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Previous: GLENAYRE TECHNOLOGIES INC, S-4, 1996-11-08 |
Next: MERRILL LYNCH MORTGAGE INVESTORS INC, 8-K, 1996-11-08 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event report): May 28, 1996
Merrill Lynch Mortgage Investors, Inc.
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware
- -------------------------------------------------------------------------------
(State or other jurisdiction of incorporation)
333-1704 13-3416059
- -------------------------------------------------------------------------------
(Commission File Number) (IRS Employer Identification No.)
World Financial Headquarters
North Tower - 10th Fl.
New York, New York 10281-1310
- -------------------------------------------------------------------------------
(Address of principal executive offices and Zip code)
Registrant's telephone number, including area code: (212) 449-0336
Not Applicable
- -------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
------------
Merrill Lynch Mortgage Investors, Inc. files herewith a copy of the Servicer's
reports issued May 28, 1996, relating to its Series 1996-C1 Trust Fund to
holders of Class A, Class B, Class C, Class D, and Class IO Certificates.
SIGNATURES
- -----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the
undersigned hereunto duly authorized.
Merrill Lynch Mortgage Investors, Inc.
By: /s/ Michael M. McGovern
Michael M. McGovern
Its: Director and Secretary
Dated: October 28, 1996
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
REMIC I
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
<CAPTION>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------ ---------- --------- -------- --------- ----- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
---- ---- ---- ---- ---- ---- ---- ----
TOTALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
---- ---- ---- ---- ---- ---- ---- ----
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCES INTEREST PRINCIPAL TOTAL BALANCES CURRENT NEXT
- ------ ----- ---------- -------- --------- -------- --------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
<CAPTION>
SELLER: Merrill Lynch Mortgage Investors Inc. ADMINISTRATOR: Tim Lewis
SERVICER: GE Capital Realty Bankers Trust Company
LEAD UNDERWRITER: Merrill Lynch & Co. 3 Park Plaza
RECORD DATE: April 30, 1996 Irvine, CA 92714
DISTRIBUTION DATE: May 28, 1996 FACTOR INFORMATION: (800) 735 -7777
Page 1 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
REMIC II
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
<CAPTION>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------ -------------- -------------- ------------ ---------- ------------ --------- --------- --------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
S 182,300,000.00 182,300,000.00 1,228,656.48 622,660.21 1,851,316.69 0.00 0.00 181,677,339.79
T 27,813,000.00 27,813,000.00 187,452.67 0.00 187,452.67 0.00 0.00 27,813,000.00
U 226,505,616.00 226,505,616.00 1,526,591.29 0.00 1,526,591.29 0.00 0.00 226,505,616.00
V 38,833,000.00 38,833,000.00 261,724.72 0.00 261,724.72 0.00 0.00 38,833,000.00
W 38,833,000.00 38,833,000.00 261,724.72 0.00 261,724.72 0.00 0.00 38,833,000.00
X 32,361,000.00 32,361,000.00 218,105.06 0.00 218,105.06 0.00 0.00 32,361,000.00
Y 100,319,459.00 100,319,459.00 676,137.92 0.00 676,128.11 0.00 0.00 100,319,459.00
Z 254,384.00 254,384.00 0.00 193.55 193.55 0.00 0.00 254,190.45
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-------------- -------------- ------------ ---------- ------------ --------- --------- --------------
TOTALS 647,219,459.00 647,219,459.00 4,360,383.06 622,853.76 4,983,236.82 0.00 0.00 646,596,605.24
-------------- -------------- ------------ ---------- ------------ --------- --------- --------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ ----- ------------- --------- ---------- -------- ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
S 1,000.000000 6.739750 3.415580 10.155330 996.584420 8.087700% 8.087640%
T 1,000.000000 6.739750 0.000000 6.739750 1,000.000000 8.087700% 8.087640%
U 1,000.000000 6.739750 0.000000 6.739750 1,000.000000 8.087700% 8.087640%
V 1,000.000000 6.739750 0.000000 6.739750 1,000.000000 8.087700% 8.087640%
W 1,000.000000 6.739750 0.000000 6.739750 1,000.000000 8.087700% 8.087640%
X 1,000.000000 6.739750 0.000000 6.739750 1,000.000000 8.087700% 8.087640%
Y 1,000.000000 6.739750 0.000000 6.739750 1,000.000000 8.087700% 8.087640%
Z 1,000.000000 0.000000 0.760858 0.760858 999.239142 NA NA
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
<CAPTION>
SELLER: Merrill Lynch Mortgage Investors Inc. ADMINISTRATOR: Tim Lewis
SERVICER: GE Capital Realty Bankers Trust Company
LEAD UNDERWRITER: Merrill Lynch & Co. 3 Park Plaza
RECORD DATE: April 30, 1996 Irvine, CA 92714
DISTRIBUTION DATE: May 28, 1996 FACTOR INFORMATION: (800) 735 -7777
Page 2 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
REMIC III
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
<CAPTION>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------ -------------- -------------- ------------ ---------- ------------ --------- --------- --------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 182,300,000.00 182,300,000.00 1,086,204.17 622,660.21 1,708,864.38 0.00 0.00 181,677,339.79
A-2 27,813,000.00 27,813,000.00 167,805.10 0.00 167,805.10 0.00 0.00 27,813,000.00
A-3 226,505,616.00 226,505,616.00 1,400,559.73 0.00 1,400,559.73 0.00 0.00 226,505,616.00
A-PO 254,384.00 254,384.00 0.00 193.55 193.55 0.00 0.00 254,190.45
B 38,833,000.00 38,833,000.00 240,117.38 0.00 240,117.38 0.00 0.00 38,833,000.00
C 38,833,000.00 38,833,000.00 240,117.38 0.00 240,117.38 0.00 0.00 38,833,000.00
D 32,361,000.00 32,361,000.00 200,098.85 0.00 200,098.85 0.00 0.00 32,361,000.00
IO 0.00 0.00 405,171.79 0.00 405,171.79 0.00 0.00 0.00
E 48,541,000.00 48,541,000.00 300,145.18 0.00 300,145.18 0.00 0.00 48,541,000.00
F 32,361,000.00 32,361,000.00 200,098.85 0.00 200,098.85 0.00 0.00 32,361,000.00
G 19,417,459.00 19,417,459.00 120,064.63 0.00 120,064.63 0.00 0.00 19,417,459.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-------------- -------------- ------------ ---------- ------------ ---- ---- --------------
TOTALS 647,219,459.00 647,219,459.00 4,360,383.06 622,853.76 4,983,236.82 0.00 0.00 646,596,605.24
--------------- -------------- ------------ ---------- ------------ ---- ---- --------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ ----------- ------------ --------- ---------- -------- ------------ --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 589929LJ5 1,000.000000 5.958333 3.415580 9.373913 996.584420 7.150000% 7.150000%
A-2 589929LK2 1,000.000000 6.033333 0.000000 6.033333 1,000.000000 7.240000% 7.240000%
A-3 589929LL0 1,000.000000 6.183333 0.000000 6.183333 1,000.000000 7.420000% 7.420000%
A-PO 589929LQ9 1,000.000000 0.000000 0.760858 0.760858 999.239142 NA NA
B 589929LM8 1,000.000000 6.183333 0.000000 6.183333 1,000.000000 7.420000% 7.420000%
C 589929LN6 1,000.000000 6.183333 0.000000 6.183333 1,000.000000 7.420000% 7.420000%
D 589929LP1 1,000.000000 6.183333 0.000000 6.183333 1,000.000000 7.420000% 7.420000%
IO 589929LR7 0.000000 0.626019 0.000000 0.626019 0.000000 NA NA
E 589929LS5 1,000.000000 6.183333 0.000000 6.183333 1,000.000000 7.420000% 7.420000%
F 589929LT3 1,000.000000 6.183333 0.000000 6.183333 1,000.000000 7.420000% 7.420000%
G 589929LU0 1,000.000000 6.183333 0.000000 6.183334 1,000.000000 7.420000% 7.420000%
R-III 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
<CAPTION>
SELLER: Merrill Lynch Mortgage Investors Inc. ADMINISTRATOR: Tim Lewis
SERVICER: GE Capital Realty Bankers Trust Company
LEAD UNDERWRITER: Merrill Lynch & Co. 3 Park Plaza
RECORD DATE: April 30, 1996 Irvine, CA 92714
DISTRIBUTION DATE: May 28, 1996 FACTOR INFORMATION: (800) 735 -7777
Page 3 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: May 28, 1996
<S> <C> <C>
NONRECOVERABLE ADVANCE 0.00
SERVICING ADVANCE 0.00
MASTER SERVICER P&I ADVANCES MADE: 0.00
MASTER SERVICER UNREIMBURSED P&I ADVANCES OUTSTANDING: 0.00
INTEREST ACCRUED AND PAYABLE TO MASTER SERVICER IN RESPECT OF UNREIMBURSED ADVANCES: 0.00
ACCRUED SERVICING FEES FOR THE CURRENT PERIOD: 67,348.11
PLUS ADDITIONAL SERVICING FEES: 0.00
LESS PERMITTED REDUCTIONS TO SERVICING FEES: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 67,348.11
ACTUAL COLLECTED SERVICING FEES FOR CURRENT PERIOD: 67,348.11
<CAPTION>
AGGREGATE DELINQUENT AND FORECLOSURE MORTGAGE LOAN INFORMATION:
1 2 3+
AGGREGATE DELINQUENT INFORMATION: MONTH MONTHS MONTHS TOTAL
- --------------------------------- ----- ------ ------ ------
<S> <C> <C> <C> <C>
AGGREGATE STATED PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
AGGREGATE FORECLOSURE INFORMATION: TOTAL
- ---------------------------------- -----
AGGREGATE STATED PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
LOAN LEVEL DELINQUENCY AND FORECLOSURE INFORMATION (if applicable):
<S> <C>
31-60 DAY DELINQUENCIES
-----------------------
LOAN NUMBER: NA
STATED PRINCIPAL BALANCE: NA
COMMENTS:
61-90 DAY DELINQUENCIES
-----------------------
LOAN NUMBER: NA
STATED PRINCIPAL BALANCE: NA
COMMENTS:
90+ DAY DELINQUENCIES
---------------------
LOAN NUMBER: NA
STATED PRINCIPAL BALANCE: NA
COMMENTS:
FORECLOSURE INFORMATION
------------------------
LOAN NUMBER: NA
STATED PRINCIPAL BALANCE: NA
COMMENTS:
Page 4 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: May 28, 1996
<S> <C>
STATED PRINCIPAL BALANCES OF THE MORTGAGE POOL PRIOR TO CURRENT DISTRIBUTION D 647,219,459.07
STATED PRINCIPAL BALANCES OF THE MORTGAGE POOL SUBSEQUENT TO CURRENT DISTRIBUT 646,596,605.31
CLASS IO- COMPONENT 1 PASS-THROUGH RATE 0.667818%
CLASS IO- COMPONENT 1 NOTIONAL AMOUNT PRIOR TO CURRENT DISTRIBUTION DATE: 647,219,459.00
CLASS IO- COMPONENT 1 NOTIONAL AMOUNT SUBSEQUENT TO CURRENT DISTRIBUTION DATE: 646,596,605.24
CLASS IO- COMPONENT 2 PASS-THROUGH RATE 0.270000%
CLASS IO- COMPONENT 2 NOTIONAL AMOUNT PRIOR TO CURRENT DISTRIBUTION DATE: 182,300,000.00
CLASS IO- COMPONENT 2 NOTIONAL AMOUNT SUBSEQUENT TO CURRENT DISTRIBUTION DATE: 181,677,339.79
CLASS IO- COMPONENT 3 PASS-THROUGH RATE 0.180000%
CLASS IO- COMPONENT 3 NOTIONAL AMOUNT PRIOR TO CURRENT DISTRIBUTION DATE: 27,813,000.00
CLASS IO- COMPONENT 3 NOTIONAL AMOUNT SUBSEQUENT TO CURRENT DISTRIBUTION DATE: 27,813,000.00
AVAILABLE DISTRIBUTION AMOUNT: 4,983,236.82
ENDING LOAN COUNT 159
WEIGHTED AVERAGE REMAINING TERM TO MATURITY 119.00
WEIGHTED AVERAGE MORTGAGE RATE OF THE MORTGAGE LOANS 8.092022%
<CAPTION>
<S> <C> <C>
PREPAYMENT PREMIUMS THIS PERIOD: 0.00
CLASS A-1 0.00
CLASS A-2 0.00
CLASS A-3 0.00
CLASS B 0.00
CLASS C 0.00
CLASS D 0.00
CLASS IO 0.00
YIELD MAINTENANCE CHARGES: 0.00
CLASS A-1 0.00
CLASS A-2 0.00
CLASS A-3 0.00
CLASS B 0.00
CLASS C 0.00
CLASS D 0.00
CLASS IO 0.00
Page 5 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: May 28, 1996
<S> <C> <C>
PRINCIPAL DISTRIBUTION AMOUNT: 622,853.76
SCHEDULED PAYMENTS (OTHER THAN BALLOON PAYMENTS): 567,825.15
ASSUMED SCHEDULED PAYMENTS: 0.00
PRINCIPAL PREPAYMENTS: 55,028.61
BALLOON PAYMENTS: 0.00
LIQUIDATION AND INSURANCE PROCEEDS 0.00
ASSUMED SCHEDULED PAYMENTS (relating to REO Properties: 0.00
LIQUIDATION AND INSURANCE PROCEEDS (relating to REO Properties): 0.00
REO REVENUES 0.00
<CAPTION>
LOAN LEVEL PRINCIPAL PREPAYMENT INFORMATION:
<S> <C>
LOAN NUMBER PRINCIPAL PREPAYMENT
----------- --------------------
<CAPTION>
REALIZED LOSSES AND ADDITIONAL TRUST FUNDS EXPENSES:
- ----------------------------------------------------
<S> <C>
AGGREGATE REALIZED LOSSES DURING CURRENT COLLECTION PERIOD: 0.00
AGGREGATE ADDITIONAL TRUST FUND EXPENSES DURING CURRENT COLLECTION PERIOD: 0.00
<CAPTION>
ADDITIONAL TRUST FUND EXPENSES BY TYPE (as reported by Master Servicer, Special Servicer and Trustee):
<S> <C> <C>
SPECIAL SERVICING FEES 0.00
PRINCIPAL RECOVERY FEES 0.00
INTEREST ON ADVANCES PAYABLE TO MASTER SERVICER 0.00
EXPENSES INCURRED BY TRUST PURSUANT TO SECTION 3.09(c) 0.00
COST OF AN INDEPENDENT APPRAISER 0.00
ANY AMOUNTS PAYABLE TO NAMED PARTIES PURSUANT TO SECTION 6.03 0.00
COST OF ANY ADVICE & OPINIONS OF COUNSEL RELATING TO SPECIFIED SECTIONS 0.00
COST OF OBTAINING REO EXTENSIONS PER 3.16(a) 0.00
COST OF RECORDING THE POOLING & SERVICING AGREEMENT 0.00
TRUSTEE FEES AND EXPENSES PER SECTION 8.05 0.00
COST OF OPINIONS OF COUNSEL SOUGHT BY TRUSTEE PER SECTION 3.05(b)(iv) 0.00
TO PAY ANY AND ALL FEDERAL, STATE, OR LOCAL TAXES ON EITHER REMICSs 0.00
TO PAY TRUSTEE FOR ANY AMOUNTS REIMBURSABLE TO IT PER SECTION 10.01(f) 0.00
REALIZED LOSSES WHICH REMAIN UNALLOCATED: 0.00
ADDITIONAL TRUST FUND EXPENSES WHICH REMAIN UNALLOCATED: 0.00
Page 6 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: May 28, 1996
<S> <C>
ACCRUED CERTIFICATE INTEREST:
CLASS A-1 1,086,204.17
CLASS A-2 167,805.10
CLASS A-3 1,400,559.73
CLASS B 240,117.38
CLASS C 240,117.38
CLASS D 200,098.85
CLASS IO-COMPONENT 1 359,982.34
CLASS IO-COMPONENT 2 41,017.50
CLASS IO-COMPONENT 3 4,171.95
CLASS E 300,145.18
CLASS F 200,098.85
CLASS G 120,064.63
DISTRIBUTABLE CERTIFICATE INTEREST:
CLASS A-1 1,086.204.17
CLASS A-2 167,805.10
CLASS A-3 1,400,559.73
CLASS B 240,117.38
CLASS C 240,117.38
CLASS D 200,098.85
CLASS IO-COMPONENT 1 359,982.34
CLASS IO-COMPONENT 2 41,017.50
CLASS IO-COMPONENT 3 4,171.95
CLASS E 300,145.18
CLASS F 200,098.85
CLASS G 120,064.63
UNPAID DISTRIBUTABLE CERTIFICATE INTEREST:
CLASS A-1 0.00
CLASS A-2 0.00
CLASS A-3 0.00
CLASS B 0.00
CLASS C 0.00
CLASS D 0.00
CLASS IO-COMPONENT 1 0.00
CLASS IO-COMPONENT 2 0.00
CLASS IO-COMPONENT 3 0.00
CLASS E 0.00
CLASS F 0.00
CLASS G 0.00
Page 7 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
<TABLE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: May 28, 1996
<CAPTION>
REIMBURSEMENTS OF PREVIOUSLY ALLOCATED REALIZED LOSSES AND ADDITIONAL TRUST FUND EXPENSES:
- ------------------------------------------------------------------------------------------
<S> <C>
CURRENT REIMBURSEMENTS OF PREVIOUSLY ALLOCATED REALIZED LOSSES:
CLASS A-1 0.00
CLASS A-2 0.00
CLASS A-3 0.00
CLASS A-PO 0.00
CLASS B 0.00
CLASS C 0.00
CLASS D 0.00
CLASS E 0.00
CLASS F 0.00
CLASS G 0.00
CURRENT REIMBURSEMENTS OF PREVIOUSLY ALLOCATED ADDITIONAL TRUST FUND EXPENSES:
CLASS A-1 0.00
CLASS A-2 0.00
CLASS A-3 0.00
CLASS A-PO 0.00
CLASS B 0.00
CLASS C 0.00
CLASS D 0.00
CLASS E 0.00
CLASS F 0.00
CLASS G 0.00
Page 8 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
[LOGO] Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
- --------------------------------------------------------------------------------
MERRILL LYNCH MORTGAGE INVESTORS, INC.
SERIES 1996-C1
MONTHLY MASTER SERVICER/TRUSTEE REPORTS
MAY 1996
Merrill Lynch Mortgage Investors, Inc., Depositor
Fleet Real Estate Capital, Inc., Master Servicer
Bankers Trust Company, Trustee
This report is the property of Bankers Trust Company and is provided only
under written agreement. Except as set forth in such agreement,
Bankers Trust Company assumes no responsibility for the accuracy or
completeness of the information provided in this report. All rights reserved.
<PAGE>
<TABLE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<CAPTION>
Master Net Paid Ending Scheduled Principal
Loan Monthly Mortgage Service Fee Mortgage to Stated Principal Curtailments
Number Payment Rate Rate Rate Date Principal Received Received
- ---------- ---------- -------- -------- -------- ------- ------------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
885051001 17,661.28 8.25000 0.11000 8.14000 5011996 2,235,461.89 2,276.83 0.01
885051003 10,870.57 8.50000 0.11000 8.39000 5011996 1,348,691.93 1,308.07 0.00
885051006 10,805.43 8.00000 0.11000 7.89000 5011996 1,397,045.99 1,481.91 0.01
885051007 25,282.59 8.23000 0.11000 8.12000 5011996 3,294,681.64 2,668.27 0.01
885051011 12,576.09 8.87500 0.19500 8.68000 5011996 1,511,232.20 1,389.00 0.00
885051013 52,352.64 8.88000 0.11000 8.77000 5011996 6,288,492.30 5,775.06 0.03
885051014 34,278.50 8.88000 0.11000 8.77000 5011996 4,117,465.20 3,781.29 0.01
885051015 9,764.18 8.88000 0.11000 8.77000 5011996 1,172,853.73 1,077.09 (4,270.71)
885051016 32,212.73 8.87500 0.11000 8.76500 5011996 3,874,468.31 3,531.69 (0.00)
885051020 30,749.56 8.25000 0.14500 8.10500 5011996 3,896,062.94 3,937.06 0.01
885051021 43,553.17 8.50000 0.14500 8.35500 5011996 5,545,759.33 4,240.67 0.02
885051023 34,307.09 8.30000 0.14500 8.15500 5011996 4,442,919.76 3,552.32 0.00
885051024 31,801.52 8.30000 0.14500 8.15500 5011996 4,118,436.84 3,292.89 0.02
885051025 11,933.47 8.50000 0.11000 8.39000 5011996 1,480,564.03 1,435.97 0.01
888830006 6,840.72 8.78000 0.11000 8.67000 5011996 829,232.11 767.89 0.01
888830081 23,462.56 8.10000 0.11000 7.99000 5011996 2,998,197.80 3,203.10 (0.01)
888868829 11,991.33 8.12500 0.11000 8.01500 5011996 1,612,879.98 1,063.59 (0.01)
888868859 9,919.14 8.50000 0.11000 8.39000 5011996 1,262,061.55 972.65 0.00
888868860 13,018.69 8.62500 0.11000 8.51500 5011996 1,595,411.10 1,540.60 (0.01)
888868865 22,408.57 8.12500 0.11000 8.01500 5011996 3,014,038.24 1,987.56 0.00
888868866 13,316.47 8.37500 0.11000 8.26500 5011996 1,746,478.62 1,119.69 (0.01)
888868885 29,994.98 7.95900 0.11000 7.84900 5011996 3,883,322.07 4,210.92 (0.00)
888868887 19,608.74 8.08500 0.11000 7.97500 5011996 2,582,162.95 2,196.62 8.15
888868888 18,924.93 8.03900 0.11000 7.92900 5011996 2,502,411.47 2,146.48 0.00
888868889 14,116.14 7.89000 0.11000 7.78000 5011996 1,891,774.34 1,666.76 (0.02)
888868891 11,901.16 8.62500 0.11000 8.51500 5011996 1,494,319.37 1,152.46 0.00
888868892 28,923.76 8.25000 0.11000 8.14000 5011996 3,840,078.22 2,505.99 0.00
888868893 23,240.16 8.12500 0.11000 8.01500 5011996 3,123,815.96 2,075.27 0.00
888868896 78,879.69 8.00000 0.12500 7.87500 5011996 10,728,216.35 7,309.52 0.00
888868897 52,483.50 8.00000 0.11000 7.89000 5011996 6,763,769.30 7,342.75 0.02
888868898 21,874.07 8.25000 0.11000 8.14000 5011996 2,838,440.55 2,343.68 5.73
888868899 37,224.29 8.25000 0.11000 8.14000 5011996 4,834,317.03 3,961.13 (604.17)
888868900 50,655.74 8.25000 0.11000 8.14000 5011996 6,578,658.20 5,390.41 0.00
888868901 77,134.87 8.25000 0.11000 8.14000 5011996 10,017,502.30 8,208.11 0.00
888868902 19,353.22 8.12500 0.11000 8.01500 5011996 2,539,419.71 2,144.71 0.00
888868913 17,729.27 8.37500 0.11000 8.26500 5011996 2,215,856.18 2,248.75 (0.01)
888868914 22,375.87 8.62500 0.11000 8.51500 5011996 2,736,759.81 2,686.10 23.09
888868915 6,509.35 8.62500 0.11000 8.51500 5011996 796,929.69 775.84 0.00
888868916 11,071.87 8.50000 0.11000 8.39000 5011996 1,368,243.52 1,370.44 (0.00)
888868917 10,407.45 8.25000 0.11000 8.14000 5011996 1,351,615.24 1,107.48 0.00
888868919 7,865.02 8.28000 0.11000 8.17000 5011996 1,018,713.30 830.17 0.01
888868920 10,604.69 8.28000 0.11000 8.17000 5011996 1,373,568.43 1,119.34 0.01
888868921 28,685.55 8.37500 0.11000 8.26500 5011996 3,581,947.02 3,660.99 0.02
888868922 24,768.65 8.12500 0.11000 8.01500 5011996 3,161,781.50 3,338.15 0.02
888868923 49,682.07 8.15000 0.11000 8.04000 5011996 6,328,648.94 6,654.80 0.01
888868925 14,601.63 7.95000 0.11000 7.84000 5011996 1,891,863.07 2,054.43 (0.02)
888868927 11,527.60 7.95000 0.11000 7.84000 5011996 1,493,576.12 1,621.91 (2.03)
888868928 29,254.32 8.12500 0.11000 8.01500 5011996 3,734,387.55 3,942.71 (0.01)
888868929 80,850.28 8.09000 0.19500 7.89500 5011996 10,895,917.25 7,344.13 (0.01)
888868930 33,883.11 8.09000 0.19500 7.89500 5011996 4,566,311.88 3,077.81 0.01
888868931 32,209.19 8.42000 0.19500 8.22500 5011996 4,204,130.75 2,691.32 0.02
888868934 58,439.15 8.12500 0.11000 8.01500 5011996 7,674,527.83 6,432.65 0.00
888868936 13,630.38 8.31000 0.11000 8.20000 5011996 1,713,050.71 1,755.35 0.01
888868938 20,105.48 8.25000 0.11000 8.14000 5011996 2,539,596.40 2,627.69 0.00
888868939 17,803.23 9.12500 0.11000 9.01500 5011996 2,096,317.09 1,848.43 0.01
888868940 39,128.33 8.03000 0.11000 7.92000 5011996 5,182,498.66 4,419.20 0.00
888868941 58,533.19 8.00000 0.11000 7.89000 5011996 7,780,269.47 6,620.59 0.02
888868942 22,723.13 8.25000 0.11000 8.14000 5011996 2,870,241.91 2,969.80 0.00
888868943 19,410.36 8.25000 0.11000 8.14000 5011996 2,513,551.00 2,115.16 0.01
888868944 74,891.05 8.12500 0.11000 8.01500 5011996 9,560,032.16 10,093.33 0.01
Page 1 of 3
</TABLE>
<PAGE>
<TABLE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<CAPTION>
Principal Actual(Gross) Service Prepayment Interest Total
Loan Prepayments Interest Principal Interest Fees Interest on Unreimbursed Prepayment
Number Received Received Advanced Advanced Paid Exc/Shortfall Advances Advances Premiums
- ---------- ---------- ------------ --------- --------- -------- ------------- -------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
885051001 0.00 15,384.45 0.00 0.00 205.13 0.00 0.00 0.00 0.00
885051003 0.00 9,562.50 0.00 0.00 123.75 0.00 0.00 0.00 0.00
885051006 0.00 9,323.52 0.00 0.00 128.20 0.00 0.00 0.00 0.00
885051007 0.00 22,614.32 0.00 0.00 302.26 0.00 0.00 0.00 0.00
885051011 0.00 11,187.09 0.00 0.00 245.80 0.00 0.00 0.00 0.00
885051013 0.00 46,577.58 0.00 0.00 576.97 0.00 0.00 0.00 0.00
885051014 0.00 30,497.22 0.00 0.00 377.78 0.00 0.00 0.00 0.00
885051015 0.00 8,687.09 0.00 0.00 107.61 0.00 0.00 0.00 0.00
885051016 0.00 28,681.04 0.00 0.00 355.48 0.00 0.00 0.00 0.00
885051020 0.00 26,812.50 0.00 0.00 471.25 0.00 0.00 0.00 0.00
885051021 0.00 39,312.50 0.00 0.00 670.63 (30.04) 0.00 0.00 0.00
885051023 0.00 30,754.77 0.00 0.00 537.28 0.00 0.00 0.00 0.00
885051024 0.00 28,508.63 0.00 0.00 498.04 0.00 0.00 0.00 0.00
885051025 0.00 10,497.50 0.00 0.00 135.85 0.00 0.00 0.00 0.00
888830006 0.00 6,072.83 0.00 0.00 76.08 0.00 0.00 0.00 0.00
888830081 0.00 20,259.46 0.00 0.00 275.13 0.00 0.00 0.00 0.00
888868829 0.00 10,927.74 0.00 0.00 147.94 0.00 0.00 0.00 0.00
888868859 0.00 8,946.49 0.00 0.00 115.78 0.00 0.00 0.00 0.00
888868860 0.00 11,478.09 0.00 0.00 146.39 0.00 0.00 0.00 0.00
888868865 0.00 20,421.01 0.00 0.00 276.47 0.00 0.00 0.00 0.00
888868866 0.00 12,196.78 0.00 0.00 160.20 0.00 0.00 0.00 0.00
888868885 0.00 25,784.06 0.00 0.00 356.36 0.00 0.00 0.00 0.00
888868887 0.00 17,412.12 0.00 0.00 236.90 0.00 0.00 0.00 0.00
888868888 0.00 16,778.45 0.00 0.00 229.58 (0.01) 0.00 0.00 0.00
888868889 0.00 12,449.38 0.00 0.00 173.57 0.00 0.00 0.00 0.00
888868891 0.00 10,748.70 0.00 0.00 137.08 0.00 0.00 0.00 0.00
888868892 0.00 26,417.77 0.00 0.00 352.24 0.00 0.00 0.00 0.00
888868893 0.00 21,164.89 0.00 0.00 286.54 0.00 0.00 0.00 0.00
888868896 0.00 71,570.17 0.00 0.00 1,118.28 0.00 0.00 0.00 0.00
888868897 0.00 45,140.75 0.00 0.00 620.69 0.00 0.00 0.00 0.00
888868898 0.00 19,530.39 0.00 0.00 260.41 0.00 0.00 0.00 0.00
888868899 0.00 33,263.16 0.00 0.00 443.51 0.00 0.00 0.00 0.00
888868900 0.00 45,265.33 0.00 0.00 603.54 0.00 0.00 0.00 0.00
888868901 0.00 68,926.76 0.00 0.00 919.02 0.00 0.00 0.00 0.00
888868902 0.00 17,208.51 0.00 0.00 232.98 0.00 0.00 0.00 0.00
888868913 0.00 15,480.52 0.00 0.00 203.33 (13.95) 0.00 0.00 0.00
888868914 0.00 19,689.77 0.00 0.00 251.12 0.00 0.00 0.00 0.00
888868915 0.00 5,733.51 0.00 0.00 73.12 0.00 0.00 0.00 0.00
888868916 0.00 9,701.43 0.00 0.00 125.55 0.00 0.00 0.00 0.00
888868917 0.00 9,299.97 0.00 0.00 124.00 0.00 0.00 0.00 0.00
888868919 0.00 7,034.85 0.00 0.00 93.46 0.00 0.00 0.00 0.00
888868920 0.00 9,485.35 0.00 0.00 126.01 0.00 0.00 0.00 0.00
888868921 0.00 25,024.56 0.00 0.00 328.68 0.00 0.00 0.00 0.00
888868922 0.00 21,430.50 0.00 0.00 290.14 0.00 0.00 0.00 0.00
888868923 0.00 43,027.27 0.00 0.00 580.74 0.00 0.00 0.00 0.00
888868925 0.00 12,547.20 0.00 0.00 173.61 0.00 0.00 0.00 0.00
888868927 0.00 9,905.69 0.00 0.00 137.06 0.00 0.00 0.00 0.00
888868928 0.00 25,311.61 0.00 0.00 342.68 0.00 0.00 0.00 0.00
888868929 0.00 73,506.15 0.00 0.00 1,771.78 0.00 0.00 0.00 0.00
888868930 0.00 30,805.30 0.00 0.00 742.53 0.00 0.00 0.00 0.00
888868931 0.00 29,517.87 0.00 0.00 1,507.44 0.00 0.00 0.00 0.00
888868934 0.00 52,006.50 0.00 0.00 704.09 0.00 0.00 0.00 0.00
888868936 0.00 11,875.03 0.00 0.00 157.19 0.00 0.00 0.00 0.00
888868938 0.00 17,477.79 0.00 0.00 233.04 0.00 0.00 0.00 0.00
888868939 0.00 15,954.80 0.00 0.00 192.33 0.00 0.00 0.00 0.00
888868940 0.00 34,709.13 0.00 0.00 475.47 0.00 0.00 0.00 0.00
888868941 0.00 51,912.60 0.00 0.00 713.80 0.00 0.00 0.00 0.00
888868942 0.00 19,753.33 0.00 0.00 263.38 0.00 0.00 0.00 0.00
888868943 0.00 17,295.20 0.00 0.00 230.60 63.76 0.00 0.00 0.00
888868944 0.00 64,797.72 0.00 0.00 877.26 0.00 0.00 0.00 0.00
* Service Fee Rate does not include .0075 Trustee Fee.
* Principal Curtailments Received reflect closing over-undercollateralization adjustments.
Page 1 of 3 (continued)
</TABLE>
<PAGE>
<TABLE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<CAPTION>
Master Net Paid Ending Scheduled Principal
Loan Monthly Mortgage Service Fee Mortgage to Stated Principal Curtailments
Number Payment Rate Rate Rate Date Principal Received Received
- ---------- ---------- -------- -------- -------- ------- ------------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
888868945 65,771.49 8.75000 0.11000 8.64000 5011996 7,977,522.41 7,547.03 0.01
888868946 9,939.27 8.25000 0.11000 8.14000 5011996 1,291,870.14 1,050.44 0.00
888868947 9,962.30 8.25000 0.11000 8.14000 5011996 1,294,862.87 1,052.88 0.03
888868949 38,239.83 8.25000 0.11000 8.14000 5011996 4,830,212.78 4,997.76 0.01
888868951 23,904.63 8.37500 0.11000 8.26500 5011996 2,991,036.34 3,008.69 0.01
888868952 20,722.80 8.25000 0.11000 8.14000 5011996 2,693,474.43 2,190.11 402.89
888868953 25,514.47 8.00000 0.11000 7.89000 5011996 3,391,399.51 2,885.90 0.00
888868954 32,326.46 8.25000 0.11000 8.14000 5011996 4,083,272.64 4,224.91 0.01
888868958 18,562.43 8.12500 0.11000 8.01500 5011996 2,495,060.66 1,657.57 0.01
888868959 25,943.57 8.50000 0.11000 8.39000 5011996 3,300,929.97 2,543.96 0.01
888868961 29,672.05 9.12500 0.11000 9.01500 5011996 3,493,861.81 3,080.72 (0.00)
888868962 11,080.67 8.12500 0.11000 8.01500 5011996 1,457,593.25 1,203.40 (0.01)
888868963 8,893.31 8.12500 0.11000 8.01500 5011996 1,137,642.93 1,182.51 0.00
888868964 38,177.70 7.87500 0.11000 7.76500 5011996 4,988,831.50 5,403.04 0.02
888868965 33,897.02 7.92000 0.14500 7.77500 5011996 4,538,322.21 3,918.23 0.00
888868966 31,397.76 8.12500 0.11000 8.01500 5011996 4,130,180.34 3,409.91 0.01
888868967 7,786.83 8.12500 0.11000 8.01500 5011996 1,024,308.68 845.68 0.00
888868968 43,650.01 7.91000 0.19500 7.71500 5011996 5,987,618.71 4,154.24 0.00
888868969 40,498.10 9.12500 0.11000 9.01500 5011996 4,768,622.27 4,204.73 0.00
888868970 7,825.35 8.37500 0.11000 8.26500 5011996 905,546.13 1,494.96 0.01
888868971 30,454.50 8.37500 0.11000 8.26500 5011996 3,814,413.36 3,806.51 0.00
888868972 78,879.69 8.00000 0.12500 7.87500 5011996 10,728,216.35 7,309.52 0.00
888868973 7,741.29 8.12500 0.11000 8.01500 5011996 1,018,324.27 840.69 0.00
888868974 9,820.81 8.12500 0.11000 8.01500 5011996 1,291,874.12 1,066.52 0.00
888868976 14,091.47 8.50000 0.11000 8.39000 5011996 1,746,596.71 1,707.65 (0.01)
950101001 27,989.66 7.83000 0.12500 7.70500 5011996 3,663,932.94 4,056.03 0.03
950102002 73,144.55 7.76000 0.12500 7.63500 5011996 10,170,981.82 7,324.83 (0.00)
950103001 36,653.38 7.99000 0.12500 7.86500 5011996 4,989,847.55 3,406.63 0.01
950103002 19,678.56 8.47000 0.12500 8.34500 5011996 2,445,211.87 2,402.48 0.02
950204005 32,234.16 8.70000 0.12500 8.57500 5011996 3,929,591.42 3,717.67 0.01
950204006 74,915.86 8.22000 0.12500 8.09500 5011996 9,987,124.33 6,459.81 0.00
950205002 41,111.90 7.64000 0.12500 7.51500 5011996 5,787,364.19 4,238.69 0.01
950304001 186,806.67 8.05000 0.12500 7.92500 5011996 24,049,559.70 25,304.46 0.00
950304003 11,132.21 8.12000 0.12500 7.99500 5011996 1,496,031.09 1,002.28 (0.00)
950304004 130,467.64 8.02000 0.12500 7.89500 5011996 16,803,542.05 18,043.38 0.01
950305003 61,937.89 8.44000 0.12500 8.31500 5011996 8,074,808.66 5,109.13 0.00
950307001 18,024.77 7.90000 0.12500 7.77500 5011996 2,476,592.62 1,709.28 0.00
950307002 22,230.21 7.76000 0.12500 7.63500 5011996 3,095,618.80 2,197.66 0.01
950307003 12,920.31 7.77000 0.12500 7.64500 5011996 1,797,461.19 1,273.50 (0.01)
950307004 23,096.68 7.51000 0.12500 7.38500 5011996 3,292,621.47 2,474.87 0.03
950307005 24,311.04 7.73000 0.12500 7.60500 5011996 3,390,268.97 2,456.23 0.00
950307006 40,624.01 7.43000 0.12500 7.30500 5011996 5,836,709.76 4,457.45 0.00
950307007 18,173.72 7.38000 0.12500 7.25500 5011996 2,623,965.37 2,023.89 0.00
950307008 54,137.42 8.20000 0.12500 8.07500 5011996 7,230,639.95 4,695.96 0.00
950307009 68,864.71 7.53000 0.12500 7.40500 5011996 9,798,130.71 7,335.41 0.01
950307010 34,543.35 7.48000 0.12500 7.35500 5011996 4,938,865.82 3,734.47 0.01
950307011 14,697.61 8.94000 0.12500 8.81500 5011996 1,753,586.31 1,621.31 (2,013.94)
950307012 19,794.15 8.54000 0.12500 8.41500 5011996 2,440,465.54 2,409.03 0.01
950307013 8,967.96 8.54000 0.12500 8.41500 5011996 1,105,680.30 1,091.43 0.00
950307014 55,004.53 8.21000 0.12500 8.08500 5011996 6,985,725.61 7,161.53 0.02
950506001 38,326.21 7.92000 0.12500 7.79500 5011996 4,978,483.30 5,432.37 0.02
950903001 16,761.35 8.16000 0.12500 8.03500 5011996 2,248,538.65 1,461.35 0.01
951201003 6,293.97 9.00000 0.12500 8.87500 5011996 747,977.99 679.04 0.00
951302001 20,384.35 8.46000 0.12500 8.33500 5011996 2,535,027.83 2,494.82 0.02
952007001 54,604.97 7.78000 0.12500 7.65500 5011996 7,589,302.15 5,366.20 0.00
952007002 33,952.76 7.64000 0.12500 7.51500 5011996 4,783,065.14 3,478.43 0.02
952007003 35,795.71 7.64000 0.12500 7.51500 5011996 5,042,688.70 3,667.24 0.01
952007004 13,261.29 7.59000 0.12500 7.46500 5011996 1,875,863.07 1,387.68 0.00
Page 2 of 3
</TABLE>
<PAGE>
<TABLE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<CAPTION>
Principal Actual(Gross) Service Prepayment Interest Total
Loan Prepayments Interest Principal Interest Fees Interest on Unreimbursed Prepayment
Number Received Received Advanced Advanced Paid Exc/Shortfall Advances Advances Premiums
- ---------- ---------- ------------ --------- --------- -------- ------------- -------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
888868945 0.00 58,224.46 0.00 0.00 731.96 0.00 0.00 0.00 0.00
888868946 0.00 8,888.83 0.00 0.00 118.52 0.00 0.00 0.00 0.00
888868947 0.00 8,909.42 0.00 0.00 118.79 0.00 0.00 0.00 0.00
888868949 0.00 33,242.07 0.00 0.00 443.23 0.00 0.00 0.00 0.00
888868951 0.00 20,895.94 0.00 0.00 274.45 0.00 0.00 0.00 0.00
888868952 0.00 18,532.69 0.00 0.00 247.10 0.00 0.00 0.00 0.00
888868953 0.00 22,628.57 0.00 0.00 311.14 0.00 0.00 0.00 0.00
888868954 0.00 28,101.55 0.00 0.00 374.69 0.00 0.00 0.00 0.00
888868958 0.00 16,904.86 0.00 0.00 228.87 0.00 0.00 0.00 0.00
888868959 0.00 23,399.61 0.00 0.00 302.82 0.00 0.00 0.00 0.00
888868961 0.00 26,591.33 0.00 0.00 320.55 0.00 0.00 0.00 0.00
888868962 0.00 9,877.27 0.00 0.00 133.72 0.05 0.00 0.00 0.00
888868963 0.00 7,710.80 0.00 0.00 104.39 0.00 0.00 0.00 0.00
888868964 0.00 32,774.66 0.00 0.00 457.80 2.63 0.00 0.00 0.00
888868965 0.00 29,978.79 0.00 0.00 548.85 0.00 0.00 0.00 0.00
888868966 0.00 27,987.85 0.00 0.00 378.91 0.16 0.00 0.00 0.00
888868967 0.00 6,941.15 0.00 0.00 93.97 0.04 0.00 0.00 0.00
888868968 0.00 39,495.77 0.00 0.00 973.66 0.00 0.00 0.00 0.00
888868969 0.00 36,293.37 0.00 0.00 437.51 0.00 0.00 0.00 0.00
888868970 0.00 6,330.39 0.00 0.00 83.15 0.00 0.00 0.00 0.00
888868971 0.00 26,647.99 0.00 0.00 350.00 0.00 0.00 0.00 0.00
888868972 0.00 71,570.17 0.00 0.00 1,118.28 0.00 0.00 0.00 0.00
888868973 0.00 6,900.60 0.00 0.00 93.42 0.00 0.00 0.00 0.00
888868974 0.00 8,754.29 0.00 0.00 118.52 0.00 0.00 0.00 0.00
888868976 0.00 12,383.82 0.00 0.00 160.26 0.00 0.00 0.00 0.00
950101001 0.00 23,933.63 0.00 0.00 382.08 0.00 0.00 0.00 0.00
950102002 0.00 65,819.72 0.00 0.00 1,060.24 0.00 0.00 0.00 0.00
950103001 0.00 33,246.75 0.00 0.00 520.13 0.00 0.00 0.00 0.00
950103002 0.00 17,276.08 0.00 0.00 254.96 0.00 0.00 0.00 0.00
950204005 0.00 28,516.49 0.00 0.00 409.72 0.00 0.00 0.00 0.00
950204006 0.00 68,456.05 0.00 0.00 1,041.00 0.00 0.00 0.00 0.00
950205002 0.00 36,873.21 0.00 0.00 603.29 0.00 0.00 0.00 0.00
950304001 0.00 161,502.21 0.00 0.00 2,507.80 0.00 0.00 0.00 0.00
950304003 0.00 10,129.93 0.00 0.00 155.94 0.00 0.00 0.00 0.00
950304004 0.00 112,424.26 0.00 0.00 1,752.25 0.00 0.00 0.00 0.00
950305003 0.00 56,828.76 0.00 0.00 841.66 0.00 0.00 0.00 0.00
950307001 0.00 16,315.49 0.00 0.00 258.16 0.00 0.00 0.00 0.00
950307002 0.00 20,032.55 0.00 0.00 322.69 0.00 0.00 0.00 0.00
950307003 0.00 11,646.81 0.00 0.00 187.37 0.00 0.00 0.00 0.00
950307004 0.00 20,621.81 0.00 0.00 343.24 0.00 0.00 0.00 0.00
950307005 0.00 21,854.81 0.00 0.00 353.41 (0.01) 0.00 0.00 0.00
950307006 0.00 36,166.56 0.00 0.00 608.45 0.00 0.00 0.00 0.00
950307007 0.00 16,149.83 0.00 0.00 273.54 0.00 0.00 0.00 0.00
950307008 0.00 49,441.46 0.00 0.00 753.68 0.00 0.00 0.00 0.00
950307009 0.00 61,529.30 0.00 0.00 1,021.40 0.00 0.00 0.00 0.00
950307010 0.00 30,808.88 0.00 0.00 514.85 0.00 0.00 0.00 0.00
950307011 0.00 13,076.30 0.00 0.00 182.83 0.00 0.00 0.00 0.00
950307012 0.00 17,385.12 0.00 0.00 254.47 0.00 0.00 0.00 0.00
950307013 0.00 7,876.53 0.00 0.00 115.29 0.00 0.00 0.00 0.00
950307014 0.00 47,843.00 0.00 0.00 728.43 0.00 0.00 0.00 0.00
950506001 0.00 32,893.84 0.00 0.00 519.16 0.00 0.00 0.00 0.00
950903001 0.00 15,300.00 0.00 0.00 234.38 0.00 0.00 0.00 0.00
951201003 0.00 5,614.93 0.00 0.00 77.99 0.00 0.00 0.00 0.00
951302001 0.00 17,889.53 0.00 0.00 264.33 0.00 0.00 0.00 0.00
952007001 0.00 49,238.77 0.00 0.00 791.11 0.00 0.00 0.00 0.00
952007002 0.00 30,474.33 0.00 0.00 498.60 0.00 0.00 0.00 0.00
952007003 0.00 32,128.47 0.00 0.00 525.66 0.00 0.00 0.00 0.00
952007004 0.00 11,873.61 0.00 0.00 195.55 0.00 0.00 0.00 0.00
* Service Fee Rate does not include .0075 Trustee Fee.
* Principal Curtailments Received reflect closing over-undercollateralization adjustments.
Page 2 of 3 (continued)
</TABLE>
<PAGE>
<TABLE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<CAPTION>
Master Net Paid Ending Scheduled Principal
Loan Monthly Mortgage Service Fee Mortgage to Stated Principal Curtailments
Number Payment Rate Rate Rate Date Principal Received Received
- ---------- ---------- -------- -------- -------- ------- ------------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
952007005 30,061.50 8.36000 0.12500 8.23500 5011996 3,958,130.67 2,469.32 0.00
958007001 9,896.57 8.56000 0.12500 8.43500 5011996 1,276,903.44 782.41 0.00
958007002 14,500.35 8.21000 0.12500 8.08500 5011996 1,899,071.60 1,497.29 (0.01)
958010001 30,655.67 9.01000 0.12500 8.88500 5011996 3,636,851.82 3,324.02 (0.01)
958032002 14,810.82 8.76000 0.12500 8.63500 5011996 1,793,243.17 1,707.68 0.02
958406001 58,200.02 7.91000 0.12500 7.78500 5011996 7,983,491.59 5,538.99 0.00
958412001 56,144.82 8.54000 0.12500 8.41500 5011996 7,214,084.55 4,770.63 (0.00)
958447002 16,020.30 7.92000 0.12500 7.79500 5011996 2,195,469.32 1,520.17 0.01
958504001 17,357.65 9.44000 0.12500 9.31500 5011996 1,864,685.21 2,667.81 (0.00)
958505002 36,996.46 8.75000 0.12500 8.62500 5011996 4,483,080.21 4,276.15 0.01
958505006 16,781.15 8.22000 0.12500 8.09500 5011996 2,237,115.86 1,446.99 0.00
958509002 13,552.82 8.17000 0.12500 8.04500 5011996 1,589,252.90 2,714.18 (0.01)
958509003 15,497.18 8.02000 0.12500 7.89500 5011996 1,837,341.74 3,196.25 0.00
958528001 44,381.74 8.58000 0.12500 8.45500 5011996 5,453,832.36 5,348.60 0.00
958528002 34,884.38 8.52000 0.12500 8.39500 5011996 4,320,823.12 4,176.88 0.02
958528003 46,636.56 9.12000 0.12500 8.99500 4011996 5,498,488.52 0.00 0.03
958530003 42,440.20 9.14000 0.12500 9.01500 5011996 4,995,643.13 4,356.87 52,142.20
958531002 17,336.07 7.98000 0.12500 7.85500 5011996 2,240,410.58 2,421.24 9,336.72
958535001 32,309.93 9.49000 0.12500 9.36500 5011996 2,871,015.53 9,529.62 0.01
958536001 13,923.25 9.44000 0.12500 9.31500 5011996 1,495,736.80 2,139.95 0.02
958538004 42,997.86 8.15000 0.12500 8.02500 5011996 5,477,194.19 5,759.47 0.00
958543005 18,675.46 7.98000 0.12500 7.85500 5011996 2,543,059.30 1,752.46 0.01
958543007 51,216.02 7.91000 0.12500 7.78500 5011996 7,030,346.91 4,842.40 0.01
958543008 15,714.01 7.91000 0.12500 7.78500 5011996 2,157,038.25 1,485.74 0.00
958543009 20,884.87 9.44000 0.12500 9.31500 5011996 2,243,605.21 3,209.92 0.00
958543010 64,304.54 8.35000 0.12500 8.22500 5011996 8,474,702.13 5,297.87 (0.01)
958543011 26,220.55 8.22000 0.12500 8.09500 5011996 3,495,493.52 2,260.93 0.01
958910004 8,621.35 8.41000 0.12500 8.28500 5011996 996,762.66 1,624.32 0.00
958910005 16,234.94 8.06000 0.12500 7.93500 5011996 2,195,595.72 1,477.93 0.01
958910006 14,955.26 7.91000 0.12500 7.78500 5011996 1,790,667.98 3,131.13 (0.01)
958910007 14,513.79 7.88000 0.12500 7.75500 5011996 1,893,848.40 2,063.97 0.01
958910008 33,225.93 8.20000 0.12500 8.07500 5011996 4,223,356.04 4,336.70 (0.00)
958910009 45,924.06 8.30000 0.12500 8.17500 5011996 5,788,345.05 5,847.56 0.00
960307016 108,604.28 7.86000 0.12500 7.73500 5011996 14,989,645.72 10,354.28 (0.01)
960307017 12,625.90 8.26000 0.12500 8.13500 5011996 1,596,763.76 1,623.67 0.00
960307017 53,665.31 8.24000 0.12500 8.11500 5011996 7,145,431.35 4,568.64 0.00
968503001 16,589.77 8.29000 0.12500 8.16500 5011996 2,198,608.56 1,391.44 0.00
968510001 15,608.96 8.13000 0.12500 8.00500 5011996 1,995,868.13 2,072.91 (0.01)
968510002 45,398.56 9.56000 0.12500 9.43500 5011996 4,836,425.69 6,814.08 0.00
968517001 86,964.53 8.50000 0.12500 8.37500 5011996 10,789,535.47 10,464.53 0.01
968530001 68,558.90 8.52000 0.12500 8.39500 5011996 8,491,791.10 8,208.90 0.00
- ---------------------------------- ----------------------------------------------------
159 4,999,601.43 646,596,605.31 563,400.56 55,028.61
Page 3 of 3
</TABLE>
<PAGE>
<TABLE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<CAPTION>
Principal Actual(Gross) Service Prepayment Interest Total
Loan Prepayments Interest Principal Interest Fees Interest on Unreimbursed Prepayment
Number Received Received Advanced Advanced Paid Exc/Shortfall Advances Advances Premiums
- ---------- ---------- ------------ --------- --------- -------- ------------- -------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
952007005 0.00 27,592.18 0.00 0.00 412.56 (4.18) 0.00 0.00 0.00
958007001 0.00 9,114.16 0.00 0.00 133.09 0.00 0.00 0.00 0.00
958007002 0.00 13,003.06 0.00 0.00 197.98 0.00 0.00 0.00 0.00
958010001 0.00 27,331.65 0.00 0.00 379.18 0.00 0.00 0.00 0.00
958032002 0.00 13,103.14 0.00 0.00 186.97 0.00 0.00 0.00 0.00
958406001 0.00 52,661.03 0.00 0.00 832.19 0.00 0.00 0.00 0.00
958412001 0.00 51,374.19 0.00 0.00 751.96 368.45 0.00 0.00 0.00
958447002 0.00 14,500.13 0.00 0.00 228.85 0.00 0.00 0.00 0.00
958504001 0.00 14,689.84 0.00 0.00 194.52 0.00 0.00 0.00 0.00
958505002 0.00 32,720.31 0.00 0.00 467.43 0.00 0.00 0.00 0.00
958505006 0.00 15,334.16 0.00 0.00 233.18 0.00 0.00 0.00 0.00
958509002 0.00 10,838.64 0.00 0.00 165.83 0.00 0.00 0.00 0.00
958509003 0.00 12,300.93 0.00 0.00 191.72 0.00 0.00 0.00 0.00
958528001 0.00 39,033.14 0.00 0.00 568.66 0.00 0.00 0.00 0.00
958528002 0.00 30,707.50 0.00 0.00 450.52 0.00 0.00 0.00 0.00
958528003 0.00 0.00 4,811.48 41,251.82 0.00 0.00 0.00 46,063.30 0.00
958530003 0.00 38,083.33 0.00 0.00 520.83 0.00 0.00 0.00 0.00
958531002 0.00 14,914.83 0.00 0.00 233.63 0.00 0.00 0.00 0.00
958535001 0.00 22,780.31 0.00 0.00 300.06 0.00 0.00 0.00 0.00
958536001 0.00 11,783.30 0.00 0.00 156.03 0.00 0.00 0.00 0.00
958538004 0.00 37,238.39 0.00 0.00 571.14 0.00 0.00 0.00 0.00
958543005 0.00 16,923.00 0.00 0.00 265.08 0.00 0.00 0.00 0.00
958543007 0.00 46,373.62 0.00 0.00 732.83 0.00 0.00 0.00 0.00
958543008 0.00 14,228.27 0.00 0.00 224.85 0.00 0.00 0.00 0.00
958543009 0.00 17,674.95 0.00 0.00 234.04 0.00 0.00 0.00 0.00
958543010 0.00 59,006.67 0.00 0.00 883.33 0.00 0.00 0.00 0.00
958543011 0.00 23,959.62 0.00 0.00 364.35 0.00 0.00 0.00 0.00
958910004 0.00 6,997.03 0.00 0.00 104.00 0.00 0.00 0.00 0.00
958910005 0.00 14,757.01 0.00 0.00 228.86 0.00 0.00 0.00 0.00
958910006 0.00 11,824.13 0.00 0.00 186.85 0.00 0.00 0.00 0.00
958910007 0.00 12,449.82 0.00 0.00 197.49 0.00 0.00 0.00 0.00
958910008 0.00 28,889.23 0.00 0.00 440.38 0.00 0.00 0.00 0.00
958910009 0.00 40,076.50 0.00 0.00 603.56 0.00 0.00 0.00 0.00
960307016 0.00 98,250.00 0.00 0.00 1,562.50 0.00 0.00 0.00 0.00
960307017 0.00 11,002.23 0.00 0.00 166.50 0.00 0.00 0.00 0.00
960307017 0.00 49,096.67 0.00 0.00 744.79 0.00 0.00 0.00 0.00
968503001 0.00 15,198.33 0.00 0.00 229.17 0.00 0.00 0.00 0.00
968510001 0.00 13,536.05 0.00 0.00 208.12 0.00 0.00 0.00 0.00
968510002 0.00 38,584.48 0.00 0.00 504.50 0.00 0.00 0.00 0.00
968517001 0.00 76,500.00 0.00 0.00 1,125.00 0.00 0.00 0.00 0.00
968530001 0.00 60,350.00 0.00 0.00 885.42 0.00 0.00 0.00 0.00
---------------------------------------------------------------------------------------------------------
0.00 4,389,564.33 4,811.48 41,251.82 66,769.30 386.90 0.00 46,063.30 0.00
* Service Fee Rate does not include .0075 Trustee Fee.
* Principal Curtailments Received reflect closing over-undercollateralization adjustments.
Page 3 of 3 (continued)
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
Retail Properties
Tenant Lease Cumulative %
Largest % of Expiration of Pool as
Loan Id. Property Name Largest Retail Tenant Name Tenant Sqft Property Date of Cutoff
- -------- ------------------------------- ---------------------------- ------------ -------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C>
1 Mountaingate Plaza Edwards Theatre 31,695 10.98% 05/31/11 3.72%
2 Renaissance Center West Price Rite 60,560 35.77% 12/31/06 6.32%
4 Tropicana Palms N/A N/A NA N/A 8.64%
6 Holiday Manor Shopping Center Kroger 55,955 37.27% 02/01/16 10.31%
7 Mission Park Apartments N/A N/A NA N/A 11.88%
8 Canyon Country Plaza Food 4 Less 54,930 34.66% 11/01/20 13.42%
9 Verde Mont Villas N/A N/A NA N/A 14.94%
10 Brigantine Town Center Fleming Food 30,000 23.70% 07/31/10 16.25%
11 Pace's Crossing Apartments N/A N/A NA N/A 17.56%
12 The Corner at Seven Corners The Gap 18,000 25.39% 01/31/05 18.81%
13 New Colony Apartments N/A N/A NA N/A 20.05%
14 Southglen Center Bed, Bath & Beyond 50,028 62.51% 08/14/10 21.22%
16 ANA ParkTowne Apartments N/A N/A NA N/A 22.34%
15 Northgate Shopping Center Troutman Investments 32,672 15.08% 02/28/99 23.45%
17 Sunvilla Estates N/A N/A NA N/A 24.56%
18 Pecan Square Apartments N/A N/A NA N/A 25.65%
19 Santee Town Center Hometown Buffet 10,800 15.47% 06/08/14 26.73%
20 Briarhill Apartments N/A N/A NA N/A 27.63%
22 Emorywoods Apartments N/A N/A NA N/A 28.52%
21 Canyon View Apartments N/A N/A NA N/A 29.42%
26 Rainbow Professional Center KDGO Holdings 7,640 13.76% 08/31/96 30.27%
23 Cedar Crest Square Shopping Ce Foodland (1) 45,500 36.11% 11/30/04 31.12%
25 Ocotillo Plaza Petsmart 24,034 33.31% 11/30/06 31.96%
27 Coral Gables Apartments N/A N/A NA N/A 32.74%
30 Heritage Place Shopping Center Reebok 15,525 31.61% 04/30/00 33.51%
29 Trailer Rancho Mobile Home Par N/A N/A NA N/A 34.28%
28 Sorrento Pines Qualcomm 45,133 39.42% 1/31/1998 35.05%
32 El Encanto Villas N/A N/A NA N/A 35.82%
35 Comfort Inn - Buckhead N/A N/A NA N/A 36.57%
33 Coral Island Apartments N/A N/A NA N/A 37.31%
37 Post Falls Factory Outlet Cent Dress Barn 5,155 8.41% 12/31/00 38.00%
38 Charleston Square (Phase I) Von's Grocery 36,800 54.99% 06/01/09 38.67%
39 Chateau Montagne Apartments N/A N/A NA N/A 39.32%
40 Suntree Apartments N/A N/A NA N/A 39.93%
41 City Centre Office Building City of Long Beach 10,226 16.75% 09/30/98 40.54%
42 Peppertree Business Park Aetrium Inc. 41,610 45.42% 7/14/1999 41.11%
43 Medical Arts Shopping Center Revco 12,000 19.73% 04/30/06 41.67%
45 Warwick Apartments N/A N/A NA N/A 42.21%
46 ANA Vermont Breeze Apts N/A N/A NA N/A 42.73%
47 ANA Towngate N/A N/A NA N/A 43.24%
48 ANA Country Hills Apts. N/A N/A NA N/A 43.72%
49 Bally's Scandinavian Health Sp Scandinavian Health Spa 37,214 100.00% 12/31/08 44.17%
52 Villa Del Sol N/A N/A NA N/A 44.57%
53 The Fountains of San Antonio N/A N/A NA N/A 44.97%
55 Island Breeze Apartments N/A N/A NA N/A 45.35%
Page 1 of 4
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
As of Cut-Off Date
Times Times Times
Date of Delinquent Delinquent Delinquent Specially Workout/ In In
Loan Id. Modification Status(2) 30 Days 60 Days 90 Days Serviced Modification Foreclosure Bankruptcy REO
- -------- ------------ ---------- ---------- ---------- ---------- --------- ------------ ----------- ---------- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 N/A Current 0 0 0 No No No No No
2 N/A Current 0 0 0 No No No No No
4 N/A Current 0 0 0 No No No No No
6 N/A Current 0 0 0 No No No No No
7 N/A Current 0 0 0 No No No No No
8 N/A Current 0 0 0 No No No No No
9 N/A Current 0 0 0 No No No No No
10 N/A Current 0 0 0 No No No No No
11 N/A Current 0 0 0 No No No No No
12 N/A Current 0 0 0 No No No No No
13 N/A Current 0 0 0 No No No No No
14 N/A Current 0 0 0 No No No No No
16 N/A Current 0 0 0 No No No No No
15 N/A Current 0 0 0 No No No No No
17 N/A Current 0 0 0 No No No No No
18 N/A Current 0 0 0 No No No No No
19 N/A Current 0 0 0 No No No No No
20 N/A Current 0 0 0 No No No No No
22 N/A Current 0 0 0 No No No No No
21 N/A Current 0 0 0 No No No No No
26 N/A Current 0 0 0 No No No No No
23 N/A Current 0 0 0 No No No No No
25 N/A Current 0 0 0 No No No No No
27 N/A Current 0 0 0 No No No No No
30 N/A Current 0 0 0 No No No No No
29 N/A Current 0 0 0 No No No No No
28 N/A Current 0 0 0 No No No No No
32 N/A Current 0 0 0 No No No No No
35 N/A Current 0 0 0 No No No No No
33 N/A Current 0 0 0 No No No No No
37 N/A Current 0 0 0 No No No No No
38 N/A Current 0 0 0 No No No No No
39 N/A Current 0 0 0 No No No No No
40 N/A Current 0 0 0 No No No No No
41 N/A Current 0 0 0 No No No No No
42 N/A Current 0 0 0 No No No No No
43 N/A Current 0 0 0 No No No No No
45 N/A Current 0 0 0 No No No No No
46 N/A Current 0 0 0 No No No No No
47 N/A Current 0 0 0 No No No No No
48 N/A Current 0 0 0 No No No No No
49 N/A Current 0 0 0 No No No No No
52 N/A Current 0 0 0 No No No No No
53 N/A Current 0 0 0 No No No No No
55 N/A Current 0 0 0 No No No No No
Page 1 of 4 (continued)
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
Retail Properties
Tenant Lease Cumulative %
Largest % of Expiration of Pool as
Loan Id. Property Name Largest Retail Tenant Name Tenant Sqft Property Date of Cutoff
- -------- ------------------------------- ---------------------------- ------------ -------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C>
56 Sepulveda/Victory Center GDP Corp/Kinko's 3,602 14.45% 3/31/1996 45.73%
59 Tuxedo Park Apartments N/A N/A NA N/A 46.07%
57 Fox Plaza Shopping Center Furr's So-Lo Food Store 47,677 69.56% 01/14/09 46.42%
58 Northwest Crossing Apartments N/A N/A NA N/A 46.77%
63 Canyon Park Apartments N/A N/A NA N/A 47.11%
61 Charlestowne South Apartments N/A N/A NA N/A 47.45%
60 Adams Square Apartments N/A N/A NA N/A 47.79%
62 Clubview Gardens Apartments N/A N/A NA N/A 48.12%
64 Comfort Inn - West -Amarillo N/A N/A NA N/A 0.00%
65 Woodhaven Apartments N/A N/A NA N/A 0.00%
67 Factory Square Margarita's (Kukai) 8,500 14.75% 12/31/00 0.00%
68 Elmwood Apartments N/A N/A NA N/A 0.00%
69 Greenwood Plaza G.L. Perry 19,760 33.12% 07/31/00 0.00%
71 Arborwood Apartments N/A N/A NA N/A 0.00%
72 Talla Villa Apartments N/A N/A NA N/A 0.00%
73 Comfort Inn - Airport - Little N/A N/A NA N/A 0.00%
74 Huntington Office Center Copy Tel 9,042 20.24% 11/30/1998 0.00%
75 Highland Club Apartments N/A N/A NA N/A 0.00%
76 Garden Breeze Apartments N/A N/A NA N/A 0.00%
78 Donna/Ventura VP Dis Corp 2,000 14.79% 3/31/1998 0.00%
79 Morris Creek Apartments N/A N/A NA N/A 0.00%
80 Fox Valley Apartments N/A N/A NA N/A 0.00%
81 North Hills Tropicana Apartmen N/A N/A NA N/A 0.00%
83 Comfort Inn - Oklahoma City N/A N/A NA N/A 0.00%
85 Deer Park Apartments N/A N/A NA N/A 0.00%
87 Fallbrook/Saticoy Amy Worell, D.V.M. 2,342 20.05% 11/30/02 0.00%
88 Summit Grove Apartments N/A N/A NA N/A 0.00%
90 Shoppers Landing Corbin Factory 4,148 31.33% 8/31/1996 0.00%
91 Vernitron Building Vernitron 61,690 100.00% 01/30/00 0.00%
101 Weavers Mill N/A N/A NA N/A 0.00%
102 Cedar Springs Apartments N/A N/A NA N/A 0.00%
103 Desert Springs Apartments N/A N/A NA N/A 0.00%
104 33 Gold Street N/A N/A NA N/A 0.00%
105 West Kentucky Outlet Center Bugle Boy 7,500 4.64% 08/31/97 0.00%
107 Rancho Vista Retirement and He N/A N/A NA N/A 0.00%
108 Candletree Apartments N/A N/A NA N/A 0.00%
109 123 West 44th Street N/A N/A NA N/A 0.00%
110 Wisconsin Rapids - Int'l Paper International Paper 54,000 100.00% 06/30/05 0.00%
Page 2 of 4
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
As of Cut-Off Date
Times Times Times
Date of Delinquent Delinquent Delinquent Specially Workout/ In In
Loan Id. Modification Status(2) 30 Days 60 Days 90 Days Serviced Modification Foreclosure Bankruptcy REO
- -------- ------------ ---------- ---------- ---------- ---------- --------- ------------ ----------- ---------- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
56 N/A Current 0 0 0 No No No No No
59 N/A Current 0 0 0 No No No No No
57 N/A Current 0 0 0 No No No No No
58 N/A Current 0 0 0 No No No No No
63 N/A Current 0 0 0 No No No No No
61 N/A Current 0 0 0 No No No No No
60 N/A Current 0 0 0 No No No No No
62 N/A Current 0 0 0 No No No No No
64 N/A Current 0 0 0 No No No No No
65 N/A Current 0 0 0 No No No No No
67 N/A Current 0 0 0 No No No No No
68 N/A Current 0 0 0 No No No No No
69 N/A Current 0 0 0 No No No No No
71 N/A Current 0 0 0 No No No No No
72 N/A Current 0 0 0 No No No No No
73 N/A Current 0 0 0 No No No No No
74 N/A Current 0 0 0 No No No No No
75 N/A Current 0 0 0 No No No No No
76 N/A Current 0 0 0 No No No No No
78 N/A Current 0 0 0 No No No No No
79 N/A Current 0 0 0 No No No No No
80 N/A Current 0 0 0 No No No No No
81 N/A Current 0 0 0 No No No No No
83 N/A Current 0 0 0 No No No No No
85 N/A Current 0 0 0 No No No No No
87 N/A Current 0 0 0 No No No No No
88 N/A Current 0 0 0 No No No No No
90 N/A Current 0 0 0 No No No No No
91 N/A Current 0 0 0 No No No No No
101 N/A Current 0 0 0 No No No No No
102 N/A Current 0 0 0 No No No No No
103 N/A Current 0 0 0 No No No No No
104 N/A Current 0 0 0 No No No No No
105 N/A Current 0 0 0 No No No No No
107 N/A Current 0 0 0 No No No No No
108 N/A Current 0 0 0 No No No No No
109 N/A Current 0 0 0 No No No No No
110 N/A Current 0 0 0 No No No No No
Page 2 of 4 (continued)
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
Retail Properties
Tenant Lease Cumulative %
Largest % of Expiration of Pool as
Loan Id. Property Name Largest Retail Tenant Name Tenant Sqft Property Date of Cutoff
- -------- ------------------------------- ---------------------------- ------------ -------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C>
111 Mark Twain N/A N/A NA N/A 0.00%
112 220 East 22nd Street N/A N/A NA N/A 0.00%
113 Hunter Mill Plaza Blockbuster Video 4,181 9.81% 10/31/00 0.00%
114 Sierra Apartments and Townhome N/A N/A NA N/A 0.00%
115 Greentree Apartments N/A N/A NA N/A 0.00%
116 Kings Point Plaza KP Famous Deli 4,995 6.63% 08/31/05 0.00%
117 Gardner Street Apartments N/A N/A NA N/A 0.00%
118 210 East 22nd Street N/A N/A NA N/A 0.00%
119 Shops of Dunwoody Joseph A. Banks 10,998 15.78% 01/31/03 0.00%
120 Yarn Mill N/A N/A NA N/A 0.00%
121 Fox Meadows N/A N/A NA N/A 0.00%
122 Windtree I & II Apartments N/A N/A NA N/A 0.00%
124 Duval Villa N/A N/A NA N/A 0.00%
125 Shoppes at Sawgrass Commons Just For Feet 17,000 35.41% 02/28/10 0.00%
126 Schofield Warehouse Warehousing of Wisconsin 281,250 100.00% 02/01/11 0.00%
127 Van Mark Apartments N/A N/A NA N/A 0.00%
128 Cedar Creek Apartments N/A N/A NA N/A 0.00%
129 Carroll Plaza Shopping Center Reliable Stores, Inc. 23,110 26.42% 05/01/98 0.00%
130 Quality Logistics Quality Logistics 242,500 100.00% 12/01/98 0.00%
131 Cedar Ridge N/A N/A NA N/A 0.00%
134 35 Main Street Barney's America, inc. 4,900 26.54% 01/31/03 0.00%
135 Hacienda Healthcare N/A N/A NA N/A 0.00%
136 Sutton Park Apartments N/A N/A NA N/A 0.00%
137 Zelda Place Shopping Center The Madarian Chinese Restaura 6,742 9.50% 04/30/00 0.00%
138 The Spanish Mission Apartments N/A N/A NA N/A 0.00%
140 Commerce Plaza Waterbedland 3,562 11.23% 02/29/96 0.00%
141 Blue River Apartments N/A N/A NA N/A 0.00%
142 Central High School N/A N/A NA N/A 0.00%
143 KMart Plaza KMart 82,911 63.12% 11/30/11 0.00%
144 Hamilton Plaza West Ski Market 10,000 16.64% 04/30/96 0.00%
145 Melody Place Apartments N/A N/A NA N/A 0.00%
147 Liberty West N/A N/A NA N/A 0.00%
148 Spencerwood Shopping Center Gerland's Food Fair 31,617 50.75% 08/01/07 0.00%
149 Brookshire Apartments N/A N/A NA N/A 0.00%
150 Terrace View VI N/A N/A NA N/A 0.00%
152 Kinsor Towers N/A N/A NA N/A 0.00%
153 1112 M Street N/A N/A NA N/A 0.00%
154 Lakeview Village Apartments N/A N/A NA N/A 0.00%
155 Mark Greenville Apartments N/A N/A NA N/A 0.00%
156 Palm Oasis Apartments N/A N/A NA N/A 0.00%
157 Discovery Zone Center Boston Billiards 12,540 37.72% 06/30/09 0.00%
158 Village @ Eland The Epicurean 3,800 11.30% 09/30/99 0.00%
160 Huntington Retirement Hotel N/A N/A NA N/A 0.00%
161 Waples Mobile Home Park N/A N/A NA N/A 0.00%
162 Royale Apartments N/A N/A NA N/A 0.00%
166 Roebuck Shopping Center Showbiz Pizza Time, Inc. 12,500 31.65% 12/31/97 0.00%
Page 3 of 4
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
As of Cut-Off Date
Times Times Times
Date of Delinquent Delinquent Delinquent Specially Workout/ In In
Loan Id. Modification Status(2) 30 Days 60 Days 90 Days Serviced Modification Foreclosure Bankruptcy REO
- -------- ------------ ---------- ---------- ---------- ---------- --------- ------------ ----------- ---------- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
111 N/A Current 0 0 0 No No No No No
112 N/A Current 0 0 0 No No No No No
113 N/A Current 0 0 0 No No No No No
114 N/A Current 0 0 0 No No No No No
115 N/A Current 0 0 0 No No No No No
116 N/A Current 0 0 0 No No No No No
117 N/A Current 0 0 0 No No No No No
118 N/A Current 0 0 0 No No No No No
119 N/A Current 0 0 0 No No No No No
120 N/A Current 0 0 0 No No No No No
121 N/A Current 0 0 0 No No No No No
122 N/A Current 0 0 0 No No No No No
124 N/A Current 0 0 0 No No No No No
125 N/A Current 0 0 0 No No No No No
126 N/A Current 0 0 0 No No No No No
127 N/A Current 0 0 0 No No No No No
128 N/A Current 0 0 0 No No No No No
129 N/A Current 0 0 0 No No No No No
130 N/A Current 0 0 0 No No No No No
131 N/A Current 0 0 0 No No No No No
134 N/A Current 0 0 0 No No No No No
135 N/A Current 0 0 0 No No No No No
136 N/A Current 0 0 0 No No No No No
137 N/A Current 0 0 0 No No No No No
138 N/A Current 0 0 0 No No No No No
140 N/A Current 0 0 0 No No No No No
141 N/A Current 0 0 0 No No No No No
142 N/A Current 0 0 0 No No No No No
143 N/A Current 0 0 0 No No No No No
144 N/A Current 0 0 0 No No No No No
145 N/A Current 0 0 0 No No No No No
147 N/A Current 0 0 0 No No No No No
148 N/A Current 0 0 0 No No No No No
149 N/A Current 0 0 0 No No No No No
150 N/A Current 0 0 0 No No No No No
152 N/A Current 0 0 0 No No No No No
153 N/A Current 0 0 0 No No No No No
154 N/A Current 0 0 0 No No No No No
155 N/A Current 0 0 0 No No No No No
156 N/A Current 0 0 0 No No No No No
157 N/A Current 0 0 0 No No No No No
158 N/A Current 0 0 0 No No No No No
160 N/A Current 0 0 0 No No No No No
161 N/A Current 0 0 0 No No No No No
162 N/A Current 0 0 0 No No No No No
166 N/A Current 0 0 0 No No No No No
Page 3 of 4 (continued)
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
Retail Properties
Tenant Lease Cumulative %
Largest % of Expiration of Pool as
Loan Id. Property Name Largest Retail Tenant Name Tenant Sqft Property Date of Cutoff
- -------- ------------------------------- ---------------------------- ------------ -------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C>
167 The Courtyard N/A N/A NA N/A 0.00%
168 Fiesta Del Norte Shopping Cent Pier One 52,593 100.00% 08/31/98 0.00%
170 Stephenson Mill N/A N/A NA N/A 0.00%
171 2881-2883 Third Avenue Furniture King 60,000 123.71% 06/30/09 0.00%
172 Angels for the Elderly N/A N/A NA N/A 0.00%
173 Bull Run Mobile Home Park N/A N/A NA N/A 0.00%
174 Graystone Apartments N/A N/A NA N/A 0.00%
176 Pinedale II Apartments N/A N/A NA N/A 0.00%
179 Park East Apartments N/A N/A NA N/A 0.00%
180 1102-1130 Washington Street Mings Supermarket, Inc. 18,668 65.48% 05/31/00 0.00%
181 111 East 167th Street N/A N/A NA N/A 0.00%
182 Kendale N/A N/A NA N/A 0.00%
184 Riverloft N/A N/A NA N/A 0.00%
185 Peachtree Avenue Apartments N/A N/A NA N/A 0.00%
186 Westgate Manor Apartments N/A N/A NA N/A 0.00%
187 Omni Apartments N/A N/A NA N/A 0.00%
188 St. Croix Apartments N/A N/A NA N/A 0.00%
191 Escondido Manor Apartments N/A N/A NA N/A 0.00%
192 Western Oaks Apartments N/A N/A NA N/A 0.00%
195 101-109 State Street Trafalgar Financial Services 4,150 19.81% 12/31/99 0.00%
199 Rivertree Park N/A N/A NA N/A 0.00%
207 Wisconsin Rapids - Public Ware Warehousing of Wisconsin 263,175 55.70% 02/01/11 0.00%
210 Castle Cove N/A N/A NA N/A 0.00%
211 Pinecrest West N/A N/A NA N/A 0.00%
212 Morningstar N/A N/A NA N/A 0.00%
213 Hollyview Apartments N/A N/A NA N/A 0.00%
214 Willowbend Apartments N/A N/A NA N/A 0.00%
215 690 Gerard Avenue N/A N/A NA N/A 0.00%
216 Northwood Apartments N/A N/A NA N/A 0.00%
217 Hampton House Apartments N/A N/A NA N/A 0.00%
159 Loans
Notes:
(1) Renewal under negotiation
(2) List of Status Comments:
- Current
- 30 - 59 days delinquent
- 60 - 89 days delinquent
- 90 + days delinquent
- Prepaid in Full on mm/dd/yy
Page 4 of 4
</TABLE>
<PAGE>
<TABLE>
Bankers Trust Company
Corporate Trust and Agency Group
Mortgage Services
Merrill Lynch Mortgage Investors, Inc.
Series 1996-C1
Updated Mortgage Loan Schedule
May 1996
<CAPTION>
As of Cut-Off Date
Times Times Times
Date of Delinquent Delinquent Delinquent Specially Workout/ In In
Loan Id. Modification Status(2) 30 Days 60 Days 90 Days Serviced Modification Foreclosure Bankruptcy REO
- -------- ------------ ---------- ---------- ---------- ---------- --------- ------------ ----------- ---------- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
167 N/A Current 0 0 0 No No No No No
168 N/A Current 0 0 0 No No No No No
170 N/A Current 0 0 0 No No No No No
171 N/A Current 0 0 0 No No No No No
172 N/A Current 0 0 0 No No No No No
173 N/A Current 0 0 0 No No No No No
174 N/A Current 0 0 0 No No No No No
176 N/A Current 0 0 0 No No No No No
179 N/A Current 0 0 0 No No No No No
180 N/A Current 0 0 0 No No No No No
181 N/A Current 0 0 0 No No No No No
182 N/A Current 0 0 0 No No No No No
184 N/A Current 0 0 0 No No No No No
185 N/A Current 0 0 0 No No No No No
186 N/A Current 0 0 0 No No No No No
187 N/A Current 0 0 0 No No No No No
188 N/A Current 0 0 0 No No No No No
191 N/A Current 0 0 0 No No No No No
192 N/A Current 0 0 0 No No No No No
195 N/A Current 0 0 0 No No No No No
199 N/A Current 0 0 0 No No No No No
207 N/A Current 0 0 0 No No No No No
210 N/A Current 0 0 0 No No No No No
211 N/A Current 0 0 0 No No No No No
212 N/A Current 0 0 0 No No No No No
213 N/A Current 0 0 0 No No No No No
214 N/A Current 0 0 0 No No No No No
215 N/A Current 0 0 0 No No No No No
216 N/A Current 0 0 0 No No No No No
217 N/A Current 0 0 0 No No No No No
Page 4 of 4 (continued)
</TABLE>
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