<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): September 25, 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 September 25, 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>
<S> <C> <C> <C>
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: August 30, 1996 Irvine, CA 92714
DISTRIBUTION DATE: September 25, 1996 FACTOR INFORMATION: (800) 735 -7777
Page 1 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
REMIC II
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
<TABLE>
<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 182,300,000.00 179,953,829.30 1,212,855.79 534,538.82 1,747,394.61 0.00 0.00 179,419,290.48
T 27,813,000.00 27,813,000.00 187,454.52 0.00 187,454.52 0.00 0.00 27,813,000.00
U 226,505,616.00 226,505,616.00 1,526,606.29 0.00 1,526,606.29 0.00 0.00 226,505,616.00
V 38,833,000.00 38,833,000.00 261,727.29 0.00 261,727.29 0.00 0.00 38,833,000.00
W 38,833,000.00 38,833,000.00 261,727.29 0.00 261,727.29 0.00 0.00 38,833,000.00
X 32,361,000.00 32,361,000.00 218,107.20 0.00 218,107.20 0.00 0.00 32,361,000.00
Y 100,319,459.00 100,319,459.00 676,134.74 0.00 676,134.74 0.00 0.00 100,319,459.00
Z 254,384.00 253,602.57 0.00 198.40 198.40 0.00 0.00 253,404.17
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-------------- -------------- ------------ ---------- ------------ ------- -------- --------------
TOTALS 647,219,459.00 644,872,506.87 4,344,613.12 534,737.22 4,879,350.34 0.00 0.00 644,337,769.65
-------------- -------------- ------------ ---------- ------------ ------- -------- --------------
<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>
S 987.130166 6.653076 2.932193 9.585269 984.197973 8.087780% 8.087766%
T 1,000.000000 6.739816 0.000000 6.739816 1,000.000000 8.087780% 8.087766%
U 1,000.000000 6.739816 0.000000 6.739816 1,000.000000 8.087780% 8.087766%
V 1,000.000000 6.739816 0.000000 6.739816 1,000.000000 8.087780% 8.087766%
W 1,000.000000 6.739816 0.000000 6.739816 1,000.000000 8.087780% 8.087766%
X 1,000.000000 6.739816 0.000000 6.739816 1,000.000000 8.087780% 8.087766%
Y 1,000.000000 6.739816 0.000000 6.739816 1,000.000000 8.087780% 8.087766%
Z 996.928148 0.000000 0.779230 0.779230 996.148225 NA NA
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
<CAPTION>
<S> <C> <C> <C>
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: August 30, 1996 Irvine, CA 92714
DISTRIBUTION DATE: September 25, 1996 FACTOR INFORMATION: (800) 735 -7777
Page 2 of 8 COPYRIGHT 1996 Bankers Trust Company
</TABLE>
<PAGE>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
REMIC III
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
<TABLE>
<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-1 182,300,000.00 179,953,829.30 1,072,224.90 534,538.82 1,606,763.72 0.00 0.00 179,419,290.48
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 254,384.00 253,602.57 0.00 198.40 198.40 0.00 0.00 253,404.17
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 0.00 403,381.13 0.00 403,381.13 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 19,417,459.00 120,064.62 0.00 120,064.62 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
-------------- -------------- ------------ ---------- ------------ ---- ---- --------------
TOTAL 647,219,459.00 644,872,506.87 4,344,613.12 534,737.22 4,879,350.34 0.00 0.00 644,337,769.65
-------------- -------------- ------------ ---------- ------------ ---- ---- --------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -----------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ --------- ------------ -------- --------- ------- ------------ -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 589929LJ5 987.130166 5.881651 2.932193 8.813844 984.197973 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 966.928148 0.000000 0.779923 0.779923 966.148225 N/A N/A
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 0.470507 0.000000 0.470507 0.000000 NA NA
E 589909LS5 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 6.183333 1,000.000000 7.420000% 7.420000%
R-III 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
<CAPTION>
<S> <C> <C> <C>
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: August 30, 1996 Irvine, CA 92714
DISTRIBUTION DATE: September 25, 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: September 25, 1996
<S> <C>
NONRECOVERABLE ADVANCE 0.00
SERVICING ADVANCE 0.00
MASTER SERVICER P&I ADVANCES MADE: 824,090.25
MASTER SERVICER UNREIMBURSED P&I ADVANCES OUTSTANDING: 0.00
INTEREST ACCRUED AND PAYABLE TO MASTER SERVICER IN RESPECT OF UNREIMBURSED ADVANCES: 0.00
<S> <C> <C>
ACCURED SERVICING FEES FOR THE CURRENT PERIOD: 66,971.37
PLUS ADDITIONAL SERVICING FEES: 0.00
LESS PERMITTED REDUCTIONS TO SERVICING FEES: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 66,971.37
ACTUAL COLLECTED SERVICING FEES FOR CURRENT PERIOD: 56,731.30
<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>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: September 25, 1996
<TABLE>
<S> <C>
STATED PRINCIPAL BALANCES OF THE MORTGAGE POOL PRIOR TO CURRENT DISTRIBUTION DATE: 644,872,506.94
STATED PRINCIPAL BALANCES OF THE MORTGAGE POOL SUBSEQUENT TO CURRENT DISTRIBUTION DATE: 644,337,769.72
CLASS IO- COMPNENT 1 PASS-THROUGH RATE 0.667780%
CLASS IO- COMPNENT 1 NOTIONAL AMOUNT PRIOR TO CURRENT DISTRIBUTION DATE: 644,618,904.30
CLASS IO- COMPNENT 1 NOTIONAL AMOUNT SUBSEQUENT TO CURRENT DISTRIBUTION DATE: 644,084,365.48
CLASS IO- COMPNENT 2 PASS-THROUGH RATE 0.270000%
CLASS IO- COMPNENT 2 NOTIONAL AMOUNT PRIOR TO CURRENT DISTRIBUTION DATE: 179,953,829.30
CLASS IO- COMPNENT 2 NOTIONAL AMOUNT SUBSEQUENT TO CURRENT DISTRIBUTION DATE: 179,419,290.48
CLASS IO- COMPNENT 3 PASS-THROUGH RATE 0.180000%
CLASS IO- COMPNENT 3 NOTIONAL AMOUNT PRIOR TO CURRENT DISTRIBUTION DATE: 27,813,000.00
CLASS IO- COMPNENT 3 NOTIONAL AMOUNT SUBSEQUENT TO CURRENT DISTRIBUTION DATE: 27,813,000.00
AVAILABLE DISTRIBUTION AMOUNT: 4,879,350.34
ENDING LOAN COUNT 159
WEIGHTED AVGERAGE REMAINING TERM TO MATURITY 115.00
WEIGHTED AVGERAGE MORTGAGE RATE OF THE MORTGAGE LOANS 8.092099%
<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>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: September 25, 1996
<TABLE>
<S> <C> <C>
PRINCIPAL DISTRIBUTION AMOUNT: 534,737.22
SCHEDULED PAYMENTS (OTHER THAN BALLOON PAYMENTS): 583,986.55
ASSUMED SCHEDULED PAYMENTS: 0.00
PRINCIPAL PREPAYMENTS: (49,249.33)
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:
LOAN NUMBER PRINCIPAL PREPAYMENT
----------- --------------------
<S> <C> <C>
REALIZED LOSSES AND ADDITIONAL TRUST FUNDS EXPENSES:
- ----------------------------------------------------
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>
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>
MERRILL LYNCH MORTGAGE INVESTORS, INC
Mortgage Pass-Through Certificates
Series 1996-C-1
Statement To Certificateholders
Distribution Date: September 25, 1996
<TABLE>
<S> <C>
ACCRUED CERTIFICATE INTEREST:
CLASS A-1 1,072,224.90
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 1 358,719.56
CLASS IO-COMPONENT 2 40,489.61
CLASS IO-COMPONENT 3 4,171.95
CLASS E 300,145.18
CLASS F 200,098.85
CLASS G 120,064.62
DISTRIBUTABLE CERTIFICATE INTEREST:
CLASS A-1 1,072,224.90
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 1 358,719.56
CLASS IO-COMPONENT 2 40,489.61
CLASS IO-COMPONENT 3 4,171.95
CLASS E 300,145.18
CLASS F 200,098.85
CLASS G 120,064.62
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: September 25, 1996
<S> <C>
REIMBURSEMENTS OF PREVIOUSLY ALLOCATED REALIZED LOSSES AND ADDITIONAL TRUST FUND EXPENSES:
- ------------------------------------------------------------------------------------------
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
September 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>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill Lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<TABLE>
<CAPTION>
Master Net Paid Ending Scheduled Principal
Loan Control 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> <C>
888868929 101 80850.28 8.09000 0.19500 7.89500 9011996 10866042.29 7544.18 0.00
888868930 120 33883.11 8.09000 0.19500 7.89500 9011996 4553791.74 3161.65 0.00
888868931 124 32209.19 8.42000 0.43000 7.99000 9011996 4193175.29 2767.66 0.00
888868968 114 43650.01 7.91000 0.19500 7.71500 9011996 5970726.11 4264.86 0.00
950101001 42 27989.66 7.83000 0.12500 7.70500 9011996 3647442.41 4162.94 0.00
950102002 7 73144.55 7.76000 0.12500 7.63500 9011996 10141205.72 7516.15 0.00
950103001 29 36653.38 7.99000 0.12500 7.86500 9011996 4975992.67 3498.27 0.00
950103002 91 19678.56 8.47000 0.12500 8.34500 9011996 2435431.15 2471.04 0.01
950204005 41 32234.16 8.70000 0.12500 8.57500 9011996 3914385.38 3827.12 0.00
950204006 8 74915.86 8.22000 0.12500 8.09500 9011996 9960839.54 6638.64 0.01
950205002 21 41111.90 7.64000 0.12500 7.51500 9011996 5770137.81 4347.68 0.00
950304001 1 186806.67 8.05000 0.12500 7.92500 8011996 23946299.03 0.00 0.00
950304003 81 11132.21 8.12000 0.12500 7.99500 9011996 1491953.66 1029.69 0.00
950304004 2 130467.64 8.02000 0.12500 7.89500 9011996 16730154.54 18530.60 0.01
950305003 12 61937.89 8.44000 0.12500 8.31500 9011996 8054010.23 5254.40 0.00
950307001 55 18024.77 7.90000 0.12500 7.77500 9011996 2469750.62 1754.03 0.00
950307002 48 22230.21 7.76000 0.12500 7.63500 9011996 3086631.96 2255.41 0.00
950307003 76 12920.31 7.77000 0.12500 7.64500 9011996 1792130.63 1307.80 0.00
950307004 47 23096.68 7.51000 0.12500 7.38500 9011996 3282566.12 2537.41 0.00
950307005 46 24311.04 7.73000 0.12500 7.60500 9011996 3380284.77 2520.14 0.00
950307006 20 40624.01 7.43000 0.12500 7.30500 9011996 5818602.25 4568.88 0.00
950307007 52 18173.72 7.38000 0.12500 7.25500 9011996 2615744.57 2074.14 0.01
950307008 16 54137.42 8.20000 0.12500 8.07500 9011996 7211394.29 4826.58 0.00
950307009 9 68864.71 7.53000 0.12500 7.40500 9011996 9768325.86 7521.27 0.00
950307010 32 34543.35 7.48000 0.12500 7.35500 9011996 4923693.66 3828.47 0.01
950307011 78 14697.61 8.94000 0.12500 8.81500 9011996 1746979.35 1670.17 0.00
950307012 56 19794.15 8.54000 0.12500 8.41500 9011996 2430656.76 2478.34 0.00
950307013 87 8967.96 8.54000 0.12500 8.41500 9011996 1101236.31 1122.84 0.00
950307014 19 55004.53 8.21000 0.12500 8.08500 9011996 6953371.70 7381.38 0.00
950506001 28 38326.21 7.92000 0.12500 7.79500 9011996 4956392.90 5577.21 0.00
950903001 59 16761.35 8.16000 0.12500 8.03500 9011996 2242593.18 1501.51 0.00
951201003 90 6293.97 9.00000 0.12500 8.87500 9011996 745210.49 699.65 0.01
951302001 69 20384.35 8.46000 0.12500 8.33500 9011996 2525145.58 2564.00 0.00
952007001 14 54604.97 7.78000 0.12500 7.65500 9011996 7567487.14 5506.73 0.00
952007002 33 33952.76 7.64000 0.12500 7.51500 9011996 4768868.82 3568.25 0.01
952007003 27 35795.71 7.64000 0.12500 7.51500 9011996 5027784.73 3761.54 0.01
952007004 71 13261.29 7.59000 0.12500 7.46500 9011996 1870224.01 1423.13 0.01
952007005 40 30061.50 8.36000 0.12500 8.23500 9011996 3948080.14 2538.86 0.01
958007001 85 9896.57 8.56000 0.12500 8.43500 9011996 1273717.56 804.98 0.00
958007002 67 14500.35 8.21000 0.12500 8.08500 9011996 1892979.26 1538.70 0.01
958010001 43 30655.67 9.01000 0.12500 8.88500 9011996 3623304.28 3424.98 0.00
958504001 73 17357.65 9.44000 0.12500 9.31500 9011996 1853802.67 2752.75 0.00
958505002 37 36996.46 8.75000 0.12500 8.62500 9011996 4465661.49 4402.25 0.00
958505006 58 16781.15 8.22000 0.12500 8.09500 9011996 2231014.02 1488.51 0.00
958536001 83 13923.25 9.44000 0.12500 9.31500 9011996 1487007.30 2208.09 0.00
958543007 18 51216.02 7.91000 0.12500 7.78500 9011996 7010530.59 4972.17 0.01
958543008 62 15714.01 7.91000 0.12500 7.78500 9011996 2151100.54 1524.63 0.01
958543009 64 20884.87 9.44000 0.12500 9.31500 9011996 2230511.26 3312.13 0.00
958543011 45 26220.55 8.22000 0.12500 8.09500 9011996 3486294.13 2323.52 0.00
958910004 88 8621.35 8.41000 0.12500 8.28500 9011996 990150.52 1670.34 0.00
958910007 68 14513.79 7.88000 0.12500 7.75500 9011996 1885456.09 2118.72 0.00
958910008 39 33225.93 8.20000 0.12500 8.07500 9011996 4205910.21 4455.10 0.00
958910009 22 45924.06 8.30000 0.12500 8.17500 9011996 5764827.60 6009.11 0.00
960307016 4 108604.28 7.86000 0.12500 7.73500 9011996 14947545.92 10628.24 0.00
960307017 17 53665.31 8.24000 0.12500 8.11500 9011996 7126840.88 4695.43 0.00
885051011 172 12576.09 8.87500 0.19500 8.68000 9011996 1505572.73 1430.54 0.00
885051001 158 17661.28 8.25000 0.11000 8.14000 9011996 2226196.98 2340.09 -0.01
885051003 181 10870.57 8.50000 0.11000 8.39000 8011996 1343366.34 0.00 -0.01
885051006 185 10805.43 8.00000 0.11000 7.89000 9011996 1391018.90 1521.83 -0.01
885051007 138 25282.59 8.23000 0.11000 8.12000 9011996 3283824.33 2742.22 0.00
885051013 207 52352.64 8.88000 0.11000 8.77000 9011996 6264961.52 5947.91 0.00
</TABLE>
<PAGE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill Lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<TABLE>
<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>
888868929 0.00 73306.10 0.00 0.00 1766.96 0.00 0.00 0.00 0.00
888868930 0.00 30721.46 0.00 0.00 740.50 0.00 0.00 0.00 0.00
888868931 0.00 29441.53 0.00 0.00 1503.55 0.00 0.00 0.00 0.00
888868968 0.00 39385.15 0.00 0.00 970.94 0.00 0.00 0.00 0.00
950101001 0.00 23826.72 0.00 0.00 380.38 0.00 0.00 0.00 0.00
950102002 0.00 65628.40 0.00 0.00 1057.16 0.00 0.00 0.00 0.00
950103001 0.00 33155.11 0.00 0.00 518.70 0.00 0.00 0.00 0.00
950103002 0.00 17207.52 0.00 0.00 253.95 0.01 0.00 0.00 0.00
950204005 0.00 28407.04 0.00 0.00 408.15 0.00 0.00 0.00 0.00
950204006 0.00 68277.22 0.00 0.00 1038.28 0.01 0.00 0.00 0.00
950205002 0.00 36764.22 0.00 0.00 601.51 0.00 0.00 0.00 0.00
950304001 0.00 0.00 25992.55 158317.01 0.00 0.00 0.00 184309.56 0.00
950304003 0.00 10102.52 0.00 0.00 155.52 0.00 0.00 0.00 0.00
950304004 0.00 111937.04 0.00 0.00 1744.65 0.01 0.00 0.00 0.00
950305003 0.00 56683.49 0.00 0.00 839.51 0.00 0.00 0.00 0.00
950307001 0.00 16270.74 0.00 0.00 257.45 0.00 0.00 0.00 0.00
950307002 0.00 19974.80 0.00 0.00 321.76 0.00 0.00 0.00 0.00
950307003 0.00 11612.51 0.00 0.00 186.82 0.00 0.00 0.00 0.00
950307004 0.00 20559.27 0.00 0.00 342.20 0.00 0.00 0.00 0.00
950307005 0.00 21790.90 0.00 0.00 352.38 0.00 0.00 0.00 0.00
950307006 0.00 36055.13 0.00 0.00 606.58 0.00 0.00 0.00 0.00
950307007 0.00 16099.58 0.00 0.00 272.69 0.01 0.00 0.00 0.00
950307008 0.00 49310.84 0.00 0.00 751.69 0.00 0.00 0.00 0.00
950307009 0.00 61343.44 0.00 0.00 1018.32 0.00 0.00 0.00 0.00
950307010 0.00 30714.88 0.00 0.00 513.28 0.01 0.00 0.00 0.00
950307011 0.00 13027.44 0.00 0.00 182.15 0.00 0.00 0.00 0.00
950307012 0.00 17315.81 0.00 0.00 253.45 0.00 0.00 0.00 0.00
950307013 0.00 7845.12 0.00 0.00 114.83 0.00 0.00 0.00 0.00
950307014 0.00 47623.15 0.00 0.00 725.08 0.00 0.00 0.00 0.00
950506001 0.00 32749.00 0.00 0.00 516.87 0.00 0.00 0.00 0.00
950903001 0.00 15259.84 0.00 0.00 233.76 0.00 0.00 0.00 0.00
951201003 0.00 5594.32 0.00 0.00 77.70 0.01 0.00 0.00 0.00
951302001 0.00 17820.35 0.00 0.00 263.30 0.00 0.00 0.00 0.00
952007001 0.00 49098.24 0.00 0.00 788.85 0.00 0.00 0.00 0.00
952007002 0.00 30384.51 0.00 0.00 497.13 0.01 0.00 0.00 0.00
952007003 0.00 32034.17 0.00 0.00 524.12 0.01 0.00 0.00 0.00
952007004 0.00 11838.16 0.00 0.00 194.96 0.01 0.00 0.00 0.00
952007005 0.00 27522.64 0.00 0.00 411.52 0.01 0.00 0.00 0.00
958007001 0.00 9091.59 0.00 0.00 132.76 0.00 0.00 0.00 0.00
958007002 0.00 12961.65 0.00 0.00 197.35 0.01 0.00 0.00 0.00
958010001 0.00 27230.69 0.00 0.00 377.78 0.00 0.00 0.00 0.00
958504001 0.00 14604.90 0.00 0.00 193.39 0.00 0.00 0.00 0.00
958505002 0.00 32594.21 0.00 0.00 465.63 0.00 0.00 0.00 0.00
958505006 0.00 15292.64 0.00 0.00 232.55 0.00 0.00 0.00 0.00
958536001 0.00 11715.16 0.00 0.00 155.13 0.00 0.00 0.00 0.00
958543007 0.00 46243.85 0.00 0.00 730.78 0.01 0.00 0.00 0.00
958543008 0.00 14189.38 0.00 0.00 224.23 0.01 0.00 0.00 0.00
958543009 0.00 17572.74 0.00 0.00 232.69 0.00 0.00 0.00 0.00
958543011 0.00 23897.03 0.00 0.00 363.40 0.00 0.00 0.00 0.00
958910004 0.00 6951.01 0.00 0.00 103.31 0.00 0.00 0.00 0.00
958910007 0.00 12395.07 0.00 0.00 196.62 0.00 0.00 0.00 0.00
958910008 0.00 28770.83 0.00 0.00 438.58 0.00 0.00 0.00 0.00
958910009 0.00 39914.95 0.00 0.00 601.13 0.00 0.00 0.00 0.00
960307016 0.00 97976.04 0.00 0.00 1558.14 0.00 0.00 0.00 0.00
960307017 0.00 48969.88 0.00 0.00 742.87 0.00 0.00 0.00 0.00
885051011 0.00 11145.55 0.00 0.00 244.89 0.00 0.00 0.00 0.00
885051001 0.00 15321.19 0.00 0.00 204.28 0.00 0.00 0.00 0.00
885051003 0.00 0.00 1345.53 9401.77 0.00 0.00 0.00 10747.30 0.00
885051006 0.00 9283.60 0.00 0.00 127.65 0.00 0.00 0.00 0.00
885051007 0.00 22540.37 0.00 0.00 301.27 0.00 0.00 0.00 0.00
885051013 0.00 46404.73 0.00 0.00 574.83 0.00 0.00 0.00 0.00
</TABLE>
Page 1 of 3
<PAGE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill Lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<TABLE>
<CAPTION>
Master Net Paid Ending Scheduled Principal
Loan Control 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> <C>
885051014 126 34278.50 8.88000 0.11000 8.77000 9011996 4102058.17 3894.46 0.01
885051015 110 9764.18 8.88000 0.11000 8.77000 9011996 1168465.06 1109.33 0.00
885051016 130 32212.73 8.87500 0.11000 8.76500 8011996 3860078.42 0.00 0.00
885051025 215 11933.47 8.50000 0.11000 8.39000 8011996 1474717.71 0.00 0.00
888830006 190 6840.72 8.78000 0.11000 8.67000 9011996 826103.97 790.61 0.00
888830081 143 23462.56 8.10000 0.11000 7.99000 9011996 2985167.71 3290.47 0.00
888868829 170 11991.33 8.12500 0.11000 8.01500 9011996 1608553.13 1092.69 -0.01
888868859 184 9919.14 8.50000 0.11000 8.39000 8011996 1258101.57 0.00 0.00
888868860 171 13018.69 8.62500 0.11000 8.51500 9011996 1589137.18 1585.37 0.00
888868865 142 22408.57 8.12500 0.11000 8.01500 9011996 3005952.50 2041.94 0.00
888868866 167 13316.47 8.37500 0.11000 8.26500 9011996 1741921.17 1151.28 -0.01
888868885 127 29994.98 7.95900 0.11000 7.84900 9011996 3866197.25 4323.75 0.00
888868887 150 19608.74 8.08500 0.11000 7.97500 9011996 2573227.48 2256.42 0.00
888868888 155 18924.93 8.03900 0.11000 7.92900 8011996 2493680.79 0.00 0.00
888868889 162 14116.14 7.89000 0.11000 7.78000 9011996 1884996.97 1711.03 0.00
888868891 174 11901.16 8.62500 0.11000 8.51500 9011996 1489626.12 1185.95 -0.01
888868892 128 28923.76 8.25000 0.11000 8.14000 9011996 3829880.77 2575.62 0.01
888868893 141 23240.16 8.12500 0.11000 8.01500 9011996 3115373.41 2132.05 0.00
888868897 111 52483.50 8.00000 0.11000 7.89000 9011996 6733905.50 7540.53 -0.01
888868898 147 21874.07 8.25000 0.11000 8.14000 9011996 2828903.59 2408.80 0.00
888868899 118 37224.29 8.25000 0.11000 8.14000 8011996 4818198.31 0.00 0.00
888868900 112 50655.74 8.25000 0.11000 8.14000 8011996 6556723.43 0.00 0.00
888868901 104 77134.87 8.25000 0.11000 8.14000 8011996 9984101.66 0.00 0.00
888868902 153 19353.22 8.12500 0.11000 8.01500 8011996 2530694.67 0.00 0.00
888868913 157 17729.27 8.37500 0.11000 8.26500 9011996 2204632.39 2326.54 -0.01
888868914 148 22375.87 8.62500 0.11000 8.51500 8011996 2725820.95 0.00 0.00
888868915 195 6509.35 8.62500 0.11000 8.51500 9011996 793770.16 798.39 0.00
888868916 180 11071.87 8.50000 0.11000 8.39000 9011996 1362664.01 1409.68 0.00
888868917 182 10407.45 8.25000 0.11000 8.14000 9011996 1347108.65 1138.25 0.00
888868919 191 7865.02 8.28000 0.11000 8.17000 9011996 1015334.94 853.32 0.00
888868920 179 10604.69 8.28000 0.11000 8.17000 9011996 1369013.28 1150.56 0.00
888868921 134 28685.55 8.37500 0.11000 8.26500 9011996 3567045.74 3764.27 0.00
888868922 140 24768.65 8.12500 0.11000 8.01500 9011996 3148201.33 3429.48 0.00
888868923 113 49682.07 8.15000 0.11000 8.04000 9011996 6301574.70 6837.44 0.00
888868925 161 14601.63 7.95000 0.11000 7.84000 9011996 1883508.35 2109.41 0.00
888868927 173 11527.60 7.95000 0.11000 7.84000 9011996 1486980.30 1665.32 0.00
888868928 131 29254.32 8.12500 0.11000 8.01500 9011996 3718347.94 4050.58 0.00
888868934 109 58439.15 8.12500 0.11000 8.01500 8011996 7648358.74 0.00 0.00
888868936 168 13630.38 8.31000 0.11000 8.20000 9011996 1705906.91 1804.48 0.00
888868938 152 20105.48 8.25000 0.11000 8.14000 9011996 2528903.75 2700.70 0.00
888868939 160 17803.23 9.12500 0.11000 9.01500 9011996 2088781.74 1905.30 0.00
888868940 115 39128.33 8.03000 0.11000 7.92000 9011996 5164524.13 4538.68 0.01
888868941 108 58533.19 8.00000 0.11000 7.89000 9011996 7753342.79 6798.91 0.00
888868942 145 22723.13 8.25000 0.11000 8.14000 9011996 2858157.13 3052.32 0.00
888868943 154 19410.36 8.25000 0.11000 8.14000 8011996 2514540.09 0.00 0.00
888868945 107 65771.49 8.75000 0.11000 8.64000 9011996 7946779.98 7769.57 0.00
888868946 187 9939.27 8.25000 0.11000 8.14000 9011996 1287595.66 1079.63 0.00
888868947 186 9962.30 8.25000 0.11000 8.14000 9011996 1290578.47 1082.13 0.00
888868949 119 38239.83 8.25000 0.11000 8.14000 9011996 4809875.79 5136.62 0.00
888868951 144 23904.63 8.37500 0.11000 8.26500 9011996 2978790.12 3093.57 0.00
888868952 149 20722.80 8.25000 0.11000 8.14000 8011996 2684562.40 0.00 0.00
888868953 136 25514.47 8.00000 0.11000 7.89000 8011996 3379662.23 0.00 0.00
888868954 125 32326.46 8.25000 0.11000 8.14000 9011996 4066080.51 4342.30 0.00
888868958 156 18562.43 8.12500 0.11000 8.01500 9011996 2488317.40 1702.92 0.00
888868959 137 25943.57 8.50000 0.11000 8.39000 9011996 3290572.64 2616.81 0.00
888868961 135 29672.05 9.12500 0.11000 9.01500 9011996 3481302.90 3175.50 -0.01
888868962 176 11080.67 8.12500 0.11000 8.01500 8011996 1452697.61 0.00 0.00
888868963 188 8893.31 8.12500 0.11000 8.01500 8011996 1132832.27 0.00 -0.01
888868964 117 38177.70 7.87500 0.11000 7.76500 9011996 4966862.45 5546.27 0.00
888868966 122 31397.76 8.12500 0.11000 8.01500 9011996 4116308.26 3503.20 0.00
888868967 192 7786.83 8.12500 0.11000 8.01500 9011996 1020868.31 868.82 0.00
</TABLE>
<PAGE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill Lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<TABLE>
<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>
885051014 0.00 30384.05 0.00 0.00 376.38 0.00 0.00 0.00 0.00
885051015 0.00 8654.85 0.00 0.00 107.21 0.00 0.00 0.00 0.00
885051016 0.00 0.00 3637.33 28221.23 0.00 0.00 0.00 31858.56 0.00
885051025 0.00 0.00 1477.09 10321.06 0.00 0.00 0.00 11798.15 0.00
888830006 0.00 6050.11 0.00 0.00 75.80 0.00 0.00 0.00 0.00
888830081 0.00 20172.09 0.00 0.00 273.94 0.00 0.00 0.00 0.00
888868829 0.00 10898.64 0.00 0.00 147.55 0.00 0.00 0.00 0.00
888868859 0.00 0.00 1000.50 8803.22 0.00 0.00 0.00 9803.72 0.00
888868860 0.00 11433.32 0.00 0.00 145.82 0.00 0.00 0.00 0.00
888868865 0.00 20366.63 0.00 0.00 275.73 0.00 0.00 0.00 0.00
888868866 0.00 12165.19 0.00 0.00 159.78 0.00 0.00 0.00 0.00
888868885 0.00 25671.23 0.00 0.00 354.80 0.00 0.00 0.00 0.00
888868887 0.00 17352.32 0.00 0.00 236.09 0.00 0.00 0.00 0.00
888868888 0.00 0.00 2204.58 16491.56 0.00 0.00 0.00 18696.14 0.00
888868889 0.00 12405.11 0.00 0.00 172.95 0.00 0.00 0.00 0.00
888868891 0.00 10715.21 0.00 0.00 136.66 0.00 0.00 0.00 0.00
888868892 0.00 26348.14 0.00 0.00 351.31 0.00 0.00 0.00 0.00
888868893 0.00 21108.11 0.00 0.00 285.77 0.00 0.00 0.00 0.00
888868897 0.00 44942.97 0.00 0.00 617.97 0.00 0.00 0.00 0.00
888868898 0.00 19465.27 0.00 0.00 259.54 0.00 0.00 0.00 0.00
888868899 0.00 0.00 4071.19 32711.06 0.00 0.00 0.00 36782.25 0.00
888868900 0.00 0.00 5540.18 44514.02 0.00 0.00 0.00 50054.20 0.00
888868901 0.00 0.00 8436.17 67782.72 0.00 0.00 0.00 76218.89 0.00
888868902 0.00 0.00 2203.39 16917.65 0.00 0.00 0.00 19121.04 0.00
888868913 0.00 15402.73 0.00 0.00 202.30 0.00 0.00 0.00 0.00
888868914 0.00 0.00 2764.16 19361.59 0.00 0.00 0.00 22125.75 0.00
888868915 0.00 5710.96 0.00 0.00 72.84 0.00 0.00 0.00 0.00
888868916 0.00 9662.19 0.00 0.00 125.04 0.00 0.00 0.00 0.00
888868917 0.00 9269.20 0.00 0.00 123.59 0.00 0.00 0.00 0.00
888868919 0.00 7011.70 0.00 0.00 93.15 0.00 0.00 0.00 0.00
888868920 0.00 9454.13 0.00 0.00 125.60 0.00 0.00 0.00 0.00
888868921 0.00 24921.28 0.00 0.00 327.32 0.00 0.00 0.00 0.00
888868922 0.00 21339.17 0.00 0.00 288.90 0.00 0.00 0.00 0.00
888868923 0.00 42844.63 0.00 0.00 578.27 0.00 0.00 0.00 0.00
888868925 0.00 12492.22 0.00 0.00 172.85 0.00 0.00 0.00 0.00
888868927 0.00 9862.28 0.00 0.00 136.46 0.00 0.00 0.00 0.00
888868928 0.00 25203.74 0.00 0.00 341.22 0.00 0.00 0.00 0.00
888868934 0.00 0.00 6608.64 51128.80 0.00 0.00 0.00 57737.44 0.00
888868936 0.00 11825.90 0.00 0.00 156.54 0.00 0.00 0.00 0.00
888868938 0.00 17404.78 0.00 0.00 232.06 0.00 0.00 0.00 0.00
888868939 0.00 15897.93 0.00 0.00 191.65 0.00 0.00 0.00 0.00
888868940 0.00 34589.65 0.00 0.00 473.83 0.00 0.00 0.00 0.00
888868941 0.00 51734.28 0.00 0.00 711.35 0.00 0.00 0.00 0.00
888868942 0.00 19670.81 0.00 0.00 262.28 0.00 0.00 0.00 0.00
888868943 0.00 0.00 2108.40 17071.27 0.00 0.00 0.00 19179.67 0.00
888868945 0.00 58001.92 0.00 0.00 729.17 0.00 0.00 0.00 0.00
888868946 0.00 8859.64 0.00 0.00 118.13 0.00 0.00 0.00 0.00
888868947 0.00 8880.17 0.00 0.00 118.40 0.00 0.00 0.00 0.00
888868949 0.00 33103.21 0.00 0.00 441.38 0.00 0.00 0.00 0.00
888868951 0.00 20811.06 0.00 0.00 273.34 0.00 0.00 0.00 0.00
888868952 0.00 0.00 2250.96 18225.55 0.00 0.00 0.00 20476.51 0.00
888868953 0.00 0.00 2963.63 22240.77 0.00 0.00 0.00 25204.40 0.00
888868954 0.00 27984.16 0.00 0.00 373.12 0.00 0.00 0.00 0.00
888868958 0.00 16859.51 0.00 0.00 228.25 0.00 0.00 0.00 0.00
888868959 0.00 23326.76 0.00 0.00 301.88 0.00 0.00 0.00 0.00
888868961 0.00 26496.55 0.00 0.00 319.41 0.00 0.00 0.00 0.00
888868962 0.00 0.00 1236.33 9711.06 0.00 0.00 0.00 10947.39 0.00
888868963 0.00 0.00 1214.87 7574.49 0.00 0.00 0.00 8789.36 0.00
888868964 0.00 32631.43 0.00 0.00 455.80 0.00 0.00 0.00 0.00
888868966 0.00 27894.56 0.00 0.00 377.65 0.00 0.00 0.00 0.00
888868967 0.00 6918.01 0.00 0.00 93.66 0.00 0.00 0.00 0.00
</TABLE>
Page 2 of 3
<PAGE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill Lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<TABLE>
<CAPTION>
Master Net Paid Ending Scheduled Principal
Loan Control 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> <C>
888868969 116 40498.10 9.12500 0.11000 9.01500 8011996 4751481.18 0.00 0.00
888868970 210 7825.35 8.37500 0.11000 8.26500 9011996 899461.23 1537.13 0.00
888868971 129 30454.50 8.37500 0.11000 8.26500 9011996 3798919.81 3913.89 0.00
888868973 211 7741.29 8.12500 0.11000 8.01500 9011996 1014904.18 863.70 0.01
888868974 212 9820.81 8.12500 0.11000 8.01500 9011996 1287535.31 1095.70 0.01
888868976 166 14091.47 8.50000 0.11000 8.39000 9011996 1739644.30 1756.55 0.00
958032002 74 14810.82 8.76000 0.12500 8.63500 9011996 1786286.89 1758.09 0.00
958406001 13 58200.02 7.91000 0.12500 7.78500 9011996 7960968.10 5686.49 0.00
958412001 15 56144.82 8.54000 0.12500 8.41500 9011996 7248302.51 4907.89 -53642.42
958447002 60 16020.30 7.92000 0.12500 7.79500 8011996 2189287.65 0.00 0.00
958509002 79 13552.82 8.17000 0.12500 8.04500 9011996 1578210.14 2788.85 0.00
958509003 72 15497.18 8.02000 0.12500 7.89500 9011996 1824341.69 3282.56 -0.01
958528001 25 44381.74 8.58000 0.12500 8.45500 9011996 5432052.81 5503.21 0.00
958528002 38 34884.38 8.52000 0.12500 8.39500 9011996 4303816.93 4296.77 0.00
958528003 26 46636.56 9.12000 0.12500 8.99500 8011996 5478874.13 0.00 0.01
958530003 30 42440.20 9.14000 0.12500 9.01500 9011996 4977881.28 4491.13 0.00
958531002 57 17336.07 7.98000 0.12500 7.85500 9011996 2230563.54 2486.29 0.00
958535001 49 32309.93 9.49000 0.12500 9.36500 9011996 2832137.44 9834.67 0.00
958538004 23 42997.86 8.15000 0.12500 8.02500 9011996 5453762.51 5917.53 0.00
958543005 53 18675.46 7.98000 0.12500 7.85500 9011996 2535932.13 1799.54 0.00
958543010 11 64304.54 8.35000 0.12500 8.22500 8011996 8453139.41 0.00 0.00
958910005 61 16234.94 8.06000 0.12500 7.93500 9011996 2189584.06 1518.04 0.00
960307017 80 12625.90 8.26000 0.12500 8.13500 9011996 1590156.57 1668.83 -0.01
968503001 63 16589.77 8.29000 0.12500 8.16500 9011996 2192946.02 1430.29 0.00
968510001 65 15608.96 8.13000 0.12500 8.00500 9011996 1987435.10 2129.66 0.00
968510002 35 45398.56 9.56000 0.12500 9.43500 8011996 4808622.16 0.00 0.00
968517001 6 86964.53 8.50000 0.12500 8.37500 9011996 10746930.85 10764.19 0.00
968530001 10 68558.90 8.52000 0.12500 8.39500 9011996 8458368.52 8444.53 0.00
958910006 75 14955.26 7.91000 0.12500 7.78500 9011996 1777935.69 3214.51 0.00
888868944 105 74891.05 8.12500 0.11000 8.01500 9011996 9518970.81 10369.48 0.00
888868972 102 78879.69 8.00000 0.12500 7.87500 9011996 10698487.72 7506.40 0.00
888868965 121 33897.02 7.92000 0.14500 7.77500 9011996 4522388.96 4022.70 0.00
888868896 103 78879.69 8.00000 0.12500 7.87500 9011996 10698487.72 7506.40 0.00
885051024 214 31801.52 8.30000 0.14500 8.15500 9011996 4105035.94 3384.94 0.01
885051023 213 34307.09 8.30000 0.14500 8.15500 9011996 4428463.05 3651.63 0.00
885051021 216 43553.17 8.50000 0.14500 8.35500 9011996 5524101.13 4393.00 4393.01
885051020 217 30749.56 8.25000 0.14500 8.10500 9011996 3880042.16 4046.45 0.00
159 4999601.43 644337769.72 485627.17 -49249.33
</TABLE>
<PAGE>
GE Capital Management Corp, Master Servicer
Bankers Trust Company, Trustee
Merrill Lynch Mortgage Investors, Inc., Depositor
Series 1996-C1 Collection Report
<TABLE>
<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>
888868969 0.00 0.00 4334.09 35728.06 0.00 0.00 0.00 40062.15 0.00
888868970 0.00 6288.22 0.00 0.00 82.59 0.00 0.00 0.00 0.00
888868971 0.00 26540.61 0.00 0.00 348.59 0.00 0.00 0.00 0.00
888868973 0.00 6877.59 0.00 0.00 93.11 0.01 0.00 0.00 0.00
888868974 0.00 8725.11 0.00 0.00 118.12 0.00 0.00 0.00 0.00
888868976 0.00 12334.92 0.00 0.00 159.63 0.00 0.00 0.00 0.00
958032002 0.00 13052.73 0.00 0.00 186.25 0.00 0.00 0.00 0.00
958406001 0.00 52513.53 0.00 0.00 829.86 0.00 0.00 0.00 0.00
958412001 0.00 51236.93 0.00 0.00 749.96 0.00 0.00 0.00 0.00
958447002 0.00 0.00 1560.70 14231.39 0.00 0.00 0.00 15792.09 0.00
958509002 0.00 10763.97 0.00 0.00 164.69 0.00 0.00 0.00 0.00
958509003 0.00 12214.62 0.00 0.00 190.38 0.00 0.00 0.00 0.00
958528001 0.00 38878.53 0.00 0.00 566.41 0.00 0.00 0.00 0.00
958528002 0.00 30587.61 0.00 0.00 448.76 0.00 0.00 0.00 0.00
958528003 0.00 0.00 4959.42 41105.91 0.00 0.00 0.00 46065.33 0.00
958530003 0.00 37949.07 0.00 0.00 519.00 0.00 0.00 0.00 0.00
958531002 0.00 14849.78 0.00 0.00 232.61 0.00 0.00 0.00 0.00
958535001 0.00 22475.26 0.00 0.00 296.04 0.00 0.00 0.00 0.00
958538004 0.00 37080.33 0.00 0.00 568.72 0.00 0.00 0.00 0.00
958543005 0.00 16875.92 0.00 0.00 264.35 0.00 0.00 0.00 0.00
958543010 0.00 0.00 5446.88 57976.56 0.00 0.00 0.00 63423.44 0.00
958910005 0.00 14716.90 0.00 0.00 228.24 0.00 0.00 0.00 0.00
960307017 0.00 10957.07 0.00 0.00 165.82 -0.01 0.00 0.00 0.00
968503001 0.00 15159.48 0.00 0.00 228.58 0.00 0.00 0.00 0.00
968510001 0.00 13479.30 0.00 0.00 207.25 0.00 0.00 0.00 0.00
968510002 0.00 0.00 7033.83 37863.10 0.00 0.00 0.00 44896.93 0.00
968517001 0.00 76200.34 0.00 0.00 1120.59 0.00 0.00 0.00 0.00
968530001 0.00 60114.37 0.00 0.00 881.96 0.00 0.00 0.00 0.00
958910006 0.00 11740.75 0.00 0.00 185.54 0.00 0.00 0.00 0.00
888868944 0.00 64521.57 0.00 0.00 873.52 0.00 0.00 0.00 0.00
888868972 0.00 71373.29 0.00 0.00 1115.21 0.00 0.00 0.00 0.00
888868965 0.00 29874.32 0.00 0.00 546.94 0.00 0.00 0.00 0.00
888868896 0.00 71373.29 0.00 0.00 1115.21 0.00 0.00 0.00 0.00
885051024 0.00 28416.58 0.00 0.00 496.43 0.00 0.00 0.00 0.00
885051023 0.00 30655.46 0.00 0.00 535.55 0.00 0.00 0.00 0.00
885051021 0.00 39160.17 0.00 0.00 668.03 30.90 0.00 0.00 0.00
885051020 0.00 26703.11 0.00 0.00 469.33 0.00 0.00 0.00 0.00
159 0.00 3679643.95 98390.42 725699.85 56865.92 31.03 0.00 824090.27 0.00
</TABLE>
Page 3 of 3
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Balance Terms as of Cut-Off Date Current Terms
-------------------------------- ------------------
Loan ID Property Name City State Balance Rate Term Amort Balance Rate
- --------- ----------------------------------- ----------- ----- ---------- ------- ---- ----- ------------- -------
<S> <S> <C> <C> <C> <C> <C> <C> <C> <C>
950304001 Mountaingate Plaza Simi Valley CA 24,100,000 8.05000 10 25 23,946,299.03 8.05000
950304004 Renaissance Center West Las Vegas NV 16,875,000 8.02000 11 25 16,730,154.54 8.02000
960307016 Tropicana Palms Las Vegas NV 15,000,000 7.86000 5 30 14,947,545.92 7.86000
968517001 Holiday Manor Shopping Center Northfield KY 10,800,000 8.50000 10 25 10,746,930.85 8.50000
950102002 Mission Park Apartments San Marcos CA 10,200,000 7.76000 10 30 10,141,205.72 7.76000
950204006 Canyon Country Plaza Santa Clarita CA 10,000,000 8.22000 15 30 9,960,839.54 8.22000
950307009 Verde Mont Villas San Bernardino CA 9,820,000 7.53000 5 30 9,768,325.86 7.53000
968530001 Brigantine Town Center Brigantine NJ 8,500,000 8.52000 7 25 8,458,368.52 8.52000
958543010 Pace's Crossing Apartments Denton TX 8,480,000 8.35000 10 30 8,453,139.41 8.35000
950305003 The Corner at Seven Corners Falls Church VA 8,100,000 8.44000 10 30 8,054,010.23 8.44000
958406001 New Colony Apartments Fort Collins CO 8,000,000 7.91000 10 30 7,960,968.10 7.91000
952007001 Southglen Center Overland Park KS 7,600,000 7.78000 10 30 7,567,487.14 7.78000
958412001 Northgate Shopping Center Boise ID 7,275,000 8.54000 10 30 7,248,302.51 8.54000
950307008 ANA ParkTowne Apartments Perris CA 7,240,000 8.20000 10 30 7,211,394.29 7.38000
968501002 Sunvilla Estates Reno CA 7,150,000 8.24000 10 30 7,126,840.88 8.24000
958543007 Pecan Square Apartments Dallas TX 7,040,000 7.91000 10 30 7,010,530.59 7.91000
950307014 Santee Town Center Santee CA 7,000,000 8.21000 7 25 6,953,371.70 8.21000
950307006 Briarhill Apartments Fullerton CA 5,850,000 7.43000 5 30 5,818,602.25 7.73000
950205002 Canyon View Apartments Las Vegas NV 5,800,000 7.64000 10 30 5,770,137.81 7.64000
958910009 Emorywoods Apartments Atlanta GA 5,800,000 8.30000 15 25 5,764,827.60 8.30000
958538004 Cedar Crest Square Shopping Center Lebanon PA 5,500,000 8.15000 10 25 5,453,762.51 8.15000
958528001 Ocotillo Plaza Las Vegas NV 5,475,000 8.58000 10 25 5,432,052.81 8.58000
958528003 Rainbow Professional Center Las Vegas NV 5,503,300 9.12000 7 25 5,478,874.13 9.12000
952007003 Coral Island Apartments Houston TX 4,790,000 7.64000 7 30 5,027,784.73 7.64000
950506001 Sorrento Pines San Diego CA 5,000,000 7.92000 7 25 4,956,392.90 7.92000
950103001 Trailer Rancho Mobile Home Park Redwood City CA 5,000,000 7.99000 10 30 4,975,992.67 7.99000
958530003 Heritage Place Shopping Center Flemington NJ 5,000,000 9.14000 5 25 4,977,881.28 9.14000
950307010 El Encanto Villas Tustin CA 4,950,000 7.48000 5 30 4,923,693.66 7.48000
952007002 Coral Gables Apartments Houston TX 5,050,000 7.64000 7 30 4,768,868.82 7.64000
968510002 Comfort Inn - Buckhead Atlanta GA 4,850,000 9.56000 20 20 4,808,622.16 9.56000
958505002 Post Falls Factory Outlet Center Post Falls ID 4,500,000 8.75000 10 25 4,465,661.49 8.75000
958528002 Charleston Square (Phase I) Las Vegas NV 4,325,000 8.52000 10 25 4,303,816.93 8.52000
958910008 Chateau Montagne Apartments Atlanta GA 4,232,000 8.20000 15 25 4,205,910.21 8.20000
952007005 Suntree Apartments Kansas City KS 3,960,000 8.36000 10 30 3,948,080.14 8.36000
950204005 City Centre Office Building Long Beach CA 3,937,000 8.70000 10 25 3,914,385.38 8.70000
950101001 Peppertree Business Park San Diego CA 3,680,000 7.83000 5 25 3,647,442.41 7.83000
958010001 Medical Arts Shopping Center Savannah GA 3,650,000 9.01000 5 25 3,623,304.28 9.01000
958543011 Warwick Apartments Dallas TX 3,500,000 8.22000 10 30 3,486,294.13 8.22000
950307005 ANA Vermont Breeze Apts Gardena CA 3,400,000 7.73000 5 30 3,380,284.77 7.77000
950307004 ANA Towngate Moreno Valley CA 3,300,000 7.51000 5 30 3,282,566.12 7.51000
950307002 ANA Country Hills Apts. Desert Hot Springs CA 3,100,000 7.76000 5 30 3,086,631.96 8.20000
958535001 Bally's Scandinavian Health Spa Canton OH 2,890,000 9.25000 13 13 2,832,137.44 9.49000
950307007 Villa Del Sol Long Beach CA 2,630,000 7.38000 5 30 2,615,744.57 7.43000
958543005 The Fountains of San Antonio San Antonio TX 2,550,000 7.98000 10 30 2,535,932.13 7.98000
950307001 Island Breeze Apartments Gardena CA 2,480,000 7.90000 7 30 2,469,750.62 7.90000
950307012 Sepulveda/Victory Center Van Nuys CA 2,450,000 8.54000 10 25 2,430,656.76 8.54000
958531002 Fox Plaza Shopping Center Albuquerque NM 2,250,000 7.98000 10 25 2,230,563.54 7.98000
958505006 Northwest Crossing Apartments Dallas TX 2,240,000 8.22000 10 30 2,231,014.02 8.22000
950903001 Tuxedo Park Apartments Portland OR 2,250,000 8.16000 10 30 2,242,593.18 8.16000
958447002 Adams Square Apartments Spokane WA 2,200,000 7.92000 10 30 2,189,287.65 7.92000
958910005 Charlestowne South Apartments Augusta GA 2,200,000 8.06000 15 30 2,189,584.06 8.06000
958543008 Clubview Gardens Apartments Dallas TX 2,160,000 7.91000 10 30 2,151,100.54 7.91000
968503001 Canyon Park Apartments Phoenix AZ 2,200,000 8.29000 10 30 2,192,946.02 8.29000
958543009 Comfort Inn - Amarillo Amarillo TX 2,250,000 9.44000 20 20 2,230,511.26 9.44000
968510001 Woodhaven Apartments Augusta GA 2,000,000 8.13000 10 25 1,987,435.10 8.13000
958007002 Factory Square Mystic CT 1,905,000 8.21000 5 28 1,892,979.26 8.21000
958910007 Elmwood Apartments Tucker GA 1,900,000 7.88000 10 25 1,885,456.09 7.88000
951302001 Greenwood Plaza South Bend IN 2,540,000 8.46000 15 25 2,525,145.58 8.46000
952007004 Arborwood Apartments Tyler TX 1,880,000 7.59000 5 30 1,870,224.01 7.59000
958509003 Talla Villa Apartments Tallahassee FL 1,850,000 8.02000 20 20 1,824,341.69 8.02000
958504001 Comfort Inn - Little Rock Little Rock AR 1,870,000 9.44000 20 20 1,853,802.67 9.44000
</TABLE>
Page 1 of 3
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Current Terms As of Cut-Off Date
----------------- ---------------------------------------------------------
Eff. Total Total Replacement NOI (NOI
Loan ID Property Name Net Rate Term Amort Loan Type Revenue Expenses Reserves Reserves) DSCR
- -------- ----------------------------------- --------- ---- ----- --------- --------- --------- -------- ---------- ----
<S> <S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
950304001 Mountaingate Plaza 7.92500 115 25 FIXED 4,109,298 1,153,277 43,302 2,956,022 1.29
950304004 Renaissance Center West 7.89500 125 25 FIXED 2,590,823 528,786 25,395 2,062,037 1.29
960307016 Tropicana Palms 7.73500 55 30 FIXED 2,320,909 726,063 26,600 1,594,846 1.22
968517001 Holiday Manor Shopping Center 8.37500 115 25 FIXED 1,728,665 369,010 34,082 1,359,655 1.28
950102002 Mission Park Apartments 7.63500 113 30 FIXED 2,040,835 911,272 52,800 1,129,563 1.29
950204006 Canyon Country Plaza 8.09500 175 30 FIXED 1,996,568 568,811 23,776 1,427,758 1.58
950307009 Verde Mont Villas 7.40500 54 30 FIXED 1,849,454 799,489 60,000 1,049,965 1.27
968530001 Brigantine Town Center 8.39500 79 25 FIXED 1,609,371 457,526 18,988 1,151,845 1.37
958543010 Pace's Crossing Apartments 8.22500 115 30 FIXED 2,083,938 1,082,398 105,480 1,001,541 1.30
950305003 The Corner at Seven Corners 8.31500 112 30 FIXED 1,402,629 335,878 14,178 1,066,751 1.41
958406001 New Colony Apartments 7.78500 114 30 FIXED 1,634,086 683,058 63,250 951,028 1.36
952007001 Southglen Center 7.65500 115 30 FIXED 878,162 55,912 12,004 822,250 1.25
958412001 Northgate Shopping Center 8.41500 115 30 FIXED 1,352,428 432,313 18,782 920,115 1.32
950307008 ANA ParkTowne Apartments 7.25500 115 30 FIXED 1,254,468 463,618 47,000 790,849 1.22
968501002 Sunvilla Estates 8.11500 115 30 FIXED 1,241,069 448,203 16,200 792,866 1.23
958543007 Pecan Square Apartments 7.78500 115 30 FIXED 1,891,685 1,098,659 99,000 793,026 1.29
950307014 Santee Town Center 8.08500 79 25 FIXED 1,435,027 494,130 9,559 940,897 1.40
950307006 Briarhill Apartments 7.60500 54 30 FIXED 1,058,731 433,016 25,600 625,716 1.28
950205002 Canyon View Apartments 7.51500 114 30 FIXED 1,085,545 447,862 31,050 637,683 1.29
958910009 Emorywoods Apartments 8.17500 175 25 FIXED 1,312,105 580,051 74,100 732,054 1.33
958538004 Cedar Crest Square Shopping Center 8.02500 113 25 FIXED 1,043,434 292,286 18,899 751,147 1.40
958528001 Ocotillo Plaza 8.45500 113 25 FIXED 1,108,628 335,013 10,821 773,615 1.41
958528003 Rainbow Professional Center 8.99500 79 25 FIXED 908,788 186,363 8,329 722,425 1.25
952007003 Coral Island Apartments 7.51500 79 30 FIXED 1,474,657 947,834 79,000 526,823 1.28
950506001 Sorrento Pines 7.79500 77 25 FIXED 883,155 217,811 17,175 665,343 1.38
950103001 Trailer Rancho Mobile Home Park 7.86500 114 30 FIXED 853,409 306,522 7,100 546,888 1.24
958530003 Heritage Place Shopping Center 9.01500 55 25 FIXED 1,012,394 307,795 7,367 704,599 1.35
950307010 El Encanto Villas 7.35500 54 30 FIXED 896,603 381,298 23,200 515,305 1.24
952007002 Coral Gables Apartments 7.51500 79 30 FIXED 1,560,676 981,770 81,500 578,905 1.35
968510002 Comfort Inn - Buckhead 9.43500 235 20 FIXED 2,219,795 1,443,899 0 775,896 1.42
958505002 Post Falls Factory Outlet Center 8.62500 113 25 FIXED 1,060,526 371,781 9,180 688,745 1.51
958528002 Charleston Square (Phase I) 8.39500 115 25 FIXED 781,101 208,133 10,038 572,968 1.34
958910008 Chateau Montagne Apartments 8.07500 175 25 FIXED 1,097,917 598,080 54,600 499,837 1.25
952007005 Suntree Apartments 8.23500 115 30 FIXED 887,622 447,520 53,750 440,102 1.22
950204005 City Centre Office Building 8.57500 115 25 FIXED 946,490 392,874 9,156 553,616 1.32
950101001 Peppertree Business Park 7.70500 53 25 FIXED 719,960 199,967 22,902 519,993 1.43
958010001 Medical Arts Shopping Center 8.88500 53 25 FIXED 742,044 186,915 9,355 555,129 1.41
958543011 Warwick Apartments 8.09500 115 30 FIXED 1,144,011 730,326 72,000 413,686 1.31
950307005 ANA Vermont Breeze Apts 7.64500 53 30 FIXED 687,654 214,771 20,800 472,883 1.62
950307004 ANA Towngate 7.38500 54 30 FIXED 758,080 357,438 39,480 400,642 1.92
950307002 ANA Country Hills Apts. 8.07500 55 30 FIXED 752,869 384,781 65,800 368,088 1.38
958535001 Bally's Scandinavian Health Spa 9.36500 151 13 FIXED 569,529 44,059 5,582 525,470 1.37
950307007 Villa Del Sol 7.30500 54 30 FIXED 487,896 206,150 11,200 281,747 1.29
958543005 The Fountains of San Antonio 7.85500 113 30 FIXED 634,284 341,960 25,300 292,324 1.30
950307001 Island Breeze Apartments 7.77500 79 30 FIXED 534,114 103,539 20,800 430,575 1.99
950307012 Sepulveda/Victory Center 8.41500 113 25 FIXED 517,389 154,164 3,739 363,225 1.50
958531002 Fox Plaza Shopping Center 7.85500 113 25 FIXED 376,291 86,523 10,281 289,768 1.37
958505006 Northwest Crossing Apartments 8.09500 115 30 FIXED 798,605 540,724 50,400 257,881 1.28
950903001 Tuxedo Park Apartments 8.03500 115 30 FIXED 399,028 151,990 12,096 247,038 1.23
958447002 Adams Square Apartments 7.79500 113 30 FIXED 481,680 207,352 29,150 274,329 1.43
958910005 Charlestowne South Apartments 7.93500 174 30 FIXED 530,326 281,829 30,000 248,498 1.28
958543008 Clubview Gardens Apartments 7.78500 115 30 FIXED 712,767 470,544 43,200 242,223 1.28
968503001 Canyon Park Apartments 8.16500 115 30 FIXED 809,832 515,592 31,200 294,240 1.48
958543009 Comfort Inn - Amarillo 9.31500 235 20 FIXED 1,303,942 901,172 0 402,770 1.61
968510001 Woodhaven Apartments 8.00500 115 25 FIXED 540,560 312,892 38,000 227,668 1.22
958007002 Factory Square 8.08500 53 28 FIXED 555,735 295,489 19,745 260,246 1.44
958910007 Elmwood Apartments 7.75500 114 25 FIXED 535,225 314,916 22,590 220,309 1.26
951302001 Greenwood Plaza 8.33500 175 25 FIXED 480,513 140,783 20,284 339,731 1.33
952007004 Arborwood Apartments 7.46500 54 30 FIXED 536,347 321,608 30,000 214,740 1.35
958509003 Talla Villa Apartments 7.89500 233 20 FIXED 624,042 360,606 37,250 263,436 1.42
958504001 Comfort Inn - Little Rock 9.31500 235 20 FIXED 1,276,777 952,433 0 324,344 1.56
</TABLE>
Page 1 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Most Current
--------------------------------------------
Total Total Replacement NOI (NOI
Loan ID Property Name Property Type Revenue Expenses Reserves Reserves) DSCR
- --------- ------------------------------- ------------------ --------- --------- --------- --------- ----
<S> <S> <C> <C> <C> <C> <C> <C>
950304001 Mountaingate Plaza Anchored Shopping 4,109,298 1,153,277 43,302 2,956,022 1.29
950304004 Renaissance Center West Anchored Shopping 2,590,823 528,786 25,395 2,062,037 1.29
960307016 Tropicana Palms Mobile Home Park 2,320,909 726,063 26,600 1,594,846 1.22
968517001 Holiday Manor Shopping Center Anchored Shopping 1,728,665 369,010 34,082 1,359,655 1.28
950102002 Mission Park Apartments Multifamily 2,040,835 911,272 52,800 1,129,563 1.29
950204006 Canyon Country Plaza Anchored Shopping 1,996,568 568,811 23,776 1,427,758 1.58
950307009 Verde Mont Villas Multifamily 1,849,454 799,489 60,000 1,049,965 1.27
968530001 Brigantine Town Center Anchored Shopping 1,609,371 457,526 18,988 1,151,845 1.37
958543010 Pace's Crossing Apartments Multifamily 2,083,938 1,082,398 105,480 1,001,541 1.30
950305003 The Corner at Seven Corners Unanchored Shoppin 1,402,629 335,878 14,178 1,066,751 1.41
958406001 New Colony Apartments Multifamily 1,634,086 683,058 63,250 951,028 1.36
952007001 Southglen Center Anchored Shopping 878,162 55,912 12,004 822,250 1.25
958412001 Northgate Shopping Center Anchored Shopping 1,352,428 432,313 18,782 920,115 1.32
950307008 ANA ParkTowne Apartments Multifamily 1,254,468 463,618 47,000 790,849 1.22
968501002 Sunvilla Estates Mobile Home Park 1,241,069 448,203 16,200 792,866 1.23
958543007 Pecan Square Apartments Multifamily 1,891,685 1,098,659 99,000 793,026 1.29
950307014 Santee Town Center Anchored Shopping 1,435,027 494,130 9,559 940,897 1.40
950307006 Briarhill Apartments Multifamily 1,058,731 433,016 25,600 625,716 1.28
950205002 Canyon View Apartments Multifamily 1,085,545 447,862 31,050 637,683 1.29
958910009 Emorywoods Apartments Multifamily 1,312,105 580,051 74,100 732,054 1.33
958538004 Cedar Crest Square Shopping Center Anchored Shopping 1,043,434 292,286 18,899 751,147 1.40
958528001 Ocotillo Plaza Anchored Shopping 1,108,628 335,013 10,821 773,615 1.41
958528003 Rainbow Professional Center Office 908,788 186,363 8,329 722,425 1.25
952007003 Coral Island Apartments Multifamily 1,474,657 947,834 79,000 526,823 1.28
950506001 Sorrento Pines Industrial 883,155 217,811 17,175 665,343 1.38
950103001 Trailer Rancho Mobile Home Park Mobile Home Park 853,409 306,522 7,100 546,888 1.24
958530003 Heritage Place Shopping Center Unanchored Shoppin 1,012,394 307,795 7,367 704,599 1.35
950307010 El Encanto Villas Multifamily 896,603 381,298 23,200 515,305 1.24
952007002 Coral Gables Apartments Multifamily 1,560,676 981,770 81,500 578,905 1.35
968510002 Comfort Inn - Buckhead Hospitality 2,219,795 1,443,899 0 775,896 1.42
958505002 Post Falls Factory Outlet Center Unanchored Shoppin 1,060,526 371,781 9,180 688,745 1.51
958528002 Charleston Square (Phase I) Anchored Shopping 781,101 208,133 10,038 572,968 1.34
958910008 Chateau Montagne Apartments Multifamily 1,097,917 598,080 54,600 499,837 1.25
952007005 Suntree Apartments Multifamily 887,622 447,520 53,750 440,102 1.22
950204005 City Centre Office Building Office 946,490 392,874 9,156 553,616 1.32
950101001 Peppertree Business Park Industrial 719,960 199,967 22,902 519,993 1.43
958010001 Medical Arts Shopping Center Anchored Shopping 742,044 186,915 9,355 555,129 1.41
958543011 Warwick Apartments Multifamily 1,144,011 730,326 72,000 413,686 1.31
950307005 ANA Vermont Breeze Apts Multifamily 687,654 214,771 20,800 472,883 1.62
950307004 ANA Towngate Multifamily 758,080 357,438 39,480 400,642 1.92
950307002 ANA Country Hills Apts. Multifamily 752,869 384,781 65,800 368,088 1.38
958535001 Bally's Scandinavian Health Spa Anchored Shopping 569,529 44,059 5,582 525,470 1.37
950307007 Villa Del Sol Multifamily 487,896 206,150 11,200 281,747 1.29
958543005 The Fountains of San Antonio Multifamily 634,284 341,960 25,300 292,324 1.30
950307001 Island Breeze Apartments Multifamily 534,114 103,539 20,800 430,575 1.99
950307012 Sepulveda/Victory Center Unanchored Shoppin 517,389 154,164 3,739 363,225 1.50
958531002 Fox Plaza Shopping Center Anchored Shopping 376,291 86,523 10,281 289,768 1.37
958505006 Northwest Crossing Apartments Multifamily 798,605 540,724 50,400 257,881 1.28
950903001 Tuxedo Park Apartments Multifamily 399,028 151,990 12,096 247,038 1.23
958447002 Adams Square Apartments Multifamily 481,680 207,352 29,150 274,329 1.43
958910005 Charlestowne South Apartments Multifamily 530,326 281,829 30,000 248,498 1.28
958543008 Clubview Gardens Apartments Multifamily 712,767 470,544 43,200 242,223 1.28
968503001 Canyon Park Apartments Multifamily 809,832 515,592 31,200 294,240 1.48
958543009 Comfort Inn - Amarillo Hospitality 1,303,942 901,172 0 402,770 1.61
968510001 Woodhaven Apartments Multifamily 540,560 312,892 38,000 227,668 1.22
958007002 Factory Square Other 555,735 295,489 19,745 260,246 1.44
958910007 Elmwood Apartments Multifamily 535,225 314,916 22,590 220,309 1.26
951302001 Greenwood Plaza Anchored Shopping 480,513 140,783 20,284 339,731 1.33
952007004 Arborwood Apartments Multifamily 536,347 321,608 30,000 214,740 1.35
958509003 Talla Villa Apartments Multifamily 624,042 360,606 37,250 263,436 1.42
958504001 Comfort Inn - Little Rock Hospitality 1,276,777 952,433 0 324,344 1.56
</TABLE>
Page 1 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Balance Terms as of Cut-Off Date Current Terms
-------------------------------- ------------------
Loan ID Property Name City State Balance Rate Term Amort Balance Rate
- --------- ----------------------------------- ----------- ----- ---------- ------- ---- ----- ------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
958032002 Huntington Office Center Melville NY 1,800,000 8.76000 10 25 1,786,286.89 8.76000
958910006 Highland Club Apartments Atlanta GA 1,800,000 7.91000 20 20 1,777,935.69 7.91000
950307003 Garden Breeze Apartments San Bernadino CA 1,800,000 7.77000 5 30 1,792,130.63 7.76000
950307011 Donna/Ventura Tarzana CA 1,760,000 8.94000 10 25 1,746,979.35 8.94000
958509002 Morris Creek Apartments Smithfield VA 1,600,000 8.17000 20 20 1,578,210.14 8.17000
960307017 Fox Valley Apartments Birmingham AL 1,600,000 8.26000 10 25 1,590,156.57 8.26000
950304003 North Hills Tropicana Apartments North Hills CA 1,500,000 8.12000 10 30 1,491,953.66 8.12000
958536001 Comfort Inn - Oklahoma City Oklahoma City OK 1,500,000 9.44000 20 20 1,487,007.30 9.44000
958007001 Deer Park Apartments Willington CT 1,280,000 8.56000 5 30 1,273,717.56 8.56000
950307013 Fallbrook/Saticoy Canoga Park CA 1,110,000 8.54000 10 25 1,101,236.31 8.54000
958910004 Summit Grove Apartments Atlanta GA 1,000,000 8.41000 20 20 990,150.52 8.41000
951201003 Shoppers Landing Freeport ME 750,000 9.00000 7 25 745,210.49 9.00000
950103002 Vernitron Building San Diego CA 2,450,000 8.47000 7 25 2,435,431.15 8.47000
888868929 Weavers Mill Manchester CT 10,925,000 8.09000 10 360 10,866,042.29 8.09000
888868972 Cedar Springs Apartments Las Vegas NV 10,750,000 8.00000 10 360 10,698,487.72 8.00000
888868896 Desert Springs Apartments Las Vegas NV 10,750,000 8.00000 10 360 10,698,487.72 8.00000
888868901 33 Gold Street New York NY 10,050,000 8.25000 10 330 9,984,101.66 8.12500
888868944 West Kentucky Outlet Center Eddyville KY 9,600,000 8.12500 10 300 9,518,970.81 8.75000
888868945 Rancho Vista Retirement and Health Ce Vista CA 8,000,000 8.75000 10 300 7,946,779.98 8.62500
888868941 Candletree Apartments Columbus OH 7,800,000 8.00000 10 330 7,753,342.79 8.25000
888868934 123 West 44th Street New York NY 7,700,000 8.12500 10 330 7,648,358.74 8.31000
885051015 Wisconsin Rapids - Int'l Paper Wisconsin Rapids WI 1,175,000 8.88000 10 300 1,168,465.06 8.88000
888868897 Mark Twain Ballwin MO 6,800,000 8.00000 10 300 6,733,905.50 8.25000
888868900 220 East 22nd Street New York NY 6,600,000 8.25000 10 330 6,556,723.43 8.25000
888868923 Hunter Mill Plaza Oakton VA 6,355,000 8.15000 10 300 6,301,574.70 7.95000
888868968 Sierra Townhomes Harlingen TX 6,000,000 7.91000 10 360 5,970,726.11 7.91000
888868940 Woodstream-Greentree Apartments Claymont DE 5,200,000 8.03000 7 330 5,164,524.13 8.00000
888868969 Kings Point Plaza Delray Beach Fl 4,777,000 9.12500 10 300 4,751,481.18 9.12500
888868964 Gardner Street Apartments Allston MA 5,000,000 7.87500 7 300 4,966,862.45 7.87500
888868899 210 East 22nd Street New York NY 4,850,000 8.25000 10 330 4,818,198.31 8.25000
888868949 Shops of Dunwoody Dunwoody GA 4,850,000 8.25000 10 300 4,809,875.79 8.25000
888868930 Yarn Mill Manchester CT 4,578,500 8.09000 10 360 4,553,791.74 8.42000
888868965 Fox Meadows Grand Rapids MI 4,550,000 7.92000 10 330 4,522,388.96 7.92000
888868966 Windtree I & II Apartments Amarillo TX 4,137,000 8.12500 10 330 4,116,308.26 8.12500
888868931 Duval Villa Austin TX 4,220,000 8.42000 10 360 4,193,175.29 8.12500
888868954 Shoppes at Sawgrass Commons Sunrise FL 4,100,000 8.25000 10 300 4,066,080.51 8.25000
885051014 Schofield Warehouse Schofield WI 4,125,000 8.88000 10 300 4,102,058.17 8.88000
888868885 Van Mark Apartments Monroe LA 3,900,000 7.95900 10 300 3,866,197.25 8.08500
888868892 Cedar Creek Apartments Santa Fe NM 3,850,000 8.25000 25 360 3,829,880.77 8.12500
888868971 Carroll Plaza Shopping Center Westminster MD 3,822,000 8.37500 7 300 3,798,919.81 8.37500
885051016 Quality Logistics Hutchins TX 3,878,000 8.87500 7 300 3,860,078.42 8.87500
888868928 Cedar Ridge Arlington TX 3,750,000 8.12500 10 300 3,718,347.94 8.09000
888868921 Kid's Gap Building Westport CT 3,600,000 8.37500 10 300 3,567,045.74 8.12500
888868961 Hacienda Healthcare Hanford CA 3,500,000 9.12500 7 300 3,481,302.90 9.12500
888868953 Sutton Park Apartments Lansing MI 3,400,000 8.00000 10 330 3,379,662.23 8.00000
888868959 Zelda Place Shopping Center Montgomery AL 3,306,000 8.50000 10 330 3,290,572.64 8.50000
885051007 The Spanish Mission Apartments Valdosta GA 3,300,000 8.23000 10 330 3,283,824.33 8.23000
888868922 Commerce Plaza Springfield VA 3,175,000 8.12500 10 300 3,148,201.33 8.15000
888868893 Blue River Apartments Silverthorne CO 3,130,000 8.12500 25 360 3,115,373.41 8.00000
888868865 Central High School South Bend IN 3,018,000 8.12500 25 360 3,005,952.50 8.37500
888830081 KMart Plaza Lapeer MI 3,014,000 8.10000 10 300 2,985,167.71 8.10000
888868951 Hamilton Plaza West Framingham MA 3,000,000 8.37500 10 300 2,978,790.12 8.37500
888868942 Melody Place Apartments Dallas TX 2,882,000 8.25000 25 300 2,858,157.13 8.25000
888868898 Liberty West Baltimore MD 2,850,000 8.25000 10 330 2,828,903.59 8.25000
888868914 Spencerwood Shopping Center Deer Park TX 2,750,000 8.62500 10 300 2,725,820.95 8.62500
888868952 Brookshire Apartments Lansing MI 2,700,000 8.25000 10 330 2,684,562.40 8.25000
888868887 Terrace View VI Blacksburg VA 2,593,000 8.08500 10 330 2,573,227.48 8.03900
888868938 Kinsor Towers Brooklyn NY 2,550,000 8.25000 10 300 2,528,903.75 9.12500
888868902 1112 M Street Washington DC 2,550,000 8.12500 10 330 2,530,694.67 8.37500
888868943 Lakeview Village Apartments Milwaukee WI 2,529,000 8.25000 10 330 2,514,540.09 8.12500
888868888 Mark Greenville Apartments Greenville MS 2,513,000 8.03900 10 330 2,493,680.79 7.89000
</TABLE>
Page 2 of 3
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Current Terms As of Cut-Off Date
----------------- ---------------------------------------------------------
Eff. Total Total Replacement NOI (NOI
Loan ID Property Name Net Rate Term Amort Loan Type Revenue Expenses Reserves Reserves) DSCR
- -------- ----------------------------------- --------- ---- ----- --------- --------- --------- -------- ---------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
958032002 Huntington Office Center 8.63500 113 25 FIXED 665,516 341,209 11,168 324,307 1.43
958910006 Highland Club Apartments 7.78500 234 20 FIXED 440,568 188,095 13,500 252,473 1.41
950307003 Garden Breeze Apartments 7.63500 55 30 FIXED 465,092 239,105 47,628 225,987 1.46
950307011 Donna/Ventura 8.81500 113 25 FIXED 339,601 90,585 2,029 249,016 1.39
958509002 Morris Creek Apartments 8.04500 233 20 FIXED 480,905 228,285 21,750 252,620 1.55
960307017 Fox Valley Apartments 8.13500 115 25 FIXED 471,583 239,523 36,000 232,060 1.58
950304003 North Hills Tropicana Apartments 7.99500 113 30 FIXED 491,471 259,835 17,250 231,636 1.73
958536001 Comfort Inn - Oklahoma City 9.31500 235 20 FIXED 1,038,436 782,712 0 255,724 1.53
958007001 Deer Park Apartments 8.43500 53 30 FIXED 325,629 154,469 11,250 171,160 1.44
950307013 Fallbrook/Saticoy 8.41500 113 25 FIXED 208,180 59,200 1,752 148,980 1.35
958910004 Summit Grove Apartments 8.28500 235 20 FIXED 333,161 187,571 16,000 145,590 1.41
951201003 Shoppers Landing 8.87500 78 25 FIXED 170,063 60,739 2,515 109,323 1.38
950103002 Vernitron Building 8.34500 79 25 FIXED 333,126 27,533 9,254 305,593 1.28
888868929 Weavers Mill 7.89500 113 360 FIXED 2,084,520 798,395 57,600 1,228,525 1.27
888868972 Cedar Springs Apartments 7.87500 114 360 FIXED 2,140,617 842,260 89,488 1,208,869 1.28
888868896 Desert Springs Apartments 7.89000 114 360 FIXED 2,140,617 842,260 89,488 1,208,869 1.28
888868901 33 Gold Street 8.01500 113 330 FIXED 2,871,985 1,476,007 63,700 1,332,278 1.44
888868944 West Kentucky Outlet Center 8.64000 112 300 FIXED 2,201,252 748,863 16,175 1,436,214 1.51
888868945 Rancho Vista Retirement and Health Ce 8.51500 113 300 FIXED 5,510,000 4,266,500 48,384 1,195,116 1.51
888868941 Candletree Apartments 8.14000 114 330 FIXED 2,085,534 1,029,845 131,878 923,811 1.32
888868934 123 West 44th Street 8.20000 113 330 FIXED 1,994,656 1,002,332 48,285 944,039 1.35
885051015 Wisconsin Rapids - Int'l Paper 8.77000 114 300 FIXED 182,280 9,114 5,400 167,766 1.43
888868897 Mark Twain 8.14000 112 300 FIXED 1,541,825 646,628 75,802 819,395 1.30
888868900 220 East 22nd Street 8.14000 113 330 FIXED 1,720,169 873,888 47,244 799,037 1.31
888868923 Hunter Mill Plaza 7.84000 112 300 FIXED 1,122,782 239,817 28,974 853,991 1.35
888868968 Sierra Townhomes 7.71500 114 360 FIXED 1,299,067 536,770 45,344 716,953 1.37
888868940 Woodstream-Greentree Apartments 7.89000 77 330 FIXED 1,490,185 786,260 78,650 625,275 1.33
888868969 Kings Point Plaza 9.01500 114 300 FIXED 1,066,008 312,642 22,850 730,516 1.35
888868964 Gardner Street Apartments 7.76500 79 300 FIXED 1,128,135 529,506 26,880 571,749 1.25
888868899 210 East 22nd Street 8.14000 113 330 FIXED 1,211,849 592,714 36,520 582,615 1.30
888868949 Shops of Dunwoody 8.14000 112 300 FIXED 951,657 282,183 6,970 662,504 1.33
888868930 Yarn Mill 7.99000 113 360 FIXED 936,297 389,004 24,600 522,693 1.29
888868965 Fox Meadows 7.77500 114 330 FIXED 1,325,778 735,907 60,300 529,571 1.30
888868966 Windtree I & II Apartments 8.01500 115 330 FIXED 1,250,211 657,972 87,768 504,471 1.34
888868931 Duval Villa 8.01500 111 360 FIXED 972,946 394,868 26,085 551,993 1.43
888868954 Shoppes at Sawgrass Commons 8.14000 112 300 FIXED 795,802 216,490 10,561 568,751 1.39
885051014 Schofield Warehouse 8.77000 114 300 FIXED 1,502,168 707,108 28,150 766,910 1.80
888868885 Van Mark Apartments 7.97500 113 300 FIXED 824,691 318,744 28,800 477,147 1.33
888868892 Cedar Creek Apartments 8.01500 293 360 FIXED 683,443 230,222 18,800 434,421 1.25
888868971 Carroll Plaza Shopping Center 8.26500 78 300 FIXED 706,700 167,335 13,953 525,412 1.35
885051016 Quality Logistics 8.76500 79 300 FIXED 650,750 143,338 24,250 483,163 1.25
888868928 Cedar Ridge 7.89500 113 300 FIXED 949,354 410,054 44,770 494,530 1.41
888868921 Kid's Gap Building 8.01500 111 300 FIXED 605,896 106,770 7,571 491,555 1.37
888868961 Hacienda Healthcare 9.01500 78 300 FIXED 4,168,000 3,513,400 33,250 621,350 1.75
888868953 Sutton Park Apartments 7.89000 114 330 FIXED 1,339,083 839,973 83,232 415,878 1.36
888868959 Zelda Place Shopping Center 8.39000 114 330 FIXED 730,483 270,124 19,383 440,977 1.30
885051007 The Spanish Mission Apartments 8.12000 115 330 FIXED 877,141 414,975 46,050 416,116 1.37
888868922 Commerce Plaza 8.04000 112 300 FIXED 600,306 163,169 23,792 413,345 1.30
888868893 Blue River Apartments 7.87500 294 360 FIXED 602,733 233,022 15,600 354,111 1.27
888868865 Central High School 8.26500 295 360 FIXED 661,619 325,567 21,200 314,852 1.17
888830081 KMart Plaza 7.99000 111 300 FIXED 597,540 179,077 26,212 392,251 1.34
888868951 Hamilton Plaza West 8.26500 113 300 FIXED 739,213 302,291 8,563 428,359 1.38
888868942 Melody Place Apartments 8.14000 293 300 FIXED 887,543 511,549 39,360 336,634 1.23
888868898 Liberty West 8.14000 112 330 FIXED 808,550 401,709 37,000 369,841 1.41
888868914 Spencerwood Shopping Center 8.51500 111 300 FIXED 521,436 162,622 6,230 352,584 1.25
888868952 Brookshire Apartments 8.14000 114 330 FIXED 737,237 370,034 30,276 336,928 1.35
888868887 Terrace View VI 7.92900 112 330 FIXED 601,813 262,893 32,450 306,470 1.30
888868938 Kinsor Towers 9.01500 113 300 FIXED 860,221 506,381 38,400 315,440 1.31
888868902 1112 M Street 8.26500 112 330 FIXED 829,282 465,667 30,008 333,607 1.44
888868943 Lakeview Village Apartments 8.01500 114 330 FIXED 855,818 513,544 41,160 301,114 1.29
888868888 Mark Greenville Apartments 7.78000 112 330 FIXED 582,975 237,149 20,544 325,282 1.43
</TABLE>
Page 2 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Most Current
--------------------------------------------
Total Total Replacement NOI (NOI
Loan ID Property Name Property Type Revenue Expenses Reserves Reserves) DSCR
- --------- ------------------------------- ------------------ --------- --------- --------- --------- ----
<S> <S> <C> <C> <C> <C> <C> <C>
958032002 Huntington Office Center Office 665,516 341,209 11,168 324,307 1.43
958910006 Highland Club Apartments Multifamily 440,568 188,095 13,500 252,473 1.41
950307003 Garden Breeze Apartments Multifamily 465,092 239,105 47,628 225,987 1.46
950307011 Donna/Ventura Unanchored Shoppin 339,601 90,585 2,029 249,016 1.39
958509002 Morris Creek Apartments Multifamily 480,905 228,285 21,750 252,620 1.55
960307017 Fox Valley Apartments Multifamily 471,583 239,523 36,000 232,060 1.58
950304003 North Hills Tropicana Apartments Multifamily 491,471 259,835 17,250 231,636 1.73
958536001 Comfort Inn - Oklahoma City Hospitality 1,038,436 782,712 0 255,724 1.53
958007001 Deer Park Apartments Multifamily 325,629 154,469 11,250 171,160 1.44
950307013 Fallbrook/Saticoy Unanchored Shoppin 208,180 59,200 1,752 148,980 1.35
958910004 Summit Grove Apartments Multifamily 333,161 187,571 16,000 145,590 1.41
951201003 Shoppers Landing Unanchored Shoppin 170,063 60,739 2,515 109,323 1.38
950103002 Vernitron Building Industrial 333,126 27,533 9,254 305,593 1.28
888868929 Weavers Mill Multifamily 2,084,520 798,395 57,600 1,228,525 1.27
888868972 Cedar Springs Apartments Multifamily 2,140,617 842,260 89,488 1,208,869 1.28
888868896 Desert Springs Apartments Multifamily 2,140,617 842,260 89,488 1,208,869 1.28
888868901 33 Gold Street Multifamily 2,871,985 1,476,007 63,700 1,332,278 1.44
888868944 West Kentucky Outlet Center Retail 2,201,252 748,863 16,175 1,436,214 1.51
888868945 Rancho Vista Retirement and Health CeContinuum Care 5,510,000 4,266,500 48,384 1,195,116 1.51
888868941 Candletree Apartments Multifamily 2,085,534 1,029,845 131,878 923,811 1.32
888868934 123 West 44th Street Multifamily 1,994,656 1,002,332 48,285 944,039 1.35
885051015 Wisconsin Rapids - Int'l Paper Industrial 182,280 9,114 5,400 167,766 1.43
888868897 Mark Twain Multifamily 1,541,825 646,628 75,802 819,395 1.30
888868900 220 East 22nd Street Multifamily 1,720,169 873,888 47,244 799,037 1.31
888868923 Hunter Mill Plaza Retail 1,122,782 239,817 28,974 853,991 1.35
888868968 Sierra Townhomes Multifamily 1,299,067 536,770 45,344 716,953 1.37
888868940 Woodstream-Greentree Apartments Multifamily 1,490,185 786,260 78,650 625,275 1.33
888868969 Kings Point Plaza Retail 1,066,008 312,642 22,850 730,516 1.35
888868964 Gardner Street Apartments Multifamily 1,128,135 529,506 26,880 571,749 1.25
888868899 210 East 22nd Street Multifamily 1,211,849 592,714 36,520 582,615 1.30
888868949 Shops of Dunwoody Retail 951,657 282,183 6,970 662,504 1.33
888868930 Yarn Mill Multifamily 936,297 389,004 24,600 522,693 1.29
888868965 Fox Meadows Multifamily 1,325,778 735,907 60,300 529,571 1.30
888868966 Windtree I & II Apartments Multifamily 1,250,211 657,972 87,768 504,471 1.34
888868931 Duval Villa Multifamily 972,946 394,868 26,085 551,993 1.43
888868954 Shoppes at Sawgrass Commons Retail 795,802 216,490 10,561 568,751 1.39
885051014 Schofield Warehouse Industrial 1,502,168 707,108 28,150 766,910 1.80
888868885 Van Mark Apartments Multifamily 824,691 318,744 28,800 477,147 1.33
888868892 Cedar Creek Apartments Sec. 42 683,443 230,222 18,800 434,421 1.25
888868971 Carroll Plaza Shopping Center Retail 706,700 167,335 13,953 525,412 1.35
885051016 Quality Logistics Industrial 650,750 143,338 24,250 483,163 1.25
888868928 Cedar Ridge Multifamily 949,354 410,054 44,770 494,530 1.41
888868921 Kid's Gap Building Retail 605,896 106,770 7,571 491,555 1.37
888868961 Hacienda Healthcare Nursing 4,168,000 3,513,400 33,250 621,350 1.75
888868953 Sutton Park Apartments Multifamily 1,339,083 839,973 83,232 415,878 1.36
888868959 Zelda Place Shopping Center Retail 730,483 270,124 19,383 440,977 1.30
885051007 The Spanish Mission Apartments Multifamily 877,141 414,975 46,050 416,116 1.37
888868922 Commerce Plaza Retail 600,306 163,169 23,792 413,345 1.30
888868893 Blue River Apartments Sec. 42 602,733 233,022 15,600 354,111 1.27
888868865 Central High School Sec. 42 661,619 325,567 21,200 314,852 1.17
888830081 KMart Plaza Retail 597,540 179,077 26,212 392,251 1.34
888868951 Hamilton Plaza West Retail 739,213 302,291 8,563 428,359 1.38
888868942 Melody Place Apartments Sec. 42 887,543 511,549 39,360 336,634 1.23
888868898 Liberty West Multifamily 808,550 401,709 37,000 369,841 1.41
888868914 Spencerwood Shopping Center Retail 521,436 162,622 6,230 352,584 1.25
888868952 Brookshire Apartments Multifamily 737,237 370,034 30,276 336,928 1.35
888868887 Terrace View VI Multifamily 601,813 262,893 32,450 306,470 1.30
888868938 Kinsor Towers Multifamily 860,221 506,381 38,400 315,440 1.31
888868902 1112 M Street Multifamily 829,282 465,667 30,008 333,607 1.44
888868943 Lakeview Village Apartments Multifamily 855,818 513,544 41,160 301,114 1.29
888868888 Mark Greenville Apartments Multifamily 582,975 237,149 20,544 325,282 1.43
</TABLE>
Page 2 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Balance Terms as of Cut-Off Date Current Terms
-------------------------------- ------------------
Loan ID Property Name City State Balance Rate Term Amort Balance Rate
- --------- ----------------------------------- ----------- ----- ---------- ------- ---- ----- ------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
888868958 Palm Oasis Apartments Phoenix AZ 2,500,000 8.12500 25 360 2,488,317.40 8.12500
888868913 Discovery Zone Center Danbury CT 2,225,000 8.37500 10 300 2,204,632.39 8.62500
885051001 Village @ Eland Phoenixville PA 2,240,000 8.25000 7 300 2,226,196.98 8.25000
888868939 Huntington Retirement Hotel Torrance CA 2,100,000 9.12500 10 300 2,088,781.74 8.03000
888868925 Waples Mobile Home Park Fairfax VA 1,900,000 7.95000 10 300 1,883,508.35 7.95000
888868889 Royale Apartments Atlanta GA 1,900,000 7.89000 10 330 1,884,996.97 8.62500
888868976 Roebuck Shopping Center Birmingham AL 1,750,000 8.50000 10 300 1,739,644.30 8.50000
888868866 The Courtyard Grand Chute WI 1,752,000 8.37500 25 360 1,741,921.17 7.95900
888868936 Fiesta Del Norte Shopping Center Alberquerque NM 1,720,000 8.31000 10 300 1,705,906.91 8.25000
888868829 Stephenson Mill South Bend IN 1,615,000 8.12500 25 360 1,608,553.13 8.12500
888868860 2881-2883 Third Avenue Bronx NY 1,600,000 8.62500 10 300 1,589,137.18 8.12500
885051011 Angels for the Elderly Montgomery AL 1,514,000 8.87500 10 300 1,505,572.73 8.87500
888868927 Bull Run Mobile Home Park Manassas VA 1,500,000 7.95000 10 300 1,486,980.30 8.12500
888868891 Graystone Apartments San Marcus TX 1,500,000 8.62500 10 330 1,489,626.12 8.25000
888868962 Pinedale II Apartments Menomonie WI 1,460,000 8.12500 25 330 1,452,697.61 8.12500
888868920 Park East Apartments Las Vegas NV 1,378,000 8.28000 10 330 1,369,013.28 8.37500
888868916 1102-1130 Washington Street Boston MA 1,375,000 8.50000 10 300 1,362,664.01 8.25000
885051003 111 East 167th Street Bronx NY 1,350,000 8.50000 7 300 1,343,366.34 8.50000
888868917 Kendale Baltimore MD 1,356,000 8.25000 10 330 1,347,108.65 8.28000
888868859 Riverloft Reading PA 1,264,000 8.50000 10 330 1,258,101.57 8.50000
885051006 Peachtree Avenue Apartments Atlanta GA 1,400,000 8.00000 7 300 1,391,018.90 8.00000
888868947 Westgate Manor Apartments Amarillo TX 1,298,000 8.25000 10 330 1,290,578.47 8.25000
888868946 Omni Apartments Lubbock TX 1,295,000 8.25000 10 330 1,287,595.66 8.25000
888868963 St. Croix Apartments Woodville WI 1,140,000 8.12500 25 300 1,132,832.27 8.12500
888868919 Escondido Manor Apartments Las Vegas NV 1,022,000 8.28000 10 330 1,015,334.94 8.28000
888868967 Western Oaks Apartments Lubbock TX 1,026,000 8.12500 10 330 1,020,868.31 8.12500
888868915 101-109 State Street Boston MA 800,000 8.62500 10 300 793,770.16 8.50000
888830006 Rivertree Park Austin TX 830,000 8.78000 10 300 826,103.97 8.78000
885051013 Wisconsin Rapids - Public Warehouse Wisconsin Rapids WI 6,300,000 8.88000 10 300 6,264,961.52 8.88000
888868970 Castle Cove Garland TX 910,000 8.37500 10 240 899,461.23 8.37500
888868973 Pinecrest West Tallahassee FL 1,020,000 8.12500 10 330 1,014,904.18 8.12500
888868974 Morningstar Tallahassee FL 1,294,000 8.12500 10 330 1,287,535.31 8.12500
885051023 Hollyview Apartments Houston TX 4,450,000 8.30000 7 330 4,428,463.05 8.30000
885051024 Willowbend Apartments Houston TX 4,125,000 8.30000 7 330 4,105,035.94 8.30000
885051025 690 Gerard Avenue Bronx NY 1,482,000 8.50000 7 300 1,474,717.71 8.50000
885051021 Northwood Apartments Baltimore MD 5,550,000 8.50000 7 330 5,524,101.13 8.50000
885051020 Hampton House Apartments Baltimore County MD 3,900,000 8.25000 10 360 3,880,042.16 8.25000
TOTALS: 159 648,270,800 644,337,769.73
----------- --------------
</TABLE>
Page 3 of 3
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Current Terms As of Cut-Off Date
----------------- ---------------------------------------------------------
Eff. Total Total Replacement NOI (NOI
Loan ID Property Name Net Rate Term Amort Loan Type Revenue Expenses Reserves Reserves) DSCR
- -------- ----------------------------------- --------- ---- ----- --------- --------- --------- -------- ---------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
888868958 Palm Oasis Apartments 8.01500 294 360 FIXED 698,757 380,294 31,400 287,063 1.29
888868913 Discovery Zone Center 8.51500 111 300 FIXED 548,033 177,777 12,846 357,410 1.60
885051001 Village @ Eland 8.14000 78 300 FIXED 461,952 162,341 6,054 293,557 1.34
888868939 Huntington Retirement Hotel 7.92000 114 300 FIXED 2,280,000 1,509,500 30,774 739,726 3.46
888868925 Waples Mobile Home Park 7.84000 112 300 FIXED 520,661 179,477 7,144 334,040 1.91
888868889 Royale Apartments 8.51500 112 330 FIXED 523,260 269,440 23,760 230,060 1.36
888868976 Roebuck Shopping Center 8.39000 114 300 FIXED 331,544 68,077 9,875 253,592 1.35
888868866 The Courtyard 7.84900 292 360 FIXED 359,375 167,092 9,150 183,134 1.15
888868936 Fiesta Del Norte Shopping Center 8.14000 112 300 FIXED 409,427 121,971 18,353 269,102 1.49
888868829 Stephenson Mill 8.01500 295 360 FIXED 317,505 137,099 7,800 172,606 1.20
888868860 2881-2883 Third Avenue 8.01500 113 300 FIXED 484,567 249,958 4,850 229,758 1.43
885051011 Angels for the Elderly 8.68000 114 300 FIXED 798,285 578,414 12,000 207,871 1.38
888868927 Bull Run Mobile Home Park 8.01500 112 300 FIXED 558,003 212,718 4,650 340,635 2.46
888868891 Graystone Apartments 8.14000 112 330 FIXED 430,933 202,565 17,920 210,448 1.47
888868962 Pinedale II Apartments 8.01500 295 330 FIXED 309,342 127,028 10,500 171,814 1.29
888868920 Park East Apartments 8.26500 113 330 FIXED 387,268 193,751 19,594 173,923 1.37
888868916 1102-1130 Washington Street 8.14000 111 300 FIXED 333,043 113,802 4,561 214,680 1.42
885051003 111 East 167th Street 8.39000 79 300 FIXED 481,414 289,007 21,252 171,155 1.31
888868917 Kendale 8.17000 113 330 FIXED 521,193 335,912 22,000 163,281 1.31
888868859 Riverloft 8.39000 115 330 FIXED 454,701 276,477 20,145 158,080 1.33
885051006 Peachtree Avenue Apartments 7.89000 79 300 FIXED 401,114 207,853 13,600 179,661 1.39
888868947 Westgate Manor Apartments 8.14000 114 330 FIXED 578,410 369,047 40,896 168,467 1.41
888868946 Omni Apartments 8.14000 114 330 FIXED 435,994 246,935 25,800 163,259 1.37
888868963 St. Croix Apartments 8.01500 295 300 FIXED 239,030 93,001 7,000 139,029 1.30
888868919 Escondido Manor Apartments 8.17000 113 330 FIXED 296,335 147,330 15,120 133,885 1.42
888868967 Western Oaks Apartments 8.01500 115 330 FIXED 316,036 171,782 18,957 125,297 1.34
888868915 101-109 State Street 8.39000 112 300 FIXED 335,380 199,079 5,552 130,749 1.35
888830006 Rivertree Park 8.67000 115 300 FIXED 225,958 95,993 9,962 120,003 1.46
885051013 Wisconsin Rapids - Public Warehouse 8.77000 114 300 FIXED 2,805,246 1,399,262 47,250 1,358,734 2.12
888868970 Castle Cove 8.26500 114 240 FIXED 299,774 137,013 16,560 146,201 1.56
888868973 Pinecrest West 8.01500 115 330 FIXED 273,093 133,097 14,784 125,212 1.35
888868974 Morningstar 8.01500 115 330 FIXED 333,489 150,668 16,917 165,905 1.41
885051023 Hollyview Apartments 8.15500 79 330 FIXED 1,470,206 855,959 65,600 548,647 1.33
885051024 Willowbend Apartments 8.15500 79 330 FIXED 1,454,200 904,743 66,600 482,857 1.27
885051025 690 Gerard Avenue 8.39000 79 300 FIXED 507,294 292,624 28,080 186,589 1.30
885051021 Northwood Apartments 8.35500 79 330 FIXED 1,884,169 1,025,843 97,750 760,576 1.46
885051020 Hampton House Apartments 8.10500 115 360 FIXED 1,678,273 1,154,521 42,640 481,112 1.37
</TABLE>
Page 3 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART A
<CAPTION>
Most Current
--------------------------------------------
Total Total Replacement NOI (NOI
Loan ID Property Name Property Type Revenue Expenses Reserves Reserves) DSCR
- --------- ------------------------------- ------------------ --------- --------- --------- --------- ----
<S> <S> <C> <C> <C> <C> <C> <C>
888868958 Palm Oasis Apartments Sec. 42 698,757 380,294 31,400 287,063 1.29
888868913 Discovery Zone Center Retail 548,033 177,777 12,846 357,410 1.60
885051001 Village @ Eland Retail 461,952 162,341 6,054 293,557 1.34
888868939 Huntington Retirement Hotel Assisted Living 2,280,000 1,509,500 30,774 739,726 3.46
888868925 Waples Mobile Home Park Mobile Home 520,661 179,477 7,144 334,040 1.91
888868889 Royale Apartments Multifamily 523,260 269,440 23,760 230,060 1.36
888868976 Roebuck Shopping Center Retail 331,544 68,077 9,875 253,592 1.35
888868866 The Courtyard Sec. 42 359,375 167,092 9,150 183,134 1.15
888868936 Fiesta Del Norte Shopping Center Retail 409,427 121,971 18,353 269,102 1.49
888868829 Stephenson Mill Sec. 42 317,505 137,099 7,800 172,606 1.20
888868860 2881-2883 Third Avenue Retail 484,567 249,958 4,850 229,758 1.43
885051011 Angels for the Elderly Assisted Living 798,285 578,414 12,000 207,871 1.38
888868927 Bull Run Mobile Home Park Mobile Home 558,003 212,718 4,650 340,635 2.46
888868891 Graystone Apartments Multifamily 430,933 202,565 17,920 210,448 1.47
888868962 Pinedale II Apartments Sect 42 309,342 127,028 10,500 171,814 1.29
888868920 Park East Apartments Multifamily 387,268 193,751 19,594 173,923 1.37
888868916 1102-1130 Washington Street Retail 333,043 113,802 4,561 214,680 1.42
885051003 111 East 167th Street Multifamily 481,414 289,007 21,252 171,155 1.31
888868917 Kendale Multifamily 521,193 335,912 22,000 163,281 1.31
888868859 Riverloft Multifamily 454,701 276,477 20,145 158,080 1.33
885051006 Peachtree Avenue Apartments Multifamily 401,114 207,853 13,600 179,661 1.39
888868947 Westgate Manor Apartments Multifamily 578,410 369,047 40,896 168,467 1.41
888868946 Omni Apartments Multifamily 435,994 246,935 25,800 163,259 1.37
888868963 St. Croix Apartments Sect 42 239,030 93,001 7,000 139,029 1.30
888868919 Escondido Manor Apartments Multifamily 296,335 147,330 15,120 133,885 1.42
888868967 Western Oaks Apartments Multifamily 316,036 171,782 18,957 125,297 1.34
888868915 101-109 State Street Office 335,380 199,079 5,552 130,749 1.35
888830006 Rivertree Park Multifamily 225,958 95,993 9,962 120,003 1.46
885051013 Wisconsin Rapids - Public Warehouse Industrial 2,805,246 1,399,262 47,250 1,358,734 2.12
888868970 Castle Cove Multifamily 299,774 137,013 16,560 146,201 1.56
888868973 Pinecrest West Multifamily 273,093 133,097 14,784 125,212 1.35
888868974 Morningstar Multifamily 333,489 150,668 16,917 165,905 1.41
885051023 Hollyview Apartments Multifamily 1,470,206 855,959 65,600 548,647 1.33
885051024 Willowbend Apartments Multifamily 1,454,200 904,743 66,600 482,857 1.27
885051025 690 Gerard Avenue Multifamily 507,294 292,624 28,080 186,589 1.30
885051021 Northwood Apartments Multifamily 1,884,169 1,025,843 97,750 760,576 1.46
885051020 Hampton House Apartments Multifamily 1,678,273 1,154,521 42,640 481,112 1.37
</TABLE>
Page 3 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
Retail Properties Lease
--------------------------------------------------
Appraised Appraisal Appaised Occupancy/ Occupancy Largest Tenant Tenant %
Loan ID Value Year LTV Percentage as of Date Largest Retail Tenant Name Sq. Ft. of Property
- --------- --------------- -------- ------ --------- ---------- ---------------------------- -------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
950304001 $32,140,000.00 09/19/95 74.98% 97.18 N/A Edwards Theatre 31,695 10.98%
950304004 $22,500,000.00 10/14/95 75.00% 99.29 N/A Price Rite 60,560 35.77%
960307016 $18,860,000.00 01/22/96 79.53% 98.12 N/A N/A N/A N/A
968517001 $14,600,000.00 73.97% 95.65 N/A Kroger 37.27%
950102002 $12,900,000.00 10/20/95 79.07% 91.67 N/A N/A N/A N/A
950204006 $15,450,000.00 11/15/95 64.72% 90.35 N/A Food 4 Less 34.66%
950307009 $12,860,000.00 12/01/95 0.00% 87.33 N/A N/A N/A N/A
968530001 $12,000,000.00 02/09/96 70.83% 81.77 N/A Fleming Food 23.70%
958543010 $10,600,000.00 01/04/96 80.00% 96.57 N/A N/A N/A N/A
950305003 $11,300,000.00 10/31/95 71.68% 100.00 N/A The Gap 18,000 25.39%
958406001 $10,900,000.00 08/05/95 73.39% 96.84 N/A N/A N/A N/A
952007001 $10,600,000.00 11/21/95 71.70% 100.00 N/A Bed, Bath & Beyond 50,028 62.51%
958412001 $9,700,000.00 12/01/95 75.00% 98.16 N/A Troutman Emporium 26.09%
950307008 $3,900,000.00 11/20/95 79.49% 79.05 N/A G.L. Perry 19,760 12.85%
968501002 $2,035,000.00 01/16/96 79.00% 97.64 N/A N/A N/A N/A
958543007 $8,800,000.00 12/14/95 80.00% 91.14 N/A N/A N/A N/A
950307014 $9,825,000.00 12/28/95 71.25% 90.60 N/A Hometown Buffet 15.47%
950307006 $7,800,000.00 12/01/95 75.00% 94.53 N/A N/A N/A N/A
950205002 $7,250,000.00 10/25/95 80.00% 98.75 N/A N/A N/A N/A
958910009 $7,700,000.00 01/10/96 75.32% 99.57 N/A N/A N/A N/A
958538004 $7,400,000.00 11/27/95 74.32% 86.15 N/A Foodland (1) 45,500 36.11%
958528001 $7,300,000.00 10/25/95 75.00% 98.75 N/A Petsmart 24,034 33.31%
958528003 $7,800,000.00 01/08/96 71.15% 94.20 N/A KDGO Holdings 13.76%
952007003 $6,100,000.00 12/15/95 78.52% 92.51 N/A N/A N/A N/A
950506001 $6,690,000.00 11/01/95 74.74% 100.00 N/A Qualcomm 45,133 39.42%
950103001 $6,300,000.00 12/05/95 79.37% 98.60 N/A N/A N/A N/A
958530003 $7,800,000.00 01/01/96 64.10% 88.29 N/A Reebok 31.61%
950307010 $6,965,000.00 12/01/95 71.07% 94.51 N/A N/A N/A N/A
952007002 $6,800,000.00 12/15/95 74.26% 91.72 N/A N/A N/A N/A
968510002 $7,800,000.00 02/05/96 62.18% 0.00 N/A N/A N/A N/A
958505002 $6,500,000.00 09/25/95 68.81% 98.03 N/A Dress Barn 5,016 8.20%
958528002 $5,800,000.00 01/18/96 74.57% 98.39 N/A Von's Grocery 54.99%
958910008 $5,300,000.00 12/29/95 79.85% 98.46 N/A N/A N/A N/A
952007005 $5,180,000.00 12/14/95 76.83% 90.10 N/A N/A N/A N/A
950204005 $5,250,000.00 06/15/95 74.99% 100.00 N/A City of Long Beach 16.75%
950101001 $5,000,000.00 06/15/95 73.60% 100.00 N/A Aetrium Inc. 41,610 45.42%
958010001 $5,570,000.00 10/06/95 65.53% 94.51 N/A Revco 12,000 19.34%
958543011 $4,420,000.00 01/04/96 79.19% 95.83 N/A N/A N/A N/A
950307005 $4,250,000.00 11/22/95 80.00% 89.42 N/A N/A N/A N/A
950307004 $4,820,000.00 11/20/95 68.46% 98.80 N/A N/A N/A N/A
950307002 $9,050,000.00 12/04/95 80.00% 94.78 N/A N/A N/A N/A
958535001 $4,300,000.00 12/31/95 67.20% 100.00 N/A Bed, Bath & Beyond 50,028 134.43%
950307007 $3,600,000.00 12/01/95 73.06% 96.40 N/A N/A N/A N/A
958543005 $3,400,000.00 10/26/95 75.00% 97.00 N/A N/A N/A N/A
950307001 $3,100,000.00 11/22/95 80.00% 96.67 N/A N/A N/A N/A
950307012 $3,500,000.00 11/03/95 70.00% 91.84 N/A GDP Corp/Kinko's 3,602 14.45%
958531002 $3,000,000.00 09/08/95 75.00% 96.40 N/A Furr's So-Lo Food Store 47,677 69.56%
958505006 $2,800,000.00 01/04/96 80.00% 95.68 N/A N/A N/A N/A
950903001 $2,860,000.00 10/30/95 78.67% 97.01 N/A N/A N/A N/A
958447002 $3,120,000.00 06/08/95 70.51% 94.93 N/A N/A N/A N/A
958910005 $2,760,000.00 11/21/95 79.71% 97.78 N/A N/A N/A N/A
958543008 $2,700,000.00 12/14/95 80.00% 97.92 N/A N/A N/A N/A
968503001 $2,950,000.00 02/01/96 74.58% 94.87 N/A N/A N/A N/A
958543009 $3,200,000.00 01/04/96 70.31% 0.00 N/A N/A N/A N/A
968510001 $2,600,000.00 01/30/96 76.92% 92.98 N/A N/A N/A N/A
958007002 $2,600,000.00 10/05/95 73.27% 0.00 N/A Margarita's (Kukai) 8,500 14.75%
958910007 $2,395,000.00 11/14/95 79.33% 96.77 N/A N/A N/A N/A
951302001 $3,600,000.00 09/07/95 70.60% 100.00 N/A G.L. Perry 19,760 33.12%
952007004 $2,530,000.00 10/16/95 74.31% 97.22 N/A N/A N/A N/A
958509003 $3,100,000.00 10/12/95 59.68% 97.87 N/A N/A N/A N/A
</TABLE>
Page 1 of 3
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
As of Cut-off Date
-----------------------
Expiration Cumulative % of Date of Times Delinquent Times Delinquent Times Delinquent
Loan ID Date Pool as of Cutoff Modification Status 30 Days 60 Days 90 Days
- --------- ---------- ----------------- ------------ ------ ------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
950304001 05/31/2011 3.72% N/A N/A N/A N/A N/A
950304004 12/31/2006 2.60% N/A N/A N/A N/A N/A
960307016 N/A 2.32% N/A N/A N/A N/A N/A
968517001 02/01/16 1.67% N/A N/A N/A N/A N/A
950102002 N/A 1.57% N/A N/A N/A N/A N/A
950204006 11/01/20 1.54% N/A N/A N/A N/A N/A
950307009 N/A 1.52% N/A N/A N/A N/A N/A
968530001 07/31/10 1.31% N/A N/A N/A N/A N/A
958543010 N/A 1.31% N/A N/A N/A N/A N/A
950305003 01/31/2005 1.25% N/A N/A N/A N/A N/A
958406001 N/A 1.23% N/A N/A N/A N/A N/A
952007001 08/14/2010 1.17% N/A N/A N/A N/A N/A
958412001 02/28/99 1.12% N/A N/A N/A N/A N/A
950307008 07/31/2000 0.48% N/A N/A N/A N/A N/A
968501002 N/A 0.25% N/A N/A N/A N/A N/A
958543007 N/A 1.09% N/A N/A N/A N/A N/A
950307014 06/08/14 1.08% N/A N/A N/A N/A N/A
950307006 N/A 0.90% N/A N/A N/A N/A N/A
950205002 N/A 0.89% N/A N/A N/A N/A N/A
958910009 N/A 0.90% N/A N/A N/A N/A N/A
958538004 11/30/2004 0.85% N/A N/A N/A N/A N/A
958528001 11/30/2006 0.84% N/A N/A N/A N/A N/A
958528003 08/31/96 0.86% N/A N/A N/A N/A N/A
952007003 N/A 0.74% N/A N/A N/A N/A N/A
950506001 01/31/1998 0.77% N/A N/A N/A N/A N/A
950103001 N/A 0.77% N/A N/A N/A N/A N/A
958530003 05/31/00 0.77% N/A N/A N/A N/A N/A
950307010 N/A 0.76% N/A N/A N/A N/A N/A
952007002 N/A 0.78% N/A N/A N/A N/A N/A
968510002 N/A 0.75% N/A N/A N/A N/A N/A
958505002 12/31/2000 0.69% N/A N/A N/A N/A N/A
958528002 06/01/09 0.67% N/A N/A N/A N/A N/A
958910008 N/A 0.65% N/A N/A N/A N/A N/A
952007005 N/A 0.61% N/A N/A N/A N/A N/A
950204005 09/30/98 0.61% N/A N/A N/A N/A N/A
950101001 07/14/1999 0.57% N/A N/A N/A N/A N/A
958010001 04/30/2006 0.56% N/A N/A N/A N/A N/A
958543011 N/A 0.54% N/A N/A N/A N/A N/A
950307005 N/A 0.52% N/A N/A N/A N/A N/A
950307004 N/A 0.51% N/A N/A N/A N/A N/A
950307002 N/A 1.12% N/A N/A N/A N/A N/A
958535001 08/14/2010 0.45% N/A N/A N/A N/A N/A
950307007 N/A 0.41% N/A N/A N/A N/A N/A
958543005 N/A 0.39% N/A N/A N/A N/A N/A
950307001 N/A 0.38% N/A N/A N/A N/A N/A
950307012 03/31/1996 0.38% N/A N/A N/A N/A N/A
958531002 01/14/2009 0.35% N/A N/A N/A N/A N/A
958505006 N/A 0.35% N/A N/A N/A N/A N/A
950903001 N/A 0.35% N/A N/A N/A N/A N/A
958447002 N/A 0.34% N/A N/A N/A N/A N/A
958910005 N/A 0.34% N/A N/A N/A N/A N/A
958543008 N/A 0.33% N/A N/A N/A N/A N/A
968503001 N/A 0.34% N/A N/A N/A N/A N/A
958543009 N/A 0.35% N/A N/A N/A N/A N/A
968510001 N/A 0.31% N/A N/A N/A N/A N/A
958007002 12/31/2000 0.29% N/A N/A N/A N/A N/A
958910007 N/A 0.29% N/A N/A N/A N/A N/A
951302001 07/31/2000 0.39% N/A N/A N/A N/A N/A
952007004 N/A 0.29% N/A N/A N/A N/A N/A
958509003 N/A 0.28% N/A N/A N/A N/A N/A
</TABLE>
Page 1 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
Specially In In
Loan ID Serviced Workout/ Modification Foreclosure Bankruptcy REO
- --------- --------- --------------------- ----------- ---------- ---
<S> <C> <C> <C> <C> <C>
950304001 N/A N/A N/A N/A N/A
950304004 N/A N/A N/A N/A N/A
960307016 N/A N/A N/A N/A N/A
968517001 N/A N/A N/A N/A N/A
950102002 N/A N/A N/A N/A N/A
950204006 N/A N/A N/A N/A N/A
950307009 N/A N/A N/A N/A N/A
968530001 N/A N/A N/A N/A N/A
958543010 N/A N/A N/A N/A N/A
950305003 N/A N/A N/A N/A N/A
958406001 N/A N/A N/A N/A N/A
952007001 N/A N/A N/A N/A N/A
958412001 N/A N/A N/A N/A N/A
950307008 N/A N/A N/A N/A N/A
968501002 N/A N/A N/A N/A N/A
958543007 N/A N/A N/A N/A N/A
950307014 N/A N/A N/A N/A N/A
950307006 N/A N/A N/A N/A N/A
950205002 N/A N/A N/A N/A N/A
958910009 N/A N/A N/A N/A N/A
958538004 N/A N/A N/A N/A N/A
958528001 N/A N/A N/A N/A N/A
958528003 N/A N/A N/A N/A N/A
952007003 N/A N/A N/A N/A N/A
950506001 N/A N/A N/A N/A N/A
950103001 N/A N/A N/A N/A N/A
958530003 N/A N/A N/A N/A N/A
950307010 N/A N/A N/A N/A N/A
952007002 N/A N/A N/A N/A N/A
968510002 N/A N/A N/A N/A N/A
958505002 N/A N/A N/A N/A N/A
958528002 N/A N/A N/A N/A N/A
958910008 N/A N/A N/A N/A N/A
952007005 N/A N/A N/A N/A N/A
950204005 N/A N/A N/A N/A N/A
950101001 N/A N/A N/A N/A N/A
958010001 N/A N/A N/A N/A N/A
958543011 N/A N/A N/A N/A N/A
950307005 N/A N/A N/A N/A N/A
950307004 N/A N/A N/A N/A N/A
950307002 N/A N/A N/A N/A N/A
958535001 N/A N/A N/A N/A N/A
950307007 N/A N/A N/A N/A N/A
958543005 N/A N/A N/A N/A N/A
950307001 N/A N/A N/A N/A N/A
950307012 N/A N/A N/A N/A N/A
958531002 N/A N/A N/A N/A N/A
958505006 N/A N/A N/A N/A N/A
950903001 N/A N/A N/A N/A N/A
958447002 N/A N/A N/A N/A N/A
958910005 N/A N/A N/A N/A N/A
958543008 N/A N/A N/A N/A N/A
968503001 N/A N/A N/A N/A N/A
958543009 N/A N/A N/A N/A N/A
968510001 N/A N/A N/A N/A N/A
958007002 N/A N/A N/A N/A N/A
958910007 N/A N/A N/A N/A N/A
951302001 N/A N/A N/A N/A N/A
952007004 N/A N/A N/A N/A N/A
958509003 N/A N/A N/A N/A N/A
</TABLE>
Page 1 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
Retail Properties Lease
--------------------------------------------------
Appraised Appraisal Appaised Occupancy/ Occupancy Largest Tenant Tenant %
Loan ID Value Year LTV Percentage as of Date Largest Retail Tenant Name Sq. Ft. of Property
- --------- --------------- -------- ------ --------- ---------- ---------------------------- -------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
958504001 $2,750,000.00 12/28/95 68.00% 0.00 N/A N/A N/A N/A
958032002 $2,400,000.00 09/28/95 75.00% 100.00 N/A Copy Tel 9,042 20.24%
958910006 $2,540,000.00 11/28/95 70.87% 97.49 N/A N/A N/A N/A
950307003 $2,800,000.00 11/27/95 64.29% 91.61 N/A N/A N/A N/A
950307011 $2,600,000.00 11/05/95 67.69% 100.00 N/A VP Dis Corp 2,000 14.79%
958509002 $2,600,000.00 12/01/95 61.54% 100.00 N/A N/A N/A N/A
960307017 $9,400,000.00 01/28/96 76.06% 99.69 N/A N/A N/A N/A
950304003 $2,000,000.00 09/12/95 75.00% 97.18 N/A N/A N/A N/A
958536001 $2,550,000.00 12/27/95 58.82% 0.00 N/A N/A N/A N/A
958007001 $1,600,000.00 10/05/95 80.00% 95.56 N/A N/A N/A N/A
950307013 $1,620,000.00 10/06/95 68.52% 90.00 N/A Amy Worell, D.V.M. 2,342 20.05%
958910004 $1,850,000.00 10/23/95 54.05% 99.48 N/A N/A N/A N/A
951201003 $1,300,000.00 12/06/95 57.69% 100.00 N/A Corbin Factory 4,148 31.33%
950103002 $3,450,000.00 11/16/95 71.01% 100.00 N/A Vernitron 100.00%
888868929 $14,800,000.00 08/24/95 73.82 97.60 N/A N/A N/A N/A
888868972 $14,750,000.00 08/08/95 72.88 92.00 N/A N/A N/A N/A
888868896 $14,750,000.00 08/08/95 72.88 92.00 N/A N/A N/A N/A
888868901 $16,400,000.00 10/13/95 61.28 100.00 N/A N/A N/A N/A
888868944 $16,600,000.00 05/01/95 57.83 97.10 N/A Bugle Boy 7,500 4.64%
888868945 $2,800,000.00 05/01/95 57.14 100.00 N/A Furniture King 60,000 123.71%
888868941 $10,500,000.00 11/08/95 74.29 92.05 N/A N/A N/A N/A
888868934 $11,000,000.00 10/13/95 70.00 100.00 N/A N/A N/A N/A
885051015 $1,920,000.00 03/01/96 61.20 100.00 N/A International Paper 54,000 100.00%
888868897 $9,225,000.00 10/01/95 73.71 94.02 N/A N/A N/A N/A
888868900 $11,600,000.00 10/02/95 56.90 100.00 N/A N/A N/A N/A
888868923 $9,200,000.00 12/08/95 69.08 92.09 N/A Blockbuster Video 4,181 9.81%
888868968 $7,650,000.00 10/11/95 78.43 99.04 N/A N/A N/A N/A
888868940 $8,100,000.00 09/19/95 64.20 78.10 N/A N/A N/A N/A
888868969 $6,400,000.00 12/08/95 74.64 90.00 N/A KP Famous Deli 4,995 6.34%
888868964 $6,800,000.00 11/07/95 73.53 97.00 N/A N/A N/A N/A
888868899 $7,000,000.00 10/02/95 69.29 100.00 N/A N/A N/A N/A
888868949 $6,500,000.00 12/03/95 74.62 99.50 N/A Joseph A. Banks 10,998 15.78%
888868930 $6,100,000.00 08/22/95 75.06 96.70 N/A N/A N/A N/A
888868965 $6,700,000.00 09/14/95 67.91 93.40 N/A N/A N/A N/A
888868966 $6,825,000.00 11/03/95 60.62 97.00 N/A N/A N/A N/A
888868931 $5,970,000.00 07/19/95 70.69 94.59 N/A N/A N/A N/A
888868954 $5,800,000.00 12/08/95 70.69 100.00 N/A Just For Feet 17,000 35.41%
885051014 $5,500,000.00 03/01/96 75.00 100.00 N/A Warehousing of Wisconsin 281,500 100.00%
888868885 $5,200,000.00 09/11/95 75.00 97.90 N/A N/A N/A N/A
888868892 $4,700,000.00 06/09/95 81.91 100.00 N/A N/A N/A N/A
888868971 $5,800,000.00 01/27/96 65.90 91.50 N/A Reliable Stores, Inc. 23,110 26.50%
885051016 $5,200,000.00 02/01/96 74.58 100.00 N/A Quality Logistics 242,500 100.00%
888868928 $5,000,000.00 10/20/95 75.00 97.52 N/A N/A N/A N/A
888868921 $6,800,000.00 11/01/95 52.94 100.00 N/A Barney's America, inc. 4,900 26.54%
888868961 $5,000,000.00 12/01/95 70.00 94.10 N/A N/A N/A N/A
888868953 $6,000,000.00 12/22/95 56.67 89.60 N/A N/A N/A N/A
888868959 $5,100,000.00 12/11/96 64.82 87.00 N/A The Madarian Chinese Restaurant 6,742 8.70%
885051007 $4,400,000.00 01/16/96 75.00 94.90 N/A N/A N/A N/A
888868922 $4,850,000.00 12/08/95 65.46 81.51 N/A Waterbedland 3,562 11.23%
888868893 $3,640,000.00 08/01/95 85.99 100.00 N/A N/A N/A N/A
888868865 $3,550,000.00 08/09/96 85.01 92.45 N/A N/A N/A N/A
888830081 $4,800,000.00 05/01/95 62.79 100.00 N/A KMart 82,911 63.12%
888868951 $5,050,000.00 12/12/95 59.41 100.00 N/A Ski Market 10,000 16.64%
888868942 $4,100,000.00 11/07/95 70.29 89.58 N/A N/A N/A N/A
888868898 $3,900,000.00 08/15/95 73.08 91.21 N/A N/A N/A N/A
888868914 $3,810,000.00 10/14/95 72.18 100.00 N/A Gerland's Food Fair 31,617 50.75%
888868952 $3,600,000.00 12/22/95 75.00 97.40 N/A N/A N/A N/A
888868887 $3,500,000.00 08/09/95 74.09 100.00 N/A N/A N/A N/A
888868938 $3,400,000.00 11/07/95 75.00 96.88 N/A N/A N/A N/A
888868902 $3,400,000.00 08/01/95 75.00 99.19 N/A N/A N/A N/A
888868943 $4,200,000.00 10/25/95 60.21 91.00 N/A N/A N/A N/A
</TABLE>
Page 2 of 3
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
As of Cut-off Date
-----------------------
Expiration Cumulative % of Date of Times Delinquent Times Delinquent Times Delinquent
Loan ID Date Pool as of Cutoff Modification Status 30 Days 60 Days 90 Days
- --------- ---------- ----------------- ------------ ------ ------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
958504001 N/A 0.29% N/A N/A N/A N/A N/A
958032002 11/30/1996 0.28% N/A N/A N/A N/A N/A
958910006 N/A 0.28% N/A N/A N/A N/A N/A
950307003 N/A 0.28% N/A N/A N/A N/A N/A
950307011 03/31/1998 0.27% N/A N/A N/A N/A N/A
958509002 N/A 0.25% N/A N/A N/A N/A N/A
960307017 N/A 1.10% N/A N/A N/A N/A N/A
950304003 N/A 0.23% N/A N/A N/A N/A N/A
958536001 N/A 0.23% N/A N/A N/A N/A N/A
958007001 N/A 0.20% N/A N/A N/A N/A N/A
950307013 11/30/2002 0.17% N/A N/A N/A N/A N/A
958910004 N/A 0.15% N/A N/A N/A N/A N/A
951201003 08/31/1996 0.12% N/A N/A N/A N/A N/A
950103002 01/30/00 0.38% N/A N/A N/A N/A N/A
888868929 N/A 1.68% N/A N/A N/A N/A N/A
888868972 N/A 1.66% N/A N/A N/A N/A N/A
888868896 N/A 1.66% N/A N/A N/A N/A N/A
888868901 N/A 1.55% N/A N/A N/A N/A N/A
888868944 8/31/97 1.48% N/A N/A N/A N/A N/A
888868945 6/30/09 0.25% N/A N/A N/A N/A N/A
888868941 N/A 1.20% N/A N/A N/A N/A N/A
888868934 N/A 1.19% N/A N/A N/A N/A N/A
885051015 1/0/00 0.18% N/A N/A N/A N/A N/A
888868897 N/A 1.05% N/A N/A N/A N/A N/A
888868900 N/A 1.02% N/A N/A N/A N/A N/A
888868923 10/31/00 0.98% N/A N/A N/A N/A N/A
888868968 N/A 0.93% N/A N/A N/A N/A N/A
888868940 N/A 0.80% N/A N/A N/A N/A N/A
888868969 8/31/05 0.74% N/A N/A N/A N/A N/A
888868964 N/A 0.77% N/A N/A N/A N/A N/A
888868899 N/A 0.75% N/A N/A N/A N/A N/A
888868949 1/31/03 0.75% N/A N/A N/A N/A N/A
888868930 N/A 0.71% N/A N/A N/A N/A N/A
888868965 N/A 0.70% N/A N/A N/A N/A N/A
888868966 N/A 0.64% N/A N/A N/A N/A N/A
888868931 N/A 0.65% N/A N/A N/A N/A N/A
888868954 2/28/10 0.63% N/A N/A N/A N/A N/A
885051014 1/0/00 0.64% N/A N/A N/A N/A N/A
888868885 N/A 0.60% N/A N/A N/A N/A N/A
888868892 N/A 0.59% N/A N/A N/A N/A N/A
888868971 5/1/98 0.59% N/A N/A N/A N/A N/A
885051016 1/0/00 0.60% N/A N/A N/A N/A N/A
888868928 N/A 0.58% N/A N/A N/A N/A N/A
888868921 1/31/03 0.55% N/A N/A N/A N/A N/A
888868961 N/A 0.54% N/A N/A N/A N/A N/A
888868953 N/A 0.52% N/A N/A N/A N/A N/A
888868959 4/30/00 0.51% N/A N/A N/A N/A N/A
885051007 N/A 0.51% N/A N/A N/A N/A N/A
888868922 2/29/96 0.49% N/A N/A N/A N/A N/A
888868893 N/A 0.48% N/A N/A N/A N/A N/A
888868865 N/A 0.47% N/A N/A N/A N/A N/A
888830081 11/30/11 0.46% N/A N/A N/A N/A N/A
888868951 4/30/96 0.46% N/A N/A N/A N/A N/A
888868942 N/A 0.44% N/A N/A N/A N/A N/A
888868898 N/A 0.44% N/A N/A N/A N/A N/A
888868914 8/1/07 0.42% N/A N/A N/A N/A N/A
888868952 N/A 0.42% N/A N/A N/A N/A N/A
888868887 N/A 0.40% N/A N/A N/A N/A N/A
888868938 N/A 0.39% N/A N/A N/A N/A N/A
888868902 N/A 0.39% N/A N/A N/A N/A N/A
888868943 N/A 0.39% N/A N/A N/A N/A N/A
</TABLE>
Page 2 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
Specially In In
Loan ID Serviced Workout/ Modification Foreclosure Bankruptcy REO
- --------- --------- --------------------- ----------- ---------- ---
<S> <C> <C> <C> <C> <C>
958504001 N/A N/A N/A N/A N/A
958032002 N/A N/A N/A N/A N/A
958910006 N/A N/A N/A N/A N/A
950307003 N/A N/A N/A N/A N/A
950307011 N/A N/A N/A N/A N/A
958509002 N/A N/A N/A N/A N/A
960307017 N/A N/A N/A N/A N/A
950304003 N/A N/A N/A N/A N/A
958536001 N/A N/A N/A N/A N/A
958007001 N/A N/A N/A N/A N/A
950307013 N/A N/A N/A N/A N/A
958910004 N/A N/A N/A N/A N/A
951201003 N/A N/A N/A N/A N/A
950103002 N/A N/A N/A N/A N/A
888868929 N/A N/A N/A N/A N/A
888868972 N/A N/A N/A N/A N/A
888868896 N/A N/A N/A N/A N/A
888868901 N/A N/A N/A N/A N/A
888868944 N/A N/A N/A N/A N/A
888868945 N/A N/A N/A N/A N/A
888868941 N/A N/A N/A N/A N/A
888868934 N/A N/A N/A N/A N/A
885051015 N/A N/A N/A N/A N/A
888868897 N/A N/A N/A N/A N/A
888868900 N/A N/A N/A N/A N/A
888868923 N/A N/A N/A N/A N/A
888868968 N/A N/A N/A N/A N/A
888868940 N/A N/A N/A N/A N/A
888868969 N/A N/A N/A N/A N/A
888868964 N/A N/A N/A N/A N/A
888868899 N/A N/A N/A N/A N/A
888868949 N/A N/A N/A N/A N/A
888868930 N/A N/A N/A N/A N/A
888868965 N/A N/A N/A N/A N/A
888868966 N/A N/A N/A N/A N/A
888868931 N/A N/A N/A N/A N/A
888868954 N/A N/A N/A N/A N/A
885051014 N/A N/A N/A N/A N/A
888868885 N/A N/A N/A N/A N/A
888868892 N/A N/A N/A N/A N/A
888868971 N/A N/A N/A N/A N/A
885051016 N/A N/A N/A N/A N/A
888868928 N/A N/A N/A N/A N/A
888868921 N/A N/A N/A N/A N/A
888868961 N/A N/A N/A N/A N/A
888868953 N/A N/A N/A N/A N/A
888868959 N/A N/A N/A N/A N/A
885051007 N/A N/A N/A N/A N/A
888868922 N/A N/A N/A N/A N/A
888868893 N/A N/A N/A N/A N/A
888868865 N/A N/A N/A N/A N/A
888830081 N/A N/A N/A N/A N/A
888868951 N/A N/A N/A N/A N/A
888868942 N/A N/A N/A N/A N/A
888868898 N/A N/A N/A N/A N/A
888868914 N/A N/A N/A N/A N/A
888868952 N/A N/A N/A N/A N/A
888868887 N/A N/A N/A N/A N/A
888868938 N/A N/A N/A N/A N/A
888868902 N/A N/A N/A N/A N/A
888868943 N/A N/A N/A N/A N/A
</TABLE>
Page 2 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
Retail Properties Lease
--------------------------------------------------
Appraised Appraisal Appaised Occupancy/ Occupancy Largest Tenant Tenant %
Loan ID Value Year LTV Percentage as of Date Largest Retail Tenant Name Sq. Ft. of Property
- --------- --------------- -------- ------ --------- ---------- ---------------------------- -------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
888868888 $3,350,000.00 09/02/95 75.01 99.00 N/A N/A N/A N/A
888868958 $3,200,000.00 12/13/95 78.13 95.00 N/A N/A N/A N/A
888868913 $3,900,000.00 07/26/95 57.05 93.10 N/A Boston Billiards 12,540 37.72%
885051001 $3,200,000.00 12/18/95 70.00 90.00 N/A The Epicurean 3,800 11.30%
888868939 $3,500,000.00 11/13/95 60.00 98.10 N/A N/A N/A N/A
888868925 $3,200,000.00 10/18/95 59.38 88.56 N/A N/A N/A N/A
888868889 $2,600,000.00 09/11/95 73.08 98.10 N/A N/A N/A N/A
888868976 $3,200,000.00 01/19/96 54.69 93.00 N/A Showbiz Pizza Time, Inc. 12,500 31.65%
888868866 $2,150,000.00 08/02/95 81.49 98.40 N/A N/A N/A N/A
888868936 $2,600,000.00 11/16/95 66.15 92.00 N/A Pier One 8,352 15.88%
888868829 $1,900,000.00 08/09/96 85.00 84.60 N/A N/A N/A N/A
888868860 $11,600,000.00 09/01/95 68.97 94.10 N/A N/A N/A N/A
885051011 $2,200,000.00 01/19/96 68.82 97.00 N/A N/A N/A N/A
888868927 $3,600,000.00 10/05/95 41.67 97.65 N/A N/A N/A N/A
888868891 $2,150,000.00 09/18/95 69.77 87.50 N/A N/A N/A N/A
888868962 $1,950,000.00 10/09/95 74.87 100.00 N/A N/A N/A N/A
888868920 $1,950,000.00 08/31/95 70.67 98.96 N/A N/A N/A N/A
888868916 $2,000,000.00 08/16/95 68.75 100.00 N/A Mings Supermarket, Inc. 18,668 65.48%
885051003 $1,800,000.00 01/03/96 75.00 100.00 N/A N/A N/A N/A
888868917 $2,100,000.00 10/01/95 64.57 93.03 N/A N/A N/A N/A
888868859 $1,750,000.00 08/14/95 72.23 98.73 N/A N/A N/A N/A
885051006 $2,100,000.00 01/11/96 66.67 93.30 N/A N/A N/A N/A
888868947 $3,000,000.00 11/03/95 43.27 94.00 N/A N/A N/A N/A
888868946 $2,485,000.00 11/17/95 52.11 94.00 N/A N/A N/A N/A
888868963 $1,425,000.00 10/09/95 80.00 100.00 N/A N/A N/A N/A
888868919 $1,500,000.00 10/08/95 68.13 98.40 N/A N/A N/A N/A
888868967 $1,620,000.00 11/17/95 63.33 93.00 N/A N/A N/A N/A
888868915 $1,800,000.00 08/11/95 44.44 100.00 N/A Trafalgar Financial Services 4,150 19.81%
888830006 $1,175,000.00 08/30/95 70.64 100.00 N/A N/A N/A N/A
885051013 $10,000,000.00 03/01/96 63.00 100.00 N/A Warehousing of Wisconsin 378,125 80.03%
888868970 $1,250,000.00 11/03/95 72.80 99.00 N/A N/A N/A N/A
888868973 $1,360,000.00 09/18/96 75.00 92.00 N/A N/A N/A N/A
888868974 $1,725,000.00 09/18/96 75.01 95.00 N/A N/A N/A N/A
885051023 $6,050,000.00 11/28/95 73.55 93.00 N/A N/A N/A N/A
885051024 $5,800,000.00 11/28/95 71.12 95.00 N/A N/A N/A N/A
885051025 $1,950,000.00 01/03/96 76.00 98.58 N/A N/A N/A N/A
885051021 $9,000,000.00 02/21/96 61.67 95.50 N/A N/A N/A N/A
885051020 $6,800,000.00 01/10/96 57.35 83.80 N/A N/A N/A N/A
$912,220,000.00
TOTALS: 159
</TABLE>
Page 3 of 3
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
As of Cut-off Date
-----------------------
Expiration Cumulative % of Date of Times Delinquent Times Delinquent Times Delinquent
Loan ID Date Pool as of Cutoff Modification Status 30 Days 60 Days 90 Days
- --------- ---------- ----------------- ------------ ------ ------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
888868888 N/A 0.39% N/A N/A N/A N/A N/A
888868958 N/A 0.39% N/A N/A N/A N/A N/A
888868913 6/30/09 0.34% N/A N/A N/A N/A N/A
885051001 12/1/99 0.35% N/A N/A N/A N/A N/A
888868939 N/A 0.32% N/A N/A N/A N/A N/A
888868925 N/A 0.29% N/A N/A N/A N/A N/A
888868889 N/A 0.29% N/A N/A N/A N/A N/A
888868976 12/31/97 0.27% N/A N/A N/A N/A N/A
888868866 N/A 0.27% N/A N/A N/A N/A N/A
888868936 8/31/98 0.26% N/A N/A N/A N/A N/A
888868829 N/A 0.25% N/A N/A N/A N/A N/A
888868860 N/A 1.23% N/A N/A N/A N/A N/A
885051011 N/A 0.23% N/A N/A N/A N/A N/A
888868927 N/A 0.23% N/A N/A N/A N/A N/A
888868891 N/A 0.23% N/A N/A N/A N/A N/A
888868962 N/A 0.23% N/A N/A N/A N/A N/A
888868920 N/A 0.21% N/A N/A N/A N/A N/A
888868916 5/31/00 0.21% N/A N/A N/A N/A N/A
885051003 N/A 0.21% N/A N/A N/A N/A N/A
888868917 N/A 0.21% N/A N/A N/A N/A N/A
888868859 N/A 0.20% N/A N/A N/A N/A N/A
885051006 N/A 0.22% N/A N/A N/A N/A N/A
888868947 N/A 0.20% N/A N/A N/A N/A N/A
888868946 N/A 0.20% N/A N/A N/A N/A N/A
888868963 N/A 0.18% N/A N/A N/A N/A N/A
888868919 N/A 0.16% N/A N/A N/A N/A N/A
888868967 N/A 0.16% N/A N/A N/A N/A N/A
888868915 12/31/99 0.12% N/A N/A N/A N/A N/A
888830006 N/A 0.13% N/A N/A N/A N/A N/A
885051013 1/0/00 0.97% N/A N/A N/A N/A N/A
888868970 N/A 0.14% N/A N/A N/A N/A N/A
888868973 N/A 0.16% N/A N/A N/A N/A N/A
888868974 N/A 0.20% N/A N/A N/A N/A N/A
885051023 N/A 0.69% N/A N/A N/A N/A N/A
885051024 N/A 0.64% N/A N/A N/A N/A N/A
885051025 N/A 0.23% N/A N/A N/A N/A N/A
885051021 N/A 0.86% N/A N/A N/A N/A N/A
885051020 N/A 0.60% N/A N/A N/A N/A N/A
</TABLE>
Page 3 of 3 (continued)
<PAGE>
<TABLE>
FORM OF UPDATED MORTGAGE LOAN SCHEDULE PART B
<CAPTION>
Specially In In
Loan ID Serviced Workout/ Modification Foreclosure Bankruptcy REO
- --------- --------- --------------------- ----------- ---------- ---
<S> <C> <C> <C> <C> <C>
888868888 N/A N/A N/A N/A N/A
888868958 N/A N/A N/A N/A N/A
888868913 N/A N/A N/A N/A N/A
885051001 N/A N/A N/A N/A N/A
888868939 N/A N/A N/A N/A N/A
888868925 N/A N/A N/A N/A N/A
888868889 N/A N/A N/A N/A N/A
888868976 N/A N/A N/A N/A N/A
888868866 N/A N/A N/A N/A N/A
888868936 N/A N/A N/A N/A N/A
888868829 N/A N/A N/A N/A N/A
888868860 N/A N/A N/A N/A N/A
885051011 N/A N/A N/A N/A N/A
888868927 N/A N/A N/A N/A N/A
888868891 N/A N/A N/A N/A N/A
888868962 N/A N/A N/A N/A N/A
888868920 N/A N/A N/A N/A N/A
888868916 N/A N/A N/A N/A N/A
885051003 N/A N/A N/A N/A N/A
888868917 N/A N/A N/A N/A N/A
888868859 N/A N/A N/A N/A N/A
885051006 N/A N/A N/A N/A N/A
888868947 N/A N/A N/A N/A N/A
888868946 N/A N/A N/A N/A N/A
888868963 N/A N/A N/A N/A N/A
888868919 N/A N/A N/A N/A N/A
888868967 N/A N/A N/A N/A N/A
888868915 N/A N/A N/A N/A N/A
888830006 N/A N/A N/A N/A N/A
885051013 N/A N/A N/A N/A N/A
888868970 N/A N/A N/A N/A N/A
888868973 N/A N/A N/A N/A N/A
888868974 N/A N/A N/A N/A N/A
885051023 N/A N/A N/A N/A N/A
885051024 N/A N/A N/A N/A N/A
885051025 N/A N/A N/A N/A N/A
885051021 N/A N/A N/A N/A N/A
885051020 N/A N/A N/A N/A N/A
</TABLE>
Page 3 of 3 (continued)
<PAGE>
