SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 25, 1999
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of March 1, 1999,
providing for the issuance of REMIC Mortgage
Pass-Through Certificates, Series 1999-03)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On March 25, 1999, GE Capital Mortgage Services, Inc. ("GECMSI") offered to
investors certain classes of its REMIC Mortgage Pass-Through Certificates,
Series 1999-03 (the "Certificates") evidencing beneficial ownership interests in
a trust fund (the "Trust Fund"). The assets of the Trust Fund consist primarily
of a pool ("Pool 1999-03") of conventional, one- to four-family residential
loans (the "Mortgage Loans"). Capitalized terms used herein and not otherwise
defined shall have the meanings assigned to them in the prospectus dated March
12, 1999 as supplemented by the prospectus supplement dated March 25, 1999.
The original principal balance of each class of the Certificates is as follows:
Class A1 $134,000,000.00
Class A2 $5,456,000.00
Class A3 $21,053,083.00
Class A4 $8,475,917.00
Class A5 $50,000,000.00
Class A6 $3,000,000.00
Class A7 $3,000,000.00
Class A8 $2,000,000.00
Class A9 $2,000,000.00
Class A10 $2,461,000.00
Class A11 $1,968,000.00
Class A12 $1,968,000.00
Class A13 $1,968,000.00
Class A14 $1,478,000.00
Class A15 $127,000,000.00
Class A16 $76,424,000.00
Class A17 $12,119,000.00
Class A18 $25,000,000.00
Class R $100.00
Class M $9,251,500.00
Class B1 $3,750,600.00
Class B2 $2,250,300.00
Class B3 $2,500,400.00
Class B4 $1,000,200.00
Class B5 $1,251,200.14
Total : $499,175,300.14
The initial Junior Percentage and initial Senior Percentage for Pool 1999-03 are
approximately 4.01% and 95.99%, respectively. The "Bankruptcy Loss Amount," the
"Fraud Loss Amount" and the "Special Hazard Loss Amount" for Pool 1999-03 as of
the initial issuance of the Certificates are $157,753.00, $5,000,825.00 and
$6,352,015.00, respectively, representing approximately .03%, 1.00%, and 1.27%,
respectively, of the aggregate Scheduled Principal Balances of the Mortgage
Loans as of March 1, 1999 (the "Cut-off Date").
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1999-03
Pool 1999-03 consists primarily of fixed-rate, fully-amortizing conventional
Mortgage Loans evidenced by mortgage notes which have original maturities of 20
to 30 years and an aggregate outstanding Scheduled Principal Balance as of the
Cut-off Date, after deducting payments of principal due on or before such date
and prepayments of principal received before such date, of $500,082,530.94.
The interest rates (the "Mortgage Rates") borne by the 1450 Mortgage Loans
conveyed by GECMSI to Pool 1999-03 range from 5.8750% to 9.0000% and the
weighted average Mortgage Rate as of the Cut-off Date is 7.1701% per annum (all
weighted averages in this filing are weighted by aggregate outstanding Scheduled
Principal Balance as of the Cut-off Date). At origination, the principal
balances of the Mortgage Loans in Pool 1999-03 ranged from $238,000.00 to
$1,000,000.00, and, as of the Cut-off Date, the average outstanding Scheduled
Principal Balance of the Mortgage Loans in Pool 1999-03 is $344,884.50, after
application of principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest origination
date of any Mortgage Loan in Pool 1999-03 is November 1997, and the latest
scheduled maturity date of any such Mortgage Loan is February 2029. The weighted
average loan-to-value ratio of the Mortgage Loans as of the Cut-off Date in Pool
1999-03 is 73.3227%.
The Mortgage Loans in Pool 1999-03 have the following characteristics as of the
Cut-off Date.
The following table sets forth information, as of the Cut-off Date, with respect
to the Mortgage Rates borne by the Mortgage Loans in Pool 1999-03:
MORTGAGE # OF LOANS AGGREGATE BALANCES % OF POOL BY
RATES AS OF CUT-OFF DATE AGGREGATE BALANCE
5.8750% 1 $397,940.80 0.0796%
6.1250% 1 $247,017.65 0.0494%
6.2500% 1 $258,009.29 0.0516%
6.3750% 8 $2,317,470.14 0.4634%
6.5000% 32 $11,369,873.81 2.2736%
6.6250% 33 $11,564,529.41 2.3125%
6.7500% 87 $31,564,959.63 6.3120%
6.8750% 175 $59,519,895.83 11.9020%
6.9000% 3 $899,954.15 0.1800%
7.0000% 238 $83,631,779.50 16.7234%
7.0500% 4 $1,779,659.23 0.3559%
7.1000% 7 $2,557,786.82 0.5115%
7.1250% 190 $62,876,040.12 12.5731%
7.1500% 2 $602,060.24 0.1204%
7.2500% 205 $68,359,428.67 13.6696%
7.3000% 3 $840,861.02 0.1681%
7.3250% 1 $363,438.79 0.0727%
7.3500% 2 $618,085.98 0.1236%
7.3750% 174 $60,370,430.00 12.0721%
7.4000% 1 $299,083.00 0.0598%
7.4500% 1 $288,025.65 0.0576%
7.5000% 134 $46,496,462.58 9.2978%
7.5500% 1 $283,353.99 0.0567%
7.6000% 1 $317,460.83 0.0635%
7.6250% 72 $24,619,477.06 4.9231%
7.7500% 43 $15,944,276.33 3.1883%
7.8750% 13 $4,313,868.13 0.8626%
8.0000% 7 $2,623,588.20 0.5246%
8.1250% 4 $1,714,071.18 0.3428%
8.2500% 3 $974,014.57 0.1948%
8.3750% 1 $586,467.51 0.1173%
8.6250% 1 $746,114.77 0.1492%
9.0000% 1 $737,046.06 0.1474%
Total 1,450 $500,082,530.94 100.0000%
b) The following table sets forth information, as of the Cut-off Date, with
respect to the original principal balances of the Mortgage Loans in Pool
1999-03:
ORIGINAL # OF LOANS AGGREGATE BALANCES % OF POOL BY
BALANCES AS OF CUT-OFF DATE AGREGATE BALANCE
$227,151 - 250,000 62 $15,229,534.14 3.0454%
$250,001 - 300,000 576 $158,981,621.89 31.7912%
$300,001 - 350,000 343 $111,376,593.91 22.2716%
$350,001 - 400,000 180 $67,550,831.69 13.5079%
$400,001 - 450,000 105 $44,931,737.98 8.9849%
$450,001 - 600,000 139 $70,479,250.75 14.0935%
$600,001 - 650,000 29 $18,415,634.87 3.6825%
$650,001 - 1,000,000 + 16 $13,117,325.71 2.6230%
Total 1,450 $500,082,530.94 100.0000%
The largest outstanding Scheduled Principal Balance of any Mortgage Loan, as of
the Cut-off Date, in Pool 1999-03 is $998,473.47.
The smallest outstanding Scheduled Principal Balance of any Mortgage Loan, as of
the Cut-off Date, in Pool 1999-03 is $237,598.63.
c) The following table sets forth information, as of the Cut-off Date, with
respect to the years of origination of the Mortgage Loans in Pool 1999-03:
<TABLE>
<CAPTION>
YEAR OF ORIGINATION # OF LOANS AGGREGATE BALANCES % OF POOL BY
AS OF CUT-OFF DATE AGGREGATE BALANCE
<S> <C>> <C> <C>
1997 1 $260,310.76 0.0521%
1998 1,089 $373,937,987.40 74.7752%
1999 360 $125,884,232.78 25.1727%
Total 1,450 $500,082,530.94 100.0000%
</TABLE>
d) The following table sets forth information, as of the Cut-off Date, with
respect to the loan-to-value ratios of the Mortgage Loans at origination in
Pool 1999-03:
<TABLE>
<CAPTION>
LOAN-TO-VALUE
RATIO AT ORIGINATION # OF LOANS AGGREGATE BALANCES % OF POOL BY
AS OF CUT-OFF DATE AGGREGATE BALANCE
<S> <C> <C> <C>
00.000 - 50.00 69 $26,970,485.26 5.3932%
50.001 - 60.00 93 $34,991,833.73 6.9972%
60.001 - 70.00 $89,269,401.12 17.8509%
238
70.001 - 75.00 $85,928,644.60 17.1829%
245
75.001 - 80.00 $207,341,355.39 41.4615%
617
80.001 - 85.00 23 $7,285,737.68 1.4569%
85.001 - 90.00 $35,002,271.84 6.9993%
115
90.001 - 95.00 50 $13,292,801.32 2.6581%
Total 1,450 $500,082,530.94 100.0000%
</TABLE>
e) The following table sets forth information, as of the Cut-off Date, with
respect to the type of mortgaged properties securing the Mortgage Loans in
Pool 1999-03:
<TABLE>
<CAPTION>
TYPE OF DWELLING # OF LOANS AGGREGATE BALANCES % OF POOL BY
AS OF CUT-OFF DATE AGGREGATE BALANCE
<S> <C> <C> <C>
Single-family detached 1,346 $465,021,174.77 92.9888%
Single-family attached 39 $13,261,598.32 2.6519%
Condominium 49 $15,825,992.52 3.1647%
2 - 4 Family Units 15 $5,710,360.96 1.1419%
Co-op 1 $263,404.37 0.0527%
Total 1,450 $500,082,530.94 100.0000%
</TABLE>
f) The following table sets forth information, as of the Cut-off Date, with
respect to the occupancy status of the mortgaged properties securing the
Mortgage Loans as represented by the mortgagors at origination in Pool 1999-03:
<TABLE>
<CAPTION>
AGGREGATE BALANCES % OF POOL BY
OCCUPANCY # OF LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
<S> <C> <C> <C>
Owner Occupied 1,424 $491,672,835.98 98.3184%
Vacation 23 $7,472,865.02 1.4943%
Investment 3 $936,829.94 0.1873%
Total 1,450 $500,082,530.94 100.0000%
</TABLE>
g) The following table sets forth information, as of the Cut-off Date, with
respect to the geographic distribution of the mortgaged properties securing
the Mortgage Loans in Pool 1999-03:
<TABLE>
<CAPTION>
AGGREGATE BALANCES % OF POOL BY
STATE # OF LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
<S> <C> <C> <C>
Alabama 7 $2,376,359.47 0.4752%
Arizona 42 $13,609,950.94 2.7215%
Arkansas 1 $274,547.86 0.0549%
California 719 $248,148,241.13 49.6214%
Colorado 50 $16,182,372.17 3.2359%
Connecticut 11 $4,603,100.12 0.9205%
Delaware 2 $546,473.05 0.1093%
District Of Columbia 3 $842,320.45 0.1684%
Florida 53 $20,260,816.85 4.0515%
Georgia 26 $8,349,884.99 1.6697%
Hawaii 6 $3,287,297.38 0.6574%
Idaho 2 $524,949.28 0.1050%
Illinois 44 $14,612,649.37 2.9221%
Indiana 8 $2,595,847.67 0.5191%
Kentucky 2 $652,055.49 0.1304%
Louisiana 1 $256,617.35 0.0513%
Maine 1 $246,719.33 0.0493%
Maryland 54 $18,195,515.23 3.6385%
Massachusetts 84 $28,837,297.30 5.7665%
Michigan 27 $8,669,448.83 1.7336%
Minnesota 10 $3,828,616.58 0.7656%
Missouri 4 $1,692,730.76 0.3385%
Montana 1 $343,788.66 0.0687%
Nevada 5 $1,491,856.17 0.2983%
New Hampshire 3 $859,807.10 0.1719%
New Jersey 45 $16,822,452.23 3.3639%
New Mexico 4 $1,878,156.15 0.3756%
New York 28 $10,582,654.63 2.1162%
North Carolina 24 $7,953,329.84 1.5904%
Ohio 8 $2,186,774.35 0.4373%
Oklahoma 2 $627,890.20 0.1256%
Oregon 7 $2,239,207.15 0.4478%
Pennsylvania 15 $5,444,601.74 1.0887%
Rhode Island 3 $1,255,226.40 0.2510%
South Carolina 6 $1,849,770.37 0.3699%
Tennessee 4 $1,356,659.53 0.2713%
Texas 32 $10,679,755.55 2.1356%
Utah 8 $2,360,529.39 0.4720%
Vermont 2 $625,950.42 0.1252%
Virginia 39 $13,344,251.94 2.6684%
Washington 52 $18,140,778.62 3.6276%
Wisconsin 5 $1,445,278.90 0.2890%
Total 1,450 $500,082,530.94 100.0000%
</TABLE>
h) The following table sets forth information, as of the Cut-off Date, with
respect to the maturity dates of the Mortgage Loans in Pool 1999-03:
YEAR OF # OF AGGREGATE BALANCES % OF POOL BY
MATURITY LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
2018 9 $2,695,885.03 0.5391%
2019 3 $966,053.45 0.1932%
2022 1 $286,202.91 0.0572%
2023 3 $1,119,381.69 0.2238%
2024 5 $1,510,421.09 0.3020%
2026 2 $598,889.66 0.1198%
2027 7 $2,255,106.62 0.4509%
2028 670 $230,467,261.73 46.0858%
2029 750 $260,183,328.76 52.0282%
Total 1,450 $500,082,530.94 100.0000%
The weighted average scheduled remaining term to maturity of the Mortgage Loans
in Pool 1999-03 calculated as of the Cut-off Date is 355.7 months.
i) The following table sets forth information, as of the Cut-off Date, with
respect to the purpose of the Mortgage Loans in Pool 1999-03:
PURPOSE OF # OF AGGREGATE BALANCES % OF POOL BY
LOAN LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
Purchase 557 $186,378,049.47 37.2695%
Rate Term/Refinance 664 $231,133,440.07 46.2190%
Cash-out Refinance 229 $82,571,041.40 16.5115%
Total 1,450 $500,082,530.94 100.0000%
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS.
1.1 The Underwriting Agreement, dated as of October 23, 1995, and the related
Terms Agreement, dated as of March 23, 1999, for certain of the Series
1999-03 Certificates between GE Capital Mortgage Services, Inc. and Salomon
Smith Barney Inc.
1.2 The Underwriting Agreement, dated as of April 24, 1995, and the related
Terms Agreement, dated as of March 23, 1999, for certain of the Series
1999-03 Certificates between GE Capital Mortgage Services, Inc. and
PaineWebber Incorporated.
4.1 The Pooling and Servicing Agreement for the Series 1999-03 Certificates,
dated as of March 1, 1999, between GE Capital Mortgage Services, Inc., as
seller and servicer, and State Street Bank and Trust Company, as trustee.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
---------------
Name: Syed W. Ali
Title: Vice President
Dated as of March 25, 1999
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
EXHIBIT NO. DESCRIPTION
1.1 The Underwriting Agreement, dated as of October 23, 1995, and the related
Terms Agreement, dated as of March 23, 1999, for certain of the Series
1999-03 Certificates between GE Capital Mortgage Services, Inc. and Salomon
Smith Barney Inc.
1.2 The Underwriting Agreement, dated as of April 24, 1995, and the related
Terms Agreement, dated as of March 23, 1999, for certain of the Series
1999-03 Certificates between GE Capital Mortgage Services, Inc. and
PaineWebber Incorporated.
4.1 The Pooling and Servicing Agreement for the Series 1999-03 Certificates,
dated as of March 1, 1999, between GE Capital Mortgage Services, Inc., as
seller and servicer, and State Street Bank and Trust Company, as trustee.
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Salomon Brothers Inc New York, New York
Seven World Trade Center October 23, 1995
New York, New York 10048
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
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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Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(a "Current Report") pursuant to Rule 13a-11 under the
Exchange Act on the business day immediately following the
later of (i) the day on which such Computational Materials
and Structural Term Sheets are delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. and (ii) the
date on which this Agreement is executed and delivered. The
Company will cause one Collateral Term Sheet (as defined in
Section 9 below) with respect to the Offered Certificates
of a Series that is delivered by the Underwriter to the
Company in accordance with the provisions of Section 9 to
be filed with the Commission on a Current Report pursuant
to Rule 13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term Sheet that reflects, in the
reasonable
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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 with
respect to its letters furnished pursuant to Section 6(i)
of the Agreement and any letter furnished pursuant to the
last sentence of Section 6(h) hereof, the fees of any firm
of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of the Agreement and any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in accordance
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with the related Pooling and Servicing Agreement, will
be validly issued and outstanding and entitled to the
benefits of such Pooling and Servicing Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time
it became effective, contained an untrue statement of
a material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
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<PAGE>
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
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<PAGE>
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
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<PAGE>
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein,
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<PAGE>
on certificates of responsible officers of the Company or
public officials. In addition, such opinion may be
qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
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<PAGE>
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or
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<PAGE>
regulation applicable to the Trustee, or to such
counsel's knowledge, any indenture or other agreement
or instrument to which the Trustee is a party or by
which it is bound, or, to such counsel's knowledge,
any order of any state or federal court, regulatory
body, administrative agency or governmental body
having jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the Mortgaged Properties", as the
case may be, and in the Detailed Description relating to
such Prospectus Supplement is mutually consistent and
agrees with the accounting records of the Company and,
where applicable, the related Mortgage Loan files of the
Company, excluding any questions of legal interpretation.
In addition, if applicable, such accountants shall have
furnished to the Underwriter a letter, dated as of the
related Closing Date, which shall include a statement or
statements to the effect that based upon the assumptions
and methodology agreed to by the
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Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified the mathematical accuracy of any initial
Effective Ranges of any PAC Certificates, Scheduled
Certificates or other scheduled Certificates set forth
in such Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
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<PAGE>
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
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person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
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<PAGE>
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and
incorporated by reference in such Registration Statement or the
related Prospectus or any amendment or supplement thereof (except
that no such indemnity shall be available for any losses, claims,
damages or liabilities, or actions in respect thereof, resulting
from any Mortgage Pool Error, other than a Corrected Mortgage
Pool Error). This indemnity agreement will be in addition to any
liability which the Underwriter may otherwise have. The Company
acknowledges that the statements set forth in the second sentence
of the ante-penultimate paragraph, the first sentence of the
penultimate paragraph, and in the last paragraph appearing on the
cover page of the related Prospectus Supplement as such
statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
- 20 -
<PAGE>
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
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<PAGE>
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter on the other in connection with the statements
or omissions which resulted in such losses, claims, damages
or liabilities (or actions in respect thereof) as well as
any other relevant equitable considerations. The relative
fault shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other
- 22 -
<PAGE>
and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter") and the filing of such material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
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<PAGE>
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading;
(iv) the Underwriter has not represented to any
prospective investor that any Computational Materials
or Structural Term Sheets with respect to any Series
were prepared or disseminated on behalf of the
Company, and all Computational Materials and
Structural Term Sheets furnished to prospective
investors (and all written and electronic materials
furnished to prospective investors on which the
Computational Materials are based) included a
disclaimer to the effect set forth in Section 8(d);
and
(v) at the time any Computational Materials (or
any written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
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<PAGE>
Certificates were furnished to a prospective investor
and on the date of the related Terms Agreement, the
Underwriter possessed, and on the date of delivery of
such materials to the Company pursuant to this Section
8 and on the related Closing Date, the Underwriter
will possess, the capability, knowledge, expertise,
resources and systems of internal control necessary to
ensure that such Computational Materials conform to
the representations and warranties of the Underwriter
contained in subparagraphs (i) and (iii) above of this
paragraph (b).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after October 11, 1995 included
and shall include a disclaimer in form satisfactory to the
Company to the effect that such materials have been prepared and
disseminated solely by and on behalf of the Underwriter, and that
the Company has not reviewed or participated in the preparation
or dissemination of such materials and is not responsible for the
contents or accuracy thereof. The Underwriter agrees that it will
not represent to prospective investors that any Computational
Materials or Structural Term Sheets were prepared or disseminated
on behalf of the Company.
- 25 -
<PAGE>
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the
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<PAGE>
Commission, notify the Company and its counsel by telephone of
its intention to deliver such materials and the approximate date
on which the first such delivery of such materials is expected to
occur. Not later than 10:30 a.m., New York time, on the business
day immediately following the date on which any Collateral Term
Sheet was first delivered to a prospective investor in such
Offered Certificates, the Underwriter shall deliver to the
Company five complete copies of all materials provided by the
Underwriter to prospective investors in the Offered Certificates
which constitute "Collateral Term Sheets." Each delivery of a
Collateral Term Sheet to the Company pursuant to this paragraph
(a) shall be effected by delivering four copies of such materials
to counsel for the Company on behalf of the Company at the
address specified in Section 3 hereof and one copy of such
materials to the Company. (Collateral Term Sheets and Structural
Term Sheets are, together, referred to herein as "ABS Term
Sheets.") At the time of each such delivery, the Underwriter
shall indicate in writing that the materials being delivered
constitute Collateral Term Sheets, and, if there has been any
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading; and
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<PAGE>
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by the Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 8(d).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(d) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
- 28 -
<PAGE>
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
- 29 -
<PAGE>
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
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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.
SALOMON BROTHERS INC
By:
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated October 23, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Salomon Brothers Inc (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
SALOMON BROTHERS INC
By:
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
Name:
Title:
A-3
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1999-3
TERMS AGREEMENT
(to Underwriting Agreement
dated October 23, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus March 23, 1999
Cherry Hill, NJ 08002
Salomon Smith Barney 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 1999-3 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 1999-3 Certificates are registered with the Securities and Exchange
Commission by means of an effective Registration Statement (Nos. 333-68951 and
333-68951-01). Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1999-3 Certificates shall evidence
the entire beneficial ownership interest in a mortgage pool (the "Mortgage
Pool") of conventional, fixed rate, fully amortizing, first lien one- to
four-family residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of March 1, 1999 (the "Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $500,082,530.94
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 $475,000,000 or greater than $525,000,000.
(b) Original Terms to Maturity: The original term to maturity of
substantially all of the Mortgage Loans included in the Mortgage Pool shall be
between 20 and 30 years.
Section 2. The Certificates: The Offered Certificates shall be issued as
follows:
(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 Purchase
Principal Interest Price
Class Balance Rate Percentage
- ----- ------- ---- ----------
Class A1 $134,000,000 6.50% 98.5156%
Class A2 5,456,000 6.50% 98.5156%
Class A3 21,053,083 (1) 98.5156%
Class A4 8,475,917 (1) 98.5156%
Class A5 50,000,000 6.50% 98.5156%
Class A6 3,000,000 6.50% 98.5156%
Class A7 3,000,000 6.50% 98.5156%
Class A8 2,000,000 6.50% 98.5156%
Class A9 2,000,000 6.50% 98.5156%
Class A10 2,461,000 6.75% 98.5156%
Class A11 1,968,000 6.75% 98.5156%
Class A12 1,968,000 6.75% 98.5156%
Class A13 1,968,000 6.75% 98.5156%
Class A14 1,478,000 6.75% 98.5156%
Class A15 127,000,000 6.50% 98.5156%
Class A16 76,424,000 6.50% 98.5156%
Class A17 12,119,000 6.50% 98.5156%
Class A18 25,000,000 6.50% 98.5156%
Class R 100 6.50% 98.5156%
- -------------------
(1) The Class A3 and Class A4 Certificates will accrue interest at the floating
rates described in the Prospectus Supplement.
(b) The Offered Certificates shall have such other characteristics as
described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each Class of the Offered
Certificates shall be the Class Purchase Price Percentage therefor (as set forth
in Section 2(a) above) of the initial Class Certificate Principal Balance
thereof plus accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, March 25, 1999 (the
"Closing Date").
Section 4. Required Ratings: The Offered Certificates, other than the Class
A4 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"), respectively. The Class A4 Certificates
shall have received Required Ratings of "AAA" from Fitch and "AAAr" from S&P.
Section 5. Tax Treatment: One or more elections will be made to treat the
assets of the Trust Fund as a REMIC.
<PAGE>
If the foregoing is in accordance with your understanding of our agreement,
please sign and return to the undersigned a counterpart hereof, whereupon this
letter and your acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
SALOMON SMITH BARNEY 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
PaineWebber Incorporated New York, New York
1285 Avenue of the Americas April 24, 1995
New York, New York 10019
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"), may offer for sale to
you (the "Underwriter") from time to time its Pass-Through Certificates
evidencing interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each series, in one or
more classes, in one or more offerings on terms determined at the time of sale
(each such series, a "Series" and each such class, a "Class"). Each Series of
the Certificates will be issued under a separate Pooling and Servicing Agreement
(each, a "Pooling and Servicing Agreement") to be dated as of the respective
cut-off date (each, a "Cut-off Date") between the Company, as seller and
servicer, and State Street Bank and Trust Company, as trustee (the "Trustee").
Capitalized terms used but not defined herein shall have the meanings given to
them in the related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and Servicing Agreement will
represent the entire beneficial ownership interest in a trust fund (the "Trust
Fund") established by such Pooling and Servicing Agreement. The assets of each
Trust Fund will consist primarily of a pool of conventional, fixed rate, first
lien, fully amortizing, one- to four-family residential mortgage loans (the
"Mortgage Loans") having the original terms to maturity specified in the related
Terms Agreement referred to hereinbelow. If so specified in the related Terms
Agreement, one or more elections may be made to treat the assets of each Trust
Fund as a real estate mortgage investment conduit (each, a "REMIC") for federal
income tax purposes.
Whenever the Company determines to make an offering of Certificates (each,
a "Certificate Offering") pursuant to this Agreement through you, it will enter
into an agreement with you (the "Terms Agreement") providing for the sale of
specified Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such Certificate Offering
which the Company elects to make pursuant to this Agreement shall be governed by
this Agreement, as supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A hereto, shall
specify, among other things, the Classes of Certificates to be purchased by the
Underwriter (the "Offered Certificates"), the principal balance or balances of
the Offered Certificates, each subject to any stated variance, and the price or
prices at which such Offered Certificates are to be purchased by the Underwriter
from the Company.
1. Representations and Warranties. (a) The Company represents and
warrants to and agrees with the Underwriter, as of the date of the related
Terms Agreement, that:
(i) The registration statement specified in the related Terms
Agreement, on Form S-3, including a prospectus, has been filed with
the Securities and Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as amended (the "Act"),
of pass-through certificates issuable in series, which registration
statement has been declared effective by the Commission. Such
registration statement, as amended to the date of the related Terms
Agreement, including any documents incorporated by reference therein
pursuant to Item 12 of Form S-3 under the Act which were filed under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
on or before the effective date of the Registration Statement, is
hereinafter called the "Registration Statement," and such prospectus,
as such prospectus is supplemented by a prospectus supplement relating
to the Offered Certificates of the related Series, each in the form
first filed after the date of the related Terms Agreement pursuant to
Rule 424(b) under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3 under the Act which
were filed under the Exchange Act on or before the date of such
Prospectus Supplement (other than any such incorporated documents that
relate to Collateral Term Sheets (as defined herein)) (such prospectus
supplement, including such incorporated documents (other than those
that relate to Collateral Term Sheets), in the form first filed after
the date of the related Terms Agreement pursuant to Rule 424(b) is
hereinafter called the "Prospectus Supplement"), is hereinafter called
the "Prospectus". Any reference herein to the terms "amend,"
"amendment" or "supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement shall be deemed
to refer to and include the filing of any document under the Exchange
Act after the effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement, as the case may
be, deemed to be incorporated therein by reference pursuant to Item 12
of Form S-3 under the Act.
(ii) The related Registration Statement, at the time it became
effective, and the prospectus contained therein, and any amendments
thereof and supplements thereto filed prior to the date of the related
Terms Agreement, conformed in all material respects to the
requirements of the Act and the rules and regulations of the
Commission thereunder; on the date of the related Terms Agreement and
on each Closing Date (as defined in Section 3 below), the related
Registration Statement and the related Prospectus, and any amendments
thereof and supplements thereto, will conform in all material respects
to the requirements of the Act and the rules and regulations of the
Commission thereunder; such Registration Statement, at the time it
became effective, did not contain any untrue statement of a material
fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading; such
Prospectus, on the date of any filing pursuant to Rule 424(b) and on
each Closing Date, will not include any untrue statement of a material
fact or omit to state a material fact necessary to make the statements
therein, in the light of the circumstances under which they are made,
not misleading; and the Detailed Description referred to in such
Prospectus, on each Closing Date and the date of any filing thereof
under cover of Form 8-K, will not include any untrue statement of a
material fact or omit to state any information which such Prospectus
states will be included in such Detailed Description; provided,
however, that the Company makes no representations or warranties as to
the information contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement thereto) in reliance
upon and in conformity with written information furnished to the
Company by or on behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as defined in Section
5(b) below), or in any amendment thereof or supplement thereto,
incorporated by reference in such Registration Statement or such
Prospectus (or any amendment thereof or supplement thereto).
(iii) The Certificates of the related Series will conform to the
description thereof contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two highest rating
categories by a nationally recognized statistical rating organization,
be when issued a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act, and will each on the related
Closing Date be duly and validly authorized, and, when validly
executed, countersigned, issued and delivered in accordance with the
related Pooling and Servicing Agreement and sold to you as provided
herein and in the related Terms Agreement, will each be validly issued
and outstanding and entitled to the benefits of the related Pooling
and Servicing Agreement.
(iv) Neither the issuance nor sale of the Certificates of the
related Series nor the consummation of any other of the transactions
herein contemplated, nor the fulfillment of the terms hereof or of the
related Terms Agreement, will conflict with any statute, order or
regulation applicable to the Company of any court, regulatory body,
administrative agency or governmental body having jurisdiction over
the Company or with any organizational document of the Company or any
instrument or any agreement under which the Company is bound or to
which it is a party.
(v) This Agreement and the related Terms Agreement have been duly
authorized, executed and delivered by the Company.
(vi) At or prior to the related Closing Date, the Company will
have entered into the related Pooling and Servicing Agreement and,
assuming the due authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such Closing Date)
will constitute the valid and binding agreement of the Company
enforceable in accordance with its terms, subject as to
enforceability, to bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to general principles of
equity (regardless of whether the enforceability of such Pooling and
Servicing Agreement is considered in a proceeding in equity or at
law).
2. Purchase and Sale. Subject to the execution of the Terms Agreement
for a particular Certificate Offering and subject to the terms and
conditions and in reliance upon the representations and warranties set
forth in this Agreement and such Terms Agreement, the Company agrees to
sell to the Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered Certificates at
the purchase price therefor set forth in such Terms Agreement (the
"Purchase Price").
3. Delivery and Payment. Delivery of and payment for the Offered
Certificates of a Series shall be made at the offices of Cleary, Gottlieb,
Steen & Hamilton, New York, New York, at 10:00 A.M., New York City time, on
the Closing Date specified in the related Terms Agreement, which date and
time may be postponed by agreement between the Underwriter and the Company
(such date and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter against payment
by the Underwriter of the Purchase Price thereof to or upon the order of
the Company by wire transfer in federal or other immediately available
funds or by check payable in federal funds, as the Company shall specify no
later than five full business days prior to such Closing Date. Unless
delivery is made through the facilities of The Depository Trust Company,
the Offered Certificates shall be registered in such names and in such
authorized denominations as the Underwriter may request not less than two
full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least two business
days before each Closing Date of the exact principal balance evidenced by
the Offered Certificates and to have such Offered Certificates available
for inspection, checking and packaging in New York, New York, no later than
12:00 noon on the business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that the Underwriter
proposes to offer the Offered Certificates of the related Series for sale
to the public as set forth in the related Prospectus.
5. Agreements. The Company agrees with the Underwriter that:
(a) The Company will cause the Prospectus as supplemented by a
Prospectus Supplement relating to the Offered Certificates to be filed
pursuant to Rule 424 under the Act and will promptly advise the
Underwriter when such Prospectus as so supplemented has been so filed,
and prior to the termination of the Certificate Offering to which such
Prospectus relates also will promptly advise the Underwriter (i) when
any amendment to the related Registration Statement specifically
relating to such Offered Certificates shall have become effective or
any further supplement to such Prospectus has been filed, (ii) of any
request by the Commission for any amendment of such Registration
Statement or Prospectus or for any additional information, (iii) of
the issuance by the Commission of any stop order suspending the
effectiveness of such Registration Statement or the institution or
threatening of any proceeding for that purpose and (iv) of the receipt
by the Company of any written notification with respect to the
suspension of the qualification of such Offered Certificates for sale
in any jurisdiction or the initiation or threatening of any proceeding
for such purpose. The Company will not file any amendment of the
related Registration Statement or supplement to the related Prospectus
(other than any amendment or supplement specifically relating to one
or more Series of pass-through certificates other than the Series that
includes the related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior to filing.
The Company will use its best efforts to prevent the issuance of any
such stop order and, if issued, to obtain as soon as possible the
withdrawal thereof.
(b) The Company will cause any Computational Materials and any
Structural Term Sheets (each as defined in Section 8 below) with
respect to the Offered Certificates of a Series that are delivered by
the Underwriter to the Company pursuant to Section 8 to be filed with
the Commission on a Current Report on Form 8-K (a "Current Report")
pursuant to Rule 13a-11 under the Exchange Act on the business day
immediately following the later of (i) the day on which such
Computational Materials and Structural Term Sheets are delivered to
counsel for the Company by the Underwriter prior to 10:30 a.m. and
(ii) the date on which this Agreement is executed and delivered. The
Company will cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series that is
delivered by the Underwriter to the Company in accordance with the
provisions of Section 9 to be filed with the Commission on a Current
Report pursuant to Rule 13a-11 under the Exchange Act on the business
day immediately following the day on which such Collateral Term Sheet
is delivered to counsel for the Company by the Underwriter prior to
10:30 a.m. In addition, if at any time prior to the availability of
the related Prospectus Supplement the Underwriter has delivered to any
prospective investor a Collateral Term Sheet that reflects, in the
reasonable judgement of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with respect to the
related Series previously filed with the Commission was based, the
Company will cause any such Collateral Term Sheet that is delivered by
the Underwriter to the Company in accordance with the provisions of
Section 9 to be filed with the Commission on a Current Report on the
business day immediately following the day on which such Collateral
Term Sheet is delivered to counsel for the Company by the Underwriter
prior to 10:30 a.m. In each case, the Company will promptly advise the
Underwriter when such Current Report has been so filed. Each such
Current Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement. Notwithstanding the
five preceding sentences, the Company shall have no obligation to file
any materials provided by the Underwriter pursuant to Sections 8 and 9
which, in the reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not required
to be filed pursuant to the Kidder Letters or the PSA Letter (each as
defined in Section 8 below), or which contain erroneous information or
contain any untrue statement of a material fact or, when read in
conjunction with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or necessary to
make the statements therein not misleading; it being understood,
however, that the Company shall have no obligation to review or pass
upon the accuracy or adequacy of, or to correct, any Computational
Materials, Structural Term Sheets or Collateral Term Sheets provided
by the Underwriter to the Company pursuant to Section 8 or Section 9
hereof.
(c) If, at any time when a prospectus relating to the Offered
Certificates of a Series is required to be delivered under the Act,
any event occurs as a result of which the related Prospectus as then
amended or supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary to make the
statements therein in light of the circumstances under which they were
made not misleading, or if it shall be necessary at any time to amend
or supplement the related Prospectus to comply with the Act or the
rules thereunder, the Company promptly will prepare and file with the
Commission, subject to paragraph (a) of this Section 5, an amendment
or supplement which will correct such statement or omission or an
amendment which will effect such compliance; provided, however, that
the Company will not be required to file any such amendment or
supplement with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by reference in the
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are furnished
to the Company by the Underwriter pursuant to Section 8(e) hereof or
any amendments or supplements of such Collateral Term Sheets that are
furnished to the Company by the Underwriter pursuant to Section 9(d)
hereof which the Company determines to file in accordance therewith.
(d) The Company will furnish to the Underwriter and counsel for
the Underwriter, without charge, as many signed copies of the related
Registration Statement (including exhibits thereto) and, so long as
delivery of a prospectus by the Underwriter or dealer may be required
by the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related Current
Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information, execute such
instruments and take such actions as may be reasonably requested by
the Underwriter to qualify the Offered Certificates of a Series for
sale under the laws of such jurisdictions as the Underwriter may
designate, to maintain such qualifications in effect so long as
required for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for purchase by
institutional investors; provided, however, that the Company shall not
be required to qualify to do business in any jurisdiction where it is
not qualified on the date of the related Terms Agreement or to take
any action which would subject it to general or unlimited service of
process in any jurisdiction in which it is not, on the date of the
related Terms Agreement, subject to such service of process.
(f) So long as the Offered Certificates of a Series are
outstanding, the Company will furnish to the Underwriter copies of the
annual independent public accountants' servicing report furnished to
the Trustee pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated hereby and by
the related Terms Agreement shall be consummated, the Company shall be
responsible for the payment of any costs and expenses for which
details are submitted, in connection with the performance of its
obligations under this Agreement and the related Terms Agreement,
including, without limitation, (a) the cost and expenses of printing
or otherwise reproducing the related Registration Statement or
Prospectus, this Agreement, the related Terms Agreement, the related
Pooling and Servicing Agreement and the Offered Certificates, and (b)
the cost of delivering the related Offered Certificates to the office
of the Underwriter, insured to the satisfaction of the Underwriter (it
being understood that, except as provided in this paragraph (f) and in
Section 7 hereof, the Underwriter will pay all its own costs and
expenses, including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered Certificates by
it, advertising expenses connected with any offers that it may make,
the fees of KPMG Peat Marwick with respect to its letters furnished
pursuant to Section 6(i) of the Agreement and any letter furnished
pursuant to the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with respect to
their letter furnished pursuant to Section 8(c) of the Agreement and
any other costs and expenses specified in the related Terms Agreement
as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter. The obligations
of the Underwriter to purchase the Offered Certificates of any Series shall
be subject to the accuracy in all material respects of the representations
and warranties on the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective dates
thereof and the related Closing Date, to the accuracy of the statements of
the Company made in any applicable officers' certificates pursuant to the
provisions hereof, to the performance by the Company of its obligations
under this Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate Offering:
(a) No stop order suspending the effectiveness of the related
Registration Statement shall have been issued and no proceedings for
that purpose shall have been instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel for the Company,
shall have furnished to the Underwriter an opinion, dated the related
Closing Date, to the effect that:
(i) this Agreement and the related Terms Agreement have been
duly authorized, executed and delivered by the Company;
(ii) the related Pooling and Servicing Agreement has been
duly authorized, executed and delivered by the Company and is a
legal, valid and binding agreement of the Company enforceable
against the Company in accordance with its terms;
(iii) the issuance of the Certificates of the related Series
and sale of the related Offered Certificates has been duly
authorized by the Company and the Certificates of such Series,
when duly countersigned by the Trustee in accordance with the
related Pooling and Servicing Agreement, will be validly issued
and outstanding and entitled to the benefits of such Pooling and
Servicing Agreement;
(iv) the related Pooling and Servicing Agreement is not
required to be qualified under the Trust Indenture Act of 1939,
as amended, and the trust created thereunder is not required to
be registered under the Investment Company Act of 1940, as
amended;
(v) the related Registration Statement has become effective
under the Act, and, to the best of the knowledge of such counsel,
no stop order suspending the effectiveness of such Registration
Statement has been issued and no proceedings for that purpose
have been instituted or are pending or contemplated by the
Commission under the Act; such Registration Statement and the
related Prospectus, and each amendment or supplement thereto
(except the financial statements and schedules and other
financial and statistical data included therein and the documents
incorporated by reference therein) applicable to the related
Offered Certificates and the obligations of the Company relating
thereto, as of their respective effective or issue dates,
appeared on their face to be appropriately responsive in all
material respects to the requirements of the Act and the rules
and regulations thereunder; and no information has come to the
attention of such counsel that causes it to believe that (A) such
Registration Statement (except any document incorporated by
reference therein), as of the date it became effective, or such
Registration Statement (except as aforesaid, and except the
financial statements and schedules and statistical data included
therein and the documents incorporated by reference therein) as
of the date the most recent post-effective amendment thereto, if
any, became effective, contained any untrue statement of a
material fact or omitted to state any material fact required to
be stated therein or necessary to make the statements therein not
misleading or (B) such Prospectus (except any document
incorporated by reference therein) or any amendment or supplement
thereto (except as aforesaid, and except the financial statements
and schedules and statistical data included therein and the
documents incorporated by reference therein), as of their
respective issue dates or at the related Closing Date, contained
or contains any untrue statement of a material fact or omitted or
omits to state any material fact necessary in order to make the
statements therein, in light of the circumstances under which
they were made, not misleading;
(vi) the statements set forth under the heading "Description
of the Certificates" in the related Prospectus, insofar as such
statements purport to summarize certain provisions of the related
Pooling and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such provisions;
(vii) the statements in the related Prospectus under the
headings "Certain Legal Aspects of the Mortgage Loans and
Contracts -- The Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to the
purchase, ownership and disposition of the related Offered
Certificates) and "ERISA Considerations" (insofar as they relate
specifically to the purchase, ownership and disposition of such
Offered Certificates), to the extent that they constitute matters
of law or legal conclusions, provide a fair summary of such law
or conclusions;
(viii) assuming compliance with the provisions of the
related Pooling and Servicing Agreement, for federal income tax
purposes, (A) if any election is made to treat the assets of the
Trust Fund as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant to Section
860D of the Internal Revenue Code of 1986, as amended (the
"Code"), each Class of Certificates of the related Series, other
than the related Residual Class or Classes, will constitute a
class of "regular interests" in the related REMIC within the
meaning of the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of Residual
Certificates will constitute the "residual interest" in the
related REMIC within the meaning of the Code; (B) if no such
REMIC election is made: the Trust Fund will be treated as a
"grantor trust"; and
(ix) assuming that some or all of the Offered Certificates
of the related Series shall be rated at the time of issuance in
one of the two highest rating categories by a nationally
recognized statistical rating organization, each Offered
Certificate so rated will be at the time of issuance, a "mortgage
related security" as such term is defined in Section 3(a)(41) of
the Exchange Act.
Such opinion may express its reliance as to factual matters on the
representations and warranties made by, and on certificates or other
documents furnished by, officers of the parties to this Agreement, the
related Terms Agreement or the related Pooling and Servicing
Agreement. Such opinion may assume the due authorization, execution
and delivery of the instruments and documents referred to therein by
the parties thereto other than the Company. Such opinion may be
qualified, insofar as it concerns the enforceability of the documents
referred to therein, to the extent that such enforceability may be
limited by bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in general and by
general equity principles (regardless of whether such enforcement is
considered in a proceeding in equity or at law). Such opinion may be
further qualified as expressing no opinion as to (x) the statements in
the related Prospectus under the heading "Certain Legal Aspects of the
Mortgage Loans and Contracts -- The Mortgage Loans" except insofar as
such statements relate to the laws of the State of New York and the
laws of the United States, and (y) the statements in such Prospectus
under the headings "ERISA Considerations" and "Certain Federal Income
Tax Consequences" except insofar as such statements relate to the laws
of the United States. In addition, such opinion may be qualified as an
opinion only on the laws of the State of New York and the laws of the
United States.
(c) The General Counsel for the Company shall have furnished to
the Underwriter an opinion, dated the related Closing Date, to the
effect that:
(i) The Company has been duly incorporated and is validly
existing as a corporation in good standing under the laws of the
State of New Jersey, with corporate power to own its properties,
to conduct its business as described in the related Prospectus
and to enter into and perform its obligations under this
Agreement, the related Terms Agreement, the related Pooling and
Servicing Agreement and the Certificates of the related Series;
(ii) The Company has full power and authority to sell and
service the related Mortgage Loans as contemplated herein and in
the related Pooling and Servicing Agreement;
(iii) No consent, approval, authorization or order of any
court or governmental agency or body is required for the
consummation by the Company of the transactions contemplated
herein or in the related Pooling and Servicing Agreement, except
such as may be required under the blue sky laws of any
jurisdiction and such other approvals as have been obtained;
(iv) Neither the issuance of the Certificates of the related
Series nor delivery of the related Offered Certificates, nor the
consummation of any other of the transactions contemplated in
this Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment of the terms
of the related Certificates, the related Pooling and Servicing
Agreement, this Agreement or the related Terms Agreement will
conflict with or violate any term or provision of the articles of
incorporation or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court, regulatory
body, administrative agency or governmental body having
jurisdiction over the Company and will not conflict with, result
in a breach or violation or the acceleration of or constitute a
default under the terms of any indenture or other agreement or
instrument known to such counsel to which the Company is a party
or by which it is bound; and
(v) There are no actions, proceedings or investigations
pending or, to the best knowledge of such counsel, threatened
before any court, administrative agency or other tribunal (i)
asserting the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement or the
related Certificates, (ii) seeking to prevent the issuance of the
Certificates of the related Series or the consummation by the
Company of any of the transactions contemplated by this
Agreement, such Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and adversely affect
the performance by the Company of its obligations under, or the
validity or enforceability of, this Agreement, such Terms
Agreement, such Pooling and Servicing Agreement or the related
Certificates.
In rendering her opinion such counsel may rely as to matters of fact,
to the extent deemed proper and as stated therein, on certificates of
responsible officers of the Company or public officials. In addition,
such opinion may be qualified as an opinion only on the laws of the
State of New Jersey.
(d) The Underwriter shall have received from Brown & Wood,
counsel for the Underwriter, such opinion or opinions, dated the
related Closing Date, with respect to the issuance and sale of the
Certificates of the related Series, the related Registration
Statement, the related Prospectus and such other related matters as
the Underwriter may reasonably require, and the Company shall have
furnished to such counsel such documents as the Underwriter may
reasonably request for the purpose of enabling them to pass upon such
matters.
(e) The Company shall have furnished to the Underwriter a
certificate of the Company, signed by the President or any Vice
President and the Senior Vice President-Finance or the principal
financial or accounting officer of the Company, dated the related
Closing Date, to the effect that the signers of such certificate have
carefully examined the related Registration Statement (excluding any
Current Reports and any other documents incorporated by reference
therein), the related Prospectus, the Detailed Description referred to
in such Prospectus (excluding any related Current Report), this
Agreement and the related Terms Agreement and that:
(i) the representations and warranties of the Company in
this Agreement are true and correct in all material respects on
and as of the related Closing Date with the same effect as if
made on such Closing Date, and the Company has complied with all
the agreements and satisfied all the conditions on its part to be
performed or satisfied at or prior to such Closing Date;
(ii) no stop order suspending the effectiveness of such
Registration Statement has been issued and no proceedings for
that purpose have been instituted or, to their knowledge,
threatened; and
(iii) nothing has come to their attention that would lead
them to believe that such Registration Statement (excluding any
Current Report) contains any untrue statement of a material fact
or omits to state any material fact required to be stated therein
or necessary to make the statements therein not misleading, that
the related Prospectus (excluding any related Current Report)
contains any untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary
to make the statements therein, in the light of the circumstances
under which they were made, not misleading, or that the Detailed
Description referred to in such Prospectus includes any untrue
statement of a material fact or omits to state any information
which the Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee, shall have
furnished to the Underwriter an opinion, dated the related Closing
Date, to the effect that:
(i) the Trustee has been duly incorporated and is validly
existing as a corporation in good standing under the laws of the
Commonwealth of Massachusetts with corporate power to own its
properties and conduct its business as presently conducted by it,
to conduct business as a trustee and to enter into and perform
its obligations under the related Pooling and Servicing
Agreement;
(ii) the related Pooling and Servicing Agreement has been
duly authorized, executed and delivered by the Trustee and
constitutes the legal, valid and binding agreement of the Trustee
enforceable against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent conveyance,
reorganization or other similar laws affecting the enforcement of
creditors' rights generally and to judicial discretion, and
general principles of equity (regardless of whether enforcement
is sought in a proceeding in equity or at law);
(iii) the Trustee has duly accepted its appointment as
trustee under the related Pooling and Servicing Agreement;
(iv) no consent, approval, authorization or order of any
Massachusetts or federal court or government agency or body is
required on the part of the Trustee for the consummation of the
transactions contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any federal or
state securities law; and
(v) the performance on the part of the Trustee of any of the
transactions contemplated in the related Pooling and Servicing
Agreement does not conflict with or result in a breach or
violation of any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or By-Laws of
the Trustee, or any Massachusetts or federal statute or
regulation applicable to the Trustee, or to such counsel's
knowledge, any indenture or other agreement or instrument to
which the Trustee is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal court,
regulatory body, administrative agency or governmental body
having jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter such
opinions as to the treatment of the Trust Fund for purposes of
Massachusetts tax law as are reasonably satisfactory to the
Underwriter.
(g) KPMG Peat Marwick shall have furnished to the Underwriter a
letter, dated as of the date of the related Terms Agreement, in form
and substance satisfactory to the Underwriter, stating in effect that
they have performed certain specified procedures as a result of which
they have determined that such information as the Underwriter may
reasonably request of an accounting, financial or statistical nature
(which is limited to accounting, financial or statistical information
derived from the general accounting records of the Company) set forth
in the related Prospectus Supplement under the caption "Delinquency
and Foreclosure Experience of the Company" agrees with the accounting
records of the Company, excluding any questions of legal
interpretation.
(h) KPMG Peat Marwick shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, in form and substance
satisfactory to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which they have
determined that such information as the Underwriter may reasonably
request of an accounting, financial or statistical nature (which is
limited to accounting, financial or statistical information derived
from the general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans included
in the related pool) set forth in the related Prospectus Supplement
under the caption "Description of the Mortgage Pool and the Mortgaged
Properties" or "Description of the Mortgage Pools and the Mortgaged
Properties", as the case may be, and in the Detailed Description
relating to such Prospectus Supplement is mutually consistent and
agrees with the accounting records of the Company and, where
applicable, the related Mortgage Loan files of the Company, excluding
any questions of legal interpretation. In addition, if applicable,
such accountants shall have furnished to the Underwriter a letter,
dated as of the related Closing Date, which shall include a statement
or statements to the effect that based upon the assumptions and
methodology agreed to by the Company (and which is consistent with the
manner in which any final PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the related
Prospectus), all of which shall be described by reference in such
letter, such accountants shall have verified the mathematical accuracy
of any final PAC Balances Table, TAC Balances Table, Scheduled
Balances Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the related Pooling
and Servicing Agreement.
(i) KPMG Peat Marwick shall have furnished to the Underwriter and
the Company a letter or letters, dated as of the date of the related
Terms Agreement, in form and substance satisfactory to the Underwriter
and the Company, including, without limitation, statements, if
applicable, to the effect that:
(i) based upon the assumptions and methodology set forth in
the related Prospectus, all of which shall be described by
reference in such letter, they recomputed the percentages of
initial principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus) indicated and
the weighted average lives of each Class of Offered Certificates
at each of the indicated percentages of the applicable Prepayment
Assumption, and they compared the recomputed percentages and
weighted average lives to the corresponding percentages and
weighted average lives set forth in the related tables and found
them to be in agreement;
(ii) based upon the assumptions and methodology set forth in
such Prospectus, all of which shall be described by reference in
such letter, they have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered Certificates,
PAC Balances, TAC Balances, Scheduled Balances, Maximum and
Minimum Scheduled Balances or any other scheduled balances set
forth in such Prospectus for each indicated Distribution Date,
and have verified the mathematical accuracy of any initial
Effective Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such Prospectus; and
(iii) based upon the assumptions and methodology set forth
in such Prospectus, all of which shall be described by reference
in such letter, they have verified the mathematical accuracy of
the pre-tax yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such pre-tax yields
and, if applicable, aggregate cash flows are set forth in such
Prospectus at the indicated percentages of the Prepayment
Assumption and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related Series shall have
received the ratings specified in the related Terms Agreement (the
"Required Ratings").
(k) Prior to the related Closing Date, the Company shall have
furnished to the Underwriter such further information, certificates
and documents as the Underwriter may reasonably request.
(l) If any Certificates of the related Series are to be sold to
any other underwriter and/or offered in reliance upon an exemption
from the registration requirements of the Act, the sale at or prior to
the related Closing Date of such Certificates to the purchaser thereof
shall have occurred.
(m) Subsequent to the date of the related Terms Agreement, there
shall not have been any change, or any development involving a
prospective change, in or affecting the business or properties of the
Company which the Underwriter concludes in its judgment, after
consultation with the Company, materially impairs the investment
quality of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the public offering
or the delivery of such Offered Certificates as contemplated by the
related Prospectus.
If any of the conditions specified in this Section 6 shall not have
been fulfilled in all material respects with respect to the particular
Offered Certificates of a Series when and as provided in this Agreement and
the related Terms Agreement, or if any of the opinions and certificates
mentioned above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably satisfactory in
form and substance to the Underwriter and its counsel, this Agreement (with
respect to the related Offered Certificates) and the related Terms
Agreement and all obligations of the Underwriter hereunder (with respect to
the related Offered Certificates) and thereunder may be canceled at, or at
any time prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by telephone
or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company agrees to
indemnify and hold harmless the Underwriter and each person who controls
the Underwriter within the meaning of the Act or the Exchange Act against
any and all losses, claims, damages or liabilities, joint or several, to
which they or any of them may become subject under the Act, the Exchange
Act, or other Federal or state statutory law or regulation, at common law
or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in the
Registration Statement relating to the Offered Certificates of the
applicable Series as it became effective or in any amendment or supplement
thereof, or in such Registration Statement or the related Prospectus, or in
any amendment thereof, or in the Detailed Description referred to in such
Prospectus or arise out of or are based upon the omission or alleged
omission (in the case of any Computational Materials and ABS Term Sheets in
respect of which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related Prospectus
and Prospectus Supplement) to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading,
and agrees to reimburse each such indemnified party for any legal or other
expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case to the
extent that any such loss, claim, damage or liability arises out of or is
based upon any such untrue statement or alleged untrue statement or
omission or alleged omission made therein (A) in reliance upon and in
conformity with written information furnished to the Company as herein
stated by or on behalf of the Underwriter specifically for use in
connection with the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any untrue
statement or alleged untrue statement therein or omission therefrom results
(or is alleged to have resulted) directly from an error (a "Mortgage Pool
Error") in the information concerning the characteristics of the Mortgage
Loans furnished by the Company to the Underwriter in writing or by
electronic transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (as defined in Section 9 below)
(or amendments or supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic materials
furnished to prospective investors on which the Computational Materials (or
amendments or supplements) were based, (ii) such indemnity with respect to
any Corrected Statement (as defined below) in such Prospectus (or
supplement thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person asserting any
loss, claim, damage or liability purchased the Certificates of the related
Series that are the subject thereof if such person did not receive a copy
of a supplement to such Prospectus at or prior to the confirmation of the
sale of such Certificates and the untrue statement or omission of a
material fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and such
supplement was furnished by the Company to the Underwriter prior to the
delivery of such confirmation, and (iii) such indemnity with respect to any
Mortgage Pool Error shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person asserting any
loss, claim, damage or liability received any Computational Materials or
ABS Term Sheets (or any written or electronic materials on which the
Computational Materials are based) that were prepared on the basis of such
Mortgage Pool Error, if, prior to the time of confirmation of the sale of
the applicable Certificates to such person, the Company notified the
Underwriter in writing of the Mortgage Pool Error or provided in written or
electronic form information superseding or correcting such Mortgage Pool
Error (in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to such
person corrected Computational Materials (or underlying written or
electronic materials) or ABS Term Sheets. This indemnity agreement will be
in addition to any liability which the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold harmless the
Company, each of its directors, each of its officers who signs the
Registration Statement relating to the Offered Certificates of the
applicable Series, and each person who controls the Company within the
meaning of the Act or the Exchange Act to the same extent as the
foregoing indemnities from the Company to the Underwriter, but only
with reference to (A) written information furnished to the Company by
or on behalf of the Underwriter specifically for use in the
preparation of the documents referred to in the foregoing indemnity
with respect to the related Series, or (B) any Computational Materials
or ABS Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and incorporated
by reference in such Registration Statement or the related Prospectus
or any amendment or supplement thereof (except that no such indemnity
shall be available for any losses, claims, damages or liabilities, or
actions in respect thereof, resulting from any Mortgage Pool Error,
other than a Corrected Mortgage Pool Error). This indemnity agreement
will be in addition to any liability which the Underwriter may
otherwise have. The Company acknowledges that the statements set forth
in the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement as
such statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements relate
to such Offered Certificates constitute the only information furnished
in writing by or on behalf of the Underwriter for inclusion in the
related Prospectus (other than any Computational Materials or ABS Term
Sheets (or amendments or supplements thereof) furnished to the Company
by the Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party under Section
7 of notice of the commencement of any action, such indemnified party
will, if a claim in respect thereof is to be made against the
indemnifying party under this Section 7, notify the indemnifying party
in writing of the commencement thereof; but the omission so to notify
the indemnifying party will not relieve it from any liability which it
may have to any indemnified party otherwise than under this Section 7.
In case any such action is brought against any indemnified party, and
it notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and to the
extent that it may elect by written notice delivered to the
indemnified party promptly after receiving the aforesaid notice from
such indemnified party, to assume the defense thereof, with counsel
satisfactory to such indemnified party; provided, however, that if the
defendants in any such action include both the indemnified party and
the indemnifying party and the indemnified party shall have reasonably
concluded that there may be legal defenses available to it and/or
other indemnified parties which are different from or additional to
those available to the indemnifying party, the indemnified party or
parties shall have the right to select separate counsel to assert such
legal defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon receipt of
notice from the indemnifying party to such indemnified party of its
election so to assume the defense of such action and approval by the
indemnified party of counsel, the indemnifying party will not be
liable to such indemnified party under this Section 7 for any legal or
other expenses subsequently incurred by such indemnified party in
connection with the defense thereof unless (i) the indemnified party
shall have employed separate counsel in connection with the assertion
of legal defenses in accordance with the proviso to the next preceding
sentence (it being understood, however, that the indemnifying party
shall not be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a) or
(b), representing the indemnified parties under subparagraph (a) or
(b), who are parties to such action), (ii) the indemnifying party
shall not have employed counsel satisfactory to the indemnified party
to represent the indemnified party within a reasonable time after
notice of commencement of the action or (iii) the indemnifying party
has authorized the employment of counsel for the indemnified party at
the expense of the indemnifying party; and except that, if clause (i)
or (iii) is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph (a) or (b)
of this Section 7 is due in accordance with its terms but is for any
reason held by a court to be unavailable from the Company or the
Underwriter, on grounds of policy or otherwise, or if the indemnified
party failed to give notice under paragraph (c) of this Section 7 in
respect of a claim otherwise subject to indemnification in accordance
with paragraph (a) or (b) of this Section 7, the Company and the
Underwriter shall contribute to the aggregate losses, claims, damages
and liabilities (including legal and other expenses reasonably
incurred in connection with investigating or defending same) to which
the Company and the Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not arise
out of or are not based upon any untrue statement or omission of
a material fact in any Computational Materials or ABS Term Sheets
(or any amendments or supplements thereof), in such proportion so
that the Underwriter is responsible for that portion represented
by the difference between the proceeds to the Company in respect
of the Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however, that
in no case shall the Underwriter be responsible under this
subparagraph (i) for any amount in excess of such Underwriting
Discount applicable to the Offered Certificates purchased by the
Underwriter pursuant to this Agreement and the related Terms
Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out of or
are based upon any untrue statement or omission of a material
fact in any Computational Materials or ABS Term Sheets (or any
amendments or supplements thereof) or in any written or
electronic materials on which the Computational Materials are
based, in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the Underwriter
on the other in connection with the statements or omissions which
resulted in such losses, claims, damages or liabilities (or
actions in respect thereof) as well as any other relevant
equitable considerations. The relative fault shall be determined
by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact in such Computational
Materials or ABS Term Sheets (or any amendments or supplements
thereof or such written or electronic materials) results from
information prepared by the Company on the one hand or the
Underwriter on the other and the parties' relative intent,
knowledge, access to information and opportunity to correct or
prevent such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Act) shall be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation. For
purposes of this Section 7, each person who controls the Underwriter
within the meaning of either the Act or the Exchange Act shall have
the same rights to contribution as the Underwriter, and each person
who controls the Company within the meaning of either the Act or the
Exchange Act, each officer of the Company who shall have signed the
Registration Statement and each director of the Company shall have the
same rights to contribution as the Company, subject in each case to
the immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets. (a) Not later
than 10:30 a.m., New York time, on the business day before the date on
which the Current Report relating to the Offered Certificates of a Series
is required to be filed by the Company with the Commission pursuant to
Section 5(b) hereof, the Underwriter shall deliver to the Company five
complete copies of all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i) "Computational
Materials" within the meaning of the no-action letter dated May 20, 1994
issued by the Division of Corporation Finance of the Commission to Kidder,
Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and
Kidder Structured Asset Corporation and the no-action letter dated May 27,
1994 issued by the Division of Corporation Finance of the Commission to the
Public Securities Association (together, the "Kidder Letters"), the filing
of which material is a condition of the relief granted in such letter (such
materials being the "Computational Materials"), and (ii) "Structural Term
Sheets" within the meaning of the no-action letter dated February 17, 1995
issued by the Division of Corporation Finance of the Commission to the
Public Securities Association (the "PSA Letter"), the filing of which
material is a condition of the relief granted in such letter (such
materials being the "Structural Term Sheets"). Each delivery of
Computational Materials and Structural Term Sheets to the Company pursuant
to this paragraph (a) shall be effected by delivering four copies of such
materials to counsel for the Company on behalf of the Company at the
address specified in Section 3 hereof and one copy of such materials to the
Company.
(b) The Underwriter represents and warrants to and agrees with
the Company, as of the date of the related Terms Agreement and as of
the Closing Date, that:
(i) the Computational Materials furnished to the Company
pursuant to Section 8(a) constitute (either in original,
aggregated or consolidated form) all of the materials furnished
to prospective investors by the Underwriter prior to the time of
delivery thereof to the Company that are required to be filed
with the Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters, and such
Computational Materials comply with the requirements of the
Kidder Letters;
(ii) the Structural Term Sheets furnished to the Company
pursuant to Section 8(a) constitute all of the materials
furnished to prospective investors by the Underwriter prior to
the time of delivery thereof to the Company that are required to
be filed with the Commission as "Structural Term Sheets" with
respect to the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply with the
requirements of the PSA Letter;
(iii) on the date any such Computational Materials or
Structural Term Sheets with respect to such Offered Certificates
(or any written or electronic materials furnished to prospective
investors on which the Computational Materials are based) were
last furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 8(a) and on
the related Closing Date, such Computational Materials (or such
other materials) or Structural Term Sheets did not and will not
include any untrue statement of a material fact or, when read in
conjunction with the related Prospectus and Prospectus
Supplement, omit to state a material fact required to be stated
therein or necessary to make the statements therein not
misleading;
(iv) the Underwriter has not represented to any prospective
investor that any Computational Materials or Structural Term
Sheets with respect to any Series were prepared or disseminated
on behalf of the Company, and, except as otherwise disclosed by
the Underwriter to the Company in writing prior to the date
hereof, all Computational Materials and Structural Term Sheets
furnished to prospective investors (and all written and
electronic materials furnished to prospective investors on which
the Computational Materials are based) included a disclaimer to
the effect set forth in Section 8(d); and
(v) at the time any Computational Materials (or any written
or electronic materials furnished to prospective investors on
which the Computational Materials are based) with respect to such
Offered Certificates were furnished to a prospective investor and
on the date of the related Terms Agreement, the Underwriter
possessed, and on the date of delivery of such materials to the
Company pursuant to this Section 8 and on the related Closing
Date, the Underwriter will possess, the capability, knowledge,
expertise, resources and systems of internal control necessary to
ensure that such Computational Materials conform to the
representations and warranties of the Underwriter contained in
subparagraphs (i) and (iii) above of this paragraph (b).
Notwithstanding the foregoing, the Underwriter makes no representation
or warranty as to whether any Computational Materials or Structural
Term Sheets (or any written or electronic materials on which the
Computational Materials are based) included or will include any untrue
statement resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to materials prepared
after the receipt by the Underwriter from the Company of notice of
such Corrected Mortgage Pool Error or materials superseding or
correcting such Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public accountants to
furnish to the Company a letter, dated as of the date on which the
Underwriter delivers any Computational Materials (which term shall be
deemed to include, for purposes of this paragraph (c), calculated
statistical information delivered to prospective investors in the form
of a Structural Term Sheet) to the Company pursuant to Section 8(a),
in form and substance satisfactory to the Company, stating in effect
that they have verified the mathematical accuracy of any calculations
performed by the Underwriter and set forth in such Computational
Materials.
(d) The Underwriter acknowledges and agrees that the Company has
not authorized and will not authorize the distribution of any
Computational Materials (or any written or electronic materials on
which the Computational Materials are based) or Structural Term Sheets
to any prospective investor, and agrees that any Computational
Materials or Structural Term Sheets with respect to any Series of
Certificates furnished to prospective investors from and after the
date hereof shall include a disclaimer in form satisfactory to the
Company to the effect that such materials have been prepared and
disseminated solely by and on behalf of the Underwriter, and that the
Company has not reviewed or participated in the preparation or
dissemination of such materials and is not responsible for the
contents or accuracy thereof. The Underwriter agrees that it will not
represent to prospective investors that any Computational Materials or
Structural Term Sheets were prepared or disseminated on behalf of the
Company.
(e) If, at any time when a prospectus relating to the Offered
Certificates of a Series is required to be delivered under the Act, it
shall be necessary to amend or supplement the related Prospectus as a
result of an untrue statement of a material fact contained in any
Computational Materials or Structural Term Sheets provided by the
Underwriter pursuant to this Section 8 or the omission to state
therein a material fact required, when considered in conjunction with
the related Prospectus and Prospectus Supplement, to be stated therein
or necessary to make the statements therein, when read in conjunction
with the related Prospectus and Prospectus Supplement, not misleading,
or if it shall be necessary to amend or supplement any Current Report
relating to any Computational Materials or Structural Term Sheets to
comply with the Act or the rules thereunder, the Underwriter promptly
will prepare and furnish to the Company for filing with the Commission
an amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the date of
delivery of such amendment or supplement to the Company, that such
amendment or supplement will not include any untrue statement of a
material fact or, when read in conjunction with the related Prospectus
and Prospectus Supplement, omit to state a material fact required to
be stated therein or necessary to make the statements therein not
misleading. The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a material
fact or, when read in conjunction with the related Prospectus and
Prospectus Supplement, omits to state a material fact required to be
stated therein or necessary to make the statements therein not
misleading; it being understood, however, that the Company shall have
no obligation to review or pass upon the accuracy or adequacy of, or
to correct, any such amendment or supplement provided by the
Underwriter to the Company pursuant to this paragraph (e) or (ii) such
filing is not required under the Act.
9. Collateral Term Sheets. (a) Prior to the delivery of any
"Collateral Term Sheet" within the meaning of the PSA Letter, the filing of
which material is a condition of the relief granted in such letter (such
material being the "Collateral Term Sheets"), to a prospective investor in
any Offered Certificates, the Underwriter shall, in order to facilitate the
timely filing of such material with the Commission, notify the Company and
its counsel by telephone of its intention to deliver such materials and the
approximate date on which the first such delivery of such materials is
expected to occur. Not later than 10:30 a.m., New York time, on the
business day immediately following the date on which any Collateral Term
Sheet was first delivered to a prospective investor in such Offered
Certificates, the Underwriter shall deliver to the Company five complete
copies of all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute "Collateral Term
Sheets." Each delivery of a Collateral Term Sheet to the Company pursuant
to this paragraph (a) shall be effected by delivering four copies of such
materials to counsel for the Company on behalf of the Company at the
address specified in Section 3 hereof and one copy of such materials to the
Company. (Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each such
delivery, the Underwriter shall indicate in writing that the materials
being delivered constitute Collateral Term Sheets, and, if there has been
any prior such delivery with respect to the related Series, shall indicate
whether such materials differ in any material respect from any Collateral
Term Sheets previously delivered to the Company with respect to such Series
pursuant to this Section 9(a) as a result of the occurrence of a material
change in the characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and agrees with
the Company as of the date of the related Terms Agreement and as of
the Closing Date, that:
(i) The Collateral Term Sheets furnished to the Company
pursuant to Section 9(a) constitute all of the materials
furnished to prospective investors by the Underwriter prior to
time of delivery thereof to the Company that are required to be
filed with the Commission as "Collateral Term Sheets" with
respect to the related Offered Certificates in accordance with
the PSA Letter, and such Collateral Term Sheets comply with the
requirements of the PSA Letter;
(ii) On the date any such Collateral Term Sheets with
respect to such Offered Certificates were last furnished to each
prospective investor and on the date of delivery thereof to the
Company pursuant to Section 9(a) and on the related Closing Date,
such Collateral Term Sheets did not and will not include any
untrue statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; and
(iii) the Underwriter has not represented to any prospective
investor that any Collateral Term Sheets with respect to any
Series were prepared or disseminated on behalf of the Company,
and, except as otherwise disclosed by the Underwriter to the
Company in writing prior to the date hereof, all Collateral Term
Sheets previously furnished to prospective investors included a
disclaimer to the effect set forth in Section 8(d).
Notwithstanding the foregoing, the Underwriter makes no representation
or warranty as to whether any Collateral Term Sheet included or will
include any untrue statement or material omission resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage Pool
Error or materials superseding or correcting such Corrected Mortgage
Pool Error).
(c) The Underwriter acknowledges and agrees that any Collateral
Term Sheets with respect to any Series of Certificates furnished to
prospective investors from and after the date hereof shall include a
disclaimer in form satisfactory to the Company to the effect set forth
in Section 8(d) hereof, and to the effect that the information
contained in such materials supersedes the information contained in
any prior Collateral Term Sheet with respect to such Series of Offered
Certificates and will be superseded by the description of the related
Mortgage Loans in the related Prospectus Supplement and in the
Detailed Description relating to such Prospectus Supplement to be
filed under cover of Form 8-K. The Underwriter agrees that it will not
represent to prosective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the Offered
Certificates of a Series is required to be delivered under the Act, it
shall be necessary to amend or supplement the related Prospectus as a
result of an untrue statement of a material fact contained in any
Collateral Term Sheets provided by the Underwriter pursuant to this
Section 9 or the omission to state therein a material fact required,
when considered in conjunction with the related Prospectus and
Prospectus Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it shall
be necessary to amend or supplement any Current Report relating to any
Collateral Term Sheets to comply with the Act or the rules thereunder,
the Underwriter promptly will prepare and furnish to the Company for
filing with the Commission an amendment or supplement which will
correct such statement or omission or an amendment which will effect
such compliance. The Underwriter represents and warrants to the
Company, as of the date of delivery of such amendment or supplement to
the Company, that such amendment or supplement will not include any
untrue statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make the
statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any untrue
statement of a material fact or, when read in conjunction with the
related Prospectus and Prospectus Supplement, omits to state a
material fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however, that
the Company shall have no obligation to review or pass upon the
accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to this
paragraph (d) or (ii) such filing is not required under the Act.
10. Termination. This Agreement (with respect to a particular
Certificate Offering) and the related Terms Agreement shall be subject to
termination in the absolute discretion of the Underwriter, by notice given
to the Company prior to delivery of and payment for the related Offered
Certificates, if prior to the related Closing Date (i) trading in
securities generally on the New York Stock Exchange shall have been
suspended or materially limited, (ii) a general moratorium on commercial
banking activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred any
outbreak or material escalation of hostilities or other calamity or crisis
the effect of which on the financial markets of the United States is such
as to make it, in the reasonable judgment of the Underwriter, impracticable
to market such Offered Certificates.
11. Representations and Indemnities to Survive Delivery. The
agreements, representations, warranties, indemnities and other statements
of the Company or its officers and of the Underwriter set forth in or made
pursuant to this Agreement and the related Terms Agreement will remain in
full force and effect, regardless of any investigation made by or on behalf
of the Underwriter or the Company or any of the officers, directors or
controlling persons referred to in Section 7 hereof, and will survive
delivery of and payment for the related Offered Certificates. The
provisions of Section 7 hereof shall survive the termination or
cancellation of this Agreement and the related Terms Agreement.
12. Successors. This Agreement and the related Terms Agreement will
inure to the benefit of and be binding upon the parties hereto and thereto
and their respective successors and the officers, directors and controlling
persons referred to in Section 7 hereof, and their successors and assigns,
and no other person will have any right or obligation hereunder or
thereunder. No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED TERMS AGREEMENT
WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED
THEREIN.
14. Miscellaneous. This Agreement, as supplemented by the related
Terms Agreement, supersedes all prior and contemporaneous agreements and
understandings relating to the subject matter hereof. This Agreement and
the related Terms Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written agreement made by
the party against whom enforcement of the change, waiver, discharge or
termination is sought. The headings in this Agreement and the related Terms
Agreement are for purposes of reference only and shall not limit or
otherwise affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in writing and
effective only on receipt, and, if sent to the Underwriter, will be
delivered to it at the address first above written; or if sent to the
Company, will be delivered to GE Capital Mortgage Services, Inc., Three
Executive Campus, Post Office Box 5260, Cherry Hill, New Jersey 08002,
Attention: General Counsel.
<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.
PAINEWEBBER INCORPORATED
By: _____________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated April 24, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
PaineWebber Incorporated (the "Underwriter") agrees, subject to the terms
and provisions herein and of the captioned Underwriting Agreement (the
"Underwriting Agreement"), to purchase such Classes of Series ____-__
Certificates specified in Section 2(a) hereof (the "Offered Certificates"). This
letter supplements and modifies the Underwriting Agreement solely as it relates
to the purchase and sale of the Offered Certificates described below. The Series
____-__ Certificates are registered with the Securities and Exchange Commission
by means of an effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the Underwriting
Agreement.
Section 1. The Mortgage Pool: The Series ____-__ Certificates shall
evidence the entire beneficial ownership interest in a mortgage pool (the
"Mortgage Pool") of conventional, fixed rate, fully amortizing one- to
four-family residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $[ ] aggregate
principal balance as of the Cutoff Date, subject to [an upward or downward
variance of up to [ ]%, the precise aggregate principal balance to be
determined by the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than $[ ] or greater
than $[ ]].
(b) Original Terms to Maturity: The original term to maturity of each
Mortgage Loan included in the Mortgage Pool shall be between ___ and ___
years.
Section 2. The Certificates: The Offered Certificates shall be issued as
follows:
(a) Classes: The Offered Certificates shall be issued with the
following Class designations, interest rates and principal balances,
subject in the aggregate to the variance referred to in Section 1(a)[and,
as to any particular Class, to an upward or downward variance of up to [
]%]:
Class Principal Interest Class Purchase
Balance Rate Price Percentage
(b) The Offered Certificates shall have such other characteristics as
described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each Class of the Offered
Certificates shall be the Class Purchase Price Percentage therefor (as set forth
in Section 2(a) above) of the initial Class Certificates Principal Balance
thereof plus accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____ (the "Closing
Date").
Section 4. Required Ratings: The Offered Certificates shall have received
Required Ratings of at least [ ] from [ ].
Section 5. Tax Treatment: [One or more elections will be made to treat the
assets of the Trust Fund as a REMIC.] [The Trust Fund will be treated as a
"grantor trust" for federal income tax purposes.]
[Section 6. Additional Expenses:]*
- --------------
* to be inserted if applicable.
<PAGE>
If the foregoing is in accordance with your understanding of our agreement,
please sign and return to the undersigned a counterpart hereof, whereupon this
letter and your acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PAINEWEBBER INCORPORATED
By: ____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of the date first
above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By: ____________________________
Name:
Title:
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1999-3
TERMS AGREEMENT
(to Underwriting Agreement,
dated April 24, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus March 23, 1999
Cherry Hill, NJ 08002
PaineWebber Incorporated (the "Underwriter") agrees, subject to the terms
and provisions herein and of the captioned Underwriting Agreement (the
"Underwriting Agreement"), to purchase the Classes of Series 1999-3 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 1999-3 Certificates are registered with the Securities and Exchange
Commission by means of an effective Registration Statement (Nos. 333-68951 and
333-68951-01). Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1999-3 Certificates shall evidence
the entire beneficial ownership interest in a mortgage pool (the "Mortgage
Pool") of conventional, fixed-rate, first-lien, fully-amortizing, one- to
four-family residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of March 1, 1999 (the "Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $500,082,530.94
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 $475,000,000 or greater than $525,000,000.
(b) Original Terms to Maturity: The original term to maturity of
substantially all of the Mortgage Loans included in the Mortgage Pool shall be
between 20 and 30 years.
Section 2. The Certificates: The Offered Certificates shall be issued as
follows:
(a) Classes: The Offered Certificates shall be issued with the following
Class designations, interest rates and principal balances, subject in the
aggregate to the variance referred to in Section 1(a):
Class
Principal Interest Purchase Price
Class Balance Rate Percentage
- ----- ------- ---- ----------
Class M $9,251,500 6.50% 98.79912%
Class B1 3,750,600 6.50% 97.38164%
Class B2 2,250,300 6.50% 89.82471%
(b) The Offered Certificates shall have such other characteristics as
described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each Class of the Offered
Certificates shall be the Class Purchase Price Percentage therefor (as set forth
in Section 2(a) above) of the initial Class Certificate Principal Balance
thereof plus accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, March 25, 1999 (the
"Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and Class B2
Certificates shall have received Required Ratings of "AA," "A" and "BBB,"
respectively, from Fitch IBCA, Inc.
Section 5. Tax Treatment: One or more elections will be made to treat the
assets of the Trust Fund as a REMIC.
<PAGE>
If the foregoing is in accordance with your understanding of our agreement,
please sign and return to the undersigned a counterpart hereof, whereupon this
letter and your acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PAINEWEBBER INCORPORATED
By:________________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
Execution
===============================================================================
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
-----------------------
POOLING AND SERVICING AGREEMENT
Dated as of March 1, 1999
-----------------------
GE Capital Mortgage Services, Inc.
1999-3 Trust
===============================================================================
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....................................33
Section 2.02. Acceptance by Trustee...........................................36
Section 2.03. Representations and Warranties of the Company; Mortgage
Loan Repurchase.................................................38
Section 2.04. Execution of Certificates.......................................44
Section 2.05. Designations under the REMIC Provisions.........................44
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer......................................44
Section 3.02. Collection of Certain Mortgage Loan Payments; Mortgage
Loan Payment Record; Certificate Account........................48
Section 3.03. Collection of Taxes, Assessments and Other Items................51
Section 3.04. Permitted Debits to the Mortgage Loan Payment Record............51
Section 3.05. Maintenance of the Primary Insurance Policies...................52
Section 3.06. Maintenance of Hazard Insurance.................................53
Section 3.07. Assumption and Modification Agreements..........................54
Section 3.08. Realization Upon Defaulted Mortgage Loans.......................54
Section 3.09. Trustee to Cooperate; Release of Mortgage Files.................57
Section 3.10. Servicing Compensation; Payment of Certain Expenses
by the Company..................................................58
Section 3.11. Reports to the Trustee; Certificate Account Statements..........58
Section 3.12. Annual Statement as to Compliance...............................59
Section 3.13. Annual Independent Public Accountants' Servicing Report.........59
Section 3.14. Access to Certain Documentation and Information Regarding
the Mortgage Loans..............................................59
Section 3.15. Maintenance of Certain Servicing Policies.......................60
Section 3.16. Optional Purchase of Defaulted Mortgage Loans...................60
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions...................................................60
Section 4.02. Method of Distribution..........................................64
Section 4.03. Allocation of Losses............................................64
Section 4.04. Monthly Advances; Purchases of Defaulted Mortgage Loans.........66
Section 4.05. Statements to Certificateholders................................67
Section 4.06. Servicer's Certificate..........................................69
Section 4.07. Reports of Foreclosures and Abandonments of Mortgaged
Property........................................................69
Section 4.08. Reduction of Servicing Fees by Compensating Interest Payments...70
Section 4.09. Surety Bond.....................................................70
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates................................................70
Section 5.02. Registration of Transfer and Exchange of Certificates...........71
Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...............77
Section 5.04. Persons Deemed Owners...........................................77
Section 5.05. Access to List of Certificateholders' Names and Addresses.......77
Section 5.06. Representation of Certain Certificateholders....................78
Section 5.07. Determination of COFI...........................................78
Section 5.08. Determination of LIBOR..........................................78
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company........................................80
Section 6.02. Merger or Consolidation of, or Assumption of the Obligations
of, the Company.................................................80
Section 6.03. Assignment......................................................80
Section 6.04. Limitation on Liability of the Company and Others...............80
Section 6.05. The Company Not to Resign.......................................81
ARTICLE VII
DEFAULT
Section 7.01. Events of Default...............................................81
Section 7.02. Trustee to Act; Appointment of Successor........................83
Section 7.03. Notification to Certificateholders..............................83
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee...............................................84
Section 8.02. Certain Matters Affecting the Trustee...........................85
Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans...........86
Section 8.04. Trustee May Own Certificates....................................86
Section 8.05. The Company to Pay Trustee's Fees and Expenses..................86
Section 8.06. Eligibility Requirements for Trustee............................87
Section 8.07. Resignation or Removal of Trustee...............................87
Section 8.08. Successor Trustee...............................................88
Section 8.09. Merger or Consolidation of Trustee..............................88
Section 8.10. Appointment of Co-Trustee or Separate Trustee...................88
Section 8.11. Compliance with REMIC Provisions; Tax Returns...................90
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or Liquidation
of All Mortgage Loans...........................................90
Section 9.02. Additional Termination Requirements.............................91
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment......................................................92
Section 10.02. Recordation of Agreement.......................................93
Section 10.03. Limitation on Rights of Certificateholders.....................93
Section 10.04. Governing Law..................................................94
Section 10.05. Notices........................................................94
Section 10.06. Notices to the Rating Agencies.................................94
Section 10.07. Severability of Provisions.....................................95
Section 10.08. Certificates Nonassessable and Fully Paid......................95
<PAGE>
Exhibits
- --------
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative Loans)
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to ERISA Matters for
Definitive ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate Transferee Affidavit
EXHIBIT G Form of Residual Certificate Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for Definitive Restricted
Certificates
EXHIBIT J Form of Distribution Date Statement
EXHIBIT K Form of Special Servicing and Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and Agreement
EXHIBIT M Schedule of Designated Loans
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
EXHIBIT O Senior Principal Priorities
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of March 1, 1999, 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 Certificate: None.
Accretion Directed Component: None.
Accretion Termination Date: None.
Accrual Amount: As to any Class of Accrual Certificates and any Accrual
Component and each Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate Interest allocable to
such Class or Component pursuant to Section 4.01(a)(i) on such Distribution Date
and (y) any amount of Unpaid Class Interest Shortfall allocable to such Class or
Component pursuant to Section 4.01(a)(ii) on such Distribution Date, to the
extent that such amounts are distributed to any Accretion Directed Certificates
and any Accretion Directed Components pursuant to Section 4.01(e). As to any
Class of Accrual Certificates and any Accrual Component and each Distribution
Date after the related Accretion Termination Date, zero.
Accrual Certificates: None.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution Date and any Class of
Certificates (other than any Class of Principal Only Certificates and any Class
of Certificates consisting of Specified Components), interest accrued during the
related Interest Accrual Period at the applicable Certificate Interest Rate on
the Class Certificate Principal Balance (or, in the case of any Class of
Notional Certificates other than the Class S Certificates, on the aggregate
Notional Principal Balance) thereof immediately prior to (or, in the case of the
Class S Certificates, on the aggregate Notional Principal Balance thereof with
respect to) such Distribution Date, calculated on the basis of a 360-day year
consisting of twelve 30-day months. As to any Distribution Date and any
Specified Component (other than any Principal Only Component), interest accrued
during the related Interest Accrual Period at the applicable Component Interest
Rate on the Component Principal Balance (or Notional Component Principal
Balance) thereof immediately prior to such Distribution Date, calculated on the
basis of a 360-day year consisting of twelve 30-day months. As to any
Distribution Date and any Class of Certificates consisting of Specified
Components, the aggregate of Accrued Certificate Interest on such Specified
Components for such Distribution Date.
Accrued Certificate Interest on each Class of Certificates (other than any
Class of Principal Only Certificates and any Class of Certificates consisting of
Specified Components) and any Specified Component (other than any Principal Only
Component) shall be reduced by such Class's or Specified Component's share of
the amount of any Net Interest Shortfall and Interest Losses for such
Distribution Date. Any Net Interest Shortfall and Interest Losses shall be
allocated among (x) the Classes of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates consisting of
Specified Components) and (y) the Specified Components (other than any Principal
Only Component) of any Component Certificate in proportion to the respective
amounts of Accrued Certificate Interest that would have resulted absent such
shortfall or losses.
Additional Collateral: With respect to any Mortgage 100SM Loan, the
marketable securities held from time to time as security for the repayment of
such Mortgage 100SM Loan and any related collateral. With respect to any Parent
PowerSM Loan, the third-party guarantee for such Parent PowerSM Loan, together
with (i) any marketable securities held from time to time as security for the
performance of such guarantee and any related collateral or (ii) any mortgaged
property securing the performance of such guarantee, the related home equity
line of credit loan and any related collateral.
Agreement: This Pooling and Servicing Agreement and all amendments hereof
and supplements hereto.
Allocable Share: (a) As to any Distribution Date and amounts distributable
pursuant to clauses (i) and (iii) of the definition of Junior Optimal Principal
Amount, and as to each Class of Junior Certificates, the fraction, expressed as
a percentage, the numerator of which is the Class Certificate Principal Balance
of such Class and the denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates.
(b) As to any Distribution Date and amounts distributable pursuant to
clauses (ii), (iv) and (v) of the definition of Junior Optimal Principal Amount,
and as to the Class M Certificates and each Class of Class B Certificates for
which the related Prepayment Distribution Trigger has been satisfied on such
Distribution Date, the fraction, expressed as a percentage, the numerator of
which is the Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate Principal Balance of all
such Classes. As to any Distribution Date and each Class of Class B Certificates
for which the related Prepayment Distribution Trigger has not been satisfied on
such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and any month, the
payment of principal and accrued interest due in such month in accordance with
the terms of the related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each Distribution Date, the
total of all amounts credited to the Mortgage Loan Payment Record as of the
preceding Determination Date on account of (i) Principal Prepayments, Insurance
Proceeds and Liquidation Proceeds received subsequent to the preceding
Prepayment Period applicable to such receipts, and (ii) monthly payments of
principal and interest due subsequent to the preceding Due Date.
Anniversary Determination Date: The Determination Date occurring in April
of each year that the Certificates are outstanding, commencing in April 2000.
Assignment of Proprietary Lease: With respect to a Cooperative Loan, the
assignment of the related Proprietary Lease from the Mortgagor to the originator
of the Cooperative Loan.
Assumed Monthly Payment Reduction: As of any Anniversary Determination Date
and as to any Non-Primary Residence Loan remaining in the Mortgage Pool whose
original principal balance was 80% or greater of the Original Value thereof, the
excess of (i) the Monthly Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by principal balance)
of the Net Mortgage Rates of all Outstanding Mortgage Loans (the "Weighted
Average Rate") as of such Anniversary Determination Date over (ii) the Monthly
Payment thereof calculated on the assumption that the Net Mortgage Rate thereon
was equal to the Weighted Average Rate less 1.25% per annum.
Available Funds: As to each Distribution Date, an amount equal to the sum
of (i) all amounts credited to the Mortgage Loan Payment Record pursuant to
Section 3.02 as of the preceding Determination Date, (ii) any Monthly Advance
and any Compensating Interest Payment for such Distribution Date, (iii) the
Purchase Price of any Defective Mortgage Loans and Defaulted Mortgage Loans
deposited in the Certificate Account on the Business Day preceding such
Distribution Date (including any amounts deposited in the Certificate Account in
connection with any substitution of a Mortgage Loan as specified in Section
2.03(b)), and (iv) the purchase price of any defaulted Mortgage Loan purchased
under an agreement entered into pursuant to Section 3.08(e) as of the end of the
preceding Prepayment Period less the sum of (x) the Amount Held for Future
Distribution, (y) the amount of any Unanticipated Recovery credited to the
Mortgage Loan Payment Record pursuant to clause (vi) of Section 3.02(b), and (z)
amounts permitted to be debited from the Mortgage Loan Payment Record pursuant
to clauses (i) through (vii) and (ix) of Section 3.04.
Bankruptcy Coverage Termination Date: The Distribution Date upon which the
Bankruptcy Loss Amount has been reduced to zero or a negative number (or the
Cross-Over Date, if earlier).
Bankruptcy Loss Amount: As of any Determination Date prior to the first
Anniversary Determination Date, the Bankruptcy Loss Amount shall equal $157,753
as reduced by the aggregate amount of Deficient Valuations and Debt Service
Reductions since the Cut-off Date. As of any Determination Date after the first
Anniversary Determination Date, other than an Anniversary Determination Date,
the Bankruptcy Loss Amount shall equal the Bankruptcy Loss Amount on the
immediately preceding Anniversary Determination Date as reduced by the aggregate
amount of Deficient Valuations and Debt Service Reductions since such preceding
Anniversary Determination Date. As of any Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal the lesser of (x) the Bankruptcy Loss Amount
as of the preceding Determination Date as reduced by any Deficient Valuations
and Debt Service Reductions for the preceding Distribution Date, and (y) the
greater of (i) the Fitch Formula Amount for such Anniversary Determination Date
and (ii) the Formula Amount for such Anniversary Determination Date.
The Bankruptcy Loss Amount may be further reduced by the Company (including
accelerating the manner in which such coverage is reduced) provided that prior
to any such reduction, the Company shall obtain written confirmation from each
Rating Agency that such reduction shall not adversely affect the then-current
rating assigned to the related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the Trustee.
BBA: The British Bankers' Association.
BIF: The Bank Insurance Fund of the FDIC, or its successor in interest.
Book-Entry Certificate: Any Certificate registered in the name of the
Depository or its nominee, ownership of which is reflected on the books of the
Depository or on the books of a person maintaining an account with such
Depository (directly or as an indirect participant in accordance with the rules
of such Depository). As of the Closing Date, each Class of Certificates, other
than the Class B3, Class B4, Class B5, Class R, Class PO and Class S
Certificates, constitutes a Class of Book-Entry Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a Sunday, or a day on which
banking institutions in New York City or the city in which the Corporate Trust
Office is located are authorized or obligated by law or executive order to be
closed.
Buydown Funds: Funds contributed by the Mortgagor or another source in
order to reduce the interest payments required from the Mortgagor for a
specified period in specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which the Mortgagor pays
less than the full monthly payment specified in the Mortgage Note during the
Buydown Period and the difference between the amount paid by the Mortgagor and
the amount specified in the Mortgage Note is paid from the related Buydown
Funds.
Buydown Period: The period during which Buydown Funds are required to be
applied to the related Buydown Mortgage Loan.
Certificate: Any one of the certificates signed and countersigned by the
Trustee in substantially the forms attached hereto as Exhibit A.
Certificate Account: The trust account or accounts created and maintained
with the Trustee pursuant to Section 3.02 and which must be an Eligible Account.
Certificate Interest Rate: With respect to any Class of Certificates, other
than the Class S Certificates or any LIBOR Certificates, and as of any
Distribution Date, the per annum rate specified or described in Section 5.01(b).
With respect to any Class of LIBOR Certificates, the per annum variable rate at
any time at which interest accrues on the Certificates of such Class, as
determined pursuant to Section 5.01(f). With respect to the Class S Certificates
and any Distribution Date, the Strip Rate for such Distribution Date.
Certificate Owner: With respect to any Book-Entry Certificate, the person
who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate other than a Notional
Certificate, and as of any Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any Accrual Certificate, its
Percentage Interest of any related Accrual Amount for each previous Distribution
Date) less the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal Balance thereof on
previous Distribution Dates pursuant to Section 4.01, (ii) any Realized Losses
allocated to such Certificate on previous Distribution Dates pursuant to Section
4.03(b) and (c), and (iii) in the case of a Subordinate Certificate, such
Certificate's Percentage Interest of the Subordinate Certificate Writedown
Amount allocated to such Certificate on previous Distribution Dates. The
Notional Certificates are issued without Certificate Principal Balances.
Certificate Register and Certificate Registrar: The register maintained and
the registrar appointed pursuant to Section 5.02.
Certificateholder or Holder: The person in whose name a Certificate is
registered in the Certificate Register, except that, solely for the purposes of
giving any consent pursuant to this Agreement, a Certificate of any Class to the
extent that the Company or any affiliate is the Certificate Owner or Holder
thereof (except to the extent the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such Class), shall be deemed
not to be outstanding and the Percentage Interest (or Voting Rights) evidenced
thereby shall not be taken into account in determining whether the requisite
amount of Percentage Interests (or Voting Rights) necessary to effect any such
consent has been obtained; provided, however, that in determining whether the
Trustee shall be protected in relying on such consent only the Certificates that
the Trustee knows to be so held shall be so disregarded.
Class: All Certificates bearing the same class designation.
Class B Certificate: Any Class B1, Class B2, Class B3, Class B4 or Class B5
Certificate.
Class Certificate Principal Balance: As to any Class of Certificates, other
than any Class of Notional Certificates, and as of any date of determination,
the aggregate of the Certificate Principal Balances of all Certificates of such
Class. The Class Certificate Principal Balance of each such Class of
Certificates as of the Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date and any Class of
Certificates (other than any Class of Principal Only Certificates or any Class
consisting of Specified Components) or any Specified Component, any amount by
which the amount distributed to Holders of such Class of Certificates or in
respect of such Specified Component (or added to the Class Certificate Principal
Balance of any Class of Accrual Certificates or to the Component Principal
Balance of any Accrual Component constituting a Specified Component) on such
Distribution Date pursuant to Section 4.01(a)(i) is less than the Accrued
Certificate Interest thereon or in respect thereof for such Distribution Date.
As to any Distribution Date and any Class of Certificates consisting of
Specified Components, the sum of the Class Interest Shortfalls for such
Components on such date.
Class PO Deferred Amount: As to any Distribution Date on or prior to the
Cross-Over Date, the aggregate of the applicable PO Percentage of the principal
portion of each Realized Loss, other than any Excess Loss, to be allocated to
the Class PO Certificates on such Distribution Date or previously allocated to
the Class PO Certificates and not yet paid to the Holders of the Class PO
Certificates pursuant to Section 4.01(a)(iv).
Class PO Principal Distribution Amount: As to any Distribution Date, an
amount equal to the sum of the applicable PO Percentage of:
(i) the principal portion of each Monthly Payment due on the related
Due Date on each Outstanding Mortgage Loan as of such Due Date as specified
in the amortization schedule at the time applicable thereto (after
adjustments for previous Principal Prepayments and the principal portion of
Debt Service Reductions subsequent to the Bankruptcy Coverage Termination
Date but before any adjustment to such amortization schedule by reason of
any bankruptcy (except as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) all principal prepayments in part received during the related
Prepayment Period, together with the Scheduled Principal Balance (as
reduced by any Deficient Valuation occurring on or prior to the Bankruptcy
Coverage Termination Date) of each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the related Prepayment
Period;
(iii) the sum of (A) all Net Liquidation Proceeds allocable to
principal received in respect of each Mortgage Loan that became a
Liquidated Mortgage Loan during the related Prepayment Period (other than
Mortgage Loans described in clause (B)) and (B) the principal balance of
each Mortgage Loan purchased by an insurer from the Trustee pursuant to the
related Primary Insurance Policy, in each case during the related
Prepayment Period;
(iv) the Scheduled Principal Balance (as reduced by any Deficient
Valuation occurring on or prior to the Bankruptcy Coverage Termination
Date) of each Mortgage Loan which was purchased on such Distribution Date
pursuant to Section 2.02, 2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan substituted during
the month of such Distribution Date; for purposes of this clause (v), the
definition of "Substitution Amount" shall be modified to reduce the
Scheduled Principal Balance of the Mortgage Loan that is substituted for by
any Deficient Valuation occurring on or prior to the Bankruptcy Coverage
Termination Date.
For purposes of clause (ii) above, a Voluntary Principal Prepayment in full
with respect to a Mortgage Loan serviced by a Primary Servicer shall be deemed
to have been received when the Company, as servicer, receives notice thereof.
Closing Date: March 25, 1999.
Code: The Internal Revenue Code of 1986, as it may be amended from time to
time, any successor statutes thereto, and applicable U.S. Department of the
Treasury temporary or final regulations promulgated thereunder.
COFI: The monthly weighted average cost of funds for savings institutions
the home offices of which are located in Arizona, California, or Nevada that are
member institutions of the Eleventh Federal Home Loan Bank District, as computed
from statistics tabulated and published by the Federal Home Loan Bank of San
Francisco in its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual Period for any COFI
Certificates, the last Business Day of the calendar month preceding the
commencement of such Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey, or its successor in interest
or, if any successor servicer is appointed as herein provided, then such
successor servicer.
Compensating Interest Payment: With respect to any Distribution Date, an
amount equal to the aggregate of the Interest Shortfalls described in clauses
(a) and (b) of the definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the lesser of (i) an amount
equal to the product of (x) the Pool Scheduled Principal Balance with respect to
such Distribution Date and (y) one-twelfth of 0.125%, and (ii) the aggregate of
the Servicing Fees that the Company would be entitled to retain on such
Distribution Date (less any portion thereof paid as servicing compensation to
any Primary Servicer) without giving effect to any Compensating Interest
Payment.
Component: Any of the components of a Class of Component Certificates
having the designations and the initial Component Principal Balances as follows:
Designation Initial Component
----------- Principal Balance
-----------------
N/A N/A
Component Certificate: None.
Component Interest Rate: None.
Component Principal Balance: As of any Distribution Date, and with respect
to any Component, other than any Notional Component, the initial Component
Principal Balance thereof (as set forth, as applicable, in the definition of
Component) (plus, in the case of any Accrual Component, any related Accrual
Amount for each previous Distribution Date) less the sum of (x) all amounts
distributed in reduction thereof on previous Distribution Dates pursuant to
Section 4.01 and (y) the amount of all Realized Losses allocated thereto
pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any Mortgage Loan, a note or
other evidence of indebtedness executed by the Mortgagor confirming its
obligation under the note or other evidence of indebtedness previously executed
by the Mortgagor upon the origination of the related Mortgage Loan.
Cooperative: A private, cooperative housing corporation organized in
accordance with applicable state laws which owns or leases land and all or part
of a building or buildings located in the relevant state, including apartments,
spaces used for commercial purposes and common areas therein and whose board of
directors authorizes, among other things, the sale of Cooperative Stock.
Cooperative Apartment: A dwelling unit in a multi-dwelling building owned
or leased by a Cooperative, which unit the Mortgagor has an exclusive right to
occupy pursuant to the terms of one or more Proprietary Leases.
Cooperative Loans: Any of the Mortgage Loans made in respect of a
Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a
Security Agreement, (ii) the related Cooperative Stock Certificate(s), (iii) an
assignment of the Proprietary Lease(s), (iv) financing statements and (v) a
stock power (or other similar instrument), and in addition thereto, a
recognition agreement between the Cooperative and the originator of the
Cooperative Loan, each of which was transferred and assigned to the Trustee
pursuant to Section 2.01 and are from time to time held as part of the Trust
Fund. The Mortgage Loans identified as such in Exhibit C hereto are Cooperative
Loans.
Cooperative Stock: With respect to a Cooperative Loan, the single
outstanding class of stock, partnership interest or other ownership instrument
in the related Cooperative.
Cooperative Stock Certificate: With respect to a Cooperative Loan, the
stock certificate(s) or other instrument evidencing the related Cooperative
Stock.
Corporate Trust Office: The principal office of the Trustee at which at any
particular time its corporate trust business shall be administered, which office
at the date of the execution of this instrument is located at Two International
Place, Boston, Massachusetts 02110, Attention: Corporate Trust Department.
Cross-Over Date: The first Distribution Date on which the aggregate Class
Certificate Principal Balance of the Junior Certificates has been reduced to
zero (giving effect to all distributions on such Distribution Date).
Cut-off Date: March 1, 1999.
Debt Service Reduction: As to any Mortgage Loan and any Determination Date,
the excess of (a) the then current Monthly Payment for such Mortgage Loan over
(b) the amount of the monthly payment of principal and interest required to be
paid by the Mortgagor as established by a court of competent jurisdiction as a
result of a proceeding initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.).
Defaulted Mortgage Loan: With respect to any Determination Date, a Mortgage
Loan as to which the related Mortgagor has failed to make unexcused payment in
full of a total of three or more consecutive installments of principal and
interest, and as to which such delinquent installments have not been paid, as of
the close of business on the last Business Day of the month next preceding the
month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is required to be
purchased by the Company (or which the Company may replace with a substitute
Mortgage Loan) pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any Determination Date,
the excess of (a) the then outstanding indebtedness under such Mortgage Loan
over (b) the valuation by a court of competent jurisdiction of the related
Mortgaged Property as a result of a proceeding initiated by or against the
related Mortgagor under the Bankruptcy Code, as amended from time to time (11
U.S.C.), pursuant to which such Mortgagor retained such Mortgaged Property.
Definitive Certificate: Any Certificate, other than a Book-Entry
Certificate, issued in definitive, fully registered form.
Definitive Restricted Junior Certificate: Any Restricted Junior Certificate
that is in the form of a Definitive Certificate.
Depository: The initial Depository shall be The Depository Trust Company,
the nominee of which is CEDE & Co. The Depository shall at all times be a
"clearing corporation" as defined in Section 8-102(a)(5) of the Uniform
Commercial Code of the State of New York, as amended, or any successor
provisions thereto.
Depository Participant: A broker, dealer, bank or other financial
institution or other Person for which, from time to time, the Depository effects
book-entry transfers and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any Designated Loan, a
Lost Note Affidavit substantially in the form of Exhibit L, and an assignment of
the related Mortgage to the Trustee in recordable form (except for the omission
therein of recording information concerning such Mortgage).
Designated Loans: The Mortgage Loans listed in Exhibit M hereto.
Designated Telerate Page: The Dow Jones Telerate Service page 3750 (or such
other page as may replace page 3750 on that service or such other service as may
be nominated by the BBA for the purpose of displaying the Interest Settlement
Rates).
Determination Date: With respect to any Distribution Date, the fifth
Business Day prior thereto.
Discount Mortgage Loan: Any Mortgage Loan with a Net Mortgage Rate less
than 6.50% per annum.
Disqualified Organization: Any of the following: (i) the United States, any
State or political subdivision thereof, or any agency or instrumentality of any
of the foregoing (including but not limited to state pension organizations);
(ii) a foreign government, International Organization or any agency or
instrumentality of either of the foregoing; (iii) an organization (except
certain farmers' cooperatives described in Code section 521) which is exempt
from tax imposed by Chapter 1 of the Code (including the tax imposed by section
511 of the Code on unrelated business taxable income); and (iv) a rural electric
and telephone cooperative described in Code section 1381(a)(2)(C). The terms
"United States," "State" and "International Organization" shall have the
meanings set forth in Code section 7701 or successor provisions. A corporation
will not be treated as an instrumentality of the United States or of any State
or political subdivision thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is not selected by such
governmental unit.
Distribution Date: The 25th day of each calendar month after the month of
initial issuance of the Certificates, or, if such 25th day is not a Business
Day, the next succeeding Business Day.
Distribution Date Statement: The statement referred to in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the related Distribution Date.
Eligible Account: An account that is either (i) maintained with a
depository institution the debt obligations of which have been rated by each
Rating Agency in one of its two highest long-term rating categories and has been
assigned by S&P its highest short-term rating, (ii) an account or accounts the
deposits in which are fully insured by either the BIF or the SAIF, (iii) an
account or accounts, in a depository institution in which such accounts are
insured by the BIF or the SAIF (to the limits established by the FDIC), the
uninsured deposits in which accounts are either invested in Permitted
Investments or are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel delivered to the
Trustee, the Certificateholders have a claim with respect to the funds in such
account or a perfected first security interest against any collateral (which
shall be limited to Permitted Investments) securing such funds that is superior
to claims of any other depositors or creditors of the depository institution
with which such account is maintained, (iv) a trust account maintained with the
corporate trust department of a federal or state chartered depository
institution or of a trust company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v) such account as will
not cause either Rating Agency to downgrade or withdraw its then-current rating
assigned to the Certificates, as evidenced in writing by the Rating Agencies.
ERISA: The Employee Retirement Income Security Act of 1974, as amended.
ERISA-Restricted Certificate: Any Junior Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or Debt Service Reduction,
or portion thereof, (i) occurring after the Bankruptcy Coverage Termination Date
or (ii) if on such date, in excess of the then-applicable Bankruptcy Loss
Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof, (i) occurring after
the Fraud Coverage Termination Date or (ii) if on such date, in excess of the
then-applicable Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud Loss or Excess
Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss, or portion thereof,
(i) occurring after the Special Hazard Termination Date or (ii) if on such date,
in excess of the then-applicable Special Hazard Loss Amount.
FDIC: The Federal Deposit Insurance Corporation, or its successor in
interest.
FHLMC: The Federal Home Loan Mortgage Corporation or its successor in
interest.
Financial Intermediary: A broker, dealer, bank or other financial
institution or other Person that clears through or maintains a custodial
relationship with a Depository Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary Determination Date, the
greater of (i) $50,000 and (ii) the product of (x) the greatest Assumed Monthly
Payment Reduction for any Non-Primary Residence Loan whose original principal
balance was 80% or greater of the Original Value thereof, (y) the weighted
average remaining term to maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in the Mortgage Pool as of such Anniversary
Determination Date, and (z) the sum of (A) one plus (B) the number of all
remaining Non-Primary Residence Loans divided by the total number of Outstanding
Mortgage Loans as of such Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its successor in
interest.
Formula Amount: As to each Anniversary Determination Date, the greater of
(i) $100,000 and (ii) the product of (x) 0.06% and (y) the Scheduled Principal
Balance of each Mortgage Loan remaining in the Mortgage Pool whose original
principal balance was 75% or greater of the Original Value thereof.
Fraud Coverage Termination Date: The Distribution Date upon which the
related Fraud Loss Amount has been reduced to zero or a negative number (or the
Cross-Over Date, if earlier).
Fraud Loss: Any Realized Loss attributable to fraud in the origination of
the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after the Cut-off Date, (x)
prior to the first anniversary of the Cut-off Date, an amount equal to
$5,000,825 minus the aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with Section 4.03 in the
absence of the Loss Allocation Limitation since the Cut-off Date, and (y) from
the first to the fifth anniversary of the Cut-off Date, an amount equal to (1)
the lesser of (a) the Fraud Loss Amount as of the most recent anniversary of the
Cut-off Date and (b) 1% (from the first to but excluding the third anniversaries
of the Cut-off Date) or 0.5% (from and including the third to but excluding the
fifth anniversaries of the Cut-off Date) of the aggregate outstanding principal
balance of all of the Mortgage Loans as of the most recent anniversary of the
Cut-off Date minus (2) the Fraud Losses that would have been allocated to the
Junior Certificates in accordance with Section 4.03 in the absence of the Loss
Allocation Limitation since the most recent anniversary of the Cut-off Date. On
or after the fifth anniversary of the Cut-off Date the Fraud Loss Amount shall
be zero.
Group I Final Distribution Date: The Distribution Date on which the
aggregate Certificate Principal Balance of the Group I Senior Certificates is
reduced to zero.
Group I Senior Certificate: Any Class A1, Class A2, Class A3, Class A4,
Class A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class
A13, Class A14, Class A15, Class A16, Class A17, Class A18 or Class R
Certificate.
Group II Senior Certificate: Any Class A5 Certificate.
Group II Senior Distribution Percentage: 0% through the Distribution Date
in March 2004; 30% thereafter through the Distribution Date in March 2005; 40%
thereafter through the Distribution Date in March 2006; 60% thereafter through
the Distribution Date in March 2007; 80% thereafter through the Distribution
Date in March 2008; and 100% thereafter.
Group II Senior Percentage: With respect to any Distribution Date, the
percentage (carried to six decimal places) obtained by dividing (x) the
aggregate Certificate Principal Balance of the Group II Senior Certificates
immediately preceding such Distribution Date by (y) the aggregate Certificate
Principal Balance of all the Senior Certificates (other than the Class PO
Certificates) immediately preceding such Distribution Date.
Group II Senior Principal Distribution Amount: With respect to any
Distribution Date, the product of (a) the Senior Optimal Principal Amount for
such date multiplied by (b) the Group II Senior Percentage for such date
multiplied by (c) the Group II Senior Distribution Percentage for such date;
provided, however, that (i) on the Group I Final Distribution Date, the Group II
Senior Principal Distribution Amount will be increased by any portion of the
Senior Optimal Principal Amount remaining after distributions of principal have
been made on the Group I Senior Certificates and (ii) following the Group I
Final Distribution Date, the Group II Senior Principal Distribution Amount will
equal the Senior Optimal Principal Amount.
Initial Certificate Principal Balance: With respect to any Certificate,
other than a Notional Certificate, the Certificate Principal Balance of such
Certificate or any predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 4.950%.
Insurance Proceeds: Proceeds paid pursuant to the Primary Insurance
Policies, if any, and amounts paid by any insurer pursuant to any other
insurance policy covering a Mortgage Loan.
Insured Expenses: Expenses covered by the Primary Insurance Policies, if
any, or any other insurance policy or policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any Distribution Date and any
Class of Certificates (other than any Class of LIBOR 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 any Class of LIBOR
Certificates, the one-month period commencing on the 25th day of the preceding
month and ending on the 24th day of the month in which such Distribution Date
occurs.
Interest Losses: The interest portion of (i) on or prior to the Cross-Over
Date, any Excess Losses and (ii) after the Cross-Over Date, any Realized Losses
and Debt Service Reductions.
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
(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.
Junior Certificate: Any Class M or Class B Certificate.
Junior Optimal Principal Amount: As to any Distribution Date, an amount
equal to the sum of the following (but in no event greater than the aggregate
Certificate Principal Balance of the Junior Certificates immediately prior to
such Distribution Date):
(i) the Junior Percentage of the applicable Non-PO Percentage of the
principal portion of each Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date as specified in the
amortization schedule at the time applicable thereto (after adjustment for
previous Principal Prepayments and the principal portion of Debt Service
Reductions subsequent to the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization schedule by reason of any
bankruptcy (other than as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Junior Prepayment Percentage of the applicable Non-PO
Percentage of all principal prepayments in part received during the related
Prepayment Period, and 100% of any Senior Optimal Principal Amount not
distributed to the Senior Certificates on such Distribution Date, together
with the Junior Prepayment Percentage of the applicable Non-PO Percentage
of the Scheduled Principal Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in full during the related
Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO Percentage of
the sum of (A) all Net Liquidation Proceeds allocable to principal received
during the related Prepayment Period (other than in respect of Mortgage
Loans described in clause (B)) and (B) the principal balance of each
Mortgage Loan that was purchased by an insurer from the Trustee during the
related Prepayment Period pursuant to the related Primary Insurance Policy,
over (y) the amount distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount on such Distribution Date;
(iv) the Junior Prepayment Percentage of the applicable Non-PO
Percentage of the Scheduled Principal Balance of each Mortgage Loan which
was purchased on such Distribution Date pursuant to Section 2.02, 2.03(a)
or 3.16; and
(v) the Junior Prepayment Percentage of the applicable Non-PO
Percentage of the Substitution Amount for any Mortgage Loan substituted
during the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal Prepayment in full
with respect to a Mortgage Loan serviced by a Primary Servicer shall be deemed
to have been received when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the Junior Certificates
have been reduced to zero, the Junior Optimal Principal Amount shall be zero.
Junior Percentage: As to any Distribution Date, the excess of 100% over the
Senior Percentage for such Distribution Date.
Junior Prepayment Percentage: As to any Distribution Date, the excess of
100% over the Senior Prepayment Percentage for such Distribution Date, except
that (i) after the aggregate Certificate Principal Balance of the Senior
Certificates other than the Class PO Certificates has been reduced to zero, the
Junior Prepayment Percentage shall be 100%, and (ii) after the Cross-Over Date,
the Junior Prepayment Percentage shall be zero.
Latest Possible Maturity Date: March 25, 2031.
LIBOR: With respect to any Interest Accrual Period, the per annum rate
determined, pursuant to Section 5.08, on the basis of the Interest Settlement
Rate or as otherwise provided in such Section.
LIBOR Certificate: Any Class A3 or Class A4 Certificate.
LIBOR Determination Date: The second London Banking Day immediately
preceding the commencement of each Interest Accrual Period for any LIBOR
Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan as to which the
Company has determined that all amounts which it expects to recover on behalf of
the Trust Fund from or on account of such Mortgage Loan have been recovered,
including any Mortgage Loan with respect to which the Company determines not to
foreclose upon the related Mortgaged Property based on its belief that such
Mortgaged Property may be contaminated with or affected by hazardous or toxic
wastes, materials or substances.
Liquidation Expenses: Expenses which are incurred by the Company in
connection with the liquidation of any defaulted Mortgage Loan and not recovered
by the Company under any Primary Insurance Policy for reasons other than the
Company's failure to comply with Section 3.05, such expenses including, without
limitation, legal fees and expenses, and, regardless of when incurred, any
unreimbursed amount expended by the Company pursuant to Section 3.03 or Section
3.06 respecting the related Mortgage Loan and any related and unreimbursed
Property Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance Proceeds) received in
connection with the liquidation of any defaulted Mortgage Loan whether through
judicial foreclosure or otherwise.
Loan-to-Value Ratio: With respect to each Mortgage Loan, the original
principal amount of such Mortgage Loan, divided by the Original Value of the
related Mortgaged Property.
London Banking Day: Any day on which banks are open for dealing in foreign
currency and exchange in London, England.
Loss Allocation Limitation: As defined in Section 4.03(g).
MLCC: Merrill Lynch Credit Corporation, or its successor in interest.
Monthly Advance: With respect to any Distribution Date, the aggregate of
the advances required to be made by the Company pursuant to Section 4.04(a) (or
by the Trustee pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the aggregate of payments
of principal and interest (adjusted to the related Net Mortgage Rate) on the
Mortgage Loans that were due on the related Due Date, without regard to any
arrangements entered into by the Company with the related Mortgagors pursuant to
Section 3.02(a)(ii), and delinquent as of the close of business on the Business
Day next preceding the related Determination Date, less (b) the amount of any
such payments which the Company or the Trustee, as applicable, in its reasonable
judgment believes will not be ultimately recoverable by it either out of late
payments by the Mortgagor, Net Liquidation Proceeds, Insurance Proceeds, REO
Proceeds or otherwise. With respect to any Mortgage Loan, the portion of any
such advance or advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a Mortgage Loan for any
month allocable to principal or interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc. and its successors.
Mortgage: The mortgage or deed of trust creating a first lien on a fee
simple interest or leasehold estate in real property securing a Mortgage Note.
Mortgage 100SM Loan: A Mortgage Loan identified on Exhibit N hereof that
has a Loan-to-Value Ratio at origination in excess of 80.00% and that is secured
by Additional Collateral and does not have a Primary Insurance Policy.
Mortgage File: The mortgage documents listed in Section 2.01 pertaining to
a particular Mortgage Loan and any additional documents required to be added to
such documents pursuant to this Agreement.
Mortgage Loan Payment Record: The record maintained by the Company pursuant
to Section 3.02(b).
Mortgage Loan Schedule: As of any date of determination, the schedule of
Mortgage Loans included in the Trust Fund. The initial schedule of Mortgage
Loans as of the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each of the mortgage loans
identified on the Mortgage Loan Schedule (as amended pursuant to Section
2.03(b)) delivered and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the note or other
evidence of indebtedness (which may consist of a Confirmatory Mortgage Note)
evidencing the indebtedness of a Mortgagor under such Mortgage Loan.
Mortgage Pool: The aggregate of the Mortgage Loans identified in the
Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne by a Mortgage Loan as
set forth in the related Mortgage Note.
Mortgaged Property: The underlying real property securing the Mortgage
Loan, or with respect to a Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each obligor on the related
Mortgage Note. Net Interest Shortfall: With respect to any Distribution Date,
the excess, if any, of the aggregate Interest Shortfalls allocable to the
Certificates (as determined in accordance with the definition of Interest
Shortfall) for such Distribution Date over any Compensating Interest Payment for
such date.
Net Liquidation Proceeds: As to any Liquidated Mortgage Loan, the sum of
(i) any Liquidation Proceeds therefor less the related Liquidation Expenses, and
(ii) any Insurance Proceeds therefor, other than any such Insurance Proceeds
applied to the restoration of the related Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan, the related Mortgage
Rate less the applicable Servicing Fee Rate.
Non-Book-Entry Certificate: Any Certificate other than a Book-Entry
Certificate.
Non-Discount Mortgage Loan: Any Mortgage Loan with a Net Mortgage Rate
greater than or equal to 6.50% per annum.
Non-permitted Foreign Holder: As defined in Section 5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan, a fraction (expressed
as a percentage), the numerator of which is the Net Mortgage Rate of such
Discount Mortgage Loan and the denominator of which is 6.50%. 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).
Notional Certificate: Any Class S Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution Date and the Class S
Certificates, the aggregate Scheduled Principal Balance of the Outstanding
Non-Discount Mortgage Loans as of the Due Date in the month preceding such
Distribution Date. As to any Distribution Date and any Class S Certificate, such
Certificate's Percentage Interest of the aggregate Notional Principal Balance of
the Class S Certificates for such Distribution Date.
Officer's Certificate: A certificate signed by the President, a Senior Vice
President or a Vice President of the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who may be counsel for
the Company; provided, however, that any Opinion of Counsel with respect to the
interpretation or application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of independent counsel
satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth in the definition of
Senior Prepayment Percentage.
Original Value: The value of the property underlying a Mortgage Loan based,
in the case of the purchase of the underlying Mortgaged Property, on the lower
of an appraisal satisfactory to the Company or the sales price of such property
or, in the case of a refinancing, on an appraisal satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due Date, a Mortgage Loan
which, prior to such Due Date, was not the subject of a Principal Prepayment in
full, did not become a Liquidated Mortgage Loan and was not purchased pursuant
to Section 2.02, 2.03(a) or 3.16 or replaced pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any Outstanding Mortgage Loan that
is a Non-Discount Mortgage Loan.
PAC Balance: As to any Distribution Date and any Class of PAC Certificates
and any PAC Component, the balance designated as such for such Distribution Date
and such Class or Component as set forth in the Principal Balance Schedules.
PAC Certificate: None.
PAC Component: None.
Parent PowerSM Loan: A Mortgage Loan identified on Exhibit N hereto that
has a Loan-to-Value Ratio at origination in excess of 80.00%, that is supported
by Additional Collateral and does not have a Primary Insurance Policy.
Pay-out Rate: With respect to any Class of Certificates (other than any
Class of Principal Only Certificates) and any Distribution Date, the rate at
which interest is distributed on such Class on such Distribution Date and which
is equal to a fraction (expressed as an annualized percentage) the numerator of
which is the Accrued Certificate Interest for such Class and Distribution Date,
and the denominator of which is the Class Certificate Principal Balance (or, in
the case of the Notional Certificates, the Notional Principal Balance) of such
Class immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate, the percentage
interest in the undivided beneficial ownership interest in the Trust Fund
evidenced by Certificates of the same Class as such Certificate. With respect to
any Certificate, the Percentage Interest evidenced thereby shall equal the
Initial Certificate Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance) thereof divided by the
aggregate Initial Certificate Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal Balance) of all
Certificates of the same Class.
Permitted Investments: One or more of the following; provided, however,
that no such Permitted Investment may mature later than the Business Day
preceding the Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that such investments
qualify as "cash flow investments" as defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely receipt of principal
and interest by, the United States or any agency or instrumentality thereof
when such obligations are backed by the full faith and credit of the United
States;
(ii) repurchase agreements on obligations specified in clause (i)
provided that the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in the highest
long-term rating category;
(iii) federal funds, certificates of deposit, time deposits and
banker's acceptances, of any U.S. depository institution or trust company
incorporated under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust company at the
date of acquisition thereof have been rated by each Rating Agency in the
highest long-term rating category;
(iv) commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of acquisition
has the highest short term rating of each Rating Agency; and
(v) other obligations or securities that are acceptable to each Rating
Agency as a Permitted Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the then current rating of
the Certificates.
Notwithstanding the foregoing, Permitted Investments shall not include
"stripped securities" and investments which contractually may return less than
the purchase price therefor.
Person: Any legal person, including any individual, corporation,
partnership, limited liability company, joint venture, association, joint-stock
company, trust, unincorporated organization or government or any agency or
political subdivision thereof.
Plan: Any Person which is an employee benefit plan subject to ERISA or a
plan subject to section 4975 of the Code.
Pledged Asset Loan-to-Value Ratio: With respect to any Pledged Asset
Mortgage Loan, (i) the original loan amount less the portion of any required
Additional Collateral which is covered by the Surety Bond, divided by (ii) the
Original Value of the related Mortgaged Property.
Pledged Asset Mortgage Loan: Each Mortgage 100SM Loan and Parent PowerSM
Loan purchased from MLCC that is supported by Additional Collateral and
identified on Exhibit N hereto.
Pledged Asset Mortgage Servicing Agreement: The Amended and Restated
Pledged Asset Mortgage Servicing Agreement, dated as of June 2, 1998, between
MLCC and the Company.
PO Percentage: As to any Discount Mortgage Loan, a fraction (expressed as a
percentage), the numerator of which is the excess of 6.50% 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%.
Pool Scheduled Principal Balance: With respect to any Distribution Date,
the aggregate Scheduled Principal Balance of all the Mortgage Loans that were
Outstanding Mortgage Loans on the Due Date in the month next preceding the month
of such Distribution Date (or, in the case of the first Distribution Date, the
Cut-off Date; or, if so specified, such other date).
Prepayment Assumption: The assumed fixed schedule of prepayments on a pool
of new mortgage loans with such schedule given as a monthly sequence of
prepayment rates, expressed as annualized percent values. These values start at
0.2% per year in the first month, increase by 0.2% per year in each succeeding
month until month 30, ending at 6.0% per year. At such time, the rate remains
constant at 6.0% per year for the balance of the remaining term. Multiples of
the Prepayment Assumption are calculated from this prepayment rate series.
Prepayment Assumption Multiple: 275% of the Prepayment Assumption.
Prepayment Distribution Trigger: As of any Distribution Date and as to each
Class of Class B Certificates, the related Prepayment Distribution Trigger is
satisfied if (x) the fraction, expressed as a percentage, the numerator of which
is the aggregate Class Certificate Principal Balance of such Class and each
Class subordinate thereto, if any, on such Distribution Date, and the
denominator of which is the Pool Scheduled Principal Balance for such
Distribution Date, equals or exceeds (y) such percentage calculated as of the
Closing Date.
Prepayment Interest Excess: As to any Voluntary Principal Prepayment in
full received from the first day through the fifteenth day of any calendar month
(other than the calendar month in which the Cut-off Date occurs), all amounts
paid in respect of interest on such Principal Prepayment. For purposes of
determining the amount of Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage Loan serviced by a
Primary Servicer shall be deemed to have been received when the Company, as
servicer, receives notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional servicing compensation.
Prepayment Period: With respect to any Distribution Date and any Voluntary
Principal Prepayment in part or other Principal Prepayment other than a
Voluntary Principal Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution Date and any
Voluntary Principal Prepayment in full, the period beginning on the sixteenth
day of the calendar month preceding the month of such Distribution Date (or, in
the case of the first Distribution Date, beginning on the Cut-off Date) and
ending on the fifteenth day of the month in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private mortgage insurance
relating to a particular Mortgage Loan, or an electronic screen print setting
forth the information contained in such certificate of private mortgage
insurance, including, without limitation, information relating to the name of
the mortgage insurance carrier, the certificate number, the loan amount, the
property address, the effective date of coverage, the amount of coverage and the
expiration date of the policy. Each such policy covers defaults by the
Mortgagor, which coverage shall equal the portion of the unpaid principal
balance of the related Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original Value of the underlying
Mortgaged Property.
Primary Servicer: Any servicer with which the Company has entered into a
servicing agreement, as described in Section 3.01(f).
Principal Balance Schedules: Any principal balance schedules attached
hereto, if applicable, as Exhibit B, setting forth the PAC Balances of any PAC
Certificates and PAC Components, the TAC Balances of any TAC Certificates and
TAC Components and the Scheduled Balances of any Scheduled Certificates and
Scheduled Components.
Principal Only Certificate: Any Class PO Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of principal on a
Mortgage Loan (including, for this purpose, any refinancing permitted by Section
3.01 and any REO Proceeds treated as such pursuant to Section 3.08(b)) which is
received in advance of its scheduled Due Date and is not accompanied by an
amount of interest representing scheduled interest for any month subsequent to
the month of prepayment.
Private Placement Memorandum: The private placement memorandum relating to
the Restricted Junior Certificates dated March 23, 1999.
Prohibited Transaction Exemption: U.S. Department of Labor Prohibited
Transaction Exemption 89-89, 55 Fed. Reg. 42589, October 17, 1989.
Property Protection Expenses: With respect to any Mortgage Loan, expenses
paid or incurred by or for the account of the Company in accordance with the
related Mortgage for (a) real estate property taxes and property repair,
replacement, protection and preservation expenses and (b) similar expenses
reasonably paid or incurred to preserve or protect the value of such Mortgage to
the extent the Company is not reimbursed therefor pursuant to the Primary
Insurance Policy, if any, or any other insurance policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan, the proprietary
lease(s) or occupancy agreement with respect to the Cooperative Apartment
occupied by the Mortgagor and relating to the related Cooperative Stock, which
lease or agreement confers an exclusive right to the holder of such Cooperative
Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan required or permitted to
be purchased hereunder from the Trust Fund, an amount equal to 100% of the
unpaid principal balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid to the first day of
the month in which such purchase price is to be distributed; provided, however,
that if the Company is the servicer hereunder, such purchase price shall be net
of unreimbursed Monthly Advances with respect to such Mortgage Loan, and the
interest component of the Purchase Price may be computed on the basis of the Net
Mortgage Rate for such Mortgage Loan.
QIB: A "qualified institutional buyer" as defined in Rule 144A under the
Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency, or its successor, that
rated any of the Certificates at the request of the Company at the time of the
initial issuance of the Certificates. If such agency or a successor is no longer
in existence, "Rating Agency" shall be such statistical credit rating agency, or
other comparable Person, designated by the Company, notice of which designation
shall be given to the Trustee. References herein to the two highest long-term
rating categories of a Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the Certificates, the
Rating Agencies are Fitch and S&P; except that for purposes of the Junior
Certificates, other than the Class B5 Certificates, Fitch shall be the sole
Rating Agency. The Class B5 Certificates are issued without ratings.
Realized Loss: Any (i) Deficient Valuation or (ii) as to any Liquidated
Mortgage Loan, (x) the unpaid principal balance of such Liquidated Mortgage Loan
plus accrued and unpaid interest thereon at the Net Mortgage Rate through the
last day of the month of such liquidation less (y) the related Liquidation
Proceeds and Insurance Proceeds (as reduced by the related Liquidation
Expenses).
Record Date: The last Business Day of the month immediately preceding the
month of the related Distribution Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief Act of 1940, as
amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to which the Monthly Payment
thereof has been reduced due to the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit" within the meaning of
section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax law relating to real
estate mortgage investment conduits, which appear at sections 860A through 860G
of Part IV of Subchapter M of Chapter 1 of the Code, and related provisions, and
U.S. Office of the Treasury temporary or final regulations promulgated
thereunder, as the foregoing may be in effect from time to time, as well as
provisions of applicable state laws.
REO Mortgage Loan: Any Mortgage Loan which is not a Liquidated Mortgage
Loan and as to which the related Mortgaged Property is held as part of the Trust
Fund.
REO Proceeds: Proceeds, net of any related expenses of the Company,
received in respect of any REO Mortgage Loan (including, without limitation,
proceeds from the rental of the related Mortgaged Property).
Required Surety Payment: With respect to any Pledged Asset Mortgage Loan
that becomes a Liquidated Mortgage Loan, the lesser of (i) the principal portion
of the Realized Loss with respect to such Mortgage Loan and (ii) the excess, if
any, of (a) the amount of Additional Collateral required at origination with
respect to such Mortgage Loan which is covered by the Surety Bond over (b) the
net proceeds realized by MLCC from the liquidation of the related Additional
Collateral.
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R Certificate.
Responsible Officer: When used with respect to the Trustee, any officer or
assistant officer assigned to and working in the Corporate Trust Department of
the Trustee and, also, with respect to a particular matter, any other officer to
whom such matter is referred because of such officer's knowledge of and
familiarity with the particular subject.
Restricted Certificate: Any Restricted Junior Certificate, Class PO
Certificate or Class S 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.
SAIF: The Savings Association Insurance Fund of the FDIC, or its successor
in interest.
Scheduled Balance: As to any Distribution Date and any Class of Scheduled
Certificates and any Scheduled Component, the balance designated as such for
such Distribution Date and such Class or Component as set forth in the Principal
Balance Schedules.
Scheduled Certificate: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan and Distribution Date,
the principal balance of such Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if so specified, such other
date) as specified in the amortization schedule at the time relating to such
Mortgage Loan (before any adjustment to such amortization schedule by reason of
any bankruptcy or similar proceeding or any moratorium or similar waiver or
grace period) after giving effect to any previous Principal Prepayments,
Deficient Valuations incurred subsequent to the Bankruptcy Coverage Termination
Date, adjustments due to the application of the Relief Act and the payment of
principal due on such Due Date, irrespective of any delinquency in payment by
the related Mortgagor. As to any Mortgage Loan and the Cut-off Date, the "unpaid
balance" thereof specified in the initial Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative Loan, the agreement
creating a security interest in favor of the originator in the related
Cooperative Stock and Proprietary Lease.
Senior Certificate: Any Certificate other than a Junior Certificate or
Class S Certificate.
Senior Certificate Principal Balance: As of any Distribution Date, an
amount equal to the sum of the Certificate Principal Balances of the Senior
Certificates (other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any Distribution Date, an amount
equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO Percentage of the
principal portion of each Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date as specified in the
amortization schedule at the time applicable thereto (after adjustments for
previous Principal Prepayments and the principal portion of Debt Service
Reductions subsequent to the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar proceeding or any moratorium or
similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the applicable Non-PO
Percentage of all principal prepayments in part received during the related
Prepayment Period, together with the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal Balance of each
Mortgage Loan which was the subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the applicable Non-PO
Percentage of the sum of (A) the Scheduled Principal Balance of each
Mortgage Loan that became a Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) during the related Prepayment Period and (B)
the Scheduled Principal Balance of each Mortgage Loan that was purchased by
an insurer from the Trustee during the related Prepayment Period pursuant
to the related Primary Insurance Policy, as reduced in each case by the
Senior Percentage of the applicable Non-PO Percentage of the principal
portion of any Excess Losses (other than Excess Bankruptcy Losses
attributable to Debt Service Reductions), and (y) the Senior Prepayment
Percentage of the applicable Non-PO Percentage of the sum of (A) all Net
Liquidation Proceeds allocable to principal received in respect of each
such Liquidated Mortgage Loan (other than Mortgage Loans described in
clause (B)) and (B) the principal balance of each such Mortgage Loan
purchased by an insurer from the Trustee pursuant to the related Primary
Insurance Policy, in each case during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the applicable Non-PO
Percentage of the Scheduled Principal Balance of each Mortgage Loan which
was purchased on such Distribution Date pursuant to Section 2.02, 2.03(a)
or 3.16; and
(v) the Senior Prepayment Percentage of the applicable Non-PO
Percentage of the Substitution Amount for any Mortgage Loan substituted
during the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal Prepayment in full
with respect to a Mortgage Loan serviced by a Primary Servicer shall be deemed
to have been received when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date, the lesser of (i) 100% and
(ii) the percentage (carried to six places rounded up) obtained by dividing the
Senior Certificate Principal Balance immediately prior to such Distribution Date
by an amount equal to the sum of the Certificate Principal Balances of all the
Certificates other than any Class PO Certificates immediately prior to such
Distribution Date.
Senior Prepayment Percentage: For any Distribution Date occurring prior to
the fifth anniversary of the first Distribution Date, 100%. For any Distribution
Date occurring on or after the fifth anniversary of the first Distribution Date,
an amount as follows:
(i) for any Distribution Date subsequent to March 2004 to and
including the Distribution Date in March 2005, the Senior Percentage
for such Distribution Date plus 70% of the Junior Percentage for such
Distribution Date;
(ii) for any Distribution Date subsequent to March 2005 to and
including the Distribution Date in March 2006, the Senior Percentage
for such Distribution Date plus 60% of the Junior Percentage for such
Distribution Date;
(iii) for any Distribution Date subsequent to March 2006 to
and including the Distribution Date in March 2007, the Senior
Percentage for such Distribution Date plus 40% of the Junior Percentage
for such Distribution Date;
(iv) for any Distribution Date subsequent to March 2007 to and
including the Distribution Date in March 2008, the Senior Percentage
for such Distribution Date plus 20% of the Junior Percentage for such
Distribution Date; and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any Distribution Date the Senior
Percentage exceeds the Senior Percentage as of the Closing Date, the Senior
Prepayment Percentage for such Distribution Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of the Senior
Prepayment Percentage below the level in effect for the most recent prior period
as set forth in clauses (i) through (iv) above shall be effective on any
Distribution Date unless at least one of the following two tests is satisfied:
Test I: If, as of the last day of the month preceding such Distribution
Date, (i) the aggregate Scheduled Principal Balance of Mortgage Loans delinquent
60 days or more (including for this purpose any Mortgage Loans in foreclosure
and REO Mortgage Loans) as a percentage of the aggregate Class Certificate
Principal Balance of the Junior Certificates as of such date, does not exceed
50%, and (ii) cumulative Realized Losses with respect to the Mortgage Loans do
not exceed (a) 30% of the aggregate Class Certificate Principal Balance of the
Junior Certificates as of the Closing Date (the "Original Subordinate Principal
Balance") if such Distribution Date occurs between and including April 2004 and
March 2005, (b) 35% of the Original Subordinate Principal Balance if such
Distribution Date occurs between and including April 2005 and March 2006, (c)
40% of the Original Subordinate Principal Balance if such Distribution Date
occurs between and including April 2006 and March 2007, (d) 45% of the Original
Subordinate Principal Balance if such Distribution Date occurs between and
including April 2007 and March 2008 and (e) 50% of the Original Subordinate
Principal Balance if such Distribution Date occurs during or after April 2008;
or
Test II: If, as of the last day of the month preceding such Distribution
Date, (i) the aggregate Scheduled Principal Balance of Mortgage Loans delinquent
60 days or more (including for this purpose any Mortgage Loans in foreclosure
and REO Mortgage Loans) averaged over the last three months, as a percentage of
the aggregate Scheduled Principal Balance of Mortgage Loans averaged over the
last three months, does not exceed 4%, and (ii) cumulative Realized Losses with
respect to the Mortgage Loans do not exceed (a) 10% of the Original Subordinate
Principal Balance if such Distribution Date occurs between and including April
2004 and March 2005, (b) 15% of the Original Subordinate Principal Balance if
such Distribution Date occurs between and including April 2005 and March 2006,
(c) 20% of the Original Subordinate Principal Balance if such Distribution Date
occurs between and including April 2006 and March 2007, (d) 25% of the Original
Subordinate Principal Balance if such Distribution Date occurs between and
including April 2007 and March 2008, and (e) 30% of the Original Subordinate
Principal Balance if such Distribution Date occurs during or after April 2008.
Servicer's Certificate: A certificate, completed by and executed on behalf
of the Company by a Servicing Officer in accordance with Section 4.06,
substantially in the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and Distribution Date, an amount
equal to the product of (i) the Scheduled Principal Balance of such Mortgage
Loan as of the Due Date in the preceding calendar month and (ii) the Servicing
Fee Rate for such Mortgage Loan.
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.
Servicing Officer: Any officer of the Company involved in, or responsible
for, the administration and servicing of the Mortgage Loans whose name appears
on a list of servicing officers attached to an Officer's Certificate furnished
to the Trustee by the Company, as such list may from time to time be amended.
Single Certificate: A Certificate with an Initial Certificate Principal
Balance, or initial Notional Principal Balance, of $1,000 or, in the case of a
Class of Certificates issued with an initial Class Certificate Principal Balance
or initial Notional Principal Balance of less than $1,000, such lesser amount.
Special Event Loss: Any Fraud Loss, Special Hazard Loss or Deficient
Valuation.
Special Hazard Loss: (i) A Realized Loss suffered by a Mortgaged Property
on account of direct physical loss, exclusive of (a) any loss covered by a
hazard policy or a flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any loss caused by or
resulting from:
(A) normal wear and tear;
(B) conversion or other dishonest act on the part of the Trustee, the
Company or any of their agents or employees; or
(C) errors in design, faulty workmanship or faulty materials, unless
the collapse of the property or a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund arising from or
related to the presence or suspected presence of hazardous wastes or hazardous
substances on a Mortgaged Property unless such loss to a Mortgaged Property is
covered by a hazard 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
$6,352,015 minus the sum of (i) the aggregate amount of Special Hazard Losses
that would have been allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation Limitation and (ii) the
Adjustment Amount (as defined below) as most recently calculated. On each
anniversary of the Cut-off Date, the "Adjustment Amount" shall be equal to the
amount, if any, by which the amount calculated in accordance with the preceding
sentence (without giving effect to the deduction of the Adjustment Amount for
such anniversary) exceeds the lesser of (x) the greater of (A) the product of
the Special Hazard Percentage for such anniversary multiplied by the outstanding
principal balance of all the Mortgage Loans on the Distribution Date immediately
preceding such anniversary and (B) twice the outstanding principal balance of
the Mortgage Loan which has the largest outstanding principal balance on the
Distribution Date immediately preceding such anniversary, and (y) an amount
calculated by the Company and approved by each Rating Agency, which amount shall
not be less than $500,000.
Special Hazard Percentage: As of each anniversary of the Cut-off Date, the
greater of (i) 1.27% and (ii) the largest percentage obtained by dividing (x)
the aggregate outstanding principal balance (as of the immediately preceding
Distribution Date) of the Mortgage Loans secured by Mortgaged Properties located
in a single, five-digit zip code area in the State of California by (y) the
outstanding principal balance of all the Mortgage Loans as of the immediately
preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date upon which the
Special Hazard Loss Amount has been reduced to zero or a negative number (or the
Cross-Over Date, if earlier).
Specified Component: None.
Startup Day: As defined in Section 2.05(b).
Strip Rate: With respect to the Class S Certificates and any Distribution
Date, a variable rate per annum equal to the excess of (x) the weighted average
(by Scheduled Principal Balance) carried to six decimal places, rounded down, of
the Net Mortgage Rates of the Outstanding Non-Discount Mortgage Loans as of the
Due Date in the preceding calendar month (or the Cut-off Date, in the case of
the first Distribution Date) over (y) 6.50%; provided, however, that such
calculation shall not include any Mortgage Loan that was the subject of a
Voluntary Principal Prepayment in full received by the Company (or of which the
Company received notice, in the case of a Mortgage Loan serviced by a Primary
Servicer) on or after the first day but on or before the 15th day of such
preceding calendar month.
Subordinate Certificates: As to any date of determination, first, the Class
B5 Certificates until the Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; third, the Class B3
Certificates until the Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the Class B2 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; fifth, the Class B1
Certificates until the Class Certificate Principal Balance thereof has been
reduced to zero; and sixth, the Class M Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero.
Subordinate Certificate Writedown Amount: As to any Distribution Date,
first, any amount distributed to the Class PO Certificates on such Distribution
Date pursuant to Section 4.01(a)(iv) and second, after giving effect to the
application of clause first above, the amount by which (i) the sum of the Class
Certificate Principal Balances of all the Certificates (after giving effect to
the distribution of principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the related Certificates on
such Distribution Date) exceeds (ii) the Pool Scheduled Principal Balance on the
first day of the month of such Distribution Date less any Deficient Valuations
occurring on or prior to the Bankruptcy Coverage Termination Date.
Substitution Amount: With respect to any Mortgage Loan substituted pursuant
to Section 2.03(b), the excess of (x) the Scheduled Principal Balance of the
Mortgage Loan that is substituted for, over (y) the Scheduled Principal Balance
of the related substitute Mortgage Loan, each balance being determined as of the
date of substitution.
Surety: Ambac Assurance Corporation, or its successors in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy No. AB0039BE), dated
February 28, 1996, issued by the Surety for the benefit of certain
beneficiaries, including the Trustee for the benefit of the Holders of the
Certificates, but only to the extent that such Limited Purpose Surety Bond
covers any Pledged Asset Mortgage Loans.
TAC Balance: As to any Distribution Date and any Class of TAC Certificates
and any TAC Component, the balance designated as such for such Distribution Date
and such Class or Component as set forth in the Principal Balance Schedules
attached as Exhibit B hereto.
TAC Certificates: None.
TAC Component: None.
Trigger Event: Any one or more of the following: (i) if the Company is not
a wholly-owned direct or indirect subsidiary of General Electric Company or if
General Electric Capital Corporation shall not own (directly or indirectly) at
least two-thirds of the voting shares of the capital stock of the Company, (ii)
if the long-term senior unsecured rating of General Electric Capital Corporation
is downgraded or withdrawn by Fitch or S&P below their two highest rating
categories, (iii) if General Electric Capital Corporation is no longer obligated
pursuant to the terms of the support agreement, dated as of October 1, 1990,
between General Electric Capital Corporation and the Company, to maintain the
Company's net worth or liquidity (as such terms are defined therein) at the
levels specified therein, or if such support agreement, including any amendment
thereto, has been breached, terminated or otherwise held to be unenforceable and
(iv) if such support agreement, including any amendment thereto, is amended or
modified.
Trust Fund: The corpus of the trust created by this Agreement evidenced by
the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of such Mortgage Loans,
except as otherwise described in the first paragraph of Section 2.01,
including the proceeds from the liquidation of any Additional Collateral
for any Pledged Asset Mortgage Loan;
(iii) the obligation of the Company to deposit in the Certificate
Account the amounts required by Sections 3.02(d), 3.02(e) and 4.04(a), and
the obligation of the Trustee to deposit in the Certificate Account any
amount required pursuant to Section 4.04(b);
(iv) the obligation of the Company to purchase or replace any
Defective Mortgage Loan pursuant to Section 2.02 or 2.03;
(v) all property acquired by foreclosure or deed in lieu of
foreclosure with respect to any REO Mortgage Loan;
(vi) the proceeds of the Primary Insurance Policies, if any,
and the hazard insurance policies required by Section 3.06, in each
case, in respect of the Mortgage Loans, and the Company's interest in
the Surety Bond transferred to the Trustee pursuant to Section 2.01;
(vii) the Certificate Account established pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any, established pursuant
to Section 3.02(e);
(ix) any collateral funds established to secure the obligations of the
Holder of the Class B4 and Class B5 Certificates, respectively, under any
agreements entered into between such holder and the Company pursuant to
Section 3.08(e) (which collateral funds will not constitute a part of any
REMIC established hereunder); and
(x) all rights of the Company as assignee under any security
agreements, pledge agreements or guarantees relating to the Additional
Collateral supporting any Pledged Asset Mortgage Loan (which rights will
not constitute a part of any REMIC established hereunder).
Trustee: The institution executing this Agreement as Trustee, or its
successor in interest, or if any successor trustee is appointed as herein
provided, then such successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(f) herein.
Uninsured Cause: Any cause of damage to property subject to a Mortgage such
that the complete restoration of the property is not fully reimbursable by the
hazard insurance policies required to be maintained pursuant to Section 3.06.
Unpaid Class Interest Shortfall: As to any Distribution Date and any Class
of Certificates (other than any Class of Principal Only Certificates and any
Class consisting of Specified Components) or any Specified Component (other than
any Principal Only Component), the amount, if any, by which the aggregate of the
Class Interest Shortfalls for such Class or in respect of such Specified
Component for prior Distribution Dates is in excess of the aggregate amounts
distributed on prior Distribution Dates to Holders of such Class of Certificates
or in respect of such Specified Component (or added to the Class Certificate
Principal Balance of any Class of Accrual Certificates, or to the Component
Principal Balance of any Accrual Component constituting a Specified Component)
pursuant to Section 4.01(a)(ii), in the case of the Senior Certificates (other
than any Class of Principal Only Certificates) and any Specified Component
thereof (other than any Principal Only Component), and the Class S Certificates,
Section 4.01(a)(vi), in the case of the Class M Certificates, Section
4.01(a)(ix), in the case of the Class B1 Certificates, Section 4.01(a)(xii), in
the case of the Class B2 Certificates, Section 4.01(a)(xv), in the case of the
Class B3 Certificates, Section 4.01(a)(xviii), in the case of the Class B4
Certificates, and Section 4.01(a)(xxi), in the case of the Class B5
Certificates. As to any Class of Certificates consisting of Specified Components
and any Distribution Date, the sum of the Unpaid Class Interest Shortfalls for
the Specified Components thereof on such date.
Voluntary Principal Prepayment: With respect to any Distribution Date, any
prepayment of principal received from the related Mortgagor on a Mortgage Loan.
Voting Rights: The portion of the voting rights of all the Certificates
that is allocated to any Certificate for purposes of the voting provisions of
Section 10.01. At all times during the term of this Agreement, 99% of all Voting
Rights shall be allocated to the Certificates other than the Class S
Certificates, and 1% of all Voting Rights shall be allocated to the Class S
Certificates. Voting Rights allocated to the Class S Certificates shall be
allocated among the Certificates of such Class in proportion to their Notional
Principal Balances. Voting Rights allocated to the other Classes of Certificates
shall be allocated among such Classes (and among the Certificates within each
such Class) in proportion to their Class Certificate Principal Balances (or
Certificate Principal Balances), as the case may be.
Article II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The Company, concurrently
with the execution and delivery of this Agreement, does hereby transfer, assign,
set-over and otherwise convey to the Trustee without recourse (except as
provided herein) all the right, title and interest of the Company in and to the
Mortgage Loans, including all interest and principal received by the Company on
or with respect to the Mortgage Loans (other than payments of principal and
interest due and payable on the Mortgage Loans on or before, and all Principal
Prepayments received before, the Cut-off Date).
The Company acknowledges it has sold all right, title and interest in and
to the Mortgage Loans to the Trustee to the extent provided above and that
retention of record title of Mortgages (subject to Section 2.01(d) of this
Agreement) is for convenience only and that the Company holds record title
solely as custodian for the Trustee for benefit of the Certificateholders. The
Company agrees that it will take no action inconsistent with ownership of the
Mortgage Loans by the Trustee and will not deliver any instrument of
satisfaction or conveyance with respect to a Mortgage or a Mortgage Loan, or
convey or purport to convey any interest in a Mortgage Loan, except in
accordance with the terms and the intent of this Agreement.
In addition, with respect to any Pledged Asset Mortgage Loan, the Company
does hereby transfer, assign, set-over and otherwise convey to the Trustee
without recourse (except as provided herein) (i) its rights as assignee under
any security agreements, pledge agreements or guarantees relating to the
Additional Collateral supporting any Pledged Asset Mortgage Loan, (ii) its
security interest in and to any Additional Collateral, (iii) its right to
receive payments in respect of any Pledged Asset Mortgage Loan pursuant to the
Pledged Asset Mortgage Servicing Agreement, and (iv) its rights as beneficiary
under the Surety Bond in respect of any Pledged Asset Mortgage Loan.
(b) In connection with such transfer and assignment, the Company does
hereby deliver to the Trustee the following documents or instruments with
respect to:
(1) Each Mortgage Loan (other than any Cooperative Loan or
Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in blank by the
Company, including all intervening endorsements showing a complete
chain of endorsement from the originator to the Company; provided,
however, that if such Mortgage Note is a Confirmatory Mortgage Note,
such Confirmatory Mortgage Note may be payable directly to the Company
or may show a complete chain of endorsement from the named payee to
the Company;
(ii) Any assumption and modification agreement;
(iii) An assignment in recordable form (which may be included in
a blanket assignment or assignments) of the Mortgage to the Trustee;
and
(2) Each Cooperative Loan (other than a Designated Loan) so
transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in blank by the
Company and showing an unbroken chain of endorsements from the
originator to the Company; provided, however, that if such Mortgage
Note is a Confirmatory Mortgage Note, such Confirmatory Mortgage Note
may be payable directly to the Company or may show a complete chain of
endorsement from the named payee to the Company;
(ii) A counterpart of the Proprietary Lease and the Assignment of
Proprietary Lease executed in blank or to the originator of the
Cooperative Loan;
(iii) The related Cooperative Stock Certificate, together with an
undated stock power (or other similar instrument) executed in blank;
(iv) A counterpart of the recognition agreement by the
Cooperative of the interests of the mortgagee with respect to the
related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing statement, and any
continuation statements, filed by the originator of such Cooperative
Loan as secured party, each with evidence of recording thereof,
evidencing the interest of the originator in the Cooperative Stock and
the Proprietary Lease;
(vii) If applicable, copies of the UCC-3 assignments of the
security interest described in clause (vi) above, sent to the
appropriate public office for filing, showing an unbroken chain of
title from the originator to the Company, evidencing the security
interest of the originator in the Cooperative Stock and the
Proprietary Lease;
(viii) An executed assignment (which may be a blanket assignment
for all Cooperative Loans) of the interest of the Company in the
Security Agreement, Assignment of Proprietary Lease and the
recognition agreement described in clause (iv) above, showing an
unbroken chain of title from the originator to the Trustee; and
(ix) A UCC-3 assignment from the Company to the Trustee of the
security interest described in clause (vi) above, in form suitable for
filing, otherwise complete except for filing information regarding the
original UCC-1 if unavailable (which may be included in a blanket
assignment to the Trustee).
In instances where a completed assignment of the Mortgage in recordable
form cannot be delivered by the Company to the Trustee in accordance with
Section 2.01(b)(1)(iii) prior to or concurrently with the execution and delivery
of this Agreement, due to a delay in connection with recording of the Mortgage,
the Company may, in lieu of delivering the completed assignment in recordable
form, deliver to the Trustee the assignment in such form, otherwise complete
except for recording information.
(3) With respect to each Designated Loan, the Company does hereby
deliver to the Trustee the Designated Loan Closing Documents.
(c) In connection with each Mortgage Loan transferred and assigned to the
Trustee, the Company shall deliver to the Trustee the following documents or
instruments as promptly as practicable, but in any event within 30 days, after
receipt by the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated thereon
(other than with respect to a Cooperative Loan);
(ii) a copy of the title insurance policy (other than with
respect to a Cooperative Loan);
(iii) with respect to any Mortgage that has been assigned to the
Company, the related recorded intervening assignment or assignments of
Mortgage, showing a complete chain of assignment from the originator
to the Company (other than with respect to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan that has been assigned
to the Company, the related filed intervening UCC-3 financing
statements (not previously delivered pursuant to Section
2.01(b)(2)(vii)), showing a complete chain of assignment from the
named originator to the Company.
Pending such delivery, the Company shall retain in its files (a) copies of the
documents described in clauses (i) and (iii) of the preceding sentence, without
evidence of recording thereon, and (b) title insurance binders with respect to
the Mortgage Loans (other than with respect to a Cooperative Loan). The Company
shall also retain in its files evidence of any primary mortgage insurance
relating to the Mortgage Loans during the period when the related insurance is
in force. Such evidence shall consist, for each Mortgage Loan, of a certificate
of private mortgage insurance relating to such Mortgage Loan or an electronic
screen print setting forth the information contained in such certificate of
private mortgage insurance, including, without limitation, information relating
to the name of the mortgage insurance carrier, the certificate number, the loan
amount, the property address, the effective date of coverage, the amount of
coverage and the expiration date of the policy. (The copies of the Mortgage,
intervening assignments of Mortgage, if any, title insurance binder and the
Primary Insurance Policy, if any, described in the second and third preceding
sentences are collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the Trustee in writing
if such delivery to the Trustee shall not have occurred on or before the first
anniversary of the Closing Date. The Company shall promptly furnish to the
Trustee the documents included in the Document Files (other than any such
documents previously delivered to the Trustee as originals or copies) either (a)
upon the written request of the Trustee or (b) when the Company or the Trustee
obtains actual notice or knowledge of a Trigger Event. The Trustee shall have no
obligation to request delivery of the Document Files unless a Responsible
Officer of the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid in full after the
Cut-off Date and prior to the date of execution and delivery of this Agreement,
the Company, in lieu of delivering the above documents to the Trustee, herewith
delivers to the Trustee a certification of a Servicing Officer of the nature set
forth in Section 3.09.
(d) The Company shall not be required to record the assignments of the
Mortgages referred to in Section 2.01(b)(1)(iii) or file the UCC-3 assignments
referred to in Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual notice or knowledge of the occurrence of any Trigger
Event; provided, however, that such recording or filing shall not be required if
the Company delivers to the Trustee a letter from each Rating Agency to the
effect that the failure to take such action will not cause such Rating Agency to
reduce or withdraw its then current ratings of the Certificates. The party
obtaining actual notice or knowledge of any of such events shall give the other
party prompt written notice thereof. For purposes of the foregoing (as well as
for purposes of determining whether the Company shall be required to deliver the
Document Files to the Trustee following the occurrence of a Trigger Event), the
Company shall be deemed to have knowledge of any such downgrading referred to in
the definition of Trigger Event if, in the exercise of reasonable diligence, the
Company has or should have had knowledge thereof. As promptly as practicable
subsequent to the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording or filing information in the
assignments of the Mortgages or UCC-3 assignments to the Trustee and shall cause
the same to be recorded or filed, at the Company's expense, in the appropriate
public office for real property records or UCC financing statements, except that
the Company need not cause to be so completed and recorded any assignment of
mortgage which relates to a Mortgage Loan secured by property in a jurisdiction
under the laws of which, on the basis of an Opinion of Counsel reasonably
satisfactory to the Trustee and satisfactory to each Rating Agency (as evidenced
in writing), recordation of such assignment is not necessary to protect the
Trustee against discharge of such Mortgage Loan by the Company or any valid
assertion that any Person other than the Trustee has title to or any rights in
such Mortgage Loan. In the event that the Company fails or refuses to record or
file the assignment of Mortgages or UCC-3 financing statement in the
circumstances provided above, the Trustee shall record or cause to be recorded
or filed such assignment or UCC-3 financing statement at the expense of the
Company. In connection with any such recording or filing, the Company shall
furnish such documents as may be reasonably necessary to accomplish such
recording or filing. Notwithstanding the foregoing, at any time the Company may
record or file, or cause to be recorded or filed, the assignments of Mortgages
or UCC-3 financing statement at the expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the examination hereinafter
provided, the Trustee acknowledges receipt of the Mortgage Notes, the
assignments of the Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in Section
2.01(c)(iv)), and the Designated Loan Closing Documents, if any, delivered
pursuant to Section 2.01, and declares that the Trustee holds and will hold such
documents and each other document delivered to it pursuant to Section 2.01 in
trust, upon the trusts herein set forth, for the use and benefit of all present
and future Certificateholders. The Trustee agrees, for the benefit of
Certificateholders, to review each Mortgage File within 45 days after (i) the
execution and delivery of this Agreement, in the case of the Mortgage Notes, the
assignments of the Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in Section
2.01(c)(iv)), and the Designated Loan Closing Documents, if any, (ii) delivery
to the Trustee after the Closing Date of the Mortgage Notes and the assumption
and modification agreements, if any, with respect to each Designated Loan, and
(iii) delivery of the recorded Mortgages, title insurance policies, recorded
intervening assignments of Mortgage, if any, and filed intervening UCC-3
financing statements, if any, with respect to any Cooperative Loan to ascertain
that all required documents set forth in Section 2.01 have been executed,
received and recorded, if applicable, and that such documents relate to the
Mortgage Loans identified in Exhibit C hereto. In performing such examination,
the Trustee may conclusively assume the due execution and genuineness of any
such document and the genuineness of any signature thereon. It is understood
that the scope of the Trustee's examination of the Mortgage Files is limited
solely to confirming, after receipt of the documents listed in Section 2.01,
that such documents have been executed, received and recorded, if applicable,
and relate to the Mortgage Loans identified in Exhibit C to this Agreement. If
in the course of such review the Trustee finds (1) that any document required to
be delivered as aforesaid has not been delivered, or (2) any such document has
been mutilated, defaced or physically altered without the borrower's
authorization or approval, or (3) based upon its examination of such documents,
the information with respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in writing, which
shall have a period of 60 days after receipt of such notice to correct or cure
any such defect. The Company hereby covenants and agrees that, if any such
material defect cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is more than ten
days after the end of such 60-day period repurchase the related Mortgage Loan
from the Trustee at the Purchase Price therefor or replace such Mortgage Loan
pursuant to Section 2.03(b); provided, however, that if the defect (or breach
pursuant to Section 2.03(a)) is one that, had it been discovered before the
Startup Day, would have prevented the Mortgage Loan from being a "qualified
mortgage" within the meaning of the REMIC Provisions, such defect or breach
shall be cured, or the related Mortgage Loan shall be repurchased or replaced,
on a Distribution Date which falls within 90 days of the date of discovery of
such defect or breach. The Purchase Price for the repurchased Mortgage Loan, or
any amount required in respect of a substitution pursuant to Section 2.03(b),
shall be deposited by the Company in the Certificate Account pursuant to Section
3.02(d) on the Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit signed by a
Servicing Officer, the Trustee shall release or cause to be released to the
Company the related Mortgage File and shall execute and deliver or cause to be
executed and delivered such instruments of transfer or assignment, in each case
without recourse, as shall be necessary to vest in the Company any Mortgage Loan
released pursuant hereto. It is understood and agreed that the obligation of the
Company to repurchase or replace any Mortgage Loan as to which a material defect
in a constituent document exists shall constitute the sole remedy respecting
such defect available to Certificateholders or the Trustee on behalf of
Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with respect to a
Designated Loan that is not defective in accordance with the fifth sentence of
the preceding paragraph, the related Lost Note Affidavit delivered pursuant to
Section 2.01 shall be void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the Company; Mortgage Loan
Repurchase. (a) The Company hereby represents and warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto was true and
correct in all material respects at the date or dates respecting which
such information is furnished;
(ii) As of the date of the initial issuance of the Certificates,
other than with respect to Cooperative Loans, each Mortgage is a valid
and enforceable first lien on the property securing the related
Mortgage Note subject only to (a) the lien of current real property
taxes and assessments, (b) covenants, conditions and restrictions,
rights of way, easements and other matters of public record as of the
date of recording of such Mortgage, such exceptions appearing of
record being acceptable to mortgage lending institutions generally in
the area wherein the property subject to the Mortgage is located or
specifically reflected in the appraisal obtained in connection with
the origination of the related Mortgage Loan obtained by the Company
and (c) other matters to which like properties are commonly subject
which do not materially interfere with the benefits of the security
intended to be provided by such Mortgage;
(iii) Immediately prior to the transfer and assignment herein
contemplated, the Company had good title to, and was the sole owner
of, each Mortgage Loan and all action had been taken to obtain good
record title to each related Mortgage. Each Mortgage Loan has been
transferred free and clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the Certificates,
no payment of principal of or interest on or in respect of any
Mortgage Loan is 30 or more days past due and none of the Mortgage
Loans have been past due 30 or more days more than once during the
preceding 12 months;
(v) As of the date of the initial issuance of the Certificates,
other than with respect to Cooperative Loans, there is no mechanics'
lien or claim for work, labor or material affecting the premises
subject to any Mortgage which is or may be a lien prior to, or equal
or coordinate with, the lien of such Mortgage except those which are
insured against by the title insurance policy referred to in (x)
below;
(vi) As of the date of the initial issuance of the Certificates,
other than with respect to Cooperative Loans, there is no delinquent
tax or assessment lien against the property subject to any Mortgage;
(vii) As of the date of the initial issuance of the Certificates,
there is no valid offset, defense or counterclaim to any Mortgage Note
or Mortgage, including the obligation of the Mortgagor to pay the
unpaid principal and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage (or, in
the case of a Cooperative Loan, the related Cooperative Apartment) is
free of material damage and is in good repair;
(ix) Each Mortgage Loan at the time it was made complied in all
material respects with applicable state and federal laws, including,
without limitation, usury, equal credit opportunity and disclosure
laws;
(x) Other than with respect to Cooperative Loans, a lender's
title insurance policy or binder, or other assurance of title
insurance customary in the relevant jurisdiction therefor was issued
on the date of the origination of each Mortgage Loan and each such
policy or binder is valid and remains in full force and effect;
(xi) None of the Mortgage Loans constitute Pledged Asset Mortgage
Loans. The Loan-to-Value Ratio of each Mortgage Loan (other than
Pledged Asset Mortgage Loans) was not more than 95.00%. Each Mortgage
Loan that had, as of the Cut-off Date, a Loan-to-Value Ratio of more
than 80% 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. None of the Pledged Asset
Mortgage Loans is covered by a Primary Insurance Policy;
(xii) Each Mortgage Note is payable on the first day of each
month in self-amortizing monthly installments of principal and
interest, with interest payable in arrears, over an original term of
not more than thirty years. The Mortgage Rate of each Mortgage Note of
the related Mortgage Loan was not less than 5.875% per annum and not
greater than 9.000% per annum. The Mortgage Rate of each Mortgage Note
is fixed for the life of the related Mortgage Loan;
(xiii) Other than with respect to Cooperative Loans, the
improvements on the Mortgaged Properties are insured against loss
under a hazard insurance policy with extended coverage and conforming
to the requirements of Section 3.06 hereof. As of the date of initial
issuance of the Certificates, all such insurance policies are in full
force and effect;
(xiv) As of the Cut-off Date, (i) no more than 11.50% of the
Mortgage Loans by Scheduled Principal Balance had a Scheduled
Principal Balance of more than $500,000 and up to and including
$750,000; (ii) no more than 2.00% of the Mortgage Loans by Scheduled
Principal Balance had a Scheduled Principal Balance of more than
$750,000 and up to and including $1,000,000; and (iii) none of the
Mortgage Loans by Scheduled Principal Balance had a Scheduled
Principal Balance of more than $1,000,000;
(xv) As of the Cut-off Date, no more than 1.50% of the Mortgage
Loans by Scheduled Principal Balance are secured by Mortgaged
Properties located in any one postal zip code area;
(xvi) As of the Cut-off Date, at least 98.00% of the Mortgage
Loans by Scheduled Principal Balance are secured by Mortgaged
Properties determined by the Company to be the primary residence of
the Mortgagor. The basis for such determination is the making of a
representation by the Mortgagor at origination that he or she intends
to occupy the underlying property;
(xvii) As of the Cut-off Date, at least 92.75% of the Mortgage
Loans by Scheduled Principal Balance are secured by one-family
detached residences;
(xviii) As of the Cut-off Date, no more than 3.25% of the
Mortgage Loans by Scheduled Principal Balance are secured by
condominiums and, as of the Cut-off Date, no more than 1.25% of the
Mortgage Loans by Scheduled Principal Balance are secured by two- to
four-family residential properties. As to each condominium or related
Mortgage Loan, (a) the related condominium is in a project that is on
the FNMA or FHLMC approved list, (b) the related condominium is in a
project that, upon submission of appropriate application, 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 0.25% of the
Mortgage Loans by Scheduled Principal Balance are secured by
condominiums located in any one postal zip code area;
(xix) Other than with respect to Cooperative Loans, no Mortgage
Loan is secured by a leasehold interest in the related Mortgaged
Property and each Mortgagor holds fee title to the related Mortgaged
Property;
(xx) As of the Cut-off Date, none of the Mortgage Loans
constituted Buydown Mortgage Loans;
(xxi) The original principal balances of the Mortgage Loans range
from $237,000.00 to $1,000,000.00;
(xxii) As of the Cut-off Date, no more than 1.75% of the Mortgage
Loans by Scheduled Principal Balance are secured by second homes and
no more than 0.25% of the Mortgage Loans by Scheduled Principal
Balance are secured by investor-owned properties;
(xxiii) All appraisals have been prepared substantially in
accordance with the description contained under the caption "The
Trusts -- The Mortgage Loans" in the Company's prospectus dated March
12, 1999, accompanying the Prospectus Supplement dated March 23, 1999,
pursuant to which certain Classes of the Certificates were publicly
offered;
(xxiv) No selection procedures, other than those necessary to
comply with the representations and warranties set forth herein or the
description of the Mortgage Loans made in any disclosure document
delivered to prospective investors in the Certificates, have been
utilized in selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the Certificateholders;
(xxv) Other than with respect to Cooperative Loans, to the best
of the Company's knowledge, at origination no improvement located on
or being part of a Mortgaged Property was in violation of any
applicable zoning and subdivision laws and ordinances;
(xxvi) None of the Mortgage Loans is a temporary construction
loan. With respect to any Mortgaged Property which constitutes new
construction, the related construction has been completed
substantially in accordance with the specifications therefor and any
incomplete aspect of such construction shall not be material or
interfere with the habitability or legal occupancy of the Mortgaged
Property. Mortgage Loan amounts sufficient to effect any such
completion are in escrow for release upon or in connection with such
completion or a performance bond or completion bond is in place to
provide funds for this purpose and such completion shall be
accomplished within 120 days after weather conditions permit the
commencement thereof;
(xxvii) As of the Closing Date, each Mortgage Loan is a
"qualified mortgage" as defined in Section 860G(a)(3) of the Code;
(xxviii) As of the Closing Date, the Company possesses the
Document File with respect to each Mortgage Loan, and, other than with
respect to Cooperative Loans, the related Mortgages and intervening
assignment or assignments of Mortgages, if any, have been delivered to
a title insurance company for recording;
(xxix) As of the Cut-Off Date, no more than 0.25% of the Mortgage
Loans, by Scheduled Principal Balance, are Cooperative Loans. With
respect to each Cooperative Loan:
(A) The Security Agreement creates a first lien in the stock
ownership and leasehold rights associated with the related
Cooperative Apartment;
(B) The lien created by the related Security Agreement is a
valid, enforceable and subsisting first priority security
interest in the related Cooperative Stock securing the related
Mortgage Note, subject only to (a) liens of the Cooperative for
unpaid assessments representing the Mortgagor's pro rata share of
the Cooperative's payments for its blanket mortgage, current and
future real property taxes, insurance premiums, maintenance fees
and other assessments to which like collateral is commonly
subject and (b) other matters to which like collateral is
commonly subject which do not materially interfere with the
benefits of the security intended to be provided by the Security
Agreement. There are no liens against or security interest in the
Cooperative Stock relating to such Cooperative Loan (except for
unpaid maintenance, assessments and other amounts owed to the
related Cooperative which individually or in the aggregate do not
have a material adverse effect on such Cooperative Loan), which
have priority over the Trustee's security interest in such
Cooperative Stock;
(C) The Cooperative Stock that is pledged as security for
the Mortgage Loan is held by a person as a "tenant-stockholder"
within the meaning of section 216 of the Code, the related
Cooperative that owns title to the related cooperative apartment
building is a "cooperative housing corporation" within the
meaning of section 216 of the Code, and such Cooperative is in
material compliance with applicable federal, state and local laws
which, if not complied with, could have a material adverse effect
on the Mortgaged Property; and
(D) There is no prohibition against pledging the Cooperative
Stock or assigning the Proprietary Lease; and
(xxx) With respect to each Mortgage Loan identified on Exhibit C
as having been originated or acquired under the Company's Enhanced
Streamlined Refinance program, the value of the related Mortgaged
Property, as of the date of such origination or acquisition under the
Company's Enhanced Streamlined Refinance program, is no less than the
value thereof established at the time the mortgage loan that is the
subject of the refinancing was originated.
It is understood and agreed that the representations and warranties set
forth in this Section 2.03(a) shall survive delivery of the respective Mortgage
Files to the Trustee. Upon discovery by either the Company or the Trustee of a
breach of any of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in the related
Mortgage Loan, the party discovering such breach shall give prompt written
notice to the other. Subject to the following sentence, within 60 days of its
discovery or its receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period specified in such
consent, the Company shall cure such breach in all material respects or shall
repurchase such Mortgage Loan from the Trustee or replace such Mortgage Loan
pursuant to Section 2.03(b). Any such repurchase by the Company shall be
accomplished in the manner set forth in Section 2.02, subject to the proviso of
the third-to-last sentence thereof, and at the Purchase Price. It is understood
and agreed that the obligation of the Company to repurchase or replace any
Mortgage Loan as to which a breach occurred and is continuing shall constitute
the sole remedy respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of the Company to
repurchase or replace any such Mortgage Loan shall not be assumed by any Person
which may succeed the Company as servicer hereunder, but shall continue as an
obligation of the Company. Notwithstanding the preceding sentence, if a breach
of the representation and warranty of the Company contained in Section
2.03(a)(ix) occurs as a result of a violation of the federal Truth in Lending
Act, 15 U.S.C. ss. 1601 et seq., as amended ("TILA") or any state truth in
lending or similar statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in respect of such
violation and liability in respect thereof is imposed upon the Trustee or the
Trust Fund as assignees of the related Mortgage Loan pursuant to Section 1641 of
TILA, or any analogous provision of any such statute, the Company shall
indemnify the Trustee and the Trust Fund from, and hold them harmless against,
any and all losses, liabilities, damages, claims or expenses (including
reasonable attorneys' fees) to which the Trustee and the Trust Fund, or either
of them, become subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable attorneys' fees)
result from such violation. The Company's obligations under the preceding
sentence shall not impair or derogate from the Company's obligations to the
Trustee under Section 8.05.
(b) If the Company is required to repurchase any Mortgage Loan pursuant to
Section 2.02 or 2.03(a), the Company may, at its option, within the applicable
time period specified in such respective Sections, remove such Defective
Mortgage Loan from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of repurchasing such
Defective Mortgage Loan, provided that no such substitution shall occur more
than two years after the Closing Date. Any substitute Mortgage Loan shall (a)
have a Scheduled Principal Balance (together with that of any other Mortgage
Loan substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in excess of the
Scheduled Principal Balance of the Defective Mortgage Loan as of such date (the
amount of any difference, plus one month's interest thereon at the respective
Net Mortgage Rate, to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less than, and not more
than one percentage point greater than, the Mortgage Rate of the Defective
Mortgage Loan, (c) have the same Net Mortgage Rate as the Defective Mortgage
Loan, (d) have a remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of the Defective
Mortgage Loan, (e) be, in the reasonable determination of the Company, of the
same type, quality and character as the Defective Mortgage Loan as if the defect
or breach had not occurred, (f) have a ratio of its current principal amount to
its Original Value not greater than that of the removed Mortgage Loan and (g)
be, in the reasonable determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of the date of
substitution.
The Company shall amend the Mortgage Loan Schedule to reflect the
withdrawal of any Defective Mortgage Loan and the substitution of a substitute
Mortgage Loan therefor. Upon such amendment the Company shall be deemed to have
made as to such substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution, which shall be
continuing as long as any Certificate shall be outstanding or this Agreement has
not been terminated, and the remedies for breach of any such representation or
warranty shall be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating to the
substitute Mortgage Loan, within the time and in the manner and with the
remedies specified in Section 2.02, except that for purposes of this Section
2.03(b) (other than the two-year period specified in the first sentence of the
preceding paragraph of this Section 2.03(b)), such time shall be measured from
the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee has caused to be
executed, countersigned and delivered to or upon the order of the Company, in
exchange for the Mortgage Loans, the Certificates in authorized denominations
evidencing the entire ownership of the Trust Fund.
Section 2.05. Designations under the REMIC Provisions. (a) The Company
hereby designates the Classes of Certificates identified in Section 5.01(b),
other than the Residual Certificate, as "regular interests," and the Class R
Certificate as the single class of "residual interest," in the REMIC established
hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the REMIC established
hereunder for purposes of the REMIC Provisions.
(c) The "tax matters person" with respect to the REMIC established
hereunder for purposes of the REMIC Provisions shall be (i) the Company, if the
Company is the owner of a Class R Certificate, or (ii) in any other case, the
beneficial owner of the Class R Certificate having the largest Percentage
Interest of such Class; provided, however, that such largest beneficial owner
and, to the extent relevant, each other holder of a Class R Certificate, by its
acceptance thereof irrevocably appoints the Company as its agent and
attorney-in-fact to act as "tax matters person" with respect to the REMIC
established hereunder for purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular interests in the
REMIC established hereunder is the Latest Possible Maturity Date for purposes of
section 860G(a)(1) of the Code.
(e) In the event that the Servicing Fee exceeds the amount reasonable for
such services (within the meaning of Treasury Regulation 1.860D-1(b)(1)(ii)),
the portion or portions of such fee that can be measured as a fixed number of
basis points on some or all of the Mortgage Loans and can be treated as one or
more stripped coupons within the meaning of Treasury Regulation
1.860D-1(b)(2)(iii) shall be treated as such stripped coupons and shall not be
treated as a REMIC asset.
Article III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is intended that the REMIC
established hereunder shall constitute, and that the affairs of the REMIC shall
be conducted so as to qualify the Trust Fund (other than any collateral fund
established under the agreement referred to in Section 3.08(e)), as a "real
estate mortgage investment conduit" as defined in and in accordance with the
REMIC Provisions. In furtherance of such intention, the Company covenants and
agrees that it shall act as agent (and the Company is hereby appointed to act as
agent) on behalf of the Trust Fund and the Holders of the Residual Certificates
and that in such capacity it shall:
(i) prepare and file, or cause to be prepared and filed, in a
timely manner, a U.S. Real Estate Mortgage Investment Conduit Income
Tax Return (Form 1066) and prepare and file or cause to be prepared
and filed with the Internal Revenue Service and applicable state or
local tax authorities income tax or information returns for each
taxable year with respect to the REMIC established hereunder, using
the calendar year as the taxable year and the accrual method of
accounting, containing such information and at the times and in the
manner as may be required by the Code or state or local tax laws,
regulations, or rules, and shall furnish or cause to be furnished to
Certificateholders the schedules, statements or information at such
times and in such manner as may be required thereby;
(ii) within thirty days of the Closing Date, shall furnish or
cause to be furnished to the Internal Revenue Service, on Form 8811 or
as otherwise may be required by the Code, the name, title, address,
and telephone number of the person that the holders of the
Certificates may contact for tax information relating thereto (and the
Company shall act as the representative of the REMIC established
hereunder for this purpose), together with such additional information
as may be required by such Form, and shall update such information at
the time or times and in the manner required by the Code;
(iii) make or cause to be made an election, on behalf of the
REMIC established hereunder, to be treated as a REMIC, and make the
appropriate designations, if applicable, in accordance with Section
2.05 hereof on the federal tax return of the Trust Fund for its first
taxable year (and, if necessary, under applicable state law);
(iv) prepare and forward, or cause to be prepared and forwarded,
to the Certificateholders and to the Internal Revenue Service and, if
necessary, state tax authorities, all information returns or reports,
or furnish or cause to be furnished by telephone, mail, publication or
other appropriate method such information, as and when required to be
provided to them in accordance with the REMIC Provisions, including
without limitation, the calculation of any original issue discount
using the Prepayment Assumption Multiple;
(v) provide information necessary for the computation of tax
imposed on the transfer of a Residual Certificate to a Disqualified
Organization, or an agent (including a broker, nominee or other
middleman) of a Disqualified Organization, or a pass-through entity in
which a Disqualified Organization is the record holder of an interest
(the reasonable cost of computing and furnishing such information may
be charged to the Person liable for such tax);
(vi) use its best reasonable efforts to conduct the affairs of
the REMIC established hereunder at all times that any Certificates are
outstanding so as to maintain the status thereof as a REMIC under the
REMIC Provisions;
(vii) not knowingly or intentionally take any action or omit to
take any action that would cause the termination of the REMIC status
of the REMIC or that would subject the Trust Fund to tax;
(viii) exercise reasonable care not to allow the creation of any
"interests" in the REMIC within the meaning of section 860D(a)(2) of
the Code other than the interests represented by the Classes of
Certificates identified in Section 5.01(b);
(ix) exercise reasonable care not to allow the occurrence of any
"prohibited transactions" within the meaning of section 860F of the
Code, unless the Company shall have provided an Opinion of Counsel to
the Trustee that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c) cause the
REMIC established hereunder to fail to qualify as a REMIC;
(x) exercise reasonable care not to allow the Trust Fund to
receive income from the performance of services or from assets not
permitted under the REMIC Provisions to be held by a REMIC;
(xi) pay the amount of any federal or state tax, including
prohibited transaction taxes, taxes on certain contributions to the
REMIC after the Startup Day, and taxes on net income from foreclosure
property, imposed on the Trust Fund when and as the same shall be due
and payable (but such obligation shall not prevent the Company or any
other appropriate Person from contesting any such tax in appropriate
proceedings and shall not prevent the Company from withholding payment
of such tax, if permitted by law, pending the outcome of such
proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such other
person as may be required to sign such returns by the Code or state or
local laws, regulations or rules; and
(xiii) maintain such records relating to the REMIC established
hereunder, including but not limited to the income, expenses,
individual Mortgage Loans (including Mortgaged Property), other assets
and liabilities thereof, and the fair market value and adjusted basis
of the property of each determined at such intervals as may be
required by the Code, as may be necessary to prepare the foregoing
returns, schedules, statements or information.
The Company shall be entitled to be reimbursed pursuant to Section 3.04 for
any federal income taxes paid by it pursuant to clause (xi) of the preceding
sentence, except to the extent that such taxes are imposed as a result of the
bad faith, misfeasance or negligence of the Company in the performance of its
obligations hereunder. With respect to any reimbursement of prohibited
transaction taxes, the Company shall inform the Trustee of the circumstances
under which such taxes were incurred.
(b) The Company shall service and administer the Mortgage Loans and shall
have full power and authority, acting alone or through one or more Primary
Servicers, to do any and all things in connection with such servicing and
administration which it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is hereby
authorized and empowered by the Trustee, to execute and deliver, or file, as
appropriate, on behalf of itself, the Certificateholders and the Trustee or any
of them, any and all continuation statements, termination statements,
instruments of satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to the Mortgage
Loans and with respect to the properties subject to the Mortgages. Without
limitation of the foregoing, if the Company in its individual capacity agrees to
refinance any Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of assignment in
customary form to the Company in its individual capacity. In connection with any
such refinancing, the Trustee shall, upon certification of a Servicing Officer
to the effect that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon at the
applicable Net Mortgage Rate to the date of such certification has been credited
to the Mortgage Loan Payment Record, release the related Mortgage File to the
Company whereupon the Company may cancel the related Mortgage Note. Upon request
by the Company after the execution and delivery of this Agreement, the Trustee
shall furnish the Company with any powers of attorney and other documents
necessary or appropriate to enable the Company to carry out its servicing and
administrative duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially equivalent to those
required for approval by FNMA or FHLMC. The Company shall not agree to any
modification of the material terms of any Mortgage Loan except as provided in
the second sentence of Section 3.02(a) and in Section 3.07. The Company shall
not release any portion of any Mortgaged Property from the lien of the related
Mortgage unless the related Mortgage Loan would be a "qualified mortgage" within
the meaning of the REMIC Provisions following such release.
(c) [Intentionally Omitted.]
(d) The relationship of the Company (and of any successor to the Company as
servicer under this Agreement) to the Trustee under this Agreement is intended
by the parties to be that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the timely payment of
taxes and assessments on the properties subject to the Mortgage Loans shall not,
for the purpose of calculating monthly distributions to Certificateholders, be
added to the amount owing under the related Mortgage Loans, notwithstanding that
the terms of such Mortgage Loans so permit, and such costs shall be recoverable
by the Company to the extent permitted by Section 3.04. The Company shall
collect such amounts from the Mortgagor and shall credit the Mortgage Loan
Payment Record accordingly.
(f) If the Company enters into a servicing agreement with any servicer (a
"Primary Servicer") pursuant to which such Primary Servicer shall directly
service certain Mortgage Loans and the Company shall perform master servicing
with respect thereto, the Company shall not be released from its obligations to
the Trustee and Certificateholders with respect to the servicing and
administration of the Mortgage Loans in accordance with the provisions of
Article III hereof and such obligations shall not be diminished by virtue of any
such servicing agreement or arrangement and the Company shall be obligated to
the same extent and under the same terms and conditions as if the Company alone
were servicing and administering the Mortgage Loans. Any amounts received by a
Primary Servicer in respect of a Mortgage Loan shall be deemed to have been
received by the Company whether or not actually received by it. Any servicing
agreement that may be entered into and any transactions or services relating to
the Mortgage Loans involving a Primary Servicer in its capacity as such shall be
deemed to be between the Company and the Primary Servicer alone, and the Trustee
and the Certificateholders shall have no claims, obligations, duties or
liabilities with respect thereto. Notwithstanding the foregoing, in the event
the Company has been removed as the servicer hereunder pursuant to Section 6.04
or Section 7.01, the Trustee or any successor servicer appointed pursuant to
Section 7.02 shall succeed to all of the Company's rights and interests (but not
to any obligations or liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary Servicer in respect
of the Mortgage Loans, subject to the limitation on the Trustee's
responsibilities under Section 7.02.
(g) In no event shall any collateral fund established under the agreement
referred to in Section 3.08(e) constitute an asset of any REMIC established
hereunder.
Section 3.02. Collection of Certain Mortgage Loan Payments; Mortgage Loan
Payment Record; Certificate Account. (a) The Company shall make reasonable
efforts to collect all payments called for under the terms and provisions of the
Mortgage Loans, and shall, to the extent such procedures shall be consistent
with this Agreement, follow such collection procedures as it follows with
respect to mortgage loans comparable to the Mortgage Loans in its servicing
portfolio. Consistent with the foregoing, the Company may in its discretion (i)
waive any late payment charge or any assumption fees or other fees which may be
collected in the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably foreseeable, arrange
at any time prior to foreclosure with a Mortgagor a schedule for the payment of
due and unpaid principal and interest for a period extending not longer than two
years after the date that such schedule is arranged. Any arrangement of the sort
described in clause (ii) above shall not affect the amount or timing of the
Company's obligation to make Monthly Advances with respect to any Mortgage Loan
which Monthly Advances shall be made pursuant to the original amortization
schedule applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a Mortgage Loan Payment Record
in which the following payments on and collections in respect of each Mortgage
Loan shall as promptly as practicable be credited by the Company for the account
of the Holders of the Certificates:
(i) All payments on account of principal, including Principal
Prepayments (other than (A) payments of principal due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date, (B) in the case of a substitute
Mortgage Loan, payments of principal due and payable on such Mortgage
Loan on or before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day of the
month of substitution, and (C) in the case of a replaced Mortgage
Loan, payments of principal due and payable on such Mortgage Loan
after the Determination Date in the month of substitution, and all
Principal Prepayments received in the month of substitution);
(ii) All payments (other than (A) those due and payable on or
before the Cut-off Date, (B) in the case of a substitute Mortgage
Loan, those due and payable on such Mortgage Loan on or before the
Determination Date in the month of substitution, and (C) in the case
of a replaced Mortgage Loan, those due and payable on such Mortgage
Loan after the Determination Date in the month of substitution) on
account of interest at the applicable Net Mortgage Rate on the
Mortgage Loan received from the related Mortgagor, including any
Buydown Funds applied with respect to interest at the applicable Net
Mortgage Rate on any Buydown Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company with
respect to such Mortgage Loan and the Purchase Price for any Mortgage
Loan purchased by the Company pursuant to Sections 2.02, 2.03 and 3.16
(including any amounts received in respect of a substitution of a
Mortgage Loan);
(iv) All Insurance Proceeds (including, for this purpose, any
amounts required to be credited by the Company pursuant to the last
sentence of Section 3.06) received by the Company for the benefit of
the Trust Fund, other than proceeds to be applied to the restoration
or repair of the property subject to the related Mortgage or released,
or to be released, to the related Mortgagor in accordance with the
normal servicing procedures of the Company;
(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with respect to any
Pledged Asset Mortgage Loan pursuant to the liquidation of any
Additional Collateral or pursuant to any recovery under the Surety
Bond in accordance with Section 4.09.
The foregoing requirements respecting credits to the Mortgage Loan Payment
Record are exclusive, it being understood that, without limiting the generality
of the foregoing, the Company need not enter in the Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in respect of Mortgage
Loans which have been previously released from the terms of this Agreement,
amounts representing fees or late charge penalties payable by Mortgagors, or
amounts received by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and similar items.
(c) Subject to subsection (e) below, until the Business Day prior to each
Distribution Date on which amounts are required to be transferred to the
Certificate Account pursuant to subsection (d) of this Section 3.02, the Company
may retain and commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income thereon, and any
such investment income shall not be subject to any claim of the Trustee or
Certificateholders. To the extent that the Company realizes any net loss on any
such investments, the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to deposit amounts in
the Certificate Account pursuant to subsection (d) of this section 3.02. Any
such deposit shall not increase the Company's obligation under said subsection
(d).
(d) The Trustee shall establish and maintain with the Trustee in its
corporate trust department a single separate trust account designated in the
name of the Trustee for the benefit of the Holders of the Certificates issued
hereunder (the "Certificate Account") into which the Company shall transfer, not
later than 11:00 a.m. New York time on the Business Day prior to each
Distribution Date, an amount in next day funds equal to the sum of Available
Funds for such Distribution Date and any Unanticipated Recoveries received in
the calendar month preceding the month of such Distribution Date. If the Trustee
does not receive such transfer by 2:00 p.m. on such Business Day, it shall give
the Company written notice thereof.
(e) If the Company or a Responsible Officer of the Trustee obtains actual
notice of or knowledge of the occurrence of either (x) any Trigger Event or (y)
the downgrade by S&P of General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+ then, notwithstanding subsection (c) above, the
Company shall promptly establish, and thereafter maintain, one or more Eligible
Accounts in the name of the Trustee and bearing a designation indicating that
amounts therein are held for the benefit of the Trustee and the
Certificateholders, into which the Company and any Primary Servicer shall
deposit within two Business Days after receipt, all amounts otherwise required
to be credited to the Mortgage Loan Payment Record pursuant to Section 3.02(b);
provided, however, that such action shall not be required if the Company
delivers to the Trustee a letter from each Rating Agency to the effect that the
failure to take such action will not cause such Rating Agency to withdraw or
reduce its then current ratings of the Certificates. All amounts so deposited
shall be held in trust for the benefit of Certificateholders. Amounts so
deposited may be invested at the written instruction of the Company in Permitted
Investments in the name of the Trustee maturing no later than the Business Day
preceding the Distribution Date following the date of such investment; provided,
however, that any such Permitted Investment which is an obligation of State
Street Bank and Trust Company, in its individual capacity and not in its
capacity as Trustee, may mature on such Distribution Date; and, provided
further, that no such Permitted Investment shall be sold before the maturity
thereof if the sale thereof would result in the realization of gain prior to
maturity unless the Company has obtained an Opinion of Counsel that such sale or
disposition will not cause the Trust Fund to be subject to the tax on prohibited
transactions under section 860F of the Code, or otherwise subject the Trust Fund
to tax or cause the REMIC established hereunder to fail to qualify as a REMIC.
The Trustee shall maintain physical possession of all Permitted Investments,
other than Permitted Investments maintained in book-entry form. The Company, as
servicer, shall be entitled to retain for its own account any gain or other
income from Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to such income.
The Company shall deposit an amount equal to any loss realized on any Permitted
Investment as soon as any such loss is realized. If the provisions in this
subsection (e) become operable, references in this Agreement to the Mortgage
Loan Payment Record and credits and debits to such Record shall be deemed to
refer to Eligible Accounts and transfers to and withdrawals from such Eligible
Accounts. Any action which may be necessary to establish the terms of an account
pursuant to this Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company, which amendment,
supplement or order shall not require the consent of Certificateholders,
provided that the Company has delivered to the Trustee a letter from each Rating
Agency to the effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings of the
Certificates.
Section 3.03. Collection of Taxes, Assessments and Other Items. Other than
with respect to any Cooperative Loan, the Company shall establish and maintain
with one or more depository institutions one or more accounts into which it
shall deposit all collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the Mortgagors. As
servicer, the Company shall effect the timely payment of all such items for the
account of Mortgagors. Withdrawals from such account or accounts may be made
only to effect payment of taxes, assessments, private mortgage or standard
hazard insurance premiums or comparable items, to reimburse the Company out of
related collections for any payments made regarding taxes and assessments or for
any payments made pursuant to Section 3.05 regarding premiums on Primary
Insurance Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums determined to be
overages, or to pay interest owed to Mortgagors to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan Payment Record. The
Company (or any successor servicer pursuant to Section 7.02) may, from time to
time, make debits to the Mortgage Loan Payment Record for the following
purposes:
(i) To reimburse the Company or the applicable Primary Servicer
for Liquidation Expenses theretofore incurred in respect of any
Mortgage Loan in an amount not to exceed the amount of the related
Liquidation Proceeds credited to the Mortgage Loan Payment Record
pursuant to Section 3.02(b)(iii); provided that the Company or the
applicable Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of foreclosure
proceedings in respect of any Defaulted Mortgage Loan that is
repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary Servicer
for Insured Expenses and amounts expended by it pursuant to Section
3.08 in good faith in connection with the restoration of property
damaged by an Uninsured Cause, in an amount not to exceed the amount
of the related Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts representing proceeds
of other insurance policies covering the property subject to the
related Mortgage credited to the Mortgage Loan Payment Record pursuant
to Section 3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent permitted by
Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect of any
Defective Mortgage Loan or Defaulted Mortgage Loan purchased by the
Company to the extent that the distribution of any such amounts on the
Distribution Date upon which the proceeds of such purchase are
distributed would make the total amount distributed in respect of any
such Mortgage Loan on such Distribution Date greater than the Purchase
Price therefor, net of any unreimbursed Monthly Advances made by the
Company;
(v) To reimburse the Company (or the Trustee, as applicable) for
Monthly Advances theretofore made in respect of any Mortgage Loan to
the extent of late payments, REO Proceeds, Insurance Proceeds and
Liquidation Proceeds in respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor payment of
interest or other recovery with respect to a particular Mortgage Loan,
to the extent not previously retained by the Company, for unpaid
Servicing Fees with respect to such Mortgage Loan, subject to Section
3.08(d);
(vii) To reimburse the Company (or the Trustee, as applicable)
for any Nonrecoverable Advance (which right of reimbursement of the
Trustee pursuant to this clause shall be prior to such right of the
Company);
(viii) To make transfers of funds to the Certificate Account
pursuant to Section 3.02(d);
(ix) To pay to the Company amounts received in respect of any
Mortgage Loan purchased by the Company pursuant to Section 9.01 to the
extent that the distribution of any such amounts on the final
Distribution Date upon which the proceeds of such purchase are
distributed would make the total amount distributed in respect of any
such Mortgage Loan on such Distribution Date greater than the purchase
price therefor specified in clause (x) of the first sentence of
Section 9.01; and
(x) To deduct any amount credited to the Mortgage Loan Payment
Record in error.
The Company shall keep and maintain separate accounting records, on a
Mortgage Loan by Mortgage Loan basis, for the purpose of accounting for debits
to the Mortgage Loan Payment Record pursuant to clauses (i), (ii), (iv), (v) and
(vi) of this Section 3.04; provided, however, that it is understood and agreed
that the records of such accounting need not be retained by the Company for a
period longer than the five most recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance Policies. (a) The
Company shall not take any action which would result in non-coverage under any
applicable Primary Insurance Policy of any loss which, but for the actions of
the Company, would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full force and effect
each such Primary Insurance Policy until the principal balance of the related
Mortgage Note is 80% or less of the greater of (i) the related Original Value
and (ii) the then current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the Company; provided
that no such Primary Insurance Policy need be kept in effect if doing so would
violate applicable law. The Company shall not cancel or refuse to renew any such
Primary Insurance Policy applicable to a Mortgage Loan that is in effect at the
Closing Date and is required to be kept in force hereunder unless the
replacement Primary Insurance Policy for such canceled or non-renewed policy is
maintained with an insurer whose claims-paying ability is acceptable to each
Rating Agency for mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such Rating Agency.
The Company agrees to effect the timely payment of the premium on each Primary
Insurance Policy, and such costs not otherwise recoverable shall be recoverable
by the Company from related Insurance Proceeds and Liquidation Proceeds pursuant
to Section 3.04.
(b) In connection with its activities as administrator and servicer of the
Mortgage Loans, the Company agrees to present, on behalf of itself, the Trustee
and the Certificateholders, claims to the insurer under each Primary Insurance
Policy and, in this regard, to take such reasonable action as shall be necessary
to permit recovery under any Primary Insurance Policy respecting a related
defaulted Mortgage Loan. To the extent provided in Section 3.02(b), any amounts
collected by the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan purchased by a
related insurer) shall be credited to the Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The Company shall cause to
be maintained for each Mortgage Loan, other than a Cooperative Loan, hazard
insurance with a standard mortgagee clause and with extended coverage in an
amount which is at least equal to the maximum insurable value of the
improvements securing such Mortgage Loan from time to time or the principal
balance owing on such Mortgage Loan from time to time, whichever is less. The
Company shall also maintain on property (other than Cooperative Apartments)
acquired upon foreclosure, or by deed in lieu of foreclosure, hazard insurance
with extended coverage in an amount which is at least equal to the lesser of (i)
the maximum insurable value from time to time of the improvements which are a
part of such property or (ii) the unpaid principal balance of such Mortgage Loan
at the time of such foreclosure or deed in lieu of foreclosure plus accrued
interest and the good-faith estimate of the Company of related Liquidation
Expenses to be incurred in connection therewith. To the extent provided in
Section 3.02(b)(iv), amounts collected by the Company under any such policies in
respect of the Mortgage Loans shall be credited to the Mortgage Loan Payment
Record. Such costs shall be recoverable by the Company pursuant to Sections 3.03
and 3.04. In cases in which property securing any Mortgage Loan other than a
Cooperative Loan is located in a federally designated flood area, the hazard
insurance to be maintained for such Mortgage Loan shall include flood insurance.
All such flood insurance shall be in such amounts as are required under
applicable guidelines of FNMA. The Company shall be under no obligation to
require that any Mortgagor maintain earthquake or other additional insurance and
shall be under no obligation itself to maintain any such additional insurance on
property acquired in respect of a Mortgage Loan, other than pursuant to such
applicable laws and regulations as shall at any time be in force and as shall
require such additional insurance. If the Company shall obtain and maintain a
blanket policy insuring against hazard losses on all of the Mortgage Loans
(whether or not including Cooperative Loans), it shall conclusively be deemed to
have satisfied its obligations as set forth in the first sentence of this
Section 3.06, it being understood and agreed that such policy may contain a
deductible clause, in which case the Company shall, in the event that there
shall not have been maintained on the related Mortgaged Property a policy
complying with the first sentence of this Section 3.06, and there shall have
been a loss which would have been covered by such policy, credit to the Mortgage
Loan Payment Record the amount not otherwise payable under the blanket policy
because of such deductible clause.
Section 3.07. Assumption and Modification Agreements. (a) In any case in
which property subject to a Mortgage has been or is about to be conveyed by the
Mortgagor, the Company shall exercise its right to accelerate the maturity of
such Mortgage Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would adversely affect
or jeopardize coverage under the related Primary Insurance Policy, if any;
provided, however, that if the Company is prevented, as provided in Section
3.07(b), from enforcing any such clause, the Company is authorized to make or
enter into an assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant to which such
Person becomes liable under the Mortgage Note and the Mortgagor remains liable
thereon. In connection with any such assumption and modification agreement, the
Company shall apply its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and modification
agreement, however, unless (to the extent practicable in the circumstances) it
shall have received confirmation of the continued effectiveness of any
applicable Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification agreement has been
completed by forwarding to the Trustee the original copy thereof, which copy
shall be added by the Trustee to the related Mortgage File and shall, for all
purposes, be considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In connection with
any such agreement, the Mortgage Rate, mortgage term and any other material term
of such Mortgage Loan shall not be changed. Any fee collected by the Company for
entering into any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other provision of this
Agreement, the Company shall not be deemed to be in default, breach or any other
violation of its obligations hereunder by reason of any assumption of a Mortgage
Loan, or transfer of the property subject to a Mortgage without the assumption
thereof, by operation of law or any assumption or transfer which the Company
reasonably believes it may be restricted by law from preventing, for any reason
whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage Loans. (a) The Company
shall foreclose upon or otherwise comparably convert the ownership of properties
securing such of the Mortgage Loans as come into and continue in default and as
to which no satisfactory arrangements can be made for collection of delinquent
payments pursuant to Section 3.02. In connection with such foreclosure or other
conversion the Company shall, consistent with Section 3.05, follow such
practices and procedures as it shall deem necessary or advisable and as shall be
normal and usual in its general mortgage servicing activities. The foregoing is
subject to the proviso that the Company shall not be required to expend its own
funds in connection with any foreclosure or towards the restoration of any
property unless it shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to Certificateholders
after reimbursement to itself for such expenses and (ii) that such expenses will
be recoverable to it either through Liquidation Proceeds or Insurance Proceeds.
Notwithstanding the foregoing, the Company shall not be entitled to recover
legal expenses incurred in connection with foreclosure proceedings where the
Mortgage Loan is reinstated and such foreclosure proceedings are terminated
prior to completion, other than sums received from the Mortgagor for such
expenses.
Notwithstanding anything to the contrary contained herein, the Company
shall be under no obligation to foreclose upon or otherwise convert the
ownership of any Mortgaged Property which it believes may be contaminated with
or affected by hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on the basis of a
Phase I environmental assessment with respect to the related Mortgaged Property.
Neither the Trustee nor the Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such contamination or
effect exists, the Company does not foreclose upon or otherwise convert the
ownership of a Mortgaged Property. In addition, neither the Trustee nor the
Company shall be liable to the Trust Fund or the Certificateholders if, based on
the Company's belief that no such contamination or effect exists, the Company
forecloses upon a Mortgaged Property and the Trustee or its nominee on behalf of
the Trust Fund takes title to such Mortgaged Property, and thereafter such
Mortgaged Property is determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property is acquired in
foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale
shall be issued to the Trustee, or to its nominee on behalf of the Trust Fund.
Notwithstanding any such acquisition of title and cancellation of the related
Mortgage Loan, such Mortgage Loan shall (except for purposes of Section 9.01) be
considered to be an Outstanding Mortgage Loan until such time as the Mortgaged
Property shall be sold and such Mortgage Loan becomes a Liquidated Mortgage
Loan. Consistent with the foregoing, for purposes of all calculations hereunder
so long as such Mortgage Loan shall be considered to be an Outstanding Mortgage
Loan, it shall be assumed that the related Mortgage Note and its amortization
schedule in effect on and after such acquisition of title (after giving effect
to any previous Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date and before any
adjustment thereto by reason of any bankruptcy (other than as aforesaid) or any
similar proceeding or any moratorium or similar waiver or grace period) remain
in effect (notwithstanding that the indebtedness evidenced by such Mortgage Note
shall have been discharged), subject to adjustment to reflect the application of
REO Proceeds received in any month. REO Proceeds received in any month shall be
applied to the payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of such Mortgage
Note. REO Proceeds received in any month in excess of the Amortization Payment
for such month due on an REO Mortgage Loan shall be treated as a Principal
Prepayment received in respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any Mortgaged Property as
aforesaid or otherwise in connection with a default or imminent default on a
Mortgage Loan, the Company shall dispose of such Mortgaged Property prior to the
close of the third calendar year after the year of its acquisition by the Trust
Fund unless (a) the Trustee shall have been supplied with an Opinion of Counsel
to the effect that the holding by the Trust Fund of such Mortgaged Property
subsequent to such period (and specifying the period beyond such period for
which the Mortgaged Property may be held) will not result in the imposition of
taxes on "prohibited transactions" of the Trust Fund as defined in section 860F
of the Code, or cause the REMIC established hereunder to fail to qualify as a
REMIC at any time that any Certificates are outstanding, in which case the Trust
Fund may continue to hold such Mortgaged Property (subject to any conditions
contained in such Opinion of Counsel), or (b) the Trustee (at the Company's
expense) or the Company shall have applied for, not later than 61 days prior to
the expiration of such period, an extension of such period in the manner
contemplated by section 856(e)(3) of the Code, in which case such period shall
be extended by the time period permitted by section 856(e)(3) of the Code.
Notwithstanding any other provision of this Agreement, no Mortgaged Property
acquired by the Trust Fund shall be rented (or allowed to continue to be rented)
or otherwise used for the production of income by or on behalf of the Trust Fund
or sold in such a manner or pursuant to any terms that would (i) cause such
Mortgaged Property to fail to qualify at any time as "foreclosure property"
within the meaning of section 860G(a)(8) of the Code, (ii) subject the Trust
Fund to the imposition of any federal or state income taxes on "net income from
foreclosure property" with respect to such Mortgaged Property within the meaning
of section 860G(c) of the Code, or (iii) cause the sale of such Mortgaged
Property to result in the receipt by the Trust Fund of any income from
non-permitted assets as described in section 860F(a)(2)(B) of the Code, unless
the Company has agreed to indemnify and hold harmless the Trust Fund with
respect to the imposition of any such taxes.
(d) Any collection of Insurance Proceeds or Liquidation Proceeds will be
applied in the following order of priority: first, to reimburse the Company for
any related unreimbursed Liquidation Expenses and to reimburse the Company or
the Trustee, as applicable, for any related unreimbursed Monthly Advances;
second, to accrued and unpaid interest on the Mortgage Loan at the Mortgage Rate
from the date to which interest was last paid or advanced to the Due Date prior
to the Distribution Date on which such amounts are to be distributed; and third,
as a recovery of principal of the Mortgage Loan. If the amount so allocated to
interest is less than the full amount of accrued and unpaid interest due on such
Mortgage Loan, the amount of such recovery will be allocated between the
Servicing Fee and interest at the Net Mortgage Rate in proportion to the amount
of such accrued interest which would have been allocated to each such category
in the absence of any shortfall.
(e) Notwithstanding anything to the contrary contained herein, the Company
shall have the right to enter into an agreement substantially in the form of
Exhibit K hereto with any Person that is the Holder of 100% of the Class B5
Certificates (provided that such form may be revised to delete the option on the
part of such Person to purchase a defaulted Mortgage Loan as set forth in
Section 2.02(f) thereof). Prior to entering into any such agreement with any
Person, the Company shall obtain a certification from such Person to the effect
that (i) such Person is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will not purchase any
Certificates if such purchase would cause such Person to hold more than a ten
percent interest in the Mortgage Pool. It is understood that the right of the
Company to be reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions of any such
agreement. The Trustee hereby agrees to perform such obligations as may be
expressly required of it pursuant to the provisions of such agreement and to
promptly notify each party to such agreement if a Responsible Officer of the
Trustee (with direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead to the
Trustee's becoming an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of any Person with which the Company has entered into
such agreement, provided that the contents of any such notification shall be
kept confidential by the parties to such agreement. The Company agrees to
promptly notify the Trustee upon entering into any such agreement. In addition,
the Company shall provide the Trustee with such information as may be necessary
for the Trustee to perform its obligations thereunder, including written
instructions, clearly identifying the source, amount and application of funds to
be deposited or withdrawn from the Collateral Fund (as defined in such
agreement). The Trustee shall provide the Company with such information
concerning credits and debits to the Collateral Fund on account of income, gains
and losses realized from Collateral Fund Permitted Investments (as defined in
such agreement), and costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions described in the
preceding sentence.
In addition, subject to the provisions of the preceding paragraph, the
Company shall have the right to enter into an agreement substantially in the
form of Exhibit K hereto with the Person that is the Holder of 100% of the Class
B4 Certificates, provided that (i) such Person is also the Holder of 100% of the
Class B5 Certificates, (ii) such Person shall have no rights under such
agreement until the date on which the Class Certificate Principal Balance of the
Class B5 Certificates has been reduced to zero, and (iii) any rights of such
Person under such agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to any other
Person.
Section 3.09. Trustee to Cooperate; Release of Mortgage Files. Upon the
payment in full of any Mortgage Loan, the Company will immediately notify the
Trustee by a certification (which certification shall include a statement to the
effect that all amounts received in connection with such payment which are
required to be credited to the Mortgage Loan Payment Record pursuant to Section
3.02 have been so credited) of a Servicing Officer and shall request delivery to
it of the Mortgage File. If a Buydown Mortgage Loan is the subject of a
Principal Prepayment in full during the related Buydown Period, the related
Buydown Funds will be applied or returned to the Person entitled thereto in
accordance with the terms of such Buydown Mortgage Loan. Upon receipt of such
certification and request in form satisfactory to the Trustee, the Trustee shall
promptly, but in any event within five Business Days, release the related
Mortgage File to the Company; provided, that the Trustee shall not be
responsible for any delay in the release of a Mortgage File resulting from acts
beyond its control, including without limitation, acts of God, strikes,
lockouts, riots, acts of war or terrorism, epidemics, nationalization,
governmental regulations imposed after the fact, fire, communication line
failures, computer viruses, power failures, earthquakes or other disasters. Upon
any such payment in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of satisfaction regarding
such Mortgage, which instrument of satisfaction shall be recorded by the Company
if required by applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in connection with such
instrument of satisfaction shall be reimbursed from amounts at the time credited
to the Mortgage Loan Payment Record. From time to time and as appropriate for
the servicing or foreclosure of any Mortgage Loan (including, without
limitation, collection under any Primary Insurance Policy), the Trustee shall,
upon request of the Company and delivery to the Trustee of a receipt signed by a
Servicing Officer, release the related Mortgage File to the Company and shall
execute such documents as shall be necessary to the prosecution of any such
proceedings. Such receipt shall obligate the Company to return the Mortgage File
to the Trustee when the need therefor by the Company no longer exists unless the
Mortgage Loan shall be liquidated, in which case, upon receipt of a certificate
of a Servicing Officer similar to that hereinabove specified, the receipt shall
be released by the Trustee to the Company.
Section 3.10. Servicing Compensation; Payment of Certain Expenses by the
Company. (a) As compensation for its activities and obligations hereunder, the
Company shall be entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan (including the
portion of any Buydown Funds applied to the related Buydown Mortgage Loan for
the applicable period) an amount equal to the Servicing Fee. The aggregate of
the Servicing Fees payable to the Company on any Distribution Date shall be
reduced by the amount of any Compensating Interest Payment for such Distribution
Date. Additional servicing compensation in the form of Prepayment Interest
Excess, assumption fees, modification fees, late payment charges, interest
income or gain with respect to amounts deposited in the Certificate Account and
invested by the Company or otherwise shall be retained by the Company, subject
to Section 3.10(b), if applicable. The Company shall be required to pay all
expenses incurred by it in connection with its activities hereunder (including
payment of Trustee fees and all other fees and expenses not expressly stated
hereunder to be for the account of the Certificateholders) and shall not be
entitled to reimbursement therefor except as provided in Sections 3.01, 3.03,
3.04 and 3.08.
(b) The Company may, as a condition to granting any request by a Mortgagor
for any consent, modification, waiver or amendment or any other matter or thing,
the granting of which is in the Company's discretion pursuant to the terms of
the instruments evidencing or securing the related Mortgage Loan and is
permitted by other sections of this Agreement, require (to the extent permitted
by applicable law) that such Mortgagor pay to it a reasonable or customary fee
in accordance with the schedule set forth as Exhibit H (which may be amended
from time to time by provision of a revised schedule of such fees to the
Trustee, whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection with such
request, together with any related costs and expenses incurred by it. Such fees
shall be additional servicing compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate Account Statements. Not
later than 15 days after each Distribution Date, the Company shall forward to
the Trustee a statement, certified by a Servicing Officer, setting forth the
status of the Mortgage Loan Payment Record as of the close of business on such
Distribution Date and showing, for the period covered by such statement, the
aggregate of credits to the Mortgage Loan Payment Record for each category of
credit specified in Section 3.02 and each category of debit specified in Section
3.04.
Section 3.12. Annual Statement as to Compliance. The Company will deliver
to the Trustee, on or before March 31 of each year, beginning with March 31,
2000, an Officer's Certificate stating that (a) a review of the activities of
the Company during the preceding calendar year and of its performance under this
Agreement has been made under such Officer's supervision and (b) to the best of
such Officer's knowledge, based on such review, the Company has fulfilled all
its material obligations under this Agreement throughout such year, or, if there
has been a default in the fulfillment of any such obligation, specifying each
such default known to such Officer and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants' Servicing Report. On
or before March 31 of each year, beginning with March 31, 2000, the Company
shall:
(a) furnish to a firm of independent public accountants (which may also
render other services to the Company) a statement substantially to the effect
that the Company has complied in all material respects with the minimum
servicing standards set forth in the Uniform Single Attestation Program for
Mortgage Bankers (the "Minimum Servicing Standards") with respect to the
mortgage loans in the Company's servicing portfolio (which may exclude home
equity loans) or, if there has been material noncompliance with such servicing
standards, containing a description of such noncompliance; and
(b) at its expense cause such firm of independent public accountants to
furnish a report to the Trustee stating its opinion as to the Company's
assertion contained in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by such firm in
accordance with the standards established by the American Institute of Certified
Public Accountants, including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards. Such opinion shall be
to the effect that the Company has complied in all material respects with the
Minimum Servicing Standards with respect to the mortgage loan portfolio
described in the Company's statement delivered pursuant to Section 3.13(a)
hereof or if there has been material noncompliance with the Minimum Servicing
Standards, shall contain a description of such noncompliance in accordance with
applicable accounting standards. In rendering such report, such firm may rely,
as to matters relating to direct servicing of Mortgage Loans by any primary
servicer, upon comparable reports of independent public accountants with respect
to such primary servicer.
Section 3.14. Access to Certain Documentation and Information Regarding the
Mortgage Loans. To the extent permitted by applicable law, the Company shall
provide to the Trustee, Certificateholders which are regulated insurance
entities and the applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan associations,
the Office of Thrift Supervision, the FDIC and the supervisory agents and
examiners thereof access to the documentation regarding the Mortgage Loans
required by applicable regulations of the Office of Thrift Supervision or of
such insurance regulatory agencies, as the case may be, such access being
afforded without charge but only upon reasonable request and during normal
business hours at the offices of the Company. Nothing in this Section 3.14 shall
derogate from the obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the Mortgagors and the failure
of the Company to provide access as provided in this Section 3.14 as a result of
such obligation shall not constitute a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing Policies. The Company shall
during the term of its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in respect of its
officers, employees or agents. Each such policy or policies and bond shall,
together, comply with the requirements from time to time of FNMA for persons
performing servicing for mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage Loans. The Company
shall have the right, but not the obligation, to purchase any Defaulted Mortgage
Loan for a price equal to the Purchase Price therefor. Any such purchase shall
be accomplished as provided in Section 4.04(a) hereof.
Article IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution Date, the Trustee
shall withdraw the Available Funds from the Certificate Account and shall make
distributions to Holders of the Certificates as of the preceding Record Date in
the following order of priority, to the extent of the remaining Available Funds:
(i) to each Class of Senior Certificates (other than any Class of
Principal Only Certificates) and the Class S Certificates, the Accrued
Certificate Interest thereon for such Distribution Date; provided,
however, that any shortfall in available amounts shall be allocated
among such Classes in proportion to the amount of Accrued Certificate
Interest that would otherwise be distributable thereto;
(ii) to each Class of Senior Certificates (other than any Class
of Principal Only Certificates) and the Class S Certificates, any
related Unpaid Class Interest Shortfall for such Distribution Date;
provided, however, that any shortfall in available amounts shall be
allocated among such Classes in proportion to the Unpaid Class
Interest Shortfall for each such Class on such Distribution Date;
(iii) to the Classes of Senior Certificates in reduction of the
Class Certificate Principal Balances thereof, as set forth in Exhibit
O hereto, without regard to the use of the word "approximately"
therein; provided, however, that defined terms used in Exhibit O shall
have the meanings assigned thereto in Article I hereof, except that
the "Class A5 Principal Distribution Amount" in Exhibit O shall be
deemed to be the "Group II Senior Principal Distribution Amount;"
(iv) to the Class PO Certificates, any Class PO Deferred Amount
for such Distribution Date, up to an amount not to exceed the Junior
Optimal Principal Amount for such Distribution Date, until the Class
Certificate Principal Balance of such Class has been reduced to zero;
provided, that any such amounts distributed to the Class PO
Certificates pursuant to this clause (iv) shall not reduce the Class
Certificate Principal Balance thereof;
(v) to the Class M Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of
the Junior Optimal Principal Amount on such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of
the Junior Optimal Principal Amount on such Distribution Date;
(xi) to the Class B2 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(xii) to the Class B2 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of
the Junior Optimal Principal Amount on such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(xv) to the Class B3 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date;
(xvi) to the Class B3 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of
the Junior Optimal Principal Amount on such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date;
(xix) to the Class B4 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of
the Junior Optimal Principal Amount on such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of
the Junior Optimal Principal Amount on such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable pursuant to
clauses (vii), (x), (xiii), (xvi), (xix) and (xxii) on any Distribution Date
shall be reduced, in inverse order of priority, by any amount distributed
pursuant to clause (iv) on such date, such that such amount distributed pursuant
to clause (iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent of any excess,
applied second, to reduce the amount distributable pursuant to clause (xix),
third, to reduce the amount distributable pursuant to clause (xvi), fourth, to
reduce the amount distributable pursuant to clause (xiii), fifth, to reduce the
amount distributable pursuant to clause (x) and sixth, to reduce the amount
distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall distribute to the holder
of the Class R Certificate any remaining Available Funds for such Distribution
Date after application of all amounts described in clause (a) of this Section
4.01, together with any Unanticipated Recoveries received by the Company in the
calendar month preceding the month of such Distribution Date and not distributed
on such Distribution Date to the holders of outstanding Certificates of any
other Class pursuant to Section 4.01(f). Any distributions pursuant to this
clause (b) shall not reduce the Class Certificate Principal Balance of the Class
R Certificate.
(c) If on any Distribution Date the Class Certificate Principal Balances of
the Junior Certificates have each been reduced to zero, the amount distributable
to the Senior Certificates other than the Class PO Certificates pursuant to
Section 4.01(a)(iii) for such Distribution Date and each succeeding Distribution
Date shall be allocated among such Classes of Senior Certificates, pro rata, on
the basis of their respective Class Certificate Principal Balances immediately
prior to such Distribution Date, regardless of the priorities and amounts set
forth in Section 4.01(a)(iii).
(d) If on any Distribution Date (i) the Class Certificate Principal Balance
of the Class M Certificates or any Class of Class B Certificates for which the
related Prepayment Distribution Trigger was satisfied on such Distribution Date
is reduced to zero and (ii) amounts distributable pursuant to clauses (ii), (iv)
and (v) of the Junior Optimal Principal Amount remain undistributed on such
Distribution Date after all amounts otherwise distributable on such date
pursuant to clauses (iv) through (xxii) of Section 4.01(a) have been
distributed, such amounts shall be distributed on such Distribution Date to the
remaining Classes of Junior Certificates in order of priority, such that no such
distribution shall be made to any Class of Junior Certificates while a prior
such Class is outstanding.
(e) [Reserved]
(f) In the event that in any calendar month the Company recovers an amount
(an "Unanticipated Recovery") in respect of principal of a Mortgage Loan which
had previously been allocated as a Realized Loss to any Class of Certificates
pursuant to Section 4.03, on the Distribution Date in the next succeeding
calendar month the Trustee shall withdraw from the Certificate Account and
distribute to the holders of each outstanding Class to which such Realized Loss
had previously been allocated its share (determined as described in the
succeeding paragraph) of such Unanticipated Recovery in an amount not to exceed
the amount of such Realized Loss previously allocated to such Class. When the
Class Certificate Principal Balance of a Class of Certificates has been reduced
to zero, the holders of such Class shall not be entitled to any share of an
Unanticipated Recovery, and such Unanticipated Recovery shall be allocated among
all outstanding Classes of Certificates entitled thereto in accordance with the
preceding sentence, subject to the remainder of this subsection (f). In the
event that (i) any Unanticipated Recovery remains undistributed in accordance
with the preceding sentence or (ii) the amount of an Unanticipated Recovery
exceeds the amount of the Realized Loss previously allocated to any outstanding
Classes with respect to the related Mortgage Loan, on the applicable
Distribution Date the Trustee shall distribute to the holders of all outstanding
Classes of the related Certificates to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as described
below) of such excess in an amount not to exceed the aggregate amount of any
Realized Loss previously allocated to such Class with respect to any other
Mortgage Loan that has not been recovered in accordance with Section 4.01(f).
Any distributions made pursuant to this Section 4.01(f) shall not reduce the
Class Certificate Principal Balance of the related Certificate.
For purposes of the preceding paragraph, the share of an Unanticipated
Recovery allocable to any Class of Certificates with respect to a Mortgage Loan
shall be (i) with respect to the Class PO Certificates, based on the applicable
PO Percentage of the principal portion of the Realized Loss previously allocated
thereto with respect to such Mortgage Loan (or all Mortgage Loans for purposes
of the next to last sentence of the preceding paragraph), and (ii) with respect
to any other Class of Certificates, based on its pro rata share (in proportion
to the Class Certificate Principal Balances thereof with respect to such
Distribution Date) of the applicable Non-PO Percentage of the principal portion
of any such Realized Loss previously allocated with respect to such Mortgage
Loan (or Loans); provided, however, that (i) the share of an Unanticipated
Recovery allocable to a Class PO Certificate with respect to any Mortgage Loan
(or Loans) shall be reduced by the aggregate amount previously distributed to
such Class on account of the applicable Class PO Deferred Amount in respect of
such Mortgage Loan (or Loans) and (ii) the amount by which the distributions to
the Class PO Certificates have been so reduced shall be distributed to the
Classes of Certificates described in clause (ii) of the preceding paragraph in
the same proportion as described in such clause (ii). For purposes of the
preceding sentence, any Class PO Deferred Amount distributed to a Class PO
Certificate on previous Distribution Dates shall be deemed to have been
allocated in respect of the Mortgage Loans as to which the applicable PO
Percentage of the principal portion of Realized Losses has previously been
allocated to such Class on a pro rata basis (based on the amount of Realized
Losses so allocated).
Section 4.02. Method of Distribution. (a) All distributions with respect to
each Class of Certificates on each Distribution Date shall be made pro rata
among the outstanding Certificates of such Class, based on the Percentage
Interest in such Class represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the Trustee to the
Certificateholders of record on the related Record Date (other than as provided
in Section 9.01 respecting the final distribution) by check or money order
mailed to a Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to the Trustee made
not later than the applicable Record Date, by wire transfer to a U.S. depository
institution acceptable to the Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry Certificate shall be
paid to the Depository, which shall credit the amount of such distribution to
the accounts of its Depository Participants in accordance with its normal
procedures. Each Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to each Financial
Intermediary for which it acts as agent. Each Financial Intermediary shall be
responsible for disbursing funds to the Certificate Owners that it represents.
All such credits and disbursements with respect to a Book-Entry Certificate are
to be made by the Depository and the Depository Participants in accordance with
the provisions of the applicable Certificates. Neither the Trustee nor the
Company shall have any responsibility therefor except as otherwise provided by
applicable law.
(c) The Trustee shall withhold or cause to be withheld such amounts as it
reasonably determines are required by the Code (giving full effect to any
exemptions from withholding and related certifications required to be furnished
by Certificateholders or Certificate Owners and any reductions to withholding by
virtue of any bilateral tax treaties and any applicable certification required
to be furnished by Certificateholders or Certificate Owners with respect
thereto) from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the amount required
to be withheld for a distribution can be made within a reasonable period after
the scheduled date for such distribution, it may hold such distribution in trust
for a holder of a Residual Certificate until such determination can be made. For
the purposes of this paragraph, a "Non-U.S. Person" is (i) an individual other
than a citizen or resident of the United States, (ii) a partnership, corporation
or entity treated as a partnership or corporation for U.S. federal income tax
purposes not formed under the laws of the United States, any state thereof or
the District of Columbia (unless, in the case of a partnership, Treasury
regulations provide otherwise), (iii) any estate, the income of which is not
subject to U.S. federal income taxation, regardless of source, and (iv) any
trust, other than a trust that a court within the United States is able to
exercise primary supervision over the administration of the trust and one or
more U.S. Persons have the authority to control all substantial decisions of the
trust.
Section 4.03. Allocation of Losses. (a) On or prior to each Determination
Date, the Company shall determine the amount of any Realized Loss in respect of
each Mortgage Loan that occurred during the immediately preceding calendar
month.
(b) With respect to any Distribution Date, the principal portion of each
Realized Loss (other than any Excess Loss) shall be allocated as follows:
(i) the applicable PO Percentage of the principal portion of any
such Realized Loss shall be allocated to the Class PO Certificates
until the Class Certificate Principal Balance thereof has been reduced
to zero; and
(ii) the applicable Non-PO Percentage of the principal portion of
any such Realized Loss shall be allocated in the following order of
priority:
first, to the Class B5 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero;
second, to the Class B4 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero;
third, to the Class B3 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero;
fourth, to the Class B2 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero;
fifth, to the Class B1 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero;
sixth, to the Class M Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; and
seventh, to the Classes of Senior Certificates other than the
Class PO Certificates, pro rata, in accordance with their Class
Certificate Principal Balances; provided, that any such loss allocated
to any Class of Accrual Certificates (and any Accrual Component) shall
be allocated (subject to Section 4.03(d)) on the basis of the lesser
of (x) the Class Certificate Principal Balance (or Component Principal
Balance) thereof immediately prior to the applicable Distribution Date
and (y) the Class Certificate Principal Balance (or Component
Principal Balance) thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the principal portion of any
Excess Loss (other than Excess Bankruptcy Losses attributable to Debt Service
Reductions) shall be allocated as follows: (1) the PO Percentage of any such
loss shall be allocated to the Class PO Certificates, and (2) the Non-PO
Percentage of any such loss shall be allocated to each Class of Certificates
other than the Class PO Certificates, pro rata, based on the respective Class
Certificate Principal Balances thereof; provided, that any such loss allocated
to any Class of Accrual Certificates (and any Accrual Component) shall be
allocated (subject to Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component Principal Balance) thereof
immediately prior to the applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal Balance) thereof on the
Closing Date (as reduced by any Realized Losses previously allocated thereto).
(d) Any Realized Losses allocated to a Class of Certificates pursuant to
Section 4.03(b) or (c) shall be allocated among the Certificates of such Class
in proportion to their respective Certificate Principal Balances. In addition,
any Realized Losses allocated to any Class of Component Certificates on a
Distribution Date shall be allocated in reduction of the Component Principal
Balances of the related Components (other than any Notional Component) in
proportion to their respective Component Principal Balances immediately prior to
such Distribution Date. Any allocation of Realized Losses pursuant to this
paragraph (d) shall be accomplished by reducing the Certificate Principal
Balance (or, in the case of any Component, the Component Principal Balance) of
the related Certificates (or Components) on the related Distribution Date in
accordance with Section 4.03(e).
(e) Realized Losses allocated in accordance with this Section 4.03 shall be
allocated on the Distribution Date in the month following the month in which
such loss was incurred and, in the case of the principal portion thereof, after
giving effect to distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class PO Certificates
on such Distribution Date will be taken into account in determining
distributions in respect of any Class PO Deferred Amount for such date.
(f) On each Distribution Date, the Company shall determine the Subordinate
Certificate Writedown Amount, if any. Any such Subordinate Certificate Writedown
Amount shall effect a corresponding reduction in the Certificate Principal
Balance of the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on such Distribution
Date.
(g) Notwithstanding the foregoing, no such allocation of any Realized Loss
shall be made on a Distribution Date to a Class of Certificates to the extent
that such allocation would result in the reduction of the aggregate Certificate
Principal Balances of all the Certificates as of such Distribution Date, after
giving effect to all distributions and prior allocations of Realized Losses on
such date, to an amount less than the aggregate Scheduled Principal Balance of
the Mortgage Loans as of the first day of the month of such Distribution Date,
less any Deficient Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date (such limitation, the "Loss Allocation Limitation").
Section 4.04. Monthly Advances; Purchases of Defaulted Mortgage Loans. (a)
The Company shall be required to make Monthly Advances in the manner and to the
extent provided herein. Prior to the close of business on each Determination
Date, the Company shall determine (i) the amount of the Monthly Advance which it
is required to make on the related Distribution Date and (ii) whether it has
elected to purchase any Defaulted Mortgage Loan or Loans on such Distribution
Date. If the Company so elects to purchase any Defaulted Mortgage Loans (or is
required to purchase any Mortgage Loan pursuant to Section 2.02 or 2.03(a)), no
Monthly Advance shall be required with respect thereto for the month in which
such purchase occurs. The Company shall include information as to each of such
determinations in the Servicer's Certificate furnished by it to the Trustee in
accordance with Section 4.06 and shall be obligated to transfer to the
Certificate Account pursuant to Section 3.02(d) on or before 11:00 a.m. New York
time on the Business Day next preceding the following Distribution Date in
next-day funds the respective amounts applicable to such determinations
appearing in such Servicer's Certificate. Upon receipt by the Trustee of written
notification signed by a Servicing Officer of any such deposit relating to the
purchase by the Company of such a Mortgage Loan, the Trustee shall release to
the Company the related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without recourse, as shall
be necessary to vest in the Company any Mortgage Loan released pursuant hereto.
(b) In the event that the Company transfers or expects to transfer less
than the Available Funds required to be deposited by it pursuant to Section
3.02(d), the Company shall so notify the Trustee no later than 9:00 a.m. on the
Business Day preceding the related Distribution Date, and the amount so
transferred, if any, shall be deemed to have been transferred first pursuant to
clause (i) of the definition of Available Funds, second pursuant to clause (iii)
of the definition of Available Funds, and third pursuant to clause (ii) of the
definition of Available Funds. Such notice shall specify each Mortgage Loan
delinquent as of the preceding Determination Date. In such event, the Trustee
shall make any Monthly Advance required to be made hereunder, in the manner and
to the extent required; provided, the Trustee shall not be so obligated if
prohibited by applicable law.
(c) In the event that the Company is succeeded hereunder as servicer, the
obligation to make Monthly Advances in the manner and to the extent required by
Section 4.04(a) shall be assumed by the successor servicer (subject to Section
7.02).
Section 4.05. Statements to Certificateholders. Each month, at least two
Business Days prior to each Distribution Date, the Company shall deliver to the
Trustee for mailing to each Certificateholder, and the Trustee shall mail to
each Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of Exhibit J hereto,
setting forth:
(i) The amount of such distribution to the Certificateholders of
each Class (and in respect of any Component), other than any Notional
Certificates (and any Notional Component), allocable to principal,
separately identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose, the
Scheduled Principal Balances of all Defaulted Mortgage Loans and
Defective Mortgage Loans purchased pursuant to Section 2.02, 2.03(b)
or 3.16, respectively, and any amounts deposited pursuant to Section
2.03(b) in connection with the substitution of any Mortgage Loans
pursuant to Section 2.02 or 2.03(a), the proceeds of which purchases
or substitutions are being distributed on such Distribution Date);
(ii) The amount of such distribution to the Certificateholders of
each Class (other than any Class of Principal Only Certificates)
allocable to interest, including any Accrual Amount added to the Class
Certificate Principal Balance or Component Principal Balance of any
Class of Accrual Certificates or any Accrual Components;
(iii) The amount of servicing compensation paid to the Company
during the month preceding the month of distribution in respect of the
Mortgage Loans and such other customary information as the Company
deems necessary or desirable to enable Certificateholders to prepare
their tax returns;
(iv) The Pool Scheduled Principal Balance and the aggregate
number of the Mortgage Loans on the preceding Due Date after giving
effect to all distributions allocable to principal made on such
Distribution Date;
(v) The Class Certificate Principal Balance (or Notional
Principal Balance) of each Class, the Component Principal Balance of
each Component and the Certificate Principal Balance (or Notional
Principal Balance) of a Single Certificate of each Class after giving
effect to (i) all distributions allocable to principal (or reductions
in the Notional Principal Balance, in the case of the Notional
Certificates, or the addition of any Accrual Amount, in the case of
any Class of Accrual Certificates) made on such Distribution Date and
(ii) the allocation of any Realized Losses and any Subordinate
Certificate Writedown Amount for such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of Certificates;
(vii) The book value and unpaid principal balance of any real
estate acquired on behalf of Certificateholders through foreclosure,
or grant of a deed in lieu of foreclosure or otherwise, of any REO
Mortgage Loan, and the number of the related Mortgage Loans;
(viii) The aggregate Scheduled Principal Balances and number of
Mortgage Loans which, as of the close of business on the last day of
the month preceding the related Distribution Date, were (a) delinquent
as to a total of (x) 30-59 days, (y) 60-89 days and (z) 90 days or
more, and (b) in foreclosure;
(ix) The Scheduled Principal Balance of any Mortgage Loan
replaced pursuant to Section 2.03(b);
(x) The Certificate Interest Rates of any LIBOR Certificates, any
COFI Certificates and the Class S Certificates applicable to the
Interest Accrual Period relating to such Distribution Date and such
Class;
(xi) The Senior Percentage, the Group II Senior Percentage and
the Junior Percentage for such Distribution Date;
(xii) The Senior Prepayment Percentage and the Junior Prepayment
Percentage for such Distribution Date; and
(xiii) The amount of such distribution to the Certificateholders
of each Class allocable to Unanticipated Recoveries.
In the case of information furnished pursuant to clauses (i) through (iii)
above, the amounts shall be expressed as a dollar amount per Single Certificate.
In connection with any proposed transfer of a Certificate that is purported
to be made in reliance on Rule 144A under the Securities Act, the Company shall
be responsible for furnishing such information as may be required thereunder to
a proposed transferee. In furtherance of the Company's obligations hereunder,
the Company hereby instructs the Trustee, at the Company's expense and on its
behalf, and the Trustee agrees, to promptly make available to the proposed
transferee, upon request of the holder, (i) all statements furnished to
Certificateholders pursuant to this Section 4.05(a) on previous Distribution
Dates, (ii) all certificates furnished to the Trustee pursuant to Section 4.06
in prior months, (iii) Officer's Certificates furnished to the Trustee pursuant
to Section 3.12 for the two years preceding such request, (iv) reports of
independent accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private Placement
Memorandum relating to such Certificate, together with any amendments or
supplements thereto issued by the Company (which copy shall be furnished to the
Trustee by the Company), and (vi) the Company's Current Report on Form 8-K,
dated the Closing Date, relating to the Mortgage Loans; provided, however, that
the Trustee shall in no event be required to make available such statements or
certificates pursuant to clauses (i) and (ii) above relating to Distribution
Dates occurring more than twenty-four months preceding the month in which such
request was received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a proposed
transferee, the Trustee does not assume, and shall not 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 1999, 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 Servicing Fees subject to retention by the
Company as servicer in respect of any Distribution Date shall be reduced by the
amount of any Compensating Interest Payment for such Distribution Date.
Section 4.09. Surety Bond. (a) If a Required Surety Payment is payable
pursuant to the Surety Bond with respect to any Pledged Asset Mortgage Loan, the
Company shall so notify the Trustee as soon as reasonably practicable and shall,
on behalf of the Trustee for the benefit of the Certificateholders, promptly
complete the notice in the form of Attachment 1 to the Surety Bond and shall
promptly submit such notice to the Surety as a claim for a Required Surety
Payment.
(b) Upon receipt of a Required Surety Payment from the Surety on behalf of
the Certificateholders, the Company shall promptly credit such amount to the
Mortgage Loan Payment Record.
Article V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates shall be substantially
in the forms set forth in Exhibit A hereto, as applicable, and shall, on
original issue, be executed by the Trustee, not in its individual capacity but
solely as Trustee, and countersigned and delivered by the Trustee to or upon the
order of the Company as provided in Article II.
(b) The Certificates shall be issued in an aggregate Initial Certificate
Principal Balance of $500,082,530.94. Such aggregate original principal balance
shall be divided among the Classes having the designations, Class Certificate
Principal Balances, Certificate Interest Rates and minimum denominations as
follows:
<PAGE>
Initial Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ------- ---- -------------
Class A1 $ 134,000,000.00 6.50% $25,000
Class A2 5,456,000.00 6.50 25,000
Class A3 21,053,083.00 (1) 25,000
Class A4 8,475,917.00 (1) 25,000
Class A5 50,000,000.00 6.50 25,000
Class A6 3,000,000.00 6.50 1,000
Class A7 3,000,000.00 6.50 1,000
Class A8 2,000,000.00 6.50 1,000
Class A9 2,000,000.00 6.50 1,000
Class A10 2,461,000.00 6.75 1,000
Class A11 1,968,000.00 6.75 1,000
Class A12 1,968,000.00 6.75 1,000
Class A13 1,968,000.00 6.75 1,000
Class A14 1,478,000.00 6.75 1,000
Class A15 127,000,000.00 6.50 25,000
Class A16 76,424,000.00 6.50 25,000
Class A17 12,119,000.00 6.50 25,000
Class A18 25,000,000.00 6.50 25,000
Class PO 707,230.80 0.00 (2)
Class M 9,251,500.00 6.50 100,000
Class B1 3,750,600.00 6.50 100,000
Class B2 2,250,300.00 6.50 100,000
Class B3 2,500,400.00 6.50 250,000
Class B4 1,000,200.00 6.50 250,000
Class B5 1,251,200.14 6.50 250,000
Class S (3) (3)
Class R 100.00 6.50 100
- -------------------
(1) The Certificate Interest Rates of the Class A3 and Class A4 Certificates for
each Interest Accrual Period shall be determined as provided in Section 5.01(f).
(2) The Class PO Certificates will be issued as a single Certificate evidencing
the entire Class Certificate Principal Balance of such Class.
(3) The Class S Certificates are issued with an initial Notional Principal
Balance of $473,927,690.00 and shall bear interest at the Strip Rate.
(c) The Certificates shall be issuable in registered form only. The
Book-Entry Certificates will be evidenced by one or more certificates,
beneficial ownership of which will be held in the minimum dollar denominations
in Certificate Principal Balance or Notional Principal Balance, as applicable,
specified in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual Certificate
shall each be issued in the minimum dollar denominations in Certificate
Principal Balance or Notional Principal Balance, as applicable, specified in
Section 5.01(b), and integral multiples of $1,000 (or $1,000,000 in the case of
the Class S Certificates) in excess thereof (and, if necessary, in the amount of
the remaining Class Certificate Principal Balance or Notional Principal Balance,
as applicable, of each Class, in the case of one Certificate of such Class). The
Residual Certificate shall be issued as a single certificate evidencing the
entire Class Certificate Principal Balance of such Class and having a Percentage
Interest of 100%. If necessary, one Certificate of each Class of Book-Entry
Certificates and the Class S 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) The Strip Rate for each Interest Accrual Period shall be determined by
the Company and included in the Servicer's Certificate for the related
Distribution Date.
(f) During the first Interest Accrual Period, the Certificate Interest Rate
of the Class A3 Certificates shall be 5.700% per annum. For each subsequent
Interest Accrual Period, the Certificate Interest Rate of the Class A3
Certificates shall be a per annum rate equal to the lesser of (i) 0.750% plus
LIBOR and (ii) 9.000%, subject to a minimum rate of 0.750%. During the first
Interest Accrual Period, the Certificate Interest Rate of the Class A4
Certificates shall be 8.196774098% per annum. For each subsequent Interest
Accrual Period, the Certificate Interest Rate of the Class A4 Certificates shall
be a per annum rate equal to the lesser of (i) 20.4919353% minus the product of
2.48387095 and LIBOR and (ii) 20.4919353%, subject to a minimum rate of 0.000%.
Section 5.02. Registration of Transfer and Exchange of Certificates. (a)
The Trustee shall cause to be kept at an office or agency in the city in which
the Corporate Trust Office of the Trustee is located or in the City of New York,
New York a Certificate Register in which, subject to such reasonable regulations
as it may prescribe, the Trustee shall provide for the registration of
Certificates and of transfers and exchanges of Certificates as herein provided.
The Trustee shall initially serve as Certificate Registrar for the purpose of
registering Certificates and transfers and exchanges of Certificates as herein
provided.
Subject to Sections 5.02(b) and 5.02(c), upon surrender for registration of
transfer of any Certificate at the Corporate Trust Office, the Trustee shall
execute, authenticate and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in authorized
denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may be exchanged for
other Certificates of authorized denominations of a like Class and Percentage
Interest, upon surrender of the Certificates to be exchanged at any such office
or agency. Whenever any Certificates are so surrendered for exchange the Trustee
shall execute, countersign and deliver the Certificates which the
Certificateholder making the exchange is entitled to receive. Every Certificate
presented or surrendered for registration of transfer or exchange shall be
accompanied by a written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder thereof or his
attorney duly authorized in writing.
No service charge shall be made for any registration of transfer or
exchange of Certificates, but the Trustee may require payment of a sum
sufficient to cover any tax or governmental charge that may be imposed in
connection with any transfer or exchange of Certificates.
All Certificates surrendered for registration of transfer and exchange
shall be canceled and subsequently destroyed by the Trustee and a certificate of
destruction shall be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any portion of the Residual
Certificates may be transferred directly or indirectly to (i) Disqualified
Organization or an agent of a Disqualified Organization (including a broker,
nominee, or middleman), (ii) an entity that holds REMIC residual securities as
nominee to facilitate the clearance and settlement of such securities through
electronic book-entry changes in accounts of participating organizations (a
"Book-Entry Nominee"), or (iii) an individual, corporation, partnership or other
person unless such transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the conduct of a
trade or business within the United States and has furnished the transferor and
the Trustee with an effective Internal Revenue Service Form 4224 or (C) is a
Non-U.S. Person that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that the transfer
of a Residual Certificate to it is in accordance with the requirements of the
Code and the regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income tax purposes
(any such person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any such purported
transfer shall be void and have no effect. The Trustee shall not execute, and
shall not authenticate and deliver, a Residual Certificate in connection with
any transfer thereof unless the transferor shall have provided to the Trustee an
affidavit, substantially in the form attached as Exhibit F hereto, signed by the
transferee, to the effect that the transferee is not such a Disqualified
Organization, an agent (including a broker, nominee, or middleman) for any
entity as to which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign Holder, which
affidavit shall contain the consent of the transferee to any such amendments of
this Agreement as may be required to further effectuate the foregoing
restrictions on transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign Holders, and an
agreement by the Transferee that it will not transfer a Residual Certificate
without providing to the Trustee an affidavit substantially in the form attached
as Exhibit F hereto and a letter substantially in the form attached as Exhibit G
hereto. Such affidavit shall also contain the statement of the transferee that
(i) it does not have the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with respect to the
Residual Certificates and (ii) it understands that it may incur tax liabilities
in excess of cash flows generated by a Residual Certificate and that it intends
to pay taxes associated with holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if not executed in
connection with the initial issuance of the Residual Certificates, shall be
accompanied by a written statement in the form attached as Exhibit G hereto,
signed by the transferor, to the effect that as of the time of the transfer, the
transferor has (i) no actual knowledge that the transferee is a Disqualified
Organization, Book-Entry Nominee or Non-permitted Foreign Holder, (ii) no reason
to believe that the transferee has the intention to impede the assessment or
collection of any federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a reasonable
investigation and found that the transferee had historically paid its debts as
they came due and found no significant evidence to indicate that the transferee
will not continue to pay its debts as they become due. The Residual Certificates
shall bear a legend referring to the foregoing restrictions contained in this
paragraph and the preceding paragraph.
Upon notice to the Company that any legal or beneficial interest in any
portion of the Residual Certificates has been transferred, directly or
indirectly, to a Disqualified Organization or agent thereof (including a broker,
nominee, or middleman) in contravention of the foregoing restrictions, (i) such
transferee shall be deemed to hold the Residual Certificate in constructive
trust for the last transferor who was not a Disqualified Organization or agent
thereof, and such transferor shall be restored as the owner of such Residual
Certificate as completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any distributions made to such
transferee with respect to the Residual Certificate and return such recovery to
the transferor, and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such agent (within
60 days of the request therefor by the transferor or agent) such information
necessary to the application of section 860E(e) of the Code as may be required
by the Code, including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual Certificate (or
portion thereof) for periods after such transfer. At the election of the
Company, the cost to the Company of computing and furnishing such information
may be charged to the transferor or such agent referred to above; however, the
Company shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual Certificates set forth in the
preceding three paragraphs shall cease to apply to transfers (and the applicable
portions of the legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect that the
elimination of such restrictions will not cause the REMIC established hereunder
to fail to qualify as a REMIC at any time that the Certificates are outstanding.
No transfer of a Restricted Certificate shall be made unless such transfer
is made pursuant to an effective registration statement under the Securities Act
of 1933, as amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt from the
registration requirements of the Act and any applicable state securities laws.
In the event of such registration, any restrictive legends set forth in the form
of the relevant Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the Trustee upon
request of the Holder thereof and 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 or Class S
Certificate or (ii) Restricted Junior Certificate to any person other than a QIB
(as certified by the proposed transferee in the form of assignment attached to
the related Certificate), either (x) the Trustee shall require the transferee to
execute an investment letter in the form substantially as set forth in Exhibit I
hereto or in such other form as may be acceptable to the Trustee, certifying as
to the facts surrounding such transfer, or (y) in lieu of such investment
letter, the Trustee may accept a written Opinion of Counsel (in form and
substance acceptable to the Trustee) that such proposed transfer may be made
pursuant to an exemption from the Act. As an additional condition to any
transfer of a Restricted Certificate, either (i) the transferor and the
transferee shall complete the form of assignment attached to the Certificate
proposed to be transferred, or (ii) the Trustee shall have received the
above-referenced Opinion of Counsel. The holder of any Restricted Certificate
desiring to effect the transfer thereof to a person other than a QIB shall, and
hereby agrees to, comply with any applicable conditions set forth in the
preceding two sentences and indemnify the Trustee and the Company against any
liability that may result if the transfer thereof is not so exempt or is not
made in accordance with such federal and state laws. Such agreement to so
indemnify the Trustee and the Company shall survive the termination of this
Agreement. Notwithstanding the foregoing, no Opinion of Counsel or investment
letter shall be required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the Private Placement
Memorandum) or its nominee and (ii) the Class PO or Class S Certificates to the
Company or upon any subsequent transfer of any Class PO or Class S Certificate
by the Company, provided that if any Restricted Junior Certificates are, at the
request of the Initial Purchaser, registered in the name of its nominee, the
Initial Purchaser shall be deemed to acknowledge and agree with the Company and
the Trustee that no transfer of a beneficial interest in such Certificates will
be made without registering such Certificates in the name of the transferee,
which shall be a Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the Trust Fund or the
Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate in the form of a
Definitive Certificate shall be made to any Person unless the Trustee has
received (A) a certificate (substantially in the form of Exhibit E or such other
form as is acceptable to the Company and the Trustee) from such transferee to
the effect that such transferee (i) is not a Plan or a Person that is using the
assets of a Plan to acquire such ERISA-Restricted Certificate or (ii) is an
insurance company investing assets of its general account and the exemptions
provided by Section III(a) of Department of Labor Prohibited Transaction Class
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the transferee's acquisition and holding of any ERISA-Restricted Certificate or
(B) an opinion of counsel satisfactory to the Trustee and the Company to the
effect that the purchase and holding of such a Certificate will not constitute
or result in the assets of the Trust Fund being deemed to be "plan assets"
subject to the prohibited transactions provisions of ERISA or Section 4975 of
the Code and will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however, that the
Trustee will not require such certificate or opinion in the event that, as a
result of a change of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding of an
ERISA-Restricted Certificate by a Plan or a Person that is purchasing or holding
such a Certificate with the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code. The preparation
and delivery of the certificate and opinions referred to above shall not be an
expense of the Trust Fund, the Trustee or the Company. Notwithstanding the
foregoing, no opinion or certificate shall be required for the initial issuance
of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be made to any
Person unless the Trustee has received a certification (substantially
in the form of paragraph 4 of Exhibit F) from such transferee to the
effect that, among other things, such transferee is not a Plan or a
Person that is using the assets of a Plan to acquire any such
Certificate. The preparation and delivery of such certificate shall
not be an expense of the Trust Fund, the Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may conclusively rely
upon any certificate, affidavit or opinion delivered pursuant to Section 5.02(b)
or (c). Any certificate or affidavit required to be delivered by a transferee
under this Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in form and
substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any Class of Book-Entry
Certificates held in physical certificated form pursuant to Section 5.02(g) or
any Restricted Junior Certificate of any Class of Book-Entry Certificates that
is transferred to an entity other than a QIB, the Book-Entry Certificates shall,
subject to Section 5.02(f), at all times remain registered in the name of the
Depository or its nominee and at all times: (i) registration thereof may not be
transferred by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate Owners and
with respect to ownership and transfers of such Certificates; (iii) ownership
and transfers of registration of the Certificates issued in book-entry form on
the books of the Depository shall be governed by applicable rules established by
the Depository and the rights of Certificate Owners with respect to Book-Entry
Certificates shall be governed by applicable law and agreements between such
Certificate Owners and the Depository, Depository Participants, and indirect
participating firms; (iv) the Depository may collect its usual and customary
fees, charges and expenses from its Depository Participants; (v) the Trustee
shall deal with the Depository, Depository Participants and indirect
participating firms as authorized representatives of the Certificate Owners of
the Certificates issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the rights of
Holders under this Agreement, and requests and directions for and votes of such
representatives shall not be deemed to be inconsistent if they are made with
respect to different Certificate Owners; (vi) the Trustee may rely and shall be
fully protected in relying upon information furnished by the Depository with
respect to its Depository Participants and furnished by the Depository
Participants with respect to indirect participating firms and persons shown on
the books of such indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to certificates for the
Book-Entry Certificates and (viii) the Trustee may establish a reasonable record
date in connection with solicitations of consents from or voting by
Certificateholders and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry Certificates shall be
made in accordance with the procedures established by the Depository Participant
or brokerage firm representing such Certificate Owner. Each Depository
Participant shall only transfer Book-Entry Certificates of Certificate Owners it
represents or of brokerage firms for which it acts as agent in accordance with
the Depository's normal procedures. Except as provided herein, the Trustee shall
have no duty to monitor or restrict the transfer of Certificates or interests
therein, and shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or between or among
Depository Participants or Certificate Owners, made in violation of applicable
restrictions set forth herein, except in the event of the failure of the Trustee
to perform its duties and fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises the Trustee in writing
that the Depository is no longer willing, qualified or able to properly
discharge its responsibilities as Depository, and (ii) the Trustee or the
Company is unable to locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the book-entry system
through the Depository or (z) after the occurrence of an Event of Default,
Certificate Owners representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the Trustee and the
Depository through the Depository Participants in writing that the continuation
of a book-entry system through the Depository is no longer in the best interests
of the Certificate Owners, the Trustee shall notify all Certificate Owners,
through the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners requesting the
same. Upon surrender to the Trustee of such Certificates by the Depository,
accompanied by registration instructions from the Depository for registration,
the Trustee shall issue the Definitive Certificates. Neither the Company nor the
Trustee shall be liable for any delay in delivery of such instructions and may
conclusively rely on, and shall be protected in relying on, such instructions.
Upon the issuance of Definitive Certificates all references herein to
obligations imposed upon or to be performed by the Depository shall be deemed to
be imposed upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall recognize the
Holders of the Definitive Certificates as Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be delivered to the
Depository (or to State Street Bank and Trust Company acting as custodian for
the Depository pursuant to the Depository's procedures) one certificate for each
Class of Book-Entry Certificates registered in the name of the Depository's
nominee, Cede & Co. The face amount of each such Certificate shall represent
100% of the initial Class Certificate Principal Balance thereof, except for such
amount that does not constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates may be issued
evidencing such remainder and, if so issued, will be held in physical
certificated form by the Holders thereof. Each Certificate issued in book-entry
form shall bear the following legend:
"Unless this Certificate is presented by an authorized representative of
The Depository Trust Company, a New York corporation ("DTC"), to Issuer or its
agent for registration of transfer, exchange, or payment, and any certificate
issued is registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any
mutilated Certificate is surrendered to the Certificate Registrar, or the
Certificate Registrar receives evidence to its satisfaction of the destruction,
loss or theft of any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity as may be
required by them to save each of them harmless, then, in the absence of notice
to the Certificate Registrar or the Trustee that such Certificate has been
acquired by a bona fide purchaser, the Trustee shall execute, countersign and
deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and Percentage
Interest. In connection with the issuance of any new Certificate under this
Section 5.03, the Trustee may require the payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the Trustee and the
Certificate Registrar) connected therewith. Any duplicate Certificate issued
pursuant to this Section 5.03 shall constitute complete and indefeasible
evidence of ownership in the Trust Fund, as if originally issued, whether or not
the lost, stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due presentation of a
Certificate for registration of transfer, the Company, the Trustee, the
Certificate Registrar and any agent of the Company, the Trustee or the
Certificate Registrar may treat the person in whose name any Certificate is
registered as the owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes whatsoever,
and neither the Company, the Trustee, the Certificate Registrar nor any agent of
the Company, the Trustee or the Certificate Registrar shall be affected by any
notice to the contrary.
Section 5.05. Access to List of Certificateholders' Names and Addresses.
The Certificate Registrar will furnish or cause to be furnished to the Company,
within 15 days after receipt by the Certificate Registrar of request therefor
from the Company in writing, a list, in such form as the Company may reasonably
require, of the names and addresses of the Certificateholders as of the most
recent Record Date for payment of distributions to Certificateholders. If three
or more Certificateholders (hereinafter referred to as "applicants") apply in
writing to the Trustee, and such application states that the applicants desire
to communicate with other Certificateholders with respect to their rights under
this Agreement or under the Certificates and is accompanied by a copy of the
communication which such applicants propose to transmit, then the Trustee shall,
within five Business Days after the receipt of such application, afford such
applicants access during normal business hours to the most recent list of
Certificateholders held by the Trustee. If such list is as of a date more than
90 days prior to the date of receipt of such applicants' request, the Trustee
shall promptly request from the Certificate Registrar a current list as provided
above, and shall afford such applicants access to such list promptly upon
receipt. Every Certificateholder, by receiving and holding a Certificate, agrees
with the Certificate Registrar and the Trustee that neither the Certificate
Registrar nor the Trustee shall be held accountable by reason of the disclosure
of any such information as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information was derived.
Section 5.06. Representation of Certain Certificateholders. The fiduciary
of any Plan which becomes a Holder of a Certificate, by virtue of its acceptance
of such Certificate, will be deemed to have represented and warranted to the
Trustee and the Company that such Plan is an "accredited investor" as defined in
Rule 501(a)(1) of Regulation D promulgated by the Securities and Exchange
Commission under the Securities Act of 1933.
Section 5.07. Determination of COFI. (a) If the outstanding Certificates
include any COFI Certificates, then on each COFI Determination Date the Trustee
shall determine the value of COFI on the basis of the most recently available
Information Bulletin referred to in the definition of "COFI". The establishment
of COFI by the Trustee and the Trustee's subsequent calculation of the rates of
interest applicable to the COFI Certificates for each Interest Accrual Period
shall (in the absence of manifest error) be final and binding. During each
Interest Accrual Period, the Certificate Interest Rate for the COFI Certificates
for the current and immediately preceding Interest Accrual Period shall be made
available by the Trustee to Certificate Owners and Certificateholders at the
following telephone number: (617) 664-5500.
(b) The failure by the Federal Home Loan Bank of San Francisco to publish
COFI for a period of 65 calendar days will constitute an "Alternative Rate
Event" for purposes hereof. Upon the occurrence of an Alternative Rate Event,
the Company will calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by using, in place of
COFI, (i) the replacement index, if any, published or designated by the Federal
Home Loan Bank of San Francisco or (ii) if no replacement index is so published
or designated, an alternative index to be selected by the Company that has
performed, or that the Company expects to perform, in a manner substantially
similar to COFI. At the time an alternative index is first selected by the
Company, the Company shall determine the average number of basis points, if any,
by which the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect fairly the
long-term difference between COFI and the alternative index, and shall adjust
the alternative index by such average. The Company shall select a particular
index as an alternative only if it receives an Opinion of Counsel to the effect
that the selection of such index will not cause any REMIC established hereunder
to fail to qualify as a REMIC for federal income tax purposes. In the absence of
manifest error, the selection of any alternative index as provided by this
Section 5.07(b) shall be final and binding for each subsequent Interest Accrual
Period. Upon the occurrence of an Alternative Rate Event, the Trustee shall have
no responsibility for the determination of any alternative index or the
calculation of the Certificate Interest Rates for the COFI Certificates.
(c) If at any time after the occurrence of an Alternative Rate Event the
Federal Home Loan Bank of San Francisco resumes publication of COFI, the
Certificate Interest Rates for the COFI Certificates for each Interest Accrual
Period commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the outstanding Certificates
include any LIBOR Certificates, then on each LIBOR Determination Date the
Trustee shall determine LIBOR for the related Interest Accrual Period as such
rate equal to the Interest Settlement Rate. If such rate does not appear on the
Designated Telerate Page as of 11:00 a.m., London time, on the applicable LIBOR
Determination Date:
(i) The Trustee will request the principal London office of each
Reference Bank (as defined in Section 5.08(e)) to provide such bank's
offered quotation (expressed as a percentage per annum) to prime banks
in the London interbank market for one-month U.S. Dollar deposits as
of 11:00 a.m., London time, on the applicable LIBOR Determination
Date.
(ii) If on any LIBOR Determination Date, two or more of the
Reference Banks provide such offered quotations, LIBOR for the next
Interest Accrual Period will be the arithmetic mean of such offered
quotations (rounding such arithmetic mean upwards, if necessary, to
the nearest whole multiple of 1/16%). If on any LIBOR Determination
Date only one or none of the Reference Banks provide such offered
quotations, LIBOR for the next Interest Accrual Period will be the
rate per annum the Trustee determines to be the arithmetic mean
(rounding such arithmetic mean upwards, if necessary, to the nearest
whole multiple of 1/16%) of the one-month Eurodollar lending rate that
three major banks in New York City selected by the Trustee are quoting
as of approximately 11:00 a.m., New York City time, on the first day
of the applicable Interest Accrual Period.
(iii) If on any LIBOR Determination Date the Trustee is required
but unable to determine LIBOR in the manner provided in subparagraph
(ii) of this Section 5.08(a), LIBOR for the next Interest Accrual
Period will be LIBOR as determined on the previous LIBOR Determination
Date, or, in the case of the first LIBOR Determination Date, the
Initial LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the Trustee's subsequent
calculation of the Certificate Interest Rates applicable to the LIBOR
Certificates for the relevant Interest Accrual Period, in the absence of
manifest error, will be final and binding.
(c) Within five Business Days of the Trustee's calculation of the
Certificate Interest Rates of the LIBOR Certificates, the Trustee shall furnish
to the Company by telecopy (or by such other means as the Trustee and the
Company may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders who inquire of it by
telephone the Certificate Interest Rates of the LIBOR Certificates for the
current and immediately preceding Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no more than four leading
banks engaged in transactions in Eurodollar deposits in the international
Eurocurrency market (i) with an established place of business in London,
England, (ii) whose quotations appear on the display designated "LIBO" on the
Reuters Monitor Money Rates Service (the "Reuters Screen LIBO Page") on the
applicable LIBOR Determination Date and (iii) which have been designated as such
by the Trustee and are able and willing to provide such quotations to the
Trustee on each LIBOR Determination Date. The Reference Banks initially shall
be: Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust Company
and Bankers Trust Company. If any of the initial Reference Banks should be
removed from the Reuters Screen LIBO Page or in any other way fail to meet the
qualifications of a Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best efforts to
designate alternate Reference Banks.
Article VI
THE COMPANY
Section 6.01. Liability of the Company. The Company shall be liable in
accordance herewith only to the extent of the obligations specifically imposed
upon and undertaken by the Company herein.
Section 6.02. Merger or Consolidation of, or Assumption of the Obligations
of, the Company. Any corporation into which the Company may be merged or
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Company shall be a party, or any corporation
succeeding to the business of the Company, or any corporation, more than 50% of
the voting stock of which is, directly or indirectly, owned by General Electric
Company, or any limited partnership, the sole general partner of which is either
the Company or a corporation, more than 50% of the voting stock of which is
owned, directly or indirectly, by General Electric Company, which executes an
agreement of assumption to perform every obligation of the Company hereunder,
shall be the successor of the Company hereunder, without the execution or filing
of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its rights and delegate
its duties and obligations as servicer under this Agreement; provided, that (i)
the purchaser or transferee accepting such assignment or delegation is qualified
to service mortgage loans for FNMA or FHLMC, is reasonably satisfactory to the
Trustee and executes and delivers to the Trustee an agreement, in form and
substance reasonably satisfactory to the Trustee, which contains an assumption
by such purchaser or transferee of the due and punctual performance and
observance of each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such agreement and (ii)
each Rating Agency's rating of any Classes of Certificates in effect immediately
prior to such assignment or delegation would not be qualified, downgraded or
withdrawn as a result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer hereunder except
for liabilities and obligations as servicer incurred prior to such assignment or
delegation.
Section 6.04. Limitation on Liability of the Company and Others. Neither
the Company nor any of the directors or officers or employees or agents of the
Company shall be under any liability to the Trust Fund or the Certificateholders
for any action taken or for refraining from the taking of any action by the
Company pursuant to this Agreement, or for errors in judgment; provided,
however, that this provision shall not protect the Company or any such person
against any liability which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of duties of the
Company or by reason of reckless disregard of obligations and duties of the
Company hereunder. The Company and any director or officer or employee or agent
of the Company may rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any matters arising
hereunder. The Company and any director or officer or employee or agent of the
Company shall be indemnified by the Trust Fund and held harmless against any
loss, liability or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss, liability or expense
related to any specific Mortgage Loan or Mortgage Loans (except as any such
loss, liability or expense shall be otherwise reimbursable pursuant to this
Agreement) and any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of duties
hereunder or by reason of reckless disregard of obligations and duties
hereunder. The Company shall be under no obligation to appear in, prosecute or
defend any legal action which is not incidental to its duties to service the
Mortgage Loans in accordance with this Agreement and which in its opinion may
involve it in any expense or liability; provided, however, that the Company may
in its sole discretion undertake any such action which it may deem necessary or
desirable in respect of this Agreement, and the rights and duties of the parties
hereto and the interests of the Certificateholders hereunder. In such event, the
legal expenses and costs of such action and any liability resulting therefrom
shall be expenses, costs and liabilities of the Trust Fund and the Company shall
be entitled to be reimbursed therefor from amounts credited to the Mortgage Loan
Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to the provisions of
Sections 6.02 and 6.03, the Company shall not resign from the obligations and
duties hereby imposed on it except upon determination that the performance of
its duties hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be evidenced by an
Opinion of Counsel to such effect delivered to the Trustee. No such resignation
shall become effective until the Trustee or a successor servicer shall have
assumed the responsibilities and obligations of the Company in accordance with
Section 7.02.
Article VII
DEFAULT
Section 7.01. Events of Default. If any one of the following events
("Events of Default") shall occur and be continuing:
(i) Any failure by the Company to make any payment to the Trustee
of funds pursuant to Section 3.02(d) out of which distributions to
Certificateholders of any Class are required to be made under the
terms of the Certificates and this Agreement which failure continues
unremedied for a period of three Business Days after the date upon
which written notice of such failure shall have been given to the
Company by the Trustee or to the Company and the Trustee by Holders of
Certificates of each Class affected thereby evidencing, as to each
such Class, Percentage Interests aggregating not less than 25%; or
(ii) Failure on the part of the Company duly to observe or
perform in any material respect any other covenants or agreements of
the Company set forth in the Certificates or in this Agreement, which
covenants and agreements (A) materially affect the rights of
Certificateholders and (B) continue unremedied for a period of 60 days
after the date on which written notice of such failure, requiring the
same to be remedied, shall have been given to the Company by the
Trustee, or to the Company and the Trustee by the Holders of
Certificates of each Class affected thereby evidencing, as to each
such Class, Percentage Interests aggregating not less than 25%; or
(iii) The entry of a decree or order by a court or agency or
supervisory authority having jurisdiction in the premises for the
appointment of a conservator, receiver or liquidator in any
insolvency, readjustment of debt, marshalling of assets and
liabilities or similar proceedings of or relating to the Company, or
for the winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in effect for a
period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency, readjustment
of debt, marshalling of assets and liabilities or similar proceedings
of or relating to the Company or of or relating to substantially all
of its property; or the Company shall admit in writing its inability
to pay its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make
an assignment for the benefit of its creditors, or voluntarily suspend
payment of its obligations;
then, and in each and every such case, so long as an Event of Default shall not
have been remedied by the Company, either the Trustee, or the Holders of
Certificates of each Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 51%, by notice then given in
writing to the Company (and to the Trustee if given by the Certificateholders)
may terminate all of the rights and obligations of the Company as servicer under
this Agreement. On or after the receipt by the Company of such written notice,
all authority and power of the Company under this Agreement, whether with
respect to the Certificates or the Mortgage Loans or otherwise, shall pass to
and be vested in the Trustee pursuant to and under this Section 7.01; and,
without limitation, the Trustee is hereby authorized and empowered to execute
and deliver, on behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all other acts or
things necessary or appropriate to effect the purposes of such notice of
termination, whether to complete the transfer and endorsement of the Mortgage
Loans and related documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The Company agrees
to cooperate with the Trustee in effecting the termination of the
responsibilities and rights of the Company hereunder, including, without
limitation, the transfer to the Trustee for the administration by it of all cash
amounts that shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment Record, or that
have been deposited by the Company in the Certificate Account or are thereafter
received by the Company with respect to the Mortgage Loans. In addition to any
other amounts which are then, or, notwithstanding the termination of its
activities as servicer, may become, payable to the Company under this Agreement,
the Company shall be entitled to receive out of any delinquent payment on
account of interest on a Mortgage Loan, due during the period prior to the
notice pursuant to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that portion of such
payment which it would have been entitled to retain pursuant to Section 3.04(vi)
if such notice had not been given.
Section 7.02. Trustee to Act; Appointment of Successor. (a) On and after
the time the Company receives a notice of termination pursuant to Section 7.01,
the Trustee shall be the successor in all respects to the Company in its
capacity as servicer under this Agreement and the transactions set forth or
provided for herein and shall succeed to all the rights of and be subject to all
the responsibilities, duties and liabilities relating thereto placed on the
Company in its capacity as servicer by the terms and provisions hereof;
provided, however, that the responsibilities and duties of the Company pursuant
to Sections 2.02 and 2.03(a) and, if the Trustee is prohibited by law or
regulation from making Monthly Advances, the responsibility to make Monthly
Advances pursuant to Section 4.04, shall not be the responsibilities, duties or
obligations of the Trustee; and provided further, that any failure of the
Trustee to perform such duties and responsibilities that is caused by the
Company's failure to cooperate with the Trustee as required by Section 7.01
shall not be considered a default by the Trustee hereunder. As compensation
therefor, the Trustee shall, except as provided in Section 7.01, be entitled to
such compensation as the Company would have been entitled to hereunder if no
such notice of termination had been given. Notwithstanding the above, the
Trustee may, if it shall be unwilling so to act, or shall, if it is legally
unable so to act, appoint, or petition a court of competent jurisdiction to
appoint, any established housing and home finance institution approved to
service mortgage loans for either FNMA or FHLMC, having a net worth of not less
than $10,000,000, as the successor to the Company hereunder in the assumption of
all or any part of the responsibilities, duties or liabilities of the Company
hereunder. Pending appointment of a successor to the Company pursuant to this
Article VII, unless the Trustee is prohibited by law from so acting, the Trustee
shall act in such capacity as hereinabove provided. In connection with such
appointment and assumption, the Trustee may make such arrangements for the
compensation of such successor out of payments on Mortgage Loans as it and such
successor shall agree; provided, however, that no such compensation shall be in
excess of that permitted the Company hereunder. The Trustee and such successor
shall take such action, consistent with this Agreement, as shall be necessary to
effectuate any such succession.
(b) Any successor, including the Trustee, to the Company as servicer
pursuant to this Article VII shall during the term of its service as servicer
maintain in force (i) a policy or policies of insurance covering errors and
omissions in the performance of its obligations as servicer hereunder, and (ii)
a fidelity bond in respect of its officers, employees and agents to the same
extent as the Company is so required pursuant to Section 3.15.
Section 7.03. Notification to Certificateholders. Upon any termination or
appointment of a successor to the Company pursuant to this Article VII, the
Trustee shall give prompt written notice thereof to Certificateholders at their
respective addresses appearing in the Certificate Register.
Article VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, prior to the occurrence of an
Event of Default and after the curing of all Events of Default which may have
occurred, undertakes to perform such duties and only such duties as are
specifically set forth in this Agreement. If an Event of Default has occurred
(which has not been cured), the Trustee shall exercise such of the rights and
powers vested in it by this Agreement, and use the same degree of care and skill
in their exercise, as a prudent person would exercise or use under the
circumstances in the conduct of his or her own affairs.
The Trustee, upon receipt of all resolutions, certificates, statements,
opinions, reports, documents, orders or other instruments furnished to the
Trustee which are specifically required to be furnished pursuant to any
provision of this Agreement, shall examine them to determine whether they
conform to the requirements of this Agreement.
No provision of this Agreement shall be construed to relieve the Trustee
from liability for its own negligent action, its own negligent failure to act or
its own misconduct; provided, however, that:
(i) Prior to the occurrence of an Event of Default, and after the
curing of all such Events of Default which may have occurred, the
duties and obligations of the Trustee shall be determined solely by
the express provisions of this Agreement, the Trustee shall not be
liable except for the performance of such duties and obligations as
are specifically set forth in this Agreement, no implied covenants or
obligations shall be read into this Agreement against the Trustee and,
in the absence of bad faith on the part of the Trustee, the Trustee
may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon any certificates
or opinions furnished to the Trustee and conforming to the
requirements of this Agreement;
(ii) The Trustee shall not be personally liable for an error of
judgment made in good faith by a Responsible Officer of the Trustee,
unless it shall be proved that the Trustee was negligent in performing
its duties in accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with respect to
any action taken, suffered or omitted to be taken by it in good faith
in accordance with the direction of the Holders of Certificates of
each Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%, relating to the
time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred
upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with knowledge of (A) any
failure by the Company to comply with the obligations of the Company
referred to in clauses (i) and (ii) of Section 7.01, (B) the rating
downgrade referred to in the definition of "Trigger Event" or (C) any
failure by the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in Section 2.01
unless a Responsible Officer of the Trustee at the Corporate Trust
Office obtains actual knowledge of such failures, occurrence or
downgrade or the Trustee receives written notice of such failures,
occurrence or downgrade from the Company or the Holders of
Certificates of each Class affected thereby evidencing, as to each
such Class, Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make Monthly Advances as
provided herein, the Trustee shall not be required to expend or risk its own
funds or otherwise incur financial liability in the performance of any of its
duties hereunder, or in the exercise of any of its rights or powers, if there is
reasonable ground for believing that the repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it, and
none of the provisions contained in this Agreement shall in any event require
the Trustee to perform, or be responsible for the manner of performance of, any
of the obligations of the Company under this Agreement, except during such time,
if any, as the Trustee shall be the successor to, and be vested with the rights,
duties, powers and privileges of, the Company in accordance with the terms of
this Agreement.
Section 8.02. Certain Matters Affecting the Trustee. Except as otherwise
provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be protected in
acting or refraining from acting upon any resolution, Officer's
Certificate, certificate of auditors or any other certificate,
statement, instrument, opinion, report, notice, request, consent,
order, appraisal, bond or other paper or document believed by it to be
genuine and to have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any Opinion of
Counsel shall be full and complete authorization and protection in
respect of any action taken or suffered or omitted by it hereunder in
good faith and in accordance with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to exercise any of
the rights or powers vested in it by this Agreement, or to institute,
conduct or defend any litigation hereunder or in relation hereto, at
the request, order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee reasonable
security or indemnity against the costs, expenses and liabilities
which may be incurred therein or thereby; nothing contained herein
shall, however, relieve the Trustee of the obligations, upon the
occurrence of an Event of Default (which has not been cured), to
exercise such of the rights and powers vested in it by this Agreement,
and to use the same degree of care and skill in their exercise as a
prudent person would exercise or use under the circumstances in the
conduct of his or her own affairs;
(iv) The Trustee shall not be personally liable for any action
taken, suffered or omitted by it in good faith and believed by it to
be authorized or within the discretion or rights or powers conferred
upon it by this Agreement;
(v) Prior to the occurrence of an Event of Default and after the
curing of all Events of Default which may have occurred, the Trustee
shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond or other paper
or documents, unless requested in writing so to do by Holders of
Certificates of each Class affected thereby evidencing, as to each
such Class, Percentage Interests aggregating not less than 25%;
provided, however, that if the payment within a reasonable time to the
Trustee of the costs, expenses or liabilities likely to be incurred by
it in the making of such investigation is, in the opinion of the
Trustee, not reasonably assured to the Trustee by the security
afforded to it by the terms of this Agreement, the Trustee may require
reasonable indemnity against such cost, expense or liability as a
condition to such proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by the Trustee,
shall be reimbursed by the Company upon demand. Nothing in this clause
(v) shall derogate from the obligation of the Company to observe any
applicable law prohibiting disclosure of information regarding the
Mortgagors; and
(vi) The Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or
through agents or attorneys or a custodian.
Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans. The
recitals contained herein and in the Certificates (other than the signature and
countersignature of the Trustee on the Certificates) shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as to the validity
or sufficiency of this Agreement or of the Certificates (other than the
signature and countersignature of the Trustee on the Certificates) or of any
Mortgage Loan or related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or of the proceeds
of such Certificates, or for the use or application of any funds paid to the
Company in respect of the Mortgage Loans or deposited in or withdrawn from the
Certificate Account by the Company.
Section 8.04. Trustee May Own Certificates. The Trustee in its individual
or any other capacity may become the owner or pledgee of Certificates with the
same rights as it would have if it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and Expenses. The Company
covenants and agrees to pay to the Trustee from time to time, and the Trustee
shall be entitled to, reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust)
for all services rendered by it in the execution of the trusts hereby created
and in the exercise and performance of any of the powers and duties hereunder of
the Trustee, and the Company will pay or reimburse the Trustee upon its request
for all reasonable expenses, disbursements and advances (including any Monthly
Advances of the Trustee not previously reimbursed thereto pursuant to Section
3.04) incurred or made by the Trustee in accordance with any of the provisions
of this Agreement (including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in its employ)
except any such expense, disbursement or advance as may arise from its
negligence or bad faith or which is the responsibility of Certificateholders
hereunder. In addition, the Company covenants and agrees to indemnify the
Trustee from, and hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the negligence or
bad faith of the Trustee. From time to time, the Trustee may request that the
Company debit the Mortgage Loan Payment Record pursuant to Section 3.04 to
reimburse the Trustee for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee. The Trustee hereunder
shall at all times be a corporation having its principal office either in the
State of New York or in the same state as that in which the initial Trustee
under this Agreement has its principal office and organized and doing business
under the laws of such State or the United States of America, authorized under
such laws to exercise corporate trust powers, having a combined capital and
surplus of at least $50,000,000 and subject to supervision or examination by
federal or state authority. If such corporation publishes reports of condition
at least annually, pursuant to law or to the requirements of the aforesaid
supervising or examining authority, then for the purposes of this Section 8.06,
the combined capital and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent report of condition
so published. The Trustee shall not be an affiliate of the Company. In case at
any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section 8.06, the Trustee shall resign immediately in the
manner and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The Trustee may at any
time resign and be discharged from the trusts hereby created by giving written
notice thereof to the Company. Upon receiving such notice of resignation, the
Company shall promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the resigning
Trustee and one copy to the successor Trustee. If no successor Trustee shall
have been so appointed and having accepted appointment within 30 days after the
giving of such notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a successor Trustee.
If the conditions in any of the following clauses (i), (ii) or (iii) shall
occur at any time, the Company may remove the Trustee: (i) the Trustee shall
cease to be eligible in accordance with the provisions of Section 8.06 and shall
fail to resign after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt or insolvent, or
a receiver of the Trustee or of its property shall be appointed, or any public
officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will enable the Company
to avoid (and should, based on the information included in the notice referred
to below, result in the avoidance of) a downgrading of the ratings assigned to
the Certificates by the Rating Agencies (whether or not other actions could
avoid such downgrading) and no Event of Default, as provided by Section 7.01
hereof, shall have occurred or be continuing; provided, however, that no action
shall be taken pursuant to this clause (iii) unless reasonable notice shall have
been provided to the Trustee, which notice shall set forth the basis for any
rating downgrade as contemplated by the Rating Agencies and shall also indicate
the manner in which such proposed action is intended to avoid such downgrade. If
it removes the Trustee under the authority of the immediately preceding
sentence, the Company shall promptly appoint a successor trustee by written
instrument, in duplicate, one copy of which instrument shall be delivered to the
Trustee so removed and one copy to the successor trustee.
Any resignation or removal of the Trustee and appointment of a successor
Trustee pursuant to any of the provisions of this Section 8.07 shall not become
effective until acceptance of appointment by the successor Trustee as provided
in Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee appointed as
provided in Section 8.07 shall execute, acknowledge and deliver to the Company
and to its predecessor Trustee an instrument accepting such appointment
hereunder, and thereupon the resignation or removal of the predecessor Trustee
shall become effective and such successor Trustee, without any further act, deed
or conveyance, shall become fully vested with all the rights, powers, duties and
obligations of its predecessor hereunder, with like effect as if originally
named as Trustee. The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by it hereunder;
and the Company and the predecessor Trustee shall execute and deliver such
instruments and do such other things as may reasonably be required for fully and
certainly vesting and confirming in the successor Trustee all such rights,
powers, duties and obligations.
No successor Trustee shall accept appointment as provided in this Section
8.08 unless at the time of such acceptance such successor Trustee shall be
eligible under the provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee as provided in this
Section 8.08, the Company shall mail notice of the succession of such Trustee
hereunder to all holders of Certificates at their addresses as shown in the
Certificate Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee, the successor Trustee
shall cause such notice to be mailed at the expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any corporation into
which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any corporation
succeeding to the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the execution or filing
of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any time, for the
purpose of meeting any legal requirements of any jurisdiction in which any part
of the Trust Fund or property securing any Mortgage Note may at the time be
located, the Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more Persons
approved by the Trustee to act as co-trustee or co-trustees, jointly with the
Trustee, of all or any part of the Trust Fund, or separate trustee or separate
trustees of any part of the Trust Fund, and to vest in such Person or Persons,
in such capacity and for the benefit of the Certificateholders, such title to
the Trust Fund, or any part thereof, and, subject to the other provisions of
this Section 8.10, such powers, duties, obligations, rights and trusts as the
Company and the Trustee may consider necessary or desirable. If the Company
shall not have joined in such appointment within 15 days after the receipt by it
of a request so to do, or in case an Event of Default shall have occurred and be
continuing, the Trustee alone shall have the power to make such appointment. No
co-trustee or separate trustee hereunder shall be required to meet the terms of
eligibility as a successor trustee under Section 8.06 and no notice to
Certificateholders of the appointment of any co-trustee or separate trustee
shall be required under Section 8.08.
Every separate trustee and co-trustee shall, to the extent permitted by
law, be appointed and act subject to the following provisions and conditions:
(i) All rights, powers, duties and obligations conferred or
imposed upon the Trustee shall be conferred or imposed upon and
exercised or performed by the Trustee and such separate trustee or
co-trustee jointly (it being understood that such separate trustee or
co-trustee is not authorized to act separately without the Trustee
joining in such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be performed
(whether as Trustee hereunder or as successor to the Company
hereunder), the Trustee shall be incompetent or unqualified to perform
such act or acts, in which event such rights, powers, duties and
obligations (including the holding of title to the Trust Fund or any
portion thereof in any such jurisdiction) shall be exercised and
performed singly by such separate trustee or co-trustee, but solely at
the direction of the Trustee;
(ii) No trustee hereunder shall be held personally liable by
reason of any act or omission of any other trustee hereunder; and
(iii) The Company and the Trustee acting jointly may at any time
accept the resignation of or remove any separate trustee or
co-trustee.
Any notice, request or other writing given to the Trustee shall be deemed
to have been given to each of the then separate trustees and co-trustees, as
effectively as if given to each of them. Every instrument appointing any
separate trustee or co-trustee shall refer to this Agreement and the conditions
of this Article VIII. Each separate trustee and co-trustee, upon its acceptance
of the trusts conferred, shall be vested with the estates or property specified
in its instrument of appointment, either jointly with the Trustee or separately,
as may be provided therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating to the conduct
of, affecting the liability of, or affording protection to, the Trustee. Every
such instrument shall be filed with the Trustee and a copy thereof given to the
Company.
Any separate trustee or co-trustee may, at any time, constitute the
Trustee, its agent or attorney-in-fact, with full power and authority, to the
extent not prohibited by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Trustee, to the extent permitted by law, without the appointment of a new or
successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax Returns. The Trustee
shall at all times act in such a manner in the performance of its duties
hereunder as shall be necessary to prevent the Trust Fund from failing to
qualify as a REMIC and to prevent the imposition of a tax on the Trust Fund or
the REMIC established hereunder. The Trustee, upon request, will furnish the
Company with all such information within its possession as may be reasonably
required in connection with the preparation of all tax returns of the Trust Fund
and any Reserve Fund, and shall, upon request, execute such returns.
Article IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or Liquidation of
All Mortgage Loans. Subject to Section 9.02, the respective obligations and
responsibilities of the Company and the Trustee created hereby (other than the
obligation of the Trustee to make certain payments to Certificateholders after
the final Distribution Date and the obligation of the Trustee to send certain
notices as hereinafter set forth) shall terminate upon the last action required
to be taken by the Trustee on the final Distribution Date pursuant to this
Article IX following the earlier of (a) the repurchase by the Company of all
Mortgage Loans and all REO Mortgage Loans remaining in the Trust Fund at a price
equal to the sum of (x) 100% of the unpaid principal balance of each Mortgage
Loan (other than any REO Mortgage Loans described in the following clause) as of
the first day of the month in which such purchase price is to be distributed to
Certificateholders plus accrued and unpaid interest thereon at the applicable
Net Mortgage Rate (less any amounts constituting previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase price is to be
distributed to Certificateholders and (y) the appraised value of any REO
Mortgage Loan (less the good faith estimate of the Company of Liquidation
Expenses to be incurred in connection with its disposal thereof), such appraisal
to be conducted by an appraiser mutually agreed upon by the Company and the
Trustee, and (b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan remaining in the
Trust Fund or the disposition of all property acquired upon foreclosure or by
deed in lieu of foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund created hereby continue beyond the expiration of 21
years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late ambassador of the United States of America to the Court of St.
James's, living on the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall be conditioned
upon the aggregate of the Scheduled Principal Balance of the Outstanding
Mortgage Loans, at the time of any such repurchase, aggregating less than 10
percent of the aggregate of the Scheduled Principal Balance of the Mortgage
Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution Date upon which the
Certificateholders may surrender their Certificates to the Trustee for payment
of the final distribution and cancellation, shall be given promptly by the
Trustee by letter to Certificateholders mailed not earlier than the 15th day and
not later than the 25th day of the month next preceding the month of such final
distribution specifying (A) the Distribution Date upon which final payment of
the Certificates will be made upon presentation and surrender of the
Certificates at the office of the Trustee therein designated, (B) the amount of
any such final payment and (C) that the Record Date otherwise applicable to such
Distribution Date is not applicable, payments being made only upon presentation
and surrender of the Certificates at the office of the Trustee therein
specified. The Trustee shall give such notice to the Certificate Registrar at
the time such notice is given to Certificateholders. In the event such notice is
given in connection with the exercise by the Company of its right of repurchase,
the Company shall deposit in the Certificate Account not later than 11:00 a.m.
on the Business Day prior to the final Distribution Date in next-day funds an
amount equal to the price described above. Upon presentation and surrender of
the Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as above provided,
any such repurchase being in lieu of the distribution otherwise required to be
made on the Distribution Date upon which the repurchase is effected. Upon
certification to the Trustee by a Servicing Officer following such final
deposit, the Trustee shall promptly release to the Company the Mortgage Files
for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall distribute amounts on
deposit in the Certificate Account in accordance with the applicable priorities
provided by Section 4.01. Distributions on each Certificate shall be made on the
final Distribution Date in the manner specified in Section 4.02 but only upon
presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall not surrender their
Certificates for cancellation within six months after the date specified in the
above-mentioned written notice, the Trustee shall give a second written notice
to the remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect thereto. If within
one year after the second notice all the Certificates shall not have been
surrendered for cancellation, the Trustee may take appropriate steps, or may
appoint an agent to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates, and the cost
thereof shall be paid out of the funds and other assets which remain subject
hereto.
Section 9.02. Additional Termination Requirements. (a) In the event the
Company exercises its purchase option as provided in Section 9.01, the Trust
Fund and the REMIC established hereunder shall be terminated in accordance with
the following additional requirements, unless the Trustee has been supplied with
an Opinion of Counsel to the effect that the failure to comply with the
requirements of this Section 9.02 will not (i) result in the imposition of taxes
on "prohibited transactions" of such REMIC as defined in section 860F of the
Code, or (ii) cause the Trust Fund to fail to qualify as a REMIC at any time
that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution Date set forth
in the notice given by the Trustee under Section 9.01, the Company
shall prepare and the Trustee shall execute and adopt a plan of
complete liquidation for such REMIC within the meaning of section
860F(a)(4)(A)(i) of the Code, which shall be evidenced by such notice;
and
(ii) Within 90 days after the time of adoption of such a plan of
complete liquidation, the Trustee shall sell all of the assets of the
Trust Fund to the Company for cash in accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates, the Holders thereof
hereby authorize the Trustee to adopt such a plan of complete liquidation which
authorization shall be binding on all successor Holders of the Residual
Certificates.
(c) On the final federal income tax return for the REMIC established
hereunder, the Trustee will attach a statement specifying the date of the
adoption of the plan of liquidation.
Article X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be amended from time to time
by the Company and the Trustee, without the consent of any of the
Certificateholders, to cure any ambiguity, to correct or supplement any
provisions herein or therein which may be defective or inconsistent with any
other provisions herein, or to surrender any right or power herein conferred
upon the Company, or to add any other provisions with respect to matters or
questions arising under this Agreement, which shall not be materially
inconsistent with the provisions of this Agreement; provided, however, that such
action shall not, as evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder. Notwithstanding the
foregoing, without the consent of the Certificateholders, the Trustee and the
Company may at any time and from time to time amend this Agreement to modify,
eliminate or add to any of its provisions to such extent as shall be necessary
or appropriate to maintain the qualification of the Trust Fund as a REMIC under
the Code or to avoid or minimize the risk of the imposition of any tax on the
Trust Fund pursuant to the Code that would be a claim against the Trust Fund at
any time prior to the final redemption of the Certificates, provided that the
Trustee has obtained an opinion of independent counsel (which opinion also shall
be addressed to the Company) to the effect that such action is necessary or
appropriate to maintain such qualification or to avoid or minimize the risk of
the imposition of such a tax.
This Agreement may also be amended from time to time by the Company and the
Trustee with the consent of Holders of Certificates evidencing (i) not less than
66% of the Voting Rights of all the Certificates or (ii) Percentage Interests
aggregating not less than 66% of each Class affected by such amendment, for the
purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Agreement, or of modifying in any manner the rights of
the Holders of Certificates; provided, however, that no such amendment shall (a)
reduce in any manner the amount of, or delay the timing of, collections of
payments on the Mortgage Loans or distributions which are required to be made on
any Certificate without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the Holders of any
Class of Certificates in any manner other than as described in (a), without the
consent of the Holders of Certificates evidencing Percentage Interests
aggregating not less than 66% of such Class, or (c) reduce the aforesaid
percentages of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates of such Class
then outstanding. For purposes of this paragraph, references to "Holder" or
"Holders" shall be deemed to include, in the case of any Class of Book-Entry
Certificates, the related Certificate Owners.
Notwithstanding any contrary provision of this Agreement, the Trustee shall
not consent to any amendment to this Agreement unless it shall have first
received an Opinion of Counsel to the effect that such amendment will not
subject the Trust Fund to tax or cause the Trust Fund to fail to qualify as a
REMIC at any time that any Certificates are outstanding.
Promptly after the execution of any such amendment or consent the Trustee
shall furnish written notification of the substance of such amendment to each
Certificateholder.
It shall not be necessary for the consent of Certificateholders under this
Section 10.01 to approve the particular form of any proposed amendment, but it
shall be sufficient if such consent shall approve the substance thereof. The
manner of obtaining such consents and of evidencing the authorization of the
execution thereof by Certificateholders shall be subject to such reasonable
requirements as the Trustee may prescribe.
Section 10.02. Recordation of Agreement. This Agreement is subject to
recordation in all appropriate public offices for real property records in all
the counties or other comparable jurisdictions in which any or all of the
properties subject to the Mortgages are situated, and in any other appropriate
public recording office or elsewhere, such recordation to be effected by the
Company and at its expense on direction by the Trustee, but only upon direction
of the Trustee accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
For the purpose of facilitating the recordation of this Agreement as herein
provided and for other purposes, this Agreement may be executed simultaneously
in any number of counterparts, each of which counterparts shall be deemed to be
an original, and such counterparts shall constitute but one and the same
instrument.
Section 10.03. Limitation on Rights of Certificateholders. The death or
incapacity of any Certificateholder shall not operate to terminate this
Agreement or the Trust Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any action or
commence any proceeding in any court for a partition or winding up of the Trust
Fund, nor otherwise affect the rights, obligations and liabilities of the
parties hereto or any of them.
No Certificateholder shall have any right to vote (except as provided in
Section 10.01) or in any manner otherwise control the operation and management
of the Trust Fund, or the obligations of the parties hereto, nor shall anything
herein set forth, or contained in the terms of the Certificates, be construed so
as to constitute the Certificateholders from time to time as partners or members
of an association; nor shall any Certificateholder be under any liability to any
third person by reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or by availing itself
of any provisions of this Agreement to institute any suit, action or proceeding
in equity or at law upon or under or with respect to this Agreement, unless such
Holder previously shall have given to the Trustee a written notice of default
and of the continuance thereof, as hereinbefore provided, and unless also the
Holders of Certificates of each Class affected thereby evidencing, as to each
such Class, Percentage Interests aggregating not less than 25% shall have made
written request upon the Trustee to institute such action, suit or proceeding in
its own name as Trustee hereunder and shall have offered to the Trustee such
reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby, and the Trustee, for 60 days
after its receipt of such notice, request and offer of indemnity, shall have
neglected or refused to institute any such action, suit or proceeding; it being
understood and intended, and being expressly covenanted by each
Certificateholder with every other Certificateholder and the Trustee, that no
one or more Holders of Certificates shall have any right in any manner whatever
by virtue or by availing itself or themselves of any provisions of this
Agreement to affect, disturb or prejudice the rights of the Holders of any other
of the Certificates, or to obtain or seek to obtain priority over or preference
to any other such Holder, or to enforce any right under this Agreement, except
in the manner herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the provisions of
this Section 10.03, each and every Certificateholder and the Trustee shall be
entitled to such relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS
AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.
Section 10.05. Notices. All demands, notices and communications hereunder
shall be in writing and shall be deemed to have been duly given if personally
delivered at or mailed by certified mail, return receipt requested, (a) in the
case of the Company, to GE Capital Mortgage Services, Inc., 3 Executive Campus,
Cherry Hill, New Jersey 08002, Attention: General Counsel, (b) in the case of
the Trustee, to State Street Bank and Trust Company, Corporate Trust Department,
225 Franklin Street, Boston, Massachusetts 02110, (c) in the case of Fitch, to
Fitch IBCA, Inc., One State Street Plaza, New York, New York 10004, Attention:
Structured Finance Surveillance, and (d) in the case of S&P, Standard and Poor's
Ratings Services, 26 Broadway, 10th Floor, New York, New York 10004, Attention:
Residential Mortgage Surveillance, or, as to each such Person, at such other
address as shall be designated by such Person in a written notice to each other
named Person. Any notice required or permitted to be mailed to a
Certificateholder shall be given by first class mail, postage prepaid, at the
address of such Holder as shown in the Certificate Register. Any notice so
mailed within the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the Certificateholder receives
such notice.
Section 10.06. Notices to the Rating Agencies. The Company shall deliver
written notice of the following events to each Rating Agency promptly following
the occurrence thereof: material amendment to this Agreement; any Event of
Default; any Trigger Event; change in or termination of the Trustee; removal of
the Company or any successor servicer as servicer; repurchase or replacement of
any Defective Mortgage Loan pursuant to Section 2.03; and final payment to
Certificateholders. In addition, the Company shall deliver copies of the
following documents to each Rating Agency at the time such documents are
required to be delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of independent
accountants pursuant to Section 3.13 and annual servicer compliance report
pursuant to Section 3.12. Notwithstanding the foregoing, the failure to deliver
such notices or copies shall not constitute an Event of Default under this
Agreement.
Section 10.07. Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then to the extent permitted by law such
covenants, agreements, provisions or terms shall be deemed severable from the
remaining covenants, agreements, provisions or terms of this Agreement and shall
in no way affect the validity or enforceability of the other provisions of this
Agreement or of the Certificates or the rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully Paid. It is the
intention of the Trustee that Certificateholders shall not be personally liable
for obligations of the Trust Fund, that the beneficial ownership interests
represented by the Certificates shall be nonassessable for any losses or
expenses of the Trust Fund or for any reason whatsoever, and that Certificates
upon execution, countersignature and delivery thereof by the Trustee are and
shall be deemed fully paid.
* * *
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have caused this Agreement
to be duly executed by their respective officers and their respective seals,
duly attested, to be hereunto affixed, all as of the day and year first above
written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:____________________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:____________________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of March, 1999 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 March, 1999 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>
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 MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A1 Certificate
Principal Balance:
Class A1 $134,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RE43
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A1 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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 Mortgage Pass-Through Certificates, Series 1999-3, issued in
twenty-seven Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class R, Class PO, Class
S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called
the "Certificates").
The Certificates are limited in right of payment to certain payments on and
collections in respect of the Mortgage Loans, all as more specifically set forth
in the Agreement. The Certificateholder, by its acceptance of this Certificate,
agrees that it will look solely to the funds on deposit in the Certificate
Account for payment hereunder and that the Trustee in its individual capacity is
not personally liable to the Certificateholders for any amount payable under
this Certificate or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions therein provided,
certain losses on the Mortgage Loans resulting from defaults by Mortgagors will
be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the Holders of the
other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement and reference
is made to the Agreement for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced hereby, and the rights, duties and
immunities of the Trustee.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Agreement at any time
by the Company and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined in the
Agreement. Any such consent by the Holder of this Certificate shall be
conclusive and binding on such Holder and upon all future Holders of this
Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class
B5 Certificate which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of 1974, as amended
("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of
1986, as amended ("Section 4975") (a "Plan") or a Person that is using the
assets of a Plan to acquire such Certificate or (y) is an insurance company
investing assets of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed.
Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's
acquisition and holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" and subject to the prohibited transaction provisions
of ERISA or Section 4975 and will not subject the Trustee or the Company to any
obligation in addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and holding of a Class
M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under ERISA or Section
4975.
No transfer of any Class R Certificate shall be made to any Person unless
the Trustee has received a certificate from such transferee to the effect that,
among other things, such transferee (x) is not an employee benefit plan subject
to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any
such Class R Certificate or (y) is an insurance company investing assets of its
general account and the Exemption applies to such transferee's acquisition and
holding of any such Class R Certificate.
As provided in the Agreement, and subject to certain limitations therein
set forth, the transfer of this Certificate is registerable in the Certificate
Register of the Trustee upon surrender of this Certificate for registration of
transfer at the office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the City of New York,
accompanied by a written instrument of transfer in form satisfactory to the
Company, the Trustee, and the Certificate Registrar duly executed by the Holder
hereof or such Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest will be issued to the
designated transferee or transferees.
The Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates are
exchangeable for new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by the Holder
surrendering the same.
No service charge will be made for any such registration of transfer or
exchange, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any agent of the Trustee or
the Certificate Registrar may treat the Person in whose name this Certificate is
registered as the owner hereof for all purposes, and neither the Trustee, the
Certificate Registrar nor any such agent shall be affected by any notice to the
contrary.
The obligations and responsibilities created by the Agreement, and the
Trust Fund created thereby shall terminate upon payment to the
Certificateholders, or provision therefor, in accordance with the Agreement
following the earlier of (a) the repurchase by the Company of all Mortgage Loans
and all property acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of
each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus
accrued and unpaid interest thereon at the rate provided for in the Agreement
(less any amounts representing previously unreimbursed Monthly Advances) and (y)
the appraised value of any property acquired in respect of a Mortgage Loan
determined as provided in the Agreement, and (b) the later of the final payment
or other liquidation (or any Monthly Advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage
Loan. The right of the Company to repurchase all the Mortgage Loans and property
in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance
at the time of repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise of such right
will result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the Trustee, by manual
signature, this Certificate shall not be entitled to any benefit under the
Agreement or be valid for any purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s)
and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to issue a
new Certificate of like Class and Percentage Interest, to the
above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
_________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A2 Certificate
Principal Balance:
Class A2 $5,456,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of thisCertificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RE50
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A2 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A3 Certificate
Principal Balance:
Class A3 $21,053,083.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RE68
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A3 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A4 Certificate
Principal Balance:
Class A4 $8,475,917.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RE76
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A4 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A5 Certificate
Principal Balance:
Class A5 $50,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RE84
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A5 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A6 Certificate
Principal Balance:
Class A6 $3,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RE92
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A6 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A7 Certificate
Principal Balance:
Class A7 $3,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF26
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A7 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A8 Certificate
Principal Balance:
Class A8 $2,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF34
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A8 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A9 Certificate
Principal Balance:
Class A9 $2,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF42
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A9 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A10 Certificate
Principal Balance:
Class A10 $2,461,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF59
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A10 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A11 Certificate
Principal Balance:
Class A11 $1,968,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF67
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A11 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A12 Certificate
Principal Balance:
Class A12 $1,968,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF75
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A12 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A13 Certificate
Principal Balance:
Class A13 $1,968,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF83
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
A13 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
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 A14 Certificate
Principal Balance:
Class A14 $1,478,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RF91
April 26, 1999
<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
A14 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
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 A15 Certificate
Principal Balance:
Class A15 $127,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RG25
April 26, 1999
<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
A15 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
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 A16 Certificate
Principal Balance:
Class A16 $76,424,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RG33
April 26, 1999
<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
A16 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
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 A17 Certificate
Principal Balance:
Class A17 $12,119,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RG41
April 26, 1999
<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
A17 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
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 A18 Certificate
Principal Balance:
Class A18 $25,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RG58
April 26, 1999
<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
A18 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
was created pursuant to a Pooling and Servicing Agreement dated as of March 1,
1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE
AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS THE "RESIDUAL
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO
CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH IN THE AGREEMENT, AND SHALL
BE REQUIRED TO FURNISH AN AFFIDAVIT TO THE TRANSFEROR AND THE TRUSTEE TO THE
EFFECT THAT IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN
CODE SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR OTHER
MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY THAT HOLDS REMIC
RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE CLEARANCE AND SETTLEMENT OF
SUCH SECURITIES THROUGH BOOK-ENTRY CHANGES IN ACCOUNTS OF PARTICIPATING
ORGANIZATIONS (A "BOOK-ENTRY NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO
THE AGREEMENT AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE
IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED HEREIN) AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE REMIC TO PERFORM THE
FUNCTIONS OF A "TAX MATTERS PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63
OF SUBTITLE F OF THE CODE, WITH RESPECT TO THE TRUST FUND.
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.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R Certificate
Principal Balance:
Class R $100
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP:36157RG66
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
R Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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 Mortgage Pass-Through Certificates, Series 1999-3, issued in
twenty-seven Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class R, Class PO, Class
S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called
the "Certificates").
The Certificates are limited in right of payment to certain payments on and
collections in respect of the Mortgage Loans, all as more specifically set forth
in the Agreement. The Certificateholder, by its acceptance of this Certificate,
agrees that it will look solely to the funds on deposit in the Certificate
Account for payment hereunder and that the Trustee in its individual capacity is
not personally liable to the Certificateholders for any amount payable under
this Certificate or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans resulting from defaults
by Mortgagors will be borne by the Holders of the Class M, Class B1, Class B2,
Class B3, Class B4 and Class B5 Certificates before such losses will be borne by
the Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement and reference
is made to the Agreement for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced hereby, and the rights, duties and
immunities of the Trustee.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Agreement at any time
by the Company and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined in the
Agreement. Any such consent by the Holder of this Certificate shall be
conclusive and binding on such Holder and upon all future Holders of this
Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class
B5 Certificate which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of 1974, as amended
("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of
1986, as amended ("Section 4975") (a "Plan") or a Person that is using the
assets of a Plan to acquire such Certificate or (y) is an insurance company
investing assets of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed.
Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's
acquisition and holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" and subject to the prohibited transaction provisions
of ERISA or Section 4975 and will not subject the Trustee or the Company to any
obligation in addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and holding of a Class
M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under ERISA or Section
4975.
No transfer of any Class R Certificate shall be made to any Person unless
the Trustee has received a certificate from such transferee to the effect that,
among other things, such transferee (x) is not an employee benefit plan subject
to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any
such Class R Certificate or (y) is an insurance company investing assets of its
general account and the Exemption applies to such transferee's acquisition and
holding of any such Class R Certificate.
As provided in the Agreement, and subject to certain limitations therein
set forth, the transfer of this Certificate is registerable in the Certificate
Register of the Trustee upon surrender of this Certificate for registration of
transfer at the office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the City of New York,
accompanied by a written instrument of transfer in form satisfactory to the
Company, the Trustee, and the Certificate Registrar duly executed by the Holder
hereof or such Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest will be issued to the
designated transferee or transferees.
The Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates are
exchangeable for new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by the Holder
surrendering the same.
No service charge will be made for any such registration of transfer or
exchange, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any agent of the Trustee or
the Certificate Registrar may treat the Person in whose name this Certificate is
registered as the owner hereof for all purposes, and neither the Trustee, the
Certificate Registrar nor any such agent shall be affected by any notice to the
contrary.
The obligations and responsibilities created by the Agreement, and the
Trust Fund created thereby shall terminate upon payment to the
Certificateholders, or provision therefor, in accordance with the Agreement
following the earlier of (a) the repurchase by the Company of all Mortgage Loans
and all property acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of
each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus
accrued and unpaid interest thereon at the rate provided for in the Agreement
(less any amounts representing previously unreimbursed Monthly Advances) and (y)
the appraised value of any property acquired in respect of a Mortgage Loan
determined as provided in the Agreement, and (b) the later of the final payment
or other liquidation (or any Monthly Advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage
Loan. The right of the Company to repurchase all the Mortgage Loans and property
in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance
at the time of repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise of such right
will result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the Trustee, by manual
signature, this Certificate shall not be entitled to any benefit under the
Agreement or be valid for any purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s)
and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to issue a
new Certificate of like Class and Percentage Interest, to the
above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
_________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE
WITHOUT REGISTRATION THEREOF UNDER THE SECURITIES ACT MAY ONLY BE MADE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
IN ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class PO Certificate
Principal Balance:
Class PO $707,230.80
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
March 1, 1999
First Distribution Date:
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
PO Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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 Mortgage Pass-Through Certificates, Series 1999-3, issued in
twenty-seven Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class R, Class PO, Class
S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called
the "Certificates").
The Certificates are limited in right of payment to certain payments on and
collections in respect of the Mortgage Loans, all as more specifically set forth
in the Agreement. The Certificateholder, by its acceptance of this Certificate,
agrees that it will look solely to the funds on deposit in the Certificate
Account for payment hereunder and that the Trustee in its individual capacity is
not personally liable to the Certificateholders for any amount payable under
this Certificate or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions therein provided,
certain losses on the Mortgage Loans resulting from defaults by Mortgagors will
be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the Holders of the
other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement and reference
is made to the Agreement for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced hereby, and the rights, duties and
immunities of the Trustee.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Agreement at any time
by the Company and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined in the
Agreement. Any such consent by the Holder of this Certificate shall be
conclusive and binding on such Holder and upon all future Holders of this
Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class
B5 Certificate which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of 1974, as amended
("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of
1986, as amended ("Section 4975") (a "Plan") or a Person that is using the
assets of a Plan to acquire such Certificate or (y) is an insurance company
investing assets of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Class Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's
acquisition and holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" and subject to the prohibited transaction provisions
of ERISA or Section 4975 and will not subject the Trustee or the Company to any
obligation in addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and holding of a Class
M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under ERISA or Section
4975.
No transfer of any Class R Certificate shall be made to any Person unless
the Trustee has received a certificate from such transferee to the effect that,
among other things, such transferee (x) is not an employee benefit plan subject
to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any
such Class R Certificate or (y) is an insurance company investing assets of its
general account and the Exemption applies to such transferee's acquisition and
holding of any such Class R Certificate.
As provided in the Agreement, and subject to certain limitations therein
set forth, the transfer of this Certificate is registerable in the Certificate
Register of the Trustee upon surrender of this Certificate for registration of
transfer at the office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the City of New York,
accompanied by a written instrument of transfer in form satisfactory to the
Company, the Trustee, and the Certificate Registrar duly executed by the Holder
hereof or such Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest will be issued to the
designated transferee or transferees.
The Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates are
exchangeable for new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by the Holder
surrendering the same.
No service charge will be made for any such registration of transfer or
exchange, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any agent of the Trustee or
the Certificate Registrar may treat the Person in whose name this Certificate is
registered as the owner hereof for all purposes, and neither the Trustee, the
Certificate Registrar nor any such agent shall be affected by any notice to the
contrary.
The obligations and responsibilities created by the Agreement, and the
Trust Fund created thereby shall terminate upon payment to the
Certificateholders, or provision therefor, in accordance with the Agreement
following the earlier of (a) the repurchase by the Company of all Mortgage Loans
and all property acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of
each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus
accrued and unpaid interest thereon at the rate provided for in the Agreement
(less any amounts representing previously unreimbursed Monthly Advances) and (y)
the appraised value of any property acquired in respect of a Mortgage Loan
determined as provided in the Agreement, and (b) the later of the final payment
or other liquidation (or any Monthly Advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage
Loan. The right of the Company to repurchase all the Mortgage Loans and property
in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance
at the time of repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise of such right
will result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the Trustee, by manual
signature, this Certificate shall not be entitled to any benefit under the
Agreement or be valid for any purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s)
and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to issue a
new Certificate of like Class and Percentage Interest, to the
above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
_________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS CERTIFICATE. INTEREST IS
CALCULATED ON THIS CERTIFICATE BASED ON THE CLASS S NOTIONAL PRINCIPAL BALANCE,
WHICH, AS OF ANY DISTRIBUTION DATE, IS EQUAL TO THE AGGREGATE SCHEDULED
PRINCIPAL BALANCE OF THE OUTSTANDING NON-DISCOUNT MORTGAGE LOANS AS SET FORTH IN
THE AGREEMENT (AS DEFINED HEREIN). CONSEQUENTLY, 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 HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE
WITHOUT REGISTRATION THEREOF UNDER THE SECURITIES ACT MAY ONLY BE MADE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
IN ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). THE
FOLLOWING INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE U.S.
FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO THIS CERTIFICATE.
THE DATE OF ISSUE OF THIS CERTIFICATE IS DECEMBER 30, 1997. THE INITIAL PER
ANNUM RATE OF INTEREST ON THIS CERTIFICATE IS VARIABLE. ASSUMING THAT PRINCIPAL
PREPAYMENTS ARE MADE ON THE MORTGAGE LOANS (AS DEFINED HEREIN) UNDERLYING THE
CERTIFICATES AT A RATE OF 250% OF THE PREPAYMENT ASSUMPTION (AS DEFINED IN THE
PROSPECTUS COVERING THE INITIAL OFFERING OF THE CERTIFICATES), THIS CERTIFICATE
HAS BEEN ISSUED WITH NO MORE THAN $10.00 OF OID PER $1,000 OF INITIAL
CERTIFICATE PRINCIPAL BALANCE, THE YIELD TO MATURITY IS 15.59% AND THE AMOUNT OF
OID ATTRIBUTABLE TO THE INITIAL SHORT ACCRUAL PERIOD IS NO MORE THAN $0.18 PER
$1,000 OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED UNDER THE EXACT
METHOD. NO REPRESENTATION IS MADE AS TO THE RATE AT WHICH PRINCIPAL PAYMENTS
WILL BE MADE ON THE MORTGAGE LOANS.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
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 S Notional
Principal Balance:
Class S $500,082,531.00
Certificate Interest Initial Notional Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date:
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Notional Principal Balance of this Certificate
by the aggregate initial Notional Principal Balance of all Class S Certificates,
both as specified above) in certain distributions with respect to the Trust
Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate,
one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by
GE Capital Mortgage Services, Inc., a corporation organized and existing under
the laws of the State of New Jersey (the "Company"). The Trust Fund was created
pursuant to a Pooling and Servicing Agreement dated as of March 1, 1999 (the
"Agreement"), between the Company and State Street Bank and Trust Company, as
trustee (the "Trustee"), a summary of certain of the pertinent provisions of
which is set forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This Certificate is
issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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 Mortgage Pass-Through Certificates, Series 1999-3, issued in
twenty-seven Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class R, Class PO, Class
S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called
the "Certificates").
The Certificates are limited in right of payment to certain payments on and
collections in respect of the Mortgage Loans, all as more specifically set forth
in the Agreement. The Certificateholder, by its acceptance of this Certificate,
agrees that it will look solely to the funds on deposit in the Certificate
Account for payment hereunder and that the Trustee in its individual capacity is
not personally liable to the Certificateholders for any amount payable under
this Certificate or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions therein provided,
certain losses on the Mortgage Loans resulting from defaults by Mortgagors will
be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the Holders of the
other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement and reference
is made to the Agreement for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced hereby, and the rights, duties and
immunities of the Trustee.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Agreement at any time
by the Company and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined in the
Agreement. Any such consent by the Holder of this Certificate shall be
conclusive and binding on such Holder and upon all future Holders of this
Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement, and subject to certain limitations therein
set forth, the transfer of this Certificate is registerable in the Certificate
Register of the Trustee upon surrender of this Certificate for registration of
transfer at the office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the City of New York,
accompanied by a written instrument of transfer in form satisfactory to the
Company, the Trustee, and the Certificate Registrar duly executed by the Holder
hereof or such Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest will be issued to the
designated transferee or transferees. The Certificates are issuable only as
registered Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain limitations
therein set forth, Certificates are exchangeable for new Certificates of the
same Class of authorized denominations evidencing the same aggregate Percentage
Interest as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any agent of the Trustee or
the Certificate Registrar may treat the Person in whose name this Certificate is
registered as the owner hereof for all purposes, and neither the Trustee, the
Certificate Registrar nor any such agent shall be affected by any notice to the
contrary.
The obligations and responsibilities created by the Agreement, and the
Trust Fund created thereby shall terminate upon payment to the
Certificateholders, or provision therefor, in accordance with the Agreement
following the earlier of (a) the repurchase by the Company of all Mortgage Loans
and all property acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of
each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus
accrued and unpaid interest thereon at the rate provided for in the Agreement
(less any amounts representing previously unreimbursed Monthly Advances) and (y)
the appraised value of any property acquired in respect of a Mortgage Loan
determined as provided in the Agreement, and (b) the later of the final payment
or other liquidation (or any Monthly Advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage
Loan. The right of the Company to repurchase all the Mortgage Loans and property
in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance
at the time of repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise of such right
will result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the Trustee, by manual
signature, this Certificate shall not be entitled to any benefit under the
Agreement or be valid for any purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s)
and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to issue a
new Certificate of like Class and Percentage Interest, to the
above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
_________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF
THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE
AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
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.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class M Certificate
Principal Balance:
Class M $9,251,500.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RG74
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
M Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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 Mortgage Pass-Through Certificates, Series 1999-3, issued in
twenty-seven Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class R, Class PO, Class
S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called
the "Certificates").
The Certificates are limited in right of payment to certain payments on and
collections in respect of the Mortgage Loans, all as more specifically set forth
in the Agreement. The Certificateholder, by its acceptance of this Certificate,
agrees that it will look solely to the funds on deposit in the Certificate
Account for payment hereunder and that the Trustee in its individual capacity is
not personally liable to the Certificateholders for any amount payable under
this Certificate or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions therein provided,
certain losses on the Mortgage Loans resulting from defaults by Mortgagors will
be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the Holders of the
other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement and reference
is made to the Agreement for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced hereby, and the rights, duties and
immunities of the Trustee.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Agreement at any time
by the Company and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined in the
Agreement. Any such consent by the Holder of this Certificate shall be
conclusive and binding on such Holder and upon all future Holders of this
Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class
B5 Certificate which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of 1974, as amended
("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of
1986, as amended ("Section 4975") (a "Plan") or a Person that is using the
assets of a Plan to acquire such Certificate or (y) is an insurance company
investing assets of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed.
Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's
acquisition and holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" and subject to the prohibited transaction provisions
of ERISA or Section 4975 and will not subject the Trustee or the Company to any
obligation in addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and holding of a Class
M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under ERISA or Section
4975.
No transfer of any Class R Certificate shall be made to any Person unless
the Trustee has received a certificate from such transferee to the effect that,
among other things, such transferee (x) is not an employee benefit plan subject
to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any
such Class R Certificate or (y) is an insurance company investing assets of its
general account and the Exemption applies to such transferee's acquisition and
holding of any such Class R Certificate.
As provided in the Agreement, and subject to certain limitations therein
set forth, the transfer of this Certificate is registerable in the Certificate
Register of the Trustee upon surrender of this Certificate for registration of
transfer at the office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the City of New York,
accompanied by a written instrument of transfer in form satisfactory to the
Company, the Trustee, and the Certificate Registrar duly executed by the Holder
hereof or such Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest will be issued to the
designated transferee or transferees.
The Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates are
exchangeable for new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by the Holder
surrendering the same.
No service charge will be made for any such registration of transfer or
exchange, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any agent of the Trustee or
the Certificate Registrar may treat the Person in whose name this Certificate is
registered as the owner hereof for all purposes, and neither the Trustee, the
Certificate Registrar nor any such agent shall be affected by any notice to the
contrary.
The obligations and responsibilities created by the Agreement, and the
Trust Fund created thereby shall terminate upon payment to the
Certificateholders, or provision therefor, in accordance with the Agreement
following the earlier of (a) the repurchase by the Company of all Mortgage Loans
and all property acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of
each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus
accrued and unpaid interest thereon at the rate provided for in the Agreement
(less any amounts representing previously unreimbursed Monthly Advances) and (y)
the appraised value of any property acquired in respect of a Mortgage Loan
determined as provided in the Agreement, and (b) the later of the final payment
or other liquidation (or any Monthly Advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage
Loan. The right of the Company to repurchase all the Mortgage Loans and property
in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance
at the time of repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise of such right
will result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the Trustee, by manual
signature, this Certificate shall not be entitled to any benefit under the
Agreement or be valid for any purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s)
and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to issue a
new Certificate of like Class and Percentage Interest, to the
above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
_________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF
THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE
AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
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.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $3,750,600.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RG82
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
B1 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<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.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B2 Certificate
Principal Balance:
Class B2 $2,250,300.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RG90
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
B2 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF
THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES ("BLUE SKY LAWS"), AND SUCH CERTIFICATE MAY NOT BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM
THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION
PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (C) TO AN
INSTITUTIONAL ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A TRANSACTION EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
ANY APPLICABLE BLUE SKY LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY
OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE
AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT
PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE
ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET
FORTH HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $2,500,400.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RM85
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
B3 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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 Mortgage Pass-Through Certificates, Series 1999-3, issued in
twenty-seven Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class A14, Class A15, Class A16, Class A17, Class A18, Class R, Class PO, Class
S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called
the "Certificates").
The Certificates are limited in right of payment to certain payments on and
collections in respect of the Mortgage Loans, all as more specifically set forth
in the Agreement. The Certificateholder, by its acceptance of this Certificate,
agrees that it will look solely to the funds on deposit in the Certificate
Account for payment hereunder and that the Trustee in its individual capacity is
not personally liable to the Certificateholders for any amount payable under
this Certificate or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions therein provided,
certain losses on the Mortgage Loans resulting from defaults by Mortgagors will
be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the Holders of the
other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement and reference
is made to the Agreement for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced hereby, and the rights, duties and
immunities of the Trustee.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Agreement at any time
by the Company and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined in the
Agreement. Any such consent by the Holder of this Certificate shall be
conclusive and binding on such Holder and upon all future Holders of this
Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class
B5 Certificate which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of 1974, as amended
("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of
1986, as amended ("Section 4975") (a "Plan") or a Person that is using the
assets of a Plan to acquire such Certificate or (y) is an insurance company
investing assets of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed.
Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's
acquisition and holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" and subject to the prohibited transaction provisions
of ERISA or Section 4975 and will not subject the Trustee or the Company to any
obligation in addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and holding of a Class
M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under ERISA or Section
4975.
No transfer of any Class R Certificate shall be made to any Person unless
the Trustee has received a certificate from such transferee to the effect that,
among other things, such transferee (x) is not an employee benefit plan subject
to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any
such Class R Certificate or (y) is an insurance company investing assets of its
general account and the Exemption applies to such transferee's acquisition and
holding of any such Class R Certificate.
As provided in the Agreement, and subject to certain limitations therein
set forth, the transfer of this Certificate is registerable in the Certificate
Register of the Trustee upon surrender of this Certificate for registration of
transfer at the office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the City of New York,
accompanied by a written instrument of transfer in form satisfactory to the
Company, the Trustee, and the Certificate Registrar duly executed by the Holder
hereof or such Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest will be issued to the
designated transferee or transferees.
The Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, Certificates are
exchangeable for new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by the Holder
surrendering the same.
No service charge will be made for any such registration of transfer or
exchange, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any agent of the Trustee or
the Certificate Registrar may treat the Person in whose name this Certificate is
registered as the owner hereof for all purposes, and neither the Trustee, the
Certificate Registrar nor any such agent shall be affected by any notice to the
contrary.
The obligations and responsibilities created by the Agreement, and the
Trust Fund created thereby shall terminate upon payment to the
Certificateholders, or provision therefor, in accordance with the Agreement
following the earlier of (a) the repurchase by the Company of all Mortgage Loans
and all property acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of
each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus
accrued and unpaid interest thereon at the rate provided for in the Agreement
(less any amounts representing previously unreimbursed Monthly Advances) and (y)
the appraised value of any property acquired in respect of a Mortgage Loan
determined as provided in the Agreement, and (b) the later of the final payment
or other liquidation (or any Monthly Advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage
Loan. The right of the Company to repurchase all the Mortgage Loans and property
in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance
at the time of repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise of such right
will result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the Trustee, by manual
signature, this Certificate shall not be entitled to any benefit under the
Agreement or be valid for any purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s)
and transfer(s) unto
Please insert social security
or other identifying number of assignee
_____________________________________________________________
_____________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_____________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to issue a
new Certificate of like Class and Percentage Interest, to the
above named assignee and deliver such Certificate to the
following address:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Dated:___________________
_____________________________________
Signature by or on behalf of assignor
_________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
In connection with any transfer of this Certificate, the
undersigned registered holder hereof confirms that without utilizing any general
solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by
the undersigned to a person whom the
undersigned reasonably believes is a
"qualified institutional buyer" (as defined
in Rule 144A under the Securities Act of
1933, as amended) pursuant to the exemption
from registration under the Securities Act
of 1933, as amended, provided by Rule 144A
thereunder.
|_| (b) This Certificate is being transferred by
the undersigned to an institutional
"accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D
under the Securities Act of 1933, as
amended) and that the undersigned has been
advised by the prospective purchaser that it
intends to hold this Certificate for
investment and not for distribution or
resale.
Dated
- ------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not be obligated to
register this Certificate in the name of any person other than the registered
holder thereof unless and until the conditions to any such transfer of
registration set forth herein, and in the Pooling and Servicing Agreement have
been satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is a "qualified
institutional buyer" (as defined in Rule 144A under the Securities Act of 1933,
as amended) and acknowledges that it has received such information as the
undersigned has requested pursuant to Rule 144A or has determined not to request
such information and that it is aware that the registered holder is relying upon
the undersigned's foregoing representations in order to claim the exemption from
registration provided by Rule 144A, and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income Security Act of
1974, as amended, or a plan subject to Section 4975 of the Internal Revenue Code
of 1986, as amended, and is not using the assets of any such employee benefit or
other plan to acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed. Reg. 35925
(July 12, 1995), apply to the acquisition and holding by the undersigned of this
Certificate.
Dated
- -------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is an institutional
"accredited investor" (as defined in Rule 501(a)(1), (2), (3) or (7) of
Regulation D under the Securities Act of 1933, as amended), and (ii) the
undersigned (x) is not an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not using the
assets of any such employee benefit or other plan to acquire this Certificate or
(y) is an insurance company investing assets of its general account and the
exemptions provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- -------------------------
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF
THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES ("BLUE SKY LAWS"), AND SUCH CERTIFICATE MAY NOT BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM
THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION
PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (C) TO AN
INSTITUTIONAL ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A TRANSACTION EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
ANY APPLICABLE BLUE SKY LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY
OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE
AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT
PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE
ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET
FORTH HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B4 Certificate
Principal Balance:
Class B4 $1,000,200.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RM93
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
B4 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of each month or,
if such 25th day is not a Business Day, the Business Day immediately following
(the "Distribution Date"), commencing in April 1999, 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
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF
THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES ("BLUE SKY LAWS"), AND SUCH CERTIFICATE MAY NOT BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM
THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION
PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (C) TO AN
INSTITUTIONAL ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A TRANSACTION EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
ANY APPLICABLE BLUE SKY LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY
OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE
AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR
THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE
AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT
PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE
ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET
FORTH HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-3
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B5 Certificate
Principal Balance:
Class B5 $1,251,200.14
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
March 1, 1999
First Distribution Date: CUSIP: 36157RN27
April 26, 1999
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the initial Certificate Principal Balance of this
Certificate by the aggregate initial Certificate Principal Balance of all Class
B5 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and
serviced by GE Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the "Company"). The Trust
Fund was created pursuant to a Pooling and Servicing Agreement dated as of March
1, 1999 (the "Agreement"), between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the pertinent
provisions of which is set forth herein below. To the extent not defined herein,
the terms used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the Business Day
immediately following (the "Distribution Date"), commencing in April 1999, 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
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
None
<PAGE>
EXHIBIT C - SUPPLEMENT
SCHEDULE OF COOPERATIVE LOANS
SERIES 1999-03
LOAN NO. CUT-OFF DATE PRINCIPLE BALANCE BORROWER NAME
31949084 $263,404.37 CONOVER
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan number, address of the
Mortgaged Property and name of the Mortgagor. The following details shall be set
forth as to each Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the Cut-off Date, (iii)
the interest rate borne by the Mortgage Note, (iv) the scheduled monthly level
payment of principal and interest, (v) the Loan-to-Value Ratio, (vi) the
maturity date of the Mortgage Note and (vii) the Servicing Fee Rate for such
Mortgage Loan. Cooperative Loans and Enhanced Streamlined Refinance program
loans shall be designated as such.]
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007688203 MORTGAGORS: KOLLAR PHYLLIS
REGION CODE ADDRESS : 5 CARRIAGE WAY
01 CITY : THE BOROUGH OF KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 249,335.69 OPTION TO CONVERT :
UNPAID BALANCE : 245,129.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/24
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.71867
----------------------------------------------------------------------------
0 0007695547 MORTGAGORS: WILMOT MOLLIE
REGION CODE ADDRESS : 1075 N OCEAN BLVD
01 CITY : PALM BEACH
STATE/ZIP : FL 33480
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 994,224.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,164.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 28.57100
----------------------------------------------------------------------------
0 0007706211 MORTGAGORS: GROSS ARTHUR
GROSS HELENE
REGION CODE ADDRESS : 5803 NW 25 TERRACE
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 354,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,201.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.98400
----------------------------------------------------------------------------
0 0007706229 MORTGAGORS: ISAZA FELIPE
ULLOA INES
REGION CODE ADDRESS : 4051 ENSEDADA DRIVE
01 CITY : MIAMI
STATE/ZIP : FL 33133
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,450.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.08300
----------------------------------------------------------------------------
0 0007706310 MORTGAGORS: STOFFEL JAMES
STOFFEL PAMELA
REGION CODE ADDRESS : COTTAGE 460, 36TH STREET
01 CITY : SEA ISLAND
STATE/ZIP : GA 31561
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,297.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.53100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,288,635.69
P & I AMT: 16,397.69 UPB AMT: 2,272,303.86
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007706328 MORTGAGORS: DYKES DAVID
DYKES ELIZABETH
REGION CODE ADDRESS : 502 PALM HARBOR ROAD
01 CITY : ST SIMONS ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 271,475.39 OPTION TO CONVERT :
UNPAID BALANCE : 269,616.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.61100
----------------------------------------------------------------------------
0 0007706419 MORTGAGORS: CHU SHAO
CHU MELISSA
REGION CODE ADDRESS : 118 GRAYS CREEK DRIVE
01 CITY : SAVANNAH
STATE/ZIP : GA 31410
MORTGAGE AMOUNT : 399,147.56 OPTION TO CONVERT :
UNPAID BALANCE : 396,217.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.82900
----------------------------------------------------------------------------
0 0007706542 MORTGAGORS: COMORA ELLIOT
COMORA ELLEN
REGION CODE ADDRESS : 154 DOCKSIDE CIRCLE,
01 CITY : FT. LAUDERDALE
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 484,858.45 OPTION TO CONVERT :
UNPAID BALANCE : 478,606.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,583.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/24
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.02400
----------------------------------------------------------------------------
0 0007706633 MORTGAGORS: ERHART WILLIAM
ERHART SUSAN
REGION CODE ADDRESS : 420 ARBOR CIRCLE
01 CITY : CELEBRATION
STATE/ZIP : FL 34747
MORTGAGE AMOUNT : 367,104.26 OPTION TO CONVERT :
UNPAID BALANCE : 364,336.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.97400
----------------------------------------------------------------------------
0 0007706641 MORTGAGORS: CHAPERON JOHN
CHAPERON KAREN
REGION CODE ADDRESS : 2825 NE 35TH COURT
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 337,077.20 OPTION TO CONVERT :
UNPAID BALANCE : 332,905.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.60800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,859,662.86
P & I AMT: 13,248.88 UPB AMT: 1,841,682.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007706658 MORTGAGORS: AKERS DIANA
REGION CODE ADDRESS : 784 NE 35TH STREET
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 268,189.58 OPTION TO CONVERT :
UNPAID BALANCE : 265,983.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.96200
----------------------------------------------------------------------------
0 0007706666 MORTGAGORS: WALSH THOMAS
WALSH DIAMOND
REGION CODE ADDRESS : 9690 LANDINGS DRIVE
01 CITY : PORT ST. LUCIE
STATE/ZIP : FL 34986
MORTGAGE AMOUNT : 322,471.14 OPTION TO CONVERT :
UNPAID BALANCE : 278,454.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.46000
----------------------------------------------------------------------------
0 0007706690 MORTGAGORS: ARNSBY DAVID
ARNSBY ANN
REGION CODE ADDRESS : 3701 BOCA POINTE DRIVE
01 CITY : SARASOTA
STATE/ZIP : FL 34238
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,353.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------------------
0 0007706807 MORTGAGORS: ZARZAR DAVID
ZARZAR ANGELA
REGION CODE ADDRESS : 4016 GRAYSON RIDGE COURT
01 CITY : RALEIGH
STATE/ZIP : NC 27613
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,291.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.97800
----------------------------------------------------------------------------
0 0007706831 MORTGAGORS: SANLUIS KATHERINE
SANLUIS ALAN
REGION CODE ADDRESS : 103 OAKMONT
01 CITY : SAINT SIMONS ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,954.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.85300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,600,660.72
P & I AMT: 11,442.11 UPB AMT: 1,544,038.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007706856 MORTGAGORS: YEN MING
YEN YEN
REGION CODE ADDRESS : 4008 SHADY OAK COURT
01 CITY : LAKE MARY
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 375,431.23 OPTION TO CONVERT :
UNPAID BALANCE : 369,576.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/19
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.21400
----------------------------------------------------------------------------
0 0007706872 MORTGAGORS: JOHNSON DAVID
JOHNSON APRIL
REGION CODE ADDRESS : 13806 HOLLAND PARK DRIVE
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32224
MORTGAGE AMOUNT : 241,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,113.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------------------
0 0007706898 MORTGAGORS: WYLIE F
WYLIE SANDRA
REGION CODE ADDRESS : 5359 PEMBRIDGE PLACE
01 CITY : TALLAHASSEE
STATE/ZIP : FL 32308
MORTGAGE AMOUNT : 311,200.36 OPTION TO CONVERT :
UNPAID BALANCE : 309,311.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.83900
----------------------------------------------------------------------------
0 0007707029 MORTGAGORS: FLANAGAN EDWIN
LANOCE VITA
REGION CODE ADDRESS : 1652 N.E. SEAHORSE PLACE
01 CITY : JENSEN BEACH
STATE/ZIP : FL 34957
MORTGAGE AMOUNT : 531,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,201.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,733.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.87900
----------------------------------------------------------------------------
0 0007709157 MORTGAGORS: THOMPSON WILLIE
THOMPSON MARY
REGION CODE ADDRESS : 24 BARBADOS DRIVE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,419.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,707,981.59
P & I AMT: 12,246.93 UPB AMT: 1,692,623.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007710684 MORTGAGORS: EVELENO FRANK
REGION CODE ADDRESS : 822 PONDEROSA AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 407,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,068.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------------------
0 0007724586 MORTGAGORS: CROWE HARRY
CROWE SHARON
REGION CODE ADDRESS : 5575 MURFIELD
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,645.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 28.93400
----------------------------------------------------------------------------
0 0007726441 MORTGAGORS: BLIER ALAN
BLIER MARCIA
REGION CODE ADDRESS : 352 GREAT BAY RD
01 CITY : GREENLAND
STATE/ZIP : NH 03840
MORTGAGE AMOUNT : 285,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,470.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------------------
0 0007726847 MORTGAGORS: NEILL WILLIAM
REGION CODE ADDRESS : 5005 SPRUCE BLUFF DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,764.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.08600
----------------------------------------------------------------------------
0 0007727720 MORTGAGORS: WILKENS PETER
WILKENS KATHLEEN
REGION CODE ADDRESS : 310 HIGH OAKS COURT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30005
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,250.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,514,300.00
P & I AMT: 10,409.36 UPB AMT: 1,507,199.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007732449 MORTGAGORS: REYES EFREN
REYES DELIA
REGION CODE ADDRESS : 2270 PINARD STREET
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,422.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.32696
----------------------------------------------------------------------------
0 0007766108 MORTGAGORS: KENDALL E.
KENDALL V.
REGION CODE ADDRESS : 140 BENT TRAIL DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,979.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.58600
----------------------------------------------------------------------------
0 0007766207 MORTGAGORS: HARRELL KATHY
REGION CODE ADDRESS : 200 ASHWORTH DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,027.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007766819 MORTGAGORS: FRAGNOLI DELLANIE
COLLINS VINCENT
REGION CODE ADDRESS : 18913 SE 63RD PLACE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,844.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.73700
----------------------------------------------------------------------------
0 0007767403 MORTGAGORS: METCALF WILLIAM
METCALF EVELYN
REGION CODE ADDRESS : 189 CHAIN BRIDGE ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,013.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 16.66666
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,507,700.00
P & I AMT: 10,123.28 UPB AMT: 1,501,287.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007767528 MORTGAGORS: MURPHREE WADE
REGION CODE ADDRESS : 1232 CUMBERLAND ROAD
01 CITY : ELDER MOUNTAIN
STATE/ZIP : TN 37419
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,901.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.53535
----------------------------------------------------------------------------
0 0007767817 MORTGAGORS: WOLF WILLIAM
WOLF NANCY
REGION CODE ADDRESS : 15219 EAST FAIRY DUSTER COURT
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,786.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.77600
----------------------------------------------------------------------------
0 0007769367 MORTGAGORS: LINDSTROM MARLENE
LINDSTROM PER-AXEL
REGION CODE ADDRESS : 1401 5TH AVENUE W. #407
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,696.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007769508 MORTGAGORS: NOAKES MICHAEL
NOAKES MARY
REGION CODE ADDRESS : 34 MOUNTAIN LAUREL DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,151.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,329.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.96000
----------------------------------------------------------------------------
0 0007773500 MORTGAGORS: BOWDEN JOHN
BOWDEN MELISSA
REGION CODE ADDRESS : 1825 COOK ROAD
01 CITY : OXFORD
STATE/ZIP : GA 30267
MORTGAGE AMOUNT : 417,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,726.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,742.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.77300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,596,000.00
P & I AMT: 10,689.03 UPB AMT: 1,589,261.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007773518 MORTGAGORS: HORTON DAVID
HORTON GAIL
REGION CODE ADDRESS : 205 WATERBURY CIRCLE
01 CITY : FRANKLIN
STATE/ZIP : TN 37067
MORTGAGE AMOUNT : 372,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,447.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------------------
0 0007773526 MORTGAGORS: BARLOW STEPHEN
BARLOW JANET
REGION CODE ADDRESS : 7072 NORTH HIGHFIELD DRIVE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 424,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,183.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99535
----------------------------------------------------------------------------
0 0007773534 MORTGAGORS: ALLEN MICHAEL
ALLEN MELISSA
REGION CODE ADDRESS : 4461 WATERBURY LANE
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,200.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007773633 MORTGAGORS: LESKO DIANE
REGION CODE ADDRESS : 433 TATTNALL STREET
01 CITY : SAVANNAH
STATE/ZIP : GA 31401
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,709.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.85900
----------------------------------------------------------------------------
0 0007773658 MORTGAGORS: BRAKEBILL LARRY
BRAKEBILL JEANIE
REGION CODE ADDRESS : 9112 HEMINGWAY GROVE CIRCLE
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,492.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.51200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,767,250.00
P & I AMT: 11,796.32 UPB AMT: 1,758,032.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007773690 MORTGAGORS: FOREHAND JR HARRY
FOREHAND MARILYN
REGION CODE ADDRESS : 19924 GULF BLVD
01 CITY : INDIAN SHORES
STATE/ZIP : FL 33785
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,519.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.77000
----------------------------------------------------------------------------
0 0007773708 MORTGAGORS: SOUDERS BRADLEY
SOUDERS KARI
REGION CODE ADDRESS : 57 AEGEAN AVENUE
01 CITY : TAMPA
STATE/ZIP : FL 33606
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,244.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 84.91300
----------------------------------------------------------------------------
0 0007773716 MORTGAGORS: DAG LILLIAM
REGION CODE ADDRESS : 1535 DORADO AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,512.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.08600
----------------------------------------------------------------------------
0 0007773724 MORTGAGORS: BEEBE RONALD
BEEBE DONNA
REGION CODE ADDRESS : 197 CLUB DRIVE
01 CITY : GAINESVILLE
STATE/ZIP : GA 30506
MORTGAGE AMOUNT : 366,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,715.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.39024
----------------------------------------------------------------------------
0 0007773807 MORTGAGORS: GREMS EDWARD
GREMS KELLY
REGION CODE ADDRESS : 1372 CARPERS FARM WAY
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,932.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,735,000.00
P & I AMT: 11,583.07 UPB AMT: 1,726,924.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007773849 MORTGAGORS: NG BRADFORD
BITTING KATHRYN
REGION CODE ADDRESS : 3401 NATHANIEL OAKS COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 426,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,069.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.17300
----------------------------------------------------------------------------
0 0007774011 MORTGAGORS: ASTON ROGER
ASTON SUSAN
REGION CODE ADDRESS : 6901 BENT PINE PLACE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,689.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.61700
----------------------------------------------------------------------------
0 0007774201 MORTGAGORS: FRANCISCO JOSE
REGION CODE ADDRESS : 5355 LA GORCE DRIVE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33140
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,404.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007774250 MORTGAGORS: ROGERS-SPRINKLE LINDA
REGION CODE ADDRESS : 3298 OAKMONT TERRACE
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,857.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.14200
----------------------------------------------------------------------------
0 0007775604 MORTGAGORS: CHASE KEVIN
CHASE SUZANNE
REGION CODE ADDRESS : 134 FIELDPOINT DRIVE
01 CITY : IRVINGTON
STATE/ZIP : NY 10533
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,568.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 68.04100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,627,000.00
P & I AMT: 10,820.84 UPB AMT: 1,597,589.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007775638 MORTGAGORS: MCMILLAN JOHN
MCMILLAN NANCY
REGION CODE ADDRESS : 25 OTTER TRAIL
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 483,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,893.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------------------
0 0007775653 MORTGAGORS: SUSSELES MAXINE
COHEN STEVEN
REGION CODE ADDRESS : 187B CATERSON TERRACE
01 CITY : HARTSDALE
STATE/ZIP : NY 10530
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,353.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 74.84200
----------------------------------------------------------------------------
0 0007775695 MORTGAGORS: SWEET CHARLES
SWEET ROSE
REGION CODE ADDRESS : 638 CARRIAGE HILL LANE
01 CITY : BOCA RATON
STATE/ZIP : FL 33486
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,702.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,688.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 89.08600
----------------------------------------------------------------------------
0 0007775703 MORTGAGORS: YANEZ JOSE
LOPEZ-PORTILLO MONICA
REGION CODE ADDRESS : 11 SPRINGLAKE
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 288,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,025.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007775729 MORTGAGORS: CARRILLO JOE
CARRILLO MATTIE
REGION CODE ADDRESS : 315 KESWICK COURT
01 CITY : SUGAR LAND
STATE/ZIP : TX 77478
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,897.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.90000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.90000 PRODUCT CODE : 002
LTV : 87.20000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,784,200.00
P & I AMT: 12,069.63 UPB AMT: 1,777,872.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007775737 MORTGAGORS: LIVIA THOMAS
REGION CODE ADDRESS : 9605 PARKVIEW AVENUE
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,484.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.55000
----------------------------------------------------------------------------
0 0007775745 MORTGAGORS: DEL GROSSO SERGE
DEL GROSSO THERESA
REGION CODE ADDRESS : 41 VICTORIA ROAD
01 CITY : ARDSLEY
STATE/ZIP : NY 10502
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,847.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.05000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.05000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007775760 MORTGAGORS: CLEMENTI GAETANO
CLEMENTI LELISA
REGION CODE ADDRESS : 34 DAFFODIL DRIVE
01 CITY : EAST FARMINGDALE
STATE/ZIP : NY 11735
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,988.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.90000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.90000 PRODUCT CODE : 002
LTV : 71.94200
----------------------------------------------------------------------------
0 0007775794 MORTGAGORS: LOPPERT DAVID
BROOKS MARGARET
REGION CODE ADDRESS : 107 PEMBROKE DRIVE
01 CITY : PALM BEACH GARDENS
STATE/ZIP : FL 33418
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,387.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,822.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 79.69000
----------------------------------------------------------------------------
0 0007775851 MORTGAGORS: GRAYER MATHEW
GRAYER CORA
REGION CODE ADDRESS : 64 BOULDER RIDGE ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,959.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,718,500.00
P & I AMT: 11,540.39 UPB AMT: 1,711,666.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007775943 MORTGAGORS: KLUGE NORMAN
KLUGE ROBIN
REGION CODE ADDRESS : 3083 SHORE DRIVE
01 CITY : MERRICK
STATE/ZIP : NY 11566
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 502,365.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,387.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007775984 MORTGAGORS: WALTON JAMES
WALTON NADINE
REGION CODE ADDRESS : 949 FAIR OAKS
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,197.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 48.62000
----------------------------------------------------------------------------
0 0007775992 MORTGAGORS: JOHANSSON ANDERS
JOHANSSON SUSAN
REGION CODE ADDRESS : 123 BETSY BROWN ROAD
01 CITY : PORT CHESTER
STATE/ZIP : NY 10573
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,100.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 69.13500
----------------------------------------------------------------------------
0 0007776016 MORTGAGORS: WALSH ELIZABETH
WALSH CHRISTOPHER
REGION CODE ADDRESS : 10 REYNAL ROAD
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,822.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 79.87878
----------------------------------------------------------------------------
0 0007776198 MORTGAGORS: PAWLIK JOHN
PAWLIK ROSANNE
REGION CODE ADDRESS : 4312 HAMMERSMITH LANE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,083.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 48.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,607,600.00
P & I AMT: 10,918.14 UPB AMT: 1,601,569.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007776321 MORTGAGORS: WALKER HUGH
WALKER JUDITH
REGION CODE ADDRESS : 2346 DUNSTAN DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,069.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.90000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.90000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007776453 MORTGAGORS: CERASUOLO RON
REGION CODE ADDRESS : 690 SW 18TH STREET
01 CITY : BOCA RATON
STATE/ZIP : FL 33486
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,062.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007776545 MORTGAGORS: JAMESON ROBERT
JAMESON KAREN
REGION CODE ADDRESS : 4006 WOODBRIAR COURT
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,017.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007776560 MORTGAGORS: PEARSON JOHN
PEARSON SUE
REGION CODE ADDRESS : 16339 SOUTHEAST ECKERT LANE
01 CITY : CLACKAMAS
STATE/ZIP : OR 97015
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,163.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------------------
0 0007776818 MORTGAGORS: BABCOCK EVERETT
BABCOCK DEBRA
REGION CODE ADDRESS : 25019 NORTHEAST 184TH COURT
01 CITY : BATTLE GROUND
STATE/ZIP : WA 98604
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,634.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,417,000.00
P & I AMT: 9,579.92 UPB AMT: 1,411,947.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007776875 MORTGAGORS: MATERO RICHARD
REGION CODE ADDRESS : 49 SNOWDROP DRIVE
01 CITY : NEW CITY
STATE/ZIP : NY 10956
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,761.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007776883 MORTGAGORS: TYLER LAMONT
REGION CODE ADDRESS : 127 HILLSHIRE COURT
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 505,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,329.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,359.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.92400
----------------------------------------------------------------------------
0 0007776925 MORTGAGORS: KILEY S
REGION CODE ADDRESS : 655 VIA MEZNER, UNIT #702
01 CITY : NAPLES
STATE/ZIP : FL 34108
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,460.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------------------
0 0007776958 MORTGAGORS: ALEXANDER KENNETH
ALEXANDER KATHY
REGION CODE ADDRESS : 21042 N ANDOVER RD
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,524.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.05000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.05000 PRODUCT CODE : 002
LTV : 61.36300
----------------------------------------------------------------------------
0 0007777378 MORTGAGORS: CRAIN LAWRENCE
CRAIN ANDREA
REGION CODE ADDRESS : 1406 LINDEN AVE
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 328,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,733.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 66.42400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,890,300.00
P & I AMT: 12,737.30 UPB AMT: 1,880,810.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007777402 MORTGAGORS: TACKETT CHRISTOPHER
TACKETT JEANNE
REGION CODE ADDRESS : 3005 KING RICHARD CIR
01 CITY : ST CHARLES
STATE/ZIP : IL 60174
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,939.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 79.75600
----------------------------------------------------------------------------
0 0007777618 MORTGAGORS: PLUMMER FREDERICK
MELLE SIGRID
REGION CODE ADDRESS : 866 PLAINWOOD DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77079
MORTGAGE AMOUNT : 316,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,054.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.37647
----------------------------------------------------------------------------
0 0007778079 MORTGAGORS: SVABIC VOJISLAV
REGION CODE ADDRESS : 510 ALKIRE LAKE DRIVE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77478
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,119.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0007778111 MORTGAGORS: GONZALEZ JUAN
GONZALEZ MARIA
REGION CODE ADDRESS : 3911 SOUTHWESTERN STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,835.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------------------
0 0007778178 MORTGAGORS: DAMUS ALFRED
DAMUS LEATRICE
REGION CODE ADDRESS : 8145 SW 53 AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 620,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,068.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,146.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.05000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.05000 PRODUCT CODE : 002
LTV : 62.01000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,938,200.00
P & I AMT: 13,018.70 UPB AMT: 1,929,017.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007778376 MORTGAGORS: SULLIVAN JOHN
DELL'OLIO THERESA
REGION CODE ADDRESS : 24 SKYVIEW LANE
01 CITY : NEW ROCHELLE
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,888.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007778459 MORTGAGORS: MCCARNEY JAMES
MCCARNEY JILL
REGION CODE ADDRESS : 124 VANDERBILT ROAD
01 CITY : MANHASSET
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 542,218.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,637.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.05000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.05000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007778525 MORTGAGORS: EIBNER MARK
EIBNER ALISON
REGION CODE ADDRESS : 5388 PINYON JAY ROAD
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 375,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,533.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007778541 MORTGAGORS: GRONKE ROBERT
FOLSON WILLIE
REGION CODE ADDRESS : 20 BRADDOCK PARK UNIT#2
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,509.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.94590
----------------------------------------------------------------------------
0 0007778632 MORTGAGORS: SATURNELLI ANNE
VAN SCOY MICHAEL
REGION CODE ADDRESS : 90 BLUE RIDGE ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,047.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.97 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: 2,019,500.00
P & I AMT: 13,740.59 UPB AMT: 2,008,197.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007778657 MORTGAGORS: BARR KELLY
REGION CODE ADDRESS : 81 ARBORWAY
01 CITY : JAMAICA PLAIN
STATE/ZIP : MA 02130
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,730.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------------------
0 0007778665 MORTGAGORS: STONE LARRY
STONE JOANNE
REGION CODE ADDRESS : 35803 249TH AVENUE SE
01 CITY : ENUMCLAW
STATE/ZIP : WA 98022
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,748.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007778772 MORTGAGORS: BRYANT ARTHUR
DEMIAN DEMIAN
REGION CODE ADDRESS : 5429 47TH AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98136
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,339.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.53200
----------------------------------------------------------------------------
0 0007778798 MORTGAGORS: ALLEN THOMAS
REGION CODE ADDRESS : 4329 BASAL CREEK DR
01 CITY : FUQUAY VARINA
STATE/ZIP : NC 27526
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,203.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007778806 MORTGAGORS: EHRLICHMAN RICHARD
EHRLICHMAN NANCY
REGION CODE ADDRESS : 10 COLGATE ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,840.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 26.04100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,392,000.00
P & I AMT: 9,543.63 UPB AMT: 1,369,862.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007778814 MORTGAGORS: CHASE PAUL
CHASE DOROTHY
REGION CODE ADDRESS : 6410 286TH PLACE NORTHEAST
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,742.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------------------
0 0007778822 MORTGAGORS: DOUGHERTY BURTIS
DOUGHERTY SALLIANN
REGION CODE ADDRESS : 3 FOURTH AVENUE
01 CITY : SOUTHERN SHORES
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,906.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.63900
----------------------------------------------------------------------------
0 0007778848 MORTGAGORS: ROGERS VIVIAN
REGION CODE ADDRESS : 5837 NORTH 46TH PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,508.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007778855 MORTGAGORS: SIKORSKI RICHARD
SIKORSKI ELISABETH
REGION CODE ADDRESS : 1111 ANNA BAR DRIVE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 427,840.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,108.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,882.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007778921 MORTGAGORS: GREGORAK WILLIAM
GREGORAK CATHERINE
REGION CODE ADDRESS : 937 TENACITY DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 329,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,232.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.93310
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,597,390.00
P & I AMT: 10,635.78 UPB AMT: 1,590,498.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007778970 MORTGAGORS: DALY KEITH
DALY MAURINE
REGION CODE ADDRESS : 7 ASHTON DRIVE
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,763.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007778988 MORTGAGORS: KOVACS JOSEPH
KOVACS SHERRY
REGION CODE ADDRESS : 23 HARRIS FARM ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,666.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.60600
----------------------------------------------------------------------------
0 0007779010 MORTGAGORS: BLOOM DAVID
BLOOM DEBORAH
REGION CODE ADDRESS : 4413 WOODFIELD BOULEVARD
01 CITY : BOCA RATON
STATE/ZIP : FL 33434
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,106.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779028 MORTGAGORS: STELLE MARK
REGION CODE ADDRESS : 315 COUNTY ROAD
01 CITY : EDWARDS
STATE/ZIP : CO 81632
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,914.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779044 MORTGAGORS: PAQUET GUY
PAQUET ELIZABETH
REGION CODE ADDRESS : 41020 ROAD 38
01 CITY : DOLORES
STATE/ZIP : CO 81323
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,403.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,508,000.00
P & I AMT: 10,188.82 UPB AMT: 1,499,854.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007779051 MORTGAGORS: BELL ROBERT
REGION CODE ADDRESS : 867 WEST JONATHAN LANE
01 CITY : BAYSIDE
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,827.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779069 MORTGAGORS: LISKA DANIEL
LISTA CYNTHIA
REGION CODE ADDRESS : 5305 OCEAN DRIVE
01 CITY : EMERALD ISLE
STATE/ZIP : NC 28594
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,861.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779077 MORTGAGORS: KRULL DAVID
BENZ LYNN
REGION CODE ADDRESS : 20700 MARINE VIEW DRIVE SOUTHWEST
01 CITY : NORMANDY PARK
STATE/ZIP : WA 98166
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,917.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.90400
----------------------------------------------------------------------------
0 0007779291 MORTGAGORS: KERSSE MARTIN
KERSSE JUDITH
REGION CODE ADDRESS : 1403 FOREST GLEN CT
01 CITY : BALTIMORE
STATE/ZIP : MD 21228
MORTGAGE AMOUNT : 297,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,287.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779408 MORTGAGORS: WOOD R.
REGION CODE ADDRESS : 140 NORTH DEVEREUX COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,988.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,226.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.29600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,704,200.00
P & I AMT: 11,390.89 UPB AMT: 1,695,882.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007779416 MORTGAGORS: NELSON KEITH
NELSON JILL
REGION CODE ADDRESS : 3840 SW MARTINS LANE
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,098.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007779424 MORTGAGORS: MEDWID ROBERT
MEDWID JAYNE
REGION CODE ADDRESS : 8 STONELEIGH LANE
01 CITY : COHASSET
STATE/ZIP : MA 02025
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,664.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.81400
----------------------------------------------------------------------------
0 0007779432 MORTGAGORS: CACICH ANTHONY
CACICH KAREN
REGION CODE ADDRESS : 309 MINEAR DRIVE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,624.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779457 MORTGAGORS: ROBERTS MICHAEL
ROBERTS ARLENE
REGION CODE ADDRESS : 3350 OAK STREET
01 CITY : WHEAT RIDGE
STATE/ZIP : CO 80033
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,880.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.84200
----------------------------------------------------------------------------
0 0007779515 MORTGAGORS: GEERS THOMAS
GEERS BRENDA
REGION CODE ADDRESS : 265 BELLEVUE DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,714.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 40.95100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,663,500.00
P & I AMT: 11,194.36 UPB AMT: 1,656,982.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007779671 MORTGAGORS: TYRRELL MICHAEL
ZYATES DIANE
REGION CODE ADDRESS : 9690 FRINGE TREE ROAD
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,805.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,268.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.37000
----------------------------------------------------------------------------
0 0007779689 MORTGAGORS: KENNEDY MICHAEL
KENNEDY NEENA
REGION CODE ADDRESS : 2220 274TH COURT SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,834.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.94700
----------------------------------------------------------------------------
0 0007779697 MORTGAGORS: BACHRACH MIGUEL
BRUNS BARBARA
REGION CODE ADDRESS : 8621 CHATEAU DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 595,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,531.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,863.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.63400
----------------------------------------------------------------------------
0 0007779713 MORTGAGORS: SMITH HARRY
SMITH DEBRA
REGION CODE ADDRESS : 13001 BOSWELL COURT
01 CITY : POTAMIC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,844.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.74700
----------------------------------------------------------------------------
0 0007779721 MORTGAGORS: FARMER WAYNE
FARMER MERLE
REGION CODE ADDRESS : 7410 NORTH MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,176.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,405.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 40.38461
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,281,600.00
P & I AMT: 15,003.58 UPB AMT: 2,273,193.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007779820 MORTGAGORS: FRANK DAVID
FRANK ROSEMARIE
REGION CODE ADDRESS : 3271 MCCULLY ROAD
01 CITY : ALLISON PARK
STATE/ZIP : PA 15101
MORTGAGE AMOUNT : 649,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,576.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,655.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.88100
----------------------------------------------------------------------------
0 0007779861 MORTGAGORS: BANNISTER DAVID
BANNISTER MARY
REGION CODE ADDRESS : 20217 23RD PLACE NORTHWEST
01 CITY : SHORELINE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 258,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,324.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779945 MORTGAGORS: RUDDICK RICHARD
RUDDICK BRENDA
REGION CODE ADDRESS : 7604 SHADYWOOD ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,090.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 64.69100
----------------------------------------------------------------------------
0 0007779952 MORTGAGORS: KING DANIEL
KING MONIKA
REGION CODE ADDRESS : 772 CYPRESS DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,893.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007779960 MORTGAGORS: MARINCOVICH JAMES
MARINCOVICH CHISTINE
REGION CODE ADDRESS : 3131 E MARYLAND AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,709.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.92500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,860,900.00
P & I AMT: 12,740.20 UPB AMT: 1,854,594.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007779986 MORTGAGORS: ROBINSON ALAN
ROBINSON JULISA
REGION CODE ADDRESS : 10310 YELLOWWOOD LN
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20774
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,137.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.12200
----------------------------------------------------------------------------
0 0007779994 MORTGAGORS: BURROWS MARK
BURROWS CHRISTINE
REGION CODE ADDRESS : 2527 FOXCLIFF NORTH
01 CITY : MARTINSVILLE
STATE/ZIP : IN 46151
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,017.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.18900
----------------------------------------------------------------------------
0 0007780034 MORTGAGORS: HAUKENESS DAVID
PALEN JOAN
REGION CODE ADDRESS : 555 WILD HORSE CIRCLE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,004.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.80200
----------------------------------------------------------------------------
0 0007780059 MORTGAGORS: HERBERT WILLIAM
HERBERT KAREN
REGION CODE ADDRESS : 10112 NEDRA DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,015.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,991.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780075 MORTGAGORS: POLLAK JEFFERY
POLLAK CAMMY
REGION CODE ADDRESS : 2701 CIVITAN CLUB PLACE
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,903.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,759,800.00
P & I AMT: 11,816.99 UPB AMT: 1,754,078.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780083 MORTGAGORS: BLEIWAS HOWARD
REGION CODE ADDRESS : 22282 CHASE
01 CITY : NOVI
STATE/ZIP : MI 48375
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,017.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.89600
----------------------------------------------------------------------------
0 0007780125 MORTGAGORS: ALBERT KENNETH
ALBERT JODI
REGION CODE ADDRESS : 13611 CHERRYDALE DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,871.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------------------
0 0007780133 MORTGAGORS: SCHAEFER PAUL
SCHAEFER SUSAN
REGION CODE ADDRESS : 3818 PARKLAKE DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,602.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.43900
----------------------------------------------------------------------------
0 0007780141 MORTGAGORS: WILSON JEFFREY
WILSON MARY
REGION CODE ADDRESS : 495 COMMON STREET
01 CITY : DEDHAM
STATE/ZIP : MA 02026
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,361.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/23
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 47.00000
----------------------------------------------------------------------------
0 0007780158 MORTGAGORS: BYRNES CHARLES
BYRNES JANET
REGION CODE ADDRESS : 22430 SOUTHWYCK CT
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,165.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.77900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,598,000.00
P & I AMT: 10,694.62 UPB AMT: 1,592,017.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780166 MORTGAGORS: LAGGE KEVIN
LAGGE JUDITH
REGION CODE ADDRESS : 209 HOLLOWDALE
01 CITY : EDMOND
STATE/ZIP : OK 73003
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,465.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.10700
----------------------------------------------------------------------------
0 0007780174 MORTGAGORS: HOLT MARK
HOLT JULIE
REGION CODE ADDRESS : 2082 NAVAJO TRAIL
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,440.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.35400
----------------------------------------------------------------------------
0 0007780190 MORTGAGORS: MCUMBER DEREK
MCUMBER ARLYN
REGION CODE ADDRESS : 5809 MIDHILL STREET
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,823.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 88.97400
----------------------------------------------------------------------------
0 0007780216 MORTGAGORS: RISNER F.
RISNER MILDRED
REGION CODE ADDRESS : 9020 ETCHING OVERLOOK
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,896.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 76.75000
----------------------------------------------------------------------------
0 0007780224 MORTGAGORS: FOLEY DOROTHY
EASTWOOD ELIZABETH
REGION CODE ADDRESS : 7598 HOLLY BUSHWAY
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,141.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,704,000.00
P & I AMT: 11,166.49 UPB AMT: 1,695,768.10
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780232 MORTGAGORS: GALLI GLENN
GALLI KATHY
REGION CODE ADDRESS : 22426 MOORGATE STREET
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,068.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780257 MORTGAGORS: EIKOOS KAREN
KOCH DENISE
REGION CODE ADDRESS : 2916 5TH AVENUE
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,986.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.50000
----------------------------------------------------------------------------
0 0007780265 MORTGAGORS: IRVINE MARTIN
EVERHART DEBORAH
REGION CODE ADDRESS : 4210 38TH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,185.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780273 MORTGAGORS: HOPKINS JAMES
HOPKINS TERESA
REGION CODE ADDRESS : 13515 NICHOLS DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,931.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780281 MORTGAGORS: MCCARTIN TERRENCE
MCCARTIN MUFTIAH
REGION CODE ADDRESS : 1441 N ENGLEWOOD STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22205
MORTGAGE AMOUNT : 265,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,408.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 78.05800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,449,800.00
P & I AMT: 9,556.92 UPB AMT: 1,444,581.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780299 MORTGAGORS: TRICKEL DANIEL
TRICKEL MARCY
REGION CODE ADDRESS : 4025 MANTLE RIDGE DR
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,840.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------------------
0 0007780307 MORTGAGORS: HOLLIDAY CHAD
HOLLIDAY MICHELLE
REGION CODE ADDRESS : 4408 ARDEN FOREST DR
01 CITY : HOLLY SPRINGS
STATE/ZIP : NC 27540
MORTGAGE AMOUNT : 251,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,597.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------------------
0 0007780315 MORTGAGORS: DOUGLAS DEAN
DOUGLAS COLLEEN
REGION CODE ADDRESS : 13785 BEAM RIDGE DRIVE
01 CITY : MCCORDSVILLE
STATE/ZIP : IN 46055
MORTGAGE AMOUNT : 311,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,120.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 83.83000
----------------------------------------------------------------------------
0 0007780323 MORTGAGORS: TREFF DAVID
SHELTO AUDREY
REGION CODE ADDRESS : 189 LANGLEY ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02459
MORTGAGE AMOUNT : 335,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,443.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.02300
----------------------------------------------------------------------------
0 0007780349 MORTGAGORS: O'CONNOR JOHN
O'CONNOR JEAN
REGION CODE ADDRESS : 7 ARROWOOD LANE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,626.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,429,250.00
P & I AMT: 9,622.47 UPB AMT: 1,424,628.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780364 MORTGAGORS: CASALENA JOHN
CASALENA JANICE
REGION CODE ADDRESS : 4756 CHARLES CIRCLE NORTH
01 CITY : STRAWBERRY
STATE/ZIP : AZ 85544
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,050.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780372 MORTGAGORS: KROGER KURT
KROGER ANNE
REGION CODE ADDRESS : 736 12TH AVE E
01 CITY : SEATTLE
STATE/ZIP : WA 98102
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,936.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.96100
----------------------------------------------------------------------------
0 0007780406 MORTGAGORS: SCHMEISSER STEVE
SCHMEISSER KATHY
REGION CODE ADDRESS : 11498 EAST ASTER DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,859.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780414 MORTGAGORS: MATHESON DAVID
MATHESON TRACY
REGION CODE ADDRESS : 741 DIXIE PARKWAY
01 CITY : WINTER PARK
STATE/ZIP : FL 32789
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,006.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.83600
----------------------------------------------------------------------------
0 0007780422 MORTGAGORS: SCOTT MICHAEL
REGION CODE ADDRESS : 1531 LODGE LANE
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,558.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,473,400.00
P & I AMT: 9,829.69 UPB AMT: 1,465,412.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780430 MORTGAGORS: WALSH DAVID
WALSH CHIYA
REGION CODE ADDRESS : 1216 88TH PLACE NE
01 CITY : BELLEVUE
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,897.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------------------
0 0007780448 MORTGAGORS: RAMSAY KENNETH
RAMSAY SHARON
REGION CODE ADDRESS : 63 LINDALL ST
01 CITY : DANVERS
STATE/ZIP : MA 01923
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,027.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780455 MORTGAGORS: WEBER MARK
CROWLEY ANDREA
REGION CODE ADDRESS : 4 HAWKRIDGE ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,336.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.07900
----------------------------------------------------------------------------
0 0007780463 MORTGAGORS: DOLAN WILLIAM
DOLAN NANCY
REGION CODE ADDRESS : 227 W. LAKE STREET
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,311.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------------------
0 0007780471 MORTGAGORS: SMITH KIRSTEN
SMITH CLINTON
REGION CODE ADDRESS : 2615 279TH COURT NORTHEAST
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 299,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,459.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.86600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,654,500.00
P & I AMT: 10,937.76 UPB AMT: 1,647,033.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780489 MORTGAGORS: PERRON DENIS
PERRON MARGARET
REGION CODE ADDRESS : 37 GOLDEN EAGLE LANE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 449,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,340.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.70800
----------------------------------------------------------------------------
0 0007780497 MORTGAGORS: NEAL ROBERT
NEAL CATHERINE
REGION CODE ADDRESS : 564 TWIN OAKS
01 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 290,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,889.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.65600
----------------------------------------------------------------------------
0 0007780505 MORTGAGORS: TITUS JOHN
PATTERSON STEPHEN
REGION CODE ADDRESS : 129 HIGH STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,481.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780513 MORTGAGORS: KELTNER MARSHALL
KELTNER SHERRY
REGION CODE ADDRESS : 12275 RIDGESIDE ROAD
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46256
MORTGAGE AMOUNT : 394,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,195.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.15400
----------------------------------------------------------------------------
0 0007780521 MORTGAGORS: MCAVEENEY JOHN
MCAVEENEY ANN
REGION CODE ADDRESS : 230 WEST ONWENTSIA ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,474.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.69300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,032,400.00
P & I AMT: 13,322.83 UPB AMT: 2,025,381.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780539 MORTGAGORS: SETTLE DARYL
SETTLE JANICE
REGION CODE ADDRESS : 4114 FAITH CT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22311
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,149.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.19000
----------------------------------------------------------------------------
0 0007780554 MORTGAGORS: LINSALATA MARK
LINSALATA KIMBERLY
REGION CODE ADDRESS : 5302 EAST YUCCA STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,894.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------------------
0 0007780562 MORTGAGORS: SCHLAGHECK DAVID
SCHLAGHECK DARLENE
REGION CODE ADDRESS : 6337 MIAMI COURT
01 CITY : LOVELAND
STATE/ZIP : OH 45140
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,074.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.53846
----------------------------------------------------------------------------
0 0007780570 MORTGAGORS: DANIELS SHEILA
REGION CODE ADDRESS : 110 LARKSPUR
01 CITY : KETCHUM
STATE/ZIP : ID 83340
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,046.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.82900
----------------------------------------------------------------------------
0 0007780588 MORTGAGORS: AGIUS JOSEPH
REGION CODE ADDRESS : 111 BRENTWOOD DRIVE
01 CITY : DEARBORN
STATE/ZIP : MI 48124
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,086.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.45600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,350,000.00
P & I AMT: 8,953.20 UPB AMT: 1,345,251.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780596 MORTGAGORS: GORDON STEPHEN
GORDON MARGARET
REGION CODE ADDRESS : 4 STEWART STREET
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,975.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.60100
----------------------------------------------------------------------------
0 0007780604 MORTGAGORS: ZIPSER MARTIN
ZIPSER KATHLEEN
REGION CODE ADDRESS : 540 TUCKEY LANE EAST
01 CITY : PHOENIX
STATE/ZIP : AZ 85012
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,149.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.50800
----------------------------------------------------------------------------
0 0007780612 MORTGAGORS: RUTIGLIANO CARLO
RUTIGLIANO KAREN
REGION CODE ADDRESS : 713 GOLFPOINT DRIVE
01 CITY : WINTER SPRINGS
STATE/ZIP : FL 32708
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,044.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.19500
----------------------------------------------------------------------------
0 0007780620 MORTGAGORS: WELNICK MICHAEL
WELNICK JEANNE
REGION CODE ADDRESS : 9661 EAST LAUREL LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,941.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 51.61200
----------------------------------------------------------------------------
0 0007780638 MORTGAGORS: NORRIS ROGER
NORRIS ANGELA
REGION CODE ADDRESS : 2240 BIG BEAR CIRCLE
01 CITY : SEDALIA
STATE/ZIP : CO 80135
MORTGAGE AMOUNT : 487,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,389.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,240.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.92300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,643,000.00
P & I AMT: 10,865.63 UPB AMT: 1,637,500.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780646 MORTGAGORS: KEHE ERIC
KEHE TAMMY
REGION CODE ADDRESS : 3274 BEECH COURT
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,071.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 69.60000
----------------------------------------------------------------------------
0 0007780661 MORTGAGORS: WEIL ROBBIN
REGION CODE ADDRESS : 2345 43RD AVE E
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,976.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.27700
----------------------------------------------------------------------------
0 0007780679 MORTGAGORS: KUIVINEN NED
KUIVINEN DEBORAH
REGION CODE ADDRESS : 4757 EAST VALLEY VISTA LANE
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 506,278.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,337.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.10500
----------------------------------------------------------------------------
0 0007780687 MORTGAGORS: KNAPP CALVIN
MALONE BETH
REGION CODE ADDRESS : 12949 HOLMES POINT DRIVE NE
01 CITY : KIRKLAND
STATE/ZIP : WA 98034
MORTGAGE AMOUNT : 549,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,966.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,515.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 52.28500
----------------------------------------------------------------------------
0 0007780695 MORTGAGORS: RECKART TIMOTHY
RECKART JANE
REGION CODE ADDRESS : 410 SAHUARA STREET NORTH
01 CITY : TUCSON
STATE/ZIP : AZ 85711
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,682.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,062,500.00
P & I AMT: 13,503.58 UPB AMT: 2,046,974.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780703 MORTGAGORS: DAVIS WILLIS
REGION CODE ADDRESS : 511 PINCHOT DRIVE
01 CITY : ASHEVILLE
STATE/ZIP : NC 28803
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,919.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.94800
----------------------------------------------------------------------------
0 0007780737 MORTGAGORS: JOHNSON EDMUND
JOHNSON MARGARET
REGION CODE ADDRESS : 4475 NASSAU PLACE
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,662.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------------------
0 0007780745 MORTGAGORS: HOROWITZ JOHN
HOROWITZ DEBORAH
REGION CODE ADDRESS : 917 RIDGECREST ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32806
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,951.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,616.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007780760 MORTGAGORS: RESNICK DANIEL
RESNICK ELLEN
REGION CODE ADDRESS : 2745 QUAIL LANE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,875.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.54900
----------------------------------------------------------------------------
0 0007780778 MORTGAGORS: CALKIN MARK
CALKIN MELISSA
REGION CODE ADDRESS : 1672 SILVERCREEK LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 531,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,084.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,400.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 76.12900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,830,550.00
P & I AMT: 11,813.76 UPB AMT: 1,822,493.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007780786 MORTGAGORS: SHEERAN GORDON
REGION CODE ADDRESS : 5200 RIVER WEST DR.
01 CITY : LEWISVILLE
STATE/ZIP : NC 27023
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,254.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,246.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.38300
----------------------------------------------------------------------------
0 0007780794 MORTGAGORS: NORMAN THOMAS
NORMAN JOANN
REGION CODE ADDRESS : 1358 UNDERPASS ROAD
01 CITY : ADVANCE
STATE/ZIP : NC 27006
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,244.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.02200
----------------------------------------------------------------------------
0 0007780802 MORTGAGORS: O'DOWD MELVYN
O'DOWD DELPHINE
REGION CODE ADDRESS : 5565 MURFIELD
01 CITY : ROCHESTER
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 554,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,504.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,687.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.43000
----------------------------------------------------------------------------
0 0007780810 MORTGAGORS: KISLING DONALD
KISLING CONNIE
REGION CODE ADDRESS : 5002 CENTURY OAKS COURT
01 CITY : GREENSBORO
STATE/ZIP : NC 27455
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,559.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007780844 MORTGAGORS: BELL LARRY
BELL SANDRA
REGION CODE ADDRESS : 375 IVY CIRCLE
01 CITY : ADVANCE
STATE/ZIP : NC 27006
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,040.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.97900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,874,800.00
P & I AMT: 12,585.32 UPB AMT: 1,866,603.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788029 MORTGAGORS: CHIAPPARI MICHAEL
CHIAPPARI KATHLEEN
REGION CODE ADDRESS : 721 SHILOH CANYON
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 578,634.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,956.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 34.11700
----------------------------------------------------------------------------
0 0007788037 MORTGAGORS: GORE KENNETH
GORE CHRISTINE
REGION CODE ADDRESS : 126 CAMINO DELAS COLINAS
01 CITY : TORRANCE
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 415,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,533.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788045 MORTGAGORS: BUNCH KARL
BUNCH INGRID
REGION CODE ADDRESS : 9384 SUVA STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,982.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------------------
0 0007788060 MORTGAGORS: HANSON JOHN
HANSON GLORIA
REGION CODE ADDRESS : 2216 PYRAMID STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,562.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788078 MORTGAGORS: CARNATHAN CRAIG
CARNATHAN LUISA
REGION CODE ADDRESS : 603 OLD VINE COURT
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,536.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.77000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,442,800.00
P & I AMT: 16,641.00 UPB AMT: 2,437,249.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788094 MORTGAGORS: WILLIAMS GARTH
WILLIAMS MARILYN
REGION CODE ADDRESS : 1 SNOWBERRY COURT
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,582.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.96800
----------------------------------------------------------------------------
0 0007788102 MORTGAGORS: ATWAL SUKHDEV
ATWAL SUKHJINDER
REGION CODE ADDRESS : 920 IVY GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 352,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,184.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------------------
0 0007788110 MORTGAGORS: BASS JAY
BASS CHRISTIEN
REGION CODE ADDRESS : 1685 TULANE DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.09700
----------------------------------------------------------------------------
0 0007788128 MORTGAGORS: RUDEE STEPHEN
RUDEE MARILYN
REGION CODE ADDRESS : 390 SUNFISH COURT
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,334.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,105.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.41800
----------------------------------------------------------------------------
0 0007788136 MORTGAGORS: BENSON ERIC
BENSON LORIN
REGION CODE ADDRESS : 1305 DARWIN AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 257,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,185.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,475,100.00
P & I AMT: 10,150.55 UPB AMT: 1,472,829.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788144 MORTGAGORS: JORDAN KAREL
REGION CODE ADDRESS : 1053 ECHO DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,506.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 35.71400
----------------------------------------------------------------------------
0 0007788151 MORTGAGORS: LIVINGSTON MARTIN
LIVINGSTON KIMBERLY
REGION CODE ADDRESS : 1918 CHARDONNAY COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,438.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.95100
----------------------------------------------------------------------------
0 0007788169 MORTGAGORS: NGUYEN TUE
VU LE
REGION CODE ADDRESS : 5953 FIDDLETOWN PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,224.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788177 MORTGAGORS: ESPIRITU NANDY
ESPIRITU FLORA
REGION CODE ADDRESS : 3101 CUNNINGHAM LAKE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 329,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,407.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 87.99800
----------------------------------------------------------------------------
0 0007788201 MORTGAGORS: BESCH STEPHEN
BESCH SUSAN
REGION CODE ADDRESS : 22040 JODI PLACE
01 CITY : SAUGUS (AREA)
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,619.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,682,950.00
P & I AMT: 11,228.67 UPB AMT: 1,680,197.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788219 MORTGAGORS: BLAIR LYNNE
REGION CODE ADDRESS : 2123 MALCOLM AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,605.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 44.21000
----------------------------------------------------------------------------
0 0007788227 MORTGAGORS: JENSEN MICHAEL
JENSEN TERI
REGION CODE ADDRESS : 440 LANTERN CREST DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,371.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788250 MORTGAGORS: LE VINH
LE TAMMY
REGION CODE ADDRESS : 757 SAINT TIMOTHY PLACE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,542.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.76800
----------------------------------------------------------------------------
0 0007788474 MORTGAGORS: PATEL RAJIV
PATEL RUPAL
REGION CODE ADDRESS : 43952 SOUTH MORAY STREET
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,369.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,456.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.32600
----------------------------------------------------------------------------
0 0007788532 MORTGAGORS: GILE CHRISTOPHER
GILE ALLISON
REGION CODE ADDRESS : 3413 MOCKINGBIRD LANE
01 CITY : HIGHLAND PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,304.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,613,000.00
P & I AMT: 10,903.89 UPB AMT: 1,610,194.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788565 MORTGAGORS: BOSSE MARK
BOSSE NANCY
REGION CODE ADDRESS : 307 FERDINAND AVENUE
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,577.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.89473
----------------------------------------------------------------------------
0 0007788573 MORTGAGORS: MARCHER ALAN
MARCHER JULIE
REGION CODE ADDRESS : 2331 TERRAZA GUITARA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,552.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.43800
----------------------------------------------------------------------------
0 0007788615 MORTGAGORS: BRACKETT JOHN
BRACKETT KRISTEN
REGION CODE ADDRESS : 15785 EL GATO LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,568.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007788623 MORTGAGORS: OSBORNE NICHOLAS
NGUYEN-OSBORNE ANH HONG
REGION CODE ADDRESS : 11872 HILLTOP DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,528.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,958.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 47.60000
----------------------------------------------------------------------------
0 0007788631 MORTGAGORS: ADERHOLD DAVID
ADERHOLD NANCY
REGION CODE ADDRESS : 2193 BENTLEY RIDGE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,850.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,168,500.00
P & I AMT: 14,490.09 UPB AMT: 2,163,076.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788649 MORTGAGORS: SHIH HUNGWEN
YEH AI-CHENG
REGION CODE ADDRESS : 41067 PEMENTEL COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 524,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 522,266.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,486.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.39300
----------------------------------------------------------------------------
0 0007788680 MORTGAGORS: KLASSEN STEVEN
KLASSEN KIMBERLY
REGION CODE ADDRESS : 71 ASPEN SPRINGS RANCH
01 CITY : CROWLEY LAKE
STATE/ZIP : CA 93546
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 : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.33300
----------------------------------------------------------------------------
0 0007788698 MORTGAGORS: ROGERS ROBIN
ROGERS LA VERGNE
REGION CODE ADDRESS : 4312 NORTH WISHON AVENUE
01 CITY : FRESNO
STATE/ZIP : CA 93704
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,408.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.68100
----------------------------------------------------------------------------
0 0007788706 MORTGAGORS: EATON LYNN
REGION CODE ADDRESS : 23304 POMPANO STREET
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 489,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,714.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,297.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.92800
----------------------------------------------------------------------------
0 0007788722 MORTGAGORS: WANG CHUNG-YI
HORNG CHIA-CHING
REGION CODE ADDRESS : 8539 MAHOGANY PLACE
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,099.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,815,000.00
P & I AMT: 12,228.43 UPB AMT: 1,810,780.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788748 MORTGAGORS: ORTIZ JEFF
ORTIZ LARRA
REGION CODE ADDRESS : 133 GOODFELLOW DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,351.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788755 MORTGAGORS: MCKINZIE ERIC
MCKINZIE MONIQUE
REGION CODE ADDRESS : 6240 ALTAMAR CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 258,683.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,247.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0007788763 MORTGAGORS: SETO JOHN
SETO TERRI
REGION CODE ADDRESS : 1255 SILVERWOOD COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.19500
----------------------------------------------------------------------------
0 0007788771 MORTGAGORS: MARKEVITCH JAMES
REGION CODE ADDRESS : 231 EMERSON STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 566,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,613.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,864.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.21200
----------------------------------------------------------------------------
0 0007788789 MORTGAGORS: TOCHIHARA JANE
REGION CODE ADDRESS : 4586 EVEREST CIRCLE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,856.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,735,433.00
P & I AMT: 11,760.93 UPB AMT: 1,732,680.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788797 MORTGAGORS: CARA ANTHONY
CARA ELECTRICE
REGION CODE ADDRESS : 4778 LAGO VISTA CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788805 MORTGAGORS: MARTINEZ ALLEN
BACH THUY-PHUONG
REGION CODE ADDRESS : 224 GOLDEN HIND PASSAGE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788813 MORTGAGORS: LOVING JERRY
LOVING SHEILA
REGION CODE ADDRESS : 323 SHADY GLEN ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,502.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 42.66600
----------------------------------------------------------------------------
0 0007788821 MORTGAGORS: JANOS LEO
JANOS BONNIE
REGION CODE ADDRESS : 2571 CORDELIA ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 287,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,315.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 30.64962
----------------------------------------------------------------------------
0 0007788839 MORTGAGORS: SEARCH RANDY
SEARCH BEVERLY
REGION CODE ADDRESS : 393 WAGON WHEEL ROAD
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,356.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,407,800.00
P & I AMT: 9,460.14 UPB AMT: 1,405,310.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788847 MORTGAGORS: KOSMAC TERESA
WIECZOREK JOHN
REGION CODE ADDRESS : 3690 BROOKWOOD DRIVE
01 CITY : BAYSIDE
STATE/ZIP : CA 95524
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,539.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007788854 MORTGAGORS: QUINTO RAYMOND
IRION QUINTO TERRY
REGION CODE ADDRESS : 867 FOXRIDGE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,533.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.40400
----------------------------------------------------------------------------
0 0007788862 MORTGAGORS: MENARD EDWARD
BARTELS LORI
REGION CODE ADDRESS : 2230 DUVALL COURT
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 364,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,421.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------------------
0 0007788870 MORTGAGORS: BRAILE MARGARET
BRAILE WILLIAM
REGION CODE ADDRESS : 369 BRIDGECREEK WAY
01 CITY : HAYWARD
STATE/ZIP : CA 94544
MORTGAGE AMOUNT : 296,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,563.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------------------
0 0007788888 MORTGAGORS: BOARDMAN GAYL
REGION CODE ADDRESS : 1190 GLENBLAIR WAY
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,498,100.00
P & I AMT: 10,022.36 UPB AMT: 1,495,660.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007788896 MORTGAGORS: OLSON JAMES
OLSON ROSALIE
REGION CODE ADDRESS : 18102 CAROLYN CIRCLE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,575.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.45200
----------------------------------------------------------------------------
0 0007789175 MORTGAGORS: BILODEAU WILLIAM
BILODEAU LYNNE
REGION CODE ADDRESS : 4 KENDALL WAY
01 CITY : NASHUA
STATE/ZIP : NH 03054
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,595.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007789183 MORTGAGORS: OAKES THOMAS
OAKES LAURA
REGION CODE ADDRESS : 9541 NORMANDY WAY
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,432.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.87800
----------------------------------------------------------------------------
0 0007789191 MORTGAGORS: PAPAZIAN RONALD
PAPAZIAN MAXINE
REGION CODE ADDRESS : 15016 LODOSA DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,506.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007789209 MORTGAGORS: CATER DALE
CATER MIA
REGION CODE ADDRESS : 4879 KINGWOOD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,552.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.29700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,461,000.00
P & I AMT: 9,860.09 UPB AMT: 1,458,663.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789217 MORTGAGORS: BURGE R. GLYNGUARD
BURGE TERRI
REGION CODE ADDRESS : 6353 ASCOT DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,542.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.37500
----------------------------------------------------------------------------
0 0007789225 MORTGAGORS: CAMPBELL CLAYTON
CAMPBELL SALLY
REGION CODE ADDRESS : 813 BORIS COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,507.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 56.69900
----------------------------------------------------------------------------
0 0007789233 MORTGAGORS: YARNELL KEVIN
YARNELL WENDY
REGION CODE ADDRESS : 1807 ALTAMONT CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 292,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,930.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0007789241 MORTGAGORS: CHAFFE GEOFFREY
CHAFFE LINDA
REGION CODE ADDRESS : 14205 SANTA LUCIA ROAD
01 CITY : ATASCADERO
STATE/ZIP : CA 93422
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,568.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789266 MORTGAGORS: VINOYA RAMONCITO
VINOYA MARIA
REGION CODE ADDRESS : 938 IVY GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,429.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,308.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.50600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,472,400.00
P & I AMT: 9,798.64 UPB AMT: 1,469,979.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789274 MORTGAGORS: CREIGHTON GREGORY
CREIGHTON KATHLEEN
REGION CODE ADDRESS : 989 CRELLIN ROAD
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,517.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789282 MORTGAGORS: LIPKIS JAMES
GROB LORI
REGION CODE ADDRESS : 18565 PASEO LADO
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,273.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,165.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789290 MORTGAGORS: MUXEN VICKI
REGION CODE ADDRESS : 3652 GREENHILLS DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------------------
0 0007789332 MORTGAGORS: BHAT ASHOK
REGION CODE ADDRESS : 35872 KILLORGLIN COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,575.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789340 MORTGAGORS: AKBAR MOHAMED
AKBAR ARIN
REGION CODE ADDRESS : 11433 BRACKEN FERN COVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,838.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,583,250.00
P & I AMT: 10,763.80 UPB AMT: 1,580,754.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789357 MORTGAGORS: KNUTSON DOUGLAS
KNUTSON SUZANNE
REGION CODE ADDRESS : 5318 SUNSET AVENUE
01 CITY : ANACORTES
STATE/ZIP : WA 98221
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,432.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007789365 MORTGAGORS: DAVIS DONALD
DAVIS LYNN
REGION CODE ADDRESS : 19404 ROCKY BAY POINT ROAD
01 CITY : GIG HARBOR
STATE/ZIP : WA 98335
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.63400
----------------------------------------------------------------------------
0 0007789373 MORTGAGORS: RUTTAN PAUL
RUTTAN DENISE
REGION CODE ADDRESS : 820 S. CEDAR POINT DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007789407 MORTGAGORS: ROMERO HORACIO
CASAS DOMITILO
REGION CODE ADDRESS : 203 TWINLAKE DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94089
MORTGAGE AMOUNT : 256,215.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.90000
----------------------------------------------------------------------------
0 0007789415 MORTGAGORS: DINH DUNG
DINH LILLIANN
REGION CODE ADDRESS : 692 WINDSOR TERRACE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,549.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.07600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,461,215.00
P & I AMT: 9,891.71 UPB AMT: 1,458,891.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789431 MORTGAGORS: MERLIC KENT
MERLIC DOROTHY
REGION CODE ADDRESS : 1301 CHERRY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.27272
----------------------------------------------------------------------------
0 0007789449 MORTGAGORS: HERNANDEZ CHARLES
HERNANDEZ LINDA
REGION CODE ADDRESS : 4608 SHAUNA COURT
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,526.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------------------
0 0007789456 MORTGAGORS: FRIEDMAN PETER
FRIEDMAN SHERI
REGION CODE ADDRESS : 13669 RONNIE WAY
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 998,473.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,906.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 57.83600
----------------------------------------------------------------------------
0 0007789472 MORTGAGORS: WYLIE ERIC
WYLIE DEIRDRE
REGION CODE ADDRESS : 632 SOUTH M STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789480 MORTGAGORS: RUTLEDGE DONNA
REGION CODE ADDRESS : 254 GREENFIELD AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 457,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,284.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,117.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.16600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,303,000.00
P & I AMT: 15,888.49 UPB AMT: 2,299,475.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789498 MORTGAGORS: BRIGGS JAMES
BRIGGS DOROTHY
REGION CODE ADDRESS : 435 KENT DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,316.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789506 MORTGAGORS: SCHOOLER CHRISTOPHER
SCHOOLER SHIRLEY
REGION CODE ADDRESS : 815 LAUREL AVEUNE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,502.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------------------
0 0007789514 MORTGAGORS: REIMANN MATTHIAS
NGUYEN NHA-NGHI
REGION CODE ADDRESS : 2207 CEYNOWA LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,426.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789522 MORTGAGORS: LAM ANTHONY
PANG LILY
REGION CODE ADDRESS : 41085 CANYON HEIGHTS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,468.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.04900
----------------------------------------------------------------------------
0 0007789555 MORTGAGORS: WUNDERLI RUSS
WUNDERLI DIA
REGION CODE ADDRESS : 8818 OLD COUNTRY ROAD
01 CITY : ROSEVILLE
STATE/ZIP : CA 95661
MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,840,600.00
P & I AMT: 12,549.68 UPB AMT: 1,837,714.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789563 MORTGAGORS: PAGLIARO ANTHONY
PAGLIARO JEANETTE
REGION CODE ADDRESS : 109 GLENWOOD DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 317,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,728.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007789571 MORTGAGORS: O'SHIELDS ARNOLD
O'SHIELDS PATRICIA
REGION CODE ADDRESS : 4920 WOODSMAN LOOP
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,485.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.29700
----------------------------------------------------------------------------
0 0007789597 MORTGAGORS: THORNTON JAMES
THORNTON SHERRY
REGION CODE ADDRESS : 1815 SILVERWINGS COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
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 : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.05400
----------------------------------------------------------------------------
0 0007789639 MORTGAGORS: CATANIA LORRAINE
PASQUALE MARY
REGION CODE ADDRESS : 607 11TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11215
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,437.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 57.19200
----------------------------------------------------------------------------
0 0007789647 MORTGAGORS: SAUNDERS BRUCE
SAUNDERS HOLLY
REGION CODE ADDRESS : 15182 S. ROSE CANYON ROAD
01 CITY : RIVERTON
STATE/ZIP : UT 84065
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,808.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.26800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,627,450.00
P & I AMT: 10,889.30 UPB AMT: 1,624,800.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789654 MORTGAGORS: DEVITA NICOLA
DEVITA GEORGEANN
REGION CODE ADDRESS : 7207 SOUTH PONDEROSA DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,627.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 81.33300
----------------------------------------------------------------------------
0 0007789662 MORTGAGORS: CARTMILL KENNETH
CARTMILL COLLEEN
REGION CODE ADDRESS : 5306 REFLECTIONS BLVD
01 CITY : LUTZ
STATE/ZIP : FL 33549
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,522.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 88.88600
----------------------------------------------------------------------------
0 0007789670 MORTGAGORS: TAKAHASHI CURTIS
TAKAHASHI LINDA
REGION CODE ADDRESS : 20351 GLASGOW DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,013.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,991.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
0 0007789688 MORTGAGORS: HANSEN GREG
HANSEN DEBBIE
REGION CODE ADDRESS : 1384 BIRCH STREET
01 CITY : MONTARA
STATE/ZIP : CA 94037
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,549.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.20000
----------------------------------------------------------------------------
0 0007789704 MORTGAGORS: CROWLEY MICHAEL
REGION CODE ADDRESS : 2410 EAGLERIDGE DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,058.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,717,600.00
P & I AMT: 11,430.61 UPB AMT: 1,714,771.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789720 MORTGAGORS: VALNICEK GEORGE
VALNICEK JITKA
REGION CODE ADDRESS : 11504 EAST MARK LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,444.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0007789738 MORTGAGORS: WOLF RICHARD
REGION CODE ADDRESS : 11805 HAWK HOLLOW
01 CITY : LAKE WORTH
STATE/ZIP : FL 33467
MORTGAGE AMOUNT : 277,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,450.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.19400
----------------------------------------------------------------------------
0 0007789746 MORTGAGORS: FERRANDO JOSEPH
FERRANDO SANDRA
REGION CODE ADDRESS : 305 SELBY LANE
01 CITY : ATHERTON
STATE/ZIP : CA 94027
MORTGAGE AMOUNT : 368,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,947.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 12.28600
----------------------------------------------------------------------------
0 0007789753 MORTGAGORS: MALSOM DAVID
MALSOM TRINA
REGION CODE ADDRESS : 11200 VALLEY OAK DRIVE
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,486.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789761 MORTGAGORS: FEENEY HEIDI
REGION CODE ADDRESS : 512 EAST MARINERS CIRCLE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,958.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,612,875.00
P & I AMT: 10,875.84 UPB AMT: 1,610,287.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789779 MORTGAGORS: BURY THOMAS
BURY RENE
REGION CODE ADDRESS : 8241 SOUTH SEABROOK LANE
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,956.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007789787 MORTGAGORS: HOLT DAVID
HOLT ANSLEY
REGION CODE ADDRESS : 1631 MAYFIELD AVENUE
01 CITY : WINTER PARK
STATE/ZIP : FL 32789
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,481.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789795 MORTGAGORS: CHONG YUN
CHONG MI
REGION CODE ADDRESS : 4832 JEWELL TERRACE
01 CITY : PALM HARBOR
STATE/ZIP : FL 34685
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,930.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007789803 MORTGAGORS: PHELPS RANDLE
PHELPS ROXANNE
REGION CODE ADDRESS : 6990 ROME BOULEVARD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89131
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,436.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.81400
----------------------------------------------------------------------------
0 0007789811 MORTGAGORS: FREIBURG SCOTT
FREIBURG KIM
REGION CODE ADDRESS : 1631 ST HELENA
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 288,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,859.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.46900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,570,300.00
P & I AMT: 10,349.11 UPB AMT: 1,567,664.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789829 MORTGAGORS: JORDAN WAYNE
JORDAN DEANNA
REGION CODE ADDRESS : 361 BRIDGECREEK WAY
01 CITY : HAYWARD
STATE/ZIP : CA 94544
MORTGAGE AMOUNT : 289,640.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,175.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0007789845 MORTGAGORS: CLAUSEN MARK
CLAUSEN DEBRA
REGION CODE ADDRESS : 17 CREEK STREET
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,473.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------------------
0 0007789852 MORTGAGORS: LAU NANCY
REGION CODE ADDRESS : 126 ARROYO DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 305,209.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,707.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0007789860 MORTGAGORS: BECKER RICHARD
BECKER GLENNA
REGION CODE ADDRESS : 1740 ALTAMONT CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 303,440.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,941.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007789878 MORTGAGORS: SOBREPENA GIL RICO
SOBREPENA MARIA CONSUELO
REGION CODE ADDRESS : 330 BROOKHAVEN COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94544
MORTGAGE AMOUNT : 295,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,125.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,513,889.00
P & I AMT: 10,121.22 UPB AMT: 1,511,423.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789886 MORTGAGORS: GORDON ARMAND
GORDON DEBORAH
REGION CODE ADDRESS : 2273 BELFORD DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 275,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,997.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.62800
----------------------------------------------------------------------------
0 0007789910 MORTGAGORS: LOWE JAMES
DECKER-LOWE PATRICIA
REGION CODE ADDRESS : 7363 MESA DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,547.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------------------
0 0007789928 MORTGAGORS: KEASAL THOMAS
REGION CODE ADDRESS : 2646 231ST PLACE S.E.
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,106.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.02564
----------------------------------------------------------------------------
0 0007789936 MORTGAGORS: ROSS ALBERT
MCCOLLUM-ROSS TERRI
REGION CODE ADDRESS : 116 CAMINO DEL SOL
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,580.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------------------
0 0007789944 MORTGAGORS: ULLRICH ROBERT
WALLACE ULLRICH MARI
REGION CODE ADDRESS : 6940 SAYRE DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 385,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,934.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,448,550.00
P & I AMT: 9,638.19 UPB AMT: 1,446,166.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007789969 MORTGAGORS: WRIGHT GRAHAM
LEMKE PAMELA
REGION CODE ADDRESS : 1123 N. BRANCIFORTE AVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790082 MORTGAGORS: ROBERTSON JOHN
ROBERTSON VELMETA
REGION CODE ADDRESS : 5930 E. TERRITORY DR.
01 CITY : TUCSON
STATE/ZIP : AZ 85750
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,437.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790090 MORTGAGORS: CALATAYUD RICHARD
CALATAYUD JOANNE
REGION CODE ADDRESS : 11406 S. BARLEY FIELD WAY
01 CITY : MARRIOTTSVILLE
STATE/ZIP : MD 21104
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,752.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
0 0007790116 MORTGAGORS: KOUMJIAN SCOTT
KOUMJIAN COURTNEY
REGION CODE ADDRESS : 62 WAKE ROBIN ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,470.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790124 MORTGAGORS: FREEDMAN NOEL
FREEDMAN VICKI
REGION CODE ADDRESS : 79 RIDGE ROCK ROAD
01 CITY : SEDONA
STATE/ZIP : AZ 86351
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,314.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.80900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,417,000.00
P & I AMT: 9,688.59 UPB AMT: 1,409,567.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790132 MORTGAGORS: MANCA JOSEPH
MANCA ERIN
REGION CODE ADDRESS : 8544 4TH AVENUE NORTHEAST
01 CITY : SEATTLE
STATE/ZIP : WA 98115
MORTGAGE AMOUNT : 279,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,042.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790140 MORTGAGORS: BLACK DAVID
BLACK SARAH
REGION CODE ADDRESS : 18375 BAYBERRY DRIVE
01 CITY : BAINBRIDGE
STATE/ZIP : OH 44023
MORTGAGE AMOUNT : 247,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,202.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.27600
----------------------------------------------------------------------------
0 0007790157 MORTGAGORS: TEIGISER JOHN
TEIGISER DIANE
REGION CODE ADDRESS : 26W462 PINEHURST DRIVE
01 CITY : WINFIELD
STATE/ZIP : IL 60190
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,153.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790165 MORTGAGORS: WHEELER R
WHEELER SHARON
REGION CODE ADDRESS : 3004 VALLEY OAK DRIVE
01 CITY : LOVELAND
STATE/ZIP : CO 80538
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,342.66 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 0007790173 MORTGAGORS: LEVINE KENNETH
LEVINE HAGAR
REGION CODE ADDRESS : 646 WEST OLD YORK ROAD
01 CITY : CARLISLE
STATE/ZIP : PA 17013
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,112.87 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 : 74.07400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,599,860.00
P & I AMT: 11,228.16 UPB AMT: 1,587,853.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790181 MORTGAGORS: CUNNINGHAM DAVID
REGION CODE ADDRESS : 4634 LAWTON LANE WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,139.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.25000
----------------------------------------------------------------------------
0 0007790199 MORTGAGORS: WARREN LLOYD
WARREN ROSEMARY
REGION CODE ADDRESS : 22215 SOUTHEAST 38TH STREET
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 612,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 607,485.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,279.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------------------
0 0007790207 MORTGAGORS: SCHEINGARTEN STUART
REGION CODE ADDRESS : 4898 FICKLE HILL ROAD
01 CITY : ARCATA
STATE/ZIP : CA 95521
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,679.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.31200
----------------------------------------------------------------------------
0 0007790215 MORTGAGORS: ALBITZ ROBERT
ALBITZ LORIE
REGION CODE ADDRESS : 294 CAYUGA ROAD
01 CITY : ORION TWP.
STATE/ZIP : MI 48362
MORTGAGE AMOUNT : 314,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,984.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.50900
----------------------------------------------------------------------------
0 0007790223 MORTGAGORS: TRACY JOHN
TRACY ASHLEY
REGION CODE ADDRESS : 5010 HICKORY HILLS DRIVE
01 CITY : WOODSTOCK
STATE/ZIP : GA 30118
MORTGAGE AMOUNT : 290,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,295.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,873,850.00
P & I AMT: 13,014.83 UPB AMT: 1,860,583.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790231 MORTGAGORS: ARCILLA NATHANIEL
ARCILLA HELEN
REGION CODE ADDRESS : 1209 ALABAMA STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,510.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007790249 MORTGAGORS: GENER JULIO
GENER ELIZABETH
REGION CODE ADDRESS : 1833 ORIOLE DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,058.00 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 : 80.00000
----------------------------------------------------------------------------
0 0007790264 MORTGAGORS: WILLIAMS SCOTT
WILLIAMS JENNIFER
REGION CODE ADDRESS : 10646 FALCON RIM POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 353,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,674.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,502.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.88600
----------------------------------------------------------------------------
0 0007790280 MORTGAGORS: ROSTAMIAN FARIBORZ
REGION CODE ADDRESS : 12607 BEDFORDSHIRE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,227.92 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
----------------------------------------------------------------------------
0 0007790298 MORTGAGORS: MOODY CHRISTOPHER
REGION CODE ADDRESS : 19 VANESSA DRIVE
01 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,460.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,593,600.00
P & I AMT: 10,954.70 UPB AMT: 1,583,931.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790306 MORTGAGORS: QUACH HOANG
DANG QUE
REGION CODE ADDRESS : 2738 SCOTTSDALE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,061.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.95800
----------------------------------------------------------------------------
0 0007790314 MORTGAGORS: SHERRILL JAMES
SHERRILL ANNIE
REGION CODE ADDRESS : 7124 BONNY BROOK COURT
01 CITY : NIWOT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,879.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790322 MORTGAGORS: YALDEZIAN JOHN
YALDEZIAN LISA
REGION CODE ADDRESS : 347 WOODLET WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 322,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,134.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------------------
0 0007790330 MORTGAGORS: BORDELEAU MICHAEL
BORDELEAU KAREN
REGION CODE ADDRESS : 225 SHADY HILLS COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 357,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,653.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,530.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.71739
----------------------------------------------------------------------------
0 0007790348 MORTGAGORS: BALBUENA JUAN
BALBUENA HORTENCIA
REGION CODE ADDRESS : 785 SANTA PAULA AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,690.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,452,000.00
P & I AMT: 10,049.54 UPB AMT: 1,443,418.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790355 MORTGAGORS: DESNOYERS JOHN
TRAN JENNIFER
REGION CODE ADDRESS : 4980-4982 CRYSTAL DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 380,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,881.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------------------
0 0007790363 MORTGAGORS: DAVID MICHAEL
DAVID JILL
REGION CODE ADDRESS : 50344 E.FELLOWS CREEK CT.
01 CITY : PLYMOUTH TWP.
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,204.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.77100
----------------------------------------------------------------------------
0 0007790371 MORTGAGORS: CHANG ERG
REGION CODE ADDRESS : 48359 CONIFER STREET
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 242,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,475.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------------------
0 0007790389 MORTGAGORS: HEYBURN PAUL
HOUGH REBECCA
REGION CODE ADDRESS : 662 KENWYN ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,576.04 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 : 89.96600
----------------------------------------------------------------------------
0 0007790397 MORTGAGORS: SHORT SAMUEL
SHORT DESYRIA
REGION CODE ADDRESS : 6407 BOB WHITE COURT
01 CITY : DUNKIRK
STATE/ZIP : MD 20754
MORTGAGE AMOUNT : 361,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,353.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.11400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,569,700.00
P & I AMT: 10,991.80 UPB AMT: 1,561,491.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790405 MORTGAGORS: GRIESMER DANIEL
REGION CODE ADDRESS : 656 SOUTH ORCHARD DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91506
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,370.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790421 MORTGAGORS: PRETZER KIRK
PRETZER SHERRY
REGION CODE ADDRESS : 6633 CHILI HILL ROAD
01 CITY : NEW CASTLE
STATE/ZIP : CA 95658
MORTGAGE AMOUNT : 319,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,107.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.06000
----------------------------------------------------------------------------
0 0007790439 MORTGAGORS: CAIRES AUGUST
CAIRES LESLIE
REGION CODE ADDRESS : 2108 JOHN DEWITT PLACE
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,040.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.44400
----------------------------------------------------------------------------
0 0007790447 MORTGAGORS: ADEL SHAUN
ADEL GINA
REGION CODE ADDRESS : 49 FESTIVO
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 316,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,526.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.68900
----------------------------------------------------------------------------
0 0007790454 MORTGAGORS: SINGLEY RAYMOND
SINGLEY ESTHER
REGION CODE ADDRESS : 8751 NIPAWIN WAY
01 CITY : ORANGEVALE
STATE/ZIP : CA 95662
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,415.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,593,800.00
P & I AMT: 11,209.80 UPB AMT: 1,585,460.10
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790462 MORTGAGORS: CAMPBELL ANTHONY
CAMPBELL DEBORAH
REGION CODE ADDRESS : 23 REBECCA LANE
01 CITY : CARMEL
STATE/ZIP : NY 10512
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,160.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------------------
0 0007790470 MORTGAGORS: KRUEGER BARBARA
REGION CODE ADDRESS : 11507 BURR OAK LANE
01 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,985.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790488 MORTGAGORS: CVETAN DONALD
CVETAN DONNA
REGION CODE ADDRESS : 2741 NORTH 40TH STREET
01 CITY : SHEBOYGAN
STATE/ZIP : WI 53081
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,239.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790496 MORTGAGORS: KRETZMER ANTHONY
KRETZMER PATRICIA
REGION CODE ADDRESS : 8 BUCKSKIN ROAD
01 CITY : BELL CANYON
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,014.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------------------
0 0007790504 MORTGAGORS: MADSEN THOMAS
MADSEN MARILENE
REGION CODE ADDRESS : 3544 BUTTERS DR
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 345,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,280.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,354.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,717,200.00
P & I AMT: 11,607.10 UPB AMT: 1,706,680.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790512 MORTGAGORS: MURHAMER ROBERT
DASTI NILOFAR
REGION CODE ADDRESS : 831 VESPUCCI LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,359.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------------------
0 0007790538 MORTGAGORS: INMAN DAVID
INMAN DEBRA
REGION CODE ADDRESS : 10565 ARBOR PARK PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,452.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.98600
----------------------------------------------------------------------------
0 0007790546 MORTGAGORS: BILLINGS ROBERT
REGION CODE ADDRESS : 27 DEREK LANE
01 CITY : WINDSOR
STATE/ZIP : CT 06095
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,417.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0007790553 MORTGAGORS: BRUNJES CHRISTOPHER
BRUNJES DIANE
REGION CODE ADDRESS : 435 RIVER STREET
01 CITY : NORWELL
STATE/ZIP : MA 02061
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,736.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,667.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.58800
----------------------------------------------------------------------------
0 0007790561 MORTGAGORS: GLASS DONALD
REGION CODE ADDRESS : 4070 BOLES CREEK DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30096
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,967.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,518,650.00
P & I AMT: 10,901.50 UPB AMT: 1,505,933.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790579 MORTGAGORS: DUPREY RONALD
DUPREY KATHLEEN
REGION CODE ADDRESS : 4914 DORAL
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,377.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790587 MORTGAGORS: DAMLE SUBHASH
DAMLE RAJASHRI
REGION CODE ADDRESS : 9102 ARDENDALE AVENUE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,409.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------------------
0 0007790595 MORTGAGORS: MOBURG MARK
MOBURG LINDA
REGION CODE ADDRESS : 8690 ISLAND DRIVE SOUTH
01 CITY : SEATTLE
STATE/ZIP : WA 98118
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,961.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,812.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 69.53100
----------------------------------------------------------------------------
0 0007790603 MORTGAGORS: HOOS THOMAS
SCHAFFER LAUREN
REGION CODE ADDRESS : 2005-2007 PINEHURST ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,378.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.49300
----------------------------------------------------------------------------
0 0007790611 MORTGAGORS: MORRIS JAMES
MORRIS JUDITH
REGION CODE ADDRESS : 16555 WILD BERRY ROAD
01 CITY : MORRISON
STATE/ZIP : CO 80465
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,153.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,603,750.00
P & I AMT: 10,833.70 UPB AMT: 1,596,281.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790629 MORTGAGORS: PEARLSTEIN MARILYN
REGION CODE ADDRESS : 7590 FENWICK PLACE
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 493,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,887.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,450.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0007790637 MORTGAGORS: HOFF PAUL
HOFF KATHERINE
REGION CODE ADDRESS : 1141 ROBIN WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 532,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,002.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,411.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790645 MORTGAGORS: AMOROSO MICHAEL
AMOROSO MARTHA
REGION CODE ADDRESS : 5851 COUNTRY VIEW DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 362,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,481.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790652 MORTGAGORS: SOUZA JACK
SOUZA JOANN
REGION CODE ADDRESS : 6487 SPRING MEADOW COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,199.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.15300
----------------------------------------------------------------------------
0 0007790660 MORTGAGORS: JOONDEPH DONALD
FAGAN ANDREA
REGION CODE ADDRESS : 23718 SOUTHEAST 24TH STREET
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 608,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 605,771.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,303.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,426,700.00
P & I AMT: 16,669.44 UPB AMT: 2,411,342.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790678 MORTGAGORS: GARCES JR ROMEO
GARCES KIRSTEN
REGION CODE ADDRESS : 3723 QUIMBY ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,248.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007790686 MORTGAGORS: JOHNSON STEVEN
REGION CODE ADDRESS : 13775 RIDGEWOOD
01 CITY : PLYMOUTH
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,810.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007790694 MORTGAGORS: YATES VICTOR
YATES LOIS
REGION CODE ADDRESS : 310 1ST STREET
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,060.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------------------
0 0007790702 MORTGAGORS: PFANNERSTILL CHARLES
PFANNERSTILL PATRICIA
REGION CODE ADDRESS : W131 N 7991 COUNTRY CLUB DR
01 CITY : MENOMONEE FALLS
STATE/ZIP : WI 53051
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,348.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.50000
----------------------------------------------------------------------------
0 0007790710 MORTGAGORS: OLGUIN ZOILA
REGION CODE ADDRESS : 18253 SEPTO STREET
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 266,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,807.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,783,100.00
P & I AMT: 12,500.49 UPB AMT: 1,774,274.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790728 MORTGAGORS: BUCKTON TODD
EICHENBERGER JEAN
REGION CODE ADDRESS : 607 NORTH PARK BOULEVARD
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,888.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.85500
----------------------------------------------------------------------------
0 0007790736 MORTGAGORS: DEISING DAVID
DEISING KARI
REGION CODE ADDRESS : 462 EMERSON ROAD
01 CITY : NEENAH
STATE/ZIP : WI 54956
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,572.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------------------
0 0007790744 MORTGAGORS: GOUGH STEVEN
GOUGH KELLY
REGION CODE ADDRESS : 6716 WHITESAIL ST.
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,300.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.74300
----------------------------------------------------------------------------
0 0007790751 MORTGAGORS: MCDONOUGH WALTER
MCDONOUGH JANET
REGION CODE ADDRESS : 21 POST DRIVE
01 CITY : HANOVER
STATE/ZIP : MA 02339
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,289.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.22000
----------------------------------------------------------------------------
0 0007790769 MORTGAGORS: HAN CHANG
REGION CODE ADDRESS : 41 ARROYO VIEW CIRCLE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 385,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,558.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,425,100.00
P & I AMT: 10,165.43 UPB AMT: 1,416,609.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790777 MORTGAGORS: CRUZ LEONARD
DEL VALLE SONIA
REGION CODE ADDRESS : 2414 29TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,250.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.58700
----------------------------------------------------------------------------
0 0007790785 MORTGAGORS: BAUGHMAN RONALD
REGION CODE ADDRESS : 25906 DANA BLUFFS WEST
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,684.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790793 MORTGAGORS: NIXON JOHN
NIXON MARY
REGION CODE ADDRESS : 3223 EAST HARTFORD ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 283,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,800.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.55200
----------------------------------------------------------------------------
0 0007790801 MORTGAGORS: THOMPSON STEPHEN
REGION CODE ADDRESS : 1483 SUTTER STREET #1002
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 252,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,497.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007790819 MORTGAGORS: STONE PETER
MASON SUSAN
REGION CODE ADDRESS : 109 SYLVAN ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,040.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,472,700.00
P & I AMT: 10,160.44 UPB AMT: 1,464,273.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790827 MORTGAGORS: LAVAYEN C
LAVAYEN CATHERINE
REGION CODE ADDRESS : 24002 LEEWARD DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,014.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------------------
0 0007790835 MORTGAGORS: BOHLENDER TIMOTHY
BOHLENDER CINDY
REGION CODE ADDRESS : 663 GRANDVIEW CIRCLE
01 CITY : TABERNASH
STATE/ZIP : CO 80478
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,877.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007790843 MORTGAGORS: STASSEL MARTIN
STASSEL KELLI
REGION CODE ADDRESS : 450 CAMBRIDGE CIRCLE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 263,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,536.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.61500
----------------------------------------------------------------------------
0 0007790850 MORTGAGORS: BONO MATTHEW
BONO ROBYN
REGION CODE ADDRESS : 7660 BOEING AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,845.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0007790868 MORTGAGORS: SUBIA RICHARD
SUBIA KATHY
REGION CODE ADDRESS : 2055 EAST CALLE MADERAS
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,377.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,486,000.00
P & I AMT: 10,493.07 UPB AMT: 1,478,651.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790876 MORTGAGORS: GO ANDREW
TON LINH
REGION CODE ADDRESS : 505 BAYVIEW PARK DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,644.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.82400
----------------------------------------------------------------------------
0 0007790884 MORTGAGORS: TIEU QUOC
DUONG LINH
REGION CODE ADDRESS : 295 WOODRUFF WAY
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,569.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007790892 MORTGAGORS: FU EMANUAL
FU JENNY
REGION CODE ADDRESS : 16302 SPRING WATER COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,151.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.22000
----------------------------------------------------------------------------
0 0007790918 MORTGAGORS: MACDONALD DOUGLAS
MACDONALD CYNTHIA
REGION CODE ADDRESS : 8019 SUNRISE PLACE
01 CITY : FREDERICK
STATE/ZIP : CO 80530
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 92.61900
----------------------------------------------------------------------------
0 0007790926 MORTGAGORS: PARKE BRIAN
PARKE SHIRLEY
REGION CODE ADDRESS : LOT 9 HIGHRIDGE ROAD
01 CITY : TOPFIELD
STATE/ZIP : MA 01983
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,954.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.93900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,511,000.00
P & I AMT: 10,289.40 UPB AMT: 1,499,157.33
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790934 MORTGAGORS: STEPHENS BRUCE
STEPHENS HOLLY
REGION CODE ADDRESS : 1332 RAMBLING ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,595.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790942 MORTGAGORS: KOLB STEVEN
KOLB LISA
REGION CODE ADDRESS : 3004 NORTH 80TH STREET
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,588.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.53200
----------------------------------------------------------------------------
0 0007790959 MORTGAGORS: MANNING JOHN
MANNING SUSAN
REGION CODE ADDRESS : 11321 HENDERSON ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 499,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,569.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,361.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.84000
----------------------------------------------------------------------------
0 0007790975 MORTGAGORS: HASSEN RICHARD
LAMONT-HASSEN MICHELLE
REGION CODE ADDRESS : 2620 7TH STREET
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,131.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007790983 MORTGAGORS: ROBINSON CHARLES
REGION CODE ADDRESS : 448 LA PALOMA ROAD
01 CITY : EL SOBRANTE
STATE/ZIP : CA 94803
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,270.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.75000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,674,800.00
P & I AMT: 11,431.15 UPB AMT: 1,666,154.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007790991 MORTGAGORS: ROBISON W
CORPUZ SOCORRO
REGION CODE ADDRESS : 453 CASTENADA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,090.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.25000
----------------------------------------------------------------------------
0 0007791007 MORTGAGORS: GANEFF PAUL
REGION CODE ADDRESS : 109 CALLE ESTORIA
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,840.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------------------
0 0007791023 MORTGAGORS: OSAKI CHARLES
OSAKI SANDRA
REGION CODE ADDRESS : 6063 TRINIDAD AVENUE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 254,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,050.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.03000
----------------------------------------------------------------------------
0 0007791031 MORTGAGORS: BULLINGTON STEPHEN
BULLINGTON LISA
REGION CODE ADDRESS : 5144 EAST CALLE DEL NORTE
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,621.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791056 MORTGAGORS: DOMINGO RENATO
DOMINGO GRACE
REGION CODE ADDRESS : 11544 SEMINOLE CIRCLE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,462.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,612,200.00
P & I AMT: 11,183.70 UPB AMT: 1,605,066.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791064 MORTGAGORS: FRANZEN DON
FRANZEN DALE
REGION CODE ADDRESS : 21162 ENTRADA ROAD
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 571,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,352.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,943.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.93400
----------------------------------------------------------------------------
0 0007791080 MORTGAGORS: CURRAN MICHAEL
CURRAN SARA
REGION CODE ADDRESS : 95 MANDALAY ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,650.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007791098 MORTGAGORS: TEGELER WILLIAM
REGION CODE ADDRESS : 17570 BURKEWOOD CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,526.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.76100
----------------------------------------------------------------------------
0 0007791106 MORTGAGORS: CALLINAN PATRICK
CALLINAN DENISE
REGION CODE ADDRESS : 14585 TYROL ROAD
01 CITY : TRUCKEE
STATE/ZIP : CA 95161
MORTGAGE AMOUNT : 277,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,136.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.34200
----------------------------------------------------------------------------
0 0007791114 MORTGAGORS: CANADY WILLIAM
CANADY DEBORA
REGION CODE ADDRESS : 1143 SIESTA KEY LANE
01 CITY : STREAMWOOD
STATE/ZIP : IL 60120
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,205.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.16200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,706,200.00
P & I AMT: 11,808.68 UPB AMT: 1,697,871.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791122 MORTGAGORS: POINDEXTER ROGER
JEMMOTT CAROL
REGION CODE ADDRESS : 37986 KITE LANE
01 CITY : LOVETTSVILLE
STATE/ZIP : VA 20180
MORTGAGE AMOUNT : 469,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,428.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,323.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.23000
----------------------------------------------------------------------------
0 0007791130 MORTGAGORS: LEE ROBERT
DICKERSON OPAL
REGION CODE ADDRESS : 4162 HILLDALE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 314,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,714.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007791148 MORTGAGORS: HUFANA YSMAEL
HUFANA SHIRLEY
REGION CODE ADDRESS : 3111 MAIN AVENUE SOUTH
01 CITY : RENTON
STATE/ZIP : WA 98055
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,116.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------------------
0 0007791155 MORTGAGORS: FASSEL RICHARD
FASSEL KATHY
REGION CODE ADDRESS : 19 ALTEZZA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,747.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.95400
----------------------------------------------------------------------------
0 0007791171 MORTGAGORS: BASSIS L
REGION CODE ADDRESS : 8960 WONDERLAND AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,689.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.53000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,621,100.00
P & I AMT: 11,340.26 UPB AMT: 1,613,695.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791189 MORTGAGORS: MILLER LOREN
STEISEL CATHERINE
REGION CODE ADDRESS : 6014-6016 EAST APPIAN WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 343,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,907.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.69800
----------------------------------------------------------------------------
0 0007791197 MORTGAGORS: SHAFFER JAMES
SHAFFER SYDNEY
REGION CODE ADDRESS : 170 GAMBEL LANE
01 CITY : SEDONA
STATE/ZIP : AZ 86336
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,768.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791205 MORTGAGORS: ORMONDE DERREL
ORMONDE DEBORAH
REGION CODE ADDRESS : 28562 EL SUR
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,782.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.76900
----------------------------------------------------------------------------
0 0007791213 MORTGAGORS: CARLILL ROLAND
CARLILL DIANNE
REGION CODE ADDRESS : 11510 227TH AVENUE SOUTHEAST
01 CITY : MONROE
STATE/ZIP : WA 98272
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,316.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791221 MORTGAGORS: HUMBER ROBERT
HUMBER C.
REGION CODE ADDRESS : 11166 MCGEE RIVER CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,966.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.72800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,523,500.00
P & I AMT: 10,561.00 UPB AMT: 1,516,740.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791239 MORTGAGORS: KASZUBSKI MARK
KASZUBSKI MAUREEN
REGION CODE ADDRESS : 49 RIDGE FIELD ROAD
01 CITY : WARWICK
STATE/ZIP : NY 10990
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,460.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.83400
----------------------------------------------------------------------------
0 0007791254 MORTGAGORS: LABSON CHARLTON
REGION CODE ADDRESS : 2062 SAN RAMON AVENUE
01 CITY : MOUNTAINVIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,230.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------------------
0 0007791262 MORTGAGORS: SANDOVAL GARY
SANDOVAL SUE
REGION CODE ADDRESS : 21871 HERENCIA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 286,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,335.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.52000
----------------------------------------------------------------------------
0 0007791270 MORTGAGORS: PFEIFER SHARON
LEMARIE FRANCK
REGION CODE ADDRESS : 15452 HIGHWAY 82
01 CITY : CARBONDALE
STATE/ZIP : CO 81623
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,333.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.46400
----------------------------------------------------------------------------
0 0007791288 MORTGAGORS: SHARMA RAJ
SHARMA REVA
REGION CODE ADDRESS : 10 NORWOOD COURT
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,813.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.85700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,520,100.00
P & I AMT: 10,744.19 UPB AMT: 1,515,173.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791296 MORTGAGORS: LYBERIS CHRIS
LYBERIS NGA
REGION CODE ADDRESS : 970 ROSE COURT
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,407.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.54800
----------------------------------------------------------------------------
0 0007791304 MORTGAGORS: ABAJIAN JOHN
ABAJIAN SHEILA
REGION CODE ADDRESS : 5433 ELLENVALE AVENUE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,276.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791312 MORTGAGORS: ALLEGA PHILIP
ALLEGA DONNA
REGION CODE ADDRESS : 8 PUERTO NUEVO
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,808.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------------------
0 0007791320 MORTGAGORS: EMMA BRIAN
EMMA WHITNY
REGION CODE ADDRESS : 888 DEL AVION LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,598.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------------------
0 0007791338 MORTGAGORS: CHINELLO ROBERT
CHINELLO JUDITH
REGION CODE ADDRESS : 9210 SHOSHONE AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 248,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,688.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.49200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,338,900.00
P & I AMT: 9,317.50 UPB AMT: 1,332,780.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791346 MORTGAGORS: SWANWICK SIMON
SWANWICK JOCELYN
REGION CODE ADDRESS : 17 CLIVE LANE
01 CITY : BERNARDS
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,617.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.66300
----------------------------------------------------------------------------
0 0007791353 MORTGAGORS: HOMEWOOD PAUL
HOMEWOOD SALLY
REGION CODE ADDRESS : 3356 TEMPE DRIVE
01 CITY : HUNTINTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,461.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791361 MORTGAGORS: BOWER KEVIN
BOWER RENEE
REGION CODE ADDRESS : 6 SUNRISE POINT COURT
01 CITY : LAKE WYLIE
STATE/ZIP : SC 29710
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,363.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 51.61200
----------------------------------------------------------------------------
0 0007791379 MORTGAGORS: SALINAS ROBERT
SALINAS DANIELE
REGION CODE ADDRESS : 4035 WICKERSHAM LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77027
MORTGAGE AMOUNT : 255,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,855.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.36300
----------------------------------------------------------------------------
0 0007791387 MORTGAGORS: PROTENIC MARC
REGION CODE ADDRESS : 22 CENTENNIAL WAY
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,544.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,907,300.00
P & I AMT: 13,444.62 UPB AMT: 1,889,842.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791403 MORTGAGORS: THROOP MELVIN
THROOP SHIRLEY
REGION CODE ADDRESS : 2762 EAST MIGRATORY DRIVE
01 CITY : BOISE
STATE/ZIP : ID 83706
MORTGAGE AMOUNT : 245,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,903.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.80300
----------------------------------------------------------------------------
0 0007791411 MORTGAGORS: NGUYEN TOAN
NGUYEN HAN
REGION CODE ADDRESS : 1141 SUMMERDALE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,370.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791429 MORTGAGORS: WARNER CHRISTI
REGION CODE ADDRESS : 5801 NORTH 44TH PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,320.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007791437 MORTGAGORS: FONSECA FERNANDO
FONSECA CONSUELO
REGION CODE ADDRESS : 1091 -1097 BISMARCK DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 314,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,977.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007791460 MORTGAGORS: WALUS MARK
WALUS KIMBERLY
REGION CODE ADDRESS : 10375 NORTH HIDDEN OAK DRIVE
01 CITY : HIGHLAND
STATE/ZIP : UT 84003
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,572.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,503,050.00
P & I AMT: 10,474.34 UPB AMT: 1,497,144.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791478 MORTGAGORS: GREGORY WILLIAM
GREGORY SUSAN
REGION CODE ADDRESS : 92 BROMFIELD STREET
01 CITY : NEWBURYPORT
STATE/ZIP : MA 01950
MORTGAGE AMOUNT : 307,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,677.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007791486 MORTGAGORS: RIVANI HENGAMEH
REGION CODE ADDRESS : 1659 CALLE ROCHELLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 326,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,133.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0007791494 MORTGAGORS: BOHN ARLIN
BOHN JUNE
REGION CODE ADDRESS : 44 TESSERA AVENUE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,872.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.07407
----------------------------------------------------------------------------
0 0007791502 MORTGAGORS: RENAUD JOHN
RENAUD MARY
REGION CODE ADDRESS : 32721 BALLENA
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,722.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.55500
----------------------------------------------------------------------------
0 0007791510 MORTGAGORS: WINET RICHARD
WINET SHARON
REGION CODE ADDRESS : 9910 GRAND VIEW DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 386,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,834.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,733.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,660,350.00
P & I AMT: 11,491.98 UPB AMT: 1,654,241.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791528 MORTGAGORS: KRAEMER PAUL
KRAEMER CYNTHIA
REGION CODE ADDRESS : 26 TWIN POND LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,203.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,471.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.97222
----------------------------------------------------------------------------
0 0007791536 MORTGAGORS: ONDRUSEK JAROSLAV
REGION CODE ADDRESS : 2598 N.W. 27TH STREET
01 CITY : BOCA RATON
STATE/ZIP : FL 33434
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,965.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98788
----------------------------------------------------------------------------
0 0007791544 MORTGAGORS: YERKES JEFFREY
YERKES CATHERINE
REGION CODE ADDRESS : 17411 BRISTLECONE LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,766.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.02900
----------------------------------------------------------------------------
0 0007791569 MORTGAGORS: WALLACE JOHN
WALLACE LORI
REGION CODE ADDRESS : 1073 W HOLLY DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,960.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.97297
----------------------------------------------------------------------------
0 0007791577 MORTGAGORS: SAUL DONALD
SAUL MARCIA
REGION CODE ADDRESS : 4454 HARBOR PLACE DRIVE
01 CITY : ST. PAUL
STATE/ZIP : MN 55126
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,270.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,549,800.00
P & I AMT: 10,957.21 UPB AMT: 1,543,166.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791585 MORTGAGORS: SCHWAB HOWARD
SCHWAB MICHAEL
REGION CODE ADDRESS : 70-E PINTO DRIVE
01 CITY : EDWARDS
STATE/ZIP : CO 81623
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,518.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.22400
----------------------------------------------------------------------------
0 0007791593 MORTGAGORS: BUCUR DANIEL
BUCUR DIANA
REGION CODE ADDRESS : 5515 FEATHER GRASS LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 317,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,077.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.65800
----------------------------------------------------------------------------
0 0007791601 MORTGAGORS: CAVIT DENNIS
CAVIT ERIN
REGION CODE ADDRESS : 1605 RED MOUNTAIN DRIVE
01 CITY : LAKE CITY
STATE/ZIP : CO 81235
MORTGAGE AMOUNT : 314,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,227.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.62000
----------------------------------------------------------------------------
0 0007791619 MORTGAGORS: MEDINA THERESA
REGION CODE ADDRESS : 5018 NEW TRIER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
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 : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.98200
----------------------------------------------------------------------------
0 0007791627 MORTGAGORS: MEEK DERON
ADAMS MEEK KRISTINA
REGION CODE ADDRESS : 7350 WOODROW DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,742.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,527,800.00
P & I AMT: 10,271.93 UPB AMT: 1,522,574.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791635 MORTGAGORS: ROSS STEVEN
REGION CODE ADDRESS : 477 CENTER STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 402,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,248.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,782.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.57600
----------------------------------------------------------------------------
0 0007791643 MORTGAGORS: BOYER ROBERT
BOYER PAULA
REGION CODE ADDRESS : 7 TURTLE BAY DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 626,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,320.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,011.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
0 0007791650 MORTGAGORS: LOPEZ JOSE
LOPEZ ANNE
REGION CODE ADDRESS : 206 COLT COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,398.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,881.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 62.06800
----------------------------------------------------------------------------
0 0007791668 MORTGAGORS: MORRIS KARLTON
MORRIS CAROLYN
REGION CODE ADDRESS : 845 PAT LANE
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 321,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,832.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0007791676 MORTGAGORS: MATHEIS CHARLES
MATHEIS JACQUELYN
REGION CODE ADDRESS : 9082 BELCARO DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 433,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,332.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,990.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.44900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,233,450.00
P & I AMT: 14,856.40 UPB AMT: 2,225,132.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791684 MORTGAGORS: GLANKLER III FRANK
GLANKLER ANGEL
REGION CODE ADDRESS : 13535 EAST CHARTER OAK DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,640.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------------------
0 0007791692 MORTGAGORS: KEPRTA DANIEL
KEPRTA DONNA
REGION CODE ADDRESS : 20081 MIDLAND LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,491.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.49570
----------------------------------------------------------------------------
0 0007791700 MORTGAGORS: HEDDEN ROBERT
HEDDEN LORRETTA
REGION CODE ADDRESS : 12485 WOODHALL WAY
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,449.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.01200
----------------------------------------------------------------------------
0 0007791718 MORTGAGORS: BECKHAM GEORGE
BECKHAM SHANNON
REGION CODE ADDRESS : 694 CAIN RD.
01 CITY : MT. PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,031.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791726 MORTGAGORS: EATON WENDELL
EATON STACY
REGION CODE ADDRESS : 1807 AMBER LANE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,020.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.93100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,416,000.00
P & I AMT: 9,646.82 UPB AMT: 1,410,633.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791734 MORTGAGORS: LUNT JOSEPH
REGION CODE ADDRESS : 345 ST. ANDREWS DRIVE
01 CITY : ST. ALBANS
STATE/ZIP : MO 63073
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,742.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,215.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 59.99000
----------------------------------------------------------------------------
0 0007791759 MORTGAGORS: DEBACKER STEVEN
DEBACKER MARY
REGION CODE ADDRESS : 121 RAMONA AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,044.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------------------
0 0007791767 MORTGAGORS: KAPOOR RAVINDER
KAPOOR KANTA
REGION CODE ADDRESS : 10813 HILLBROOKE LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,809.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.62500
----------------------------------------------------------------------------
0 0007791775 MORTGAGORS: HAMILTON THOMAS
KIRK KAREN
REGION CODE ADDRESS : 81 ALLEN AVENUE
01 CITY : WABAN
STATE/ZIP : MA 02468
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,485.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791783 MORTGAGORS: DILLARD KEVIN
DILLARD HILARY
REGION CODE ADDRESS : 5832 MAXSON DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,138.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,745,100.00
P & I AMT: 11,335.12 UPB AMT: 1,739,221.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791791 MORTGAGORS: PARTRIDGE TIMOTHY
PARTRIDGE SUSAN
REGION CODE ADDRESS : 552 EAST 13710 SOUTH
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,084.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007791809 MORTGAGORS: SOBERMAN STUART
SOBERMAN LORI
REGION CODE ADDRESS : 10804 GAINSBOROUGH ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 303,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,692.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791817 MORTGAGORS: FLIEHS JEFFREY
FLIEHS SHONDA
REGION CODE ADDRESS : 4970 SYCAMORE DRIVE
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 317,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,227.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------------------
0 0007791825 MORTGAGORS: JENNINGS STEVEN
JENNINGS CHERYL
REGION CODE ADDRESS : 5711 LORIPAT DRIVE
01 CITY : BROADVIEW HEIGHTS
STATE/ZIP : OH 43147
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,988.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.01300
----------------------------------------------------------------------------
0 0007791833 MORTGAGORS: WINTER HARRIET
LANE JOAN
REGION CODE ADDRESS : 202 CHESTNUT AVENUE #2R
01 CITY : JAMAICA PLAIN
STATE/ZIP : MA 02130
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,399.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,404,150.00
P & I AMT: 9,347.26 UPB AMT: 1,399,393.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791841 MORTGAGORS: NEIL DOUGLAS
NEIL JOANN
REGION CODE ADDRESS : 11270 ACAMA STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,567.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007791858 MORTGAGORS: CALDER DALE
CALDER JUDITH
REGION CODE ADDRESS : 179 YORK ROAD
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 357,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,437.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007791874 MORTGAGORS: MORRISON STEWART
MORRISON SANDRA
REGION CODE ADDRESS : 5 WALKER LANE
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 644,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 642,816.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,290.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.38800
----------------------------------------------------------------------------
0 0007791882 MORTGAGORS: LOPITZ PETER
BUSWELL JANICE
REGION CODE ADDRESS : 3045 8TH STREET
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,356.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791890 MORTGAGORS: YAMADA LINDA
REGION CODE ADDRESS : 514 NORTH JUANITA AVENUE #A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,226.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.71000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,927,500.00
P & I AMT: 12,857.73 UPB AMT: 1,921,405.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791908 MORTGAGORS: BALISTRERI BRIAN
BALISTRERI KELLY
REGION CODE ADDRESS : 36933 MONTECITO DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 358,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,292.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,266.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 67.02800
----------------------------------------------------------------------------
0 0007791916 MORTGAGORS: KLIS STEPHEN
REGION CODE ADDRESS : 798 ELIZABETH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,066.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791924 MORTGAGORS: VOLLMER STEVEN
VOLLMER JULIE
REGION CODE ADDRESS : 513 MARSHALL ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,308.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791932 MORTGAGORS: BELL STEVEN
WALKER-BELL WENDY
REGION CODE ADDRESS : 3021 WEST MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 545,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 530,994.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,448.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 74.73900
----------------------------------------------------------------------------
0 0007791940 MORTGAGORS: STERLING GEORGE
STERLING BELINDA
REGION CODE ADDRESS : 3667 OAKES DRIVE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,134.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,809,600.00
P & I AMT: 11,776.35 UPB AMT: 1,790,795.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007791957 MORTGAGORS: LAKHANI MURTUZA
REGION CODE ADDRESS : 2010 NICKLAUS CIRCLE
01 CITY : ROSEVILLE
STATE/ZIP : CA 95678
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,868.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007791973 MORTGAGORS: KOSHT AARON
KOSHT KAREN
REGION CODE ADDRESS : 1158 CHESTNUT LANE
01 CITY : SOUTH LYON
STATE/ZIP : MI 48178
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,212.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------------------
0 0007791981 MORTGAGORS: FOX JAMES
FOX PATSY
REGION CODE ADDRESS : 1415 HACIENDA BOULEVARD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,325.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007791999 MORTGAGORS: LONGO JOSEPH
LONGO LINDA
REGION CODE ADDRESS : 1000 NORTH SHORE DRIVE
01 CITY : WALLOON LAKE
STATE/ZIP : MI 49796
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,376.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 42.77400
----------------------------------------------------------------------------
0 0007792005 MORTGAGORS: YOUNG TIMOTHY
YOUNG NANCY
REGION CODE ADDRESS : 23355 MYSTIC
01 CITY : NOVI
STATE/ZIP : MI 48375
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,152.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.29700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,439,000.00
P & I AMT: 9,758.00 UPB AMT: 1,433,935.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792013 MORTGAGORS: FERRONE ELLEN
REGION CODE ADDRESS : 316 GLENCREST DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,069.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------------------
0 0007792021 MORTGAGORS: CHAWDRY REHAN
REGION CODE ADDRESS : 20991 SHERMAN DR
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 257,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,059.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99464
----------------------------------------------------------------------------
0 0007792039 MORTGAGORS: RUSSELL CHARLES
RUSSELL LAURA
REGION CODE ADDRESS : 1441 LARKSPUR COURT SOUTH
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,553.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 89.93399
----------------------------------------------------------------------------
0 0007792047 MORTGAGORS: HENRICI ELIZABETH
HENRICI PETER
REGION CODE ADDRESS : 59 ROWAN ROAD
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,724.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 74.94600
----------------------------------------------------------------------------
0 0007792054 MORTGAGORS: CHAU MARGARET
LEUNG FREEMAN
REGION CODE ADDRESS : 8705 BANNER RIDGE DRIVE EAST
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 266,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,168.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.01400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,405,850.00
P & I AMT: 9,190.81 UPB AMT: 1,400,575.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792062 MORTGAGORS: CART ROBERT
UHLER-CART COURTNEY
REGION CODE ADDRESS : 2960 LINDEN AVENUE
01 CITY : BERKLEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 502,162.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792070 MORTGAGORS: ARAGON S.
ARAGON TERILYNN
REGION CODE ADDRESS : 3211 BRUNELL DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 344,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,631.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792088 MORTGAGORS: WALKER JOHN
WALKER JOHANNA
REGION CODE ADDRESS : 4011 W. LAKESHORE DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,768.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792096 MORTGAGORS: NYSTUL RODERICK
FRANCIS KAREN
REGION CODE ADDRESS : 10890 TANTLINGER DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 321,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,981.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------------------
0 0007792104 MORTGAGORS: HWANG WEI-CHUN
YANG CHI-HSUAN
REGION CODE ADDRESS : 20978 SHERMAN DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 272,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,270.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,754,450.00
P & I AMT: 11,582.87 UPB AMT: 1,747,814.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792112 MORTGAGORS: PETERSON MARGO
REGION CODE ADDRESS : 1815 LYON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,032.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 56.50900
----------------------------------------------------------------------------
0 0007792120 MORTGAGORS: MARCOS MARK
MARCOS SHANNON
REGION CODE ADDRESS : 2187 CAMINO DEL VECINO
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,402.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792138 MORTGAGORS: IRVIN SCOTT
ENGLAND DEBBIE
REGION CODE ADDRESS : 24173 MENTRY DRIVE
01 CITY : NEWHALL AREA
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,101.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.63400
----------------------------------------------------------------------------
0 0007792146 MORTGAGORS: SCHMITT DAVID
SCHMITT JULIE
REGION CODE ADDRESS : 3149 HOOP PINE PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,822.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792153 MORTGAGORS: SALZMAN RONALD
HAUBNER-SALZMAN LAURA
REGION CODE ADDRESS : 1406 SOUTH ALBANY ROAD
01 CITY : TAMPA
STATE/ZIP : FL 33606
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,897.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,586,000.00
P & I AMT: 10,399.30 UPB AMT: 1,579,255.60
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792161 MORTGAGORS: SIMONE ALBERTINA
REGION CODE ADDRESS : 1110 PARKPLACE CT.
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48302
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,940.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.16 OUTSIDE CONV DATE :
LIFETIME RATE : 5.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 5.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792179 MORTGAGORS: SIVILA ULPIANO
SIVILA MARILYN
REGION CODE ADDRESS : 3423 TIMBERLAKE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,006.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.89500
----------------------------------------------------------------------------
0 0007792187 MORTGAGORS: HALL ROBERT
HALL NADINE
REGION CODE ADDRESS : 22435 ROSEBRIAR
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 478,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,339.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,100.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.36000
----------------------------------------------------------------------------
0 0007792195 MORTGAGORS: SAGAYADAN GRACE
SOUHLAL BACHIR
REGION CODE ADDRESS : 16409 EQUESTRIAN LANE
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,100.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0007792203 MORTGAGORS: EDELSON LOUIS
MOREE-EDELSON ELAINE
REGION CODE ADDRESS : 3684 BOYER CIRCLE
01 CITY : LAYFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,678.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,562.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,876,000.00
P & I AMT: 12,168.44 UPB AMT: 1,868,066.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792211 MORTGAGORS: KALIK ROBERT
KALIK MARGIE
REGION CODE ADDRESS : 9118 MCDONALD DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,583.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,745.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.64200
----------------------------------------------------------------------------
0 0007792229 MORTGAGORS: BOOTH JAMES
BOOTH KATHERINE
REGION CODE ADDRESS : 20282 BANCROFT CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,942.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.63753
----------------------------------------------------------------------------
0 0007792237 MORTGAGORS: MADY JAMES
MADY VALERIE
REGION CODE ADDRESS : 2510 AVENITA OCOTILLO
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,224.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0007792245 MORTGAGORS: SCHREINER STEPHEN
CORSON SALLY
REGION CODE ADDRESS : 1442 MUIRLANDS DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,742.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,215.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------------------
0 0007792252 MORTGAGORS: WOOD BENJAMIN
WOOD JACQUELINE
REGION CODE ADDRESS : 26991 SANDALIA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 283,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,092.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.63800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,907,850.00
P & I AMT: 12,572.60 UPB AMT: 1,900,585.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792260 MORTGAGORS: O'CONNELL CHRISTOPHER
O'CONNELL SANDRA
REGION CODE ADDRESS : 3266 CHERRY PLUM WAY
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,971.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------------------
0 0007792278 MORTGAGORS: AISHTON RICHARD
AISHTON KATHY
REGION CODE ADDRESS : 10180 FUERTE DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,050.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0007792286 MORTGAGORS: COHEN GIDON
COHEN HILARY
REGION CODE ADDRESS : 290 MARSHMAN STREET
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,176.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,405.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 40.38400
----------------------------------------------------------------------------
0 0007792294 MORTGAGORS: DAISY CHARLES
DAISY DONNA
REGION CODE ADDRESS : 262 EDGEMERE WAY EAST
01 CITY : NAPLES
STATE/ZIP : FL 34105
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,547.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.58900
----------------------------------------------------------------------------
0 0007792302 MORTGAGORS: OAKLEY BRETT
REGION CODE ADDRESS : 7747 MEYERS RD.
01 CITY : MIDDLETOWN
STATE/ZIP : OH 45042
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,030.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,751,400.00
P & I AMT: 11,866.19 UPB AMT: 1,740,777.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792310 MORTGAGORS: SUTTON WILLIAM
SUTTON MARIE-PIERRE
REGION CODE ADDRESS : 156 ROSEMONT COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,906.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
0 0007792328 MORTGAGORS: FOX WENDELL
FOX CYNTHIA
REGION CODE ADDRESS : 8925 ROTHERHAM AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 280,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,739.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------------------
0 0007792336 MORTGAGORS: SCHNEIDER AARON
KALOTKIN-SCHNEIDER MARTHA
REGION CODE ADDRESS : 87 RIDGE DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,023.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792344 MORTGAGORS: ABRAMS ROBERT
EDWARDS ERLINDA
REGION CODE ADDRESS : 14418 SENECA ROAD
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 354,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,298.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.19800
----------------------------------------------------------------------------
0 0007792369 MORTGAGORS: SOKOL MITCHELL
SOKOL KIM
REGION CODE ADDRESS : 15216 S. 18TH DR.
01 CITY : PHOENIX
STATE/ZIP : AZ 85045
MORTGAGE AMOUNT : 296,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,668.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,499,600.00
P & I AMT: 9,860.99 UPB AMT: 1,492,635.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792377 MORTGAGORS: GARCIA THEODORE
GARCIA MARIA
REGION CODE ADDRESS : 1211 UTOPIA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,181.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.58800
----------------------------------------------------------------------------
0 0007792385 MORTGAGORS: WOLDU KINFE
ZERABRUK FREHIWOT
REGION CODE ADDRESS : 206 CHERIS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,268.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0007792393 MORTGAGORS: THEISEN ROBERT
THEISEN LINDA
REGION CODE ADDRESS : 19254 SOUTHAMPTON
01 CITY : LIVONIA
STATE/ZIP : MI 48152
MORTGAGE AMOUNT : 297,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,602.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007792401 MORTGAGORS: SHETTY SANDHYA
SHETTY JAYARAMA
REGION CODE ADDRESS : 711 ST. JOSEPH DRIVE
01 CITY : OAK BROOK
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,428.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,160.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.64197
----------------------------------------------------------------------------
0 0007792419 MORTGAGORS: RIACH GRANGER
RIACH SHERRY
REGION CODE ADDRESS : 12592 OAK WAY
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,829.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.42800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,710,550.00
P & I AMT: 11,685.45 UPB AMT: 1,705,310.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792427 MORTGAGORS: SCHAUDER NANCI
SCHAUDER GREGORY
REGION CODE ADDRESS : 5762 EAST HEDGEHOG PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 281,972.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,308.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00300
----------------------------------------------------------------------------
0 0007792435 MORTGAGORS: JONES CHRISTY
REGION CODE ADDRESS : 1400 HALCYON LANE
01 CITY : WILMINGTON
STATE/ZIP : NC 28405
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,090.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.20800
----------------------------------------------------------------------------
0 0007792443 MORTGAGORS: JEWELL ROBERT
JEWELL GAIR
REGION CODE ADDRESS : 846 WELLINGTON ROAD
01 CITY : WINSTON SALEM
STATE/ZIP : NC 27104
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,361.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.95600
----------------------------------------------------------------------------
0 0007792450 MORTGAGORS: VANFLEET TIMOTHY
VLAHOU-VANFLEET KORINE
REGION CODE ADDRESS : 3317 QUAIL CHASE
01 CITY : SPRINGFIELD
STATE/ZIP : IL 62707
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,529.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.26315
----------------------------------------------------------------------------
0 0007792468 MORTGAGORS: SMITH CHRISTOPHER
SZARMACK ADRIENNE
REGION CODE ADDRESS : 1024 ERIE STREET
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,324.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.25600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,380,972.00
P & I AMT: 9,262.01 UPB AMT: 1,377,614.10
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792476 MORTGAGORS: ZIMMER DAVID
SPATZ TRACY
REGION CODE ADDRESS : 6006 MELVERN DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,182.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792484 MORTGAGORS: BETTS KIRK
BETTS CHRISTINE
REGION CODE ADDRESS : 6412 GOLDLEAF DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,565.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,678.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------------------
0 0007792492 MORTGAGORS: WASHECKA WILLIAM
WASHECKA BETTY
REGION CODE ADDRESS : 16617 HARBOUR TOWN DRIVE
01 CITY : SILVER SPRINGS
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,877.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792500 MORTGAGORS: MACK MICHELE
MACK MICHAEL
REGION CODE ADDRESS : 3972 GATWICK DRIVE
01 CITY : TROY
STATE/ZIP : MI 48083
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,083.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.27900
----------------------------------------------------------------------------
0 0007792518 MORTGAGORS: CAMPISE RAYMOND
CAMPISE LORI
REGION CODE ADDRESS : 4057 DREXEL DRIVE
01 CITY : TROY
STATE/ZIP : MI 48098
MORTGAGE AMOUNT : 342,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,394.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.11100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,730,700.00
P & I AMT: 11,265.18 UPB AMT: 1,725,103.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792526 MORTGAGORS: TYLER LARRY
TYLER RENEE
REGION CODE ADDRESS : 3821 EAST PALM CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,839.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 77.85700
----------------------------------------------------------------------------
0 0007792534 MORTGAGORS: ZEGEL THOMAS
ZEGEL JANINE
REGION CODE ADDRESS : 619 WYNDMERE AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,066.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.78600
----------------------------------------------------------------------------
0 0007792542 MORTGAGORS: PACKARD JAMES
STOKES-PACKARD CYNTHIA
REGION CODE ADDRESS : 133 3RD STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,373.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,153.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------------------
0 0007792559 MORTGAGORS: JUDGE MICHAEL
JUDGE GOLNAR
REGION CODE ADDRESS : 2812 LAUREL AVENUE
01 CITY : MANHATTEN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,078.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.18700
----------------------------------------------------------------------------
0 0007792567 MORTGAGORS: KNUDTEN CLIFFORD
KNUDTEN BARBARA
REGION CODE ADDRESS : 10242 NORTH 99TH PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,067.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 58.61200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,988,000.00
P & I AMT: 13,003.87 UPB AMT: 1,981,425.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792575 MORTGAGORS: TANAKA NOBORU
REGION CODE ADDRESS : 8 INDIANA
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 286,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,548.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.98800
----------------------------------------------------------------------------
0 0007792583 MORTGAGORS: DECKER WILLIAM
DECKER KAREN
REGION CODE ADDRESS : 60 PONDEROSA PLACE
01 CITY : WEST MILFORD
STATE/ZIP : NJ 07421
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,045.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0007792591 MORTGAGORS: EGGE ALAN
COX KATHLEEN
REGION CODE ADDRESS : 807 KILLEGRAY RIDGE
01 CITY : BALD HEAD ISLAND
STATE/ZIP : NC 28461
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,474.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
0 0007792609 MORTGAGORS: COCHRANE EDWARD
COCHRANE ANNA
REGION CODE ADDRESS : 6409 JUMET COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,383.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,600.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/18
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.16400
----------------------------------------------------------------------------
0 0007792617 MORTGAGORS: OLSEN BRIAN
OLSEN LESLIE
REGION CODE ADDRESS : 5117 ARDEN AVENUE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,831.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,878,450.00
P & I AMT: 12,641.64 UPB AMT: 1,867,282.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792625 MORTGAGORS: RUSSO PAUL
REGION CODE ADDRESS : 2 KENSINGTON STREET
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,372.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.04600
----------------------------------------------------------------------------
0 0007792633 MORTGAGORS: ORRELL-JONES DUNCAN
ORRELL-JONES MINNA
REGION CODE ADDRESS : 2412 ELM AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,590.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792641 MORTGAGORS: WELCH ROBERT
WELCH PEGGY
REGION CODE ADDRESS : 405 LINDEN AVENUE
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,539.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 63.36600
----------------------------------------------------------------------------
0 0007792658 MORTGAGORS: NYE DANIEL
KNUETTER-NYE MEAGAN
REGION CODE ADDRESS : 241 FREDERICK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,922.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,602.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 65.51700
----------------------------------------------------------------------------
0 0007792674 MORTGAGORS: NOKES MARK
NOKES JUNE
REGION CODE ADDRESS : 1132 FLEETRIDGE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 348,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,980.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,894,250.00
P & I AMT: 12,113.90 UPB AMT: 1,887,405.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792682 MORTGAGORS: TRAN CUONG
TRAN TRANG
REGION CODE ADDRESS : 2118 STATFORD DR
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,562.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792690 MORTGAGORS: WIRTH JOHN
WIRTH ANTOINETTE
REGION CODE ADDRESS : 2028 HUNTERS CREEK
01 CITY : SUPERIOR TOWNSHIP
STATE/ZIP : MI 48198
MORTGAGE AMOUNT : 426,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,123.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.49500
----------------------------------------------------------------------------
0 0007792708 MORTGAGORS: CHAN LYMAN
CHAN NORMA
REGION CODE ADDRESS : 39 CLEARFIELD DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94132
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,743.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.52400
----------------------------------------------------------------------------
0 0007792716 MORTGAGORS: DOLSON SCOTT
DOLSON LILA
REGION CODE ADDRESS : 2027 HUNTER CREEK DR
01 CITY : SUPERIOR TOWNSHIP
STATE/ZIP : MI 48198
MORTGAGE AMOUNT : 675,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 672,440.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,664.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 73.40200
----------------------------------------------------------------------------
0 0007792724 MORTGAGORS: HOGAN GERALD
HOGAN DONNA
REGION CODE ADDRESS : 6456 MADISON CT
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,114.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,535.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 60.44700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,087,800.00
P & I AMT: 13,981.16 UPB AMT: 2,079,984.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792732 MORTGAGORS: NANNEY WILLIAM
NANNEY CAROLYN
REGION CODE ADDRESS : 2517 EAST DESERT WILLOW DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,372.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------------------
0 0007792757 MORTGAGORS: BLEW ANDREW
BALTAZAR PATRICIA
REGION CODE ADDRESS : 6917 HEDGEWOOD DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 378,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,101.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.78800
----------------------------------------------------------------------------
0 0007792765 MORTGAGORS: FRIKKER PETER
FRIKKER LORRAINE
REGION CODE ADDRESS : 172 SCHOONER RIDGE ROAD
01 CITY : DUCK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,217.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 76.71200
----------------------------------------------------------------------------
0 0007792773 MORTGAGORS: WUENNEMANN RONALD
WUENNEMANN ELIZABETH
REGION CODE ADDRESS : 35 COLES ORCHARD ROAD
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,154.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------------------
0 0007792781 MORTGAGORS: WILLIFORD WILLIAM
WILLIFORD DARLA
REGION CODE ADDRESS : 17655 NORTH 52ND PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,558.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,469,700.00
P & I AMT: 9,394.73 UPB AMT: 1,463,404.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792799 MORTGAGORS: BERGER STEVEN
HUGHMANICK PAULA
REGION CODE ADDRESS : 173 HILLCREST ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 648,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,301.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,260.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.64400
----------------------------------------------------------------------------
0 0007792807 MORTGAGORS: KARASEK RANDALL
KARASEK DEANNA
REGION CODE ADDRESS : 3644 CODY COURT
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 293,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,752.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.92800
----------------------------------------------------------------------------
0 0007792815 MORTGAGORS: COUGHRAN JOHN
COUGHRAN MARCIA
REGION CODE ADDRESS : 17827 VINELAND AVENUE
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 579,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 577,682.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,856.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.73000
----------------------------------------------------------------------------
0 0007792831 MORTGAGORS: MOUSHEGIAN VAHAN
MOUSHEGIAN VIRGINIA
REGION CODE ADDRESS : 823 ELAINE COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,301.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.29400
----------------------------------------------------------------------------
0 0007792849 MORTGAGORS: BRODIE ALAN
BRODIE DONNA
REGION CODE ADDRESS : 23115 PRICE TERRACE
01 CITY : SHERWOOD
STATE/ZIP : OR 97140
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,397.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.81400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,033,800.00
P & I AMT: 13,459.45 UPB AMT: 2,027,436.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792856 MORTGAGORS: SMITH CINDY
REGION CODE ADDRESS : 2316 SOUTHEAST 112TH COURT
01 CITY : VANCOUVER
STATE/ZIP : WA 98664
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,997.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 65.47600
----------------------------------------------------------------------------
0 0007792872 MORTGAGORS: EGGE ALAN
COX KATHLEEN
REGION CODE ADDRESS : 7100 HOLYROOD DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 950,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 947,532.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,161.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.51700
----------------------------------------------------------------------------
0 0007792880 MORTGAGORS: KESSELMAN DAVID
KESSELMAN ANGELA
REGION CODE ADDRESS : 3627 WEST WAGON WHEEL WAY
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 317,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,335.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 68.36200
----------------------------------------------------------------------------
0 0007792898 MORTGAGORS: GRANT GEOFFREY
GRANT BARBARA
REGION CODE ADDRESS : 827 KILLEGRAY RIDGE
01 CITY : BALD HEAD ISLAND
STATE/ZIP : NC 28461
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,589.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,324.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 72.60000
----------------------------------------------------------------------------
0 0007792906 MORTGAGORS: ROSSEAU TODD
ROSSEAU STEPHANIE
REGION CODE ADDRESS : 21 KENT STREET
01 CITY : NEWBURYPORT
STATE/ZIP : MA 01950
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,362.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,169,200.00
P & I AMT: 14,007.74 UPB AMT: 2,162,816.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792914 MORTGAGORS: SMITH JASON
SHIMIZU JHANA
REGION CODE ADDRESS : 7113 MORNING LIGHT TRAIL
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,979.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007792922 MORTGAGORS: CHOATE TIMOTHY
MCKOY ELIZABETH
REGION CODE ADDRESS : 117 MADRONA PLACE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 402,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,339.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 38.80300
----------------------------------------------------------------------------
0 0007792930 MORTGAGORS: GARZA RICHARD
GARZA VIVIAN
REGION CODE ADDRESS : 22206 NORTHEAST 66TH PLACE
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,183.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.26400
----------------------------------------------------------------------------
0 0007792948 MORTGAGORS: ANDERSON JACK
ANDERSON JUDITH
REGION CODE ADDRESS : 2817 CANTEGRA GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,896.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 81.84100
----------------------------------------------------------------------------
0 0007792955 MORTGAGORS: BRANDT KERWIN
BRANDT LISA
REGION CODE ADDRESS : 23 115TH STREET
01 CITY : LEMONT
STATE/ZIP : IL 60439
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,325.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.20700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,732,000.00
P & I AMT: 11,450.49 UPB AMT: 1,727,724.10
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007792963 MORTGAGORS: CONGER DALE
CONGER JUDITH
REGION CODE ADDRESS : 8005 N. TERRITORIAL
01 CITY : DEXTER
STATE/ZIP : MI 48130
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,850.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.94300
----------------------------------------------------------------------------
0 0007792989 MORTGAGORS: GABBARD ALAN
REGION CODE ADDRESS : 3769 MOUNTAIN LAUREL PLACE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,671.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,126.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.20800
----------------------------------------------------------------------------
0 0007792997 MORTGAGORS: CONNORS JOHN
CONNORS ANNA
REGION CODE ADDRESS : 1494 WEST MEADOWS CONNECTION
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,359.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793003 MORTGAGORS: SCHNEIDER FREDERICK
SCHNEIDER SYDELLE
REGION CODE ADDRESS : 1095 PIPESTEM PLACE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,144.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------------------
0 0007793011 MORTGAGORS: DILAURA DENNIS
REGION CODE ADDRESS : 8035 AIRLANE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,276.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,629,700.00
P & I AMT: 10,888.33 UPB AMT: 1,625,302.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793029 MORTGAGORS: EAST GARY
EAST SHARON
REGION CODE ADDRESS : 6677 NE WINDERMERE ROAD
01 CITY : SEATTLE
STATE/ZIP : WA 98115
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,441.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,804.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 52.14200
----------------------------------------------------------------------------
0 0007793037 MORTGAGORS: ANDERSON LEON
ANDERSON VICKIE
REGION CODE ADDRESS : 5919 SUN RIDGE COURT
01 CITY : CLARKSTON
STATE/ZIP : MI 48348
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,178.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.11700
----------------------------------------------------------------------------
0 0007793045 MORTGAGORS: KUEBLER MICHAEL
KUEBLER SHERRI
REGION CODE ADDRESS : 13302 EAGLE CANYON DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 252,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,361.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.81200
----------------------------------------------------------------------------
0 0007793078 MORTGAGORS: KERR III E.
KERR ANN
REGION CODE ADDRESS : 4020 SOUTH CHERRY STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,231.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.60000
----------------------------------------------------------------------------
0 0007793094 MORTGAGORS: DOYLE MICHAEL
DOYLE MARGARET
REGION CODE ADDRESS : 3939 CAROUSEL DRIVE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 311,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,009.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.94800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,637,700.00
P & I AMT: 10,863.97 UPB AMT: 1,633,222.84
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793102 MORTGAGORS: HAGELSTEIN RICK
HAGELSTEIN THOMASUE
REGION CODE ADDRESS : 732 BAYLOR CAMP ROAD
01 CITY : CHINA SPRING
STATE/ZIP : TX 76633
MORTGAGE AMOUNT : 326,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,252.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.64200
----------------------------------------------------------------------------
0 0007793110 MORTGAGORS: SCAVO MARK
SCAVO PATRICIA
REGION CODE ADDRESS : 380 HOLLYBERRY
01 CITY : BOULDER
STATE/ZIP : CO 80303
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 : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.66600
----------------------------------------------------------------------------
0 0007793128 MORTGAGORS: TUCKER STEPHEN
TUCKER BARBARA
REGION CODE ADDRESS : 7697 HEATHERWOOD LANE
01 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,770.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 78.67600
----------------------------------------------------------------------------
0 0007793136 MORTGAGORS: PINK MITCHELL
PINK CAROLYN
REGION CODE ADDRESS : 405 KERRY COURT
01 CITY : PROSPECT HEIGHTS
STATE/ZIP : IL 60070
MORTGAGE AMOUNT : 347,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,575.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.54300
----------------------------------------------------------------------------
0 0007793144 MORTGAGORS: HAYDEN JOHN
HAYDEN LISA
REGION CODE ADDRESS : 3 TWIN BROOK ROAD
01 CITY : WEST CALDWELL
STATE/ZIP : NJ 07006
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,171.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,560,100.00
P & I AMT: 10,078.18 UPB AMT: 1,555,941.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793151 MORTGAGORS: BOYD RONALD
BERTRAND CAROL
REGION CODE ADDRESS : 3401 STALLION WAY
01 CITY : COMMERCE TWP.,
STATE/ZIP : MI 48382
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------------------
0 0007793169 MORTGAGORS: SEIERSTAD TERRY
REGION CODE ADDRESS : 5375 CARLSON ROAD
01 CITY : SHOREVIEW
STATE/ZIP : MN 55126
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,922.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 64.75400
----------------------------------------------------------------------------
0 0007793177 MORTGAGORS: BEISNER JOEL
DANG STEPHANIE
REGION CODE ADDRESS : 84 OAKMONT AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 469,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,238.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,122.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.92100
----------------------------------------------------------------------------
0 0007793185 MORTGAGORS: BUCKNER GREGORY
REGION CODE ADDRESS : 8 WEST GREENSBORO STREET
01 CITY : WRIGHTSVILLE
STATE/ZIP : NC 28480
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,996.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793193 MORTGAGORS: KOZLOWSKI GLEN
KOZLOWSKI JULIE
REGION CODE ADDRESS : 18095 TIMBER LANE
01 CITY : WILDWOOD
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,394.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.03200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,713,400.00
P & I AMT: 11,321.38 UPB AMT: 1,709,082.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793201 MORTGAGORS: SOMMER RICHARD
SOMMER SHEILA
REGION CODE ADDRESS : 11440 98TH WAY NORTH
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,265.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793219 MORTGAGORS: LEDUC DAVID
LEDUC KATHRYN
REGION CODE ADDRESS : 172 CORRAL CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,243.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.52100
----------------------------------------------------------------------------
0 0007793227 MORTGAGORS: WOLFF ROBERT
WOLFF CAROL
REGION CODE ADDRESS : 2461 SOUTH WOOD HOLLOW WAY
01 CITY : BOUNTIFUL
STATE/ZIP : UT 84010
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,159.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.76100
----------------------------------------------------------------------------
0 0007793235 MORTGAGORS: DERKS JAMES
DERKS CARRIE
REGION CODE ADDRESS : 909 WILLIAM STREET
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,961.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.30100
----------------------------------------------------------------------------
0 0007793243 MORTGAGORS: OCHADLEUS DONALD
OCHADLEUS CAROL
REGION CODE ADDRESS : 1840 E GUNN RD
01 CITY : OAKLAND TWP
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,365.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.90400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,580,000.00
P & I AMT: 10,698.68 UPB AMT: 1,569,993.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793268 MORTGAGORS: RYBCZYK KEVIN
RYBCZYK ROBIN
REGION CODE ADDRESS : 354 WEST SPRUCE STREET
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,272.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.44100
----------------------------------------------------------------------------
0 0007793276 MORTGAGORS: BLIXT CHARLES
BLIXT LESLIE
REGION CODE ADDRESS : 488 BING CROSBY BLVD.
01 CITY : ADVANCE
STATE/ZIP : NC 27006
MORTGAGE AMOUNT : 586,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,590.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,997.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.79500
----------------------------------------------------------------------------
0 0007793284 MORTGAGORS: BANDO WALTER
BANDO CATHERINE
REGION CODE ADDRESS : 1534 ENSLEY AVE.
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,108.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,888.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.05800
----------------------------------------------------------------------------
0 0007793292 MORTGAGORS: EDMONDS ZACHARY
EDMONDS CHRISTINE
REGION CODE ADDRESS : 11 WOODCLIFFE ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,881.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793300 MORTGAGORS: MINNIEFIELD SR BRADLEY
MINNIEFIELD DORIS
REGION CODE ADDRESS : 11230 WILDRIDGE
01 CITY : WESTCHESTER
STATE/ZIP : IL 60154
MORTGAGE AMOUNT : 245,896.23 OPTION TO CONVERT :
UNPAID BALANCE : 245,381.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.86900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,246,896.23
P & I AMT: 15,650.96 UPB AMT: 2,237,233.14
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793326 MORTGAGORS: HARPER RUSSELL
HARPER HEATHER
REGION CODE ADDRESS : 29028 WARNICK ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,218.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793334 MORTGAGORS: FATUR JAMES
FATUR PAMELA
REGION CODE ADDRESS : 4543 MOTORWAY DRIVE
01 CITY : WATERFORD
STATE/ZIP : MI 48328
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,246.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------------------
0 0007793342 MORTGAGORS: BARRERA RAYMOND
DORADO-BARRERA MARTHA
REGION CODE ADDRESS : 3427 EMERSON STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,096.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793359 MORTGAGORS: ROPER ROBERT
ROPER OLIVIA
REGION CODE ADDRESS : 139 NORTH MADISON AVENUE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 258,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,234.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.01300
----------------------------------------------------------------------------
0 0007793367 MORTGAGORS: POWELL MARK
POWELL MARIANN
REGION CODE ADDRESS : 39 DELAWARE AVENUE
01 CITY : STIRLING
STATE/ZIP : NJ 07980
MORTGAGE AMOUNT : 303,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,025.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.09900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,596,300.00
P & I AMT: 10,717.68 UPB AMT: 1,592,820.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793383 MORTGAGORS: SALAZAR VELINO
SALAZAR ESTHER
REGION CODE ADDRESS : 9263 LA SHELL DRIVE
01 CITY : TUJUNGA
STATE/ZIP : CA 91042
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,405.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007793391 MORTGAGORS: REED DANIEL
REGION CODE ADDRESS : 534 WEST CLIFF DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,196.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.75000
----------------------------------------------------------------------------
0 0007793409 MORTGAGORS: SPONAUGLE STEVEN
SPONAUGLE CYNTHIA
REGION CODE ADDRESS : 1754 W. THUNDERHILL DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85045
MORTGAGE AMOUNT : 245,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,608.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------------------
0 0007793417 MORTGAGORS: ROLPH MARK
ROLPH LORETTA
REGION CODE ADDRESS : 1448 N.FREDERIC ST
01 CITY : BURBANK
STATE/ZIP : CA 91505
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,776.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007793425 MORTGAGORS: GARLIE JAMES
REGION CODE ADDRESS : RURAL ROUTE 1, BOX 398A
01 CITY : BACKUS
STATE/ZIP : MN 56435
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,788.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.62100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,371,700.00
P & I AMT: 9,525.34 UPB AMT: 1,366,775.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793433 MORTGAGORS: MARTIN JOSEPH
MARTIN PAMELA
REGION CODE ADDRESS : 3084 IROQUOIS AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,185.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0007793441 MORTGAGORS: STEWART ARNOLD
STEWART SANDRA
REGION CODE ADDRESS : 14304 DUNCANNON COURT
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,869.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793466 MORTGAGORS: BOUCHARD LAWRENCE
REGION CODE ADDRESS : 2502 WINDYSIDE COURT
01 CITY : ODENTON
STATE/ZIP : MD 21113
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,353.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.44400
----------------------------------------------------------------------------
0 0007793482 MORTGAGORS: NGUYEN LE
NGUYEN CINDY
REGION CODE ADDRESS : 1920 TREEWOOD LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 260,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,180.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.99300
----------------------------------------------------------------------------
0 0007793490 MORTGAGORS: HOROWITT LAWRENCE
REGION CODE ADDRESS : 19451 MOUNTAINVIEW LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,381.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,537,500.00
P & I AMT: 10,633.06 UPB AMT: 1,533,971.66
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793508 MORTGAGORS: KREIDLER THOMAS
KREIDLER MARY
REGION CODE ADDRESS : 2704 FALLING TIMBER TRAIL
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,986.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 50.63200
----------------------------------------------------------------------------
0 0007793516 MORTGAGORS: MARVIN STEVEN
MARVIN CARLA
REGION CODE ADDRESS : 31851 VIA PATITO
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
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 : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.07200
----------------------------------------------------------------------------
0 0007793524 MORTGAGORS: YOUNG JERRY
YOUNG ANDREA
REGION CODE ADDRESS : 2729 FOREST AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94720
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,040.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793532 MORTGAGORS: NEEDHAM LINDA
REGION CODE ADDRESS : 3311 KENILWORTH DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,136.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 83.64400
----------------------------------------------------------------------------
0 0007793540 MORTGAGORS: DILLER THOMAS
DILLER JULIE
REGION CODE ADDRESS : 3206 LEAFY LANE
01 CITY : BLOOMINGTON
STATE/ZIP : IL 61704
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,660.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,798,000.00
P & I AMT: 12,266.95 UPB AMT: 1,793,926.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793557 MORTGAGORS: LOPEZ ARTHUR
LOPEZ JANETTE
REGION CODE ADDRESS : 10309 TOPEKA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,336.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.97800
----------------------------------------------------------------------------
0 0007793565 MORTGAGORS: LAW MICHAEL
LAW REBECCA
REGION CODE ADDRESS : 5890 SOUTH FRANKLIN COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80121
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,201.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.90300
----------------------------------------------------------------------------
0 0007793573 MORTGAGORS: ENGLISH ROBERT
REGION CODE ADDRESS : 2420 8TH AVENUE NORTH #103 N.
01 CITY : SEATTLE
STATE/ZIP : WA 98109
MORTGAGE AMOUNT : 336,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,546.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,351.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.91900
----------------------------------------------------------------------------
0 0007793581 MORTGAGORS: MAHER JOHN
SMESTAD GLORIA
REGION CODE ADDRESS : 1141 CRYSTAL DOWNS DRIVE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91915
MORTGAGE AMOUNT : 259,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,232.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93800
----------------------------------------------------------------------------
0 0007793599 MORTGAGORS: HUNSINGER BUDDY
HUNSINGER JOAN
REGION CODE ADDRESS : 9030 NORTH CERRITO VISTA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,538.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,488,100.00
P & I AMT: 10,195.80 UPB AMT: 1,484,854.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793607 MORTGAGORS: ANDRICH PETER
ANDRICH ANNE
REGION CODE ADDRESS : 3 SAWGRASS DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 639,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,579.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,199.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
0 0007793615 MORTGAGORS: BRISSON HENRY
BRISSON JANINE
REGION CODE ADDRESS : 566 ISLAND WALK EAST
01 CITY : MT. PLEASANT,
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 323,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,339.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007793623 MORTGAGORS: NAHRA JOHN
BURKE-NAHRA AUDREY
REGION CODE ADDRESS : 17731 REVELLO DRIVE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,924.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.48100
----------------------------------------------------------------------------
0 0007793631 MORTGAGORS: KENISTON THOMAS
REGION CODE ADDRESS : 836 DICKSON STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,482.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.36600
----------------------------------------------------------------------------
0 0007793649 MORTGAGORS: DECKER JONATHAN
DECKER SUSAN
REGION CODE ADDRESS : 2311 16TH AVE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,042,300.00
P & I AMT: 13,828.81 UPB AMT: 2,037,876.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793656 MORTGAGORS: BULLOCK BOB
BULLOCK TRACY
REGION CODE ADDRESS : 4201 N 63RD ST
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85251
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,678.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,441.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------------------
0 0007793664 MORTGAGORS: BURKE SEAN
BURKE DIANE
REGION CODE ADDRESS : 12 RIVER ROAD
01 CITY : MERRIMAC
STATE/ZIP : MA 01860
MORTGAGE AMOUNT : 314,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,382.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------------------
0 0007793672 MORTGAGORS: GAMBILL JOHN
GAMBILL LAURETTE
REGION CODE ADDRESS : 2684 BRIARGLEN ROAD, ACTON AREA,
01 CITY : LOS ANGELES
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,401.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.80500
----------------------------------------------------------------------------
0 0007793680 MORTGAGORS: GRAVELINE BRADLEY
GRAVELINE LISA
REGION CODE ADDRESS : 626 S MONROE STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,960.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793706 MORTGAGORS: SHULOCK VALERIE
SEGAL REBECCA
REGION CODE ADDRESS : 28 WALNUT PLACE
01 CITY : NEWTONVILLE
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,716.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.60900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,078,400.00
P & I AMT: 14,753.91 UPB AMT: 2,074,139.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793714 MORTGAGORS: TEUFERT DAVID
TEUFERT MARGARET
REGION CODE ADDRESS : 10065 INDIGO TRAIL
01 CITY : MAHTOMEDI
STATE/ZIP : MN 55115
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,050.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793722 MORTGAGORS: HENTZ LARRY
HENTZ FRANCINA
REGION CODE ADDRESS : 121 CROSS FOXES DRIVE
01 CITY : FT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,168.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793730 MORTGAGORS: TRIPP ALAN
TRIPP CHRISTINE
REGION CODE ADDRESS : 738 CASTRO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,705.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,751.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------------------
0 0007793748 MORTGAGORS: BOYCE RONALD
BOYCE KATHRYN
REGION CODE ADDRESS : 120 RIVERVIEW DRIVE
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 334,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,818.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------------------
0 0007793755 MORTGAGORS: KRYGIER TODD
KRYGIER KIMBERLY
REGION CODE ADDRESS : 23946 WINTERGREEN CIRCLE
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,376.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.42400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,904,550.00
P & I AMT: 13,085.28 UPB AMT: 1,900,119.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793763 MORTGAGORS: GRASSI MARK
GRASSI DEBORAH
REGION CODE ADDRESS : 2215 CORTE CICUTA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.16457
----------------------------------------------------------------------------
0 0007793771 MORTGAGORS: COONS CHARLES
COONS LINDA
REGION CODE ADDRESS : 210 W FAY LANE
01 CITY : CAMANO ISLAND
STATE/ZIP : WA 98292
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,277.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 48.66600
----------------------------------------------------------------------------
0 0007793789 MORTGAGORS: BATIHK HANNAH
REGION CODE ADDRESS : 10691 N.W. 67 PLACE
01 CITY : PARKLAND
STATE/ZIP : FL 33076
MORTGAGE AMOUNT : 264,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,006.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.70400
----------------------------------------------------------------------------
0 0007793797 MORTGAGORS: TABOR DAVID
NICHOLS THERESA
REGION CODE ADDRESS : 19464 JODHPUR DRIVE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 306,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.43100
----------------------------------------------------------------------------
0 0007793805 MORTGAGORS: KEELING HARRY
KEELING EDINA
REGION CODE ADDRESS : 8964 WOODLORE SOUTH DR
01 CITY : PLYMOUTH TOWNSHIP
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 289,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,186.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,502,550.00
P & I AMT: 10,331.48 UPB AMT: 1,499,458.60
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793813 MORTGAGORS: STRATTON DREW
STRATTON STEPHANIE
REGION CODE ADDRESS : 18 BROOKS ROAD
01 CITY : PAXTON
STATE/ZIP : MA 01612
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793821 MORTGAGORS: SPRAYREGEN PAUL
SPRAYREGEN EMELINE
REGION CODE ADDRESS : 100 TURTLE MOON ROAD
01 CITY : CHARLOTTE
STATE/ZIP : VT 05445
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,383.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 40.80000
----------------------------------------------------------------------------
0 0007793839 MORTGAGORS: COCHRAN RICHARD
COCHRAN LISA
REGION CODE ADDRESS : 5878 50TH STREET SOUTHEAST
01 CITY : DELANO
STATE/ZIP : MN 55328
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,293.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007793847 MORTGAGORS: NGUYEN CHAN
DO QUE
REGION CODE ADDRESS : 1088 KELDON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,458.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.20800
----------------------------------------------------------------------------
0 0007793854 MORTGAGORS: LEPZINSKI THOMAS
LEPZINSKI CYNTHIA
REGION CODE ADDRESS : 6140 PUMA POINT
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,429.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.96900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,505,000.00
P & I AMT: 10,235.92 UPB AMT: 1,502,106.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793862 MORTGAGORS: HEFFNER MICHAEL
TRAVERS JEFFREY
REGION CODE ADDRESS : 3900 MILITARY RD
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 270,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,647.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------------------
0 0007793870 MORTGAGORS: CLAYTON TAYLOR
CLAYTON MARILYN
REGION CODE ADDRESS : 512 OJAI
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,507.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------------------
0 0007793888 MORTGAGORS: PERRY GREG
PERRY SHERI
REGION CODE ADDRESS : 11936 PRESWICK LANE
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 439,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,888.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------------------
0 0007793896 MORTGAGORS: LAHMERS DAVID
LAHMERS RHONDA
REGION CODE ADDRESS : 7048 DEER HOLLOW LN.
01 CITY : MAUMEE
STATE/ZIP : OH 43537
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,536.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.46200
----------------------------------------------------------------------------
0 0007793904 MORTGAGORS: LEBERT GARY
LEBERT MICHELLE
REGION CODE ADDRESS : 3014 45TH AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,105.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.61500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,931,750.00
P & I AMT: 13,293.78 UPB AMT: 1,927,685.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793912 MORTGAGORS: HOANG THUAN
REGION CODE ADDRESS : 3060 HARDING AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 292,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,188.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------------------
0 0007793920 MORTGAGORS: HUGHES LLOYD
HUGHES JEAN
REGION CODE ADDRESS : 850 FOXKIRK DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53045
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,290.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.45400
----------------------------------------------------------------------------
0 0007793938 MORTGAGORS: FRENCH JEFFREY
FRENCH ELIZABETH
REGION CODE ADDRESS : 2304 LUCERNE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,418.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0007793946 MORTGAGORS: CORIROSSI JERRY
CORIROSSI LINDA
REGION CODE ADDRESS : 9418 EAST CAVALRY DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,700.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99283
----------------------------------------------------------------------------
0 0007793953 MORTGAGORS: ANDREWS THOMAS
ANDREWS DENISE
REGION CODE ADDRESS : 1 CASTLE ROAD
01 CITY : NORTHBORO
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,455.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 83.16500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,494,950.00
P & I AMT: 10,268.34 UPB AMT: 1,439,054.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007793961 MORTGAGORS: BARISANO DANA
BARISANO COLLEEN
REGION CODE ADDRESS : 62 MAIN STREET
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,411.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.68100
----------------------------------------------------------------------------
0 0007793979 MORTGAGORS: SAMARAS KATINA
REGION CODE ADDRESS : 5017 EAST VALLE VISTA ROAD
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,089.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.75600
----------------------------------------------------------------------------
0 0007793987 MORTGAGORS: ERDMAN JEFFREY
ERDMAN MARY
REGION CODE ADDRESS : 11933 SOUTHEAST MASA LANE
01 CITY : PORTLAND
STATE/ZIP : OR 97236
MORTGAGE AMOUNT : 275,016.31 OPTION TO CONVERT :
UNPAID BALANCE : 274,325.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.25500
----------------------------------------------------------------------------
0 0007794902 MORTGAGORS: BALDWIN WILLIAM
DERROW L.
REGION CODE ADDRESS : 2706 WOODLEY PLACE, NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 248,575.08 OPTION TO CONVERT :
UNPAID BALANCE : 247,487.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/24
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------------------
0 0007794910 MORTGAGORS: BARDER TIMOTHY
BARDER ANAMARIA
REGION CODE ADDRESS : 1N134 PARK BOULEVARD
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 294,543.41 OPTION TO CONVERT :
UNPAID BALANCE : 293,488.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/24
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.37400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,330,634.80
P & I AMT: 9,300.76 UPB AMT: 1,326,802.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007795008 MORTGAGORS: KIND DAN
KIND CHERYL
REGION CODE ADDRESS : 10638 KIAWAH DRIVE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55344
MORTGAGE AMOUNT : 311,140.55 OPTION TO CONVERT :
UNPAID BALANCE : 310,203.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.57000
----------------------------------------------------------------------------
0 0007795032 MORTGAGORS: BANOWSKY WILLIAM
BANOWSKY SUSAN
REGION CODE ADDRESS : 2925 WESTMINSTER AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 287,350.45 OPTION TO CONVERT :
UNPAID BALANCE : 286,202.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/22
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.67960
----------------------------------------------------------------------------
0 0007795065 MORTGAGORS: RAPP CLARK
ARCHER LABERTA
REGION CODE ADDRESS : 15489 SAMPSON ROAD
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 263,573.85 OPTION TO CONVERT :
UNPAID BALANCE : 263,113.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.30600
----------------------------------------------------------------------------
0 0007795099 MORTGAGORS: HELMACY JOHN
HELMACY LISA
REGION CODE ADDRESS : 37 PARK ROAD
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 256,302.97 OPTION TO CONVERT :
UNPAID BALANCE : 255,615.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.86200
----------------------------------------------------------------------------
0 0007795123 MORTGAGORS: ROYSTON THOMAS
ROYSTON THERESA
REGION CODE ADDRESS : 1025 WEST VERNON PARK PLACE, UNIT I
01 CITY : CHICAGO
STATE/ZIP : IL 60607
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,865.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,374,867.82
P & I AMT: 9,584.93 UPB AMT: 1,371,001.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007795131 MORTGAGORS: BEINISH ROBERT
TAYLOR CAROL
REGION CODE ADDRESS : 7 MARION ROAD
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 360,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,614.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.15600
----------------------------------------------------------------------------
0 0007795149 MORTGAGORS: HARVEY MARK
HARVEY MICHELLE
REGION CODE ADDRESS : 1805 HAVERSHAM KEY
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,477.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 81.57800
----------------------------------------------------------------------------
0 0007795198 MORTGAGORS: MCCARTY JOSEPH
MCCARTY JIMMI
REGION CODE ADDRESS : 2710 S.WALDRON ROAD
01 CITY : FORT SMITH
STATE/ZIP : AR 72903
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,547.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 82.83100
----------------------------------------------------------------------------
0 0007795206 MORTGAGORS: MARKOWITZ MICHAEL
JEFFE BETH
REGION CODE ADDRESS : #24 PAINTBRUSH CIRCLE
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 890,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 888,536.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,921.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 62.23700
----------------------------------------------------------------------------
0 0007795214 MORTGAGORS: BLACKBURN BILLY
BLACKBURN SHAWNE
REGION CODE ADDRESS : 6604 BEAU CHENE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,499.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,163,750.00
P & I AMT: 14,513.62 UPB AMT: 2,159,675.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007795305 MORTGAGORS: SCHWAB LAUREN
SCHWAB JOHN
REGION CODE ADDRESS : 701 SOUTH WARSON ROAD
01 CITY : LADUE
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,435.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 27.91600
----------------------------------------------------------------------------
0 0007795347 MORTGAGORS: HANCOCK WARREN
HANCOCK SUZANNE
REGION CODE ADDRESS : 11289 STONES THROW DRIVE
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 340,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,615.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 60.80300
----------------------------------------------------------------------------
0 0007795362 MORTGAGORS: NESSEL LARRY
NESSEL HOLLY
REGION CODE ADDRESS : 3041 OAK STREET,
01 CITY : LAKEWOOD
STATE/ZIP : CO 80215
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,099.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.26100
----------------------------------------------------------------------------
0 0007795396 MORTGAGORS: CASEY STEPHEN
CASEY DORIS
REGION CODE ADDRESS : 21608 GOSHEN OAKS ROAD
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,995.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.18500
----------------------------------------------------------------------------
0 0007795404 MORTGAGORS: GRONOWITZ STEVEN
GRONOWITZ LISA
REGION CODE ADDRESS : 542 SOUTH FOREST DRIVE
01 CITY : TEANECK
STATE/ZIP : NJ 07666
MORTGAGE AMOUNT : 323,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,856.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.72100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,684,100.00
P & I AMT: 11,225.01 UPB AMT: 1,680,003.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007795461 MORTGAGORS: THWAITES JONATHAN
THWAITES CHRISTINE
REGION CODE ADDRESS : 5 SETTLERS LANE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,310.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------------------
0 0007795487 MORTGAGORS: WINDUS ROBERT
WINDUS JENNIFER
REGION CODE ADDRESS : 533 UTTERBACK STORE ROAD
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,092.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.89700
----------------------------------------------------------------------------
0 0007795511 MORTGAGORS: LARSEN JOHN
LARSEN CAROL
REGION CODE ADDRESS : 17230 ANGELINE AVENUE S NE,
01 CITY : SUQUAMISH
STATE/ZIP : WA 98392
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,274.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.02400
----------------------------------------------------------------------------
0 0007795529 MORTGAGORS: SILBERMAN IAN
REGION CODE ADDRESS : 17 BERKLEY LANE
01 CITY : LADUE
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 331,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,118.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.44700
----------------------------------------------------------------------------
0 0007795578 MORTGAGORS: PICCIOTTI ROBERT
PICCIOTTI LOUISE
REGION CODE ADDRESS : 27 SUFFOLK WAY
01 CITY : LINCOLN
STATE/ZIP : RI 02865
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,014.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,754,900.00
P & I AMT: 12,036.90 UPB AMT: 1,750,810.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007795602 MORTGAGORS: CLARK OTIS
CLARK KIMBERLY
REGION CODE ADDRESS : 125 WINDHAM FARM LN
01 CITY : LEWISVILLE
STATE/ZIP : NC 27023
MORTGAGE AMOUNT : 518,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,162.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,448.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007795610 MORTGAGORS: OLIVER BRIAN
REGION CODE ADDRESS : 3733 TYNEMOORE TRACE
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 335,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,367.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------------------
0 0007795644 MORTGAGORS: RORKE THOMAS
RORKE TANIA
REGION CODE ADDRESS : 324 DELANCEY STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19106
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,438.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.32500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.32500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007795669 MORTGAGORS: LAW CHARLES
REGION CODE ADDRESS : 3050 HAMPTON CIRCLE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,267.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.69600
----------------------------------------------------------------------------
0 0007795784 MORTGAGORS: MARTIN DANIEL
MARTIN CHRISTINE
REGION CODE ADDRESS : 1938 SUNNY DRIVE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63122
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,434.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,893,850.00
P & I AMT: 12,836.91 UPB AMT: 1,889,670.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007795826 MORTGAGORS: DUKE CHARLES
DUKE RAE
REGION CODE ADDRESS : 202 LOWOOD LANE
01 CITY : GREENVILLE
STATE/ZIP : SC 29605
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,551.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.84600
----------------------------------------------------------------------------
0 0007795842 MORTGAGORS: SISNEROS JOSEPH
ELLIS-SISNEROS MYKAEL
REGION CODE ADDRESS : 17C LOMA DE LA CRUZ
01 CITY : ESPANOLA
STATE/ZIP : NM 87532
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,368.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------------------
0 0007795859 MORTGAGORS: SLADOWSKI CATHERINE
REGION CODE ADDRESS : 77 JESSE COURT
01 CITY : MONTVILLE
STATE/ZIP : NJ 07855
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,561.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0007795883 MORTGAGORS: WRIGHT SUSAN
WRIGHT JAMES
REGION CODE ADDRESS : 1076 LOS ANGELES AVENUE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,379.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0007795891 MORTGAGORS: GILBRIDE SCOTT
GILBRIDE ANNE
REGION CODE ADDRESS : 8204 MACK STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,293.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,548,500.00
P & I AMT: 10,569.39 UPB AMT: 1,545,155.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007795917 MORTGAGORS: MONTANA PASQUALE
MONTANA THERESA
REGION CODE ADDRESS : 1507 NORTH MOHAWK
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.41500
----------------------------------------------------------------------------
0 0007795925 MORTGAGORS: ROSS BELLA
ROSS JOHN
REGION CODE ADDRESS : 494 FULTON COURT
01 CITY : WEST NEW YORK
STATE/ZIP : NJ 07093
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,655.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.94900
----------------------------------------------------------------------------
0 0007795933 MORTGAGORS: RAY RODNEY
RAY CHRISTINE
REGION CODE ADDRESS : 1707 126TH AVENUE EAST
01 CITY : EDGEWOOD
STATE/ZIP : WA 98372
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,049.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.11500
----------------------------------------------------------------------------
0 0007795966 MORTGAGORS: MOSOLOVA MARIA
BELIAKOV MICHAEL
REGION CODE ADDRESS : 13705 VALLEY OAK CIRCLE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,948.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------------------
0 0007796006 MORTGAGORS: GIOVINAZZO PAUL
GIOVINAZZO DEBRA
REGION CODE ADDRESS : LOT 10-1 MAPLE STREET
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 308,980.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,234.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,953,980.00
P & I AMT: 13,345.01 UPB AMT: 1,949,277.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007796030 MORTGAGORS: SANDEN JOHN
SANDEN ELIZABETH
REGION CODE ADDRESS : 100 CAINS HILL ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,010.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------------------
0 0007796048 MORTGAGORS: PHIPPS THOMAS
PHIPPS GAIL
REGION CODE ADDRESS : 7611 SOUTHEAST 111TH AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97266
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,874.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.85700
----------------------------------------------------------------------------
0 0007796089 MORTGAGORS: SKAINS THOMAS
SKAINS SHERRY
REGION CODE ADDRESS : 8222 GREENCASTLE DR
01 CITY : CHARLOTTE
STATE/ZIP : NC 28210
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,115.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/19
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 43.57100
----------------------------------------------------------------------------
0 0007796105 MORTGAGORS: BAKER WILLIAM
BAKER LINDA
REGION CODE ADDRESS : 1401 241ST STREET SOUTHEAST
01 CITY : BOTHELL
STATE/ZIP : WA 98021
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,146.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007796188 MORTGAGORS: MILES KENNETH
MILES JANINE
REGION CODE ADDRESS : 2842 COMFORT
01 CITY : W BLOOMFIELD
STATE/ZIP : MI 48323
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,522.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.59600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,492,300.00
P & I AMT: 10,414.02 UPB AMT: 1,488,669.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007796196 MORTGAGORS: COX RICHARD
COX HEATHER
REGION CODE ADDRESS : 6944 HERITAGE CLUB DRIVE
01 CITY : MASON
STATE/ZIP : OH 45040
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,381.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.23800
----------------------------------------------------------------------------
0 0007796204 MORTGAGORS: COX JAMES
COX ANNE
REGION CODE ADDRESS : 8512 WEST OAK PLACE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,425.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93900
----------------------------------------------------------------------------
0 0007796220 MORTGAGORS: GREENSTEIN HARVEY
GREENSTEIN KAREN
REGION CODE ADDRESS : 14 BARGE LANE
01 CITY : FRANKLIN TOWNSHIP
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 267,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,835.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------------------
0 0007796253 MORTGAGORS: PULJU JAMES
PULJU RUTH
REGION CODE ADDRESS : 2647 S XENON WAY
01 CITY : LAKEWOOD
STATE/ZIP : CO 80228
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,566.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.05200
----------------------------------------------------------------------------
0 0007796295 MORTGAGORS: FUSON JOHN
FUSON SUSAN
REGION CODE ADDRESS : 3702 BURWELL ROLLINS CIRCLE
01 CITY : RALEIGH
STATE/ZIP : NC 27612
MORTGAGE AMOUNT : 259,760.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,133.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,350,210.00
P & I AMT: 9,355.42 UPB AMT: 1,347,342.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007796311 MORTGAGORS: SCHOENBORN DANIEL
SCHOENBORN THERESA
REGION CODE ADDRESS : 6862 N. 83RD STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85250
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,258.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007796360 MORTGAGORS: BEDERMAN BRAD
REGION CODE ADDRESS : 4323 SHADOW GLEN DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,588.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007796378 MORTGAGORS: BUSH EDWARD
BUSH MARILYN
REGION CODE ADDRESS : 413 MYRTLE POND ROAD
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,306.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,135.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007796386 MORTGAGORS: HYDE BRUCE
HYDE VERA LEE ANN
REGION CODE ADDRESS : 54 STATE PARK ROAD
01 CITY : CHESTER TOWNSHIP
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,003.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.66666
----------------------------------------------------------------------------
0 0007796402 MORTGAGORS: DESANTIAGO M.
DESANTIAGO BETH
REGION CODE ADDRESS : 1933 WEST SCHOOL STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,398.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,612,600.00
P & I AMT: 10,979.08 UPB AMT: 1,609,555.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007796410 MORTGAGORS: TUMLIN TERRY
TUMLIN LUANNE
REGION CODE ADDRESS : LAND LOTS 700 & 741 GLEN COVE DRIVE
01 CITY : CARTERSVILLE
STATE/ZIP : GA 30120
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,087.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.17300
----------------------------------------------------------------------------
0 0007796428 MORTGAGORS: BURKERT ROBERT
BURKERT BERNADETTE
REGION CODE ADDRESS : 2533 SPARROW BUSH LANE
01 CITY : MANASQUAN
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 279,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,212.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.53600
----------------------------------------------------------------------------
0 0007796469 MORTGAGORS: YOHAY STEPHEN
GARNER PENELOPE
REGION CODE ADDRESS : 6421 WATERWAY DRIVE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22044
MORTGAGE AMOUNT : 569,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,041.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,737.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.37600
----------------------------------------------------------------------------
0 0007796501 MORTGAGORS: PEDDYCORD SUSAN
PEDDYCORD HARRY
REGION CODE ADDRESS : 14216 WYNDFIELD CIRCLE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,276.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.93300
----------------------------------------------------------------------------
0 0007796527 MORTGAGORS: SCHIATTAREGGIA DOMINIC
REGION CODE ADDRESS : 10609 ROCK RUN DRIVE
01 CITY : MONTGOMERY COUNTY POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,456.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 65.50200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,807,650.00
P & I AMT: 11,981.65 UPB AMT: 1,804,073.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007796576 MORTGAGORS: ELEBASH RUSSELL
ELEBASH SHEAREN
REGION CODE ADDRESS : 955 COLEMAN STREET
01 CITY : MONTGOMERY
STATE/ZIP : AL 36106
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0007796584 MORTGAGORS: GREEN BARBARA
REGION CODE ADDRESS : 2154 RIVER OAKS DRIVE
01 CITY : JACKSONS GAP,
STATE/ZIP : AL 36861
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,507.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.92700
----------------------------------------------------------------------------
0 0007796618 MORTGAGORS: EVANS RICHARD
EVANS KAREN
REGION CODE ADDRESS : 2385 TAMARACK DRIVE
01 CITY : LONG LAKE
STATE/ZIP : MN 55356
MORTGAGE AMOUNT : 700,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 698,877.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,716.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 42.42400
----------------------------------------------------------------------------
0 0007796634 MORTGAGORS: FAVAZZA JOHN
REGION CODE ADDRESS : 1 ARROWHEAD FARM ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,555.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.58400
----------------------------------------------------------------------------
0 0007796741 MORTGAGORS: HIRAGURI YOHEI
HIRAGURI AISOOK
REGION CODE ADDRESS : 297 MIDLAND COURT
01 CITY : WEST NEW YORK
STATE/ZIP : NJ 07093
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,363.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,898,000.00
P & I AMT: 12,987.81 UPB AMT: 1,894,833.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0007796774 MORTGAGORS: FIFFER THOMAS
FIFFER LYNN
REGION CODE ADDRESS : 62 SPRUCE STREET
01 CITY : FAIRFIELD
STATE/ZIP : CT 06490
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,994.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031235054 MORTGAGORS: HEIDT DENNIS
HEIDT LIZA
REGION CODE ADDRESS : 5 PEBBLE BEACH COURT
01 CITY : MONTGOMERY
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 410,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,187.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031329113 MORTGAGORS: KNEPPER ALAN
KNEPPER LINDA
REGION CODE ADDRESS : 5 GARNET STREET
01 CITY : MARLBORO TWP.,
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,941.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.73900
----------------------------------------------------------------------------
0 0031336555 MORTGAGORS: HENDERSON BOBBIE
HENDERSON THELMA
REGION CODE ADDRESS : 1380 BARROWDALE ROAD
01 CITY : RYDAL
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,830.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.10600
----------------------------------------------------------------------------
0 0031387715 MORTGAGORS: CHENG DAVID
PERKINS KIM
REGION CODE ADDRESS : 14 SALISBURY LANE
01 CITY : LONG VALLEY
STATE/ZIP : NJ 07853
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,729.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.05200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,874,400.00
P & I AMT: 13,105.84 UPB AMT: 1,857,682.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031422298 MORTGAGORS: KENNEY DONILL
KENNEY JODIE
REGION CODE ADDRESS : 1736 NORTH LAKESIDE DRIVE
01 CITY : LAKE WORTH
STATE/ZIP : FL 33460
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 534,183.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,695.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.31500
----------------------------------------------------------------------------
0 0031494313 MORTGAGORS: KELLEY CRAIG
MCGUIRE MARILYN
REGION CODE ADDRESS : 28 DEXTER ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,884.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.96900
----------------------------------------------------------------------------
0 0031519085 MORTGAGORS: DURAN ARTURO
ALVAREZ DE DURAN PATRICIA
REGION CODE ADDRESS : 75 ALBEMARLE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,251.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031519176 MORTGAGORS: KUNA AUDREY
PITSCH SUZANE
REGION CODE ADDRESS : 143 BLACK BROOK ROAD
01 CITY : BETHLEHEM TOWNSHIP
STATE/ZIP : NJ 08826
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,767.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031562549 MORTGAGORS: HOPPER DAVID
HOPPER MAUREEN
REGION CODE ADDRESS : 149 LITTLETON ROAD
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,441.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,689,600.00
P & I AMT: 11,774.19 UPB AMT: 1,681,527.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031563265 MORTGAGORS: BRENNAN ELEANOR
BRENNAN CHRISTOPHER
REGION CODE ADDRESS : 16 MARION STREET
01 CITY : HINGMAN
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,873.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031563299 MORTGAGORS: HORNE EDWARD
REGION CODE ADDRESS : 119 PARKWOOD ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,239.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031617509 MORTGAGORS: LIN HUEI
REGION CODE ADDRESS : 38 ASH STREET
01 CITY : ENGLEWOOD CLIFFS
STATE/ZIP : NJ 07632
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,805.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031617921 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 : 347,728.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031620859 MORTGAGORS: WEHDE JOHN
WEHDE HARLE
REGION CODE ADDRESS : 4 BRADLEE ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,103.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,769.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,840,100.00
P & I AMT: 12,807.78 UPB AMT: 1,831,750.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031621329 MORTGAGORS: ROY WILLIAM
ROY ELIZABETH
REGION CODE ADDRESS : 110 SCHOOL HOUSE LANE
01 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
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 : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 56.07400
----------------------------------------------------------------------------
0 0031627334 MORTGAGORS: KELLY LAWRENCE
KELLY BONNIE
REGION CODE ADDRESS : 1456 POWELL CIRLCE
01 CITY : BOOTHWYN
STATE/ZIP : PA 19061
MORTGAGE AMOUNT : 264,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,552.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------------------
0 0031628803 MORTGAGORS: GONZALEZ-SERVA ALDO
GONZALEZ MARILYN
REGION CODE ADDRESS : 37 COREY ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,589.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.54900
----------------------------------------------------------------------------
0 0031629330 MORTGAGORS: KNUDSEN RONALD
KNUDSEN ADRIENNE
REGION CODE ADDRESS : 74 VISTA AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02166
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,664.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.50000
----------------------------------------------------------------------------
0 0031629363 MORTGAGORS: BRENNAN PAUL
BRENNAN JULE
REGION CODE ADDRESS : 128 COLONEL JOHN GARDNER ROAD
01 CITY : NARRAGANSETT,
STATE/ZIP : RI 02882
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,992.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.97400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,622,550.00
P & I AMT: 11,246.87 UPB AMT: 1,611,546.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031632243 MORTGAGORS: HOLLAND ROBERT
MCDERMOTT-HOLLAND MARY
REGION CODE ADDRESS : 138 BRADLEE ROAD
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,729.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.90900
----------------------------------------------------------------------------
0 0031651151 MORTGAGORS: ALTICK FRANK
ALTICK ELLEN
REGION CODE ADDRESS : 269 STOCKBRIDGE AVENUE
01 CITY : ATHERTON
STATE/ZIP : CA 94027
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,856.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 34.21000
----------------------------------------------------------------------------
0 0031652365 MORTGAGORS: LI ZONGYI
JIN MEI
REGION CODE ADDRESS : 8 DEERFIELD DRIVE
01 CITY : WEST WINDSOR
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,456.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031652381 MORTGAGORS: PETERS L
PETERS ANDREA
REGION CODE ADDRESS : 310 GREENBRIAR DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,175.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------------------
0 0031654585 MORTGAGORS: LAGUE RUTH
MCCOLLOUGH BARBARA
REGION CODE ADDRESS : 9 COLBOURNE CRESCENT UNIT #1
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,106.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.73800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,837,700.00
P & I AMT: 12,526.51 UPB AMT: 1,826,325.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031655236 MORTGAGORS: GRUSKIN STEVEN
LAWRENCE GRUSKIN N.GAIL
REGION CODE ADDRESS : 17 WARING ROAD
01 CITY : POUND RIDGE
STATE/ZIP : NY 10576
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 641,027.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.42105
----------------------------------------------------------------------------
0 0031658834 MORTGAGORS: PERELMUTER PHILLIP
PERELMUTER CAROLYN
REGION CODE ADDRESS : 65 PAUL REVERE ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02194
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,226.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.61600
----------------------------------------------------------------------------
0 0031659469 MORTGAGORS: PEKAR KEVIN
GOODING ELIZABETH
REGION CODE ADDRESS : 33 WABAN HILL ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,089.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031673833 MORTGAGORS: ZIMAROWSKI MARY
REGION CODE ADDRESS : 56 CEDARWOOD AVENUE
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,041.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031674609 MORTGAGORS: OSTERMAN WALTER
OSTERMAN CATHERINA
REGION CODE ADDRESS : 17 STANFORD DRIVE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,297.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.88235
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,008,500.00
P & I AMT: 13,838.04 UPB AMT: 1,991,683.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031690134 MORTGAGORS: LORD ROBERT
REGION CODE ADDRESS : MURRAY HILL ROAD
01 CITY : BOOTHBAY
STATE/ZIP : ME 04544
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,719.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.26300
----------------------------------------------------------------------------
0 0031697915 MORTGAGORS: MARKOVSKY RONALD
MARKOVSKY DANIELLE
REGION CODE ADDRESS : 56 WHITNEY AVE,
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,522.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.06400
----------------------------------------------------------------------------
0 0031700826 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 : 448,309.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.50000
----------------------------------------------------------------------------
0 0031730963 MORTGAGORS: ABT KEVIN
ABT SUSAN
REGION CODE ADDRESS : 158 MOUNTAIN STREET
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,552.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031737117 MORTGAGORS: HUMPHREY DWAYNE
HUMPHREY KAREN
REGION CODE ADDRESS : 27 MOUNTAIN AVENUE
01 CITY : MOUNT OLIVE TOWNSHIP
STATE/ZIP : NJ 07836
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,485.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.74500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,571,400.00
P & I AMT: 11,223.72 UPB AMT: 1,562,588.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031742398 MORTGAGORS: HEPNER RAYMOND
HEPNER DEBORAH
REGION CODE ADDRESS : 10205 BUCKMEADOW LANE
01 CITY : DAMASCUS
STATE/ZIP : MD 20872
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,546.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------------------
0 0031745219 MORTGAGORS: SHACHORY DIANA
REGION CODE ADDRESS : 6485 ZUMA VIEW PLACE,
01 CITY : 101 MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,592.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.29300
----------------------------------------------------------------------------
0 0031748189 MORTGAGORS: STONOV ALEXANDER
STONOV ALLA
REGION CODE ADDRESS : 30 JUNIPER ROAD
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,803.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,123.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031748239 MORTGAGORS: MANZONE TIMOTHY
MANZONE HOLLY
REGION CODE ADDRESS : 751 BEVERSREDE TRAIL
01 CITY : POCOPSON
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,031.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031748346 MORTGAGORS: DEBRUYN ANDREW
DEBRUYN SUSAN
REGION CODE ADDRESS : 25532 FOGGY GLEN DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 273,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,920.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,607,950.00
P & I AMT: 11,073.49 UPB AMT: 1,601,894.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031758733 MORTGAGORS: DERR THOMAS
DERR CRYSTAL
REGION CODE ADDRESS : 100 SUMMER LEA COURT
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,808.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------------------
0 0031759145 MORTGAGORS: BRUNI JOHN
REGION CODE ADDRESS : 2540 MANCHESTER AVENUE
01 CITY : CARDIFF
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,223.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
0 0031759517 MORTGAGORS: HARRINGTON JAMES
SOISSON ANNE
REGION CODE ADDRESS : 7 ARDLEY ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,312.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.88200
----------------------------------------------------------------------------
0 0031761737 MORTGAGORS: FERNANDEZ ANTHONY
FERNANDEZ LAURA
REGION CODE ADDRESS : 9800 SW 92 AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,588.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------------------
0 0031763105 MORTGAGORS: BARRY GEORGE
BARRY MONICA
REGION CODE ADDRESS : TEMPE WICK RD.(LOT 12.02&12.03,BL33
01 CITY : HARDING TOWNSHIP
STATE/ZIP : NJ 07935
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 798,207.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,593.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 50.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,914,000.00
P & I AMT: 13,323.40 UPB AMT: 1,909,140.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031770092 MORTGAGORS: CARLIN ROBERT
CARLIN ELIZABETH
REGION CODE ADDRESS : 10302 BUCKMEADOW LANE
01 CITY : DAMASCUS
STATE/ZIP : MD 20872
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,075.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.96200
----------------------------------------------------------------------------
0 0031770233 MORTGAGORS: WARNECKI WILLIAM
WARNECKI KAREN
REGION CODE ADDRESS : 7796 ROYAL SYDNEY DRIVE
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 252,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,088.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
0 0031771702 MORTGAGORS: HUNT GREGORY
HUNT MARY
REGION CODE ADDRESS : 15 HARBOR RIDGE DRIVE
01 CITY : MASHPEE
STATE/ZIP : MA 02649
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,352.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031774615 MORTGAGORS: SMITH KENNETH
SMITH TINA
REGION CODE ADDRESS : 328 SQUIRREL RIDGE WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,648.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.87100
----------------------------------------------------------------------------
0 0031774912 MORTGAGORS: BEAR WILLIAM
BEAR ROBIN
REGION CODE ADDRESS : 43320 SUGARBUSH COURT
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 350,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,290.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99087
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,497,200.00
P & I AMT: 9,815.83 UPB AMT: 1,494,455.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031775364 MORTGAGORS: BRAUN JEAN
REGION CODE ADDRESS : 202 19TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,230.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031775844 MORTGAGORS: LU THE
NGUYEN HUU-CHINH
REGION CODE ADDRESS : 37 PARK FLETCHER PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
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 : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.60700
----------------------------------------------------------------------------
0 0031778962 MORTGAGORS: O'NEILL BRIAN
O'NEILL DEENA
REGION CODE ADDRESS : 58 MEADOWS LANE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,173.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031790785 MORTGAGORS: FRIEDMAN ARNOLD
FRIEDMAN GERI
REGION CODE ADDRESS : 152 KING STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,535.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 43.87000
----------------------------------------------------------------------------
0 0031797822 MORTGAGORS: LUCAS RICHARD
REGION CODE ADDRESS : 1070 GREEN ST #302
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94133
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,331.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.96900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,712,500.00
P & I AMT: 11,472.69 UPB AMT: 1,707,845.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031798846 MORTGAGORS: RIVES NICK
RIVES CAROL
REGION CODE ADDRESS : 111 20TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 347,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,222.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.17900
----------------------------------------------------------------------------
0 0031801392 MORTGAGORS: WEAVER JOHN
WEAVER LESLIE
REGION CODE ADDRESS : 1010 BUCHAN DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,379.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.92307
----------------------------------------------------------------------------
0 0031801723 MORTGAGORS: DUPUY DUDLEY
DUPUY WILMA
REGION CODE ADDRESS : 15250 MILLHURST ROAD
01 CITY : PLANO
STATE/ZIP : IL 60545
MORTGAGE AMOUNT : 273,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,136.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.08300
----------------------------------------------------------------------------
0 0031803539 MORTGAGORS: GREELEY GARY
REGION CODE ADDRESS : 662 SOUTH FRONTIER COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,411.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.82600
----------------------------------------------------------------------------
0 0031805617 MORTGAGORS: KELLY BARRY
KELLY JOENE
REGION CODE ADDRESS : 5110 LOVALL VALLEY LOOP ROAD
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,280.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,210.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.79400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,873,850.00
P & I AMT: 12,493.12 UPB AMT: 1,869,431.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031808215 MORTGAGORS: DAVIS RONALD
DAVIS VICTORIA
REGION CODE ADDRESS : 24012 CORMORANT LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,006.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.76100
----------------------------------------------------------------------------
0 0031813140 MORTGAGORS: VITALE KEVIN
VITALE DEBORAH
REGION CODE ADDRESS : 1767 HOLLAND COURT
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,009.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------------------
0 0031813199 MORTGAGORS: CHILD MASON
CHILD NANCI
REGION CODE ADDRESS : 5618 OLDE HARTLEY WAY
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,086.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.22800
----------------------------------------------------------------------------
0 0031813611 MORTGAGORS: MCKNIGHT CHARLES
MCKNIGHT JEAN KAY
REGION CODE ADDRESS : 400 MIMOSA DR
01 CITY : SAINT SIMMONS ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,977.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 38.17200
----------------------------------------------------------------------------
0 0031817893 MORTGAGORS: NAGY JAMES
ERBS-NAGY LINDA
REGION CODE ADDRESS : 18722 HARMONY CHURCH ROAD
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,515.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.40659
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,527,800.00
P & I AMT: 10,332.70 UPB AMT: 1,520,596.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031818438 MORTGAGORS: CARNIOL BURTON
ESPALDON KAREN
REGION CODE ADDRESS : 1223 CARPERS FARM WAY
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,696.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031834781 MORTGAGORS: STROIN JOSEPH
STROIN LAUREN
REGION CODE ADDRESS : 30 TWIN LAKES DRIVE
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,741.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.95000
----------------------------------------------------------------------------
0 0031836562 MORTGAGORS: CHOU CHENGKUO
CHOU PEIPEI
REGION CODE ADDRESS : 350 ROBINWOOD LANE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 616,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 615,519.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,202.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.47000
----------------------------------------------------------------------------
0 0031839111 MORTGAGORS: IMMESBERGER WALTER
IMMESBERGER JEAN
REGION CODE ADDRESS : 57 WATERMAN AVENUE
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,798.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,892.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 61.11100
----------------------------------------------------------------------------
0 0031842305 MORTGAGORS: ORR TIMOTHY
JAFFEE ORR J.
REGION CODE ADDRESS : 25731 EMPRESA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,349.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 86.95600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,169,000.00
P & I AMT: 14,877.87 UPB AMT: 2,165,104.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031842560 MORTGAGORS: KO CHERYL
REGION CODE ADDRESS : 2852 HOLLYRIDGE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,498.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031844152 MORTGAGORS: LEDERMAN MARVIN
LEDERMAN GILDA
REGION CODE ADDRESS : 231 MAMARONECK ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,507.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.65300
----------------------------------------------------------------------------
0 0031847460 MORTGAGORS: SCHROEDER SCOTT
SCHROEDER DARLENE
REGION CODE ADDRESS : 120 PHEASANT FIELDS LANE
01 CITY : MORRESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 740,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 737,046.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,954.21 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 68.45300
----------------------------------------------------------------------------
0 0031848658 MORTGAGORS: HEANEY FRANCIS
HANLON LAURA
REGION CODE ADDRESS : 167 SCOTLAND ROAD
01 CITY : NEWBURY
STATE/ZIP : MA 01951
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,002.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.23000
----------------------------------------------------------------------------
0 0031851298 MORTGAGORS: MACHADO MICHAEL
MACHADO NANCY
REGION CODE ADDRESS : 203 ALLAN LANE
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,529.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 50.18800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,042,000.00
P & I AMT: 14,601.82 UPB AMT: 2,035,583.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031852296 MORTGAGORS: RICHTER STEFAN
RICHTER NANCY
REGION CODE ADDRESS : 159 DUNBAR RD
01 CITY : PALM BEACH
STATE/ZIP : FL 33480
MORTGAGE AMOUNT : 795,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 790,437.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,156.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 250
LTV : 47.46200
----------------------------------------------------------------------------
0 0031853260 MORTGAGORS: KAHANER DAVID
KAHANER LOUISE
REGION CODE ADDRESS : 8604 GARFIELD STREET
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,518.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031856750 MORTGAGORS: SAENZ JAIME
SAENZ ANNETTE
REGION CODE ADDRESS : 15 MESQUITE BRANCH
01 CITY : BROWNSVILLE
STATE/ZIP : TX 78520
MORTGAGE AMOUNT : 366,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,257.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,562.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.81700
----------------------------------------------------------------------------
0 0031862659 MORTGAGORS: GRIFFIN WILLIAM
GRIFFIN DIANE
REGION CODE ADDRESS : 36 MORGAN DRIVE
01 CITY : METHUEN
STATE/ZIP : MA 01844
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,273.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.99600
----------------------------------------------------------------------------
0 0031862964 MORTGAGORS: PITNEY RICHARD
PITNEY LINDA
REGION CODE ADDRESS : 1736 CORNELL DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 365,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,793.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,522.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,090,200.00
P & I AMT: 13,971.55 UPB AMT: 2,082,280.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031863244 MORTGAGORS: KREFTING ROBERT
KREFTING SALLY
REGION CODE ADDRESS : 4 POWDER HILL ROAD
01 CITY : WACCABUC
STATE/ZIP : NY 10597
MORTGAGE AMOUNT : 524,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,200.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,619.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031865843 MORTGAGORS: CUGLIETTO LOUIS
CUGLIETTO ELAINE
REGION CODE ADDRESS : 260 LAKESHORE DRIVE
01 CITY : PLESANTVILLE
STATE/ZIP : NY 10570
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,206.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031866270 MORTGAGORS: CHANG CHRISTOPHER
SIAUW SUSAN
REGION CODE ADDRESS : 11202 BAY LAUREL STREET
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,728.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.66000
----------------------------------------------------------------------------
0 0031866643 MORTGAGORS: HERNANDEZ JAIME
HERNANDEZ MARIA
REGION CODE ADDRESS : 2407 ELKINS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 244,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,944.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031870785 MORTGAGORS: ABRAHAM A.
ABRAHAM ANDREA
REGION CODE ADDRESS : 382 NORTH BEDFORD ROAD
01 CITY : NEW CASTLE
STATE/ZIP : NY 10514
MORTGAGE AMOUNT : 522,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,622.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,694.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.04900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,893,025.00
P & I AMT: 13,218.58 UPB AMT: 1,890,702.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031874373 MORTGAGORS: SARKIS ROBERT
SARKIS SYLVIE
REGION CODE ADDRESS : 2521 RIDGEBROOK PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,284.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031879919 MORTGAGORS: PATEL SUNIL
PATEL TANVI
REGION CODE ADDRESS : 12 WINSTON COURT,
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,283.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031880016 MORTGAGORS: SHAKKNOVICH EUGENE
SHAKHNOVICH MARSHA
REGION CODE ADDRESS : 81 SHADE STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,402.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,334.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------------------
0 0031881402 MORTGAGORS: GREEN BRENDA
COOPER GARY
REGION CODE ADDRESS : 18842 FARNHAM COURT
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 260,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,931.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------------------
0 0031883978 MORTGAGORS: BLUM STEVEN
BLUM MICHELLE
REGION CODE ADDRESS : 6919 ROYAL ORCHID CIRCLE
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33446
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,424.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 77.90475
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,746,650.00
P & I AMT: 11,968.78 UPB AMT: 1,743,326.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031886047 MORTGAGORS: DANIEL JOHN
DANIEL CATHERINE
REGION CODE ADDRESS : 5 BOWDOIN ROAD
01 CITY : WELLESLEY HILLS
STATE/ZIP : MA 02481
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,225.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 49.76500
----------------------------------------------------------------------------
0 0031889611 MORTGAGORS: ELLETT SAMUEL
ELLETT BEATRICE
REGION CODE ADDRESS : 2296 SAVANNAH LANE
01 CITY : LEXINGTON
STATE/ZIP : KY 40513
MORTGAGE AMOUNT : 381,040.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,711.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031889728 MORTGAGORS: MURAYAMA RONALD
REGION CODE ADDRESS : 25551 TERRENO DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,530.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031892078 MORTGAGORS: ROYBALL JOHN
ROYBALL ROSALINDA
REGION CODE ADDRESS : 8827 BURNT SPUR CT
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 342,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,632.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,394.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031892243 MORTGAGORS: LEHMAN MAURELE
REGION CODE ADDRESS : 211 SOUTH GUADALUPE AVENUE #4
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,856.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.98400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,580,440.00
P & I AMT: 10,490.96 UPB AMT: 1,577,957.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031894223 MORTGAGORS: ZERA-YOHANNES SEBLU
GIRMA HIYWOT
REGION CODE ADDRESS : 15304 RIDING PATH COURT
01 CITY : LAUREL
STATE/ZIP : MD 20707
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 : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------------------
0 0031894934 MORTGAGORS: LOUDEN KENNETH
BARRETT MARGRETH
REGION CODE ADDRESS : 1227 OAK STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 525,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,388.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,452.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031895733 MORTGAGORS: DANNEWITZ EDWIN
DANNEWITZ KIMBERLY
REGION CODE ADDRESS : 310 W. ROSEWOOD LANE
01 CITY : WALLINGFORD
STATE/ZIP : PA 19086
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,735.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031900251 MORTGAGORS: ANCHETA FREDELINDA
REGION CODE ADDRESS : 5258 WAR WAGON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,808.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.16800
----------------------------------------------------------------------------
0 0031902612 MORTGAGORS: HARTMAN CLAYTON
REGION CODE ADDRESS : 812 WHITEHALL COURT
01 CITY : FORT COLLINS
STATE/ZIP : CO 80526
MORTGAGE AMOUNT : 750,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 746,965.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,052.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 74.85000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,105,600.00
P & I AMT: 14,086.13 UPB AMT: 2,099,685.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031902869 MORTGAGORS: DOWNEY SARA
DOWNEY CHRISTOPHER
REGION CODE ADDRESS : 3714 ABBEYWOOD DRIVE
01 CITY : PEARLAND
STATE/ZIP : TX 77584
MORTGAGE AMOUNT : 274,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,170.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------------------
0 0031904550 MORTGAGORS: MITRA JOY
MITRA RANADHIR
REGION CODE ADDRESS : 704 JADE ROAD
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,734.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 94.87600
----------------------------------------------------------------------------
0 0031904659 MORTGAGORS: PELFINI MICHAEL
PELFINI CHRISTI
REGION CODE ADDRESS : 456 LOMITA AVENUE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031907470 MORTGAGORS: ASKENAZI ADI
ASKENAZI MARY
REGION CODE ADDRESS : 5124 190TH PLACE NORTHEAST
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031911522 MORTGAGORS: BURRELL FREDERICK
BURRELL DALY
REGION CODE ADDRESS : 87 WEST SQUARE DRIVE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 346,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,066.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,507,950.00
P & I AMT: 10,112.10 UPB AMT: 1,506,054.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031911894 MORTGAGORS: KOCH FREDERICK
KOCH STEPHANIE
REGION CODE ADDRESS : 510 MT. VERNON ROAD
01 CITY : SOUTHINGTON
STATE/ZIP : CT 06489
MORTGAGE AMOUNT : 777,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 775,980.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,769.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 54.98900
----------------------------------------------------------------------------
0 0031912470 MORTGAGORS: LEE JIN
LEE SEONG
REGION CODE ADDRESS : 811 SYCAMORE DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,410.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.82900
----------------------------------------------------------------------------
0 0031913015 MORTGAGORS: GRODJESK DONNA
REGION CODE ADDRESS : 12750 SUNDANCE LANE
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,474.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031913239 MORTGAGORS: LANTHORN WILLIAM
LANTHORN BEVERLY
REGION CODE ADDRESS : 5650 178TH AVENUE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 376,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,298.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.10100
----------------------------------------------------------------------------
0 0031913379 MORTGAGORS: IMAI HIROYUKI
IMAI CHIAKI
REGION CODE ADDRESS : 2508 W. 234TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,765.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.91500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,125,600.00
P & I AMT: 14,800.55 UPB AMT: 2,122,928.86
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031914583 MORTGAGORS: KATYAL ASHOK
KATYAL ANJANA
REGION CODE ADDRESS : 6406 TOPMAST DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 364,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,314.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.48900
----------------------------------------------------------------------------
0 0031914708 MORTGAGORS: BEAKLEY JAMES
BEAKLEY ANNA
REGION CODE ADDRESS : 782 TRUENO AVENUE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,960.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031914765 MORTGAGORS: MATHEWS DAVID
MATHEWS MIMI
REGION CODE ADDRESS : 8830 EAST FOXHOLLOW DR
01 CITY : ANAHAEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031915234 MORTGAGORS: NOLAN JOHN
NOLAN ANN
REGION CODE ADDRESS : 198 COUNTRY CLUB DRIVE #12
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89540
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,956.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.18700
----------------------------------------------------------------------------
0 0031917081 MORTGAGORS: SCHNEIDER EDDY
SCHNEIDER PATRICE
REGION CODE ADDRESS : 911 RIVER KNOLL COURT
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,274.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,750,600.00
P & I AMT: 11,895.82 UPB AMT: 1,748,292.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031918725 MORTGAGORS: BURKE KEVIN
BURKE TERESA
REGION CODE ADDRESS : 1117 CLUB HOUSE ROAD
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,425.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,016.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------------------
0 0031919640 MORTGAGORS: HOWARD-JONES CAROLYN
REGION CODE ADDRESS : 1520 GRADY PLACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,680.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,128.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.92800
----------------------------------------------------------------------------
0 0031920135 MORTGAGORS: CARSON EMMETT
CARSON JACQUELINE
REGION CODE ADDRESS : 5230 GREEN FARMS ROAD
01 CITY : EDINA
STATE/ZIP : MN 55435
MORTGAGE AMOUNT : 436,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,150.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,940.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031920291 MORTGAGORS: KILB JERRY
KILB BEVERLY
REGION CODE ADDRESS : 36015 NE 31ST CIRCLE
01 CITY : WASHOUGAL
STATE/ZIP : WA 98671
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031920747 MORTGAGORS: FRIEDMAN ERIC
BASSETT LAURA
REGION CODE ADDRESS : 209 NORTH TERRACE VIEW DRIVE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,125.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,884,900.00
P & I AMT: 13,030.70 UPB AMT: 1,883,176.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031922800 MORTGAGORS: DAVIS DONALD
DAVIS SHARON
REGION CODE ADDRESS : 109 ELECTRIC AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,688.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------------------
0 0031922891 MORTGAGORS: STRAUS JOSEPH
STRAUS JUDITH
REGION CODE ADDRESS : 2205 VINA DEL MAR #301
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,705.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------------------
0 0031922982 MORTGAGORS: HARRIS WILLIAM
HARRIS ROBERTA
REGION CODE ADDRESS : 770 DOVE RUN CIRCLE
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 437,280.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,561.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,909.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------------------
0 0031923212 MORTGAGORS: SHARMA PRABODH
SHARMA PUNITA
REGION CODE ADDRESS : 2 STEPHANS LANE
01 CITY : DEDHAM
STATE/ZIP : MA 02026
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,767.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031923444 MORTGAGORS: MULLIN ROBERT
SINGER KAREN
REGION CODE ADDRESS : 110 HIGHLAND STREET
01 CITY : NEWTON
STATE/ZIP : MA 02465
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,215.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,822.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 76.59500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,977,280.00
P & I AMT: 13,309.94 UPB AMT: 1,974,938.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031923923 MORTGAGORS: COWAN PAMELA
REGION CODE ADDRESS : 33 AUTUMNWOOD DRIVE
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,995.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031924137 MORTGAGORS: MAROTTA SALVATORE
MAROTTA GINA
REGION CODE ADDRESS : 16 INDIA ROCK DRIVE
01 CITY : SAUGASU
STATE/ZIP : MA 01906
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 : 01/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.97700
----------------------------------------------------------------------------
0 0031924301 MORTGAGORS: HOLLAND DANNY
HOLLAND DEBBIE
REGION CODE ADDRESS : 6071 MEDFORD DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------------------
0 0031924871 MORTGAGORS: INGRAM STEPHEN
INGRAM SUZANNE
REGION CODE ADDRESS : 2 BUTTONWOOD DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,508.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,297.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.83237
----------------------------------------------------------------------------
0 0031924939 MORTGAGORS: CHEN TING
CHEN JEFFERSON
REGION CODE ADDRESS : 22 HIGHCREST LANE
01 CITY : SOUTH SAN FANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 312,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,986.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,787,700.00
P & I AMT: 12,290.44 UPB AMT: 1,785,858.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031925522 MORTGAGORS: MOLINA RUBEN
MOLINA LORNA
REGION CODE ADDRESS : 64 LONGWOOD COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 367,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,300.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.05900
----------------------------------------------------------------------------
0 0031926603 MORTGAGORS: SINCLAIR ERIC
SINCLAIR JENNIFER
REGION CODE ADDRESS : 1006-1008 SOUTH IDAHO STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,751.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.25800
----------------------------------------------------------------------------
0 0031926975 MORTGAGORS: WHITE ROBERT
WHITE VALERIE
REGION CODE ADDRESS : 1419 WENCHELSA ROAD
01 CITY : GREENSBORO
STATE/ZIP : NC 27410
MORTGAGE AMOUNT : 282,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,446.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------------------
0 0031927205 MORTGAGORS: KRINGEN MICHAEL
KRINGEN KARLA
REGION CODE ADDRESS : 8540 EAST MCDOWELL ROAD #59
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,649.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,847.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------------------
0 0031927361 MORTGAGORS: MERRIAM KATHRYN
SHIOTA ERIK
REGION CODE ADDRESS : 675 MANDANA BOULEVARD
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 320,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,267.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,717,325.00
P & I AMT: 11,411.01 UPB AMT: 1,715,414.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031927437 MORTGAGORS: BOBBY PAUL
SUK JUENA
REGION CODE ADDRESS : 134 NORTH CHATSWORTH AVE
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 451,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,247.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,080.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031927577 MORTGAGORS: WALTER KEVIN
WALTER KELLY
REGION CODE ADDRESS : 7 OBISPO
01 CITY : RANCHO SANTA MARGARITA AR
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,343.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031929284 MORTGAGORS: MARISCAL RICARDO
MARISCAL ELVIA
REGION CODE ADDRESS : 1669 NORTH 2ND STREET
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,556.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 86.79800
----------------------------------------------------------------------------
0 0031929300 MORTGAGORS: BREUIL ROBERT
REGION CODE ADDRESS : 36382 CRYSTAL SPRINGS COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 382,840.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,225.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031929581 MORTGAGORS: LYNCH FRANCIS
LYNCH ALICE
REGION CODE ADDRESS : 2441 N. COTTAGE HILL DR.
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,852.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,712,640.00
P & I AMT: 11,484.52 UPB AMT: 1,710,226.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031929870 MORTGAGORS: MCCANN RAYMOND
MCCANN JACKIE
REGION CODE ADDRESS : 43950 CHELTENHAM CIRCLE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,501.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
0 0031930621 MORTGAGORS: PALMQUIST JEFFREY
PALMQUIST JANET
REGION CODE ADDRESS : 2 SWALLOWS LANE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,759.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------------------
0 0031930969 MORTGAGORS: LEFEVER MARK
LEFEVER DEANNA
REGION CODE ADDRESS : 758 LARCHMONT STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,076.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.16400
----------------------------------------------------------------------------
0 0031931157 MORTGAGORS: MAROOFI G
MAROOFI FATEMEH
REGION CODE ADDRESS : 2 NORTH KNOLL ROAD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,383.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------------------
0 0031931231 MORTGAGORS: THOMPSON ELISA
REGION CODE ADDRESS : 217 ADA AVENUE #30
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,299.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.76400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,600,700.00
P & I AMT: 10,879.49 UPB AMT: 1,596,020.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031931785 MORTGAGORS: YUFFEE TODD
YUFFEE JAN
REGION CODE ADDRESS : 2517 SAINT GEORGE WAY
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20883
MORTGAGE AMOUNT : 327,113.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,056.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------------------
0 0031932130 MORTGAGORS: DAY JAMES
ROSS S
REGION CODE ADDRESS : 3274 RISING STAR AVENUE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,525.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.40900
----------------------------------------------------------------------------
0 0031932197 MORTGAGORS: ADDINGTON RONALD
ADDINGTON ELDA
REGION CODE ADDRESS : 2227 WOODDUCK COURT
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94579
MORTGAGE AMOUNT : 256,452.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,251.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.40400
----------------------------------------------------------------------------
0 0031932288 MORTGAGORS: SURQUIA JOSE
SURQUIA VICTORIA
REGION CODE ADDRESS : 12210 MANNIX ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,544.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031932478 MORTGAGORS: MCKEE WILLIAM
REGION CODE ADDRESS : 12602 BEAR CREEK TERRACE
01 CITY : BELTSVILLE
STATE/ZIP : MD 20705
MORTGAGE AMOUNT : 266,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,497.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,430,265.00
P & I AMT: 9,647.95 UPB AMT: 1,427,875.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031932858 MORTGAGORS: TZONEV SVILEN
REGION CODE ADDRESS : 1961 SEABEE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031933427 MORTGAGORS: HAUSER PETER
HAUSER MARIANNE
REGION CODE ADDRESS : 2045 VISTA CAJON
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,996.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 71.93800
----------------------------------------------------------------------------
0 0031933708 MORTGAGORS: ZENGER DAVID
ZENGER SUSAN
REGION CODE ADDRESS : L-56 DEBRA DRIVE
01 CITY : ESSEX
STATE/ZIP : VT 05451
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,566.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.67400
----------------------------------------------------------------------------
0 0031934334 MORTGAGORS: KAPLAN ELLIOT
REGION CODE ADDRESS : 187 WOODWARD STREET
01 CITY : NEWTON
STATE/ZIP : MA 02468
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,709.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031934359 MORTGAGORS: KUPERSTEIN DANIEL
KUPERSTEIN LYNNE
REGION CODE ADDRESS : 6 POWDERMILL LANE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,792.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,492,000.00
P & I AMT: 10,081.98 UPB AMT: 1,489,839.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031935513 MORTGAGORS: GOLDSTEIN LAWRENCE
TENEYCK-GOLDSTEIN LINDA
REGION CODE ADDRESS : 18 EDGEMERE STREET
01 CITY : PELHAM
STATE/ZIP : NY 10803
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,720.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031935653 MORTGAGORS: MCCOMBIE PATRICIA
HILL WALTER
REGION CODE ADDRESS : 5020 WAPLE LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 265,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,215.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
0 0031936263 MORTGAGORS: GOUVEIA ANTHONY
REGION CODE ADDRESS : 1306 SASSAFRASS STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,560.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.50300
----------------------------------------------------------------------------
0 0031936461 MORTGAGORS: MORENO KAREN
REGION CODE ADDRESS : 4706 REEDLY TERRACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,636.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.76800
----------------------------------------------------------------------------
0 0031936511 MORTGAGORS: STARKEY CHRISTOPHER
STARKEY LISA
REGION CODE ADDRESS : 7010 NORTH 173RD AVENUE
01 CITY : WADDELL
STATE/ZIP : AZ 85355
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,744.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,696,450.00
P & I AMT: 11,460.26 UPB AMT: 1,694,878.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031937030 MORTGAGORS: CARPENTER JAMES
CARPENTER LARA
REGION CODE ADDRESS : 38 GREENLEAF FARMS ROAD
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 390,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,887.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,628.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.17900
----------------------------------------------------------------------------
0 0031937535 MORTGAGORS: SMITH JAMES
SMITH ANNETTE
REGION CODE ADDRESS : 7733 ATRON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 386,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,297.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------------------
0 0031937600 MORTGAGORS: ROBIDA JOHN
ROBIDA MARIA
REGION CODE ADDRESS : 12521 N.W. 60 PLACE
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33065
MORTGAGE AMOUNT : 287,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,586.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------------------
0 0031937717 MORTGAGORS: BLACKBURN KENNETH
BLACKBURN MINDEN
REGION CODE ADDRESS : 28432 VIA MAMBRINO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,730.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 35.47300
----------------------------------------------------------------------------
0 0031937865 MORTGAGORS: LAWLOR MARY
SULLIVAN JAMES
REGION CODE ADDRESS : 51 CRESCENT PLACE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,699.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.10300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,796,950.00
P & I AMT: 12,181.79 UPB AMT: 1,795,201.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031938822 MORTGAGORS: NAZARIAN ALBERT
NAZARIAN ANITA
REGION CODE ADDRESS : 123 SHREWSBURY DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,150.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,140.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------------------
0 0031939473 MORTGAGORS: FISHER MICHAEL
GIUNTOLI-FISHER MARIA
REGION CODE ADDRESS : 165 THORNE GROVE DRIVE
01 CITY : VERNON HILLS
STATE/ZIP : IL 60061
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,796.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.51500
----------------------------------------------------------------------------
0 0031939796 MORTGAGORS: TUCKER DOUGLAS
TUCKER DINA
REGION CODE ADDRESS : 2 KINGSBROOK COURT
01 CITY : TWP. OF RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,424.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 65.69300
----------------------------------------------------------------------------
0 0031940547 MORTGAGORS: ALLEN JAMES
ALLEN DEBRA
REGION CODE ADDRESS : 3310 KELLY CREEK ROAD
01 CITY : MOODY
STATE/ZIP : AL 35004
MORTGAGE AMOUNT : 392,685.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,023.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.74700
----------------------------------------------------------------------------
0 0031941529 MORTGAGORS: YEH JEROME
YEH JENNY
REGION CODE ADDRESS : 317 WORTHING LANE
01 CITY : MCDONOUGH
STATE/ZIP : GA 30253
MORTGAGE AMOUNT : 457,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,505.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 61.87800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,140,585.00
P & I AMT: 14,788.87 UPB AMT: 2,137,899.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031941628 MORTGAGORS: MOUCHANTAT RICHARD
MOUCHANTAT JENNIFER
REGION CODE ADDRESS : 1165 SOUTH WILLIAMS STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.31500
----------------------------------------------------------------------------
0 0031941859 MORTGAGORS: CARLSON RICHARD
CARLSON BRENDA
REGION CODE ADDRESS : 910 NORTH LAKESHORE DR. #2319
01 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031942196 MORTGAGORS: REISER GERARD
REISER TAIA
REGION CODE ADDRESS : 17146 NORTHEAST 84TH STREET
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,885.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031942972 MORTGAGORS: BLABER PAUL
BLABER MARIAN
REGION CODE ADDRESS : 12 HIGH RIDGE ROAD
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,763.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031943368 MORTGAGORS: MITCHELL YOLANDA
MITCHELL MICHAEL
REGION CODE ADDRESS : 17200 ASPEN LEAF DRIVE
01 CITY : BOWIE
STATE/ZIP : MD 20716
MORTGAGE AMOUNT : 267,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,954.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,378,850.00
P & I AMT: 9,222.65 UPB AMT: 1,376,942.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031943442 MORTGAGORS: BAISCH KENNETH
BAISCH INGRID
REGION CODE ADDRESS : 2124 UPAS STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92104
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,576.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------------------
0 0031943806 MORTGAGORS: SKOW NATHAN
SKOW LUANNE
REGION CODE ADDRESS : 4530 SILVER BELL CIRCLE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,318.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031943848 MORTGAGORS: STEINER STEPHAN
STEINER THERESA
REGION CODE ADDRESS : 1320 SOUTH GOLDEN VISTA DRIVE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.20500
----------------------------------------------------------------------------
0 0031943897 MORTGAGORS: MC ANLIS STEVE
MC ANLIS CHRISTINE
REGION CODE ADDRESS : 23412 VIA ALONDRA
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,757.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.71400
----------------------------------------------------------------------------
0 0031944119 MORTGAGORS: MCCAMMOND JOHN
MCCAMMOND LINDA
REGION CODE ADDRESS : 11 POND STREET
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,735.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,609,000.00
P & I AMT: 10,614.28 UPB AMT: 1,606,815.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031944846 MORTGAGORS: MCQUILLEN KEITH
MARTIN TANIA
REGION CODE ADDRESS : 137 COYOTE COURT
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.90400
----------------------------------------------------------------------------
0 0031944887 MORTGAGORS: DEMSHAR JOSEPH
DEMONTIGNY DEENA
REGION CODE ADDRESS : 20 WEST STREET
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,297.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031945009 MORTGAGORS: CONROY MICHAEL
UPHAM-CONROY LAURA
REGION CODE ADDRESS : 7247 EAST CRIOLLO CIRCLE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,456.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031945231 MORTGAGORS: MURPHY GEORGE
MURPHY MEGAN
REGION CODE ADDRESS : 2431 267TH COURT SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 367,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,655.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------------------
0 0031945256 MORTGAGORS: LEAVITT RICHARD
LEAVITT SUSAN
REGION CODE ADDRESS : 50 FOREST STREET
01 CITY : MANCHESTER-BY-THE-SEA
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 333,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,940.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.90400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,598,650.00
P & I AMT: 10,921.55 UPB AMT: 1,597,130.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031945306 MORTGAGORS: WEYTHMAN VINCENT
GARNIER-WEYTHMAN SUZANNE
REGION CODE ADDRESS : 16 EASTRIDGE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 359,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,926.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031945348 MORTGAGORS: O'KEEFE DENNIS
O'KEEFE CLAUDIA
REGION CODE ADDRESS : 5136 MIDDLETOWN ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,399.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.34700
----------------------------------------------------------------------------
0 0031945371 MORTGAGORS: LUTCH SCOTT
LUTCH PATRICIA
REGION CODE ADDRESS : 440 HARLAND STREET
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,686.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.37300
----------------------------------------------------------------------------
0 0031946023 MORTGAGORS: BOWSER ROMAN
REGION CODE ADDRESS : 324 26TH PLACE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,213.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.23000
----------------------------------------------------------------------------
0 0031946098 MORTGAGORS: FORSBERG PETER
FORSBERG KIMBERLY
REGION CODE ADDRESS : 555 ALDEN LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,227.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,692.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.93900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,945,200.00
P & I AMT: 12,960.55 UPB AMT: 1,942,454.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031946734 MORTGAGORS: SINGH ANOOPUM
THAKAR NEERA
REGION CODE ADDRESS : 75 NORTH WATERTREE LANE
01 CITY : WOODLANDS
STATE/ZIP : TX 77380
MORTGAGE AMOUNT : 419,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,790.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,968.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031947328 MORTGAGORS: BARNETT JOHN
BARNETT IRENE
REGION CODE ADDRESS : 14785 COOL VALLEY RANCH ROAD
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,266.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.35900
----------------------------------------------------------------------------
0 0031947492 MORTGAGORS: TURNER JEFFREY
TURNER CHERYL
REGION CODE ADDRESS : 8605 RAINTREE HILL
01 CITY : FAIR OAKS RANCH
STATE/ZIP : TX 78015
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,680.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.10500
----------------------------------------------------------------------------
0 0031949084 MORTGAGORS: CONOVER WAYNE
CONOVER GAYLE
REGION CODE ADDRESS : 6 EAST 23RD STREET
01 CITY : BARNEGAT LIGHT
STATE/ZIP : NJ 08006
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,404.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031949332 MORTGAGORS: HARLOW EVERETT
HARLOW DIANA
REGION CODE ADDRESS : 724 BRIDGE LANE
01 CITY : NEWCASTLE
STATE/ZIP : CA 95658
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,454.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,150.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 55.25000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,692,000.00
P & I AMT: 11,479.58 UPB AMT: 1,689,597.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031949340 MORTGAGORS: MANNELL KEVIN
CHOE MIN-HEE
REGION CODE ADDRESS : 1804 BELLA VISTA WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,787.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.99200
----------------------------------------------------------------------------
0 0031949431 MORTGAGORS: LURKER DAVID
REGION CODE ADDRESS : 29025 PINTAIL CIRCLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 396,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,975.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.35800
----------------------------------------------------------------------------
0 0031949464 MORTGAGORS: BROWN TODD
HAUGEJORDEN-BROWN SHERRY
REGION CODE ADDRESS : 108 MICHAEL WAY
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,595.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031949720 MORTGAGORS: GLASBERG JEFFREY
GLASBERG MICHELE
REGION CODE ADDRESS : 64 PLANTERS ROW
01 CITY : SKILLMAN
STATE/ZIP : NJ 08858
MORTGAGE AMOUNT : 381,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,323.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031950116 MORTGAGORS: BROWN MICHAEL
ABERCROMBIE SUZANNE
REGION CODE ADDRESS : 639 SERRANO LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,778.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,621,900.00
P & I AMT: 11,197.35 UPB AMT: 1,620,459.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031950330 MORTGAGORS: CHOCHOLEK KENNETH
CHOCHOLEK JENNIFER
REGION CODE ADDRESS : 5408 EAU CLAIRE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,803.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.20800
----------------------------------------------------------------------------
0 0031950348 MORTGAGORS: PARDI RICHARD
PARDI ELIZABETH
REGION CODE ADDRESS : 26 WASHINGTON STREET
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 533,676.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,559.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 35.66666
----------------------------------------------------------------------------
0 0031951130 MORTGAGORS: STARK JOSEPH
REGION CODE ADDRESS : 5 HIGH ROCK LANE
01 CITY : NEWFIELDS
STATE/ZIP : NH 03856
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,740.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.60600
----------------------------------------------------------------------------
0 0031951221 MORTGAGORS: HEIDE THOMAS
HEIDE JENNIFER
REGION CODE ADDRESS : 115 CARRIAGE DRIVE
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 437,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,641.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,907.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.62500
----------------------------------------------------------------------------
0 0031951262 MORTGAGORS: NORD GARY
NORD CYNTHIA
REGION CODE ADDRESS : 7312 RIO HONDO PLACE
01 CITY : DOWNEY
STATE/ZIP : CA 90241
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,296.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,847.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.33300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,989,000.00
P & I AMT: 13,350.00 UPB AMT: 1,986,159.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031951270 MORTGAGORS: SALAZAR JOE
SALAZAR BARBARA
REGION CODE ADDRESS : 13023 POINT REYES PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,096.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.82100
----------------------------------------------------------------------------
0 0031951296 MORTGAGORS: WOOTTON BARRY
WOOTTON TERESA
REGION CODE ADDRESS : 99 UPLAND ROAD
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 870,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 869,286.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,788.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 68.23500
----------------------------------------------------------------------------
0 0031951312 MORTGAGORS: GORDON KERRY
GORDON MIKEL
REGION CODE ADDRESS : 5328 BUNKER COURT
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,136.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,242.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------------------
0 0031951502 MORTGAGORS: STONE ELLIOTT
STONE PATRICIA
REGION CODE ADDRESS : 2521 HORTON DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,776.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.90100
----------------------------------------------------------------------------
0 0031951742 MORTGAGORS: SARNOWSKI DAVID
SARNOWSKI LISA
REGION CODE ADDRESS : 17192 PATINA STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 351,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,075.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.99700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,245,850.00
P & I AMT: 14,938.64 UPB AMT: 2,243,372.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031951940 MORTGAGORS: KNAPP GREGORY
REGION CODE ADDRESS : 225 HEREDIA COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 318,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,301.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------------------
0 0031951999 MORTGAGORS: TOWNE CHARLES
TOWNE NANCY
REGION CODE ADDRESS : 1402 BERNITA WAY
01 CITY : EL CAJON
STATE/ZIP : CA 92020
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031952005 MORTGAGORS: AIREY RONALD
AIREY JOYCE
REGION CODE ADDRESS : 564 STOCKETTS RUN ROAD
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,748.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.43396
----------------------------------------------------------------------------
0 0031952526 MORTGAGORS: WILDEY PAUL
LYNCH MARY
REGION CODE ADDRESS : 1735 TOWNPOINT ROAD
01 CITY : CHESAPEAKE CITY
STATE/ZIP : MD 21915
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,153.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031952583 MORTGAGORS: PANDYA HARISH
PANDYA CHARULATA
REGION CODE ADDRESS : 59 CRESTWOOD ST
01 CITY : PISCATAWAY
STATE/ZIP : NJ 08854
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,144.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,463,550.00
P & I AMT: 9,880.73 UPB AMT: 1,461,081.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031952666 MORTGAGORS: SINGLETON THEODORE
SINGLETON LOREN
REGION CODE ADDRESS : 7 BLACKWELL COURT
01 CITY : POMONA
STATE/ZIP : NY 10970
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,093.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031952708 MORTGAGORS: LOREY DAVID
LOREY CAROLINE
REGION CODE ADDRESS : 1490 VIA CORONA
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,763.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031952856 MORTGAGORS: CAMERON CLARK
CAMERON MARCY
REGION CODE ADDRESS : 24154 LANCE PLACE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,729.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.04100
----------------------------------------------------------------------------
0 0031952963 MORTGAGORS: VOORHEES THOMAS
VOORHEES PATRICIA
REGION CODE ADDRESS : 11982 WINDOM PEAK WAY,
01 CITY : SAN DIEGO,
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------------------
0 0031952989 MORTGAGORS: CYR MYLES
REGION CODE ADDRESS : 11570 SW 95 AVENUE,
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,356.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,576,300.00
P & I AMT: 10,567.83 UPB AMT: 1,574,703.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031952997 MORTGAGORS: ALMQUIST HOWARD
ALMQUIST REBECCA
REGION CODE ADDRESS : 2130 NW 201ST
01 CITY : SHORELINE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,734.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 40.70900
----------------------------------------------------------------------------
0 0031953029 MORTGAGORS: JOHNSTON JEFFERY
JOHNSTON VALARIE
REGION CODE ADDRESS : 2941 EAST WYECLIFFWAY
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
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 : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031953300 MORTGAGORS: HIGGINS JAMES
HIGGINS YVONNE
REGION CODE ADDRESS : 820 CALLE DEL NORTE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
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 : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.79200
----------------------------------------------------------------------------
0 0031953367 MORTGAGORS: LEACH JAMES
LEACH LYNNE
REGION CODE ADDRESS : 826 DEWITT AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,639.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,927.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031953748 MORTGAGORS: KANNAN NIRMALA
KANNAN KAMAL
REGION CODE ADDRESS : 1912 ABREU WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 327,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,184.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,626,750.00
P & I AMT: 10,646.94 UPB AMT: 1,625,087.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031953771 MORTGAGORS: BERMAN STEVEN
BERMAN GITA
REGION CODE ADDRESS : 160 SHERIDAN POINT LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,713.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------------------
0 0031953862 MORTGAGORS: VALLE HERMINGILDO
REGION CODE ADDRESS : 32 VISTA COURT
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,731.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031954217 MORTGAGORS: CAMPAGNA GLENN
CAMPAGNA LOIS
REGION CODE ADDRESS : 3295 RISING STAR
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,722.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.13700
----------------------------------------------------------------------------
0 0031954241 MORTGAGORS: SCHICK GREGORY
REGION CODE ADDRESS : 5375 ASPENWOOD CT
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 324,576.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,055.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0031954811 MORTGAGORS: HECK WAYNE
HECK CATHERINE
REGION CODE ADDRESS : 201 VIA RAVENNA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 644,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 643,522.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,502.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,984,576.00
P & I AMT: 13,449.79 UPB AMT: 1,982,744.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031954928 MORTGAGORS: CALDWELL WILLIAM
CALDWELL SUSAN
REGION CODE ADDRESS : 22907 OXNARD STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 465,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,171.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,334.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.88800
----------------------------------------------------------------------------
0 0031954993 MORTGAGORS: GOODFADER ROBERT
GOODFADER MARY
REGION CODE ADDRESS : 800 PACIFIC AVENUE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,635.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.76900
----------------------------------------------------------------------------
0 0031955214 MORTGAGORS: EDELBROCK ROBERT
EDELBROCK MARIAN
REGION CODE ADDRESS : 1624 MALDEN STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,337.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,352.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031955313 MORTGAGORS: VALENCIA NONA
VALENCIA PERRY
REGION CODE ADDRESS : 1548 HERMOCILLA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95116
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,402.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------------------
0 0031955487 MORTGAGORS: FINN LAWRENCE
FINN CAROLE
REGION CODE ADDRESS : 4518 WAYNE ROAD
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,692.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.47900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,030,300.00
P & I AMT: 14,110.01 UPB AMT: 2,028,238.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031955792 MORTGAGORS: DRISCOLL JOHN
DRISCOLL KATHLEEN
REGION CODE ADDRESS : 2123 HOMET ROAD,
01 CITY : SAN MARINO,
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.42000
----------------------------------------------------------------------------
0 0031955842 MORTGAGORS: SMITH LEIGH
GICKING JAMES
REGION CODE ADDRESS : 122 FISHERS ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.38400
----------------------------------------------------------------------------
0 0031955859 MORTGAGORS: CHIU PETER
CHIU ELISA
REGION CODE ADDRESS : 58 MORTON STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,762.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.03100
----------------------------------------------------------------------------
0 0031955941 MORTGAGORS: GARTMANN ACHIM
GARTMANN PATRICIA
REGION CODE ADDRESS : 5400 OCCIDENTAL ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,720.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.83000
----------------------------------------------------------------------------
0 0031956436 MORTGAGORS: MIROLLA TODD
MIROLLA NANETTE
REGION CODE ADDRESS : 5360 CANDELABRA PLACE
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,637.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,172.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,676,000.00
P & I AMT: 11,251.67 UPB AMT: 1,674,649.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031957285 MORTGAGORS: VELAZCO EDUARDO
REGION CODE ADDRESS : 2645 S. BAYSHORE DR., #1504,
01 CITY : COCONUT GROVE
STATE/ZIP : FL 33133
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,155.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031957293 MORTGAGORS: SHUTTLEWORTH PAUL
REGION CODE ADDRESS : 38 HIGHCREST LANE
01 CITY : SAN FRANCISCO SOUTH
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 275,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,074.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.95400
----------------------------------------------------------------------------
0 0031957459 MORTGAGORS: GULLEDGE JAMES
GULLEDGE KRISTINA
REGION CODE ADDRESS : 2057 CLEVELAND STREET EXT.
01 CITY : GREENVILLE
STATE/ZIP : SC 29607
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.65000
----------------------------------------------------------------------------
0 0031957749 MORTGAGORS: TELERANT DAVID
TELERANT ESTHER
REGION CODE ADDRESS : 4444 DEMPSEY AVENUE
01 CITY : (ENCINO AREA) LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,642.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.96200
----------------------------------------------------------------------------
0 0031957863 MORTGAGORS: MERKERT GEORGE
RIOTH LILA
REGION CODE ADDRESS : 10870 WELLWORTH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 349,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,925.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.41000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,862,300.00
P & I AMT: 12,603.52 UPB AMT: 1,860,532.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031957897 MORTGAGORS: STURLA CATHERINE
REGION CODE ADDRESS : 507 BLOSSOM HILL ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
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 : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031957962 MORTGAGORS: BARRY JULIAN
REGION CODE ADDRESS : 2195 BEVERLY GLEN PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,770.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.65800
----------------------------------------------------------------------------
0 0031958010 MORTGAGORS: OSOFSKY LEWIS
OSOFSKY CAROL
REGION CODE ADDRESS : 13698 MANTECA WAY,
01 CITY : SARATOGA,
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 607,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 607,002.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031958044 MORTGAGORS: STERN CARL
STERN JACQUELINE
REGION CODE ADDRESS : 1101 SOLANA DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,748.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.15300
----------------------------------------------------------------------------
0 0031958275 MORTGAGORS: MYERS LAWRENCE
CARNIGLIA JANET
REGION CODE ADDRESS : 1828 LORNDELL LANE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,190.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,818,900.00
P & I AMT: 12,340.78 UPB AMT: 1,817,464.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031958309 MORTGAGORS: HARTER CARL
HARTER CHERYL
REGION CODE ADDRESS : 3888 WILLOW WAY
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 332,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,652.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------------------
0 0031958390 MORTGAGORS: ISAOGLU VREJ
REGION CODE ADDRESS : 26 DEL PADRE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,779.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.97400
----------------------------------------------------------------------------
0 0031958408 MORTGAGORS: GRIECO MICHAEL
GRIECO LUANN
REGION CODE ADDRESS : 103 WOODCREST TERRACE
01 CITY : AMAWALK
STATE/ZIP : NY 10501
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,755.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.47400
----------------------------------------------------------------------------
0 0031958572 MORTGAGORS: DOW GERALD
DOW MAXINE
REGION CODE ADDRESS : 202 COOPER ROAD,
01 CITY : SANTA BARBARA,
STATE/ZIP : CA 93109
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------------------
0 0031958606 MORTGAGORS: CORTEZ GLEN
CORTEZ MANICAR
REGION CODE ADDRESS : 4299 VERDIGRIS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95134
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,023.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,548,500.00
P & I AMT: 10,462.83 UPB AMT: 1,546,742.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031958697 MORTGAGORS: GILLIAM PENMAN
GILLIAM BILLIE
REGION CODE ADDRESS : 8 SPRING HILL LANE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031958739 MORTGAGORS: PUSCHAK NICHOLAS
PUSCHAK RACHELLE
REGION CODE ADDRESS : 24 SARATOGA CIRCLE
01 CITY : HOLLAND
STATE/ZIP : PA 18966
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,722.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 59.76000
----------------------------------------------------------------------------
0 0031958754 MORTGAGORS: JEMISON CHARLES
JEMISON KIM
REGION CODE ADDRESS : 73 PEOPLES LINE ROAD
01 CITY : FRANKLIN TOWNSHIP
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,370.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.78200
----------------------------------------------------------------------------
0 0031958903 MORTGAGORS: TULIVA GAMU
REGION CODE ADDRESS : 4008 SUMAC DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 32.46700
----------------------------------------------------------------------------
0 0031959182 MORTGAGORS: SCHOONHOVEN SCOTT
ARNOLD SCOTT
REGION CODE ADDRESS : 986 ARCHER STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 294,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,070.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,457,900.00
P & I AMT: 9,791.78 UPB AMT: 1,456,532.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031959984 MORTGAGORS: GIERMANN PATRICIA
REGION CODE ADDRESS : 686 SOUTH ARROYO BOULEVARD
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,635.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.12800
----------------------------------------------------------------------------
0 0031960255 MORTGAGORS: DELEA THOMAS
SINGHAKOWINTA PEARL
REGION CODE ADDRESS : 29 BEACH BLUFF AVENUE
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,954.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031960271 MORTGAGORS: DAVIS GEORGE
REGION CODE ADDRESS : 87 DRAPER ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,703.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------------------
0 0031960370 MORTGAGORS: PINK THOMAS
FRETTER VERA
REGION CODE ADDRESS : 929 SHEVLIN DRIVE
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,598.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.62300
----------------------------------------------------------------------------
0 0031961576 MORTGAGORS: JELLINEK IVAN
REGION CODE ADDRESS : 3312 CABO COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,666.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,025.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,823,200.00
P & I AMT: 12,385.56 UPB AMT: 1,821,558.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031961667 MORTGAGORS: MANWARING KEITH
REGION CODE ADDRESS : 6720 STONEBROOK DRIVE N.
01 CITY : MOBILE
STATE/ZIP : AL 36695
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,753.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.32900
----------------------------------------------------------------------------
0 0031962236 MORTGAGORS: PAEZ ANTONIO
RODONI-PAEZ YVONNE
REGION CODE ADDRESS : 46 SANDALWOOD COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,367.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.19000
----------------------------------------------------------------------------
0 0031962392 MORTGAGORS: ATLASS STEVEN
REGION CODE ADDRESS : 271 GRAYS LANE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,521.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,509.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 49.61500
----------------------------------------------------------------------------
0 0031962921 MORTGAGORS: SAMOIS JAMES
REGION CODE ADDRESS : 1873 SUNSET PLAZA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,712.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,915.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.67800
----------------------------------------------------------------------------
0 0031963119 MORTGAGORS: BABA MOHAMAD
BABA ABIR
REGION CODE ADDRESS : 2748 SOUTH SOMERSET PLACE
01 CITY : ROWLAND HEIGHTS AREA
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,800.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,932,000.00
P & I AMT: 13,503.87 UPB AMT: 1,930,155.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031963267 MORTGAGORS: ROSE DERINGO
ROSE LAURIE
REGION CODE ADDRESS : 3377 AVENIDA NIEVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 381,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,309.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,635.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031963309 MORTGAGORS: ORTIZ DAVID
ORTIZ-MAKITRA KATHERINE
REGION CODE ADDRESS : 206 8TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,638.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,165.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031963382 MORTGAGORS: DE BELLIS ANTHONY
FALLON MELANIE
REGION CODE ADDRESS : 11 RIVA DRIVE
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,236.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031963408 MORTGAGORS: HESS W.
HESS LEE
REGION CODE ADDRESS : 2348 ROUNDHILL DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,126.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------------------
0 0031963457 MORTGAGORS: STANFORD MICHAEL
REGION CODE ADDRESS : 1800 BOLLING PLACE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,947.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,080,600.00
P & I AMT: 14,262.07 UPB AMT: 2,077,257.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031963465 MORTGAGORS: MAY KATHRYN
REGION CODE ADDRESS : 27544 WEST SHORE ROAD
01 CITY : RIM OF THE WORLD AREA
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 351,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,538.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.00900
----------------------------------------------------------------------------
0 0031963481 MORTGAGORS: BEEUWSAERT MICHAEL
BEEUWSAERT LORETTA
REGION CODE ADDRESS : 3032 CALLE FRONTERA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,512.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031963515 MORTGAGORS: COFFEY KYLE
COFFEY KAREN
REGION CODE ADDRESS : 36 EASTBROOK COURT
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,596.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031963549 MORTGAGORS: EDIE WAYNE
EDIE KAREN
REGION CODE ADDRESS : 8 LAKE VIEW DRIVE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 556,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 555,335.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,700.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
0 0031963556 MORTGAGORS: ARNETT WALTER
ARNETT CELIA
REGION CODE ADDRESS : PERRY NEWBERRY WAY 3RD MW OF 6TH WA
01 CITY : CARMEL
STATE/ZIP : CA 93921
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.44100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,766,050.00
P & I AMT: 12,035.05 UPB AMT: 1,763,540.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031963564 MORTGAGORS: HYSEN KURT
HYSEN DEBORAH
REGION CODE ADDRESS : 5607 VIA AVION
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,270.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,426.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.82000
----------------------------------------------------------------------------
0 0031963572 MORTGAGORS: REUBEN LEEDELL
REUBEN SYLVIA
REGION CODE ADDRESS : 8252 SKYLINE CIRCLE
01 CITY : OAKLAND
STATE/ZIP : CA 94605
MORTGAGE AMOUNT : 395,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,165.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,666.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------------------
0 0031963614 MORTGAGORS: THOMAS MARK
KO DERECK
REGION CODE ADDRESS : 8293 SKYLINE CIRCLE
01 CITY : OAKLAND
STATE/ZIP : CA 94605
MORTGAGE AMOUNT : 328,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,633.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------------------
0 0031963705 MORTGAGORS: MALIN STANLEY
MALIN DORIS
REGION CODE ADDRESS : 7754 GRAYSTONE DRIVE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,696.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.35900
----------------------------------------------------------------------------
0 0031963754 MORTGAGORS: MAYZELS ILYA
MAYZELS NINA
REGION CODE ADDRESS : 1478-1480 REEVES STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,426.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.63800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,926,000.00
P & I AMT: 12,934.92 UPB AMT: 1,923,191.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031964091 MORTGAGORS: GRADY PATRICK
REGION CODE ADDRESS : 456 "35TH" STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,714.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.09300
----------------------------------------------------------------------------
0 0031964489 MORTGAGORS: SAMARCO PAUL
BRAHLER SUSAN
REGION CODE ADDRESS : 24 SAXTON DRIVE
01 CITY : HACKETTSTOWN
STATE/ZIP : NJ 07840
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,313.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.97300
----------------------------------------------------------------------------
0 0031964729 MORTGAGORS: ST.GEORGE KENNETH
ST.GEORGE REBECCA
REGION CODE ADDRESS : 1278 VAN DYCK DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,470.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.41000
----------------------------------------------------------------------------
0 0031964745 MORTGAGORS: SHERBURNE ANDREW
SHERBURNE DANETTE
REGION CODE ADDRESS : 7540 MOUNTIAN AVENUE
01 CITY : ORANGEVALE
STATE/ZIP : CA 95662
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,488.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031964752 MORTGAGORS: SWIFT JACK
SWIFT DEBORAH
REGION CODE ADDRESS : 379 EAST 21ST STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,474.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,679,500.00
P & I AMT: 11,714.53 UPB AMT: 1,677,461.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031964794 MORTGAGORS: TROMMLER ROBERT
TROMMLER RENEE
REGION CODE ADDRESS : 2290 DE SUTTER DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92680
MORTGAGE AMOUNT : 299,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,153.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.97700
----------------------------------------------------------------------------
0 0031964935 MORTGAGORS: FEENEY ROBERT
REGION CODE ADDRESS : 3 LAUREEN COURT
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,078.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.60100
----------------------------------------------------------------------------
0 0031964968 MORTGAGORS: TABAKIN JON
CLAUS CAROL
REGION CODE ADDRESS : 3326 MCLAUGHLIN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,726.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.65900
----------------------------------------------------------------------------
0 0031964992 MORTGAGORS: FREEBURN KEVIN
MCDERMOTT KATHLEEN
REGION CODE ADDRESS : 2 PELZ FARM COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 419,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,983.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------------------
0 0031965155 MORTGAGORS: BRADY MICHAEL
REGION CODE ADDRESS : 1221 GOLD FLOWER ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 408,562.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,243.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,787.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.95300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,745,762.00
P & I AMT: 11,914.62 UPB AMT: 1,742,185.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031965288 MORTGAGORS: HOLMGREN ROGER
HOLMGREN SUSAN
REGION CODE ADDRESS : 1987 N. LASSEN BLVD.
01 CITY : ORANGE
STATE/ZIP : CA 92867
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 : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.68300
----------------------------------------------------------------------------
0 0031965338 MORTGAGORS: GUSTAFSON ROBERT
GUSTAFSON JUDITH
REGION CODE ADDRESS : 6071 HAMSHIRE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------------------
0 0031965387 MORTGAGORS: TJADEN DOUGLAS
TJADEN KATHY
REGION CODE ADDRESS : 22376 E ARBOR DRIVE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 290,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,367.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.94700
----------------------------------------------------------------------------
0 0031965437 MORTGAGORS: SEAMSTER JOHN
SEAMSTER DORIAN
REGION CODE ADDRESS : 204 BURNHAM COURT
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,741.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 39.23500
----------------------------------------------------------------------------
0 0031966104 MORTGAGORS: DRISCOLL DANIEL
YORK LINDA
REGION CODE ADDRESS : 28552 AVENIDA PLACIDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,580.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,537.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,688,600.00
P & I AMT: 11,390.45 UPB AMT: 1,687,250.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031966195 MORTGAGORS: LEATHERMAN DAVID
VALDOVINOS ERNIE
REGION CODE ADDRESS : 616 SAPPHIRE STREET
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,750.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 48.33300
----------------------------------------------------------------------------
0 0031966450 MORTGAGORS: DEMPSEY GERALD
REGION CODE ADDRESS : 10 CANTERBURY STREET
01 CITY : ANDOBER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,046.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031966534 MORTGAGORS: LIU JAY
BI ANNIE
REGION CODE ADDRESS : 4425 HAMPSHIRE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031966823 MORTGAGORS: VANCLEAVE WILLIAM
VANCLEAVE SYDNIE
REGION CODE ADDRESS : 2950 EAST DUNNE AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,784.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.52100
----------------------------------------------------------------------------
0 0031966856 MORTGAGORS: MARKEL RONALD
MARKEL DINORAH
REGION CODE ADDRESS : 14 BLACKHAWK
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,742.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,426.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.07500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,481,250.00
P & I AMT: 10,116.05 UPB AMT: 1,480,095.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031966880 MORTGAGORS: HANSEN BEVERLY
REGION CODE ADDRESS : 3343 AMERICAN RIVER DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,401.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031966922 MORTGAGORS: AMOS CHARLES
AMOS SHARON
REGION CODE ADDRESS : 30033 KNOLL VIEW DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,664.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,621.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.24800
----------------------------------------------------------------------------
0 0031966955 MORTGAGORS: BALDONADO PAUL
BALDONADO GEMMA
REGION CODE ADDRESS : 16169 AVENIDA SAN MIGUEL
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,710.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 88.47100
----------------------------------------------------------------------------
0 0031966989 MORTGAGORS: ALEXANDER JAMES
ALEXANDER CAROL
REGION CODE ADDRESS : 7 AVIGNON
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,742.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.27400
----------------------------------------------------------------------------
0 0031967011 MORTGAGORS: CHAR SRIKANT
CHAR ANNIE
REGION CODE ADDRESS : 23 ARIZONA
01 CITY : IRVINE
STATE/ZIP : CA 09606
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,708.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.94400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,838,000.00
P & I AMT: 12,380.09 UPB AMT: 1,836,228.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031967037 MORTGAGORS: MAYA JOHNNIE
MAYA PATRICIA
REGION CODE ADDRESS : 4582 VICTORIA COURT
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,449.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.82300
----------------------------------------------------------------------------
0 0031967268 MORTGAGORS: NABAL EDWIN
NABAL MONIQUE
REGION CODE ADDRESS : 1054 NORTH ANTONIO CIRCLE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 402,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,721.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031967326 MORTGAGORS: GORSHOW STEPHEN
GORSHOW KATHERINE
REGION CODE ADDRESS : 11570 EAST DORADO AVENUE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,925.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031967375 MORTGAGORS: BAGLEY WORTH
REGION CODE ADDRESS : 408 PACIFIC AVENUE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 553,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 552,155.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,819.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0031967409 MORTGAGORS: SEILNACHT MICHAEL
DELFINO-SEILNACHT CARMELA
REGION CODE ADDRESS : 5423 MIDDAY COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,227.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.91011
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,945,600.00
P & I AMT: 13,077.69 UPB AMT: 1,942,479.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031967417 MORTGAGORS: WESSELS FRANK
WESSELS CATHARINA
REGION CODE ADDRESS : 508 PINE STREET
01 CITY : APTOS,
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,093.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031967565 MORTGAGORS: SEELEY DAVID
DAURIE SHELBY
REGION CODE ADDRESS : 35650 PALOMARES ROAD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031967607 MORTGAGORS: MURPHY OWEN
MURPHY SUSAN
REGION CODE ADDRESS : 4981 MARIN DRIVE
01 CITY : OCEANSIDE
STATE/ZIP : CA 92056
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,298.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031967664 MORTGAGORS: JUENGERT LAURIE
REGION CODE ADDRESS : 1901 GRANT STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94703
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,186.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031968050 MORTGAGORS: LUTZ WILLIAM
LUTZ P
REGION CODE ADDRESS : 2223 NORTH WISTERIA LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,735.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.80000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,585,400.00
P & I AMT: 10,914.38 UPB AMT: 1,583,978.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031968324 MORTGAGORS: MACDONALD DAVID
REGION CODE ADDRESS : 7626 EAST MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,453.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 50.98000
----------------------------------------------------------------------------
0 0031968522 MORTGAGORS: BRACKEN LINDA
REGION CODE ADDRESS : 357 MIRA MAR
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
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 : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.36600
----------------------------------------------------------------------------
0 0031968837 MORTGAGORS: REID RYAN
REID PATTY
REGION CODE ADDRESS : 4087 FARMDALE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------------------
0 0031969231 MORTGAGORS: FONTILEA PHILIP
WOODWARD DEBRA
REGION CODE ADDRESS : 801 INTREPID LANE
01 CITY : REDWOOD SHORES
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,712.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031969348 MORTGAGORS: WILSON DENNIS
WILSON JUDY
REGION CODE ADDRESS : 5460 LA GRANDE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 471,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,841.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,254.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,123,200.00
P & I AMT: 14,464.05 UPB AMT: 2,121,536.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031969686 MORTGAGORS: KENNEDY DAN
REGION CODE ADDRESS : 1201 FM 2722
01 CITY : NEW BRAUNFELS
STATE/ZIP : TX 78132
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,274.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031969785 MORTGAGORS: JONES JOHN
JONES PATRICIA
REGION CODE ADDRESS : 104 WELDIN PARK DRIVE
01 CITY : WILMINGTON
STATE/ZIP : DE 19803
MORTGAGE AMOUNT : 271,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,477.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031969884 MORTGAGORS: JACKSON ROBERT
DALVIT-JACKSON SHERRI
REGION CODE ADDRESS : 3334 EAST 109TH STREET
01 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,424.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.56400
----------------------------------------------------------------------------
0 0031969892 MORTGAGORS: BURLEY PATRICK
BURLEY ANNE
REGION CODE ADDRESS : 5296 CHARLES COURT
01 CITY : CARMEL
STATE/ZIP : IN 46033
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,182.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031969900 MORTGAGORS: WILSON JAMES
WILSON PAMALA
REGION CODE ADDRESS : 10752 E CARIBBEAN LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,861.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,525,000.00
P & I AMT: 10,225.31 UPB AMT: 1,522,221.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031969918 MORTGAGORS: BENJAMIN CHRISTOPHER
BENJAMIN MELISSA
REGION CODE ADDRESS : 5737 HALEOLA STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,352.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.25700
----------------------------------------------------------------------------
0 0031969934 MORTGAGORS: BRUNNER RICHARD
BRUNNER MARY
REGION CODE ADDRESS : 505 EVENING STAR LANE
01 CITY : BOZEMAN
STATE/ZIP : MT 59715
MORTGAGE AMOUNT : 344,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,350.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99400
----------------------------------------------------------------------------
0 0031969942 MORTGAGORS: KIRBY KEITH
KIRBY KAREN
REGION CODE ADDRESS : 1 ANNA ROSE COURT
01 CITY : BLOOMINGDALE
STATE/ZIP : NJ 07403
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031969967 MORTGAGORS: BENEDETTO ROCCO
BENEDETTO MAUREEN
REGION CODE ADDRESS : 34959 N 81ST STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,097.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.55300
----------------------------------------------------------------------------
0 0031969975 MORTGAGORS: BALLARD KEVIN
BALLARD ELIZABETH
REGION CODE ADDRESS : 4022 TERNEZ DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,498.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,722,600.00
P & I AMT: 11,558.39 UPB AMT: 1,718,279.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031969991 MORTGAGORS: BECK RICHARD
BECK TAMARA
REGION CODE ADDRESS : 347 E WINDMERE DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 462,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,776.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,155.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------------------
0 0031970007 MORTGAGORS: ZIMMERMAN JAMES
ZIMMERMAN CLAUDIA
REGION CODE ADDRESS : 408 BAYLOR DRIVE
01 CITY : WOODLAND
STATE/ZIP : CA 95695
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,498.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031970023 MORTGAGORS: GILL CHRISTOPHER
GILL HILARY
REGION CODE ADDRESS : 2328 WALNUT GROVE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 344,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,868.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,322.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031970031 MORTGAGORS: STANLEY KENNETH
STANLEY GAIL
REGION CODE ADDRESS : 7020 OAKWOOD PINES DRIVE
01 CITY : FLAGSTAFF
STATE/ZIP : AZ 86004
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,340.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
0 0031970056 MORTGAGORS: TARVER PHILIP
TARVER DEWANNA
REGION CODE ADDRESS : 4428 IHLES ROAD
01 CITY : LAKE CHARLES
STATE/ZIP : LA 70605
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,617.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.71600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,641,200.00
P & I AMT: 11,135.54 UPB AMT: 1,638,100.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031970072 MORTGAGORS: WALKER BARRY
REGION CODE ADDRESS : 11430 GAME PRESERVE ROAD
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,520.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.73300
----------------------------------------------------------------------------
0 0031970080 MORTGAGORS: ECKMAN CHARLES
ECKMAN DANELLE
REGION CODE ADDRESS : 4802 W AVENIDA DEL REY
01 CITY : PHOENIX
STATE/ZIP : AZ 85310
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,816.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.76400
----------------------------------------------------------------------------
0 0031970106 MORTGAGORS: BARTON DENNIS
BARTON JANET
REGION CODE ADDRESS : 12530 RIDGEMOOR DRIVE
01 CITY : PROSPECT
STATE/ZIP : KY 40059
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 : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.45400
----------------------------------------------------------------------------
0 0031970114 MORTGAGORS: LAKE DAVID
LAKE TERESA
REGION CODE ADDRESS : 1582 EAST ADAMS PARK DRIVE
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,048.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------------------
0 0031970122 MORTGAGORS: DYSON CHARLOTTE
REGION CODE ADDRESS : 13013 OTSEGO STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,383.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.52900
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,417,450.00
P & I AMT: 9,756.76 UPB AMT: 1,413,113.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031970148 MORTGAGORS: TAYLOR TIMOTHY
TAYLOR KELLI
REGION CODE ADDRESS : 726 MOCKINGBIRD PLACE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 394,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,735.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------------------
0 0031970155 MORTGAGORS: BAGDON STEPHEN
BAGDON BARBARA
REGION CODE ADDRESS : 10978 E BECK LANE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,081.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------------------
0 0031970163 MORTGAGORS: GRIMSLEY IAN
GRIMSLEY SANDRA
REGION CODE ADDRESS : 256 YARMOUTH ST
01 CITY : NORFOLK
STATE/ZIP : VA 23510
MORTGAGE AMOUNT : 246,215.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,620.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 91.52900
----------------------------------------------------------------------------
0 0031970189 MORTGAGORS: KRAKOFF DAVID
KRAKOFF LINDA
REGION CODE ADDRESS : 4500 JENKINS WAY
01 CITY : DOUGLASVILLE
STATE/ZIP : GA 30135
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,132.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031970197 MORTGAGORS: INGENITO CHARLES
REGION CODE ADDRESS : 58 ROBERT COURT
01 CITY : WYCKOFF
STATE/ZIP : NJ 07481
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,161.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,652,615.00
P & I AMT: 11,122.72 UPB AMT: 1,648,731.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031970205 MORTGAGORS: PACARRO GARY
PACARRO GWEN
REGION CODE ADDRESS : 501 PAOKANO LOOP
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,931.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,083.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031970221 MORTGAGORS: MULLIGAN MAURY
REGION CODE ADDRESS : 5407 SPRINGLAKE WAY
01 CITY : BALTIMORE CITY
STATE/ZIP : MD 21212
MORTGAGE AMOUNT : 269,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,065.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.90000
----------------------------------------------------------------------------
0 0031970247 MORTGAGORS: ANTHONY TOM
ANTHONY DONNA
REGION CODE ADDRESS : 18519 CENTER STREET
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 302,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,352.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031970254 MORTGAGORS: REED TIMOTHY
REED NONA
REGION CODE ADDRESS : 321 FAIRVIEW ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,695.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,147.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031970270 MORTGAGORS: MILLIGAN DEAN
MILLIGAN JODI
REGION CODE ADDRESS : 1432 RANCHO HILLS DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,262.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,627,300.00
P & I AMT: 10,927.64 UPB AMT: 1,623,306.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031970296 MORTGAGORS: OLDHAM JACKSON
REGION CODE ADDRESS : 5291 GARDEN HIGHWAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95837
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,241.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------------------
0 0031970304 MORTGAGORS: SORENSON PERRY
SORENSON SALLY
REGION CODE ADDRESS : 702 PALEKAUA PLACE
01 CITY : HONOLULU
STATE/ZIP : HI 96816
MORTGAGE AMOUNT : 900,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 898,520.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,987.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 69.76700
----------------------------------------------------------------------------
0 0031970312 MORTGAGORS: LUDDEKE JOHN
LUDDEKE BELINDA
REGION CODE ADDRESS : 6206 TOULON DRIVE
01 CITY : CORPUS CHRISTI
STATE/ZIP : TX 78414
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,835.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.06700
----------------------------------------------------------------------------
0 0031970346 MORTGAGORS: SEARBY PAUL
SEARBY MARY
REGION CODE ADDRESS : 12418 FRANCEL LANE
01 CITY : CYPRESS
STATE/ZIP : TX 77429
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,358.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.10600
----------------------------------------------------------------------------
0 0031970353 MORTGAGORS: POLLACK MICHAEL
POLLACK CHERYL
REGION CODE ADDRESS : 134 S DIAMOND KEY COURT
01 CITY : GILBERT
STATE/ZIP : AZ 85233
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,220.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 51.72413
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,400,000.00
P & I AMT: 15,972.19 UPB AMT: 2,395,176.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031970379 MORTGAGORS: GALIK ANNETTE
REGION CODE ADDRESS : 2648 YORKTOWN PLACE
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 288,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,746.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.20100
----------------------------------------------------------------------------
0 0031970387 MORTGAGORS: KYMINAS RALPH
KYMINAS LINDA
REGION CODE ADDRESS : 805 AQUITAINE COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,387.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.25100
----------------------------------------------------------------------------
0 0031970411 MORTGAGORS: BUCCI MICHAEL
BUCCI JULIE
REGION CODE ADDRESS : 9974 WATERCREST DRIVE
01 CITY : NOBLESVILLE
STATE/ZIP : IN 46060
MORTGAGE AMOUNT : 276,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,565.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.31200
----------------------------------------------------------------------------
0 0031970478 MORTGAGORS: GOYDA MICHAEL
GOYDA TINA
REGION CODE ADDRESS : 8050 GREEN PASTURE AVENUE,
01 CITY : LAS VEGAS,
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,017.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,503.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031970544 MORTGAGORS: RICHMAN SID
RICHMAN BEATRIX
REGION CODE ADDRESS : 1526-1528 SOUTH CAMDEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 341,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,652.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.90100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,413,100.00
P & I AMT: 9,499.01 UPB AMT: 1,409,370.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031970627 MORTGAGORS: HENRY DANIEL
HENRY MARCIA
REGION CODE ADDRESS : 1815 PORT STANHOPE PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,588.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,218.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.12300
----------------------------------------------------------------------------
0 0031971484 MORTGAGORS: VASS PHILIP
VASS KAREN
REGION CODE ADDRESS : 33 PEMBROKE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,594.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,293.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------------------
0 0031971500 MORTGAGORS: MACRAE EMILY
MACRAE WILLIAM
REGION CODE ADDRESS : 11046 BARMAN AVENUE
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,049.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031971518 MORTGAGORS: MCKEE TIMOTHY
MCKEE MICHELLE
REGION CODE ADDRESS : 7105 ASHLEY DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,700.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.04255
----------------------------------------------------------------------------
0 0031971740 MORTGAGORS: KITCHIN CHRISTIAN
REGION CODE ADDRESS : 2011 THIRD STREET #3
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,073.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,881,850.00
P & I AMT: 12,367.62 UPB AMT: 1,880,005.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031971989 MORTGAGORS: TODD DANIEL
TODD VIRGINIA
REGION CODE ADDRESS : 4648 PARKWOOD DRIVE
01 CITY : ROCKWALL
STATE/ZIP : TX 75032
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,531.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.04400
----------------------------------------------------------------------------
0 0031971997 MORTGAGORS: NORWITZ ERROL
HESS ANN
REGION CODE ADDRESS : 29 HOPE STREET
01 CITY : NEWTON
STATE/ZIP : MA 02466
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,528.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.40000
----------------------------------------------------------------------------
0 0031972078 MORTGAGORS: LIEBERMAN ALLEN
LIEBERMAN NORA
REGION CODE ADDRESS : 48 SAINT STEPHENS SCHOOL ROAD
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,440.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.69600
----------------------------------------------------------------------------
0 0031972086 MORTGAGORS: AHMADI ABDOLREZA
AHMADI LILI
REGION CODE ADDRESS : 722 NORTH MANSFIELD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90038
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,270.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------------------
0 0031972110 MORTGAGORS: KRAVITZ SAUL
KRAVITZ BERYL
REGION CODE ADDRESS : 1386 STRATTON DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,218.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.06400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,597,500.00
P & I AMT: 10,764.96 UPB AMT: 1,593,990.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031972128 MORTGAGORS: CAHILL THOMAS
DEYLE TRACY
REGION CODE ADDRESS : 2261 BUSH STREET,# 6
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,879.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,602.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031972136 MORTGAGORS: PRUITT ANDRE
PRUITT KIM
REGION CODE ADDRESS : 10415 CROSSING CREEK ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,558.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031972151 MORTGAGORS: KRISTO MARK
KRISTO MARYBETH
REGION CODE ADDRESS : 14338 DOVE DRIVE
01 CITY : CARMEL
STATE/ZIP : IN 46033
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,602.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.98800
----------------------------------------------------------------------------
0 0031972169 MORTGAGORS: BAYNEUM JOANN
REGION CODE ADDRESS : 105 CRESTWICKE TRACE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 320,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,807.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.06600
----------------------------------------------------------------------------
0 0031972409 MORTGAGORS: LEWIS LARRY
REGION CODE ADDRESS : 24736 KINGS ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,708.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.26300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,592,000.00
P & I AMT: 10,676.28 UPB AMT: 1,589,556.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031972417 MORTGAGORS: SMITH JETT
REGION CODE ADDRESS : 59-340 OLOMANA ROAD
01 CITY : KAMUELA
STATE/ZIP : HI 96743
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,491.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,124.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 51.66600
----------------------------------------------------------------------------
0 0031972581 MORTGAGORS: PICA DENNIS
PICA BEVERLY
REGION CODE ADDRESS : 10351 ARNWOOD ROAD
01 CITY : SYLMAR AREA, LOS ANGELES
STATE/ZIP : CA 91342
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,786.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031972607 MORTGAGORS: SMITH DONALD
SMITH LYNN
REGION CODE ADDRESS : 3231 SANTA MONICA AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.60200
----------------------------------------------------------------------------
0 0031972706 MORTGAGORS: ECKERT GREG
REGION CODE ADDRESS : 295 WATERFORD LANE
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,390.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.29500
----------------------------------------------------------------------------
0 0031972854 MORTGAGORS: TUMANG FLORENTINO
REGION CODE ADDRESS : 163 DALLAS DRIVE
01 CITY : BARTLETT
STATE/ZIP : IL 60103
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,411.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.83200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,780,600.00
P & I AMT: 11,942.54 UPB AMT: 1,778,856.66
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031974165 MORTGAGORS: ZEBARI HOLLY
REGION CODE ADDRESS : 19251 WILLOW BROOK LANE
01 CITY : TRABUCO CANYON (AREA)
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.71200
----------------------------------------------------------------------------
0 0031974173 MORTGAGORS: BRILEY ROBERT
BRILEY SUSAN
REGION CODE ADDRESS : 32105 41ST STREET WEST
01 CITY : ACTON (AREA)
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,332.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031974207 MORTGAGORS: ZHANG PING
SUN LILLY
REGION CODE ADDRESS : 1096 W REMINGTON DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94807
MORTGAGE AMOUNT : 405,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,980.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031974256 MORTGAGORS: YOUSEFI SHAHRIAR
YOUSEFI SUSAN
REGION CODE ADDRESS : 4715 HEAVEN AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 270,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,055.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.28500
----------------------------------------------------------------------------
0 0031974264 MORTGAGORS: SMITH BARRY
REGION CODE ADDRESS : 15205 VIA CORFINIO
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,579.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.53400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,628,100.00
P & I AMT: 11,064.69 UPB AMT: 1,625,530.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031974280 MORTGAGORS: TROK STEVEN
TROK DENISE
REGION CODE ADDRESS : 26672 ALAMANDA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,610.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.82300
----------------------------------------------------------------------------
0 0031974298 MORTGAGORS: MCNELLIS RICK
MCNELLIS ANITA
REGION CODE ADDRESS : 1589 STAGECOACH CIRCLE
01 CITY : ELIZABETH
STATE/ZIP : CO 80107
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,430.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031974330 MORTGAGORS: WILLIS DONELL
WILLIS LINDSEY
REGION CODE ADDRESS : 6251 SIR FRANCIS DRAKE BLVD
01 CITY : SAN GERONIMO
STATE/ZIP : CA 94963
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,653.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.25000
----------------------------------------------------------------------------
0 0031974348 MORTGAGORS: O'TOOLE TIMOTHY
O'TOOLE JUDITH
REGION CODE ADDRESS : 4263 QUAIL RUN WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 538,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 537,798.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,765.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.49600
----------------------------------------------------------------------------
0 0031974363 MORTGAGORS: VINES STEVEN
REGION CODE ADDRESS : 4685 FOOTHILL ROAD
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,293.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.93400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,599,600.00
P & I AMT: 11,177.48 UPB AMT: 1,596,785.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031974405 MORTGAGORS: PATEL PIYUSH
DESAI RAMILA
REGION CODE ADDRESS : 8 TREESIDE COURT
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,044.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031974413 MORTGAGORS: POST JAMES
POST RHONDA
REGION CODE ADDRESS : 26 STOW COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 423,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,786.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,782.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.20500
----------------------------------------------------------------------------
0 0031974421 MORTGAGORS: LERMAN ROBERT
LERMAN SHARON
REGION CODE ADDRESS : 9415 DUXBURY ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,217.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------------------
0 0031974546 MORTGAGORS: TAJI CHRISTOPHER
TAJI SHELLEY
REGION CODE ADDRESS : 12840 ARABELLA STREET
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,348.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031974579 MORTGAGORS: ZACCAGNINI STEVEN
ZACCAGNINI KIMBERLY
REGION CODE ADDRESS : 33 GOLF VIEW DRIVE
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,426.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,989,100.00
P & I AMT: 13,437.27 UPB AMT: 1,985,823.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031974595 MORTGAGORS: ABRAHAM JACOB
ABRAHAM ZUBEDA
REGION CODE ADDRESS : 5019 NEW TRIER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 324,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,916.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031974629 MORTGAGORS: DICKINSON ROGER
DICKINSON MARY
REGION CODE ADDRESS : 216 SHEFFIELD LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,430.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 54.08000
----------------------------------------------------------------------------
0 0031974645 MORTGAGORS: FERNS JOHN
REGION CODE ADDRESS : 3871 ARUBA CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------------------
0 0031974652 MORTGAGORS: CARROLL DUANE
CARROLL HELEN
REGION CODE ADDRESS : 163 LANCASTER ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,541.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.64700
----------------------------------------------------------------------------
0 0031974678 MORTGAGORS: HUTCHINSON THOMAS
HUTCHINSON LISA
REGION CODE ADDRESS : 1312 WALNUT AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,409.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.94400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,628,400.00
P & I AMT: 11,064.33 UPB AMT: 1,626,063.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031974694 MORTGAGORS: HARRIS PATRICK
HARRIS TRACY
REGION CODE ADDRESS : 4 FIELD POINT
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,473.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031974777 MORTGAGORS: MAAHS CHARLES
MAAHS MARTHA
REGION CODE ADDRESS : 5151 MARYLAND AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,617.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.52400
----------------------------------------------------------------------------
0 0031974793 MORTGAGORS: WAGNER RONALD
WAGNER KAREN
REGION CODE ADDRESS : 1545 WEDGEWOOD DRIVE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,740.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 37.41500
----------------------------------------------------------------------------
0 0031974801 MORTGAGORS: MAGNUS MARK
MAGNUS SANDRA
REGION CODE ADDRESS : 4965 STAR MINE COURT
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,547.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.93700
----------------------------------------------------------------------------
0 0031974819 MORTGAGORS: RASSP GREGORY
RASSP CATHIE
REGION CODE ADDRESS : 17658 HEVER CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 304,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,630.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 69.29500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,510,900.00
P & I AMT: 10,197.67 UPB AMT: 1,509,010.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031974868 MORTGAGORS: MC KEY LLOYD
MC KEY DONNA
REGION CODE ADDRESS : 1845 ALTAMONT CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,568.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.92700
----------------------------------------------------------------------------
0 0031974900 MORTGAGORS: KIEVIT MARK
KIEVIT CARLA
REGION CODE ADDRESS : 8440 WHITE OAK AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------------------
0 0031974991 MORTGAGORS: JACKLIN KELLY
LAUW YUN
REGION CODE ADDRESS : 20630 GARDENSIDE CIRCLE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 332,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,239.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031975022 MORTGAGORS: MASUKAWA DEAN
MASUKAWA KIMBERLEY
REGION CODE ADDRESS : 9872 NOVARA LANE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 257,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,939.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.49300
----------------------------------------------------------------------------
0 0031975030 MORTGAGORS: HAMILTON WILLIAM
REGION CODE ADDRESS : 13768 HOWEN DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,465.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.30300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,475,950.00
P & I AMT: 9,978.03 UPB AMT: 1,473,806.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031975063 MORTGAGORS: BRUNNER JOSEPH
REGION CODE ADDRESS : 6312 TURNBERRY CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,201.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,747.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.96500
----------------------------------------------------------------------------
0 0031975071 MORTGAGORS: CRONIN JOHN
RODGERS NOREEN
REGION CODE ADDRESS : 432 SADDLEBROOK LANE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,707.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031975105 MORTGAGORS: COSTA MARIO
COSTA LOUANNE
REGION CODE ADDRESS : 19322 BAYWATER LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 367,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,224.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------------------
0 0031975196 MORTGAGORS: PAPINEAU JEFFREY
REGION CODE ADDRESS : 3546 MILBURN STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,427.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031975204 MORTGAGORS: STEVENS DAVID
REGION CODE ADDRESS : 638 MINNA STREET #3
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94103
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,062.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,854,300.00
P & I AMT: 12,522.94 UPB AMT: 1,850,623.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031975246 MORTGAGORS: BATAC ROLEX
BATAC DELAILAH
REGION CODE ADDRESS : 90 GRANDVIEW AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,290.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.64900
----------------------------------------------------------------------------
0 0031975360 MORTGAGORS: CHOY PATRICK
REGION CODE ADDRESS : 6N404 MEDINAH ROAD
01 CITY : MEDINAH
STATE/ZIP : IL 60143
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,495.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,042.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.74000
----------------------------------------------------------------------------
0 0031975626 MORTGAGORS: MORLA JOSEPH
MORLA ANA
REGION CODE ADDRESS : 2216 PETTIGREW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,760.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------------------
0 0031975634 MORTGAGORS: MARCH CHRISTOPHER
MARCH JENNIFER
REGION CODE ADDRESS : 1062 IVY GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 313,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,321.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------------------
0 0031975659 MORTGAGORS: CRAIN RODNEY
CRAIN JUNE
REGION CODE ADDRESS : 1044 IVY GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 325,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,152.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,469,200.00
P & I AMT: 9,830.99 UPB AMT: 1,467,020.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031976087 MORTGAGORS: MATHUR HARISH
REGION CODE ADDRESS : 2217 WOODBURY LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,547.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.85500
----------------------------------------------------------------------------
0 0031976095 MORTGAGORS: MILLER PATRICIA
REGION CODE ADDRESS : 2236 QUAIL BLUFF LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,410.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,666.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.86500
----------------------------------------------------------------------------
0 0031976103 MORTGAGORS: PACIONI KEN
LEE LILLIAN
REGION CODE ADDRESS : 2225 QUAIL BLUFF COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,389.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.10200
----------------------------------------------------------------------------
0 0031976137 MORTGAGORS: WIGGINS RICHARD
WIGGINS PATRICIA
REGION CODE ADDRESS : 8612 STONEHOUSE DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 288,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,901.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------------------
0 0031976152 MORTGAGORS: KHAN MASOOD
KHAN SEEMI
REGION CODE ADDRESS : 2242 QUAIL BLUFF LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 407,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,077.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,815.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,747,100.00
P & I AMT: 11,842.54 UPB AMT: 1,744,327.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031976178 MORTGAGORS: MARTINEZ RICHARD
MARTINEZ VERONICA
REGION CODE ADDRESS : 18731 STRATTON LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,714.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.11800
----------------------------------------------------------------------------
0 0031976186 MORTGAGORS: ENG MICHAEL
ENG CAROL
REGION CODE ADDRESS : 7411 WEST 81ST STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,685.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.70900
----------------------------------------------------------------------------
0 0031976236 MORTGAGORS: BENAK MARK
BENAK EMILY
REGION CODE ADDRESS : 8675 RIO GRANDE BLVD NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87114
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,752.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031976293 MORTGAGORS: HAWK STEVE
PENNA JULIE
REGION CODE ADDRESS : 19139 OWEN WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,750.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031976301 MORTGAGORS: IESBERTS INGEMAR
REGION CODE ADDRESS : 1037 BEAVER LANE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 356,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,093.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.55300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,653,400.00
P & I AMT: 10,803.05 UPB AMT: 1,651,996.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031976343 MORTGAGORS: HESS ROGER
HO KIM
REGION CODE ADDRESS : 25092 PERCH DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,763.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031976384 MORTGAGORS: AGARWAL SUDHIR
AGARWAL RENU
REGION CODE ADDRESS : 17194 RUSSET STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,758.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.53300
----------------------------------------------------------------------------
0 0031976392 MORTGAGORS: HA TRUNG
NGUYEN LAN
REGION CODE ADDRESS : 5510 VIA VIGO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 378,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,287.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,515.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.16300
----------------------------------------------------------------------------
0 0031976400 MORTGAGORS: GRAY ANDREW
GRAY MARY
REGION CODE ADDRESS : 345 BRENTWOOD AVEMUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,593.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,422.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031976426 MORTGAGORS: ROSALES MARION
SMITH DAVID
REGION CODE ADDRESS : 19395 S. VICTORIAN DRIVE
01 CITY : MOKENA
STATE/ZIP : IL 60448
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,787.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,757,100.00
P & I AMT: 11,835.64 UPB AMT: 1,755,190.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031976467 MORTGAGORS: MICKELSON CHRIS
MICKELSON KIMBERLY
REGION CODE ADDRESS : 4715 51ST PLACE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,788.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.20700
----------------------------------------------------------------------------
0 0031976558 MORTGAGORS: LARRIEU DAVID
LARRIEU DEBBIE
REGION CODE ADDRESS : 4195 PRESSLEY ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,797.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.19600
----------------------------------------------------------------------------
0 0031976590 MORTGAGORS: SHIWOTA SHIGETO
SHIWOTA MAYA
REGION CODE ADDRESS : 6761 MORNING TIDE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,780.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.88600
----------------------------------------------------------------------------
0 0031976764 MORTGAGORS: CAMPANELLA ANTHONY
CAMPANELLA JEANNE
REGION CODE ADDRESS : 38 HARBOR SIGHT DRIVE
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 584,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 583,039.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,885.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------------------
0 0031976814 MORTGAGORS: TOMIHIRO ROBERT
TOMIHIRO DONNA
REGION CODE ADDRESS : 3514 AVENIDA AMOROSA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,722.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.11100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,778,000.00
P & I AMT: 12,127.69 UPB AMT: 1,776,128.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031976871 MORTGAGORS: PONDER RICHARD
PONDER JANE
REGION CODE ADDRESS : 40590 CALLE TORCIDA
01 CITY : TEMECULA
STATE/ZIP : CA 92591
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,907.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.59400
----------------------------------------------------------------------------
0 0031976905 MORTGAGORS: YI DONALD
CARAWAN BONITA
REGION CODE ADDRESS : 1713 DIXON STREET
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
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 : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031977200 MORTGAGORS: ROUSH MELINDA
ROUSH DONALD
REGION CODE ADDRESS : 5250 OZARK MOUNTAIN PLACE (ALTA LOM
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
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 : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------------------
0 0031977226 MORTGAGORS: CHRISTOPHER GREGORY
CHRISTOPHER CHERYL
REGION CODE ADDRESS : 5126 BEDFORD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,464.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031977408 MORTGAGORS: REED GREGORY
REED KIMBERLY
REGION CODE ADDRESS : 4 CAPRI,
01 CITY : LAGUNA NIGUEL,
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,714.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.92100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,543,150.00
P & I AMT: 10,343.81 UPB AMT: 1,541,656.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031977721 MORTGAGORS: BLINDERMAN STEVEN
BLINDERMAN SUSAN
REGION CODE ADDRESS : 1515 WOODBINE COURT
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------------------
0 0031978190 MORTGAGORS: BRICKLE SAMUEL
BRICKLE JEAN
REGION CODE ADDRESS : 97 LORING AVENUE
01 CITY : PROVIDENCE
STATE/ZIP : RI 02906
MORTGAGE AMOUNT : 511,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,219.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,529.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.23600
----------------------------------------------------------------------------
0 0031978240 MORTGAGORS: VITI GABRIEL
REGION CODE ADDRESS : 67 LAKEWOOD PL.
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 466,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,172.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,304.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.93500
----------------------------------------------------------------------------
0 0031978273 MORTGAGORS: NUCCETELLI DAVID
NUCCETELLI SANDRA
REGION CODE ADDRESS : 1317 FOREST HILLS COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,046.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.02000
----------------------------------------------------------------------------
0 0031978281 MORTGAGORS: MCABOY MARY
REGION CODE ADDRESS : 971 ROSEMOUNT ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,390.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.41600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,922,350.00
P & I AMT: 13,110.94 UPB AMT: 1,919,582.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031978307 MORTGAGORS: WILHELM PETER
GREENWAY LINDA
REGION CODE ADDRESS : 4914 JOHN TICER DR.
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,791.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.71300
----------------------------------------------------------------------------
0 0031978315 MORTGAGORS: TEDRICK TRACIE
REGION CODE ADDRESS : 132 OLD PONTE VEDRA DRIVE
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,591.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------------------
0 0031978349 MORTGAGORS: STRICKLAND WILLIAM
STRICKLAND LAURA
REGION CODE ADDRESS : 4945 BAY WAY DRIVE
01 CITY : TAMPA
STATE/ZIP : FL 33629
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031978422 MORTGAGORS: SWENSON STEVEN
REGION CODE ADDRESS : 1789 LARK LANE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.02600
----------------------------------------------------------------------------
0 0031978505 MORTGAGORS: DELROOZ MEHDAD
DELROOZ NAZEE
REGION CODE ADDRESS : 6196 MANCUSO STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,643.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,697,550.00
P & I AMT: 11,484.23 UPB AMT: 1,694,967.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031978513 MORTGAGORS: ROHAN JAMES
ROHAN CAROL
REGION CODE ADDRESS : 13383 GELBOURNE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,756.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.58500
----------------------------------------------------------------------------
0 0031978539 MORTGAGORS: FRASCHETTI DAVID
FRASCHETTI LYNN
REGION CODE ADDRESS : 951 MARISA LANE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
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 : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.16600
----------------------------------------------------------------------------
0 0031978547 MORTGAGORS: BECKER BRADLEY
CATALINE-BECKER MICHELE
REGION CODE ADDRESS : 1210 LA GRANADA DRIVE
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,052.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.85700
----------------------------------------------------------------------------
0 0031978554 MORTGAGORS: MILLER RICHARD
MILLER TERESA
REGION CODE ADDRESS : 802 EL ORO LANE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,174.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,218.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 46.66600
----------------------------------------------------------------------------
0 0031978562 MORTGAGORS: PITTROFF CATHERINE
PITTROFF MICHAEL
REGION CODE ADDRESS : 4434 SILVERBERRY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 284,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,516.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,667,250.00
P & I AMT: 11,004.73 UPB AMT: 1,664,945.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031978604 MORTGAGORS: AGAIN THOMAS
AGAIN TERRY
REGION CODE ADDRESS : 400 LARSSON STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,659.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031978612 MORTGAGORS: KANE STEVEN
KANE JENNIFER
REGION CODE ADDRESS : 355 KESTREL LANE
01 CITY : LINDENHURST
STATE/ZIP : IL 60046
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 : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.96700
----------------------------------------------------------------------------
0 0031978620 MORTGAGORS: LAPORTA ROBERT
LAPORTA OLIVIA
REGION CODE ADDRESS : 2 QUEENSBURY CT
01 CITY : ALGONQUIN
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 254,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,570.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------------------
0 0031978638 MORTGAGORS: STEWART TIMOTHEA
TILLMAN TERRY
REGION CODE ADDRESS : 1875 TUNA CANYON ROAD
01 CITY : TOPANGA
STATE/ZIP : CA 90290
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 46.24200
----------------------------------------------------------------------------
0 0031978653 MORTGAGORS: ELLIOT PETER
ELLIOT LYNDA
REGION CODE ADDRESS : 2-2660 EAST CLIFF DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 487,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,218.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,281.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.93300
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,804,950.00
P & I AMT: 12,189.42 UPB AMT: 1,802,736.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031978661 MORTGAGORS: CONKEY CHARLES
CONKEY CHERYL
REGION CODE ADDRESS : 29052 MODJESKA PEAK LANE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,551.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.87200
----------------------------------------------------------------------------
0 0031978703 MORTGAGORS: THORNBERG DANIEL
THORNBERG JENNIFER
REGION CODE ADDRESS : 190 MONTE CARLO WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,929.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031978737 MORTGAGORS: HICKS ROBERT
HICKS SHARON
REGION CODE ADDRESS : 815 CAMPHOR STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 337,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,567.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 48.51000
----------------------------------------------------------------------------
0 0031978745 MORTGAGORS: ANDREW JOHN
ANDREW SANDRA
REGION CODE ADDRESS : 30 ACACIA AVENUE
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,348.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.62000
----------------------------------------------------------------------------
0 0031978760 MORTGAGORS: JACOBSON JOHN
JACOBSON LUCRECIA
REGION CODE ADDRESS : 3520 MULLDAE AVENUE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,459.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.51000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,590,550.00
P & I AMT: 10,498.79 UPB AMT: 1,587,856.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031978778 MORTGAGORS: DAHDOUH GEORGE
DAHDOUH THERESA
REGION CODE ADDRESS : 4709 HARBOR COVE COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,724.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.29400
----------------------------------------------------------------------------
0 0031978786 MORTGAGORS: DUSHAW ROBERT
REGION CODE ADDRESS : 3422 SCHOONER AVENUE #1
01 CITY : MARINA DEL REY
STATE/ZIP : CA 90292
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 : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031978802 MORTGAGORS: CUERO ODILON
CUERO GLORIA
REGION CODE ADDRESS : 4252 VIA ALONDRA
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,502.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 49.16600
----------------------------------------------------------------------------
0 0031978828 MORTGAGORS: GUMBINGER GREGG
GUMBINGER LISA
REGION CODE ADDRESS : 476 MONTI CIRCLE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,522.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------------------
0 0031978836 MORTGAGORS: ATCHLEY KLEIN BEVERLY
REGION CODE ADDRESS : 953 SIDONIA STREET
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,531.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,458,000.00
P & I AMT: 9,676.88 UPB AMT: 1,455,862.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031978851 MORTGAGORS: PETTITT CRAIG
STEARNS PETTITT ANGELA
REGION CODE ADDRESS : 5421 CAMINITO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,490.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------------------
0 0031978869 MORTGAGORS: ZEE LISA
CHOW MARCUS
REGION CODE ADDRESS : 815 MARY CAROLINE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 93.75000
----------------------------------------------------------------------------
0 0031978885 MORTGAGORS: VALDES JOSE
VALDES RUTH
REGION CODE ADDRESS : 321 MARE LANE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 303,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,838.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.16800
----------------------------------------------------------------------------
0 0031978919 MORTGAGORS: ALEXANDER PATRICIA
REGION CODE ADDRESS : 1315 LA SOBRINA COURT
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,647.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------------------
0 0031978943 MORTGAGORS: KAMBLI RAMESH
KAMBLI SWAPNA
REGION CODE ADDRESS : 12368 CARAVEL PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,764.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,593,350.00
P & I AMT: 10,451.81 UPB AMT: 1,591,495.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031978968 MORTGAGORS: BARDSLEY DAVID
BARDSLEY ELIZABETH
REGION CODE ADDRESS : 4940 ADAIR WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,568.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.16400
----------------------------------------------------------------------------
0 0031978976 MORTGAGORS: KATZ NEIL
ROBILLARD GAIL
REGION CODE ADDRESS : 7021 CALLE DEL PAJARITO
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,224.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.24800
----------------------------------------------------------------------------
0 0031979008 MORTGAGORS: WILCOX PAUL
WILCOX KATHY
REGION CODE ADDRESS : 12 ROADRUNNER COURT
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,616.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------------------
0 0031979040 MORTGAGORS: BASHAW JEFFREY
SEIDNER MELANIE
REGION CODE ADDRESS : 701 VERNON WAY
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,678.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031979073 MORTGAGORS: DELYANI DINO
DELYANI JOYCE
REGION CODE ADDRESS : 3902 DONNER STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,777.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.78000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,680,100.00
P & I AMT: 11,137.86 UPB AMT: 1,677,865.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031979081 MORTGAGORS: BARONI GIORGIO
REGION CODE ADDRESS : 1608 QUEENS ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,692.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 49.34200
----------------------------------------------------------------------------
0 0031979131 MORTGAGORS: LASKY JEFFREY
LASKY SHELLEY
REGION CODE ADDRESS : 17841 PORTO MARINA WAY
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 502,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,546.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,172.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 66.93300
----------------------------------------------------------------------------
0 0031979156 MORTGAGORS: HEBERT THEODORE
HEBERT NANCY
REGION CODE ADDRESS : 2411 LASCAR PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,284.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.27900
----------------------------------------------------------------------------
0 0031979164 MORTGAGORS: DORREL ROGER
DORREL RENATE
REGION CODE ADDRESS : 1003 MEADOWPASS ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,551.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.71200
----------------------------------------------------------------------------
0 0031979198 MORTGAGORS: WONG AMELIA
WONG RAMON
REGION CODE ADDRESS : 7653 WISCASSET DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,708.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.16600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,756,500.00
P & I AMT: 11,475.80 UPB AMT: 1,754,782.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031979248 MORTGAGORS: ADAMS CHARLES
ADAMS CLARE
REGION CODE ADDRESS : 10521 SOUTH POTTER CIRCLE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,686.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.96900
----------------------------------------------------------------------------
0 0031979263 MORTGAGORS: RIZZO EDWARD
WOFFORD TANYA
REGION CODE ADDRESS : 619 NO GUADALUPE AVENUE #2
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,280.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.23500
----------------------------------------------------------------------------
0 0031979297 MORTGAGORS: HOY ANDREA
REGION CODE ADDRESS : 25451 ENGLEWOOD DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 311,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,875.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.84600
----------------------------------------------------------------------------
0 0031979305 MORTGAGORS: LOCASCIO JOHN
LOCASCIO JOANNE
REGION CODE ADDRESS : 1592 CASTLEVIEW COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,639.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,927.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------------------
0 0031979313 MORTGAGORS: SINTON FRANK
SINTON PATRICIA
REGION CODE ADDRESS : 20 POTTER ST
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,058.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,644.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,764,000.00
P & I AMT: 11,868.63 UPB AMT: 1,761,539.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031979438 MORTGAGORS: DEVORE NANCY
DEVORE KENNETH
REGION CODE ADDRESS : 2206 QUAIL BLUFF LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 471,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,905.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,098.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0031979453 MORTGAGORS: MUNNICH TED
MUNNICH MO
REGION CODE ADDRESS : 2231 QUAIL BLUFF COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 477,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,771.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,297.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------------------
0 0031979487 MORTGAGORS: ALVAREZ JOSE
ALVAREZ NICOLAS
REGION CODE ADDRESS : 1056 IVY GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 313,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,772.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------------------
0 0031979610 MORTGAGORS: FAST BRIAN
REGION CODE ADDRESS : 2444 GLENNEYRE ST
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,400.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031980402 MORTGAGORS: DUFOND WAYNE
DUFOND AMY
REGION CODE ADDRESS : 301 BLACK OAK DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,736.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.59100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,930,500.00
P & I AMT: 12,843.17 UPB AMT: 1,927,585.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031980535 MORTGAGORS: BUSS BRAD
BUSS DEBORAH
REGION CODE ADDRESS : 27 GREENSPRING
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,243.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.80800
----------------------------------------------------------------------------
0 0031980568 MORTGAGORS: PENNINGTON MARK
PENNINGTON CHARLAN
REGION CODE ADDRESS : 30 PEREGRINE CIRCLE
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
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 : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.76100
----------------------------------------------------------------------------
0 0031980618 MORTGAGORS: CONZELMAN THOMAS
CONZELMAN ROBBIE
REGION CODE ADDRESS : 21 FIELD POINT
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.25700
----------------------------------------------------------------------------
0 0031980634 MORTGAGORS: PAUL WILLIAM
PAUL SUSAN
REGION CODE ADDRESS : 11851 SUNBATHER LANE
01 CITY : GALVESTON
STATE/ZIP : TX 77554
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,251.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.00000
----------------------------------------------------------------------------
0 0031980675 MORTGAGORS: SHEA JAMES
REGION CODE ADDRESS : 6453 WEST 80TH PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,554,500.00
P & I AMT: 10,636.53 UPB AMT: 1,552,794.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031980709 MORTGAGORS: PIERCE ANTHONY
PIERCE ELIZABETH
REGION CODE ADDRESS : 404 WEST MILL CHASE COURT
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 290,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,760.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------------------
0 0031980725 MORTGAGORS: PRICHARD STEPHEN
MOYER NANCY
REGION CODE ADDRESS : 103 MAPLE STREET
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 442,725.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,365.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,057.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.07900
----------------------------------------------------------------------------
0 0031980758 MORTGAGORS: BLAKE GARY
BLAKE JANICE
REGION CODE ADDRESS : 8025 LAKERIDGE DR.
01 CITY : MONTGOMERY
STATE/ZIP : AL 36117
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,093.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.78300
----------------------------------------------------------------------------
0 0031980766 MORTGAGORS: SHARPE RALPH
SHARPE GAIL
REGION CODE ADDRESS : 8306 ARGENT CIRCLE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,613.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.76600
----------------------------------------------------------------------------
0 0031980782 MORTGAGORS: BISHOP FRED
BISHOP MARY
REGION CODE ADDRESS : 12203 FRANCEL LANE
01 CITY : CYPRESS
STATE/ZIP : TX 77429
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,518.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,632,975.00
P & I AMT: 11,019.19 UPB AMT: 1,629,351.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031980790 MORTGAGORS: GUZINSKI RONALD
GUZINSKI GLENDA
REGION CODE ADDRESS : 11026 GRAYMARSH PLACE
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,124.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031980808 MORTGAGORS: FRANCIS LESTER
FRANCIS PATRICIA
REGION CODE ADDRESS : 13772 BROMLEY POINT DRIVE
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32225
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,500.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031980824 MORTGAGORS: CURRLE KENNETH
CURRLE LUCINDY
REGION CODE ADDRESS : 12111 METCALF CIRCLE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,627.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.93900
----------------------------------------------------------------------------
0 0031980832 MORTGAGORS: BEDERMAN DAVID
CUZZE LORRE
REGION CODE ADDRESS : 1395 CORNELL ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,647.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031980840 MORTGAGORS: WILLIAMS FRANK
WILLIAMS DENISE
REGION CODE ADDRESS : 40 PEMAQUID STREET
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.33333
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,413,000.00
P & I AMT: 9,444.11 UPB AMT: 1,407,450.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031980857 MORTGAGORS: REISSIG MICHAEL
REISSIG JOAN
REGION CODE ADDRESS : ONE ENFIELD GARDENS
01 CITY : ENFIELD
STATE/ZIP : CT 06082
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 : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031980865 MORTGAGORS: SISLER KAREN
REGION CODE ADDRESS : 7043 NORTH JANMAR DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 284,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,945.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.50700
----------------------------------------------------------------------------
0 0031980873 MORTGAGORS: EMMONS KEVIN
GUILMETTE JUDITH
REGION CODE ADDRESS : 1221 HIGHCREST LANE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80921
MORTGAGE AMOUNT : 292,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,807.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.60300
----------------------------------------------------------------------------
0 0031980881 MORTGAGORS: WOODS TOMMY
WOODS CYNTHIA
REGION CODE ADDRESS : 180 WINTERBERRY RIDGE
01 CITY : FAIRBURN
STATE/ZIP : GA 30213
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,009.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 76.17600
----------------------------------------------------------------------------
0 0031980907 MORTGAGORS: CASSON HARRY
CASSON KATHLEEN
REGION CODE ADDRESS : 9200 LINKSVUE DRIVE
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,818.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.30000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,410,450.00
P & I AMT: 9,255.46 UPB AMT: 1,406,130.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031980915 MORTGAGORS: GANDHI BHANU
REGION CODE ADDRESS : 152 WORCESTER LANE
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------------------
0 0031980931 MORTGAGORS: MCINTYRE MATTHEW
MCINTYRE KIMBERLY
REGION CODE ADDRESS : 5209 CREEKPOINT DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,392.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.35815
----------------------------------------------------------------------------
0 0031980956 MORTGAGORS: CASPER TRAVIS
CASPER SYLVIA
REGION CODE ADDRESS : 4202 CAT MOUNTAIN DRIVE,
01 CITY : AUSTIN,
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 340,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,274.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.64400
----------------------------------------------------------------------------
0 0031980980 MORTGAGORS: MC FADYEN JAY
MC FADYEN SUSAN
REGION CODE ADDRESS : 29019 WOODCREEK COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,697.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,454.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.51000
----------------------------------------------------------------------------
0 0031981194 MORTGAGORS: BROTHWELL ROBERT
BROTHWELL DEBORAH
REGION CODE ADDRESS : 495 HENRIETTA
01 CITY : LOS OSOS
STATE/ZIP : CA 93402
MORTGAGE AMOUNT : 265,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,752.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.98600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,925,350.00
P & I AMT: 13,027.07 UPB AMT: 1,921,680.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031981228 MORTGAGORS: NIKITIN VLADIMIR
NIKITIN OLGA
REGION CODE ADDRESS : 1589 SILACCI DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 330,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,048.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.87700
----------------------------------------------------------------------------
0 0031981301 MORTGAGORS: WOODARD JUDSON
WOODARD URSULA
REGION CODE ADDRESS : 10725 MINETTE DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.38800
----------------------------------------------------------------------------
0 0031981350 MORTGAGORS: BAHAN JOSEPH
BAHAN LAURA
REGION CODE ADDRESS : 5 PROSPECTOR COURT
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,165.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.36800
----------------------------------------------------------------------------
0 0031981475 MORTGAGORS: BARTH PAUL
BARTH CINDY
REGION CODE ADDRESS : 4 STALLION ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,776.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.36800
----------------------------------------------------------------------------
0 0031981491 MORTGAGORS: LEE SEI
FOO LILIAN
REGION CODE ADDRESS : 1925 ABREU WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,264.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,473,200.00
P & I AMT: 10,076.50 UPB AMT: 1,472,055.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031981582 MORTGAGORS: MUELLER STEVEN
MUELLER SHARON
REGION CODE ADDRESS : 28150 PALOS VERDES DRIVE EAST
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,659.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.32100
----------------------------------------------------------------------------
0 0031981590 MORTGAGORS: LOVIT LOUIS
LOVIT ELAINE
REGION CODE ADDRESS : 24132 PARK RIVIERA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 619,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,504.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,170.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.82300
----------------------------------------------------------------------------
0 0031981624 MORTGAGORS: AARONSON ROBERT
AARONSON LOUISE
REGION CODE ADDRESS : 16477 OLDHAM STREET ENCINO AREA
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 567,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,068.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,919.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.67100
----------------------------------------------------------------------------
0 0031981681 MORTGAGORS: MAGTIBAY RAMON
MAGTIBAY ESTELITA
REGION CODE ADDRESS : 766 LIMERICK LANE
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 316,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,234.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.98400
----------------------------------------------------------------------------
0 0031981699 MORTGAGORS: RASTAD ALI
RASTAD JALEH
REGION CODE ADDRESS : 22 GINGER LILY COURT
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 338,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,315.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,246,600.00
P & I AMT: 15,054.03 UPB AMT: 2,244,782.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031981830 MORTGAGORS: SLOWSKEI STEFAN
SLOWSKEI THERESA
REGION CODE ADDRESS : 1300 CAPISTRANO AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,722.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.60000
----------------------------------------------------------------------------
0 0031981954 MORTGAGORS: MARTIN KEITH
MARTIN KRISTI
REGION CODE ADDRESS : 34 HAWK HILL
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 287,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,475.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.38600
----------------------------------------------------------------------------
0 0031982085 MORTGAGORS: PRITCHARD RAWN
PRITCHARD MICHELLE
REGION CODE ADDRESS : 11 ETHEL COURT
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 418,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,289.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,926.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.73300
----------------------------------------------------------------------------
0 0031982127 MORTGAGORS: WILSON IAN
REGION CODE ADDRESS : 1025 NEWKIRK DRIVE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,444.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------------------
0 0031982192 MORTGAGORS: RIPP MICHAEL
REGION CODE ADDRESS : 68 PINE STREET
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,854,300.00
P & I AMT: 12,712.65 UPB AMT: 1,852,652.46
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031982630 MORTGAGORS: PARKS HARRY
PARKS AYAKO
REGION CODE ADDRESS : 28512 AVENIDA PLACIDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
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 : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.02700
----------------------------------------------------------------------------
0 0031982713 MORTGAGORS: MUNDAY HARDEEPAK
MUNDAY PARMINDER
REGION CODE ADDRESS : 6561 BALLYMORE LANE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 264,724.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,507.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031982887 MORTGAGORS: FONG YUKON
WONG VORNLEN
REGION CODE ADDRESS : 2013 SEABROOK COURT
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,115.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,448.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.34200
----------------------------------------------------------------------------
0 0031982895 MORTGAGORS: BRADFORD ANDREA
BRADFORD DAVID
REGION CODE ADDRESS : 4061 HEMINGWAY COMMONS
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,581.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------------------
0 0031982903 MORTGAGORS: KHUU THIEN
TRAN HA
REGION CODE ADDRESS : 2204 PETTIGREW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,759.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.87200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,696,924.00
P & I AMT: 11,387.77 UPB AMT: 1,694,680.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031982986 MORTGAGORS: MUKUND SHRIDHAR
SRIDHARAN SUJANA
REGION CODE ADDRESS : 2223 WOODBURY LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 453,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,504.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,015.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------------------
0 0031983026 MORTGAGORS: CASTELLANOS GUILLERMINA
CUADROS JUAN
REGION CODE ADDRESS : 208 MAKO LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 439,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,190.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,853.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------------------
0 0031983067 MORTGAGORS: CASTRO SAMSON
CASTRO FRANCISCA
REGION CODE ADDRESS : 2192 PETTIGREW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 272,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,884.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.24500
----------------------------------------------------------------------------
0 0031983133 MORTGAGORS: MATHEWS DOUGLAS
MATHEWS SANDRA
REGION CODE ADDRESS : 28 CENTAURUS WAY
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
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 : 01/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 61.06100
----------------------------------------------------------------------------
0 0031983158 MORTGAGORS: LUONG TIM
HUYNH TAMMY
REGION CODE ADDRESS : 1099 IVY GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 293,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,705.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.94700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,803,700.00
P & I AMT: 11,913.50 UPB AMT: 1,800,689.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031983265 MORTGAGORS: HAMMOND MICHAEL
HAMMOND DENISE
REGION CODE ADDRESS : 320 LA JOLLA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,752.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------------------
0 0031983273 MORTGAGORS: LY KHANG
LY FUNG
REGION CODE ADDRESS : 13865 YERBA SANTA COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 534,592.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,695.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.11200
----------------------------------------------------------------------------
0 0031983281 MORTGAGORS: PETERSON DAVID
REGION CODE ADDRESS : 1414 EDGECLIFF LANE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,752.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.60400
----------------------------------------------------------------------------
0 0031983307 MORTGAGORS: MCPHERSON RICHARD
BRINKS-MCPHERSON JANELL
REGION CODE ADDRESS : 8843 SOUTH HOLLAND COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80128
MORTGAGE AMOUNT : 313,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,371.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------------------
0 0031983489 MORTGAGORS: BERKLEY JOSEPH
BERKLEY MARY
REGION CODE ADDRESS : 3226 ERIE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,729.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.35100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,725,100.00
P & I AMT: 11,537.22 UPB AMT: 1,723,197.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031983497 MORTGAGORS: BAIRD JAMES
BAIRD JEANETTE
REGION CODE ADDRESS : 20 LA CASITA LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,689.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031983513 MORTGAGORS: OLSON JEFFREY
OLSON CAROLYN
REGION CODE ADDRESS : 923 SHORE BREEZE DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,488.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.95100
----------------------------------------------------------------------------
0 0031983539 MORTGAGORS: CARLSEN ROBERT
CARLSEN TESA
REGION CODE ADDRESS : 122 MADRID WAY
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,021.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031983547 MORTGAGORS: ASATRIAN ALEXAN
ASATRIAN SUSANNA
REGION CODE ADDRESS : 4040 BRAEBURN WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 518,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,631.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 57.56600
----------------------------------------------------------------------------
0 0031983554 MORTGAGORS: BUNNELL GARY
BUNNELL JACQUELINE
REGION CODE ADDRESS : 6012 MELITA GLEN PLACE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 388,570.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,281.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,716.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,952,170.00
P & I AMT: 13,184.92 UPB AMT: 1,950,112.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031983562 MORTGAGORS: HULL GEOFFREY
DONOHUE SHERRY
REGION CODE ADDRESS : 4358 BAKMAN AVENUE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,175.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031983570 MORTGAGORS: BRECHEEN ERIC
SMITH JENNIFER
REGION CODE ADDRESS : 413 CURIE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,285.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031983653 MORTGAGORS: CAMPELL MARIA
KEUFTEDJIAN ALBERT
REGION CODE ADDRESS : 2712 TROUSDALE DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,129.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,367.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.64200
----------------------------------------------------------------------------
0 0031983687 MORTGAGORS: GALLAGHER BRIAN
GALLAGHER MICHELLE
REGION CODE ADDRESS : 1371 CANTON AVENUE
01 CITY : MILTON
STATE/ZIP : MA 02186
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.88400
----------------------------------------------------------------------------
0 0031983711 MORTGAGORS: MERRILL DAVID
REGION CODE ADDRESS : 8 BIG ROCK ROAD
01 CITY : MANCHESTER
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.68800
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,686,650.00
P & I AMT: 11,653.29 UPB AMT: 1,684,675.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031983760 MORTGAGORS: BLEVINS COY
BLEVINS ETTA
REGION CODE ADDRESS : LOT 8/M SAND MYRTLE TRAIL
01 CITY : DENSTIN
STATE/ZIP : FL 32541
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,360.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------------------
0 0031983778 MORTGAGORS: LOPEZ HECTOR
LOPEZ PATRICIA
REGION CODE ADDRESS : 3785 ALBATROSS STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.78260
----------------------------------------------------------------------------
0 0031983802 MORTGAGORS: ELDREDGE ERNEST
ELDREDGE DEBORAH
REGION CODE ADDRESS : 8289 TABOR LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.18700
----------------------------------------------------------------------------
0 0031983828 MORTGAGORS: MILES JEFFERY
MILES JULIE
REGION CODE ADDRESS : 14037 SADDLE RIVER DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,350.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031983851 MORTGAGORS: ZHANG LISHENG
MA WEIPING
REGION CODE ADDRESS : 37509 SUMMER HOLLY COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,192.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.79400
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,485,000.00
P & I AMT: 10,436.34 UPB AMT: 1,482,217.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031983885 MORTGAGORS: COPELAND TIMOTHY
COPELAND RUTHANN
REGION CODE ADDRESS : 13601 GOLDEN RIDGE LANE
01 CITY : MC CORDSVILLE
STATE/ZIP : IN 46055
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,273.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,165.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.83800
----------------------------------------------------------------------------
0 0031983968 MORTGAGORS: SACKS TERRY
SACKS PEGGY
REGION CODE ADDRESS : 39313 LOGAN DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031984123 MORTGAGORS: GONI JESUS
GONI ELENA
REGION CODE ADDRESS : 20551 PORTER RANCH ROAD
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 306,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,604.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,067.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------------------
0 0031985443 MORTGAGORS: JOHNSON DAVID
JOHNSON LAURA
REGION CODE ADDRESS : 10425 REMINGTON LANE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,805.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99058
----------------------------------------------------------------------------
0 0031985450 MORTGAGORS: KENYON JAMES
KENYON JANET
REGION CODE ADDRESS : 1407 STONEHEDGE DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,294.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,559,800.00
P & I AMT: 10,634.55 UPB AMT: 1,557,601.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031985567 MORTGAGORS: WOLKOWITZ OWEN
NEGLEY JANET
REGION CODE ADDRESS : 4142 WILLMAR DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 51.42800
----------------------------------------------------------------------------
0 0031985609 MORTGAGORS: SERRANO ERNEST
SERRANO JOAN
REGION CODE ADDRESS : 11906 DAPPLE WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 276,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,998.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.77770
----------------------------------------------------------------------------
0 0031985617 MORTGAGORS: WIENER DAVID
YOUNGDALE SUSAN
REGION CODE ADDRESS : 5362 RENAISSANCE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,422.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.07800
----------------------------------------------------------------------------
0 0031985625 MORTGAGORS: SAMUELS DAVID
SAMUELS NADINE
REGION CODE ADDRESS : 2524-2526 PIEDMONT AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94704
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 : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.84120
----------------------------------------------------------------------------
0 0031985724 MORTGAGORS: NGUYEN PHU
LUYEN TRUC
REGION CODE ADDRESS : 7836 EAST BRIARWOOD ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,744,400.00
P & I AMT: 11,928.81 UPB AMT: 1,742,553.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031985880 MORTGAGORS: MARTIN MERRILL
MARTIN MICHELLE
REGION CODE ADDRESS : 2646 EATON AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,300.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.64200
----------------------------------------------------------------------------
0 0031985930 MORTGAGORS: VONDERACH CHARLES
VONDERACH CHRISTINE
REGION CODE ADDRESS : 2394 NORMANDY CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,471.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.84200
----------------------------------------------------------------------------
0 0031985948 MORTGAGORS: SHIM GUN
SHIM JAE
REGION CODE ADDRESS : 646 ELISKA COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,496.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------------------
0 0031985989 MORTGAGORS: LEE CHRISTOPHER
LEE CHRISTINA
REGION CODE ADDRESS : 283 JASMINE WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,298.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,056.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031986011 MORTGAGORS: RAMAN STEPHEN
RAMAN YOLANDA
REGION CODE ADDRESS : 9340 E PELTIER ROAD
01 CITY : ACAMPO
STATE/ZIP : CA 95220
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,985.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,872,400.00
P & I AMT: 12,958.05 UPB AMT: 1,869,552.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031986052 MORTGAGORS: JAVAN ALIREZA
REGION CODE ADDRESS : 3433 SUMMERSET CIRCLE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,385.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031986086 MORTGAGORS: FAZIO GREG
FAZIO MICHELLE
REGION CODE ADDRESS : 11570 DESERT HOLLY DR. E.
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,035.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 82.23800
----------------------------------------------------------------------------
0 0031986102 MORTGAGORS: MC CUNE MARTHA
MC CUNE WILL
REGION CODE ADDRESS : 912 SAN ANTONIO AVENUE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,533.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 49.39100
----------------------------------------------------------------------------
0 0031986151 MORTGAGORS: POJE JIM
POJE SANDRA
REGION CODE ADDRESS : 212 AUGUSTA LANE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 351,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,371.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------------------
0 0031986169 MORTGAGORS: NEWLIN JOHN
REGION CODE ADDRESS : 1219-1221 ARGUELLO BOULEVARD
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 363,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,958.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.21700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,539,750.00
P & I AMT: 10,388.88 UPB AMT: 1,537,284.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031986235 MORTGAGORS: ANDERSON BRUCE
ANDERSON SUSAN
REGION CODE ADDRESS : 4540 WEST 4350 SOUTH
01 CITY : WEST HAVEN
STATE/ZIP : UT 84315
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 : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031986292 MORTGAGORS: CHIKAMURA MICHAEL
ENG-CHIKAMURA DEENA
REGION CODE ADDRESS : 2604 MONTE CRESTA DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
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 : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------------------
0 0031986359 MORTGAGORS: SHIPMAN JOHN
SHIPMAN TAMARA
REGION CODE ADDRESS : 1314 ASHWOOD COURT
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 541,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,652.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,693.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.68965
----------------------------------------------------------------------------
0 0031986383 MORTGAGORS: COUCH JAMES
COUCH SANDRA
REGION CODE ADDRESS : 2173 RANCHWOOD PLACE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 278,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,737.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98380
----------------------------------------------------------------------------
0 0031986391 MORTGAGORS: EDWARDS JOHN
HIGASHI PAULA
REGION CODE ADDRESS : 530 STETSON STREET
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,242.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,179.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.61500
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,947,450.00
P & I AMT: 13,380.42 UPB AMT: 1,944,938.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031986425 MORTGAGORS: CULLINANE MICHAEL
CULLINANE COLLEEN
REGION CODE ADDRESS : 2101 SAFFRON WAY
01 CITY : FALL BROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,446.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031986441 MORTGAGORS: SARAN NAVIN
SRIVASTAVA SUDAH
REGION CODE ADDRESS : 4954 FIRENZA DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,724.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.76760
----------------------------------------------------------------------------
0 0031986458 MORTGAGORS: DAVIDSON ARLENE
SAND ARLENE
REGION CODE ADDRESS : 1139-1141 TREMAINE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90019
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,749.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.88800
----------------------------------------------------------------------------
0 0031986524 MORTGAGORS: LORENZ PAUL
LORENZ LORI
REGION CODE ADDRESS : 10262 RUE ST. JACQUES
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
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 : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.01140
----------------------------------------------------------------------------
0 0031986532 MORTGAGORS: FLEMING GORDON
MCMULLIN-FLEMING DENISE
REGION CODE ADDRESS : 6735 SURBITON DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,721.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,764,000.00
P & I AMT: 12,222.84 UPB AMT: 1,762,387.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031986581 MORTGAGORS: CARFAGNO STEVE
CARFAGNO MICHELLE
REGION CODE ADDRESS : 9801 STAR DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,507.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031987431 MORTGAGORS: PORTER STEVEN
PORTER PAMELA
REGION CODE ADDRESS : 9561 ONSET CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,746.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.10000
----------------------------------------------------------------------------
0 0031987464 MORTGAGORS: JACKSON BRUCE
REGION CODE ADDRESS : 2201 MARINE STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,723.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.88200
----------------------------------------------------------------------------
0 0031988132 MORTGAGORS: GHASSEMI CYRUS
GHASSEMI MARIE
REGION CODE ADDRESS : 22946 DARIEN STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,762.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------------------
0 0031988215 MORTGAGORS: LYONS VICTORIA
REGION CODE ADDRESS : SANTA FE STREET
01 CITY : CARMEL
STATE/ZIP : CA 93921
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,715.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.03100
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,602,000.00
P & I AMT: 10,724.42 UPB AMT: 1,600,455.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031988223 MORTGAGORS: OSTRONIC FRANCIS
OSTRONIC JUDITH
REGION CODE ADDRESS : 8323 TURNBERRY COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,590.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.27900
----------------------------------------------------------------------------
0 0031988231 MORTGAGORS: HAMBLIN CALVIN
STORER LINDA
REGION CODE ADDRESS : 8 TREERIDGE LANE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 419,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,656.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,787.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.18100
----------------------------------------------------------------------------
0 0031988249 MORTGAGORS: WISEMAN BRIAN
WISEMAN LESLI
REGION CODE ADDRESS : 10 NORTH 742 WILLIAMSBURG DRIVE
01 CITY : ELGIN
STATE/ZIP : IL 60123
MORTGAGE AMOUNT : 303,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,544.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.91100
----------------------------------------------------------------------------
0 0031988306 MORTGAGORS: COHEN ANDREW
COHEN DENISE
REGION CODE ADDRESS : 30224 VIA RIVERA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 266,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,147.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.14400
----------------------------------------------------------------------------
0 0031988405 MORTGAGORS: MCGRATH-CAMARILLO MARY
REGION CODE ADDRESS : 2205 BROADMOOR COURT
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 266,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,601.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.04600
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,755,950.00
P & I AMT: 11,815.01 UPB AMT: 1,754,540.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031988447 MORTGAGORS: FAINSTEIN BERNARD
FAINSTEIN MARION
REGION CODE ADDRESS : 29118 WEST OAK PATH DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,284.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.89700
----------------------------------------------------------------------------
0 0031988488 MORTGAGORS: MILLER JAMES
MILLER TAMMY
REGION CODE ADDRESS : 1040 EAST SAN ANTONIO AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 255,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,595.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 81.20600
----------------------------------------------------------------------------
0 0031988512 MORTGAGORS: O'NEIL WILLIAM
O'NEIL MARY
REGION CODE ADDRESS : 1742 NORTH HALE AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,243.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.77090
----------------------------------------------------------------------------
0 0031988538 MORTGAGORS: SMITH JEFFREY
REGION CODE ADDRESS : 5701 MADRID LANE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 345,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,380.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.81100
----------------------------------------------------------------------------
0 0031988546 MORTGAGORS: LEE JOHN
LEE JUNE
REGION CODE ADDRESS : 641 VIA LOS MIRADORES
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,631.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.77000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,641,450.00
P & I AMT: 11,047.11 UPB AMT: 1,640,134.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031988587 MORTGAGORS: FRASER KEITH
FRASER MARILYN
REGION CODE ADDRESS : 280 MONTEREY DUNES WAY
01 CITY : CASTROVILLE
STATE/ZIP : CA 95012
MORTGAGE AMOUNT : 299,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,048.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 48.66600
----------------------------------------------------------------------------
0 0031988678 MORTGAGORS: EVERDING MICHAEL
HAYWOOD-EVERDING SUSAN
REGION CODE ADDRESS : 807 CRESTMOORE PLACE,
01 CITY : LOS ANGELES,
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,741.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------------------
0 0031988769 MORTGAGORS: LEVY PAMELA
REGION CODE ADDRESS : 5 WADSWORTH
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,875.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------------------
0 0031988801 MORTGAGORS: CHYN DER-LIN
CHYN LI MING
REGION CODE ADDRESS : 2348 34TH AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,566.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.00000
----------------------------------------------------------------------------
0 0031988827 MORTGAGORS: BENSON EUGENE
BENSON ANNE
REGION CODE ADDRESS : 540 ATHERTON AVENUE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 432,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,879.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,022.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.16520
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,559,800.00
P & I AMT: 10,471.51 UPB AMT: 1,558,111.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031988868 MORTGAGORS: DIBASILIO DONNA
ZANETTI TRAMONTI
REGION CODE ADDRESS : 736 BAMBOO TERRACE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------------------
0 0031989056 MORTGAGORS: CULLEN JOHN
POPE-CULLEN ANA
REGION CODE ADDRESS : 3005 MCGLENN DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,780.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------------------
0 0031990187 MORTGAGORS: BECKER ROBERT
BANGASSER-BECKER MARY
REGION CODE ADDRESS : 5269 140TH AVENUE NORTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98005
MORTGAGE AMOUNT : 433,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,695.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,881.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.49000
----------------------------------------------------------------------------
0 0031990369 MORTGAGORS: FROST JAMES
REGION CODE ADDRESS : 10260 WHISKEY HILL LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,454.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.38300
----------------------------------------------------------------------------
0 0031990385 MORTGAGORS: CERKLESKI RICHARD
CERKLESKI BONNIE
REGION CODE ADDRESS : 2560 LOCH WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,329.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.21000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,803,050.00
P & I AMT: 12,346.49 UPB AMT: 1,801,041.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031990393 MORTGAGORS: MURRAY LARRY
MURRAY DEBORAH
REGION CODE ADDRESS : 22405 GOLDRUSH
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,275.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------------------
0 0031990427 MORTGAGORS: FERREIRA BRENTFORD
FERREIRA CLAIRE
REGION CODE ADDRESS : 298 COVINA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,255.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------------------
0 0031990435 MORTGAGORS: JACKSON JAMES
JACKSON PATRICIA
REGION CODE ADDRESS : 16162 WHITECAP LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,531.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031990617 MORTGAGORS: VAUGHN STEVEN
VAUGHN DIANA
REGION CODE ADDRESS : 2222 AMHERST WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,738.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.74300
----------------------------------------------------------------------------
0 0031990633 MORTGAGORS: MUNSON ROBERT
MUNSON DEBRA
REGION CODE ADDRESS : 64 LEWIS
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,783.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,802,000.00
P & I AMT: 12,264.66 UPB AMT: 1,800,585.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031990658 MORTGAGORS: CAMACHO RHAMCIE
CAMACHO MARILOU
REGION CODE ADDRESS : 1933 ABREU WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 317,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,608.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------------------
0 0031991045 MORTGAGORS: ROSS STEVEN
ROSS SUSAN
REGION CODE ADDRESS : 2573 PICCADILLY CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,764.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------------------
0 0031993074 MORTGAGORS: CAMPI JAMES
CAMPI DEADRA
REGION CODE ADDRESS : 2790 THOMAS GRADE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,611.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.25000
----------------------------------------------------------------------------
0 0031993082 MORTGAGORS: DO FRANK
DO MELANIE
REGION CODE ADDRESS : 19 SUNRISE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,662.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.89700
----------------------------------------------------------------------------
0 0031993330 MORTGAGORS: CUNDY WILLIAM
CUNDY KATHRYN
REGION CODE ADDRESS : 21634 MARTY ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95033
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.22200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,819,850.00
P & I AMT: 12,408.67 UPB AMT: 1,818,428.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031993413 MORTGAGORS: WETZEL JEFFREY
REGION CODE ADDRESS : 2144 LINDA FLORA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,659.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,974.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.55800
----------------------------------------------------------------------------
0 0031993462 MORTGAGORS: BIRNBAUM MOE
BIRNBAUM WENDY
REGION CODE ADDRESS : 21515 198TH AVENUE EAST,
01 CITY : ORTING,
STATE/ZIP : WA 98360
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------------------
0 0031993520 MORTGAGORS: SCOTT CRAIG
SCOTT TERESA
REGION CODE ADDRESS : 1821 123RD AVENUE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98005
MORTGAGE AMOUNT : 266,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,026.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031993736 MORTGAGORS: SCHNEIDER ROBERT
HENTHORN JULIE
REGION CODE ADDRESS : 3647 CODY ROAD
01 CITY : LOS ANGELES SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 420,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,072.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,867.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.21800
----------------------------------------------------------------------------
0 0031993793 MORTGAGORS: WHYMAN LARRY
WHYMAN DOROTHY
REGION CODE ADDRESS : 1183 ELM AVENUE
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,714.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,714,650.00
P & I AMT: 11,474.37 UPB AMT: 1,713,259.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031993819 MORTGAGORS: COBAR SALVADOR
COBAR ESTHER
REGION CODE ADDRESS : 5861 ARTHUR DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.91000
----------------------------------------------------------------------------
0 0031994197 MORTGAGORS: GOTTFURCHT JOHN
GOTTFURCHT AMY
REGION CODE ADDRESS : 268 SOUTH LASKY DRIVE #302
01 CITY : BEVELRY HILLS
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,684.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------------------
0 0031994247 MORTGAGORS: POTTER WILLIAM
REGION CODE ADDRESS : 21291 PINEBLUFF DRIVE
01 CITY : TRABUCO CANYON (AREA)
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 356,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,457.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.32200
----------------------------------------------------------------------------
0 0031994262 MORTGAGORS: YOCUM DON
MORGAN ALISON
REGION CODE ADDRESS : 608 SUNFLOWER COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,701.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.03700
----------------------------------------------------------------------------
0 0031994338 MORTGAGORS: KEMPKEY EDWIN
KEMPKEY KERRY
REGION CODE ADDRESS : 1055 LORRAINE DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,707.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.87200
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,781,750.00
P & I AMT: 11,853.43 UPB AMT: 1,780,289.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031994429 MORTGAGORS: VYENIELO PAUL
VYENIELO TRACI
REGION CODE ADDRESS : 4835 PAULSEN LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 94572
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031994478 MORTGAGORS: AVINS ANDREW
KUPPERMANN-AVINS MIRIAM
REGION CODE ADDRESS : 307 KENT AVENUE
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
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 : 01/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.78300
----------------------------------------------------------------------------
0 0031994494 MORTGAGORS: LA NOUE MICHAEL
LA NOUE LORI
REGION CODE ADDRESS : 8511 CALMADA AVENUE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,297.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------------------
0 0031994536 MORTGAGORS: BARNEY MAURICE
BARNEY DONNA
REGION CODE ADDRESS : 1511 2ND STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,674.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031994668 MORTGAGORS: PRICE SCOTT
PRICE PATRICIA
REGION CODE ADDRESS : 54 PACHECO CREEK
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,612.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.64601
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,033,500.00
P & I AMT: 13,653.56 UPB AMT: 2,031,860.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031994692 MORTGAGORS: CHRISTOPHERSON JOHN
CHRISTOPHERSON STEPHANIE
REGION CODE ADDRESS : 13691 JENET CIRCLE
01 CITY : SANTA ANA (AREA)
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------------------
0 0031994759 MORTGAGORS: HENRY KIM
ANGUS LESLIE
REGION CODE ADDRESS : 371 COUNTRYSIDE DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,633.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 88.53800
----------------------------------------------------------------------------
0 0031994783 MORTGAGORS: WALLACE GARY
WALLACE MARDI
REGION CODE ADDRESS : 927 SOUTH CREEKVIEW LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,741.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031995806 MORTGAGORS: EDGINTON CARL
EDGINTON ANGELIQUE
REGION CODE ADDRESS : 207 CATHERINE PARK DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
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 : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031995822 MORTGAGORS: SJOHOLM-SIERCHIO KRISTI
REGION CODE ADDRESS : 10312 RIDGEVIEW COURT
01 CITY : RANCH CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,278.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.56700
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,519,500.00
P & I AMT: 10,188.53 UPB AMT: 1,518,171.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031996291 MORTGAGORS: FONGSON DARRELL
FONGSON ARLENE
REGION CODE ADDRESS : 20780 SEVILLA LANE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,735.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 40.82300
----------------------------------------------------------------------------
0 0031996317 MORTGAGORS: OTA CEDRIC
OTA GAIL
REGION CODE ADDRESS : 2247 HALAKAU STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,587.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,225.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.46666
----------------------------------------------------------------------------
0 0031996515 MORTGAGORS: TAGHDIRI HAMID
TAGHDIRI PARI
REGION CODE ADDRESS : 1245 GOLD FLOWER ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,726.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,394.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------------------
0 0031996549 MORTGAGORS: NALBANDIAN ANDREW
NALBANDIAN REBECCA
REGION CODE ADDRESS : 6010 MORGAN PLACE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,687.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------------------
0 0031996630 MORTGAGORS: RODEZNO JULIO
RODEZNO ELMA
REGION CODE ADDRESS : 844 IRIS AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,733.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.61290
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,786,100.00
P & I AMT: 12,039.38 UPB AMT: 1,784,470.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031996689 MORTGAGORS: NG VINCENT
NG LYDIA
REGION CODE ADDRESS : 3151 APPERSON RIDGE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,531.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031996747 MORTGAGORS: MCKIM ROBERT
REGION CODE ADDRESS : 716 WALNUT AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,235.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,093.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0031996754 MORTGAGORS: KENNEY MICHAEL
KENNEY JULIE
REGION CODE ADDRESS : 6945 EAST OVERLOOK TERRACE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 593,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,159.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,150.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.20000
----------------------------------------------------------------------------
0 0031996846 MORTGAGORS: NGUYEN HUNG
NGUYEN TAM
REGION CODE ADDRESS : 61 PARK GROTON PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,579.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031996879 MORTGAGORS: BLAKLEY SEAN
BLAKLEY LISA
REGION CODE ADDRESS : 5208 LEESA ANN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 286,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,940.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,899,200.00
P & I AMT: 12,933.99 UPB AMT: 1,896,446.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031996887 MORTGAGORS: MILLER WILLIAM
MILLER FRANCES
REGION CODE ADDRESS : 520 ROCKAWAY BEACH AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,042.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031996937 MORTGAGORS: HALL EUGENE
HALL PATRICIA
REGION CODE ADDRESS : 205 PEEBLES AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,520.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.18699
----------------------------------------------------------------------------
0 0031996994 MORTGAGORS: JACKSON MICHAEL
JACKSON KATHLEEN
REGION CODE ADDRESS : 7391 EAST NIGHTHAWK CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,735.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.16666
----------------------------------------------------------------------------
0 0031997000 MORTGAGORS: SOTELO RICH
SOTELO BENAY
REGION CODE ADDRESS : 6909 LENWOOD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,250.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.93702
----------------------------------------------------------------------------
0 0031997034 MORTGAGORS: BLACKWELL TIMOTHY
BLACKWELL NITA
REGION CODE ADDRESS : 27022 DEW DROP ROAD
01 CITY : PIONEER
STATE/ZIP : CA 95666
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,188.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,489,650.00
P & I AMT: 10,034.86 UPB AMT: 1,487,736.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031997042 MORTGAGORS: BAZZINI ALAN
BAZZINI CHERYL
REGION CODE ADDRESS : 12546 BROOKVIEW MANOR DRIVE
01 CITY : BELLA VISTA
STATE/ZIP : CA 96008
MORTGAGE AMOUNT : 321,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,080.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.99416
----------------------------------------------------------------------------
0 0031997711 MORTGAGORS: SHEFTER MILTON
SHEFTER JOY
REGION CODE ADDRESS : 512 NORTH WALDEN DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,610.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,160.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 31.25000
----------------------------------------------------------------------------
0 0031998123 MORTGAGORS: BACICA NICHOLAS
REGION CODE ADDRESS : 229 MONTEREY STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,631.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.06400
----------------------------------------------------------------------------
0 0031998339 MORTGAGORS: MIZOKAWA YOSHITAKA
MIZOKAWA HISAYO
REGION CODE ADDRESS : 6530 CERTA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 304,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,650.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.36585
----------------------------------------------------------------------------
0 0031998354 MORTGAGORS: GROSS ERIC
VILLA GLORIA
REGION CODE ADDRESS : 10562 VALMAY AVENUE NORTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,754.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,843,250.00
P & I AMT: 12,211.83 UPB AMT: 1,841,726.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0031998537 MORTGAGORS: YOUNG STEVEN
REGION CODE ADDRESS : 4096 BEACON PLACE
01 CITY : DISCOVERY BAY
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,704.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0031998545 MORTGAGORS: GLASS EDWARD
GLASS PILAR
REGION CODE ADDRESS : 27335 WEATHERSFILED DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,753.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.56200
----------------------------------------------------------------------------
0 0031998834 MORTGAGORS: MAKEM ALBERT
MAKEM JUDITH
REGION CODE ADDRESS : 25082 CAROLWOOD
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,277.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.69500
----------------------------------------------------------------------------
0 0031999097 MORTGAGORS: TONG BRIAN
DICKENS JUDITH
REGION CODE ADDRESS : 313 VISTA BAYA
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 317,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,970.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0032000333 MORTGAGORS: O'ROURKE ROBERT
O'ROURKE CHRISTINE
REGION CODE ADDRESS : 9449 ALHAMBRA AVENUE,
01 CITY : STOCKTON,
STATE/ZIP : CA 95212
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,714.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,610,700.00
P & I AMT: 10,896.17 UPB AMT: 1,609,420.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0032000416 MORTGAGORS: O'CONNELL PATRICK
O'CONNELL TIEW
REGION CODE ADDRESS : 6420 MERLIN DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 298,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,278.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.80487
----------------------------------------------------------------------------
0 0032001810 MORTGAGORS: ABERSMAN DONNA
ABERSMAN ALLEN
REGION CODE ADDRESS : 252 AVENIDA GRANADA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,721.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.17391
----------------------------------------------------------------------------
0 0070002225 MORTGAGORS: MCMAHON BRIAN
MCMAHON ALISON
REGION CODE ADDRESS : 103 EAST MISSISSIPPI
01 CITY : HAVEN BEACH
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 263,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,310.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.44413
----------------------------------------------------------------------------
0 0070315213 MORTGAGORS: HANDRIS MARK
HANDRIS KIRSTIN
REGION CODE ADDRESS : 2096 VOLPP STREET
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,316.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 77.27273
----------------------------------------------------------------------------
0 0070322946 MORTGAGORS: SWANTAK ANDREW
SWANTAK JUDY
REGION CODE ADDRESS : 178 73RD STREET
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,655.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 63.89776
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,918,800.00
P & I AMT: 13,298.73 UPB AMT: 1,912,282.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070390000 MORTGAGORS: FOOTE JESSE
REGION CODE ADDRESS : 31 WEST MEADOW ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,174.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,316.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------------------
0 0070397393 MORTGAGORS: PATTEE PHILLIP
LIN SUSAN
REGION CODE ADDRESS : 321 323 LOS GATOS BLVD
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,289.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0070407994 MORTGAGORS: MOTO KEMAL
REGION CODE ADDRESS : 797 NORTHEAST 33RD
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 808,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 805,252.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,928.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 58.55072
----------------------------------------------------------------------------
0 0070421755 MORTGAGORS: SPENCER WILLIAM
SPENCER DEBRA
REGION CODE ADDRESS : 1702 MACERO STREET
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,411.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.61194
----------------------------------------------------------------------------
0 0070422498 MORTGAGORS: DEMARTINI ERNIE
DEMARTINI EVA
REGION CODE ADDRESS : 500 BAY DRIVE
01 CITY : LAHAINA
STATE/ZIP : HI 96761
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,413.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,299.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,430,000.00
P & I AMT: 17,407.24 UPB AMT: 2,419,542.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070431085 MORTGAGORS: SESKIN SANFORD
SESKIN NOREEN
REGION CODE ADDRESS : 17032 NORTHWAY CIRCLE
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 621,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,226.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,452.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 66.82258
----------------------------------------------------------------------------
0 0070451877 MORTGAGORS: STOLOFF GARY
STONE ALICE
REGION CODE ADDRESS : 29 RUTLAND SQUARE
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,337.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,469.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 47.90698
----------------------------------------------------------------------------
0 0070460282 MORTGAGORS: FANTOZZI MARK
FANTOZZI MARILYNE
REGION CODE ADDRESS : 10915 LINDA VISTA DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,972.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 35.54217
----------------------------------------------------------------------------
0 0070460597 MORTGAGORS: TALARICO GARY
TALARICO DIANE
REGION CODE ADDRESS : 1263 ROSEMONT RD
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,032.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 65.45455
----------------------------------------------------------------------------
0 0070461306 MORTGAGORS: DENE BROOKE
REGION CODE ADDRESS : 55 OAK GROVE RD
01 CITY : SOUTHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,438.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,291,450.00
P & I AMT: 16,132.71 UPB AMT: 2,284,006.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070490818 MORTGAGORS: CARRICK WILLIAM
REGION CODE ADDRESS : 2866 BELDEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 493,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,624.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,405.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.86842
----------------------------------------------------------------------------
0 0070492871 MORTGAGORS: FRYER MICHAEL
FRYER SUZANNE
REGION CODE ADDRESS : 3875 COTTONWOOD DR
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 472,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,093.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,064.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0070497441 MORTGAGORS: KRISHNAMURTH ANIL
NAGARAJA PADMINI
REGION CODE ADDRESS : 1172 WALNUT VALLEY LANE
01 CITY : CENTERVILLE
STATE/ZIP : OH 45458
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,790.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.61538
----------------------------------------------------------------------------
0 0070498613 MORTGAGORS: SINGER JEFFREY
SINGER JILL
REGION CODE ADDRESS : 47766 MARINER COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 246,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,342.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.59701
----------------------------------------------------------------------------
0 0070504048 MORTGAGORS: GOSIK GARY
GOSIK JUDITH
REGION CODE ADDRESS : 896 COUNTY ROAD
01 CITY : BLACKHAWK
STATE/ZIP : CO 80422
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 : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.55556
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,711,050.00
P & I AMT: 11,388.33 UPB AMT: 1,709,646.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070504790 MORTGAGORS: SUSSMAN ARNOLD
REGION CODE ADDRESS : 6912 CARMICHAEL AVENUE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 578,667.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,005.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 67.05202
----------------------------------------------------------------------------
0 0070507629 MORTGAGORS: LEEUW JAMES
LEEUW SHERI
REGION CODE ADDRESS : 504 MORAINE WAY
01 CITY : HEATH
STATE/ZIP : TX 75087
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,569.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0070508783 MORTGAGORS: MCGURRIN MICHAEL
CADIEUX GENA
REGION CODE ADDRESS : 8407 HUNT VALLEY DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,708.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/24
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.16099
----------------------------------------------------------------------------
0 0070540562 MORTGAGORS: PENARANDA RUBEN
REGION CODE ADDRESS : 4000 SANTA MARIA STREET
01 CITY : CORAL GABLE
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,765.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------------------
0 0070541941 MORTGAGORS: LANGHOLTZ JOEL
LANGHOLTZ SHEILA
REGION CODE ADDRESS : 22 REYNOLDS LANE
01 CITY : KATONAH
STATE/ZIP : NY 10536
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,360.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/19
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 36.45726
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,149,000.00
P & I AMT: 15,347.97 UPB AMT: 2,145,072.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070542212 MORTGAGORS: SCHNEIDER DALE
SCHNEIDER SALLY
REGION CODE ADDRESS : 8581 CROCKETT CIRCLE
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,764.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0070543335 MORTGAGORS: BALSAM JEFFREY
REGION CODE ADDRESS : 1616 MILLSTONE ROAD
01 CITY : SAG HARBOR
STATE/ZIP : NY 11963
MORTGAGE AMOUNT : 587,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 586,467.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,463.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------------------
0 0070590807 MORTGAGORS: BOCK GUSTAVUS
BOCK JACQUELINE
REGION CODE ADDRESS : 40310 CALLE DE SUENOS
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,683.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,978.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.06015
----------------------------------------------------------------------------
0 0070597042 MORTGAGORS: NG JERRY
RUND DOROTHY
REGION CODE ADDRESS : 25729 NORTH HOODWAY
01 CITY : STEVENSON R
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 308,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,253.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98755
----------------------------------------------------------------------------
0 0070603113 MORTGAGORS: NELSON JOHN
NELSON LANEY
REGION CODE ADDRESS : 337 ENDICOTT COURT
01 CITY : WALNUT CREE
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 410,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,843.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,731.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.39130
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,012,200.00
P & I AMT: 14,090.68 UPB AMT: 2,010,013.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070604467 MORTGAGORS: MC CULLOUGH GARY
MC CULLOUGH CAROL
REGION CODE ADDRESS : 750 CREEKWOOD DRIVE NORTH
01 CITY : FAIRVIEW
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 326,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,658.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.63333
----------------------------------------------------------------------------
0 0070604699 MORTGAGORS: RIZZO JANE
REGION CODE ADDRESS : 38 BRYANT STREET
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94105
MORTGAGE AMOUNT : 355,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,322.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.90000
----------------------------------------------------------------------------
0 0070606017 MORTGAGORS: RICHARDS RONALD
RICHARDS PATRICIA
REGION CODE ADDRESS : 5 MAHER ROAD
01 CITY : SOMERSET
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 375,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,207.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.05263
----------------------------------------------------------------------------
0 0070606918 MORTGAGORS: MAIMONE RAYMOND
MAIMONE MARIA
REGION CODE ADDRESS : 812 SUSSEX ROAD
01 CITY : FRANKLIN LA
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,594.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,963.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.88235
----------------------------------------------------------------------------
0 0070619200 MORTGAGORS: WESTBROOK CAROL
REGION CODE ADDRESS : 1032 WEST DIVERSEY PARKWAY
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,651.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,049.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,064,950.00
P & I AMT: 14,230.05 UPB AMT: 2,061,433.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070621461 MORTGAGORS: GRADITOR MARSHALL
GRADITOR SUSAN
REGION CODE ADDRESS : 4437 TEDREGAL COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,550.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,929.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.27027
----------------------------------------------------------------------------
0 0070621487 MORTGAGORS: NORDHEIMER MARYANN
REGION CODE ADDRESS : 6400 GOLDLEAF DR
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,671.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,871.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.69159
----------------------------------------------------------------------------
0 0070625538 MORTGAGORS: EMERICK CHARLES
EMERICK CONNIE
REGION CODE ADDRESS : 1177 EL MEDIO AVENUE
01 CITY : PACIFIC PAL
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 489,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,908.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,296.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.40741
----------------------------------------------------------------------------
0 0070625769 MORTGAGORS: HURWIT JEFFREY
GREENSPAN ELIZABETH
REGION CODE ADDRESS : 30 KINGSTON ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02461
MORTGAGE AMOUNT : 308,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,834.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 59.82524
----------------------------------------------------------------------------
0 0070630173 MORTGAGORS: MCCONNELL IAN
REGION CODE ADDRESS : 6 8 ADAMS TERRACE
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,664.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 66.66667
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,214,400.00
P & I AMT: 14,925.75 UPB AMT: 2,212,629.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070634522 MORTGAGORS: PIERCE JANICE
REGION CODE ADDRESS : 2221 WEST VIEWMONT WAY W
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 747,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 746,114.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,810.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/29
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 64.95652
----------------------------------------------------------------------------
0 0070635552 MORTGAGORS: RAMO AHMAD
RAMO ZAFAR
REGION CODE ADDRESS : 2308 AMITY ST
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 449,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,698.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,294.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.75214
----------------------------------------------------------------------------
0 0070640230 MORTGAGORS: VOS WAYNE
VOS SUSAN
REGION CODE ADDRESS : 5220 STONEHAVEN DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,943.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.43925
----------------------------------------------------------------------------
0 0070645106 MORTGAGORS: DIPPREY NEIL
DIPPREY DEBORAH
REGION CODE ADDRESS : 3413 N POINSETTIA AVENUE
01 CITY : MANHATTAN B
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,612.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------------------
0 0070648381 MORTGAGORS: BRENNAN TERRENCE
BRENNAN VICTORIA
REGION CODE ADDRESS : 19665 FALCON RIDGE LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
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 : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,316,000.00
P & I AMT: 16,536.17 UPB AMT: 2,313,118.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070651658 MORTGAGORS: BAND DAVID
BAND DEBRA
REGION CODE ADDRESS : 3599 WELLESLY AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
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 : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.05943
----------------------------------------------------------------------------
0 0070651880 MORTGAGORS: LOTT RONALD
LOTT KAREN
REGION CODE ADDRESS : 11342 CANYON VIEW CIRCLE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 750,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 749,429.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,180.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 35.71429
----------------------------------------------------------------------------
0 0070657689 MORTGAGORS: FRINCKE HAROLD
FRINCKE ELIZABETH
REGION CODE ADDRESS : 51 ANTIGUA CT
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,773.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0070670286 MORTGAGORS: KUTSUNA EISUKE
KUTSUNA AIKO
REGION CODE ADDRESS : 1617 WELLESLEY DR
01 CITY : SANTA MONIC
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 302,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,864.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.66019
----------------------------------------------------------------------------
0 0070672753 MORTGAGORS: ABSHER SCOTT
ABSHER CONNIE
REGION CODE ADDRESS : 9 AMBERWICKE
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,770.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,897,100.00
P & I AMT: 12,982.10 UPB AMT: 1,895,628.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/99
P.O. BOX 5260 TMS AG0004990330 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------------------
0 0070673116 MORTGAGORS: MOUTES JOHN
MOUTES ROSE
REGION CODE ADDRESS : 641 I AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,674.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.20755
----------------------------------------------------------------------------
0 0070679287 MORTGAGORS: SUMMERS LOUIS
SUMMERS KAREN
REGION CODE ADDRESS : 25653 NORTH HOOD WAY
01 CITY : STEVENSON R
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,513.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
0 0070684261 MORTGAGORS: LACEY SANDRA
REGION CODE ADDRESS : 2347 CARACAS STREET
01 CITY : LA CRESCENT
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 298,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,267.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.55263
----------------------------------------------------------------------------
0 0070686720 MORTGAGORS: SAVIOLA DAVID
SAVIOLA GEORGIA
REGION CODE ADDRESS : 8471 ALLENWOOD ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,668.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/29
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.83333
----------------------------------------------------------------------------
0 0070691514 MORTGAGORS: BRAUN ROBERT
BRAUN JANE
REGION CODE ADDRESS : 1070 CORONADO AVE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 468,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,006.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,077.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/29
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,920,700.00
P & I AMT: 12,800.29 UPB AMT: 1,919,129.82
0 TOTAL NUM OF LOANS: 1450 LOAN AMT: 501,597,095.71
P & I AMT: 3,400,491.44 UPB AMT: 500,082,530.94
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Mortgage Pass-Through Certificates,
Series 1999-3
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and State Street Bank and Trust Company (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly Payments:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments received
and Monthly Advances made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments in
part received and applied in the
applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(4) Aggregate Principal Prepayments in full received in
the applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(5) Aggregate Insurance Proceeds (including purchases
of Mortgage Loans by primary mortgage insurers) for
prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices (and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Scheduled Principal Balance: $________
(10) Available Funds: $________
(11) Realized Losses for prior month: $________
(12) Aggregate Realized Losses and Debt Service
Reductions:
(a) Deficient Valuations $________
(b) Special Hazard Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy Losses $________
(e) Excess Special Hazard Losses $________
(f) Excess Fraud Losses $________
(g) Debt Service Reductions $________
(13) Compensating Interest Payment: $________
(14) Accrued Certificate Interest, Unpaid
Class Interest Shortfalls and Pay-out
Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A4 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class A6 $__________ $__________ ____%
Class A7 $__________ $__________ ____%
Class A8 $__________ $__________ ____%
Class A9 $__________ $__________ ____%
Class A10 $__________ $__________ ____%
Class A11 $__________ $__________ ____%
Class A12 $__________ $__________ ____%
Class A13 $__________ $__________ ____%
Class A14 $__________ $__________ ____%
Class A15 $__________ $__________ ____%
Class A16 $__________ $__________ ____%
Class A17 $__________ $__________ ____%
Class A18 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class S $__________ $__________ ____%
(15) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class A18 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(16) Additional distributions to the
Class R Certificate pursuant to
Section 4.01(b):
Class R $__________
(17) Certificate Interest Rate of:
Class A3 Certificates _____%
Class A4 Certificates _____%
Class S Certificates _____%
(18) Distributions Allocable to Unanticipated Recoveries:
Class A1 __________
Class A2 __________
Class A3 __________
Class A4 __________
Class A5 __________
Class A6 __________
Class A7 __________
Class A8 __________
Class A9 __________
Class A10 __________
Class A11 __________
Class A12 __________
Class A13 __________
Class A14 __________
Class A15 __________
Class A16 __________
Class A17 __________
Class A18 __________
Class PO __________
Class M __________
Class B1 __________
Class B2 __________
Class B3 __________
Class B4 __________
Class B5 __________
Class R __________
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Senior Prepayment Percentage
for such Distribution Date: _____________%
3. Junior Percentage for such
Distribution Date: _____________%
4. Junior Prepayment Percentage
for such Distribution Date: _____________%
5. Group II Senior Percentage for
such Distribution Date: _____________%
6. Group II Senior Distribution
Percentage for such Distribution Date: _____________%
7. Subordinate Certificate Writedown
Amount for such Distribution Date: $_____________
8. Prepayment Distribution Triggers
satisfied: Yes No
Class B1 _____ _____
Class B2 _____ _____
Class B3 _____ _____
Class B4 _____ _____
Class B5 _____ _____
9. Servicing Fee: $_____________
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies that:
1. That he [she] is [title of officer] ___________________________________
of [name of Investor] _______________________________________ (the "Investor"),
a __________ ______________________ [description of type of entity] duly
organized and existing under the laws of the [State of ____________] [United
States], on behalf of which he [she] makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert date of
transfer of Certificate to Investor] will not be, and on such date will not be
investing the funds of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA") or a plan subject
to Section 4975 of the Code or (ii) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a) of Department
of Labor Prohibited Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July
12, 1995) (the "Exemptions") apply to the Investor's acquisition and holding or
any ERISA-Restricted Certificate.
3. The Investor hereby acknowledges that under the terms of the Pooling and
Servicing Agreement (the "Agreement") between State Street Bank and Trust
Company, as Trustee and GE Capital Mortgage Services, Inc., dated as of March 1,
1999, no transfer of any ERISA-Restricted Certificate shall be permitted to be
made to any person unless the Trustee has received (i) a certificate from such
transferee to the effect that (x) such transferee is not an employee benefit
plan subject to ERISA or a plan subject to Section 4975 of the Code (a "Plan")
and is not using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an insurance company
investing assets of its general account and the Exemptions apply to such
transferee's acquisition and holding of any such Certificate or (ii) an opinion
of counsel satisfactory to the Trustee to the effect that the purchase and
holding of any such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or Section 4975 of the
Code and will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement (provided, however, that the
Trustee will not require such certificate or opinion in the event that, as a
result of change of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding of any such
Certificate by a Plan or a Person that is purchasing or holding any such
Certificate with the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered in the name of
______________________________________________ as nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on
its behalf, pursuant to authority of its Board of Directors, by its [title of
officer] __________________ and its corporate seal to be hereunder attached,
attested by its [Assistant] Secretary, this ____ day of _________, 199_.
_______________________________________
[name of Investor]
By:____________________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly sworn, deposes and says:
1. That he [she] is [title of officer] ________________________ of [name of
Purchaser] _________________________________________ (the "Purchaser"), a
_________________ ____________________ [description of type of entity] duly
organized and existing under the laws of the [State of __________] [United
States], on behalf of which he [she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification Number is [ ].
3. That the Purchaser is not a "disqualified organization" within the
meaning of Section 860E(e)(5) of the Internal Revenue Code of 1986, as amended
(the "Code") and will not be a "disqualified organization" as of [date of
transfer], and that the Purchaser is not acquiring a Residual Certificate (as
defined below) for the account of, or as agent (including a broker, nominee, or
other middleman) for, any person or entity from which it has not received an
affidavit substantially in the form of this affidavit. For these purposes, a
"disqualified organization" means the United States, any state or political
subdivision thereof, any foreign government, any international organization, any
agency or instrumentality of any of the foregoing (other than an instrumentality
if all of its activities are subject to tax and a majority of its board of
directors is not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone service to
persons in rural areas as described in Code Section 1381(a)(2)(C), or any
organization (other than a farmers' cooperative described in Code Section 521)
that is exempt from federal income tax unless such organization is subject to
the tax on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated as a "Class R
Certificate" of GE Capital Mortgage Services, Inc.'s REMIC Mortgage Pass-Through
Certificates, Series 1999-3.
4. That the Purchaser is not, and on __________ [insert date of transfer of
Residual Certificate to Purchaser] will not be, and is not and on such date will
not be investing the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or a plan subject
to Code Section 4975 or a person or entity that is using the assets of any
employee benefit plan or other plan to acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under the terms of the
Pooling and Servicing Agreement (the "Agreement") between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc., dated as of
March 1, 1999, 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
(i) a citizen or resident of the United States; (ii) a corporation (or entity
treated as a corporation for tax purposes) created or organized in the United
States or under the laws of the United States or of any state thereof,
including, for this purpose, the District of Columbia; (iii) a partnership (or
entity treated as a partnership for tax purposes) organized in the United States
or under the laws of the United States or of any state thereof, including, for
this purpose, the District of Columbia (unless provided otherwise by future
Treasury regulations); (iv) an estate whose income is includible in gross income
for United States income tax purposes regardless of its source; or (v) a trust,
if 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 authority to
control all substantial decisions of the trust. Notwithstanding the last clause
of the preceding sentence, to the extent provided in Treasury regulations,
certain trusts in existence on August 20, 1996, and treated as U.S. Persons
prior to such date, may elect to continue to be U.S. Persons.
11. That the Purchaser agrees to such amendments of the Pooling and
Servicing Agreement as may be required to further effectuate the restrictions on
transfer of any Residual Certificate to such a "disqualified organization," an
agent thereof, a Book-Entry Nominee, or a person that does not satisfy the
requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of the Company as its
agent to act as "tax matters person" of the Trust Fund, pursuant to the Pooling
and Servicing Agreement.
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this instrument to be executed
on its behalf, pursuant to authority of its Board of Directors, by its [title of
officer] this _____ day of __________, 19__.
_________________________________
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of officer]
________________, known or proved to me to be the same person who executed the
foregoing instrument and to be the [title of officer] _________________ of the
Purchaser, and acknowledged to me that he [she] executed the same as his [her]
free act and deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of __________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
<PAGE>
40701/4
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 Mortgage Pass-Through
Certificates, Series 1999-3
Ladies and Gentlemen:
_______________________ (the "Transferor") has reviewed the attached
affidavit of _____________________________ (the "Transferee"), and has no actual
knowledge that such affidavit is not true and has no reason to believe that the
information contained in paragraph 7 thereof is not true, and has no reason to
believe that the Transferee has the intention to impede the assessment or
collection of any federal, state or local taxes legally required to be paid with
respect to a Residual Certificate. In addition, the Transferor has conducted a
reasonable investigation at the time of the transfer and found that the
Transferee had historically paid its debts as they came due and found no
significant evidence to indicate that the Transferee will not continue to pay
its debts as they become due.
Very truly yours,
-------------------------------
Name:
Title:
<PAGE>
40701/4
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests (copies of loan file
documents, additional pay-off quotations,
amortization schedules, payment histories) $0
Modification Fees Reasonable and Customary Charges
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
---------------------
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Mortgage Pass Through
Certificates, Series 1999-3
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of [name of
Investor] _________________________________________ (the "Investor"), a
______________ ___________________ [description of type of entity] duly
organized and existing under the laws of the [State of __________________]
[United States], hereby certifies as follows:
2. The Investor hereby acknowledges that under the terms of the Pooling and
Servicing Agreement between State Street Bank and Trust Company, as Trustee, and
GE Capital Mortgage Services, Inc. (the "Company"), dated as of March 1, 1999
(the "Agreement"), no transfer of a Restricted Certificate may be made unless
such transfer is exempt from the registration requirements of the Securities Act
of 1933, as amended (the "Securities Act"), and any applicable state securities
laws, or is made in accordance with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted Certificates have not
been and will not be registered or qualified under the Securities Act, or the
securities laws of any state, (b) neither the Company nor the Trustee is
required, and neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold unless (i) they
are registered and qualified under the Securities Act and the applicable state
securities laws or (ii) such sale is exempt from the requirements of the
Securities Act, (d) the Agreement contains restrictions regarding the transfer
of the Restricted Certificates and (e) the Restricted Certificates will bear a
legend to the foregoing effect.
4. The Investor is acquiring the Restricted Certificates for its own
account for investment only and not with a view to or for sale or other transfer
in connection with any 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.]
IN WITNESS WHEREOF, the Investor has caused this instrument to be executed
on its behalf, pursuant to authority of its Board of Directors, by its [title of
officer] _____________ this _____ day of __________, 19__.
---------------------------------
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and will hold
the Restricted Certificates at the exclusive direction of and as nominee of the
Investor named above.
- ------------------------------
[name of nominee]
By:__________________________
Name:
Title:
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
-----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Mortgage Pass-Through Certificates,
Series 1999-3
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and State Street Bank and Trust Company (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class A18 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(2) Aggregate principal prepayments included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class A14 $__________
Class A15 $__________
Class A16 $__________
Class A17 $__________
Class A18 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(3) Amount of distribution allocable to interest; Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class A9 $__________ ____%
Class A10 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class A14 $__________ ____%
Class A15 $__________ ____%
Class A16 $__________ ____%
Class A17 $__________ ____%
Class A18 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class S $__________ ____%
(4) Amount of distribution allocable to Unanticipated Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class A9 $__________ ____%
Class A10 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class A14 $__________ ____%
Class A15 $__________ ____%
Class A16 $__________ ____%
Class A17 $__________ ____%
Class A18 $__________ ____%
Class PO $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all Certificates:
<TABLE>
<CAPTION>
<S> <C> <C> <C>
(6) Pool Scheduled Principal Balance; number
of Mortgage Loans: $__________ __________
</TABLE>
(7) Class Certificate Principal Balance (or
Notional Principal Balance) of each Class;
Certificate Principal Balance (or Notional
Principal Balance) of Single Certificate
of each Class:
<TABLE>
<CAPTION>
Single
Certificate
Class Balance Balance
----- ------- -------
<S> <C> <C>
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
Class A8 $__________ $__________
Class A9 $__________ $__________
Class A10 $__________ $__________
Class A11 $__________ $__________
Class A12 $__________ $__________
Class A13 $__________ $__________
Class A14 $__________ $__________
Class A15 $__________ $__________
Class A16 $__________ $__________
Class A17 $__________ $__________
Class A18 $__________ $__________
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
Class S $__________ $__________
</TABLE>
(8) Book value of real estate acquired on
behalf of Certificateholders; number of
related Mortgage Loans: $__________ __________
(9) Aggregate Scheduled Principal Balance and
number of delinquent Mortgage Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled Principal Balance and
number of replaced Mortgage Loans: $__________ __________
(11) Aggregate Scheduled Principal Balance and
number of modified Mortgage Loans: $__________ __________
(12) Certificate Interest Rate of:
Class A3 Certificate ____%
Class A4 Certificate ____%
Class S Certificate ____%
(13) Senior Percentage for such Distribution Date: __________%
(14) Senior Prepayment Percentage for such
Distribution Date: __________%
(15) Group II Senior Percentage for such
Distribution Date: __________%
(16) Group II Senior Distribution Percentage for
such Distribution Date: __________%
(17) Junior Percentage for such Distribution Date: __________%
(18) Junior Prepayment Percentage for such
Distribution Date: __________%
Capitalized terms used in this Statement shall have the same meanings as in
the Agreement.
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the "Agreement") is
made and entered into as of ____________________, 199_, between GE Capital
Mortgage Services, Inc. (the "Company") and _____________________________ (the
"Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the holder of the
entire interest in REMIC Mortgage 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 Mortgage 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.
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.
Election to Delay Foreclosure: Any election by the Purchaser to delay the
Commencement of Foreclosure, made in accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to proceed with the
Commencement of Foreclosure, made in accordance with Section 2.03(a).
Required Collateral Fund Balance: As of any date of determination, an
amount equal to the aggregate of all amounts previously required to be deposited
in the Collateral Fund pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section 2.02(e)) and
Section 2.03(b) (after adjustment for all withdrawals and deposits prior to such
date pursuant to Section 2.03(c)) and Section 3.02, reduced by all withdrawals
therefrom prior to such date pursuant to Section 2.02(g) and Section 2.03(d).
Section 1.02. Definitions Incorporated by Reference. All capitalized terms
not otherwise defined in this Agreement shall have the meanings assigned in the
Pooling and Servicing Agreement.
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under the Pooling and
Servicing Agreement relating to the realization upon defaulted Mortgage Loans,
the Company as Servicer shall provide to the Purchaser the following notices and
reports:
(i) Within five Business Days after each Distribution Date (or
included in or with the monthly statements to Certificateholders pursuant
to the Pooling and Servicing Agreement), the Company, as Servicer, shall
provide to the Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating for the Trust
Fund the number of Mortgage Loans that are (A) thirty days, (B) sixty days,
(C) ninety days or more delinquent or (D) in foreclosure, and indicating
for each such Mortgage Loan the loan number and outstanding principal
balance.
(ii) Prior to the Commencement of Foreclosure in connection with any
Mortgage Loan, the Company shall provide the Purchaser with a notice (sent
by facsimile transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing under the Mortgage
Loan. Such notice may be provided to the Purchaser in the form of a copy of
a referral letter from the Company to an attorney requesting the
institution of foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has been approved by
the Company.
(b) If requested by the Purchaser, the Company shall make its servicing
personnel available (during their normal business hours) to respond to
reasonable inquiries, in writing by facsimile transmission, by the Purchaser in
connection with any Mortgage Loan identified in a report under subsection (a)(i)
or (a)(ii) which has been given to the Purchaser, provided, that (1) the Company
shall only be required to provide information that is readily accessible to its
servicing personnel and is non-confidential and (2) the Company shall respond
within five Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide to the
Purchaser such information as the Purchaser may reasonably request concerning
each Mortgage Loan that is at least sixty days delinquent and each Mortgage Loan
which has become real estate owned, through the final liquidation thereof,
provided, that the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure Proceedings.
(a) The Purchaser shall be deemed to direct the Company that in the event
that the Company does not receive written notice of the Purchaser's election
pursuant to subsection (b) below within 24 hours (exclusive of any intervening
non-Business Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section 2.02(b), the
Company may proceed with the Commencement of Foreclosure in respect of such
Mortgage Loan in accordance with its normal foreclosure policies without further
notice to the Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with respect to the
Mortgage Loan (including by means of a short payoff approved by the Company) or
(ii) with notice to the Purchaser if the Company has reached the terms of a
forbearance agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise by the Purchaser
within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to which a notice
under Section 2.01(a)(ii) has been given to the Purchaser, the Purchaser may
elect to instruct the Company to delay the Commencement of Foreclosure until
such time as the Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by written notice
received within 24 hours (exclusive of any intervening non-Business Days) of
transmission of the notice provided by the Company under Section 2.01(a)(ii).
The Purchaser shall send a copy of such notice of election to each Rating Agency
as soon as practicable thereafter. Such 24-hour period shall be extended for no
longer than an additional four Business Days after the receipt of the
information if the Purchaser requests additional information related to such
foreclosure within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election following its receipt
of any requested additional information. Any such additional information shall
(i) not be confidential in nature and (ii) be obtainable by the Company from
existing reports, certificates or statements or otherwise be readily accessible
to its servicing personnel. The Purchaser agrees that it has no right to deal
with the mortgagor. However, if the Company's normal foreclosure policies
include acceptance of a deed-in-lieu of foreclosure or short payoff, the
Purchaser will be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the Purchaser has made an
Election to Delay Foreclosure, the Purchaser shall obtain a Current Appraisal as
soon as practicable, and shall provide the Company with a copy of such Current
Appraisal.
(d) Within two Business Days of making any Election to Delay Foreclosure,
the Purchaser shall remit by wire transfer to the Trustee, for deposit in the
Collateral Fund, an amount, as calculated by the Company, equal to the sum of
(i) 125% of the greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in subsection (c) above
(or, if such Current Appraisal has not yet been obtained, the Company's estimate
thereof, in which case the required deposit under this subsection shall be
adjusted upon obtaining such Current Appraisal), and (ii) three months' interest
on the Mortgage Loan at the applicable Mortgage Rate. If any Election to Delay
Foreclosure extends for a period in excess of three months (such excess period
being referred to herein as the "Excess Period"), the Purchaser shall remit by
wire transfer in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the Company, equal
to interest on the Mortgage Loan as the applicable Mortgage Rate for the Excess
Period. The terms of this Agreement will no longer apply to the servicing of any
Mortgage Loan upon the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the Election to
Delay Foreclosure or (ii) the beginning of the related Excess Period, as the
case may be.
(e) With respect to any Mortgage Loan as to which the Purchaser has made an
Election to Delay Foreclosure, the Company or the Trustee may withdraw from the
Collateral Fund from time to time amounts necessary to reimburse the Company for
all related Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing Agreement. To
the extent that the amount of any such Liquidation Expense is determined by the
Company based on estimated costs, and the actual costs are subsequently
determined to be higher, the Company or the Trustee may withdraw the additional
amount from the Collateral Fund to reimburse the Company. In the event that the
Mortgage Loan is brought current by the mortgagor, the amounts so withdrawn from
the Collateral Fund shall be redeposited therein as and to the extent that
reimbursement therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date hereof. Except as
provided in the preceding sentence, amounts withdrawn from the Collateral Fund
to cover Monthly Advances and Liquidation Expenses shall not be redeposited
therein or otherwise reimbursed to the Purchaser. If and when any such Mortgage
Loan is brought current by the mortgagor, all amounts remaining in the
Collateral Fund in respect of such Mortgage Loan (after adjustment for all
previous withdrawals and deposits pursuant to this subsection and after
reimbursement to the Servicer for all related Monthly Advances) shall be
released to the Purchaser.
(f) With respect to any Mortgage Loan as to which the Purchaser has made an
Election to Delay Foreclosure, the Company shall continue to service the
Mortgage Loan in accordance with its customary procedures (other than the delay
in Commencement of Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes that it is
appropriate to do so, the Company shall proceed with the Commencement of
Foreclosure; provided that, in any event, if the Mortgage Loan is not brought
current by the mortgagor by the time the loan becomes 6 months delinquent, the
Purchaser's election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and in any event
not later than the third Business Day after) the end of such 6-month period in
the manner provided in the following two sentences, and the Company shall be
entitled to proceed with the Commencement of Foreclosure. Any purchase of such
Mortgage Loan by the Purchaser pursuant to the preceding sentence shall be at a
purchase price equal to the unpaid principal balance of the Mortgage Loan plus
accrued interest at the Mortgage Rate from the date last paid by the mortgagor.
Such purchase price shall be deposited by the Purchaser into the Collateral Fund
in immediately available funds on the Business Day which is the date of purchase
and the Purchaser shall instruct the Trustee (with notice to the Company) to
withdraw such amount therefrom on such Business Day and remit the same to the
Trust Fund for application as Liquidation Proceeds pursuant to the Pooling and
Servicing Agreement. Following such withdrawal, all amounts remaining in the
Collateral Fund in respect of such Mortgage Loan (after adjustment for all
previous withdrawals and deposits pursuant to this Agreement and after
reimbursement to the Servicer for all related Monthly Advances) shall be
released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to any Mortgage Loan
as to which the Purchaser made an Election to Delay Foreclosure and as to which
the Company proceeded with the Commencement of Foreclosure in accordance with
subsection (f) above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under subsection (c) exceeds
the actual sales price obtained for the related Mortgaged Property (net of
Liquidation Expenses and unreimbursed Monthly Advances related to the extended
foreclosure period), and the Company or the Trustee shall withdraw the amount of
such excess from the Collateral Fund and shall remit the same to the Trust Fund
for application as additional Liquidation Proceeds pursuant to the Pooling and
Servicing Agreement. After making such withdrawal, all amounts remaining in the
Collateral Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after reimbursement to
the Servicer for all related Monthly Advances) shall be released to the
Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure Proceedings.
(a) In connection with any Mortgage Loan identified in a report under
Section 2.01(a)(i)(B), the Purchaser may elect to instruct the Company to
proceed with the Commencement of Foreclosure as soon as practicable. Such
election must be evidenced by written notice received by the Company by 5:00
p.m., New York City time, on the third Business Day following the delivery of
such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to Foreclose, the
Purchaser shall remit to the Trustee, for deposit in the Collateral Fund, an
amount, as calculated by the Company, equal to 125% of the current Scheduled
Principal Balance of the Mortgage Loan and three months' interest on the
Mortgage Loan at the applicable Mortgage Rate. If and when any such Mortgage
Loan is brought current by the mortgagor, all amounts in the Collateral Fund in
respect of such Mortgage Loan (after adjustment for all withdrawals and deposits
pursuant to subsection (c) below) shall be released to the Purchaser. The terms
of this Agreement will no longer apply to the servicing of any Mortgage Loan
upon the failure of the Purchaser to deposit the above amounts relating to the
Mortgage Loan within two Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the Purchaser has made an
Election to Foreclose, the Company shall continue to service the Mortgage Loan
in accordance with its customary procedures. In connection therewith, the
Company shall have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided under Section
2.02(e), and the Company shall make reimbursements thereto to the limited extent
provided under such subsection. The Company shall not be required to proceed
with the Commencement of Foreclosure if (i) the same is stayed as a result of
the mortgagor's bankruptcy or is otherwise barred by applicable law, or to the
extent that all legal conditions precedent thereto have not yet been complied
with, or (ii) the Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or substitution of
such Mortgage Loan, or (iii) the Company has or expects to have the right under
the Pooling and Servicing Agreement to purchase the defaulted Mortgage Loan and
intends to exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by hazardous wastes or
hazardous substances (and the Company supplies the Purchaser with information
supporting such belief) or (v) the same is prohibited by or is otherwise
inconsistent with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i) without notice to
the Purchaser if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Purchaser) or (ii) with notice to the Purchaser if
the Company has reached the terms of a forbearance agreement unless instructed
otherwise by the Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to any Mortgage Loan
as to which the Purchaser made an Election to Foreclose and as to which the
Company proceeded with the Commencement of Foreclosure in accordance with
subsection (c) above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time of liquidation
(plus all unreimbursed Monthly Advances and Liquidation Expenses in connection
therewith other than those previously paid from the Collateral Fund) exceeds the
actual sales price obtained for the related Mortgaged Property, and the Company
or the Trustee shall withdraw the amount of such excess from the Collateral Fund
and shall remit the same to the Trust Fund for application as additional
Liquidation Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to subsection (c) above and
after reimbursement to the Servicer for all related Monthly Advances) in respect
of such Mortgage Loan shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the Trust Fund, the
Purchaser's right to make any Election to Delay Foreclosure or any Election to
Foreclose and the Company's obligations under Section 2.01 shall terminate on
the earliest to occur of the following: (i) at such time as the Class
Certificate Principal Balance of the Class B_ Certificates has been reduced to
zero, (ii) if the greater of (x) 43% (or such lower or higher percentage that
represents the Company's actual loss experience with respect to the Mortgage
Loans in the related pool) of the aggregate principal balance of all Mortgage
Loans that are in foreclosure or are more than 90 days delinquent on a
contractual basis and the aggregate book value of REO properties or (y) the
aggregate amount that the Company estimates through its normal servicing
practices will be required to be withdrawn from the Collateral Fund with respect
to Mortgage Loans as to which the Purchaser has made an Election to Delay
Foreclosure or an Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class B_ Certificates, or (iii) upon any
transfer by the Purchaser of any interest (other than the minority interest
therein, but only if the transferee provides written acknowledgment to the
Company of the Purchaser's right hereunder and that such transferee will have no
rights hereunder) in the Class B_ Certificates [or in the Class B5 Certificates]
(whether or not such transfer is registered under the Pooling and Servicing
Agreement), including any such transfer in connection with a termination of the
Trust Fund. Unless earlier terminated as set forth herein, this Agreement and
the respective rights, obligations and responsibilities of the Purchaser and the
Company hereunder shall terminate immediately upon (x) the later to occur of (i)
the final liquidation of the last Mortgage Loan as to which the Purchaser made
any Election to Delay Foreclosure or any Election to Foreclose and the
withdrawal of all remaining amounts in the Collateral Fund as provided herein
and (ii) ten (10) Business Days' notice or (y) the occurrence of any event that
results in the Purchaser becoming an "affiliate" of the Trustee within the
meaning of the Prohibited Transaction Exemption (as defined in the Pooling and
Servicing Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03 of this
Agreement shall terminate with respect to a Mortgage Loan as to which the
Purchaser has exercised its rights under Section 2.02 or 2.03 hereof, upon
Purchaser's failure to deposit any amounts required pursuant to Section 2.02(d)
or 2.03(b) after one Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly notify the Trustee
and the Company if such Purchaser becomes aware of any discussions, plans or
events that might lead to such Person's becoming an "affiliate" (within the
meaning of the Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential by the parties
to this Agreement.
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the Purchaser of the initial
amount required to be deposited in the Collateral Fund pursuant to Article II,
the Company shall request the Trustee to establish and maintain with the Trustee
a segregated account entitled "REMIC Mortgage Pass-Through Certificates 199_-__
Collateral Fund, for the benefit of GE Capital Mortgage Services, Inc. and State
Street Bank and Trust Company on behalf of Certificateholders, as secured
parties" (the "Collateral Fund"). Amounts held in the Collateral Fund shall
continue to be the property of the Purchaser, subject to the first priority
security interest granted hereunder for the benefit of such secured parties,
until withdrawn from the Collateral Fund pursuant to the Section 2.02 or 2.03
hereof.
Upon the termination of this Agreement and the liquidation of all Mortgage
Loans as to which the Purchaser has made any Election to Delay Foreclosure or
any Election to Foreclose pursuant to Section 2.04 hereof, the Company shall
distribute to the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving effect to all
withdrawals therefrom permitted under this Agreement).
The Purchaser shall not take or direct the Company or the Trustee to take
any action contrary to any provision of the Pooling and Servicing Agreement. In
no event shall the Purchaser (i) take or cause the Trustee or the Company to
take any action that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the imposition on any
such REMIC of any "prohibited transaction" or "prohibited contribution" taxes or
(ii) cause the Trustee or the Company to fail to take any action necessary to
maintain the status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The Company shall, at
the written direction of the Purchaser, direct the Trustee to invest the funds
in the Collateral Fund in the name of the Trustee in Collateral Fund Permitted
Investments. Such direction shall not be changed more frequently then quarterly.
In the absence of any direction, the Company shall direct the Trustee select
such investments in accordance with the definition of Collateral Fund Permitted
Investments in its discretion.
All income and gain realized from any investment as well as any interest
earned on deposits in the Collateral Fund (net of any losses on such
investments) and any payments of principal made in respect of any Collateral
Fund Permitted Investment shall be deposited in the Collateral Fund upon
receipt. All costs and realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the Purchaser and the
amount of net realized losses shall be promptly deposited by the Purchaser in
the Collateral Fund. The Company shall periodically (but not more frequently
than monthly) direct the Trustee to distribute to the Purchaser upon request an
amount of cash, to the extent cash is available therefor in the Collateral Fund,
equal to the amount by which the balance of the Collateral Fund, after giving
effect to all other distributions to be made from the Collateral Fund on such
date, exceeds the Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this Agreement.
Section 3.03. Grant of Security Interest. In order to secure the
obligations of the Purchaser hereunder to the Company and the Trustee for the
benefit of Certificateholders (other than its obligations under Section 4.10),
the Purchaser hereby grants to the Company and to the Trustee for the benefit of
the Certificateholders a security interest in and lien on all of the Purchaser's
right, title and interest, whether now owned or hereafter acquired, in and to:
(1) the Collateral Fund, (2) all amounts deposited in the Collateral Fund and
Collateral Fund Permitted Investments in which such amounts are invested (and
the distributions and proceeds of such investments) and (3) all cash and
non-cash proceeds of any of the foregoing, including proceeds of the voluntary
or involuntary conversion thereof (all of the foregoing collectively, the
"Collateral").
The Purchaser acknowledges the lien on and security interest in the
Collateral for the benefit of the Company and the Trustee on behalf of the
Certificateholders. The Purchaser shall take all actions requested by the
Company or the Trustee as may be reasonably necessary to perfect the security
interest created under this Agreement in the Collateral and cause it to be prior
to all other security interests and liens, including the execution and delivery
to the Company or at its direction the Trustee for filing of appropriate
financing statements in accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that amounts on deposit
in the Collateral Fund at any time are insufficient to cover any withdrawals
therefrom that the Company or the Trustee is then entitled to make hereunder,
the Purchaser shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall constitute a general
corporate obligation of the Purchaser. The failure to pay such amounts within
two Business Days of such demand (except for amounts to cover interest on a
Mortgage Loan pursuant to Sections 2.02(d) and 2.03(b)), shall cause an
immediate termination of the Purchaser's right to make any Election to Delay
Foreclosure or Election to Foreclose and the Company's obligations under this
Agreement with respect to all Mortgage Loans to which such insufficiencies
relate, without the necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from time to time by
the Company and the Purchaser by written agreement signed by the Company and the
Purchaser provided that no such amendment shall have a material adverse effect
on the holders of other Classes of Certificates.
Section 4.02. Counterparts. This Agreement may be executed simultaneously
in any number of counterparts, each of which counterparts shall be deemed to be
an original, and such counterparts shall constitute but one and the same
instrument.
Section 4.03. Governing Law. This Agreement shall be construed in
accordance with the laws of the State of New York and the obligations, rights
and remedies of the parties hereunder shall be determined in accordance with
such laws.
Section 4.04. Notices. All demands, notices and direction hereunder shall
be in writing or by telecopy and shall be deemed effective upon receipt to:
(a) (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) (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) (c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever, including regulatory, held invalid, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in no way
affect the validity or enforceability of the other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and the
respective successors and assigns of the parties hereto; provided, however, that
the rights under this Agreement cannot be assigned by the Purchaser without the
consent of the Company.
Section 4.07. Article and Section Headings. The article and section
headings herein are for convenience of reference only and shall not limit or
otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on behalf of
Certificateholders is the intended third party beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that all information
supplied by or on behalf of the Company pursuant to Section 2.01 or 2.02,
including individual account information, is the property of the Company and the
Purchaser agrees to use such information solely for the purposes set forth in
this Agreement and to hold such information confidential and not to disclose
such information.
Section 4.10. Indemnification. The Purchaser agrees to indemnify and hold
harmless the Company against any and all losses, claims, damages or liabilities
to which it may be subject, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of this Agreement
and which actions conflict or are alleged to conflict with the Company's
obligations under the Pooling and Servicing Agreement. The Purchaser hereby
agrees to reimburse the Company on demand for the reasonable legal or other
expenses incurred by it in connection with investigating or defending any such
loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees that,
notwithstanding any other provision of this Agreement, the Purchaser shall have
no rights hereunder, and the Company shall have no obligations hereunder, until
the Class Certificate Principal Balance of the Class B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund Agreement between
the Company and the Purchaser relating to such Class B5 Certificates has been
terminated.]
<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have caused their names
to be signed hereto by their respective officers thereunto duly authorized, all
as of the day and year first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
[PURCHASER]
By:_______________________________
Name:
Title:
Acknowledged and agreed to:
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 Mortgage Pass-Through Certificates, Series [____] ("Agreement").
Such Mortgage Loan constitutes a Designated Loan.
3. The Company is the payee under the following described Mortgage Note
("Mortgage Note") which evidences the obligation of the borrower(s) to repay the
Mortgage Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s):___________________________________
Original Payee (if not the Company):___________
Original Amount:________________________________
Mortgage Rate:_________________________________
Address of Mortgaged Property:_________________
4. The Company is the lawful owner of the Mortgage Note and has not
cancelled, altered, assigned or hypothecated the Mortgage Note.
5. A thorough and diligent search for the executed original Mortgage Note
was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the Mortgage Note.
7. The Mortgage Note has not been endorsed by the Company in any manner
inconsistent with its transfer of the Mortgage Loan under the Agreement.
8. Without limiting the generality of the rights and remedies of the
Trustee contained in the Agreement, the Company hereby confirms and agrees that
in the event the inability to produce the executed original Mortgage Note
results in a breach of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the lien created by
the Mortgage Loan) or (x) (no valid offset, defense or counterclaim to any
Mortgage Note or Mortgage), the Company shall repurchase the Mortgage Loan at
the Purchase Price and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to indemnify the
Trustee and the Trust Fund from and hold them harmless against any and all
losses, liabilities, damages, claims or expenses (other than those resulting
from negligence or bad faith of the Trustee) arising from the Company's failure
to have delivered the Mortgage Note to the Trustee, including without limitation
any such losses, liabilities, damages, claims or expenses arising from any
action to enforce the indebtedness evidenced by the Mortgage Note or any claim
by any third party who is the holder of such indebtedness by virtue of
possession of the Mortgage Note.
9. In the event that the Company locates the executed original Mortgage
Note, it shall promptly provide the Mortgage Note to the Trustee.
10. Capitalized terms not otherwise defined herein shall have the meanings
given them in the Agreement.
Date: _______________________
------------------------------
(signature)
------------------------------
(print name)
------------------------------
(print title)
<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 1999-03
LOAN NO. ORIGINAL PRINCIPLE BALANCE BORROWER NAME
31894934 $525,600.00 LOUDEN
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
None
<PAGE>
EXHIBIT O
SENIOR PRINCIPAL PRIORITIES
preceding the month of such Distribution Date (the "Record Date"). Distributions
will be made 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 to the Trustee, by wire transfer to a United States
depository institution designated by such certificateholder and acceptable to
the Trustee or by such other means of payment as such certificateholder and the
Trustee may agree; provided, however, that the final distribution in retirement
of the Non-Book-Entry Certificates will be made only upon presentation and
surrender of such certificates at the office or agency of the Trustee specified
in the notice to the holders thereof of such final distribution.
Available Funds
The amount of funds ("Available Funds") in respect of the mortgage pool
that will be available for distribution to holders of the certificates on each
Distribution Date is described in the accompanying prospectus under "Servicing
of the Mortgage Loans -- Loan Payment Record."
Distributions on the Certificates
Allocation of Available Funds
Interest and principal on the certificates will be distributed monthly on
the 25th day of each month or, if such 25th day is not a business day, on the
succeeding business day (each, a "Distribution Date"), commencing in April 1999.
These distributions will be in an aggregate amount equal to the Available Funds
for such Distribution Date. Distributions will be made to holders of record on
the Record Date.
On each Distribution Date, the Available Funds will be distributed in the
following order of priority among the certificates:
first, to the classes of senior certificates (other than the Class PO
Certificates), the Accrued Certificate Interest on each such class for such
Distribution Date, any shortfall in available amounts being allocated among
such classes in proportion to the amount of Accrued Certificate Interest
otherwise distributable thereon;
second, to the classes of senior certificates (other than the Class PO
Certificates), any Accrued Certificate Interest thereon remaining
undistributed from previous Distribution Dates, to the extent of remaining
Available Funds, any shortfall in available amounts being allocated among
such classes in proportion to the amount of such Accrued Certificate
Interest remaining undistributed for each such class for such Distribution
Date;
third, to the classes of senior certificates entitled to principal
distributions, in reduction of the aggregate class certificate principal
balances (the "Class Certificate Principal Balances") thereof, to the
extent of remaining Available Funds, concurrently as follows:
(1) to the senior certificates designated in consecutive
numerical order from Class A1 through Class A18 and the Class R
Certificates, the Senior Optimal Principal Amount for such
Distribution Date, in the following order of priority:
(a) to the Class A5 Certificates, the Class A5 Principal
Distribution Amount (as defined herein) for such Distribution
Date, until the Class Certificate Principal Balance thereof has
been reduced to zero; and
(b) to the Class A1, Class A2, Class A3, Class A4, Class A6,
Class A7, Class A8, Class A9, Class A10, Class A11, Class A12,
Class A13, Class A14, Class A15, Class A16, Class A17, Class A18
and Class R Certificates (together the "Group I Senior
Certificates"), the Senior Optimal Principal Amount for such
Distribution Date, less the Class A5 Principal Distribution
Amount for such Distribution Date, in the following order of
priority:
(I) to the Class R Certificates, until the Class
Certificate Principal Balance thereof has been reduced to
zero;
(II) to the Class A1, Class A15, Class A16, Class A17
and Class A18 Certificates, concurrently, as follows:
(A) approximately 38.89209765% of the amount
distributable under this clause (1) (b) (II) to the
Class A1Certificates, until the Class
Certificate Principal Balance thereof has been
reduced to zero;
(B) approximately 30.17736538% of the amount
distributable under this clause (1) (b) (II) to the
Class A15 Certificates;
(C) approximately 20.15713568% of the amount
distributable under this clause (1) (b) (II) to the
Class A16 Certificates; and
(D) approximately 10.77340129% of the amount
distributable under this clause (1)(b) (II) to the
Class A17 and Class A18 Certificates, in the following
order of priority:
(i) to the Class A17 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(ii) to the Class A18 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(III) to the Class A2, Class A6, Class A7,
Class A8, Class A9, Class A15 and Class A16 Certificates,
concurrently, as follows:
(A) approximately 12.00281591% of the amount
distributable under this clause (1)(b) (III) to the
Class A2 Certificates, until the Class Certificate
Principal Balance thereof has been reduced to zero;
(B) approximately 21.99929602% of the amount
distributable under this clause (1) (b) (III) to the
Class A6, Class A7, Class A8 and Class A9 Certificates,
in the following order of priority:
(i) to the Class A6 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(ii) to the Class A7 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(iii) to the Class A8 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(iv) to the Class A9 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(C) approximately 50.65557902% of the amount
distributable under this clause (1)(b) (III) to the
Class A15 Certificates, until the Class Certificate
Principal Balance thereof has been reduced to zero; and
(D) approximately 15.34230905% of the amount
distributable under this clause (1)(b) (III) to the
Class A16 Certificates, until the Class Certificate
Principal Balance thereof has been reduced to zero;
and
(IV) to the Class A3, Class A4, Class A10, Class A11,
Class A12, Class A13 and Class A14 Certificates,
concurrently, as follows:
(A) approximately 53.47222138% of the amount
distributable under this clause (1)(b) (IV) to the
Class A3 Certificates, until the Class Certificate
Principal Balance thereof has been reduced to zero;
(B) approximately 21.52777862% of the amount
distributable under this clause (1)(b) (IV) to the
Class A4 Certificates, until the Class Certificate
Principal Balance thereof has been reduced to zero; and
(C) approximately 25.00000000% of the amount
distributable under this clause (1)(b) (IV) to the
Class A10, Class A11, Class A12, Class A13 and Class
A14 Certificates as a group, in the following order
of priority:
(i) to the Class A10 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(ii) to the Class A11 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(iii) to the Class A12 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero;
(iv) to the Class A13 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero; and
(v) to the Class A14 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero; and
(2) to the Class PO Certificates, the Class PO Principal Distribution
Amount for such Distribution Date, until the Class Certificate Principal
Balance thereof has been reduced to zero;
fourth, to the Class PO Certificates, to the extent of remaining
Available Funds, the Class PO Deferred Amount for such Distribution Date,
until the Class Certificate Principal Balance thereof has been reduced to
zero; provided that, (i) on any Distribution Date, distributions pursuant
to this priority fourth shall not exceed the Junior Optimal Principal
Amount for such Distribution Date, (ii) such distributions shall not reduce
the Class Certificate Principal Balance of the Class PO Certificates and
(iii) no distribution will be made in respect of the Class PO Deferred
Amount after the Distribution Date on which the respective Class
Certificate Principal Balances of the junior certificates have been reduced
to zero (the "Cross-Over Date");
