John Deere Owner Trust 1999-A Exhibit 99.3
Servicer's Certificate
$167,300,000 Class A-1 4.9988%
Asset Backed Notes due June 19, 2000
$262,000,000 Class A-2 5.4660%
Asset Backed Notes due August 15, 2001
$186,000,000 Class A-3 5.9400%
Asset Backed Notes due October 15, 2002
$146,125,000 Class A-4 6.1200%
Asset Backed Notes due October 17, 2005
$32,230,000 6.100% Class B
Asset Backed Notes due October 17, 2005
$12,086,832 Asset Backed Certificates
Payment Date: 15-June-00
(1) Servicing Fee $415,292.39
Servicing Fee Shortfall $0.00
(2) Administration Fee: $100.00
Administration Fee Shortfall $0.00
(3) Total Distribution Amount: $21,308,564.48
(4) Noteholders' Interest Distributable
Amount applicable to A-1 Notes: $0.00
Noteholders' Interest Carryover
Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable
Amount applicable to A-2 Notes: $669,225.74
Noteholders' Interest Carryover
Shortfall applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Distributable
Amount applicable to A-3 Notes: $920,700.00
Noteholders' Interest Carryover
Shortfall applicable to A-3 Notes: $0.00
(7) Noteholders' Interest Distributable
Amount applicable to A-4 Notes: $745,237.50
Noteholders' Interest Carryover
Shortfall applicable to A-4 Notes: $0.00
(8) Noteholders' Interest Distributable
Amount applicable to B Notes: $102,055.42
Noteholders' Interest Carryover
Shortfall applicable to B Notes: $0.00
(9) Noteholders' Interest Distributable
Amount deposited into Note
Distribution Account: $2,437,218.66
Noteholders' Interest Carryover Shortfall: $0.00
(10) A-1 Noteholders' Monthly Principal
Distributable Amount: FALSE
% of Principal Distribution Amount
applicable to A-1 Noteholders: 0.00%
A-1 Noteholders' Principal Carryover
Shortfall: $0.00
A-1 Noteholders' Principal Distributable
Amount: $0.00
(11) A-2 Noteholders' Monthly Principal
Distributable Amount: $17,298,898.81
% of Principal Distribution Amount
applicable to A-2 Noteholders 94.50%
A-2 Noteholders' Principal Carryover
Shortfall: $0.00
A-2 Noteholders' Principal Distributable
Amount: $17,298,898.81
(12) A-3 Noteholders' Monthly Principal
Distributable Amount: $0.00
% of Principal Distribution Amount
applicable to A-3 Noteholders 0.00%
A-3 Noteholders' Principal Carryover
Shortfall: $0.00
A-3 Noteholders' Principal Distributable
Amount: $0.00
(13) A-4 Noteholders' Monthly Principal
Distributable Amount: $0.00
% of Principal Distribution Amount
applicable to A-4 Noteholders 0.00%
A-4 Noteholders' Principal Carryover
Shortfall: $0.00
A-4 Noteholders' Principal Distributable
Amount: $0.00
(14) B Noteholders' Monthly Principal
Distributable Amount: $732,228.52
% of Principal Distribution Amount
applicable to B Noteholders 4.00%
B Noteholders' Principal Carryover
Shortfall: $0.00
B Noteholders' Principal Distributable
Amount: $732,228.52
(15) Noteholders' Principal Distribution
Amount deposited into Note Distribution
Account: $18,031,127.33
Noteholders' Principal Carryover
Shortfall: $0.00
(16) Noteholders' Distributable Amount: $20,468,345.99
(17) Amount to be withdrawn from the Reserve
Account and deposited into Note
Distribution Account: $0.00
Interest Amount included above: $0.00
Principal Amount included above: $0.00
(18) Deposit to Reserve Account from
Collection Account to increase the amount
on deposit in the Reserve Account to the
Specified Reserve Account Balance: $0.00
(19) Certificateholders' Interest
Distributable Amount: $0.00
Certificateholders' Interest
Carryover Shortfall: $0.00
(20) Certificateholders' Principal
Distributable Amount applicable
to current period: $274,585.70
% of Principal Distribution Amount
applicable to Certificate holders: 1.50%
Certificateholders' Principal
Carryover Shortfall: $0.00
Certificateholders' Principal
Distributable Amount: $274,585.70
(21) Certificateholders' Distributable Amount: $274,585.70
(22) Deposit to Reserve Account
(from excess collections): $150,240.40
(23) Specified Reserve Account Balance
(after all distributions and adjustments): $14,100,482.07
(24) Reserve Account Balance over the
Specified Reserve Account Balance
(before any distribution of excess): $14,250,722.47
(25) Excess Reserve Account Balance
Distributable to Seller (5.05(b)(i)
or (ii)): $150,240.40
(26) Note Value as of the end of the
related Collection Period $483,606,178.06
(27) Pool Balance (excluding Accrued
Interest) as of close of business
on the last day of the related
Collection Period: $479,545,561.41
(28) After giving effect to all
distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance
of A-2 Notes: $124,882,837.45
A-2 Note Pool Factor: 0.4766521
Outstanding Principal Balance
of A-3 Notes: $186,000,000.00
A-3 Note Pool Factor: 1.0000000
Outstanding Principal Balance
of A-4 Notes: $146,125,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance
of B Notes: $19,344,247.12
B Note Pool Factor: 0.6001938
Outstanding Principal Balance of the
Certificates: $7,254,092.67
Certificate Pool Factor: 0.6001649
(29) Aggregate Purchase Amounts for related
Collection Period: $0.00
(30) Reserve Account Balance after giving
effect to all distributions: $14,100,482.07
(31) Specified Reserve Account Balance (after
all distributions and adjustments): $14,100,482.07
(32) Amount of Realized Losses for the
related collection period: $326,958.00
(33) Amount of Payments that are more
than 60 days past due: $1,587,635.00
