SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 15, 1996 February 15, 1996
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
(Exact name of Registrant as specified in its charter)
California 33-23781 95-1060502
- ---------- -------- ----------
(State (Commission File (IRS Employer
or other Number) Identification
jurisdiction of No.)
incorporation)
1150 South Olive Street
Los Angeles, California (90015)
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (213) 742-4000
<PAGE>
Item 5. Other Events
On February 15, 1996, the Registrant, as servicer of the trust fund (the
"Trust Fund") created under the Pooling and Servicing Agreement (the
"Agreement") dated as of May 22, 1989 between Registrant and Security Pacific
National Trust Company (New York), as trustee, made a monthly distribution of
principal and interest from the Trust Fund to the holders of Registrant's Senior
Commercial Mortgage Pass-Through Certificates, Series 1989-1.
Registrant hereby files the attached Distribution Date Statement, dated
February 15, 1996, prepared by Registrant and sent to the Trustee as required
by Section 4.01(i) of the Agreement.
Item 7. Financial Statements and Exhibits
The following exhibit is filed as part of this report:
Number Exhibit
1. Distribution Date Statement (for the February 15,
1996 distribution to Senior Certificateholders)
dated February 15, 1996.
<PAGE>
S I G N A T U R E
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
By Alan T. Cummingham
Alan T. Cunningham
Vice President and
Deputy General Counsel
February 11, 1996
<PAGE>
EXHIBIT 1
<PAGE>
<TABLE>
<CAPTION>
Distribution Date: 15-Feb-96 TRANSAMERICA OCCIDENTAL
Monthly Cut-Off Date: 31-Jan-96 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICA
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Mortgage Payments Report (i)(ii)(iii)
(ii) (i)A (i)B (i)A
2nd Preceding Monthly Cut-Off: Preceding Distribution Period Payments
2nd Senior (1) Senior (2) Credited to Mortgage Loan Payment Record
Preceding Mortgage Mortgage |--------------------------------------
Monthly Principal Principal Scheduled 3.03c i 3.03c ii 3.03c i
Cut-Off Balance Balance Scheduled Balloon Scheduled Net Prepayment
Loan Net Principal (before (iii)(after (iii) Principal Amounts Principal Interest Principal
Number Coupon Balance of SMPB) of SMPB) Due Due Received Received Received
---------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
17147748 13.15775 33,650,897 28,873,470 28,873,470 62,725 0 56,084 217,077 0
---------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
122753 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
124366 9.8750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
124896 9.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
127579 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
128290 10.7500% 1,252,159.47 0.00 0.00 1,120.94 0.00 1,120.94 11,217.26 0.00
128335 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
128537 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
128584 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
128687 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
128688 9.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
128703 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
128940 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
129142 9.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
129155 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
129204 9.6000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
129385 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
129447 9.5500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130035 9.6000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130326 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130338 9.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130362 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130415 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130422 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130534 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130539 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130669 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130779 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130796 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130836 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
130856 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
131925 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
131930 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
132055 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
132192 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
133066 9.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
133125 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
<PAGE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
133126 9.1250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
133133 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
133190 9.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
133195 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
133511 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
134247 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
134248 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
134249 9.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135072 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135073 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135074 9.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135104 9.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135106 9.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135127 10.0000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135133 9.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135242 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135243 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135244 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135246 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135247 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135249 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135250 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135252 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135253 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135254 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135255 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135256 9.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135257 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135259 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135370 10.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135374 9.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135389 9.8750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135390 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135391 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135402 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135405 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135406 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135407 10.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135408 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135413 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135414 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135483 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135494 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135512 9.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135641 10.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135725 10.3750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
135969 12.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136018 10.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136104 12.0000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136129 10.0000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136132 11.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136133 10.0000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136156 12.8750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136164 11.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136170 11.6250% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
<PAGE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
136173 13.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136176 9.8750% 6,213,866.20 5,841,007.86 5,841,007.86 7,600.51 0.00 7,600.51 51,134.93 0.00
136177 12.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136178 12.2500% 486,017.07 456,853.99 456,853.99 840.32 0.00 840.32 4,961.43 0.00
136216 13.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136223 12.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136224 12.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136225 12.8750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136226 11.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136232 12.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136236 12.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136415 12.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136418 12.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136421 11.8000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136425 11.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136426 11.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136428 11.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136434 12.5000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136435 12.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136436 12.2500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136454 12.8750% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136455 12.8500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136456 12.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136463 11.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136464 11.7500% (0.50) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136467 10.7500% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136468 11.6250% 4,035,587.95 3,766,565.63 3,766,565.63 3,104.71 0.00 0.00 0.00 0.00
136473 11.0000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136474 11.0000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
136476 10.7500% 1,482,907.42 1,393,925.74 1,393,925.74 1,643.68 0.00 1,643.68 13,284.38 0.00
136477 10.5000% 2,508,088.92 2,357,592.94 2,357,592.94 2,287.12 0.00 2,287.12 21,945.78 0.00
136478 10.2500% 3,764,967.71 2,011,430.54 2,011,430.54 3,292.22 0.00 0.00 0.00 0.00
136479 10.0000% 3,059,706.85 2,849,361.84 2,849,361.84 3,698.27 0.00 3,454.99 25,497.57 0.00
136487 9.7500% 6,217,799.05 5,844,743.05 5,844,743.05 5,228.01 0.00 5,228.01 50,519.62 0.00
136488 10.0000% 4,314,339.64 4,055,460.96 4,055,460.96 3,498.35 0.00 3,498.35 35,952.83 0.00
136489 9.7500% 315,456.74 296,528.00 296,528.00 30,410.45 0.00 30,410.45 2,563.08 0.00
136491 10.2500% 0.00 0.00 0.00 0.00
Reserve Fund Withdrawal Amount - Reduction in note 0.00 0.00 0.00 0.00 0.00
---------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<FN>
The second-half of the table follows below.
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(ii) (i)A (i)C (ii),(iii)A (ii),(iii)B (ii),(iii)B (ii)A-I
Preceeding Distribution Period Payments Preceding Monthly Cut-Off:
Credited to Mortgage Loan Payment Record Senior (1) Senior (2)
---------------------------------------| Preceding Mortgage Mortgage
3.03c i 3.03c iii 3.03c iv-x Monthly Principal Principal
Balloon Property Other Total Cut-Off Balance Balance
Loan Amounts Protection Amounts Distributable Principal (before (iii)(after (iii) Payment
Number Received Expenses Received Cash Flow Balance of SMPB) of SMPB) Description
---------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
17147748 0 0 4,874 278,035 33,594,814 28,803,353 28,803,353
---------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
122753 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
124366 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
124896 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
127579 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
128290 0.00 0.00 0.00 12,338.20 1,251,038.53 0.00 0.00 NA
128335 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
128537 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
128584 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
128687 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
128688 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
128703 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
128940 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
129142 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
129155 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
129204 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
129385 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
129447 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130035 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130326 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130338 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130362 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130415 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130422 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130534 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130539 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130669 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130779 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130796 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130836 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
130856 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
131925 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
131930 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
132055 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
132192 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
133066 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
133125 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
133126 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
133133 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
133190 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
133195 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
133511 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
134247 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
134248 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
134249 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
<PAGE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
135072 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135073 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135074 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135104 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135106 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135127 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135133 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135242 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135243 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135244 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135246 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135247 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135249 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135250 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135252 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135253 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135254 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135255 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135256 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135257 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135259 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135370 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135374 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135389 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135390 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135391 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135402 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135405 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135406 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135407 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135408 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135413 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135414 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135483 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135494 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135512 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135641 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135725 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
135969 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136018 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136104 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136129 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136132 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136133 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136156 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136164 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136170 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136173 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136176 0.00 0.00 0.00 58,735.44 6,206,265.69 5,833,863.41 5,833,863.41 NA
136177 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136178 0.00 0.00 0.00 5,801.75 485,176.75 456,064.09 456,064.09 NA
136216 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136223 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136224 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136225 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
<PAGE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
136226 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136232 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136236 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136415 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136418 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136421 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136425 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136426 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136428 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136434 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136435 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136436 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136454 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136455 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136456 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136463 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136464 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136467 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136468 0.00 0.00 0.00 0.00 4,035,587.95 3,763,647.21 3,763,647.21 NA
136473 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136474 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
136476 0.00 0.00 0.00 14,928.06 1,481,263.74 1,392,380.69 1,392,380.69 NA
136477 0.00 0.00 0.00 24,232.90 2,505,801.80 2,355,443.06 2,355,443.06 NA
136478 0.00 0.00 0.00 0.00 3,764,967.71 1,996,126.18 1,996,126.18 NA
136479 0.00 0.00 0.00 28,952.56 3,056,251.86 2,845,885.48 2,845,885.48 NA
136487 0.00 0.00 0.00 55,747.63 6,212,571.04 5,839,828.74 5,839,828.74 NA
136488 0.00 0.00 0.00 39,451.18 4,310,841.29 4,052,172.52 4,052,172.52 NA
136489 0.00 0.00 0.00 32,973.53 285,046.29 267,942.31 267,942.31 NA
136491 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA
Reserve 0.00 0.00 4,874.00 4,874.00 0.00 0.00 0.00
---------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<FN>
(1) Senior Mortgage Principal Balance (SMPB) used for purposes of
determining the Senior Distribution Amount. (2) Assumes (per definition)
that Senior Mortgage Principal Balances (SMPB) of certain Mortgage Loans
are reduced, if appli
a. Loan #136479 is Delinquent mortgage loan and has a paid to date of 5/01/95.
b. Loan #136478 was foreclosed as of March 15, 1995 and the Mortgaged Property was acquired by the Trust.
c. Loan #136468 is a delinquent mortgage loan and has a paid to date of 4/01/95.
d. Loan #128290 is a delinquent balloon mortgage loan and has a paid to date of 1/01/96.
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Distribution Date: 15-Feb-96 TRANSAMERICA OCCIDENTAL
Monthly Cut-Off Date: 31-Jan-96 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Mortgage Payments Report (iii)
(iii)C (ii),(iii)D (iii)E,F
2nd Preceding MORTGAGE 2nd Preceding Preceding
Monthly Cut-off Preceding Monthly Cut-Off: LOANS: Monthly Cut-Off Monthly Cut-Off:
Senior Senior Senior Senior Senior Senior
Certificate Certificate Certificate Certificate Certificate Certificate
Value Value Value Value Value Value
Loan (after (iii) (before (iii) (after (iii) (after (iii) (before (iii)(after (iii)
Number of SMPB) of SMPB) of SMPB) of SMPB) of SMPB) of SMPB)
----------- ------------ ---------------- ------------ ------------ ------------ ------------
28,873,470 28,803,353 28,803,353 26,862,039 26,807,228 26,807,228
----------- ------------ ---------------- ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
122753 0.00 0.00 0.00 0.00 0.00 0.00
124366 0.00 0.00 0.00 0.00 0.00 0.00
124896 0.00 0.00 0.00 0.00 0.00 0.00
127579 0.00 0.00 0.00 0.00 0.00 0.00
128290 0.00 0.00 0.00 0.00 0.00 0.00
128335 0.00 0.00 0.00 0.00 0.00 0.00
128537 0.00 0.00 0.00 0.00 0.00 0.00
128584 0.00 0.00 0.00 0.00 0.00 0.00
128687 0.00 0.00 0.00 0.00 0.00 0.00
128688 0.00 0.00 0.00 0.00 0.00 0.00
128703 0.00 0.00 0.00 0.00 0.00 0.00
128940 0.00 0.00 0.00 0.00 0.00 0.00
129142 0.00 0.00 0.00 0.00 0.00 0.00
129155 0.00 0.00 0.00 0.00 0.00 0.00
129204 0.00 0.00 0.00 0.00 0.00 0.00
129385 0.00 0.00 0.00 0.00 0.00 0.00
129447 0.00 0.00 0.00 0.00 0.00 0.00
130035 0.00 0.00 0.00 0.00 0.00 0.00
130326 0.00 0.00 0.00 0.00 0.00 0.00
130338 0.00 0.00 0.00 0.00 0.00 0.00
130362 0.00 0.00 0.00 0.00 0.00 0.00
130415 0.00 0.00 0.00 0.00 0.00 0.00
130422 0.00 0.00 0.00 0.00 0.00 0.00
130534 0.00 0.00 0.00 0.00 0.00 0.00
130539 0.00 0.00 0.00 0.00 0.00 0.00
130669 0.00 0.00 0.00 0.00 0.00 0.00
130779 0.00 0.00 0.00 0.00 0.00 0.00
130796 0.00 0.00 0.00 0.00 0.00 0.00
130836 0.00 0.00 0.00 0.00 0.00 0.00
130856 0.00 0.00 0.00 0.00 0.00 0.00
131925 0.00 0.00 0.00 0.00 0.00 0.00
131930 0.00 0.00 0.00 0.00 0.00 0.00
132055 0.00 0.00 0.00 0.00 0.00 0.00
132192 0.00 0.00 0.00 0.00 0.00 0.00
133066 0.00 0.00 0.00 0.00 0.00 0.00
<PAGE>
<S> <C> <C> <C> <C> <C> <C>
133125 0.00 0.00 0.00 0.00 0.00 0.00
133126 0.00 0.00 0.00 0.00 0.00 0.00
133133 0.00 0.00 0.00 0.00 0.00 0.00
133190 0.00 0.00 0.00 0.00 0.00 0.00
133195 0.00 0.00 0.00 0.00 0.00 0.00
133511 0.00 0.00 0.00 0.00 0.00 0.00
134247 0.00 0.00 0.00 0.00 0.00 0.00
134248 0.00 0.00 0.00 0.00 0.00 0.00
134249 0.00 0.00 0.00 0.00 0.00 0.00
135072 0.00 0.00 0.00 0.00 0.00 0.00
135073 0.00 0.00 0.00 0.00 0.00 0.00
135074 0.00 0.00 0.00 0.00 0.00 0.00
135104 0.00 0.00 0.00 0.00 0.00 0.00
135106 0.00 0.00 0.00 0.00 0.00 0.00
135127 0.00 0.00 0.00 0.00 0.00 0.00
135133 0.00 0.00 0.00 0.00 0.00 0.00
135242 0.00 0.00 0.00 0.00 0.00 0.00
135243 0.00 0.00 0.00 0.00 0.00 0.00
135244 0.00 0.00 0.00 0.00 0.00 0.00
135246 0.00 0.00 0.00 0.00 0.00 0.00
135247 0.00 0.00 0.00 0.00 0.00 0.00
135249 0.00 0.00 0.00 0.00 0.00 0.00
135250 0.00 0.00 0.00 0.00 0.00 0.00
135252 0.00 0.00 0.00 0.00 0.00 0.00
135253 0.00 0.00 0.00 0.00 0.00 0.00
135254 0.00 0.00 0.00 0.00 0.00 0.00
135255 0.00 0.00 0.00 0.00 0.00 0.00
135256 0.00 0.00 0.00 0.00 0.00 0.00
135257 0.00 0.00 0.00 0.00 0.00 0.00
135259 0.00 0.00 0.00 0.00 0.00 0.00
135370 0.00 0.00 0.00 0.00 0.00 0.00
135374 0.00 0.00 0.00 0.00 0.00 0.00
135389 0.00 0.00 0.00 0.00 0.00 0.00
135390 0.00 0.00 0.00 0.00 0.00 0.00
135391 0.00 0.00 0.00 0.00 0.00 0.00
135402 0.00 0.00 0.00 0.00 0.00 0.00
135405 0.00 0.00 0.00 0.00 0.00 0.00
135406 0.00 0.00 0.00 0.00 0.00 0.00
135407 0.00 0.00 0.00 0.00 0.00 0.00
135408 0.00 0.00 0.00 0.00 0.00 0.00
135413 0.00 0.00 0.00 0.00 0.00 0.00
135414 0.00 0.00 0.00 0.00 0.00 0.00
135483 0.00 0.00 0.00 0.00 0.00 0.00
135494 0.00 0.00 0.00 0.00 0.00 0.00
135512 0.00 0.00 0.00 0.00 0.00 0.00
135641 0.00 0.00 0.00 0.00 0.00 0.00
135725 0.00 0.00 0.00 0.00 0.00 0.00
135969 0.00 0.00 0.00 0.00 0.00 0.00
136018 0.00 0.00 0.00 0.00 0.00 0.00
136104 0.00 0.00 0.00 0.00 0.00 0.00
136129 0.00 0.00 0.00 0.00 0.00 0.00
136132 0.00 0.00 0.00 0.00 0.00 0.00
136133 0.00 0.00 0.00 0.00 0.00 0.00
136156 0.00 0.00 0.00 0.00 0.00 0.00
136164 0.00 0.00 0.00 0.00 0.00 0.00
136170 0.00 0.00 0.00 0.00 0.00 0.00
<PAGE>
<S> <C> <C> <C> <C> <C> <C>
136173 0.00 0.00 0.00 0.00 0.00 0.00
136176 5,841,007.86 5,833,863.41 5,833,863.41 5,841,007.86 5,833,863.41 5,833,863.41
136177 0.00 0.00 0.00 0.00 0.00 0.00
136178 456,853.99 456,064.09 456,064.09 456,853.99 456,064.09 456,064.09
136216 0.00 0.00 0.00 0.00 0.00 0.00
136223 0.00 0.00 0.00 0.00 0.00 0.00
136224 0.00 0.00 0.00 0.00 0.00 0.00
136225 0.00 0.00 0.00 0.00 0.00 0.00
136226 0.00 0.00 0.00 0.00 0.00 0.00
136232 0.00 0.00 0.00 0.00 0.00 0.00
136236 0.00 0.00 0.00 0.00 0.00 0.00
136415 0.00 0.00 0.00 0.00 0.00 0.00
136418 0.00 0.00 0.00 0.00 0.00 0.00
136421 0.00 0.00 0.00 0.00 0.00 0.00
136425 0.00 0.00 0.00 0.00 0.00 0.00
136426 0.00 0.00 0.00 0.00 0.00 0.00
136428 0.00 0.00 0.00 0.00 0.00 0.00
136434 0.00 0.00 0.00 0.00 0.00 0.00
136435 0.00 0.00 0.00 0.00 0.00 0.00
136436 0.00 0.00 0.00 0.00 0.00 0.00
136454 0.00 0.00 0.00 0.00 0.00 0.00
136455 0.00 0.00 0.00 0.00 0.00 0.00
136456 0.00 0.00 0.00 0.00 0.00 0.00
136463 0.00 0.00 0.00 0.00 0.00 0.00
136464 0.00 0.00 0.00 0.00 0.00 0.00
136467 0.00 0.00 0.00 0.00 0.00 0.00
136468 3,766,565.63 3,763,647.21 3,763,647.21 3,766,565.63 3,763,647.21 3,763,647.21
136473 0.00 0.00 0.00 0.00 0.00 0.00
136474 0.00 0.00 0.00 0.00 0.00 0.00
136476 1,393,925.74 1,392,380.69 1,392,380.69 1,393,925.74 1,392,380.69 1,392,380.69
136477 2,357,592.94 2,355,443.06 2,355,443.06 2,357,592.94 2,355,443.06 2,355,443.06
136478 2,011,430.54 1,996,126.18 1,996,126.18 0.00 0.00 0.00
136479 2,849,361.84 2,845,885.48 2,845,885.48 2,849,361.84 2,845,885.48 2,845,885.48
136487 5,844,743.05 5,839,828.74 5,839,828.74 5,844,743.05 5,839,828.74 5,839,828.74
136488 4,055,460.96 4,052,172.52 4,052,172.52 4,055,460.96 4,052,172.52 4,052,172.52
136489 296,528.00 267,942.31 267,942.31 296,528.00 267,942.31 267,942.31
136491 0.00 0.00 0.00 0.00 0.00 0.00
----------- ------------ ---------------- ------------ ------------ ------------ ------------ ------------ ------------
<FN>
The second-half of this table follows below.
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(iii)E,F 2nd Preceding Preceding
FORECLOSED Monthly Cut-Off Monthly Cut-Off
MORTGAGE Senior Senior Senior
LOANS: Certificate Certificate Certificate
Value Value Value
Loan (after (iii) (before (iii)(after (iii)
Number of SMPB) of SMPB) of SMPB)
----------- ------------ ------------ ------------
2,011,431 1,996,126 1,996,126
----------- ------------ ------------ ------------
<S> <C> <C> <C>
122753 0.00 0.00 0.00
124366 0.00 0.00 0.00
124896 0.00 0.00 0.00
127579 0.00 0.00 0.00
128290 0.00 0.00 0.00
128335 0.00 0.00 0.00
128537 0.00 0.00 0.00
128584 0.00 0.00 0.00
128687 0.00 0.00 0.00
128688 0.00 0.00 0.00
128703 0.00 0.00 0.00
128940 0.00 0.00 0.00
129142 0.00 0.00 0.00
129155 0.00 0.00 0.00
129204 0.00 0.00 0.00
129385 0.00 0.00 0.00
129447 0.00 0.00 0.00
130035 0.00 0.00 0.00
130326 0.00 0.00 0.00
130338 0.00 0.00 0.00
130362 0.00 0.00 0.00
130415 0.00 0.00 0.00
130422 0.00 0.00 0.00
130534 0.00 0.00 0.00
130539 0.00 0.00 0.00
130669 0.00 0.00 0.00
130779 0.00 0.00 0.00
130796 0.00 0.00 0.00
130836 0.00 0.00 0.00
130856 0.00 0.00 0.00
131925 0.00 0.00 0.00
131930 0.00 0.00 0.00
132055 0.00 0.00 0.00
132192 0.00 0.00 0.00
133066 0.00 0.00 0.00
133125 0.00 0.00 0.00
133126 0.00 0.00 0.00
133133 0.00 0.00 0.00
133190 0.00 0.00 0.00
133195 0.00 0.00 0.00
133511 0.00 0.00 0.00
134247 0.00 0.00 0.00
134248 0.00 0.00 0.00
<PAGE>
<S> <C> <C> <C>
134249 0.00 0.00 0.00
135072 0.00 0.00 0.00
135073 0.00 0.00 0.00
135074 0.00 0.00 0.00
135104 0.00 0.00 0.00
135106 0.00 0.00 0.00
135127 0.00 0.00 0.00
135133 0.00 0.00 0.00
135242 0.00 0.00 0.00
135243 0.00 0.00 0.00
135244 0.00 0.00 0.00
135246 0.00 0.00 0.00
135247 0.00 0.00 0.00
135249 0.00 0.00 0.00
135250 0.00 0.00 0.00
135252 0.00 0.00 0.00
135253 0.00 0.00 0.00
135254 0.00 0.00 0.00
135255 0.00 0.00 0.00
135256 0.00 0.00 0.00
135257 0.00 0.00 0.00
135259 0.00 0.00 0.00
135370 0.00 0.00 0.00
135374 0.00 0.00 0.00
135389 0.00 0.00 0.00
135390 0.00 0.00 0.00
135391 0.00 0.00 0.00
135402 0.00 0.00 0.00
135405 0.00 0.00 0.00
135406 0.00 0.00 0.00
135407 0.00 0.00 0.00
135408 0.00 0.00 0.00
135413 0.00 0.00 0.00
135414 0.00 0.00 0.00
135483 0.00 0.00 0.00
135494 0.00 0.00 0.00
135512 0.00 0.00 0.00
135641 0.00 0.00 0.00
135725 0.00 0.00 0.00
135969 0.00 0.00 0.00
136018 0.00 0.00 0.00
136104 0.00 0.00 0.00
136129 0.00 0.00 0.00
136132 0.00 0.00 0.00
136133 0.00 0.00 0.00
136156 0.00 0.00 0.00
136164 0.00 0.00 0.00
136170 0.00 0.00 0.00
136173 0.00 0.00 0.00
136176 0.00 0.00 0.00
136177 0.00 0.00 0.00
136178 0.00 0.00 0.00
136216 0.00 0.00 0.00
136223 0.00 0.00 0.00
136224 0.00 0.00 0.00
136225 0.00 0.00 0.00
136226 0.00 0.00 0.00
<PAGE>
<S> <C> <C> <C>
136232 0.00 0.00 0.00
136236 0.00 0.00 0.00
136415 0.00 0.00 0.00
136418 0.00 0.00 0.00
136421 0.00 0.00 0.00
136425 0.00 0.00 0.00
136426 0.00 0.00 0.00
136428 0.00 0.00 0.00
136434 0.00 0.00 0.00
136435 0.00 0.00 0.00
136436 0.00 0.00 0.00
136454 0.00 0.00 0.00
136455 0.00 0.00 0.00
136456 0.00 0.00 0.00
136463 0.00 0.00 0.00
136464 0.00 0.00 0.00
136467 0.00 0.00 0.00
136468 0.00 0.00 0.00
136473 0.00 0.00 0.00
136474 0.00 0.00 0.00
136476 0.00 0.00 0.00
136477 0.00 0.00 0.00
136478 2,011,430.54 1,996,126.18 1,996,126.18
136479 0.00 0.00 0.00
136487 0.00 0.00 0.00
136488 0.00 0.00 0.00
136489 0.00 0.00 0.00
136491 0.00 0.00 0.00
----------- ------------ ------------ ------------
<FN>
a. Loan #136479 is Delinquent mortgage loan and has a paid to date of 5/01/95.
b. Loan #136478 was foreclosed as of March 15, 1995 and the Mortgaged Property
was acquired by the Trust
c. Loan #136468 is a delinquent mortgage loan and has a paid to date of 4/01/95.
d. Loan #128290 is a delinquent balloon mortgage loan and has a paid to date
of 01/01/96.
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Distribution Date: 15-Feb-96 TRANSAMERICA OCCIDENTAL
Monthly Cut-Off Date: 31-Jan-96 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Mortgage Payments Report (ii)A-I
Additional Reporting Requirements
Current
Loan Loan Payment Additional
Number Number Description Requirement:
------------ ------------ ------------- -----------------------------------------------------------------
<S> <C> <C> <C>
122753 122753 NA Enter appropriate reason: PAID IN FULL 1993.
124366 124366 NA Enter appropriate reason: PAID IN FULL 1989.
124896 124896 NA Enter appropriate reason: PAID IN FULL 1995.
127579 127579 NA Enter appropriate reason: PAID IN FULL 1992.
128290 128290 DELQ. BALLOON DELINQUENT BALLOON, PAID TO DATE 11/1/95. LOAN MATURED 8/1/95.
128335 128335 NA N/A
128537 128537 NA Enter appropriate reason: PAID IN FULL 1995.
128584 128584 NA N/A
128687 128687 NA N/A
128688 128688 NA Enter appropriate reason: PAID IN FULL 1995.
128703 128703 NA Enter appropriate reason: PAID IN FULL 1995.
128940 128940 NA Enter appropriate reason: PAID IN FULL 1992.
129142 129142 NA Enter appropriate reason: PAID IN FULL 1993.
129155 129155 NA Enter appropriate reason: PAID IN FULL 1995.
129204 129204 NA Enter appropriate reason: PAID IN FULL 1992.
129385 129385 NA Enter appropriate reason: PAID IN FULL 1995.
129447 129447 NA Enter appropriate reason: PAID IN FULL 1995.
130035 130035 NA Enter appropriate reason: PAID IN FULL 1992.
130326 130326 NA Enter appropriate reason: PAID IN FULL 1991.
130338 130338 NA Enter appropriate reason: PAID IN FULL 1991.
130362 130362 NA Enter appropriate reason: PAID IN FULL 1991.
130415 130415 NA Enter appropriate reason: PAID IN FULL 1991.
130422 130422 NA Enter appropriate reason: PAID IN FULL 1992.
130534 130534 NA Enter appropriate reason: PAID IN FULL 1992.
130539 130539 NA Enter appropriate reason: PAID IN FULL 1991.
130669 130669 NA Enter appropriate reason: PAID IN FULL 1992.
130779 130779 NA Enter appropriate reason: PAID IN FULL 1992.
130796 130796 NA Enter appropriate reason: PAID IN FULL 1994.
130836 130836 NA Enter appropriate reason: PAID IN FULL 1992.
130856 130856 NA Enter appropriate reason: PAID IN FULL 1992.
131925 131925 NA Enter appropriate reason: PAID IN FULL 1993.
131930 131930 NA Enter appropriate reason: PAID IN FULL 1993.
132055 132055 NA N/A
132192 132192 NA Enter appropriate reason: PAID IN FULL 1993.
133066 133066 NA Enter appropriate reason: PAID IN FULL 1991.
<PAGE>
<S> <C> <C> <C>
133125 133125 NA Enter appropriate reason: PAID IN FULL 1994.
133126 133126 NA Enter appropriate reason: PAID IN FULL 1994.
133133 133133 NA Enter appropriate reason: PAID IN FULL 1995.
133190 133190 NA Enter appropriate reason: PAID IN FULL 1991.
133195 133195 NA Enter appropriate reason: PAID IN FULL 1994.
133511 133511 NA Enter appropriate reason: PAID IN FULL 1994.
134247 134247 NA Enter appropriate reason: PAID IN FULL 1994.
134248 134248 NA Enter appropriate reason: PAID IN FULL 1994.
134249 134249 NA Enter appropriate reason: PAID IN FULL 1991.
135072 135072 NA Enter appropriate reason: PAID IN FULL 1995.
135073 135073 NA Enter appropriate reason: PAID IN FULL 1994.
135074 135074 NA Enter appropriate reason: PAID IN FULL 1993.
135104 135104 NA Enter appropriate reason: PAID IN FULL 1994.
135106 135106 NA Enter appropriate reason: PAID IN FULL 1994.
135127 135127 NA Enter appropriate reason: PAID IN FULL 1994.
135133 135133 NA Enter appropriate reason: PAID IN FULL 1994.
135242 135242 NA Enter appropriate reason: PAID IN FULL 1992
135243 135243 NA Enter appropriate reason: PAID IN FULL 1995
135244 135244 NA Enter appropriate reason: PAID IN FULL 1991
135246 135246 NA Enter appropriate reason: PAID IN FULL 1990
135247 135247 NA Enter appropriate reason: PAID IN FULL 1991
135249 135249 NA Enter appropriate reason: PAID IN FULL 1994
135250 135250 NA Enter appropriate reason: PAID IN FULL 1994
135252 135252 NA Enter appropriate reason: PAID IN FULL 1994
135253 135253 NA Enter appropriate reason: PAID IN FULL 1994
135254 135254 NA Enter appropriate reason: PAID IN FULL 1994
135255 135255 NA Enter appropriate reason: PAID IN FULL 1994
135256 135256 NA Enter appropriate reason: PAID IN FULL 1994
135257 135257 NA Enter appropriate reason: PAID IN FULL 1994
135259 135259 NA N/A
135370 135370 NA Enter appropriate reason: PAID IN FULL 1990
135374 135374 NA Enter appropriate reason: PAID IN FULL 1991.
135389 135389 NA Enter appropriate reason: PAID IN FULL 1991.
135390 135390 NA Enter appropriate reason: PAID IN FULL 1995.
135391 135391 NA N/A
135402 135402 NA Enter appropriate reason: PAID IN FULL 1995.
135405 135405 NA Enter appropriate reason: PAID IN FULL 1990.
135406 135406 NA Enter appropriate reason: PAID IN FULL 1995.
135407 135407 NA Enter appropriate reason: THE NOTE WAS SOLD IN NOVEMBER 1993.
135408 135408 NA Enter appropriate reason: PAID IN FULL 1995.
135413 135413 NA Enter appropriate reason: PROPERTY WAS SOLD 11/1/94
135414 135414 NA Enter appropriate reason: PAID IN FULL 1995.
135483 135483 NA Enter appropriate reason: PAID IN FULL 1993.
135494 135494 NA Enter appropriate reason: PAID IN FULL 1995.
135512 135512 NA Enter appropriate reason: PAID IN FULL 1995.
135641 135641 NA Enter appropriate reason: PAID IN FULL 1994.
135725 135725 NA Enter appropriate reason: PAID IN FULL 1993.
135969 135969 NA Enter appropriate reason: PAID IN FULL 1990.
136018 136018 NA Enter appropriate reason: PAID IN FULL 1993.
136104 136104 NA Enter appropriate reason: PAID IN FULL 1990.
136129 136129 NA Enter appropriate reason: PAID IN FULL 1995.
136132 136132 NA Enter appropriate reason: PAID IN FULL 1992.
136133 136133 NA Enter appropriate reason: PAID IN FULL 1995.
136156 136156 NA Enter appropriate reason: PAID IN FULL 1991.
136164 136164 NA Enter appropriate reason: PAID IN FULL 1989.
136170 136170 NA Enter appropriate reason: PAID IN FULL 1993.
136173 136173 NA Enter appropriate reason: PAID IN FULL 1990.
<PAGE>
<S> <C> <C> <C>
136176 136176 NA N/A
136177 136177 NA N/A
136178 136178 NA N/A
136216 136216 NA Enter appropriate reason: PAID IN FULL 1993.
136223 136223 NA Enter appropriate reason: PAID IN FULL 1993.
136224 136224 NA Enter appropriate reason: PAID IN FULL 1990.
136225 136225 NA Enter appropriate reason: PAID IN FULL 1993.
136226 136226 NA Enter appropriate reason: PAID IN FULL 1990.
136232 136232 NA Enter appropriate reason: FORECLOSURE SALE 6/1/94.
136236 136236 FORECLOSED Enter appropriate reason: PROPERTY ACQUISITION DATE:
NOVEMBER 17, 1992. SALE ON 11/20/95.
136415 136415 NA Enter appropriate reason: PAID IN FULL 1994.
136418 136418 NA Enter appropriate reason: PAID IN FULL 1993.
136421 136421 NA Enter appropriate reason: PAID IN FULL 1993.
136425 136425 NA Enter appropriate reason: PAID IN FULL 1992.
136426 136426 NA Enter appropriate reason: PAID IN FULL 1992.
136428 136428 NA N/A
136434 136434 NA Enter appropriate reason: PAID IN FULL 1994.
136435 136435 NA Enter appropriate reason: PAID IN FULL 1992.
136436 136436 NA Enter appropriate reason: PAID IN FULL 1994.
136454 136454 NA Enter appropriate reason: PAID IN FULL 1995.
136455 136455 NA Enter appropriate reason: PROPERTY WAS SOLD ON SEPTEMBER 28, 1994
136456 136456 NA Enter appropriate reason: PAID IN FULL 1993.
136463 136463 NA Enter appropriate reason: PAID IN FULL 1989.
136464 136464 NA Enter appropriate reason: PAID IN FULL 1995.
136467 136467 NA Enter appropriate reason: PAID IN FULL 1989.
136468 136468 DELINQUENT Enter appropriate reason: PAID TO DATE 04/01/95.
136473 136473 NA Enter appropriate reason: PROPERTY WAS SOLD ON NOVEMBER 18, 1993.
136474 136474 NA Enter appropriate reason: PROPERTY WAS SOLD ON JUNE 14, 1993.
136476 136476 NA N/A
136477 136477 NA N/A
136478 136478 FORECLOSED Enter appropriate reason: FORECLOSED ON 3/15/95. REO-106
136479 136479 DELINQUENT Enter appropriate reason: DELINQUENT MORTGAGE LOAN PAID TO DATE
3/01/95
136487 136487 NA N/A
136488 136488 NA N/A
136489 136489 NA N/A
136491 136491 NA Enter appropriate reason: FORECLOSURE SALE ON 08/06/92.
------------ ------------ ------------ -----------------------------------------------------------------
</TABLE>
<PAGE>
Distributon Date: 15-Feb-96
Monthly Cut-Off Date: 31-Jan-96
TRANSAMERICA OCCIDENTAL
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Reserve Fund Report (iv)
--------------------------------------------------------------------
A) Reserve Fund Amount
The sum of:
(i)Amount in Reserve Fund at Date of Determination $5,844,743
(ii)Amounts Due on 09-Feb-96
from Eligible Investments 0
(iii)Reinvestment Income earned at
Assumed Reinvestment Rate on:
(a)Cash Amount in Reserve Fund 0
Fr: 09-Feb-96 To: 14-Feb-96
(b)Maturing Eligible Investments 0
Fr: Maturity To: 14-Feb-96
-----------
Reserve Fund Amount $5,844,743
===========
B) Reserve Fund Investment Amount
excess of (i) over (ii):
(i) Reserve Fund Amount $5,844,743
(ii) The result of:
Preceding Distribution Date's
Reserve Fund Amount (or amount at Closing) 5,849,617
Plus: Preceding Distribution Date's
Reserve Fund Deposit Amount 0
Less: Preceding Distribution Date's
Reserve Fund Withdrawal Amount
Reduction in note amount 4,874
Cash withdrawal 0
-----------
result of (ii) 5,844,743
-----------
Reserve Fund Investment Amount $0
===========
C) Reserve Fund Withdrawal Amount
The sum of (i) and (ii):
(i) Minimum Senior Distribution Shortfall Amount $0
(ii) Excess of a) over b):
a) Reserve Fund Amount 5,844,743
Less: Minimum Senior Distribution 0
Shortfall Amount -----------
result of a) 5,844,743
b) Reserve Amount -----------
Greater of:
4% of aggregate Senior Certificate 1,152,134
Value after (iii) of SMPB, and the
largest single Senior Certificate Value 5,839,829
after (iii) of SMPB -----------
<PAGE>
Reserve Amount 5,839,829
-----------
result of (ii) 4,914
-----------
Reserve Fund Withdrawal Amount - reduction in note 4,914
===========
Reserve Fund Withdrawal Amount - Cash $0
==========
D) Reserve Fund Deposit Amount
Lesser of (i) and (ii):
(i) Excess of:
Reserve Amount over $5,839,829
Reserve Fund Amount 5,844,743
-----------
result of (i) 0
-----------
(ii)Distribution Amount 278,035
Less: Aggregate amount payable (other than
reinvestment income) from the balance in the
Certificate Account prior to the deposit of
the Reserve Fund Deposit Amount in the
Reserve Fund per the following clauses of
4.04(d)(i) to:
Servicer:
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
Senior Certificateholders:
3rd Accrued undistributed interest (207,918)
4th Senior Principal Distribution Amount (70,117)
Financial Security as Subrogee:
5th Subrogated Interest Accrual Amount 0
6th Subrogated Interest Amount 0
7th Subrogated Principal Distribution Amount 0
-----------
total of (ii) 1
-----------
Reserve Fund Deposit Amount $0
===========
E) Reserve Fund Balance immediately following
such Distribution Date
The sum of:
Reserve Fund Amount $5,844,743
Reserve Fund Deposit Amount 0
Less: Reserve Fund Withdrawal Amount
Reduction in note amount (4,914)
Cash withdrawal 0
-----------
Reserve Fund Balance immediately following $5,839,829
such Distribution Date ===========
<PAGE>
Distributon Date: 15-Feb-96
Monthly Cut-Off Date: 31-Jan-96
TRANSAMERICA OCCIDENTAL
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Certificate Distributions Report (v)
- ----------------------------------------------------------------------------
A) Distribution Amount
The sum of (i) and (ii)
(i) Aggregate mortgage payments net of servicing
and sub-servicing fees $278,035
(ii) Reserve Fund Withdrawal Amount - Cash 0
------------
Distribution Amount $278,035
============
B) Minimum Senior Distribution Amount
the sum of (a) and (b):
(a)30 days' accrued interest - Class A-1 60,134
30 days' accrued interest - Class A-2 147,784
(b) Minimum Senior Principal Distribution Amount
The excess of (i) over (ii):
(i) 2nd Preceding Senior Certificate Value 28,873,470
after (iii) of SMPB
(ii) Preceding Senior Certificate Value (28,814,509)
before (iii) of SMPB -----------
58,961
-----------
Plus:
Excess, if any, from preceding Distribution Date:
Minimum Senior Principal Distribution Amount, over 5,979,170
Principal Distributed to Senior Certificateholders
from amounts in Certificate and Insurance Accounts (5,979,170)
-----------
0
-----------
Minimum Senior Principal Distribution Amount 58,961 58,961
----------- ----------
Minimum Senior Distribution Amount $266,878
============
C) Senior Distribution Amount
The sum of (i) and (ii):
(i) Accrued undistributed interest - Class A-1 $60,134
Accrued undistributed interest - Class A-2 147,784
(ii) Senior Principal Distribution Amount 58,961
------------
Senior Distribution Amount $266,878
============
D) Senior Principal Distribution Amount
Maximum of (i) and (ii):
<PAGE>
(i) Minimum Senior Principal Distribution Amount: $58,961
(ii) Lesser of (a) and (b):
(a) Maximum Senior Principal Distribution Amount:
(including provisions (x) and (y) of definition)
The sum of:
1) Minimum Senior Principal Distribution Amount 58,961
2) Senior Certificate Values (per (ii) of definition) 0
before (iii) of SMPB
3) Foreclosed loan :#136478 Senior Cert Value(R106) 1,996,126
4) Delinquent Balloon loan:#128290 Senior Cert Value 0
-------------
Maximum Senior Principal Distribution Amount 2,055,087
=============
(b) Distribution Amount less: 278,035
(1) Aggregate Purchased Payment Amounts 0
(2) Aggregate Senior Expense Amounts 0
(3) Interest Distribution Amount (207,918)
(4) Reserve Fund Investment Amount 0
(5) Subrogated Distribution Amount 0
-----------
total of (b) 70,117
-----------
result of (ii) 70,117 70,117
----------- ------------
Senior Principal Distribution Amount $70,117
E) Minimum Senior Distribution Shortfall Amount
Amount, if any, by which (a) exceeds (b):
(a) Minimum Senior Distribution Amount $266,878
(b) Difference between (i) and (ii):
(i)Amount shown in clause (i) under definition
of Distribution Amount less: 278,035
(ii)(A) Purchased Payment Amounts 0
(ii)(B) Senior Expense Amounts 0
-----------
result of (b) 278,035 (278,035)
----------- ------------
Minimum Senior Distribution Shortfall Amount $0
============
F) Junior Distribution Amount
(Is this a Deficiency Event Date ?) NO
(Is a Deficiency Event continuing ?) NO
Per 4.04(d)(i) On a Distribution Date
other than a Deficiency Event Date:
Distribution Amount $278,035
Less: Aggregate amounts (other than reinvestment
income) payable from balance in Certificate Account
prior to payment of Junior Distribution Amount:
Servicer :
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
Senior Certificateholders:
3rd Accrued undistributed interest (207,918)
4th Senior Principal Distribution Amount (70,117)
<PAGE>
Financial Security:
5th Subrogated Interest Accrual Amount 0
6th Subrogated Interest Amount 0
7th Subrogated Principal Distribution Amount 0
8th Reserve Fund Deposit Amount: 0
Servicer :
9th Junior Servicing Amount 0
10th Junior Expense Amount 0
11th Trust Fund Expense Amount 0
-----------
Junior Distribution Amount per 4.04(d)(i) 0
-----------
Per 4.04(d)(ii) On a Deficiency Event Date and
every Distribution Date thereafter:
Distribution Amount $0
Less: Aggregate amounts (other than reinvestment
income) payable from balance in Certificate Account
prior to payment of Junior Distribution Amount:
Servicer :
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
3rd Trust Fund Expense Amount 0
Senior Certificateholders:
4th Accrued undistributed interest 0
5th distributions of principal (without limit, 0
preference, or priority of Class)
Financial Security:
6th Subrogated Interest Accrual Amount 0
7th Subrogated Interest Amount 0
8th Subrogated Principal Distribution Amount 0
Servicer :
9th Junior Servicing Amount 0
10th Junior Expense Amount 0
-----------
Junior Distribution Amount per 4.04(d)(ii) 0
-----------
Junior Distribution Amount for this Distribution Date 0
Less: Amount applied as offset pursuant to 4.02(c) 0
------------
Junior Distribution Amount net of offset per 4.02(c) $0
============
G) Subrogated Interest Accrual Amount
The sum of (i) and (ii), less (iii):
(i) From: 16-Jan-96 to 09-Feb-96
Class A-1
Subrogated Certificate Principal Balance
before this payment 0
Class A-1 Coupon 8.500% $0
<PAGE>
Class A-2
Subrogated Certificate Principal Balance
before this payment 0
Class A-2 Coupon 8.700% 0
-----------
Sum of (i) 0 0
-----------
(ii) Aggregate amounts determined per (i) above as of each
preceding Distribution Date:
Class A-1 0
Class A-2 0
-----------
Sum of (ii): 0 0
-----------
Less:(iii) Amounts previously distributed
to Financial Security as
Subrogee per 5th of 4.04(d)(i)
and 6th of 4.04(d)(ii):
Class A-1 0
Class A-2 0
-----------
Sum of (iii): 0 0.00
----------- ------------
Subrogated Interest Accrual Amount $0
============
H) Subrogated Interest Amount:
Cumulative Prior Insurance Interest Distributions
from Insurer per 4.09(c) 1st clause: Class A-1 $0
Class A-2 0
-----------
Sum: 0 0
-----------
Less: Cumulative Prior Subrogated Interest Amount
Distributed to Financial Security
per clause 6th of 4.04(d)(i) and
7th of 4.04(d)(ii):
Class A-1 0
Class A-2 0
-----------
Sum: 0 0
----------- ------------
Subrogated Interest Amount $0
============
I) Subrogated Principal Distribution Amount
Cumulative Prior Insurance Principal Distributions from Insurer $0
per 4.09(c) 2nd clause
Less: Cumulative Prior Subrogated Principal Distribution Amount
to Financial Security per clause 7th of 4.04(d)(i) or 0
8th of 4.04(d)(ii)
------------
Subrogated Principal Distribution Amount $0
============
<PAGE>
J) Subrogated Distribution Amount
Total of:
Subrogated Principal Distribution Amount $0
Subrogated Interest Amount 0
Subrogated Interest Accrual Amount 0
------------
Subrogated Distribution Amount $0
============
K) Interest Distributable
In the aggregate:
accrued undistributed interest - Class A-1 $60,134
accrued undistributed interest - Class A-2 147,784
------------
Interest Distributable $207,918
------------
By single Certificate:
accrued undistributed interest - Class A-1 $0.32
accrued undistributed interest - Class A-2 $7.25
L) Principal Distributable
In the aggregate:
Sum of (a) and (b):
(a) Principal distributable from
amounts in Certificate Account:
On any Distribution Date other
than a Deficiency Event Date
per 4.04(d)(i), 4th clause:
Senior Principal Distribution Amount $70,117
On a Deficiency Event Date and
each Distribution Date
thereafter per 4.04(d)(ii), 5th
clause:
Distribution of principal without
limit or priority of Classes 0
-----------
result of (a) 70,117
------------
(b) Principal distributable from Insurance Policy Account:
On a Trust Fund Shortfall Event Date or a Deficiency
Event Date per 4.09(c), 2nd clause:
Senior Principal Distribution Amount 0
Less, amount distributable per 4.04(d)(ii),
5th clause: 0
-----------
result of (b) 0 0
----------- ------------
Principal Distributable $70,117
============
By Senior Certificate Class:
Class A-1 70,117
Class A-2 0
<PAGE>
By single Certificate:
Class A-1 $0.38
Class A-2 NA
M) Certificate Principal Balance
In the aggregate:
Class A-1
Previous Certificate Principal Balance $8,489,470
Principal Distributable (70,117)
------------
Balance After This Payment $8,419,353
============
Class A-2
Previous Certificate Principal Balance $20,384,000
Principal Distributable 0
------------
Balance After This Payment $20,384,000
============
By single Certificate
Class A-1
Previous Certificate Principal Balance $45.73
Principal Distributable (0.38)
------------
Balance After This Payment $45.35
============
Class A-2
Previous Certificate Principal Balance $1,000.00
Principal Distributable NA
------------
Balance After This Payment $1,000.00
============
N) Certificate Factor (After This Payment)
Class A-1: 8,419,353 divided by 185,655,000 = 0.04534946
Class A-2: 20,384,000 divided by 20,384,000 = 1.00000000
O) Aggregate Subrogated Certificate Principal Balance
Class A-1
Cumulative Prior Insurance Principal Distributions from Insurer
per 4.09(c) 2nd clause $0
Less: Cumulative Prior Subrogated Principal Distribution Amount
to Financial Security per clause 7th of 4.04(d)(i) or
8th of 4.04(d)(ii) 0
------------
Aggregate Subrogated Certificate Principal Balance after this payment $0
============
Class A-2
Cumulative Prior Insurance Principal Distributions from Insurer
per 4.09(c) 2nd clause $0
Less: Cumulative Prior Subrogated Principal Distribution Amount
to Financial Security per clause 7th of 4.04(d)(i) or
8th of 4.04(d)(ii) 0
------------
<PAGE>
Aggregate Subrogated Certificate Principal Balance after this payment $0
============
P) Adjusted Certificate Principal Balance
Class A-1
Before this payment:
Certificate Principal Balance $8,489,470
plus, Subrogated Certificate Principal Balance 0
------------
Adjusted Certificate Principal Balance before this payment 8,489,470
------------
After this payment:
Certificate Principal Balance 8,419,353
plus, Subrogated Certificate Principal Balance 0
------------
Adjusted Certificate Principal Balance after this payment $8,419,353
============
Class A-2 Before this payment:
Certificate Principal Balance $20,384,000
plus, Subrogated Certificate Principal Balance 0
------------
Adjusted Certificate Principal Balance before this payment 20,384,000
------------
After this payment:
Certificate Principal Balance 20,384,000
plus, Subrogated Certificate Principal Balance 0
------------
Adjusted Certificate Principal Balance after this payment $20,384,000
============
<PAGE>
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1989-1
TODAY: 05-FEB-96
SENIOR CERTIFICATE PARAMETERS:
Senior Distribution % 94.00%
Class 1 Original Principle Balance $185,655,000
Number of Class A Certificates 185,655
Class 1 Coupon 8.5000%
Class 1 Balance Before Current Payment $8,489,470
Class 1 Balance After Current Payment $8,419,353
Class 2 Original Principal Balance $20,384,000
Number of Class B Certificates 20,384
Class 2 Coupon 8.7000%
Class 2 Balance Before Current Payment $20,384,000
Class 2 Balance After Current Payment $20,384,000
FINANCIAL SECURITY ASSURANCE, INC.:
Insurance Certificate Amount $10,000,000
Reserve Amount:
Senior Certificate Value Percentage 4.00%
<PAGE>
Distributon Date: 15-Feb-96
Monthly Cut-Off Date: 31-Jan-96
TRANSAMERICA OCCIDENTAL
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Servicer's Reimbursement and Receiveables Report (vi)
- -----------------------------------------------------------------------------
A) Aggregate servicing fees due to Servicer as of preceding Monthly
Cut-Off Date that will not be paid on this Distribution Date:
Aggregate unpaid Servicing Fees
per 3.07(a) and 3.05(a)(i),(ii)(iii) $5,385
Less: Aggregate Servicing Fees retained
per 4.03(c) and 3.07(b) (5,385)
Junior Servicing Amounts 0
-----------
Aggregate servicing fees due to Servicer as of
preceding Monthly $0
Cut-Off Date that will not be paid
on this Distribution Date ===========
B) Aggregate Purchased Payment Amount $0
===========
C) Aggregate amount of servicing fees retained by
Servicer from preceding Distribution Period $5,385
(4.03(C)) ===========
D) Junior Servicing Amount
Lesser of (a) and (b):
(a) For each Foreclosed Property:
excess of (i) over (ii):
(i) Aggregate unpaid servicing fees
per 3.07(a) and 3.05(a)(iii) $0
(ii) Aggregate servicing fees retained
per 4.03(c) and 3.07(b) 0
-----------
total of (a) 0 0
----------- -----------
(Is this a Deficiency Event Date ?) NO
(Is a Deficiency Event continuing ?) NO
(b) Per 4.04(d)(i) On a Distribution Date other
than a Deficiency Event Date:
Distribution Amount 278,035
Less: Aggregate amount (other than reinvestment
income) payable from balance in Certificate Account
prior to payment of Junior Servicing Amount:
Servicer:
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
<PAGE>
Senior Certificateholders:
3rd Accrued undistributed interest (207,918)
4th Senior Principal Distribution Amount (70,117)
Financial Security:
5th Subrogated Interest Accrual Amount 0
6th Subrogated Interest Amount 0
7th Subrogated Principal Distribution Amount 0
8th Reserve Fund Deposit Amount: 0
-----------
result per 4.04(d)(i) 0
-----------
Per 4.04(d)(ii) On a Deficiency Event Date and
every Distribution Date thereafter:
Distribution Amount 0
Less: Aggregate amounts (other than reinvestment income
payable from balance in Certificate Account
prior to payment of Junior Servicing Amount:
Servicer :
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
3rd Trust Fund Expense Amount 0
Senior Certificateholders:
4th Accrued undistributed interest 0
5th distributions of principal (without 0
limit, preference, or priority of Class)
Financial Security:
6th Subrogated Interest Accrual Amount 0
7th Subrogated Interest Amount 0
8th Subrogated Principal Distribution Amount 0
-----------
result per 4.04(d)(ii) 0
-----------
result of (b) 0
-----------
Junior Servicing Amount $0
===========
E) Aggregate Senior Expense Amounts
Lesser of (i) and (ii):
(i) Aggregate unpaid expenses (3.07 (d)) $0
(ii) Aggregate Mortgage Payments (3.03) 278,035 -----------
Less: Purchased Payment Amount 0
-----------
Total of (ii) 278,035 278,035
----------- -----------
Aggregate Senior Expense Amounts $0
===========
F) Junior Expense Amount
Lesser of (a) and (b):
(a) excess of (i) over (ii):
(i) Aggregate unpaid expenses per 3.07 (f) $0
(ii) Senior Expense Amounts 0
-----------
result of (a) 0 0
----------- -----------
<PAGE>
(Is this a Deficiency Event Date ?) NO
(Is a Deficiency Event continuing ?) NO
(b) Per 4.04(d)(i) On a Distribution Date other
than a Deficiency Event Date:
Distribution Amount 278,035
Less: Aggregate amounts (other than reinvestment
income) payable from balance in Certificate Account
prior to payment of Junior Expense Amount:
Servicer :
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
Senior Certificateholders:
3rd Accrued undistributed interest (207,918)
4th Senior Principal Distribution Amount (70,117)
Financial Security:
5th Subrogated Interest Accrual Amount 0
6th Subrogated Interest Amount 0
7th Subrogated Principal Distribution Amount 0
8th Reserve Fund Deposit Amount: 0
Servicer :
9th Junior Servicing Amount 0
-----------
result per 4.04(d)(i) 0
-----------
Per 4.04(d)(ii) On a Deficiency Event Date and
every Distribution Date thereafter:
Distribution Amount $0
Less: Aggregate amounts (other than reinvestment income
payable from balance in Certificate
Account prior to payment of Junior
Expense Amount:
Servicer :
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
3rd Trust Fund Expense Amount 0
Senior Certificateholders:
4th Accrued undistributed interest 0
5th distributions of principal (without 0
limit, preference, or priority of Class)
Financial Security:
6th Subrogated Interest Accrual Amount 0
7th Subrogated Interest Amount 0
8th Subrogated Principal Distribution Amount 0
Servicer :
9th Junior Servicing Amount 0
-----------
result per 4.04(d)(ii) 0
-----------
result of (b) 0
-----------
Junior Expense Amount $0
===========
G) Trust Fund Expense Amount
Lesser of (i) and (ii):
(i)Aggregate unreimbursed Trust Fund Expenses
advanced by Servicer $0
-----------
<PAGE>
(Is this a Deficiency Event Date ?) NO
(Is a Deficiency Event continuing ?) NO
(ii)Per 4.04(d)(i) On a Distribution Date other
than a Deficiency Event Date:
Distribution Amount 278,035
Less: Aggregate amounts (other than reinvestment
income) payable from balance in Certificate Account
prior to payment of Trust Fund Expense Amount:
Servicer :
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
Senior Certificateholders:
3rd Accrued undistributed interest (207,918)
4th Senior Principal Distribution Amount (70,117)
Financial Security:
5th Subrogated Interest Accrual Amount 0
6th Subrogated Interest Amount 0
7th Subrogated Principal Distribution Amount 0
8th Reserve Fund Deposit Amount: 0
Servicer :
9th Junior Servicing Amount 0
10th Junior Expense Amount 0
-----------
result per 4.04(d)(i) 0
-----------
Per 4.04(d)(ii) On a Deficiency Event Date and
every Distribution Date thereafter:
Distribution Amount 0
Less: Aggregate amounts (other than reinvestment income
payable from balance in Certificate Account
prior to payment of Trust Fund Expense Amount:
Servicer :
1st Purchased Payment Amount 0
2nd Senior Expense Amount 0
-----------
result per 4.04(d)(ii) 0
-----------
result of (ii) 0
-----------
Trust Fund Expense Amount $0
===========
H) Aggregate Servicer reimburseable expenses not to
be paid on this Distribution Date:
Aggregate non-duplicative Expenses $0
per 3.07(c),(e)
Less: Senior Expense Amounts 0
Junior Expense Amounts 0
Trust Fund Expense Amounts 0
Aggregate Servicer reimburseable expenses -----------
not to be paid on this Distribution Date $0
===========
<PAGE>
I) Aggregate fees and expenses due Servicer that will not be paid
Amount per 4.01(i)(vi)(A) $0
plus, Amount per 4.01(i)(vi)(H) 0
----------
Aggregate fees and expenses due Servicer that will not be paid $0
===========
<PAGE>
TRANSAMERICA OCCIDENTAL MORTAGE PASS-THROUGH CERTIFICATES SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Servicer's Reimbursement and receivables Report (vi)
INCOME AND EXPENSE FOR NOVEMBER 1995
SIERRA COMMERCENTER (R-106)
TOLIC DISMBURSEMENT $337.75
TOLIC REIMBURSEMENT $0.00
DUE TOLIC (TRUSTEE) ($32,372.65)
PER SECTION 3.06, 3.07 OF THE POOLING AND SERVICING AGREEMENT.
<PAGE>
Distributon Date: 15-Feb-96
Monthly Cut-Off Date: 31-Jan-96
TRANSAMERICA OCCIDENTAL
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Trust Fund Shortfall Event Date Determination Report (vii)
----------------------------------------------------------------------------
A) Cash Shortfall Determination Amount
Excess of (i) over (ii):
(i): The sum of:
(A) Collection Account Deposit Amounts $278,035
from Second Preceeding Monthly Cut-Off Date
to 5th business day preceding such Distribution Date
(B) Aggregate Amount Received by Trustee (at Termination 0
or as of prior Monthly Cut-off)
(C) Aggregate Amount Received by Trustee (at Closing 0
for first Distribution Date)
(D) Reserve Fund Withdrawal Amount - Cash 0
-------------
Total of (i) 278,035
-------------
(ii): The sum of:
(A) Purchased Payment Amounts 0
(B) Senior Expense Amounts 0
(C) Aggregate amount (other than reinvestment
income) paid on immediately preceding
Distribution Date to:
Servicer 0
Certificateholders 5,979,170
Financial Security, as Subrogee 0
Less:
Distribution Amount for immediately
preceding Distribution Date (5,979,170)
-----------
0 0
----------- -----------
Total of (ii) 0
-----------
Cash Shortfall Determination Amount $278,035
===========
B) An amount equal to the excess of (i) over (ii):
(i)Minimum Senior Distribution Amount $266,878
(ii)Cash Shortfall Determination Amount 278,035
-----------
excess of (i) over (ii) $0
===========
C) Statement as to whether such Distribution Date is a NO
Trust Fund Shortfall Event Date 4.09(b) ?
A Trust Fund Shortfall Event occurs when the Minimum
Senior Distribution Amount exceeds the Cash Shortfall
Determination Amount
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Distributon Date: 15-Feb-96
Monthly Cut-Off Date: 31-Jan-96
TRANSAMERICA OCCIDENTAL
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-1
DISTRIBUTION DATE STATEMENT
Deficiency Event Determination Report (viii)
-----------------------------------------------------------------------------
A) Net Insurance Payment Amount
Subrogated Principal Distribution Amount $0
plus: Subrogated Interest Amount 0
-----------
Net Insurance Payment Amount $0
===========
B) Adjusted Certificate Value of all Mortgage Loans
(other than Defaulted Mortgage Loans)
the quotient of (i) divided by (ii):
(i)Senior Certificate Value as of preceding Monthly
Cut-Off Date (before (iii) of SMPB) of all
Mortgage Loans other than Defaulted Mortgage
Loans:
(a) all Mortgage Loans $28,803,353
(b) Less: Defaulted Mortgage Loans (6,609,532)
-----------
result of (i) 22,193,821 22,193,821
-----------
(ii)Senior Distribution Percentage 94.00%
-----------
Adjusted Certificate Value of all Mortgage
Loans (other than Defaulted Mortgage Loans) $23,610,554
===========
C) If an Insurer Default has occurred: NO
Excess of (1) over (2):
(1) 30 days' accrued interest - Class A-1 NA
30 days' accrued interest - Class A-2 NA
-----------
Total of (1) NA NA
-----------
(2) Cash Shortfall Determination Amount NA
-----------
excess of (1) over (2) NA
===========
D) Statement as to whether this is a Deficiency Event Date:
A Deficiency Event per 4.07(a) has occurred if:
either (i)(A) or (i)(B) or (i)(C) are true or if
(ii) is true and either (ii)(A) or (ii)(B) is true:
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(i):
(A) If (1) is greater than (2):
(1) Net Insurance Payment Amount $0
(2) $10,000,000 10,000,000
-----------
excess of (1) over (2): $0
===========
Therefore (1) is greater than (2): FALSE
(B) If (1) is less than (2):
(1) Adjusted Certificate Value of all Mortgage
Loans (other than Defaulted and Foreclosed
Mortgage Loans) the quotient of (i) divided
by (ii):
(i)Senior Certificate Value as of
preceding Monthly Cut-Off Date (before
(iii) of SMPB) of all Mortgage Loans
other than Defaulted and Foreclosed
Mortgage Loans:
(a) all Mortgage Loans $28,803,353
less:(b) Defaulted Mortgage Loans (6,609,532)
less:(c) Foreclosed Mortgage Loans (2,008,336)
-----------
result of (i) 20,185,485 20,185,485
-----------
(ii)Senior Distribution Percentage 94%
-----------
result of (1) 21,474,017 21,474,017
-----------
(2) Adjusted Certificate Principal Balance after
this payment 28,803,353
-----------
excess of (2) over (1) $7,329,336
===========
Therefore (1) is less than (2) TRUE
(C) Financial Security has delivered a notice stating that FALSE
this Distribution Date is a Deficiency Event Date
(ii): An Insurer Default has occured and is continuing FALSE
(A) If (a) is less than (b) and (c) is less than (d):
(a) Cash Shortfall Determination Amount $278,035
(b) Minimum Senior Distribution Amount 266,878
-----------
excess of (b) over (a) $0
===========
<PAGE>
(c) Adjusted Certificate Value of all Mortgage Loans 21,474,017
(other than Defaulted and Foreclosed Mortgage Loans)
(d) Certificate Principal Balance after this payment 28,803,353
-----------
excess of (d) over (c) $7,329,336
===========
Therefore (a) is less than (b) and (c) is less than (d) FALSE
(B) If (1) is less than (2):
(2) 30 days' accrued interest - Class A-1 60,134
30 days' accrued interest - Class A-2 147,784
-----------
Total of (2) 207,918 207,918
-----------
(1) Cash Shortfall Determination Amount 278,035
-----------
excess of (2) over (1) $0
===========
Therefore (1) is less than (2): FALSE
C) Conclusion as to whether this is a Deficiency Event Date per 4.07(a): NO
