STRUCTURED ASSET SECURITIES CORPORATION
8-K, 1997-01-08
ASSET-BACKED SECURITIES
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ABNAMRO LaSalle ABSTSSECURITIES 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): November
  25, 1996
  
  STRUCTURED ASSET SECURITIES CORPORATION
  (Exact name of registrant as specified in its governing
  instruments)
  
  Delaware                       33-96378        74-2440850
  (State or other Jurisdiction  (Commission File (I.R.S.
  Employer
  of Incorporation)              Number)        
  Identification No.)
  
  
  200 Vesey Stret
  New York, New York                                     10285
  (Address of Principal Executive Offices)             (Zip
  Code)
  
  
  Registrant's telephone number, including area code: (212)
  526-5594
  
  
  Item 5 Other Events.
  
  Not applicable
  
  Item 7. Financial Statements, Pro Forma Financial
  Information and Exhibits
  
  (a) Financial Statements
  
  Not applicable
  
  (b) Pro Forma Financial Information
  
  Not applicable
  
  ( c)Exhibits
  
                           Item 601(a) of
  Exhibit                  Regulation S-K
  Number                   Exhibit No.         Description
  
                          1                   5
  
  
  
  
  
  
  
  
  Pursuant to the requirements of the Securities Exchange Act
  of 1934, as amended, the
  registrant has duly caused this report to be signed on
  behalf of the Registrant by the undersigned
  thereunto duly authorized.
  
                                                               
   STRUCTURED ASSET SECURITIES                                 
                              CORPORATION
  
                                            By: /s/
                                            Name:
                                            Title: Vice
  President
  
  Dated: November 25, 1996
  
  
  
                         EXHIBIT INDEX
  
  
                           Item 601(a) of
  Exhibit                  Regulation S-K
  Number                   Exhibit No.         Description
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  ABN AMRO
  LaSalle National Bank
  
  Administrator:
    Amy Bulger  (800) 246-5761
    135 S. LaSalle Street   Suite 1740
    Chicago, IL   60603
  
  Structured Asset Securities Corporation
  GMAC Commercial Mortgage Corporation
  LB Commercial Conduit Mortgage Trust II
  Multiclass Pass-Through Certificates
  Series 1996-C2
  ABN AMRO Acct: 67-7635-80-7
  
  Statement Date:                                       
  11/25/96
  Payment Date:                                         
  11/25/96
  Prior Payment:                               NA
  Record Date:                                          
  10/31/96
  
  WAC:                                                 
  9.116122%
  WAMM:                                                      
  115
  
                                                               
                      Number Of Pages
  
  Table Of Contents                                            
                                    1
  
  REMIC Certificate Report                              3
  
  Other Related Information                             3
  
  Asset Backed Facts Sheets                             1
  
  Delinquency Loan Detail                               1
  
  Mortgage Loan Characteristics                         2
  
  Loan Level Listing                                    4
  
  
  
  Total Pages Included  In This Package                15
  
  
  
  Appendix  A...............................Specially Serviced
  Loan Detail
  Appendix  B.........................................Modified
  Loan Detail
  Appendix  C.........................................Realized
  Loss Detail
  
  
  Remic III
  
                         Original                             
  Opening
  Class                  Face Value (1)                       
  Balance
  CUSIP                  Per $1,000                           
  Per $1,000
  
  A                    270,097,693.00                      
  270,097,693.00
  501773AM7            1000.000000000                      
  1000.000000000
  IO                   397,202,489.27N                     
  397,202,489.00
  501773AS4            1000.000000000                       
  999.999999320
  B                     27,804,174.00                       
  27,804,174.00
  501773AN5            1000.000000000                      
  1000.000000000
  C                     23,832,149.00                       
  23,832,149.00
  501773AP0            1000.000000000                      
  1000.000000000
  D                     15,888,100.00                       
  15,888,100.00
  501773AQ8            1000.000000000                      
  1000.000000000
  E                      7,944,050.00                        
  7,944,050.00
  501773AR6            1000.000000000                      
  1000.000000000
  F                     21,846,137.00                       
  21,846,137.00
  501773AU9            1000.000000000                      
  1000.000000000
  G                     13,902,087.00                       
  13,902,087.00
  501773AV7            1000.000000000                      
  1000.000000000
  H                      5,958,037.00                        
  5,958,037.00
  501773AW5            1000.000000000                      
  1000.000000000
  J                      9,930,062.00                        
  9,930,062.00
  501773AX3            1000.000000000                      
  1000.000000000
  R-III                          0.00                          
        0.00
  9ABSA090             1000.000000000                      
  1000.000000000
                       397,202,489.00                      
  397,202,489.00
  
  Notes:  (1) N denotes notional balance not included in total
  
                       Principal           Principal        
  Negative
  Class                Payment             Adj. or Loss     
  Amortization
  CUSIP                Per $1,000          Per $1,000       
  Per $1,000
  
  A                        334,181.65              0.00        
        0.00
  501773AM7               1.237262141       0.000000000       
  0.000000000
  IO                             0.00              0.00        
        0.00
  501773AS4               0.000000000       0.000000000       
  0.000000000
  B                              0.00              0.00        
        0.00
  501773AN5               0.000000000       0.000000000       
  0.000000000
  C                              0.00              0.00        
        0.00
  501773AP0               0.000000000       0.000000000       
  0.000000000
  D                              0.00              0.00        
        0.00
  501773AQ8               0.000000000       0.000000000       
  0.000000000
  E                              0.00              0.00        
        0.00
  501773AR6               0.000000000       0.000000000       
  0.000000000
  F                              0.00              0.00        
        0.00
  501773AU9               0.000000000       0.000000000       
  0.000000000
  G                              0.00              0.00        
        0.00
  501773AV7               0.000000000       0.000000000       
  0.000000000
  H                              0.00              0.00        
        0.00
  501773AW5               0.000000000       0.000000000       
  0.000000000
  J                              0.00              0.00        
        0.00
  501773AX3               0.000000000       0.000000000       
  0.000000000
  R-III                          0.00              0.00        
        0.00
  9ABSA090                0.000000000       0.000000000       
  0.000000000
                           334,181.65              0.00        
        0.00
  
  
                           Closing             Interest
  Class                    Balance             Payment
  CUSIP                    Per $1,000          Per $1,000
  
  A                              269,763,511.35     
  1,669,143.12
  501773AM7                       998.762737859      
  6.179775553
  IO                             396,868,307.35       
  413,355.39
  501773AS4                       999.158661063      
  1.040666665
  B                               27,804,174.00       
  176,225.88
  501773AN5                      1000.000000000      
  6.338108803
  C                               23,832,149.00       
  153,433.97
  501773AP0                      1000.000000000      
  6.438108876
  D                               15,888,100.00       
  104,407.73
  501773AQ8                      1000.000000000      
  6.571442149
  E                                7,944,050.00        
  52,203.87
  501773AR6                      1000.000000000      
  6.571442778
  F                               21,846,137.00       
  143,560.63
  501773AU9                      1000.000000000      
  6.571442356
  G                               13,902,087.00        
  91,356.76
  501773AV7                      1000.000000000      
  6.571442115
  H                                5,958,037.00        
  39,152.90
  501773AW5                      1000.000000000      
  6.571442910
  J                                9,930,062.00        
  65,254.83
  501773AX3                      1000.000000000      
  6.571442354
  R-III                                    0.00             
  0.00
  9ABSA090                          0.000000000      
  0.000000000
                                           0.00   
  396,868,307.35
  
   (2) Interest Paid minus Interest Adjustment minus Deferred
  Interest equals Accrual
  
                           Interest            Pass-Through
  Class                    Adjustment          Rate (2)
  CUSIP                    Per $1,000          Next Rate (3)
                          
  A                                        0.00      
  7.41573065%
  501773AM7                         0.000000000      
  7.41574487%
  IO                                       0.00      
  1.24880000%
  501773AS4                         0.000000000      
  1.24869795%
  B                                        0.00      
  7.60573065%
  501773AN5                         0.000000000      
  7.60574487%
  C                                        0.00      
  7.72573065%
  501773AP0                         0.000000000      
  7.72574487%
  D                                        0.00      
  7.88573065%
  501773AQ8                         0.000000000      
  7.88574487%
  E                                        0.00      
  7.88573065%
  501773AR6                         0.000000000      
  7.88574487%
  F                                        0.00      
  7.88573065%
  501773AU9                         0.000000000      
  7.88574487%
  G                                        0.00      
  7.88573065%
  501773AV7                         0.000000000      
  7.88574487%
  H                                        0.00      
  7.88573065%
  501773AW5                         0.000000000      
  7.88574487%
  J                                        0.00      
  7.88573065%
  501773AX3                         0.000000000      
  7.88574487%
  R-III                                    0.00      
  8.78573065%
  9ABSA090                          0.000000000      
  8.78574487%
                                   2,908,095.08
  
   (3) Estimated
  
  Remic II
  
                           Original            Opening
  Class                    Face Value (1)      Balance
  CUSIP                    Per $1,000          Per $1,000
  
  A                              270,097,693.00   
  270,097,693.00
  none                           1000.000000000   
  1000.000000000
  B                               27,804,174.00    
  27,804,174.00
  none                           1000.000000000   
  1000.000000000
  C                               23,832,149.00    
  23,832,149.00
  none                           1000.000000000   
  1000.000000000
  D                               15,888,100.00    
  15,888,100.00
  none                           1000.000000000   
  1000.000000000
  E                                7,944,050.00     
  7,944,050.00
  none                           1000.000000000   
  1000.000000000
  F                               21,846,137.00    
  21,846,137.00
  none                           1000.000000000   
  1000.000000000
  G                               13,902,087.00    
  13,902,087.00
  none                           1000.000000000   
  1000.000000000
  H                                5,958,037.00     
  5,958,037.00
  none                           1000.000000000   
  1000.000000000
  J                                9,930,062.00     
  9,930,062.00
  none                           1000.000000000   
  1000.000000000
  R-II                                     0.00             
  0.00
  9ABSA089                       1000.000000000   
  1000.000000000
  
                                 397,202,489.00   
  397,202,489.00
  
  
                           Principal        Principal        
  Negative
  Class                    Payment          Adj. or Loss     
  Amortization
  CUSIP                    Per $1,000       Per $1,000       
  Per $1,000
  
  A                        334,181.65              0.00        
        0.00
  none                    1.237262141       0.000000000       
  0.000000000
  B                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  C                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  D                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  E                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  F                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  G                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  H                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  J                              0.00              0.00        
        0.00
  none                    0.000000000       0.000000000       
  0.000000000
  R-II                           0.00              0.00        
        0.00
  9ABSA089                0.000000000       0.000000000       
  0.000000000
  
                           334,181.65              0.00        
        0.00
  
  
                           Closing             Interest
  Class                    Balance             Payment
  CUSIP                    Per $1,000          Per $1,000
  
  A                              269,763,511.35     
  1,977,504.66
  none                            998.762737859      
  7.321442246
  B                               27,804,174.00       
  203,566.65
  none                           1000.000000000      
  7.321442097
  C                               23,832,149.00       
  174,485.70
  none                           1000.000000000      
  7.321442141
  D                               15,888,100.00       
  116,323.81
  none                           1000.000000000      
  7.321442463
  E                                7,944,050.00        
  58,161.90
  none                           1000.000000000      
  7.321441834
  F                               21,846,137.00       
  159,945.23
  none                           1000.000000000      
  7.321442230
  G                               13,902,087.00       
  101,783.33
  none                           1000.000000000      
  7.321442457
  H                                5,958,037.00        
  43,621.42
  none                           1000.000000000      
  7.321441609
  J                                9,930,062.00        
  72,702.38
  none                           1000.000000000      
  7.321442706
  R-II                                     0.00             
  0.00
  9ABSA089                          0.000000000      
  0.000000000
  
                                 396,868,307.35     
  2,908,095.08
  
                           Interest            Pass-Through
  Class                    Adjustment          Rate (2)
  CUSIP                    Per $1,000          Next Rate (3)
  
  A                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  B                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  C                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  D                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  E                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  F                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  G                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  H                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  J                                        0.00      
  8.78573065%
  none                              0.000000000      
  8.78574487%
  R-II                                     0.00      
  8.78573065%
  9ABSA089                          0.000000000      
  8.78574487%
  
                                           0.00
  
  
  Remic I
  
                           Original            Opening
  Class                    Face Value (1)      Balance
  CUSIP                    Per $1,000          Per $1,000
  
  Regular Interest               397,202,489.27   
  397,202,489.27
  none                           1000.000000000   
  1000.000000000
  R-I                                      0.00             
  0.00
  9ABSA088                       1000.000000000   
  1000.000000000
                                 397,202,489.27   
  397,202,489.27
  
  
  
                       Principal           Principal        
  Negative
  Class                Payment             Adj. or Loss     
  Amortization
  CUSIP                Per $1,000          Per $1,000       
  Per $1,000
  
  Regular Interest        334,181.92              0.00         
       0.00
  none                   0.841338937       0.000000000       
  0.000000000
  R-I                           0.00              0.00         
       0.00
  9ABSA088               0.000000000       0.000000000       
  0.000000000
                          334,181.92              0.00         
       0.00
  
  
  
              Closing    Interest         Interest          
  Pass-Through
  Class       Balance    Payment          Adjustment        
  Rate (2)
  CUSIP       Per $1,000 Per $1,000       Per $1,000        
  Next Rate (3)
  
  Regular Interest  396,868,307.35 2,908,095.08       0.00  
  8.785730650%
  none               999.158661063  7.321442233  0.000000000
  8.785744870%
  R-I                         0.00         0.00        0.00  
  8.785730650%
  9ABSA088             0.000000000  0.000000000  0.000000000  
  8.785744870%
                    396,868,307.35      2,908,095.08           
     0.00
  
  
  
  Other Related Information
  
  
    Beginning loan count:                                      
      109
    Ending loan count:                                         
      109
  
    Beginning scheduled balance of mortgage loans:  
  397,202,489.27
    Scheduled principal received:                       
  337,090.50
    Unscheduled principal:                                -2,908.58
    Prepayments in full:                                      
  0.00
    Repurchase proceeds:                                      
  0.00
    Substitution proceeds                                     
  0.00
    Other principal proceeds:                                 
  0.00
    Less: current realized losses:                           
  -0.01
  
    Ending scheduled balance of mortgage loans:     
  396,868,307.35
  
  Component                                 Current          
  Shortfall
    Gross Interest:                       2,994,842.14         
       0.00
    Less:                                         0.00         
       0.00
    1. Servicing fee :                       77,702.05         
       0.00
    2. Special Servicing fee :               16,439.80         
       0.00
    3. Retained Yield                        11,279.66         
       0.00
    4. Trustee fee :                          3,287.96         
       0.00
                                                               
                  
    Remittance                            2,913,852.13         
       0.00
  
  
  Component                              Delinquent       
  Total
    Gross Interest:                      22,613.23      
  3,017,455.37
    Less:                                     0.00             
   0.00
    1. Servicing fee :                      518.45         
  78,220.50
    2. Special Servicing fee :              110.31         
  16,550.10
    3. Retained Yield                         0.00         
  11,279.66
    4. Trustee fee :                         22.06          
  3,310.02
                                              0.00             
   0.00
    Remittance                           22,072.72      
  2,908,095.08
  
  
  Component                                     Rate
    Gross Interest:                                    
  9.116122%
    Less:                                              
  0.000000%
    1. Servicing fee :                                 
  0.236314%
    2. Special Servicing fee :                         
  0.050000%
    3. Retained Yield                                  
  0.034077%
    4. Trustee fee :                                   
  0.010000%
  
    Remittance                                         
  8.785731%
  
  
    Less:
    1. Prepay Int. Shortfall:                               
  0.00
    2. Non-recoverable adv.                                 
  0.00
    3. Other interest reductions:                           
  0.00
  
        * Net Pool Interest Remittance:             
  2,908,095.08
   '*Does not include net prepayment premiums
  
  
                           Accrued           Net              
  Net
                           Certificate       Prepayment       
  Prepayment
  Class                    Interest          Int. Shortfalls  
  Premiums
  
  A                      1,669,143.12              0.00        
        0.00
  IO                       413,355.39              0.00        
        0.00
  B                        176,225.88              0.00        
        0.00
  C                        153,433.97              0.00        
        0.00
  D                        104,407.73              0.00        
        0.00
  E                         52,203.87              0.00        
        0.00
  F                        143,560.63              0.00        
        0.00
  G                         91,356.76              0.00        
        0.00
  H                         39,152.90              0.00        
        0.00
  J                         65,254.83              0.00        
        0.00
  
    Totals:              2,908,095.08              0.00        
        0.00
  
  
                           Prior               Ending
                           Unpaid              Unpaid
  Class                    Interest            Interest
  
  A                                        0.00             
  0.00
  IO                                       0.00             
  0.00
  B                                        0.00             
  0.00
  C                                        0.00             
  0.00
  D                                        0.00             
  0.00
  E                                        0.00             
  0.00
  F                                        0.00             
  0.00
  G                                        0.00             
  0.00
  H                                        0.00             
  0.00
  J                                        0.00             
  0.00
  
    Totals:                                0.00             
  0.00
  
                           Interest            Principal
                           Realized            Realized
  Class                    Losses              Losses
  
  A                                        0.00             
  0.00
  IO                                       0.00             
  0.00
  B                                        0.00             
  0.00
  C                                        0.00             
  0.00
  D                                        0.00             
  0.00
  E                                        0.00             
  0.00
  F                                        0.00             
  0.00
  G                                        0.00             
  0.00
  H                                        0.00             
  0.00
  J                                        0.00             
  0.00
  
    Totals:                                0.00             
  0.00
  
  
  
  
                                        Prior Outstanding
                           Principal           Interest
  
   Made by Servicer:                       0.00             
  0.00
   Made by Trustee:                        0.00             
  0.00
   Made by Fiscal Agent:                   0.00             
  0.00
  
                                           0.00             
  0.00
  
  
                                                  Current
  Month
                           Principal           Interest
  
   Made by Servicer:                   6,379.47        
  22,094.78
   Made by Trustee:                        0.00             
  0.00
   Made by Fiscal Agent:                   0.00             
  0.00
  
                                       6,379.47        
  22,094.78
  
  
                              Recovered
                           Principal           Interest
  
   Made by Servicer:                       0.00             
  0.00
   Made by Trustee:                        0.00             
  0.00
   Made by Fiscal Agent:                   0.00             
  0.00
  
                                           0.00             
  0.00
  
  
                  Advances Outstanding
                           Principal           Interest
  
   Made by Servicer:                   6,379.47        
  22,094.78
   Made by Trustee:                        0.00             
  0.00
   Made by Fiscal Agent:                   0.00             
  0.00
  
                                       6,379.47        
  22,094.78
  
  
  REO Property Information
  
  #                        Collateral Id       Date of REO
  
  1.                                          0             
  0.00
  2.                                          0                
  0
  3.                                          0                
  0
  4.                                          0                
  0
  No REO Properties to Report as of The Current Prepayment
  Period
  5.                                          0                
  0
  6.                                          0                
  0
  7.                                          0                
  0
  8.                                          0                
  0
  9.                                          0                
  0
  10.                                         0                
  0
  
     Cumulative realized losses on the Mortgage Pool as of
  Cutoff:
     Cumulative realized losses on the Certificates as of
  Cutoff:
   *Cumulative additional trust fund expenses applied to the
   Certificates since the closing date:
  * included in cumulative losses on the certificates
  
  
  REO Property Information
                           Principal
  #                        Balance             Book Value
  
  1.                                          0                
  0
  2.                                          0                
  0
  3.                                          0                
  0
  4.                                       0.00             
  0.00
  No REO Properties to Report as of The Current Prepayment
  Period
  5.                                          0                
  0
  6.                                          0                
  0
  7.                                       0.00             
  0.00
  8.                                          0                
  0
  9.                                          0                
  0
  10.                                         0                
  0
  
  Distribution             Delinq 1 Month
  Date                     #                   Balance
                   11/25/96                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
  
  Note:  Foreclosure and REO Totals are Included in the
  Appropriate Delinquency Aging Category
  
  
  Distribution             Delinq 2 Months
  Date                     #                   Balance
                   11/25/96                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
  
  
  Distribution             Delinq 3+  Months
  Date                     #                   Balance
                   11/25/96                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
  
  
  
  Distribution             Foreclosure/Bankruptcy
  Date                     #                   Balance
                   11/25/96                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
  
  
  
  Distribution             REO
  Date                     #                   Balance
                   11/25/96                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
  
  
  
  Distribution             Modifications
  Date                     #                   Balance
                   11/25/96                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
  
  
  
  Distribution             Prepayments
  Date                     #                   Balance
                   11/25/96                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
                   01/00/00                   0                
  0
                                          0.00%           
  0.000%
  
  
  Distribution             Curr Weighted Avg.
  Date                     Coupon              Remit
                   11/25/96             9.1161%          
  8.7857%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
                   01/00/00             0.0000%          
  0.0000%
  
  
  Delinquent Loan Detail
  
                           Paid
  Disclosure Doc           Thru                Current P&I
  Control #                Date                Advance
  
                         55            10/01/96              
  28,474.25
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  Total                                                      
  28,474.25
  A.  P&I Advance - Loan in Grace Period
  B.  P&I Advance - Late Payment but < one month delinq
  
  1.  P&I Advance - Loan delinquent 1 month
  2.  P&I Advance - Loan delinquent 2 months
  3.  P&I Advance - Loan delinquent 3 months or More
  4.  Matured Balloon/Assumed Scheduled Payment
  
  **  Outstanding P&I Advances include the current period P&I
  Advance
  
  
  
                           Outstanding         Out. Property
  Disclosure Doc           P&I                 Protection
  Control #                Advances**          Advances
  
                         55           28,474.25             
  0.00
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  Total                               28,474.25             
  0.00
  
  
                                               Special
  Disclosure Doc           Advance             Servicer
  Control #                Description (1)     Transfer Date
  
                         55 B
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  Disclosure Doc           Foreclosure         Bankruptcy      
   REO
  Control #                Date                Date            
   Date
  
                         55
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  Pool Total
  
  Distribution of Principal Balances
  Current  Scheduled                                           
   Number
  Balances                                                     
   of Loans
  $0to                                     $99,999             
      0
  $100,000to                              $299,999             
      0
  $300,000to                              $499,999             
      1
  $500,000to                              $699,999             
      5
  $700,000to                              $899,999             
      4
  $900,000to                            $1,099,999             
      4
  $1,100,000to                          $1,299,999             
      7
  $1,300,000to                          $1,499,999             
      6
  $1,500,000to                          $1,999,999             
     17
  $2,000,000to                          $2,499,999             
      8
  $2,500,000to                          $2,999,999             
     11
  $3,000,000to                          $3,999,999             
     11
  $4,000,000to                          $4,999,999             
      8
  $5,000,000to                          $5,999,999             
     10
  $6,000,000to                          $6,999,999             
      3
  $7,000,000to                          $7,999,999             
      4
  $8,000,000to                          $8,999,999             
      3
  $9,000,000to                          $9,999,999             
      1
  $10,000,000to                        $12,999,999             
      3
  $13,000,000&                   Above                         
      3
  Total                                                        
    109
  
  Average Scheduled Balance is                         
  3,640,994
  Maximum  Scheduled Balance is                       
  16,930,140
  Minimum  Scheduled Balance is                          
  466,265
  
  
  Current  Scheduled                                           
    Scheduled
  Balances                                                     
   Balance
  $0 to                                    $99,999             
       0
  $100,000 to                             $299,999             
       0
  $300,000 to                             $499,999            
  466,265
  $500,000 to                             $699,999          
  2,997,119
  $700,000 to                             $899,999          
  3,200,458
  $900,000 to                           $1,099,999          
  4,230,776
  $1,100,000 to                         $1,299,999          
  8,503,692
  $1,300,000 to                         $1,499,999          
  8,655,542
  $1,500,000 to                         $1,999,999         
  29,127,112
  $2,000,000 to                         $2,499,999         
  17,918,949
  $2,500,000 to                         $2,999,999         
  29,847,305
  $3,000,000 to                         $3,999,999         
  36,758,110
  $4,000,000 to                         $4,999,999         
  35,273,762
  $5,000,000 to                         $5,999,999         
  55,348,964
  $6,000,000 to                         $6,999,999         
  18,423,583
  $7,000,000 to                         $7,999,999         
  29,825,532
  $8,000,000 to                         $8,999,999         
  25,562,193
  $9,000,000 to                         $9,999,999          
  9,196,189
  $10,000,000 to                       $12,999,999         
  33,557,724
  $13,000,000 &                   Above                    
  47,975,034
  Total                                                   
  396,868,307
  
  
  Maximum  Scheduled Balance is                                
   Based on
  Minimum  Scheduled Balance is                                
   Balance
  
  Current  Scheduled                        
  Balances                                  
  $0 to                                    $99,999             
   0.81%
  $100,000 to                             $299,999             
   1.07%
  $300,000 to                             $499,999             
   2.14%
  $500,000 to                             $699,999             
   2.18%
  $700,000 to                             $899,999             
   7.34%
  $900,000 to                           $1,099,999             
   4.52%
  $1,100,000 to                         $1,299,999             
   7.52%
  $1,300,000 to                         $1,499,999             
   9.26%
  $1,500,000 to                         $1,999,999             
   8.89%
  $2,000,000 to                         $2,499,999             
  13.95%
  $2,500,000 to                         $2,999,999             
   4.64%
  $3,000,000 to                         $3,999,999             
   7.52%
  $4,000,000 to                         $4,999,999             
   6.44%
  $5,000,000 to                         $5,999,999             
   2.32%
  $6,000,000 to                         $6,999,999             
   8.46%
  $7,000,000 to                         $7,999,999             
  12.09%
  $8,000,000                                                  
  100.00%
  
  
  Distribution of Property Types
  
                           Number               Scheduled      
   Based on
  Property Types           of Loans            Balance         
   Balance
  MF- Housing                     49       136,413,799         
     34.37%
  Hospitality                     33       126,213,539         
     31.80%
  Retail Facility                 22       119,835,477         
     30.20%
  Office                           2         6,192,444         
      1.56%
  Congregate Care                  2         5,003,308         
      1.26%
  Self Service Storage             1         3,209,740         
      0.81%
  Total                          109       396,868,307         
    100.00%
  
  
  
  Distribution of Mortgage Interest Rates
   Current Mortgage                                            
   Number
  Interest Rate                                                
   of Loans
  7.500%or                  less                               
  0
  7.500%to                              8.000%                 
  2
  8.000%to                              8.500%                
  26
  8.500%to                              9.000%                
  30
  9.000%to                              9.500%                
  25
  9.500%to                             10.000%                
  17
  10.000%to                             10.500%                
   6
  10.500%to                             11.000%                
   3
  11.000%to                             11.500%                
   0
  11.500%to                             12.000%                
   0
  12.000%to                             12.500%                
   0
  12.500%to                             13.000%                
   0
  13.000%to                             13.500%                
   0
  13.500%to                             14.000%                
   0
  14.000%&                   Above                             
   0
  Total                                                       
  109
  W/Avg Mortgage Interest Rate is                        
  9.1161%
  Minimum Mortgage Interest Rate is                      
  7.9000%
  Maximum Mortgage Interest Rate is                     
  10.6800%
  
  
   Current Mortgage                                            
  Scheduled
  Interest Rate                                                
   Balance
  7.500%or                  less                               
  0
  7.500%to                              8.000%         
  9,544,278
  8.000%to                              8.500%        
  64,910,347
  8.500%to                              9.000%       
  106,975,140
  9.000%to                              9.500%       
  114,315,435
  9.500%to                             10.000%        
  61,748,784
  10.000%to                             10.500%        
  33,836,667
  10.500%to                             11.000%         
  5,537,656
  11.000%to                             11.500%                
   0
  11.500%to                             12.000%                
   0
  12.000%to                             12.500%                
   0
  12.500%to                             13.000%                
   0
  13.000%to                             13.500%                
   0
  13.500%to                             14.000%                
   0
  14.000%&                   Above                             
   0
  Total                                               
  396,868,307
  
  
   Current Mortgage                                            
   Based on
  Interest Rate                                                
   Balance
  7.500%or                  less                           
  0.00%
  7.500%to                              8.000%             
  2.40%
  8.000%to                              8.500%            
  16.36%
  8.500%to                              9.000%            
  26.95%
  9.000%to                              9.500%            
  28.80%
  9.500%to                             10.000%            
  15.56%
  10.000%to                             10.500%             
  8.53%
  10.500%to                             11.000%             
  1.40%
  11.000%to                             11.500%             
  0.00%
  11.500%to                             12.000%             
  0.00%
  12.000%to                             12.500%             
  0.00%
  12.500%to                             13.000%             
  0.00%
  13.000%to                             13.500%             
  0.00%
  13.500%to                             14.000%             
  0.00%
  14.000%&                   Above                          
  0.00%
  Total                                                   
  100.00%
  
  
  Geographic Distribution
                           Number               Scheduled      
   Based on
  Geographic Location      of Loans            Balance         
   Balance
  Georgia                         15        49,977,821         
     12.59%
  Florida                         11        39,981,083         
     10.07%
  California                       7        37,436,499         
      9.43%
  New Jersey                       7        35,733,436         
      9.00%
  Texas                           13        31,919,304         
      8.04%
  Illinois                         4        18,877,291         
      4.76%
  Virginia                         2        17,372,543         
      4.38%
  Maryland                         1        16,930,140         
      4.27%
  Nebraska                         3        16,519,097         
      4.16%
  Michigan                         2        14,391,072         
      3.63%
  Rhode Island                     2        13,558,632         
      3.42%
  Iowa                             3        10,441,169         
      2.63%
  Connecticut                      3         9,885,709         
      2.49%
  Ohio                             5         7,376,795         
      1.86%
  South Carolina                   2         6,392,349         
      1.61%
  Nevada                           1         6,187,979         
      1.56%
  New York                         4         6,080,454         
      1.53%
  Massachusetts                    2         5,978,723         
      1.51%
  Pennsylvania                     2         5,940,513         
      1.50%
  Indiana                          4         5,522,037         
      1.39%
  Missouri                         1         5,457,291         
      1.38%
  Kansas                           1         4,863,648         
      1.23%
  District of Columbia             2         4,669,980         
      1.18%
  Arizona                          2         4,619,248         
      1.16%
  Kentucky                         1         4,227,306         
      1.07%
  Mississippi                      2         3,838,720         
      0.97%
  Alabama                          1         3,338,854         
      0.84%
  New Hampshire                    1         3,184,270         
      0.80%
  Utah                             1         1,646,419         
      0.41%
  North Carolina                   1         1,532,027         
      0.39%
  Other                            3         2,987,897         
      0.75%
  Total                          109       396,868,307         
    100.00%
  
  Loan Seasoning
                           Number               Scheduled      
   Based on
  Number of Years          of Loans            Balance         
   Balance
  1 year or less                  94       342,704,888         
     86.35%
   1+ to 2 years                  15        54,163,419         
     13.65%
  2+ to 3 years                    0                 0         
      0.00%
  3+ to 4 years                    0                 0         
      0.00%
  4+ to 5 years                    0                 0         
      0.00%
  5+ to 6 years                    0                 0         
      0.00%
  6+ to 7 years                    0                 0         
      0.00%
  7+ to 8 years                    0                 0         
      0.00%
  8+ to 9 years                    0                 0         
      0.00%
  9+ to 10 years                   0                 0         
      0.00%
  10  years or more                0                 0         
      0.00%
  Total                          109       396,868,307         
    100.00%
  
  Weighted Average Seasoning is                              
  0.6
  
  Distribution of Amortization Type
                           Number               Scheduled      
   Based on
  Amortization Type        of Loans            Balance         
   Balance
  Fully Amortizing              16        39,744,591           
   10.01%
  Amortizing Balloon            93       357,123,717           
   89.99%
  Total                        109       396,868,307           
  100.00%
  
  
  Distribution of Remaining Term
  Fully Amortizing
  Fully Amortizing         Number               Scheduled      
   Based on
  Mortgage Loans           of Loans            Balance         
   Balance
  60 months or less            0                 0             
  0.00%
  61 to 120 months             1         2,271,982             
  0.57%
  121 to 180 months            2         3,279,021             
  0.83%
  181 to 240 months            8        12,909,010             
  3.25%
  241 to 360 months            5        21,284,578             
  5.36%
  Total                       16        39,744,591            
  10.01%
  
  Weighted Average Months to Maturity is                     
  238
  
  
  Distribution of Remaining Term
  Balloon Loans
  Balloon                  Number               Scheduled      
   Based on
  Mortgage Loans           of Loans            Balance         
   Balance
  12 months or less               0                 0          
     0.00%
  13 to 24 months                 0                 0          
     0.00%
  25 to 36 months                 0                 0          
     0.00%
  37 to 48 months                 0                 0          
     0.00%
  49 to 60 months                 0                 0          
     0.00%
  61 to 120 months               85       340,341,654          
    85.76%
  121 to 180 months               7        14,013,348          
     3.53%
  181 to 240 months               1         2,768,714          
     0.70%
  Total                          93       357,123,717          
    89.99%
  
  Weighted Average Months to Maturity is                     
  102
  
  
  Distribution of DSCR
                           Debt Service                        
   Number
                           Coverage Ratio (1)                  
   of Loans
  0.250or                  less                               
  0
  0.250to                               0.375                 
  0
  0.375to                               0.500                 
  0
  0.500to                               0.625                 
  0
  0.625to                               0.750                 
  0
  0.750to                               0.875                 
  0
  0.875to                               1.000                 
  0
  1.000to                               1.125                 
  0
  1.125to                               1.250                 
  4
  1.250to                               1.375                
  30
  1.375to                               1.500                
  37
  1.500to                               1.750                
  17
  1.750to                               2.000                
  10
  2.000to                               2.250                 
  3
  2.250&                   above                              
  8
  Unknown                                                     
  0
  Total                                                     
  109
  Weighted Average Debt Service Coverage Ratio is       2.263
  
  Distribution of DSCR
                           Debt Service                        
    Scheduled
                           Coverage Ratio (1)                  
   Balance
  0.250or                  less                               
  0
  0.250to                               0.375                 
  0
  0.375to                               0.500                 
  0
  0.500to                               0.625                 
  0
  0.625to                               0.750                 
  0
  0.750to                               0.875                 
  0
  0.875to                               1.000                 
  0
  1.000to                               1.125                 
  0
  1.125to                               1.250        
  11,405,593
  1.250to                               1.375       
  124,653,824
  1.375to                               1.500       
  144,108,787
  1.500to                               1.750        
  40,248,976
  1.750to                               2.000        
  32,994,305
  2.000to                               2.250         
  6,503,431
  2.250&                   above                     
  36,953,392
  Unknown                                                     
  0
  Total                                             
  396,868,307
  
  Distribution of DSCR
                           Debt Service                        
   Based on
                           Coverage Ratio (1)                  
   Balance
  0.250or                  less                           
  0.00%
  0.250to                               0.375             
  0.00%
  0.375to                               0.500             
  0.00%
  0.500to                               0.625             
  0.00%
  0.625to                               0.750             
  0.00%
  0.750to                               0.875             
  0.00%
  0.875to                               1.000             
  0.00%
  1.000to                               1.125             
  0.00%
  1.125to                               1.250             
  2.87%
  1.250to                               1.375            
  31.41%
  1.375to                               1.500            
  36.31%
  1.500to                               1.750            
  10.14%
  1.750to                               2.000             
  8.31%
  2.000to                               2.250             
  1.64%
  2.250&                   above                          
  9.31%
  Unknown                                                 
  0.00%
  Total                                                 
  100.00%
  
  (1) Debt Service Coverage Ratios are calculated as described
  in the prospectus, values are updated periodically as new
  NOI figures became available from borrowers on an asset
  level.
        Neither the Trustee, Servicer, Special Servicer or
  Underwriter makes any representation as to the accuracy of
  the data provided by the borrower for this calculation.
  
  NOI Aging
                           Number               Scheduled      
   Based on
  NOI Date                 of Loans            Balance         
   Balance
  1 year or less                   4        26,711,949         
      6.73%
  1 to 2 years                     0                 0         
      0.00%
  2 Years or More                  0                 0         
      0.00%
  Unknown                        105       370,156,359         
     93.27%
  Total                          109       396,868,307         
    100.00%
  
  Loan Level Detail
                                               Property
  Disclosure                                   Type            
   Maturity
  Control #                Group               Code            
   Date
              1  SASC96C2            Retail Facility           
    09/01/03
              2  SASC96C2            Hospitality               
    07/01/06
              3  SASC96C2            Hospitality               
    06/01/03
              4  SASC96C2            Retail Facility           
    06/01/03
              5  SASC96C2            Retail Facility           
    08/01/06
              6  SASC96C2            Retail Facility           
    08/01/06
              7  SASC96C2            MF- Housing               
    05/01/02
              8  SASC96C2            MF- Housing               
    12/01/05
              9  SASC96C2            Retail Facility           
    12/01/02
             10  SASC96C2            Retail Facility           
    09/01/06
             11  SASC96C2            Retail Facility           
    09/01/06
             12  SASC96C2            Retail Facility           
    08/01/06
             13  SASC96C2            Hospitality               
    03/01/19
             14  SASC96C2            MF- Housing               
    06/01/05
             15  SASC96C2            MF- Housing               
    07/01/05
             16  SASC96C2            Hospitality               
    10/01/18
             17  SASC96C2            MF- Housing               
    02/01/06
             18  SASC96C2            Retail Facility           
    07/01/03
             19  SASC96C2            Hospitality               
    08/01/06
             20  SASC96C2            Hospitality               
    02/01/03
             21  SASC96C2            Hospitality               
    06/01/03
             22  SASC96C2            MF- Housing               
    02/01/06
             23  SASC96C2            MF- Housing               
    02/01/06
             24  SASC96C2            Retail Facility           
    08/01/02
             25  SASC96C2            MF- Housing               
    06/01/06
             26  SASC96C2            MF- Housing               
    04/01/06
             27  SASC96C2            Retail Facility           
    07/01/03
             28  SASC96C2            Hospitality               
    08/01/03
             29  SASC96C2            Hospitality               
    08/01/03
             30  SASC96C2            Hospitality               
    01/01/06
             31  SASC96C2            MF- Housing               
    12/01/05
             32  SASC96C2            MF- Housing               
    07/01/02
             33  SASC96C2            Hospitality               
    11/01/18
             34  SASC96C2            MF- Housing               
    02/01/06
             35  SASC96C2            Retail Facility           
    09/01/06
             36  SASC96C2            Hospitality               
    02/01/03
             37  SASC96C2            Office                    
    12/01/02
             38  SASC96C2            MF- Housing               
    01/01/11
             39  SASC96C2            MF- Housing               
    07/01/11
             40  SASC96C2            MF- Housing               
    10/01/05
             41  SASC96C2            Self Service Stora        
    09/01/06
             42  SASC96C2            MF- Housing               
    05/01/03
             43  SASC96C2            Retail Facility           
    08/01/03
             44  SASC96C2            Retail Facility           
    04/01/06
             45  SASC96C2            Hospitality               
    08/01/03
             46  SASC96C2            Hospitality               
    02/01/03
             47  SASC96C2            MF- Housing               
    10/01/06
             48  SASC96C2            MF- Housing               
    10/01/15
             49  SASC96C2            Hospitality               
    12/01/15
             50  SASC96C2            Hospitality               
    08/01/03
             51  SASC96C2            MF- Housing               
    04/01/06
             52  SASC96C2            Hospitality               
    06/01/06
             53  SASC96C2            Congregate Care           
    07/01/03
             54  SASC96C2            MF- Housing               
    04/01/06
             55  SASC96C2            Hospitality               
    08/01/11
             56  SASC96C2            Hospitality               
    02/01/03
             57  SASC96C2            MF- Housing               
    10/01/02
             58  SASC96C2            Hospitality               
    08/01/03
             59  SASC96C2            Congregate Care           
    07/01/03
             60  SASC96C2            Hospitality               
    12/01/05
             61  SASC96C2            Office                    
    05/01/05
             62  SASC96C2            MF- Housing               
    09/01/03
             63  SASC96C2            MF- Housing               
    01/01/16
             64  SASC96C2            MF- Housing               
    02/01/06
             65  SASC96C2            MF- Housing               
    02/01/06
             66  SASC96C2            MF- Housing               
    09/01/16
             67  SASC96C2            Hospitality               
    04/01/19
             68  SASC96C2            MF- Housing               
    12/01/05
             69  SASC96C2            Retail Facility           
    07/01/06
             70  SASC96C2            MF- Housing               
    06/01/06
             71  SASC96C2            Hospitality               
    01/01/11
             72  SASC96C2            MF- Housing               
    06/01/06
             73  SASC96C2            MF- Housing               
    06/01/06
             74  SASC96C2            Hospitality               
    01/01/11
             75  SASC96C2            Retail Facility           
    05/01/06
             76  SASC96C2            Hospitality               
    08/01/18
             77  SASC96C2            MF- Housing               
    01/01/06
             78  SASC96C2            MF- Housing               
    08/01/06
             79  SASC96C2            Hospitality               
    01/01/11
             80  SASC96C2            Hospitality               
    08/01/03
             81  SASC96C2            Retail Facility           
    04/01/06
             82  SASC96C2            Hospitality               
    12/01/05
             83  SASC96C2            MF- Housing               
    10/01/16
             84  SASC96C2            Retail Facility           
    01/01/03
             85  SASC96C2            MF- Housing               
    10/01/16
             86  SASC96C2            MF- Housing               
    11/01/05
             87  SASC96C2            Retail Facility           
    09/01/06
             88  SASC96C2            Hospitality               
    01/01/11
             89  SASC96C2            Hospitality               
    05/01/06
             90  SASC96C2            MF- Housing               
    06/01/06
             91  SASC96C2            MF- Housing               
    08/01/06
             92  SASC96C2            MF- Housing               
    05/01/16
             93  SASC96C2            Hospitality               
    01/01/16
             94  SASC96C2            Hospitality               
    04/01/06
             95  SASC96C2            MF- Housing               
    08/01/05
             96  SASC96C2            Retail Facility           
    07/01/03
             97  SASC96C2            MF- Housing               
    05/01/03
             98  SASC96C2            MF- Housing               
    10/01/05
             99  SASC96C2            MF- Housing               
    08/01/06
            100  SASC96C2            MF- Housing               
    04/01/06
            101  SASC96C2            Hospitality               
    01/01/11
            102  SASC96C2            MF- Housing               
    08/01/06
            103  SASC96C2            MF- Housing               
    08/01/06
            104  SASC96C2            MF- Housing               
    02/01/06
            105  SASC96C2            Retail Facility           
    05/01/09
            106  SASC96C2            MF- Housing               
    12/01/05
            107  SASC96C2            MF- Housing               
    12/01/04
            108  SASC96C2            Retail Facility           
    08/01/16
            109  SASC96C2            MF- Housing               
    03/01/06
  
  
  
      *  NOI and DSCR, if available and reportable under the
  terms of the trust agreement, are based on information
  obtained from the related borrower, and no other party to
  the agreement shall be held liable for the accuracy or
  methodology used to determine
  such figures.
  (1)   Legend:            A.  P&I Adv -  in Grace Period
                           B.  P&I Adv -  < one month delinq
  
                           1.  P&I Adv -  delinquent 1 month
                           2.  P&I Adv -  delinquent 2 months
                           3.  P&I Adv -  delinquent 3+ months
                           4.  Mat. Balloon/Assumed  P&I
                           5. Prepaid in Full
                           6. Specially  Serviced
                           7. Foreclosure
                           8. Bankruptcy
                           9. REO
                           10. DPO
                           11. Modification
  
                                                               
   Operating
  Disclosure                                                   
   Statement
  Control #                DSCR                NOI             
   Date
               1               1.344         2,136,898
               2               1.451         2,671,814
               3               1.383         2,204,211
               4               1.290         1,551,610
               5               1.277         1,341,511
               6               1.300         1,406,635
               7              14.405           346,032         
   03/31/96
               8               1.276         1,034,419
               9               1.770         1,425,281
              10               1.346         1,114,194
              11               1.465         1,157,468
              12               1.370         1,029,798
              13               1.835         1,447,065
              14              10.969           190,723         
   03/31/96
              15              13.372           195,463         
   03/31/96
              16               1.403           986,165
              17               1.485           808,076
              18               1.868         1,154,295
              19               1.462           974,332
              20               1.388           818,724
              21               1.457           894,743
              22               1.390           669,628
              23               1.157           595,338
              24               1.520           811,602
              25               1.430           709,827
              26               1.322           644,245
              27               1.258           613,716
              28               1.414           748,936
              29               1.484           781,494
              30               1.577           795,999
              31               1.259           493,473
              32              14.482           147,793         
   03/31/96
              33               2.326         1,005,025
              34               1.557           554,660
              35               1.346           533,540
              36               1.511           600,602
              37               1.382           517,959
              38               1.674           566,295
              39               1.151           377,399
              40               1.376           438,872
              41               1.424           481,672
              42               1.427           433,223
              43               1.300           426,573
              44               1.386           439,614
              45               1.410           467,570
              46               1.412           431,106
              47               1.257           347,968
              48               1.567           480,531
              49               2.489           761,065
              50               1.429           420,039
              51               1.251           332,118
              52               1.469           455,266
              53               1.392           373,339
              54               1.320           326,386
              55               2.185           760,103
              56               1.972           500,545
              57               1.752           418,391
              58               1.415           372,005
              59               1.401           329,271
              60               1.651           411,294
              61               2.034           829,436
              62               1.274           270,040
              63               1.611           361,828
              64               1.344           254,291
              65               1.488           276,543
              66               1.387           295,660
              67               1.649           349,958
              68               1.475           263,074
              69               1.563           303,548
              70               1.331           242,229
              71               2.262           390,200
              72               1.368           219,335
              73               1.479           234,002
              74               2.271           378,180
              75               1.404           209,715
              76               1.831           349,692
              77               1.333           208,144
              78               1.252           208,846
              79               2.087           333,157
              80               1.904           321,778
              81               1.209           188,734
              82               1.464           243,136
              83               1.410           228,408
              84               1.452           199,102
              85               1.421           222,462
              86               1.568           209,390
              87               1.300           190,532
              88               1.912           259,630
              89               1.555           222,509
              90               1.381           164,539
              91               1.271           161,728
              92               1.338           174,931
              93               1.545           207,352
              94               1.386           172,427
              95               1.278           142,355
              96               1.465           172,686
              97               1.200           123,314
              98               1.821           187,537
              99               1.516           151,725
             100               1.614           143,877
             101               1.667           132,178
             102               1.490           118,813
             103               1.300           100,932
             104               1.276            79,502
             105               1.555           131,254
             106               1.353            72,388
             107               1.334            87,308
             108               1.324            82,756
             109               1.847            83,874
  
  
  
                           Ending
  Disclosure               Principal           Note            
   Scheduled
  Control #                Balance             Rate            
   P&I
               1          16,930,140            8.680%         
    132,499
               2          16,204,438           10.500%         
    153,430
               3          14,840,455            9.750%         
    132,779
               4          12,316,427            9.095%         
    100,216
               5          10,653,172            9.220%         
     87,548
               6          10,588,125            9.380%         
     90,170
               7           9,196,189            9.250%         
     80,072
               8           8,726,326            8.500%         
     67,564
               9           8,444,646            8.790%         
     67,113
              10           8,391,220            9.230%         
     68,983
              11           7,686,730            9.230%         
     65,835
              12           7,603,064            9.250%         
     62,647
              13           7,435,263            9.250%         
     65,704
              14           7,100,474            8.740%         
     57,961
              15           6,187,979            8.650%         
     48,723
              16           6,123,369           10.250%         
     58,557
              17           6,112,235            8.050%         
     45,341
              18           5,988,642            9.740%         
     51,505
              19           5,927,295           10.375%         
     55,555
              20           5,826,939            8.625%         
     49,143
              21           5,664,745            9.875%         
     51,178
              22           5,490,042            7.900%         
     40,156
              23           5,457,291            8.100%         
     42,893
              24           5,453,064            9.060%         
     44,492
              25           5,234,738            8.770%         
     41,377
              26           5,217,713            8.590%         
     40,626
              27           5,088,495            8.900%         
     40,669
              28           4,893,578            9.875%         
     44,140
              29           4,863,648            9.875%         
     43,870
              30           4,747,704            9.250%         
     42,051
              31           4,367,213            8.120%         
     32,654
              32           4,227,306            8.290%         
     34,018
              33           4,094,309            9.125%         
     36,007
              34           4,054,236            7.910%         
     29,682
              35           4,025,768            9.210%         
     33,038
              36           3,927,495            8.625%         
     33,124
              37           3,920,462            8.820%         
     31,241
              38           3,562,031            8.170%         
     28,192
              39           3,338,854            9.164%         
     27,318
              40           3,210,463            8.680%         
     26,582
              41           3,209,740            9.540%         
     28,179
              42           3,204,694            8.750%         
     25,300
              43           3,184,270            9.570%         
     27,335
              44           3,129,882            9.000%         
     26,435
              45           3,052,874            9.875%         
     27,537
              46           3,017,345            8.625%         
     25,447
              47           2,948,280            8.685%         
     23,071
              48           2,838,822            8.710%         
     25,554
              49           2,768,714            9.750%         
     25,480
              50           2,768,260            9.625%         
     24,487
              51           2,735,819            8.470%         
     22,128
              52           2,700,662           10.625%         
     25,801
              53           2,695,830            9.320%         
     22,349
              54           2,688,113            8.420%         
     20,608
              55           2,641,023           10.250%         
     28,993
              56           2,532,088            8.500%         
     21,148
              57           2,529,694            8.660%         
     19,898
              58           2,429,330            9.875%         
     21,913
              59           2,307,478            9.585%         
     19,584
              60           2,298,040            9.500%         
     20,762
              61           2,271,982           10.680%         
     33,986
              62           2,247,387            8.725%         
     17,661
              63           2,162,564            8.230%         
     18,718
              64           2,115,063            8.100%         
     15,763
              65           2,087,104            8.050%         
     15,482
              66           1,993,850            8.820%         
     17,764
              67           1,985,219            9.375%         
     17,690
              68           1,960,718            8.270%         
     14,865
              69           1,955,920            9.290%         
     16,182
              70           1,732,713            9.470%         
     15,166
              71           1,718,845            8.500%         
     14,374
              72           1,690,073            8.770%         
     13,359
              73           1,667,638            8.770%         
     13,181
              74           1,659,575            8.500%         
     13,878
              75           1,653,512            8.230%         
     12,448
              76           1,646,419           10.375%         
     15,918
              77           1,632,818            8.250%         
     13,009
              78           1,605,905            9.350%         
     13,899
              79           1,590,426            8.500%         
     13,300
              80           1,561,356            9.875%         
     14,084
              81           1,540,098            9.000%         
     13,008
              82           1,532,027            9.500%         
     13,841
              83           1,497,754            9.000%         
     13,496
              84           1,490,422            8.400%         
     11,428
              85           1,447,829            9.000%         
     13,046
              86           1,436,557            8.500%         
     11,130
              87           1,429,635            9.670%         
     12,211
              88           1,353,344            8.500%         
     11,317
              89           1,294,123           10.125%         
     11,928
              90           1,256,337            8.770%         
      9,930
              91           1,252,901            9.070%         
     10,603
              92           1,237,914            8.560%         
     10,895
              93           1,182,545            9.500%         
     11,186
              94           1,141,813            9.625%         
     10,367
              95           1,138,058            8.470%         
      9,283
              96           1,096,515            9.780%         
      9,826
              97           1,069,350            8.910%         
      8,564
              98           1,036,589            8.680%         
      8,583
              99           1,028,323            9.070%         
      8,340
             100             894,061            8.800%         
      7,430
             101             790,274            8.500%         
      6,609
             102             768,035            9.340%         
      6,643
             103             748,088            9.340%         
      6,470
             104             663,539            8.050%         
      5,193
             105             637,997            8.750%         
      6,920
             106             582,839            8.370%         
      4,460
             107             565,012           10.560%         
      5,454
             108             547,730            9.730%         
      5,210
             109             466,265            8.500%         
      3,785
  
                         396,868,307                           
  3,354,546
  
  
                                                               
   Loan
  Disclosure                                   Prepayment      
   Status
  Control #                Prepayment          Date            
   Code (1)
                          1
                          2
                          3
                          4
                          5
                          6
                          7
                          8
                          9                   0
                         10
                         11
                         12                  -0
                         13
                         14
                         15
                         16
                         17
                         18
                         19
                         20                 152
                         21
                         22
                         23
                         24                  -1
                         25
                         26
                         27
                         28
                         29
                         30                  -0
                         31
                         32
                         33                  -0
                         34
                         35
                         36                 103
                         37
                         38
                         39
                         40                  -0
                         41
                         42
                         43                   0
                         44
                         45
                         46                  26
                         47
                         48
                         49                  -0
                         50
                         51
                         52              -3,186
                         53
                         54
                         55                                    
    B
                         56                  -3
                         57
                         58
                         59
                         60
                         61
                         62                   0
                         63
                         64
                         65
                         66                   1
                         67
                         68
                         69
                         70                   0
                         71
                         72
                         73
                         74
                         75                  -0
                         76
                         77
                         78
                         79                   0
                         80
                         81
                         82
                         83
                         84
                         85
                         86
                         87
                         88
                         89
                         90
                         91
                         92
                         93                   0
                         94                   0
                         95
                         96
                         97
                         98
                         99
                        100
                        101
                        102
                        103
                        104
                        105
                        106
                        107
                        108
                        109
  
                                         -2,909
  


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