLERIDGE RD.
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,139.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677644 MORTGAGORS: DREW MICHAEL
DREW LISA
REGION CODE ADDRESS : 312 WASHINGTON AVE.
01 CITY : SPRING LAKE
STATE/ZIP : NJ 07762
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,300.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.33333
----------------------------------------------------------------
0 0007677651 MORTGAGORS: TAYLOR MICHELE
TAYLOR DOUGLAS
REGION CODE ADDRESS : 8228 VICTORY TRAIL
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 354,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,248.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99345
----------------------------------------------------------------
0 0007677669 MORTGAGORS: SCAFF SCOTT
SCAFF MARILYN
REGION CODE ADDRESS : 7701 SAN ISABEL
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 252,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,641.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99286
----------------------------------------------------------------
0 0007677677 MORTGAGORS: HAMAMEH IMAD
HAMAMEH PATRICIA
REGION CODE ADDRESS : 1130 INDIAN PIPE
01 CITY : LAKE ORION
STATE/ZIP : MI 48360
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,198.76 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 : 79.70805
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,700.00
P & I AMT: 10,533.74
UPB AMT: 1,572,527.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677685 MORTGAGORS: WILLIAMSON JOHN
EVANS PATRICIA
REGION CODE ADDRESS : 1052 DEL CAMBRE DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,007.72 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 : 65.93406
----------------------------------------------------------------
0 0007677693 MORTGAGORS: HONNEUS LINDA
REGION CODE ADDRESS : 188 WEST CANTON STREET, 3 ,
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 347,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,561.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,340.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677701 MORTGAGORS: MOLLITOR RONALD
MOLLITOR CAROL
REGION CODE ADDRESS : 110 E GUNN RD,
01 CITY : ROCHESTER
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,642.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677719 MORTGAGORS: ELLIOTT GREGORY
ELLIOTT SHERRY
REGION CODE ADDRESS : 45169 ROUNDVIEW DRIVE
01 CITY : NOVI
STATE/ZIP : MI 48375
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,372.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677727 MORTGAGORS: PRICE RONALD
PRICE DIANE
REGION CODE ADDRESS : 851 S COTTONTAIL LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,314.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,600.00
P & I AMT: 9,754.49
UPB AMT: 1,467,898.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677735 MORTGAGORS: PLEDGER RANDALL
REGION CODE ADDRESS : 4758 FOREST RIDGE COURT
01 CITY : ROCHESTER
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,145.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 87.08010
----------------------------------------------------------------
0 0007677743 MORTGAGORS: HAYDEN BRADLEY
CADWALLADER DANA
REGION CODE ADDRESS : 213 ROBERTS ROAD
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,564.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677750 MORTGAGORS: RUNYAN DONALD
RUNYAN PEGGY
REGION CODE ADDRESS : 44 BLUE HERON DR
01 CITY : THORNTON
STATE/ZIP : CO 80241
MORTGAGE AMOUNT : 311,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,851.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99696
----------------------------------------------------------------
0 0007677768 MORTGAGORS: MCCLELLAND BRIAN
MCCLELLAND CAROL
REGION CODE ADDRESS : 9266 CHEVOIT DRIVE, LOT 7 CHEVOIT D
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,606.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 40.84014
----------------------------------------------------------------
0 0007677776 MORTGAGORS: MIZOUNI JAMES
MIZOUNI JULIE
REGION CODE ADDRESS : 57 HORSESHOE HILL ROAD
01 CITY : POUND RIDGE
STATE/ZIP : NY 10576
MORTGAGE AMOUNT : 378,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,900.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,678.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,950.00
P & I AMT: 10,972.84
UPB AMT: 1,615,068.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677784 MORTGAGORS: GROVER RICHARD
GROVER BARBARA
REGION CODE ADDRESS : 18 FOX VINE LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 319,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,233.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677792 MORTGAGORS: FENDERSON JERRY
REGION CODE ADDRESS : 535 MERRILL STREET
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,375.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.16666
----------------------------------------------------------------
0 0007677800 MORTGAGORS: BARRETT SCOTT
REGION CODE ADDRESS : 10808 JORDAN RAE LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,441.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 92.34320
----------------------------------------------------------------
0 0007677818 MORTGAGORS: PEREZ ROLAND
PEREZ RHONDA
REGION CODE ADDRESS : 27760 KLAUS COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,512.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677826 MORTGAGORS: CROFT HUGO
CROFT CAROLYNN
REGION CODE ADDRESS : 1643 SAN LEANDRO LANE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93108
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,904.71 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 : 67.70833
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,861,150.00
P & I AMT: 12,677.65
UPB AMT: 1,856,466.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677834 MORTGAGORS: GOUD REDDY
GOUD SAVITRI
REGION CODE ADDRESS : 27905 SAN NICOLAS DR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 442,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,822.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,909.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0007677842 MORTGAGORS: BROWN-SHARRIEFF JAMEELAH-DOSIAH
AYEDUN TAIWO
REGION CODE ADDRESS : 1258 GOLFVIEW
01 CITY : WOODRIDGE
STATE/ZIP : IL 60517
MORTGAGE AMOUNT : 238,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,938.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,546.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007677859 MORTGAGORS: SMITH MICHAEL
DEARWESTER DONALD
REGION CODE ADDRESS : 3720 SPYGLASS LOOP
01 CITY : RIO RANCHO
STATE/ZIP : NM 87124
MORTGAGE AMOUNT : 239,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,539.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99666
----------------------------------------------------------------
0 0007677867 MORTGAGORS: DICK JOHN
VALENTA MARY
REGION CODE ADDRESS : 821 LAKE SHORE ROAD
01 CITY : GROSSE POINT SHORES
STATE/ZIP : MI 48236
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,228.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.14991
----------------------------------------------------------------
0 0007677875 MORTGAGORS: JURGENS DIANE
JURGENS PETER
REGION CODE ADDRESS : 3559 CEDAR SHAKE
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48309
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,336.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.06 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: 1,744,250.00
P & I AMT: 11,421.50
UPB AMT: 1,740,864.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677883 MORTGAGORS: LADEFIAN LEO
LADEFIAN GAY
REGION CODE ADDRESS : 1850 BISHOPS GREEN DRIVE
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 307,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,948.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677891 MORTGAGORS: SMITH JEFFREY
SMITH BARBARA
REGION CODE ADDRESS : 26709 BASSWOOD AVENUE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,224.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,705.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677909 MORTGAGORS: LATTINVILLE-PACE MARTHE
PACE ROBERT
REGION CODE ADDRESS : 10101 BALDWIN COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,404.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.40425
----------------------------------------------------------------
0 0007677917 MORTGAGORS: DELANEY PAUL
DELANEY KATHY
REGION CODE ADDRESS : 34 EDGEWOOD ROAD
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,774.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007677925 MORTGAGORS: COX BARTLEY
COX LEEANN
REGION CODE ADDRESS : 958 SAINT ANDREWS LANE
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
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 : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.71014
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,611,200.00
P & I AMT: 10,432.50
UPB AMT: 1,609,119.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677933 MORTGAGORS: HARDY IVAN
HARDY WINIFERD
REGION CODE ADDRESS : 40524 KINGSLEY LANE
01 CITY : NOVI
STATE/ZIP : MI 48377
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,494.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,523.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007677941 MORTGAGORS: HUYBERTS FRANCIS
HUYBERTS ROSANNA
REGION CODE ADDRESS : 881 LOGGERS CIRCLE
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,561.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.95397
----------------------------------------------------------------
0 0007677958 MORTGAGORS: RUPPER DAVID
RUPPER LESLIE
REGION CODE ADDRESS : 152 SUMMERSET COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,557.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.50906
----------------------------------------------------------------
0 0007677966 MORTGAGORS: DAVIS SABRA
DAVIS CRAIG
REGION CODE ADDRESS : 30 HIDDEN OAK COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,125.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,671.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.15436
----------------------------------------------------------------
0 0007677974 MORTGAGORS: ABERNATHY TARA
ABERNATHY GREGORY
REGION CODE ADDRESS : 101 BILLINGTON CT 1
01 CITY : MORRISVILLE
STATE/ZIP : NC 27560
MORTGAGE AMOUNT : 348,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,978.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98936
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,678,150.00
P & I AMT: 11,281.99
UPB AMT: 1,675,717.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007677982 MORTGAGORS: BROOCKS JEFFERY
BROOCKS NANCY
REGION CODE ADDRESS : 4328 TULIYANI DRIVE
01 CITY : CHICO
STATE/ZIP : CA 95973
MORTGAGE AMOUNT : 267,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,480.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99650
----------------------------------------------------------------
0 0030815641 MORTGAGORS: MC HENRY PAUL
MC HENRY LILLY
REGION CODE ADDRESS : 7575 EAST MOONRIDGE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 225,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,866.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0030875009 MORTGAGORS: MC DONALD PATRICK
MC DONALD CHERI
REGION CODE ADDRESS : 3249 FUTURA POINT
01 CITY : THOUSAN OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,028.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955785 MORTGAGORS: EDGETON DOUGLAS
EDGETON JEANNINE
REGION CODE ADDRESS : 705 POLLY PLACE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35226
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,175.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98661
----------------------------------------------------------------
0 0031020563 MORTGAGORS: LOOK ARVIN
LOOK LOURDES
REGION CODE ADDRESS : 4555 FABLE COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,253.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.78100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,250.00
P & I AMT: 9,515.03
UPB AMT: 1,332,805.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052004 MORTGAGORS: DEETZ LAWRENCE
DEETZ CONNIE
REGION CODE ADDRESS : 21 BEAVER CREEK DRIVE
01 CITY : RARITAN
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 258,760.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,760.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031052772 MORTGAGORS: GEORGE WILLIAM
GEORGE MARY
REGION CODE ADDRESS : 17610 DRIFTWOOD DRIVE
01 CITY : PINEY POINT
STATE/ZIP : MD 20690
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,144.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071319 MORTGAGORS: GUADARRAMA CARLOS
ARIAS ANNA
REGION CODE ADDRESS : 39636 LAHANA WAY
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 223,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,332.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.99200
----------------------------------------------------------------
0 0031096084 MORTGAGORS: MORSE DAVID
MORSE LORI
REGION CODE ADDRESS : 25372 MUSTANG DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,151.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.96500
----------------------------------------------------------------
0 0031112824 MORTGAGORS: KHADIVI KAMRAN
KHADIVI FERESHTEH
REGION CODE ADDRESS : 2213 AVENIDA OLIVA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,743.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,460.00
P & I AMT: 10,062.55
UPB AMT: 1,426,131.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116148 MORTGAGORS: LEW KAREN
REGION CODE ADDRESS : 5454 BROADWAY
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 284,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,818.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031116940 MORTGAGORS: SMITH CHRISTOPHER
SMITH CONI
REGION CODE ADDRESS : 2025 SW 112TH STREET
01 CITY : GAINESVILLE
STATE/ZIP : FL 32607
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,822.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031118227 MORTGAGORS: AHMED ESSAM
RAUF GINAN
REGION CODE ADDRESS : 3 BLANCHARD ROAD
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,708.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031125164 MORTGAGORS: GREER ROBERT
REGION CODE ADDRESS : 4776 EMERALD AVENUE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,774.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.92800
----------------------------------------------------------------
0 0031128523 MORTGAGORS: GOLDMAN BART
FISH REBECCA
REGION CODE ADDRESS : 26811 LIVE OAK COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,919.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,450.00
P & I AMT: 9,883.65
UPB AMT: 1,373,043.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031130552 MORTGAGORS: REED DONNA
REGION CODE ADDRESS : 1789 NORTHCROSS PLACE NORTH
01 CITY : COLLIERVILLE
STATE/ZIP : TN 38017
MORTGAGE AMOUNT : 274,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,102.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.96800
----------------------------------------------------------------
0 0031145527 MORTGAGORS: FERREIRA JOSE
FERREIRA IVONE
REGION CODE ADDRESS : 5 KING DRIVE
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,821.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.24100
----------------------------------------------------------------
0 0031156227 MORTGAGORS: MASON BRIAN
REGION CODE ADDRESS : 1305 CLUBHOUSE ROAD
01 CITY : GLADWYNNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,730.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,741.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031163033 MORTGAGORS: KARPF NEAL
KARPF LAURIE
REGION CODE ADDRESS : 21272 ROCK RIDGE DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031166317 MORTGAGORS: BATTIS STEPHEN
BATTIS MARCIA ANN
REGION CODE ADDRESS : 66 SCHOOL STREET
01 CITY : MIDDLEBOROUGH
STATE/ZIP : MA 02346
MORTGAGE AMOUNT : 80,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,333.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 578.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,950.00
P & I AMT: 9,942.11
UPB AMT: 1,368,488.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031166358 MORTGAGORS: BERGER FREDERICK
BARWICK JOANN
REGION CODE ADDRESS : 371 BILLINGS HILL ROAD
01 CITY : STOWE
STATE/ZIP : VT 05672
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.42500
----------------------------------------------------------------
0 0031173602 MORTGAGORS: DE SMET JAN
DE SMET MARINA
REGION CODE ADDRESS : 300 SHUMARD COURT
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 295,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,458.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031184245 MORTGAGORS: TUCCIARONE JOSEPH
BRYANT TRACY
REGION CODE ADDRESS : 30 PURDY LANE
01 CITY : AMITYVILLE
STATE/ZIP : NY 11701
MORTGAGE AMOUNT : 178,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 173,678.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,321.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/25
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031187479 MORTGAGORS: SLABINE STEVEN
REGION CODE ADDRESS : 36 CHESTNUT HILL TERRACE
01 CITY : NEWTON
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,577.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,117.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.10800
----------------------------------------------------------------
0 0031206261 MORTGAGORS: OSUJI EMMANUEL
HARRIS CHELSEA
REGION CODE ADDRESS : 8362 GOVERNORS RUN
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,969.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,589.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,100.00
P & I AMT: 10,878.82
UPB AMT: 1,514,488.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031234164 MORTGAGORS: YEUNG WILLIAM
YEUNG SHIRLEY
REGION CODE ADDRESS : 18396 MILL COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,632.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.42700
----------------------------------------------------------------
0 0031234412 MORTGAGORS: MILLER STUART
MILLER CHARLOTTE
REGION CODE ADDRESS : 4221 BECK AVENUE
01 CITY : STUDIO CITY AREA
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 402,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,293.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,814.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031242324 MORTGAGORS: LAVEGLIA ANTHONY
LAVEGLIA DEBORAH
REGION CODE ADDRESS : 18 CRANFORD AVENUE
01 CITY : CRANFORD
STATE/ZIP : NJ 07016
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.97058
----------------------------------------------------------------
0 0031243298 MORTGAGORS: WISSA ROBERT
WISSA NADIA
REGION CODE ADDRESS : 6009 BAY PARK COURT
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031245251 MORTGAGORS: BEHRENS JERRY
BEHRENS DELIA
REGION CODE ADDRESS : 4421 EAST VALLEY GATE DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 243,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,228.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,674,000.00
P & I AMT: 11,735.98
UPB AMT: 1,670,442.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031245301 MORTGAGORS: PARTELLOW MYLES
REGION CODE ADDRESS : 162 ERICAS LANE
01 CITY : SAGAPONACK
STATE/ZIP : NY 11962
MORTGAGE AMOUNT : 377,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,671.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 35.95200
----------------------------------------------------------------
0 0031253602 MORTGAGORS: ULANDER MARK
ULANDER BELLE
REGION CODE ADDRESS : 4482 SHADY POINT PLACE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 313,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,642.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031267560 MORTGAGORS: DOUGLAS ROY
DOUGLAS LAURENE
REGION CODE ADDRESS : 6227 EAST CORTEZ DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 443,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,029.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,022.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.64300
----------------------------------------------------------------
0 0031275845 MORTGAGORS: WALCZYK JOHN
MALONEY SUSAN
REGION CODE ADDRESS : 106 BRIXTON ROAD
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,587.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031290190 MORTGAGORS: LUKITSH NANCY
METCALFE MURRAY
REGION CODE ADDRESS : 52 ROBIN ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.89200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,384,400.00
P & I AMT: 16,364.80
UPB AMT: 2,378,766.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031309032 MORTGAGORS: LOMBARDO PIO
KEATING-LOMBARDO VIVIAN
REGION CODE ADDRESS : 49 EDGEHILL ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,054.19 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 : 32.72700
----------------------------------------------------------------
0 0031313927 MORTGAGORS: MILLER LOUISE
PURVIANCE GABRIEL
REGION CODE ADDRESS : 227 CHAPEL MANOR COURT
01 CITY : BALTIMORE
STATE/ZIP : MD 21128
MORTGAGE AMOUNT : 250,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,254.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98615
----------------------------------------------------------------
0 0031316029 MORTGAGORS: LAMM DANIEL
REGION CODE ADDRESS : 920 MONTICELLO TERRACE 304
01 CITY : CHARLOTTE
STATE/ZIP : NC 28204
MORTGAGE AMOUNT : 78,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,159.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 541.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031321052 MORTGAGORS: KIEFNER KEITH
KIEFNER SYDNEY
REGION CODE ADDRESS : 2224 PROVIDENCE CANYON DRIVE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28270
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,867.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.85600
----------------------------------------------------------------
0 0031322746 MORTGAGORS: BALSAMO PETER
BALSAMO SUSAN
REGION CODE ADDRESS : 405 HUNTER STREET
01 CITY : MAMARONECK
STATE/ZIP : NY 10543
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,717.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,328.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.20209
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,161,350.00
P & I AMT: 8,009.62
UPB AMT: 1,158,052.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031325228 MORTGAGORS: HERRAN AGUSTIN
HERRAN ROSIEL
REGION CODE ADDRESS : 15175 SW 212 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33187
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,907.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339633 MORTGAGORS: LICHTSTEIN JULIE
REGION CODE ADDRESS : 21 NORTH CHATSWORTH AVENUE
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 43,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 42,969.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 308.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.90400
----------------------------------------------------------------
0 0031340896 MORTGAGORS: LIAW JIIN-JIA
LEE PAUL
REGION CODE ADDRESS : 25 AMHERST WAY
01 CITY : WEST WINDSOR
STATE/ZIP : NJ 08550
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,803.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031341266 MORTGAGORS: WELLEK JEFFREY
WELLEK ELIZABETH
REGION CODE ADDRESS : 1414 SHERIDAN ROAD
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,300.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.09091
----------------------------------------------------------------
0 0031343742 MORTGAGORS: ASAKA GARY
ASAKA BARBARA
REGION CODE ADDRESS : 2560 A NORTH SOUTHPORT AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,844.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.94936
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,000.00
P & I AMT: 11,949.94
UPB AMT: 1,727,825.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031344872 MORTGAGORS: KING MARK
KING M.
REGION CODE ADDRESS : 5545 S. ELM STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 33.47300
----------------------------------------------------------------
0 0031344955 MORTGAGORS: HERSCH IRA
HERSCH SHEILA
REGION CODE ADDRESS : 37 COHAWNEY ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,743.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.93300
----------------------------------------------------------------
0 0031359706 MORTGAGORS: WADE BARBARA
REGION CODE ADDRESS : 3106 CANTER WAY
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 264,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,977.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031368871 MORTGAGORS: SCWARTZ JAY
SCWARTZ BARBARA
REGION CODE ADDRESS : 10 STONEHEDGE COURT
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.37 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 : 56.33800
----------------------------------------------------------------
0 0031369911 MORTGAGORS: LAURITSON PETER
LAURITSON KRISTINE
REGION CODE ADDRESS : 1838 THE STRAND
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 962,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 961,785.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,729.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,282,100.00
P & I AMT: 15,714.31
UPB AMT: 2,279,895.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371362 MORTGAGORS: UHLICH KEVIN
UHLICH JUANITA
REGION CODE ADDRESS : 15 VIAGGO LANE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,322.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.28500
----------------------------------------------------------------
0 0031372618 MORTGAGORS: EVANGELISTA JOHN
REGION CODE ADDRESS : 728 MARINE STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,709.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,544.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.68000
----------------------------------------------------------------
0 0031375769 MORTGAGORS: EARLE KENNETH
EARLE LUCY
REGION CODE ADDRESS : 10842 FIGTREE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,720.06 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 : 71.43700
----------------------------------------------------------------
0 0031375777 MORTGAGORS: LEWONOWSKI MARK
REGION CODE ADDRESS : 710 SOUTH UNION ST
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 439,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,059.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,848.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031377138 MORTGAGORS: MURPHY STEPHEN
MURPHY MARCY
REGION CODE ADDRESS : 11 OSBORNE PL
01 CITY : TOWNSHIP OF BERNARDS TOWN
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,957,250.00
P & I AMT: 13,162.00
UPB AMT: 1,953,810.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031378375 MORTGAGORS: CAUCHON PAUL
REGION CODE ADDRESS : 25 MAINE STREET
01 CITY : KENNEBUNKPORT
STATE/ZIP : ME 04046
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.05500
----------------------------------------------------------------
0 0031379670 MORTGAGORS: BLAKELEY CRAIG
REGION CODE ADDRESS : 4936 SUNSET LANE
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 469,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,448.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,282.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.30743
----------------------------------------------------------------
0 0031383144 MORTGAGORS: PURSELL JOHN
PURSELL DONNA
REGION CODE ADDRESS : A44 SURFSIDE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90743
MORTGAGE AMOUNT : 526,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,791.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,632.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.81800
----------------------------------------------------------------
0 0031387459 MORTGAGORS: KOWALSKI GERARD
KOWALSKI SHANNON
REGION CODE ADDRESS : 26 COLUMBUS DRIVE
01 CITY : MONMOUTH BEACH
STATE/ZIP : NJ 07750
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,356.86 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 : 70.00000
----------------------------------------------------------------
0 0031389976 MORTGAGORS: HENDRICK STEPHEN
HENDRICK KATHLEEN
REGION CODE ADDRESS : 7 WHISTLER LANE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,070.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.61300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,816,500.00
P & I AMT: 12,688.02
UPB AMT: 1,812,480.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031391113 MORTGAGORS: NERUD STEVEN
NERUD ANN
REGION CODE ADDRESS : 27330 WOODLAWN COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,446.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031394026 MORTGAGORS: TEIGMAN MICHAEL
TEIGMAN ROBYN
REGION CODE ADDRESS : 260 WILMOT DRIVE
01 CITY : HEWLETT
STATE/ZIP : NY 11557
MORTGAGE AMOUNT : 305,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,056.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.73800
----------------------------------------------------------------
0 0031397409 MORTGAGORS: JONES MICHAEL
JONES LAURA
REGION CODE ADDRESS : 5029 GUNDRY AVENUE
01 CITY : LONG BEACH
STATE/ZIP : NV 90807
MORTGAGE AMOUNT : 117,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,613.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 778.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.12500
----------------------------------------------------------------
0 0031401508 MORTGAGORS: HOLLAR PATRICIA
HOLLAR HOWARD
REGION CODE ADDRESS : 17601 SWEETWOOD COURT
01 CITY : ROUND HILL
STATE/ZIP : VA 20141
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,599.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031402308 MORTGAGORS: MYER STANLEY
MYER CAROL
REGION CODE ADDRESS : 12 KENWOOD ROAD
01 CITY : SOUTHHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,750.00
P & I AMT: 9,880.67
UPB AMT: 1,417,715.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402704 MORTGAGORS: MOKRYNSKI DONALD
SCHMIDT JULIE
REGION CODE ADDRESS : 1 SUGARHILL ROAD
01 CITY : NYACK
STATE/ZIP : NY 10960
MORTGAGE AMOUNT : 381,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,369.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.20000
----------------------------------------------------------------
0 0031411796 MORTGAGORS: MARLOW STEVE
MARLOW DIANA
REGION CODE ADDRESS : 5224 S FARMHOUSE PLACE
01 CITY : BOISE
STATE/ZIP : ID 83716
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,952.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.46300
----------------------------------------------------------------
0 0031414899 MORTGAGORS: MILLER MICHAEL
MILLER ARLENE
REGION CODE ADDRESS : 3420 BENEDIX WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 264,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,063.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97700
----------------------------------------------------------------
0 0031415391 MORTGAGORS: ZAMORA ALBERTO
ZAMORA CATHERINE
REGION CODE ADDRESS : 10425 SW 89 PLACE
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,069.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031419419 MORTGAGORS: WILKINS ROBERT
WILKINS SARAH
REGION CODE ADDRESS : 2310 BLACKHEATH TRACE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,721.70 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 : 49.66800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,718,250.00
P & I AMT: 11,946.30
UPB AMT: 1,715,176.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031420342 MORTGAGORS: ABEBE ETHIOPIA
REGION CODE ADDRESS : 2326 COLD MEADOW WAY
01 CITY : SILVER SPRINGS
STATE/ZIP : MD 20906
MORTGAGE AMOUNT : 178,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,640.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,259.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.17900
----------------------------------------------------------------
0 0031427081 MORTGAGORS: BOINSKE CHARLES
BOINSKE LAURA
REGION CODE ADDRESS : 30 TURNSTONE WAY
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
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 : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.14700
----------------------------------------------------------------
0 0031427149 MORTGAGORS: LUKOFF MARSHALL
LUKOFF JANE
REGION CODE ADDRESS : 405 COMMONWEALTH AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 634,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 633,102.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,542.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.63600
----------------------------------------------------------------
0 0031428758 MORTGAGORS: MCGUIRE DANIEL
MELSKY BETH
REGION CODE ADDRESS : 11 MACKAY WAY
01 CITY : SANDSTONE
STATE/ZIP : NY 11576
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.25100
----------------------------------------------------------------
0 0031433659 MORTGAGORS: LISS JESSE
LISS GLORIA
REGION CODE ADDRESS : 6220 SW 144 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33158
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,453.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 43.10300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,000.00
P & I AMT: 11,814.98
UPB AMT: 1,680,196.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031440217 MORTGAGORS: HAZEL RICHARD
REGION CODE ADDRESS : 338 NORTH MAIN STREET
01 CITY : SOUTHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,432.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 44.44400
----------------------------------------------------------------
0 0031441033 MORTGAGORS: JENNINGS JOHN
JENNINGS TRACY
REGION CODE ADDRESS : 11717 SOUTH GRANITE
01 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031443781 MORTGAGORS: HESSIAN THOMAS
HESSIAN KAREN
REGION CODE ADDRESS : 4990 MEADVILLE STREET
01 CITY : GREENWOOD
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031444482 MORTGAGORS: LUMPKIN LORI
TAYLOR ALLISON
REGION CODE ADDRESS : 3 ARCOLA AVENUE
01 CITY : DURHAM
STATE/ZIP : NC 27705
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,278.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.79345
----------------------------------------------------------------
0 0031445117 MORTGAGORS: SEYMOUR LARRY
REGION CODE ADDRESS : 1045 HUDSON CT
01 CITY : BARTLETT
STATE/ZIP : IL 60103
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,309.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,550.00
P & I AMT: 9,480.54
UPB AMT: 1,339,788.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446073 MORTGAGORS: DRAPER ELISABETH
SEAMEN RICHARD
REGION CODE ADDRESS : 36 GREENOUGH AVENUE
01 CITY : JAMAICA PLAIN
STATE/ZIP : MA 02130
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,066.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,923.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.53800
----------------------------------------------------------------
0 0031446164 MORTGAGORS: DAVILA OSCAR
REGION CODE ADDRESS : 13063 VIA GRIMALDI
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 519,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,574.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,452.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031446297 MORTGAGORS: BAUMANN RICHARD
BAUMANN MICHELLE
REGION CODE ADDRESS : 46 CHICHESTER AVENUE
01 CITY : CENTER MORICHES
STATE/ZIP : NY 11934
MORTGAGE AMOUNT : 121,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 827.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.30700
----------------------------------------------------------------
0 0031446578 MORTGAGORS: BARNETT ALAN
BARNETT MELISSA
REGION CODE ADDRESS : 1851 KIMBERLY LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 1,400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,398,986.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,909.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 66.66600
----------------------------------------------------------------
0 0031447584 MORTGAGORS: NICK THOMAS
NICK ANN
REGION CODE ADDRESS : 2525 RIDGEWAY AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.49100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,760,300.00
P & I AMT: 19,242.00
UPB AMT: 2,757,928.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031449374 MORTGAGORS: HOFFMAN EDWARD
HOFFMAN KATHLEEN
REGION CODE ADDRESS : 312 OLYMPIC
01 CITY : ROCKPORT
STATE/ZIP : TX 78382
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,237.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031450695 MORTGAGORS: REED DAVID
THOMSON SUE
REGION CODE ADDRESS : 134 CHRISTOPHER LANE
01 CITY : OJAI
STATE/ZIP : CA 93023
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031453020 MORTGAGORS: GRIMES JOHN
LEWIS HENRY
REGION CODE ADDRESS : 129 BANK STREET
01 CITY : NEW YORK
STATE/ZIP : NY 10014
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,011.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031456437 MORTGAGORS: STEADMAN RANDY
STEADMAN DEBRA
REGION CODE ADDRESS : 17307 N E 26TH COURT
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 329,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,779.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,332.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.62700
----------------------------------------------------------------
0 0031458748 MORTGAGORS: KAVINOKY MARTIN
REGION CODE ADDRESS : 24036 ARMINTA STREET
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,712.92 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 : 79.82600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,889,500.00
P & I AMT: 13,270.93
UPB AMT: 1,887,074.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031463722 MORTGAGORS: GUIMARIN MITCHEL
GUIMARIN DONNA
REGION CODE ADDRESS : 4971 LASSEN DRIVE
01 CITY : OCEANSIDE
STATE/ZIP : CA 92056
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,499.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.62900
----------------------------------------------------------------
0 0031464597 MORTGAGORS: MCKEON PAUL
MCKEON NANETTE
REGION CODE ADDRESS : 76 MAYWOOD ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06850
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,755.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031464738 MORTGAGORS: BENYAHIA KARIM
VAN CLEEMPUT PASCALE
REGION CODE ADDRESS : 3659 NE 201 STREET
01 CITY : AVENTURA
STATE/ZIP : FL 33180
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,215.87 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 : 70.00000
----------------------------------------------------------------
0 0031465560 MORTGAGORS: RICHARDS ROSS
RICHARDS TAMARA
REGION CODE ADDRESS : 116 WEST VISTA AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031467079 MORTGAGORS: BUSH JOSEPH
BUSH MONICA
REGION CODE ADDRESS : 14016 EAGLE CHASE CIRCLE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,500.00
P & I AMT: 10,963.90
UPB AMT: 1,579,344.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031468341 MORTGAGORS: DECARLO CESARE
DECARLO MARIA
REGION CODE ADDRESS : 3808 UNIVERSITY AVENUE N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 328,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,636.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 43.75300
----------------------------------------------------------------
0 0031469299 MORTGAGORS: RATAJ WALTER
RATAJ SABINA
REGION CODE ADDRESS : 121 MACK HILL RD
01 CITY : AMHERST
STATE/ZIP : NH 03031
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,329.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.87500
----------------------------------------------------------------
0 0031471634 MORTGAGORS: DILLON ROBERT
DILLON JILL
REGION CODE ADDRESS : 33 IMPOUNDING DAM ROAD
01 CITY : HANOVER
STATE/ZIP : PA 17331
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,216.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.75900
----------------------------------------------------------------
0 0031472145 MORTGAGORS: HOWLAND PAMELA
BOHAC JAMES
REGION CODE ADDRESS : 910 SISKIYOU DRIVE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,557.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,635.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.17647
----------------------------------------------------------------
0 0031472186 MORTGAGORS: LUCAS LINDA
REGION CODE ADDRESS : 10 MELENY ROAD
01 CITY : LOCUST VALLEY
STATE/ZIP : NY 11560
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,912.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,104.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 45.21700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,618,150.00
P & I AMT: 11,281.54
UPB AMT: 1,619,652.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031472681 MORTGAGORS: HOLWEGER JAMES
HOLWEGER MARIE
REGION CODE ADDRESS : 3091 DELUNA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,283.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031472855 MORTGAGORS: DUFF WILLIAM
DUFF PAULA
REGION CODE ADDRESS : 55 HAHNEMANN LANE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 272,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,487.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99061
----------------------------------------------------------------
0 0031474034 MORTGAGORS: RYAN JOHN
RYAN MARGARET
REGION CODE ADDRESS : 34 UPWEY ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,478.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0031476732 MORTGAGORS: TEIXEIRA JOAO
TEIXEIRA MAE
REGION CODE ADDRESS : 109 ROCKY KNOLL DRIVE
01 CITY : STOUGHTON
STATE/ZIP : MA 02072
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,249.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031476773 MORTGAGORS: WILLIAMS JOHN
WILLIAMS LEA
REGION CODE ADDRESS : 24 HARBORVIEW DRIVE
01 CITY : RYE
STATE/ZIP : NH 03870
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,189.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,300.00
P & I AMT: 10,389.84
UPB AMT: 1,504,687.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031478753 MORTGAGORS: LEE SANG
LEE JUNG
REGION CODE ADDRESS : 3464 MAUNALOA AVENUE
01 CITY : HONOLULU
STATE/ZIP : HI 96816
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,815.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,132.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.54800
----------------------------------------------------------------
0 0031479793 MORTGAGORS: CUTLER DEBORAH
REGION CODE ADDRESS : 61 JANE STREET # 9L
01 CITY : NEW YORK
STATE/ZIP : NY 10014
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 : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0031479843 MORTGAGORS: GOLDMAN DIANE
GOLDMAN ANDREW
REGION CODE ADDRESS : 13 NOTTINGHAM ROAD
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031481690 MORTGAGORS: BLITZ LAWRENCE
BLITZ ELAINE
REGION CODE ADDRESS : 3 STAFFORD PLACE
01 CITY : MONTVILLE
STATE/ZIP : NJ 07082
MORTGAGE AMOUNT : 528,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 528,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,693.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031482102 MORTGAGORS: BRINKMAN JAMES
BRINKMAN NANCY
REGION CODE ADDRESS : 4210 HOWARD AVE
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,716.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,140,300.00
P & I AMT: 15,116.48
UPB AMT: 2,138,831.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031482516 MORTGAGORS: LEVY RICHARD
REGION CODE ADDRESS : 7321 DARTMOOR CROSSING
01 CITY : FAYETTEVILLE
STATE/ZIP : NY 13066
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,865.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.94949
----------------------------------------------------------------
0 0031483498 MORTGAGORS: MORRISEY IRWIN
REGION CODE ADDRESS : 12 GREENVIEW DRIVE
01 CITY : CHESTERFIELD TWP
STATE/ZIP : NJ 08620
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,794.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.88800
----------------------------------------------------------------
0 0031484413 MORTGAGORS: MAYOL JUAN
MAYOL LINDA
REGION CODE ADDRESS : 637 MAJORCA AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,285.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.94900
----------------------------------------------------------------
0 0031486855 MORTGAGORS: RICHARDSON MICHAEL
RICHARDSON DEBORAH
REGION CODE ADDRESS : 4917 ROCKBLUFF DRIVE
01 CITY : ROLLING HILLS EST
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,569.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031488471 MORTGAGORS: HEWITT STEPHEN
RAPHAEL STACEY
REGION CODE ADDRESS : 17615 MAHONY PLACE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,050.00
P & I AMT: 10,972.66
UPB AMT: 1,593,186.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031488612 MORTGAGORS: LOPEZ ARLINE
REGION CODE ADDRESS : 23 SHELBURNE DRIVE
01 CITY : OAK BROOK
STATE/ZIP : IL 60523
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,728.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.90400
----------------------------------------------------------------
0 0031488851 MORTGAGORS: LOWY HOWARD
LOWY SUSAN
REGION CODE ADDRESS : 3 BRIDAL FARMS
01 CITY : BEVERLY FARMS
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.30600
----------------------------------------------------------------
0 0031489149 MORTGAGORS: DAVID ALAN
DAVID BRENDA
REGION CODE ADDRESS : 1030 EAGLE RIDGE WAY
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 350,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.72700
----------------------------------------------------------------
0 0031489354 MORTGAGORS: KURKER JONATHAN
KURKER SANDRA
REGION CODE ADDRESS : 7 HAWTHORNE DRIVE
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,290.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031489503 MORTGAGORS: GARDELL PETER
SANDOLO MARIA
REGION CODE ADDRESS : 20 KRAMER LANE
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,618.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,000.00
P & I AMT: 11,409.63
UPB AMT: 1,659,809.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031490659 MORTGAGORS: ROOP JEFFREY
ROOP SUZANNE
REGION CODE ADDRESS : 4 DREWS CROSSING
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,755.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031491889 MORTGAGORS: LAMPERT SUSAN
LAMPERT DARREN
REGION CODE ADDRESS : 8 HOBBY LANE
01 CITY : BEDFORD
STATE/ZIP : NY 10506
MORTGAGE AMOUNT : 875,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 875,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,193.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031492143 MORTGAGORS: LUSTIG DAYNA
REGION CODE ADDRESS : 130 EAST 17TH ST #5A
01 CITY : NEW YORK
STATE/ZIP : NY 10003
MORTGAGE AMOUNT : 86,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 86,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 608.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.75000
----------------------------------------------------------------
0 0031492564 MORTGAGORS: KINNEY GREG
KINNEY JOAN
REGION CODE ADDRESS : 6104 SOUTH MOLINE WAY
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,617.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 73.36900
----------------------------------------------------------------
0 0031497472 MORTGAGORS: SIEMBIEDA CHRISTIAN
SOLOMON LORI
REGION CODE ADDRESS : 301 EAST 87TH STREET #19B
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 81,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 559.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,400.00
P & I AMT: 11,105.58
UPB AMT: 1,561,373.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499007 MORTGAGORS: DALY BRIAN
DALY MARY
REGION CODE ADDRESS : 3014 MAINSTONE DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 265,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,157.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031499296 MORTGAGORS: SPICER ROBERT
SPICER CINDA
REGION CODE ADDRESS : 7223 HOLYOKE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75248
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,031.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031500143 MORTGAGORS: FRENCH JEFFREY
REGION CODE ADDRESS : 10210 DONLEY DRIVE
01 CITY : IRVING,
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 145,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,441.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,017.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031500184 MORTGAGORS: ABAD EDWARD
SORIANO-ABAD GRACE
REGION CODE ADDRESS : 106 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 413,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,927.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.95669
----------------------------------------------------------------
0 0031500366 MORTGAGORS: TARRANT DAVID
TARRANT STACEY
REGION CODE ADDRESS : 98 WREN TERRACE
01 CITY : QUINCY
STATE/ZIP : MA 02169
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 : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,750.00
P & I AMT: 9,464.88
UPB AMT: 1,364,018.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031500531 MORTGAGORS: MOLONEY THOMAS
MOLONEY BARBARA
REGION CODE ADDRESS : 464 MARSHALL ST
01 CITY : HOLLISTON
STATE/ZIP : MA 07146
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,576.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031502172 MORTGAGORS: SCHELL HANS
SCHELL SUSAN
REGION CODE ADDRESS : 8 MOUNTAIN WILLOW DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 347,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,645.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,580.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/25
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.84900
----------------------------------------------------------------
0 0031506819 MORTGAGORS: COOKE RICHARD
COOKE SUSAN
REGION CODE ADDRESS : 8 NETHERWOOD ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031508260 MORTGAGORS: OLMON STEPHEN
OLMON MARIE
REGION CODE ADDRESS : 3630 LANE RANCH PARKWAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 347,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,564.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031510829 MORTGAGORS: ZIMMERMANN LYNN
ZIMMERMANN STEPHEN
REGION CODE ADDRESS : 7 COACHMANS PLACE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 496,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,993.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,302.56 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: 1,762,750.00
P & I AMT: 12,243.68
UPB AMT: 1,753,590.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511017 MORTGAGORS: FENNER CLARKE
FENNER ELIZABETH
REGION CODE ADDRESS : 2 LIBBY LANE
01 CITY : RYE
STATE/ZIP : NH 03870
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,601.92 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 0031513310 MORTGAGORS: GEORGES EMMANUEL
GEORGES JANY
REGION CODE ADDRESS : 5732 W WARREN STREET
01 CITY : MORTON GROVE
STATE/ZIP : IL 60053
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 : 89.28500
----------------------------------------------------------------
0 0031513526 MORTGAGORS: CLARK SEDGWICK
KANE MARGARET
REGION CODE ADDRESS : 74 NORTH WOODS LANE
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 252,347.03 OPTION TO CONVERT :
UNPAID BALANCE : 252,347.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.09400
----------------------------------------------------------------
0 0031513807 MORTGAGORS: JAKOVICS TRACEY
KERSLEY IAN
REGION CODE ADDRESS : 10 SUNSET RD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.30100
----------------------------------------------------------------
0 0031514821 MORTGAGORS: GRIFFIN ANTHONY
GRIFFIN KATHLEEN
REGION CODE ADDRESS : 219 AVENUE F
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,584.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.13500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,887,347.03
P & I AMT: 13,227.35
UPB AMT: 1,886,339.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031516073 MORTGAGORS: GREENE JEFFREY
GREENE MIRIAM
REGION CODE ADDRESS : 440 EAST 56TH STREET # 10 C
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,163.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.65500
----------------------------------------------------------------
0 0031516149 MORTGAGORS: ORR MARIAN
REGION CODE ADDRESS : 1930 CASA DE ELEGANTE COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 306,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,777.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 68.04400
----------------------------------------------------------------
0 0031516297 MORTGAGORS: SULLIVAN PATRICK
SULLIVAN NANCY
REGION CODE ADDRESS : 180 BUCKINGHAM ROAD
01 CITY : ROCKY RIVER
STATE/ZIP : OH 44116
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031516420 MORTGAGORS: MORGAN KATHRYN
REGION CODE ADDRESS : 12262 SKY LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 702,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 701,965.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,851.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 70.25000
----------------------------------------------------------------
0 0031516669 MORTGAGORS: MOON ALBERT
MOON DANA
REGION CODE ADDRESS : 9021 CULBERSON DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 114,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,664.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 802.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,850,450.00
P & I AMT: 13,020.16
UPB AMT: 1,849,407.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031517329 MORTGAGORS: MONTGOMERY GENE
MONTGOMERY COLLEEN
REGION CODE ADDRESS : 3729 MARTIN DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 284,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,283.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.86600
----------------------------------------------------------------
0 0031518863 MORTGAGORS: LOWER JOHN
LOWER CAROL
REGION CODE ADDRESS : 414 RED BIRCH COURT
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031519432 MORTGAGORS: HART RICHARD
HART KATHLEEN
REGION CODE ADDRESS : 5 ALLEN WAY
01 CITY : RANDOLPH TWP
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,136.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031519648 MORTGAGORS: SINKOVITZ JAMES
SINKOVITZ JENNIFER
REGION CODE ADDRESS : 4531 NEWARK ROAD
01 CITY : COCHRANVILLE
STATE/ZIP : PA 19330
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,275.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031520166 MORTGAGORS: NAHIRNY JAMES
NAHIRNY JANET
REGION CODE ADDRESS : 508 BRENTWOOD DR
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,666.12 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,712,600.00
P & I AMT: 11,806.27
UPB AMT: 1,711,824.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520471 MORTGAGORS: TCHON JEFFREY
TCHON MICHELE
REGION CODE ADDRESS : 3872 BLUFF STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------
0 0031520679 MORTGAGORS: HUNTLEY RICHARD
THIBAULT CHRISTINE
REGION CODE ADDRESS : 604 BERKSHIRE LANE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 312,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,206.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.36800
----------------------------------------------------------------
0 0031521230 MORTGAGORS: KOBEY CYRIL
KOBEY COURTNEY
REGION CODE ADDRESS : 881 THOMAS AVENUE #1
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 153,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,311.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,101.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031521586 MORTGAGORS: KAMBERIAN VAN
KAMBERIAN GLORIA
REGION CODE ADDRESS : 15743 SIERRA HIGHWAY
01 CITY : CANYON COUNTRY
STATE/ZIP : CA 91386
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,654.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,126.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031521594 MORTGAGORS: WONG ROBERT
HWANG EUGENIA
REGION CODE ADDRESS : 10733 INSPIRATION CIRCLE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 429,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,965.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,800.00
P & I AMT: 11,303.54
UPB AMT: 1,615,068.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522030 MORTGAGORS: FRUTKIN LARRY
FRUTKIN DOLORES
REGION CODE ADDRESS : 12132 ALDENHAM BLVD
01 CITY : FISHERS
STATE/ZIP : IN 46038
MORTGAGE AMOUNT : 137,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 995.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.94100
----------------------------------------------------------------
0 0031522303 MORTGAGORS: PELTIN MARK
MEEKINS CAROLE
REGION CODE ADDRESS : 204 WEST MILLER DRIVE
01 CITY : MEQUON
STATE/ZIP : WI 53092
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 : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031522451 MORTGAGORS: ROBERTS ROBIN
ROBERTS SHERRY
REGION CODE ADDRESS : 1713 CANNONGATE ROAD
01 CITY : FOREST HILL
STATE/ZIP : MD 21050
MORTGAGE AMOUNT : 277,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,194.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031522485 MORTGAGORS: RICHINS GARY
RICHINS KIMBERLY
REGION CODE ADDRESS : 61 SKYLINE COURT
01 CITY : BERLIN
STATE/ZIP : MD 21811
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031522519 MORTGAGORS: FRIED BRUCE
FRIED KATHY
REGION CODE ADDRESS : 1100 TERRACE GLEN
01 CITY : BALTIMORE
STATE/ZIP : MD 21210
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,949.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,050.00
P & I AMT: 9,872.21
UPB AMT: 1,417,851.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522626 MORTGAGORS: GREELEY JAMES
GREELEY NANCY
REGION CODE ADDRESS : 4 GARFIELD LANE WEST
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 : 1,708.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
0 0031523772 MORTGAGORS: VAN DER WEIDE MARK
ST. MARY MICHELE
REGION CODE ADDRESS : 502 ROLAND STREET S.W.
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,983.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031523863 MORTGAGORS: BERTRAM HARRY
BERTRAM JUSTINE
REGION CODE ADDRESS : 293 ELM STREET
01 CITY : NORTHAMPTON
STATE/ZIP : MA 01060
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 : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031524010 MORTGAGORS: VAN NIMAN ROBERT
SCHABEN KELLY
REGION CODE ADDRESS : 441 N NELSON STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22203
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,396.38 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 : 80.00000
----------------------------------------------------------------
0 0031525058 MORTGAGORS: SMITH KEVIN
REGION CODE ADDRESS : 118 RIDGEWOOD AVENUE
01 CITY : GLEN RIDGE
STATE/ZIP : NJ 07028
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,983.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,050.00
P & I AMT: 10,447.74
UPB AMT: 1,511,260.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031525405 MORTGAGORS: MCWHORTER JOHN
MCWHORTER SUZANNE
REGION CODE ADDRESS : 2928 ROSEDALE AVENUE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75205
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 : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.80700
----------------------------------------------------------------
0 0031525884 MORTGAGORS: YAO FEI
SUN XIAOWEI
REGION CODE ADDRESS : 260 CANDLEDTICK ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,583.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.33300
----------------------------------------------------------------
0 0031526023 MORTGAGORS: EDIDIN GARY
EDIDIN MARCY
REGION CODE ADDRESS : 715 HORATIO BLVD.
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.93700
----------------------------------------------------------------
0 0031526437 MORTGAGORS: HALLOWELL WILLIAM
HALLOWELL LAUREN
REGION CODE ADDRESS : 112 NEARWATER LANE
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,560.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,705.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.89400
----------------------------------------------------------------
0 0031526544 MORTGAGORS: GORSKI JOSEPH
GORSKI TAMARA
REGION CODE ADDRESS : 22 VALLEYWOOD ROAD
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,746,000.00
P & I AMT: 12,300.13
UPB AMT: 1,745,143.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031526742 MORTGAGORS: TUNICK KEVIN
TUNICK PATRICIA
REGION CODE ADDRESS : 134 KELLEHER STREET
01 CITY : MARLBOROUGH
STATE/ZIP : MA 01752
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,093.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0031526791 MORTGAGORS: LEGAN BRUCE
LEGAN KAREN
REGION CODE ADDRESS : 15 HEARTHSTONE LANE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.44100
----------------------------------------------------------------
0 0031526833 MORTGAGORS: LEWIS WILLIAM
LEWIS KATHLEEN
REGION CODE ADDRESS : 6 CHAPEL LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.64700
----------------------------------------------------------------
0 0031526841 MORTGAGORS: AYAD ADEL
AYAD HANAA
REGION CODE ADDRESS : 57 PARK KNOLL DRIVE
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.81900
----------------------------------------------------------------
0 0031526916 MORTGAGORS: MAHLMAN ROBERT
MAHLMAN NANCY
REGION CODE ADDRESS : 5104 FLICKER FIELD CIRCLE
01 CITY : SARASOTA
STATE/ZIP : FL 34231
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,837.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 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: 1,508,250.00
P & I AMT: 10,939.94
UPB AMT: 1,507,869.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031527237 MORTGAGORS: MARSHALL WILLIAM
SHADICK NANCY
REGION CODE ADDRESS : 32 WHITNEY ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 298,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.53800
----------------------------------------------------------------
0 0031527617 MORTGAGORS: BURGESS WILLIAM
BURGESS JULIE
REGION CODE ADDRESS : 7365 SIMMS LANDING ROAD
01 CITY : PORT TOBACCO
STATE/ZIP : MD 20677
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,615.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031527625 MORTGAGORS: JOHNSTON DOUGLAS
JOHNSTON ANNE
REGION CODE ADDRESS : 23 HARBOR HILL DRIVE
01 CITY : LLOYD HARBOR
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 499,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,800.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,363.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031527716 MORTGAGORS: FLEISCHNER STEPHEN
FLEISCHNER STACY
REGION CODE ADDRESS : 4 CIDER MILL LANE
01 CITY : NORTH SALEM
STATE/ZIP : NY 10560
MORTGAGE AMOUNT : 357,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,227.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.06300
----------------------------------------------------------------
0 0031529340 MORTGAGORS: SLOAN KATHERINE
SLOAN WILIAM
REGION CODE ADDRESS : 33 POND CIRCLE
01 CITY : BOSTON
STATE/ZIP : MA 02130
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.06200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,686,900.00
P & I AMT: 11,583.46
UPB AMT: 1,685,844.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031529738 MORTGAGORS: SIKORA DANA
SIKORA REGINA
REGION CODE ADDRESS : 0631 NEILSON GULCH ROAD
01 CITY : EAGLE
STATE/ZIP : CO 81631
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.57100
----------------------------------------------------------------
0 0031530413 MORTGAGORS: ROSA RUSSELL
REGION CODE ADDRESS : 21 LAFAYETTE ROAD
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 268,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031531437 MORTGAGORS: GILBERT DALE
GILBERT BONNIE
REGION CODE ADDRESS : 3 KIMBALL HILL DRIVE
01 CITY : HAVERHILL
STATE/ZIP : MA 01830
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031531619 MORTGAGORS: JOHN SANSOM
JOHN JESSY
REGION CODE ADDRESS : 924 MORTONSBERRY DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.60200
----------------------------------------------------------------
0 0031532302 MORTGAGORS: GARCIA ROBERT
GARCIA LI
REGION CODE ADDRESS : 75 OLD TAPPAN ROAD
01 CITY : GLEN COVE
STATE/ZIP : NY 11542
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,950.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.47000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,600.00
P & I AMT: 11,437.28
UPB AMT: 1,643,364.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031532336 MORTGAGORS: IRONS STEVEN
REGION CODE ADDRESS : 541 SPRING LANE
01 CITY : WYNDMOOR
STATE/ZIP : PA 19038
MORTGAGE AMOUNT : 398,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,104.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031532559 MORTGAGORS: GRIP DANIEL
GRIP KRISTIN
REGION CODE ADDRESS : 6 ANDERS WAY
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031532658 MORTGAGORS: RAJAN SINGENELLORE
RAJAN INDIRA
REGION CODE ADDRESS : 90 WELLINGTON WAY
01 CITY : YORKTOWN HEIGHTS
STATE/ZIP : NY 10598
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031532997 MORTGAGORS: LEBOUTHILLIER SALLY
REGION CODE ADDRESS : 232 HURD STREET
01 CITY : FAIRFIELD
STATE/ZIP : CT 06432
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,550.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.15300
----------------------------------------------------------------
0 0031533003 MORTGAGORS: LEIBOWITZ HOWARD
LEIBOWITZ CAROLYN
REGION CODE ADDRESS : 11 FOX LANE
01 CITY : DIX HILLS
STATE/ZIP : NY 11746
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,289.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.27 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: 1,802,800.00
P & I AMT: 12,423.35
UPB AMT: 1,801,618.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031533045 MORTGAGORS: NEALON LILIANA
REGION CODE ADDRESS : 48 BROOKSIDE DRIVE
01 CITY : PLANDOME
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,936.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.14200
----------------------------------------------------------------
0 0031533052 MORTGAGORS: JOHNSON CARRO
JOHNSON DENNIS
REGION CODE ADDRESS : 21 HASBROUCK DRIVE
01 CITY : FRANKLIN PARK
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,590.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031533086 MORTGAGORS: ARONICA CHARLES
ARONICA DEIRDRE
REGION CODE ADDRESS : 5 EXECUTIVE COURT
01 CITY : DIX HILLS
STATE/ZIP : NY 11746
MORTGAGE AMOUNT : 250,001.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,796.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031533128 MORTGAGORS: KESSLER LON
KESSLER KAREN
REGION CODE ADDRESS : 116 SPYGLASS DRIVE
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031533169 MORTGAGORS: GRECO STEPHEN
GRECO JUDITH
REGION CODE ADDRESS : 1524 NIGHTSHADE COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,633.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,864.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,818,801.00
P & I AMT: 12,351.79
UPB AMT: 1,817,801.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031533185 MORTGAGORS: ROBINSON DAVID
ROBINSON MELODY
REGION CODE ADDRESS : 5317 DUNLEER LANE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 179,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,783.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,242.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031533342 MORTGAGORS: HYLAND ROBERT
HYLAND ELIZABETH
REGION CODE ADDRESS : 34 CUSHMAN ROAD
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10606
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,719.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.40000
----------------------------------------------------------------
0 0031533573 MORTGAGORS: FRASK JOSEPH
FRASK SUZANNE
REGION CODE ADDRESS : 118 KINGS WOOD DRIVE
01 CITY : AVON
STATE/ZIP : CT 06001
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,684.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031533599 MORTGAGORS: FILKINS LAWRENCE
FILKINS PATRICIA
REGION CODE ADDRESS : 7 PRESTON DRIVE
01 CITY : MILLSTONE
STATE/ZIP : NJ 08520
MORTGAGE AMOUNT : 251,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,746.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.72500
----------------------------------------------------------------
0 0031534043 MORTGAGORS: BURNS ERIC
BURNS DIANNE
REGION CODE ADDRESS : 15 OVERLOOK RD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,840.00
P & I AMT: 11,746.66
UPB AMT: 1,683,933.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031534779 MORTGAGORS: LEONHARDT DAVIID
ROBERTS CLARE
REGION CODE ADDRESS : 2 BRIDLE LANE
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,711.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.78000
----------------------------------------------------------------
0 0031534886 MORTGAGORS: MORAN TIMOTHY
MORAN PAMELA
REGION CODE ADDRESS : 75 ALTA DRIVE
01 CITY : LA SELVA BEACH
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,459.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.31500
----------------------------------------------------------------
0 0031536238 MORTGAGORS: WISEMAN ALFRED
WISEMAN JOAN
REGION CODE ADDRESS : 6971 LIVINGSTON DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 451,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,080.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.43700
----------------------------------------------------------------
0 0031537673 MORTGAGORS: JOE MICHAEL
JOE HOLLY
REGION CODE ADDRESS : 12 CARDINAL DRIVE
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.84800
----------------------------------------------------------------
0 0031537897 MORTGAGORS: MINOR REGINALD
MINOR SHEILA
REGION CODE ADDRESS : 360 STEPHENSON ROAD
01 CITY : ORIENT
STATE/ZIP : NY 11957
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,701,500.00
P & I AMT: 11,810.78
UPB AMT: 1,700,431.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031538143 MORTGAGORS: STEIN ANDREW
STEIN ROBYN
REGION CODE ADDRESS : 24 RAVENSWOOD LANE
01 CITY : SCOTCH PLAINS,TWP OF
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.22600
----------------------------------------------------------------
0 0031539208 MORTGAGORS: MCAREE PETER
MCAREE CATHERINE
REGION CODE ADDRESS : 89 WEBSTER AVENUE
01 CITY : MANHASSET
STATE/ZIP : NY 11030
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539315 MORTGAGORS: GIGANTELLI JAMES
GIGANTELLI MARIE
REGION CODE ADDRESS : 18 DAHN DRIVE
01 CITY : SPARTA
STATE/ZIP : NJ 07871
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 : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.87500
----------------------------------------------------------------
0 0031539497 MORTGAGORS: MACCARELLA LOUIS
MACCARELLA CHRISTINE
REGION CODE ADDRESS : 9 OLD MILL ROAD
01 CITY : TOWNSHIP OF DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,323.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031539570 MORTGAGORS: STECYK MARKIAN
STECYK SHEILA
REGION CODE ADDRESS : 245 STOW ROAD
01 CITY : MARLBOROUGH
STATE/ZIP : MA 01752
MORTGAGE AMOUNT : 499,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,638.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,531.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,708,500.00
P & I AMT: 12,004.95
UPB AMT: 1,707,517.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031539596 MORTGAGORS: STETLER-STEVENSON WILLIAM
STETLER-STEVENSON MARYALICE
REGION CODE ADDRESS : 9608 BYEFORDE ROAD
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031540669 MORTGAGORS: HARAR MARTIN
HARAR SHERYL
REGION CODE ADDRESS : 13057 CHAMPLAIN DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,799.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.93300
----------------------------------------------------------------
0 0031540966 MORTGAGORS: SCHNALL MATTHEW
REGION CODE ADDRESS : 17 HAMBLEN STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,756.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541295 MORTGAGORS: PHILLIPS KEVIN
RHILLIPS BARBARA
REGION CODE ADDRESS : 8967 WOODWARD ROAD
01 CITY : MARSHALL
STATE/ZIP : VA 20115
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,028.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031541501 MORTGAGORS: LUCICH DAVID
LUCICH DEBRA
REGION CODE ADDRESS : 2 CHRISTOPHER COURT
01 CITY : NORWALK
STATE/ZIP : CT 06851
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,643.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,200.00
P & I AMT: 10,635.86
UPB AMT: 1,544,795.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031541550 MORTGAGORS: STOLYAR MIKHAIL
STOLYAR TATYANA
REGION CODE ADDRESS : 14105 GOODMAN STREET
01 CITY : OVERLAND PARK
STATE/ZIP : KS 66223
MORTGAGE AMOUNT : 133,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,857.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 971.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.98700
----------------------------------------------------------------
0 0031541790 MORTGAGORS: EAST WALTER
EAST CAMELIA
REGION CODE ADDRESS : 500 DUSTY LANE
01 CITY : LINWOOD
STATE/ZIP : NJ 08221
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,817.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.28571
----------------------------------------------------------------
0 0031541832 MORTGAGORS: DICHIARA STEVEN
REGION CODE ADDRESS : 8 BELMONT ST
01 CITY : SAUGUS
STATE/ZIP : MA 01906
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,925.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 783.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031542400 MORTGAGORS: ROWLETTE KELVIN
ROWLETTE BARBARA
REGION CODE ADDRESS : 663 POTTER AVENUE
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 414,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,076.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,826.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542426 MORTGAGORS: BARRETT HUGH
BARRETT HELEN
REGION CODE ADDRESS : 5315 POPLAR VALLEY COURT
01 CITY : CENTERVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,758.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,190,350.00
P & I AMT: 8,193.29
UPB AMT: 1,189,435.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031542806 MORTGAGORS: AKSAMIT MARIAN
AKSAMIT JANINA
REGION CODE ADDRESS : 59 SMITHFIELD
01 CITY : LAWRENCEVILLE,
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 103,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 721.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031542830 MORTGAGORS: KIST LOIS
KIST ALBERT
REGION CODE ADDRESS : 881 OCEAN DRIVE UNIT 19-D
01 CITY : KEY BISCAYNE
STATE/ZIP : FL 33149
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,282.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031543119 MORTGAGORS: WARD DAVID
REGION CODE ADDRESS : 246 21ST STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,581.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,798.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 36.66600
----------------------------------------------------------------
0 0031543671 MORTGAGORS: BURNS JAMES
BURNS` KELLY
REGION CODE ADDRESS : 1451 MERCER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031543960 MORTGAGORS: FRANK CLAIRE
REGION CODE ADDRESS : 19 BISHOP AVE
01 CITY : WESTHAMPTON
STATE/ZIP : NY 11977
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,700.00
P & I AMT: 12,173.45
UPB AMT: 1,744,044.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031543994 MORTGAGORS: GOTCHALL CURTIS
GOTCHALL KIM
REGION CODE ADDRESS : 8852 S. REDWING AVENUE
01 CITY : LITTLETON
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 261,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,915.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98724
----------------------------------------------------------------
0 0031544992 MORTGAGORS: MC DONALD JAMES
MC DONALD LISA
REGION CODE ADDRESS : 1231 SHENANDOAH ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,734.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545171 MORTGAGORS: BRENDES MICHAEL
BRENDES MARY
REGION CODE ADDRESS : 47791 TUPELO CT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545239 MORTGAGORS: BROWN ERIC
PHILLIPS-BROWN BEATRICE
REGION CODE ADDRESS : 4913 LOOSESTRIFE COURT
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,796.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545288 MORTGAGORS: RENKEN JOHN
RENKEN LISA
REGION CODE ADDRESS : 8501 FLORENCE AVENUE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.60274
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,900.00
P & I AMT: 9,044.61
UPB AMT: 1,341,832.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545619 MORTGAGORS: MANDEL MARGUERITE
REGION CODE ADDRESS : 111 NORTH POINTSETTIA PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,716.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031546039 MORTGAGORS: RICHARDS NOREEN
REGION CODE ADDRESS : 2527 N SHEFFIELD UNIT 3A
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031546294 MORTGAGORS: HAWKEN IAN
HAWKEN CELINE
REGION CODE ADDRESS : 5404 GROVESIDE LANE
01 CITY : ROLLING MEADOWS
STATE/ZIP : IL 60008
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,811.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031547052 MORTGAGORS: BUMPUS CRAIG
REGION CODE ADDRESS : 12 RIVERBEND ROAD
01 CITY : OLD LYME
STATE/ZIP : CT 06371
MORTGAGE AMOUNT : 477,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,208.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031547557 MORTGAGORS: GOURAS ROSWITHA
GOURAS PETER
REGION CODE ADDRESS : 74-76 READE STREET #3W
01 CITY : NEW YORK
STATE/ZIP : NY 10013
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.91600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,500.00
P & I AMT: 11,114.51
UPB AMT: 1,656,636.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031547698 MORTGAGORS: EICHLER DAVID
EICHLER KAREN
REGION CODE ADDRESS : 141 HOBART AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 591,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 591,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,833.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 45.46100
----------------------------------------------------------------
0 0031547755 MORTGAGORS: SIMMONS ROBERT
SIMMONS DIANE
REGION CODE ADDRESS : 39 ELIOT STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
0 0031548027 MORTGAGORS: BELL EDWARD
BELL PAMELA
REGION CODE ADDRESS : 33 POND VIEW DRIVE
01 CITY : SOUTHBURY
STATE/ZIP : CT 06488
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,785.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.74900
----------------------------------------------------------------
0 0031548258 MORTGAGORS: KAUFMANN PETER
KAUFMANN SUSAN
REGION CODE ADDRESS : 203 MILL ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.16000
----------------------------------------------------------------
0 0031548423 MORTGAGORS: MOSKAL JOHN
ELLWOOD VICTORIA
REGION CODE ADDRESS : 16 LEONARD STREET
01 CITY : ANNISQUAM
STATE/ZIP : MA 01930
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.10500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,000.00
P & I AMT: 11,753.57
UPB AMT: 1,734,378.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548431 MORTGAGORS: BEYER STEVEN
BEYER LINDA
REGION CODE ADDRESS : 816 PLEASANT STREET
01 CITY : FOX RIVER GROVE
STATE/ZIP : IL 60021
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031548548 MORTGAGORS: BALDINO JAMES
BALDINO ROSANNE
REGION CODE ADDRESS : 7S626 CARRIAGE WAY
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031548670 MORTGAGORS: PRYBYLSKI JOCELYN
PRYBYLSKI T.
REGION CODE ADDRESS : 23 YALE STREET
01 CITY : BORO OF CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 255,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031549231 MORTGAGORS: BLYTHE RONALD
BLYTHE CYNTHIA
REGION CODE ADDRESS : 2 TALLWOOD DRIVE
01 CITY : BARRINGTON
STATE/ZIP : RI 02806
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,753.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031549272 MORTGAGORS: MCNULTY NEIL
MCNULTY MARY
REGION CODE ADDRESS : 1700 LANCKFIELD MEWS
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23455
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,553.34 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: 1,443,900.00
P & I AMT: 10,138.90
UPB AMT: 1,442,754.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031549470 MORTGAGORS: GRIEVE JEAN
REGION CODE ADDRESS : 18 HADLEY COURT
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.55700
----------------------------------------------------------------
0 0031549785 MORTGAGORS: HAGGIS EMANUEL
HAGGIS JUDITH
REGION CODE ADDRESS : 9 HILLTOP AVENUE
01 CITY : SAUGUS
STATE/ZIP : MA 01906
MORTGAGE AMOUNT : 95,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,430.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 675.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 54.57100
----------------------------------------------------------------
0 0031550221 MORTGAGORS: FRIEDMAN ROBERT
REGION CODE ADDRESS : 400 EAST 54TH STREET, UNIT 24-C
01 CITY : NEW YORK
STATE/ZIP : NY 10022
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.90300
----------------------------------------------------------------
0 0031550569 MORTGAGORS: PEARSON PATRICIA
REGION CODE ADDRESS : 940 GREENWOOD AVENUE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031551534 MORTGAGORS: MOROZE BENJAMIN
LEGRAND DANA
REGION CODE ADDRESS : 14 LIBERTY LANE
01 CITY : NORTH READING
STATE/ZIP : MA 01864
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.28300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,494,000.00
P & I AMT: 10,241.47
UPB AMT: 1,494,430.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031551930 MORTGAGORS: DINICOLAS ANTHONY
DINICOLAS CYNTHIA
REGION CODE ADDRESS : 625 CLINTON AVENUE
01 CITY : HADDONFIELD
STATE/ZIP : NJ 08033
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.80800
----------------------------------------------------------------
0 0031552284 MORTGAGORS: KILLEEN STEPHEN
KILLEEN PRISCILLA
REGION CODE ADDRESS : 6 KENNEDY LANE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,476.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.68900
----------------------------------------------------------------
0 0031552664 MORTGAGORS: DULAN JANETTE
SMITH HAROLD
REGION CODE ADDRESS : 4306 RUNNING BROOK
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,103.84 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 : 87.58300
----------------------------------------------------------------
0 0031553464 MORTGAGORS: PADILLA CHARLES
PADILLA LESLIE
REGION CODE ADDRESS : 5587 AMADITA LANE
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 304,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.59700
----------------------------------------------------------------
0 0031554769 MORTGAGORS: BURSTEIN ALAN
REGION CODE ADDRESS : 1926 GREENWOOD AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 422,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,953.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,925,950.00
P & I AMT: 13,414.65
UPB AMT: 1,924,530.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031555139 MORTGAGORS: CHARLES ELLEN
REGION CODE ADDRESS : 1408 31ST STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,614.08 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 : 31.51500
----------------------------------------------------------------
0 0031555212 MORTGAGORS: FELDMAN HAL
FELDMAN JUDITH
REGION CODE ADDRESS : 150 WEST END AVE #23L
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 29.88200
----------------------------------------------------------------
0 0031555378 MORTGAGORS: MANTUANO JAMES
MANTUANO DIANE
REGION CODE ADDRESS : 326 LIBERTY STREET
01 CITY : TRENTON
STATE/ZIP : NJ 08611
MORTGAGE AMOUNT : 20,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 19,986.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 146.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031556590 MORTGAGORS: FREILICH AMY
POPOWITZ NEIL
REGION CODE ADDRESS : 16323 TUDOR DRIVE
01 CITY : ENCINO AREA LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,239.45 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 : 74.76900
----------------------------------------------------------------
0 0031556921 MORTGAGORS: FLACH ROBERT
FLACH PAULA
REGION CODE ADDRESS : 755 SPRINGBLOOM DRIVE
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 284,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,716.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,950.00
P & I AMT: 9,937.04
UPB AMT: 1,449,556.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557028 MORTGAGORS: CAMPBELL JOHN
CAMPBELL SHERI
REGION CODE ADDRESS : 14 WESTCLIFFF
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,181.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.44000
----------------------------------------------------------------
0 0031557424 MORTGAGORS: ABRAMS MARCIA
NEUMEISTER JAMES
REGION CODE ADDRESS : 2 DEVON DRIVE
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,224.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031558398 MORTGAGORS: LUCA VALENTIN
LUCA OLGUTA
REGION CODE ADDRESS : 1157 MELVILLE AVENUE
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558778 MORTGAGORS: ROSENBAUM DAVID
ROSENBAUM SUSAN
REGION CODE ADDRESS : 121 WINSLOW ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02168
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 : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.35600
----------------------------------------------------------------
0 0031559115 MORTGAGORS: SAUERHOFF ERIKA
REGION CODE ADDRESS : 136 WILDER STREET
01 CITY : HILLSIDE
STATE/ZIP : NJ 07205
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,272.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,432.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.60606
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,400.00
P & I AMT: 10,097.30
UPB AMT: 1,519,251.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031559289 MORTGAGORS: SIMMONS DAVID
SIMMONS EMILIE
REGION CODE ADDRESS : 5810 BENTLEY ROAD
01 CITY : CUMMING
STATE/ZIP : GA 30040
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,712.92 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 0031560055 MORTGAGORS: STEIN PHILIP
SZELA JUDITH
REGION CODE ADDRESS : 1920 ALLENTOWN RD
01 CITY : QUAKERTOWN
STATE/ZIP : PA 18951
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,211.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031560535 MORTGAGORS: BENSON JOHN
BENSON MICHELLE
REGION CODE ADDRESS : 31231 CALLE VILLA CLARA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,690.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,250.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031560808 MORTGAGORS: PARTHASARATHY ANIL
KHAMBATA SCHEHERAZADE
REGION CODE ADDRESS : 3008 FRANKLIN CORNER LANE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.80000
----------------------------------------------------------------
0 0031560840 MORTGAGORS: KOTZ ROBERT
KOTZ BONNIE
REGION CODE ADDRESS : 1281 COBBLE POND WAY
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,741.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.28000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,450.00
P & I AMT: 10,508.74
UPB AMT: 1,533,665.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561004 MORTGAGORS: SEGARRA LUIS
LEON JANICE
REGION CODE ADDRESS : 11 PUMPKIN HILL ROAD
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,583.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031561376 MORTGAGORS: TEAL ROGER
REGION CODE ADDRESS : 2305 KENILWORTH AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 386,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,699.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031561434 MORTGAGORS: VINNENBERG ANDREW
VINNENBERG MARGARET
REGION CODE ADDRESS : 12216 RENWICK PLACE
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031561566 MORTGAGORS: BURNS THOMAS
BURNS MELINDA
REGION CODE ADDRESS : 73 PROMENADE LANE
01 CITY : AMHRRST
STATE/ZIP : NY 14221
MORTGAGE AMOUNT : 312,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031561590 MORTGAGORS: WOODFIN JOHN
WOODFIN MARY
REGION CODE ADDRESS : 5241 HEIL AVENUE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,795.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.08 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: 1,528,000.00
P & I AMT: 10,603.51
UPB AMT: 1,527,229.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561624 MORTGAGORS: THOM ANNE
NAME JANET
REGION CODE ADDRESS : 6 MCNISH COURT
01 CITY : BLUFFTON
STATE/ZIP : SC 29910
MORTGAGE AMOUNT : 234,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.11400
----------------------------------------------------------------
0 0031561889 MORTGAGORS: DRALLE RICHARD
ROHR-DRALLE RONDI
REGION CODE ADDRESS : 15625 MARK DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53005
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 : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031561996 MORTGAGORS: MANDELBAUM CHAIM
MANDELBAUM RACHELLE
REGION CODE ADDRESS : 695 PALMER AVENUE
01 CITY : TEANECK
STATE/ZIP : NJ 07666
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,752.70 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 : 87.83700
----------------------------------------------------------------
0 0031562747 MORTGAGORS: SCHWARTZ LANE
SCHWARTZ JILL
REGION CODE ADDRESS : 4018 VENTURA CANYON AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,708.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.76500
----------------------------------------------------------------
0 0031562960 MORTGAGORS: PEARCE ALLEN
PEARCE KATHERINE
REGION CODE ADDRESS : 500 HIGH LAKE DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,600.00
P & I AMT: 10,074.86
UPB AMT: 1,481,621.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563109 MORTGAGORS: KANG CHUNG
REGION CODE ADDRESS : 3651 CORONADO DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,273.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031563158 MORTGAGORS: BARKOCY JEAN
GIBB ERIK
REGION CODE ADDRESS : 1164-1168 18TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563455 MORTGAGORS: MALMGREN STEVEN
MALMGREN VICTORIA
REGION CODE ADDRESS : 4 FOXBORO
01 CITY : IRVINE
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,278.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,811.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031564081 MORTGAGORS: GOTFREDSON GARY
GOTFREDSON SAUNDRA
REGION CODE ADDRESS : 7915 LANDOWNE DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 403,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,385.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,753.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.84800
----------------------------------------------------------------
0 0031564222 MORTGAGORS: GIUSTI W
GIUSTI KAREN
REGION CODE ADDRESS : 8109 GUINEVERE DRIVE
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,708.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,039,600.00
P & I AMT: 13,913.41
UPB AMT: 2,037,645.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564230 MORTGAGORS: GROSSMAN NEIL
GROSSMAN MICHELE
REGION CODE ADDRESS : 24 BROADLAWN DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031564313 MORTGAGORS: KHALIL MOHAMED
KHALIL WINIFRED
REGION CODE ADDRESS : 1209 SIERRA LINDA DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031564396 MORTGAGORS: CAPEHART GARY
CAPEHART PATRICIA
REGION CODE ADDRESS : 5885 MACADAM COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031564560 MORTGAGORS: DEMIER PAUL
REGION CODE ADDRESS : 24 MARION AVENUE
01 CITY : DEPTFORD
STATE/ZIP : NJ 08093
MORTGAGE AMOUNT : 68,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 68,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 498.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031565153 MORTGAGORS: SUTTON NORMA
REGION CODE ADDRESS : 825 SOUTH OAKLEY BOULEVARD
01 CITY : CHICAGO
STATE/ZIP : IL 60612
MORTGAGE AMOUNT : 284,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.18700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,218,500.00
P & I AMT: 8,452.82
UPB AMT: 1,218,038.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031565476 MORTGAGORS: JAROSZ WILLIAM
JAROSZ NOEMI
REGION CODE ADDRESS : 2883 NORTH SOUTHERN HILLS DRIVE
01 CITY : WADSWORTH
STATE/ZIP : IL 60083
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,577.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.73300
----------------------------------------------------------------
0 0031565948 MORTGAGORS: JOHNSON KIMBERLY
JOHNSON ERIC
REGION CODE ADDRESS : 60 COTTONWOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 352,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,224.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,466.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031566144 MORTGAGORS: GRILLO ANGELO
TIETJENS-GRILLO LENORE
REGION CODE ADDRESS : 3389 TELEGRAPH ROAD
01 CITY : ELKTON
STATE/ZIP : MD 21921
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,403.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,257.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031567324 MORTGAGORS: SARGENT KENNETH
SARGENT LINDA
REGION CODE ADDRESS : 26 WOODCREST ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,989.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031567332 MORTGAGORS: HUSER WILLIAM
HUSER TONI
REGION CODE ADDRESS : 110 247TH AVENUE SE
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 315,990.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,730.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.96096
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,875,940.00
P & I AMT: 12,792.66
UPB AMT: 1,872,926.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567407 MORTGAGORS: EDMUNDS LINDA
REGION CODE ADDRESS : 21 WYNDMERE DRIVE
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,422.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.50600
----------------------------------------------------------------
0 0031567514 MORTGAGORS: FLICKINGER ALLEN
REGION CODE ADDRESS : 1615 WEST RIVER DRIVE
01 CITY : PENNSAUKEN
STATE/ZIP : NJ 08110
MORTGAGE AMOUNT : 56,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 56,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 442.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031567662 MORTGAGORS: HALTMEYER JOHN
HALTMEYER MONICA
REGION CODE ADDRESS : 7535 FLAMEWOOD DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 222,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,217.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,479.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031568009 MORTGAGORS: KHOUDIAN GAGIK
KHOUDIAN MARY
REGION CODE ADDRESS : 1855 RANSOM ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91201
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031568181 MORTGAGORS: SIDES DARRELL
SIDES LUANN
REGION CODE ADDRESS : 1938 WOOD DUCK TRL
01 CITY : SHAKOPEE
STATE/ZIP : MN 55379
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,575.66 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 : 79.05600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,108,250.00
P & I AMT: 7,789.45
UPB AMT: 1,107,253.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031568603 MORTGAGORS: KOESTLER MICHAEL
KOESTLER MARY
REGION CODE ADDRESS : UNIT 704 OF 38 BRYANT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94105
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031569262 MORTGAGORS: REEVES DONALD
REEVES ANITA
REGION CODE ADDRESS : 1914 MATZEN RANCH CIRCLE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 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 : 66.03700
----------------------------------------------------------------
0 0031569395 MORTGAGORS: RONG GRAHAM
HUANG SHARON
REGION CODE ADDRESS : 123 FLORAL ST
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,566.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 84.51100
----------------------------------------------------------------
0 0031569536 MORTGAGORS: BARNETT DONALD
BARNETT GRACE
REGION CODE ADDRESS : 51 HOLLAND ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,769.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 34.63687
----------------------------------------------------------------
0 0031569858 MORTGAGORS: RUSICH FRANK
RUSICH MARIANNE
REGION CODE ADDRESS : 6752 DE GRAZIA ROAD
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,759.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,000.00
P & I AMT: 10,410.67
UPB AMT: 1,509,625.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031569916 MORTGAGORS: RAMAKER GERALD
RAMAKER BARBARA
REGION CODE ADDRESS : 27506 LEHNERT LANE
01 CITY : BELLE PLAINE
STATE/ZIP : MN 56011
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.71400
----------------------------------------------------------------
0 0031570252 MORTGAGORS: MEDURE GARY
REGION CODE ADDRESS : 50 VALENTINE ST
01 CITY : YONKERS
STATE/ZIP : NY 10704
MORTGAGE AMOUNT : 275,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,425.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031571284 MORTGAGORS: COPPEDE RAYMOND
COPPEDE LINDA
REGION CODE ADDRESS : 5 CONCORD COURT
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,998.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,976.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031571524 MORTGAGORS: GAINES THOMAS
REGION CODE ADDRESS : 85 GANNET DRIVE
01 CITY : MONTAUK
STATE/ZIP : NY 11954
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 990.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031572720 MORTGAGORS: HARRIS LUTHER
HARRIS JOANNE
REGION CODE ADDRESS : 1 FIFTH AVENUE # 27A
01 CITY : NEW YORK
STATE/ZIP : NY 10003
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 16.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,625.00
P & I AMT: 10,903.44
UPB AMT: 1,534,423.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031572746 MORTGAGORS: DELLAMANO JOHN
DELLAMANO ALICIA
REGION CODE ADDRESS : 19751 DRAKE DR.
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.77700
----------------------------------------------------------------
0 0031572761 MORTGAGORS: WERTH DARYL
WERTH ROSELYN
REGION CODE ADDRESS : 17502 AMAGANSET WAY
01 CITY : TUSTIN
STATE/ZIP : CA 92780
MORTGAGE AMOUNT : 247,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,774.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031572845 MORTGAGORS: KRAUSE JAMES
KRAUSE JANET
REGION CODE ADDRESS : 4007 COOGAN CIRCLE
01 CITY : CULVER CITY
STATE/ZIP : CA 90232
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,307.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031573058 MORTGAGORS: FRIEDMAN MARTIN
FRIEDMAN ALISON
REGION CODE ADDRESS : 15 SAGAMORE DRIVE
01 CITY : SYOSSET
STATE/ZIP : NY 11771
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.41300
----------------------------------------------------------------
0 0031573306 MORTGAGORS: LUCKENBACH SIDNEY
LUCKENBACH JULIE
REGION CODE ADDRESS : 14 NEW BOSTON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,957.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.64 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: 1,575,650.00
P & I AMT: 11,061.00
UPB AMT: 1,574,540.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031573314 MORTGAGORS: ROBBINS J
ROBBINS FRANCES
REGION CODE ADDRESS : RT 684 GAYLE LANE
01 CITY : MATHEWS
STATE/ZIP : VA 23109
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,784.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.21500
----------------------------------------------------------------
0 0031573355 MORTGAGORS: LATTA WILLIAM
LATTA KATE
REGION CODE ADDRESS : 20 MILLS POINT,UNIT 83, BUILDING 17
01 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.89500
----------------------------------------------------------------
0 0031573520 MORTGAGORS: CHIANETTA SALVATORE
CHIANETTA CONCETTA
REGION CODE ADDRESS : 25 MARIANI DRIVE
01 CITY : LITTLE FERRY
STATE/ZIP : NJ 07643
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 79.19100
----------------------------------------------------------------
0 0031573553 MORTGAGORS: PINE LEE
PINE SHIRLEY
REGION CODE ADDRESS : 17718 N.E. 58TH AVENUE
01 CITY : VANCOUVER
STATE/ZIP : WA 98686
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,792.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,450.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031573660 MORTGAGORS: LEONARD THOMAS
LEONARD AMY
REGION CODE ADDRESS : 43372 DEEPSPRING COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,198.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,572.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,400.00
P & I AMT: 11,650.64
UPB AMT: 1,660,275.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031573892 MORTGAGORS: LEW DONALD
LEW CAROL
REGION CODE ADDRESS : 43329 SUGARBUSH COURT
01 CITY : LEESBURG
STATE/ZIP : VA 20176
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 : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.96100
----------------------------------------------------------------
0 0031573900 MORTGAGORS: KINSON DEBBIE
NEWMAN DWIGHT
REGION CODE ADDRESS : 18711 N.E. 55TH STREET
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574130 MORTGAGORS: BAKER JEFFREY
MENDEZ-BAKER JENNIE
REGION CODE ADDRESS : 16146 MAGNOLIA BOULEVARD
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 399,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,896.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,757.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574692 MORTGAGORS: VACA RODRIGO
DE VACA ALLESANDRA
REGION CODE ADDRESS : 118-120 LARCH ROAD
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 453,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0031574700 MORTGAGORS: KINGSLEY MICHAEL
MASSON-KINGSLEY LINDA
REGION CODE ADDRESS : 201 WEST 70TH STREET # 2I
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 60,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 399.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.17300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,700.00
P & I AMT: 11,127.34
UPB AMT: 1,616,144.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575228 MORTGAGORS: WILLIS ROBERT
WILLIS SUSAN
REGION CODE ADDRESS : 2702 SNOWBERRY COURT
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031575376 MORTGAGORS: LOUISON DOUGLAS
LOUISON LAUREN
REGION CODE ADDRESS : 149 MOUNT VERNON STREET
01 CITY : WEST ROXBURY
STATE/ZIP : MA 02132
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575509 MORTGAGORS: MILLER ROBERT
MILLER DEBRA
REGION CODE ADDRESS : 193 HEATH MEADOW PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,693.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,680.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.85700
----------------------------------------------------------------
0 0031575848 MORTGAGORS: ODENCE-FORD MARION
FORD RAYMOND
REGION CODE ADDRESS : 25 VINCENT STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
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 : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.71400
----------------------------------------------------------------
0 0031575863 MORTGAGORS: COLELL JOSEPH
COLELL BEVERLY
REGION CODE ADDRESS : 8 MILL STREET
01 CITY : SHERBORN
STATE/ZIP : MA 01770
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 : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.40600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,900.00
P & I AMT: 11,103.70
UPB AMT: 1,607,356.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031576432 MORTGAGORS: JONES JAMES
JONES SUSAN
REGION CODE ADDRESS : 101 HERITAGE DR
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 159,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,139.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.13000
----------------------------------------------------------------
0 0031576663 MORTGAGORS: KELLY DONALD
KELLY ELIZABETH
REGION CODE ADDRESS : 458 FAIRMOUNT AVENUE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,780.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031576689 MORTGAGORS: LU MIN
ZHOU YUNLIN
REGION CODE ADDRESS : 25 MULBERRY LANE
01 CITY : HOLMDEL
STATE/ZIP : NJ 07733
MORTGAGE AMOUNT : 248,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,874.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031576705 MORTGAGORS: ZOIDA SALVATORE
REGION CODE ADDRESS : 8007 MASEFIELD COURT
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
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 : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031576713 MORTGAGORS: RESH DONOVAN
RESH STEPHANIE
REGION CODE ADDRESS : 3709 WASHINGTON WOODS DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.04100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,050.00
P & I AMT: 9,568.79
UPB AMT: 1,372,449.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031577075 MORTGAGORS: PREVETE JENNIE
REGION CODE ADDRESS : 15 IMPERIAL DRIVE
01 CITY : MILLER PLACE
STATE/ZIP : NY 11764
MORTGAGE AMOUNT : 121,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,518.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 892.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031577125 MORTGAGORS: GRIFFITH JEROME
DECICCO-GRIFFITH JEAN
REGION CODE ADDRESS : 153 JEFFER COURT
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.15900
----------------------------------------------------------------
0 0031577398 MORTGAGORS: NAHMOD SHELDON
NAHMOD SONIA
REGION CODE ADDRESS : 1301 N. DEARBORN STREET #1206
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 317,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031578123 MORTGAGORS: MAGALLON GEORGE
REZA JENNIFER
REGION CODE ADDRESS : 1700 MICHELTORENA STREET
01 CITY : LOS ANGLES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 206,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,753.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 89.99500
----------------------------------------------------------------
0 0031578925 MORTGAGORS: SEAMAN THOMAS
SEAMAN DEBORAH
REGION CODE ADDRESS : 243 BEDFORD-BANKSVILLE ROAD
01 CITY : BEDFORD
STATE/ZIP : NY 10506
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,705.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 48.64800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,900.00
P & I AMT: 10,145.56
UPB AMT: 1,415,378.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578933 MORTGAGORS: BELLINGER KEITH
HOPPER MICHELE
REGION CODE ADDRESS : 53 MICHAEL ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031579097 MORTGAGORS: MCGIBBON BRENDON
MCGIBBIN SUSAN
REGION CODE ADDRESS : 32 HAMILTON HILL ROAD
01 CITY : LINCROFT
STATE/ZIP : NJ 07738
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.19500
----------------------------------------------------------------
0 0031579147 MORTGAGORS: BRADY JOHN
BRADY KIRSTEN
REGION CODE ADDRESS : 31 ROXITICUS ROAD
01 CITY : MENDHAM
STATE/ZIP : NJ 07945
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031579394 MORTGAGORS: RUGG BRIAN
RUGG CAROL
REGION CODE ADDRESS : 119 BEACON STREET UNIT 2
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031579501 MORTGAGORS: BROWN JAMES
REGION CODE ADDRESS : 2657 EDGEWATER DRIVE
01 CITY : WESTON
STATE/ZIP : FL 33332
MORTGAGE AMOUNT : 322,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,057.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,050.00
P & I AMT: 11,080.77
UPB AMT: 1,580,275.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031579592 MORTGAGORS: CHRISTMANN FRANK
CHRISTMANN DENISE
REGION CODE ADDRESS : 8115 BARTON ROAD
01 CITY : ROSEVILLE
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 159,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,134.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,127.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031580236 MORTGAGORS: CALLO IVANNA
REGION CODE ADDRESS : 9 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 262,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,010.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.49200
----------------------------------------------------------------
0 0031580293 MORTGAGORS: HITE JOHN
HITE KERRY
REGION CODE ADDRESS : 21744 PINEWOOD COURT
01 CITY : STERLING
STATE/ZIP : VA 20164
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 176,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,200.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031581184 MORTGAGORS: GLOVER DAVID
GLOVER CAROL
REGION CODE ADDRESS : 3 PLUM DR
01 CITY : NASHUA
STATE/ZIP : NH 03062
MORTGAGE AMOUNT : 233,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.99400
----------------------------------------------------------------
0 0031581846 MORTGAGORS: STANLEY JOHN
STANLEY SUSAN
REGION CODE ADDRESS : 12845 E GOLD DUST AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,732.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,201,100.00
P & I AMT: 8,376.61
UPB AMT: 1,200,527.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031581945 MORTGAGORS: TRITTO MICHAEL
TRITTO MELISSA
REGION CODE ADDRESS : 14409 WHITE TREE PLACE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031582224 MORTGAGORS: CROFT JEFFREY
CROFT ROXANNE
REGION CODE ADDRESS : 3003 WESTHURST LANE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 611,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,736.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,015.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031582778 MORTGAGORS: MILLIS JOHN
MILLIS LINDA
REGION CODE ADDRESS : 9728 HIDDEN VALLEY ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 324,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,658.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031582869 MORTGAGORS: JENNINGS EDWARD
JENNINGS JUDITH
REGION CODE ADDRESS : 133 SKOWHEGAN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,892.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,088.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.25300
----------------------------------------------------------------
0 0031583503 MORTGAGORS: SIEGEL HEIDI
REGION CODE ADDRESS : 7 DANA DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,150.00
P & I AMT: 11,243.27
UPB AMT: 1,651,048.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031583628 MORTGAGORS: GOLDFARB STUART
WARTELS LISA
REGION CODE ADDRESS : 98 KELLOGG HILL ROAD
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 616,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 616,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,413.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031583644 MORTGAGORS: ANTMANN ROBERT
CARBALLO LISA
REGION CODE ADDRESS : 30 GLENWILD ROAD
01 CITY : MADISON, BOROUGH OF
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031583883 MORTGAGORS: CAMPBELL DAVID
REGION CODE ADDRESS : 1715 LINCOLN STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94703
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031584386 MORTGAGORS: FRESE PAUL
HOLLENBECK LYNN
REGION CODE ADDRESS : 91 BOOTH HILL ROAD
01 CITY : SHELTON
STATE/ZIP : CT 06484
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 : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031584410 MORTGAGORS: BAKER KEN
BAKER DELIA
REGION CODE ADDRESS : 1930 AVENIDA DE LOS ROSAS
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,361.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.63700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,200.00
P & I AMT: 12,292.93
UPB AMT: 1,758,154.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031584428 MORTGAGORS: THOMPSON BLAKE
REGION CODE ADDRESS : 2205 CAMINITO DEL BARCO
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,699.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031584964 MORTGAGORS: BURKE FRANCIS
BURKE ELIZABETH
REGION CODE ADDRESS : 640 SPRUCE LN
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 436,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,089.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.75000
----------------------------------------------------------------
0 0031585052 MORTGAGORS: LAMONIA TODD
JACOBS SARA
REGION CODE ADDRESS : 3907 RIDGE ROAD
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,320.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031585151 MORTGAGORS: KINGDOLLAR CHARLES
KINGDOLLAR MUNIRA
REGION CODE ADDRESS : 488 NORTH SALEM ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,799.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.26100
----------------------------------------------------------------
0 0031585219 MORTGAGORS: HENDRIKSE NORBERT
LIU SANDRA
REGION CODE ADDRESS : 1014 GRIZZLY PEAK BOULEVARD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,569.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,055.45 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: 1,833,500.00
P & I AMT: 12,628.64
UPB AMT: 1,832,568.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031585268 MORTGAGORS: GIASE MICHAEL
FRANKLIN NANCY
REGION CODE ADDRESS : 318 PERSHING AVENUE
01 CITY : CARTERET
STATE/ZIP : NJ 07008
MORTGAGE AMOUNT : 127,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,916.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 942.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 84.66600
----------------------------------------------------------------
0 0031585284 MORTGAGORS: JEHDIAN AGOP
REGION CODE ADDRESS : 11520 YOLANDA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 215,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,077.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,450.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031585698 MORTGAGORS: GARDNER JAMES
GARDNER MARILYNN
REGION CODE ADDRESS : 307 AVENIDA SIERRA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,313.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.15200
----------------------------------------------------------------
0 0031585714 MORTGAGORS: SHEPARD CATHERINE
REGION CODE ADDRESS : 17130 PALISADES CIRCLE
01 CITY : PACIFIC PALISADES AREA LO
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,558.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.97200
----------------------------------------------------------------
0 0031585789 MORTGAGORS: RAIA JOSEPH
RAIA EILEEN
REGION CODE ADDRESS : 24 OAK DRIVE
01 CITY : CHATHAM, BORO OF
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,180,550.00
P & I AMT: 8,147.44
UPB AMT: 1,179,867.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031585920 MORTGAGORS: ZARIN KEITH
ZARIN JODI
REGION CODE ADDRESS : 30470 GANADO DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,667.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031586134 MORTGAGORS: ALTENHAUS FRED
ALTENHAUS PHYLLIS
REGION CODE ADDRESS : 1414 MADRID ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,787.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031586480 MORTGAGORS: SCOTT WILLIAM
SCOTT KAREN
REGION CODE ADDRESS : 48 OLMSTEAD LANE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031586555 MORTGAGORS: JUDGE THOMAS
JUDGE NICOLLE
REGION CODE ADDRESS : 1833 SEAL WAY
01 CITY : BYRON
STATE/ZIP : CA 94514
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------
0 0031586803 MORTGAGORS: MELLO MAUREEN
MELLO JOSEPH
REGION CODE ADDRESS : 2 MAIN STREET
01 CITY : MATTAPOISETT
STATE/ZIP : MA 02739
MORTGAGE AMOUNT : 369,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,600.00
P & I AMT: 11,258.49
UPB AMT: 1,630,871.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587173 MORTGAGORS: KELLY NANCY
REGION CODE ADDRESS : 551 FRANKLIN STREET, UNIT # 1
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02139
MORTGAGE AMOUNT : 255,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587389 MORTGAGORS: KELLER CATHERINE
KELLER STEVEN
REGION CODE ADDRESS : 2619 PACIFIC AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,259.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,609.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.32800
----------------------------------------------------------------
0 0031587447 MORTGAGORS: JONES STONEWALL
REGION CODE ADDRESS : 9401 ELDON DRIVE
01 CITY : CLINTON
STATE/ZIP : MD 20735
MORTGAGE AMOUNT : 109,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,809.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 894.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 75.17200
----------------------------------------------------------------
0 0031587793 MORTGAGORS: GUENTHER MARK
MUEHLEISEN LISA
REGION CODE ADDRESS : 13765 W. KENTUCKY PLACE
01 CITY : LAKEWOOD
STATE/ZIP : CO 80228
MORTGAGE AMOUNT : 276,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,504.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588437 MORTGAGORS: GRINSELL DAVID
GRINSELL KENDRA
REGION CODE ADDRESS : 3941 RAWHIDE ROAD
01 CITY : ROCKLIN
STATE/ZIP : CA 95677
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,309.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.14400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,640.00
P & I AMT: 10,331.59
UPB AMT: 1,465,802.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031588767 MORTGAGORS: KAUFMAN HERMAN
KAUFMAN DIANE
REGION CODE ADDRESS : 27 FORD LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06870
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.01300
----------------------------------------------------------------
0 0031588973 MORTGAGORS: BUCKLEY GREGORY
WATERS KERRY
REGION CODE ADDRESS : 24 LAKE DRIVE
01 CITY : SOMERS
STATE/ZIP : NY 10589
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031589005 MORTGAGORS: LIFRIERI LOUIS
REGION CODE ADDRESS : 441 DRIVEWAY
01 CITY : OCEANPORT
STATE/ZIP : NJ 07757
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031589112 MORTGAGORS: HENRY SEAN
HENRY KAREN
REGION CODE ADDRESS : 15 NOEL ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031589195 MORTGAGORS: EMMANUEL MATHEWS
MATHEWS SHANTHA
REGION CODE ADDRESS : 46902 WESLEYAN COURT
01 CITY : STERLING
STATE/ZIP : VA 20164
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,619,000.00
P & I AMT: 11,187.91
UPB AMT: 1,618,471.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031589351 MORTGAGORS: ROBBINS MORLEY
ROBBINS MARTHA
REGION CODE ADDRESS : 1519 LINCOLN STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------
0 0031589492 MORTGAGORS: JACKSON DEBORAH
REGION CODE ADDRESS : 118 HITCHING POST LANE
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,332.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031589641 MORTGAGORS: CALABRO ANTHONY
REGION CODE ADDRESS : 28 SHOALS VIEW DRIVE
01 CITY : RYE
STATE/ZIP : NH 03870
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,336.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031589799 MORTGAGORS: DAVISON MICHAEL
DAVISON JOYCE
REGION CODE ADDRESS : 1813 SOLITAIRE LANE
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 639,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,825.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,253.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.99700
----------------------------------------------------------------
0 0031589823 MORTGAGORS: SPOFFORD TIMOTHY
SPOFFORD DEBORAH
REGION CODE ADDRESS : 9211 SENTRY STATION ROAD
01 CITY : MECHANICSVILLE
STATE/ZIP : VA 23116
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,728.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.64 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: 1,786,350.00
P & I AMT: 12,334.53
UPB AMT: 1,785,223.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031590102 MORTGAGORS: MACK KEVIN
MACK MARTHA
REGION CODE ADDRESS : 12316 EVENSONG DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,641.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,018.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590219 MORTGAGORS: DIGATI JOSEPH
DIGATI BETH
REGION CODE ADDRESS : 1068 PRINCETON STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.37 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 0031590367 MORTGAGORS: GREENBERG SCOTT
GREENBERG MARCI
REGION CODE ADDRESS : 18 SWAN ST.
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70124
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031591373 MORTGAGORS: ROGERS JOHN
ROGERS CHERYL
REGION CODE ADDRESS : 11 MCKENZIE LANE
01 CITY : FOXBOROUGH
STATE/ZIP : MA 02035
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031591936 MORTGAGORS: HAGEE VAHID
HAGEE NEDA
REGION CODE ADDRESS : 5365 SHEFFIELD AVENUE
01 CITY : POWELL
STATE/ZIP : OH 43065
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,238,000.00
P & I AMT: 15,177.89
UPB AMT: 2,236,375.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031592066 MORTGAGORS: WHITE PAUL
WHITE MARILYN
REGION CODE ADDRESS : 11459 HARRISBURG ROAD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,261.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.37500
----------------------------------------------------------------
0 0031592108 MORTGAGORS: SCARPELLA MICHAEL
REGION CODE ADDRESS : 5784 CAMINITO PULSERA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 332,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,929.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031592306 MORTGAGORS: BILOTTA MICHAEL
BILOTTA EVELYN
REGION CODE ADDRESS : 19262 TERRACE VIEW CIRCLE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 246,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,616.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99600
----------------------------------------------------------------
0 0031592371 MORTGAGORS: PANELLA MICHAEL
PANELLA DENISE
REGION CODE ADDRESS : 11 EDGEWATER DR
01 CITY : MATAWAN
STATE/ZIP : NJ 07747
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,205.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 82.44600
----------------------------------------------------------------
0 0031592892 MORTGAGORS: FRIEDMAN MONTE
REGION CODE ADDRESS : 231 POMONA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,700.00
P & I AMT: 9,532.41
UPB AMT: 1,326,619.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031592975 MORTGAGORS: OCHS JUDITH
OCHS MATTHEW
REGION CODE ADDRESS : 1213 FAIRVILLE ROAD
01 CITY : CHADDS FORD
STATE/ZIP : PA 19317
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,579.95 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 : 79.36500
----------------------------------------------------------------
0 0031593015 MORTGAGORS: DOYLE MARC
DOYLE MARGO
REGION CODE ADDRESS : 4525 SUNNYHILL DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031593304 MORTGAGORS: CINGARI MICHAEL
REGION CODE ADDRESS : 2433 LAGUNA ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 423,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,893.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,995.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031593650 MORTGAGORS: KOZLAK NICHOLAS
KOZLAK JODEEN
REGION CODE ADDRESS : 4632 BROWNDALE AVENUE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 452,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,625.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,203.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031594211 MORTGAGORS: MUSTO DOUG
MUSTO DAYNA
REGION CODE ADDRESS : 3177 ORANGE STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,753.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,041,825.00
P & I AMT: 14,086.62
UPB AMT: 2,040,592.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031594559 MORTGAGORS: BRENNAN EDWARD
REGION CODE ADDRESS : 9 MORRIS CIRCLE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 165,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,374.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,143.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 77.33600
----------------------------------------------------------------
0 0031594633 MORTGAGORS: SHARFAEI HOSSEIN
PARSAEI SHEKOFEH
REGION CODE ADDRESS : 6391 TWIN OAKS LANE
01 CITY : LISLE
STATE/ZIP : IL 60532
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031594658 MORTGAGORS: GONIKMAN ALEX
GONIKMAN VALERIE
REGION CODE ADDRESS : 2187 AVALON DR
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,790.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.91300
----------------------------------------------------------------
0 0031594807 MORTGAGORS: PIGOTT GREGSON
PARISIEN PIGOTT MAGALI
REGION CODE ADDRESS : 85 WETHERBEE ROAD
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,828.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.96300
----------------------------------------------------------------
0 0031594823 MORTGAGORS: WHALEN TIMOTHY
WHALEN JOAN
REGION CODE ADDRESS : 846 WILADONDA DRIVE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 557,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,586.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,894.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.30100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,601,500.00
P & I AMT: 11,278.18
UPB AMT: 1,600,579.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031594864 MORTGAGORS: BEUTH JEFFREY
REGION CODE ADDRESS : 506 NORTH CROFT AVENUE
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,793.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031594906 MORTGAGORS: ATKINSON BRETT
ATKINSON RONNA
REGION CODE ADDRESS : 18615 PARK RIDGE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 92.84000
----------------------------------------------------------------
0 0031594914 MORTGAGORS: HIBAN LOUIS
HIBAN KATHLEEN
REGION CODE ADDRESS : 311 YORKSHIRE DRIVE
01 CITY : FLEMINGTON
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 61,425.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,425.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 445.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031595044 MORTGAGORS: SUDA KRISTY
BATUELLO STEPHEN
REGION CODE ADDRESS : 4175 SOUTH ONEIDA STREET
01 CITY : DENVER
STATE/ZIP : CO 80237
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031595051 MORTGAGORS: ROSS RON
REGION CODE ADDRESS : 956 REDWOOD DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,379.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,297,175.00
P & I AMT: 9,162.80
UPB AMT: 1,296,762.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031595085 MORTGAGORS: BRADLEY ANNE
REGION CODE ADDRESS : 170 EAST 87TH ST #E21B
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031595184 MORTGAGORS: WESTON GREGORY
NOTT WESTON DIANE
REGION CODE ADDRESS : 1946 42ND AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031595218 MORTGAGORS: HYDOCK GERALD
HYDOCK ELIZABETH
REGION CODE ADDRESS : 137 KING GEORGE ROAD
01 CITY : WARREN TOWNSHIP
STATE/ZIP : NJ 07060
MORTGAGE AMOUNT : 418,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,926.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031595390 MORTGAGORS: HODGKINS ROBINSON
HODGKINS MARGARET
REGION CODE ADDRESS : 17 HIGH STREET
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,670.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031595457 MORTGAGORS: COSTANZA CHRISTOPHER
FONG DEBRA
REGION CODE ADDRESS : 2617 LINCOLNWOOD DRIVE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,000.00
P & I AMT: 12,742.51
UPB AMT: 1,752,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596166 MORTGAGORS: MINOTT GARY
MINOTT L. SHALIMAR
REGION CODE ADDRESS : 8282 SPARROW LANE
01 CITY : LA PALMA
STATE/ZIP : CA 90623
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,350.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031596208 MORTGAGORS: ZHOU MING
LI LEI
REGION CODE ADDRESS : 45 MEADOW LANE
01 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596265 MORTGAGORS: BOETTCHER STEVEN
BOETTCHER JANE
REGION CODE ADDRESS : 2915 SILVESTER DRIVE
01 CITY : HARTLAND
STATE/ZIP : WI 53029
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596315 MORTGAGORS: LANDIS GRETA
LANDIS JEFFREY
REGION CODE ADDRESS : 1338 SOUTH FEDERAL-UNIT P
01 CITY : CHICAGO
STATE/ZIP : IL 60605
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031596331 MORTGAGORS: KLEPINGER ROBERT
KLEPINGER LEANN
REGION CODE ADDRESS : 28011 BEAU COURT
01 CITY : SAUGUS AREA
STATE/ZIP : CA 91350
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,750.00
P & I AMT: 9,527.77
UPB AMT: 1,368,350.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596356 MORTGAGORS: KANG TAI
KANG YOUNG
REGION CODE ADDRESS : 2109 NORTH HOBART BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031597073 MORTGAGORS: MIRIKITANI WAYNE
REGION CODE ADDRESS : 4205 PINEHURST CIRCLE
01 CITY : STOCKTON
STATE/ZIP : CA 95219
MORTGAGE AMOUNT : 243,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,063.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98499
----------------------------------------------------------------
0 0031597586 MORTGAGORS: KOMONS ALEXANDER
KOMONS HARRIET
REGION CODE ADDRESS : 3722 KRYSIA COURT
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.74200
----------------------------------------------------------------
0 0031597743 MORTGAGORS: NOEL JAMES
NOEL JESSICA
REGION CODE ADDRESS : 2618 SUTTON COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77027
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031598030 MORTGAGORS: KIM JONG
KIM CHANSOOK
REGION CODE ADDRESS : 3862 JASON CIRCLE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 316,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,165.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,771,800.00
P & I AMT: 12,367.28
UPB AMT: 1,770,869.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031598162 MORTGAGORS: LECK SCOTT
LECK LOUISE
REGION CODE ADDRESS : 4189 MATTOS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.01200
----------------------------------------------------------------
0 0031598311 MORTGAGORS: BLOCH MICHAEL
BLOCH SUSAN
REGION CODE ADDRESS : 10 RED CEDAR COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,716.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031598550 MORTGAGORS: CHING RUSSELL
REGION CODE ADDRESS : 1212 PUNAHOU STREET #601
01 CITY : HONOLULU
STATE/ZIP : HI 96826
MORTGAGE AMOUNT : 73,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 73,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 526.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031598816 MORTGAGORS: STONHAUS JAMES
STONHAUS ROSEMARY
REGION CODE ADDRESS : 217 SOUTH GRANADOS AVENUE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 760,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 759,463.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,444.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0031598931 MORTGAGORS: ALLENDOERFER KAREN
WETZEL GERHARD
REGION CODE ADDRESS : 147 CUSHING STREET, #4
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02318
MORTGAGE AMOUNT : 169,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,240.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 50.20796
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,694,500.00
P & I AMT: 12,018.16
UPB AMT: 1,693,443.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599012 MORTGAGORS: CASSENS JEFFREY
CASSENS NICOLE
REGION CODE ADDRESS : 21231 LIMBER
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.36300
----------------------------------------------------------------
0 0031599152 MORTGAGORS: SHARP JAMES
REGION CODE ADDRESS : 57 JEFFERSON AVENUE
01 CITY : MAPLEWOOD
STATE/ZIP : NJ 07040
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 : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031599194 MORTGAGORS: BAFFER BETTY
WILSON HENRY
REGION CODE ADDRESS : 4017 19TH STREET SOUTH
01 CITY : ARLINGTON
STATE/ZIP : VA 22204
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031599251 MORTGAGORS: MINNIG HURL
MINNIG PATRICIA
REGION CODE ADDRESS : 5961 WILLOWROSS WAY
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,775.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.62300
----------------------------------------------------------------
0 0031599590 MORTGAGORS: CLAY MICHAEL
CLAY ROBIN
REGION CODE ADDRESS : 20 REVERE DRIVE
01 CITY : BEDMINSTER TOWNSHIP
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.46200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,237,000.00
P & I AMT: 8,280.31
UPB AMT: 1,236,562.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599681 MORTGAGORS: KELLY EDWARD
KELLY KATHLEEN
REGION CODE ADDRESS : 19 JUNARD DRIVE
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,376.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031599830 MORTGAGORS: MANIA ANTHONY
REGION CODE ADDRESS : 14032 EAST CLINTON STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,844.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 76.11900
----------------------------------------------------------------
0 0031600042 MORTGAGORS: JENNINGS DAN
JENNINGS LORI
REGION CODE ADDRESS : 4249 ROTHRHAM COURT
01 CITY : PALM HARBOR
STATE/ZIP : FL 34685
MORTGAGE AMOUNT : 242,059.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,883.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.51300
----------------------------------------------------------------
0 0031600083 MORTGAGORS: HAYES HAMILTON
HAYES NANCY
REGION CODE ADDRESS : 239 MIDDLE ROAD
01 CITY : NEWBURY
STATE/ZIP : MA 01951
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.06200
----------------------------------------------------------------
0 0031600315 MORTGAGORS: HUNT FRED
REGION CODE ADDRESS : 801 NORTH DOS ROBLES PLACE
01 CITY : ALHAMBRA
STATE/ZIP : CA 91801
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,803.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,410,059.00
P & I AMT: 10,186.41
UPB AMT: 1,408,908.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031600596 MORTGAGORS: VERNHES CHRISTIAN
VERNHES MONIQUE
REGION CODE ADDRESS : 617 BRECKENRIDGE PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,756.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031600786 MORTGAGORS: KREBS DONALD
REGION CODE ADDRESS : 8 SANDRA COURT
01 CITY : NEWBURY PARK
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,997.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031600836 MORTGAGORS: SABINE BOB
SABINE STACY
REGION CODE ADDRESS : 23502 GENTIAN PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 193,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,352.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,336.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031600935 MORTGAGORS: EINESMAN FRED
REGION CODE ADDRESS : 8126 MCKIM COURT
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,050.06 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 : 75.00000
----------------------------------------------------------------
0 0031600968 MORTGAGORS: VISELMAN EDWARD
VISELMAN SUZANNE
REGION CODE ADDRESS : 1265 DUMAINE AVENUE
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,592.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,702.02 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: 1,930,150.00
P & I AMT: 13,650.55
UPB AMT: 1,928,749.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031601313 MORTGAGORS: WILSON LARRY
WILSON RUTH
REGION CODE ADDRESS : 3813 DIAMOND RIDGE STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 82129
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0031601347 MORTGAGORS: PELLEGRINO DOMINICK
PELLEGRINO SHARON
REGION CODE ADDRESS : 10 RAVEN ROAD
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,761.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.02100
----------------------------------------------------------------
0 0031601792 MORTGAGORS: SHAGRIN DALE
SHAGRIN LENORE
REGION CODE ADDRESS : 26819 LIVE OAK COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,307.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031602063 MORTGAGORS: HAYES GEORGE
HAYES JOANNE
REGION CODE ADDRESS : 172 CHRISTOPHER STREET
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602428 MORTGAGORS: MACLAREN NOEL
MACLAREN SUNITA
REGION CODE ADDRESS : 4 RICHMOND PLACE
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70115
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,625.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,153.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.88000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,645,000.00
P & I AMT: 11,347.73
UPB AMT: 1,644,195.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031602584 MORTGAGORS: JEUNELOT CHARLES
JEUNELOT GLENDA
REGION CODE ADDRESS : 306 JAMESTOWN ROAD
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.34300
----------------------------------------------------------------
0 0031602980 MORTGAGORS: VONNEGUT MARK
SIBERT BARBARA
REGION CODE ADDRESS : 230 ATHERTON STREET
01 CITY : MILTON
STATE/ZIP : MA 02186
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602998 MORTGAGORS: BERNINGER MARK
BERNINGER M.
REGION CODE ADDRESS : 12705 YOUNG LANE
01 CITY : NORTH POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.84700
----------------------------------------------------------------
0 0031603087 MORTGAGORS: SEWARD DAVID
SEWARD MARIA
REGION CODE ADDRESS : 124 CARLOTA CIRCLE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
0 0031603228 MORTGAGORS: KRAUSS STACY
KRAUSS RUSSELL
REGION CODE ADDRESS : 17 FORMAN COURT
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.92500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,000.00
P & I AMT: 9,604.16
UPB AMT: 1,391,537.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031603913 MORTGAGORS: VASILYEV GRIGORIY
VASILYEVA MARINA
REGION CODE ADDRESS : 1227 DOONE COURT
01 CITY : BROOKLYN
STATE/ZIP : NY 11235
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.95600
----------------------------------------------------------------
0 0031603954 MORTGAGORS: LEE SANG
LEE SOONIK
REGION CODE ADDRESS : 2540 SLEEPY SPRING WAY
01 CITY : HACIENDA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,796.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.38700
----------------------------------------------------------------
0 0031604002 MORTGAGORS: LEE DENIS
LEE YEON
REGION CODE ADDRESS : 719 TUFTS AVENUE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,809.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.76100
----------------------------------------------------------------
0 0031604218 MORTGAGORS: HALL KEITH
HALLOWS KAREN
REGION CODE ADDRESS : 123 ROLAND COURT
01 CITY : VIENNA
STATE/ZIP : VA 22180
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.16400
----------------------------------------------------------------
0 0031604895 MORTGAGORS: CASE EDWARD
CASE MARCIA
REGION CODE ADDRESS : 12204 KNIGHTSBRIDGE DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 291,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,404.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,300.00
P & I AMT: 10,628.93
UPB AMT: 1,510,456.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031605397 MORTGAGORS: LOW YUE
LEE JANET
REGION CODE ADDRESS : 26 BRIDGEPORT ROAD
01 CITY : NEWPORT BEACH AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,672.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.66600
----------------------------------------------------------------
0 0031605504 MORTGAGORS: ANDREWS JEFFREY
ANDREWS LISA
REGION CODE ADDRESS : 1 BARBERRY LANE
01 CITY : WEST NEWBURY
STATE/ZIP : MA 01985
MORTGAGE AMOUNT : 237,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,732.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99400
----------------------------------------------------------------
0 0031605595 MORTGAGORS: SAMATUA LEAGATONU
SAMATUA LETICIA
REGION CODE ADDRESS : 2184 BEACHWOOD COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,292.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031605876 MORTGAGORS: CONWAY BRIAN
CONWAY MARY
REGION CODE ADDRESS : 3315 EAST LAKE SAMMAMISH SHORE LANE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 276,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,196.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 30.76600
----------------------------------------------------------------
0 0031606312 MORTGAGORS: MILLER BRENDA
REGION CODE ADDRESS : 4116 GALBAR STREET
01 CITY : OCEANSIDE
STATE/ZIP : CA 92056
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,911.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 801.19 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: 1,313,300.00
P & I AMT: 9,085.99
UPB AMT: 1,311,804.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031606577 MORTGAGORS: SADEGHI MITRA
REGION CODE ADDRESS : 23623 WAKEFIELD COURT #82
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 84,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,952.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 668.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606791 MORTGAGORS: BURGOS RAUL
REGION CODE ADDRESS : 929 SENECA ROAD
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,995.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606817 MORTGAGORS: EZRA ESHAGH
AHOUBIM FARIBA
REGION CODE ADDRESS : 22716 PAUL REVERE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.10600
----------------------------------------------------------------
0 0031606858 MORTGAGORS: NABORS TRUMAN
NABORS SHAWN
REGION CODE ADDRESS : 21254 WINDMILL DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606866 MORTGAGORS: SEDAGATNIA HASSAN
SEDAGATNIA MARYAM
REGION CODE ADDRESS : 1528 MARIA PLACE
01 CITY : ROHNERT PARK AREA
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,218.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.57 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: 1,450,400.00
P & I AMT: 9,962.90
UPB AMT: 1,449,874.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031607328 MORTGAGORS: HARNETT MARK
HARNETT KATHLEEN
REGION CODE ADDRESS : 35 HERITAGE LANE
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 341,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.85000
----------------------------------------------------------------
0 0031607377 MORTGAGORS: GOSSAGE GORDON
REGION CODE ADDRESS : 375 MARLBOROUGH ST UNIT 4
01 CITY : BOSTON
STATE/ZIP : MA 02115
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 : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.09000
----------------------------------------------------------------
0 0031607591 MORTGAGORS: BEER KARIN
REGION CODE ADDRESS : 60 HARBOR ROAD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.25000
----------------------------------------------------------------
0 0031607666 MORTGAGORS: THOMPSON JAMES
THOMPSON VICTORIA
REGION CODE ADDRESS : 9 TURNBERRY COURT
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 579,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 578,548.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,949.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.87000
----------------------------------------------------------------
0 0031607690 MORTGAGORS: WESTFALL CHARLES
WESTFALL CHRISTINE
REGION CODE ADDRESS : 3018 HORSESHOE TRAIL ROAD
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,896,900.00
P & I AMT: 13,254.25
UPB AMT: 1,896,214.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031608052 MORTGAGORS: YANDELL JERRY
YANDELL KENDALL
REGION CODE ADDRESS : 225 WONDERVIEW DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 354,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,130.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031608193 MORTGAGORS: O'DONNELL JAMES
O'DONNELL CAROLYN
REGION CODE ADDRESS : 20107 178TH AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 311,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,745.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031608250 MORTGAGORS: TYNDALL MATTHEW
TYNDALL JANET
REGION CODE ADDRESS : 156 HAGER LANE
01 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031608284 MORTGAGORS: FERNANDEZ MARIO
REGION CODE ADDRESS : 961 HARBOR DRIVE
01 CITY : KEY BISCAYNE
STATE/ZIP : FL 33149
MORTGAGE AMOUNT : 836,620.00 OPTION TO CONVERT :
UNPAID BALANCE : 835,967.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,707.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 74.99900
----------------------------------------------------------------
0 0031608516 MORTGAGORS: BLYSTONE RUTH
BLYSTONE W.
REGION CODE ADDRESS : 13612 NE 26TH COURT
01 CITY : VANCOUVER
STATE/ZIP : WA 98686
MORTGAGE AMOUNT : 232,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,610.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.78100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,035,870.00
P & I AMT: 14,427.31
UPB AMT: 2,033,454.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031608607 MORTGAGORS: GARSON JOEL
GARSON THERESA
REGION CODE ADDRESS : 2444 NORTH COTTAGE HILL DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.69600
----------------------------------------------------------------
0 0031608656 MORTGAGORS: PERROCHET BRIAN
DAVIS ANNETTE
REGION CODE ADDRESS : 3561 GRANDVIEW BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.58200
----------------------------------------------------------------
0 0031608755 MORTGAGORS: JONES GREGORY
JONES SUSAN
REGION CODE ADDRESS : 1413 LA JOLLA RANCHO ROAD
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,632.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,461.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.71400
----------------------------------------------------------------
0 0031608805 MORTGAGORS: KIRKENDALL ERIC
KIRKENDALL KRISTINA
REGION CODE ADDRESS : 2732 BLUME DRIVE
01 CITY : LOS ALAMITOS (AREA)
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,291.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031608854 MORTGAGORS: SICKENGER KAREN
HUTCHINSON CRAIG
REGION CODE ADDRESS : 1716 TIMBER RIDGE COURT
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23455
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.82 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,724,500.00
P & I AMT: 12,025.15
UPB AMT: 1,723,403.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609050 MORTGAGORS: KOORAPATY NANCY
KOORAPATY ANGIRAS
REGION CODE ADDRESS : 60 ROSEMONT DRIVE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 379,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,623.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031610157 MORTGAGORS: LILLIG THOMAS
HUYNH LEON
REGION CODE ADDRESS : 2156 MONTGOMERY AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,938.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031610256 MORTGAGORS: RECHLITZ ANTHONY
RECHLITZ GREER
REGION CODE ADDRESS : 22086 E. RIDGE TRAIL CIRCLE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 338,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,998.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,365.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031610496 MORTGAGORS: CHILDS RONALD
CHILDS HELEN
REGION CODE ADDRESS : 1541 MAURO PIETRO DR
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 229,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,129.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031610504 MORTGAGORS: THAI CHUNG
THAI NGHI
REGION CODE ADDRESS : 3100 BARTLETT AVENUE
01 CITY : ROSEMEAD
STATE/ZIP : CA 91770
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,218.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.57 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: 1,520,950.00
P & I AMT: 10,524.80
UPB AMT: 1,520,085.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031610678 MORTGAGORS: RISENER AL
RISENER EDYE
REGION CODE ADDRESS : 12508 ROYAL POINT CT NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.47700
----------------------------------------------------------------
0 0031611049 MORTGAGORS: KIM MAENG
KIM MIKYONG
REGION CODE ADDRESS : 931 MURCHISON
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,104.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.93600
----------------------------------------------------------------
0 0031611114 MORTGAGORS: WAGHORNE ROBERT
WAGHORNE MARY
REGION CODE ADDRESS : 4217 S GARDEN
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,820.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611205 MORTGAGORS: ORDOS WAYNE
ORDOS TAYLOR
REGION CODE ADDRESS : 3370 NANTUCKET COURT
01 CITY : CAMERON PARK
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 260,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,311.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.89600
----------------------------------------------------------------
0 0031611239 MORTGAGORS: DEAL BEVERLY
NADSADY KATHLEEN
REGION CODE ADDRESS : 1306 YELLOWSTONE DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.46800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,700.00
P & I AMT: 11,013.43
UPB AMT: 1,572,668.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031611288 MORTGAGORS: IRWIN CONSTANCE
REGION CODE ADDRESS : 102 DUKE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611353 MORTGAGORS: SALANT LAURA
REGION CODE ADDRESS : 30105 DIANA COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.88500
----------------------------------------------------------------
0 0031611395 MORTGAGORS: ROGERS MARK
ROGERS JILL
REGION CODE ADDRESS : 9 KINGS RIDGE ROAD
01 CITY : WASHINGTON TWSP.
STATE/ZIP : NJ 07853
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.93200
----------------------------------------------------------------
0 0031611726 MORTGAGORS: JACKSON MARK
REGION CODE ADDRESS : 2919 HAMPTON COVE WAY
01 CITY : OWENS CROSS
STATE/ZIP : AL 35763
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,785.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.57100
----------------------------------------------------------------
0 0031611825 MORTGAGORS: MCKENNA SHAWN
MCKENNA KATHERINE
REGION CODE ADDRESS : 8084 SOUTH BANNOCK DRIVE
01 CITY : LARKSPUR
STATE/ZIP : CO 80118
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,314.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.50 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: 1,362,400.00
P & I AMT: 9,436.80
UPB AMT: 1,361,820.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031611965 MORTGAGORS: LOTT ROBERT
LOTT PATRICIA
REGION CODE ADDRESS : 124 SIENA DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,424.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031612179 MORTGAGORS: HALPERN MARK
HALPERN MARGARET
REGION CODE ADDRESS : 8900 BAY DRIVE
01 CITY : SURFSIDE
STATE/ZIP : FL 33154
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.52200
----------------------------------------------------------------
0 0031612187 MORTGAGORS: LUPO MICHAEL
LUPO STEPHANIE
REGION CODE ADDRESS : 17742 STEADING ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 256,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,154.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031612377 MORTGAGORS: KAMATH ARVIND
VIJAYARAGHAVAN DIVYA
REGION CODE ADDRESS : 32 TYRELLA COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 287,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.79452
----------------------------------------------------------------
0 0031612468 MORTGAGORS: POPENEY ROGER
MOHR MELISSA
REGION CODE ADDRESS : 1131 VIA CAROLINA
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,649.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,873,950.00
P & I AMT: 13,142.80
UPB AMT: 1,872,487.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031612799 MORTGAGORS: CULLERS DAVID
CULLERS SHEILA
REGION CODE ADDRESS : 11192 TRACY DRIVE
01 CITY : GRASS VALLEY
STATE/ZIP : CA 95949
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,712.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031612955 MORTGAGORS: HELLER ROBERT
HELLER EMILY
REGION CODE ADDRESS : 5304 RENAISSANCE AVENUE #1
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,186.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.47800
----------------------------------------------------------------
0 0031612963 MORTGAGORS: HALL ALLEN
FOCHT LOUISE
REGION CODE ADDRESS : 406 8TH STREET
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,716.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031613094 MORTGAGORS: HOUSE STEPHEN
HOUSE JAN
REGION CODE ADDRESS : 22012 KRISTIN LANE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,176.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031613367 MORTGAGORS: SEIBERT JOSEPH
SEIBERT CYNTHIA
REGION CODE ADDRESS : 6325 EAST OCEAN BOULEVARD
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,650.00
P & I AMT: 10,826.31
UPB AMT: 1,539,790.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031613482 MORTGAGORS: SWIRSDING JILL
SWIRSDING RICHARD
REGION CODE ADDRESS : 890 4TH STREET
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,781.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.51000
----------------------------------------------------------------
0 0031613755 MORTGAGORS: HARPER MATTHEW
REGION CODE ADDRESS : 2917 EAST HARRISON STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 158,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,288.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,134.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031614092 MORTGAGORS: ROBERTS BRUCE
MEESE JOLINDA
REGION CODE ADDRESS : 15 MOUNT BURNEY COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031614175 MORTGAGORS: PRICE THOMAS
EDWARDS-PRICE CHARLENE
REGION CODE ADDRESS : 621 TOYON DRIVE
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,433.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,562.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 74.20000
----------------------------------------------------------------
0 0031614365 MORTGAGORS: AUTHER JENNIFER
REGION CODE ADDRESS : 6215 FLORES AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,020.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.51 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: 1,338,600.00
P & I AMT: 9,219.01
UPB AMT: 1,337,524.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031614407 MORTGAGORS: ZACHAREWICZ EUGENE
ZACHAREWICZ VICTORIA
REGION CODE ADDRESS : 2102 ROSSITER PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
MORTGAGE AMOUNT : 164,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,110.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031614415 MORTGAGORS: KRAMER WARREN
MCCROSSEN WILLIAM
REGION CODE ADDRESS : 56 RAVEN LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.38900
----------------------------------------------------------------
0 0031614530 MORTGAGORS: BENEPE BRANDON
BENEPE LESLEY
REGION CODE ADDRESS : 27649 N. BRIARCLIFF PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031614654 MORTGAGORS: CORAN EDWARD
CORAN ROBYN
REGION CODE ADDRESS : 10 SHADOW LANE
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.65300
----------------------------------------------------------------
0 0031614886 MORTGAGORS: FARACI FELICE
REGION CODE ADDRESS : 2710 PRINDLE ROAD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,300.00
P & I AMT: 8,881.45
UPB AMT: 1,280,107.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031614944 MORTGAGORS: HEYGI ROGER
HEYGI DIANE
REGION CODE ADDRESS : 28941 NIGUEL VISTA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 298,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,583.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031614977 MORTGAGORS: CORTEZ JESUS
REGION CODE ADDRESS : 432 CAMINO DE TEODORO
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 66,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 468.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031615008 MORTGAGORS: ELGART EDWARD
ELGART KARIN
REGION CODE ADDRESS : 1621 OLD GULPH ROAD
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
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 : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.33700
----------------------------------------------------------------
0 0031615180 MORTGAGORS: LAWLESS LANDON
REGION CODE ADDRESS : 13560 SOUTH 273 RD EAST AVENUE
01 CITY : COWETA
STATE/ZIP : OK 74429
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031615214 MORTGAGORS: TAYLOR JUDY
REGION CODE ADDRESS : UNIT #80 EDWARD TAYLOR RD.
01 CITY : OCEAN CITY
STATE/ZIP : MD 21842
MORTGAGE AMOUNT : 66,186.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,186.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 462.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 79.96000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 919,136.00
P & I AMT: 6,335.39
UPB AMT: 918,731.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031615289 MORTGAGORS: MANN GERALD
SWALLOW LINDA
REGION CODE ADDRESS : 5849 GRAMERCY PLACE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,619.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031615529 MORTGAGORS: ROHRER CRAIG
SEGO SHARON
REGION CODE ADDRESS : 4 BELLEVIEW DRIVE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 378,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,713.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.54300
----------------------------------------------------------------
0 0031615636 MORTGAGORS: SCHWENZFEIER DANA
REGION CODE ADDRESS : 9 HARBOR VIEW TERRACE
01 CITY : SALEM
STATE/ZIP : MA 01970
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.74000
----------------------------------------------------------------
0 0031615792 MORTGAGORS: FOLTZ ROBERT
FOLTZ SUSAN
REGION CODE ADDRESS : 34340 ZIRCON TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94555
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0031615834 MORTGAGORS: FERLAUTO JOSEPH
REGION CODE ADDRESS : 28535 EVENING BREEZE DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 295,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,125.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,674,900.00
P & I AMT: 11,669.06
UPB AMT: 1,674,495.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031615875 MORTGAGORS: CHEUNG REDMUND
REGION CODE ADDRESS : 32925 REGENTS BOULEVARD
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 287,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031616105 MORTGAGORS: FINGERHOOD KARL
FINGERHOOD LAURA
REGION CODE ADDRESS : 10400 DALEBROOKE LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031616154 MORTGAGORS: LORANCE RANDAL
LORANCE ELINE
REGION CODE ADDRESS : 9907 SOUTH CLYDE PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 271,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,587.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031616287 MORTGAGORS: DOYLE WILLIAM
DOYLE VICTORIA
REGION CODE ADDRESS : 11496 HOLLY FERN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 319,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,824.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031616501 MORTGAGORS: RYAN PAUL
RYAN TRACY
REGION CODE ADDRESS : 1736 TOWNE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 272,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,370.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,300.00
P & I AMT: 9,476.63
UPB AMT: 1,393,383.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031616667 MORTGAGORS: BOEHM MITCHELL
ROSSICK SUSIE
REGION CODE ADDRESS : 2617 VIA PACHECO
01 CITY : PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 373,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,972.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,609.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.65000
----------------------------------------------------------------
0 0031616683 MORTGAGORS: LEHRER BRADLEY
VAN ALLEN-LEHRER SUSAN
REGION CODE ADDRESS : 17509 NE 31ST COURT
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 414,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,100.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,933.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031616915 MORTGAGORS: CLARK BERNARD
CLARK ROBIN
REGION CODE ADDRESS : 4333 E. LAKESIDE LANE
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,440.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,215.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031617145 MORTGAGORS: STRATTON WILLIAM
STRATTON MARGARET
REGION CODE ADDRESS : 12832 PARAPET WAY
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 545,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,631.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031617194 MORTGAGORS: STINSON MARK
STINSON JENNY
REGION CODE ADDRESS : 1313 RITCHIE COURT #2504-5
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 414,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,160.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,895.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,397,710.00
P & I AMT: 16,286.57
UPB AMT: 2,396,573.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031617210 MORTGAGORS: MAGLIARO BRIAN
MAGLIARO KRISTI
REGION CODE ADDRESS : 18921 SAINT ALBERT DRIVE
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 238,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031617343 MORTGAGORS: BUSBICE MICHAEL
BUSBICE MARTHA
REGION CODE ADDRESS : 7711 HEATHER RIDGE COURT
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,881.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031617491 MORTGAGORS: SHACKELFORD DONALD
REGION CODE ADDRESS : 4007 EDGEHILL LANE
01 CITY : SANTA YNEZ
STATE/ZIP : CA 93460
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031617558 MORTGAGORS: SMITH TAYLOR
SMITH BRENDA
REGION CODE ADDRESS : 1141 OLD COLONY ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.18800
----------------------------------------------------------------
0 0031617822 MORTGAGORS: WEINER JERALD
WEINER PATRICIA
REGION CODE ADDRESS : 31706 VIA COYOTE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,771.43 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 : 79.18900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,300.00
P & I AMT: 10,959.24
UPB AMT: 1,590,553.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031617863 MORTGAGORS: LEMPKO GREG
LEMPKO LISA
REGION CODE ADDRESS : 1273 MANNING DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 253,125.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,937.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031617889 MORTGAGORS: PHILLIPS MICHAEL
PHILLIPS ANN
REGION CODE ADDRESS : 12739 RANCHO ESTATE PLACE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 264,591.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,591.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.03900
----------------------------------------------------------------
0 0031618028 MORTGAGORS: TIMKO THOMAS
REGION CODE ADDRESS : 1220 CANDLEWOOD LANE
01 CITY : WALL
STATE/ZIP : NJ 08750
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.34 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 : 68.26000
----------------------------------------------------------------
0 0031618051 MORTGAGORS: MCAULIFFE PAUL
MCAULIFFE JEAN
REGION CODE ADDRESS : 770 EAST SADDLE RIVER ROAD
01 CITY : HO HO KUS
STATE/ZIP : NJ 07423
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,460.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.65900
----------------------------------------------------------------
0 0031618069 MORTGAGORS: SHAPIRO MARK
SHAPIRO JANET
REGION CODE ADDRESS : 1 DAWN COURT
01 CITY : FLORHAM PARK
STATE/ZIP : NJ 07932
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,533.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.88100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,334,716.00
P & I AMT: 9,175.36
UPB AMT: 1,333,086.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031618119 MORTGAGORS: KRIKORIAN GREGORY
KRIKORIAN TAMARA
REGION CODE ADDRESS : 17 PINE TERRACE WEST
01 CITY : SHORT HILLS
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,621.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.75000
----------------------------------------------------------------
0 0031618127 MORTGAGORS: GREENSTEIN MITCHELL
GREENSTEIN MAUREEN
REGION CODE ADDRESS : 1225 RIVER ROAD, UNIT 5B
01 CITY : EDGEWATER
STATE/ZIP : NJ 07020
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,514.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.61100
----------------------------------------------------------------
0 0031618267 MORTGAGORS: VRANEK JEFF
VRANEK KAREN
REGION CODE ADDRESS : 4238 FARMDALE AVENUE
01 CITY : STUDIO CITY AREA
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,301.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.93900
----------------------------------------------------------------
0 0031618283 MORTGAGORS: GUISE JAMES
GUISE JOCELYN
REGION CODE ADDRESS : 565 GALEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031618325 MORTGAGORS: KOPESKY LAWRENCE
KOPESKY JANELL
REGION CODE ADDRESS : 3606 KEONIANA PLACE
01 CITY : PRINCEVILLE
STATE/ZIP : HI 96722
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,865.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,173.34 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: 1,264,500.00
P & I AMT: 8,833.07
UPB AMT: 1,263,075.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031618390 MORTGAGORS: HENDRICKS TERENCE
REGION CODE ADDRESS : 1464 LOMA DRIVE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 376,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,334.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.28400
----------------------------------------------------------------
0 0031618556 MORTGAGORS: RAYNES STEPHEN
RAYNES SHARON
REGION CODE ADDRESS : 4078 CAMELLIA AVENUE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0031618564 MORTGAGORS: CORNELL DONALD
CORNELL SHANNON
REGION CODE ADDRESS : 9851 STAR DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 290,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,373.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.54000
----------------------------------------------------------------
0 0031618572 MORTGAGORS: IKEDA KAZUO
IKEDA ELIKO
REGION CODE ADDRESS : 8435 WOODLAWN AVENUE
01 CITY : SAN GABRIEL AREA
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,975.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031618689 MORTGAGORS: YOON SCOTT
REGION CODE ADDRESS : 555 MONTELEONE AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,292.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.93300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,900.00
P & I AMT: 10,384.39
UPB AMT: 1,488,786.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031618705 MORTGAGORS: LEE YONG
REGION CODE ADDRESS : 4460 WILSHIRE BLVD #701
01 CITY : LOS ANGELES
STATE/ZIP : CA 90010
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031618739 MORTGAGORS: MILLER JOHN
MILLER MARILYN
REGION CODE ADDRESS : 91 FREDERICK STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,155.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.62900
----------------------------------------------------------------
0 0031618796 MORTGAGORS: VERNOTICO MICHAEL
VERNOTICO JOANNE
REGION CODE ADDRESS : 151 OAK RIDGE AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 50.89800
----------------------------------------------------------------
0 0031618838 MORTGAGORS: CORNACCHIA MICHEAL
CORNACCHIA PATRICIA
REGION CODE ADDRESS : 1414 GRAYMILL DRIVE
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.24500
----------------------------------------------------------------
0 0031619042 MORTGAGORS: DE HERAS DOUGLAS
DE HERAS NICOLE
REGION CODE ADDRESS : 16271 WOODSTOCK LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,285.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,500.00
P & I AMT: 11,811.21
UPB AMT: 1,695,059.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031619059 MORTGAGORS: WRIGHT ERNEST
WRIGHT VICTORIA
REGION CODE ADDRESS : 6926 MIMOSA DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,716.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031619240 MORTGAGORS: HOWARD PAUL
HOWARD PHYLLIS
REGION CODE ADDRESS : 2171 CYPRESS STREET
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031619349 MORTGAGORS: EARWOOD LARRY
REGION CODE ADDRESS : 37190 APPLEGATE ROAD
01 CITY : MURRIETA (AREA)
STATE/ZIP : CA 92563
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031619745 MORTGAGORS: GAMBINO JOHN
REGION CODE ADDRESS : 2478 CAT CAY LANE
01 CITY : FT. LAURDERDALE
STATE/ZIP : FL 33312
MORTGAGE AMOUNT : 121,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,509.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 850.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031619802 MORTGAGORS: FERET SUSANNE
REGION CODE ADDRESS : 2611 KENILWORTH AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.41500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,337,600.00
P & I AMT: 9,289.96
UPB AMT: 1,336,821.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031620073 MORTGAGORS: WARING TODD
GORDON EVE
REGION CODE ADDRESS : 2243 22ND STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031620099 MORTGAGORS: HYUN BING
HYUN KIMBERLY
REGION CODE ADDRESS : 7 RAMADA
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,732.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031620263 MORTGAGORS: BERNASEK ROBERT
BERNASEK NANCY
REGION CODE ADDRESS : 820 HILLSIDE ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 538,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 537,610.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,807.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.76900
----------------------------------------------------------------
0 0031620347 MORTGAGORS: SAUNDERS GREGG
SAUNDERS ELIZABETH
REGION CODE ADDRESS : 43 HALL ROAD
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,718.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031620495 MORTGAGORS: ANDRADA VICTOR
ANDRADA CYNTHIA
REGION CODE ADDRESS : 210 STANBRIDGE COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,214.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.87 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: 1,928,400.00
P & I AMT: 13,336.23
UPB AMT: 1,926,934.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031620917 MORTGAGORS: SEWELL MICHAEL
SEWELL TERESA
REGION CODE ADDRESS : 22632 INDIAN SPRINGS ROAD
01 CITY : SALINA
STATE/ZIP : CA 93908
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0031621022 MORTGAGORS: MATHEWS STANTON
MATHEWS LISA
REGION CODE ADDRESS : 25181 STAGELINE DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,645.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,734.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.63700
----------------------------------------------------------------
0 0031621030 MORTGAGORS: KOROSTOFF JULIE
LARSSON CHRISTER
REGION CODE ADDRESS : 58 WALNUT STREET
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 294,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031621154 MORTGAGORS: ZANINE STACY
ZANINE WILLIAM
REGION CODE ADDRESS : 3880 FOUNTAIN CIRCLE
01 CITY : FOUNTAINVILLE
STATE/ZIP : PA 18923
MORTGAGE AMOUNT : 287,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031621295 MORTGAGORS: TRAVER TRACY
REGION CODE ADDRESS : 174 SPORT HILL ROAD
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,350.00
P & I AMT: 11,588.45
UPB AMT: 1,661,995.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031621360 MORTGAGORS: SPIZUOCO DENIS
SPIZUOCO KAREN
REGION CODE ADDRESS : 999 NORTH NEW STREET
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031621428 MORTGAGORS: GUZIEWICZ ADAM
GUZIEWICZ LORI
REGION CODE ADDRESS : 4746 55TH STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92115
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031621659 MORTGAGORS: MEIDROTH JULIE
NEAL THOMAS
REGION CODE ADDRESS : 613 18TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 28.51000
----------------------------------------------------------------
0 0031621667 MORTGAGORS: KOFFS DAVID
REGION CODE ADDRESS : 28122 CAMINO LA RHONDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.75200
----------------------------------------------------------------
0 0031621980 MORTGAGORS: KING GEORGE
REGION CODE ADDRESS : 4441-4443 20TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 329,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,645.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 48.41100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,700.00
P & I AMT: 10,369.90
UPB AMT: 1,502,936.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031622046 MORTGAGORS: ROBERTS ROBERT
ROBERTS LORNA
REGION CODE ADDRESS : 18534 MORONGO STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031622129 MORTGAGORS: RESTA LUIGI
REGION CODE ADDRESS : 841 B STREET
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031622327 MORTGAGORS: MCLAUGHLIN CHARLES
MCLAUGHLIN JANE
REGION CODE ADDRESS : 26 PORTMARNOCH COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 520,325.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,919.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,549.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031622335 MORTGAGORS: BRENNEIS STEVE
HARRISON HERMA
REGION CODE ADDRESS : 26821 MOORE OAKS ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 448,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,958.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,096.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.98500
----------------------------------------------------------------
0 0031622665 MORTGAGORS: PERKINS CHARLES
PERKINS SUSAN
REGION CODE ADDRESS : 1462 15TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 269,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.01400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,766,475.00
P & I AMT: 12,164.79
UPB AMT: 1,765,562.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031622905 MORTGAGORS: MORRIS APRIL
REGION CODE ADDRESS : 1250 LOS ROBLES PLACE
01 CITY : POMONA
STATE/ZIP : CA 91768
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031623150 MORTGAGORS: PAPPAS TIMOTHY
PAPPAS STACEY
REGION CODE ADDRESS : 1275 OCEAN BREEZE ST
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031623200 MORTGAGORS: JOHNSON WILLIAM
JOHNSON ELLENOR
REGION CODE ADDRESS : 1841 N. WILMOT
01 CITY : CHICAGO
STATE/ZIP : IL 60647
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.67469
----------------------------------------------------------------
0 0031623259 MORTGAGORS: REED DENNIS
GARCIDUENAS JESSE
REGION CODE ADDRESS : 2026 NORTH LAS PALMAS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031623291 MORTGAGORS: TENHAGEN JOSEPH
SAELENS GABRIELLA
REGION CODE ADDRESS : 3103 KINGSLEY ROAD
01 CITY : SHAKER HEIGHTS
STATE/ZIP : OH 44122
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,500.00
P & I AMT: 9,943.64
UPB AMT: 1,438,284.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031623325 MORTGAGORS: RABRENOVICH ALEKSANDAR
RABRENOVICH VIOLETA
REGION CODE ADDRESS : 10737 INSPIRATION CIRCLE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 403,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,890.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96000
----------------------------------------------------------------
0 0031623366 MORTGAGORS: GULIZIA GARY
REGION CODE ADDRESS : 5383 RENAISSANCE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031623507 MORTGAGORS: HOLTZMAN DAVID
REGION CODE ADDRESS : 904 MONROE STREET
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031623523 MORTGAGORS: BURKE THOMAS
REGION CODE ADDRESS : 224-226 GRAND VIEW AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031623861 MORTGAGORS: MCJUNKIN JACK
MCJUNKIN BARBARA
REGION CODE ADDRESS : 10161 DARIA PLACE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 379,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,368.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.66400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,813,850.00
P & I AMT: 12,601.96
UPB AMT: 1,813,568.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031623929 MORTGAGORS: BLANDY GARY
WONSON DEBORAH
REGION CODE ADDRESS : 180 BROADWAY
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.55200
----------------------------------------------------------------
0 0031624083 MORTGAGORS: GABRIEL EILEEN
SAWICKI THOMAS
REGION CODE ADDRESS : 55 ALPINE TERRACE
01 CITY : HILLSDALE
STATE/ZIP : NJ 07642
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,484.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,419.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.75200
----------------------------------------------------------------
0 0031624091 MORTGAGORS: WARNER JOHN
REGION CODE ADDRESS : 2698 DERBY DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 249,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.48900
----------------------------------------------------------------
0 0031624109 MORTGAGORS: BIBLE MICHAEL
BIBLE MICHELE
REGION CODE ADDRESS : 26611 SUNFLOWER COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031624273 MORTGAGORS: SHIRTS ROBERT
SHIRTS UNA
REGION CODE ADDRESS : 483 AVENIDA PRIMAVERA
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.74000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,950.00
P & I AMT: 11,475.01
UPB AMT: 1,643,896.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031624406 MORTGAGORS: MOGIL H.
LEVINE BARBARA
REGION CODE ADDRESS : 301 CREEK VALLEY LANE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 368,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,269.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031624430 MORTGAGORS: DOLAN PAUL
DOLAN PAULINE
REGION CODE ADDRESS : 375 SEASIDE AVENUE
01 CITY : SACO
STATE/ZIP : ME 04072
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031624497 MORTGAGORS: WILSON WENDIE
REGION CODE ADDRESS : 4066 RIVOIR DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031624588 MORTGAGORS: DOUMA DARIN
REGION CODE ADDRESS : 41 HIDDEN VALLEY ROAD
01 CITY : MONROVIA
STATE/ZIP : CA 91016
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.55500
----------------------------------------------------------------
0 0031624604 MORTGAGORS: HICKSON CHARLES
HICKSON MELISSA
REGION CODE ADDRESS : 650 ROCKY HOLLOW DRIVE
01 CITY : AKRON
STATE/ZIP : OH 44313
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,282.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.21 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: 1,548,250.00
P & I AMT: 10,646.45
UPB AMT: 1,547,262.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031624745 MORTGAGORS: GRIFFIN MARGARET
REGION CODE ADDRESS : 1706 LANIER PLACE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20009
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.68200
----------------------------------------------------------------
0 0031624885 MORTGAGORS: TANAKA THOMAS
REGION CODE ADDRESS : 4505 VIA CORONA
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,695.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,087.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.50900
----------------------------------------------------------------
0 0031625023 MORTGAGORS: MCGRADE STEPHEN
MCGRADE DENISE
REGION CODE ADDRESS : 8881 CRESTVIEW DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 274,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031625098 MORTGAGORS: WEST SCOTT
WEST GILDA
REGION CODE ADDRESS : 21355 STONETOWER DRIVE
01 CITY : TRABUCO CANYON (AREA)
STATE/ZIP : CA 92679
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031625296 MORTGAGORS: TIMMERMAN DAVID
TIMMERMAN PATRICIA
REGION CODE ADDRESS : 5506 GLENN PLACE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,737,300.00
P & I AMT: 12,137.44
UPB AMT: 1,736,467.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031625536 MORTGAGORS: HERBERT HARRY
HERBERT GINNEY
REGION CODE ADDRESS : 33771 KILLARNEY LANE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,570.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,751.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031625932 MORTGAGORS: WOZNEY CONRAD
WOZNEY KENDRA
REGION CODE ADDRESS : 322 EAST AVENIDA CORDOBA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031626369 MORTGAGORS: CHAITIN ANTHONY
CHAITIN NINA
REGION CODE ADDRESS : 1440 N STATE PARKWAY #5B
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031626559 MORTGAGORS: EVNIN KERRY
EVNIN LAURA
REGION CODE ADDRESS : 767 ROOT ROAD
01 CITY : MODESTO
STATE/ZIP : CA 95357
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031626617 MORTGAGORS: SMITH MICHAEL
SMITH SUZANNE
REGION CODE ADDRESS : 23509 GENTIAN COURT
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 188,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,156.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,300.55 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: 1,613,400.00
P & I AMT: 11,104.54
UPB AMT: 1,612,827.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031626724 MORTGAGORS: MOULTON JAMES
REGION CODE ADDRESS : 50 SANDY BEACH
01 CITY : OAKLAND
STATE/ZIP : MD 21550
MORTGAGE AMOUNT : 278,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,703.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.19100
----------------------------------------------------------------
0 0031627045 MORTGAGORS: WALSH RORY
GRIFFITH LINDA
REGION CODE ADDRESS : 129 POINT LOBOS AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
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 : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031627052 MORTGAGORS: GALEANO EUGENE
GALEANO MARIAN
REGION CODE ADDRESS : 557 DEL MONTE AVENUE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031627219 MORTGAGORS: TAN MING
REGION CODE ADDRESS : 263 SHERWOOD STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031627433 MORTGAGORS: RAMEY DAVID
RAMEY ELIZABETH
REGION CODE ADDRESS : 9615 ANDORA AVENUE
01 CITY : CHATSWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,550.00
P & I AMT: 10,417.12
UPB AMT: 1,525,670.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031627565 MORTGAGORS: SURGUINE JAMES
REGION CODE ADDRESS : 4006 SOUTHEAST OAK STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97214
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.04400
----------------------------------------------------------------
0 0031627631 MORTGAGORS: AUYEUNG ALEX
AUYEUNG DORIS
REGION CODE ADDRESS : 140 CHETWOOD DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 274,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,819.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031627953 MORTGAGORS: PARKOS CHARLES
PARKOS NICKI
REGION CODE ADDRESS : 4112 YELLOW GINGER GLEN
01 CITY : NORCROSS
STATE/ZIP : GA 30092
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.32800
----------------------------------------------------------------
0 0031628076 MORTGAGORS: YANG SEONG
YANG OK
REGION CODE ADDRESS : 1840 ALFORD AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
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 : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.80000
----------------------------------------------------------------
0 0031628217 MORTGAGORS: JONES ANN
REGION CODE ADDRESS : 833 OCEAN AVENUE #205
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 350,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,689,850.00
P & I AMT: 11,501.56
UPB AMT: 1,689,619.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031628886 MORTGAGORS: LACEY JOHN
LACEY LISA
REGION CODE ADDRESS : 2 HOLLYWOOD ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031628928 MORTGAGORS: DELUCA DEBORAH
REGION CODE ADDRESS : 312 CUPERTINO WAY
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031628936 MORTGAGORS: WISE JOHN
WISE SARA
REGION CODE ADDRESS : 8603 JELLICO AVENUE
01 CITY : NORTHRIDGE AREA(CITY OF L
STATE/ZIP : CA 91325
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 : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031628951 MORTGAGORS: ROGERS CHRISTINA
D'SOUZA BASIL
REGION CODE ADDRESS : 3716 GREYMONT DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031628977 MORTGAGORS: MARCOS FIDEL
MARCOS ANGIE
REGION CODE ADDRESS : 24422 EAST NAN COURT
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 224,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,087.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,750.00
P & I AMT: 9,039.08
UPB AMT: 1,316,374.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031629017 MORTGAGORS: LITEL STUART
REGION CODE ADDRESS : 38 EAST QUINOBEQUIN ROAD
01 CITY : WABAN
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.39900
----------------------------------------------------------------
0 0031629140 MORTGAGORS: RETA MICHAEL
RETA RHODA
REGION CODE ADDRESS : 29749 OAK BRIDGE DRIVE
01 CITY : SUN CITY
STATE/ZIP : CA 92586
MORTGAGE AMOUNT : 84,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,939.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 594.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031629165 MORTGAGORS: BELLACICCO JUDITH
REGION CODE ADDRESS : 20 IRONSIDES STREET NO. 9
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031629397 MORTGAGORS: BAINES JODY
REGION CODE ADDRESS : 8539 SUMMIT OAKS BAY
01 CITY : SAVAGE
STATE/ZIP : MN 55378
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031629405 MORTGAGORS: CONGER MATTHEW
CONGER SUE
REGION CODE ADDRESS : 11700 CONWAY ROAD
01 CITY : ST. LOUIS
STATE/ZIP : MO 63131
MORTGAGE AMOUNT : 378,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,680.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,650.00
P & I AMT: 8,649.95
UPB AMT: 1,234,396.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031629512 MORTGAGORS: ALFINETE JORGE
ALFINETE INEZ
REGION CODE ADDRESS : 3619 COBBERT DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,318.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.94800
----------------------------------------------------------------
0 0031629538 MORTGAGORS: PIERCE JAMES
PIERCE SUSAN
REGION CODE ADDRESS : 700 CALLE MONSERRAT
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 477,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,136.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,297.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.90000
----------------------------------------------------------------
0 0031629561 MORTGAGORS: MORGAN ROBERT
MORGAN LAURA
REGION CODE ADDRESS : 3221 N. SOUTHPORT
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
0 0031629702 MORTGAGORS: MOTLEY MICHAEL
MOTLEY GAIL
REGION CODE ADDRESS : 2372 NORTH COMSTOCK STREET
01 CITY : ORANGE
STATE/ZIP : CA 92865
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,330.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,536.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.68000
----------------------------------------------------------------
0 0031629777 MORTGAGORS: HENNESSEY TIMOTHY
HENNESSEY KAREN
REGION CODE ADDRESS : 1448 WHITE OAK WAY
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 299,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,727,700.00
P & I AMT: 12,067.91
UPB AMT: 1,726,985.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031629884 MORTGAGORS: YANG KUO
CHAE JUNG
REGION CODE ADDRESS : 26416 VIA DESMONDE
01 CITY : LOMITA
STATE/ZIP : CA 90717
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,574.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031630270 MORTGAGORS: SLOVAK MARC
SLOVAK BARBARA
REGION CODE ADDRESS : 15 WILTSHIRE ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
0 0031630312 MORTGAGORS: STOKES ROY
STOKES PATRICIA
REGION CODE ADDRESS : 440 KROMRAY DRIVE
01 CITY : LEMONT
STATE/ZIP : IL 60439
MORTGAGE AMOUNT : 232,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.57500
----------------------------------------------------------------
0 0031630338 MORTGAGORS: SOANES PAUL
SOANES JOSEPHINE
REGION CODE ADDRESS : 4910 VIA EL SERENO
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 441,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,937.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031630387 MORTGAGORS: ESNA-ASHARI MAJID
ESNA-ASHARI FARZANEH
REGION CODE ADDRESS : 1480 MYRTLE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,800.00
P & I AMT: 10,614.37
UPB AMT: 1,573,574.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031630742 MORTGAGORS: SANABRIA LUCIANO
SANABRIA MILAGROS
REGION CODE ADDRESS : 1003 TRIUNFO CANYON ROAD
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,908.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 828.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 42.85700
----------------------------------------------------------------
0 0031630759 MORTGAGORS: WAITE GEOFF
WAITE ATHEANE
REGION CODE ADDRESS : 28 SPRING STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.68700
----------------------------------------------------------------
0 0031630767 MORTGAGORS: LOVELL RONALD
LOVELL JULIANNA
REGION CODE ADDRESS : 28 BUTLER ROAD
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031630924 MORTGAGORS: PARR ERIC
PARR NANETTE
REGION CODE ADDRESS : 6091 SKYFARM DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031631054 MORTGAGORS: SALINAS MARIO
HOLANDA FATIMA
REGION CODE ADDRESS : 506 21ST AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 439,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,033.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,200.00
P & I AMT: 9,261.45
UPB AMT: 1,343,907.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031631138 MORTGAGORS: SCOTT MARK
SCOTT KIMBERLEY
REGION CODE ADDRESS : 113 NEWARK AVENUE
01 CITY : BRADLEY BEACH
STATE/ZIP : NJ 07720
MORTGAGE AMOUNT : 76,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 610.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031631278 MORTGAGORS: GREGORYK MICHAEL
GREGORYK MARY
REGION CODE ADDRESS : 1934 CAMINO VERA CRUZ
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 320,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,250.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0031631310 MORTGAGORS: WOODS GEORGE
WOODS BARBARA
REGION CODE ADDRESS : 106 AND 106 1/2 CORAL AVENUE
01 CITY : BALBOA ISLAND AREA
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 483,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,132.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,339.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.88200
----------------------------------------------------------------
0 0031631971 MORTGAGORS: MALAMI ANITA
REGION CODE ADDRESS : 95-681 LEWANUU STREET`
01 CITY : MILILANI
STATE/ZIP : HI 96789
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031632029 MORTGAGORS: BAKER FRANK
BAKER JUDITH
REGION CODE ADDRESS : 3229 ALTA LAGUNA BLVD.
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,678.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,200.00
P & I AMT: 10,432.81
UPB AMT: 1,522,182.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632094 MORTGAGORS: THOMPSON JOEL
THOMPSON MARGARET
REGION CODE ADDRESS : 2705 CUSTER DRIVE
01 CITY : CORINTH
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 88,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,179.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 594.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031632193 MORTGAGORS: MCKNIGHT MATTHEW
ANGEL CRISTEN
REGION CODE ADDRESS : 620 TERRACE AVENUE
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031632383 MORTGAGORS: MARIEA SCHUYLER
MARIEA SHERRY
REGION CODE ADDRESS : 1826 CHELLE CT
01 CITY : JEFFERSON CITY
STATE/ZIP : MO 65101
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031632847 MORTGAGORS: EILON GABRIEL
ZISMAN GRACIELA
REGION CODE ADDRESS : 8017 DAMAR STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031632854 MORTGAGORS: ROTH DAVID
BRAINSKY ADA
REGION CODE ADDRESS : 412 ANDREW ROAD
01 CITY : MERION
STATE/ZIP : PA 19066
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.43400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,230,250.00
P & I AMT: 8,407.77
UPB AMT: 1,229,978.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632904 MORTGAGORS: HOPP MARTIN
HOPP RANDY
REGION CODE ADDRESS : 1868 NORTH DOHENY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 619,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,563.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.48700
----------------------------------------------------------------
0 0031633076 MORTGAGORS: HART GARY
HART DEBRA
REGION CODE ADDRESS : 5025 RYLAND AVE
01 CITY : TEMPLE CITY
STATE/ZIP : CA 91780
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,294.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031633530 MORTGAGORS: MAGUIRE B.
SILVA ROSEMARY
REGION CODE ADDRESS : 43782 EXCELSO DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,147.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,450.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031633704 MORTGAGORS: MARTIN HARRY
REGION CODE ADDRESS : 773 VIRGINIA AVENUE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 194,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,461.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 64.83300
----------------------------------------------------------------
0 0031633928 MORTGAGORS: ZIEBARTH JOHN
GRAME-ZIEBARTH KAREN
REGION CODE ADDRESS : 1435 ALEXANDRIA DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 318,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,903,200.00
P & I AMT: 13,636.13
UPB AMT: 1,902,205.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031634215 MORTGAGORS: CANTER STEVE
REGION CODE ADDRESS : 8871 WONDERLAND AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,344.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031634249 MORTGAGORS: WILLIAMS HAROLD
WILLIAMS LINNETTE
REGION CODE ADDRESS : 5456 MARLSTONE LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 520,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,683.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031634462 MORTGAGORS: MC SWIGGIN JAMES
REGION CODE ADDRESS : 5 SIERRA VISTA DRIVE
01 CITY : MONTEREY
STATE/ZIP : CA 93940
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031634520 MORTGAGORS: DESFOR DONALD
DESFOR JUNE
REGION CODE ADDRESS : 3829 ELM AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.65300
----------------------------------------------------------------
0 0031634603 MORTGAGORS: BERNARD MYRON
BERNARD MARILYN
REGION CODE ADDRESS : 6960 E WHISPERING MESQUITE TRAIL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,174.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,450.00
P & I AMT: 11,740.69
UPB AMT: 1,693,450.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031634819 MORTGAGORS: CHEUNG RICHARD
CHEUNG ANITA
REGION CODE ADDRESS : 138 DELLA COURT
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 376,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,662.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031635311 MORTGAGORS: STEVENS M.
STEVENS MARIE
REGION CODE ADDRESS : 57 MARGUERITE DRIVE
01 CITY : RANCHO PALOS VERDES AREA
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,821.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 42.55300
----------------------------------------------------------------
0 0031635378 MORTGAGORS: LAURANCE MARK
LAURANCE BRENDALYNN
REGION CODE ADDRESS : 255 LASSEN DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,775.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.49100
----------------------------------------------------------------
0 0031635451 MORTGAGORS: BERMAN MARK
BERMAN MICHELLE
REGION CODE ADDRESS : 126 DARTHMOUTH ROAD
01 CITY : BALA CYNWYD
STATE/ZIP : PA 19004
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,790.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031635485 MORTGAGORS: BRUSCO CHARLES
REGION CODE ADDRESS : 7070 POLO DRIVE
01 CITY : CUMMING
STATE/ZIP : GA 30040
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.29100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,333,650.00
P & I AMT: 16,186.08
UPB AMT: 2,333,216.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031635782 MORTGAGORS: GOMEZ MICHAEL
GOMEZ BERTHA
REGION CODE ADDRESS : 423 ST. ANDREWS WAY
01 CITY : SANTA MARIA
STATE/ZIP : CA 93455
MORTGAGE AMOUNT : 258,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,682.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031636202 MORTGAGORS: GIUGLIANO LOUIS
GIUGLIANO DEBORAH
REGION CODE ADDRESS : 1725 NORTH POINSETTIA AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,295.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,432.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.08300
----------------------------------------------------------------
0 0031636251 MORTGAGORS: CROLAND SCOTT
CROLAND KERRI
REGION CODE ADDRESS : 74 BERKELEY PLACE
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.63600
----------------------------------------------------------------
0 0031636319 MORTGAGORS: HORNE SCOTT
HORNE KIMBERLY
REGION CODE ADDRESS : 952 WHITE CLOUD DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 318,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,401.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.95900
----------------------------------------------------------------
0 0031637069 MORTGAGORS: BARDIN JERRY
BARDIN TRESSIE
REGION CODE ADDRESS : 2701 CORBY DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 130,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 900.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,925.00
P & I AMT: 9,974.99
UPB AMT: 1,434,780.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031637200 MORTGAGORS: KIKUMOTO JOSEPH
KIKUMOTO KATHY
REGION CODE ADDRESS : 27 BOLERO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0031637374 MORTGAGORS: LOW TANG
LIM JUDY
REGION CODE ADDRESS : 880 EAST ESTATES DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
0 0031637390 MORTGAGORS: FRITSCHI JEFFREY
FRITSCHI SHANNON
REGION CODE ADDRESS : 1110 HOMESTEAD AVENUE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031637416 MORTGAGORS: COULSON COTTON
BRIMBERG MARIE-LOUISE
REGION CODE ADDRESS : 65 MARGUERITE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,609.94 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 : 60.38600
----------------------------------------------------------------
0 0031637556 MORTGAGORS: GRAHAM LAWRENCE
GRAHAM-VALENCIA SHEILA
REGION CODE ADDRESS : 33992 LAS PALMAS DEL MAR
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,390.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,784,000.00
P & I AMT: 12,336.89
UPB AMT: 1,783,128.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031637713 MORTGAGORS: BALDWIN TERRY
BALDWIN CATHERINE
REGION CODE ADDRESS : 13838 WEST 59TH PLACE
01 CITY : ARVADA
STATE/ZIP : CO 80004
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.01400
----------------------------------------------------------------
0 0031637879 MORTGAGORS: KRISHNAMURTHI RANGARAJAN
VEPA SUNITHA
REGION CODE ADDRESS : LOT#19 59 BLUE JAY LANE
01 CITY : ASHLAND
STATE/ZIP : MA 01721
MORTGAGE AMOUNT : 258,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031638083 MORTGAGORS: LASTUFKA FRANCIS
TSE MONIQUE
REGION CODE ADDRESS : 165 NORTH BUENA VISTA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031638174 MORTGAGORS: PENNY BRETT
PENNY JUANITA
REGION CODE ADDRESS : 327 SUMMERFIELD DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,362.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031638588 MORTGAGORS: EMILFARB MICHAEL
EMILFARB EMILIYA
REGION CODE ADDRESS : 70 GARDNER ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 446,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,082.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,100.00
P & I AMT: 10,438.08
UPB AMT: 1,514,862.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031639214 MORTGAGORS: SMITH GREGORY
ARMSTRONG SMITH GINA
REGION CODE ADDRESS : 6102 RUTHLAND ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 453,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031639743 MORTGAGORS: BOBAK MARTIN
BOBAK JULIET
REGION CODE ADDRESS : 7751 HENEFER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031639776 MORTGAGORS: RUMFOLA MARK
RUMFOLA KATHRYN
REGION CODE ADDRESS : 1401 KENSINGTON DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031639792 MORTGAGORS: GUGGENHEIM CHARLENE
REGION CODE ADDRESS : 7521 BANTRY COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 269,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,100.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031639974 MORTGAGORS: ZIERS MARK
ZIERS CATHERINE
REGION CODE ADDRESS : 9 TERRAZA DEL MAR
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,085.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,900.00
P & I AMT: 12,173.72
UPB AMT: 1,742,700.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031640543 MORTGAGORS: CHIU JOHN
REGION CODE ADDRESS : 808 CAMINO FLORES
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,658.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031640709 MORTGAGORS: SKAER LAURA
REGION CODE ADDRESS : 9111 E BERRY COURT
01 CITY : GREENWOOD VILLAGE
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,869.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.42800
----------------------------------------------------------------
0 0031641087 MORTGAGORS: PERRY ROBERT
PERRY JANE
REGION CODE ADDRESS : 364 MEADOWBROOK AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,183.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 63.73800
----------------------------------------------------------------
0 0031641194 MORTGAGORS: FICHMAN GLEN
SHIBATA PATRICIA
REGION CODE ADDRESS : 3001 PATRICIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 544,125.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,125.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,804.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031641491 MORTGAGORS: BOEDDEKER STEVEN
MICHAEL SHANNON
REGION CODE ADDRESS : 449 CLIPPER STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,987,625.00
P & I AMT: 13,673.47
UPB AMT: 1,986,653.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031641517 MORTGAGORS: HWANG JOHN
YEH LEE
REGION CODE ADDRESS : 761 STONE LANE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,606.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,074.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031641533 MORTGAGORS: SCOTT DAVID
REGION CODE ADDRESS : 521 TYNDALL STREET
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031641624 MORTGAGORS: BROWN CHARLAINE
REGION CODE ADDRESS : 25151 TERRACE LATERN STREET, #5
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 87,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 628.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------
0 0031642077 MORTGAGORS: LANCA EDSEL
LANCA MARIA
REGION CODE ADDRESS : 25315 DARLINGTON
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,866.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,005.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 56.36300
----------------------------------------------------------------
0 0031642119 MORTGAGORS: RUZICKA JOHN
RUZICKA GAIL
REGION CODE ADDRESS : 301 LA JOLLA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 245,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,913.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.27500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,850.00
P & I AMT: 9,302.10
UPB AMT: 1,374,817.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031642150 MORTGAGORS: DOUGHERTY SHARON
REGION CODE ADDRESS : 47 CALVADOS
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,757.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.30300
----------------------------------------------------------------
0 0031642234 MORTGAGORS: VALDES RICHARD
VALDES SARAH
REGION CODE ADDRESS : 35635 MEYER COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.94930
----------------------------------------------------------------
0 0031642283 MORTGAGORS: AHMAD MUBASHAR
AHMAD RASHIDA
REGION CODE ADDRESS : 14571 SAWLEAF AVENUE
01 CITY : IRVINE
STATE/ZIP : CA 92606
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031642291 MORTGAGORS: ROYS LELAND
CHENG JANUS
REGION CODE ADDRESS : 3706 PIMLICO DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,958.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031642366 MORTGAGORS: SPEVAK EILEEN
REGION CODE ADDRESS : 641 WHITE OAK WAY
01 CITY : YORKVILLE
STATE/ZIP : IL 60560
MORTGAGE AMOUNT : 189,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,866.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,354.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,200.00
P & I AMT: 9,573.11
UPB AMT: 1,377,160.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031642671 MORTGAGORS: BULLION JUSTIN
BULLION ANN
REGION CODE ADDRESS : 249 WALNUT STREET
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
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 : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031643182 MORTGAGORS: DOYLE STEPHEN
DOYLE CAROLYN
REGION CODE ADDRESS : 16 LEDGEHILL ROAD
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,041.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031643356 MORTGAGORS: ABUNDO REYNALDO
ABUNDO LILIA
REGION CODE ADDRESS : 4427 WAWONA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90065
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031643497 MORTGAGORS: VISNICK MITCHELL
REGION CODE ADDRESS : 5497 VISTA DEL DIOS
01 CITY : SAN DIEGO
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,465.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031643604 MORTGAGORS: EBBINS GARRICK
EBBINS LORAINE
REGION CODE ADDRESS : 614 WOODLAWN AVENUE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 310,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,019.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,831,250.00
P & I AMT: 12,987.21
UPB AMT: 1,830,817.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031643620 MORTGAGORS: NAVIDI ARSALAN
REGION CODE ADDRESS : 6010 STONEHENGE PLACE
01 CITY : NORTH BETHESDA
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,029.97 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 : 79.96400
----------------------------------------------------------------
0 0031643646 MORTGAGORS: ABISIA GLENN
ABISIA JOCELYN
REGION CODE ADDRESS : 8231 TANFORAN COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 356,454.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,182.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031643760 MORTGAGORS: JAHAN MICHAEL
JAHAN VALERIE
REGION CODE ADDRESS : 218 MANZANITA AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 416,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,986.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.40900
----------------------------------------------------------------
0 0031643778 MORTGAGORS: DANNHAUSEN JOHN
DANNHAUSEN LYNN
REGION CODE ADDRESS : 717 WEST ALEGRIA AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.16000
----------------------------------------------------------------
0 0031644024 MORTGAGORS: BRANDT JAMES
BRANDT JACQUELYN
REGION CODE ADDRESS : RT 77 BOX 76
01 CITY : PINE RIVER
STATE/ZIP : MN 56474
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.38900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,754.00
P & I AMT: 11,139.21
UPB AMT: 1,608,919.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031644172 MORTGAGORS: SIMMEROK BERYL
SIMMEROK BRUCE
REGION CODE ADDRESS : 6739 SHERWOOD DRIVE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,818.90 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 : 75.55500
----------------------------------------------------------------
0 0031644255 MORTGAGORS: MAKOFF JOHN
SEAVEY JUSTINE
REGION CODE ADDRESS : 207 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 423,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,877.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,922.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031644289 MORTGAGORS: HANSON LEE
HANSON CORALY
REGION CODE ADDRESS : 22 HOLLINS DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,742.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 35.67500
----------------------------------------------------------------
0 0031644297 MORTGAGORS: KORDUNER DAVID
KRIMSTON JOAN
REGION CODE ADDRESS : 4105 RHODES AVENUE
01 CITY : STUDIO CITY AREA
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,627.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.47600
----------------------------------------------------------------
0 0031644388 MORTGAGORS: SCHLAUCH THOMAS
MC CRUDEN SCHLAUCH LESLIE
REGION CODE ADDRESS : 695 HAVANA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,000.00
P & I AMT: 10,433.35
UPB AMT: 1,500,869.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031644404 MORTGAGORS: MORALES MAURICE
MORALES MARILYN
REGION CODE ADDRESS : 43855 AMITY PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,759.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031644446 MORTGAGORS: SPATAFORE GENE
SPATAFORE DAWN
REGION CODE ADDRESS : 262 RATTO ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,507.31 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 : 74.73600
----------------------------------------------------------------
0 0031644479 MORTGAGORS: BUTLER KAREN
BUTLER ROBERT
REGION CODE ADDRESS : 107 VYNE COURT
01 CITY : MORRISVILLE
STATE/ZIP : NC 27560
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.34 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 : 77.92200
----------------------------------------------------------------
0 0031644826 MORTGAGORS: CARIATI JOHN
CARIATI ALISON
REGION CODE ADDRESS : 35 NORTH STREET
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.91200
----------------------------------------------------------------
0 0031644883 MORTGAGORS: CONN HOWARD
CONN RITA
REGION CODE ADDRESS : 464 SWEETZER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,446.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,900.00
P & I AMT: 10,826.01
UPB AMT: 1,535,431.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031645070 MORTGAGORS: KASHA WALTER
REGION CODE ADDRESS : 601 1ST STREET #6
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,808.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031645138 MORTGAGORS: HOFFMAN MORLEY
GAYNOR NANCY
REGION CODE ADDRESS : 2346 MCCREA ROAD
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
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 : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031645153 MORTGAGORS: PINSKER SETH
GLEZERMAN DIANE
REGION CODE ADDRESS : 23209 MARIANO STREET
01 CITY : LOS ANGELES WOODLAND HIL
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,777.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031645187 MORTGAGORS: FIELDS DENNIS
FIELDS JENNIE
REGION CODE ADDRESS : 5280 VIA MARIPOSA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,825.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.01600
----------------------------------------------------------------
0 0031645229 MORTGAGORS: NELSON STANLEY
CURTISS SHERRY
REGION CODE ADDRESS : 716 ALABAMA STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,734.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,000.00
P & I AMT: 9,140.04
UPB AMT: 1,314,892.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031645286 MORTGAGORS: COWEE BRUCE
COWEE ANGELA
REGION CODE ADDRESS : 112 HASLEMERE COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031645385 MORTGAGORS: CLAY JOHN
CLAY BERNADETTE
REGION CODE ADDRESS : 4390 EAST ROCKY POINT ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,782.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031645492 MORTGAGORS: SHARPE MICHAEL
SHARPE MELAINEE
REGION CODE ADDRESS : 5515 LEAFY MEADOW LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031645799 MORTGAGORS: ROBINSON MICHAEL
REGION CODE ADDRESS : 5017 PALMETTO AVENUE # 71
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 147,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,690.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,059.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96700
----------------------------------------------------------------
0 0031645807 MORTGAGORS: SCHENK DOUGLAS
SCHENK KIM
REGION CODE ADDRESS : 145 WILLIS PLACE #145 BLDG 12
01 CITY : BEAVER CREEK
STATE/ZIP : CO 81620
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,030.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.97200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,289,900.00
P & I AMT: 8,997.80
UPB AMT: 1,288,053.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031645815 MORTGAGORS: MOSS ERIC
COHEN- MOSS CHERYL
REGION CODE ADDRESS : 3320 WOODVIEW CT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,681.55 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 0031645823 MORTGAGORS: AMODEI JOHN
KELLY JULI
REGION CODE ADDRESS : 3662 GREYMONT DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,432.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.67500
----------------------------------------------------------------
0 0031645914 MORTGAGORS: COGGINS WADE
COGGINS KAY
REGION CODE ADDRESS : 5971 ARABIAN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,419.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031646219 MORTGAGORS: GUYER ARCHIE
GUYER BETTY
REGION CODE ADDRESS : 7369 TOLL BRIDGE ROAD
01 CITY : BELTON
STATE/ZIP : TX 76513
MORTGAGE AMOUNT : 181,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,750.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,312.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.25900
----------------------------------------------------------------
0 0031646235 MORTGAGORS: FRISCHLING JESSICA
BULLARD WILLIAM
REGION CODE ADDRESS : 2255 DRY CREEK RD
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 542,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 541,592.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,792.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,500.00
P & I AMT: 12,281.09
UPB AMT: 1,735,876.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031646243 MORTGAGORS: KAISER THOMAS
KAISER SHERYL
REGION CODE ADDRESS : 5594 HARVARD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 195,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,737.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,430.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.22222
----------------------------------------------------------------
0 0031646268 MORTGAGORS: FRIPP RAYMOND
FRIPP LYNETTE
REGION CODE ADDRESS : 7509 RIO GRANDE BLVD, NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87107
MORTGAGE AMOUNT : 467,740.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,717.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,310.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.45600
----------------------------------------------------------------
0 0031646276 MORTGAGORS: ANKAITIS VYTAS
NELSON MARILEE
REGION CODE ADDRESS : 1935 ABINANTE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,316.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.29400
----------------------------------------------------------------
0 0031646334 MORTGAGORS: ZIEGLER DEAN
ZIEGLER PENNY
REGION CODE ADDRESS : 7640 TORBAY CIRCLE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46254
MORTGAGE AMOUNT : 315,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,938.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.80200
----------------------------------------------------------------
0 0031646342 MORTGAGORS: BRATSET DAVID
BRATSET ALICIA
REGION CODE ADDRESS : 56 SOTA PLACE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,712.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,508.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,840.00
P & I AMT: 10,636.12
UPB AMT: 1,499,422.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031646383 MORTGAGORS: CASANOVAS GONZALO
CASANOVAS VIRGINIA
REGION CODE ADDRESS : 3416 TAPER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,190.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031646433 MORTGAGORS: DOWEN ANDREW
DOWEN TERRI
REGION CODE ADDRESS : 122 CANYON ACRES DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647142 MORTGAGORS: LOW JAMES
LOW ROBIN
REGION CODE ADDRESS : 19 LAUREL ROAD
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031647282 MORTGAGORS: KORBLER WALTER
BALLIN PATRICIA
REGION CODE ADDRESS : 424 VISTA PARADA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647399 MORTGAGORS: FAUTT MARY
FAUTT MICHAEL
REGION CODE ADDRESS : 6300 SNOWBERRY COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,328.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,500.00
P & I AMT: 11,110.36
UPB AMT: 1,568,240.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031647498 MORTGAGORS: CHONG RAYMOND
CHONG MONICA
REGION CODE ADDRESS : 5463 ORA STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647506 MORTGAGORS: SIMONSON CHARLES
SIMONSON DONA
REGION CODE ADDRESS : 29571 CROWN CREEK
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647530 MORTGAGORS: GIBBS SCOTT
WINFREY PAMELA
REGION CODE ADDRESS : 650 ARTHUR STREET
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.96500
----------------------------------------------------------------
0 0031647548 MORTGAGORS: ANDERSON ANTHONY
ANDERSON DEBORA
REGION CODE ADDRESS : 623 AZURE HILLS DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,776.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.05500
----------------------------------------------------------------
0 0031647555 MORTGAGORS: SHELTON GEORGE
SHELTON SUSAN
REGION CODE ADDRESS : 38790 FENTON WAY
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,000.00
P & I AMT: 10,368.65
UPB AMT: 1,484,891.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031647563 MORTGAGORS: SAWICKI J.
SAWICKI MARCELA
REGION CODE ADDRESS : 5067 MOORPARK AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.97500
----------------------------------------------------------------
0 0031647613 MORTGAGORS: ESTRADA RAY
REGION CODE ADDRESS : 2056 WEST ELBERON STREET
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,826.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.12500
----------------------------------------------------------------
0 0031647639 MORTGAGORS: QUAN BRYAN
REGION CODE ADDRESS : 1543 FRANKLIN STREET
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031647654 MORTGAGORS: LEHRER JOSEPH
LEHRER REGINA
REGION CODE ADDRESS : 29034 OLD CARRIAGE COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,273.37 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 : 75.84800
----------------------------------------------------------------
0 0031647688 MORTGAGORS: SULLIVAN TIMOTHY
REGION CODE ADDRESS : 17 BIRDIE LANE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,500.00
P & I AMT: 10,777.57
UPB AMT: 1,540,355.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031647696 MORTGAGORS: SYLVESTER DONALD
SYLVESTER CONSTANCE
REGION CODE ADDRESS : 113 ROSE SKY COURT
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 282,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,556.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031647704 MORTGAGORS: GABEL RONALD
REGION CODE ADDRESS : 30635 COUNTRY CLUB DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,752.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.57100
----------------------------------------------------------------
0 0031647712 MORTGAGORS: LEMIEUX DOUGLAS
LEMIEUX HEIDI
REGION CODE ADDRESS : 1387 NORTH KENNYMEAD STREET
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 381,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,710.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,631.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.53100
----------------------------------------------------------------
0 0031647738 MORTGAGORS: BASKIN ALEX
BASKIN SHARON
REGION CODE ADDRESS : 6417 & 6419 WEST 6TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,732.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647746 MORTGAGORS: SMITH CARL
SMITH ELAINE
REGION CODE ADDRESS : 5968 CALLE CAMPOSECO
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,590.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,155.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 44.27400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,904,050.00
P & I AMT: 13,271.80
UPB AMT: 1,901,342.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031647753 MORTGAGORS: GOLBARI NEJATOLLAH
MANOOCHEHRI BEHNAZ
REGION CODE ADDRESS : 1719 ROXBURY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 444,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,153.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,032.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.78000
----------------------------------------------------------------
0 0031647894 MORTGAGORS: MOSBY CARL
MOSBY YVONNE
REGION CODE ADDRESS : 35065 SPENDER COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,734.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.45000
----------------------------------------------------------------
0 0031647928 MORTGAGORS: JOHNSON ALAN
JOHNSON THERESA
REGION CODE ADDRESS : 32976 DANATEAK
01 CITY : DANA POINT
STATE/ZIP : CA 92629
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647977 MORTGAGORS: JUSTISON GEORGE
FILIA RICHARD
REGION CODE ADDRESS : 4322 OAK RIDGE ROAD
01 CITY : PENNGROVE
STATE/ZIP : CA 94951
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648025 MORTGAGORS: ROSICA DANIEL
ROSICA PATRICIA
REGION CODE ADDRESS : 18647 SANTA MARIANA STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,704.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,500.00
P & I AMT: 11,951.49
UPB AMT: 1,732,174.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648454 MORTGAGORS: CARARA STEVEN
CARARA SUSAN
REGION CODE ADDRESS : 146 13TH AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 335,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,257.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.84100
----------------------------------------------------------------
0 0031648496 MORTGAGORS: THIESSEN MITCHELL
THIESSEN DONNA
REGION CODE ADDRESS : 9 CALVADOS
01 CITY : NEWPORT COAST (AREA)
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 252,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,926.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.27600
----------------------------------------------------------------
0 0031648546 MORTGAGORS: FORD FRANCIS
FORD LORRAINE
REGION CODE ADDRESS : 6319 EAST SMOKE TREE AVENUE
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648553 MORTGAGORS: DANIEL SCOTT
DANIEL BETH
REGION CODE ADDRESS : 1020 SOUTH MILES COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031648561 MORTGAGORS: SNYDER GREGORY
SNYDER VICKY
REGION CODE ADDRESS : 17722 ORNA DRIVE
01 CITY : GRANADA HILLS AREA LOS AN
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.56200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,600.00
P & I AMT: 9,556.25
UPB AMT: 1,361,594.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648579 MORTGAGORS: EBERLE MARK
EBERLE BRIGETTE
REGION CODE ADDRESS : 3332 NE 38TH STREET
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 271,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031648587 MORTGAGORS: SURTI SHAFIQ
SURTI YASMIN
REGION CODE ADDRESS : 786 SOUTH ROCKVALE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031648595 MORTGAGORS: KELSO STEPHEN
KELSO KELLIE
REGION CODE ADDRESS : 23459 LOS ENCINOS WAY
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,367.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.02500
----------------------------------------------------------------
0 0031648603 MORTGAGORS: BRIGGS DONALD
BRIGGS EVALYN
REGION CODE ADDRESS : 2350 OAKLEAF CANYON ROAD
01 CITY : WALNUT AREA
STATE/ZIP : CA 91789
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.14000
----------------------------------------------------------------
0 0031648611 MORTGAGORS: BROWN BLAZE
BROWN MARY
REGION CODE ADDRESS : 990 SOUTH CHAMPLAIN CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,823.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.59800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,400.00
P & I AMT: 10,454.32
UPB AMT: 1,524,426.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648629 MORTGAGORS: LUCERO ROBERT
LUCERO MARIA
REGION CODE ADDRESS : 15816 EAST LA PENA AVENUE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031648645 MORTGAGORS: YUDELL KENNETH
YUDELL SONIA
REGION CODE ADDRESS : 85 CANDLEWOOD ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,206.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648652 MORTGAGORS: WASSMAN PAUL
REGION CODE ADDRESS : 18030 TWO BAR ROAD
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 120,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,119.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 881.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 40.06600
----------------------------------------------------------------
0 0031648660 MORTGAGORS: RAPPAPORT FREDERICK
REGION CODE ADDRESS : 2403 PILGRIMAGE TRAIL
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,990.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.83500
----------------------------------------------------------------
0 0031648678 MORTGAGORS: STRATMAN PATRICK
STRATMAN DEBBY
REGION CODE ADDRESS : 14812 HARTSOOK STREET
01 CITY : SHERMAN OAKS AREA, LOS AN
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 266,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,706.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.13500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,232,750.00
P & I AMT: 8,654.59
UPB AMT: 1,231,841.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648686 MORTGAGORS: NICHOLSON BRIAN
NICHOLSON CATHERYNE
REGION CODE ADDRESS : 422 CLIFTON AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,699.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.77200
----------------------------------------------------------------
0 0031648835 MORTGAGORS: WONG MICHAEL
REGION CODE ADDRESS : 2113 PARK AVENUE
01 CITY : RICHMOND
STATE/ZIP : VA 23220
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,337.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031648850 MORTGAGORS: SINKEY GREG
REGION CODE ADDRESS : 1442 LAKE PARKER DRIVE
01 CITY : ODESSA
STATE/ZIP : FL 33556
MORTGAGE AMOUNT : 373,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,849.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,737.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031648868 MORTGAGORS: JORDAN JAMES
JORDAN ANNE
REGION CODE ADDRESS : 3504 BRIARS ROAD
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,089.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,540.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031648918 MORTGAGORS: PITTS JAMES
PITTS LIESA
REGION CODE ADDRESS : 703 MOCKINGBIRD PLACE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,707.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,652.19 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: 1,626,100.00
P & I AMT: 11,373.26
UPB AMT: 1,624,684.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648983 MORTGAGORS: SERVANTE MARTIN
SERVANTE CINDI
REGION CODE ADDRESS : 95 SAN CARLOS WAY
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031649007 MORTGAGORS: MADISON HAROLD
MADISON PATRICIA
REGION CODE ADDRESS : 160 EAST SIDE DRIVE
01 CITY : REHOBETH BEACH
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,017.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.21900
----------------------------------------------------------------
0 0031649015 MORTGAGORS: GIAMPETRONI JOSEPH
GIAMPETRONI RAYMA
REGION CODE ADDRESS : 4105 BEVERLY ROAD
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,741.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,386.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031649643 MORTGAGORS: PAYNE DANIEL
TSENG EVELYN
REGION CODE ADDRESS : 28675 VIA PASATIEMPO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,638.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0031649692 MORTGAGORS: KIRSCH JOHN
KIRSCH CHRISTI
REGION CODE ADDRESS : 4354 DANT BOULEVARD
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,486.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,050.00
P & I AMT: 10,163.77
UPB AMT: 1,448,484.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031649726 MORTGAGORS: ROHR KARI
ROHR RICHARD
REGION CODE ADDRESS : 821 EAST WALNUT AVENUE
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 327,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,012.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.77700
----------------------------------------------------------------
0 0031649734 MORTGAGORS: HOWARD DOUGLAS
HOWARD MARY
REGION CODE ADDRESS : 2891 WATERFALL LANE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 247,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,380.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031649767 MORTGAGORS: HICKMAN FREDERICK
HICKMAN SHERRY
REGION CODE ADDRESS : 2966 WEST SNEAD PLACE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.37800
----------------------------------------------------------------
0 0031649775 MORTGAGORS: BROWN BONNIE
REGION CODE ADDRESS : 828 PACIFIC STREET
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,777.29 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 0031649809 MORTGAGORS: DODGE WILLIAM
DODGE PATTI
REGION CODE ADDRESS : 23 TANGLEWOOD
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,600.00
P & I AMT: 9,234.80
UPB AMT: 1,318,807.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031649825 MORTGAGORS: ALECKSON KEITH
ALECKSON SEVDA
REGION CODE ADDRESS : 57 TIMBERLAND
01 CITY : ORANGE COUNTY
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,761.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.73300
----------------------------------------------------------------
0 0031649841 MORTGAGORS: JOHNSON LEE ANN
REGION CODE ADDRESS : 4818 CROWN AVE
01 CITY : LA CANADA - FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,713.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031649916 MORTGAGORS: PRIDDY CAROL
REGION CODE ADDRESS : 13518 MOCKINGBIRD WAY
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,121.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.56300
----------------------------------------------------------------
0 0031649957 MORTGAGORS: KHOSROWABADI G
KHOSROWABADI APRIL
REGION CODE ADDRESS : 9417 CATTARAUGUS AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0031649973 MORTGAGORS: GAFFNEY CHARLES
GAFFNEY NICOLE
REGION CODE ADDRESS : 11737 GOSHEN AVENUE #201
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,789.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,300.00
P & I AMT: 10,579.45
UPB AMT: 1,501,200.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031649981 MORTGAGORS: JOHN STEPHEN
MARTIN TINA
REGION CODE ADDRESS : 1912 CHULA VISTA DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 302,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031649999 MORTGAGORS: CLARK DAVE
CLARK DEBORAH
REGION CODE ADDRESS : 764 DAISYFIELD COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,577.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031650005 MORTGAGORS: DUONG DAVID
TU JENNIFER
REGION CODE ADDRESS : 5423 ESQUIVEL AVENUE
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,331.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.84600
----------------------------------------------------------------
0 0031650013 MORTGAGORS: BUCKINGHAM THOMAS
HENRY PATRICIA
REGION CODE ADDRESS : 304 CALIFORNIA AVENUE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,990.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031650021 MORTGAGORS: SOIBERG HENRIK
SOIBERG LISA
REGION CODE ADDRESS : 2220 HARRIMAN LANE NO. B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,574.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.93 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: 1,400,900.00
P & I AMT: 9,715.65
UPB AMT: 1,400,072.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031650047 MORTGAGORS: KURATA MICHAEL
KURATA ROSAMARIA
REGION CODE ADDRESS : 25901 MATFIELD DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,817.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
0 0031650096 MORTGAGORS: TURIGLIATTO JON
TURIGLIATTO KARI
REGION CODE ADDRESS : 5335 EAST CONANT STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,863.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,243.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.82200
----------------------------------------------------------------
0 0031651441 MORTGAGORS: TUDOR FREDERIC
TUDOR MIRIAM
REGION CODE ADDRESS : 715 BAY ROAD
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,698.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,448.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031651490 MORTGAGORS: STODDARD MARSHALL
REGION CODE ADDRESS : 6007 CLEAR VALLEY ROAD
01 CITY : HIDDEN HILLS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,796.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,965.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031651573 MORTGAGORS: TAMANI SHARON
TAMANI SCOTT
REGION CODE ADDRESS : 28571 CHIMNEY ROCK CIRCLE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 255,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,700.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,150.00
P & I AMT: 11,122.45
UPB AMT: 1,629,875.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031651581 MORTGAGORS: KELLEY MARK
BUTTERWORTH ANN
REGION CODE ADDRESS : 2594 CUSTER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95728
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,818.90 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 : 58.04800
----------------------------------------------------------------
0 0031651607 MORTGAGORS: LUNDIN LEONARD
LUNDIN MARY
REGION CODE ADDRESS : 16214 BIMINI LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 396,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,605.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031651656 MORTGAGORS: GUNNETTE RORY
GUNNETTE HOLLY
REGION CODE ADDRESS : 8372 STARVIEW DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92509
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,804.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.86500
----------------------------------------------------------------
0 0031651664 MORTGAGORS: JONCZYK JOHN
JONCZYK BOZENA
REGION CODE ADDRESS : 9 LENAPE TRAIL
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031651722 MORTGAGORS: O BRIEN MICHAEL
O BRIEN BARBARA
REGION CODE ADDRESS : 4526 MAX DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92115
MORTGAGE AMOUNT : 250,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,999.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,100.00
P & I AMT: 9,429.25
UPB AMT: 1,368,229.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031651813 MORTGAGORS: OPRANDY JOHN
REGION CODE ADDRESS : 17914 HICKMAN STREET
01 CITY : POOLESVILLE
STATE/ZIP : MD 20837
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,799.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.54700
----------------------------------------------------------------
0 0031651821 MORTGAGORS: OGAR T
OGAR DENNISE
REGION CODE ADDRESS : 3 SWAN LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031651847 MORTGAGORS: KWONG KWOK
KWONG YU
REGION CODE ADDRESS : 19442 SIERRA NUEVO ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,712.92 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 0031651854 MORTGAGORS: FUHRMAN WILLIAM
FUHRMAN KAYE
REGION CODE ADDRESS : 1021 CLIPPER COURT
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.93400
----------------------------------------------------------------
0 0031651862 MORTGAGORS: FARAGO LASZLO
FARAGO MARIA
REGION CODE ADDRESS : 964 HURLSTONE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.85500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,000.00
P & I AMT: 9,986.32
UPB AMT: 1,429,932.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031651904 MORTGAGORS: SAFONOFF ALEXANDER
SAFONOFF HELEN
REGION CODE ADDRESS : 2060 HILLSBURY ROAD
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97500
----------------------------------------------------------------
0 0031651938 MORTGAGORS: GARRITY JERRY
GARRITY MARIE-CLAUDE
REGION CODE ADDRESS : 1505 KOCH LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.67100
----------------------------------------------------------------
0 0031651979 MORTGAGORS: ROSS ALAN
ROSS PATRICIA
REGION CODE ADDRESS : 64 GIRALDA WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 572,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 571,564.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,950.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
0 0031651995 MORTGAGORS: HACKETT DANIEL
HACKETT GERALDINE
REGION CODE ADDRESS : 5480 LOS ESTADOS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 375,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,907.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031652050 MORTGAGORS: ROVEN ALFRED
ROVEN MONA
REGION CODE ADDRESS : 30605 LAS ESTRELLAS DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 306,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,372.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,061,800.00
P & I AMT: 14,197.27
UPB AMT: 2,060,221.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031652068 MORTGAGORS: SHAFFER JEANNE
REGION CODE ADDRESS : 1932 SERGE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,302.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.73900
----------------------------------------------------------------
0 0031652092 MORTGAGORS: SPENCER PENNY
REGION CODE ADDRESS : 190 RANCHITOS DEL SOL
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,791.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.21100
----------------------------------------------------------------
0 0031652167 MORTGAGORS: BUTLER JEFFREY
BUTLER FAITH
REGION CODE ADDRESS : 23 PORTMARNOCH
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.71900
----------------------------------------------------------------
0 0031652183 MORTGAGORS: COPELAND ROBERT
COPELAND CAMILLE
REGION CODE ADDRESS : 9812 RAINER CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
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 : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.20430
----------------------------------------------------------------
0 0031652191 MORTGAGORS: SHAWGER STEPHEN
SHAWGER NANCI
REGION CODE ADDRESS : 2631 CORAL RIDGE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,500.00
P & I AMT: 11,094.12
UPB AMT: 1,619,244.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031652464 MORTGAGORS: CHAMBERS MICHAEL
CHANBERS DIANA
REGION CODE ADDRESS : 1627 CORTE LADERA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031652928 MORTGAGORS: MONROE RICHARD
MONROE MARIA
REGION CODE ADDRESS : 19322 196TH AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031652951 MORTGAGORS: FINKEL DAVID
FINKEL MARIA
REGION CODE ADDRESS : 1114 MERRIMAC DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031652969 MORTGAGORS: ADACHI ROBERT
REGION CODE ADDRESS : 8 BLACKBIRD LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031652985 MORTGAGORS: KANDASAMY VEERAIYAN
REGION CODE ADDRESS : 1187 ALDERBROOK LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 393,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,885.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,649.07 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: 1,535,950.00
P & I AMT: 10,652.26
UPB AMT: 1,535,246.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031653124 MORTGAGORS: SMITH REGINALD
REGION CODE ADDRESS : 4225 NORTHRIDGE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,142.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.83300
----------------------------------------------------------------
0 0031653132 MORTGAGORS: LINDEKENS RICHARD
PEDERSEN RAELYNN
REGION CODE ADDRESS : 1366 CIMARRON DRIVE
01 CITY : SANTA YNEZ
STATE/ZIP : CA 93460
MORTGAGE AMOUNT : 283,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,499.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
0 0031653165 MORTGAGORS: WIEBER DAVID
WIEBER MICHELLE
REGION CODE ADDRESS : 1189 CRESCENT DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,748.81 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 : 56.19500
----------------------------------------------------------------
0 0031653181 MORTGAGORS: BRICKMAN BERNARD
BRICKMAN PEARL
REGION CODE ADDRESS : 971 LINDA FLORA DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 526,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 525,609.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,677.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.57142
----------------------------------------------------------------
0 0031653199 MORTGAGORS: BARNETT RODGER
BARNETT MARY
REGION CODE ADDRESS : 6 ARADO
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,938.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.40 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: 1,718,900.00
P & I AMT: 11,983.44
UPB AMT: 1,713,939.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031653207 MORTGAGORS: RAH ANDREW
RAH MINA
REGION CODE ADDRESS : 2823 GRAYSBY AVENUE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------
0 0031653223 MORTGAGORS: LANDKAMER MARK
REPPOND FRED
REGION CODE ADDRESS : 396 MARIETTA DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,708.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.49400
----------------------------------------------------------------
0 0031653231 MORTGAGORS: MC CARTHY MICHAEL
MC CARTHY MOLLY ANN
REGION CODE ADDRESS : 76 LLEWELLYN AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031653256 MORTGAGORS: MANGOLD ELDON
MANGOLD JANET
REGION CODE ADDRESS : 6015 SANDBROOK DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90274
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 44.16666
----------------------------------------------------------------
0 0031653272 MORTGAGORS: PESTELLO ROBERT
PESTELLO JODI
REGION CODE ADDRESS : 1916 PESCADORES
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,000.00
P & I AMT: 10,551.63
UPB AMT: 1,533,820.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031653280 MORTGAGORS: CARVAJAL JORGE
REGION CODE ADDRESS : 2465 WILD OAK DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.94300
----------------------------------------------------------------
0 0031653298 MORTGAGORS: VAN DUSEN DENNIS
VAN DUSEN JULIE
REGION CODE ADDRESS : 7905 WINDSOR KNOLL LANE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,683.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.84200
----------------------------------------------------------------
0 0031653306 MORTGAGORS: SUBBIAH BALAMURUGAN
SUBBIAH BHUVANESWARI
REGION CODE ADDRESS : 8253 TANFORAN COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 348,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,991.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031653348 MORTGAGORS: GARRETT STEVEN
GARRETT KATHLEEN
REGION CODE ADDRESS : 718 VALLEY WAY
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.83300
----------------------------------------------------------------
0 0031653405 MORTGAGORS: DUTRA DOMINIC
DUTRA LISA
REGION CODE ADDRESS : 539 BARCELONA DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,283.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,655,250.00
P & I AMT: 11,473.15
UPB AMT: 1,647,532.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031653470 MORTGAGORS: O'BEIRNE GERRARD
O'BEIRNE DEIRDRE
REGION CODE ADDRESS : 1022-1022A-1024-1026 GREENWIC ST.
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94133
MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 576,814.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,265.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.04400
----------------------------------------------------------------
0 0031653512 MORTGAGORS: HERMANS LOUIS
HERMANS EILEEN
REGION CODE ADDRESS : 5 BEAR COURT
01 CITY : HAMILTON
STATE/ZIP : NJ 08620
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,563.83 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 0031653678 MORTGAGORS: HARPER JAMES
HARPER SUSAN
REGION CODE ADDRESS : 3351 MURILLO AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.38400
----------------------------------------------------------------
0 0031653777 MORTGAGORS: SOPKO ROBERT
SOPKO LAURIE
REGION CODE ADDRESS : 33 SANTA LUCIA
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 354,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,258.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031653793 MORTGAGORS: COYE WADE
COYE JOAN
REGION CODE ADDRESS : 1209 BRYN MAWR STREET
01 CITY : ORLANDO
STATE/ZIP : FL 32804
MORTGAGE AMOUNT : 369,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,899.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,973,500.00
P & I AMT: 14,022.50
UPB AMT: 1,967,536.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031653801 MORTGAGORS: GEZALYAN MKRTYCH
GEZALYAN LOUSIN
REGION CODE ADDRESS : 1626 NEW YORK DRIVE
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,754.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.00000
----------------------------------------------------------------
0 0031654130 MORTGAGORS: CLOUTIER DAVID
CLOUTIER LAURA
REGION CODE ADDRESS : 15 SAN CARIN
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 347,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,578.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031654221 MORTGAGORS: MANN RONALD
MUELLER-MANN GINGER
REGION CODE ADDRESS : 19916 BEAR VALLEY LANE
01 CITY : LOS ANGELES NORTHRIDGE A
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,751.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.35000
----------------------------------------------------------------
0 0031654288 MORTGAGORS: SIMMONS GERALD
SIMMONS ESTHER
REGION CODE ADDRESS : 13222 WHISTLER LANE
01 CITY : GRANADA HILLS AREA LOS AN
STATE/ZIP : CA 91344
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.54900
----------------------------------------------------------------
0 0031654346 MORTGAGORS: TABACK GERALD
TABACK BETTE
REGION CODE ADDRESS : 8 HEATHERWOOD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,013.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.82100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,050.00
P & I AMT: 10,510.86
UPB AMT: 1,510,913.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031655145 MORTGAGORS: MARVIN TODD
MARVIN CHRISTINE
REGION CODE ADDRESS : 1739 NW 100TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,766.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031655160 MORTGAGORS: DENCE DAVID
DENCE SUSAN
REGION CODE ADDRESS : 71 CLIFF DRIVE
01 CITY : NARRAGANSETT
STATE/ZIP : RI 02882
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.59700
----------------------------------------------------------------
0 0031655194 MORTGAGORS: RAPER ALBERT
RAPER CLARA
REGION CODE ADDRESS : 25 CHESAPEAKE LANDING
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 289,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,584.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031655210 MORTGAGORS: LOWRY MARK
REGION CODE ADDRESS : 14901 COBBLESTONE DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,870.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031655400 MORTGAGORS: BARTT RUSSELL
ORTIZ JOANNA
REGION CODE ADDRESS : 618 SOUTH LAFLIN STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60607
MORTGAGE AMOUNT : 292,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,382.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,850.00
P & I AMT: 10,762.28
UPB AMT: 1,550,270.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031655616 MORTGAGORS: MCGURGAN VINCENT
MCGURGAN GAIL
REGION CODE ADDRESS : 36 MELROSE LANE
01 CITY : LINCOLNSHIRE
STATE/ZIP : IL 60069
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 56.14000
----------------------------------------------------------------
0 0031655749 MORTGAGORS: LIVNE SAMUEL
REGION CODE ADDRESS : 20030 MAYALL STREET
01 CITY : CHATSWORTH AREA) LOS ANGE
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,510.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031655822 MORTGAGORS: PANOSSIAN MOVSES
PANOSSIAN HASMIG
REGION CODE ADDRESS : 2600 RISA DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,800.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.50000
----------------------------------------------------------------
0 0031655848 MORTGAGORS: IBERT JAMES
IBERT CARRIE
REGION CODE ADDRESS : 9435 SWAN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,976.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.71500
----------------------------------------------------------------
0 0031656408 MORTGAGORS: ROCK WILLIAM
ROCK SANDRA
REGION CODE ADDRESS : 490 BEACHFRONT TRAIL
01 CITY : SANTA ROSA BEACH
STATE/ZIP : FL 32459
MORTGAGE AMOUNT : 376,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,796.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 44.28200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,800.00
P & I AMT: 9,360.79
UPB AMT: 1,379,573.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031656416 MORTGAGORS: WESTON DAVID
WESTON DIANN
REGION CODE ADDRESS : 22949 NORTH 91ST WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,699.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031656424 MORTGAGORS: CORNWELL WILLIAM
CORNWELL CHRISTY
REGION CODE ADDRESS : 548 AMITY ROAD
01 CITY : GALLOWAY
STATE/ZIP : OH 43119
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,469.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.50000
----------------------------------------------------------------
0 0031656432 MORTGAGORS: TERRELL BETH
DAUDT MICHAEL
REGION CODE ADDRESS : 2108 N 38TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 278,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,498.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.62800
----------------------------------------------------------------
0 0031656465 MORTGAGORS: WILLIAMS DEAN
WILLIAMS SHARON
REGION CODE ADDRESS : 25116 BARCLAY LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031656671 MORTGAGORS: GUMM JAMES
REGION CODE ADDRESS : 14483 SW AYNSLEY WAY
01 CITY : TIGARD
STATE/ZIP : OR 97224
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,655.14 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 : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,800.00
P & I AMT: 8,986.49
UPB AMT: 1,271,153.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031656838 MORTGAGORS: MAY ROBERT
MAY CHERYL
REGION CODE ADDRESS : 2117 AVENIDA OLIVA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,705.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031656952 MORTGAGORS: SORENSEN LYLE
SORENSEN GRETCHEN
REGION CODE ADDRESS : 4120 MERIDAN AVENUE NORTH
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,767.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.54700
----------------------------------------------------------------
0 0031657406 MORTGAGORS: PAKKALA MATTHEW
PAKKALA TRACY
REGION CODE ADDRESS : 11917 WOOD RANCH ROAD
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031657448 MORTGAGORS: BAUMEL KEITH
BAUMEL DEBORAH
REGION CODE ADDRESS : 371 BAYSIDE DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.83300
----------------------------------------------------------------
0 0031657554 MORTGAGORS: TAKI MOHAMMED
TAKI SAIRUL
REGION CODE ADDRESS : 1902 FUMIA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 328,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,443.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99513
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,700.00
P & I AMT: 11,380.18
UPB AMT: 1,661,211.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031657588 MORTGAGORS: RIOS EPIFANIO
RIOS ROSA
REGION CODE ADDRESS : 2070 CAROUSEL DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 232,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,277.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99077
----------------------------------------------------------------
0 0031657638 MORTGAGORS: WONG LAWRENCE
ROESLER-WONG MARIA
REGION CODE ADDRESS : 27004 FOND DU LAC ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.93700
----------------------------------------------------------------
0 0031657653 MORTGAGORS: GULLOTTI STEVEN
GULLOTTI BRIANNE
REGION CODE ADDRESS : 5932 HIGHLAND AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.43100
----------------------------------------------------------------
0 0031658776 MORTGAGORS: LILES MICHAEL
BOWMAN LILES CATHERINE
REGION CODE ADDRESS : 327 UNION STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031658792 MORTGAGORS: MELKONIAN NINA
REGION CODE ADDRESS : 7238 WOODROW WILSON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,450.00
P & I AMT: 11,087.85
UPB AMT: 1,607,277.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031658800 MORTGAGORS: BOWMAN RICHARD
REGION CODE ADDRESS : 2840 LUMBERT PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,190.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031659816 MORTGAGORS: GRIFFITH RAYMOND
GRIFFITH CINDY
REGION CODE ADDRESS : 39593 POTOMAC AVENUE
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,118.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031659824 MORTGAGORS: DEBAUFRE ANN
MAY DENNIS
REGION CODE ADDRESS : 11 SHEFFIELD COURT
01 CITY : VICTOR
STATE/ZIP : NY 14564
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,618.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031659840 MORTGAGORS: WATTS MATTHEW
REGION CODE ADDRESS : 2960 HABERSHAM WAY NW
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 401,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,702.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,803.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.90900
----------------------------------------------------------------
0 0031659865 MORTGAGORS: GAVIGAN EDWARD
GAVIGAN MARIE
REGION CODE ADDRESS : 46-120 IPUKA PLACE
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 383,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,415.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.78800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,579,600.00
P & I AMT: 11,044.82
UPB AMT: 1,578,044.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031659873 MORTGAGORS: CRAIG PETER
CRAIG BARBARA
REGION CODE ADDRESS : 17801 BLACK STALLION WAY
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,297.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.35400
----------------------------------------------------------------
0 0031659899 MORTGAGORS: GILLASPIE R.
GILLASPIE NORMA
REGION CODE ADDRESS : 13316 E. PLACITA EL ALGODON
01 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031659980 MORTGAGORS: GMITTER RICHARD
GMITTER CHRISTIA
REGION CODE ADDRESS : 6606 DELMONICO DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 296,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,180.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031660111 MORTGAGORS: EGAN HOWARD
EGAN JEANETTE
REGION CODE ADDRESS : 219 ELINOR STREET
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031660129 MORTGAGORS: TRUDEAU ROBERT
TRUDEAU CLAUDIA
REGION CODE ADDRESS : 2573 BARCELONA DRIVE
01 CITY : PISMO BEACH
STATE/ZIP : CA 93449
MORTGAGE AMOUNT : 322,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,048.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.83500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,800.00
P & I AMT: 10,436.68
UPB AMT: 1,502,873.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031660178 MORTGAGORS: SOLVE ERIC
SHEEHAN BRIDGET
REGION CODE ADDRESS : 325 BRIMBLECOM ROAD
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 157,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,088.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031660194 MORTGAGORS: PINKERTON THOMAS
PINKERTON JEANNETTE
REGION CODE ADDRESS : 288 ALLEN LANE
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031660376 MORTGAGORS: GANGLE JEFFREY
GANGLE KELLEY
REGION CODE ADDRESS : 2423 NORFOLK ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32803
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,118.08 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 : 90.00000
----------------------------------------------------------------
0 0031660384 MORTGAGORS: DEIGHAN CHRISTINE
DEIGHAN CLIFFORD
REGION CODE ADDRESS : 1574 MILLER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,205.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031660392 MORTGAGORS: GARVEY JEROLD
GARVEY KATHLEEN
REGION CODE ADDRESS : 57 MARLBOROUGH STREET, UNIT # 3
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,397.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.60100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,600.00
P & I AMT: 10,105.70
UPB AMT: 1,475,689.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031660400 MORTGAGORS: BRENNAN MICHEAL
BRENNAN JUDITH
REGION CODE ADDRESS : 6 CHANNEL DR
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,875.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.34800
----------------------------------------------------------------
0 0031660467 MORTGAGORS: MILLER ARLINGTON
MILLER MARY
REGION CODE ADDRESS : 440 WILDWOOD ROAD
01 CITY : CARLISLE
STATE/ZIP : PA 17013
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.12500
----------------------------------------------------------------
0 0031660483 MORTGAGORS: ROBINSON EDWARD
ROBINSON ASHLEY
REGION CODE ADDRESS : 500 STONECLIFFE PLACE
01 CITY : PORT MATILDA
STATE/ZIP : PA 16870
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,650.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031660509 MORTGAGORS: VOLGENAU DOUGLAS
VOLGENAU SUSAN
REGION CODE ADDRESS : 120 EAST SHORE AVENUE
01 CITY : GROTON
STATE/ZIP : CT 06340
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.47100
----------------------------------------------------------------
0 0031660525 MORTGAGORS: HERRINGTON JAMES
HERRINGTON ELLEN
REGION CODE ADDRESS : 6 CROSS STREET
01 CITY : BARNSTABLE
STATE/ZIP : MA 02672
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,618.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,300.00
P & I AMT: 9,826.08
UPB AMT: 1,403,427.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031660541 MORTGAGORS: FITZGERALD JOHN
FITZGERALD ARLEEN
REGION CODE ADDRESS : 5490 TAMARACK CIRCLE
01 CITY : MINNETONKA
STATE/ZIP : MN 55345
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.25700
----------------------------------------------------------------
0 0031660756 MORTGAGORS: AZIM FAROOQ
AZIM ABIDA
REGION CODE ADDRESS : 32473 RED MAPLE STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,598.51 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 : 79.97583
----------------------------------------------------------------
0 0031660814 MORTGAGORS: BACKSTROM BRYAN
BACKSTROM KATHLEEN
REGION CODE ADDRESS : 7747 BROADACRE PLACE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,282.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.13100
----------------------------------------------------------------
0 0031660871 MORTGAGORS: LAU HENRY
LAU MARIE
REGION CODE ADDRESS : 1247-1249 MANET DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,704.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.05600
----------------------------------------------------------------
0 0031660897 MORTGAGORS: SPIKER WILLIAM
SPIKER ISABEL
REGION CODE ADDRESS : 1175 GALVEZ DRIVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.41600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,800.00
P & I AMT: 10,896.77
UPB AMT: 1,537,339.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031660905 MORTGAGORS: WENIG ROBERT
WENIG DONNA
REGION CODE ADDRESS : 181 BUENA VISTA AVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.25900
----------------------------------------------------------------
0 0031661192 MORTGAGORS: ANNIS STEVEN
ANNIS LYNN
REGION CODE ADDRESS : 25552 CREEK DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,810.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.61500
----------------------------------------------------------------
0 0031661200 MORTGAGORS: HARDESTY KATHIE
REGION CODE ADDRESS : 163 WIMBLEDON COURT
01 CITY : PALM DESERT
STATE/ZIP : CA 92260
MORTGAGE AMOUNT : 78,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 77,940.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 538.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.77700
----------------------------------------------------------------
0 0031661218 MORTGAGORS: CORINI NICKOLAS
CORINI SHARON
REGION CODE ADDRESS : 200 FOOTHILL ROAD
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 409,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,711.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,930.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.60900
----------------------------------------------------------------
0 0031661523 MORTGAGORS: LIAW NADINE
LIAW YI-SHINN
REGION CODE ADDRESS : 6476 ERIN DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 268,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,395.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,404,600.00
P & I AMT: 9,840.67
UPB AMT: 1,403,561.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031662380 MORTGAGORS: STEWART LINDON
STEWART CAROL
REGION CODE ADDRESS : 19292 LEAL TRAIL
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031662638 MORTGAGORS: AGNEW JASON
AGNEW JENNIFER
REGION CODE ADDRESS : 27 PINE STREET
01 CITY : PEPPERELL
STATE/ZIP : MA 01463
MORTGAGE AMOUNT : 119,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 833.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031663347 MORTGAGORS: LEONARD MILFORD
LEONARD LARHONDA
REGION CODE ADDRESS : 5500 SAMANTHA AVENUE
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.90500
----------------------------------------------------------------
0 0031663412 MORTGAGORS: PLYMELL BRIAN
PLYMELL KAREN
REGION CODE ADDRESS : 2016 BELMONT LANE # A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,788.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.55000
----------------------------------------------------------------
0 0031663537 MORTGAGORS: BALLEW SUSAN
REGION CODE ADDRESS : 28852 TOP OF THE WORLD DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.68000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,700.00
P & I AMT: 9,922.17
UPB AMT: 1,435,488.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031663875 MORTGAGORS: CRAVENS NORMAN
CRAVENS NANCY
REGION CODE ADDRESS : 5212 SENFORD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.85300
----------------------------------------------------------------
0 0031664386 MORTGAGORS: MASSINI PAUL
REGION CODE ADDRESS : 1131 ABINGDON ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,558.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031664402 MORTGAGORS: TORRES LORENZO
REGION CODE ADDRESS : 3224 THE ALAMEDA
01 CITY : CONCORD
STATE/ZIP : CA 94519
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,332.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031664436 MORTGAGORS: RICHARD RONALD
RICHARD DEBORAH
REGION CODE ADDRESS : 31769 POOLE COURT
01 CITY : TEMECULA
STATE/ZIP : CA 92591
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,065.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031664485 MORTGAGORS: METERSKY NEAL
METERSKY TAMMY
REGION CODE ADDRESS : 15245 S.W.L MORAINE COURT
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,335.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.96900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,379,000.00
P & I AMT: 9,725.49
UPB AMT: 1,377,992.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031664576 MORTGAGORS: ABAD LARRY
ABAD JOYCE
REGION CODE ADDRESS : 2 SKYGATE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.55500
----------------------------------------------------------------
0 0031664691 MORTGAGORS: MORRISON ROGER
MORRISON CHARLA
REGION CODE ADDRESS : 4512 CROWN KNOLL CIRCLE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 379,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,652.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.54600
----------------------------------------------------------------
0 0031664725 MORTGAGORS: RAIG DAVID
REGION CODE ADDRESS : 727 S. BROADWAY #A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031664923 MORTGAGORS: NYMAN SHARI
NYMAN DAVID
REGION CODE ADDRESS : 127 ROTARY DRIVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.72400
----------------------------------------------------------------
0 0031665250 MORTGAGORS: FLEMING CASEY
FLEMING SUSAN
REGION CODE ADDRESS : 33432 DOSINIA DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 323,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.95100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,000.00
P & I AMT: 11,273.44
UPB AMT: 1,619,797.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031666381 MORTGAGORS: GHALLAB GHALIB
GHALLAB TOYA
REGION CODE ADDRESS : 6984 STONE MEADOWS AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89122
MORTGAGE AMOUNT : 242,304.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,124.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031667520 MORTGAGORS: KENT CRAIG
SPRINGMAN RICHARD
REGION CODE ADDRESS : 23 WARNER ROAD
01 CITY : EAST HADDAM
STATE/ZIP : CT 06423
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,903.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031668155 MORTGAGORS: JOHNSON J
JOHNSON RENEE
REGION CODE ADDRESS : 1524 GROMMON ROAD
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,035.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031669260 MORTGAGORS: YU RANDALL
YUE ALICE
REGION CODE ADDRESS : 164 18TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031669419 MORTGAGORS: HASSELHOFF JOSEPH
HASSELHOFF DOLORES
REGION CODE ADDRESS : 1026 NORUMBEGA DRIVE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
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 : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,154.00
P & I AMT: 9,734.91
UPB AMT: 1,403,606.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031669633 MORTGAGORS: HAAS SCOTT
GOLDMAN LAURA
REGION CODE ADDRESS : 27 GIBSON STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 33.02800
----------------------------------------------------------------
0 0031669732 MORTGAGORS: MISUMI JOHN
LIM MINNIE
REGION CODE ADDRESS : 1513 WALNUT AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031669773 MORTGAGORS: PERRY BRIAN
PERRY DIANE
REGION CODE ADDRESS : 7310 BLACK SWAN PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,788.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.27200
----------------------------------------------------------------
0 0031669781 MORTGAGORS: CAMERON HERBERT
CAMERON JEANNE
REGION CODE ADDRESS : 21215 SILENT SPRING LANE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031669799 MORTGAGORS: CURUKCUYAN YERVANT
CURUKCUYAN HASMIK
REGION CODE ADDRESS : 18406 CHATHAM LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.97436
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,000.00
P & I AMT: 9,675.72
UPB AMT: 1,389,627.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031670177 MORTGAGORS: BATEMAN DAVID
BATEMAN MARSCHELLE
REGION CODE ADDRESS : 536 GRANITE HILLS STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 296,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031670235 MORTGAGORS: MOHSENI-ABYANE ALI
MOHSENI-ABYANE SOHEILA
REGION CODE ADDRESS : 1707 GREENBRIAR ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031670250 MORTGAGORS: TEBELEV IGOR
TEBELEVA RIMMA
REGION CODE ADDRESS : 9 VIA GRANADA
01 CITY : ROLLING HILLS ESTATE
STATE/ZIP : CA 90274
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031670326 MORTGAGORS: TUCKER THOMAS
ROYSTER KIM
REGION CODE ADDRESS : 1945 MAVERICK LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 471,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,299.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.90400
----------------------------------------------------------------
0 0031670359 MORTGAGORS: MURAKAMI NEAL
NAKAGAWA GUY
REGION CODE ADDRESS : 1800 YOSEMITE ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 382,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.76200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,763,200.00
P & I AMT: 12,084.36
UPB AMT: 1,763,200.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031670417 MORTGAGORS: LEE ANDREW
REGION CODE ADDRESS : 1206 MARINERS DRIVE
01 CITY : NEW PORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.82300
----------------------------------------------------------------
0 0031670474 MORTGAGORS: FALK JOANNE
REGION CODE ADDRESS : 2753 NORTH BEACHWOOD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 388,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,111.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.15600
----------------------------------------------------------------
0 0031670508 MORTGAGORS: KORST LISA
REGION CODE ADDRESS : 5039 WHITSETT AVENUE
01 CITY : LOS ANGELES NORTH HOLLYWO
STATE/ZIP : CA 91607
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.75000
----------------------------------------------------------------
0 0031671514 MORTGAGORS: SCHMIDT MICHAEL
SCHMIDT JILL
REGION CODE ADDRESS : 7174 SOUTH NIAGARA CIRCLE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80112
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.43400
----------------------------------------------------------------
0 0031673361 MORTGAGORS: PERON ANDRE
PERON LOUISE
REGION CODE ADDRESS : 27261 LOST COLT DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,730,400.00
P & I AMT: 11,986.79
UPB AMT: 1,729,871.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673379 MORTGAGORS: WAMBAUGH JOHN
WAMBAUGH DEBRA
REGION CODE ADDRESS : 11910 CLEAR CREEK ROAD
01 CITY : BROOKDALE
STATE/ZIP : CA 95007
MORTGAGE AMOUNT : 489,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,503.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.31600
----------------------------------------------------------------
0 0031673502 MORTGAGORS: BISHOP MICHAEL
BISHOP MICHELE
REGION CODE ADDRESS : 412 COUNTRYSIDE CIRCLE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031673692 MORTGAGORS: KORDAHI ELIAS
KORDAHI MARY
REGION CODE ADDRESS : 4807 MARICOPA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,751.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 82.85700
----------------------------------------------------------------
0 0031673734 MORTGAGORS: TORREY DONALD
HILL JODIE
REGION CODE ADDRESS : 9063 TARMAC WAY
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.85700
----------------------------------------------------------------
0 0031673775 MORTGAGORS: MIKASA CLIFFORD
MIKASA ELLEN
REGION CODE ADDRESS : 2254 SANTA FE AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,680,100.00
P & I AMT: 11,601.60
UPB AMT: 1,679,851.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673825 MORTGAGORS: JOHNSON LANE
JOHNSON JILL
REGION CODE ADDRESS : 911 MIDPINE WAY
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031673908 MORTGAGORS: MAR WELLINGTON
MAR CV
REGION CODE ADDRESS : 969 HENDERSON AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,745.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031674252 MORTGAGORS: EHLE RICHARD
EHLE YVONNE
REGION CODE ADDRESS : 52 TUYSHTAK COURT
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.18900
----------------------------------------------------------------
0 0031674328 MORTGAGORS: ORNDORFF GRAHAM
REGION CODE ADDRESS : 208 VALENCIA AVENUE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031674369 MORTGAGORS: APPLEGARTH ALEXANDER
APPLEGARTH KATHERINE
REGION CODE ADDRESS : 72 MARS STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
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 : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.80900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,600.00
P & I AMT: 10,816.52
UPB AMT: 1,531,345.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031674401 MORTGAGORS: BANNA IMAD
BANNA OLA
REGION CODE ADDRESS : 10 NARBONNE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031674450 MORTGAGORS: GIRAGOS WILLIAM
REGION CODE ADDRESS : 2894 EVESHAM AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.67300
----------------------------------------------------------------
0 0031674476 MORTGAGORS: BATA AMER
BATA MARAM
REGION CODE ADDRESS : 2441 AVENIDA OTONO
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
0 0031674542 MORTGAGORS: SCOTT DANIEL
REGION CODE ADDRESS : 221 SOUTH FOREST STREET
01 CITY : DENVER
STATE/ZIP : CO 80246
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.94200
----------------------------------------------------------------
0 0031675283 MORTGAGORS: SHANNON PAIGE
SHANNON KEITH
REGION CODE ADDRESS : 31 DARTMOUTH LANE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.78900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,000.00
P & I AMT: 9,224.06
UPB AMT: 1,326,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031675291 MORTGAGORS: MC VEIGH CAROLE
MC VEIGH SCOTT
REGION CODE ADDRESS : 10460 CHEVIOT DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,408.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031675309 MORTGAGORS: HISSONG JAMES
FORMAN BETH
REGION CODE ADDRESS : 7957 CALLE COZUMEL
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.01400
----------------------------------------------------------------
0 0031675317 MORTGAGORS: LEFFERMAN ELIAS
O'LEARY LEFFERMAN KATHLEEN
REGION CODE ADDRESS : 7917 VICKSBURG AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 241,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031675358 MORTGAGORS: BAILEY JACKIE
BAILEY CHRISTOPHER
REGION CODE ADDRESS : 6235 ASPINWALL ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 251,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.80000
----------------------------------------------------------------
0 0031675457 MORTGAGORS: KING PETER
KING MARY
REGION CODE ADDRESS : 6473 WYNKOOP STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.83800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,700.00
P & I AMT: 10,346.42
UPB AMT: 1,485,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031675499 MORTGAGORS: MURPHY ANDREW
MURPHY MARTHA
REGION CODE ADDRESS : 1 CALLE GAZAPO
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031675523 MORTGAGORS: WONG LAWRENCE
WONG CHRISTINE
REGION CODE ADDRESS : 328 MAGELLAN DRIVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031675705 MORTGAGORS: BRYANT JOHN
BRYANT CINDY
REGION CODE ADDRESS : 11232 WEMBLEY ROAD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.08800
----------------------------------------------------------------
0 0031675820 MORTGAGORS: SCHMIDT RICHARD
SCHMIDT PATRICIA
REGION CODE ADDRESS : 12 PALMATUM
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 321,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.84000
----------------------------------------------------------------
0 0031675903 MORTGAGORS: LAKRITZ MICHAEL
LAKRITZ LISA
REGION CODE ADDRESS : 5917 EAST BLUEBONNET COURT
01 CITY : ORANGE
STATE/ZIP : CA 92869
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 : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,400.00
P & I AMT: 9,993.92
UPB AMT: 1,442,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031675945 MORTGAGORS: COFFEE P.
COFFEE MARILYN
REGION CODE ADDRESS : 1904 DOUGLAS DRIVE
01 CITY : ARNOLD
STATE/ZIP : CA 95223
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.38900
----------------------------------------------------------------
0 0031675952 MORTGAGORS: ARJANG SHAHROKH
AFSHANI MINOO
REGION CODE ADDRESS : 534 SOUTH LAURELTREE DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031675986 MORTGAGORS: DODSON GLEN
DODSON CYNTHIA
REGION CODE ADDRESS : 21275 TWIN OAK
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,914.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676026 MORTGAGORS: MERCHANT TERRI
MERCHANT CHRISTOPHER
REGION CODE ADDRESS : 6762 RED COACH DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 317,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.30000
----------------------------------------------------------------
0 0031676042 MORTGAGORS: GREAVES JOHN
GREAVES JERRI
REGION CODE ADDRESS : 3664 MAY STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.63700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,000.00
P & I AMT: 10,529.06
UPB AMT: 1,508,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676141 MORTGAGORS: GOENA CHRISTOPHER
BURY DIANE
REGION CODE ADDRESS : 28 WEST RIANDA ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676166 MORTGAGORS: MAYO GAIL
KAPLAN SHERWIN
REGION CODE ADDRESS : 1200 CAPITOLA ROAD #11
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 112,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 779.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676208 MORTGAGORS: KOPEL DAVID
KOPEL HANA
REGION CODE ADDRESS : 6066 LAKE LINDERO DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.82500
----------------------------------------------------------------
0 0031676216 MORTGAGORS: SOROKO MARK
SOROKO BELLA
REGION CODE ADDRESS : 30040 SAN FRANCISQUITO CANYON ROAD
01 CITY : SAUGUS
STATE/ZIP : CA 92150
MORTGAGE AMOUNT : 377,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.48200
----------------------------------------------------------------
0 0031676224 MORTGAGORS: SERNIAK GEORGE
REGION CODE ADDRESS : 23282 PALAWAN CIRCLE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 437,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,060.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.95000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,800.00
P & I AMT: 10,875.30
UPB AMT: 1,562,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676315 MORTGAGORS: WAKUTA DARYL
WAKUTA ALISON
REGION CODE ADDRESS : 21326 MILDRED AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,538.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.97600
----------------------------------------------------------------
0 0031676687 MORTGAGORS: TRADEWELL RICHARD
TRADEWELL MARILYN
REGION CODE ADDRESS : 418 MAGNOLIA STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,609.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,166.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676786 MORTGAGORS: BATISTA VINCENT
BATISTA ELISABETH
REGION CODE ADDRESS : 821 CANYON ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,722.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.52900
----------------------------------------------------------------
0 0031676810 MORTGAGORS: DUTCH DANIEL
VENEMAN NANCY
REGION CODE ADDRESS : 320 SOUTH OLD BRIDGE ROAD
01 CITY : ANAHEIHM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,365.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.40000
----------------------------------------------------------------
0 0031676851 MORTGAGORS: LEFF ROBERT
LEFF VIRGINIA
REGION CODE ADDRESS : 4635 BALBOA AVENUE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,937.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,900,250.00
P & I AMT: 12,819.18
UPB AMT: 1,898,174.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676885 MORTGAGORS: GROSS LOUIS
GROSS JUDITH
REGION CODE ADDRESS : 7100 ARRAN PLACE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 472,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,703.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,103.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031676901 MORTGAGORS: MILDNER JOHN
REGION CODE ADDRESS : 1863 CHEROKEE ROSE CIRCLE
01 CITY : MT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,346.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.65900
----------------------------------------------------------------
0 0031676935 MORTGAGORS: DIRVIANSKIS JONATHAN
DIRVIANSKIS PHYLLIS
REGION CODE ADDRESS : 595 GLASGOW CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 320,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,454.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.86300
----------------------------------------------------------------
0 0031676943 MORTGAGORS: COLEMAN MICHAEL
COLEMAN AGNES
REGION CODE ADDRESS : 115 BROOKDALE STREET
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,578.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031676950 MORTGAGORS: GROGAN CHRISTOPHER
REGION CODE ADDRESS : 128 SUFFOLK ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 517,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,188.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,399.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,818,600.00
P & I AMT: 11,946.93
UPB AMT: 1,812,271.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676968 MORTGAGORS: FORCIER STEVEN
REGION CODE ADDRESS : 7841 WASHBURN ROAD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,761.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031677172 MORTGAGORS: LUECK THERESA
HOGAN TIMOTHY
REGION CODE ADDRESS : 1054 SAN ANTONIO CREEK ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,660.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,967.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.47900
----------------------------------------------------------------
0 0031677230 MORTGAGORS: OWENS JUDY
REGION CODE ADDRESS : 730 DALEHURST AVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
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 : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031677248 MORTGAGORS: YOUNG TERENCE
YOUNG KAREN
REGION CODE ADDRESS : 1400 SALMON CREEK ROAD
01 CITY : BODEGA
STATE/ZIP : CA 94922
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 35.29400
----------------------------------------------------------------
0 0031677263 MORTGAGORS: TOMASSINI MASSIMO
TOMASSINI EARLYN
REGION CODE ADDRESS : 6831 AITKEN DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 389,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,600.00
P & I AMT: 11,815.38
UPB AMT: 1,758,022.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031677289 MORTGAGORS: SHAH RAHUL
REGION CODE ADDRESS : 2 LEXINGTON
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031677354 MORTGAGORS: TRANG TAI
LUONG LIEN
REGION CODE ADDRESS : 6371 ROYAL GROVE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 364,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.50700
----------------------------------------------------------------
0 0031677396 MORTGAGORS: HAMILTON EDWIN
HAMILTON KAREN
REGION CODE ADDRESS : 3099 LAS MESITAS DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
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 : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.46300
----------------------------------------------------------------
0 0031678097 MORTGAGORS: LUO WENDY
LUO KAREN
REGION CODE ADDRESS : 220 LADERA STREET
01 CITY : MONTEREY PARK
STATE/ZIP : CA 91754
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.56700
----------------------------------------------------------------
0 0031678147 MORTGAGORS: LEVIN THOMAS
LEVIN CARA
REGION CODE ADDRESS : 6074 SUNNYCREST DRIVE
01 CITY : AGOUROA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,700.00
P & I AMT: 10,948.12
UPB AMT: 1,580,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031678428 MORTGAGORS: BLANCHETTE JARONE
BLANCHETTE MARY
REGION CODE ADDRESS : 8937 SUMMERHILL POINT
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031678923 MORTGAGORS: OTREMBA RONALD
OTREMBA DIANE
REGION CODE ADDRESS : 1852 RED FOX ROAD
01 CITY : EAGAN
STATE/ZIP : MN 55122
MORTGAGE AMOUNT : 298,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,683.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.80400
----------------------------------------------------------------
0 0031678972 MORTGAGORS: EL-DAKHAKHNI MOHAMED
REGION CODE ADDRESS : 47-326 MAWAENA STREET
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,710.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,530.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031678998 MORTGAGORS: EFIRD ROBERT
EFIRD EMILY
REGION CODE ADDRESS : 11815 N. SUNDOWN DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.65000
----------------------------------------------------------------
0 0031679012 MORTGAGORS: KURAMOTO RANDAL
CHAN JASMINE
REGION CODE ADDRESS : 1634 SAINT FRANCIS WAY
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,706.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,564.98 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: 1,541,150.00
P & I AMT: 10,540.14
UPB AMT: 1,539,912.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031679103 MORTGAGORS: BLACKINGTON BLANCHE
BREITENBAUCH CHARLES
REGION CODE ADDRESS : 3639 MT. ARIANE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92111
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,232.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031679301 MORTGAGORS: PAVLETIC THOMAS
RAMOS NERISSA
REGION CODE ADDRESS : 3 DOW COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 275,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,745.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97994
----------------------------------------------------------------
0 0031679343 MORTGAGORS: DOWNS TIMOTHY
DOWNS CATHERINE
REGION CODE ADDRESS : 415 DEER RUN ROAD
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031679442 MORTGAGORS: CATO ANTHONY
SEARS-CATO KAREN
REGION CODE ADDRESS : 6175 PARK CREST DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 269,921.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,921.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031680697 MORTGAGORS: CUTAIA DOMENIC
CUTAIA JODY
REGION CODE ADDRESS : 30751 OXFORD WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 263,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,758.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,221.00
P & I AMT: 9,596.06
UPB AMT: 1,370,657.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031681000 MORTGAGORS: OSOFSKY RAYMOND
OSOFSKY JILL
REGION CODE ADDRESS : 1977 LEIGH ANN PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,687.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.61500
----------------------------------------------------------------
0 0031681034 MORTGAGORS: JAKOBSEN BO
JAKOBSEN ANGELETTE
REGION CODE ADDRESS : 30246 VIA VICTORIA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031681067 MORTGAGORS: HEARN JEFFREY
HEARN DOREEN
REGION CODE ADDRESS : 21626 REDBEAM AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031681083 MORTGAGORS: ALLEN RONALD
CAMMAROTA ALLEN FRANCES
REGION CODE ADDRESS : 2770 CASA GRANDE COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.38500
----------------------------------------------------------------
0 0031681455 MORTGAGORS: DOSHI SAMIR
DOSHI SHEFALI
REGION CODE ADDRESS : 37 WHISPERING PINE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.96 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,450.00
P & I AMT: 10,636.21
UPB AMT: 1,544,274.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031682347 MORTGAGORS: EBERLE PAUL
EBERLE NICOLETTE
REGION CODE ADDRESS : 22006 CANON DRIVE
01 CITY : TOPANGA
STATE/ZIP : CA 90290
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.05400
----------------------------------------------------------------
0 0031682354 MORTGAGORS: CASE SUE ELLEN
FOSTER SUSAN
REGION CODE ADDRESS : 8054 TERRACE DR
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,151.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031682396 MORTGAGORS: COPPA CHRISTOPHER
COPPA CATHY
REGION CODE ADDRESS : 3212 DIANORA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070011242 MORTGAGORS: MCLAUGHLIN MICHAEL
MCLAUGHLIN UNA
REGION CODE ADDRESS : 22 EAST 24TH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 332,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,350.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.42000
----------------------------------------------------------------
0 0070032362 MORTGAGORS: HAHN BILLY
HAHN LINDA
REGION CODE ADDRESS : 8309 POTTERS ROAD
01 CITY : WEDDINGTON
STATE/ZIP : NC 28173
MORTGAGE AMOUNT : 126,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,018.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 66.55263
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,950.00
P & I AMT: 11,509.11
UPB AMT: 1,632,412.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070033683 MORTGAGORS: ROSEN MICHAEL
ROSEN NANCY
REGION CODE ADDRESS : 20 PEACH DRIVE
01 CITY : EAST HILLS
STATE/ZIP : NY 11576
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,634.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,440.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070045117 MORTGAGORS: PARK CHANG
PARK SALLY
REGION CODE ADDRESS : 13756 SAN GABRIEL CIRCLE
01 CITY : FONTANA
STATE/ZIP : CA 92336
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 884.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070054630 MORTGAGORS: MERAZ RICHARD
REGION CODE ADDRESS : 1070 EAST LEADORA AVENUE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.82353
----------------------------------------------------------------
0 0070056635 MORTGAGORS: MENDEL GREGORY
MENDEL NANCY
REGION CODE ADDRESS : 354 HARTSHORN DRIVE
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 366,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,266.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,466.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.15798
----------------------------------------------------------------
0 0070061999 MORTGAGORS: GAINES ROBERT
GAINES SANDRA
REGION CODE ADDRESS : 1032 WEST 55TH STREET
01 CITY : KANSAS CITY
STATE/ZIP : MO 64113
MORTGAGE AMOUNT : 532,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 532,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,630.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 44.35417
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,786,400.00
P & I AMT: 12,250.13
UPB AMT: 1,785,151.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070062237 MORTGAGORS: GROTH JOHN
GROTH COLLEEN
REGION CODE ADDRESS : 4264 COUNTY ROAD 117
01 CITY : GLENWOOD SP
STATE/ZIP : CO 81601
MORTGAGE AMOUNT : 259,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.26829
----------------------------------------------------------------
0 0070064795 MORTGAGORS: RUTLEDGE RICHARD
RUTLEDGE BRENDA
REGION CODE ADDRESS : 8852 TAMARISK CIRCLE
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,499.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.68085
----------------------------------------------------------------
0 0070066352 MORTGAGORS: KOPTI DANIEL
ENTESSAR KATAYOON
REGION CODE ADDRESS : 4560 RIVER BOTTOM DRIVE
01 CITY : NORCROSS
STATE/ZIP : GA 30092
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.46667
----------------------------------------------------------------
0 0070066402 MORTGAGORS: ROWSELL ARTHUR
ROWSELL SANDRA
REGION CODE ADDRESS : 3398 ROCKING HORSE CIRCLE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 234,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,581.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 26.82286
----------------------------------------------------------------
0 0070067384 MORTGAGORS: ROSENSTEIN DANIEL
SHOR MELISSA
REGION CODE ADDRESS : 17804 CRICKET HILL DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 270,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.61765
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,240,300.00
P & I AMT: 8,378.08
UPB AMT: 1,240,097.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070081328 MORTGAGORS: DOLTON ROBERT
DOLTON BARBARA
REGION CODE ADDRESS : 4410 NORTH LAKE BOULEVARD
01 CITY : CARNELIAN B
STATE/ZIP : CA 96140
MORTGAGE AMOUNT : 343,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 13.46275
----------------------------------------------------------------
0 0070081351 MORTGAGORS: HUSTED WILLIAM
DE CAMPS JEANNE
REGION CODE ADDRESS : 6207 SOUTH VIRGINIA DARE
01 CITY : NAGS HEAD
STATE/ZIP : NC 27959
MORTGAGE AMOUNT : 345,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,093.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.61475
----------------------------------------------------------------
0 0070081427 MORTGAGORS: HUSTED WILLIAM
DE CAMPS JEANNE
REGION CODE ADDRESS : 4131 SOUTH VIRGINIA DARE T
01 CITY : NAGS HEAD
STATE/ZIP : NC 27959
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070082862 MORTGAGORS: SWATHWOOD DANIEL
SWATHWOOD SUSAN
REGION CODE ADDRESS : 570 WEST WILLOW COURT
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.66667
----------------------------------------------------------------
0 0070084561 MORTGAGORS: RUSSELL DAVID
RUSSELL GLENYCE
REGION CODE ADDRESS : 12570 PATHOS LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.97110
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,150.00
P & I AMT: 10,835.26
UPB AMT: 1,575,644.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070085808 MORTGAGORS: RICHARDSON ROGER
RICHARDSON BURNETTA
REGION CODE ADDRESS : 14900 JENKINS RIDGE ROAD
01 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.64407
----------------------------------------------------------------
0 0070086301 MORTGAGORS: HAMILTON WENDY
REGION CODE ADDRESS : 7 MAGNOLIA DRIVE
01 CITY : RYE BROOK
STATE/ZIP : NY 10573
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 46.55172
----------------------------------------------------------------
0 0070103734 MORTGAGORS: BRUSCHI FRANK
BRUSCHI RITA
REGION CODE ADDRESS : 23 CATHLEEN DRIVE
01 CITY : RICHBORO
STATE/ZIP : PA 18954
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070104062 MORTGAGORS: LOUGHMAN ROBERT
LOUGHMAN SUSAN
REGION CODE ADDRESS : 5106 DUVALL DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20816
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.46512
----------------------------------------------------------------
0 0070108188 MORTGAGORS: HOOVER ROBERT
HOOVER SUSAN
REGION CODE ADDRESS : 66 VAN RIPPER LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.59259
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,500.00
P & I AMT: 10,047.38
UPB AMT: 1,464,284.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070109541 MORTGAGORS: KOPPE ROBERT
SAVAGE CAROLYN
REGION CODE ADDRESS : 2806 CAMERON ROAD
01 CITY : FALLS CHURC
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 233,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.63780
----------------------------------------------------------------
0 0070111984 MORTGAGORS: MACKLIN JOHN
MACKLIN EFFIE
REGION CODE ADDRESS : 2203 SOLMAR DRIVE
01 CITY : SILVER SPRI
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.00000
----------------------------------------------------------------
0 0070112701 MORTGAGORS: WITHEM BRIAN
WITHEM ARLENE
REGION CODE ADDRESS : 13130 AVENIDA GRANADA
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 324,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,266.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.39535
----------------------------------------------------------------
0 0070113139 MORTGAGORS: UHER GARY
CENTER SUSAN
REGION CODE ADDRESS : 15 GRAY ROCK DRIVE
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 83.40000
----------------------------------------------------------------
0 0070113402 MORTGAGORS: CORCORAN JON
CORCORAN KATHLEEN
REGION CODE ADDRESS : 16790 HIGHLAND VALLEY ROAD
01 CITY : RAMONA
STATE/ZIP : CA 92065
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,900.00
P & I AMT: 10,234.09
UPB AMT: 1,467,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070116850 MORTGAGORS: COLANTONI RINALDO
GREENE GABRIELLA
REGION CODE ADDRESS : 4535 BEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0070119987 MORTGAGORS: YOUNG HARRY
OSBORNE YOUN NANCY
REGION CODE ADDRESS : 1569 SHADOWGLEN COURT
01 CITY : WESTLAKE VI
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,696.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.42667
----------------------------------------------------------------
0 0070122601 MORTGAGORS: SCHMATZ EVA
REGION CODE ADDRESS : 1331 CERRO GORDO ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070122999 MORTGAGORS: KEES THOMAS
KEES DEBORAH
REGION CODE ADDRESS : 304 CANYON FALLS DRIVE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,520.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.02247
----------------------------------------------------------------
0 0070129028 MORTGAGORS: MILLER MICHAEL
CLYBURN MILL ARLENE
REGION CODE ADDRESS : 15508 CLAYBURN DRIVE
01 CITY : LAUREL
STATE/ZIP : MD 20707
MORTGAGE AMOUNT : 248,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,961.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.62500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,250.00
P & I AMT: 10,893.03
UPB AMT: 1,572,658.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070133152 MORTGAGORS: MORRIS JONES DONALD
MORRIS JONES DANA
REGION CODE ADDRESS : 279 FAIRTREE PLAZA
01 CITY : SEVERNA PAR
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.66667
----------------------------------------------------------------
0 0070134556 MORTGAGORS: PINKETT MARTIN
PINKETT SHELLY
REGION CODE ADDRESS : 8103 CEDARGATE PLACE
01 CITY : GLENN DALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.67925
----------------------------------------------------------------
0 0070142732 MORTGAGORS: WILSON HUGUETTE
REGION CODE ADDRESS : 4809A 4809B RIVER AVE
01 CITY : NEWPORT BCH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 326,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.32727
----------------------------------------------------------------
0 0070144050 MORTGAGORS: LALONDE CHARLES
COMEAU MONA
REGION CODE ADDRESS : 730 PALOMAR LANE
01 CITY : COLORADO SP
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.61843
----------------------------------------------------------------
0 0070148838 MORTGAGORS: CALUWAERTS DANIELLE
REED BRETT
REGION CODE ADDRESS : 1375 JOURNEYS END DRIVE
01 CITY : LA CANADA F
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 387,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.06863
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,050.00
P & I AMT: 10,481.62
UPB AMT: 1,464,050.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070156195 MORTGAGORS: RUSSELL DAVID
RUSSELL LESLEE
REGION CODE ADDRESS : 2669 REGENT ROAD
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.17391
----------------------------------------------------------------
0 0070159710 MORTGAGORS: PARRELLA BARNEY
PARRELLA CHERYL
REGION CODE ADDRESS : 2919 SOUTH COURT
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 398,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.90526
----------------------------------------------------------------
0 0070163357 MORTGAGORS: SMITH SANDRA
REGION CODE ADDRESS : 10110 EAST DOUBLETREE RANC
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 240,890.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,890.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.98033
----------------------------------------------------------------
0 0070164215 MORTGAGORS: PANELLI VINCENT
PANELLI SUSAN
REGION CODE ADDRESS : 1 BUCCANEER LANE
01 CITY : REDWOOD CIT
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.50000
----------------------------------------------------------------
0 0070164264 MORTGAGORS: BENNYWORTH NADYA
BENNYWORTH WILLIAM
REGION CODE ADDRESS : 21522 KANEOHE LANE
01 CITY : HUNTINGTON
STATE/ZIP : CA 92646
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,540.00
P & I AMT: 9,763.51
UPB AMT: 1,407,540.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070166012 MORTGAGORS: DAO TUYE
TRAN DAVID
REGION CODE ADDRESS : 2229 AVENIDA OLIVA
01 CITY : SAN CLEMENT
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 265,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.84286
----------------------------------------------------------------
0 0070167077 MORTGAGORS: BEALL LAWRENCE
BEALL RICKIE
REGION CODE ADDRESS : 10002 FOUNDERS WAY
01 CITY : DAMASCUS
STATE/ZIP : MD 20872
MORTGAGE AMOUNT : 266,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.50794
----------------------------------------------------------------
0 0070167804 MORTGAGORS: DAVIDSON WILLIAM
DAVIDSON MARILYN
REGION CODE ADDRESS : 1030 DALTON SPRINGS LANE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.41176
----------------------------------------------------------------
0 0070170196 MORTGAGORS: KELLEGREW KENT
KELLEGREW DIANE
REGION CODE ADDRESS : 418 HILLSBOROUGH STREET
01 CITY : THOUSAND OA
STATE/ZIP : CA 91361
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.31579
----------------------------------------------------------------
0 0070171111 MORTGAGORS: RICHARDS JAMES
AMES FRANCES
REGION CODE ADDRESS : 1904 WEST GORDON AVENUE
01 CITY : LAYTON
STATE/ZIP : UT 84041
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,369.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,421,050.00
P & I AMT: 9,882.14
UPB AMT: 1,421,050.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070171145 MORTGAGORS: FELDMAN JEFFREY
FELDMAN DENISE
REGION CODE ADDRESS : 5 MORGAN COURT
01 CITY : MONTVALE
STATE/ZIP : NJ 07645
MORTGAGE AMOUNT : 378,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,511.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,616.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.45614
----------------------------------------------------------------
0 0070171319 MORTGAGORS: PAGE LEE
REGION CODE ADDRESS : 68 THOMAS STREET
01 CITY : NEW YORK
STATE/ZIP : NY 10013
MORTGAGE AMOUNT : 338,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.88660
----------------------------------------------------------------
0 0070171939 MORTGAGORS: DRAA TYLER
DRAA LINDA
REGION CODE ADDRESS : 17775 VISTA AVENUE
01 CITY : MONTE SEREN
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,971.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.19355
----------------------------------------------------------------
0 0070174578 MORTGAGORS: COFFIN JOHN
COFFIN LYNNE
REGION CODE ADDRESS : 146 BRANBURY DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070177480 MORTGAGORS: RICHTER RONALD
MILANE LYNNE
REGION CODE ADDRESS : 11515 ISABELLE RD
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.03226
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,852,750.00
P & I AMT: 12,796.48
UPB AMT: 1,852,461.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070178397 MORTGAGORS: JONES GEORGE
JONES CYNTHIA
REGION CODE ADDRESS : 2571 BABCOCK ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.03084
----------------------------------------------------------------
0 0070182431 MORTGAGORS: WIN TIN
WIN KHIN
REGION CODE ADDRESS : 1389 S LEMON AVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.97654
----------------------------------------------------------------
0 0070183512 MORTGAGORS: MARTINI SPIRO
MARTINI SUSAN
REGION CODE ADDRESS : 18 PARKER COURT
01 CITY : MORGAN
STATE/ZIP : NJ 08879
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0070186598 MORTGAGORS: COUFAL MICHAEL
COUFAL NANCY
REGION CODE ADDRESS : 3470 WELD COUNTY ROAD
01 CITY : ERIE
STATE/ZIP : CO 80516
MORTGAGE AMOUNT : 137,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,072.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 47.24138
----------------------------------------------------------------
0 0070187463 MORTGAGORS: BERRY RALPH
BERRY SUZETTE
REGION CODE ADDRESS : 5126 CORTE PLAYA SAN JUAN
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 79.70175
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,177,150.00
P & I AMT: 8,262.82
UPB AMT: 1,176,946.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070188875 MORTGAGORS: WERTZ KERRY
WERTZ MARGARET
REGION CODE ADDRESS : 4609 VALLEY FORGE DR
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
MORTGAGE AMOUNT : 231,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.08797
----------------------------------------------------------------
0 0070189246 MORTGAGORS: LINDHEIM JERRY
LINDHEIM CAROLYN
REGION CODE ADDRESS : 729 SUSSEX ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.08207
----------------------------------------------------------------
0 0070194881 MORTGAGORS: PARK CRAIG
PARK KIMIKO
REGION CODE ADDRESS : 4603 MACAFEE ROAD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.22581
----------------------------------------------------------------
0 0070195276 MORTGAGORS: BANKS MICHAEL
STERN BANKS LONES
REGION CODE ADDRESS : 5386 CONESTOGA WAY
01 CITY : RICHMOND
STATE/ZIP : CA 94803
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070196043 MORTGAGORS: LATIFI AMIR
LATIFI KATHY
REGION CODE ADDRESS : 20111 CAVERN COURT
01 CITY : SAUGUS
STATE/ZIP : CA 91350
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 91.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,246,400.00
P & I AMT: 8,921.87
UPB AMT: 1,246,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070200852 MORTGAGORS: STAPLETON THOMAS
STAPLETON MARTHA
REGION CODE ADDRESS : 2225 WANDERER DRIVE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.98765
----------------------------------------------------------------
0 0070205273 MORTGAGORS: BETTJER FRITZ
SALL JENI
REGION CODE ADDRESS : 2005 ROCKY RIDGE ROAD
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 357,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.95918
----------------------------------------------------------------
0 0070212972 MORTGAGORS: BIANCHI DARREN
WOLF DIANA
REGION CODE ADDRESS : 4810-4812 17TH STREET
01 CITY : San Francisco
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 461,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.85000
----------------------------------------------------------------
0 0070215207 MORTGAGORS: TODD MICHAEL
TODD SHARON
REGION CODE ADDRESS : 251 TIERRA DEL SOL
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.06494
----------------------------------------------------------------
0 0070215843 MORTGAGORS: DEMARCHI ERNEST
DEMARCHI SHARON
REGION CODE ADDRESS : 8227 EAST HILLSDALE DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 382,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.66160
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,736,700.00
P & I AMT: 11,662.19
UPB AMT: 1,736,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070220678 MORTGAGORS: GODLEWSKI WAYNE
GODLEWSKI CAROLYN
REGION CODE ADDRESS : 6446 WYNKOOP STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.63953
----------------------------------------------------------------
0 0070221627 MORTGAGORS: MATYCZYNSKI ANDREZJ
MATYCZYNSKI JUDITH
REGION CODE ADDRESS : 8031 EAST SAN LUIS DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 272,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.48780
----------------------------------------------------------------
0 0070221957 MORTGAGORS: SIMPSON JOSEPH
SIMPSON MARITZA
REGION CODE ADDRESS : C/O MARITZA SIMPSON
01 CITY : RANCHO PALO
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.54386
----------------------------------------------------------------
0 0070222062 MORTGAGORS: COPLEN RICHARD
COPLEN RHONDA
REGION CODE ADDRESS : 2112 TUSCANY CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 459,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,131.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.86598
----------------------------------------------------------------
0 0070222724 MORTGAGORS: MEISTER ROBERT
MEISTER SHAWN
REGION CODE ADDRESS : 2341 NABAL STREET
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.60733
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,350.00
P & I AMT: 10,901.80
UPB AMT: 1,591,350.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070230735 MORTGAGORS: STANFORD PETER
STANFORD MARJORIE
REGION CODE ADDRESS : 17401 DELLHAVEN CT.
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 311,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070233077 MORTGAGORS: TETZLAFF SCOTT
TETZLAFF ELIZABETH
REGION CODE ADDRESS : 2493 TEQUESTRA STREET
01 CITY : Tustin
STATE/ZIP : CA 92680
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0070234927 MORTGAGORS: HOWELL RICHARD
HOWELL CINDY
REGION CODE ADDRESS : 15945 FOOTHILL AVENUE
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 : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0070240833 MORTGAGORS: LEVINSON GALINA
REGION CODE ADDRESS : 1423 1425 24TH AVENUE
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 330,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.06000
----------------------------------------------------------------
0 0070243050 MORTGAGORS: YOUNG ROBERT
YOUNG KIMBERLY
REGION CODE ADDRESS : 40 SUNSET COURT
01 CITY : Danville
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,620.00
P & I AMT: 10,813.61
UPB AMT: 1,577,620.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070244959 MORTGAGORS: MAROUFKHANI FARIBORZ
HADDADZADEH ZOHREH
REGION CODE ADDRESS : 1050 CHANTILLY ROAD
01 CITY : BEL AIR
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 548,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,831.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.88889
----------------------------------------------------------------
0 0070245253 MORTGAGORS: WILLIAMS GREGORY
REGION CODE ADDRESS : 33082 CHRISTINA DRIVE
01 CITY : Dana Point
STATE/ZIP : CA 92629
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070249230 MORTGAGORS: KLEYWEG JAMES
HARRINGTON LISA
REGION CODE ADDRESS : 2053 PLUM STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.84211
----------------------------------------------------------------
0 0070249537 MORTGAGORS: RAMEREZ MELESO
Ramerez RACHAEL
REGION CODE ADDRESS : 1516 PEPPERTREE DRIVE
01 CITY : La Habra Heights
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.78000
----------------------------------------------------------------
0 0070255633 MORTGAGORS: BOYLE MATTHEW
ARAGO-BOYLE CAROLINE
REGION CODE ADDRESS : 895 TAMARACK AVENUE
01 CITY : San Jose
STATE/ZIP : CA 95128
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.41000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,500.00
P & I AMT: 11,053.42
UPB AMT: 1,603,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070262688 MORTGAGORS: DERMAN HOWARD
DERMAN LORI
REGION CODE ADDRESS : 1 FAITH
01 CITY : Irvine
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 452,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,128.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.90000
----------------------------------------------------------------
0 0070262837 MORTGAGORS: FOOTE WILLIAM
FOOTE KATHLEEN
REGION CODE ADDRESS : 114 JUNEBERRY COURT
01 CITY : San Jose
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.73000
----------------------------------------------------------------
0 0070267125 MORTGAGORS: DE COUDRES RICHARD
DE COUDRES JUDITH
REGION CODE ADDRESS : 2951 EDGELEY PLACE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070267216 MORTGAGORS: RICKER KENNETH
REGION CODE ADDRESS : 5026 MERRIMAC COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 155,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,074.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.04762
----------------------------------------------------------------
0 0070268495 MORTGAGORS: FINICAL SCOTT
STRUNK SARAH
REGION CODE ADDRESS : 255 B AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 336,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.27907
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,500.00
P & I AMT: 10,567.10
UPB AMT: 1,512,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070269378 MORTGAGORS: MORLEY PETER
MORLEY MARY
REGION CODE ADDRESS : 6 SAROS
01 CITY : Irvine
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.97000
----------------------------------------------------------------
0 0070269675 MORTGAGORS: MELLIBOSKY CHRISTIAN
MELLIBOSKY MARIA
REGION CODE ADDRESS : 19573 PINEVALLEY AVE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 253,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.83152
----------------------------------------------------------------
0 0070272430 MORTGAGORS: CANFIELD GREGORY
CANFIELD LAURA
REGION CODE ADDRESS : 507 BURNS CIRCLE
01 CITY : San Ramon
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.86000
----------------------------------------------------------------
0 0070272950 MORTGAGORS: ALLISON MICHAEL
HAM CHERYL
REGION CODE ADDRESS : 4429 GUILFORD PLACE
01 CITY : Livermore
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.79000
----------------------------------------------------------------
0 0070273636 MORTGAGORS: BELIAKOFF DOUGLAS
BELIAKOFF ROSEMARY
REGION CODE ADDRESS : 319 E. 20TH STREET
01 CITY : Costa Mesa
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,714,300.00
P & I AMT: 11,748.54
UPB AMT: 1,714,300.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070274824 MORTGAGORS: GHOSHEH RAJAI
GHOSHEH RAYA
REGION CODE ADDRESS : 28422 VIA ALFONSE
01 CITY : Laguna Niguel
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.67000
----------------------------------------------------------------
0 0070276993 MORTGAGORS: LEWIS KEVIN
LEWIS CAROLINE
REGION CODE ADDRESS : 2778 CALLE DE LA LOMA
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,041.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.82000
----------------------------------------------------------------
0 0070280870 MORTGAGORS: SAFARIK JOHN
SAFARIK BARBARA
REGION CODE ADDRESS : 1716 GASCONY ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.80000
----------------------------------------------------------------
0 0070281316 MORTGAGORS: STILL TIMOTHY
STILL MICHELLE
REGION CODE ADDRESS : 6750 PASEO SAN LEON
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.26000
----------------------------------------------------------------
0 0070283940 MORTGAGORS: FRANCO MICHAEL
FRANCO SOPHIA
REGION CODE ADDRESS : 338 LA MARINA DRIVE
01 CITY : Santa Barbara
STATE/ZIP : CA 93109
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,621,400.00
P & I AMT: 11,239.14
UPB AMT: 1,621,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070284583 MORTGAGORS: DEASY WARREN
REGION CODE ADDRESS : 7793 SKYHILL DRIVE
01 CITY : Los Angeles
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.00000
----------------------------------------------------------------
0 0070286265 MORTGAGORS: COTE RICHARD
COTE ANNE
REGION CODE ADDRESS : 911 HILTS AVENUE
01 CITY : Los Angeles
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 591,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 591,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,183.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.51000
----------------------------------------------------------------
0 0070289111 MORTGAGORS: UTZ MICHAEL
UTZ DEBORAH
REGION CODE ADDRESS : 140 SHELTER COVE DRIVE
01 CITY : El Granada
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070291554 MORTGAGORS: MARGOLIS STEVEN
REGION CODE ADDRESS : 132 BECKYS PATH
01 CITY : BRIDGEHAMPTON
STATE/ZIP : NY 00000
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070294434 MORTGAGORS: RIVIN JAMES
RIVIN ANTONIA
REGION CODE ADDRESS : 62 BUCKSKIN ROAD
01 CITY : Bell Canyon
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.42000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,072,000.00
P & I AMT: 14,323.26
UPB AMT: 2,072,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG0004981230 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070303862 MORTGAGORS: VINCENT LAURENCE
REGION CODE ADDRESS : 250 EL CHICO LANE
01 CITY : Coronado
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.38000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 1
LOAN AMT: 258,000.00
P & I AMT: 1,781.94
UPB AMT: 258,000.00
0 TOTAL NUM OF LOANS: 1266
LOAN AMT: 401,050,775.03
P & I AMT: 2,775,397.20
UPB AMT: 400,661,895.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007610538 MORTGAGORS: HORGAN DANIEL
HORGAN LARA
REGION CODE ADDRESS : 4802 NEPTUNE AVENUE
00 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,916.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,652.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007616170 MORTGAGORS: VAN NORTWICK LISA
VAN NORTWICK GERALD
REGION CODE ADDRESS : 1030 AVENUE A
00 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 253,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,934.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/22
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.08389
----------------------------------------------------------------
0 0007666274 MORTGAGORS: SANCHEZ ARTHUR
SANCHEZ ELENA
REGION CODE ADDRESS : 507 DEL CORRO COURT
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,589.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666316 MORTGAGORS: LIPINSKI RICHARD
JACKSON DONNA
REGION CODE ADDRESS : 2814 LAMBERT DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,883.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 78.82700
----------------------------------------------------------------
0 0007666324 MORTGAGORS: DUDUM GEORGE
DUDUM ANTIONETTE
REGION CODE ADDRESS : 4 HEARTWOOD COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94912
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,609.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 69.01200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,750.00
P & I AMT: 10,186.78
UPB AMT: 1,454,933.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666332 MORTGAGORS: HENDRICKS CHARLES
HENDRICKS KEUPEE
REGION CODE ADDRESS : 20187 VIA SANTA TERESA
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,012.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
0 0007666340 MORTGAGORS: GO LINDA
KINSELLA KATHERINE
REGION CODE ADDRESS : 844 14TH STREET
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,756.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666464 MORTGAGORS: MEISENHEIMER MARK
MEISENHEIMER LORI
REGION CODE ADDRESS : 1323 ANTIGUA WAY
01 CITY : NEWPORT BEA
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,423.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0007666472 MORTGAGORS: ROCHE JOHN
ROCHE GRACE
REGION CODE ADDRESS : 4801 SURREY DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,103.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,689.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0007666506 MORTGAGORS: SAUNDERS JEFFREY
REGION CODE ADDRESS : 627 11TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,636.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,832,800.00
P & I AMT: 12,843.72
UPB AMT: 1,825,932.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666779 MORTGAGORS: FRIEDMAN MARK
FRIEDMAN GALE
REGION CODE ADDRESS : 2001 PORT PROVINCE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 393,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,205.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 74.99000
----------------------------------------------------------------
0 0007666787 MORTGAGORS: KENNA TIMOTHY
KENNA KATHLEEN
REGION CODE ADDRESS : 1519 RIENDO LANE LACANADA-FLINTRIDG
01 CITY : LOS ANGELES
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,292.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,131.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0007666795 MORTGAGORS: SINCLAIR PETER
SCHAUWECKER PAULA
REGION CODE ADDRESS : 28419 CAYUSE LANE
01 CITY : RANCHO PALO VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 478,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,584.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,328.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666803 MORTGAGORS: WITH-SEIDELIN ANNELISE
REGION CODE ADDRESS : 5121 SUISUN VALLEY DRIVE
01 CITY : SUISUN CITY
STATE/ZIP : CA 94585
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,788.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 74.52300
----------------------------------------------------------------
0 0007666829 MORTGAGORS: REEVES DOUGLAS
REEVES CARLA
REGION CODE ADDRESS : 1006 VIA LOS PADRES
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,511.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 47.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,035,100.00
P & I AMT: 14,166.17
UPB AMT: 2,027,383.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667926 MORTGAGORS: BEACHAM DAVID
BEACHAM DARLENE
REGION CODE ADDRESS : 3304 JARVIS AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,032.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,517.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670656 MORTGAGORS: CORDES LINUS
CORDES JANET
REGION CODE ADDRESS : 245 TOURMALINE AVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,224.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670664 MORTGAGORS: MARTIN BILLY
MARTIN MEGAN
REGION CODE ADDRESS : 1895 ZENATO PL
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 825,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 823,197.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,839.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 68.75000
----------------------------------------------------------------
0 0007670680 MORTGAGORS: HART JACK
REGION CODE ADDRESS : 5886 ARLENE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,738.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.76700
----------------------------------------------------------------
0 0007670706 MORTGAGORS: WURTZEL HARVEY
WURTZEL SUSAN
REGION CODE ADDRESS : 3165 GALLOWAY DR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,391.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.81100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,957,500.00
P & I AMT: 13,805.30
UPB AMT: 1,952,584.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670714 MORTGAGORS: FRANTZ WILLIAM
FRANTZ HAZEL
REGION CODE ADDRESS : 1694 PEMBROKE CT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,286.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 44.66600
----------------------------------------------------------------
0 0007670722 MORTGAGORS: LOCKHEIMER ROBERT
LOCKHEIMER KIMBERLY
REGION CODE ADDRESS : 1355 SPARROW RD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0007670748 MORTGAGORS: SABA LEOPOLDO
SABA INGRID
REGION CODE ADDRESS : 1751 CRESCENT KNOLLS GL
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 289,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,132.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.28900
----------------------------------------------------------------
0 0007670755 MORTGAGORS: CARROLL KEITH
CARROLL ALEXANDRA
REGION CODE ADDRESS : 3131 VIA CALIENTE DEL SOL
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,421.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007670763 MORTGAGORS: PONTARELLI MARK
PONTARELLI KIRSTEN
REGION CODE ADDRESS : 1703 CRESCENT KNOLLS GL
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 269,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,858.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,800.00
P & I AMT: 9,859.17
UPB AMT: 1,433,008.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670771 MORTGAGORS: FERREIRA MICHAEL
FERREIRA KELLY
REGION CODE ADDRESS : 2024 ACACIA DR
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 245,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,750.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0007671332 MORTGAGORS: ZIERING-KOFMAN AMY
KOFMAN GIL
REGION CODE ADDRESS : 11922 SALTAIR TER
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,564.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,316.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0007671357 MORTGAGORS: HEBER ROBERT
REGION CODE ADDRESS : 22222 ANTHONY DR.
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 302,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,761.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007671365 MORTGAGORS: ENGEL ROBERT
REGION CODE ADDRESS : 19950 JOHN DR
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,258.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0007675606 MORTGAGORS: WONG WAI
WONG SUSAN
REGION CODE ADDRESS : 2472-2474 CHESTNUT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,371.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.30100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,832,950.00
P & I AMT: 12,697.38
UPB AMT: 1,828,705.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675614 MORTGAGORS: BANN PETER
BANN EILEEN
REGION CODE ADDRESS : 644 BARCELONA DRIVE
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,535.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007675622 MORTGAGORS: HUNTER MARK
HUNTER YUDELIA
REGION CODE ADDRESS : 109 MEADOWBROOK DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,383.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007675648 MORTGAGORS: KIESSIG JOEL
KIESSIG REBECCA
REGION CODE ADDRESS : 4607 DICKENS DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 317,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,426.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 74.80000
----------------------------------------------------------------
0 0007675655 MORTGAGORS: COYLE JOHN
COYLE SUSAN
REGION CODE ADDRESS : 1104 PINEWOOD DRIVE
01 CITY : CAMBRIA
STATE/ZIP : CA 93428
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.89800
----------------------------------------------------------------
0 0007675663 MORTGAGORS: YAMIN KAMAL
YAMIN SOUDABEH
REGION CODE ADDRESS : 2748 ANGELO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,449.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 70.47600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,900.00
P & I AMT: 11,743.29
UPB AMT: 1,685,360.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675671 MORTGAGORS: GROSSMAN PHILLIP
GROSSMAN NESHE
REGION CODE ADDRESS : 366 NORTH CITRUS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,427.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.20000
----------------------------------------------------------------
0 0007675689 MORTGAGORS: ELDER ROBERT
ELDER ANNE
REGION CODE ADDRESS : 2448 GLENDOWER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,957.33 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 : 67.99100
----------------------------------------------------------------
0 0007675705 MORTGAGORS: CEDERCREUTZ MONS
CEDERCREUTZ PAMELA
REGION CODE ADDRESS : 110 MESA AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 612,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 611,517.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,126.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007675713 MORTGAGORS: SHUBERT JEFFREY
SHUBERT TSUYAKO
REGION CODE ADDRESS : 401 WOODLAND ROAD
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,422.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,795.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.30500
----------------------------------------------------------------
0 0007675721 MORTGAGORS: VAISMAN IOSIF
VAISMAN LUBA
REGION CODE ADDRESS : 5915 RIDGEMOOR DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,323,500.00
P & I AMT: 15,895.90
UPB AMT: 2,319,877.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675739 MORTGAGORS: MASCOVICH JOSEPH
MASCOVICH SARA
REGION CODE ADDRESS : 1657 WATERTROUGH ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,579.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.56500
----------------------------------------------------------------
0 0007675747 MORTGAGORS: HABCHI TOUFIC
WELLINGTON JO LOU
REGION CODE ADDRESS : 602 SINGING VISTA COURT
01 CITY : EL CAJON AREA
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,534.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.79600
----------------------------------------------------------------
0 0007675754 MORTGAGORS: OXANDABOURE NORMA
REGION CODE ADDRESS : 18990 VISTA DE MONTANAS
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,481.97 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 : 57.84600
----------------------------------------------------------------
0 0007675762 MORTGAGORS: SORNBORGER JON
SORNBORGER SUZETTE
REGION CODE ADDRESS : 1783 STONE CREEK DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,474.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007675770 MORTGAGORS: PEREZ JOSE
PEREZ IRAIDA
REGION CODE ADDRESS : 6706 MONTFORD DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.76400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,805,850.00
P & I AMT: 12,620.55
UPB AMT: 1,803,078.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675788 MORTGAGORS: LAI JOHN
LAI JESSIE
REGION CODE ADDRESS : 28391 SHERIDAN DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,571.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007675796 MORTGAGORS: HUNTER MARTIN
CHANT HOLLEY
REGION CODE ADDRESS : 2752 BELDEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007675804 MORTGAGORS: FIKSDAL CATO
REGION CODE ADDRESS : 165 SOUTH ANITA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,438.57 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 : 51.09400
----------------------------------------------------------------
0 0007675812 MORTGAGORS: SOBEL STEVEN
SOBEL KAREN
REGION CODE ADDRESS : 4036 PULIDO COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,517.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007675820 MORTGAGORS: MILLER LORENE
REGION CODE ADDRESS : 3508 ORINDA DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,615.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.22300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,000.00
P & I AMT: 10,587.87
UPB AMT: 1,531,654.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675846 MORTGAGORS: VENTURA FRED
VENTURA MARNE
REGION CODE ADDRESS : 2780 SEVADA LANE
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 648,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,604.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,702.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.95400
----------------------------------------------------------------
0 0007675853 MORTGAGORS: PORTNOFF JEFFREY
PORTNOFF MARIA
REGION CODE ADDRESS : 59 BYRON DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,039.75 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 0007675879 MORTGAGORS: KLEMENT GREGORY
KLEMENT VALERIE
REGION CODE ADDRESS : 5320 GYMKHANA COURT
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 350,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,390.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.97400
----------------------------------------------------------------
0 0007675887 MORTGAGORS: FLEMING JOSEPH
FLEMING THERESE
REGION CODE ADDRESS : 11717 CAMINITO VANTANA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,569.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007675895 MORTGAGORS: ROSENBERG DAVID
ROSENBERG DEBBIE
REGION CODE ADDRESS : 541 FARNHAM PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,445.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.62900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,941,900.00
P & I AMT: 13,688.08
UPB AMT: 1,939,050.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675903 MORTGAGORS: DUBNOFF MICHAEL
REGION CODE ADDRESS : 1933 SPRINGRIDGE COURT
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,545.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.28300
----------------------------------------------------------------
0 0007675911 MORTGAGORS: RYAN KEVIN
RYAN ANNE
REGION CODE ADDRESS : 1824 LAKE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,317.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.95238
----------------------------------------------------------------
0 0007675929 MORTGAGORS: ZAKHOUR-BACCIOCCO KARENA
BACCIOCCO JEFFREY
REGION CODE ADDRESS : 33 MONCADA WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 995,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 993,518.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,957.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 67.22900
----------------------------------------------------------------
0 0007675945 MORTGAGORS: NG CHI
FANG FANG
REGION CODE ADDRESS : 1226 TOWNSEND PARK CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,536.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 73.68400
----------------------------------------------------------------
0 0007675952 MORTGAGORS: LADAO ALFREDO
LADAO LORENZA
REGION CODE ADDRESS : 4131 SNOWBANK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,046.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.12 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: 2,372,750.00
P & I AMT: 16,811.55
UPB AMT: 2,368,964.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007675960 MORTGAGORS: ARANA JORGE
ARANA MAYELA
REGION CODE ADDRESS : 32249 DEVONSHIRE STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,658.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007675978 MORTGAGORS: BAIR EVA
CAVANNA PETER
REGION CODE ADDRESS : 2501 EAST OCEAN BOULEVARD
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,274.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,280.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.29000
----------------------------------------------------------------
0 0007675994 MORTGAGORS: PRESTON JOHN
PRESTON VIRGINIA
REGION CODE ADDRESS : 1101 WEST DONINGTON STREET
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,414.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.42800
----------------------------------------------------------------
0 0007676000 MORTGAGORS: CHUN YOUNG
CHUN SOO
REGION CODE ADDRESS : 3005 ANNITA DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,595.48 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 : 67.94800
----------------------------------------------------------------
0 0007676018 MORTGAGORS: SHETH AKSHAYA
SHETH ARCHANA
REGION CODE ADDRESS : 17125 MARIPOSA AVENUE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,000.00
P & I AMT: 11,004.96
UPB AMT: 1,582,443.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007676026 MORTGAGORS: POPOVICH MICHAEL
POPOVICH SONYA
REGION CODE ADDRESS : 4811 ABBEYVILLE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91365
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,610.82 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 0007676034 MORTGAGORS: POLLARD MARK
POLLARD LAURIE
REGION CODE ADDRESS : 32 PANORAMA
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,063.02 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 : 73.39600
----------------------------------------------------------------
0 0007676042 MORTGAGORS: MULLIGAN JEFFERY
MULLIGAN DEBORAH
REGION CODE ADDRESS : 681 BAYVIEW PLACE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,569.66 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 : 50.92500
----------------------------------------------------------------
0 0007676059 MORTGAGORS: LEE LEON
LEE JENNY
REGION CODE ADDRESS : 3165 BARRY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,529.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.12100
----------------------------------------------------------------
0 0007676067 MORTGAGORS: DEMMERT JAMES
REGION CODE ADDRESS : 15 HARBOR OAK #22
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,546.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,000.00
P & I AMT: 11,646.05
UPB AMT: 1,668,320.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007676083 MORTGAGORS: APPEL HOWARD
COLLINS LOREEN
REGION CODE ADDRESS : 1561 WEST VIA RANCHO PARKWAY
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007676091 MORTGAGORS: DRING KARL
DRING MARY
REGION CODE ADDRESS : 4335 ORCHARD AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,549.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0007676109 MORTGAGORS: IRELAND JOHN
REGION CODE ADDRESS : 6820 LUCIERNAGA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,840.96 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 : 68.57100
----------------------------------------------------------------
0 0007676117 MORTGAGORS: RIVIERE GEORGE
RIVIERE SUSAN
REGION CODE ADDRESS : 38980 WATERVIEW DRIVE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,291.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007676125 MORTGAGORS: KYLSTRA HARKE
CARPENTER BARBARA
REGION CODE ADDRESS : 333 SOUTH COAST BOULEVARD UNIT #15
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,654.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,126.86 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: 1,872,450.00
P & I AMT: 13,133.94
UPB AMT: 1,869,677.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030901169 MORTGAGORS: DICKSON ROBERT
DICKSON JANET
REGION CODE ADDRESS : 28058 NORTH LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,877.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030924559 MORTGAGORS: BROWN SCOTT
BROWN DEBBIE
REGION CODE ADDRESS : 10487 SALINAS RIVER CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,853.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016819 MORTGAGORS: PARKS JAY
HOGAN PARKS JUDITH
REGION CODE ADDRESS : 1518 47TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 345,321.20 OPTION TO CONVERT :
UNPAID BALANCE : 344,890.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 84.01900
----------------------------------------------------------------
0 0031075625 MORTGAGORS: BARR SCOTT
BARR DENISE
REGION CODE ADDRESS : 22616 CALIFA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,298.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 743.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 48.83721
----------------------------------------------------------------
0 0031124316 MORTGAGORS: JEFFREY PHILIP
JEFFREY MARISELA
REGION CODE ADDRESS : 1832 SANTA RENA DR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,476.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,143,021.20
P & I AMT: 8,310.14
UPB AMT: 1,136,396.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031126576 MORTGAGORS: HOLDEFER BARRY
REGION CODE ADDRESS : 3407 227TH PLACE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,378.97 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 : 74.19300
----------------------------------------------------------------
0 0031131584 MORTGAGORS: MITCHELL JOHN
MITCHELL VEENA
REGION CODE ADDRESS : 1893 FALCON RIDGE DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 271,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,676.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0031142557 MORTGAGORS: LARSEN HAROLD
LARSON JEANETTE
REGION CODE ADDRESS : 778, 780 & 780-3 NORTH HOLLISTON AV
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,656.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,491.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031209158 MORTGAGORS: SHUTE APARNA
SHUTE SCOTT
REGION CODE ADDRESS : 4499 LAHAINA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,100.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.28500
----------------------------------------------------------------
0 0031308273 MORTGAGORS: FRIEDRICH MATTHEW
TOURTLOTTE CHRISTINA
REGION CODE ADDRESS : 7213 ADAMS GRAVEL PLANT ROAD
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,182.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,400.00
P & I AMT: 9,541.56
UPB AMT: 1,388,995.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031328958 MORTGAGORS: HELDMAN MICHAEL
HELDMAN TANYA
REGION CODE ADDRESS : 3270 WOODBINE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 660,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 659,065.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,728.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 79.51800
----------------------------------------------------------------
0 0031344112 MORTGAGORS: KLINESTIVER JOHN
KLINESTIVER BEVERLY
REGION CODE ADDRESS : 400 MIRAMONTE AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,543.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031355050 MORTGAGORS: BRANT RAYMOND
BRANT ANN
REGION CODE ADDRESS : 41 PALMA VISTA
01 CITY : DIABLO
STATE/ZIP : CA 94528
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,412.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,973.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.17300
----------------------------------------------------------------
0 0031372972 MORTGAGORS: PERRY ROBERT
PERRY JULIE
REGION CODE ADDRESS : 48 AMIGO LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,374.93 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 0031376908 MORTGAGORS: MARTINEZ ARTHUR
DI RUSCIO DENISE
REGION CODE ADDRESS : 2893 MORGAN DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 318,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,650.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.05 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: 2,322,400.00
P & I AMT: 16,369.18
UPB AMT: 2,318,046.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377658 MORTGAGORS: KAN TOM
KAN KAREN
REGION CODE ADDRESS : 6900 SANDTRACK ROAD
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,277.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.73600
----------------------------------------------------------------
0 0031383235 MORTGAGORS: MCCALLA PATRICK
MCCALLA ALICIA
REGION CODE ADDRESS : 2107 WINDWARD LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,335.96 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 : 75.00000
----------------------------------------------------------------
0 0031413297 MORTGAGORS: DICK CRAIG
DICK ROCHELLE
REGION CODE ADDRESS : 18124 ABBEY ROAD
01 CITY : TARZANA
STATE/ZIP : CA 91335
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,859.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,277.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.66600
----------------------------------------------------------------
0 0031413560 MORTGAGORS: PHAM SON
PHAM HAHN
REGION CODE ADDRESS : 1 GALLERY PLACE
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 1,100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,098,320.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,597.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 42.30700
----------------------------------------------------------------
0 0031416332 MORTGAGORS: PORDUM KAREN
REGION CODE ADDRESS : 6 FLEET STREET #203
01 CITY : MARINA DEL REY
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,163.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.06 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: 2,439,000.00
P & I AMT: 16,936.95
UPB AMT: 2,434,957.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031416936 MORTGAGORS: SCHWARTZ JOHN
SCHWARTZ MARILYN
REGION CODE ADDRESS : 5285 APENNINES CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 490,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,428.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,471.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031418239 MORTGAGORS: ANDERSON ANDREW
ANDERSON NICOLE
REGION CODE ADDRESS : 5 CHEYENNE
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,226.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031422165 MORTGAGORS: GIRARD MICHAEL
GIRARD YOLANDA
REGION CODE ADDRESS : 26334 THUNDERBIRD DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 254,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,016.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.55000
----------------------------------------------------------------
0 0031427966 MORTGAGORS: ZIVIC WILLIAM
REGION CODE ADDRESS : 2001 WESTOVER DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,313.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031432743 MORTGAGORS: SHARAFI SIMIN
REGION CODE ADDRESS : 1422 SOUTH BENTLEY AVENUE #202
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,705.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 955.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.85300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,200.00
P & I AMT: 10,063.73
UPB AMT: 1,439,689.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031443740 MORTGAGORS: WHARTON JENNIFER
REGION CODE ADDRESS : 4253 SHADYLADE AVENUE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,064.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031446347 MORTGAGORS: DINNING KIM
LOYST DENNIS
REGION CODE ADDRESS : 5019 DEL MONACO DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031451206 MORTGAGORS: OLSEN EDWARD
OLSEN CHERYL
REGION CODE ADDRESS : 11812 MARIPOSA BAY LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,433.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.55400
----------------------------------------------------------------
0 0031461247 MORTGAGORS: HUI TONY
HUI SUSAN
REGION CODE ADDRESS : 1940 PEWTER COURT
01 CITY : HACIENA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,723.78 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 0031461551 MORTGAGORS: ELLIS EUGENE
JOHANNI JAY
REGION CODE ADDRESS : 1385 HOLLOWAY AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94132
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,517.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,000.00
P & I AMT: 9,534.48
UPB AMT: 1,389,552.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031461999 MORTGAGORS: LESTI MARK
LESTI CHRISTINE
REGION CODE ADDRESS : 409 ST ANDREWS DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031462880 MORTGAGORS: LEININGER HAROLD
LEININGER BARBARA
REGION CODE ADDRESS : 4869 RIDGEVIEW DRIVE
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 213,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,462.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031464092 MORTGAGORS: MARCINKUS JAMES
REGION CODE ADDRESS : 7917 BERGER AVE
01 CITY : PLAYA DEL REY
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 662,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 661,956.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,407.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 68.83100
----------------------------------------------------------------
0 0031469489 MORTGAGORS: ALANO TERESITA
ALANO TOMAS
REGION CODE ADDRESS : 120 HIGATE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,964.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031470438 MORTGAGORS: MITTLEMAN JO ANNE
SUBRAMANIAN KUMAR
REGION CODE ADDRESS : 6833 CORTE MUNRAS
01 CITY : PLEASANTON,
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,419.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,899,850.00
P & I AMT: 13,095.34
UPB AMT: 1,897,239.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473689 MORTGAGORS: HAEGGLUND CHRIS
HAEGGLUND KELLY
REGION CODE ADDRESS : 66 SYCAMORE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,465.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031474943 MORTGAGORS: WRIGHT THOMAS
WRIGHT CAROLYNN
REGION CODE ADDRESS : 6420 WEST 85TH PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,599.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031479280 MORTGAGORS: PILKINGTON KENNETH
DUNCAN PAULA
REGION CODE ADDRESS : 9525 BONNIE LYNN WAY
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,517.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031480569 MORTGAGORS: TUCHOLSKI THEODORE
CANINO DEBORAH
REGION CODE ADDRESS : 1482 HOLLY COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,526.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031480593 MORTGAGORS: FORTUNA FERNANDO
CORTEZ LILIBETH
REGION CODE ADDRESS : 2262 REGATTA COURT
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94579
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,350.00
P & I AMT: 9,489.06
UPB AMT: 1,367,902.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031481229 MORTGAGORS: TANDOG OSCAR
TANDOG MERLINDA
REGION CODE ADDRESS : 3505 DIVISION STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90065
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,883.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,182.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 84.61500
----------------------------------------------------------------
0 0031484793 MORTGAGORS: RAPAICH ELI
RAPAICH EVELYN
REGION CODE ADDRESS : 10866 CORONEL ROAD
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,328.32 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 : 69.84100
----------------------------------------------------------------
0 0031489032 MORTGAGORS: CROWE WILLIAM
CROWE PATRICIA
REGION CODE ADDRESS : 1094 KARINA WAY
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,414.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,747.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.40600
----------------------------------------------------------------
0 0031492127 MORTGAGORS: GOLDEN MARIA
REGION CODE ADDRESS : 6609 EAST SMOKE TREE AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,908.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 414.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 23.07600
----------------------------------------------------------------
0 0031495575 MORTGAGORS: VAN DER COLFF RASMUS
VAN DER COLFF ANITA
REGION CODE ADDRESS : 23709 WINGATE COURT
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91354
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,000.00
P & I AMT: 9,184.34
UPB AMT: 1,320,329.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031496235 MORTGAGORS: WALTOS ROBERT
WALTOS CAROL
REGION CODE ADDRESS : 1660 FRAMBUESA DRIVE
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93405
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031500044 MORTGAGORS: HANLON NELLIE
REGION CODE ADDRESS : 16916 SAINT ANDREWS DRIVE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,026.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031500358 MORTGAGORS: HEALEY GERALD
HEALEY JUDITH
REGION CODE ADDRESS : 4802 BURGOYNE LANE
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,633.62 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 : 67.60500
----------------------------------------------------------------
0 0031503014 MORTGAGORS: STEINBERG DAVID
STEINBERG STACY
REGION CODE ADDRESS : 3427 WHITE ROSE WAY
01 CITY : LOS ANGELES ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,584.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,503.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031504723 MORTGAGORS: ETTER BRADLEY
ETTER DWIGHT
REGION CODE ADDRESS : 8518 EAST DEERSHIRE COURT
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 200,156.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,556.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,399.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,956.00
P & I AMT: 10,663.06
UPB AMT: 1,534,571.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031505597 MORTGAGORS: BROWNFIELD GEORGE
REGION CODE ADDRESS : 9883 CARMELITA AVENUE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,271.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 22.80000
----------------------------------------------------------------
0 0031513153 MORTGAGORS: WYCKOFF WINSTON
WYCKOFF JULIA
REGION CODE ADDRESS : 1362 GENEA AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,723.33 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 : 80.00000
----------------------------------------------------------------
0 0031515398 MORTGAGORS: RANDELL JAMES
RANDELL KARIN
REGION CODE ADDRESS : 9053 LARAMIE DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,275.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031515844 MORTGAGORS: WARNER SAMUEL
DONSBACH JAN
REGION CODE ADDRESS : 1521 RAMILLO AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 423,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,569.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,959.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.84900
----------------------------------------------------------------
0 0031516586 MORTGAGORS: BISHOP DONALD
REGION CODE ADDRESS : 3661 DESANIE CIRCLE
01 CITY : BAY POINT
STATE/ZIP : CA 94565
MORTGAGE AMOUNT : 107,825.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,668.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 763.18 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: 1,765,025.00
P & I AMT: 12,434.11
UPB AMT: 1,761,508.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031516818 MORTGAGORS: BASH JO ANNE
REGION CODE ADDRESS : 295 LETTON STREET
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 158,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,885.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031517113 MORTGAGORS: ANDERSEN JAMES
ANDERSEN KIMBERLY
REGION CODE ADDRESS : 1510 BRENTFORD AVENUE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031517717 MORTGAGORS: SIMONEAU L
REGION CODE ADDRESS : 843 LAKESHORE DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,480.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031517808 MORTGAGORS: CAMPBELL ROBERT
CAMPBELL MARIE
REGION CODE ADDRESS : 80 19TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 354,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,665.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,418.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.17700
----------------------------------------------------------------
0 0031518178 MORTGAGORS: TRAN TRUNG
TRAN LOAN
REGION CODE ADDRESS : 220 WINDSOR DR
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,500.00
P & I AMT: 10,470.86
UPB AMT: 1,514,525.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031519382 MORTGAGORS: DIMATTEO JAMES
DIMATTEO KATHY
REGION CODE ADDRESS : 100 HARBOR DRIVE #1904
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,684.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,085.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031519622 MORTGAGORS: SIU SIMON
LUK KATHY
REGION CODE ADDRESS : 1139 YALE STREET #3
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,981.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.77700
----------------------------------------------------------------
0 0031519713 MORTGAGORS: HIRATA DEREK
HIRATA STACY
REGION CODE ADDRESS : 276 LEUCADIA ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 264,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,548.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.74500
----------------------------------------------------------------
0 0031520596 MORTGAGORS: REID ROGER
REID ROBERTA
REGION CODE ADDRESS : 1115 CEDAR STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,462.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 45.57100
----------------------------------------------------------------
0 0031520653 MORTGAGORS: KARIN MICHAEL
KARIN LINDA
REGION CODE ADDRESS : 7710 EAST ROSELAND DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,218.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,670.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.74193
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,831,950.00
P & I AMT: 12,664.65
UPB AMT: 1,829,895.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522022 MORTGAGORS: TAUSHECK DAVID
TAUSHECK PATTY
REGION CODE ADDRESS : 2569 VALERIE COURT
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 183,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,446.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,331.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.98258
----------------------------------------------------------------
0 0031522386 MORTGAGORS: HOFFMAN BRYON
REGION CODE ADDRESS : 6 RUE VILLARS
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031523103 MORTGAGORS: DUBOIS RICHARD
DUBOIS MARGARET
REGION CODE ADDRESS : 111 HARBOR SEAL COURT
01 CITY : SAN MATEO
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,767.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031523947 MORTGAGORS: DE RUYTER KIMLEE
DE RUYTER VICTOR
REGION CODE ADDRESS : 4563 POINT LOMA AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.13700
----------------------------------------------------------------
0 0031524374 MORTGAGORS: MULLOY CHRIS
REGION CODE ADDRESS : 216 AVENIDA LA CUESTA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,297.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,300.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.56600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,846,900.00
P & I AMT: 12,881.60
UPB AMT: 1,844,134.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031524747 MORTGAGORS: DA PRA DARIO
DA PRA LINDA
REGION CODE ADDRESS : 1704 MONSERATE WAY
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,741.70 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 : 67.41500
----------------------------------------------------------------
0 0031525108 MORTGAGORS: RAUB GORDON
RAUB PAULA
REGION CODE ADDRESS : 2400 IRWIN AVENUE
01 CITY : SUTTER
STATE/ZIP : CA 95982
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,570.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------
0 0031525140 MORTGAGORS: PALHIDAI SCOTT
PALHIDAI TERRY
REGION CODE ADDRESS : 25 BELCANTO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,827.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.80400
----------------------------------------------------------------
0 0031525165 MORTGAGORS: MIYAMURA WALLACE
MIYAMURA STELLA
REGION CODE ADDRESS : 255O DATE CIRCLE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,790.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.70200
----------------------------------------------------------------
0 0031525330 MORTGAGORS: HARRELL CLAY
HARRELL JENNIFER
REGION CODE ADDRESS : 1865 CALIFORNIA STREET #4
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,413.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,754.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.80500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,000.00
P & I AMT: 11,185.75
UPB AMT: 1,670,342.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031525561 MORTGAGORS: ROMERO ANTHONY
ROMERO CLARA
REGION CODE ADDRESS : 1412 PACIFIC STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.20000
----------------------------------------------------------------
0 0031525843 MORTGAGORS: PUENTE FROILAN
SANABRIA LOURDES
REGION CODE ADDRESS : 11257 PORT ROAD
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,007.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.57200
----------------------------------------------------------------
0 0031526080 MORTGAGORS: GREANEY GLENN
GREANEY AMY
REGION CODE ADDRESS : 3459 VIRGIL CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031527039 MORTGAGORS: OSBORNE JOHN
OSBORNE VELMA
REGION CODE ADDRESS : 10717 INSPIRATION CIRCLE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 355,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,635.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031529027 MORTGAGORS: BRADSHAW WAYNE-KENT
REGAS MARY
REGION CODE ADDRESS : 4420 HUERTA COURT
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,641.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,138.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.16200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,613,100.00
P & I AMT: 11,068.22
UPB AMT: 1,611,641.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531197 MORTGAGORS: SHEN CHIEN-CHEN
SHEN LING-YI
REGION CODE ADDRESS : 1421 SOUTH 2ND AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 381,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,194.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.07700
----------------------------------------------------------------
0 0031531312 MORTGAGORS: ARIZ FARSHID
REGION CODE ADDRESS : 10252 MOSSY ROCK CIRCLE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,530.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031532005 MORTGAGORS: LAUTER SAMUEL
LAUTER STEPHANIE
REGION CODE ADDRESS : 245 8TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031532872 MORTGAGORS: ROSIAK JASON
ROSIAK JAMIE
REGION CODE ADDRESS : 29432 POINTE ROYALE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,989.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031533078 MORTGAGORS: CHANG CHRISTOPER
SIAUW SUSAN
REGION CODE ADDRESS : 11202 BAY LARUEL STREET
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,741.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.66000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,700.00
P & I AMT: 11,642.05
UPB AMT: 1,685,894.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031533516 MORTGAGORS: BAZILAUSKAS RANDY
BAZILAUSKAS JEANNE
REGION CODE ADDRESS : 207 SOUTH STANLEY DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 62.50000
----------------------------------------------------------------
0 0031534829 MORTGAGORS: SMITH DAVID
CHAMBERS NANCI
REGION CODE ADDRESS : 1445 NORTH BUNDY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 452,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,980.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,240.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.38600
----------------------------------------------------------------
0 0031534845 MORTGAGORS: SABA WILLIAM
SABA DOLORES
REGION CODE ADDRESS : 15611 MEADOWGATE ROAD
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,085.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 49.23800
----------------------------------------------------------------
0 0031536782 MORTGAGORS: DOHERTY RICHARD
DOHERTY KATHLEEN
REGION CODE ADDRESS : 28743 KING ARTHUR COURT
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 377,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,023.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031537079 MORTGAGORS: FURUKAWA CEDRIC
FURUKAWA CHRISTY
REGION CODE ADDRESS : 26915 CALAMINE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,823.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.37 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: 1,620,400.00
P & I AMT: 11,289.90
UPB AMT: 1,618,690.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031537319 MORTGAGORS: KIDO RODNEY
KIDO ROSE
REGION CODE ADDRESS : 12 COLORADO
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,497.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031537814 MORTGAGORS: BREWER ARTHUR
BREWER PATRICIA
REGION CODE ADDRESS : 32803 AGUA DULCE CANYON ROAD
01 CITY : AGUA DUCLE AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,749.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.33300
----------------------------------------------------------------
0 0031539695 MORTGAGORS: COLLIER GEOFFREY
COLLIER KATHLEEN
REGION CODE ADDRESS : 27306 DUXBURY PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,399.07 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 0031540016 MORTGAGORS: MARGOLIS GAIL
REGION CODE ADDRESS : 3803 VIA DOLCE
01 CITY : MARINA DEL RAY AREA
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,535.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,058.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031540420 MORTGAGORS: WOODLEY STEPHEN
WOODLEY SHERYL
REGION CODE ADDRESS : 14652 CARLSON STREET
01 CITY : POWAY
STATE/ZIP : CA 92064
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,900.00
P & I AMT: 12,464.65
UPB AMT: 1,821,978.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031540974 MORTGAGORS: OPPEGARD PETER
REGION CODE ADDRESS : 66 PIENZA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031541469 MORTGAGORS: TOBIN CHARLES
TOBIN YVONNE
REGION CODE ADDRESS : 11770 COORSGOLD LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 272,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,204.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031541642 MORTGAGORS: ORANGI SOHY
REGION CODE ADDRESS : 1612 GUADALAJARA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 393,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,984.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542145 MORTGAGORS: SHALEV LEA
SHALEV JACOB
REGION CODE ADDRESS : 5316 BUFFALO AVENUE
01 CITY : (SHERMAN OAKS AREA) LOS A
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,017.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031544679 MORTGAGORS: WALKER SVEN
REGION CODE ADDRESS : 10768 LAKE BOULEVARD
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,953.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,900.00
P & I AMT: 10,267.55
UPB AMT: 1,465,713.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031544760 MORTGAGORS: WHALLEY JOANNE
REGION CODE ADDRESS : 9207 FLICKER WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 605,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 604,076.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,178.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.00000
----------------------------------------------------------------
0 0031545056 MORTGAGORS: BRUNICK RONALD
REGION CODE ADDRESS : 6717 AVILA VALLEY DRIVE
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93405
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.54400
----------------------------------------------------------------
0 0031546047 MORTGAGORS: STEFFEN STEVEN
STEFFEN GINA
REGION CODE ADDRESS : 625 BRENDA LEE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,997.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.64100
----------------------------------------------------------------
0 0031546096 MORTGAGORS: BURNETT IAN
BURNETT SHARON
REGION CODE ADDRESS : 752 E. JUNE LAKE LANE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,524.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031546229 MORTGAGORS: PALMER WILLIAM
PALMER MARY
REGION CODE ADDRESS : 13559 OLD EL CAMINO REAL
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,799.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.49500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,088,200.00
P & I AMT: 14,401.43
UPB AMT: 2,085,903.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031547656 MORTGAGORS: YEE MICHAEL
YEE CHRISTINE
REGION CODE ADDRESS : 46 FEATHER RIDGE TRAIL
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 320,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,950.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.51500
----------------------------------------------------------------
0 0031549660 MORTGAGORS: BALI ARUN
BALI ANJILA
REGION CODE ADDRESS : 7533 SOULES WAY AND 5401 ELFRIEDE W
01 CITY : SACRAMENTO
STATE/ZIP : CA 95823
MORTGAGE AMOUNT : 121,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,743.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 909.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.90196
----------------------------------------------------------------
0 0031549769 MORTGAGORS: HUMPHREY LOREN
HUMPHREY TWILA
REGION CODE ADDRESS : 6041 PALO ALTO DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,728.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.29600
----------------------------------------------------------------
0 0031550635 MORTGAGORS: PARKER STEVEN
REGION CODE ADDRESS : 2159 COUNTRY CLUB DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031551088 MORTGAGORS: WIESINGER FREDERICK
ANDREWS EVELYN
REGION CODE ADDRESS : 132 SUNSET AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.06200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,256,400.00
P & I AMT: 8,769.25
UPB AMT: 1,254,041.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552268 MORTGAGORS: BUTLER LEONA
REGION CODE ADDRESS : 4196 HAVEN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 431,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,573.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031554942 MORTGAGORS: WAYNE JAMES
WAYNE LAURA
REGION CODE ADDRESS : 109 SOUTH GUADALUPE AVENUE NO. C
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556889 MORTGAGORS: FILATOV ALEXEY
SHELKOVA NINA
REGION CODE ADDRESS : 1733 ARMACOST AVENUE #4
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,539.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031557077 MORTGAGORS: OH SIN
REGION CODE ADDRESS : 633 SOUTH SYCAMORE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 307,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,110.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031557531 MORTGAGORS: THOMAN BROCK
THOMAN IRENE
REGION CODE ADDRESS : 505 RAINBOW TARNS ROAD
01 CITY : CROWLEY LAKE
STATE/ZIP : CA 93546
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,000.00
P & I AMT: 11,590.32
UPB AMT: 1,657,757.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558026 MORTGAGORS: KIM IN
KIM JUNG
REGION CODE ADDRESS : 2509 DORSET DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,524.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031560220 MORTGAGORS: PIERCE THOMAS
PIERCE LISA
REGION CODE ADDRESS : 14464 HIGH VALLEY ROAD
01 CITY : POWAY
STATE/ZIP : CA 90264
MORTGAGE AMOUNT : 750,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 748,736.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,926.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 015
LTV : 64.65500
----------------------------------------------------------------
0 0031560394 MORTGAGORS: MCCARTHY KEITH
MCCARTHY LOIS
REGION CODE ADDRESS : 10 MAKENA COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 284,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,065.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031560428 MORTGAGORS: LINGARDO RUDOLFO
LINGARDO LAURA
REGION CODE ADDRESS : 1595 CAUDOR STREET
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,623.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031561350 MORTGAGORS: GEHLMANN TIMOTHY
GEHLMANN STACEY
REGION CODE ADDRESS : 220 SILVERWOOD DR
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 420,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,173.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,942.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.78100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,048,100.00
P & I AMT: 14,103.36
UPB AMT: 2,045,122.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561947 MORTGAGORS: HOLTZ DAVID
HOLTZ LEIGHANN
REGION CODE ADDRESS : 2089 MONTE VISTA STREET
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 245,575.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,383.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031562242 MORTGAGORS: TSE SIUCHEONG
HUANG SHWU-MIIN
REGION CODE ADDRESS : 7002 NOONWOOD COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 275,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,997.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.52600
----------------------------------------------------------------
0 0031562796 MORTGAGORS: SEAMARK MICHAEL
ELLINWOOD TRACI
REGION CODE ADDRESS : 100 HARBOR DRIVE #2406
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,589.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563083 MORTGAGORS: HUDA MENON
YAMANOUCHI KANAE
REGION CODE ADDRESS : 27 FESTIVO
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,535.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563349 MORTGAGORS: LEON DANIEL
LEON BARBARA
REGION CODE ADDRESS : 25468 DOYLE COURT
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,175.00
P & I AMT: 9,538.26
UPB AMT: 1,371,299.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564743 MORTGAGORS: BOYD KIMBERLY ANN
BOYD BILL
REGION CODE ADDRESS : 396 PARK AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,636.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.32400
----------------------------------------------------------------
0 0031565286 MORTGAGORS: TREESON EMANUEL
MAY CYBELE
REGION CODE ADDRESS : 1522 ELEVADO STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,231.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031566151 MORTGAGORS: BAYLON VERONICA
BOOKER HARVEY
REGION CODE ADDRESS : 7282 MARGERUM AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,484.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.90100
----------------------------------------------------------------
0 0031566912 MORTGAGORS: FAIRCHILD PAUL
FAIRCHILD CATHY
REGION CODE ADDRESS : 12893 RALSTON CIRCLE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,731.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.11881
----------------------------------------------------------------
0 0031567001 MORTGAGORS: GIBFRIED RUSSELL
GIBFRIED KATHERINE
REGION CODE ADDRESS : 2517 CAMINITO LA PAZ
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,525.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.59300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,600.00
P & I AMT: 9,459.89
UPB AMT: 1,366,609.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567076 MORTGAGORS: GURROLA RAFAEL
GUARROLA DORA
REGION CODE ADDRESS : 554 BALSAM AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,144.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.68300
----------------------------------------------------------------
0 0031568637 MORTGAGORS: SIMS ALAN
SIMS ZELDA
REGION CODE ADDRESS : 2508 GLEN CANYON ROAD
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,455.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031570674 MORTGAGORS: FORMICA STEFANO
REGION CODE ADDRESS : 17 NICE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,482.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031570781 MORTGAGORS: PAIGE MICHAEL
REGION CODE ADDRESS : 1233 NORTH LAUREL AVENUE #116
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 119,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,303.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 795.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.09600
----------------------------------------------------------------
0 0031571136 MORTGAGORS: SPANDAU CHRISTOPHER
REGION CODE ADDRESS : 12962 CARMEL CREEK RD #135
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 205,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,847.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,433.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,313,000.00
P & I AMT: 9,269.30
UPB AMT: 1,311,233.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031571201 MORTGAGORS: FARR FREDERICK
BONNEMA SHERYL
REGION CODE ADDRESS : 14295 LAUREL WOOD LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 283,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,234.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031572084 MORTGAGORS: MAYER MARTIN
MAYER CHERYL
REGION CODE ADDRESS : 590 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 288,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,875.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031572530 MORTGAGORS: PRENTICE LEE
PRENTICE JANET
REGION CODE ADDRESS : 1959 TRENTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,472.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,528.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031572597 MORTGAGORS: HAMIDI JAMSHID
HAMIDI KEYDOKHT
REGION CODE ADDRESS : 2995 MARY LANE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031572662 MORTGAGORS: WEBB MICHAEL
WEBB DONNA
REGION CODE ADDRESS : 8233 TANOAK WAY
01 CITY : CITRUS HEIGHTS
STATE/ZIP : CA 95621
MORTGAGE AMOUNT : 77,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 77,800.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 585.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,248,450.00
P & I AMT: 8,658.45
UPB AMT: 1,246,824.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031572696 MORTGAGORS: SCHWEIKERT CARL
REGION CODE ADDRESS : 16952 IRON SPRINGS ROAD
01 CITY : JULIAN
STATE/ZIP : CA 92036
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,893.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 966.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 62.22200
----------------------------------------------------------------
0 0031572712 MORTGAGORS: BAPTISTE JAMES
BAPTISTE ANNE
REGION CODE ADDRESS : 2503 SINGING VISTA WAY
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,397.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.60600
----------------------------------------------------------------
0 0031573629 MORTGAGORS: LORD CHARLES
RODGERS-LORD SHARON
REGION CODE ADDRESS : 1412 LAWRENCE WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,511.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574320 MORTGAGORS: SALAMATI MEHRAN
SALAMATI LORIE
REGION CODE ADDRESS : 22190 SADDLE PEAK ROAD
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,066.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031574346 MORTGAGORS: SEITZ JOHN
SEITZ MONIQUE
REGION CODE ADDRESS : 29 PARADISE COVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,652.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,600.00
P & I AMT: 9,824.01
UPB AMT: 1,426,522.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574387 MORTGAGORS: MEYERS ALLEN
MEYERS RACHEL
REGION CODE ADDRESS : 1812 TOBI COURT
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 194,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,612.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,395.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031575020 MORTGAGORS: WOODRUFF GARY
WOODRUFF CYNTHIA
REGION CODE ADDRESS : 22152 FUSCO LANE
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,222.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031575053 MORTGAGORS: MENLO FRANKLIN
MENLO LYNN
REGION CODE ADDRESS : 312 SOUTH MCCARTHY DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,105.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,698.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.90900
----------------------------------------------------------------
0 0031575475 MORTGAGORS: SCHLEGEL WILLIAM
REGION CODE ADDRESS : 1217 CALLE ARROYO
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,730.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.52600
----------------------------------------------------------------
0 0031575574 MORTGAGORS: BURD JOHN
BURD AMY
REGION CODE ADDRESS : 10017 RANCHO CAPITAN
01 CITY : LAKESIDE
STATE/ZIP : CA 92040
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,746.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,379.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,350.00
P & I AMT: 11,599.86
UPB AMT: 1,627,417.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031576440 MORTGAGORS: LANGOLF JAMES
LANGOLF TRESSA
REGION CODE ADDRESS : 764 WINDELL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,829.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031576887 MORTGAGORS: FONG CARLETON
FONG CYNTHIA
REGION CODE ADDRESS : 9632 CUTTER COVE PLACE
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 254,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,565.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031577091 MORTGAGORS: BREAUX RICHARD
BREAUX KATHRYN
REGION CODE ADDRESS : 6050 QUAIL CREEK LANE
01 CITY : HOMEWOOD
STATE/ZIP : CA 96141
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031577471 MORTGAGORS: KIM HAE
KIM SO
REGION CODE ADDRESS : 925 14TH STREET #25
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 320,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,162.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031578503 MORTGAGORS: UESUGI TAKEO
UESEGI KOJI
REGION CODE ADDRESS : 3434 EAST HOLT AVENUE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,554.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.25300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,150.00
P & I AMT: 9,710.09
UPB AMT: 1,387,893.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578875 MORTGAGORS: GAN QING-FEN
LI LEA
REGION CODE ADDRESS : 315 WINDINGWOOD COURT #1605
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,083.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.82400
----------------------------------------------------------------
0 0031579857 MORTGAGORS: BEYER SCOTT
BEYER MARY
REGION CODE ADDRESS : 1445 BRIOSO COURT
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 137,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,620.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,083.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031580392 MORTGAGORS: DATA DAVID
DATA DEBE
REGION CODE ADDRESS : 4339 MATTOS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,783.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0031581077 MORTGAGORS: ADAMS ROBYN
ADAMS STEPHEN
REGION CODE ADDRESS : 5006 CASCADE COURT
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,804.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031581416 MORTGAGORS: MORGAN GEOFFREY
TUTTLE AMY
REGION CODE ADDRESS : 8829 LUND HILL LANE
01 CITY : COTATI
STATE/ZIP : CA 94931
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,509.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,292,100.00
P & I AMT: 9,599.11
UPB AMT: 1,290,802.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031581804 MORTGAGORS: SAMPEDRO LUIS
SAMPEDRO LYNDA
REGION CODE ADDRESS : 431 CAMINO DE ENCANTO
01 CITY : TORRANCE REDONDA BEACH AR
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,644.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,610.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031584162 MORTGAGORS: BALDI EDOARDO
REGION CODE ADDRESS : 17352 WEST SUNSET BOULEVARD NO.106
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 143,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,098.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,025.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031584311 MORTGAGORS: GONZALEZ PETER
GONZALEZ TONI
REGION CODE ADDRESS : 4786 LUCILLE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92115
MORTGAGE AMOUNT : 254,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,906.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031584980 MORTGAGORS: EVERSON KIM
REGION CODE ADDRESS : 5630 CAMPO WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90806
MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,527.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,832.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031586357 MORTGAGORS: NAZIRUDDIN FAIYAZ
NAZIRUDDIN LEAH
REGION CODE ADDRESS : 4770 CENTRAL PARKWAY
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 198,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,180.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.82 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: 1,675,925.00
P & I AMT: 11,612.60
UPB AMT: 1,674,357.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031586704 MORTGAGORS: STARKE WILLIAM
REGION CODE ADDRESS : 541 RED ARROW TRAIL
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,364.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.31700
----------------------------------------------------------------
0 0031587033 MORTGAGORS: HUFF KENNETH
HUFF MARIE
REGION CODE ADDRESS : 6638 CIBOLA ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,803.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.14630
----------------------------------------------------------------
0 0031587140 MORTGAGORS: YUN KI
YUN KANG
REGION CODE ADDRESS : 905 CALLE DEL PACIFICO
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 322,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,172.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587165 MORTGAGORS: LUDWIN CRAIG
LUDWIN ROBYN
REGION CODE ADDRESS : 20668 DEODAR DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,380.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031587215 MORTGAGORS: GUSTAFSON JOHN
GUSTAFSON STEPHANIE
REGION CODE ADDRESS : 811 SADDLE LANE
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,693.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.55500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,550.00
P & I AMT: 12,094.42
UPB AMT: 1,704,414.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587330 MORTGAGORS: HABER MAJORIE
REGION CODE ADDRESS : 3288 EDITH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 422,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,209.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,063.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031587413 MORTGAGORS: KACZMAREK PETER
KACZMAREK NINA
REGION CODE ADDRESS : 22331 BIRCHLEAF
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,678.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,142.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587884 MORTGAGORS: FETTERMAN LYNN
FETTERMAN VICKI
REGION CODE ADDRESS : 78808 VIA CARMEL
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031588130 MORTGAGORS: KASPARIAN NARINE
REGION CODE ADDRESS : 2155 RIMCREST DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,731.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.84200
----------------------------------------------------------------
0 0031588619 MORTGAGORS: HILL CHRISTOPHER
HILL STEPHANIE
REGION CODE ADDRESS : 1929 CEDAR STREET
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,761.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.70100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,904,500.00
P & I AMT: 13,614.82
UPB AMT: 1,903,149.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031588940 MORTGAGORS: ALLEN JOAN
REGION CODE ADDRESS : 4562 WILLOWBEND COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 183,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,373.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,330.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 76.45800
----------------------------------------------------------------
0 0031589104 MORTGAGORS: LANGNER DANIEL
LANGNER COLLEEN
REGION CODE ADDRESS : 31 DEL PADRE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,167.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.16600
----------------------------------------------------------------
0 0031589211 MORTGAGORS: PATTON CHARLES
REGION CODE ADDRESS : 200 HARBOR DRIVE #903
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 195,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,869.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,430.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------
0 0031589468 MORTGAGORS: GILCHRIST NORMAN
GILCHRIST MARY
REGION CODE ADDRESS : 2481 TRENTON DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,811.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.11100
----------------------------------------------------------------
0 0031589880 MORTGAGORS: COBB JERRY
COBB BARBARA
REGION CODE ADDRESS : 2003 PALM AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 216,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,485.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,534.50 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: 1,103,800.00
P & I AMT: 7,962.54
UPB AMT: 1,102,707.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031589997 MORTGAGORS: SEATON TIMOTHY
D'ELIA DANA
REGION CODE ADDRESS : 22067 SADDLE PEAK ROAD
01 CITY : TOPANGA
STATE/ZIP : CA 90290
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590433 MORTGAGORS: SRINIVASAN JEFFREY
SIPPLE-SRINIVASAN MARGARET
REGION CODE ADDRESS : 458 PAULETTE PLACE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031590458 MORTGAGORS: GAMEZ MEYNARD
GAMEZ PATRICIA
REGION CODE ADDRESS : 17175 COPPER HILL DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,141.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031591639 MORTGAGORS: COLGATE LAURA
REGION CODE ADDRESS : 2996 SUNRIDGE DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 166,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,300.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,166.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031591720 MORTGAGORS: READY TRENT
READY KIM
REGION CODE ADDRESS : 4033 VIA PICAPOSTE
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,110.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,103.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,658,800.00
P & I AMT: 11,731.19
UPB AMT: 1,655,992.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031591761 MORTGAGORS: STANCHEK THOMAS
STANCHEK DEANNA
REGION CODE ADDRESS : 28 MEADOWOOD
01 CITY : RANCHO SANTA MARGARITA AR
STATE/ZIP : CA 92688
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031592132 MORTGAGORS: WILLIAMS VERNON
REGION CODE ADDRESS : 1601 WYNDHAM COURT
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,086.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,958.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.61900
----------------------------------------------------------------
0 0031593023 MORTGAGORS: WHITESIDE WILLIAM
REGION CODE ADDRESS : 815 BRIGHTON COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,325.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031593155 MORTGAGORS: MEYER WILLIAM
MEYER CLAIRE
REGION CODE ADDRESS : 5932 BUSCH DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031593247 MORTGAGORS: SEDAKA MARC
SEDAKA SAMANTHA
REGION CODE ADDRESS : 3755 WRIGHTWOOD DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,745.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.82600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,710,500.00
P & I AMT: 12,016.18
UPB AMT: 1,708,631.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031593296 MORTGAGORS: LAM LAK
SZETO STELLA
REGION CODE ADDRESS : 11073 INSPIRATION CIRCLE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 379,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,580.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,495.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031593346 MORTGAGORS: SPUNT JEFFREY
HIRSH GAIL
REGION CODE ADDRESS : 2889 BRANNICK PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,454.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031593916 MORTGAGORS: RESNICK STEVEN
RESNICK BRENDA
REGION CODE ADDRESS : 28249 RODGERS DRIVE
01 CITY : SAUGUS
STATE/ZIP : CA 91353
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.82000
----------------------------------------------------------------
0 0031593932 MORTGAGORS: DRAGON FRANK
DRAGON ELIZABETH
REGION CODE ADDRESS : 828 HIGHLAND DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.41573
----------------------------------------------------------------
0 0031593940 MORTGAGORS: HARRIS STEPHEN
HARRIS JENNIFER
REGION CODE ADDRESS : 5020 MACERO COURT
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 284,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,883.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,000.00
P & I AMT: 10,815.88
UPB AMT: 1,582,215.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031595077 MORTGAGORS: ALI SYED
ALI SAFIA
REGION CODE ADDRESS : 4225 ALDER AVENUE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 272,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,462.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031595119 MORTGAGORS: TAM KEVIN
TAM SHARON
REGION CODE ADDRESS : 31005 VIA PUERTA DEL SOL
01 CITY : BONSALL
STATE/ZIP : CA 92003
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.97000
----------------------------------------------------------------
0 0031595176 MORTGAGORS: AAGAARD EVA
AAGAARD RUSSELL
REGION CODE ADDRESS : 3669 DOWITCHER TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94555
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031595564 MORTGAGORS: WILLIAMS JUDITH
REGION CODE ADDRESS : 6600 SHADY LAKE LANE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,787.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.03200
----------------------------------------------------------------
0 0031595606 MORTGAGORS: LOMAS RYKER
REGION CODE ADDRESS : 322 CORONA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,880.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,167.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 43.42100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,150.00
P & I AMT: 9,710.73
UPB AMT: 1,388,117.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031595838 MORTGAGORS: ARMSTRONG SCOTT
KOKKO-ARMSTRONG MARGARET
REGION CODE ADDRESS : 201 NORTH REDROCK
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,725.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,243.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596026 MORTGAGORS: KAUFMANN JAMES
KAUFMANN WENDY
REGION CODE ADDRESS : 20191 ROGERS DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 418,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,206.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,000.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.01800
----------------------------------------------------------------
0 0031596257 MORTGAGORS: HERNANDEZ FLORENTINE
ABBOTT RODNEY
REGION CODE ADDRESS : 356 ARCHES AVENUE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.96600
----------------------------------------------------------------
0 0031596273 MORTGAGORS: CHAUDHRY MOHAMMAD
CHAUDHRY BUSHRA
REGION CODE ADDRESS : 2390 MOONRIDGE CIRCLE
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 188,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,363.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,334.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.40000
----------------------------------------------------------------
0 0031596323 MORTGAGORS: KNIESEL GARY
REGION CODE ADDRESS : 114 DEL NORTE VISTA WAY
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 373,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,486.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,677.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.00900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,050.00
P & I AMT: 9,923.00
UPB AMT: 1,389,623.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597172 MORTGAGORS: SITZMANN PATRICK
SITZMAN MAUREEN
REGION CODE ADDRESS : 1268 IDYLBERRY ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.47300
----------------------------------------------------------------
0 0031597453 MORTGAGORS: ILOUNA BENEDICTA
REGION CODE ADDRESS : 1009 FERNREST DRIVE
01 CITY : HARBOR CITY AREA
STATE/ZIP : CA 90710
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,323.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031597479 MORTGAGORS: WATSON PETER
WATSON MARJORIE
REGION CODE ADDRESS : 450 FAIRWAY DRIVE #753
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,737.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031597495 MORTGAGORS: JAFFE ROBERT
JAFFE SHEILA
REGION CODE ADDRESS : 30050 QUAIL RUN DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 363,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,216.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.72900
----------------------------------------------------------------
0 0031597644 MORTGAGORS: SEO YONG
SEO CHUN
REGION CODE ADDRESS : 1719 GLENWOOD ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,873.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,188.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.12500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,000.00
P & I AMT: 9,648.60
UPB AMT: 1,388,952.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597826 MORTGAGORS: BRIDGMAN RICKY
BRIDGMAN MARINA
REGION CODE ADDRESS : 2280 NADULA DRIVE
01 CITY : HACIENDA HEIGHTS AREA
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,218.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031597867 MORTGAGORS: ENGLE WILLIAM
ENGLE NANCI
REGION CODE ADDRESS : 6656 MUIRLANDS DRIVE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,105.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031598006 MORTGAGORS: SEO SONG
SEO KYONG
REGION CODE ADDRESS : 22701 DRAILLE DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,817.20 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 : 70.00000
----------------------------------------------------------------
0 0031598717 MORTGAGORS: WOTUS JAMES
WOTUS DIANE
REGION CODE ADDRESS : 16100 ESCOBAR AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,715.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,677.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.79300
----------------------------------------------------------------
0 0031599327 MORTGAGORS: SERPA BRUCE
SERPA LISA
REGION CODE ADDRESS : 6341 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 315,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,326.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,775,450.00
P & I AMT: 12,461.26
UPB AMT: 1,773,658.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031599566 MORTGAGORS: ROBINSON STEVEN
REGION CODE ADDRESS : 1019 MONTEREY BOULEVARD
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,380.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,908.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031599699 MORTGAGORS: WEI MICHAEL
JENG ANNIE
REGION CODE ADDRESS : 2306 MARKS DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,653.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.64900
----------------------------------------------------------------
0 0031599921 MORTGAGORS: BAKHSHANDEHPOUR MANOCHER
BAKHSHANDEHPOUR SHAHRZAD
REGION CODE ADDRESS : 26122 BUENA VISTA COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,771.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031599939 MORTGAGORS: MEYER DAVID
MEYER RHONDA
REGION CODE ADDRESS : 1567 PEARL HEIGHTS ROAD
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,815.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.90100
----------------------------------------------------------------
0 0031600182 MORTGAGORS: JESSEE MARGARET
REGION CODE ADDRESS : 9 VALLECITO LANE
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 309,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,364.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.33 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: 1,526,600.00
P & I AMT: 10,693.56
UPB AMT: 1,524,985.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031600307 MORTGAGORS: DUTTA SHANTANU
REGION CODE ADDRESS : 1308 CALIFORNIA AVENUE NO. 3
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031600380 MORTGAGORS: YUDELL LYNN
REGION CODE ADDRESS : 10420 QUITO LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.38400
----------------------------------------------------------------
0 0031600562 MORTGAGORS: SEGOVIA JAVIER
REGION CODE ADDRESS : 3741 WADE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031600760 MORTGAGORS: GOODWIN MICHAEL
CAVADINI-GOODWIN ANN
REGION CODE ADDRESS : 12751 ADAMS STREET
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92845
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.81600
----------------------------------------------------------------
0 0031600810 MORTGAGORS: DRAKE RONALD
DRAKE SUSAN
REGION CODE ADDRESS : 27602 MEADOW BAY DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,715.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,684.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,000.00
P & I AMT: 10,918.10
UPB AMT: 1,563,832.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031601057 MORTGAGORS: BADER ROY
BADER VALORI
REGION CODE ADDRESS : 9561 MANZANITA COURT
01 CITY : FONTANA
STATE/ZIP : CA 92335
MORTGAGE AMOUNT : 102,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,929.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 739.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 92.72700
----------------------------------------------------------------
0 0031601206 MORTGAGORS: VALENTI KEN
PEREZ ELEANOR
REGION CODE ADDRESS : 45 ANGELICA WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 323,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,618.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031601388 MORTGAGORS: MARTIN JAMES
MARTIN BRAUNA
REGION CODE ADDRESS : 1714 SUNSET AVE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,390.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.23500
----------------------------------------------------------------
0 0031601453 MORTGAGORS: PALMER MICHAEL
PALMER MONIQUE
REGION CODE ADDRESS : 23030 KATHRYN AVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,539.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.57100
----------------------------------------------------------------
0 0031601776 MORTGAGORS: MOONEYHAM GEORGE
MOONEYHAM CAROL
REGION CODE ADDRESS : 4702 MOORE STREET
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,695.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,000.00
P & I AMT: 9,461.14
UPB AMT: 1,352,175.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031602519 MORTGAGORS: LANGAN RICHARD
LANGAN DONNA
REGION CODE ADDRESS : 4215 MEADOW WOOD COURT
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,616.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.89600
----------------------------------------------------------------
0 0031602923 MORTGAGORS: KELLEN DAVID
MARKS CYNTHIA
REGION CODE ADDRESS : 545 CATALONIA AVENUE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,259.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,609.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031602956 MORTGAGORS: PORTER BRYAN
PORTER ANABEL
REGION CODE ADDRESS : 8364 CHASE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,616.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031603624 MORTGAGORS: BRADLEY ROSS
REGION CODE ADDRESS : 17906 MARTHA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 126,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,712.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031604200 MORTGAGORS: IKER STEVEN
IKER SHARON
REGION CODE ADDRESS : 875 STERLING OAKS COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 339,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,981.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,344.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.80400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,300.00
P & I AMT: 10,413.90
UPB AMT: 1,483,187.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031604440 MORTGAGORS: BENSAN SAMUEL
BENSAN JOSEPHINE
REGION CODE ADDRESS : 3556 ROLLINGSIDE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031604531 MORTGAGORS: ELSBERRY DAVID
ELSBERRY CAROLYN
REGION CODE ADDRESS : 33862 BRIDGEHAMPTON DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,604.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.11940
----------------------------------------------------------------
0 0031604663 MORTGAGORS: MONTESDEOCA GEORGE
MONTESDEOCA SANDRA
REGION CODE ADDRESS : 5180 ABBEYWOOD DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 246,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,152.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031605017 MORTGAGORS: MALLICK DONALD
MALLICK DONNA
REGION CODE ADDRESS : 6713 PISTACHIO PLACE
01 CITY : PALMDALE
STATE/ZIP : CA 93551
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,315.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.96400
----------------------------------------------------------------
0 0031606478 MORTGAGORS: PALL THOMAS
PALL CHRISTINE
REGION CODE ADDRESS : 7 BRIGHTWOOD CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 822,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 821,693.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,683.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 69.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,800.00
P & I AMT: 12,731.22
UPB AMT: 1,836,573.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031607641 MORTGAGORS: DINETZ ROBERT
DINETZ KATHLEEN
REGION CODE ADDRESS : 251 FREDERICK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,716.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031607807 MORTGAGORS: KOCZIAN ROBERT
KOCZIAN ANITA
REGION CODE ADDRESS : 4859 CABRILLO POINT, UNICORP.
01 CITY : AREA OF CONTRA COSTA, BYR
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,307.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031607815 MORTGAGORS: EARNEY GEORGE
EARNEY DOROTHY
REGION CODE ADDRESS : 901 TALBOT DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 245,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,175.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.95433
----------------------------------------------------------------
0 0031608060 MORTGAGORS: AYRIA KAMBIZ
REGION CODE ADDRESS : 31 NEWCASTLE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 611,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,773.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,169.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031608078 MORTGAGORS: GROTH LAWRENCE
TURPEN VALERIE
REGION CODE ADDRESS : 2038 PACIFIC AVENUE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,793.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,842,550.00
P & I AMT: 12,893.82
UPB AMT: 1,840,765.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031608201 MORTGAGORS: BATRA TARUN
BATRA ANURADHA
REGION CODE ADDRESS : 8278 SKYLINE CIRCLE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,929.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.88877
----------------------------------------------------------------
0 0031608243 MORTGAGORS: CAMARGO MANUEL
CAMARGO IRENE
REGION CODE ADDRESS : 922 NORTH EVERETT STREET
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,581.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.92000
----------------------------------------------------------------
0 0031608391 MORTGAGORS: SERBIN ROBERT
REGION CODE ADDRESS : 814 SADDLEBACK CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,373.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97100
----------------------------------------------------------------
0 0031608540 MORTGAGORS: MANAVI MAHDAD
MANAVI FARANAK
REGION CODE ADDRESS : 6075 CROSSVIEW CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,951.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,524.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031609100 MORTGAGORS: BLAIR BOBBI
REGION CODE ADDRESS : 11601 MONTANA AVENUE UNIT 7
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,977.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 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: 1,735,200.00
P & I AMT: 12,276.89
UPB AMT: 1,731,813.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609274 MORTGAGORS: WOODSON JIMMY
WOODSON DARLENE
REGION CODE ADDRESS : 236 POLHEMUS AVENUE
01 CITY : ATHERTON
STATE/ZIP : CA 94027
MORTGAGE AMOUNT : 867,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 865,008.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,988.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 22.23000
----------------------------------------------------------------
0 0031609530 MORTGAGORS: SENSABAUGH NILE
SENSABAUGH JEAN
REGION CODE ADDRESS : 5950 VIA DEL TECOLOTE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.24300
----------------------------------------------------------------
0 0031609571 MORTGAGORS: GOLDMAN MICHAEL
GOLDMAN RUTH
REGION CODE ADDRESS : 41 CRESTVIEW
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 437,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,532.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,019.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031609977 MORTGAGORS: LIMA MARIO
LIMA CYNTHIA
REGION CODE ADDRESS : 6101 THOR DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 217,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,442.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,540.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031610025 MORTGAGORS: WIKNER LYLE
WIKNER ELAINE
REGION CODE ADDRESS : 5333 MALLARD DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 319,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,740.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,117,750.00
P & I AMT: 14,806.38
UPB AMT: 2,114,509.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031610413 MORTGAGORS: BURGER EDWARD
BURGER MARY
REGION CODE ADDRESS : 5972 SEACREST VIEW ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92121
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,303.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.53800
----------------------------------------------------------------
0 0031610637 MORTGAGORS: HARNICK PHILLIP
SOKOL ROBYN
REGION CODE ADDRESS : 3538 MULTIVIEW DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,391.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,080.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0031610934 MORTGAGORS: COUTCHIE EDWARD
REGION CODE ADDRESS : 33 ROYAL TERN LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,875.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,217.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611478 MORTGAGORS: LALOUZ SHLOMO
REGION CODE ADDRESS : 6340 RAYDEL CT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,895.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,060.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611650 MORTGAGORS: REICHBACH ZEV
COHEN-REICHBACH LYNDA
REGION CODE ADDRESS : 5521 CALHOUN AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,752.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,345,500.00
P & I AMT: 9,519.71
UPB AMT: 1,344,218.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031612070 MORTGAGORS: HUHN ROBERT
HUHN MARTHA
REGION CODE ADDRESS : 1348 CRESTLINE DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,622.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.47300
----------------------------------------------------------------
0 0031612104 MORTGAGORS: STAUFFER PETER
STAUFFER JANECKE
REGION CODE ADDRESS : 40 CORWIN DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,351.23 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 : 59.85900
----------------------------------------------------------------
0 0031612245 MORTGAGORS: RUDERMAN JEFFREY
THOMASON ANTOINETTE
REGION CODE ADDRESS : 4 FOREST HILLS COURT
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,844.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.19298
----------------------------------------------------------------
0 0031612716 MORTGAGORS: STEARNS JEFFREY
OGLE JEFFREY
REGION CODE ADDRESS : 41 SATURN STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,950.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.53000
----------------------------------------------------------------
0 0031613011 MORTGAGORS: HUNT RANDALL
HUNT VALERIE
REGION CODE ADDRESS : 71390 BLACK HILLS
01 CITY : MOUNTAIN CENTER
STATE/ZIP : CA 92561
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,072.47 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 : 47.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,000.00
P & I AMT: 10,801.43
UPB AMT: 1,539,841.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031613334 MORTGAGORS: LAMBERT JEFFREY
LAMBERT LORALIE
REGION CODE ADDRESS : 9212 JERSEY DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 95,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,810.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 679.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.15500
----------------------------------------------------------------
0 0031613763 MORTGAGORS: RYAN DENNIS
RYAN FAY
REGION CODE ADDRESS : 1508 CHARRO COURT
01 CITY : BONTIA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,756.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.98930
----------------------------------------------------------------
0 0031613789 MORTGAGORS: KEAR BRADLEY
KEAR RITA
REGION CODE ADDRESS : 1379 PASEO ISABELLA
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,979.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031613839 MORTGAGORS: MCWILLIAMS GREGORY
MCWILLIAMS TRACY
REGION CODE ADDRESS : 2807 3RD STREET #4
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,472.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.27700
----------------------------------------------------------------
0 0031613938 MORTGAGORS: KING CHRISTOPHER
KING MARY
REGION CODE ADDRESS : 20 COLORADO
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 271,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,224.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.13 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: 1,269,000.00
P & I AMT: 8,626.87
UPB AMT: 1,267,243.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031613979 MORTGAGORS: HOPPUS MARK
REGION CODE ADDRESS : 14015 CHESTNUT HILL LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,754.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,153.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.38000
----------------------------------------------------------------
0 0031614027 MORTGAGORS: HUDIN ALAN
HUDIN MARIA
REGION CODE ADDRESS : 18124 KAREN DRIVE (TARZANA AREA)
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,770.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031614076 MORTGAGORS: KOLSTAD CHARLES
KOLSTAD LINDA
REGION CODE ADDRESS : 21 SOUTH GORDON WAY
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,507.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031614100 MORTGAGORS: OHMART JEFFREY
OHMART MISTY
REGION CODE ADDRESS : 52 SKYVIEW TERRACE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 513,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,449.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,591.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031614134 MORTGAGORS: WASON THOMAS
WASON NANETTE
REGION CODE ADDRESS : 35 CALERA CANYON ROAD
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,458.02 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,003,800.00
P & I AMT: 14,035.83
UPB AMT: 1,999,938.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031614159 MORTGAGORS: WINTER KEITH
MIKELSON SHERA
REGION CODE ADDRESS : 1681 SEMINOLE WAY
01 CITY : ARNOLD
STATE/ZIP : CA 95223
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,430.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031614316 MORTGAGORS: KEFALAS MODESTOS
KEFALAS EUGENIA
REGION CODE ADDRESS : 3928 BLANCHE STREET
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,802.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031614399 MORTGAGORS: KIM KEE
KIM YOUNG
REGION CODE ADDRESS : 2908 MARKRIDGE ROAD
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 350,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,859.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031614456 MORTGAGORS: NG JOHN
REGION CODE ADDRESS : 30 CORTE ALEGRE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,741.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031614985 MORTGAGORS: MANSOURIAN NADER
REGION CODE ADDRESS : 537 MONTECILLO ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,300.00
P & I AMT: 10,533.35
UPB AMT: 1,505,797.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031615255 MORTGAGORS: HEISNER ROBERT
HEISNER OSANN
REGION CODE ADDRESS : 9 PALOMA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031615735 MORTGAGORS: STAHLHEBER STEVEN
ROSA LAURIE
REGION CODE ADDRESS : 2165 FOUNTAIN COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031615891 MORTGAGORS: KHATHURIA RAMESH
KHATHURIA SUNITA
REGION CODE ADDRESS : 352 GARDENIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 374,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,277.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,589.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031615933 MORTGAGORS: EBERLE ROBERT
REGION CODE ADDRESS : 185 KENSINGTON WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 295,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,086.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.48200
----------------------------------------------------------------
0 0031616329 MORTGAGORS: KETSIRI ARSDAVUT
REGION CODE ADDRESS : 212 38TH STREET UNIT A & B
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,547.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.88500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,150.00
P & I AMT: 10,794.58
UPB AMT: 1,532,511.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031616378 MORTGAGORS: YELLAMILLI KRISHNA
YELLAMILLI CHAMPA
REGION CODE ADDRESS : 20663 CHERYL DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,396.98 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 0031616402 MORTGAGORS: SERRANO CARLOS
BEZERRA SERRANO MARTHA
REGION CODE ADDRESS : 14358 WEST RUSHMORE COURT
01 CITY : CANYON COUNTRY
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,390.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031616444 MORTGAGORS: ESCUDERO GUALBERTO
ESCUDERO THANH-HA
REGION CODE ADDRESS : 1707 BLOSSOM COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,067.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.89700
----------------------------------------------------------------
0 0031616972 MORTGAGORS: O'MALLEY THOMAS
EGGER O'MALLEY KATHY
REGION CODE ADDRESS : 16340 JAMES COURT
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,741.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031617020 MORTGAGORS: SCHILLING MARK
SCHILLING TARA
REGION CODE ADDRESS : 603 N GUADALUPE AVENUE #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 282,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,790.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.49200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,800.00
P & I AMT: 10,313.97
UPB AMT: 1,475,385.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031617327 MORTGAGORS: MOMCHILOVICH STEVE
MOMCHILOVICH CHARMANE
REGION CODE ADDRESS : 2106 CAMINO DEL VECINO
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 423,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,500.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031617350 MORTGAGORS: OSTER TERRY
OSTER TERESA
REGION CODE ADDRESS : 5519 BROOKMEAD DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90601
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,089.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031617400 MORTGAGORS: KEELING LARRY
KEELING SANDRA
REGION CODE ADDRESS : 772 EAST NORTHRIDGE AVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,629.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.38700
----------------------------------------------------------------
0 0031617434 MORTGAGORS: WILKINSON THOMAS
WILKINSON DIANA
REGION CODE ADDRESS : 26641 CADENAS
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,636.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031617475 MORTGAGORS: BAKER ROBERT
BAKER MARY
REGION CODE ADDRESS : 77 DOVECREST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 296,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,901.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,300.00
P & I AMT: 10,679.10
UPB AMT: 1,531,757.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031617814 MORTGAGORS: GREMINGER DAVID
RADOS SHANNA
REGION CODE ADDRESS : 2292 ELDEN AVENUE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,996.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031617939 MORTGAGORS: WHITE STEPHEN
WHITE MARY
REGION CODE ADDRESS : 54 MADRID PLACE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,010.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031617962 MORTGAGORS: COLESCOTT JACK
REGION CODE ADDRESS : 1319 OAK CREST WAY
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,616.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98110
----------------------------------------------------------------
0 0031618010 MORTGAGORS: LINDOW LAURA
REGION CODE ADDRESS : 2133 DOVER CT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.79400
----------------------------------------------------------------
0 0031618226 MORTGAGORS: TENENBAUM JERRY
TENENBAUM HELEN
REGION CODE ADDRESS : 4111 MONET AVENUE
01 CITY : WOODLAND HILLS (AREA)
STATE/ZIP : CA 91364
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,800.00
P & I AMT: 9,696.00
UPB AMT: 1,388,570.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031618234 MORTGAGORS: LAMBRUSCHINI HUGO
REGION CODE ADDRESS : 1420 CADDINGTON DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,690.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031618655 MORTGAGORS: NICHOLS RUTH
REGION CODE ADDRESS : 24866 DANA POINT DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,320.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031618747 MORTGAGORS: DIETRICH DAVID
DIETRICH MARY
REGION CODE ADDRESS : 24 TREESIDE COURT
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.33300
----------------------------------------------------------------
0 0031618952 MORTGAGORS: SUMMERS LARRY
SUMMERS PATRICIA
REGION CODE ADDRESS : 3549 WESTVIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 447,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,450.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,054.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031619430 MORTGAGORS: LEVIG ANNE
REGION CODE ADDRESS : 16048 SADDLE SUMMIT ROAD
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,300.00
P & I AMT: 10,166.56
UPB AMT: 1,449,072.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031619521 MORTGAGORS: MICHAELS HOWARD
MICHAELS JANE
REGION CODE ADDRESS : 5875 KILLARNEY CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,143.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031619661 MORTGAGORS: GROBE EDWARD
KARNEY RONA
REGION CODE ADDRESS : 5455 LOS MONTEROS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,680.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.13600
----------------------------------------------------------------
0 0031620016 MORTGAGORS: BROOKS JOHN
BROOKS LUCY
REGION CODE ADDRESS : 74 PARK GROTON PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031620024 MORTGAGORS: WILLIAMS SCOTT
WILLIAMS WENDY
REGION CODE ADDRESS : 11758 AVENIDA DEL SOL
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,756.51 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 0031620214 MORTGAGORS: ALEXANDER CHIP
ALEXANDER LAURIE
REGION CODE ADDRESS : 531 VANNIER DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 369,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,776.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,580.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.18200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,050.00
P & I AMT: 11,495.87
UPB AMT: 1,640,939.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031620453 MORTGAGORS: SEVERYN BRENT
SEVERYN LEESA
REGION CODE ADDRESS : 12171 LAMB DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 294,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,976.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031621238 MORTGAGORS: CHEN AN-NAN
CHEN YUH
REGION CODE ADDRESS : 1871 FUMIA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 342,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,132.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98990
----------------------------------------------------------------
0 0031621402 MORTGAGORS: DUNKIN CHARLES
DUNKIN KATHLEEN
REGION CODE ADDRESS : 3311 MARNA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,570.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031621469 MORTGAGORS: CAYABYAB RUCKER FLORAMAE
RUCKER KURT
REGION CODE ADDRESS : 2967 ARCHWOOD CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 211,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,515.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,457.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.62200
----------------------------------------------------------------
0 0031621634 MORTGAGORS: PANASITI DOMINIC
PANASITI DAWNA
REGION CODE ADDRESS : 2445 RIC DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,355.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,992.64 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: 1,571,600.00
P & I AMT: 10,912.78
UPB AMT: 1,569,549.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031621642 MORTGAGORS: BAUTISTA MARIO
BAUTISTA CORAZON
REGION CODE ADDRESS : 32749 SOUTH BELAMI LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 256,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,497.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98655
----------------------------------------------------------------
0 0031621691 MORTGAGORS: HOLMES ADENA
REGION CODE ADDRESS : 3207 ADELAIDE WAY
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,640.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.52500
----------------------------------------------------------------
0 0031621832 MORTGAGORS: RIDDLE LANCE
RIDDLE CHARLENE
REGION CODE ADDRESS : 3200 LEGENDARIO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,479.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.55800
----------------------------------------------------------------
0 0031621857 MORTGAGORS: HURE MICHAEL
HURE V
REGION CODE ADDRESS : 1642 COLINA COURT
01 CITY : SAN LUIS OBISBO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,001.76 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 : 75.00000
----------------------------------------------------------------
0 0031621881 MORTGAGORS: HE ZHENGXU
REGION CODE ADDRESS : 4070 TYNEBOURNE CIRCLE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 81.79100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,900.00
P & I AMT: 9,368.80
UPB AMT: 1,349,190.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031621956 MORTGAGORS: SCOTT JAMES
SCOTT CAROL
REGION CODE ADDRESS : 23010 8TH STREET
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,606.92 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 0031621972 MORTGAGORS: GROSSBACH MITCHELL
GROSSBACH TRACEY
REGION CODE ADDRESS : 4018 CESAR CHAVES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 282,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,879.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.01300
----------------------------------------------------------------
0 0031622012 MORTGAGORS: HORODYSKY ANDRIJ
HORODYSKY DARLENE
REGION CODE ADDRESS : 8110 KENDRA COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,680.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.64700
----------------------------------------------------------------
0 0031622020 MORTGAGORS: DEPRIMA JOSEPH
DEPRIMA SUSAN
REGION CODE ADDRESS : 358 GARDENIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 379,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,820.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,620.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031622038 MORTGAGORS: O'BRIEN ELIZABETH
BOSCH WILLIAM
REGION CODE ADDRESS : 48825 SAUVIGNON COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,207.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.15 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: 1,613,100.00
P & I AMT: 11,244.24
UPB AMT: 1,610,194.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031623044 MORTGAGORS: CAMPBELL PAUL
REGION CODE ADDRESS : 116 EAST EL PORTAL
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031624000 MORTGAGORS: GREEN JAMES
GREEN CATHERINE
REGION CODE ADDRESS : 900 VIA BLAIRO
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,507.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.97300
----------------------------------------------------------------
0 0031624026 MORTGAGORS: SWANN SUSAN
BROWN CLIFTON
REGION CODE ADDRESS : 8161 TANFORAN COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 306,081.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,602.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031624042 MORTGAGORS: SAWYER WILLIAM
HUGG CONSTANCE
REGION CODE ADDRESS : 8209 TANFORAN COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 306,803.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,322.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031624075 MORTGAGORS: SEXTON KEVIN
SEXTON TRACY
REGION CODE ADDRESS : 6888 TERRENO DRIVE
01 CITY : RANCHO MURIETA
STATE/ZIP : CA 95683
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,531.83 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 : 93.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,134.00
P & I AMT: 9,981.86
UPB AMT: 1,434,130.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031624117 MORTGAGORS: EDMONDS MICHAEL
EDMONDS VIVIAN
REGION CODE ADDRESS : 2903 CALLE DE LA MESA
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,180.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.63400
----------------------------------------------------------------
0 0031624349 MORTGAGORS: BENITEZ ARMANDO
REGION CODE ADDRESS : 2120 FITZGERALD AVENUE
01 CITY : COMMERCE
STATE/ZIP : CA 90040
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,945.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 477.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 45.16100
----------------------------------------------------------------
0 0031624661 MORTGAGORS: TADROS HANNY
TADROS SHERINE
REGION CODE ADDRESS : 6165 FAIRFIELD DRIVE
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 454,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,668.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,982.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031624877 MORTGAGORS: GUNTER TIMOTHY
GUNTER ANN
REGION CODE ADDRESS : 4160 SUNNYHILL DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031624992 MORTGAGORS: REAL MICHAEL
REAL PAULA
REGION CODE ADDRESS : 1401 OAK MEADOW ROAD
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,681.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.21900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,050.00
P & I AMT: 11,223.27
UPB AMT: 1,639,225.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031625122 MORTGAGORS: REDDY NEERAJA
REGION CODE ADDRESS : 23007 RIDGE LINE RD
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 421,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,179.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,911.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.67200
----------------------------------------------------------------
0 0031625437 MORTGAGORS: SETLUR GOVINDARAJ
SETLUR HARINI
REGION CODE ADDRESS : 11072 BEL AIRE COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.33500
----------------------------------------------------------------
0 0031625528 MORTGAGORS: PORTER RUSSELL
PORTER DEBORAH
REGION CODE ADDRESS : 1360 TURNSTONE WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.21000
----------------------------------------------------------------
0 0031625544 MORTGAGORS: MONTIEL ALBERT
MONTIEL GUADALUPE
REGION CODE ADDRESS : 3776 EASTWOOD CIRCLE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,668.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031625551 MORTGAGORS: NELSON DAVID
DESMOND MARY
REGION CODE ADDRESS : 846 AVENUE C
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,500.00
P & I AMT: 12,308.03
UPB AMT: 1,740,067.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031625742 MORTGAGORS: OMIDYAR CYRUS
TROJAN OMIDYAR PAULA
REGION CODE ADDRESS : 2 SORA COURT
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031625767 MORTGAGORS: TAKIMOTO GLENN
TAKIMOTO DEBORAH
REGION CODE ADDRESS : 557 SEAHORSE LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.09500
----------------------------------------------------------------
0 0031625775 MORTGAGORS: THOMPSON RODNEY
THOMPSON KATHE
REGION CODE ADDRESS : 4604 MILNE DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031625783 MORTGAGORS: THIGPEN RICHARD
THIGPEN SARA
REGION CODE ADDRESS : 5754 ARLENE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,302.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.21800
----------------------------------------------------------------
0 0031625791 MORTGAGORS: MOYAL GAL
MOYAL EFRAT
REGION CODE ADDRESS : 1101 ANDREA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,807.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.22800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,500.00
P & I AMT: 9,742.79
UPB AMT: 1,391,466.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031625825 MORTGAGORS: DICORPO JEFFREY
ARROYO ADEYMA
REGION CODE ADDRESS : 2705 DEBBIE COURT
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 451,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,622.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,198.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031625841 MORTGAGORS: CONDY MICHAEL
CONDY THERESE
REGION CODE ADDRESS : 4831 CORSO CIRCLE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,572.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031625908 MORTGAGORS: HAWBLITZEL MARK
KELLER MARGARET
REGION CODE ADDRESS : 11180 NEGLEY AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,790.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031626179 MORTGAGORS: BRIDGES TIMOTHY
BRIDGES MICHELLE
REGION CODE ADDRESS : 23371 CAMFORD PLACE
01 CITY : VALENCIA AREA LOS ANGELES
STATE/ZIP : CA 91354
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.22600
----------------------------------------------------------------
0 0031626351 MORTGAGORS: PHILLIPS CLAUDIA
PHILLIPS KENNETH
REGION CODE ADDRESS : 2227 KERNWOOD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 467,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,861.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,306.81 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: 1,825,550.00
P & I AMT: 12,651.77
UPB AMT: 1,821,573.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031626377 MORTGAGORS: MORANGE THEODORE
MORANGE BLANQUITA
REGION CODE ADDRESS : 13201 SILVER SADDLE LANE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,761.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031626385 MORTGAGORS: LOEB BERNARD
REGION CODE ADDRESS : 22440 FRIAR STREET
01 CITY : WOODLAND HILLS AREA LOS A
STATE/ZIP : CA 91367
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.79400
----------------------------------------------------------------
0 0031626393 MORTGAGORS: WILD TIMOTHY
REGION CODE ADDRESS : 2316 RONDA VISTA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.82300
----------------------------------------------------------------
0 0031626419 MORTGAGORS: BRETON MANUEL
BRETON ELISA
REGION CODE ADDRESS : 11302 FOSTER ROAD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,681.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031626898 MORTGAGORS: ARENA ROBERT
REGION CODE ADDRESS : 13354 TERRAZA PLAYA CANCUN
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 348,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,228.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.35800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,500.00
P & I AMT: 11,776.39
UPB AMT: 1,702,939.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031626922 MORTGAGORS: CHIDAMBARAM CHOKKALINGAM
CHIDAMBARAM VISALAKSHI
REGION CODE ADDRESS : 33883 JULIET CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,384.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031627169 MORTGAGORS: CAIRNS NICHOLAS
CAIRNS BELINDA
REGION CODE ADDRESS : 1229 PALOMA AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,744.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031627482 MORTGAGORS: BOLDT JOSEPH
BOLDT MICHELLE
REGION CODE ADDRESS : 229 E. WATMAUGH ROAD
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,763.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.80500
----------------------------------------------------------------
0 0031627557 MORTGAGORS: TIPPETT MARK
REGION CODE ADDRESS : 6477 FRAMPTON CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,740.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.12100
----------------------------------------------------------------
0 0031627664 MORTGAGORS: CHAO HELEN
ATWOOD THOMAS
REGION CODE ADDRESS : 1596 BERENDA
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,318.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,650.00
P & I AMT: 10,146.88
UPB AMT: 1,467,952.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031627672 MORTGAGORS: MOHAMED SALIH
REGION CODE ADDRESS : 3342 HOSTETTER ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,620.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031627680 MORTGAGORS: SMITH FORREST
SMITH CAROL
REGION CODE ADDRESS : 2320 GUERNEVILLE ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,253.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031628100 MORTGAGORS: LIZARRAGA PHILLIPPE
LIZARRAGA DENISE
REGION CODE ADDRESS : 1334 EMERAUDE GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 378,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,914.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,612.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.89100
----------------------------------------------------------------
0 0031628159 MORTGAGORS: BESTE ROBERT
HILL CARLEEN
REGION CODE ADDRESS : 249 26TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,290.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.40000
----------------------------------------------------------------
0 0031628167 MORTGAGORS: MCFERRAN SCOTT
MCFERRAN SUELLEN
REGION CODE ADDRESS : 501 KRISTEN COURT
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 341,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,691.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,050.00
P & I AMT: 10,702.88
UPB AMT: 1,536,769.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031628191 MORTGAGORS: WAGENER HANS
REGION CODE ADDRESS : 4544 MARTSON DRIVE
01 CITY : (ENCINO AREA)LOS ANGELES
STATE/ZIP : CA 91316
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.38000
----------------------------------------------------------------
0 0031628266 MORTGAGORS: FERRIS BARRY
FERRIS BONNIE
REGION CODE ADDRESS : 850 LAURENT STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,728.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.04800
----------------------------------------------------------------
0 0031629157 MORTGAGORS: KEMBLE JOHN
KEMBLE LUANN
REGION CODE ADDRESS : 881 TALBOT DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 242,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,931.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,571.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0031629199 MORTGAGORS: MAGSALIN RAYMUND
EVORA MARIA
REGION CODE ADDRESS : 32781 SOUTH BELAMI LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 286,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,173.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031630171 MORTGAGORS: RODRIGUEZ HORACIO
RODRIGUEZ MARIA
REGION CODE ADDRESS : 2313 LEGGETT LANE
01 CITY : FULLERTON
STATE/ZIP : CA 92833
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,785.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,950.00
P & I AMT: 9,888.61
UPB AMT: 1,441,409.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031630353 MORTGAGORS: RHEUBAN STEVEN
RHEUBAN MARJORIE
REGION CODE ADDRESS : 5942 VISTA DE LA LUZ
01 CITY : WOODLAND HILLS (AREA)
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031630478 MORTGAGORS: SABBARA RAMZY
REGION CODE ADDRESS : 3917 CIELO PLACE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,995.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031630619 MORTGAGORS: JANZEN NAOMI
REGION CODE ADDRESS : 3515 MOUNTAIN VIEW AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,667.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.63600
----------------------------------------------------------------
0 0031631187 MORTGAGORS: WATLINGTON THOMAS
WATLINGTON PATRICIA
REGION CODE ADDRESS : 5234 ALZEDA DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,664.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.70000
----------------------------------------------------------------
0 0031631203 MORTGAGORS: STEPHENS TIMOTHY
STEPHENS SUZANNE
REGION CODE ADDRESS : 5955 WILDFLOWER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 366,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,989.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,815,250.00
P & I AMT: 12,697.91
UPB AMT: 1,813,031.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031631286 MORTGAGORS: WILSON TONI
REGION CODE ADDRESS : 113 TANAGER COURT
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 299,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,512.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031631302 MORTGAGORS: ISAACSON DONALD
REGION CODE ADDRESS : 220 EAST LOMOND STREET
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,413.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031631336 MORTGAGORS: HARDY ROBERT
DE PONTEE FREDERICK
REGION CODE ADDRESS : 2052 SALT AIR DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,666.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,516.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.04500
----------------------------------------------------------------
0 0031631351 MORTGAGORS: CHEUNG LI-FUNG
LEUNG ELIZABETH
REGION CODE ADDRESS : 18651 AMBROSE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 343,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,288.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.58500
----------------------------------------------------------------
0 0031631369 MORTGAGORS: CERRUTI RICHARD
CERRUTI CHARLOTTE
REGION CODE ADDRESS : 31611 PASEO RITA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,397.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 43.82900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,600.00
P & I AMT: 12,247.86
UPB AMT: 1,750,277.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031631377 MORTGAGORS: SHEN BETTY
SHEN NANCY
REGION CODE ADDRESS : 1113 THE DALLES AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,964.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031631385 MORTGAGORS: LOUIE ART
YEE SHIRLEY
REGION CODE ADDRESS : 370 GARDENIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 353,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,660.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,439.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031631401 MORTGAGORS: PHAM NICHOLAS
PHAM YEN
REGION CODE ADDRESS : 2853 RUBY VIEW
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 342,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,276.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031631419 MORTGAGORS: COHEN BRETT
COHEN RACHELLE
REGION CODE ADDRESS : 514 KRISTEN COURT
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 272,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,333.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98760
----------------------------------------------------------------
0 0031631427 MORTGAGORS: MANSFIELD LARRY
MANSFIELD LINDA
REGION CODE ADDRESS : 16780 OAK BURL DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,750.00
P & I AMT: 11,598.77
UPB AMT: 1,682,025.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031631443 MORTGAGORS: RUNNALLS GREG
RUNNALLS DONNA
REGION CODE ADDRESS : 115 BALTUSROL DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,775.53 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 : 69.57500
----------------------------------------------------------------
0 0031631633 MORTGAGORS: BRYNE JASON
SELLMEYER CHRISTINA
REGION CODE ADDRESS : 16533 KINGSBURY STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,878.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,064.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031632060 MORTGAGORS: BENNETT JAMES
REGION CODE ADDRESS : 5565 BLUE RIDGE DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,050.34 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 0031632102 MORTGAGORS: WILSON PATRICK
WILSON SUSAN
REGION CODE ADDRESS : 2514 NORTH COTTAGE DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 332,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,792.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.87900
----------------------------------------------------------------
0 0031632110 MORTGAGORS: ZEIDMAN SCOTT
ZEIDMAN AILEEN
REGION CODE ADDRESS : 10769 WHITBURN STREET
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,043.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,388,800.00
P & I AMT: 9,527.37
UPB AMT: 1,385,540.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632128 MORTGAGORS: MELAMED ROBERT
MELAMED DALIA
REGION CODE ADDRESS : 10583 EASTBORNE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.82700
----------------------------------------------------------------
0 0031632151 MORTGAGORS: GOLDSBY MALCOLM
GOLDSBY MARIBETH
REGION CODE ADDRESS : 18931 SANTA CATHERINE STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,356.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031632359 MORTGAGORS: HO SIU
YIU LANA YUEN
REGION CODE ADDRESS : 1907 FUMIA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 337,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,211.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031632391 MORTGAGORS: POLSON EDWARD
POLSON JANE
REGION CODE ADDRESS : 447 EWING DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,572.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031632557 MORTGAGORS: TYLER DAVID
REGION CODE ADDRESS : 30646 SADDLEBACK ROAD
01 CITY : VALLEY CENTER AREA
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,009.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.91 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: 1,410,350.00
P & I AMT: 9,890.18
UPB AMT: 1,408,692.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632581 MORTGAGORS: ERLIN MICHAEL
ERLIN LEE
REGION CODE ADDRESS : 7630 EAST SANTIAGO CANYON ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92869
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------
0 0031632649 MORTGAGORS: RIVERA JOSE
RIVERA LOURDES
REGION CODE ADDRESS : 1304 SOUTH WILLOW BUD DRIVE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 247,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,402.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.82300
----------------------------------------------------------------
0 0031632722 MORTGAGORS: PARISE JOSEPH
REGION CODE ADDRESS : 11 LIMOGES
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,174.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,952.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031632755 MORTGAGORS: ZHONG BIN
ZHONG HUALIN
REGION CODE ADDRESS : 3658 LANG RANCH PARKWAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 302,360.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,124.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031632789 MORTGAGORS: GUTH JEFFREY
PROCTOR FRANK
REGION CODE ADDRESS : 81 ARGONNE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,601,460.00
P & I AMT: 11,038.41
UPB AMT: 1,600,235.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632797 MORTGAGORS: TOY NANCY
REGION CODE ADDRESS : 3824 MAINSAIL CIRCLE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,707.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,859.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.69200
----------------------------------------------------------------
0 0031632805 MORTGAGORS: SAADAT FARID
REGION CODE ADDRESS : 23829 VIA SEGOVIA
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,061.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.77900
----------------------------------------------------------------
0 0031632813 MORTGAGORS: BROWN THOMAS
BROWN CAROLYN
REGION CODE ADDRESS : 11732 BETLEN DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.95300
----------------------------------------------------------------
0 0031632821 MORTGAGORS: TORRI NELLO
TORRI KATE
REGION CODE ADDRESS : 10608 ROUNTREE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031632912 MORTGAGORS: WILSON CHRISTOPHER
WILSON ALICIA
REGION CODE ADDRESS : 4224 HUNT CLUB LANE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,625.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,398.12 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: 1,797,250.00
P & I AMT: 12,530.16
UPB AMT: 1,795,907.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632938 MORTGAGORS: LILE DELMAR
LILE MONICA
REGION CODE ADDRESS : 1250 CANEDO PLACE
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 260,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,636.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.16900
----------------------------------------------------------------
0 0031632946 MORTGAGORS: SEDLACHEK MICHAEL
SEDLACHEK DEBORAH
REGION CODE ADDRESS : 1524 WEST 15TH STREET
01 CITY : LOS ANGELES (SAN PEDRO AR
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,304.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.02600
----------------------------------------------------------------
0 0031632953 MORTGAGORS: DEVERE MICHAEL
DEVERE DEBBIE
REGION CODE ADDRESS : 5344 LINDA DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,742.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.88200
----------------------------------------------------------------
0 0031632961 MORTGAGORS: ADAMS ALLEN
ADAMS BARBARA
REGION CODE ADDRESS : 6892 MANHATTAN DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,140.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031632979 MORTGAGORS: PEREIRA ADOLPH
PEREIRA KAY
REGION CODE ADDRESS : 15 ELDERWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 238,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,031.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.43700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,950.00
P & I AMT: 9,404.12
UPB AMT: 1,383,855.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632995 MORTGAGORS: CROCKETT JOHN
CROCKETT CARRIE
REGION CODE ADDRESS : 22177 PROSPECT STREET
01 CITY : HAYWARD
STATE/ZIP : CA 94541
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.87100
----------------------------------------------------------------
0 0031633019 MORTGAGORS: UYTHOVEN GREGORY
UYTHOVEN DEENA
REGION CODE ADDRESS : 23212 SAVORY PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,298.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.45000
----------------------------------------------------------------
0 0031633050 MORTGAGORS: SCANLON JOHN
TREAT RICHARD
REGION CODE ADDRESS : 385 FLINT AVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 401,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,709.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.40500
----------------------------------------------------------------
0 0031633126 MORTGAGORS: MILLER DALE
REGION CODE ADDRESS : 125 6TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,669.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,997.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.68400
----------------------------------------------------------------
0 0031633159 MORTGAGORS: SMITH BRETT
SMITH TAMI
REGION CODE ADDRESS : 15 FAIRLANE ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 343,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,438.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.60400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,200.00
P & I AMT: 12,247.60
UPB AMT: 1,747,905.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633191 MORTGAGORS: SARANTOPOULOS PANAYIOTIS
SARANTOPOULOS HELEN
REGION CODE ADDRESS : 20602 EAST PEACH BLOSSOM ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031633456 MORTGAGORS: MULMAT DAVID
MULMAT DARLANNE
REGION CODE ADDRESS : 4587 TARANTELLA LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,426.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031633472 MORTGAGORS: WELLS NEIL
WELLS LORI
REGION CODE ADDRESS : 9122 ALOHA DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,813.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.59000
----------------------------------------------------------------
0 0031633480 MORTGAGORS: STARLER BARBARA
REGION CODE ADDRESS : 18527 BRASILIA DRIVE
01 CITY : NORTHRIDGE AREA LOS ANGEL
STATE/ZIP : CA 91326
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031633506 MORTGAGORS: CLARK JAMES
CLARK CHARLOTTE
REGION CODE ADDRESS : 24661 VIA MELINDA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,820.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.73000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,443,600.00
P & I AMT: 10,227.48
UPB AMT: 1,442,248.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633514 MORTGAGORS: BELLICINI STEPHEN
BELLICINI CHRISTIANA
REGION CODE ADDRESS : 25593 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 385,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,726.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 86.52800
----------------------------------------------------------------
0 0031633571 MORTGAGORS: DANIELS PAMELA
REGION CODE ADDRESS : 211 WEST 19TH STREET #3
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,754.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031633605 MORTGAGORS: MONTALBAN MARK
ZACHARY STEPHANIE
REGION CODE ADDRESS : 13641 CHANDLER BOULEVARD
01 CITY : VAN NUYS
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,327.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.50000
----------------------------------------------------------------
0 0031633688 MORTGAGORS: GOODMAN KENNETH
GOODMAN JOAN
REGION CODE ADDRESS : 4950 EAST CRESCENT DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 35.74400
----------------------------------------------------------------
0 0031633712 MORTGAGORS: ROSITANO WAYNE
ROSITANO MARCELLA
REGION CODE ADDRESS : 23 DROVER COURT
01 CITY : TRABUCO CANYON AREA ORANG
STATE/ZIP : CA 92679
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.03000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,550.00
P & I AMT: 9,771.49
UPB AMT: 1,430,433.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633720 MORTGAGORS: DONLEY WILLIAM
DONLEY KELLY
REGION CODE ADDRESS : 1361 NORTHSTAR LANE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,691.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0031633746 MORTGAGORS: NAIMAN GREGORY
NAIMAN DEBORAH
REGION CODE ADDRESS : 5301 EAST BROADWAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,660.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031633753 MORTGAGORS: SNYDER SETH
SNYDER SUZANNE
REGION CODE ADDRESS : 22936 DOLOROSA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,291.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.65700
----------------------------------------------------------------
0 0031633761 MORTGAGORS: TRAN HENRI
DOAN CHRISTINE
REGION CODE ADDRESS : 10 AVANCE LANE
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,790.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0031633787 MORTGAGORS: FREEDMAN ANDREW
MCVEIGH KAREN
REGION CODE ADDRESS : 8716 SUNSET PLAZA TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,835.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,309.72 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: 1,701,700.00
P & I AMT: 11,757.25
UPB AMT: 1,700,270.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633795 MORTGAGORS: HAUPTMANN RICHARD
HAUPTMANN BEATRIX
REGION CODE ADDRESS : 8378 EAST QUIET CANYON COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.22382
----------------------------------------------------------------
0 0031633878 MORTGAGORS: RUTH EILEEN
RUTH J
REGION CODE ADDRESS : 5949 WILDFLOWER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 362,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,660.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,532.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031633894 MORTGAGORS: DODD KENNETH
DODD CYNTHIA
REGION CODE ADDRESS : 19112 MARTHA AVENUE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 250,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,927.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031633902 MORTGAGORS: COCHRANE THOMAS
COCHRANE STACEY
REGION CODE ADDRESS : 4845 LINARO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,945.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031633944 MORTGAGORS: ECKLES KATHARINE
ROMERO JAVIER
REGION CODE ADDRESS : 1713 LOBELIA LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
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 : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,451,900.00
P & I AMT: 10,149.54
UPB AMT: 1,449,926.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031633951 MORTGAGORS: TAN MANUEL
KONOHANA CHIKAKO
REGION CODE ADDRESS : 48840 SAUVIGNON COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.13400
----------------------------------------------------------------
0 0031633985 MORTGAGORS: SANCHEZ LEO
SANCHEZ LUZ
REGION CODE ADDRESS : 7500 ALVERSTONE AVE
01 CITY : WESTCHESTER
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,589.09 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 : 61.72800
----------------------------------------------------------------
0 0031633993 MORTGAGORS: CHAN BOR
CHAN HOR-MAY
REGION CODE ADDRESS : 540 LOWER VINTNERS CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 454,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,122.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,180.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.37172
----------------------------------------------------------------
0 0031635097 MORTGAGORS: HOOKE ADRIAN
MCKENZIE MERLE
REGION CODE ADDRESS : 29660 ZUMA BAY WAY
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,384.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031635113 MORTGAGORS: MACKWOOD GARY
MACKWOOD SOPHIA
REGION CODE ADDRESS : 8960 CHESTNUT ROAN WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,522.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 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: 1,533,400.00
P & I AMT: 10,687.08
UPB AMT: 1,531,198.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031635121 MORTGAGORS: VILLA JOHN
VILLA SONIA
REGION CODE ADDRESS : 9062 BOBBIE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 291,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,872.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.75300
----------------------------------------------------------------
0 0031635303 MORTGAGORS: STOWE MARTIN
STOWE MARY
REGION CODE ADDRESS : 3550 SITIO BAYA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 335,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,494.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031635824 MORTGAGORS: FERRO RAFAEL
FERRO MARIA
REGION CODE ADDRESS : 3954 FREEDOM BOULEVARD
01 CITY : APTOS
STATE/ZIP : CA 95003
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031636210 MORTGAGORS: NELSON BYRON
NELSON LYNN
REGION CODE ADDRESS : 2517 PACIFIC AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 42.50000
----------------------------------------------------------------
0 0031636228 MORTGAGORS: HOGLUND MARK
REGION CODE ADDRESS : 618 SAINT JAMES PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,708.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.93300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,850.00
P & I AMT: 10,536.42
UPB AMT: 1,536,488.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031636343 MORTGAGORS: BAYLESS GERALD
BAYLESS MARY
REGION CODE ADDRESS : 24776 CABRILLO STREET
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,807.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.67900
----------------------------------------------------------------
0 0031636368 MORTGAGORS: SHIFFMAN ROGER
MALMO JOANNE
REGION CODE ADDRESS : 24653 UPPER TRAIL
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,723.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.85900
----------------------------------------------------------------
0 0031636426 MORTGAGORS: PETERSON JAMES
PETERSON ANDREA
REGION CODE ADDRESS : 84 BUNCE MEADOWS DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 388,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,218.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,749.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031636434 MORTGAGORS: DOVER JAMES
DOVER M
REGION CODE ADDRESS : 458 SWAN DRIVE
01 CITY : BODEGA BAY
STATE/ZIP : CA 94923
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.87300
----------------------------------------------------------------
0 0031636442 MORTGAGORS: HALL JAY
REGION CODE ADDRESS : 3241 PIEDRA LANE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,500.00
P & I AMT: 10,921.50
UPB AMT: 1,567,325.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031636467 MORTGAGORS: FISSEL MARK
FISSEL JILL
REGION CODE ADDRESS : 3726 DEER TRAIL COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 505,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 504,625.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,531.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.69200
----------------------------------------------------------------
0 0031638893 MORTGAGORS: SUTHERLAND KEITH
SUTHERLAND VICKY
REGION CODE ADDRESS : 3023 ARAPAHO STREET
01 CITY : NORCO
STATE/ZIP : CA 91760
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031639032 MORTGAGORS: PALEY ROBERT
REGION CODE ADDRESS : 749 HOLBERTSON COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,805.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.74400
----------------------------------------------------------------
0 0031639149 MORTGAGORS: BISHARA MAGED
REGION CODE ADDRESS : 4761 VIA ALAMEDA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,824.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031639172 MORTGAGORS: YORK ROBERT
REGION CODE ADDRESS : 6 DOVE STREET
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.73300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,000.00
P & I AMT: 10,328.52
UPB AMT: 1,487,876.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031639255 MORTGAGORS: FURNIVAL RONALD
FURNIVAL JULIE
REGION CODE ADDRESS : 10164 MARCHANT AVENUE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,872.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,202.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031639263 MORTGAGORS: FAIRNEY MARK
FAIRNEY JACQUELINE
REGION CODE ADDRESS : 6832 HALIFAX DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031639297 MORTGAGORS: WATKINSON THOMAS
WATKINSON JOANNE
REGION CODE ADDRESS : 18682 JOCKEY CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.12500
----------------------------------------------------------------
0 0031639305 MORTGAGORS: HATANIAN MOUSA
AKHLAGHI SOHEILA
REGION CODE ADDRESS : 333 SOUTH WETHERLY DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.70500
----------------------------------------------------------------
0 0031639321 MORTGAGORS: EASTWOOD DAMIEN
EASTWOOD KAREN
REGION CODE ADDRESS : 1423 BALBOA AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,684.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.12700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,000.00
P & I AMT: 10,780.11
UPB AMT: 1,534,867.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031639339 MORTGAGORS: MORROW BRIAN
REGION CODE ADDRESS : 182 MIDLAND WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.47600
----------------------------------------------------------------
0 0031639347 MORTGAGORS: MELVILLE ARTHUR
UTAIN MARSHA
REGION CODE ADDRESS : 5511 EAST SEASIDE WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,547.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,083.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.77200
----------------------------------------------------------------
0 0031639354 MORTGAGORS: LEE EDWARD
LEE SHARON
REGION CODE ADDRESS : 14461 MUSCADINE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,597.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031639362 MORTGAGORS: LUPERCIO ALFRED
LUPERCIO LISA
REGION CODE ADDRESS : 821 CLEARVIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 368,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,200.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.93900
----------------------------------------------------------------
0 0031639396 MORTGAGORS: FELL LAWRENCE
DOWNING BETTY
REGION CODE ADDRESS : 3765 MYRTLE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,750.49 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: 1,819,550.00
P & I AMT: 12,741.06
UPB AMT: 1,817,876.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031639412 MORTGAGORS: MAYMON HERZEL
MAYMON YEHUDIT
REGION CODE ADDRESS : 3143 FOXTAIL COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,039.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 78.34400
----------------------------------------------------------------
0 0031639453 MORTGAGORS: CHOOLJIAN VIRGINIA
CHOOLJIAN STEVEN
REGION CODE ADDRESS : 395 CAMBRIDGE STREET
01 CITY : CAMBRIA
STATE/ZIP : CA 93428
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
0 0031640279 MORTGAGORS: ALSTON CHRISTOPHER
REGION CODE ADDRESS : 9440 PORTO ROSA DRIVE
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,169.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031640501 MORTGAGORS: CLARK CARTER
CLARK CAROLE
REGION CODE ADDRESS : 35707 BEACH ROAD
01 CITY : CAPISTRANO BEACH
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 542,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 541,607.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,836.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.76400
----------------------------------------------------------------
0 0031640535 MORTGAGORS: HOLMES GORDON
HOLMES MAUREEN
REGION CODE ADDRESS : 18872 J & J LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,799.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.58800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,600.00
P & I AMT: 11,275.37
UPB AMT: 1,605,416.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031641418 MORTGAGORS: YEAGER FRANK
YEAGER LISA
REGION CODE ADDRESS : 22670 INGOMAR STREET
01 CITY : WEST HILLS (AREA)
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 207,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,042.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,431.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031641509 MORTGAGORS: BECK CHRISTOPHER
BECK CHERYL
REGION CODE ADDRESS : 18663 SANTA MARIANA STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 355,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,672.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99056
----------------------------------------------------------------
0 0031641525 MORTGAGORS: GREVIN PHILIPPE
GREVIN KATHERINE
REGION CODE ADDRESS : 343 SOUTH ANISE STREET
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,213.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98155
----------------------------------------------------------------
0 0031641640 MORTGAGORS: FOROUGHI ALI
FOROUGHI FERESHTEH
REGION CODE ADDRESS : 27772 BAHAMONDE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 290,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,023.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031641699 MORTGAGORS: MALMBERG ERIC
CANEPA PATRICIA
REGION CODE ADDRESS : 1866 JENNIFER DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,399.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,400.00
P & I AMT: 9,418.47
UPB AMT: 1,367,350.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031641731 MORTGAGORS: ABELN PAUL
MACIOR PATRICIA
REGION CODE ADDRESS : 566 RANCHITOS DEL SOL
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,295.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.87500
----------------------------------------------------------------
0 0031642051 MORTGAGORS: GONZALEZ JOSE
GONZALEZ SYLVIA
REGION CODE ADDRESS : 332 RAYMOND AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 160,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,178.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,107.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031642085 MORTGAGORS: ROMERO RICARDO
ROMERO ANA
REGION CODE ADDRESS : 238 SOUTH NORTON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,730.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.14200
----------------------------------------------------------------
0 0031642176 MORTGAGORS: ZEIGLER RICHARD
ZEIGLER TRACY
REGION CODE ADDRESS : 17358 PARK CREST CIRCLE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 189,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,869.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,370.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.40900
----------------------------------------------------------------
0 0031642192 MORTGAGORS: RAY CONSTANCE
REGION CODE ADDRESS : 4018 DIXIE CANYON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 259,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,102.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.48700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,201,100.00
P & I AMT: 8,260.23
UPB AMT: 1,200,176.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031642218 MORTGAGORS: STEINBACH JEFFREY
STEINBACH KIMBERLY
REGION CODE ADDRESS : 24120 HARTLAND ST
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 178,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,867.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,244.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.65300
----------------------------------------------------------------
0 0031642242 MORTGAGORS: BEKERDJIAN HOVANES
BEKERDJIAN LINDA
REGION CODE ADDRESS : 11372 BRILL DRIVE
01 CITY : STUDIO CITY AREA LOS ANGE
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,223.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031642259 MORTGAGORS: SHIMOTSU STANLEY
SHIMOTSU JANE
REGION CODE ADDRESS : 11313 ROSE AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.26000
----------------------------------------------------------------
0 0031642309 MORTGAGORS: ROY BIJAN
ROY RITA
REGION CODE ADDRESS : 10481 EL DORADO WAY
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,734.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.78200
----------------------------------------------------------------
0 0031643638 MORTGAGORS: KUSHNER MALCOM
GRIGER CHRISTINE
REGION CODE ADDRESS : 105 LIMESTONE LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 39.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,500.00
P & I AMT: 11,280.05
UPB AMT: 1,601,326.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031643661 MORTGAGORS: KRAFT TODD
KRAFT LYSBETH
REGION CODE ADDRESS : 110 HILLTOP WAY
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031644123 MORTGAGORS: SCARBROUGH DAVID
REGION CODE ADDRESS : 11 PALM BEACH COURT
01 CITY : DANA POINT
STATE/ZIP : CA 92629
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.68800
----------------------------------------------------------------
0 0031644347 MORTGAGORS: RODGERS RODERIC
REGION CODE ADDRESS : 423 CANAL STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,803.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0031644370 MORTGAGORS: NELSON MICHAEL
NELSON SUZETTE
REGION CODE ADDRESS : 11940 CALLE VISTA COURT
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,352.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031644412 MORTGAGORS: WISS CARL
WISS KATHERINE
REGION CODE ADDRESS : 1327 ODDSTAD BOULEVARD
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 265,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,107.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.02900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,900.00
P & I AMT: 9,209.20
UPB AMT: 1,337,871.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031644438 MORTGAGORS: LEE JONATHAN
MOK TRIFFANY
REGION CODE ADDRESS : 2250 ESPERANCA AVENUE
01 CITY : SANTA CLARA,
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 368,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,639.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031644461 MORTGAGORS: CROSBY MICHAEL
BROWN MARSHA
REGION CODE ADDRESS : 3635 CALIFORNIA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031644487 MORTGAGORS: MARRON ANTONY
MARRON ALICIA
REGION CODE ADDRESS : 719 PRIMROSE LANE
01 CITY : BENICIA
STATE/ZIP : CA 94510
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031644545 MORTGAGORS: HURTADO ARMANDO
HURTADO ANGELA
REGION CODE ADDRESS : 3486 AGOSTO STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92154
MORTGAGE AMOUNT : 180,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,378.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,324.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031645039 MORTGAGORS: ZELLER NORMAN
WOO ZELLER KIM
REGION CODE ADDRESS : 1838 SUNDOWNER LANE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,400.00
P & I AMT: 9,416.94
UPB AMT: 1,334,236.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031645054 MORTGAGORS: GLASS JEFFREY
GLASS NADINE
REGION CODE ADDRESS : 28 BARCELONA
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 268,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,896.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.47200
----------------------------------------------------------------
0 0031645096 MORTGAGORS: PHAM HANH
PHAM JULIE
REGION CODE ADDRESS : 17621 RAINGLEN LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,255.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.31200
----------------------------------------------------------------
0 0031645104 MORTGAGORS: GLADDEN RAYMOND
GLADDEN TONIA
REGION CODE ADDRESS : 8445 RHODA AVENUE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031645161 MORTGAGORS: PENNEY HANNIBAL
PENNEY BEVER-LEIGH
REGION CODE ADDRESS : 9404 WAYSIDE DRIVE
01 CITY : SHADOW HILLS AREA
STATE/ZIP : CA 91040
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031647340 MORTGAGORS: JOHNSON ROBERT
REGION CODE ADDRESS : 6882 SILVER BEACH CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,100.00
P & I AMT: 9,905.90
UPB AMT: 1,414,051.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031647357 MORTGAGORS: DABORA DAVID
DABORA ROBYN
REGION CODE ADDRESS : 11 WHITEPLAINS COURT
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,576.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,985.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.93800
----------------------------------------------------------------
0 0031647373 MORTGAGORS: HENDLIN RUSSELL
RICHFIELD HELEN
REGION CODE ADDRESS : 1 TAMARAK ROAD
01 CITY : SAN GERONIMO
STATE/ZIP : CA 94963
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,566.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647464 MORTGAGORS: SMITH PAUL
SMITH GANGA
REGION CODE ADDRESS : 6127 CORSICA CIRCLE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,728.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.83300
----------------------------------------------------------------
0 0031647480 MORTGAGORS: BARRIENTOS MANUEL
BARRIENTOS VILMA
REGION CODE ADDRESS : 558 ABBOT AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94014
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.69500
----------------------------------------------------------------
0 0031647803 MORTGAGORS: BERNSTEIN GARY
CRANE REBECCA
REGION CODE ADDRESS : 3700 GLEN HAVEN ROAD
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,008.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.91 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: 1,711,000.00
P & I AMT: 11,806.02
UPB AMT: 1,709,693.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031647829 MORTGAGORS: YEOMANS MICHAEL
EDWARDS ERIN
REGION CODE ADDRESS : 345 SAINT FRANCIS DRIVE
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647902 MORTGAGORS: NGUYEN LINDA
NGUYEN LISA
REGION CODE ADDRESS : 3311 OAKMONT VIEW DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,655.90 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 : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031647910 MORTGAGORS: VENZON MERLIN
VENZON MARIA
REGION CODE ADDRESS : 1114 HAT CREEK WAY
01 CITY : HAYWARD
STATE/ZIP : CA 94544
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.69500
----------------------------------------------------------------
0 0031648009 MORTGAGORS: CECCHINI ROY
CECCHINI KYLEE
REGION CODE ADDRESS : 157 GREVILLIA DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,292.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.30400
----------------------------------------------------------------
0 0031648033 MORTGAGORS: BEALKOWSKI ROBERT
BEALKOWSKI GIGI
REGION CODE ADDRESS : 1919 FUMIA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 299,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,671.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.66200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,400.00
P & I AMT: 10,679.66
UPB AMT: 1,506,310.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648439 MORTGAGORS: CORREA ELADIO
CORREA ROSALIA
REGION CODE ADDRESS : 18671 SANTA MARIANA STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.97838
----------------------------------------------------------------
0 0031648470 MORTGAGORS: HOUSTON DANIEL
REGION CODE ADDRESS : 435 TIE GULCH ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,730.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,842.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648504 MORTGAGORS: ERICKSON DAVID
ERICKSON KIMBERLY
REGION CODE ADDRESS : 4326 TERRABELLA WAY
01 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,398.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031649619 MORTGAGORS: BRADY SHAWN
BRADY JULIE
REGION CODE ADDRESS : 20835 PASEO ALTO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,509.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.60400
----------------------------------------------------------------
0 0031649627 MORTGAGORS: BRUMBAUGH MARVIN
BRUMBAUGH JANET
REGION CODE ADDRESS : 1920 CAMINO VERA CRUZ
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 232,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,708.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,200.00
P & I AMT: 11,343.76
UPB AMT: 1,638,509.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031649668 MORTGAGORS: OLSON ROBERT
GRANOFF TATIANA
REGION CODE ADDRESS : 440 CHERRY AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.37 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 : 41.23700
----------------------------------------------------------------
0 0031649676 MORTGAGORS: RUSSELL CHRISTOPHER
RUSSELL JAMI
REGION CODE ADDRESS : 24502 SATURNA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,604.07 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 : 87.24100
----------------------------------------------------------------
0 0031649700 MORTGAGORS: DALBERG JON
REGION CODE ADDRESS : 636 N LUCERNE BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 250,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,245.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.55500
----------------------------------------------------------------
0 0031649874 MORTGAGORS: LAUGHLIN EDWARD
LAUGHLIN LAURA
REGION CODE ADDRESS : 19130 PORTOS DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,582.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 34.10400
----------------------------------------------------------------
0 0031649965 MORTGAGORS: MORSE FRANKLIN
MORSE WENDY
REGION CODE ADDRESS : 490 BAY VIEW COURT
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,600.00
P & I AMT: 10,844.62
UPB AMT: 1,546,561.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031650039 MORTGAGORS: KWOK STEVEN
FITZGERALD MARGARET
REGION CODE ADDRESS : 3802 CLEAR RIDGE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070013081 MORTGAGORS: RIPLEY TROY
REGION CODE ADDRESS : 27165 BIG HORN MOUNTAIN WA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 489,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,198.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,257.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.50000
----------------------------------------------------------------
0 0070015409 MORTGAGORS: BAILEY BARBARA
REGION CODE ADDRESS : 7547 WOODROW WILSON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,755.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.89474
----------------------------------------------------------------
0 0070034467 MORTGAGORS: REECE L
REECE MARYANN
REGION CODE ADDRESS : 285 STUYVESANT DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 276,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,966.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.25455
----------------------------------------------------------------
0 0070035688 MORTGAGORS: WINSTON BRUCE
WINSTON ANNETTE
REGION CODE ADDRESS : 10832 LEAVESLEY PLACE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,782.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.13438
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,881,000.00
P & I AMT: 12,944.19
UPB AMT: 1,877,328.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070076542 MORTGAGORS: JOHNSON THOMAS
JOHNSON DEBORAH
REGION CODE ADDRESS : 39575 LAKE DRIVE
01 CITY : BIG BEAR LA
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 471,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,957.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.06977
----------------------------------------------------------------
0 0070077045 MORTGAGORS: LEVINE IRA
LEVINE SANDRA
REGION CODE ADDRESS : 268 SAINT CROIX COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 297,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,873.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.95210
----------------------------------------------------------------
0 0070077490 MORTGAGORS: RETLEWSKI PAUL
REGION CODE ADDRESS : 2946 DEL LOMA DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.51807
----------------------------------------------------------------
0 0070105333 MORTGAGORS: CLAYTON WEATHERFOR
CLAYTON LISA
REGION CODE ADDRESS : 1921 WINDWARD LANE
01 CITY : NEWPORT BEA
STATE/ZIP : CA 92660
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070113006 MORTGAGORS: HAUSER JEFFREY
HAUSER MERRILEE
REGION CODE ADDRESS : 28331 LA PLUMOSA
01 CITY : LAGUNA NIGU
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 230,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,084.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.90508
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,929,000.00
P & I AMT: 13,342.82
UPB AMT: 1,923,208.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070123195 MORTGAGORS: RENNER ROBERT
REGION CODE ADDRESS : 19822 SCENIC BAY LANE
01 CITY : HUNTINGTON
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,399.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.05714
----------------------------------------------------------------
0 0070140306 MORTGAGORS: CALAFATO VITO
CALAFATO PINA
REGION CODE ADDRESS : 5934 MADRA AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 393,310.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,025.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,783.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.18714
----------------------------------------------------------------
0 0070147665 MORTGAGORS: CREER JEFF
CREER DARCI
REGION CODE ADDRESS : 26051 RAVENNA ROAD
01 CITY : MISSION VIE
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,296.29 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 : 87.14286
----------------------------------------------------------------
0 0070165014 MORTGAGORS: LOCKHART GREGORY
REGION CODE ADDRESS : 506 NORTH FRANCISCA
01 CITY : REDONDO BEA
STATE/ZIP : CA 90277
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.01449
----------------------------------------------------------------
0 0070165956 MORTGAGORS: FUJII RAYMOND
FUJII JANICE
REGION CODE ADDRESS : 9344 OAKMORE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,199.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.04124
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,510.00
P & I AMT: 10,147.95
UPB AMT: 1,443,738.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070168638 MORTGAGORS: BURNS ROBERT
REGION CODE ADDRESS : 18371 WHITNEY DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,417.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.82675
----------------------------------------------------------------
0 0070173539 MORTGAGORS: FURST CHARLES
ALVAREZ FURS ARLENE
REGION CODE ADDRESS : 664 LAS CASAS AVENUE
01 CITY : PACIFIC PAL
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 360,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,125.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.03401
----------------------------------------------------------------
0 0070219498 MORTGAGORS: KHURANA ANOOP
KHURANA RITU
REGION CODE ADDRESS : 193 OLD GLORY COURT
01 CITY : Fremont
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,677.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.67000
----------------------------------------------------------------
0 0070235932 MORTGAGORS: PETERSON HAROLD
PETERSON GERALDINE
REGION CODE ADDRESS : 1482 PHANTOM AVENUE
01 CITY : San Jose
STATE/ZIP : CA 95101
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.60000
----------------------------------------------------------------
0 0070246012 MORTGAGORS: ORAVEC PATRICIA
KOVACIK JAMES
REGION CODE ADDRESS : 1127 Telfer Avenue
01 CITY : San Jose
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.50 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 : 89.89000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,727,000.00
P & I AMT: 11,996.43
UPB AMT: 1,725,700.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070255476 MORTGAGORS: DE MAHY BERNARD
DE MAHY PAMELA
REGION CODE ADDRESS : 13691 GERSHON PLACE
01 CITY : Santa Ana
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,743.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.33000
----------------------------------------------------------------
0 0070257258 MORTGAGORS: MCGILL JOHN
MCGILL BESS
REGION CODE ADDRESS : 1050 PEPPERTREE PLACE
01 CITY : Livermore
STATE/ZIP : CA 94550
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070259163 MORTGAGORS: MARTINI JOHN
MARTINI GEBRIEL
REGION CODE ADDRESS : 204 TERRAMAR
01 CITY : San Clemente
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 377,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,305.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,575.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070259254 MORTGAGORS: BALAKER VICTOR
BALAKER ANGELA
REGION CODE ADDRESS : 3811 ALDER AVENUE
01 CITY : Carlsbad
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,579.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.88000
----------------------------------------------------------------
0 0070260989 MORTGAGORS: WOLFE THADDEUS
WOLFE BIN
REGION CODE ADDRESS : 2471 LANTERMAN
01 CITY : Los Angeles
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,699.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.18 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: 1,623,600.00
P & I AMT: 11,384.05
UPB AMT: 1,622,098.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123B 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070266952 MORTGAGORS: DANIEL CHRIS
DANIEL HOLLY
REGION CODE ADDRESS : 1259 RIESLING CIRCLE
01 CITY : Livermore
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,790.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.96000
----------------------------------------------------------------
0 0070270715 MORTGAGORS: WAGECK DONALD
WAGECK ELIZABETH
REGION CODE ADDRESS : 1645 WHIPPORWILL
01 CITY : Livermore
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 249,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,369.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070277363 MORTGAGORS: MOONEY DALE
MOONEY NANCY
REGION CODE ADDRESS : 6388 ALMADEN ROAD
01 CITY : San Jose
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,772.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 3
LOAN AMT: 789,550.00
P & I AMT: 5,382.92
UPB AMT: 788,932.45
0 TOTAL NUM OF LOANS: 623
LOAN AMT: 200,522,856.20
P & I AMT: 1,396,890.43
UPB AMT: 200,222,314.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007663776 MORTGAGORS: TEVEROW JOSHUA
TEVEROW CHERYL
REGION CODE ADDRESS : 38 NEWTON AVENUE
01 CITY : NARRAGANSETT
STATE/ZIP : RI 02882
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,326.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,391.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/08
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.63909
----------------------------------------------------------------
0 0007673130 MORTGAGORS: CAMP RONALD
CAMP BETH
REGION CODE ADDRESS : 568 ACORN TRAIL
01 CITY : HORTON
STATE/ZIP : MI 49246
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,115.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 634.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.35971
----------------------------------------------------------------
0 0007678030 MORTGAGORS: DEVINE JAMES
DEVINE PATRICIA
REGION CODE ADDRESS : 7 HONEYSUCKLE COURT
01 CITY : HOLMDEL
STATE/ZIP : NJ 07733
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,976.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,633.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/12
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 38.96103
----------------------------------------------------------------
0 0007678048 MORTGAGORS: GANNON MICHAEL
GANNON SARABETH
REGION CODE ADDRESS : 33280 RIDGEWOOD DRIVE
01 CITY : LEBANON
STATE/ZIP : MO 65536
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,682.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 74.74048
----------------------------------------------------------------
0 0007678055 MORTGAGORS: HUBER CHESTER
HUBER BARBARA
REGION CODE ADDRESS : 275 VOLTAIRE PLACE
01 CITY : GROSSE POINTE
STATE/ZIP : MI 48236
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,002.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,011.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 38.28571
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,000.00
P & I AMT: 12,552.73
UPB AMT: 1,234,103.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007678063 MORTGAGORS: BRENT PAUL
BRENT CLAUDIA
REGION CODE ADDRESS : 3461 MOCERI CT
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,289.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.52735
----------------------------------------------------------------
0 0007678071 MORTGAGORS: MOURAS DENNIS
MOURAS JANET
REGION CODE ADDRESS : 1 GREAT WOODS LANE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,024.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,138.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007678089 MORTGAGORS: KEMP LOUIS
KEMP JANICE
REGION CODE ADDRESS : 516 MORNING GLORY CT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,384.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.77777
----------------------------------------------------------------
0 0007678097 MORTGAGORS: LESSARD RICHARD
LESSARD NOREEN
REGION CODE ADDRESS : 5015 ROSEWOOD LAKE DRIVE
01 CITY : CUMMING
STATE/ZIP : GA 30130
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,411.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0007678105 MORTGAGORS: FOWLER STANLEY
FOWLER ANN
REGION CODE ADDRESS : 4454 KLAIS DRIVE
01 CITY : CLARKSTON
STATE/ZIP : MI 48346
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,372.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.57958
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,613,900.00
P & I AMT: 14,445.32
UPB AMT: 1,524,482.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007678113 MORTGAGORS: DYTEWSKI ROBERT
DYTEWSKI KARLI
REGION CODE ADDRESS : 715 NORTH IRENA AVE B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,309.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.22222
----------------------------------------------------------------
0 0007678121 MORTGAGORS: KITKOWSKI JAMES
KITKOWSKI SHARON
REGION CODE ADDRESS : 101 COLLINSON DRIVE
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,434.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/12
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.84615
----------------------------------------------------------------
0 0007678139 MORTGAGORS: LANE ROBERT
LANE BETTY
REGION CODE ADDRESS : 115 DEER VALLEY DRIVE
01 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,885.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/12
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007678154 MORTGAGORS: TURNER ERIC
TURNER JAMIE
REGION CODE ADDRESS : 986 ELMSMERE
01 CITY : NORTHVILLE
STATE/ZIP : MI 48167
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,650.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.93406
----------------------------------------------------------------
0 0007678162 MORTGAGORS: BICKIMER GISELA
BICKIMER BRYAN
REGION CODE ADDRESS : 2041 STONEBRIDGE WAY
01 CITY : CANTON
STATE/ZIP : MI 48187
MORTGAGE AMOUNT : 213,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,131.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.21550
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,800.00
P & I AMT: 11,013.12
UPB AMT: 1,161,411.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007678170 MORTGAGORS: PARKER RICKIE
KLEIMAN CINDY
REGION CODE ADDRESS : 4659 ISLAND PARK DR
01 CITY : WATERFORD
STATE/ZIP : MI 48329
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,908.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007678188 MORTGAGORS: CHAO JOSEPH
CHAO JANICE
REGION CODE ADDRESS : 4951 CRESTONE WAY
01 CITY : ROCHESTER
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,510.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,738.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.17543
----------------------------------------------------------------
0 0007678196 MORTGAGORS: MIDGLEY MAUREEN
MIDGLEY STEPHEN
REGION CODE ADDRESS : 1212 CREEKVIEW
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,279.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.76744
----------------------------------------------------------------
0 0007678204 MORTGAGORS: CRAIG JEFFREY
CRAIG JILL
REGION CODE ADDRESS : 9830 LAKEWOOD
01 CITY : GROSSE ILE
STATE/ZIP : MI 48128
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,777.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.37837
----------------------------------------------------------------
0 0007678220 MORTGAGORS: SHAH TULIP
SHAH CHONG-AE
REGION CODE ADDRESS : 23860 BROADMOOR PARK LANE
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,235.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.84032
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,000.00
P & I AMT: 13,187.45
UPB AMT: 1,413,710.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007678246 MORTGAGORS: BOYD DENNIS
BOYD CHERYL
REGION CODE ADDRESS : 9811 N NEWBURY
01 CITY : OWASSO
STATE/ZIP : OK 74055
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,447.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,269.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.77777
----------------------------------------------------------------
0 0007678253 MORTGAGORS: HO SHU
CHIAO SUPING
REGION CODE ADDRESS : 103 STANLEY COURT
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,627.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.65899
----------------------------------------------------------------
0 0007678261 MORTGAGORS: HAMMOND JANET
REGION CODE ADDRESS : 1122 BURNING TREE DRIVE
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27516
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,640.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007678279 MORTGAGORS: BENOIT BARRY
SCHAEFER ANNA
REGION CODE ADDRESS : 240 LANDINGS BLVD
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,094.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007678287 MORTGAGORS: FOSTER ROBERT
FOSTER MARGARET
REGION CODE ADDRESS : 1166 ROCK VALLEY DRIVE
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,282.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,404,800.00
P & I AMT: 12,656.77
UPB AMT: 1,374,091.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007678295 MORTGAGORS: THOMPSON ELLIOTT
THOMPSON CHERYL
REGION CODE ADDRESS : 3716 SLEEPY FOX
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48309
MORTGAGE AMOUNT : 373,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,561.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,276.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 01/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99820
----------------------------------------------------------------
0 0007678303 MORTGAGORS: BROOKS JOHN
REGION CODE ADDRESS : 1328 LAKEPARK
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,667.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,457.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007678311 MORTGAGORS: GANN THOMAS
GANN MARY
REGION CODE ADDRESS : 2117 CLINTON VIEW CIRCLE
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,110.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,351.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 70.12987
----------------------------------------------------------------
0 0007681588 MORTGAGORS: MINEAR JULIE
MINEAR RICHARD
REGION CODE ADDRESS : 223 PINELAND ROAD NW
02 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,993.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.97000
----------------------------------------------------------------
0 0007681596 MORTGAGORS: HARRISON SCOTT
HARRISON HELENE
REGION CODE ADDRESS : 32 OLD MILL ROAD
02 CITY : WEST HARRISON
STATE/ZIP : NY 10604
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,018.55 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 : 44.13700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,639,650.00
P & I AMT: 14,688.87
UPB AMT: 1,613,352.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681612 MORTGAGORS: TRENT JUDY
REGION CODE ADDRESS : 9724 CAMDEN HILLS DRIVE
02 CITY : LAS VEGAS
STATE/ZIP : NV 89134
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,723.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,716.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007681620 MORTGAGORS: DANAKAS GEORGE
CORIGLIANO MARIA
REGION CODE ADDRESS : 44 SOUTH WOODSIDE LANE
02 CITY : AMHERST
STATE/ZIP : NY 14221
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,657.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,212.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.60900
----------------------------------------------------------------
0 0007681638 MORTGAGORS: GILBERT JOEL
GILBERT SUSAN
REGION CODE ADDRESS : 1347 SILVER HILL ROAD
02 CITY : STONE MOUNTAIN
STATE/ZIP : GA 30087
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,133.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/08
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 62.56400
----------------------------------------------------------------
0 0007681646 MORTGAGORS: ST.CHARLES CHRISTOPHER
ST.CHARLES LISA
REGION CODE ADDRESS : 110 SIGNAL POINT TRAIL
02 CITY : SIGNAL MTN
STATE/ZIP : TN 37377
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,869.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 42.70200
----------------------------------------------------------------
0 0007681653 MORTGAGORS: DEANS JOHN
DEANS BARBARA
REGION CODE ADDRESS : 1110 WOODLAND DRIVE
02 CITY : WILSON
STATE/ZIP : NC 27893
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,835.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,494.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.33500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,932,200.00
P & I AMT: 18,160.88
UPB AMT: 1,901,220.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681661 MORTGAGORS: MAST RALPH
REGION CODE ADDRESS : 1530 6TH STREET NW
02 CITY : HICKORY
STATE/ZIP : NC 28601
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,329.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007681679 MORTGAGORS: AUGUSTA PETER
AUGUSTA ARLENE
REGION CODE ADDRESS : 511 SEDGEWOOD LAKE DR
02 CITY : CHARLOTTE
STATE/ZIP : NC 28211
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,028.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0007681687 MORTGAGORS: SMALL KATHLEEN
DURANT MICHAEL
REGION CODE ADDRESS : 437 CAMILLE CIRCLE #15
02 CITY : SAN JOSE
STATE/ZIP : CA 95134
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,463.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 70.87900
----------------------------------------------------------------
0 0007681695 MORTGAGORS: SAMPSON GREGORY
SAMPSON LISA
REGION CODE ADDRESS : 772 DACULA ROAD
02 CITY : DACULA
STATE/ZIP : GA 30019
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,060.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007681703 MORTGAGORS: BASCOMB STUART
BASCOMB PHYLLIS
REGION CODE ADDRESS : 13310 KINGS GLEN DRIVE
02 CITY : TOWN AND COUNTRY
STATE/ZIP : MO 63131
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,964.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.90600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,000.00
P & I AMT: 13,119.37
UPB AMT: 1,456,846.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681711 MORTGAGORS: REGISTER C
REGION CODE ADDRESS : 3320 BLACKBURN ST
02 CITY : DALLAS
STATE/ZIP : TX 75204
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,039.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,633.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007681729 MORTGAGORS: BROWN LYNN
BROWN LAURA
REGION CODE ADDRESS : 1058 ENGLEWOOD DR
02 CITY : WINSTON-SALEM
STATE/ZIP : NC 27106
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,299.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.05400
----------------------------------------------------------------
0 0007681737 MORTGAGORS: SCHWARTZ EDMUND
SCHWARTZ CLAUDIA
REGION CODE ADDRESS : 8410 LAZY OAKS CT
02 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,278.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 30.62300
----------------------------------------------------------------
0 0007681745 MORTGAGORS: SANDERS STEVEN
WEITZMAN BRUCE
REGION CODE ADDRESS : 643 FERDINAND AVENUE
02 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,050.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.85700
----------------------------------------------------------------
0 0007681752 MORTGAGORS: WATSON DAVID
WATSON LUCI
REGION CODE ADDRESS : 15 HICKORY LANE
02 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,960.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,007.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 50.27300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,000.00
P & I AMT: 14,070.24
UPB AMT: 1,568,628.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681760 MORTGAGORS: DIBONA JOYCE
REGION CODE ADDRESS : 145 ST. BOTOLPH STREET UNIT 21
02 CITY : BOSTON
STATE/ZIP : MA 02115
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,927.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007681778 MORTGAGORS: COLN DALE
COLN SHIRLEY
REGION CODE ADDRESS : 20 TREEHAVEN LANE
02 CITY : AUSTIN
STATE/ZIP : TX 78738
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,928.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,532.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.60700
----------------------------------------------------------------
0 0007681786 MORTGAGORS: SHIELDS ROBERT
REGION CODE ADDRESS : 4117 ORCHARD LAKE CT
02 CITY : ATLANTA
STATE/ZIP : GA 30339
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,456.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,564.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0007681794 MORTGAGORS: NAKHLE MOSES
REGION CODE ADDRESS : RT 601 DUDLEY AMOS RD
02 CITY : MONETA
STATE/ZIP : VA 24121
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,085.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,702.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.89700
----------------------------------------------------------------
0 0007681802 MORTGAGORS: MOON KENT
MOON CONNIE
REGION CODE ADDRESS : 15974 RANCH HOUSE ROAD
02 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,060.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,722,000.00
P & I AMT: 15,624.39
UPB AMT: 1,711,458.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681810 MORTGAGORS: BESHAY TONY
BESHAY EMILY
REGION CODE ADDRESS : 114 RIVER FOREST LN
02 CITY : GREENVILLE
STATE/ZIP : SC 29615
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,234.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007681828 MORTGAGORS: HIGGINS GARY
HIGGINS DOROTHY
REGION CODE ADDRESS : 1316 ROYAL DEVON DR
02 CITY : MYRTLE BEACH
STATE/ZIP : SC 29575
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 : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.79600
----------------------------------------------------------------
0 0007681836 MORTGAGORS: MARKS WALTER
MARKS LORRAINE
REGION CODE ADDRESS : 70 EVERGREEN DRIVE
02 CITY : SEDONA
STATE/ZIP : AZ 86336
MORTGAGE AMOUNT : 633,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,271.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,824.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.61100
----------------------------------------------------------------
0 0007681844 MORTGAGORS: MCAGHON ANDREW
CROUSE SUSAN
REGION CODE ADDRESS : 14 SUTTON LANE
02 CITY : NOVATO
STATE/ZIP : CA 94945
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 : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0007681851 MORTGAGORS: BENGTSON GARY
BENGTSON BARBARA
REGION CODE ADDRESS : 28442 CALLE PINON
02 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,683.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,351.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,879,150.00
P & I AMT: 17,114.78
UPB AMT: 1,868,405.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681869 MORTGAGORS: SMITH AL
SMITH JANET
REGION CODE ADDRESS : 493 BING CROSBY BLVD
02 CITY : ADVANCE
STATE/ZIP : NC 27006
MORTGAGE AMOUNT : 369,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,533.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,298.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.22302
----------------------------------------------------------------
0 0007681877 MORTGAGORS: FRIED BRYAN
FRIED CYNTHIA
REGION CODE ADDRESS : 30750 GANADO DRIVE
02 CITY : RANCHO PALO VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,645.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,282.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.13200
----------------------------------------------------------------
0 0007681885 MORTGAGORS: VORA MILAN
SURA URVASHI
REGION CODE ADDRESS : 840 PENINSULA AVENUE
02 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,831.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,887.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.21100
----------------------------------------------------------------
0 0007681893 MORTGAGORS: CANNING DENNIS
CANNING LINDA
REGION CODE ADDRESS : 55 ELIZABETH CIRCLE
02 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,903.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,564.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0007681901 MORTGAGORS: BARTESCH HEINZ
BARTESCH JANE
REGION CODE ADDRESS : 16 REGINA WAY
02 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,483.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.07200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,222,800.00
P & I AMT: 20,090.42
UPB AMT: 2,206,398.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681919 MORTGAGORS: JOZWIK PETER
JOZWIK VIRGINIA
REGION CODE ADDRESS : 20 DUTCH VALLEY LANE
02 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,903.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,564.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0007681927 MORTGAGORS: MUNDT KEVIN
MUNDT JAYNE
REGION CODE ADDRESS : 215 SANDY POND ROAD
02 CITY : LINCOLN
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 547,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,311.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,993.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.72700
----------------------------------------------------------------
0 0007681935 MORTGAGORS: INGRAHAM C.
REGION CODE ADDRESS : 4525 CRESTWICKE PT
02 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,021.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.66200
----------------------------------------------------------------
0 0007681950 MORTGAGORS: FRANCO RICHARD
FRANCO DIANNE
REGION CODE ADDRESS : 7229 MANOR OAKS DRIVE
02 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 253,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,191.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 38.97600
----------------------------------------------------------------
0 0007681968 MORTGAGORS: MERRITT KENNETH
MERRITT THERESA
REGION CODE ADDRESS : 239 HAWTHORN DRIVE
02 CITY : HENDERSONVILLE
STATE/ZIP : NC 28791
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,093.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,440.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 89.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,888,350.00
P & I AMT: 17,026.81
UPB AMT: 1,878,521.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007681976 MORTGAGORS: FARRELL SUSAN
FARRELL EDWIN
REGION CODE ADDRESS : 622 WILLOUGHBY BLVD
02 CITY : GREENSBORO
STATE/ZIP : NC 27408
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,147.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007681984 MORTGAGORS: KANSAGRA PRAVIN
KANSAGRA SAGUNA
REGION CODE ADDRESS : 1092 SOUTH TAYLOR COURT
02 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,413.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,539.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0007681992 MORTGAGORS: WERSINGER THIERRY
WERSINGER TANYA
REGION CODE ADDRESS : 208 TERRA WOODS LANE
02 CITY : GREENVILLE
STATE/ZIP : SC 29615
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,161.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682008 MORTGAGORS: SCOTT HARRY
SCOTT MARGARET
REGION CODE ADDRESS : 9 DEER RUN LANE
02 CITY : HILTON HEAD INSLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,840.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682016 MORTGAGORS: CATES HUGH
CATES JUDITH
REGION CODE ADDRESS : 105 KNOLLVIEW COURT
02 CITY : JAMESTOWN
STATE/ZIP : NC 27282
MORTGAGE AMOUNT : 323,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,490.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,930.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.87600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,500.00
P & I AMT: 13,389.65
UPB AMT: 1,493,053.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682024 MORTGAGORS: HANKINS J.
HANKINS JUDITH
REGION CODE ADDRESS : 4209 EMERALD DRIVE
02 CITY : MURFREESBORO
STATE/ZIP : TN 37130
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,689.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0007682032 MORTGAGORS: BUTLER EDWARD
EMORY REBECCA
REGION CODE ADDRESS : 4109 BRIGADE TRAIL
02 CITY : KENNESAW
STATE/ZIP : GA 30152
MORTGAGE AMOUNT : 286,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,837.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,499.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 70.83900
----------------------------------------------------------------
0 0007682040 MORTGAGORS: KARETA KENNETH
KARETA CHRISTINE
REGION CODE ADDRESS : 4621 GULF OF MEXICO DRIVE #9C
02 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,879.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682057 MORTGAGORS: MAGISTRO PHILIP
MAGISTRO NANCY
REGION CODE ADDRESS : 20561 FORTUNA DEL SUR
02 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,106.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0007682065 MORTGAGORS: MOWER VAUGHN
MOWER EVELYN
REGION CODE ADDRESS : 1351 EAST CANYON CREEK DRIVE
02 CITY : BOUNTIFUL
STATE/ZIP : UT 84010
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,009.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,822.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.49500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,385,000.00
P & I AMT: 12,403.50
UPB AMT: 1,376,522.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682073 MORTGAGORS: PRATT JAMES
PRATT KARLA
REGION CODE ADDRESS : 6517 153RD PLACE SOUTHEAST
02 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,925.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.47100
----------------------------------------------------------------
0 0007682081 MORTGAGORS: GANDARIAS GEORGE
BLANCO LILIA
REGION CODE ADDRESS : 811 PARMA AVENUE
02 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,012.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,921.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682099 MORTGAGORS: ROYSTER CARROLL
ROYSTER PAULA
REGION CODE ADDRESS : 3200 NORTH ROCKINGHAM ROAD
02 CITY : GREENSBORO
STATE/ZIP : NC 27407
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,242.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,444.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/08
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 58.25200
----------------------------------------------------------------
0 0007682115 MORTGAGORS: HUQ SHIHAB
DUBIN ELIZABETH
REGION CODE ADDRESS : 4564 ELDER AVENUE
02 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,413.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,269.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.86700
----------------------------------------------------------------
0 0007682123 MORTGAGORS: MICHIENZIE PAUL
MICHIENZIE DEBORAH
REGION CODE ADDRESS : 9 MITCHELL DRIVE
02 CITY : FOXBORO
STATE/ZIP : MA 02035
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,203.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.68750
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,900.00
P & I AMT: 14,240.20
UPB AMT: 1,479,796.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682149 MORTGAGORS: GARRISON ROBERT
GARRISON ROSITA
REGION CODE ADDRESS : 951 SPRINGFIELD DRIVE
02 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,953.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.77700
----------------------------------------------------------------
0 0007682156 MORTGAGORS: WANGSNES KRAIG
REGION CODE ADDRESS : 3415 WALTON WAY
02 CITY : AUGUSTA
STATE/ZIP : GA 30909
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,790.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,318.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007682164 MORTGAGORS: ESHELMAN THOMAS
ESHELMAN MARY
REGION CODE ADDRESS : 3909 LEWIS P OLDS WYND
02 CITY : RALEIGH
STATE/ZIP : NC 27612
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 : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
0 0007682172 MORTGAGORS: GINSBURG SANDRA
GINSBURG SELWYN
REGION CODE ADDRESS : 17038 ADDISON STREET
02 CITY : (ENCINO AREA) LOS ANGELES
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 345,440.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,338.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,080.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682180 MORTGAGORS: DUCKWORTH TROY
REGION CODE ADDRESS : 3491 STALLINGS ISLAND RD
02 CITY : MARTINEZ
STATE/ZIP : GA 30907
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,097.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.71200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,989,440.00
P & I AMT: 17,905.22
UPB AMT: 1,983,173.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682198 MORTGAGORS: ROZETT MARLENE
REGION CODE ADDRESS : 4700 DISCOVERY POINT
02 CITY : DISCOVERY BAY
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,772.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.93100
----------------------------------------------------------------
0 0007682206 MORTGAGORS: ROBINSON THOMAS
ROBINSON JOCELYN
REGION CODE ADDRESS : 2835 SANDHURST AVENUE
02 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,204.19 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 : 72.85700
----------------------------------------------------------------
0 0007682214 MORTGAGORS: LEONG LOUIS
MAK ELENA
REGION CODE ADDRESS : 55 LA PRENDA AVENUE
02 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,966.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,966.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.01000
----------------------------------------------------------------
0 0007682222 MORTGAGORS: BROKAW GERALD
BROKAW JACQULYN
REGION CODE ADDRESS : 25 STATE ST
02 CITY : CHARLESTON
STATE/ZIP : SC 29401
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,226.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,867.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 56.70100
----------------------------------------------------------------
0 0007682230 MORTGAGORS: PARODI DANNY
FOLKS LYNAE
REGION CODE ADDRESS : 13 IRIS LANE
02 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,042.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,628.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 58.23500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,000.00
P & I AMT: 15,172.34
UPB AMT: 1,686,213.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682248 MORTGAGORS: SHIRLEY SHARON
REGION CODE ADDRESS : 3131 SLATON DR UNIT #21
02 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,562.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,412.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682255 MORTGAGORS: WILLIAMS LARRY
WILLIAMS DEBORAH
REGION CODE ADDRESS : 6832 IRON OAK DRIVE
02 CITY : BAKERSFIELD
STATE/ZIP : CA 93312
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,948.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.61200
----------------------------------------------------------------
0 0007682263 MORTGAGORS: MORGAN STEPHEN
MORGAN LINDA
REGION CODE ADDRESS : 5289 RIO GRANDE DRIVE
02 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 279,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,828.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 73.04100
----------------------------------------------------------------
0 0007682271 MORTGAGORS: NIEVES NESTOR
NIEVES WANDA
REGION CODE ADDRESS : 618 WEST LAKE CIRCLE
02 CITY : MARTINEZ
STATE/ZIP : GA 30907
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,132.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,930.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007682289 MORTGAGORS: FOOTE JAMES
SIMPSON NANNETTE
REGION CODE ADDRESS : 20346 CLIFDEN WAY
02 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,929.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,107.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.97800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,762,950.00
P & I AMT: 15,880.45
UPB AMT: 1,751,401.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682297 MORTGAGORS: NOBARI FARHAD
REGION CODE ADDRESS : 152 STRATFORD NORTH
02 CITY : ROSLYN HEIGHTS
STATE/ZIP : NY 11577
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,185.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 81.52500
----------------------------------------------------------------
0 0007682305 MORTGAGORS: WALSH FRANCIS
WALSH BARBARA
REGION CODE ADDRESS : 12 RED BIRD TRAIL
02 CITY : OLD SAYBROOK
STATE/ZIP : CT 06475
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 578,130.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,132.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.87900
----------------------------------------------------------------
0 0007682313 MORTGAGORS: REED DIANNE
REGION CODE ADDRESS : 4107 ALPINE ROAD
02 CITY : PORTOLA VALLEY
STATE/ZIP : CA 94028
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,519.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,224.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 44.09000
----------------------------------------------------------------
0 0007682339 MORTGAGORS: MORRIS PETER
MORRIS LAURA
REGION CODE ADDRESS : 201 PROSPECT ROAD
02 CITY : CENTERPORT
STATE/ZIP : NY 11721
MORTGAGE AMOUNT : 377,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,382.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.94200
----------------------------------------------------------------
0 0007682347 MORTGAGORS: LUFKIN DANIEL
BOUBA JANICE
REGION CODE ADDRESS : 36743 MONTECITO DRIVE
02 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,110.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,351.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 67.16400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,953,100.00
P & I AMT: 17,195.68
UPB AMT: 1,943,327.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682354 MORTGAGORS: CUSHING R
CUSHING ALISON
REGION CODE ADDRESS : 696 COMMERCIAL STREET
02 CITY : WEYMOUTH
STATE/ZIP : MA 02189
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,296.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.45600
----------------------------------------------------------------
0 0007682362 MORTGAGORS: WIELE RANDALL
WIELE JANIS
REGION CODE ADDRESS : 15600 CUSTER TRAIL
02 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,335.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0007682370 MORTGAGORS: FULLER JON
REGION CODE ADDRESS : 291 CORBETT AVENUE
02 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,221.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.07300
----------------------------------------------------------------
0 0007682396 MORTGAGORS: ATWAL RAVINDER
ATWAL MANDEEP
REGION CODE ADDRESS : 1907 CAPE HATTERAS WAY
02 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,999.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,053.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/08
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.01700
----------------------------------------------------------------
0 0007682404 MORTGAGORS: YEP KENT
YEP PATRICIA
REGION CODE ADDRESS : 3884 GLENEAGLES DR
02 CITY : STOCKTON
STATE/ZIP : CA 95219
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,100.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 59.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,500.00
P & I AMT: 12,300.20
UPB AMT: 1,292,953.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682412 MORTGAGORS: BERGHOLTZ STEVEN
BERGHOLTZ KATHERINE
REGION CODE ADDRESS : 40 WILLIAM FAIRFIELD DRIVE
02 CITY : WENHAM
STATE/ZIP : MA 01984
MORTGAGE AMOUNT : 452,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,838.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,096.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007682420 MORTGAGORS: FORSYTHE BRENT
FORSYTHE KATHLEEN
REGION CODE ADDRESS : 1762 AUSTIN AVE
02 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,581.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,819.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 62.14200
----------------------------------------------------------------
0 0007682446 MORTGAGORS: BLEVANS ROBERT
BLEVANS JENNIFER
REGION CODE ADDRESS : 1886 HERITAGE WAY
02 CITY : YOUNTVILLE
STATE/ZIP : CA 94599
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,923.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,125.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007682461 MORTGAGORS: LINDENMAYER WARD
LINDENMAYER ELAINE
REGION CODE ADDRESS : 40 HIGHLAND AVENUE
02 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,299.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,936.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.89000
----------------------------------------------------------------
0 0007682479 MORTGAGORS: DORF JULIE
JENKINS RHESA
REGION CODE ADDRESS : 2976-2978 FOLSOM ST
02 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,478.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,980.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.46800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,103,750.00
P & I AMT: 18,958.32
UPB AMT: 2,096,120.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682487 MORTGAGORS: BROOKS DONNA
CONHEIM CATHERINE
REGION CODE ADDRESS : 2718 AZALEA AVENUE
02 CITY : JULIAN
STATE/ZIP : CA 92036
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,022.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682495 MORTGAGORS: CHESTNUT THOMAS
CHESTNUT WENDY
REGION CODE ADDRESS : 12342 E BARRY BAKER PLACE
02 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,732.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.13300
----------------------------------------------------------------
0 0007682503 MORTGAGORS: CABINIAN ANTONIO
CABINIAN CATHERINE
REGION CODE ADDRESS : 284 BONITA CANYON DRIVE
02 CITY : CHULA VISTA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,749.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,423.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682511 MORTGAGORS: MILLER H.
MILLER CAROL
REGION CODE ADDRESS : 651 SILVER LAKE DRIVE
02 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,684.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682529 MORTGAGORS: LAMMI EDWARD
LAMMI FELICE
REGION CODE ADDRESS : 4936 HILLARD AVE
02 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 386,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,018.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,444.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,750.00
P & I AMT: 13,113.02
UPB AMT: 1,445,207.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682537 MORTGAGORS: BENSON RONALD
BENSON FRANCES
REGION CODE ADDRESS : 272 POMONA AVE
02 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,043.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0007682545 MORTGAGORS: PURSCH KAREN
PURSCH ANDREW
REGION CODE ADDRESS : 9257 GUNBARREL RIDGE RD
02 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,808.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,034.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
0 0007682552 MORTGAGORS: GREGGOR CHARLES
GREGGOR JENNIFER
REGION CODE ADDRESS : 4 REBELO LANE
02 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,396.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,829.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.76300
----------------------------------------------------------------
0 0007682560 MORTGAGORS: O'SHEA THOMAS
O'SHEA AGNES
REGION CODE ADDRESS : 514 CARBONERA DRIVE
02 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,015.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,804.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.68400
----------------------------------------------------------------
0 0007682578 MORTGAGORS: BOYENS BRUCE
BOYENS BETSY
REGION CODE ADDRESS : 1001 SOUTH JOSEPHINE ST
02 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 394,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,526.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,493.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,866,800.00
P & I AMT: 16,837.69
UPB AMT: 1,860,790.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682586 MORTGAGORS: BLOUNT JOHN
BLOUNT TAMI
REGION CODE ADDRESS : 19617 E OCOTILLO RD
02 CITY : QUEEN CREEK
STATE/ZIP : AZ 85242
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,218.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 46.22600
----------------------------------------------------------------
0 0007682594 MORTGAGORS: CHEN GENG
CHEN HOI
REGION CODE ADDRESS : 2679 BROOKHOLLOW DRIVE
02 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,032.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0007682602 MORTGAGORS: ROSENBLUM CRAIG
REGION CODE ADDRESS : 74937 SOUTH COVE DRIVE
02 CITY : INDIAN WELL
STATE/ZIP : CA 92210
MORTGAGE AMOUNT : 354,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,429.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.66200
----------------------------------------------------------------
0 0007682610 MORTGAGORS: LIEN JORGEN
REGION CODE ADDRESS : 5435 CALUMET AVENUE
02 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,063.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 21.73900
----------------------------------------------------------------
0 0007682644 MORTGAGORS: HACKER ALEXIS
HACKER JOHN
REGION CODE ADDRESS : 244 ST JAMES DRIVE
02 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 610,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 608,011.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,355.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 67.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,809,500.00
P & I AMT: 16,199.31
UPB AMT: 1,803,756.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682685 MORTGAGORS: WEINSTEIN DAVID
WEINSTEIN DENA
REGION CODE ADDRESS : 30 REGENCY WAY
02 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,306.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.58200
----------------------------------------------------------------
0 0007682693 MORTGAGORS: FRIES PHILIP
FRIES MOLI
REGION CODE ADDRESS : 20269 THELMA AVENUE
02 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 356,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,586.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,150.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 55.20100
----------------------------------------------------------------
0 0007682701 MORTGAGORS: OBRIEN EDWARD
OBRIEN ANASTASIA
REGION CODE ADDRESS : 814 N COLUMBIAN AVE
02 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,989.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007682719 MORTGAGORS: YOKOMOTO RANDAL
YOKOMOTO LAWREN
REGION CODE ADDRESS : 2077 WEST 231ST STREET
02 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,574.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.53800
----------------------------------------------------------------
0 0007682727 MORTGAGORS: GEIST WILLIAM
GEIST NANCY
REGION CODE ADDRESS : 770 APSLEY WAY
02 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,151.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,800.00
P & I AMT: 12,462.14
UPB AMT: 1,378,608.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682735 MORTGAGORS: VALLELY JAMES
VALLELY AUDREY
REGION CODE ADDRESS : 1531 DUG HILL ROAD
02 CITY : HUNTSVILLE
STATE/ZIP : AL 35711
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,891.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,339.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.85700
----------------------------------------------------------------
0 0007682743 MORTGAGORS: LYTLE ROBERT
LYTLE LINDA
REGION CODE ADDRESS : 529 13TH STREET
02 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,488.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 62.72700
----------------------------------------------------------------
0 0007682750 MORTGAGORS: ROGERS HARRY
ROGERS KATHY
REGION CODE ADDRESS : 3333 S BLUE RIDGE COURT
02 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 288,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,519.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.58300
----------------------------------------------------------------
0 0007682768 MORTGAGORS: O'CONNOR WILLIAM
MC CAHILL JANE
REGION CODE ADDRESS : 247 SHENSTONE ROAD
02 CITY : RIVERSIDE
STATE/ZIP : IL 60546
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,015.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,979.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
0 0007682776 MORTGAGORS: SHAMAH ISAAC
SHAMAH NITZA
REGION CODE ADDRESS : 39 WOODS ROAD
02 CITY : ORANGETOWN
STATE/ZIP : NY 10964
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,835.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,617.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 67.70800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,261,900.00
P & I AMT: 20,315.71
UPB AMT: 2,254,749.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682784 MORTGAGORS: BEVAN WILLIAM
BEVAN MARTHA
REGION CODE ADDRESS : 0025 COTTONWOOD ROAD
02 CITY : EAGLE VAIL
STATE/ZIP : CO 81620
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,008.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.44827
----------------------------------------------------------------
0 0007682792 MORTGAGORS: HAAPALA RANDY
HAAPALA JULIE
REGION CODE ADDRESS : 27560 LINDELL ROAD
02 CITY : LAKE ELSINORE
STATE/ZIP : CA 92532
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,188.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0007682800 MORTGAGORS: TERPENING DAVID
REGION CODE ADDRESS : 424 AVENUE E
02 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,016.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,853.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0007682818 MORTGAGORS: TYLER MARIA
TYLER MICHAEL
REGION CODE ADDRESS : 1030 ALHAMBRE CIRCLE
02 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,196.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 54.83100
----------------------------------------------------------------
0 0007682826 MORTGAGORS: HANLEY JOHN
HANLEY JOANNE
REGION CODE ADDRESS : 4119 ASPEN STREET
02 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 329,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,437.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,915.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.94323
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,500.00
P & I AMT: 13,036.20
UPB AMT: 1,453,847.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682834 MORTGAGORS: COX FRANKLIN
COX EILEEN
REGION CODE ADDRESS : 8 RIVERVIEW LANE
02 CITY : HO HO KUS
STATE/ZIP : NJ 07423
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,364.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,893.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 76.70400
----------------------------------------------------------------
0 0007682842 MORTGAGORS: CARRICK JOE
CARRICK SANDRA
REGION CODE ADDRESS : 596 LA CRESTA BOULEVARD
02 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 318,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,705.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,886.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.98800
----------------------------------------------------------------
0 0007682859 MORTGAGORS: BELFIORE WILLIAM
BELFIORE SUSAN
REGION CODE ADDRESS : 174 OLD GEORGETOWN ROAD
02 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 318,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,306.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,883.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.80500
----------------------------------------------------------------
0 0007682867 MORTGAGORS: CULLER FLOYD
CULLER DONNA
REGION CODE ADDRESS : 28682 WALNUT GROVE
02 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,231.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.61500
----------------------------------------------------------------
0 0007682883 MORTGAGORS: TENEDIOS STEVE
TENEDIOS OLGA
REGION CODE ADDRESS : 58 SNYDER ROAD
02 CITY : ENGLEWOOD CLIFFS
STATE/ZIP : NJ 07632
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,777.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,614.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.86900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,619,500.00
P & I AMT: 14,551.94
UPB AMT: 1,614,384.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682891 MORTGAGORS: YOUNG MICHAEL
YOUNG CATHERINE
REGION CODE ADDRESS : 5490 KATHERINE AVENUE
02 CITY : LOS ANGELES
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,344.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,541.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007682909 MORTGAGORS: BORKOWSKI GEORGE
REGION CODE ADDRESS : 16451 WILSON FARM DRIVE
02 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,219.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 63.18500
----------------------------------------------------------------
0 0007682917 MORTGAGORS: MACINTOSH SUSAN
MACINTOSH WILLIAM
REGION CODE ADDRESS : 5040 CANYON CREST DRIVE
02 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,100.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.07600
----------------------------------------------------------------
0 0007682925 MORTGAGORS: LEWIS WARREN
LEWIS NANCY
REGION CODE ADDRESS : 1 HERITAGE DRIVE
02 CITY : PLEASANTVILLE
STATE/ZIP : NY 10570
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,451.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,168.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/08
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.72800
----------------------------------------------------------------
0 0007682933 MORTGAGORS: CHUA HOWSIENG
CHUA AMY
REGION CODE ADDRESS : 25511 RAPID FALLS ROAD
02 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 509,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,411.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,610.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.78300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,000.00
P & I AMT: 17,023.87
UPB AMT: 1,773,527.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682941 MORTGAGORS: CUNDIFF DAVID
CUNDIFF JENNIFER
REGION CODE ADDRESS : 319 GRAND AVENUE
02 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,462.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 85.66100
----------------------------------------------------------------
0 0007682958 MORTGAGORS: CHANG KUO-HOU
CHANG HSIN-PING
REGION CODE ADDRESS : 11106 PALOS VERDES DRIVE
02 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 350,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,705.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.59100
----------------------------------------------------------------
0 0007682966 MORTGAGORS: OTTE ADRIAN
OTTE ALISON
REGION CODE ADDRESS : 109 KELLY DRIVE
02 CITY : CHADDS FORD
STATE/ZIP : PA 19317
MORTGAGE AMOUNT : 477,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,858.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,029.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.00000 PRODUCT CODE : 002
LTV : 78.60000
----------------------------------------------------------------
0 0007682974 MORTGAGORS: CALDWELL EUGENIA
CALDWELL PETER
REGION CODE ADDRESS : 1 NEWBURG STREET
02 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
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 : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.13900
----------------------------------------------------------------
0 0007682982 MORTGAGORS: BEVER CHARLES
BEVER DORIS
REGION CODE ADDRESS : 7821 LOBELIA LANE
02 CITY : SPRINGFIELD
STATE/ZIP : VA 22152
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,194.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.47100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,645,700.00
P & I AMT: 14,437.32
UPB AMT: 1,641,221.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007682990 MORTGAGORS: BONTEMPO BLAINE
BONTEMPO ELAINE
REGION CODE ADDRESS : 24 POLO DRIVE
02 CITY : SOUTH BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,132.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 29.63300
----------------------------------------------------------------
0 0007683006 MORTGAGORS: TIRRELL MICHAEL
MARTINEZ CARLOS
REGION CODE ADDRESS : 900 N LAKE SHORE DRIVE, UNIT 601/02
02 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,907.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.03700
----------------------------------------------------------------
0 0007683014 MORTGAGORS: BOGNON PIERRE
BOGNON LEIGH
REGION CODE ADDRESS : 728 SMITH RIDGE RD
02 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,032.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 30.90900
----------------------------------------------------------------
0 0007683022 MORTGAGORS: PETROULEAS WILLIAM
PETROULEAS JOANNA
REGION CODE ADDRESS : 5 HELENA ROAD
02 CITY : STATEN ISLAND
STATE/ZIP : NY 10304
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,595.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,738.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 32.96700
----------------------------------------------------------------
0 0007683030 MORTGAGORS: SEAMAN ALEX
SEAMAN DAWN
REGION CODE ADDRESS : 6 THE DOGWOODS
02 CITY : ROSLYN ESTATES
STATE/ZIP : NY 11576
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,032.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 43.16500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,000.00
P & I AMT: 14,067.82
UPB AMT: 1,558,668.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007683048 MORTGAGORS: PALMER CHRISTOPHER
SHEARER GAIL
REGION CODE ADDRESS : 7210 DENTON ROAD
02 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,622.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,982.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.16400
----------------------------------------------------------------
0 0007683055 MORTGAGORS: BRODIE STEPHAN
REGION CODE ADDRESS : 7001 BUXTON TERRACE
02 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,919.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,195.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007683063 MORTGAGORS: CHEN KUO
HUNG YUH-JUAN
REGION CODE ADDRESS : 1673 NEWCASTLE DRIVE
02 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,451.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 58.20800
----------------------------------------------------------------
0 0007683071 MORTGAGORS: VILLANUEVA ROBERT
VILLANUEVA EUGENIA
REGION CODE ADDRESS : 5 SEAGATE PLACE
02 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,751.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.39400
----------------------------------------------------------------
0 0007683097 MORTGAGORS: NEASON PHILIP
REGION CODE ADDRESS : 245 DRAEGER DRIVE
02 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,748.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,771.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,000,000.00
P & I AMT: 18,023.30
UPB AMT: 1,992,042.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007683105 MORTGAGORS: CURRAN MARK
REGION CODE ADDRESS : 1976 MANZANITA DRIVE
02 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,985.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 46.42800
----------------------------------------------------------------
0 0007683113 MORTGAGORS: YANG JOO
YANG HACK
REGION CODE ADDRESS : 13416 CAMPUS DRIVE
02 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,724.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 55.94400
----------------------------------------------------------------
0 0007683121 MORTGAGORS: NGUYEN TICH
NGUYEN KIM AHN
REGION CODE ADDRESS : 706 WEST SUNNYOAKS AVENUE
02 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,331.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.75300
----------------------------------------------------------------
0 0007683139 MORTGAGORS: SMITH DOUGLAS
SMITH ELAINE
REGION CODE ADDRESS : 1107 STARWOOD COURT
02 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,070.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 65.61700
----------------------------------------------------------------
0 0007683147 MORTGAGORS: WANG SHEN
ZHOU YVONNE
REGION CODE ADDRESS : 10619 CULBERTSON DRIVE
02 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,732,000.00
P & I AMT: 15,557.38
UPB AMT: 1,725,589.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007683162 MORTGAGORS: CONCEPCION LUZMINDA
REGION CODE ADDRESS : 8705 ROBINSON RIDGE DRIVE
02 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,764.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,587.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0007683188 MORTGAGORS: ARAZOZA EDUARDO
ARAZOZA SARA
REGION CODE ADDRESS : 470 CAMPANA AVENUE
02 CITY : CORAL GABLES
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 459,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,936.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,908.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.12500 PRODUCT CODE : 002
LTV : 77.88100
----------------------------------------------------------------
0 0007683196 MORTGAGORS: GONZALEZ CARLOS
MASUD LYDIA
REGION CODE ADDRESS : 7345 PONCE DE LEON ROAD
02 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,734.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,742.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.25000
----------------------------------------------------------------
0 0007683204 MORTGAGORS: FILUK ROBERT
FILUK HEATHER
REGION CODE ADDRESS : 17180 CRESCENT DRIVE
02 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 416,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,127.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,628.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 37.25400
----------------------------------------------------------------
0 0007683212 MORTGAGORS: GUILDER STEPHEN
GUILDER SHEILA
REGION CODE ADDRESS : 2671 RIVIERA MANOR
02 CITY : WESTON
STATE/ZIP : FL 33332
MORTGAGE AMOUNT : 437,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,621.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,927.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.75300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,119,000.00
P & I AMT: 18,794.52
UPB AMT: 2,068,184.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007683220 MORTGAGORS: BENGIVENO LARRY
BENGIVENO VALARIE
REGION CODE ADDRESS : 1225 HILLCREST DRIVE
02 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,960.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,390.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.26000
----------------------------------------------------------------
0 0007683246 MORTGAGORS: CHAN STEAVEN
CHAN HEIDI
REGION CODE ADDRESS : 1512 EL PRADO AVENUE
02 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,058.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007683253 MORTGAGORS: EHRENREICH YUVAL
EHRENREICH BARBARA
REGION CODE ADDRESS : 9 HILLSIDE ST
02 CITY : TARRYTOWN
STATE/ZIP : NY 10591
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,903.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.34400
----------------------------------------------------------------
0 0007683261 MORTGAGORS: BECKER LISA
BECKER GARY
REGION CODE ADDRESS : 19240 INKWOOD COURT
02 CITY : BOCA RATON
STATE/ZIP : FL 33498
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.32900
----------------------------------------------------------------
0 0007683279 MORTGAGORS: SCHREIBER ALAN
SCHREIBER PATRICIA
REGION CODE ADDRESS : 6507 PRINCETON DRIVE
02 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,000.00
P & I AMT: 12,312.30
UPB AMT: 1,370,922.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007683287 MORTGAGORS: GOPAL RAVI
GOPAL PRATIBHA
REGION CODE ADDRESS : 1050 WOODBINE WAY
02 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 296,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,485.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,705.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.63900
----------------------------------------------------------------
0 0007683303 MORTGAGORS: SOUSA EDWARD
BERNARDINI SUSAN
REGION CODE ADDRESS : 2765 CASA GRANDE COURT
02 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,204.19 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 : 67.10500
----------------------------------------------------------------
0 0007683329 MORTGAGORS: MARTIN MURDOCK
CRAWFORD SUSAN
REGION CODE ADDRESS : 2318 44TH STREET NORTHWEST
02 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,237.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,487.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 84.63200
----------------------------------------------------------------
0 0007683337 MORTGAGORS: SLADKY KENNETH
SLADKY MARITA
REGION CODE ADDRESS : 01 LANDINGS UNIT A
02 CITY : KEY LARGO
STATE/ZIP : FL 33037
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,156.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,445.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007683345 MORTGAGORS: COHEN STEVEN
COHEN KAREN
REGION CODE ADDRESS : 24234 PARK ATHENA
02 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,626.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,587,400.00
P & I AMT: 14,319.12
UPB AMT: 1,578,710.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007683360 MORTGAGORS: VANDERFORD GENE
VANDERFORD SUZANNE
REGION CODE ADDRESS : 21300 NASHVILLE STREET
02 CITY : CHATSWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,108.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.49400
----------------------------------------------------------------
0 0007683378 MORTGAGORS: PERRY JAMES
PERRY DONA
REGION CODE ADDRESS : 11160 BREESE DRIVE
02 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,516.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,336.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0007683386 MORTGAGORS: SIGEL RICHARD
SIGEL RACHEL
REGION CODE ADDRESS : 18 KIRK COURT
02 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,493.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,559.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 49.50000
----------------------------------------------------------------
0 0007683394 MORTGAGORS: HUANG SAMUEL
HUANG SABRINA
REGION CODE ADDRESS : 9405 WING FOOT COURT
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 485,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,364.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007683410 MORTGAGORS: GRILES EDWARD
GRILES DANIELLE
REGION CODE ADDRESS : 47 SARLES STREET
02 CITY : ARMONK
STATE/ZIP : NY 10504
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,814.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,311.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,913,550.00
P & I AMT: 17,257.93
UPB AMT: 1,906,482.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007683428 MORTGAGORS: KAY GREGORY
REGION CODE ADDRESS : 2623 N BOSWORTH AVENUE
02 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 486,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,998.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,441.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.04100
----------------------------------------------------------------
0 0007683436 MORTGAGORS: HOFFMAN JOHN
HOFFMAN PAMELA
REGION CODE ADDRESS : 46 CIDER MILL PLACE
02 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 578,189.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,253.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.05200
----------------------------------------------------------------
0 0030817241 MORTGAGORS: LAUGHLIN ROBERT
LAUGHLIN SUSAN
REGION CODE ADDRESS : 8900 MONTMEDY COURT
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,997.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,600.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031280753 MORTGAGORS: SCHULTZ ALLAN
SCHULTZ BECKY
REGION CODE ADDRESS : 49 SONIA STREET
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,671.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.14285
----------------------------------------------------------------
0 0031293905 MORTGAGORS: PALMER GEORGE
PALMER DEBRA
REGION CODE ADDRESS : 287 WYNN MARSH ROAD
01 CITY : STATESBORO
STATE/ZIP : GA 30458
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,978.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,818.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,005,000.00
P & I AMT: 18,254.00
UPB AMT: 1,980,835.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031295017 MORTGAGORS: MARTEL ROBERT
MARTEL HANNAH
REGION CODE ADDRESS : 60 NE ALICE AVENUE
01 CITY : JENSEN BEACH
STATE/ZIP : FL 34957
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,544.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,145.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031328891 MORTGAGORS: DICKEY DAVID
DICKEY CONSTANCE
REGION CODE ADDRESS : 690 PINE LANE
01 CITY : FRIENDSVILLE
STATE/ZIP : TN 37737
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,355.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,437.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.26600
----------------------------------------------------------------
0 0031329303 MORTGAGORS: KHALFAN SAJJAD
KHALFAN SALMA
REGION CODE ADDRESS : 48 WESTWOOD COURT
01 CITY : WOODBURY
STATE/ZIP : NY 11797
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,573.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,102.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.64700
----------------------------------------------------------------
0 0031352891 MORTGAGORS: COOPER JOHN
COOPER VALERIE
REGION CODE ADDRESS : 5 WESTVIEW DRIVE
01 CITY : DERRY
STATE/ZIP : NH 03038
MORTGAGE AMOUNT : 362,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,194.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,224.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.82500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.82500 PRODUCT CODE : 002
LTV : 72.54000
----------------------------------------------------------------
0 0031371578 MORTGAGORS: MOSS RONALD
REGION CODE ADDRESS : 9904 MATHIAS COURT
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 433,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,579.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,891.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/11
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.32100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,861,700.00
P & I AMT: 16,802.94
UPB AMT: 1,803,247.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031375462 MORTGAGORS: PEARLMAN STEPHEN
PEARLMAN LORRAINE
REGION CODE ADDRESS : 103 UNDERCLIFF ROAD
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 490,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,443.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031375835 MORTGAGORS: SHEPP STEVEN
REGION CODE ADDRESS : 2604 NESBITT ROAD
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,450.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,934.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.75000
----------------------------------------------------------------
0 0031375868 MORTGAGORS: LYMAN RICHARD
LYMAN SHANNON
REGION CODE ADDRESS : 1541 21ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,644.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,790.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.70300
----------------------------------------------------------------
0 0031376734 MORTGAGORS: BECKMAN MICHAEL
BECKMAN ELIZABETH
REGION CODE ADDRESS : 9655 LAKEWOOD CIRCLE
01 CITY : CHASKA
STATE/ZIP : MN 55318
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,191.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,665.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379472 MORTGAGORS: DALLI JOSEPH
DALLI SANDRA
REGION CODE ADDRESS : 55 ADAM COURT
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 32.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,786,500.00
P & I AMT: 16,188.77
UPB AMT: 1,778,786.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031388044 MORTGAGORS: MARINO VINCENT
MARINO ELIZABETH
REGION CODE ADDRESS : 221 SANDY VALLEY ROAD
01 CITY : DEDHAM
STATE/ZIP : MA 02026
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,168.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 47.91600
----------------------------------------------------------------
0 0031395205 MORTGAGORS: GIBBONS-NEFF PETER
GIBBONS-NEFF DEBORAH
REGION CODE ADDRESS : 120 BROWNING LANE
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,204.15 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 : 72.50000
----------------------------------------------------------------
0 0031407547 MORTGAGORS: COSTISEVSCHI CONSTANTIN
COSTISEVSCHI LIDIA
REGION CODE ADDRESS : 60 AMBERWOOD LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,898.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031413289 MORTGAGORS: HLA PHYU
REGION CODE ADDRESS : 7809 JOLIET DRIVE SOUTH
01 CITY : TINLEY PARK
STATE/ZIP : IL 60477
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,981.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,012.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031413313 MORTGAGORS: BROTINE BRENT
BROTINE BARBARA
REGION CODE ADDRESS : 2758 PRAIRIE AVE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,156.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.69800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,717,800.00
P & I AMT: 15,590.34
UPB AMT: 1,710,239.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031414337 MORTGAGORS: MELNICK AVROHM
MELNICK LISA
REGION CODE ADDRESS : 24 BUCKSKIN DR
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 591,355.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,473.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.50000
----------------------------------------------------------------
0 0031438740 MORTGAGORS: MCKENZIE ROBERT
REGION CODE ADDRESS : 1800 NORTH ALANTON DRIVE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 555,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,872.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 63.79300
----------------------------------------------------------------
0 0031444904 MORTGAGORS: LITTLE THOMAS
LITTLE RUTH
REGION CODE ADDRESS : TEXAS RD
01 CITY : EASTON
STATE/ZIP : PA 18042
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,355.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031446594 MORTGAGORS: BLAYLOCK KIM
BLAYLOCK MICHELE
REGION CODE ADDRESS : 4651 PANNONIA ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,847.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
0 0031454291 MORTGAGORS: LINSMAYER J.
REGION CODE ADDRESS : 8170 HILL TRAIL NORTH
01 CITY : LAKE ELMO
STATE/ZIP : MN 55042
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,679.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,325,000.00
P & I AMT: 20,834.25
UPB AMT: 2,316,203.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455322 MORTGAGORS: SIMS DEAN
REGION CODE ADDRESS : 834 S DAKOTA AVE
01 CITY : TAMPA
STATE/ZIP : FL 33606
MORTGAGE AMOUNT : 436,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,571.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,927.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031458193 MORTGAGORS: WILLIA N.
WILLIA ROOKMINI
REGION CODE ADDRESS : 1385 FOX RIDGE TRAIL
01 CITY : SIOUX CITY
STATE/ZIP : IA 51104
MORTGAGE AMOUNT : 255,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,969.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,352.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.04100
----------------------------------------------------------------
0 0031461072 MORTGAGORS: TONE THOMAS
TONE BARBARA
REGION CODE ADDRESS : 455 OLDSTONE PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,145.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,633.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.13300
----------------------------------------------------------------
0 0031461957 MORTGAGORS: MICHAELSON DANIEL
MICHAELSON KAYE
REGION CODE ADDRESS : 12108 VIEWCREST ROAD
01 CITY : STUDIO CITY (AREA)
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,209.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.73000
----------------------------------------------------------------
0 0031471642 MORTGAGORS: DOETZER WILLIAM
DOETZER KATHLEEN
REGION CODE ADDRESS : NYS ROUTE 9L EAST SIDE (T/O QUEENSB
01 CITY : LAKE GEORGE
STATE/ZIP : NY 12845
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,496.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/08
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.46500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,700.00
P & I AMT: 15,621.98
UPB AMT: 1,611,895.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473051 MORTGAGORS: GATES GARY
GATES JANIE
REGION CODE ADDRESS : 3605 WESTERN HILLS DRIVE
01 CITY : WEST DESMOINES
STATE/ZIP : IA 50265
MORTGAGE AMOUNT : 89,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 802.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 78.28900
----------------------------------------------------------------
0 0031481245 MORTGAGORS: DUMAS ROBERT
DUMAS JANE
REGION CODE ADDRESS : 114 SIGSBEE AVENUE
01 CITY : ALBERTSON
STATE/ZIP : NY 11507
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,707.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031488869 MORTGAGORS: SOMOANO JULIO
REGION CODE ADDRESS : 288 ST. THOMAS AVENUE
01 CITY : KEY LARGO
STATE/ZIP : FL 33037
MORTGAGE AMOUNT : 472,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,993.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,214.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031489214 MORTGAGORS: WISSLER JIM
WISSLER LISA
REGION CODE ADDRESS : 3737 PERKINS AVENUE
01 CITY : WALL LAKE
STATE/ZIP : IA 51466
MORTGAGE AMOUNT : 61,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,409.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 571.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 76.04900
----------------------------------------------------------------
0 0031496292 MORTGAGORS: CHANDLER PHIL
CHANDLER VAN
REGION CODE ADDRESS : 1984 FREEBORN WAY
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 563,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,458.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,982.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.08000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,950.00
P & I AMT: 13,003.61
UPB AMT: 1,442,819.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497191 MORTGAGORS: RHODIN JEFFREY
NETSKI CHRISTINE
REGION CODE ADDRESS : 422 HANOVER STREET UNIT 4
01 CITY : BOSTON
STATE/ZIP : MA 02113
MORTGAGE AMOUNT : 109,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,670.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,010.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 48.44400
----------------------------------------------------------------
0 0031498959 MORTGAGORS: DAVIS CHARLES
DAVIS PATRICIA
REGION CODE ADDRESS : 29356 PORT ROYAL WAY
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 267,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,430.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031500754 MORTGAGORS: FARNUNG FRANK
FARNUNG DEBORAH
REGION CODE ADDRESS : 11 ANGELICA DRIVE
01 CITY : AVONDALE
STATE/ZIP : PA 19311
MORTGAGE AMOUNT : 259,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,432.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,330.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031500820 MORTGAGORS: SCHWARZ ROBERT
REGION CODE ADDRESS : 25488 EAST COMFORT DRIVE
01 CITY : FOREST LAKE
STATE/ZIP : MN 55025
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,047.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.63600
----------------------------------------------------------------
0 0031501067 MORTGAGORS: WEIGLEIN FRANZ
WEIGLEIN JERILYN
REGION CODE ADDRESS : 6948 APPLEWOOD DRIVE
01 CITY : TOWN OF MIDDLETON
STATE/ZIP : WI 53562
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,061.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.11 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: 1,242,150.00
P & I AMT: 11,294.73
UPB AMT: 1,236,642.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502818 MORTGAGORS: BRUCE EVE
DEVANEY ALICE
REGION CODE ADDRESS : 4 PINE SPRING LANE
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,064.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,906.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031503006 MORTGAGORS: REYNOLDS JAMES
REYNOLDS ELMA
REGION CODE ADDRESS : 1819 HARMON PLACE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,211.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.92307
----------------------------------------------------------------
0 0031505365 MORTGAGORS: NEUMANN DANIEL
NEUMANN GAYLE
REGION CODE ADDRESS : 62 SANDWEDGE
01 CITY : ST CHARLES
STATE/ZIP : MO 63303
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,032.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 92.30700
----------------------------------------------------------------
0 0031505472 MORTGAGORS: RAHEBI MOHAMMAD
REGION CODE ADDRESS : 15341 LONGBOW DRIVE
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,996.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
0 0031507312 MORTGAGORS: ANDERSON WILLIAM
ANDERSON JAYNE
REGION CODE ADDRESS : 4644 BLUEBONNET ROAD
01 CITY : BATON ROUGE
STATE/ZIP : LA 70809
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,043.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 44.44400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,484,000.00
P & I AMT: 13,342.60
UPB AMT: 1,478,348.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511173 MORTGAGORS: LAMOURELLE ALAIN
LAMOURELLE REGINA
REGION CODE ADDRESS : 22186 WESTCLIFF
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,487.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0031512379 MORTGAGORS: STROBER MICHEAL
STROBER SHEILA
REGION CODE ADDRESS : 9410 HARGIS STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 333,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,413.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.40400
----------------------------------------------------------------
0 0031515463 MORTGAGORS: ASSARIAN STEVEN
ASSARIAN HILDA
REGION CODE ADDRESS : 18 EDMUNDS WAY
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,723.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.17600
----------------------------------------------------------------
0 0031515794 MORTGAGORS: WALLACE ROBERT
WALLACE LINDA
REGION CODE ADDRESS : 840 MILMAR ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,757.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031518749 MORTGAGORS: HAWKINS WILLIAM
HAWKINS CRYSTAL
REGION CODE ADDRESS : 27841 WEST SHORE ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 277,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,961.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.44100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,100.00
P & I AMT: 14,656.02
UPB AMT: 1,601,085.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520323 MORTGAGORS: MIGDAL BRUCE
MIGDAL COLLEEN
REGION CODE ADDRESS : 10934 BOULDER CANYON ROAD
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91730
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,176.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0031520810 MORTGAGORS: PIERSON DENNIS
PIERSON KATHY
REGION CODE ADDRESS : 3000 STEWART ROAD
01 CITY : LIMA
STATE/ZIP : OH 45801
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,548.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,057.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031521057 MORTGAGORS: STERLING GAIL
STERLING BECKY
REGION CODE ADDRESS : 30104 WATERFORD DR
01 CITY : PERRYSBURG
STATE/ZIP : OH 43551
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,692.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031522279 MORTGAGORS: LEON JOSE
SARRAGA-LEON MARY
REGION CODE ADDRESS : 11 BROOK LANE
01 CITY : MANHASSETT
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,487.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.75700
----------------------------------------------------------------
0 0031522816 MORTGAGORS: SHETTY VIVEKANANDA
SHETTY SAPNA
REGION CODE ADDRESS : LOT 88 SHIPLEY CIRCLE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,476.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.67700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,699,900.00
P & I AMT: 15,257.00
UPB AMT: 1,696,625.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031523186 MORTGAGORS: BURKE BRENDAN
BURKE PATRICIA
REGION CODE ADDRESS : 5902 WELBORN DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 302,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,854.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,742.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.12900
----------------------------------------------------------------
0 0031525256 MORTGAGORS: WOLF ARNOLD
WOLF DOLORES
REGION CODE ADDRESS : 11430 N BAYSHORE DR
01 CITY : NORTH MIAMI
STATE/ZIP : FL 33181
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,422.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,494.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031525363 MORTGAGORS: HOWELL RODNEY
HOWELL JOAN
REGION CODE ADDRESS : 9166 REGENCY WOODS DRIVE
01 CITY : KIRTLAND
STATE/ZIP : OH 44094
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,469.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.52300
----------------------------------------------------------------
0 0031526981 MORTGAGORS: SILVERMAN IRA
SILVERMAN DIANA
REGION CODE ADDRESS : 45 JOSEPH PLACE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.95400
----------------------------------------------------------------
0 0031530728 MORTGAGORS: CULP BURRELL
CULP BARBARA
REGION CODE ADDRESS : 8772 PHEASANT LANE
01 CITY : KIRTLAND
STATE/ZIP : OH 44094
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.38095
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,784,750.00
P & I AMT: 15,974.06
UPB AMT: 1,781,277.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031532807 MORTGAGORS: NGUYEN JEANNIE
REGION CODE ADDRESS : 429 SOUTHWEST 347TH STREET
01 CITY : FEDERAL WAY
STATE/ZIP : WA 98023
MORTGAGE AMOUNT : 267,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,923.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.66500
----------------------------------------------------------------
0 0031536444 MORTGAGORS: GEARY RUSSELL
GEARY NANCIE
REGION CODE ADDRESS : 3899 HUNTERS GROVE COURT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 270,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,664.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.13800
----------------------------------------------------------------
0 0031537392 MORTGAGORS: YADGARI HOUSHANG
MOADDEL JILLA
REGION CODE ADDRESS : 201 S. OAKHURST DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,722.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,175.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.13400
----------------------------------------------------------------
0 0031537699 MORTGAGORS: SMITH RAYMOND
REGION CODE ADDRESS : 49 WATERMAN AVENUE
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,094.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.83300
----------------------------------------------------------------
0 0031538093 MORTGAGORS: HARTMAN JOHN
CARDINO STEPHEN
REGION CODE ADDRESS : 1031 CLARKS LANE
01 CITY : SCOTCH PLAINS TOWNSHIP OF
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,237.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,250.00
P & I AMT: 12,970.19
UPB AMT: 1,425,643.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031541667 MORTGAGORS: HARRIS E
HARRIS ADELE
REGION CODE ADDRESS : 8151 CIELO VISTA DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,167.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 52.20000
----------------------------------------------------------------
0 0031542418 MORTGAGORS: OROSZ EUGENE
REGION CODE ADDRESS : 15 ADAMS HILL LANE
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 366,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,554.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,220.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031554504 MORTGAGORS: TAKETA RICHARD
TAKETA PATRICIA
REGION CODE ADDRESS : 225 POINSETTIA AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 665,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 662,924.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,023.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 51.15300
----------------------------------------------------------------
0 0031555188 MORTGAGORS: HALL FRANKLIN
JOHNSON HALL PATRICIA
REGION CODE ADDRESS : 6 WATERVIEW CIRCLE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,333.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,549.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031556681 MORTGAGORS: JABARA RICHARD
REGION CODE ADDRESS : 87 HIGH RIDGE RD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 987,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 987,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,154.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 62.30284
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,555,250.00
P & I AMT: 23,275.10
UPB AMT: 2,549,480.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557408 MORTGAGORS: DUGGAN FRANCIS
DUGGAN PATRICIA
REGION CODE ADDRESS : 992 SHORE LAND DRIVE
01 CITY : GLEN BURNIE
STATE/ZIP : MD 21060
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,753.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 730.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 74.76600
----------------------------------------------------------------
0 0031560030 MORTGAGORS: COHEN STEVEN
COHEN DEBRA
REGION CODE ADDRESS : 10726 OLD COACH LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
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 : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 250
LTV : 70.44600
----------------------------------------------------------------
0 0031560337 MORTGAGORS: SMITH MERRILL
SMITH JUDIE
REGION CODE ADDRESS : 6389 WHITMORE HILL ROAD
01 CITY : DEER PARK
STATE/ZIP : WA 99006
MORTGAGE AMOUNT : 69,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 68,798.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 654.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 38.33300
----------------------------------------------------------------
0 0031561814 MORTGAGORS: HSU KEIKO
BEILSTEIN KENNETH
REGION CODE ADDRESS : 23 LOOKOUT HILL ROAD
01 CITY : ESSEX
STATE/ZIP : CT 06426
MORTGAGE AMOUNT : 288,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,982.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.96400
----------------------------------------------------------------
0 0031562168 MORTGAGORS: FRANKEL MARK
FRANKEL CHRISTINE
REGION CODE ADDRESS : 1510 KENTWOOD LANE
01 CITY : YORK
STATE/ZIP : PA 17403
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,503.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,507.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.15000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,850.00
P & I AMT: 14,245.50
UPB AMT: 1,571,964.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564206 MORTGAGORS: GILMARTIN JOHN
GILMARTIN STACEY
REGION CODE ADDRESS : 88 ROCK ROAD
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
0 0031564370 MORTGAGORS: HEPPES GERALD
HEPPES MARA
REGION CODE ADDRESS : 43788 HALEY COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,780.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,424.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031564982 MORTGAGORS: BROWNING GLORIA
REGION CODE ADDRESS : 2125 1ST AVE #3103
01 CITY : SEATTLE
STATE/ZIP : WA 98121
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,297.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.11700
----------------------------------------------------------------
0 0031566425 MORTGAGORS: KILPATRICK KEVIN
KILPATRICK SHARON
REGION CODE ADDRESS : 3648 BROUSSARD STREET
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 402,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,116.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,588.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.84500
----------------------------------------------------------------
0 0031567175 MORTGAGORS: FRIES DONALD
FRIES KATHLEEN
REGION CODE ADDRESS : 6 BLIND BROOK ROAD SOUTH
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,940.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,853.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 57.93200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,468,000.00
P & I AMT: 13,201.99
UPB AMT: 1,464,135.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567787 MORTGAGORS: LAVINE STEVEN
LAVINE LAURI
REGION CODE ADDRESS : 7690 WICKLEY WAY
01 CITY : ATLANTA
STATE/ZIP : GA 30350
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 : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
0 0031568785 MORTGAGORS: MURRAY JOHN
MURRAY PAULA
REGION CODE ADDRESS : 18 BEVERLY ROAD
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,685.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,208.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031569163 MORTGAGORS: TARASON ROBERT
TARASON MARY
REGION CODE ADDRESS : 4 NAUTICAL LANE
01 CITY : NAHANT
STATE/ZIP : MA 01908
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 532,306.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,808.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.00500
----------------------------------------------------------------
0 0031569627 MORTGAGORS: ZAMOST MARVIN
REGION CODE ADDRESS : 5521 E. LONNA LINDA DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,974.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,921.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031569635 MORTGAGORS: SONG BAIZHENG
GONG JIANLIN
REGION CODE ADDRESS : 106 COCHITUATE ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,188.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,825,750.00
P & I AMT: 16,527.14
UPB AMT: 1,820,139.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031570245 MORTGAGORS: RICHARDS STEPHEN
RICHARDS CHRISTINE
REGION CODE ADDRESS : 25 CIDER MILL ROAD
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031570641 MORTGAGORS: HOLSTEGE CHRISTOPHER
HOLSTEGE ANGELA
REGION CODE ADDRESS : 12508 CHADSWORTH PLACE
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 251,702.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,890.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031572076 MORTGAGORS: RICH LARRY
RICH JANET
REGION CODE ADDRESS : 317 NW ROYAL BOULEVARD
01 CITY : PORTLAND
STATE/ZIP : OR 97210
MORTGAGE AMOUNT : 491,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,673.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,484.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031572134 MORTGAGORS: OSBERG JAMES
OSBERG ELIZABETH
REGION CODE ADDRESS : 815 GLASGOW CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,944.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,885.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.34900
----------------------------------------------------------------
0 0031573801 MORTGAGORS: NGUYEN PAUL
PHAM THANH
REGION CODE ADDRESS : 5401 BACKLICK WOODS COURT
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22151
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,936.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.29400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,680,952.00
P & I AMT: 15,162.39
UPB AMT: 1,671,444.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574551 MORTGAGORS: MCMANUS MARY
REGION CODE ADDRESS : 22 PRESTON COURT
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,867.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.07300
----------------------------------------------------------------
0 0031575350 MORTGAGORS: SULLIVAN PAUL
SULLIVAN ULLA
REGION CODE ADDRESS : 6 ACORN STREET
01 CITY : BOSTON
STATE/ZIP : MA 02108
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,860.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,306.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 33.18100
----------------------------------------------------------------
0 0031575426 MORTGAGORS: JONES HENRY
OXENRIDER STEPHEN
REGION CODE ADDRESS : 810 19TH STREET SOUTH
01 CITY : ARLINGTON
STATE/ZIP : VA 22202
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,259.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031579378 MORTGAGORS: JORDAN J.
REGION CODE ADDRESS : 5841 SKY PARK DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
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 : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.75000
----------------------------------------------------------------
0 0031579691 MORTGAGORS: NUNNERY LARRY
GLICK EILENE
REGION CODE ADDRESS : 4N941 CRANE RD
01 CITY : ST. CHARLES
STATE/ZIP : IL 60175
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,282.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/08
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,900,000.00
P & I AMT: 18,427.42
UPB AMT: 1,897,214.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031580764 MORTGAGORS: JACKSON JONATHAN
JACKSON REBECCA
REGION CODE ADDRESS : 610 SOUTH UDALL
01 CITY : MESA
STATE/ZIP : AZ 85204
MORTGAGE AMOUNT : 56,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 56,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 559.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031581341 MORTGAGORS: REPASKY RONALD
KERESMAN MAUREEN
REGION CODE ADDRESS : 144 WIDENER DRIVE
01 CITY : WINCHESTER
STATE/ZIP : VA 22603
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,197.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031582729 MORTGAGORS: CAMPBELL ROBERT
CLARK SANDRA
REGION CODE ADDRESS : 15600 SOL SEMENTE TRAIL
01 CITY : REDDING
STATE/ZIP : CA 96001
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 64.36700
----------------------------------------------------------------
0 0031584634 MORTGAGORS: REMEIKA FRANCIS
GALLIPEAU CAROLE
REGION CODE ADDRESS : 31 BROWN STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,032.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.40000
----------------------------------------------------------------
0 0031589443 MORTGAGORS: WILLIAMS ELIZABETH
WILLIAMS JOHN
REGION CODE ADDRESS : 112 STONE CLIFF ROAD
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
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 : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.21600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,563,800.00
P & I AMT: 14,240.93
UPB AMT: 1,560,022.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031589609 MORTGAGORS: BROOKER STEVEN
BROOKER CHRISTI
REGION CODE ADDRESS : 615 E. WALNUT STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,391.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,665.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.23000
----------------------------------------------------------------
0 0031589690 MORTGAGORS: LEITSTEIN SCOTT
LEITSTEIN MARGARET
REGION CODE ADDRESS : 8 CHAMPION WAY
01 CITY : MANALAPAN TOWNSHIP
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,651.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 83.41300
----------------------------------------------------------------
0 0031590755 MORTGAGORS: STOLPMAN THOMAS
STOLPMAN MARILYN
REGION CODE ADDRESS : 4157 OCEAN DRIVE
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,008.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,082.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 50.27020
----------------------------------------------------------------
0 0031590763 MORTGAGORS: HYNES JAMES
HYNES CARDELLA
REGION CODE ADDRESS : 1413 WEST KIRKWALL ROAD
01 CITY : CITY OF SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 171,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,372.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,537.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031591381 MORTGAGORS: RUBENSTEIN BRADLEY
REGION CODE ADDRESS : 30 IRONWOOD ROAD
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 : 2,572.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 47.69400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,851,000.00
P & I AMT: 16,508.43
UPB AMT: 1,842,772.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031591407 MORTGAGORS: CARTER SHANNON
REGION CODE ADDRESS : 650 TIGERVILLE RD
01 CITY : LIVINGSTON
STATE/ZIP : TX 77351
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,013.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,677.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
0 0031591779 MORTGAGORS: WANG THOMAS
LEE RUTH
REGION CODE ADDRESS : 12423 BEAUCHAMPS LANE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,994.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 26.66660
----------------------------------------------------------------
0 0031592074 MORTGAGORS: FOTCH ROGER
FOTCH JUDITH
REGION CODE ADDRESS : 2101 SMOKEWOOD AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 252,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,218.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031592959 MORTGAGORS: SWITZER BARRY
REGION CODE ADDRESS : 404 BERKSHIRE LANE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,426.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,318.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031592967 MORTGAGORS: DAEN MATTHEW
DAEN KIRSTIN
REGION CODE ADDRESS : 422 CUMNOR AVENUE
01 CITY : KENILWORTH
STATE/ZIP : IL 60043
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,473.30 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 : 49.26100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,865,750.00
P & I AMT: 16,882.65
UPB AMT: 1,853,126.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031594328 MORTGAGORS: SWANBERG CHARLES
SWANBERG ROBIN
REGION CODE ADDRESS : 101 HUNDREDS RD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 797,530.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,302.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 43.95600
----------------------------------------------------------------
0 0031594591 MORTGAGORS: PHILIPPIDES STYLIANOS
REGION CODE ADDRESS : 1831 MUSEUM ROAD
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,717.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 27.84000
----------------------------------------------------------------
0 0031595978 MORTGAGORS: STANLEY ANDREW
STANLEY MARY
REGION CODE ADDRESS : 21 BEAVER CREEK
01 CITY : SHELBURNE
STATE/ZIP : VT 05482
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 : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596133 MORTGAGORS: STUTZMAN CHARLES
STUTZMAN JEAN
REGION CODE ADDRESS : 1 BOULDER BROOK ROAD
01 CITY : EAST SANDWICH
STATE/ZIP : MA 02537
MORTGAGE AMOUNT : 203,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,386.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 78.07600
----------------------------------------------------------------
0 0031597909 MORTGAGORS: KARPENSKE DAVID
KARPENSKE MARY
REGION CODE ADDRESS : 277 HIDDEN GLEN DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,678.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,907.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,944,000.00
P & I AMT: 17,755.92
UPB AMT: 1,937,313.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597933 MORTGAGORS: PETTY CLIFTON
PETTY SHIRLEY
REGION CODE ADDRESS : 16911 MEADOW LANE
01 CITY : BELTON
STATE/ZIP : MO 64012
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,666.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,943.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031598857 MORTGAGORS: KRIWANEK LAWRENCE
KRIWANEK GRETCHEN
REGION CODE ADDRESS : 27969 WEST SHORE ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 295,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,717.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031598980 MORTGAGORS: GUPTA SHAILENDER
GUPTA RENUKA
REGION CODE ADDRESS : 11720 LAKE POTOMAC DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,107.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,392.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031600497 MORTGAGORS: FADEN GLENN
COX BETTY
REGION CODE ADDRESS : 60 LAS CASAS
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,651.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------
0 0031600646 MORTGAGORS: TIEMAN WILLIAM
TIEMAN KATHLEEN
REGION CODE ADDRESS : 3966 MONROE STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,611.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,530.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.56400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,009,100.00
P & I AMT: 18,279.49
UPB AMT: 2,004,102.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031601164 MORTGAGORS: PENNINGTON MARK
REGION CODE ADDRESS : 195 SILVERADO SPRINGS DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,736.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,097.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031601875 MORTGAGORS: KATSUKI GARY
KATSUKI ANNA
REGION CODE ADDRESS : 9886 PETUNIA AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,217.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031602204 MORTGAGORS: HACKETT WILLIAM
BURKS-HACKETT KATHERINE
REGION CODE ADDRESS : 34 WILSHIRE DRIVE
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.82200
----------------------------------------------------------------
0 0031603244 MORTGAGORS: VIDELEFSKY SEARLE
VIDELEFSKY RENEE
REGION CODE ADDRESS : 4620 RIVER BOTTOM DRIVE
01 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 300,001.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,001.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031603632 MORTGAGORS: MITNIK OLEG
MITNIK RONIT
REGION CODE ADDRESS : 120 EAST 87TH STREET APT#R16E
01 CITY : NEW YORK
STATE/ZIP : NY 10128
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 : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 73.44600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,833,001.00
P & I AMT: 16,577.44
UPB AMT: 1,827,948.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031603640 MORTGAGORS: PATEL MAYUR
PATEL KALPANA
REGION CODE ADDRESS : 29 GRAY STONE WAY
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 559,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 557,592.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,145.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031604192 MORTGAGORS: CONRARDY JOHN
CONRARDY STEPHANIE
REGION CODE ADDRESS : 772 FRANKLIN STREET
01 CITY : DENVER
STATE/ZIP : CO 80218
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 : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.94300
----------------------------------------------------------------
0 0031604515 MORTGAGORS: MUELLER FRANCIS
MUELLER ANGELA
REGION CODE ADDRESS : 1515 DIAMOND MOUNTAIN ROAD
01 CITY : CALISTOGA
STATE/ZIP : CA 94515
MORTGAGE AMOUNT : 378,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,342.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,376.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 43.26200
----------------------------------------------------------------
0 0031605199 MORTGAGORS: CALVIN JAMES
MADHU KAMALA
REGION CODE ADDRESS : 286 EMERSON ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.12300
----------------------------------------------------------------
0 0031605678 MORTGAGORS: NATAPOW ROBERT
NATAPOW KATHLEEN
REGION CODE ADDRESS : 100 HARBOR DRIVE UNIT2404
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,793.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.49500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,600.00
P & I AMT: 15,923.03
UPB AMT: 1,748,861.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031606072 MORTGAGORS: MORALES CATHERINE
MORALES FERNANDO
REGION CODE ADDRESS : 923 22ND STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 445,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,038.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.30000
----------------------------------------------------------------
0 0031607310 MORTGAGORS: HERNANDEZ OSCAR
HERNANDEZ ELISE
REGION CODE ADDRESS : 41452 FRITCHIE LANE
01 CITY : SLIDELL
STATE/ZIP : LA 70461
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,046.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.57100
----------------------------------------------------------------
0 0031607435 MORTGAGORS: SALAVATIAN FARZIN
SHOKRAI NEDA
REGION CODE ADDRESS : 25 EAST YALE LOOP
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 289,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,825.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0031607914 MORTGAGORS: HARNIK ALAN
HARNIK GILLIAN
REGION CODE ADDRESS : 4 RIDGEWAY WEST
01 CITY : WEST ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,150.04 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 : 67.20400
----------------------------------------------------------------
0 0031608748 MORTGAGORS: OWENS BARRY
OWENS DEBORAH
REGION CODE ADDRESS : 1699 WATER GLEN DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,853.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,500.00
P & I AMT: 14,680.59
UPB AMT: 1,610,821.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031609449 MORTGAGORS: MOLITOR THEODORE
MOLITOR ANN
REGION CODE ADDRESS : 743 KESSLER LAKE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75208
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031609621 MORTGAGORS: SOLTYSIAK SAMUEL
SOLTYSIAK CAROL
REGION CODE ADDRESS : 1648 WEST AVENUE, K-11
01 CITY : LANCASTER
STATE/ZIP : CA 93534
MORTGAGE AMOUNT : 92,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 92,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 847.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
0 0031609936 MORTGAGORS: MANGILI VINCENT
REGION CODE ADDRESS : 109 SUMMER STREET
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 317,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031610686 MORTGAGORS: CURRIER JOSEPH
CURRIER ELIZABETH
REGION CODE ADDRESS : 1071 MEADOWSWEET DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,825.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,606.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.83300
----------------------------------------------------------------
0 0031612328 MORTGAGORS: FRISK JAMES
FRISK JULIE
REGION CODE ADDRESS : 6407 15TH ST N
01 CITY : FARGO
STATE/ZIP : ND 58102
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,433.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.31300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,400.00
P & I AMT: 13,322.07
UPB AMT: 1,456,225.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031613821 MORTGAGORS: BOX ALAN
BOX JUDITH
REGION CODE ADDRESS : 9949 SOUTH CLYDE PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 245,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,024.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031614118 MORTGAGORS: KEHOE MARY
REGION CODE ADDRESS : 196 NEPTUNE AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,797.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,127.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031616766 MORTGAGORS: LYONS JOHN
LYONS PAMELA
REGION CODE ADDRESS : 436 ROUND HILL ROAD
01 CITY : SAINT DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 286,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.13400
----------------------------------------------------------------
0 0031616873 MORTGAGORS: TSENG YUNG
TSENG MIN-LING
REGION CODE ADDRESS : 357 MELLOW LANE
01 CITY : LA CANADA - FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,044.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.86600
----------------------------------------------------------------
0 0031617079 MORTGAGORS: COX LOUIS
COX MELISSA
REGION CODE ADDRESS : 7052 HIGHWAY CR-30A
01 CITY : PORT ST. JOE
STATE/ZIP : FL 32456
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 : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,600.00
P & I AMT: 14,298.72
UPB AMT: 1,587,622.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031617293 MORTGAGORS: CAVANAUGH WAYNE
REGION CODE ADDRESS : 1361 INDEPENDENCE WAY
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,628.44 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 : 250
LTV : 40.00000
----------------------------------------------------------------
0 0031617319 MORTGAGORS: LIZZA FERDINAND
REGION CODE ADDRESS : 963 EDWARDS ROAD
01 CITY : PARSIPPANY
STATE/ZIP : NJ 07054
MORTGAGE AMOUNT : 153,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,302.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,469.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031617616 MORTGAGORS: KAUDERS CHRISTOPHER
REGION CODE ADDRESS : 337 HIGHLAND AVE
01 CITY : NEWTON
STATE/ZIP : MA 99999
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,519.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.53600
----------------------------------------------------------------
0 0031617871 MORTGAGORS: NOAH RAYMOND
NOAH TINA
REGION CODE ADDRESS : 4330 VALLEY RIDGE ROAD
01 CITY : DALLAS
STATE/ZIP : TX 75220
MORTGAGE AMOUNT : 323,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,634.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,883.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.80500
----------------------------------------------------------------
0 0031618663 MORTGAGORS: MARSTON GREGG
MARSTON CAROLINE
REGION CODE ADDRESS : 114 FORESIDE ROAD
01 CITY : CUMBERLAND FORESIDE
STATE/ZIP : ME 04110
MORTGAGE AMOUNT : 263,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.15000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,400,450.00
P & I AMT: 12,769.10
UPB AMT: 1,397,915.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031619265 MORTGAGORS: GATES DON
GATES ROBIN
REGION CODE ADDRESS : 9361 TAHITI CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 220,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.99200
----------------------------------------------------------------
0 0031619299 MORTGAGORS: COGAN JAMES
COGAN JOANNE
REGION CODE ADDRESS : 576 CRITCKETFIELD COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,121.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,013.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 52.02300
----------------------------------------------------------------
0 0031619976 MORTGAGORS: NEILSON DAVID
NEILSON SHERI
REGION CODE ADDRESS : 24327 FAIRWAY DRIVE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,942.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,244.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.06800
----------------------------------------------------------------
0 0031620560 MORTGAGORS: TUNIS PETER
TUNIS PAMELA
REGION CODE ADDRESS : 2212 STACY LANE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031620693 MORTGAGORS: MAKINENI SIVAKUMAR
GULLAPALLI SUPRIYA
REGION CODE ADDRESS : 481 SOUTH FRANCES STREET
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.87900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,700.00
P & I AMT: 14,247.44
UPB AMT: 1,562,764.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031620966 MORTGAGORS: CURRY PETER
REGION CODE ADDRESS : 100 FOOTHILL BLVD
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93405
MORTGAGE AMOUNT : 91,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 848.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 31.01600
----------------------------------------------------------------
0 0031621048 MORTGAGORS: HOFMA LAWRENCE
HOFMA LINDA
REGION CODE ADDRESS : 15280 HOPEFUL CHURCH ROAD
01 CITY : BUMPASS
STATE/ZIP : VA 23024
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 724.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 43.59600
----------------------------------------------------------------
0 0031621162 MORTGAGORS: QUAGLIATA LOUIS
REGION CODE ADDRESS : 46 COMMONWEALTH AVENUE UNIT 7
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 309,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031621287 MORTGAGORS: YOON ICK
YOON HYOHI
REGION CODE ADDRESS : 12 SAN GARIN
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,043.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.87200
----------------------------------------------------------------
0 0031621303 MORTGAGORS: HE LI-JING
LIOU FANG-LIN
REGION CODE ADDRESS : 1706 LEXINGTON ROAD
01 CITY : GREEN OAKS
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,744.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.13000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,084,250.00
P & I AMT: 9,820.72
UPB AMT: 1,083,293.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031621477 MORTGAGORS: DONG ROBERT
DONG ANNIE
REGION CODE ADDRESS : 7616 MARINA COVE DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,432.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,927.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.18849
----------------------------------------------------------------
0 0031621782 MORTGAGORS: JIMENEZ ALEX
JIMENEZ CONNIE
REGION CODE ADDRESS : 7689 VALE DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90602
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,672.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 951.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 32.30769
----------------------------------------------------------------
0 0031623390 MORTGAGORS: MAHDAVI SHERRI
REGION CODE ADDRESS : 928 GOLDENROD AVENUE
01 CITY : MEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,947.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 51.16200
----------------------------------------------------------------
0 0031623457 MORTGAGORS: NELSON WALTER
NELSON DELORES
REGION CODE ADDRESS : 1800 WASHOE ROAD
01 CITY : OLYMPIC VALLEY
STATE/ZIP : CA 96146
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 : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031623804 MORTGAGORS: RINGLE EDWARD
RINGLE RUTH
REGION CODE ADDRESS : 4091 SOUTH DELAWARE STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CA 80110
MORTGAGE AMOUNT : 64,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 607.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 55.17200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,121,500.00
P & I AMT: 10,372.60
UPB AMT: 1,105,552.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031624174 MORTGAGORS: CHAPARRO THOMAS
REGION CODE ADDRESS : 2019 VIA SOLONA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,951.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031624570 MORTGAGORS: FISHMAN ALAN
FISHMAN PHYLLIS
REGION CODE ADDRESS : 4 PRAIRIE FALCON LANE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 48.98600
----------------------------------------------------------------
0 0031624760 MORTGAGORS: SIEGEL RICHARD
SIEGEL SHARON
REGION CODE ADDRESS : 1014 43RD STREET SOUTH
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35222
MORTGAGE AMOUNT : 338,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,040.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031624828 MORTGAGORS: SABUTIS CHARLES
SABUTIS JUDITH
REGION CODE ADDRESS : 3636 FAIR OAKS PLACE
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,127.51 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 : 65.21700
----------------------------------------------------------------
0 0031625460 MORTGAGORS: BOHNE HENRY
BOHNE GRACE
REGION CODE ADDRESS : 6101 CLAY PIT ROAD
01 CITY : COLLEGE STATION
STATE/ZIP : TX 77845
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,271.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,446.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.31600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,900.00
P & I AMT: 15,849.62
UPB AMT: 1,748,599.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031627920 MORTGAGORS: DAVIS PAUL
DAVIS KARON
REGION CODE ADDRESS : 103 POST OAK TRAIL
01 CITY : ATHENS
STATE/ZIP : GA 30606
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,182.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,083.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 55.60900
----------------------------------------------------------------
0 0031628464 MORTGAGORS: DAVIS RANDALL
TURPIN-DAVIS KIM
REGION CODE ADDRESS : 211 WOODLAND TERRACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.41500
----------------------------------------------------------------
0 0031628738 MORTGAGORS: WANDKE ROLAND
WANDKE KATHLEEN
REGION CODE ADDRESS : 1373 BROADWAY
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,058.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031628878 MORTGAGORS: CHOI SIMON
CHOI SHARON
REGION CODE ADDRESS : 19110 KILLOCH WAY
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 78.00000
----------------------------------------------------------------
0 0031629587 MORTGAGORS: YI YONG
YI WHA
REGION CODE ADDRESS : 13034 DESTINO LANE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,602.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.84 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: 1,654,400.00
P & I AMT: 14,955.33
UPB AMT: 1,650,842.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031631468 MORTGAGORS: TSAI FORMING
TSAI CHEN
REGION CODE ADDRESS : 15367 LA BELLE STREET
01 CITY : HACIENDA HEIGHTS AREA
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,577.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031631641 MORTGAGORS: FREEMAN STEPHEN
FREEMAN CORRINE
REGION CODE ADDRESS : 19 SUNLIGHT
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,829.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,396.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.11500
----------------------------------------------------------------
0 0031631658 MORTGAGORS: TILLOTSON JOHN
TILLOTSON PATRICIA
REGION CODE ADDRESS : 234 STONE VALLEY WAY
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,595.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,231.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.31000
----------------------------------------------------------------
0 0031631815 MORTGAGORS: CASSEL SCOTT
PODZIBA SUSAN
REGION CODE ADDRESS : 21 ORCHARD ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,502.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031631864 MORTGAGORS: MORALES IVAN
REGION CODE ADDRESS : 7965 NORTHWEST 164TH TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33016
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,257.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,000.00
P & I AMT: 14,358.07
UPB AMT: 1,581,259.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031631872 MORTGAGORS: ELLSWORTH MARK
ELLSWORTH DEBRA
REGION CODE ADDRESS : 7313 FOXTREE COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 185,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031632706 MORTGAGORS: HOFFMAN DOUGLAS
HOFFMAN CONSTANCE
REGION CODE ADDRESS : 24646 HEATHER HEIGHTS PLACE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
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 : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 44.08800
----------------------------------------------------------------
0 0031632748 MORTGAGORS: HEIDINGSFELDER ROBERT
LE BEAU ANN-MARIE
REGION CODE ADDRESS : 108 OHLONE COURT
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,749.93 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 : 43.47800
----------------------------------------------------------------
0 0031632763 MORTGAGORS: SEYMOUR THOMAS
SEYMOUR LORETTA
REGION CODE ADDRESS : 4520 WINNETKA CIRCLE (WOODLAND HILL
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,059.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,630.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.63600
----------------------------------------------------------------
0 0031633068 MORTGAGORS: SPENCER MICHAEL
SPENCER SUZANNE
REGION CODE ADDRESS : 101 MIDDLETON PLACE
01 CITY : PONTE VERDA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,379.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,203.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 59.37500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,500.00
P & I AMT: 15,645.53
UPB AMT: 1,737,285.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031635394 MORTGAGORS: MERRILL MICHAEL
MERRILL DELORES
REGION CODE ADDRESS : 501 OLINDA DRIVE
01 CITY : LA HABRA
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,073.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,354.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.36300
----------------------------------------------------------------
0 0031635931 MORTGAGORS: HIRSIG ALAN
HIRSIG NANCY
REGION CODE ADDRESS : 526 COLLEGE AVENUE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 610,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,482.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.71000
----------------------------------------------------------------
0 0031637028 MORTGAGORS: FENDER EARL
REGION CODE ADDRESS : 280 BONNIE LANE
01 CITY : AURORA
STATE/ZIP : OH 44202
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031637978 MORTGAGORS: SCHAMBACH ROBERT
SCHAMBACH MARY
REGION CODE ADDRESS : 13590 MURPHY HILL DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90601
MORTGAGE AMOUNT : 137,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,464.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,239.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031638166 MORTGAGORS: WATSON PAUL
WATSON EVA
REGION CODE ADDRESS : 3348 ANDY WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,154.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,593,800.00
P & I AMT: 14,259.69
UPB AMT: 1,591,693.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031640683 MORTGAGORS: KHAN MAZHAR
KHAN TAIYEBA
REGION CODE ADDRESS : 15470 LA PALA COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 67.12900
----------------------------------------------------------------
0 0031644271 MORTGAGORS: GUSTAFSON JAMES
GUSTAFSON CONSTANCE
REGION CODE ADDRESS : 11710 SPRIGGS WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,639.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,949.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.89400
----------------------------------------------------------------
0 0031645773 MORTGAGORS: SILVER MICHAEL
SILVER VICKIE
REGION CODE ADDRESS : 7115 WEST LANTERN LANE
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,743.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031647084 MORTGAGORS: ROBICHAUX WALTER
ROBICHAUX CINDY
REGION CODE ADDRESS : 619 DAVIS STREET
01 CITY : TAYLOR
STATE/ZIP : TX 76574
MORTGAGE AMOUNT : 66,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,299.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 616.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 51.15300
----------------------------------------------------------------
0 0031648447 MORTGAGORS: GROSS JOEL
REGION CODE ADDRESS : 833 ROSEDALE AVENUE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,596.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,575.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.46100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,000.00
P & I AMT: 12,552.04
UPB AMT: 1,386,534.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648728 MORTGAGORS: BARNES THOMAS
REGION CODE ADDRESS : 34300 LANTERN BAY DRIVE #57
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,532.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648892 MORTGAGORS: HOWE CHARLES
HOWE KATHY
REGION CODE ADDRESS : 940 SHORELINE CIRCLE
01 CITY : CICERO
STATE/ZIP : IN 46034
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,188.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031650195 MORTGAGORS: WOO HENRY
WOO SUSAN
REGION CODE ADDRESS : 25712 RAIN TREE ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,121.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031650245 MORTGAGORS: TANSEY FRANCIS
TANSEY MARIJKE
REGION CODE ADDRESS : 7 BAILEY DRIVE
01 CITY : GUILFORD
STATE/ZIP : CT 06437
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.15400
----------------------------------------------------------------
0 0031650369 MORTGAGORS: LINN MARSHALL
LINN JOYCE
REGION CODE ADDRESS : 1275 PACIFIC AVENUE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 28.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,654,000.00
P & I AMT: 14,862.85
UPB AMT: 1,653,188.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031650518 MORTGAGORS: HILL DEBORAH
REGION CODE ADDRESS : 25652 RIMGATE DRIVE #1F
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 84,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 84,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 778.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031651417 MORTGAGORS: EIRANOVA FLORENCIO
EIRANOVA LIDIA
REGION CODE ADDRESS : 25431 PACIFICA AVENUE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031652233 MORTGAGORS: GURGANUS LARRY
DRAXLER GREG
REGION CODE ADDRESS : 508 21ST STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,953.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,925.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.17600
----------------------------------------------------------------
0 0031652910 MORTGAGORS: KULZE JOHN
KULZE ANN
REGION CODE ADDRESS : 1 PITT STREET
01 CITY : CHARLESTON
STATE/ZIP : SC 29401
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,950.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,934.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.07500
----------------------------------------------------------------
0 0031652936 MORTGAGORS: KARAPOGOSIAN MELKON
REGION CODE ADDRESS : 733 SOUTH SHORE DRIVE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,362.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,527.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,262,250.00
P & I AMT: 11,357.01
UPB AMT: 1,259,267.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031653710 MORTGAGORS: KITSELMAN KURT
KITSELMAN JEANETTE
REGION CODE ADDRESS : 155 NORTH CLEVELAND STREET
01 CITY : ORANGE
STATE/ZIP : CA 92866
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,202.77 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 : 78.88800
----------------------------------------------------------------
0 0031653751 MORTGAGORS: AHUJA DUSHANT
AHUJA VEENA
REGION CODE ADDRESS : 23807 RIDGE LINE ROAD
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,069.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,741.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 42.06800
----------------------------------------------------------------
0 0031653850 MORTGAGORS: PHARAR VIJAY
REGION CODE ADDRESS : 23810 RIDGELINE ROAD
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,721.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,235.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 43.63600
----------------------------------------------------------------
0 0031656226 MORTGAGORS: MARTIN RICHARD
MARTIN MICHELE
REGION CODE ADDRESS : 911 LILAC LANE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 37,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 37,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 335.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 22.15500
----------------------------------------------------------------
0 0031656440 MORTGAGORS: SCHNEIDERMAN STEPHEN
KLEPPE JOHANNA
REGION CODE ADDRESS : 2725 PINE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,266.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.59500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,269,000.00
P & I AMT: 11,468.43
UPB AMT: 1,261,260.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031656457 MORTGAGORS: HOYAS ALAN
HOYAS BONNIE
REGION CODE ADDRESS : 389 EDGEWATER ROAD
01 CITY : PASADENA
STATE/ZIP : MD 21122
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,131.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,805.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.44800
----------------------------------------------------------------
0 0031657372 MORTGAGORS: ALFON KEITH
ALFON SANDRA
REGION CODE ADDRESS : 7801 MCCONNELL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031658396 MORTGAGORS: MCGINTY PATRICK
MCGINTY CHRISTA
REGION CODE ADDRESS : 19495 RIVERDALE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.22000
----------------------------------------------------------------
0 0031660624 MORTGAGORS: MASON FRED
MASON LIZA
REGION CODE ADDRESS : 5911 AMBERDALE DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 929.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031661226 MORTGAGORS: MEDRANO LYNNE
GUERRA GEORGE
REGION CODE ADDRESS : 3667 WYNDHAM DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,277.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,136.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,229,000.00
P & I AMT: 11,234.74
UPB AMT: 1,226,409.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031661234 MORTGAGORS: HENRY CHARLES
HENRY GRACE
REGION CODE ADDRESS : 12013 TRETAGNIER CIRCLE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,199.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.05200
----------------------------------------------------------------
0 0031661242 MORTGAGORS: VOITH JOHN
VOITH ROBIN
REGION CODE ADDRESS : 22082 OAK GROVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 425,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,043.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,793.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 52.97600
----------------------------------------------------------------
0 0031661259 MORTGAGORS: KIM KWANG
KIM SOO
REGION CODE ADDRESS : 1439 HIGH BLUFF DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,923.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,125.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 46.30800
----------------------------------------------------------------
0 0031661267 MORTGAGORS: GUEST STEVEN
GUEST L.
REGION CODE ADDRESS : 22755 MAPLEWOOD,
01 CITY : MISSION VIEJO,
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,981.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,012.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031661978 MORTGAGORS: RICHARDSON MICHAEL
RICHARDSON MARY ANNE
REGION CODE ADDRESS : 9 RYDDINGTON PLACE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 454,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,109.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,991.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 48.62000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,806,000.00
P & I AMT: 16,161.44
UPB AMT: 1,794,257.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031662828 MORTGAGORS: SINATRA STEPHEN
REGION CODE ADDRESS : 101 SNOWMASS ROAD, #1A
01 CITY : MT. CRESTED BUTTE
STATE/ZIP : CO 81225
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,468.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.96700
----------------------------------------------------------------
0 0031662844 MORTGAGORS: STAVOLONE PAUL
REGION CODE ADDRESS : 820 WINDMILL PALM COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 285,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,781.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031662869 MORTGAGORS: PICKRELL ROBERT
PICKRELL LOREN
REGION CODE ADDRESS : 7020 WESTERN AVE
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,316.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.11700
----------------------------------------------------------------
0 0031662919 MORTGAGORS: MILES KENNETH
MILES DIANA
REGION CODE ADDRESS : 9465 GULLEY'S COVE LANE
01 CITY : EASTON
STATE/ZIP : MD 21601
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,707.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,542.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031662935 MORTGAGORS: LANG JAMES
REGION CODE ADDRESS : 26 CAPE JASMINE PLACE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 365,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,134.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,257.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.99425
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,459,450.00
P & I AMT: 13,143.82
UPB AMT: 1,451,408.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031663008 MORTGAGORS: SU HUA
SU SU
REGION CODE ADDRESS : 22717 SOUTHEAST 27TH STREET
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,992.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,818.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031663040 MORTGAGORS: THOMPSON WILLIAM
THOMPSON PAULA
REGION CODE ADDRESS : 200 IPSWICH PLACE
01 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,005.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.54900
----------------------------------------------------------------
0 0031663081 MORTGAGORS: KEANE WILLIAM
ROMANOKE JILL
REGION CODE ADDRESS : 1943 LORRAINE AVENUE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,451.86 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 : 69.83200
----------------------------------------------------------------
0 0031663107 MORTGAGORS: HELVESTON STEVE
HELVESTON LINDA
REGION CODE ADDRESS : 2782 DAWSONS CHASE
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,018.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,796.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.66600
----------------------------------------------------------------
0 0031663123 MORTGAGORS: FANCY ARVIND
FANCY BHADRA
REGION CODE ADDRESS : 112 LOCKHART LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,651.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,500.00
P & I AMT: 14,795.67
UPB AMT: 1,622,468.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031663131 MORTGAGORS: HEATON RONALD
HEATON ANNE
REGION CODE ADDRESS : 201 EAST HIGHFIELD ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21218
MORTGAGE AMOUNT : 260,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,051.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 41.38000
----------------------------------------------------------------
0 0031663164 MORTGAGORS: COOK WILLIAM
COOK TINA
REGION CODE ADDRESS : 2301 HAZELTINE DRIVE
01 CITY : JONESBORO
STATE/ZIP : AR 72401
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,086.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,351.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.02400
----------------------------------------------------------------
0 0031663214 MORTGAGORS: CALLAHAN THOMAS
CALLAHAN JANIFER
REGION CODE ADDRESS : 3202 SOUTH THREE BARS ROAD
01 CITY : ST GEORGE
STATE/ZIP : UT 84790
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,981.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,656.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031663230 MORTGAGORS: BEYER RICHARD
BEYER CINDY
REGION CODE ADDRESS : 11593 NEWPORT COVE LANE
01 CITY : RESTON
STATE/ZIP : VA 22094
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,382.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031663370 MORTGAGORS: OBAJI SUHAIL
OBAJI ROLA
REGION CODE ADDRESS : 3424 HOLLOW CREEK ROAD
01 CITY : MEMPHIS
STATE/ZIP : TN 38125
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,249.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,662.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,895,950.00
P & I AMT: 17,079.65
UPB AMT: 1,884,751.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031663388 MORTGAGORS: SCHIBLER RICHARD
SCHIBLER SUSAN
REGION CODE ADDRESS : 1760 AVENIDA DEL MUNDO #805
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 337,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,134.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,101.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031663420 MORTGAGORS: KUEHN ALAN
REGION CODE ADDRESS : 175 DORRIS ROAD
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,108.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,885.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.95100
----------------------------------------------------------------
0 0031663438 MORTGAGORS: BONUCCELLI CATHERINE
RYAN THOMAS
REGION CODE ADDRESS : 1030 WELDIN CIRCLE
01 CITY : WILMINGTON
STATE/ZIP : DE 19803
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,362.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031663446 MORTGAGORS: MILLER JAMES
MILLER MARY
REGION CODE ADDRESS : 10704 HAWES END COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89123
MORTGAGE AMOUNT : 272,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,365.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031663453 MORTGAGORS: PETTIBONE WILLIAM
PETTIBONE JANE
REGION CODE ADDRESS : 915 ALMAS COURT
01 CITY : SANIBEL
STATE/ZIP : FL 33957
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,495.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.17200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,450.00
P & I AMT: 14,377.03
UPB AMT: 1,587,466.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031663495 MORTGAGORS: NELSON RICHARD
DZUBERA PATRICIA
REGION CODE ADDRESS : 2115 S OCEAN BLVD #3
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33483
MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,882.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.46400
----------------------------------------------------------------
0 0031663545 MORTGAGORS: HISCOX STEVEN
HISCOX TAMMY
REGION CODE ADDRESS : 11 RYAN LANE
01 CITY : HONEY BROOK
STATE/ZIP : PA 19344
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,705.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 88.58100
----------------------------------------------------------------
0 0031663560 MORTGAGORS: FORT LEWIS
FORT GLORIA
REGION CODE ADDRESS : 1533 MASSEY MANOR LANE
01 CITY : MEMPHIS
STATE/ZIP : TN 38120
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,190.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,990.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.04000
----------------------------------------------------------------
0 0031663578 MORTGAGORS: SMITH MICHAEL
SMITH BEVERLY
REGION CODE ADDRESS : 4231 PINEHURST CIRCLE
01 CITY : STOCKTON
STATE/ZIP : CA 95219
MORTGAGE AMOUNT : 256,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,993.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,324.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.56500
----------------------------------------------------------------
0 0031663602 MORTGAGORS: NGUYEN BAN
TRAN QUY
REGION CODE ADDRESS : 1 WILLOWTREE COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,114.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 52.81600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,300.00
P & I AMT: 13,498.07
UPB AMT: 1,495,886.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031663826 MORTGAGORS: MIDGETTE JODY
EVANS STEPHEN
REGION CODE ADDRESS : 128 FLIGHT DRIVE
01 CITY : DUCK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,789.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,578.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031664006 MORTGAGORS: FARNAN JOHN
REGION CODE ADDRESS : 704 SUMMIT COUNTY RD 672
01 CITY : BRECKENRIDGE
STATE/ZIP : CO 80424
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,244.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031664022 MORTGAGORS: LAWRENCE RICHARD
REGION CODE ADDRESS : 4450 NORTHSIDE DR
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,742.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,796.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.99000
----------------------------------------------------------------
0 0031664030 MORTGAGORS: YOUNG MICHAEL
YOUNG MILLICENT
REGION CODE ADDRESS : 6244 E SHADY GROVE RD
01 CITY : MEMPHIS
STATE/ZIP : TN 38120
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,507.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.94600
----------------------------------------------------------------
0 0031664071 MORTGAGORS: TINKER EUGENE
REGION CODE ADDRESS : 35568 BUENA VISTA LANE
01 CITY : CRESWELL
STATE/ZIP : OR 97426
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,383.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.69700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,902,900.00
P & I AMT: 17,245.13
UPB AMT: 1,892,668.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031664105 MORTGAGORS: EICHACKER PETER
EICHACKER NANCY
REGION CODE ADDRESS : 18605 BROOKE ROAD
01 CITY : SANDY SPRINGS
STATE/ZIP : MD 20860
MORTGAGE AMOUNT : 262,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,938.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 87.24200
----------------------------------------------------------------
0 0031664147 MORTGAGORS: DE ANGELIS MICHAEL
DE ANGELIS ANGELINA
REGION CODE ADDRESS : 103 STONEYBROOK BLVD.
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,840.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,125.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031664154 MORTGAGORS: MASSARI KERRY
REGION CODE ADDRESS : 6075 BAYOU GRANDE BLVD NE
01 CITY : ST PETERSBURG
STATE/ZIP : FL 33703
MORTGAGE AMOUNT : 275,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,377.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 83.87100
----------------------------------------------------------------
0 0031664170 MORTGAGORS: KLIMECKI KERRY
KLIMECKI KELLY
REGION CODE ADDRESS : 1012 HICKORY AVENUE
01 CITY : HIXSON
STATE/ZIP : TN 37343
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,779.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031664204 MORTGAGORS: MONACELLI MIRO
MONACELLI NANCY
REGION CODE ADDRESS : 2402 BURNHAM DRIVE
01 CITY : FALLSTON
STATE/ZIP : MD 21047
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,437.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.40500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,200.00
P & I AMT: 12,767.61
UPB AMT: 1,399,372.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031664220 MORTGAGORS: OLSON DONALD
OLSON SANDRA
REGION CODE ADDRESS : 208 ROCK RIDGE ROAD
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 474,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,479.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,297.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.07500
----------------------------------------------------------------
0 0031664246 MORTGAGORS: AGNEW JOHN
POLK DANA
REGION CODE ADDRESS : 5723 HIGH LANE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,414.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.14200
----------------------------------------------------------------
0 0031664899 MORTGAGORS: HOLZBERGER KEITH
HOLZBERGER CAROL
REGION CODE ADDRESS : 12403 N. GOLF DRIVE UNIT 7
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,141.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.22200
----------------------------------------------------------------
0 0031664931 MORTGAGORS: COHEN STEVEN
RUBIN JANET
REGION CODE ADDRESS : 28 NATHAN DRIVE
01 CITY : MONTVILLE (AKA TOWACO)
STATE/ZIP : NJ 07082
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.39400
----------------------------------------------------------------
0 0031665078 MORTGAGORS: CURTIS JEFFREY
CURTIS ZDENKA
REGION CODE ADDRESS : 7135 WINTERWOOD LANE
01 CITY : HIGHLAND
STATE/ZIP : CA 92346
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,156.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,450.00
P & I AMT: 14,825.06
UPB AMT: 1,644,192.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031665094 MORTGAGORS: NGUYEN THIEN
TRAN LEE
REGION CODE ADDRESS : 3394 OAKMONT VIEW DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,672.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,925.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.56300
----------------------------------------------------------------
0 0031665110 MORTGAGORS: NINYO HAYIM
NINYO MIRIAM
REGION CODE ADDRESS : 8 BRILLANTEZ
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,110.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.08200
----------------------------------------------------------------
0 0031665953 MORTGAGORS: MANGAN MICHAEL
MANGAN KIM
REGION CODE ADDRESS : 7309 BELLONA AVENUE
01 CITY : BALTIMORE
STATE/ZIP : MD 21212
MORTGAGE AMOUNT : 393,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,140.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,506.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 37.44700
----------------------------------------------------------------
0 0031665995 MORTGAGORS: TOWNSEND JOANNE
TOWNSEND GREG
REGION CODE ADDRESS : 581 REGALIA COURT
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,341.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,564.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.76600
----------------------------------------------------------------
0 0031667413 MORTGAGORS: SCHNELL BRENT
SCHNELL LAURIE
REGION CODE ADDRESS : 2445 WEST GULF DRIVE # E-26
01 CITY : SANIBEL
STATE/ZIP : FL 33957
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,807.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,986,200.00
P & I AMT: 17,975.62
UPB AMT: 1,973,072.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031667462 MORTGAGORS: KRONICK LAURA
WEICHBRODT WILLIAM
REGION CODE ADDRESS : 2499 PERRY PARK AVENUE
01 CITY : LARKSPUR
STATE/ZIP : CO 80118
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,025.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031667470 MORTGAGORS: ALLEN DENNIS
ALLEN JUDITH
REGION CODE ADDRESS : 14525 EIGHTEENTH FAIRWAY
01 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,030.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,711.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031667512 MORTGAGORS: STRESS JAMES
STRESS DIANA
REGION CODE ADDRESS : 6705 EAST BARWICK DRIVE
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,323.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031667546 MORTGAGORS: GRIER JOHN
REGION CODE ADDRESS : 100 VINE STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,963.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 35.13500
----------------------------------------------------------------
0 0031667579 MORTGAGORS: HAERIAN MOHAMMAD
REGION CODE ADDRESS : 10630 POT SPRING ROAD
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,564.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,013.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.77000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,650.00
P & I AMT: 14,047.86
UPB AMT: 1,559,907.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031667603 MORTGAGORS: WIEZEL JAMES
WIEZEL JENNIFER
REGION CODE ADDRESS : 6310 INDIAN SPRINGS ROAD
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,122.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.92100
----------------------------------------------------------------
0 0031667637 MORTGAGORS: PARLAPIANO DOMINICK
PARLAPIANO MAYRA
REGION CODE ADDRESS : 6650 SW 118 STREET
01 CITY : PINECREST
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 361,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,359.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,249.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.31200
----------------------------------------------------------------
0 0031667744 MORTGAGORS: MITTAR PREM
MITTAR ASHA
REGION CODE ADDRESS : 3202 GLOUCHESTER DRIVE
01 CITY : FALLSTON
STATE/ZIP : MD 21047
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,452.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031667793 MORTGAGORS: FERRELL DON
FERRELL BARBARA
REGION CODE ADDRESS : 11000 SW 190TH STREET
01 CITY : DUNNELLON
STATE/ZIP : FL 34432
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,218.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031667926 MORTGAGORS: PHAM DIEN
NGUYEN HENNY
REGION CODE ADDRESS : 7732 LEHIGH PLACE
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,666.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,200.00
P & I AMT: 13,801.94
UPB AMT: 1,525,818.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031667967 MORTGAGORS: BUCKINGHAM EDWARD
BUCKINGHAM PAMELA
REGION CODE ADDRESS : 7043 S. ROBB STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,913.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,169.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031667991 MORTGAGORS: MERICKLE ROBERT
MERICKLE TINA
REGION CODE ADDRESS : 1156 AURORIA ROAD
01 CITY : DAWSONVILLE
STATE/ZIP : GA 30534
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,720.83 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 : 43.01000
----------------------------------------------------------------
0 0031668122 MORTGAGORS: MONTAVON ROBERT
MONTAVON LAVONNE
REGION CODE ADDRESS : 5001 SABLE KEY CIRCLE
01 CITY : PUNTA GORDA
STATE/ZIP : FL 33955
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,200.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031668148 MORTGAGORS: WONNACOTT BRADLEY
WONNACOTT MARION
REGION CODE ADDRESS : 1004 STREAM VALLEY CT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 245,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,343.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.51500
----------------------------------------------------------------
0 0031668221 MORTGAGORS: ROGERS JAMES
ROGERS CAROLYN
REGION CODE ADDRESS : 9355 COLONNADE TRAIL
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,779.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,751.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,815,900.00
P & I AMT: 16,974.37
UPB AMT: 1,765,958.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031668262 MORTGAGORS: BRUZZONE LUIGINA
KRANDELL BRIAN
REGION CODE ADDRESS : 11131 MAHOGANY DRIVE
01 CITY : HAGERSTOWN
STATE/ZIP : MD 21740
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,116.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031669807 MORTGAGORS: SHAHINFAR SHAHIN
REGION CODE ADDRESS : 1324 RAINBOW DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,883.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,121.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.26800
----------------------------------------------------------------
0 0031672157 MORTGAGORS: IRWIN THOMAS
IRWIN MARY
REGION CODE ADDRESS : 11309 E ARABIAN PARK DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,611.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,954.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.69230
----------------------------------------------------------------
0 0031675846 MORTGAGORS: HARKNESS M
VAYO MARSHELLA
REGION CODE ADDRESS : 7883 CLEARWATER COVE DRIVE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46240
MORTGAGE AMOUNT : 302,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,844.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676018 MORTGAGORS: IONOV STANISLAV
IONOVA IRINA
REGION CODE ADDRESS : 26025 MULHOLLAND HIGHWAY
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.36700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,800.00
P & I AMT: 15,396.47
UPB AMT: 1,703,456.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676182 MORTGAGORS: TSOU JOHN
TSOU ANNA
REGION CODE ADDRESS : 32 PORT ROYAL AVENUE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,751.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 70.79600
----------------------------------------------------------------
0 0031677891 MORTGAGORS: WACHTER KEVIN
WACHTER CHERYL
REGION CODE ADDRESS : 21842 CAMINITO DRIVE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
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 : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.57100
----------------------------------------------------------------
0 0031680762 MORTGAGORS: ROGACHYOV SAM
ROGACHYOVA GALINA
REGION CODE ADDRESS : 1655 NORTH OGDEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,764.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 54.86700
----------------------------------------------------------------
0 0031680796 MORTGAGORS: BOBIT EDWARD
REGION CODE ADDRESS : 2008 PASEO DEL MAR
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,938.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 24.38400
----------------------------------------------------------------
0 0031680820 MORTGAGORS: KONSTANTINIDIS BYRON
KONSTANTINIDIS KAITE
REGION CODE ADDRESS : 6831 DERBY CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,615.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,870.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.86200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,722,000.00
P & I AMT: 15,561.58
UPB AMT: 1,719,367.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031683261 MORTGAGORS: KELLEY SCOTT
KELLEY LATITIA
REGION CODE ADDRESS : 101 METZ COURT
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,562.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,878.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.62500
----------------------------------------------------------------
0 0031683832 MORTGAGORS: KLITZSCH JOACHIM
KLITZSCH CLAUDIA
REGION CODE ADDRESS : 20402 STAGHORN CT
01 CITY : CORNELIUS
STATE/ZIP : NC 28031
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,927.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,056.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.67600
----------------------------------------------------------------
0 0031683915 MORTGAGORS: STEENBLIK JAN
TIDYMAN KATHRYN
REGION CODE ADDRESS : 9109 CRICKLEWOOD COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 290,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,872.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,593.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031688138 MORTGAGORS: WU PEYJEN
REGION CODE ADDRESS : 304 WINDMILL PARK LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,938.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 74.72500
----------------------------------------------------------------
0 0031688302 MORTGAGORS: CANSLER ROYCE
CANSLER LAURA
REGION CODE ADDRESS : 34822 CALLE FORTUNA
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.75900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,300.00
P & I AMT: 13,597.89
UPB AMT: 1,517,362.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031688401 MORTGAGORS: GHAJAR ANTHONY
GHAJAR AMIR
REGION CODE ADDRESS : 19 & 21 RIDGE AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031689961 MORTGAGORS: RISSMAN ROBERT
RISSMAN PEARL
REGION CODE ADDRESS : 3715 SHALLOWBROOK DR
01 CITY : BLOOMFEILD HILLS
STATE/ZIP : MI 48302
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,303.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031690167 MORTGAGORS: GAINES JAMES
GAINES NANCY
REGION CODE ADDRESS : 5489 EAST ANAHEIM ROAD
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,804.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031690449 MORTGAGORS: NOVAK MARIAN
NOVAK KENNETH
REGION CODE ADDRESS : 13753 RECUERDO DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.77700
----------------------------------------------------------------
0 0031690464 MORTGAGORS: CHUNG ANDY
CHUNG AILEEN
REGION CODE ADDRESS : 1297 INVERNESS COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,396.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,000.00
P & I AMT: 14,681.70
UPB AMT: 1,615,303.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031690472 MORTGAGORS: MCCARTHY THOMAS
MCCARTHY KATHLEEN
REGION CODE ADDRESS : 440 VIA EL CHICO
01 CITY : TORRANCE
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 40.31400
----------------------------------------------------------------
0 0031690480 MORTGAGORS: GRIMES STEVEN
GRIMES NANCY
REGION CODE ADDRESS : 6639 RIDGE MANOR AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031691975 MORTGAGORS: FERNANDO ROGER
FERNANDO SUSAN
REGION CODE ADDRESS : 429 STONEYBROOK COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,587.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031693252 MORTGAGORS: TAYLOR CHARLES
TAYLOR MINNA
REGION CODE ADDRESS : 2254 KELTON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,139.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0070027479 MORTGAGORS: FORTH MICHAEL
FORTH NANETTE
REGION CODE ADDRESS : 5609 WEST IRVINE DRIVE
01 CITY : EDMOND
STATE/ZIP : OK 73003
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,945.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/08
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.78261
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,400.00
P & I AMT: 15,224.01
UPB AMT: 1,610,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070064209 MORTGAGORS: FRELINGHUYSE RODNEY
FRELINGHUYSE VIRGINIA
REGION CODE ADDRESS : 3271 P STREET NORTHWEST
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,337.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 33.72671
----------------------------------------------------------------
0 0070069489 MORTGAGORS: WATERHOUSE SCOTT
WATERHOUSE SUE
REGION CODE ADDRESS : 250 WEST 90TH STREET
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 67.89474
----------------------------------------------------------------
0 0070071923 MORTGAGORS: HESS JAMES
HESS JULIA
REGION CODE ADDRESS : 11722 EAST DESERT VISTA
01 CITY : PHOENIX
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070095344 MORTGAGORS: HUTCHENS JON
HUTCHENS PATRICIA
REGION CODE ADDRESS : 179 DAVID DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 257,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 59.29885
----------------------------------------------------------------
0 0070105614 MORTGAGORS: BRIDE PETER
BRIDE LYNN
REGION CODE ADDRESS : 4345 ARISTA STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 320,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.40816
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,387,950.00
P & I AMT: 12,223.86
UPB AMT: 1,386,787.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070109707 MORTGAGORS: MEJIA RICARDO
MEJIA KIM
REGION CODE ADDRESS : 5607 FAIRVIEW PL
01 CITY : AGOURA HILL
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 321,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.23438
----------------------------------------------------------------
0 0070110887 MORTGAGORS: TORRES YOLANDA
TORRES FRANK
REGION CODE ADDRESS : 16316 VILLA REAL
01 CITY : TAMPA
STATE/ZIP : FL 33613
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,724.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.20415
----------------------------------------------------------------
0 0070114228 MORTGAGORS: PECKIS JOSEPH
PECKIS EILEEN
REGION CODE ADDRESS : 11828 HUNTING RIDGE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,614.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,021.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070122924 MORTGAGORS: CAMPBELL THOMAS
CAMPBELL MARY
REGION CODE ADDRESS : 517 QUEEN STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,907.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 37.23404
----------------------------------------------------------------
0 0070125455 MORTGAGORS: SKOLNICK ALAN
SKOLNICK ELIZABETH
REGION CODE ADDRESS : 14 BUCKSPARK COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,094.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.31579
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,805,500.00
P & I AMT: 16,298.88
UPB AMT: 1,800,841.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070129770 MORTGAGORS: ALVARADO CLARK
ALVARADO JOANNE
REGION CODE ADDRESS : 3850 SOUTHWEST 106TH
01 CITY : DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.02997
----------------------------------------------------------------
0 0070150727 MORTGAGORS: ROBB TIMOTHY
ROBB CELESTE
REGION CODE ADDRESS : 6705 EAST TOWNSEND WINONA
01 CITY : FLAGSTAFF
STATE/ZIP : AZ 86004
MORTGAGE AMOUNT : 263,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,944.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 41.15625
----------------------------------------------------------------
0 0070157102 MORTGAGORS: ZAFFARANO FRANK
ZAFFARANO ANTONETTE
REGION CODE ADDRESS : 5465-12 MONTEREY CIRCLE
01 CITY : DELRAY BEAC
STATE/ZIP : FL 33484
MORTGAGE AMOUNT : 81,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 742.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.55469
----------------------------------------------------------------
0 0070167846 MORTGAGORS: ANDERSON BRUCE
ANDERSON NANCY
REGION CODE ADDRESS : 8118 NORTH 12TH STREET
01 CITY : TACOMA
STATE/ZIP : WA 98406
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,235.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.39566
----------------------------------------------------------------
0 0070175641 MORTGAGORS: TOLKSDORF MATTHIAS
TOLKSDORF TERESA
REGION CODE ADDRESS : 849 WEATHERHILL ROAD
01 CITY : JEFFERSON C
STATE/ZIP : MO 65101
MORTGAGE AMOUNT : 342,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,868.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,082.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.70755
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,178,700.00
P & I AMT: 10,621.91
UPB AMT: 1,173,397.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070176102 MORTGAGORS: CHUANG CHUN MEI
REGION CODE ADDRESS : 888 COUNTRY ROAD
01 CITY : MONTEREY
STATE/ZIP : CA 91755
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 83.73702
----------------------------------------------------------------
0 0070176706 MORTGAGORS: RAO RAM
RAO LALITHA
REGION CODE ADDRESS : 1402 SOUTH STONECREST PLAC
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.45161
----------------------------------------------------------------
0 0070178033 MORTGAGORS: RAE IAN
RAE CATHERINE
REGION CODE ADDRESS : 580 DUNE ROAD
01 CITY : WESTHAMPTON
STATE/ZIP : NY 11977
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,676.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.87500
----------------------------------------------------------------
0 0070182183 MORTGAGORS: EBELING CHARLES
EBELING JOAN
REGION CODE ADDRESS : 12445 RUE FOUNTAINBLEAU
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 273,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,344.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 45.19008
----------------------------------------------------------------
0 0070186556 MORTGAGORS: ENG RATHNARY
LIM NORMAN
REGION CODE ADDRESS : 2816 GLEN DECKER COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 250,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,166.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.70833
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,850.00
P & I AMT: 11,599.48
UPB AMT: 1,262,066.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070189626 MORTGAGORS: GIROIR SCOTT
GIROIR CYNTHIA
REGION CODE ADDRESS : 422 PALM DRIVE
01 CITY : BRAITHWAITE
STATE/ZIP : LA 70040
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,097.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 69.63788
----------------------------------------------------------------
0 0070194824 MORTGAGORS: OBRIEN EDWARD
OBRIEN CAMILLE
REGION CODE ADDRESS : 38 LAWNDALE STREET
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,989.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.34653
----------------------------------------------------------------
0 0070195748 MORTGAGORS: COBB TYRUS
COBB SUELLEN
REGION CODE ADDRESS : 64 BRIDGEGATE DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 38.32335
----------------------------------------------------------------
0 0070200399 MORTGAGORS: SALTHOUSE J
REGION CODE ADDRESS : 41 PLEASENT VALLEY HARBOUR
01 CITY : TITUSVILLE
STATE/ZIP : NJ 08560
MORTGAGE AMOUNT : 387,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,535.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.40909
----------------------------------------------------------------
0 0070202098 MORTGAGORS: MC CULLOUGH PAUL
MC CULLOUGH KATHLEEN
REGION CODE ADDRESS : 350 UPPER BOULEVARD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.48780
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,410,250.00
P & I AMT: 12,766.91
UPB AMT: 1,410,250.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070207006 MORTGAGORS: SLATTERY THOMAS
SLATTERY KATHRYN
REGION CODE ADDRESS : 228 SOUTH AVENUE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,672.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 63.84615
----------------------------------------------------------------
0 0070213590 MORTGAGORS: HORNER B
HORNER SUE
REGION CODE ADDRESS : 810 KLEBERG COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.23810
----------------------------------------------------------------
0 0070214622 MORTGAGORS: HUTSON H
HUTSON LINDA
REGION CODE ADDRESS : 38 WAVE CREST AVENUE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,116.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66667
----------------------------------------------------------------
0 0070216239 MORTGAGORS: FAIR JERRY
FAIR BLYTHE
REGION CODE ADDRESS : 283 MAGNOLIA STREET
01 CITY : Costa Mesa
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,977.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,063.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.92000
----------------------------------------------------------------
0 0070222385 MORTGAGORS: GEHR ARTHUR
REGION CODE ADDRESS : 3033 NORTH MANOR DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85014
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.91398
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,000.00
P & I AMT: 14,729.28
UPB AMT: 1,538,094.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070230404 MORTGAGORS: OVERHOLSER RODGER
OVERHOLSER MARSHA
REGION CODE ADDRESS : 1441 43RD STREET SE
01 CITY : CEDAR RAPID
STATE/ZIP : IA 52403
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.02312
----------------------------------------------------------------
0 0070234604 MORTGAGORS: ODENATH DAVID
ODENATH ELLEN
REGION CODE ADDRESS : 30 SPRINGHILL ROAD
01 CITY : MENDHAM
STATE/ZIP : NJ 07945
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 27.29258
----------------------------------------------------------------
0 0070238621 MORTGAGORS: RODRIGUEZ NORBERTO
RODRIGUEZ JOAN
REGION CODE ADDRESS : 2830 NORTH GEYER ROAD
01 CITY : SAINT LOUIS
STATE/ZIP : MO 63131
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 31.20095
----------------------------------------------------------------
0 0070240932 MORTGAGORS: RAFTER JOHN
RAFTER LORIE
REGION CODE ADDRESS : 5595 BLUEBROOK LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,683.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.24036
----------------------------------------------------------------
0 0070241369 MORTGAGORS: ANTOUN RAJI
REGION CODE ADDRESS : 1747 ORLEANS COURT
01 CITY : WALNUT CREE
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.67674
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,309,400.00
P & I AMT: 11,970.63
UPB AMT: 1,309,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070244371 MORTGAGORS: HART MICHAEL
HART DARLENE
REGION CODE ADDRESS : 411 WEST 46TH TERRACE
01 CITY : KANSAS CITY
STATE/ZIP : MO 64112
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,419.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.60870
----------------------------------------------------------------
0 0070260948 MORTGAGORS: NELSON IRA
REGION CODE ADDRESS : 252 BELLE ISLE
01 CITY : GEORGETOWN
STATE/ZIP : SC 29440
MORTGAGE AMOUNT : 25,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 25,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 298.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/08
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 33.48684
----------------------------------------------------------------
0 0070261383 MORTGAGORS: ULYETT PAUL
ULYETT EILA
REGION CODE ADDRESS : 210 LILLIE LANE NO. 112
01 CITY : Newport Beach
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/08
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92000
----------------------------------------------------------------
0 0070274170 MORTGAGORS: WENK-WOLFF KAI
WENK-WOLFF SUZANE
REGION CODE ADDRESS : 1793 KINGS ROAD
01 CITY : Vista
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 443,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,984.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.95000
----------------------------------------------------------------
0 0070275763 MORTGAGORS: ARMSTRONG ROBERT
ARMSTRONG CYNTHIA
REGION CODE ADDRESS : 635 HAVANA AVENUE
01 CITY : Long Beach
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,482.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.96000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,800.00
P & I AMT: 14,120.03
UPB AMT: 1,474,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498125C 01 02
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070286331 MORTGAGORS: JOHNSON ROBERT
JOHNSON VIRGINIA
REGION CODE ADDRESS : 8750 NORTH ROUNDTREE
01 CITY : Flagstaff
STATE/ZIP : AZ 86001
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 : 07/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.59000
----------------------------------------------------------------
0 0070297833 MORTGAGORS: STUMPE KATHY
REGION CODE ADDRESS : 2210 BANYAN DRIVE
01 CITY : Los Angeles
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,842.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.32000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 2
LOAN AMT: 929,000.00
P & I AMT: 8,389.27
UPB AMT: 929,000.00
0 TOTAL NUM OF LOANS: 537
LOAN AMT: 177,152,393.00
P & I AMT: 1,606,233.92
UPB AMT: 176,002,356.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672629 MORTGAGORS: GEDNEY CHRISTOPHER
GEDNEY MARY
REGION CODE ADDRESS : 14203 SOUTH 12TH PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 299,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,527.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.20000
----------------------------------------------------------------
0 0030944169 MORTGAGORS: COPPAGE GRADY
REGION CODE ADDRESS : 9102 GREYSTONE VALLEY ROAD
01 CITY : OOLTEWAH
STATE/ZIP : TN 37363
MORTGAGE AMOUNT : 221,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,121.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030967426 MORTGAGORS: CROSS DAVID
CROSS CHERYL
REGION CODE ADDRESS : OLD TOWN TRAIL
01 CITY : CHARLOTTE
STATE/ZIP : VT 05445
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,670.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,220.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0030980395 MORTGAGORS: WILSON SCOTT
CLAIRE-WILSON MARIE
REGION CODE ADDRESS : 205 NORTH MILL COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30328
MORTGAGE AMOUNT : 263,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,129.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031104136 MORTGAGORS: GONZALES ESEQUIEL
GONZALES BARBARA
REGION CODE ADDRESS : 11220 SEPTEMBER LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 512,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,979.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.90300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,550.00
P & I AMT: 12,420.54
UPB AMT: 1,747,429.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031122344 MORTGAGORS: KNECHT PETER
KNECHT SUSAN
REGION CODE ADDRESS : 1148 DUNTON DR
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.70000
----------------------------------------------------------------
0 0031148703 MORTGAGORS: NOTO SEBASTIAN
NOTO STEFANIE
REGION CODE ADDRESS : 33 RESERVOIR ROAD
01 CITY : GLOUCESTER
STATE/ZIP : MA 01930
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,048.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031152929 MORTGAGORS: ZIENOWICZ JOSEPH
ZIENOWICZ SUSAN
REGION CODE ADDRESS : 214 JOHNSON ROAD
01 CITY : READINGTON TOWHSHIP
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 350,910.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,910.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031232341 MORTGAGORS: SLOAN MICHAEL
SLOAN MARILYN
REGION CODE ADDRESS : 10 FIELD HOUSE AVENUE
01 CITY : SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.46000
----------------------------------------------------------------
0 0031235955 MORTGAGORS: HANELLY WILLIAM
HANELLY MARY
REGION CODE ADDRESS : 2374 OAK LEAF DR
01 CITY : STATE COLLEGE
STATE/ZIP : PA 16803
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,244.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.73800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,710.00
P & I AMT: 10,087.96
UPB AMT: 1,449,954.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031241938 MORTGAGORS: PALIS JACK
WILD PENNI
REGION CODE ADDRESS : 5 GREEN FARM LANE
01 CITY : STOCKTON
STATE/ZIP : NJ 08559
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,237.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031247752 MORTGAGORS: SEGALL ANTHONY
DENTLER DEBORAH
REGION CODE ADDRESS : 360 EDWARDS PL
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,872.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.55500
----------------------------------------------------------------
0 0031254618 MORTGAGORS: LENTZ THOMAS
LENTZ KATHLEEN
REGION CODE ADDRESS : 5100 CRESTWOOD LANE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 352,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031281017 MORTGAGORS: BRYNE ROBERT
BYRNE RACHEL
REGION CODE ADDRESS : 20 APPLE LANE
01 CITY : MILTON
STATE/ZIP : NJ 02186
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,429.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031334725 MORTGAGORS: O'BRIEN ROBERT
BYLER CELIA
REGION CODE ADDRESS : 24 PARMENTER ROAD
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,041.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 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: 1,598,800.00
P & I AMT: 11,183.42
UPB AMT: 1,594,380.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031355464 MORTGAGORS: LEVIN DANIEL
LEVIN LAURA
REGION CODE ADDRESS : 990 CROSS LANE
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031389232 MORTGAGORS: CORNWELL JANICE
CORNWELL HARVEY
REGION CODE ADDRESS : 757 FAWNELM ROAD
01 CITY : SEVERN
STATE/ZIP : MD 21144
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,774.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.88100
----------------------------------------------------------------
0 0031390180 MORTGAGORS: JENKS LOUISE
ORTEGA CLAUDIA
REGION CODE ADDRESS : 22800 BLUEBIRD LANE
01 CITY : GRAND TERRACE
STATE/ZIP : CA 92313
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,742.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 691.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031406986 MORTGAGORS: FUNK THOMAS
FUNK DEBRA
REGION CODE ADDRESS : 136 COLLEGE AVENUE
01 CITY : LANCASTER
STATE/ZIP : PA 17603
MORTGAGE AMOUNT : 76,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,790.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 557.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.98900
----------------------------------------------------------------
0 0031416886 MORTGAGORS: WARDSTROM DONALD
WARDSTROM DANA
REGION CODE ADDRESS : 184 AYER LANE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 309,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,474.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 994,000.00
P & I AMT: 6,961.36
UPB AMT: 991,782.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031419989 MORTGAGORS: WILLIAMS RONALD
BOYD W.
REGION CODE ADDRESS : 3317 GOVERNOR HENRY COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 270,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031424005 MORTGAGORS: HILLMAN ROBERT
HILLMAN CHARLENE
REGION CODE ADDRESS : 1240 LYNNMERE DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,171.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.03700
----------------------------------------------------------------
0 0031430523 MORTGAGORS: SHAPIRO ARELL
REGION CODE ADDRESS : 1955 SMITH ROAD
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,112.99 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 : 77.24600
----------------------------------------------------------------
0 0031436892 MORTGAGORS: GARNETT GREGORY
GARNETT CYNTHIA
REGION CODE ADDRESS : 5488 BROWN ROAD
01 CITY : OXFORD
STATE/ZIP : OH 45056
MORTGAGE AMOUNT : 427,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,531.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,914.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031440910 MORTGAGORS: BUCKLAND ARTHUR
BUCKLAND EUNICE
REGION CODE ADDRESS : 343 BARNES ROAD
01 CITY : OAK BLUFFS
STATE/ZIP : MA 02557
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,731.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 39.04700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,400.00
P & I AMT: 11,058.15
UPB AMT: 1,625,246.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031441678 MORTGAGORS: HOPKINS ROBERT
HOPKINS KAREN
REGION CODE ADDRESS : 5601 WILLOW VALLEY ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,259.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447766 MORTGAGORS: PUTRIMAS PETER
PUTRIMAS KAREN
REGION CODE ADDRESS : 469 FLAX HILL RD
01 CITY : NORWALK
STATE/ZIP : CT 06854
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,797.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.18800
----------------------------------------------------------------
0 0031449705 MORTGAGORS: ADEBULE LEMMY
ADEBULE CRYSTAL
REGION CODE ADDRESS : 938 JACKSON AVENUE
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031455421 MORTGAGORS: SNEERINGER LYNNE
REGION CODE ADDRESS : 1360 ARBORDALE ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031463854 MORTGAGORS: PEAVEY DENIS
PEAVEY BERNADETTE
REGION CODE ADDRESS : 25425 KNOLL LANE
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,688.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,800.00
P & I AMT: 10,934.93
UPB AMT: 1,576,545.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031466287 MORTGAGORS: DOWLING STEVEN
DOWLING BARBARA
REGION CODE ADDRESS : 1 BRITTANY LANE
01 CITY : LINCOLNSHIRE
STATE/ZIP : IL 60069
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,591.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031475981 MORTGAGORS: CHENG DING
FU TZYH-HWEY
REGION CODE ADDRESS : 2121 EAST PIONEER AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92631
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,199.49 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 : 80.00000
----------------------------------------------------------------
0 0031477300 MORTGAGORS: HARNEK BERNARD
HARNEK JOANNA
REGION CODE ADDRESS : 44 BARRINGTON PLACE
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,286.62 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 : 92.13200
----------------------------------------------------------------
0 0031481278 MORTGAGORS: DILLON MATTHEW
DILLON DELIA
REGION CODE ADDRESS : 23 DEACONS LANE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,774.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 41.04400
----------------------------------------------------------------
0 0031483696 MORTGAGORS: KOLESAR DAVID
KOLESAR DEBRA
REGION CODE ADDRESS : 400 HUGHES ROAD
01 CITY : UPPER MERION TOWNSHIP
STATE/ZIP : PA 19406
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,283.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,000.00
P & I AMT: 11,751.66
UPB AMT: 1,712,543.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031489123 MORTGAGORS: MATTSON TIMOTHY
MATTSON TERRI
REGION CODE ADDRESS : 10195 HARMONY CIRCLE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,524.26 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 0031489768 MORTGAGORS: FALLON JEROME
FALLON SUSAN
REGION CODE ADDRESS : 200 OLD MILL ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 343,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031492473 MORTGAGORS: CARTER JAMES
CARTER VICKI
REGION CODE ADDRESS : 6929 STETHEM COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 351,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,536.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.98900
----------------------------------------------------------------
0 0031496946 MORTGAGORS: SELLS RICHARD
SELLS JOANNE
REGION CODE ADDRESS : 5353 SADRING AVENUE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,971.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.27200
----------------------------------------------------------------
0 0031498462 MORTGAGORS: MANNINO SALVATORE
MANNINO SHERYL
REGION CODE ADDRESS : 374 MANUEL STREET
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 111,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,130.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 768.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 89.97500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,420.00
P & I AMT: 9,713.01
UPB AMT: 1,410,083.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502123 MORTGAGORS: PURNELL JOHN
PURNELL DENISE
REGION CODE ADDRESS : 10 WATERFORD DRIVE
01 CITY : LEWES
STATE/ZIP : DE 19958
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,550.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031510753 MORTGAGORS: BARAKAT DAVID
OWEN-BARAKAT LA VERNE
REGION CODE ADDRESS : 532 SOUTH HELBERTA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,455.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.26400
----------------------------------------------------------------
0 0031511082 MORTGAGORS: LESTER MARK
LESTER KATHERINE
REGION CODE ADDRESS : 5 GRANTLAND ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 327,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.12900
----------------------------------------------------------------
0 0031515331 MORTGAGORS: MORTIMER MARY
REGION CODE ADDRESS : 17183 AVENIDA DE SANTA YNEZ
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,045.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.49400
----------------------------------------------------------------
0 0031516255 MORTGAGORS: GOODE JOE
KATAYAMA HIROMI
REGION CODE ADDRESS : 12515 WOODGREEN STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,641.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.19700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,500.00
P & I AMT: 12,149.21
UPB AMT: 1,757,492.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031519192 MORTGAGORS: FINCH BRYAN
REGION CODE ADDRESS : 1251 EAST ROCK SPRINGS
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,997.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031524598 MORTGAGORS: LEE DONG
LEE JUNGMI
REGION CODE ADDRESS : 43399 TURNBERRY ISLE COURT
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 296,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031525546 MORTGAGORS: BOONE OTHO
BOONE SUZANNE
REGION CODE ADDRESS : 1314 SQUIRE DRIVE
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031528755 MORTGAGORS: GAVIN JOHN
REGION CODE ADDRESS : 1234 MIRAMAR STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 707,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 706,488.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,004.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 55.66900
----------------------------------------------------------------
0 0031537913 MORTGAGORS: KADONAGA KENNETH
REGION CODE ADDRESS : 1420 REDWOOD AVENUE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,443.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 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: 1,800,350.00
P & I AMT: 12,450.72
UPB AMT: 1,799,079.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031538382 MORTGAGORS: NABRYNSKI MICHAEL
NABRYNSKI JARKA
REGION CODE ADDRESS : 101 MOORE ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.86900
----------------------------------------------------------------
0 0031540776 MORTGAGORS: LEHMANN LAURA
HAMLEN ROBERT
REGION CODE ADDRESS : 6820 WOODDALE AVENUE SOUTH
01 CITY : EDINA
STATE/ZIP : MN 55435
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542533 MORTGAGORS: ODEH M.
ODEH MARGUERITE
REGION CODE ADDRESS : 16 PADDOCK DRIVE
01 CITY : LINCOLN
STATE/ZIP : RI 02865
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,647.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.04300
----------------------------------------------------------------
0 0031542541 MORTGAGORS: HAGAR KEVIN
HAGAR CYNTHIA
REGION CODE ADDRESS : 16428 SHADY VIEW LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 419,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,689.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.05600
----------------------------------------------------------------
0 0031542665 MORTGAGORS: VAZZA RICHARD
VAZZA NANCY
REGION CODE ADDRESS : 29 LOEW CIRCLE
01 CITY : MILTON,
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.00200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,782,000.00
P & I AMT: 12,093.08
UPB AMT: 1,781,336.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031546013 MORTGAGORS: GOLD STUART
GOLD DEBRA
REGION CODE ADDRESS : 28674 BRAELOCH COURT
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 336,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,011.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031549124 MORTGAGORS: SEFCHECK MARK
SEFCHECK JERILYNN
REGION CODE ADDRESS : 13 CREST CIRCLE DRIVE
01 CITY : MILLSTONE
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031553449 MORTGAGORS: WALKER RAYMON
WALKER JANICE
REGION CODE ADDRESS : 742 CALLE HIGUERA
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,306.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.20600
----------------------------------------------------------------
0 0031554470 MORTGAGORS: BRYANT THOMAS
HILL AUDREY
REGION CODE ADDRESS : 542 DUGWAY BRIDGE ROAD
01 CITY : SOUTH KINGSTOWN
STATE/ZIP : RI 02892
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0031560915 MORTGAGORS: SPEECHLEY INA
REGION CODE ADDRESS : 805 COXSWAIN WAY #201
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 85,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 579.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.75700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,201,000.00
P & I AMT: 8,375.91
UPB AMT: 1,200,317.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561079 MORTGAGORS: SULLIVAN MARK
SULLIVAN NANCY
REGION CODE ADDRESS : 268 RAVENSCLIFF ROAD
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,138.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.64700
----------------------------------------------------------------
0 0031561764 MORTGAGORS: STECKROAT PAMELA
MAURER ROBERT
REGION CODE ADDRESS : 19 ACORN WAY
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,529.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.72549
----------------------------------------------------------------
0 0031563638 MORTGAGORS: SINGER JEFFREY
SINGER LISA
REGION CODE ADDRESS : 9 HAZELTON DRIVE
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,589.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.41700
----------------------------------------------------------------
0 0031564495 MORTGAGORS: PIOT JON
PIOT SUSAN
REGION CODE ADDRESS : 6422 PRESTONSHIRE LANE
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,798.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.50000
----------------------------------------------------------------
0 0031564578 MORTGAGORS: OMEREFENDIC OMER
REGION CODE ADDRESS : CARRIAGE HOUSE CONDO,#304,216 ST.PA
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 125,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,161.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 897.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,783,250.00
P & I AMT: 12,473.60
UPB AMT: 1,782,079.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031566367 MORTGAGORS: BIRRELL NICK
BIRRELL GAIL
REGION CODE ADDRESS : 14 HONEYSUCKLE ROAD
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,100.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031568397 MORTGAGORS: GRAVETTE DENNIS
GRAVETTE MARY
REGION CODE ADDRESS : 1216 SPAR COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 73.70300
----------------------------------------------------------------
0 0031569338 MORTGAGORS: THROWER KEITH
PIERCE-THROWER JONNIE
REGION CODE ADDRESS : 7529 LOCKE ROAD
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031570294 MORTGAGORS: LANZAROTTA JAMES
LANZAROTTA KELLY
REGION CODE ADDRESS : NNA CHRISTIANS ROAD
01 CITY : ASTORIA
STATE/ZIP : OR 97103
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,497.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.30232
----------------------------------------------------------------
0 0031571425 MORTGAGORS: RODRIGUEZ ROBERT
RODRIGUEZ MABEL
REGION CODE ADDRESS : 2164 BEACHWOOD COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,332.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.07300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,450.00
P & I AMT: 9,970.48
UPB AMT: 1,367,285.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031572779 MORTGAGORS: FOGLIA PAUL
REGION CODE ADDRESS : 89 RUSSELL ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031572878 MORTGAGORS: EPSTEIN STEVEN
EPSTEIN HELLEN
REGION CODE ADDRESS : 1609 RIDGEWAY DRIVE
01 CITY : HEWLETT
STATE/ZIP : NY 11557
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031573330 MORTGAGORS: HLODNICKI BRUCE
REGION CODE ADDRESS : 2516 EAST NEWBERRY BLVD.
01 CITY : MILWAUKEE
STATE/ZIP : WI 53211
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.76400
----------------------------------------------------------------
0 0031574205 MORTGAGORS: DONCH JOHN
DONCH SUZETTE
REGION CODE ADDRESS : 150 LOMBARD STREET #708
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94111
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574536 MORTGAGORS: THEUVENIN JACQUES
THEUVENIN DOMINIQUE
REGION CODE ADDRESS : 158 SHERIDAN AVENUE
01 CITY : HO-HO-KUS
STATE/ZIP : NJ 07423
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 70.93700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,400.00
P & I AMT: 9,654.22
UPB AMT: 1,408,169.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574619 MORTGAGORS: MUNDIE DONALD
MUNDIE LYNN
REGION CODE ADDRESS : 606 BETHANY ROAD
01 CITY : EADS
STATE/ZIP : TN 38028
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,201.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,609.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031574668 MORTGAGORS: BUSTOS JUAN
BUSTOS OFELIA
REGION CODE ADDRESS : 3253 ALESSANDRO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,545.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.10400
----------------------------------------------------------------
0 0031575095 MORTGAGORS: GATES RONNIE
REGION CODE ADDRESS : 321 ARLINGTON AVENUE N.W
01 CITY : CANTON
STATE/ZIP : OH 44708
MORTGAGE AMOUNT : 54,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 53,965.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 405.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031575319 MORTGAGORS: GALLICHIO BRIAN
GALLICHIO JUDITH
REGION CODE ADDRESS : 26 W 253 INWOOD LANE
01 CITY : WINFIELD
STATE/ZIP : IL 60190
MORTGAGE AMOUNT : 243,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.84200
----------------------------------------------------------------
0 0031575343 MORTGAGORS: MATHEWS DAVID
REGION CODE ADDRESS : 5715 CHAUCER CIRCLE
01 CITY : SUWANEE
STATE/ZIP : GA 30024
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.25700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,285,420.00
P & I AMT: 8,874.30
UPB AMT: 1,284,393.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031576259 MORTGAGORS: GOLOVEN MARC
GOLOVEN KATHLEEN
REGION CODE ADDRESS : 19 HISSARLIK WAY RFD #2
01 CITY : BEDFORD
STATE/ZIP : NY 10506
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 42.40000
----------------------------------------------------------------
0 0031576333 MORTGAGORS: BUNGARD ANN
BUNGARD EUGENE
REGION CODE ADDRESS : 26 OLD FARM WAY
01 CITY : CHELMSFORD
STATE/ZIP : MA 01824
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.95100
----------------------------------------------------------------
0 0031577174 MORTGAGORS: EGHTESADI AHMAD
AGHILI FARNAZ
REGION CODE ADDRESS : 13 CROWNSGATE COURT
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031578396 MORTGAGORS: NESLINE MARK
NESLINE SUSAN
REGION CODE ADDRESS : 130 WORTHEN ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.52300
----------------------------------------------------------------
0 0031579022 MORTGAGORS: GORHAM PATRICIA
PANETTA EDWARD
REGION CODE ADDRESS : 1969 GRAND PRIX DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30345
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,350.00
P & I AMT: 9,715.87
UPB AMT: 1,418,350.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031582638 MORTGAGORS: KOENIG MARK
KOENIG ROSEMARY
REGION CODE ADDRESS : 96 TIDEWATER FARMS ROAD
01 CITY : STRATHAM
STATE/ZIP : NH 03885
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031583255 MORTGAGORS: CHEVALLIER ROGER
REGION CODE ADDRESS : 20 LINCOLN ROAD
01 CITY : ROCKY POINT
STATE/ZIP : NY 11778
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 751.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 78.74000
----------------------------------------------------------------
0 0031584600 MORTGAGORS: HEFFERNAN CLYDE
HEFFERNAN JACQUELYN
REGION CODE ADDRESS : 31 DECKERS WAY
01 CITY : MARSHFIELD
STATE/ZIP : MA 02050
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.50602
----------------------------------------------------------------
0 0031584659 MORTGAGORS: GRIFFIN GARY
GRIFFIN LOUISE
REGION CODE ADDRESS : 2529 FRANKLIN AVE
01 CITY : BROOMALL
STATE/ZIP : PA 19008
MORTGAGE AMOUNT : 102,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 802.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 68.00000
----------------------------------------------------------------
0 0031584717 MORTGAGORS: LEONARD THOMAS
LESLIE MARIANNE
REGION CODE ADDRESS : 2815 67TH AVE SE
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,116,800.00
P & I AMT: 7,854.43
UPB AMT: 1,116,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031584816 MORTGAGORS: HAMLIN THOMAS
HAMLIN PAMELA
REGION CODE ADDRESS : 16 EDGEHILL ROAD
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.13900
----------------------------------------------------------------
0 0031585391 MORTGAGORS: KAPLANSKY PAUL
REGION CODE ADDRESS : 11222 GARFIELD AVENUE
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587223 MORTGAGORS: LEARY ROBERT
BRENNAN-LEARY PATRICIA
REGION CODE ADDRESS : 16 ORIOLE ROAD
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031587249 MORTGAGORS: PALAFOUTAS JOHN
REGION CODE ADDRESS : 615 BEVERLY DRIVE
01 CITY : ALEXANDRA
STATE/ZIP : VA 22305
MORTGAGE AMOUNT : 295,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031587454 MORTGAGORS: CRAFT RICHARD
REGION CODE ADDRESS : 659 ANDOVER ROAD
01 CITY : NEWTON SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,291.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,771,600.00
P & I AMT: 12,192.39
UPB AMT: 1,771,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587801 MORTGAGORS: PLIMPTON SUZANNE
PLIMPTON SCOTT
REGION CODE ADDRESS : 3625 CAMELOT DRIVE
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031589948 MORTGAGORS: NATARAJAN VISWANATHAN
NATARAJAN LAKSHMI
REGION CODE ADDRESS : 2943 POLAND SPRINGS DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031591449 MORTGAGORS: COLON ROBERT
COLON NANCY
REGION CODE ADDRESS : 2 SARGENT DAVID STODDARD COURT
01 CITY : BEDMINSTER
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031591787 MORTGAGORS: VIEGAS CHRISTOPHER
VIEGAS LORI
REGION CODE ADDRESS : 10356 LA MORADA DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,816.69 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 : 95.00000
----------------------------------------------------------------
0 0031592637 MORTGAGORS: PHILIPS MARION
RAGG WALTER
REGION CODE ADDRESS : 27 DICKINSON ROAD
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,500.00
P & I AMT: 10,164.43
UPB AMT: 1,452,099.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031592900 MORTGAGORS: ALESHIRE GARY
ALESHIRE CHARLENE
REGION CODE ADDRESS : 2619 LEMONS BEACH DRIVE
01 CITY : UNIVERSITY PLACE
STATE/ZIP : WA 98466
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031592934 MORTGAGORS: VELASQUEZ MARVIN
KUENNEN CLARISSA
REGION CODE ADDRESS : 47702 BOWLINE TERRACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 168,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,908.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,103.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031593569 MORTGAGORS: REILLY ROBERT
REILLY LINDA
REGION CODE ADDRESS : 9 WILLOW STREET UNIT #41
01 CITY : BOSTON
STATE/ZIP : MA 02108
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.64600
----------------------------------------------------------------
0 0031593981 MORTGAGORS: MACIAS FREDRICK
MACIAS DENISE
REGION CODE ADDRESS : 2104 MIRAMAR DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92661
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.75400
----------------------------------------------------------------
0 0031594120 MORTGAGORS: BARKER JOHN
BARKER JULIE
REGION CODE ADDRESS : 12119 COUNTRY HILLS COURT
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,654,050.00
P & I AMT: 11,420.81
UPB AMT: 1,653,272.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031594161 MORTGAGORS: BRYAN ROBERT
BRYAN DEBRA
REGION CODE ADDRESS : 1008 SMOKEY MOUNTAIN TRAIL
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031594567 MORTGAGORS: CRAIG KERRY
CRAIG DIANE
REGION CODE ADDRESS : 1618 DEL OGIER DRIVE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,361.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.36300
----------------------------------------------------------------
0 0031595150 MORTGAGORS: MALLON DAVID
MALLON VICKIE
REGION CODE ADDRESS : 283 WEST SYLVESTOR PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031595309 MORTGAGORS: THORNTON MICHAEL
THORNTON MICHELE
REGION CODE ADDRESS : 4918 MOUNT ZION ROAD
01 CITY : FREDERICK
STATE/ZIP : MD 21703
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,202.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.78500
----------------------------------------------------------------
0 0031595432 MORTGAGORS: SADIQ TARIQ
SADIQ SHIRAZUL
REGION CODE ADDRESS : 5 BAYCREST WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.77000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,309,900.00
P & I AMT: 9,089.98
UPB AMT: 1,309,085.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031595481 MORTGAGORS: CLEWS RICHARD
CLEWS JOYCE
REGION CODE ADDRESS : 1981 RANCHO VERDE CIRCLE EAST
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.22000
----------------------------------------------------------------
0 0031595572 MORTGAGORS: GOULD LARRY
GOULD HILLARY
REGION CODE ADDRESS : 1524 W GEORGE
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,706.11 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 : 80.00000
----------------------------------------------------------------
0 0031596059 MORTGAGORS: HARRIS JAMES
HARRIS RENEE
REGION CODE ADDRESS : 6725 EAGLE WING DRIVE
01 CITY : SPARKS
STATE/ZIP : NV 89436
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,738.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.82600
----------------------------------------------------------------
0 0031596091 MORTGAGORS: ALPERIN MIKHAIL
ALPERIN IRINA
REGION CODE ADDRESS : 64 INDIAN RIDGE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031596158 MORTGAGORS: LYNCH JOHN
DURKIN MARY
REGION CODE ADDRESS : 5108 41ST STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 416,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,956.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,982.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,760,250.00
P & I AMT: 12,349.37
UPB AMT: 1,759,400.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031596174 MORTGAGORS: JOHNSON-CHIN SALLY
CHIN STEPHEN
REGION CODE ADDRESS : 1 FIELDSTONE DRIVE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.19800
----------------------------------------------------------------
0 0031596349 MORTGAGORS: LIU EDWARD
LIU PAULINE
REGION CODE ADDRESS : 13371 SAN REMO
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,008.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0031597206 MORTGAGORS: ZOLTAN CHARLES
ZOLTAN KAY
REGION CODE ADDRESS : 16 NOVILLA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031597669 MORTGAGORS: KASSAB NABEEL
KASSAB SUHA
REGION CODE ADDRESS : 3492 MONIQUE COURT
01 CITY : SPRING VALLEY
STATE/ZIP : CA 91977
MORTGAGE AMOUNT : 206,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,461.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031597685 MORTGAGORS: D'AMBROSIO EDWARD
REGION CODE ADDRESS : 15 FORSYTHIA LANE
01 CITY : JERICHO
STATE/ZIP : NY 11753
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.90200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,750.00
P & I AMT: 9,616.28
UPB AMT: 1,373,558.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597776 MORTGAGORS: MALONE RONALD
NEWMAN ELLEN
REGION CODE ADDRESS : 11 BARNACLE ROAD
01 CITY : HILTON HEAD
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.69100
----------------------------------------------------------------
0 0031598543 MORTGAGORS: GARVEY JOHN
GARVEY JULIET
REGION CODE ADDRESS : 14 MARTIN ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031598683 MORTGAGORS: CRAIN LOUIS
CRAIN CONNIE
REGION CODE ADDRESS : 16 PENNSYLVANIA AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 673,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 672,559.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,997.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 57.27600
----------------------------------------------------------------
0 0031599376 MORTGAGORS: LA CAVA PATRICK
REGION CODE ADDRESS : 8 FLETCHER COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 269,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,494.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031599426 MORTGAGORS: MOORE MICHAEL
MOORE JEAN
REGION CODE ADDRESS : 6826 MANCHESTER DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.35800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,696,700.00
P & I AMT: 11,914.25
UPB AMT: 1,696,054.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031600455 MORTGAGORS: KELLY HOWARD
REGION CODE ADDRESS : 5328 POPLAR VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 249,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,340.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031600729 MORTGAGORS: BROOKS CHARLES
BROOKS LAURE
REGION CODE ADDRESS : 10434 CHURCHILL WAY
01 CITY : ROCKY GORGE
STATE/ZIP : MD 20723
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031601131 MORTGAGORS: MANN DOUGLAS
MANN LINDA
REGION CODE ADDRESS : 6 KENDALL DRIVE
01 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.82900
----------------------------------------------------------------
0 0031604275 MORTGAGORS: ABRAHAM ROBERT
REGION CODE ADDRESS : 38 TROWBRIDGE CIRCLE
01 CITY : ROWLEY
STATE/ZIP : MA 01969
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.24000
----------------------------------------------------------------
0 0031604366 MORTGAGORS: BOSWELL REID
BOSWELL JANET
REGION CODE ADDRESS : 7 SUMMIT AVENUE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,550.00
P & I AMT: 10,028.27
UPB AMT: 1,456,140.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031604424 MORTGAGORS: BURKE THOMAS
BURKE MARY
REGION CODE ADDRESS : 21 PARSONS DRIVE
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031604622 MORTGAGORS: LUGTU JOEL
LUGTU JOSEPHINE
REGION CODE ADDRESS : 124 PIN OAK ROAD
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.81200
----------------------------------------------------------------
0 0031605413 MORTGAGORS: DI SILVESTRO JAMES
DI SILVESTRO RUTH
REGION CODE ADDRESS : 1756 WHISPERING COURT
01 CITY : ADDISON
STATE/ZIP : IL 60101
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031605660 MORTGAGORS: SHAND JAMES
QUALBEN JANICE
REGION CODE ADDRESS : 15 SHAGBARK ROAD
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 980,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 980,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,936.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 58.50700
----------------------------------------------------------------
0 0031605835 MORTGAGORS: PREJEAN JOSEPH
REGION CODE ADDRESS : 3219 LAUREL CANYON BLVD
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,233,250.00
P & I AMT: 15,602.97
UPB AMT: 2,232,987.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031606080 MORTGAGORS: KERZIC R.
KERZIC CHERYL
REGION CODE ADDRESS : 6350 LISIEUX TERRACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031606874 MORTGAGORS: WASS DAVID
WASS CAROL
REGION CODE ADDRESS : 7681 S. GRAPE STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 339,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031607278 MORTGAGORS: MC ARDLE SEAN
MC ARDLE JUDELLE
REGION CODE ADDRESS : 7342 HOOKING ROAD
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.72100
----------------------------------------------------------------
0 0031607732 MORTGAGORS: RAJPUT ANWARI
RAJPUT MOHD-TALAT
REGION CODE ADDRESS : 772 EAST 9TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11230
MORTGAGE AMOUNT : 190,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,383.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.90000
----------------------------------------------------------------
0 0031608102 MORTGAGORS: BIEGLER STEVEN
BIEGLER MARIA
REGION CODE ADDRESS : 6556 BLUEBONNET DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 362,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,893.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,567.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,150.00
P & I AMT: 10,370.01
UPB AMT: 1,476,343.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031608565 MORTGAGORS: WOOD RICHARD
STEWART CHRISTINE
REGION CODE ADDRESS : 36 LAKE SHORE ROAD
01 CITY : BRIGHTON
STATE/ZIP : MA 02135
MORTGAGE AMOUNT : 151,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,085.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.60300
----------------------------------------------------------------
0 0031609712 MORTGAGORS: THOMAN GEORGE
THOMAN BETHANY
REGION CODE ADDRESS : 2 CLARK LANE
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.66666
----------------------------------------------------------------
0 0031609969 MORTGAGORS: DE LUCA JAMES
DE LUCA LISA
REGION CODE ADDRESS : 7962 HOLLYWOOD WAY
01 CITY : SUN VALLEY AREA
STATE/ZIP : CA 91352
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031610298 MORTGAGORS: BOSLAND KATHLEEN
BOSLAND MICHAEL
REGION CODE ADDRESS : 14034 129TH AVENUE NORTHEAST
01 CITY : KIRKLAND
STATE/ZIP : WA 98034
MORTGAGE AMOUNT : 252,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031610454 MORTGAGORS: CIMA ROBERT
CIMA AMY
REGION CODE ADDRESS : 112 AVON ROAD
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 265,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.35200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,199,950.00
P & I AMT: 8,427.71
UPB AMT: 1,199,562.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031610728 MORTGAGORS: EKTERA ALI
REGION CODE ADDRESS : 1700 WASHINGTON
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,307.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.74300
----------------------------------------------------------------
0 0031610785 MORTGAGORS: BJORN LARS
WINEBERG SUSAN
REGION CODE ADDRESS : 119 N. THAYER
01 CITY : ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,425.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031611510 MORTGAGORS: GARGUILO THOMAS
GARGUILO ZOYA
REGION CODE ADDRESS : 14 DALE DRIVE
01 CITY : CITY OF SUMMIT
STATE/ZIP : NJ 07901
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031611536 MORTGAGORS: EMERY ALICIA
BAUM ERIC
REGION CODE ADDRESS : 17 MEADE ROAD
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 199,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,361.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031611841 MORTGAGORS: SAHINES THOMAS
SAHINES LAURA
REGION CODE ADDRESS : 2023 WELLINGTON DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.55900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,379,100.00
P & I AMT: 9,638.39
UPB AMT: 1,378,622.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031611981 MORTGAGORS: BARONE LEESA
GELDART THERESA
REGION CODE ADDRESS : 131 COURT ROAD
01 CITY : WINTHROP
STATE/ZIP : MA 02152
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 : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031612666 MORTGAGORS: BLAS VIVIAN
REGION CODE ADDRESS : 2725 HOWARD COURT
01 CITY : BURBANK
STATE/ZIP : CA 91504
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031612930 MORTGAGORS: SCHAAF ERIC
SCHAAF ALICE
REGION CODE ADDRESS : 155 LANE 150C HAMILTON LAKE
01 CITY : HAMILTON
STATE/ZIP : IN 46742
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.10500
----------------------------------------------------------------
0 0031613664 MORTGAGORS: BACON MITCHELL
BACON AUDREY
REGION CODE ADDRESS : 11 HOP HOLLOW
01 CITY : SIMSBURY
STATE/ZIP : CT 06070
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,052.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031614860 MORTGAGORS: BAUER MARK
LEPINE LISA
REGION CODE ADDRESS : 2645 BLACK BEAR COURT
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 260,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,346.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.99691
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,800.00
P & I AMT: 9,945.25
UPB AMT: 1,441,398.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031615537 MORTGAGORS: MARASCO PATRICK
MARASCO CHERYL
REGION CODE ADDRESS : 99 BALDPATE ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,459.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031615628 MORTGAGORS: EASTERWOOD GARY
EASTERWOOD VIRGINIA
REGION CODE ADDRESS : 2513 DU LAC TRACE
01 CITY : SEABROOK
STATE/ZIP : TX 77586
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,815.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.91800
----------------------------------------------------------------
0 0031617053 MORTGAGORS: ROSENBERG BARRY
REGION CODE ADDRESS : 9201 SPRINKLEWOOD LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031617152 MORTGAGORS: LOVE RENEE
LOVE JOHN
REGION CODE ADDRESS : 25 28TH STREET SOUTH
01 CITY : SEA ISLE CITY
STATE/ZIP : NJ 08243
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.71000
----------------------------------------------------------------
0 0031617426 MORTGAGORS: BOYER DANIEL
REGION CODE ADDRESS : 1927 SHORELINE DRIVE
01 CITY : MISSOURI CITY
STATE/ZIP : TX 77459
MORTGAGE AMOUNT : 255,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,274.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,450.00
P & I AMT: 11,391.99
UPB AMT: 1,661,089.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031618523 MORTGAGORS: KENNARD HAROLD
KENNARD SHARRON
REGION CODE ADDRESS : 14 CORBETT COURT
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.58800
----------------------------------------------------------------
0 0031619190 MORTGAGORS: GERNDT JAMES
REGION CODE ADDRESS : 3610 SUNSET DRIVE
01 CITY : MADISON
STATE/ZIP : WI 53715
MORTGAGE AMOUNT : 377,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031619281 MORTGAGORS: O'HARA JOHN
DESPOTOPULOS HEIDI
REGION CODE ADDRESS : 24 RESERVATION ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.12500
----------------------------------------------------------------
0 0031619927 MORTGAGORS: ESTRADA OSCAR
ESTRADA CARMEN
REGION CODE ADDRESS : 2191 BEACHWOOD COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,702.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031619943 MORTGAGORS: SCOTT TIMOTHY
SCOTT LYNN
REGION CODE ADDRESS : 13132 CABARET COURT
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,200.00
P & I AMT: 10,319.43
UPB AMT: 1,512,002.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031620040 MORTGAGORS: BARTEL MARVIN
MAYENZET MARIA
REGION CODE ADDRESS : 6 NORTH STONINGTON ROAD
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,698.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,633.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.76000
----------------------------------------------------------------
0 0031620271 MORTGAGORS: DICENSO DAVID
REGION CODE ADDRESS : 1405 CARIBOU WAY
01 CITY : ALPHARETTA
STATE/ZIP : GA 30005
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.52300
----------------------------------------------------------------
0 0031620974 MORTGAGORS: GARCIA VERNON
GARCIA CAROL
REGION CODE ADDRESS : 1535 NEWPORT STREET
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93405
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 976.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 69.14800
----------------------------------------------------------------
0 0031621204 MORTGAGORS: KATZ MARC
DE MATTIA LISA
REGION CODE ADDRESS : 10343 CHEVIOT DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,907.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------
0 0031622210 MORTGAGORS: KANE TIMOTHY
KANE DIANE
REGION CODE ADDRESS : 18849 STATE STREET
01 CITY : CORONA
STATE/ZIP : CA 91719
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,633,750.00
P & I AMT: 11,322.54
UPB AMT: 1,633,448.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031622400 MORTGAGORS: GEISBUSH HELEN
GEISBUSH LAWRENCE
REGION CODE ADDRESS : 26779 SE HIGHWAY 224
01 CITY : EAGLE CREEK
STATE/ZIP : OR 97022
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031622491 MORTGAGORS: GAMMEL MICHAEL
REGION CODE ADDRESS : 29000 VIEW DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031622517 MORTGAGORS: MAHONEY KEVIN
MAHONEY PAMELA
REGION CODE ADDRESS : 1450 LEBOUTILLIER ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,680.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031622632 MORTGAGORS: CURTIS DANIEL
CURTIS ANNE
REGION CODE ADDRESS : 554 MONTEREY ROAD
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031622913 MORTGAGORS: SHUSTER JOHN
SHUSTER TIFFANY
REGION CODE ADDRESS : 21379 YORK COURT
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.81100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,849,200.00
P & I AMT: 12,602.51
UPB AMT: 1,848,880.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031622970 MORTGAGORS: BRINKMAN DAVID
BRINKMAN LESLIE
REGION CODE ADDRESS : 41 SUMMIT DRIVE
01 CITY : BERNARDS TWP
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031623119 MORTGAGORS: BALDWIN ELMER
BALDWIN LAURA
REGION CODE ADDRESS : 19885 COTTAGEWOOD AVENUE
01 CITY : EXCELSIOR
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,792.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031623226 MORTGAGORS: COUSINS JOHN
COUSINS DENISE
REGION CODE ADDRESS : 4680 RIVERWOOD DRIVE
01 CITY : PERRY
STATE/ZIP : OH 44081
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,818.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.96400
----------------------------------------------------------------
0 0031623945 MORTGAGORS: STEVENSON MICHAEL
STEVENSON JULIANNE
REGION CODE ADDRESS : 21 DANE ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.00000
----------------------------------------------------------------
0 0031623952 MORTGAGORS: NAGLE RICHARD
FOWLER-NAGLE SHERRI
REGION CODE ADDRESS : 19 ALLEN CIRCLE
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.06100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,933,000.00
P & I AMT: 13,384.09
UPB AMT: 1,932,818.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031624133 MORTGAGORS: MARKHAM FREDERICK
MARKHAM LINDA
REGION CODE ADDRESS : 43 WOODBRIDGE ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 46.35700
----------------------------------------------------------------
0 0031624315 MORTGAGORS: WEDGE RICHARD
WEDGE SANDRA
REGION CODE ADDRESS : 25 MISTY LANE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.40900
----------------------------------------------------------------
0 0031625395 MORTGAGORS: TRAN TUAN
VU THERESE
REGION CODE ADDRESS : 1378 VINCI PARK WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 239,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,960.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031625627 MORTGAGORS: TIEGER JEFFREY
TIEGER JUDITH
REGION CODE ADDRESS : 3312 AVENIDA ANACAPA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.72000
----------------------------------------------------------------
0 0031625858 MORTGAGORS: ULFERTS MARK
ULFERTS KAREN
REGION CODE ADDRESS : 10006 SAUSALITO DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78759
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,528.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,385,160.00
P & I AMT: 9,623.53
UPB AMT: 1,385,160.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031627078 MORTGAGORS: GURSON NURTECKIN
GURSON ZUHAL
REGION CODE ADDRESS : 2541 BALTIMORE DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,119.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.23100
----------------------------------------------------------------
0 0031627086 MORTGAGORS: SOUTHERLAND REGINALD
SOUTHERLAND RITA
REGION CODE ADDRESS : 11857 CAMINITO CORRIENTE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031627136 MORTGAGORS: BEAN CHRISTOPHER
BEAN LESLIE
REGION CODE ADDRESS : 34 HEIDI LANE
01 CITY : BOW
STATE/ZIP : NH 03304
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.72800
----------------------------------------------------------------
0 0031627375 MORTGAGORS: CARDILLO PAUL
CARDILLO KAREN
REGION CODE ADDRESS : 2 SHELTER COVE ROAD
01 CITY : SHERMAN
STATE/ZIP : CT 06784
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.40300
----------------------------------------------------------------
0 0031627623 MORTGAGORS: ANDERSON JOHN
ANDERSON MELANIE
REGION CODE ADDRESS : 3716 LAKE TERRACE DRIVE
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 235,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.83700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,716,950.00
P & I AMT: 11,918.43
UPB AMT: 1,716,950.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031628001 MORTGAGORS: PIEDILATO ROBERT
REGION CODE ADDRESS : 241 POPE STREET
01 CITY : MANVILLE
STATE/ZIP : NJ 08835
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,835.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 831.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031628225 MORTGAGORS: KOLL CHERYL
ROGERS ROBERT
REGION CODE ADDRESS : 10343 TENNESSE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,783.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031628290 MORTGAGORS: CONTINO MICHAEL
CONTINO MARY
REGION CODE ADDRESS : 511 HORIZON WAY
01 CITY : NESHANIC STATION
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,731.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031628548 MORTGAGORS: BRADANESE MARC
BRADANESE DEBRA
REGION CODE ADDRESS : 16 GOVERNOR DOHERTY ROAD
01 CITY : BILLERICA
STATE/ZIP : MA 01821
MORTGAGE AMOUNT : 245,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,626.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031628597 MORTGAGORS: PLATINGA PIERRE
PLATINGA JAMIE
REGION CODE ADDRESS : 1402 ALPINE AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,323.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,325,300.00
P & I AMT: 9,122.38
UPB AMT: 1,324,517.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031628613 MORTGAGORS: TRAVIS DAVID
TRAVIS MAUREEN
REGION CODE ADDRESS : 5 GATEHOUSE LANE
01 CITY : WILMINGTON
STATE/ZIP : MA 01887
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031628787 MORTGAGORS: ILLMER RICHARD
ILLMER NANCY
REGION CODE ADDRESS : 3720 MOCKINGBIRD LANE
01 CITY : HIGHLAND PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 370,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.22900
----------------------------------------------------------------
0 0031629249 MORTGAGORS: CLAUSSEN KAREN
CLAUSSEN LAUREN
REGION CODE ADDRESS : 9740 EAST CHENANGO AVENUE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031629280 MORTGAGORS: GONCALVES SARAH
REGION CODE ADDRESS : 3474 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.14700
----------------------------------------------------------------
0 0031629843 MORTGAGORS: PUGLIESE JOHN
REGION CODE ADDRESS : 16982 ESCALON DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.88500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,900.00
P & I AMT: 10,198.90
UPB AMT: 1,495,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031629900 MORTGAGORS: CHOI BOK
REGION CODE ADDRESS : 534 E. COMMONWEALTH AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92832
MORTGAGE AMOUNT : 136,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 962.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031631013 MORTGAGORS: MURRAY ROBERT
MURRAY HELEN
REGION CODE ADDRESS : 262 JENNIFER DRIVE
01 CITY : CHESTER
STATE/ZIP : NH 03036
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.89000
----------------------------------------------------------------
0 0031632201 MORTGAGORS: SINCLAIR MICHAEL
SINCLAIR ERIN
REGION CODE ADDRESS : 2490 POPPY DR
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------
0 0031634652 MORTGAGORS: MORIN PETER
MORIN SAMANTHA
REGION CODE ADDRESS : 949 SANDCASTLE DRIVE
01 CITY : CORONA DEL MAR AREA
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.51800
----------------------------------------------------------------
0 0031634751 MORTGAGORS: BENDRISS ABDELHAMID
BENDRISS BRIGITTE
REGION CODE ADDRESS : 54 AVALON ROAD
01 CITY : TRENTON
STATE/ZIP : NJ 08638
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99320
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,500.00
P & I AMT: 12,010.41
UPB AMT: 1,731,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031635667 MORTGAGORS: KONEVICH JOHN
KONEVICH LAURIE
REGION CODE ADDRESS : 121 VALENTINE ST
01 CITY : NEWTON
STATE/ZIP : MA 02165
MORTGAGE AMOUNT : 535,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,515.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031636103 MORTGAGORS: MAYERSON DREW
MAYERSON NANCY
REGION CODE ADDRESS : 1431 WHITEHALL PLACE
01 CITY : THOUSAND OAKS (WESTLAKE V
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031636749 MORTGAGORS: HOWARD STEPHEN
REGION CODE ADDRESS : 809 AUTUMN RIDGE DRIVE
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 127,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 883.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031636996 MORTGAGORS: SCHAPER ERIK
SCHAPER PAULA
REGION CODE ADDRESS : 3338 PRAIRIE COURT
01 CITY : NEWBURY PARK AREA
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031637358 MORTGAGORS: MOSKOVITZ HARVEY
MOSKOVITZ PAMELA
REGION CODE ADDRESS : 12300 ELLIOT LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,700.00
P & I AMT: 11,382.96
UPB AMT: 1,672,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031637457 MORTGAGORS: WILCOX ROGER
REGION CODE ADDRESS : 3743 EAST LITTLE COTTONWOOD LANE
01 CITY : SANDY
STATE/ZIP : UT 84092
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031637663 MORTGAGORS: KRUGER JOHN
KRUGER LENORA
REGION CODE ADDRESS : 420 WABASH PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 273,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031638232 MORTGAGORS: MOORE TIMOTHY
MOORE KELLY
REGION CODE ADDRESS : 2661 EAST SNOWFIELD STREET
01 CITY : BREA
STATE/ZIP : CA 92821
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.33300
----------------------------------------------------------------
0 0031638752 MORTGAGORS: HOULIHAN WILLIAM
HOULIHAN SUSAN
REGION CODE ADDRESS : 1847 ALTAMIRA PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.27500
----------------------------------------------------------------
0 0031639115 MORTGAGORS: ENGEL KIM
RAPP MICHAEL
REGION CODE ADDRESS : 825 GLENVIEW ROAD
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.11100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,950.00
P & I AMT: 10,605.52
UPB AMT: 1,523,743.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031639180 MORTGAGORS: EDMAN DOUGLAS
EDMAN JANICE
REGION CODE ADDRESS : 2906 WISHBONE WAY
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.03200
----------------------------------------------------------------
0 0031639438 MORTGAGORS: DOTY ROGER
DOTY LESLIE
REGION CODE ADDRESS : 32 SUSAN DRIVE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 454,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,257.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031639578 MORTGAGORS: FRANCIS ROZARIO
CLARENCE EVELYN
REGION CODE ADDRESS : 5 HARLOW COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031640089 MORTGAGORS: ORLANDO LINDA
COLAVITO ANGELA
REGION CODE ADDRESS : 472 GROVE AVENUE
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.73600
----------------------------------------------------------------
0 0031640139 MORTGAGORS: DELISI J
DELISI JILL
REGION CODE ADDRESS : 1329 PINEHURST AVENUE
01 CITY : ST PAUL
STATE/ZIP : MN 55116
MORTGAGE AMOUNT : 244,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,894,500.00
P & I AMT: 13,263.03
UPB AMT: 1,894,017.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031640238 MORTGAGORS: GOERSCH JUERGEN
GOERSCH KAREN
REGION CODE ADDRESS : FIVE CROSS ROAD
01 CITY : DARIEN
STATE/ZIP : CT 06820
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 21.53800
----------------------------------------------------------------
0 0031640352 MORTGAGORS: SITTON MICHAEL
SITTON CYNTHIA
REGION CODE ADDRESS : 70 ROCKROSE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 265,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.13100
----------------------------------------------------------------
0 0031640402 MORTGAGORS: OSBORNE DALE
OSBORNE LESLIE
REGION CODE ADDRESS : 29469 NORTH MAMMOTH LANE
01 CITY : CANYON COUNTRY
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 199,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,395.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031640576 MORTGAGORS: RUTHERFORD MATTHEW
RUTHERFORD MARY
REGION CODE ADDRESS : 4506 SHADE ROAD
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031640626 MORTGAGORS: ST BERNARD CARLTON
ST BERNARD TERRY
REGION CODE ADDRESS : 461 35TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,450.00
P & I AMT: 10,448.15
UPB AMT: 1,491,183.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031640931 MORTGAGORS: VARNUM MICHAEL
VARNUM CHERI
REGION CODE ADDRESS : 28 LOMA LINDA AVENUE
01 CITY : ROSS
STATE/ZIP : CA 94957
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.44600
----------------------------------------------------------------
0 0031640972 MORTGAGORS: HARPER LAURA
REGION CODE ADDRESS : 1634 32ND ST NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 280,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031641574 MORTGAGORS: BOCK BRIAN
BOCK SUZANNE
REGION CODE ADDRESS : 6460 DEERBROOK ROAD
01 CITY : OAK PARK
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031641939 MORTGAGORS: MURPHY JOHN
REGION CODE ADDRESS : 4 HUFFMAN ROAD
01 CITY : VALLEY COTTAGE
STATE/ZIP : NY 10989
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031642127 MORTGAGORS: MOYER TED
REGION CODE ADDRESS : 2620 HEATHERSTONE DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,716,600.00
P & I AMT: 11,861.18
UPB AMT: 1,716,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031642424 MORTGAGORS: SALK JONATHAN
SHEPHARD ELIZABETH
REGION CODE ADDRESS : 2444 ELLENTOWN ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 27.08300
----------------------------------------------------------------
0 0031642598 MORTGAGORS: PETERSON RONALD
PETERSON SUSAN
REGION CODE ADDRESS : 27882 CAMPHOR TREE LANE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,724.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031642697 MORTGAGORS: RASHKE DANIEL
RASHKE PATRICIA
REGION CODE ADDRESS : 23 HAWKFEATHER CT
01 CITY : MADISON
STATE/ZIP : WI 53717
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.41500
----------------------------------------------------------------
0 0031642762 MORTGAGORS: STRANGE JAMES
STRANGE MARIANNE
REGION CODE ADDRESS : 29 ANDREAS CIRCLE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031643117 MORTGAGORS: ANDERSON STEVEN
ANDERSON DERROLYN
REGION CODE ADDRESS : 6266 LOCKWOOD DRIVE
01 CITY : WINDSOR
STATE/ZIP : CA 95462
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,900.00
P & I AMT: 9,897.80
UPB AMT: 1,435,724.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031643166 MORTGAGORS: CALDARA STEPHEN
CALDARA KATHLEEN
REGION CODE ADDRESS : 75 BIGELOW STREET
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 62.79400
----------------------------------------------------------------
0 0031643703 MORTGAGORS: WELSH LESLIE
REGION CODE ADDRESS : 5050 ANGELES CREST HIGHWAY
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.96100
----------------------------------------------------------------
0 0031643992 MORTGAGORS: GUYETTE DAVID
GUYETTE FRANCES
REGION CODE ADDRESS : 19 SQUIRE ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031644305 MORTGAGORS: DAVIS EUGENE
DAVIS DELORES
REGION CODE ADDRESS : 3610 OAKLAND DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,346.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031644651 MORTGAGORS: GRIGGS MELISSA
GRIGGS AMANDA
REGION CODE ADDRESS : 970 HOLLY ROAD
01 CITY : TAHOE CITY
STATE/ZIP : CA 96145
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,750.00
P & I AMT: 10,711.42
UPB AMT: 1,577,346.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031644743 MORTGAGORS: BERTA DAVID
BERTA ERIN
REGION CODE ADDRESS : 6 ISABELLA COURT
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.37900
----------------------------------------------------------------
0 0031645393 MORTGAGORS: MARRAMA MARK
MARRAMA KIMBERLY
REGION CODE ADDRESS : 17 EDGEMERE ROAD
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0031646078 MORTGAGORS: CHOW CHEE
CHOW JOAN
REGION CODE ADDRESS : 14 EL PATIO
01 CITY : ORINDA
STATE/ZIP : CA 94563
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031646250 MORTGAGORS: MCLAUGHLIN DOUGLAS
MCLAUGHLIN SUSAN
REGION CODE ADDRESS : 11 STANLEY ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 253,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031646441 MORTGAGORS: DISEATI BLAIR
DISEATI LINDA
REGION CODE ADDRESS : 7590 MAPLE BRANCH ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 45.71900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,578,600.00
P & I AMT: 11,034.84
UPB AMT: 1,578,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031646508 MORTGAGORS: CAYTON REVELS
CAYTON MIYE
REGION CODE ADDRESS : 50 SIERRA AVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 1,260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,810.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031646920 MORTGAGORS: KING MICHAEL
KING KIMBERLY
REGION CODE ADDRESS : 39 CORONA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031647258 MORTGAGORS: STANTON SUSAN
REGION CODE ADDRESS : 1101 NIMITZ LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648116 MORTGAGORS: BUTLER DAVID
BUTLER KATHRYN
REGION CODE ADDRESS : 24201 CARIS STREET
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648272 MORTGAGORS: SICILIANO JOHN
REGION CODE ADDRESS : 24 HARVEST WALK
01 CITY : PENFIELD
STATE/ZIP : NY 14580
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,492,000.00
P & I AMT: 17,407.22
UPB AMT: 2,492,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031648314 MORTGAGORS: KNUDSON-FITZPATRICK ANNE
FITZPATRICK BRIAN
REGION CODE ADDRESS : 13175 SKIVIEW LOOP
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 356,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648769 MORTGAGORS: THORNER NANCY
REGION CODE ADDRESS : 1725 CHERYL WAY
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031648967 MORTGAGORS: RICCOMINI FRANK
RICCOMINI CHARLOTTE
REGION CODE ADDRESS : 16127 HARVEST AVE
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93312
MORTGAGE AMOUNT : 275,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 82.32835
----------------------------------------------------------------
0 0031649445 MORTGAGORS: CONROY MICHAEL
CONROY MARISA
REGION CODE ADDRESS : 11787 PINE BROOK COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 586,649.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,061.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031650336 MORTGAGORS: SU JOSEPH
LIANG MEISHAN
REGION CODE ADDRESS : 8867 S NIGHTINGALE WAY
01 CITY : LITTLETON
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,806,300.00
P & I AMT: 12,276.26
UPB AMT: 1,804,949.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031650724 MORTGAGORS: WILSON SHAUN
WILSON JENNIFER
REGION CODE ADDRESS : 50 DEERTREES LANE
01 CITY : NEWFIELDS
STATE/ZIP : NH 03856
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 : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.53200
----------------------------------------------------------------
0 0031650732 MORTGAGORS: BEYER SCOTT
BEYER MARY
REGION CODE ADDRESS : 2885 TODD STREET
01 CITY : OCEANSIDE
STATE/ZIP : CA 92054
MORTGAGE AMOUNT : 135,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,032.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031650815 MORTGAGORS: KOPEL ROBERT
KOPEL ANN
REGION CODE ADDRESS : 19 MONTEREY PINE DRIVE
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,363.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 51.20000
----------------------------------------------------------------
0 0031650989 MORTGAGORS: JACKSON PAUL
JACKSON JENNIFER
REGION CODE ADDRESS : 16 MEADOWGRASS
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 316,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031651110 MORTGAGORS: PHILLIPS RICHARD
PHILLIPS JACQUELYN
REGION CODE ADDRESS : 2222 NORTH VAL VISTA DRIVE #13
01 CITY : MESA
STATE/ZIP : AZ 85213
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.15789
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,250.00
P & I AMT: 10,705.36
UPB AMT: 1,536,250.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031651318 MORTGAGORS: ARDANTZ MICHAEL
ARDANTZ RITA
REGION CODE ADDRESS : 173 SARATOGA AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031651946 MORTGAGORS: AMES STACI
REGION CODE ADDRESS : 3125 GOODWIN DRIVE
01 CITY : NASHVILLE
STATE/ZIP : TN 37217
MORTGAGE AMOUNT : 67,425.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,425.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 518.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031652498 MORTGAGORS: EDGAR LISA
REGION CODE ADDRESS : 2410 OVERLOOK DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031652563 MORTGAGORS: BUONICONTI ROBERT
BUONICONTI CANDIS
REGION CODE ADDRESS : 6150 NW 122ND TERRACE
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33076
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.46400
----------------------------------------------------------------
0 0031652720 MORTGAGORS: WEINBERGER MARC
PATTERSON THOMAS
REGION CODE ADDRESS : 1962 11TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,625.00
P & I AMT: 9,176.20
UPB AMT: 1,319,625.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031653728 MORTGAGORS: GHIBU ALEXANDER
GHIBU RUXANDA
REGION CODE ADDRESS : 2956 SPARROW DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,522.05 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 : 72.28500
----------------------------------------------------------------
0 0031654023 MORTGAGORS: STEUBING KURT
STEUBING ELIZABETH
REGION CODE ADDRESS : 9 GENEVA DRIVE
01 CITY : EAST FISHKILL
STATE/ZIP : NY 12533
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031654338 MORTGAGORS: BAKER JAMES
BAKER NANCY
REGION CODE ADDRESS : 885 SUNNYSIDE AVENUE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
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 : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031654528 MORTGAGORS: ROACH KEVIN
ROACH GAIL
REGION CODE ADDRESS : 22 WATERBURY AVENUE
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031655418 MORTGAGORS: HYMAN MICHAEL
REGION CODE ADDRESS : 3700 DARTMOUTH WAY
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 139,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,875.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 954.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,475.00
P & I AMT: 9,177.72
UPB AMT: 1,316,997.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031655715 MORTGAGORS: THOMPSON LARRY
REGION CODE ADDRESS : 16906 OAK HILL ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031655939 MORTGAGORS: STILLEY RANDALL
STILLEY SANDRA
REGION CODE ADDRESS : 11711 COUNTRY WAY DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,922.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.97400
----------------------------------------------------------------
0 0031655988 MORTGAGORS: SCHOENFELDT JAMES
SCHOENFELDT ANGELA
REGION CODE ADDRESS : 1205 BARCLAY CIRCLE
01 CITY : INVERNESS
STATE/ZIP : IL 60010
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.32000
----------------------------------------------------------------
0 0031656937 MORTGAGORS: NUNNALLY CHARLES
NUNNALLY JILL
REGION CODE ADDRESS : 2837 RAMSGATE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 38.04300
----------------------------------------------------------------
0 0031657125 MORTGAGORS: KIM JIN
KIM CHRISTIN
REGION CODE ADDRESS : 21551 VIA DEL ANGEL
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,600.00
P & I AMT: 12,007.01
UPB AMT: 1,735,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031657497 MORTGAGORS: KABACHUS STEVEN
KABACHUS JENNIFER
REGION CODE ADDRESS : 226 GARDINER ROAD
01 CITY : QUINCY
STATE/ZIP : MA 02169
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031658222 MORTGAGORS: BATES CHRISTOPHER
BATES SARAH
REGION CODE ADDRESS : 4945 CHINA GARDEN DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 184,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,277.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031658453 MORTGAGORS: BAUMAN RICHARD
REGION CODE ADDRESS : 201 CERRITO CIELO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.82036
----------------------------------------------------------------
0 0031658735 MORTGAGORS: MORGAN GENE
MORGAN PAULA
REGION CODE ADDRESS : 3768 FROST LANE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 129,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 916.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031659022 MORTGAGORS: DELLUMS RONALD
REGION CODE ADDRESS : 4525 FOXHALL CRESCENT NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,500.00
P & I AMT: 10,164.22
UPB AMT: 1,461,042.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031659477 MORTGAGORS: RUSKEY JOHN
RUSKEY ELIZABETH
REGION CODE ADDRESS : 124 111TH STREET
01 CITY : STONE HARBOR
STATE/ZIP : NJ 08247
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 : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 68.37600
----------------------------------------------------------------
0 0031660707 MORTGAGORS: PATACCA MICHAEL
REGION CODE ADDRESS : 600 WOOD BRANCH TRAIL
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,557.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031660715 MORTGAGORS: KALSTAD SAMUEL
KALSTAD LARK
REGION CODE ADDRESS : 6 DOW COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 267,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,041.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97761
----------------------------------------------------------------
0 0031660749 MORTGAGORS: GRIM CHARLES
GRIM PATRICIA
REGION CODE ADDRESS : 16245 SOUTH 1ST STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 233,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,463.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.96363
----------------------------------------------------------------
0 0031660806 MORTGAGORS: GUILLET MARC
GUILLET DANA
REGION CODE ADDRESS : 3058 WHISPERWAVE CIRCLE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 386,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,105.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,300.00
P & I AMT: 10,663.39
UPB AMT: 1,576,167.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031660947 MORTGAGORS: ROSE HENRY
ROSE KIMBERLEY
REGION CODE ADDRESS : 20607 QUARTERPATH TRACE CL
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031660962 MORTGAGORS: HUGHES LAURANCE
ISABEL PAMELA
REGION CODE ADDRESS : 10525 CHESTER WAY
01 CITY : WOODSTOCK
STATE/ZIP : MD 21163
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,396.40 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 : 79.98215
----------------------------------------------------------------
0 0031660988 MORTGAGORS: ZAIDI SYED
ZAIDI ISMAT
REGION CODE ADDRESS : 22332 CANTERFIELD WAY
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 251,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,543.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031661069 MORTGAGORS: GLOVER DAVID
REGION CODE ADDRESS : 106 CHINABERRY LANE
01 CITY : COLLEGEVILLE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 259,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,883.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031661135 MORTGAGORS: MOORE CHARLES
MOORE CATHY
REGION CODE ADDRESS : 311 MORGAN HILL STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 291,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,883.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,300.00
P & I AMT: 8,957.25
UPB AMT: 1,294,349.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031661150 MORTGAGORS: WARD WILLIAM
WARD DEBORAH
REGION CODE ADDRESS : 1154 OAK CREEK COURT
01 CITY : WINTER SPRINGS
STATE/ZIP : FL 32708
MORTGAGE AMOUNT : 266,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,803.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.90500
----------------------------------------------------------------
0 0031661184 MORTGAGORS: PETERSON JAY
PETERSON LAURA
REGION CODE ADDRESS : 10129 PLANTERS WOODS DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 264,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,038.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98704
----------------------------------------------------------------
0 0031661333 MORTGAGORS: HOBBY ROGER
HOBBY KRISTEN
REGION CODE ADDRESS : 1 CHESTNUT LANE
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.23500
----------------------------------------------------------------
0 0031663610 MORTGAGORS: BACH BRIAN
BACH MARY LOU
REGION CODE ADDRESS : 1 PERDER LANE
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,926.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031664816 MORTGAGORS: CAMAMO KATHY
CAMAMO ANTHONY
REGION CODE ADDRESS : 1957 EAST CLUBHOUSE DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,706.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,764,450.00
P & I AMT: 12,126.98
UPB AMT: 1,763,549.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031666076 MORTGAGORS: URQUHART GRACE
URQUHART ROBERT
REGION CODE ADDRESS : 55 COVERED BRIDGE ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,774.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.26500
----------------------------------------------------------------
0 0031666126 MORTGAGORS: WONG MAN
HUANG PEGGY
REGION CODE ADDRESS : 12560 WEST MEADOW CIRCLE
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 249,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,915.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031666464 MORTGAGORS: HUGHES CLIFFORD
HUGHES KATHLEEN
REGION CODE ADDRESS : 10548 CHESTER WAY
01 CITY : WOODSTOCK
STATE/ZIP : MD 21163
MORTGAGE AMOUNT : 253,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,773.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031666530 MORTGAGORS: HAVEMANN TODD
HAVEMANN JILL
REGION CODE ADDRESS : 1157 FOX PATH
01 CITY : WEST DUNDEE
STATE/ZIP : IL 60118
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.97600
----------------------------------------------------------------
0 0031666589 MORTGAGORS: HARVEY BRUCE
REGION CODE ADDRESS : 10387 WETHERBURN ROAD
01 CITY : WOODSTOCK
STATE/ZIP : MD 21163
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,250.00
P & I AMT: 9,061.42
UPB AMT: 1,318,030.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031666621 MORTGAGORS: LAZORCHAK KENNETH
LAZORCHAK CARRIE
REGION CODE ADDRESS : 2999 TURTLE CREEK
01 CITY : LAUREL
STATE/ZIP : MD 20724
MORTGAGE AMOUNT : 243,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,069.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031667553 MORTGAGORS: ROSENBAUM WILLIAM
ROSENBAUM GINGER
REGION CODE ADDRESS : 5757 PLUMCREST DRIVE
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48322
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,655.14 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 0031667587 MORTGAGORS: MISHLER DANIEL
MISHLER MARTHA
REGION CODE ADDRESS : 6369 FERRY RD
01 CITY : EAST JORDAN
STATE/ZIP : MI 49727
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,769.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 52.30700
----------------------------------------------------------------
0 0031667595 MORTGAGORS: MOORMAN HERSCHEL
REGION CODE ADDRESS : 9000 NESBIT LAKES DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031667611 MORTGAGORS: GABEL CHRISTIAN
GABEL DIANE
REGION CODE ADDRESS : 34 KNAPP RD.
01 CITY : POUND RIDGE
STATE/ZIP : NY 10576
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 : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.28000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,450.00
P & I AMT: 9,775.42
UPB AMT: 1,447,836.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031667645 MORTGAGORS: GAGE ALEXANDER
REGION CODE ADDRESS : 487 KERCHEVAL AVENUE
01 CITY : GROSSE POINTE FARMS
STATE/ZIP : MI 48236
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,549.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.63100
----------------------------------------------------------------
0 0031667652 MORTGAGORS: CARINO VINCENTE
CARINO TEODORA
REGION CODE ADDRESS : 6520 STONEBROOK
01 CITY : FLUSHING
STATE/ZIP : MI 48433
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,630.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.46100
----------------------------------------------------------------
0 0031667702 MORTGAGORS: RYAN DAVID
RYAN CHERIE
REGION CODE ADDRESS : 3725 WOODSTONE DRIVE
01 CITY : LEWIS CENTER
STATE/ZIP : OH 43035
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,402.58 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 : 51.48500
----------------------------------------------------------------
0 0031667736 MORTGAGORS: LAUREY GEORGE
LAUREY ROSEMARY
REGION CODE ADDRESS : 861 SOUTH FIFTH STREET
01 CITY : COLUMBUS
STATE/ZIP : OH 43206
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,416.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031667785 MORTGAGORS: KENNEDY RICHARD
KENNEDY DEBRA
REGION CODE ADDRESS : 9950 FELLOWS HILL COURT
01 CITY : PLYMOUTH
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,520.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.93400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,000.00
P & I AMT: 9,365.20
UPB AMT: 1,356,519.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031667850 MORTGAGORS: FARMER KENNETH
REGION CODE ADDRESS : 3414 LEXINGTON
01 CITY : WATERFORD
STATE/ZIP : MI 48328
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,149.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.97200
----------------------------------------------------------------
0 0031667975 MORTGAGORS: BUTLER JOHN
BUTLER HELEN
REGION CODE ADDRESS : 7575 OLD MILL ROAD
01 CITY : GATES MILLS
STATE/ZIP : OH 44040
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.00000
----------------------------------------------------------------
0 0031668197 MORTGAGORS: PATTON DAVID
PATTON JOYCE
REGION CODE ADDRESS : 7126 LONGVIEW DRIVE
01 CITY : SOLON
STATE/ZIP : OH 44139
MORTGAGE AMOUNT : 275,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,118.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0031668205 MORTGAGORS: TYRPAK TIMOTHY
TYRPAK MICHELE
REGION CODE ADDRESS : 4644 NEWTON ROAD
01 CITY : RICHFIELD
STATE/ZIP : OH 44286
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,065.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.83600
----------------------------------------------------------------
0 0031668239 MORTGAGORS: PIJANOWSKI JOHN
PIJANOWSKI KATHERINE
REGION CODE ADDRESS : 5336 MILKWEED DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.40600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,050.00
P & I AMT: 9,252.30
UPB AMT: 1,350,514.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031668254 MORTGAGORS: RENK THOMAS
RENK KAREN
REGION CODE ADDRESS : 1011 PEMBRIDGE PLACE
01 CITY : SUGAR GROVE
STATE/ZIP : IL 60554
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,280.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.52200
----------------------------------------------------------------
0 0031668270 MORTGAGORS: FABIAN RICHARD
FABIAN SUZETTE
REGION CODE ADDRESS : 7786 ELLINGTON PLACE
01 CITY : MENTOR
STATE/ZIP : OH 44060
MORTGAGE AMOUNT : 268,380.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,949.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 92.54400
----------------------------------------------------------------
0 0031668312 MORTGAGORS: KASAVICH JOSEPH
KASAVICH MARY
REGION CODE ADDRESS : 8209 TIMBER TRAIL
01 CITY : BAINBRIDGE
STATE/ZIP : OH 44023
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,604.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,485.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 60.26300
----------------------------------------------------------------
0 0031668338 MORTGAGORS: MARTELLA TONY
MARTELLA CHERYL
REGION CODE ADDRESS : 5558 WOODMILL CIRCLE
01 CITY : BRECKSVILLE
STATE/ZIP : OH 44141
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,222.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 39.31000
----------------------------------------------------------------
0 0031668346 MORTGAGORS: ESBER DENNIS
ESBER KIM
REGION CODE ADDRESS : 3298 PERSIMMON LANE
01 CITY : AVON
STATE/ZIP : OH 44011
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,564.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,516.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,303,880.00
P & I AMT: 8,532.12
UPB AMT: 1,301,622.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031668445 MORTGAGORS: DENEEN DANIEL
REGION CODE ADDRESS : 2580 SUTTON LANE
01 CITY : AURORA
STATE/ZIP : IL 60504
MORTGAGE AMOUNT : 228,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,521.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.98300
----------------------------------------------------------------
0 0031668486 MORTGAGORS: HUFFMAN BRADLEY
HUFFMAN NANCY
REGION CODE ADDRESS : 604 ARLINGTON AVENUE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,307.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.69200
----------------------------------------------------------------
0 0031668510 MORTGAGORS: SCHMIDT JOSEPH
SCHMIDT TYRRELL
REGION CODE ADDRESS : 0N701 MARION AVENUE
01 CITY : WHEATON
STATE/ZIP : IL 60187
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0031668577 MORTGAGORS: FAWELL BRUCE
FAWELL TERRY
REGION CODE ADDRESS : 102 PALAMINO PLACE
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 261,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,201.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.79000
----------------------------------------------------------------
0 0031668585 MORTGAGORS: KNIGHT HENRY
KNIGHT JILL
REGION CODE ADDRESS : 1019 TREESIDE COURT
01 CITY : CENTERVILLE
STATE/ZIP : OH 45458
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 : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.53400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,600.00
P & I AMT: 9,114.08
UPB AMT: 1,331,372.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031668601 MORTGAGORS: NELSON GORDON
NELSON CATHERINE
REGION CODE ADDRESS : 7226 GREEN ASH COURT
01 CITY : CENTERVILLE
STATE/ZIP : OH 45459
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,549.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031668627 MORTGAGORS: PRICE ALAN
REGION CODE ADDRESS : 1314 TALON RIDGE COURT
01 CITY : BELLBROOK
STATE/ZIP : OH 45305
MORTGAGE AMOUNT : 338,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,897.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031668643 MORTGAGORS: VOLPE THOMAS
VOLPE LINDA
REGION CODE ADDRESS : 8056 PARKEAST COURT
01 CITY : CENTERVILLE
STATE/ZIP : OH 45458
MORTGAGE AMOUNT : 288,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,984.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.20300
----------------------------------------------------------------
0 0031668650 MORTGAGORS: HYLAND TIMOTHY
HYLAND KATHLEEN
REGION CODE ADDRESS : 10878 PENINSULA DRIVE
01 CITY : TRAVERSE CITY
STATE/ZIP : MI 49686
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,456.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.07400
----------------------------------------------------------------
0 0031668668 MORTGAGORS: MUES ROBERT
MUES ELIZABETH
REGION CODE ADDRESS : 545 GARDEN ROAD
01 CITY : DAYTON
STATE/ZIP : OH 45419
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,328.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.21 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: 1,564,250.00
P & I AMT: 10,810.97
UPB AMT: 1,560,217.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031668676 MORTGAGORS: NICKELS DENNIS
NICKELS CAROL
REGION CODE ADDRESS : 1802 CREEKVIEW TERRACE
01 CITY : OKEMOS
STATE/ZIP : MI 48864
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031668684 MORTGAGORS: POLLOCK WILLIAM
POLLOCK MARY
REGION CODE ADDRESS : 6574 PARTRIDGE LANE
01 CITY : HOLLAND
STATE/ZIP : MI 49423
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.48000
----------------------------------------------------------------
0 0031668700 MORTGAGORS: BUCKWALTER KENNETH
HADDOX MARCIA
REGION CODE ADDRESS : 8162 ROUND HILL COURT
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46260
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,181.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031668718 MORTGAGORS: EDWARDS JAMES
EDWARDS ROSEMARIE
REGION CODE ADDRESS : 5250 APACHE MOON
01 CITY : CARMEL
STATE/ZIP : IN 46033
MORTGAGE AMOUNT : 271,082.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,443.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 92.20400
----------------------------------------------------------------
0 0031668742 MORTGAGORS: POSTON HOWARD
POSTON LEANN
REGION CODE ADDRESS : 297 NARROWS TRACE
01 CITY : BEAVERCREEK
STATE/ZIP : OH 45385
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,310.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,832.00
P & I AMT: 9,617.26
UPB AMT: 1,418,307.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031668783 MORTGAGORS: LEVINSON SANFORD
LEVINSON ELAINE
REGION CODE ADDRESS : 8074 DEAN ROAD
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46240
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,805.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,334.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031668833 MORTGAGORS: PISCITELLI FRANK
CARKHUFF DENISE
REGION CODE ADDRESS : 5888 LAURA WOOD LANE
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 234,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,475.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.08300
----------------------------------------------------------------
0 0031668858 MORTGAGORS: NETTIS DONALD
NETTIS ELIZABETH
REGION CODE ADDRESS : 2948 WILSON LANE
01 CITY : TWINSBURG
STATE/ZIP : OH 44087
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,446.36 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 0031669898 MORTGAGORS: ELLIS LESLIE
REGION CODE ADDRESS : 219 VIA DIJON
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.60600
----------------------------------------------------------------
0 0031670912 MORTGAGORS: KRAMER DAVID
KRAMER ROBIN
REGION CODE ADDRESS : 67 WAVERLY AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02158
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,250.00
P & I AMT: 10,950.86
UPB AMT: 1,609,726.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031671571 MORTGAGORS: WATLER KARL
WATLER NANCY
REGION CODE ADDRESS : 1434 SOLITUDE LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.27300
----------------------------------------------------------------
0 0031672900 MORTGAGORS: ENG CHRISTINE
LEON JOHN
REGION CODE ADDRESS : 2322 26TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.40900
----------------------------------------------------------------
0 0031672926 MORTGAGORS: COBB STEVEN
HAEGER ELIZABETH
REGION CODE ADDRESS : 1663 GLEN HOLLOW COURT
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031672934 MORTGAGORS: CATALLI PAUL
CATALLI CELESTE
REGION CODE ADDRESS : 1368 EDGEWOOD ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
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 : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.79400
----------------------------------------------------------------
0 0031672991 MORTGAGORS: CRUSE SCOTT
CRUSE PHYLLIS
REGION CODE ADDRESS : 112 LOMA VISTA COURT
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,000.00
P & I AMT: 11,909.23
UPB AMT: 1,702,334.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673031 MORTGAGORS: JARBOE THOMAS
JARBOE MARIE
REGION CODE ADDRESS : 8959 S INDIAN HILLS ROAD
01 CITY : MONTAGUE
STATE/ZIP : MI 49437
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,983.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031673064 MORTGAGORS: AU DEREK
REGION CODE ADDRESS : 549 MINER ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,712.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031673080 MORTGAGORS: BAILEY STEPHEN
MELBY LORRIE
REGION CODE ADDRESS : 609 EAST MENDOCINO ST
01 CITY : ALTADENA,
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,636.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,689.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.18900
----------------------------------------------------------------
0 0031673098 MORTGAGORS: SIMON DAVID
SIMON ROSALIA
REGION CODE ADDRESS : 150 KENSINGTON WAY
01 CITY : LOS GATOS,
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,596.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,153.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031673114 MORTGAGORS: VU DE
VU DIANE
REGION CODE ADDRESS : 48975 GREEN VALLEY ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,295.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.30 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: 2,123,000.00
P & I AMT: 14,640.84
UPB AMT: 2,120,224.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673155 MORTGAGORS: WORLAND STEPHEN
CHORY JOANNE
REGION CODE ADDRESS : 727 HOSKA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,105.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.95500
----------------------------------------------------------------
0 0031673221 MORTGAGORS: WEISS JOY
REGION CODE ADDRESS : 5951 CHELTON DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.82100
----------------------------------------------------------------
0 0031673247 MORTGAGORS: WAVERING GARY
WAVERING MICHELLE
REGION CODE ADDRESS : 5000 LAREDO PLACE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 297,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,156.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.89100
----------------------------------------------------------------
0 0031673288 MORTGAGORS: SHEN YA-HU
SHEN HSIU-MEI
REGION CODE ADDRESS : 41770 HIGGINS WAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 273,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,121.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0031673320 MORTGAGORS: ROGERS LAWRENCE
ROGERS MICHELE
REGION CODE ADDRESS : 21631 KANEOHE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 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: 1,821,700.00
P & I AMT: 12,944.45
UPB AMT: 1,820,664.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673445 MORTGAGORS: MOON JAMES
MOON MONA
REGION CODE ADDRESS : 1381 CAMINITO HALAGO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,621.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,308.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.49400
----------------------------------------------------------------
0 0031673460 MORTGAGORS: VOGEL RONALD
REGION CODE ADDRESS : 2333 GLENDENNING AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.71700
----------------------------------------------------------------
0 0031673486 MORTGAGORS: MORRIS JEFFRY
MORRIS HEATHER
REGION CODE ADDRESS : 11391 FOSTER ROAD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 258,675.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,492.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.97800
----------------------------------------------------------------
0 0031673494 MORTGAGORS: MOFFIT BRIAN
MOFFIT KIMBERLY
REGION CODE ADDRESS : 5441 EL CIELITO
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 649,999.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,540.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.06100
----------------------------------------------------------------
0 0031673510 MORTGAGORS: BEARD DENNIS
BEARD JANET
REGION CODE ADDRESS : 23016 KENT AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.26000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,945,674.00
P & I AMT: 13,584.04
UPB AMT: 1,944,434.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673536 MORTGAGORS: DILUCHIO ROBERT
DILUCHIO TRACY
REGION CODE ADDRESS : 49 MERLIN AVENUE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031673551 MORTGAGORS: LEE KEVIN
HUI-MEI WONG MICHELLE
REGION CODE ADDRESS : 1021 ELM STREET
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,701.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031673593 MORTGAGORS: FRYMAN BRUCE
FRYMAN LI
REGION CODE ADDRESS : 30092 CARTIER DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,630.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,349.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.48400
----------------------------------------------------------------
0 0031673601 MORTGAGORS: FURNAS DWIGHT
FURNAS MARTHA
REGION CODE ADDRESS : 2522 SAN ANSELMO STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031673643 MORTGAGORS: IIDA MYLES
JACKLE DOLORES
REGION CODE ADDRESS : 8326 EAST QUIET CANYON COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 247,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,207.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,664,400.00
P & I AMT: 11,565.50
UPB AMT: 1,663,148.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673676 MORTGAGORS: FOSTER DAVID
MOSER KATHERINE
REGION CODE ADDRESS : 1827 PARROTT DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,757.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.00000
----------------------------------------------------------------
0 0031673684 MORTGAGORS: DANG HUNG
NGUYEN THUY
REGION CODE ADDRESS : 45305 PARKMEADOW DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,732.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.47600
----------------------------------------------------------------
0 0031673718 MORTGAGORS: KELSO GEORGE
KELSO BETTY
REGION CODE ADDRESS : 5328 FORECASTLE COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,799.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 81.58700
----------------------------------------------------------------
0 0031673726 MORTGAGORS: KRANTZ ERIC
KRANTZ PAULA
REGION CODE ADDRESS : 12 EISENHOWER LANE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,715.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.56800
----------------------------------------------------------------
0 0031673858 MORTGAGORS: KAUZOR DANIEL
KAUZOR CHERI
REGION CODE ADDRESS : 25948 COLERIDGE PLACE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
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 : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,619,000.00
P & I AMT: 11,200.36
UPB AMT: 1,617,771.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031673866 MORTGAGORS: ELLIOTT RICHARD
ELLIOTT KAREN
REGION CODE ADDRESS : 4254 VERDIGRIS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95134
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,798.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.16400
----------------------------------------------------------------
0 0031673890 MORTGAGORS: ELERATH JON
ELERATH DEBRA
REGION CODE ADDRESS : 10055 CRESCENT ROAD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.06400
----------------------------------------------------------------
0 0031674138 MORTGAGORS: LEWIS RONALD
MCNAMARA-LEWIS CAREN
REGION CODE ADDRESS : 225 FIRESTONE DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,763.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031674211 MORTGAGORS: CALHAN ROSWITHA
CALHAN ROBERT
REGION CODE ADDRESS : 2439 24TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 297,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,549.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.41300
----------------------------------------------------------------
0 0031674260 MORTGAGORS: LASKER FREDRICK
PAETH-LASKER ELIZABETH
REGION CODE ADDRESS : 121 CASTLEFORD CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,688.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,853,800.00
P & I AMT: 12,859.99
UPB AMT: 1,852,400.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031674286 MORTGAGORS: BULLOCK THOMAS
BULLOCK MICHELLE
REGION CODE ADDRESS : 882 SOUTH BRIAR ROSE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.42500
----------------------------------------------------------------
0 0031674294 MORTGAGORS: COOK JOHN
GLEN HEATHER
REGION CODE ADDRESS : 23 HARBOR RIDGE DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,715.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,684.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.54800
----------------------------------------------------------------
0 0031674377 MORTGAGORS: PARKER JOSEPH
REGION CODE ADDRESS : 5408 RIVER AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031675424 MORTGAGORS: AUMAN DAVID
AUMAN CYNTHIA
REGION CODE ADDRESS : 20013 LINCOLN ROAD
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,382.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031675572 MORTGAGORS: LEONARD CHARLES
JENKINS REUBEN
REGION CODE ADDRESS : 2113 ARTHUR AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 315,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.02400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,000.00
P & I AMT: 10,210.27
UPB AMT: 1,478,097.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031675838 MORTGAGORS: HAYES ROBERT
HAYES NANCY
REGION CODE ADDRESS : 3000 EAST 2ND STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 413,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,054.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.72300
----------------------------------------------------------------
0 0031675937 MORTGAGORS: RAWSON RICHARD
OBERT JEANNE
REGION CODE ADDRESS : 7506 EARLDOM STREET
01 CITY : LOS ANGELES (PLAYA DEL RE
STATE/ZIP : CA 90293
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676075 MORTGAGORS: MOGHADDAM YOUSSEF
MOGHADDAM LEILA
REGION CODE ADDRESS : 60 RAVEN LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676091 MORTGAGORS: FREESE PAUL
FREESE DENISE
REGION CODE ADDRESS : 3312 KEESHEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.36800
----------------------------------------------------------------
0 0031676190 MORTGAGORS: PATTERSON KENNETH
PATTERSON JACQUELINE
REGION CODE ADDRESS : 5350 CAMINO DE BRYANT
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 459,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.24500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,789,300.00
P & I AMT: 12,615.31
UPB AMT: 1,789,300.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676240 MORTGAGORS: COX STEPHEN
COX KARLA
REGION CODE ADDRESS : 11999 MOJAVE LANE
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 175,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,932.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,210.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676299 MORTGAGORS: MCGUIRK DENNIS
MCGUIRK JUDITH
REGION CODE ADDRESS : 17 NORUMBEGA DRIVE
01 CITY : CAMDEN
STATE/ZIP : ME 04843
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,706.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,564.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676349 MORTGAGORS: PRYMAK DAVID
PRYMAK TERI
REGION CODE ADDRESS : 13104 FOXHALL DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,575.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676380 MORTGAGORS: YERGATIAN LIBARITE
YERGATIAN ROSALIE
REGION CODE ADDRESS : 160 REES PLACE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,596.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.95100
----------------------------------------------------------------
0 0031676604 MORTGAGORS: SHADEMAN MOHAMMAD-ALI
SHADMAN LUANN
REGION CODE ADDRESS : 12202 FOX VALLEY COURT
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,391.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.17000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,200.00
P & I AMT: 8,830.55
UPB AMT: 1,305,203.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676620 MORTGAGORS: FRANKLIN C
REGION CODE ADDRESS : 12285 BAY HARBOR LANE
01 CITY : CARROLLTON
STATE/ZIP : VA 23314
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,527.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.26500
----------------------------------------------------------------
0 0031676661 MORTGAGORS: WICINSKI THOMAS
WICINSKI LEIGH
REGION CODE ADDRESS : 1895 GROVEWAY LANE
01 CITY : GERMANTOWN
STATE/ZIP : TN 38139
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,260.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676703 MORTGAGORS: EISCHENS DONALD
EISCHENS DEIRDRE
REGION CODE ADDRESS : 8414 SILVERDALE COURT
01 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,651.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,364.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676828 MORTGAGORS: PORTER JAMES
PORTER JO
REGION CODE ADDRESS : 8107 LONG SHADOWS DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,620.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031676877 MORTGAGORS: STANFORD STEPHEN
WEST-STANFORD DAPHNE
REGION CODE ADDRESS : 1062 OAK TREE ROAD
01 CITY : HOOVER
STATE/ZIP : AL 35244
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,008.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,600.00
P & I AMT: 10,306.63
UPB AMT: 1,541,067.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031676919 MORTGAGORS: HOWARD MICHAEL
HOWARD SHARLENE
REGION CODE ADDRESS : 71 SIMMONS LANE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 252,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,227.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031676927 MORTGAGORS: DOANE DAVID
DOANE MARJORIE
REGION CODE ADDRESS : 1509 MILL SPRINGS ROAD
01 CITY : JONESBOROUGH
STATE/ZIP : TN 37659
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,517.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031677024 MORTGAGORS: STEESE CHARLES
STEESE JAMIE
REGION CODE ADDRESS : 6499 E. LONG CIRCLE NO.
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80112
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031677131 MORTGAGORS: HENDERSON ALLEN
HENDERSON TAMARAH
REGION CODE ADDRESS : 4520 W. WOODMERE RD
01 CITY : TAMPA
STATE/ZIP : FL 33609
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,678.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,142.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031677149 MORTGAGORS: HENRY HAROLD
MILLER KELLY
REGION CODE ADDRESS : 317 W. GOETHE STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 354,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,243.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,800.00
P & I AMT: 10,662.68
UPB AMT: 1,546,482.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031677198 MORTGAGORS: HITE RONALD
HITE STACEY
REGION CODE ADDRESS : 3 YARROW
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,842.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031677206 MORTGAGORS: MEISINGER STEPHEN
MEISINGER CONSTANCE
REGION CODE ADDRESS : 427 COTTAGE HILL AVENUE
01 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 463,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,264.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,281.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031677586 MORTGAGORS: KEARNEY MATTHEW
PRIMO JILL
REGION CODE ADDRESS : 7 DWIGHT STREET #5
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 195,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031677768 MORTGAGORS: JOHNSON CARL
JOHNSON LAURA
REGION CODE ADDRESS : 24340 MORNINGTON DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,648.14 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 : 80.00000
----------------------------------------------------------------
0 0031677842 MORTGAGORS: DUNLAP JENNIFER
BOSHART CHARLES
REGION CODE ADDRESS : 126 NORTH GARFIELD STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 379,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,918.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.42 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: 1,690,000.00
P & I AMT: 11,880.37
UPB AMT: 1,688,873.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031678071 MORTGAGORS: HORAK FRANK
HORAK MARYANN
REGION CODE ADDRESS : 1015 STUART CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.25000
----------------------------------------------------------------
0 0031678105 MORTGAGORS: ATKINSON DAVID
ATKINSON JEANNETTE
REGION CODE ADDRESS : 5603 WHITE COURT
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.15400
----------------------------------------------------------------
0 0031678113 MORTGAGORS: TURK ROBERT
REGION CODE ADDRESS : 8137 EAST DANIELS LOOP
01 CITY : PORT ORCHARD
STATE/ZIP : WA 98366
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.85200
----------------------------------------------------------------
0 0031678139 MORTGAGORS: GARCIA MICHAEL
GARCIA MARIA
REGION CODE ADDRESS : 6350 TARRAGON ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.60000
----------------------------------------------------------------
0 0031678162 MORTGAGORS: SUNDAY GREGORY
SUNDAY LUANN
REGION CODE ADDRESS : 6088 MONASTERY DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : OH 45014
MORTGAGE AMOUNT : 153,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.68700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,500.00
P & I AMT: 9,305.03
UPB AMT: 1,341,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031678170 MORTGAGORS: BEAUFORT CHRISTOPHER
SUGI -BEAUFORT DENISE
REGION CODE ADDRESS : 425 HELIOTROPE AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 372,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.67900
----------------------------------------------------------------
0 0031678204 MORTGAGORS: CARLSON CLYDE
REGION CODE ADDRESS : 8519 ROCKFISH CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.93300
----------------------------------------------------------------
0 0031678675 MORTGAGORS: SEMANA RONNEL
GARRIDO LORNA
REGION CODE ADDRESS : 32780 SOUTH BELAMI LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 294,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,236.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0031678774 MORTGAGORS: STETSON JOHN
STETSON ELIZABETH
REGION CODE ADDRESS : 2626 E AZ BILTMORE CR #10
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,203.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031678782 MORTGAGORS: FISHER EDWARD
FISHER VICKI
REGION CODE ADDRESS : 4042 BLACK POINT ROAD
01 CITY : HONOLULU
STATE/ZIP : HI 96816
MORTGAGE AMOUNT : 413,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,542.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,893.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.12200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,600.00
P & I AMT: 11,018.61
UPB AMT: 1,589,883.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031678790 MORTGAGORS: CARDENAS MARIA
REGION CODE ADDRESS : 6249 LOS BANCOS DRIVE
01 CITY : EL PASO
STATE/ZIP : TX 79912
MORTGAGE AMOUNT : 243,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,714.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.36900
----------------------------------------------------------------
0 0031678816 MORTGAGORS: D'ANTONIO SAMUEL
REGION CODE ADDRESS : 5 ATLANTIS COVE
01 CITY : BRIGANTINE
STATE/ZIP : NJ 08203
MORTGAGE AMOUNT : 385,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,611.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031678956 MORTGAGORS: HAHN DOUGLAS
REGION CODE ADDRESS : 1121 MARTIN STREET
01 CITY : TALLAHASSEE
STATE/ZIP : FL 32303
MORTGAGE AMOUNT : 244,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,722.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031679004 MORTGAGORS: DURBIN ROBERT
DURBIN LINDA
REGION CODE ADDRESS : 13807 N MESQUITE LANE
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
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 : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031679087 MORTGAGORS: NELSON CHADWICH
REGION CODE ADDRESS : 3406 ATWATER CT
01 CITY : BOWIE
STATE/ZIP : MD 20716
MORTGAGE AMOUNT : 238,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,886.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,650.00
P & I AMT: 10,038.26
UPB AMT: 1,426,306.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031679095 MORTGAGORS: HEGGE DOUG
REGION CODE ADDRESS : 3915 SE 155TH AVENUE
01 CITY : VANCOUVER
STATE/ZIP : WA 98683
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 : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 86.66600
----------------------------------------------------------------
0 0031679160 MORTGAGORS: GOETTING JEFFREY
GOETTING CAROL
REGION CODE ADDRESS : 40780 LOS RANCHOS CIRCLE
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,795.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031679194 MORTGAGORS: CROMPTON LARRY
CROMPTON BARBARA
REGION CODE ADDRESS : 41078 SHIMANEK BRIDGE DRIVE
01 CITY : SCIO
STATE/ZIP : OR 97374
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031679277 MORTGAGORS: OKINO PAUL
VASQUEZ MARIA
REGION CODE ADDRESS : 32727 RED MAPLE STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 309,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,908.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031679285 MORTGAGORS: STRANGIS NICOLE
STRANGIS VINCENT
REGION CODE ADDRESS : 6381 BLACKBERRY COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,759.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99956
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,550.00
P & I AMT: 10,124.71
UPB AMT: 1,470,460.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031679319 MORTGAGORS: LAPATRA WILLIAM
LAPATRA MOLLY
REGION CODE ADDRESS : 118 NORTH ARGYLE PLACE
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,764.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.04500
----------------------------------------------------------------
0 0031679327 MORTGAGORS: LOBO DAVID
LOBO ANN
REGION CODE ADDRESS : 350 WESTAIRE BOULEVARD
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 234,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,167.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031680515 MORTGAGORS: LUSTINE GARY
LUSTINE MARCY
REGION CODE ADDRESS : 13604 ANCHOR COVE COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,424.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.97100
----------------------------------------------------------------
0 0031680556 MORTGAGORS: D'AGOSTINO GIOVANNI
D'AGOSTINO MARGARET
REGION CODE ADDRESS : 13627 WEINSTEIN COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,538.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.26200
----------------------------------------------------------------
0 0031680564 MORTGAGORS: THIE HARRY
THIE KATHLEEN
REGION CODE ADDRESS : 901 LANIER PLACE
01 CITY : FALLS CHRUCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,201.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,609.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.68700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,850.00
P & I AMT: 10,324.04
UPB AMT: 1,534,095.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031680606 MORTGAGORS: DAVIS CLAYTON
DAVIS MARY
REGION CODE ADDRESS : 6641 HAWTHORNE STREET
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,985.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031680630 MORTGAGORS: BERGERE DOUGLAS
HAMM MARY
REGION CODE ADDRESS : 10600 LARKSONG COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,624.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031680648 MORTGAGORS: ANGELICO ANTHONY
ANGELICO MARIA
REGION CODE ADDRESS : 5 MILL COURT
01 CITY : CORTLANDT MANOR
STATE/ZIP : NY 10566
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,199.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.02500
----------------------------------------------------------------
0 0031680663 MORTGAGORS: DEL POLITO CATHLEEN
DEL POLITO GENE
REGION CODE ADDRESS : 8300 IVY GREEN ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 347,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,028.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031680739 MORTGAGORS: MORRIS ALAN
MORRIS WENDY
REGION CODE ADDRESS : 9624 NUTHATCH DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,745.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,850.00
P & I AMT: 10,516.91
UPB AMT: 1,578,584.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031680754 MORTGAGORS: LANGHAM PHILIP
LANGHAM TEQUILA
REGION CODE ADDRESS : 8615 WOODWREN LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,016.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031680846 MORTGAGORS: MASJEDI MOISE
REGION CODE ADDRESS : 15552 AQUA VERDE DR
01 CITY : BEL AIR
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
0 0031681059 MORTGAGORS: TORRESCANO DOROTHY
TORRESCANO JAMES
REGION CODE ADDRESS : 11598 JAGUAR COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.65600
----------------------------------------------------------------
0 0031681091 MORTGAGORS: TANTUM GREGORY
TANTUM NANCY
REGION CODE ADDRESS : 14964 GREENLEAF STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031681430 MORTGAGORS: SNOW CEDRIC
SNOW LESLIE
REGION CODE ADDRESS : 3830 FIR CIRCLE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,750,500.00
P & I AMT: 12,216.28
UPB AMT: 1,749,516.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031681471 MORTGAGORS: BINDER KENNETH
BINDER LINDA
REGION CODE ADDRESS : 1660 DORAL COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.75000
----------------------------------------------------------------
0 0031681497 MORTGAGORS: HENDRICKS MARK
HENDRICKS PATRICE
REGION CODE ADDRESS : 7715 LAKE ALICE ROAD
01 CITY : FALL CITY
STATE/ZIP : WA 98024
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.39000
----------------------------------------------------------------
0 0031681646 MORTGAGORS: BOSHEK ERNEST
BOSHEK CYNTHIA
REGION CODE ADDRESS : 1242 MONTE DR
01 CITY : MILIPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031682172 MORTGAGORS: PIERCE BRIAN
PIERCE ALENA
REGION CODE ADDRESS : 2981 FAHRNER COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031682180 MORTGAGORS: CAISSIE DAVID
CAISSIE CHRISTINE
REGION CODE ADDRESS : 242 RIVULET STREET
01 CITY : UXBRIDGE
STATE/ZIP : MA 01569
MORTGAGE AMOUNT : 89,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 626.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,216,600.00
P & I AMT: 8,288.84
UPB AMT: 1,216,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031682321 MORTGAGORS: NOBAKHT RAMIN
REGION CODE ADDRESS : 29632 AVANTE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,615.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.62222
----------------------------------------------------------------
0 0031682370 MORTGAGORS: DI CECCO MATHIAS
REGION CODE ADDRESS : 678 EAST CARLISLE ROAD
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91631
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,397.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031682404 MORTGAGORS: SCHIFF DOUGLAS
FEN PEI
REGION CODE ADDRESS : 3952 18TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 328,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031682412 MORTGAGORS: ADAMEK JONATHAN
ADAMEK WENDY
REGION CODE ADDRESS : 1801 CORRE CAMINO WAY
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 494,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,947.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,539.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.04000
----------------------------------------------------------------
0 0031682461 MORTGAGORS: KATZ WENDY
REGION CODE ADDRESS : 31699 VIA PUERTA DEL SOL
01 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 403,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,752.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.03800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,866,100.00
P & I AMT: 12,992.45
UPB AMT: 1,864,260.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031682479 MORTGAGORS: SHERIN BEVERLY
REGION CODE ADDRESS : 706 BALDWIN AVENUE
01 CITY : NORFOLK
STATE/ZIP : VA 23517
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,051.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031682495 MORTGAGORS: GERSH JEFFREY
GERSH DANIELLE
REGION CODE ADDRESS : 33121 AGUA DULCE CANYON ROAD
01 CITY : AGUA DULCE
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031682503 MORTGAGORS: YU GANG
SONG XIAOMEI
REGION CODE ADDRESS : 7148 VALBURN DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 534,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 533,603.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,733.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.11100
----------------------------------------------------------------
0 0031682511 MORTGAGORS: KELLY MICHAEL
KELLY GRACE
REGION CODE ADDRESS : 755 SANTIAGO AVE
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031682578 MORTGAGORS: KRIKUNOV KONSTANTIN
KIRKUNOVA YELENA
REGION CODE ADDRESS : 4548 GRIMES PLACE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 323,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,400.00
P & I AMT: 11,771.61
UPB AMT: 1,681,804.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031683105 MORTGAGORS: KERWIN KEVIN
REGION CODE ADDRESS : 1885 RIEBLI ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.68421
----------------------------------------------------------------
0 0031683121 MORTGAGORS: TSUJI PHILLIP
TSUJI RUTH
REGION CODE ADDRESS : 2017 VIA MADONNA
01 CITY : LOMITA
STATE/ZIP : CA 90717
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,980.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031683139 MORTGAGORS: BONNAUD DANIEL
BONNAUD LINDA
REGION CODE ADDRESS : 3434 EAST COPPER KETTLE WAY
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,202.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031683154 MORTGAGORS: SOMMER SCOTT
SOMMER CARRIE
REGION CODE ADDRESS : 3 SILVER EAGLE ROAD
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
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 : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.34100
----------------------------------------------------------------
0 0031683162 MORTGAGORS: RUYLE DAN
RUYLE SUSAN
REGION CODE ADDRESS : 25722 CHRISANTA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,845.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,454.37 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: 1,361,600.00
P & I AMT: 9,550.08
UPB AMT: 1,360,821.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031683212 MORTGAGORS: MC COY BRIAN
MC COY GINA
REGION CODE ADDRESS : 4394 NORTH CANOE BIRCH COURT
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 184,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,672.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,339.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.97400
----------------------------------------------------------------
0 0031683303 MORTGAGORS: GILMAN STUART
FINGAL-GILMAN CHRISTINA
REGION CODE ADDRESS : 3622 SEGO STREET
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 267,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0031683345 MORTGAGORS: FRALICK KENNETH
FRALICK CYNTHIA
REGION CODE ADDRESS : 39597 RODEFFER RD
01 CITY : LOVETTSVILLE
STATE/ZIP : VA 20180
MORTGAGE AMOUNT : 264,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031683386 MORTGAGORS: KUMARASWAMY SUBRAMANIAN
RAJAGOPAL PREETHIKA
REGION CODE ADDRESS : 182 EPINOSA LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031683444 MORTGAGORS: TIRADOR GABRIEL
TIRADOR SANDRA
REGION CODE ADDRESS : 11945 LAMBERT
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,006.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.78200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,100.00
P & I AMT: 10,466.91
UPB AMT: 1,502,972.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031683451 MORTGAGORS: BELL CRAIG
STARK JOIE
REGION CODE ADDRESS : 856 VENEZIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.58500
----------------------------------------------------------------
0 0031683469 MORTGAGORS: COOLEY STEVEN
COOLEY LORI
REGION CODE ADDRESS : 5575 PASEO JOAQUIN
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031683477 MORTGAGORS: KENNELLY PAUL
KENNELLY DENISE
REGION CODE ADDRESS : 3816 JASON CIRCLE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031683485 MORTGAGORS: KEITH DOUGLAS
KEITH JOYCEANN
REGION CODE ADDRESS : 11354 WATERFORD STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.67900
----------------------------------------------------------------
0 0031683543 MORTGAGORS: WALTON WARREN
WALTON KAREN
REGION CODE ADDRESS : 438 STONEMONT DR
01 CITY : WESTON
STATE/ZIP : FL 33326
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.79300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,500.00
P & I AMT: 11,098.04
UPB AMT: 1,590,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031683634 MORTGAGORS: BECK DAVID
BECK DARLA
REGION CODE ADDRESS : 4158 STERLINGVIEW DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031683683 MORTGAGORS: DYE CAROLYN
REGION CODE ADDRESS : 2804 WESTBROOK AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 335,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,347.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.46800
----------------------------------------------------------------
0 0031683709 MORTGAGORS: ARIAN LEE
ARIAN NORA
REGION CODE ADDRESS : 4852 BEN AVENUE
01 CITY : LOS ANGELES (VALLEY VILLA
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 318,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.73100
----------------------------------------------------------------
0 0031683725 MORTGAGORS: FULLER RICHARD
FULLER ANN
REGION CODE ADDRESS : 6051 GREENBRIER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.80100
----------------------------------------------------------------
0 0031683816 MORTGAGORS: BURCHER EUGENE
BURCHER JULIA
REGION CODE ADDRESS : 8914 CROSS CHASE CIRCLE
01 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,016.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.48 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: 1,625,400.00
P & I AMT: 11,285.22
UPB AMT: 1,625,216.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031683857 MORTGAGORS: VIOLA MARK
VIOLA LAURA
REGION CODE ADDRESS : 10345 SOUTH LIONS HEART
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,784.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031683865 MORTGAGORS: FERNANDES RICHARD
FERNANDES JANAN
REGION CODE ADDRESS : 11011 NW 3 STREET
01 CITY : PLANTATION
STATE/ZIP : FL 33324
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.14100
----------------------------------------------------------------
0 0031683881 MORTGAGORS: BRANKER-WADE LINDA
WADE BARRY
REGION CODE ADDRESS : 545 BIRCHAM WAY
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 271,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,488.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031683907 MORTGAGORS: CAVAZZONI MARCO
CAVAZZONI DIANE
REGION CODE ADDRESS : 420 OSGOOD COURT
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.93700
----------------------------------------------------------------
0 0031684525 MORTGAGORS: ULLMAN DAVID
WALSH MARIAN
REGION CODE ADDRESS : 171 RIVER PARK DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 324,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,854.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 33.29200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,300.00
P & I AMT: 9,280.21
UPB AMT: 1,351,935.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031684558 MORTGAGORS: WARYAS EDWARD
WARYAS PAMELA
REGION CODE ADDRESS : 213 JAMES LANDING CIRCLE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 327,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,662.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.55900
----------------------------------------------------------------
0 0031684640 MORTGAGORS: JORSS AILEEN
JORSS PERRY
REGION CODE ADDRESS : 13603 ANCHOR COVE COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 311,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,468.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.35100
----------------------------------------------------------------
0 0031684657 MORTGAGORS: SCHREIBER SCOTT
SCHREIBER EVELYN
REGION CODE ADDRESS : 5833 E INDINA SCHOOL ROAD
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,851.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,552.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031684707 MORTGAGORS: EINHORN ARTHUR
SHARER JULIANNE
REGION CODE ADDRESS : 214 WESTWOOD ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 314,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,881.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.43100
----------------------------------------------------------------
0 0031684715 MORTGAGORS: JARIS WILLIAM
JARIS KATHERINE
REGION CODE ADDRESS : 281 THE PARKWAY
01 CITY : HARRINGTON PARK
STATE/ZIP : NJ 07640
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,752.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.41100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,484,450.00
P & I AMT: 9,937.32
UPB AMT: 1,481,616.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031684749 MORTGAGORS: FROMER GARY
BUB FROMER CAROL
REGION CODE ADDRESS : 1450 DEERFIELD DRIVE
01 CITY : ALLENTOWN
STATE/ZIP : PA 18104
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,591.56 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 : 77.91000
----------------------------------------------------------------
0 0031684772 MORTGAGORS: PALVIK THOMAS
PALVIK KATHY
REGION CODE ADDRESS : 246 AMHERST MEADON
01 CITY : BARTLETT
STATE/ZIP : IL 60103
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,285.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.73100
----------------------------------------------------------------
0 0031685399 MORTGAGORS: NGUYEN TIEN
NGUYEN CHRISTINE
REGION CODE ADDRESS : 311 SOUTH YORKSHIRE CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.87900
----------------------------------------------------------------
0 0031685407 MORTGAGORS: VITTACHI KITSIRI
VITTACHI SHEROMIE
REGION CODE ADDRESS : 3834 CALLE MAZATLAN
01 CITY : NEWBURY PARK
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031685498 MORTGAGORS: PEACOCK DAVID
BOWEN LIDA
REGION CODE ADDRESS : 1075 MANDEVILLA WAY
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,000.00
P & I AMT: 9,828.75
UPB AMT: 1,435,877.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031685514 MORTGAGORS: ROSS SHERYL
REGION CODE ADDRESS : 953 25TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,887.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.02500
----------------------------------------------------------------
0 0031685563 MORTGAGORS: BAKER CHRISTINE
BAKER JON
REGION CODE ADDRESS : 12067 WOODED VISTA LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.93100
----------------------------------------------------------------
0 0031685589 MORTGAGORS: NOLLS STEVEN
LUBETICH-NOLLS LORI
REGION CODE ADDRESS : 27 ROCKINGHORSE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.33500
----------------------------------------------------------------
0 0031685605 MORTGAGORS: DELEON JOAN
REGION CODE ADDRESS : 5813 EAST MUIR DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92660
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 : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031685613 MORTGAGORS: MILCH ROBERT
MILCH SUSAN
REGION CODE ADDRESS : 2318 MASTERS ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
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 : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.95700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,845,000.00
P & I AMT: 12,738.26
UPB AMT: 1,845,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031685639 MORTGAGORS: GROB LESLEY
REGION CODE ADDRESS : 9229 SKYLINE BOULEVARD
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031685654 MORTGAGORS: GERARDO RALPH
GERARDO BERNADETTE
REGION CODE ADDRESS : 3 TURANO
01 CITY : LAGUNA NIGEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031685662 MORTGAGORS: PAJOUGH FARAMARZ
SARAFIAN NASRIN
REGION CODE ADDRESS : 265 SOUTH CLARK DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.67700
----------------------------------------------------------------
0 0031685670 MORTGAGORS: O'NEIL GARY
O'NEIL MARYANN
REGION CODE ADDRESS : 265 CORSAIR WAY
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.88800
----------------------------------------------------------------
0 0031686132 MORTGAGORS: DEL HOYO GEORGE
DEL HOYO DEBORAH
REGION CODE ADDRESS : 14200 CHANDLER BOULEVARD
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,800.00
P & I AMT: 10,023.34
UPB AMT: 1,436,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031686165 MORTGAGORS: HUMPHREY TIMOTHY
FLAHERTY LYNN
REGION CODE ADDRESS : 11671 FOSTER ROAD
01 CITY : LOS ALAMITOS (AREA)
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031686173 MORTGAGORS: DINARI FARID
ESFANDIARI MITRA
REGION CODE ADDRESS : 61 PLAYMOUTH
01 CITY : IRVINE
STATE/ZIP : CA 92620
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031686272 MORTGAGORS: FAIRCHILD PETER
REGION CODE ADDRESS : 6222 GIRVIN DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.67200
----------------------------------------------------------------
0 0031686280 MORTGAGORS: DAVIS MARK
DAVIS SHANNA
REGION CODE ADDRESS : 8024 EL MANOR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.14700
----------------------------------------------------------------
0 0031686298 MORTGAGORS: GULLEDGE CHARLES
GULLEDGE ANGELA
REGION CODE ADDRESS : 584 GRIMSBY LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,000.00
P & I AMT: 11,690.54
UPB AMT: 1,697,787.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031686322 MORTGAGORS: MOCCIA ANTHONY
WARNER MICHELE
REGION CODE ADDRESS : 4901 GAVIOTA AVENUE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031686447 MORTGAGORS: FISHER THEODORE
LARSON JULIE
REGION CODE ADDRESS : 10591 ALBA ROAD
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031686900 MORTGAGORS: SLUPIK RAMONA
REGION CODE ADDRESS : 1826 N. BURLING
01 CITY : CHICAGO
STATE/ZIP : IL 60614
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031686934 MORTGAGORS: JANHUNEN KIIRSTI
HAATANEN TIMO
REGION CODE ADDRESS : 12001 1ST AVENUE NW
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,539.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031686959 MORTGAGORS: GRIMES JAMES
GRIMES MARYANN
REGION CODE ADDRESS : 2590 BETHANY CREEK COURT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,437.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.52800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,343,700.00
P & I AMT: 9,245.21
UPB AMT: 1,342,976.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031686975 MORTGAGORS: KETZEL KEVIN
REGION CODE ADDRESS : 301 W 54TH STREET
01 CITY : KANSAS CITY
STATE/ZIP : MO 64112
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,632.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031686983 MORTGAGORS: HERDMAN ROBERT
HERDMAN DEBORAH
REGION CODE ADDRESS : 450 FAIRWAY DRIVE #755
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.38000
----------------------------------------------------------------
0 0031686991 MORTGAGORS: NGUYEN TUAN
NGO HUYEN
REGION CODE ADDRESS : 61 GRANDWELL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,377.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031687007 MORTGAGORS: ACKERMAN JAMES
ACKERMAN LILIAN
REGION CODE ADDRESS : 2407 MT. VERNON CHURCH ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27614
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,430.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031687072 MORTGAGORS: DEGENESTE-FOULKES MICHELE
REGION CODE ADDRESS : 1041 ELDER COURT
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 122,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,993.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 802.77 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: 1,227,800.00
P & I AMT: 8,435.71
UPB AMT: 1,225,937.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031687098 MORTGAGORS: PECKINS BRIAN
PECKINS SANDRA
REGION CODE ADDRESS : 7815 THORNFIELD COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 263,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,047.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.65000
----------------------------------------------------------------
0 0031687106 MORTGAGORS: JOHNSON KIRK
JOHNSON NANCY
REGION CODE ADDRESS : 6298 RED FOX ESTATES COURT
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 320,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,698.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031687114 MORTGAGORS: SJAARDA RAYMOND
DELAY TERRI
REGION CODE ADDRESS : 40 SPRINGHILL FARM COURT
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 592,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 592,049.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,092.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031687262 MORTGAGORS: SALTER THOMAS
SALTER ANNA
REGION CODE ADDRESS : 6532 WEST 80TH PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031687296 MORTGAGORS: PEREZ JOSEPH
PEREZ ELIZABETH
REGION CODE ADDRESS : 225 CAMINO LA MADERA
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,738,000.00
P & I AMT: 11,840.66
UPB AMT: 1,736,394.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031687320 MORTGAGORS: BUTLER KENNETH
BUTLER KAREN
REGION CODE ADDRESS : 4828 CABRILLO POINT
01 CITY : DISCOVERY BAY
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.11700
----------------------------------------------------------------
0 0031687346 MORTGAGORS: SMITH MARGARET
REGION CODE ADDRESS : 4451 SANTA MONICA AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0031687361 MORTGAGORS: SCHIFF STEVEN
SCHIFF JANET
REGION CODE ADDRESS : 3408 BAYSIDE WALK
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,564.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031687437 MORTGAGORS: FARIA THOMAS
REGION CODE ADDRESS : 3690 MILLPLAIN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031687478 MORTGAGORS: DES PRES TRISTAN
DES PRES CAROLYN
REGION CODE ADDRESS : 2907 LEVANTE STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.97000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,500.00
P & I AMT: 10,108.73
UPB AMT: 1,477,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031687486 MORTGAGORS: HSIA CHORNG
WU SHING
REGION CODE ADDRESS : 18807 BELLEGROVE CIR,
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 34.50000
----------------------------------------------------------------
0 0031687528 MORTGAGORS: DEINES KENT
DEINES CAROL
REGION CODE ADDRESS : 13992 DODDER COURT
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.72700
----------------------------------------------------------------
0 0031687536 MORTGAGORS: RIZOS ALBERT
RIZOS MICHELE
REGION CODE ADDRESS : 1065 WATER VILLE LAKE RD
01 CITY : CHULA VISTA
STATE/ZIP : CA 91915
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031687544 MORTGAGORS: DUNFORD NICHOLAS
REGION CODE ADDRESS : 948 SOUTH 2500 EAST
01 CITY : SPRINGVILLE
STATE/ZIP : UT 84663
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.77500
----------------------------------------------------------------
0 0031687569 MORTGAGORS: SENA PHILLIP
BATTAGLIA CHARLENE
REGION CODE ADDRESS : 455 NEVADA AVENUE
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,750.00
P & I AMT: 10,894.29
UPB AMT: 1,532,750.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031687585 MORTGAGORS: O'LEARY DONALD
O'LEARY KIMBERLY
REGION CODE ADDRESS : 9561 BLACKFIN CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.94100
----------------------------------------------------------------
0 0031687593 MORTGAGORS: ZOURAS TASHI
REGION CODE ADDRESS : 121 20TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.78600
----------------------------------------------------------------
0 0031687601 MORTGAGORS: NELSON STEPHEN
YOSHIDA BRIAN
REGION CODE ADDRESS : 5 ASHMOUNT WAY
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031687619 MORTGAGORS: DIFRANCESCA LESLIE
DIFRANCESCA CHANTAL
REGION CODE ADDRESS : 30817 CATARINA DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
0 0031687643 MORTGAGORS: MARTIN ROBERT
MARTIN SUSAN
REGION CODE ADDRESS : 544 HIGHLAND DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,750.00
P & I AMT: 11,699.46
UPB AMT: 1,682,490.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031687668 MORTGAGORS: FUELLBORN WOLFGANG
FUELLBORN JUDITH
REGION CODE ADDRESS : 1961 WEST MACARTHUR STREET
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
0 0031687684 MORTGAGORS: BEYER DANIEL
BEYER CARMEN
REGION CODE ADDRESS : 119 CLUB TERRACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031687692 MORTGAGORS: BINDER STANLEY
REGION CODE ADDRESS : 20815 JUNIPER AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.70000
----------------------------------------------------------------
0 0031687825 MORTGAGORS: AMIDON KIM
REGION CODE ADDRESS : 11769 CANTON PLACE
01 CITY : (STUDIO CITY AREA) LOS AN
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.93600
----------------------------------------------------------------
0 0031687940 MORTGAGORS: HARRIS SCOTT
HARRIS CONNIE
REGION CODE ADDRESS : 86 ILKA LANE
01 CITY : MCCALL
STATE/ZIP : ID 83638
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,737.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.62200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,800.00
P & I AMT: 12,048.38
UPB AMT: 1,741,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031688039 MORTGAGORS: DESAI SANDEEP
DESAI RAMONA
REGION CODE ADDRESS : 1138 CAMEO DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 381,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,702.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.36400
----------------------------------------------------------------
0 0031688062 MORTGAGORS: DAS RAJAT
DAS MITHU
REGION CODE ADDRESS : 5 MUIRFIELD
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.25500
----------------------------------------------------------------
0 0031688096 MORTGAGORS: GIBSON BRETT
GIBSON MARTA
REGION CODE ADDRESS : 842 ELKRIDGE STREET
01 CITY : BREA
STATE/ZIP : CA 92621
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.73000
----------------------------------------------------------------
0 0031688153 MORTGAGORS: LUNDEN HARRY
LUNDEN LISA
REGION CODE ADDRESS : 1005 EDGEMEER COURT
01 CITY : SOUTH LAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 271,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031688161 MORTGAGORS: SECKAR STEPHEN
SECKAR BRENDA
REGION CODE ADDRESS : 730 TRAIL ROCK COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.17900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,700.00
P & I AMT: 10,146.39
UPB AMT: 1,467,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031688179 MORTGAGORS: SWEET RICHARD
SWEET KAREN
REGION CODE ADDRESS : 1171 BRUCKNER CIRCLE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.40000
----------------------------------------------------------------
0 0031688211 MORTGAGORS: BRUMM JAMES
BRUMM MARGARET
REGION CODE ADDRESS : 21862 TUMBLEWEED CIRCLE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031688245 MORTGAGORS: MOLNAR FREDRICK
CHOY-MOLNAR MICHELLE
REGION CODE ADDRESS : 36 SANTA CLARA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0031688252 MORTGAGORS: TEICHMANN THOMAS
TEICHMANN HELOISE
REGION CODE ADDRESS : 18792 GREGORY LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
0 0031688260 MORTGAGORS: BINETTE HERVE
BINETTE ANNETTE
REGION CODE ADDRESS : 12822 PERIWINKLE DR
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,138.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.75700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,787,700.00
P & I AMT: 12,378.09
UPB AMT: 1,787,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031688310 MORTGAGORS: RODRIGUEZ RICHARD
RIOS SUSAN
REGION CODE ADDRESS : 2650 SURREY DRIVE
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 269,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,592.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.25316
----------------------------------------------------------------
0 0031688328 MORTGAGORS: BAUER GEORGE
BAUER JANE
REGION CODE ADDRESS : 4220 DRIFTWOOD PLACE
01 CITY : DISCOVERY BAY
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031688344 MORTGAGORS: GROSSMAN JASON
REGION CODE ADDRESS : 5061 PETALUMA HILL ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.39100
----------------------------------------------------------------
0 0031688351 MORTGAGORS: HULTBERG MIKE
HULTBERG JOAN
REGION CODE ADDRESS : 1599 WATERTROUGH ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.49400
----------------------------------------------------------------
0 0031688419 MORTGAGORS: DUFFY MICHAEL
DUFFY PATRICIA
REGION CODE ADDRESS : 171 H LANE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.24400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,400.00
P & I AMT: 11,296.21
UPB AMT: 1,616,592.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031688435 MORTGAGORS: MINDERLER KATHLEEN
REGION CODE ADDRESS : 994 ROSA COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,794.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.94800
----------------------------------------------------------------
0 0031688450 MORTGAGORS: TSAY CHEN-HUI
LI MEI-CHUNG
REGION CODE ADDRESS : 3821 THOMPSON CREEK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0031688526 MORTGAGORS: KAO VICTOR
KAO DEBBIE
REGION CODE ADDRESS : 58 LEGACY WAY
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 314,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.62500
----------------------------------------------------------------
0 0031689318 MORTGAGORS: KANAMARU NAOKI
REGION CODE ADDRESS : 5451 SHARON LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 341,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,330.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031689326 MORTGAGORS: MARTINEZ THOMAS
MARTINEZ CAROL
REGION CODE ADDRESS : 1140 KOTENBERG AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.17600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,100.00
P & I AMT: 11,937.33
UPB AMT: 1,732,894.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031689334 MORTGAGORS: SHARMA ANIL
SHARMA VIBHA
REGION CODE ADDRESS : 8954 CANARY AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031689342 MORTGAGORS: METSPAKYAN SARKIS
METSPAKYAN VARTOUHI
REGION CODE ADDRESS : 18520 ENTRADA COURT
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.96400
----------------------------------------------------------------
0 0031689516 MORTGAGORS: ELIASON RANDALL
KISER CHERIE
REGION CODE ADDRESS : 1603 WALDEN DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 487,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,798.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,244.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031689557 MORTGAGORS: ST DENNIS STEPHEN
ST DENNIS DAWN
REGION CODE ADDRESS : 8295 ROBIN MARIE PLACE
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 223,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,980.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031689565 MORTGAGORS: CARROLL JOHN
CARROLL ANNE
REGION CODE ADDRESS : 3054 LINDSEY COURT
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,294.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,050.00
P & I AMT: 10,156.06
UPB AMT: 1,496,872.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031689631 MORTGAGORS: WILDING MARK
WILDING DARCY
REGION CODE ADDRESS : 5326 DONNA AVENUE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,702.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031689813 MORTGAGORS: SVEC FRANTISEK
SVECOVA HANA
REGION CODE ADDRESS : 1 DOW COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,218.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98577
----------------------------------------------------------------
0 0031689912 MORTGAGORS: FOX LINSTER
FOX LESLIE
REGION CODE ADDRESS : 11632 CANDY ROSE WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 330,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,491.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97959
----------------------------------------------------------------
0 0031689938 MORTGAGORS: KRAJNIAK MARK
KRAJINIAK MARY
REGION CODE ADDRESS : 5800 BUCKHORN LAKE RD
01 CITY : HIGHLAND
STATE/ZIP : MI 48357
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,455.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.31900
----------------------------------------------------------------
0 0031689979 MORTGAGORS: LAETHEM JOSEPH
PROCTOR LAETHEM MARY
REGION CODE ADDRESS : 3590 ROLAND
01 CITY : BLOOMFEILD HILLS
STATE/ZIP : MI 48301
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,223.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.31 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: 1,862,650.00
P & I AMT: 12,966.43
UPB AMT: 1,861,389.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031690175 MORTGAGORS: SHELDON JEFFREY
REGION CODE ADDRESS : 10429 SIOUX RIVER CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031690217 MORTGAGORS: HADDAWY MARK
REGION CODE ADDRESS : 1389 GRIZZLY PEAK BLVD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 77.34500
----------------------------------------------------------------
0 0031690290 MORTGAGORS: MALLOY THOMAS
MALLOY GERALDINE
REGION CODE ADDRESS : 15760 EL GATO LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,343.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031690324 MORTGAGORS: NOAH JONATHAN
REGION CODE ADDRESS : 1523 1/4 NORTH DOHENY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,740.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 62.94100
----------------------------------------------------------------
0 0031690365 MORTGAGORS: ATMADJIAN ARTO
REGION CODE ADDRESS : 312 SOUTH EL CAMINO DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 616,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 615,048.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,205.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,040,700.00
P & I AMT: 13,965.73
UPB AMT: 2,038,592.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031690423 MORTGAGORS: BARRETT JAMES
KOVACEVICH-BARRETT SUZANNE
REGION CODE ADDRESS : 7073 WILDERNESS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 365,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.61700
----------------------------------------------------------------
0 0031690985 MORTGAGORS: DANIELS DAVID
DANIELS LINDA
REGION CODE ADDRESS : 1009 STEAMBOAT VALLEY ROAD
01 CITY : LYONS
STATE/ZIP : CO 80540
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,760.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031691066 MORTGAGORS: HART JUDY
REGION CODE ADDRESS : 15520 LEONARD
01 CITY : SPRING LAKE
STATE/ZIP : MI 49456
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 : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031691595 MORTGAGORS: BROWN JEFFREY
BROWN ALENE
REGION CODE ADDRESS : 5 CECELIA LANE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.00000
----------------------------------------------------------------
0 0031691603 MORTGAGORS: CONKLIN ROBERT
JUNG KELLY
REGION CODE ADDRESS : 8116 EAST CARNATION WAY
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.22500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,250.00
P & I AMT: 11,096.36
UPB AMT: 1,597,489.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031691645 MORTGAGORS: EBRAHIMZADEH JAMSHID
ALIZADEH FUROOGH
REGION CODE ADDRESS : 48 CEDAR TREE LANE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031691686 MORTGAGORS: RAMANAN SUKUMAR
RAMANAN CHITRA
REGION CODE ADDRESS : 26 PHILLIPSBURG
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031692817 MORTGAGORS: SHEIN DAN
ROSENBERG BETH
REGION CODE ADDRESS : 320 WEST MCLELLAN BOULEVARD
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.75000
----------------------------------------------------------------
0 0031692841 MORTGAGORS: LEUNG FRANCIS
NG YIM HOR
REGION CODE ADDRESS : 19218 VINEYARD LANE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.59800
----------------------------------------------------------------
0 0031693104 MORTGAGORS: MAUCH GEOFFREY
MAUCH SUSAN
REGION CODE ADDRESS : 272 MONTEGO KEY BLVD
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,200.00
P & I AMT: 9,844.06
UPB AMT: 1,423,200.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031693112 MORTGAGORS: SUESS STEVEN
SUESS MARTHA
REGION CODE ADDRESS : 2980 REA COURT
01 CITY : AROMAS
STATE/ZIP : CA 95004
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
0 0031693161 MORTGAGORS: RAMIREZ RONOEL
RAMIREZ MICHELLE
REGION CODE ADDRESS : 32687 RED MAPLE STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 303,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,712.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98684
----------------------------------------------------------------
0 0031693179 MORTGAGORS: LOZANO ENRIQUE
REGION CODE ADDRESS : 751 1ST AVENUE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 141,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 141,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,039.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031693237 MORTGAGORS: BESSER RONALD
BESSER CHERYL
REGION CODE ADDRESS : 1486 SASKATCHEWAN DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
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 : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0031693385 MORTGAGORS: STEVENSON JOHN
STEVENSON LAURA
REGION CODE ADDRESS : 6591 PARK VALLEY DRIVE
01 CITY : CLARKSTON
STATE/ZIP : MI 48348
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,398.05 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 : 79.08500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,227,350.00
P & I AMT: 8,432.82
UPB AMT: 1,226,710.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031693401 MORTGAGORS: KAZANJIAN PAUL
TURNER DONNA
REGION CODE ADDRESS : 4595 LOCH ALPINE DR WEST
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
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 : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031693419 MORTGAGORS: ADKINS MICHAEL
ADKINS NICOLE
REGION CODE ADDRESS : 28445 CHATHAM
01 CITY : GROSSE ILE
STATE/ZIP : MI 48138
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.58500
----------------------------------------------------------------
0 0031693476 MORTGAGORS: D'ANNUNZIO DAVID
D'ANNUNZIO LAURA
REGION CODE ADDRESS : 949 CHESTERFIELD AVE.
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 499,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,117.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.51600
----------------------------------------------------------------
0 0031693484 MORTGAGORS: RANSOM ROBERT
RANSOM LYNN
REGION CODE ADDRESS : 6477 MCKINLEY RD
01 CITY : FLUSHING
STATE/ZIP : MI 48433
MORTGAGE AMOUNT : 386,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,674.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031694144 MORTGAGORS: COMEAU JOHN
REGION CODE ADDRESS : 26701 CACERES CIRCLE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,654,150.00
P & I AMT: 11,440.00
UPB AMT: 1,652,206.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070083316 MORTGAGORS: PRICE ROBERTA
COLLINS COLEEN
REGION CODE ADDRESS : 2576 HOLLY MANOR DRIVE
01 CITY : FALLS CHURC
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.56410
----------------------------------------------------------------
0 0070102025 MORTGAGORS: ERICKSON RICHARD
ERICKSON DIANNE
REGION CODE ADDRESS : 1580 HERON LANE
01 CITY : MOUND
STATE/ZIP : MN 55364
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.73846
----------------------------------------------------------------
0 0070104534 MORTGAGORS: HOLLCRAFT RICHARD
WILLIS HOLLC KAREN
REGION CODE ADDRESS : 1311 CHELTEN WAY
01 CITY : SOUTH PASAD
STATE/ZIP : CA 91030
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 : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.19512
----------------------------------------------------------------
0 0070108667 MORTGAGORS: PASSMAN SHAWN
PASSMAN MARION
REGION CODE ADDRESS : 2387 MAGNOLIA WAY
01 CITY : JAMISON
STATE/ZIP : PA 18929
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070113493 MORTGAGORS: GOLDBECK ROBERT
GOLDBECK JENNIFER
REGION CODE ADDRESS : 303 WOODROW AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.85714
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,600.00
P & I AMT: 9,620.39
UPB AMT: 1,398,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070118419 MORTGAGORS: MARRIOTT GRAHAM
MARRIOTT DEBORAH
REGION CODE ADDRESS : 3473 PRIMERA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.88608
----------------------------------------------------------------
0 0070119649 MORTGAGORS: SCHNEID STEVEN
SCHNEID NITHINEE
REGION CODE ADDRESS : 10930 BELLS RIDGE DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070160478 MORTGAGORS: DUNPHY JEANNE
REGION CODE ADDRESS : 3210 DRURY LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 331,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,347.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.90000
----------------------------------------------------------------
0 0070178454 MORTGAGORS: TRAN ANDY
TRAN TAMMY
REGION CODE ADDRESS : 773 HAMILTON AVENUE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.92537
----------------------------------------------------------------
0 0070191697 MORTGAGORS: MCCUTCHAN CHARLES
MCCUTCHAN COLLENN
REGION CODE ADDRESS : 5136 EAST KINGSGROVE DRIVE
01 CITY : SOMIS
STATE/ZIP : CA 93066
MORTGAGE AMOUNT : 422,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,917.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.11765
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,621,000.00
P & I AMT: 11,233.81
UPB AMT: 1,621,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070193545 MORTGAGORS: LAWENDA JAMES
LAWENDA KATHY
REGION CODE ADDRESS : 35 COUNTRY LANE
01 CITY : BASKING RID
STATE/ZIP : NJ 07920
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 : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.08511
----------------------------------------------------------------
0 0070197371 MORTGAGORS: YIM STEVEN
HORII YIM RISE'
REGION CODE ADDRESS : 1072 SOUTH LAUGHINGBROOK
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,208.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.62745
----------------------------------------------------------------
0 0070201702 MORTGAGORS: SAKAI KEN
SAKAI LOREE
REGION CODE ADDRESS : 4215 SW 54TH PLACE
01 CITY : Portland
STATE/ZIP : OR 97221
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.02000
----------------------------------------------------------------
0 0070203260 MORTGAGORS: CHRYSLER DANIEL
CHRYSLER JEAN
REGION CODE ADDRESS : 4769 137TH CIRCLE WEST
01 CITY : APPLE VALLE
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070205224 MORTGAGORS: SKELTON STEVEN
SKELTON KATHRYN
REGION CODE ADDRESS : 9251 9TH STREET NORTH
01 CITY : LAKE ELMO
STATE/ZIP : MN 55042
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,000.00
P & I AMT: 9,601.87
UPB AMT: 1,386,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070213756 MORTGAGORS: BOOTHBY COLLEEN
NORVELL GARY
REGION CODE ADDRESS : 7219 HOLLY AVENUE
01 CITY : TAKOMA PARK
STATE/ZIP : MD 20912
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.71264
----------------------------------------------------------------
0 0070215900 MORTGAGORS: DUPLACK CURTIS
DUPLACK DONNA
REGION CODE ADDRESS : 1075 LIGHTHOUSE ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.30159
----------------------------------------------------------------
0 0070218748 MORTGAGORS: DAVIES RONALD
DAVIES MARY
REGION CODE ADDRESS : 2252 GUNAR DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 323,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.74468
----------------------------------------------------------------
0 0070242458 MORTGAGORS: SCHEER ANDREW
SCHEER CYNTHIA
REGION CODE ADDRESS : 27337 EAGLEHELM DRIVE
01 CITY : SANTA CLARI
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.40000
----------------------------------------------------------------
0 0070251632 MORTGAGORS: ANIK PAUL
ANIK BARBARA
REGION CODE ADDRESS : 4211 PICKNEY DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 305,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.42500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,450.00
P & I AMT: 9,852.25
UPB AMT: 1,460,450.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070258058 MORTGAGORS: SANCHEZ ANDREW
SANCHEZ PATRICIA
REGION CODE ADDRESS : 40 RUSTIC WAY
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.18182
----------------------------------------------------------------
0 0070259213 MORTGAGORS: GONZALEZ RODOLFO
GONZALEZ TINA
REGION CODE ADDRESS : 9938 RAVARI DRIVE
01 CITY : Cypress
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.38000
----------------------------------------------------------------
0 0070261821 MORTGAGORS: ROSEN LEWIS
ROSEN BELINDA
REGION CODE ADDRESS : 1052 HIGH STREET
01 CITY : Palo Alto
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,105.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 37.19000
----------------------------------------------------------------
0 0070268685 MORTGAGORS: RUOTOLO KENNETH
RUOTOLO GINA
REGION CODE ADDRESS : 1674 Stanmore Drive
01 CITY : Pleasant Hill
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 327,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0070270640 MORTGAGORS: ESTEBAN STEVE
ESTEBAN THELMA
REGION CODE ADDRESS : 30875 RIVERA PLACE
01 CITY : Laguna Niguel
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.13000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,800.00
P & I AMT: 10,645.65
UPB AMT: 1,546,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070271036 MORTGAGORS: CONKLIN DOUGLAS
CONKLIN LINDA
REGION CODE ADDRESS : 14944 ANILLO WAY
01 CITY : Rancho Murieta
STATE/ZIP : CA 95683
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070272133 MORTGAGORS: ANDREWS SUSAN
REGION CODE ADDRESS : 8 ELLEN ROSE COURT
01 CITY : Sacramento
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.46000
----------------------------------------------------------------
0 0070278353 MORTGAGORS: KOMIN KEVIN
KOMIN BRENDA
REGION CODE ADDRESS : 8322 E QUIET CANYON COURT
01 CITY : Anaheim HILLS
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 252,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98000
----------------------------------------------------------------
0 0070278734 MORTGAGORS: FRACCHIA ANDREW
FRACCHIA GILDA
REGION CODE ADDRESS : 1092 DUNFORD WAY
01 CITY : Sunnyvale
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.29000
----------------------------------------------------------------
0 0070280342 MORTGAGORS: HEWITT JON
HEWITT ANN
REGION CODE ADDRESS : 961 EICHLER DRIVE
01 CITY : Mountain View
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 321,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.41000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,850.00
P & I AMT: 10,077.16
UPB AMT: 1,469,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070281746 MORTGAGORS: STILL GREGORY
STILL SHERYL
REGION CODE ADDRESS : 22365 SW 102ND PLACE
01 CITY : Tualatin
STATE/ZIP : OR 97062
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.19000
----------------------------------------------------------------
0 0070284005 MORTGAGORS: FLEURY DENISE
DIBELLO RICHARD
REGION CODE ADDRESS : 303 AVENIDA SALVADOR
01 CITY : San Clemente
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070284559 MORTGAGORS: STEPIEN MATTHEW
REGION CODE ADDRESS : 26521 GRANVIA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0070284567 MORTGAGORS: RIOTOC JORGE
RIOTOC ANNE
REGION CODE ADDRESS : 2280 CAMINO BRAZOS
01 CITY : Pleasanton
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070286521 MORTGAGORS: PLANTE BARBARA
REGION CODE ADDRESS : 3207 BRIDLE DRIVE
01 CITY : Hayward
STATE/ZIP : CA 94541
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.73000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,500.00
P & I AMT: 9,979.88
UPB AMT: 1,444,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070286943 MORTGAGORS: BOULE DAVID
GIMBRONE MARCIA
REGION CODE ADDRESS : 22917 FONTHILL AVE.
01 CITY : Torrance
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 269,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.99000
----------------------------------------------------------------
0 0070287479 MORTGAGORS: MANNING ARTHUR
MANNING MARLENE
REGION CODE ADDRESS : 603 CALLE DEL CERRITO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070287917 MORTGAGORS: PROWSE CHRISTOPHER
PROWSE YVONNE
REGION CODE ADDRESS : 2065 BALBOA AVENUE
01 CITY : Del Mar
STATE/ZIP : CA 92014
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 : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.17000
----------------------------------------------------------------
0 0070290952 MORTGAGORS: SOKAT THOMAS
SOKAT SUSAN
REGION CODE ADDRESS : 1019 Hill Meadow Place
01 CITY : Danville
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.46000
----------------------------------------------------------------
0 0070291224 MORTGAGORS: VERNOT JONATHAN
VERNOT AGNES
REGION CODE ADDRESS : 35826 HIBISCUS COURT
01 CITY : Fremont
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 318,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,850.00
P & I AMT: 11,083.76
UPB AMT: 1,626,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070293832 MORTGAGORS: LATHRUM LARRY
REGION CODE ADDRESS : 10895 OSTERMAN AVENUE
01 CITY : Tustin
STATE/ZIP : CA 92680
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0070294244 MORTGAGORS: MARKUSKI VICTOR
MARKUSKI LINDA
REGION CODE ADDRESS : 2421 FOX CREEK LANE
01 CITY : Davidsonville
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,376.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.33000
----------------------------------------------------------------
0 0070295175 MORTGAGORS: LOON JIMMY
CHENG LOON NANCY
REGION CODE ADDRESS : 23553 SPIRES STREET
01 CITY : West Hills
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070298153 MORTGAGORS: BAUER THOMAS
BAUER DONA
REGION CODE ADDRESS : 2200 MARSHALLFIELD LANE
01 CITY : Redondo Beach
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.87000
----------------------------------------------------------------
0 0070299748 MORTGAGORS: RIEGLE K.
REGION CODE ADDRESS : 21912 DREXEL WAY
01 CITY : Lake Forest
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,900.00
P & I AMT: 11,488.52
UPB AMT: 1,684,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 07/01/98
P.O. BOX 5260 TMS AG000498123D 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070304332 MORTGAGORS: BARTH WILLIAM
REGION CODE ADDRESS : 26196 BUSCADOR
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070306949 MORTGAGORS: EMDAD ALI
EMDAD KATHLEEN
REGION CODE ADDRESS : 3704 MEADOW HILL CT
01 CITY : Phoenix
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070317946 MORTGAGORS: WARTENBERG PAUL
WARTENBERG STACEY
REGION CODE ADDRESS : 30 HARVESTON
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 3
LOAN AMT: 882,400.00
P & I AMT: 6,113.30
UPB AMT: 882,400.00
0 TOTAL NUM OF LOANS: 643
LOAN AMT: 201,463,096.00
P & I AMT: 1,392,057.45
UPB AMT: 201,364,346.26
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-12
Pursuant to the Pooling and Servicing Agreement dated
as of July 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 Pool 4
(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
mortgage insurers)
for prior month: Pool 1 Pool 2 Pool 3 Pool 4
(a) Principal $__________ $__________ $__________ $__________
(b) Interest $__________ $__________ $__________ $__________
(c) Total $__________ $__________ $__________ $__________
(6) Aggregate Liquidation
Proceeds for prior
month:
(a) Principal $__________ $__________ $__________ $__________
(b) Interest $__________ $__________ $__________ $__________
(c) Total $__________ $__________ $__________ $__________
(7) Aggregate Purchase
Prices for Defaulted
and Modified
Mortgage Loans:
(a) Principal $__________ $__________ $__________ $__________
(b) Interest $__________ $__________ $__________ $__________
(c) Total $__________ $__________ $__________ $__________
(8) Aggregate Purchase
Prices (and
substitution
adjustments) for
Defective
Mortgage Loans:
(a) Principal $__________ $__________ $__________ $__________
(b) Interest $__________ $__________ $__________ $__________
(c) Total $__________ $__________ $__________ $__________
(9) Pool Scheduled
Principal Balance $__________ $__________ $__________ $__________
(10) Available Funds: $__________ $__________ $__________ $__________
(11) Realized Losses
for prior month: $__________ $__________ $__________ $__________
(12) Aggregate Realized
Losses and Debt
Service Reductions:
(a) Deficient
Valuations $__________ $__________ $__________ $__________
(b) Special Hazard $__________ $__________ $__________ $__________
(c) Fraud Losses $__________ $__________ $__________ $__________
(d) Excess
Bankruptcy
Losses $__________ $__________ $__________ $__________
(e) Excess Special
Hazard Losses $__________ $__________ $__________ $__________
(f) Excess Fraud
Losses $__________ $__________ $__________ $__________
(g) Debt Service
Reductions $__________ $__________ $__________ $__________
(13) Compensating
Interest Payment: $__________ $__________ $__________ $__________
D-2
<PAGE>
(14) Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class 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-M $__________ $__________ ____%
Class 1-B1 $__________ $__________ ____%
Class 1-B2 $__________ $__________ ____%
Class 1-B3 $__________ $__________ ____%
Class 1-B4 $__________ $__________ ____%
Class 1-B5 $__________ $__________ ____%
Class 1-R $__________ $__________ ____%
Class 1-RL $__________ $__________ ____%
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-M $__________ $__________ ____%
Class 2-B1 $__________ $__________ ____%
Class 2-B2 $__________ $__________ ____%
Class 2-B3 $__________ $__________ ____%
Class 2-B4 $__________ $__________ ____%
Class 2-B5 $__________ $__________ ____%
Class 2-R $__________ $__________ ____%
Class 2-RL $__________ $__________ ____%
D-3
<PAGE>
Class 3-A1 $__________ $__________ ____%
Class 3-A2 $__________ $__________ ____%
Class 3-A3 $__________ $__________ ____%
Class 3-A4 $__________ $__________ ____%
Class 3-M $__________ $__________ ____%
Class 3-B1 $__________ $__________ ____%
Class 3-B2 $__________ $__________ ____%
Class 3-B3 $__________ $__________ ____%
Class 3-B4 $__________ $__________ ____%
Class 3-B5 $__________ $__________ ____%
Class 3-R $__________ $__________ ____%
Class 4-A1 $__________ $__________ ____%
Class 4-A2 $__________ $__________ ____%
Class 4-A3 $__________ $__________ ____%
Class 4-A4 $__________ $__________ ____%
Class 4-A5 $__________ $__________ ____%
Class 4-A6 $__________ $__________ ____%
Class 4-A7 $__________ $__________ ____%
Class 4-A8 $__________ $__________ ____%
Class 4-A9 $__________ $__________ ____%
Class 4-A10 $__________ $__________ ____%
Class 4-A11 $__________ $__________ ____%
Class 4-A12 $__________ $__________ ____%
Class 4-A13 $__________ $__________ ____%
Class 4-M $__________ $__________ ____%
Class 4-B1 $__________ $__________ ____%
Class 4-B2 $__________ $__________ ____%
Class 4-B3 $__________ $__________ ____%
Class 4-B4 $__________ $__________ ____%
Class 4-B5 $__________ $__________ ____%
Class 4-R $__________ $__________ ____%
(15) Principal distributable:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
D-4
<PAGE>
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
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 1-RL $__________
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-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-A1 $__________
Class 3-A2 $__________
Class 3-A3 $__________
Class 3-A4 $__________
Class 3-PO $__________
Class 3-M $__________
Class 3-B1 $__________
Class 3-B2 $__________
Class 3-B3 $__________
Class 3-B4 $__________
Class 3-B5 $__________
Class 3-R $__________
Class 4-A1 $__________
D-5
<PAGE>
Class 4-A2 $__________
Class 4-A3 $__________
Class 4-A4 $__________
Class 4-A5 $__________
Class 4-A6 $__________
Class 4-A7 $__________
Class 4-A8 $__________
Class 4-A9 $__________
Class 4-A10 $__________
Class 4-A11 $__________
Class 4-A12 $__________
Class 4-A13 $__________
Class 4-PO $__________
Class 4-M $__________
Class 4-B1 $__________
Class 4-B2 $__________
Class 4-B3 $__________
Class 4-B4 $__________
Class 4-B5 $__________
Class 4-R $__________
(16) Additional distributions to the Residual Certificates
pursuant to Section 4.01(c) or Section 2.05(a)(iii):
Class 1-R $__________
Class 1-RL $__________
Class 2-R $__________
Class 2-RL $__________
Class 3-R $__________
Class 4-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 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
D-4
<PAGE>
Class 1-A13 $__________
Class 1-A14 $__________
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 1-RL $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
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-A1 $__________
Class 3-A2 $__________
Class 3-A3 $__________
Class 3-A4 $__________
Class 3-M $__________
Class 3-B1 $__________
Class 3-B2 $__________
Class 3-B3 $__________
Class 3-B4 $__________
Class 3-B5 $__________
Class 3-R $__________
Class 4-A1 $__________
Class 4-A2 $__________
Class 4-A3 $__________
D-7
<PAGE>
Class 4-A4 $__________
Class 4-A5 $__________
Class 4-A6 $__________
Class 4-A7 $__________
Class 4-A8 $__________
Class 4-A9 $__________
Class 4-A10 $__________
Class 4-A11 $__________
Class 4-A12 $__________
Class 4-A13 $__________
Class 4-PO $__________
Class 4-M $__________
Class 4-B1 $__________
Class 4-B2 $__________
Class 4-B3 $__________
Class 4-B4 $__________
Class 4-B5 $__________
Class 4-R $__________
B. Other Amounts:
1. Senior Percentage for
such Distribution Date:
Pool 1 ____%
Pool 2 ____%
Pool 3 ____%
Pool 4 ____%
2. Senior Prepayment
Percentage for such
Distribution Date:
Pool 1 ____%
Pool 2 ____%
Pool 3 ____%
Pool 4 ____%
3. Class 2-A9 Prepayment
Distribution Percentage
for such Distribution
Date: ____%
4. Class 2-A9 Scheduled
Distribution Percentage
for such Distribution
Date: ____%
5. Class 2-A9 Percentage
for such Distribution
Date: ____%
6. Class 3-A3 Prepayment
Distribution Percentage
for such Distribution
Date: ____%
D-8
<PAGE>
7. Class 3-A3 Percentage
for such Distribution
Date: ____%
8. Class 4-A4 Distribution
Percentage for such
Distribution Date: ____%
9. Class 4-A4 Percentage
for such Distribution
Date ____%
10. Junior Percentage for
such Distribution Date:
Pool 1 ____%
Pool 2 ____%
Pool 3 ____%
Pool 4 ____%
11. Junior Prepayment
Percentage for such
Distribution Date:
Pool 1 ____%
Pool 2 ____%
Pool 3 ____%
Pool 4 ____%
12. Subordinate Certificate
Writedown Amount for
such Distribution Date:
Pool 1 ____%
Pool 2 ____%
Pool 3 ____%
Pool 4 ____%
13. 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 ___ ___
Class 4-B1 ___ ___
Class 4-B2 ___ ___
Class 4-B3 ___ ___
Class 4-B4 ___ ___
Class 4-B5 ___ ___
14. Base Servicing Fee:
Pool 1 ____%
Pool 2 ____%
Pool 3 ____%
Pool 4 ____%
15. Supplemental Servicing Fee:
Pool 1 ____%
Pool 2 ____%
Pool 3 ____%
Pool 4 ____%
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
D-10
<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 July 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
E-1
<PAGE>
effect that the purchase and holding of any such Certificate by a
Plan or a Person that is purchasing or holding any such
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
____________________________
[name of Investor]
By:_________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
____________________________
[name of nominee]
By:_________________________
Name:
Title:
E-2
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] ______________
of [name of Purchaser] _________________________________________
(the "Purchaser"), a _______________________ [description of type
of entity] duly organized and existing under the laws of the
[State of __________] [United States], on behalf of which he
[she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification Number
is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class 1-R, Class 1-RL, Class 2-R, Class 2- RL, Class 3-R or
Class 4-R Certificate" of GE Capital Mortgage Services, Inc.'s
REMIC Multi-Class Pass-Through Certificates, Series 1998-12.
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
F-1
<PAGE>
Company, as Trustee, and GE Capital Mortgage Services, Inc. dated
as of July 1, 1998, no transfer of the Residual Certificates
shall be permitted to be made to any person unless the Trustee
has received a certificate from such transferee to the effect
that such transferee is not an employee benefit plan subject to
ERISA or a plan subject to Section 4975 of the Code and is not
using the assets of any employee benefit plan or other plan to
acquire Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
F-2
<PAGE>
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Upper Tier REMIC in respect of Pool 1 and the Lower Tier REMIC in
the case of Pool 1, in the case of the Class 1-R and Class 1-RL
Certificates, the Upper Tier REMIC in respect of Pool 2 and Lower
Tier REMIC in respect of Pool 2, in the case of the Class 2-R or
Class 2-RL Certificates, the Pool 3 Trust Fund, in the case of
the Class 3-R Certificates, or the Pool 4 Trust Fund, in the case
of the Class 4-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 1998-12
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 1998-12
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 July 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.
I-1
<PAGE>
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of ___________________________ as nominee for the Investor.]
I-2
<PAGE>
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] _____________ this _____
day of __________, 19__.
_______________________________
[name of Investor]
By:____________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
I-3
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
_________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-12
Pursuant to the Pooling and Servicing Agreement dated
as of July 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution allocable to principal:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
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 1-RL $__________
J-1
<PAGE>
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
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-A1 $__________
Class 3-A2 $__________
Class 3-A3 $__________
Class 3-A4 $__________
Class 3-PO $__________
Class 3-M $__________
Class 3-B1 $__________
Class 3-B2 $__________
Class 3-B3 $__________
Class 3-B4 $__________
Class 3-B5 $__________
Class 3-R $__________
Class 4-A1 $__________
Class 4-A2 $__________
Class 4-A3 $__________
Class 4-A4 $__________
Class 4-A5 $__________
Class 4-A6 $__________
Class 4-A7 $__________
Class 4-A8 $__________
Class 4-A9 $__________
Class 4-A10 $__________
Class 4-A11 $__________
Class 4-A12 $__________
Class 4-A13 $__________
J-2
<PAGE>
Class 4-PO $__________
Class 4-M $__________
Class 4-B1 $__________
Class 4-B2 $__________
Class 4-B3 $__________
Class 4-B4 $__________
Class 4-B5 $__________
Class 4-R $__________
(2) Aggregate principal prepayments included
in distribution:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
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 1-RL $__________
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-M $__________
J-3
<PAGE>
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class 2-R $__________
Class 2-RL $__________
Class 3-A1 $__________
Class 3-A2 $__________
Class 3-A3 $__________
Class 3-A4 $__________
Class 3-PO $__________
Class 3-M $__________
Class 3-B1 $__________
Class 3-B2 $__________
Class 3-B3 $__________
Class 3-B4 $__________
Class 3-B5 $__________
Class 3-R $__________
Class 4-A1 $__________
Class 4-A2 $__________
Class 4-A3 $__________
Class 4-A4 $__________
Class 4-A5 $__________
Class 4-A6 $__________
Class 4-A7 $__________
Class 4-A8 $__________
Class 4-A9 $__________
Class 4-A10 $__________
Class 4-A12 $__________
Class 4-A13 $__________
Class 4-M $__________
Class 4-B1 $__________
Class 4-B2 $__________
Class 4-B3 $__________
Class 4-B4 $__________
Class 4-B5 $__________
Class 4-R $__________
(3) Amount of distribution allocable to interest;
Pay-out Rate:
Class 1-A1 $__________ ____%
J-4
<PAGE>
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-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 1-R $__________ ____%
Class 1-RL $__________ ____%
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-M $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class 2-R $__________ ____%
Class 2-RL $__________ ____%
Class 3-A1 $__________ ____%
Class 3-A2 $__________ ____%
Class 3-A3 $__________ ____%
Class 3-A4 $__________ ____%
Class 3-M $__________ ____%
Class 3-B1 $__________ ____%
J-5
<PAGE>
Class 3-B2 $__________ ____%
Class 3-B3 $__________ ____%
Class 3-B4 $__________ ____%
Class 3-B5 $__________ ____%
Class 3-R $__________ ____%
Class 4-A1 $__________ ____%
Class 4-A2 $__________ ____%
Class 4-A3 $__________ ____%
Class 4-A4 $__________ ____%
Class 4-A5 $__________ ____%
Class 4-A6 $__________ ____%
Class 4-A7 $__________ ____%
Class 4-A8 $__________ ____%
Class 4-A9 $__________ ____%
Class 4-A10 $__________ ____%
Class 4-A11 $__________ ____%
Class 4-A12 $__________ ____%
Class 4-A13 $__________ ____%
Class 4-M $__________ ____%
Class 4-B1 $__________ ____%
Class 4-B2 $__________ ____%
Class 4-B3 $__________ ____%
Class 4-B4 $__________ ____%
Class 4-B5 $__________ ____%
Class 4-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-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
J-6
<PAGE>
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 1-R $__________ ____%
Class 1-RL $__________ ____%
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-M $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class 2-R $__________ ____%
Class 2-RL $__________ ____%
Class 3-A1 $__________ ____%
Class 3-A2 $__________ ____%
Class 3-A3 $__________ ____%
Class 3-A4 $__________ ____%
Class 3-M $__________ ____%
Class 3-B1 $__________ ____%
Class 3-B2 $__________ ____%
Class 3-B3 $__________ ____%
Class 3-B4 $__________ ____%
Class 3-B5 $__________ ____%
Class 3-R $__________ ____%
Class 4-A1 $__________ ____%
Class 4-A2 $__________ ____%
Class 4-A3 $__________ ____%
Class 4-A4 $__________ ____%
Class 4-A5 $__________ ____%
Class 4-A6 $__________ ____%
Class 4-A7 $__________ ____%
Class 4-A8 $__________ ____%
Class 4-A9 $__________ ____%
J-7
<PAGE>
Class 4-A10 $__________ ____%
Class 4-A11 $__________ ____%
Class 4-A12 $__________ ____%
Class 4-A13 $__________ ____%
Class 4-M $__________ ____%
Class 4-B1 $__________ ____%
Class 4-B2 $__________ ____%
Class 4-B3 $__________ ____%
Class 4-B4 $__________ ____%
Class 4-B5 $__________ ____%
Class 4-R $__________ ____%
(5) Servicing Compensation:
Pool 1 $__________
Pool 2 $__________
Pool 3 $__________
Pool 4 $__________
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 $__________ $__________
Pool 4 $__________ $__________
(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 $__________ $__________
J-8
<PAGE>
Class 1-A10 $__________ $__________
Class 1-A11 $__________ $__________
Class 1-A12 $__________ $__________
Class 1-A13 $__________ $__________
Class 1-A14 $__________ $__________
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 1-RL $__________ $__________
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-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-A1 $__________ $__________
Class 3-A2 $__________ $__________
Class 3-A3 $__________ $__________
Class 3-A4 $__________ $__________
Class 3-PO $__________ $__________
Class 3-M $__________ $__________
Class 3-B1 $__________ $__________
Class 3-B2 $__________ $__________
Class 3-B3 $__________ $__________
Class 3-B4 $__________ $__________
Class 3-B5 $__________ $__________
J-9
<PAGE>
Class 3-R $__________ $__________
Class 4-A1 $__________ $__________
Class 4-A2 $__________ $__________
Class 4-A3 $__________ $__________
Class 4-A4 $__________ $__________
Class 4-A5 $__________ $__________
Class 4-A6 $__________ $__________
Class 4-A7 $__________ $__________
Class 4-A8 $__________ $__________
Class 4-A9 $__________ $__________
Class 4-A10 $__________ $__________
Class 4-A11 $__________ $__________
Class 4-A12 $__________ $__________
Class 4-A13 $__________ $__________
Class 4-PO $__________ $__________
Class 4-M $__________ $__________
Class 4-B1 $__________ $__________
Class 4-B2 $__________ $__________
Class 4-B3 $__________ $__________
Class 4-B4 $__________ $__________
Class 4-B5 $__________ $__________
Class 4-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 $__________ __________
Pool 4 $__________ __________
(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 $__________ __________
J-10
<PAGE>
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 $__________ __________
In foreclosure $__________ __________
Pool 4
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled Principal Balance
and number of replaced Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
Pool 3 $__________ __________
Pool 4 $__________ __________
(11) Aggregate Scheduled Principal Balance
and number of modified Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
Pool 3 $__________ __________
Pool 4 $__________ __________
(12) Certificate Interest Rate of:
N/A
(13) Senior Percentage for such Distribution
Date:
Pool 1 _________%
Pool 2 _________%
Pool 3 _________%
Pool 4 _________%
(14) Senior Prepayment Percentage for such
Distribution Date:
Pool 1 _________%
Pool 2 _________%
Pool 3 _________%
Pool 4 _________%
J-11
<PAGE>
(15) Class 2-A9 Prepayment Distribution
Percentage for such Distribution Date: ____%
(16) Class 2-A9 Scheduled Distribution
Percentage for such Distribution Date: ____%
(17) Class 2-A9 Percentage for such Distribution
Date: ____%
(18) Class 3-A3 Prepayment Distribution
Percentage for such Distribution Date ____%
(19) Class 3-A3 Percentage for such Distribution
Date ____%
(20) Class 4-A4 Distribution Percentage for such
Distribution Date ____%
(21) Class 4-A4 Percentage for such Distribution
Date ____%
(22) Junior Percentage for such Distribution
Date:
Pool 1 _________%
Pool 2 _________%
Pool 3 _________%
Pool 4 _________%
(23) Junior Prepayment Percentage for such
Distribution Date:
Pool 1 _________%
Pool 2 _________%
Pool 3 _________%
Pool 4 _________%
J-12
<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-13
<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
K-4
<PAGE>
policies include acceptance of a deed-in-lieu of foreclosure or
short payoff, the Purchaser will be notified and given two
Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan 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
K-5
<PAGE>
accordance with its customary procedures (other than the delay in
Commencement of Foreclosure as provided herein). If and when,
following such election, the Purchaser shall notify the Company
that it believes that it is appropriate to do so, the Company
shall proceed with the Commencement of Foreclosure; provided
that, in any event, if the Mortgage Loan is not brought current
by the mortgagor by the time the loan becomes 6 months
delinquent, the Purchaser's election shall no longer be
effective, unless the Purchaser shall have purchased the related
Mortgage Loan promptly following (and in any event not later than
the third Business Day after) the end of such 6-month period in
the manner provided in the following two sentences, and the
Company shall be entitled to proceed with the Commencement of
Foreclosure. Any purchase of such Mortgage Loan by the Purchaser
pursuant to the preceding sentence shall be at a purchase price
equal to the unpaid principal balance of the Mortgage Loan plus
accrued interest at the Mortgage Rate from the date last paid by
the mortgagor. Such purchase price shall be deposited by the
Purchaser into the Collateral Fund in immediately available funds
on the Business Day which is the date of purchase and the
Purchaser shall instruct the Trustee (with notice to the Company)
to withdraw such amount therefrom on such Business Day and remit
the same to the Trust Fund for application as Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement.
Following such withdrawal, all amounts remaining in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03 Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the 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
K-6
<PAGE>
Company, equal to 125% of the current Scheduled Principal Balance
of the Mortgage Loan and three months' interest on the Mortgage
Loan at the applicable Mortgage Rate. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the Company believes there is
a breach of representations or warranties by the Company, which
may result in a repurchase or substitution of such Mortgage Loan,
or (iii) the Company has or expects to have the right under the
Pooling and Servicing Agreement to purchase the defaulted
Mortgage Loan and intends to exercise such right or (iv) the
Company reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous
substances (and the Company supplies the Purchaser with
information supporting such belief) or (v) the same is prohibited
by or is otherwise inconsistent with the provisions of the
Pooling and Servicing Agreement. Any foreclosure that has been
initiated may be discontinued (i) without notice to the Purchaser
if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including
by means of a short payoff approved by the Purchaser) or (ii)
with notice to the Purchaser if the Company has reached the terms
of a forbearance agreement unless instructed otherwise by the
Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (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.
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<PAGE>
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
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
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<PAGE>
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Pool __ Collateral Fund, for the benefit of
GE Capital Mortgage Services, Inc. and State Street Bank and
Trust Company on behalf of Pool __ Certificateholders, as secured
parties" (the "Collateral Fund"). Amounts held in the Collateral
Fund shall continue to be the property of the Purchaser, subject
to the first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02 Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
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
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<PAGE>
Trustee for the benefit of the Pool __ Certificateholders a
security interest in and lien on all of the Purchaser's right,
title and interest, whether now owned or hereafter acquired, in
and to: (1) the Collateral Fund, (2) all amounts deposited in the
Collateral Fund and Collateral Fund Permitted Investments in
which such amounts are invested (and the distributions and
proceeds of such investments) and (3) all cash and non-cash
proceeds of any of the foregoing, including proceeds of the
voluntary or involuntary conversion thereof (all of the foregoing
collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Pool __ Certificateholders. The
Purchaser shall take all actions requested by the Company or the
Trustee as may be reasonably necessary to perfect the security
interest created under this Agreement in the Collateral and cause
it to be prior to all other security interests and liens,
including the execution and delivery to the Company or at its
direction the Trustee for filing of appropriate financing
statements in accordance with applicable law.
Section 3.04 Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall constitute
a general corporate obligation of the Purchaser. The failure to
pay such amounts within two Business Days of such demand (except
for amounts to cover interest on a Mortgage Loan pursuant to
Sections 2.02(d) and 2.03(b)), shall cause an immediate
termination of the Purchaser's right to make any Election to
Delay Foreclosure or Election to Foreclose and the Company's
obligations under this Agreement with respect to all Mortgage
Loans to which such insufficiencies relate, without the necessity
of any further notice or demand on the part of the Company.
ARTICLE IV.
MISCELLANEOUS PROVISIONS
Section 4.01 Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
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.
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<PAGE>
Section 4.04 Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
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,
K-11
<PAGE>
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05 Severability of Provisions. If any one or more
of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06 Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07 Article and Section Headings. The article and
section headings herein are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.
Section 4.08 Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09 Confidentiality. The Purchaser agrees that all
information supplied by or on behalf of the Company pursuant to
Section 2.01 or 2.02, including individual account information,
is the property of the Company and the Purchaser agrees to use
such information solely for the purposes set forth in this
Agreement and to hold such information confidential and not to
disclose such information.
Section 4.10 Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
Section 4.11 Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class __-B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund
Agreement between the Company and the Purchaser relating to such
Class B5 Certificates has been terminated.
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<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.
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<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
SERIES 1998-12
Pool 1
Original
Loan No. Amount Last Name
-------- -------- ---------
70086301 $270,000.00 Hamilton
-----------
Totals $270,000.00
PERCENTAGE OF POOL: Less than 0.10%
Pool 2
Original
Loan No. Amount Last Name
-------- -------- ---------
30924559 $236,800.00 Brown
31075625 $105,000.00 Barr
-----------
Totals $341,800.00
PERCENTAGE OF POOL: Less than 0.10%
M-1
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
SERIES 1998-12
Pool 1
Outstanding Covered Actual
GECMSI MLCC Principal Pledge Pledge
Loan No. Loan No. Balance Amount Amount
- -------- -------- ----------- ------- ------
31184245 2251577 $178,000 $53,400 $53,400
1 1 $178,000 $53,400 $53,400
