SUPERIOR BANK FSB
8-K, 1996-07-29
ASSET-BACKED SECURITIES
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- -------------------------------------------------------------------------------


                       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) July 18, 1996

SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of June 1, 1996, providing for the issuance of AFC Mortgage Loan Asset Backed
Certificates, Series 1996-2)

                                Superior Bank FSB
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

     United States                    333-4492                  36-1414142
- ----------------------------       --------------         ----------------------
(State or Other Jurisdiction        (Commission              (I.R.S. Employer
of Incorporation)                   File Number)          Identification Number)

One Lincoln Centre
Oakbrook Terrace, Illinois                                      60181
- --------------------------                                    ----------
(Address of Principal                                         (Zip Code)
Executive Offices)

Registrant's telephone number, including area code (708) 916-4000

- -------------------------------------------------------------------------------


<PAGE>


                                       -2-

Item 2.  Acquisition or Disposition of Assets

Description of the Certificates, Sub-Pool 1 and Sub-Pool 2

     On June 19, 1996, a single series of certificates, entitled AFC Mortgage
Loan Asset Backed Certificates, Series 1996-2 (the "Certificates") were issued
pursuant to a pooling and servicing agreement (the "Agreement"), dated as of
June 1, 1996, among Superior Bank FSB, as depositor (the "Depositor"), Lee
Servicing Company, a division of Superior Bank FSB, as servicer (the "Servicer")
and LaSalle National Bank, as trustee (the "Trustee").

     On June 27, 1996, following the closing of the initial issuance of the
Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $36,143,509.65 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, and $20,481,138.71
with respect to Sub-Pool 2 with funds on deposit in the Sub-Pool 2 Pre-Funding
Account, both established pursuant to the Agreement at a purchase price equal to
the principal balance thereof, which Subsequent Mortgage Loans were conveyed to
the Trustee pursuant to a Subsequent Transfer Instrument, dated June 27, 1996,
between the Depositor and the Trustee (the "June 27 Instrument"). Attached to
the June 27 Instrument is the Mortgage Loan Schedule with respect to each
Sub-Pool listing the related Subsequent Mortgage Loans that are the subject of
such June 27 Instrument.

     On July 18, 1996, following the closing of the initial issuance of the
Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $17,336,661.21 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, and $11,159,673.45
with respect to Sub-Pool 2 with funds on deposit in the Sub-Pool 2 Pre-Funding
Account, both established pursuant to the Agreement at a purchase price equal to
the principal balance thereof, which Subsequent Mortgage Loans were conveyed to
the Trustee pursuant to a Subsequent Transfer Instrument, dated July 18, 1996,
between the Depositor and the Trustee (the "July 18 Instrument"). Attached to
the July 18 Instrument is the Mortgage Loan Schedule with respect to each
Sub-Pool listing the related Subsequent Mortgage Loans that are the subject of
such July 18 Instrument.

     Items 3 through 6 and Item 8 are not included because they are not
applicable.


<PAGE>


                                       -3-

Item 7. Financial Statements and Exhibits

     (a) Not applicable

     (b) Not applicable

     (c) Exhibits

     4.3 Subsequent Transfer Instrument, dated July 18, 1996, between Superior
Bank FSB as Depositor and LaSalle National Bank as Trustee.


<PAGE>


                                       -4-

                                   SIGNATURES

     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.

                                         SUPERIOR BANK FSB

                                         By:  /s/ William C. Bracken
                                            ------------------------------------
                                         Name:  William C. Bracken
                                         Title: Senior Vice President and
                                                Chief Financial Officer

Dated:  July 18, 1996


<PAGE>


                                       -5-

                                 EXHIBITS TABLE

     4.3 Subsequent Transfer Instrument, dated July 18, 1996, between Superior
Bank FSB as Depositor and LaSalle National Bank as Trustee.






                    SUBSEQUENT TRANSFER INSTRUMENT NUMBER TWO

     Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
July 18, 1996, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-2, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of June 1, 1996, among Superior Bank
FSB, as Depositor, Lee Servicing Company, a Division of Superior Bank FSB, as
Servicer, and LaSalle National Bank, as Trustee (the "Pooling and Servicing
Agreement"), the Depositor and the Trustee agree to the sale by the Depositor
and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage
Loan listed on the attached Schedule of Mortgage Loans (the "Subsequent Mortgage
Loan").

     Capitalized terms used and not defined herein have their respective
meanings as set forth in the Pooling and Servicing Agreement.

     Section 1. Conveyance of Subsequent Mortgage Loans.

     (a) The Depositor does hereby sell, transfer, assign, set over and convey
to the Trustee, on behalf of the Trust Fund, without recourse, all of its right,
title and interest in and to the Subsequent Mortgage Loan, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage Loan
after the related Subsequent Cut-Off Date, and all items with respect to the
Subsequent Mortgage Loan to be delivered pursuant to Section 2.04 of the Pooling
and Servicing Agreement; provided, however that the Depositor reserves and
retains all right, title and interest in and to amounts (including Prepayments,
Curtailments and Excess Payments) due on the Subsequent Mortgage Loan on or
prior to the related Subsequent Cut-off Date. The Depositor, contemporaneously
with the delivery of this Agreement, has delivered or caused to be delivered to
the Trustee or, if a Custodian has been appointed pursuant to Section 12.12 of
the Pooling and Servicing Agreement, to the Custodian each item set forth in
Section 2.04 of the Pooling and Servicing Agreement. The transfer to the Trustee
by the Depositor of the Subsequent Mortgage Loan identified on the Mortgage Loan
Schedule shall be absolute and is intended by the Depositor, the Servicer, the
Trustee and the Certificateholders to constitute and to be treated as a sale by
the Depositor to the Trust Fund.

     (b) The expenses and costs relating to the delivery of the Subsequent
Mortgage Loan, this Instrument and the Pooling and Servicing Agreement shall be
borne by the Depositor.

     (c) Additional terms of the sale are set forth on Attachment A hereto.

                                        1

<PAGE>


     Section 2. Representations and Warranties; Conditions Precedent.

     (a) The Depositor hereby affirms the representations and warranties set
forth in Section 3.02 of the Pooling and Servicing Agreement that relate to the
Subsequent Mortgage Loan as of the date hereof. The Depositor hereby confirms
that each of the conditions set forth in Section 2.10(b), and as applicable,
Section 2.10(c) or Section 2.10(d), of the Pooling and Servicing Agreement are
satisfied as of the date hereof.

     (b) All terms and conditions of the Pooling and Servicing Agreement are
hereby ratified and confirmed; provided, however, that in the event of any
conflict the provisions of this Instrument shall control over the conflicting
provisions of the Pooling and Servicing Agreement.

     Section 3. Recordation of Instrument.

     To the extent permitted by applicable law, this Instrument, or a memorandum
thereof if permitted under applicable law, is subject to recordation in all
appropriate public offices for real property records in all of the counties or
other comparable jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public recording office
or elsewhere, such recordation to be effected by the Servicer at the
Certificateholders' expense on direction of the related Majority
Certificateholders, but only when accompanied by an Opinion of Counsel to the
effect that such recordation materially and beneficially affects the interests
of the Certificateholders or is necessary for the administration or servicing of
the Mortgage Loans.

     Section 4. Governing Law.

     This Instrument shall be construed in accordance with the laws of the State
of New York and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws, without giving effect to
principles of conflicts of law.

     Section 5. Counterparts.

     This Instrument may be executed in one or more counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original; such counterparts, together, shall
constitute one and the same instrument.

                                        2

<PAGE>



     Section 6. Successors and Assigns.

     This Instrument shall inure to the benefit of and be binding upon the
Depositor and the Trustee and their respective successors and assigns.

                                       SUPERIOR BANK FSB

                                       By:     /s/ William C. Bracken
                                          --------------------------------------
                                       Name:   William C. Bracken
                                       Title:  Senior Vice President and
                                               Chief Financial Officer

                                       AFC MORTGAGE LOAN ASSET
                                       BACKED CERTIFICATES, SERIES 1996-2

                                       By: LASALLE NATIONAL BANK,
                                              as Trustee

                                       By:     /s/ Shashank Mishra
                                          --------------------------------------
                                       Name:   Shashank Mishra
                                       Title:  Vice President

Attachments

     A. Additional terms of the sale.
     B. Schedule of Subsequent Mortgage Loans.
     C. Opinions of Depositor's counsel (bankruptcy, corporate).
     D. Depositor's Officer's certificate.
     E. Opinion of Trustee's Counsel.

                                        3

<PAGE>



           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-2
            ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT NUMBER TWO
                                 FOR SUB-POOL 1
                                  Series 1996-2
                                  July 18, 1996

A.

     1. Subsequent Cut-off Date:                               July 17, 1996
     2. Pricing Date:
     3. Subsequent Transfer Date:                              July 18, 1996
     4. Aggregate Principal Balance of the
        Subsequent Mortgage Loans as of the
        Subsequent Cut-off Date:                               $17,336,661.21
     5. Purchase Price:                                           100.00%

B.

     As to all the Subsequent Mortgage Loans the subject of this Instrument:

     1. Shortest original term to maturity:                       120  months
     2. Longest original term to maturity:                        360 months
     3. Lowest Mortgage Rate:                                     8.40%
     4. Greatest Combined Loan-to-Value Ratio:                    90.00%
     5. Largest Principal Balance                              $375,000.00

     [As to the final transfer of Subsequent Mortgage Loans:]

     6. WAC of all Mortgage Loans:                               _____ %
     7. WAM of all Mortgage Loans:                               _____ %
     8. Weighted average CLTV:                                   _____ %
     9. Balloon Loans:                                           _____ %
    10. Largest Principal Balance:                              $________
    11. Non-owner occupied Mortgaged Properties:                 _____ %
    12. Maximum zip code concentration:                          _____ %
    13. Condominiums:                                            _____ %
    14. Single-family:                                           _____ %
    15. Weighted average term since origination:                 _____ months
    16. [August/September/October] first payment date:           _____ %

                                        4

<PAGE>



           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-2
            ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT NUMBER TWO
                                 FOR SUB-POOL 2
                                  Series 1996-2
                                  July 18, 1996

A.

     1. Subsequent Cut-off Date:                                 July 17, 1996
     2. Pricing Date:
     3. Subsequent Transfer Date:                                July 18, 1996
     4. Aggregate Principal Balance of the Subsequent
        Mortgage Loans as of the Subsequent Cut-off Date:        $11,159,673.45
     5. Purchase Price:                                          100.00%

B.

     As to all the Subsequent Mortgage Loans the subject of this Instrument:

     1. Shortest original term to maturity:                      360 months
     2. Longest original term to maturity:                       360 months
     3. Minimum Gross Margin:                                    3.75%
     4. Greatest LTV:                                            90.00%
     5. Largest Principal Balance:

     [As to the final transfer of Subsequent Mortgage Loans:]

     6. Maximum Mortgage Rate:                                     _____ %
     7. Weighted average Gross Margin of all Mortgage Loans:       _____ %
     8. WAC of all Mortgage Loans:                                 _____ %
     9. WAM of all Mortgage Loans:                                 _____ %
    10. Balloon Loans:                                             _____ %
    11. Largest Principal Balance:                                $________
    12. Non-owner occupied Mortgaged Properties:                   _____ %
    13. Maximum zip code concentration:                            _____ %
    14. Condominiums:                                              _____ %
    15. Single-family:                                             _____ %
    16. Weighted average term since origination:                   _____ months
    17. [August/September/October] first payment date:             _____ %

                                       5

<PAGE>



                                 ADDITION NOTICE

                                                  Date:  July 18, 1996

LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603

   Re:  Pooling and Servicing Agreement, dated as of June 1,
        1996, between Superior Bank FSB, as seller (the
        "Depositor"), LaSalle National Bank as trustee (the
        "Trustee") and Lee Servicing Company, a division of
        the Depositor, as servicer, relating to AFC Mortgage
        Loan Asset Backed Certificates, Series 1996-2
        Sub-Pool 1

Ladies and Gentlemen:

     Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loan to be sold
to the Trust Fund on July 18, 1996, with an aggregate principal balance of
$17,330,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.

     Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.

                                                Very truly yours,

*Approximate

                                                SUPERIOR BANK FSB

                                                By: /s/ JOHN A. SORICELLI
                                                   -----------------------------
                                                Name:   John A. Soricelli
                                                Title:  Vice President

ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By:    /s/ Shashank Mishra
   ----------------------------
Name:  Shashank Mishra
Title: Vice President
Date:  July 18, 1996

<PAGE>



                                 ADDITION NOTICE

                                                    Date:  July 18, 1996

LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603

   Re:   Pooling and Servicing Agreement, dated as of June 1,
         1996, between Superior Bank FSB, as seller (the
         "Depositor"), LaSalle National Bank as trustee (the
         "Trustee") and Lee Servicing Company, a division of
         the Depositor, as servicer, relating to AFC Mortgage
         Loan Asset Backed Certificates, Series 1996-2
         Sub-Pool 2
         -----------------------------------------------------

Ladies and Gentlemen:

     Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated Subsequent Mortgage Loans to be sold to
the Trust Fund on July 18, 1996, with an aggregate principal balance of
$11,150,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.

     Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.

                                                 Very truly yours,

*Approximate

                                                 SUPERIOR BANK FSB

                                                 By: /s/ JOHN A. SORICELLI
                                                    ----------------------------
                                                 Name:   John A. Soricelli
                                                 Title:  Vice President

ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By:    /s/ Shashank Mishra
   ---------------------------
Name:  Shashank Mishra
Title: Vice President
Date:  July 18, 1996

<PAGE>


                              OFFICER'S CERTIFICATE

     I, William Bracken hereby certify that I am the duly elected Senior Vice
President and Chief Financial Officer of Superior Bank FSB, a federally
chartered stock savings bank (the "Depositor"), and further, to the best of my
knowledge and after due inquiry, as follows:

               Each condition precedent specified in Section 2.10(b), Section
          2.10(c) and Section 2.10(d) for the Subsequent Mortgage Loans of the
          Pooling and Servicing Agreement, dated as of June 1, 1996, among the
          Depositor, Lee Servicing Company, a division of Superior Bank FSB, and
          LaSalle National Bank, as Trustee (the "Pooling and Servicing
          Agreement") and each condition precedent specified in Subsequent
          Transfer Instrument has been satisfied by the Depositor.

     Capitalized terms not otherwise defined herein have the meanings set forth
in the Pooling and Servicing Agreement.

     IN WITNESS WHEREOF, I have hereunto signed my name.

Dated: July 18, 1996                        By:   /s/ WILLIAM C. BRACKEN
                                               ---------------------------------
                                            Name:  William C. Bracken
                                            Title: Senior Vice President and
                                                   Chief Financial Officer
<PAGE>
<TABLE>
                                                                                                                     Page 1  7/18/96
Alliance Funding Company                                           Sale Schedule
A division of Superior Bank FSB     1996-2 Class 1 - 2nd Subsequent Transfer of Fixed Rate Mortgages  -  Settlement 7/18/96
<CAPTION>
                                                                                                                   Principal
                                                                                                        Zip        Balance at
Sale ID  Account        Name                           Address                   City            State  Code      Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>       <C>      
SB38    10266104073   BATES MICHAEL J             154 SOUTH SETTLERS DRIVE      COALVILLE          UT   84017       28,200.00
SB38    10266105013   GRECO ANGELO JR             518 EAST 18TH STREET          PATERSON           NJ   07514      112,000.00
SB38    10266105152   DRAPER JAMES S              1833 SOUTH 543 EAST           OREM               UT   84058       15,000.00
SB38    10266105282   ETTIENNE ELIZABETH          1965 DUTCH BROADWAY           ELMONT             NY   11003      136,000.00
SB38    10266106339   SETALSINGH MONICA V         60 VIOLET STREET              MATTAPAN           MA   02126       23,000.00
SB38    10266107369   MAURIELLO DIANE L           124 PROSPECT POINT ROAD       JEFFERSON TOWNSHIP NJ   07849      147,750.00
SB38    10266107767   MACIASZEK KENNETH A         1106 BARR RUN ROAD            MARIANNA TOWNSHIP  PA   15345       45,500.00
SB38    10266108329   MEJIA SALVADOR E            9500 POLLOCK LANE             SALINAS            CA   93907       28,358.00
SB38    10266108869   NATOSI PHILIP J             852 FLEXER AVENUE             ALLENTOWN          PA   18103       55,000.00
SB38    10266108894   SCHWARTZ DENNIS             574 ELBRIDGE ROAD             MORRISVILLE        PA   19067       20,100.00
SB38    10266109068   LENO STEVEN D               1615 GAY STREET               LONGMONT           CO   80501      123,250.00
SB38    10266109173   WILSON CARLOS               269 PACIFIC AVENUE            JERSEY CITY        NJ   07304       63,000.00
SB38    10266109205   JENSEN PAUL L               5941 SOUTH PATOMAC DRIVE      MURRAY             UT   84123       48,500.00
SB38    10266109472   SAUNDERS WINONA H           405 NE 57TH AVENUE            PORTLAND           OR   97123       71,000.00
SB38    10266109483   BOWMAN RICHARD A            4060 E GRANDVIEW STREET       MESA               AZ   85205       48,000.00
SB38    10266109906   GLACE SOPHIE R              116 MOUNT TOP ROAD            WELLSVILLE         PA   17365       84,000.00
SB38    10266109988   MOORE CHARLES W             23433 HAZELWOOD               HAZEL PARK         MI   48030       38,500.00
SB38    10266110044   BENDTSEN THOMAS V           20 SUNNYSIDE PLACE            VERONA             NJ   07044      130,000.00
SB38    10266110313   LI ZHI XIONG                28 NORTH DELANCY PLACE        ATLANTIC CITY      NJ   08401       93,500.00
SB38    10266110617   LAWHORN GLENWOOD            246 SOUTH GOVERNORS BOULEVARD DOVER              DE   19901       54,000.00
SB38    10266110657   SCOTT ROBERT G              3721 SOUTH BOUNTIFUL BLVD     BOUNTIFUL          UT   84010       57,900.00
SB38    10266110680   GALKIN MARLIS L             19 RIDGE STREET               GREENWICH          CT   06830      236,600.00
SB38    10266110870   SALPIETRO VINCENT L         85 SPOOK ROCK ROAD            SUFFERN            NY   10901       35,000.00
SB38    10266111079   FINKELDAY RICHARD           68 LINCOLN AVENUE             FAIRVIEW           NJ   07022      110,250.00
SB38    10266111127   NORD SUSAN S                5395 CHEVY CHASE CIRCLE       SALT LAKE CITY     UT   84117       37,000.00
SB38    10266111205   JOHNSON DAVID LAWRENCE      3302 SOUTH 76TH STREET        TACOMA             WA   98409       20,070.00
SB38    10266111206   COKER WILLIAM D             6938 W MELVIN STREET          PHOENIX            AZ   85043       53,450.00
SB38    10266111925   CARULLO ANNE                35 SUN VALLEY ROAD            RAMSEY             NJ   07446      300,000.00
SB38    10266112047   RODRIGUEZ OSCAR R           424 FRANCIS STREET            JOLIET             IL   60432       20,000.00
SB38    10266112283   KUNKLE DWAYNE               7419 VETNOR DRIVE             TOBYHANNA          PA   18466       67,600.00
SB38    10266112444   JAMES JUNE V                8949 SOUTH COTTAGE GROVE      CHICAGO            IL   60619       27,000.00
SB38    10266112528   ENSALATA VICTOR             861 PROVOST AVENUE            BELLPORT           NY   11713       49,600.00
SB38    10266112529   BAILEY W CHRISTINE          30 LURGAN AVENUE              SHIPPENSBURG       PA   17257       58,400.00
SB38    10266112732   SPEER SR WILLIAM D          7404 WEST 59TH AVENUE         ARVADA             CO   80003       15,500.00
SB38    10266112908   WRIGHT LEWIS                136 FABIAN AVENUE             NORTHFIELD         NJ   08225       80,665.00
SB38    10266113065   CONTNER DREAMA              347 NUNNER ROAD               MAINEVILLE         OH   45039       17,700.00
SB38    10266113176   MORELLS LISA B              1832 21ST AVENUE N            SAINT PETERSBURG   FL   33713       42,400.00
SB38    10266113440   GIBO JOHN A                 2310 OVERLAND AVENUE          SINKING SPRING     PA   19608      140,975.00
SB38    10266113758   HILL WALTER B               569 SUWANEE CIRCLE            TAMPA              FL   33606       27,000.00
SB38    10266113791   DESERANNO CHARLES E II      4656 JANICE AVENUE NE         SALEM              OR   97305       92,000.00
SB38    10266114357   BRIGGS SANDRA SUE           4052 SOUTH 3550 WEST          WEST VALLEY CITY   UT   84119       42,600.00
SB38    10266114404   HAUS TERRY E SR             3537 E ST JOHN ROAD           PHOENIX            AZ   85032       66,000.00
SB38    10266114478   DUNCAN IVAN L               1811 ERLEN ROAD               CHELTENHAM         PA   19027       24,000.00
SB38    10266114599   MILLER ROBERT               414 DOGWOOD LANE              WILMINGTON         NC   28409       13,600.00
SB38    10266114610   BERIE DAVID B               6537 OHIO RIVER BLVD          BEN AVON           PA   15202       18,100.00
SB38    10266114783   ROWETT TIMOTHY J            354 EAST LAKE SHORE DRIVE     VERNON             NJ   07462       82,500.00
SB38    10266114837   LEFEVERS RANDALL            579 99TH AVE N                NAPLES             FL   33963       58,000.00
SB38    10266114942   WILSON MARK A JR            9503 PURFOY RD                FUQUAY-VARINA      NC   27526       66,000.00
SB38    10266115005   MERCER DANIEL JAMES         225 W LAWRENCE RD             PHOENIX            AZ   85013       67,543.00
SB38    10266115021   QROZCO JULIO R              978 EAST BLUE HERON CIRCLE    DRAPER             UT   84020       14,900.00
SB38    10266115036   JONES DOUGLAS W             311 NE 58TH STREET            FORT LAUDERDALE    FL   33334       74,400.00
SB38    10266115052   STRATTON TROY D             1103 NORTH TSCHIRLEY COURT    GREENACRES         WA   99016       17,949.00
SB38    10266115145   DZWONKIEWICZ EUDORA         6462 2ND AVE N.               SAINT PETERSBURG   FL   33710       11,000.00
SB38    10266115152   WINCHELL KARL A             2955 JOSEPHINE STREET         DENVER             CO   80205       19,500.00
SB38    10266115162   ROBINSON JOHN WADE          164 WEST 3300 SOUTH           BOUNTIFUL          UT   84010       44,756.00
SB38    10266115184   GIRARDI JANICE P            12 ROCKLAND AVENUE            PORT CHESTER       NY   10573      170,000.00
SB38    10266115217   CAUSEY GALE SIMPSON         7110 SE LAFAYETTE STREET      PORTLAND           OR   97206       84,800.00
SB38    10266115242   REBELOS JOHN                151 LATOUR ROAD               SEQUIM             WA   98382      125,000.00
SB38    10266115259   MOTIE LOLITA                1441 LELAND AVENUE            BRONX              NY   10460      150,000.00
SB38    10266115297   HAAS JOHN E                 1614 CATHERINE ST             HARRISBURG         PA   17104       16,200.00
SB38    10266115330   SCRAFFORD ROBERT JOHN       31356 NORTHWEST KAYBERN STREE NORTH PLAINS       OR   97133       43,450.00
SB38    10266115387   WINTERS SCOTT E             188 NORTH 100 EAST            ALPINE             UT   84004       12,500.00
<CAPTION>
                                                Cut-off Date  First                                 Original  Current    Scheduled
                                                 Principal   Payment   Maturity    Rem      Date       LTV    Mortgage    Payment
Sale ID  Account        Name                      Balance      Date      Date      Term     Due       Ratio     Rate    Int & Prin
- ----------------------------------------------------------------------------------------------------------------------------------
<S>    <C>           <C>                        <C>          <C>       <C>       <C>      <C>         <C>      <C>    <C>   
SB38   10266104073   BATES MICHAEL J              28,041.10  03/23/96  02/23/11   175.23  07/23/96     82.6    13.190     360.33
SB38   10266105013   GRECO ANGELO JR             111,949.27  06/22/96  05/22/11   178.16  07/22/96     70.0    11.500   1,109.13
SB38   10266105152   DRAPER JAMES S               14,941.20  05/16/96  04/16/11   176.98  08/16/96     84.8    12.700     162.42
SB38   10266105282   ETTIENNE ELIZABETH          136,000.00  07/01/96  06/01/11   178.49  08/01/96     80.0    13.500   1,557.76
SB38   10266106339   SETALSINGH MONICA V          23,000.00  07/11/96  06/11/11   178.82  07/11/96     37.6    10.800     258.54
SB38   10266107369   MAURIELLO DIANE L           147,493.02  07/05/96  06/05/16   238.62  08/05/96     75.0    13.100   1,741.54
SB38   10266107767   MACIASZEK KENNETH A          45,500.00  07/14/96  06/14/11   178.92  07/14/96     75.8    10.250     407.73
SB38   10266108329   MEJIA SALVADOR E             28,358.00  07/01/96  06/01/11   178.49  08/01/96     90.0    12.350     299.36
SB38   10266108869   NATOSI PHILIP J              55,000.00  06/16/96  05/16/26   357.96  07/16/96     86.1    10.350     496.95
SB38   10266108894   SCHWARTZ DENNIS              20,100.00  07/11/96  06/11/06   118.82  07/11/96     89.8    11.400     281.45
SB38   10266109068   LENO STEVEN D               123,250.00  07/05/96  06/05/26   358.62  08/05/96     85.0    11.500   1,220.53
SB38   10266109173   WILSON CARLOS                62,745.55  07/07/96  06/07/11   178.68  08/07/96     84.0     8.400     616.70
SB38   10266109205   JENSEN PAUL L                48,427.82  06/01/96  05/01/11   177.47  08/01/96     87.5    12.350     511.98
SB38   10266109472   SAUNDERS WINONA H            71,000.00  07/14/96  06/14/11   178.92  07/14/96     64.5    10.700     660.10
SB38   10266109483   BOWMAN RICHARD A             48,000.00  07/07/96  06/07/11   178.68  08/07/96     89.8    11.000     457.12
SB38   10266109906   GLACE SOPHIE R               84,000.00  07/13/96  06/13/11   178.88  08/13/96     60.0    11.100     806.31
SB38   10266109988   MOORE CHARLES W              38,412.31  07/05/96  06/05/16   238.62  08/05/96     70.0     9.990     371.28
SB38   10266110044   BENDTSEN THOMAS V           130,000.00  07/12/96  06/12/11   178.85  08/12/96     78.7    11.990   1,336.20
SB38   10266110313   LI ZHI XIONG                 93,500.00  07/18/96  06/18/11   179.05  07/18/96     85.0    11.750     943.80
SB38   10266110617   LAWHORN GLENWOOD             54,000.00  07/14/96  06/14/26   358.92  08/14/96     85.7    10.900     510.18
SB38   10266110657   SCOTT ROBERT G               57,900.00  06/01/96  05/01/11   177.47  08/01/96     79.8    12.550     620.19
SB38   10266110680   GALKIN MARLIS L             236,600.00  06/01/96  05/01/26   357.47  08/01/96     70.0     9.250   1,946.45
SB38   10266110870   SALPIETRO VINCENT L          35,000.00  06/20/96  05/20/11   178.09  07/20/96     59.9    15.000     489.86
SB38   10266111079   FINKELDAY RICHARD           110,221.81  07/14/96  06/14/11   178.92  08/14/96     90.0    10.250     987.95
SB38   10266111127   NORD SUSAN S                 36,784.96  06/06/96  05/06/11   177.63  08/06/96     74.3    15.100     520.38
SB38   10266111205   JOHNSON DAVID LAWRENCE       20,070.00  07/07/96  06/07/11   178.68  07/07/96     80.0    11.700     201.82
SB38   10266111206   COKER WILLIAM D              53,443.67  07/07/96  06/07/26   358.68  08/07/96     84.9    11.750     539.53
SB38   10266111925   CARULLO ANNE                300,000.00  07/01/96  06/01/26   358.49  08/01/96     77.9    11.790   3,037.43
SB38   10266112047   RODRIGUEZ OSCAR R            20,000.00  07/12/96  06/12/11   178.85  07/12/96     34.4    13.990     266.21
SB38   10266112283   KUNKLE DWAYNE                67,600.00  07/15/96  06/15/11   178.95  07/15/96     80.0     9.050     546.36
SB38   10266112444   JAMES JUNE V                 27,000.00  07/10/96  06/10/16   238.78  07/10/96     54.0    11.750     292.60
SB38   10266112528   ENSALATA VICTOR              49,600.00  07/12/96  06/12/11   178.85  07/12/96     70.8     9.250     408.05
SB38   10266112529   BAILEY W CHRISTINE           58,400.00  07/13/96  06/13/11   178.88  07/13/96     80.0    10.500     645.55
SB38   10266112732   SPEER SR WILLIAM D           15,500.00  07/10/96  06/10/11   178.78  08/10/96     66.6    11.850     184.53
SB38   10266112908   WRIGHT LEWIS                 80,665.00  07/01/96  06/01/11   178.49  08/01/96     85.0    12.200     842.17
SB38   10266113065   CONTNER DREAMA               17,700.00  06/28/96  05/28/16   238.36  06/28/96     74.2    10.490     176.59
SB38   10266113176   MORELLS LISA B               42,400.00  06/28/96  05/28/11   178.36  07/28/96     80.0    12.850     464.06
SB38   10266113440   GIBO JOHN A                 140,822.14  07/01/96  06/01/26   358.49  08/01/96     89.9    11.150   1,358.54
SB38   10266113758   HILL WALTER B                27,000.00  07/11/96  06/11/06   118.82  07/11/96     70.6    10.900     370.40
SB38   10266113791   DESERANNO CHARLES E II       92,000.00  07/10/96  06/10/11   178.78  07/10/96     65.0    10.500     841.56
SB38   10266114357   BRIGGS SANDRA SUE            42,589.14  07/05/96  06/05/11   178.62  08/05/96     79.9    13.350     482.92
SB38   10266114404   HAUS TERRY E SR              65,925.19  07/12/96  06/12/11   178.85  08/12/96     82.5     9.250     542.97
SB38   10266114478   DUNCAN IVAN L                23,875.44  07/10/96  06/10/06   118.78  08/10/96     26.6    11.800     341.56
SB38   10266114599   MILLER ROBERT                13,600.00  07/14/96  06/14/11   178.92  07/14/96     79.9    12.950     171.63
SB38   10266114610   BERIE DAVID B                18,100.00  07/05/96  06/05/11   178.62  07/05/96     84.8    13.700     237.41
SB38   10266114783   ROWETT TIMOTHY J             82,385.64  07/12/96  06/12/11   178.85  08/12/96     75.0    10.990     785.04
SB38   10266114837   LEFEVERS RANDALL             58,000.00  07/11/96  06/11/11   178.82  08/11/96     55.8    11.950     594.36
SB38   10266114942   WILSON MARK A JR             65,877.53  07/10/96  06/10/16   238.78  08/10/96     89.8    11.350     697.03
SB38   10266115005   MERCER DANIEL JAMES          67,543.00  07/11/96  06/11/11   178.82  08/11/96     84.9    12.800     845.71
SB38   10266115021   QROZCO JULIO R               14,893.86  07/10/96  06/10/11   178.78  08/10/96     84.8    12.250     156.14
SB38   10266115036   JONES DOUGLAS W              74,400.00  07/01/96  06/01/26   358.49  08/01/96     80.0    10.700     691.72
SB38   10266115052   STRATTON TROY D              17,949.00  07/11/96  06/11/11   178.82  07/11/96     88.3    12.150     186.70
SB38   10266115145   DZWONKIEWICZ EUDORA          10,944.96  07/18/96  06/18/06   119.05  08/18/96     62.1    11.200     152.77
SB38   10266115152   WINCHELL KARL A              19,500.00  07/12/96  06/12/11   178.85  08/12/96     84.9    11.400     191.62
SB38   10266115162   ROBINSON JOHN WADE           44,756.00  07/14/96  06/14/11   178.92  07/14/96     74.9    11.450     521.41
SB38   10266115184   GIRARDI JANICE P            170,000.00  06/15/96  05/15/11   177.93  07/15/96     85.0     9.650   1,448.09
SB38   10266115217   CAUSEY GALE SIMPSON          84,800.00  07/04/96  06/04/26   358.59  08/04/96     80.0    12.450     901.75
SB38   10266115242   REBELOS JOHN                124,901.82  07/10/96  06/10/11   178.78  08/10/96     44.6    10.950   1,185.68
SB38   10266115259   MOTIE LOLITA                149,899.22  07/01/96  06/01/11   178.49  08/01/96     80.0     9.850   1,598.17
SB38   10266115297   HAAS JOHN E                  16,200.00  07/10/96  06/10/11   178.78  07/10/96     60.0    10.500     179.07
SB38   10266115330   SCRAFFORD ROBERT JOHN        43,450.00  07/11/96  06/11/11   178.82  07/11/96     84.6    12.700     470.48
SB38   10266115387   WINTERS SCOTT E              12,480.45  06/06/96  05/06/11   177.63  08/06/96     89.5    12.840     156.84
</TABLE>
<PAGE>
<TABLE>
                                                                                                                     Page 2  7/18/96
Alliance Funding Company                                           Sale Schedule
A division of Superior Bank FSB     1996-2 Class 1 - 2nd Subsequent Transfer of Fixed Rate Mortgages  -  Settlement 7/18/96
<CAPTION>
                                                                                                                   Principal
                                                                                                        Zip        Balance at
Sale ID  Account        Name                           Address                   City            State  Code      Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>       <C>      
SB38    10266115423   WOODS ANTHONY D             8121 177TH AVENUE COURT KPS   LONGBRANCH         WA   98351      105,000.00
SB38    10266115439   DELLAROCCO JOSEPH           298-300 OLIVIA STREET         DERBY              CT   06418       88,000.00
SB38    10266115458   CRAWFORD SHAWN C            2805 BOXWOOD PLACE            COLORADO SPRINGS   CO   80920       15,000.00
SB38    10266115537   RILEY STEVE R               617 ORCHARD ST.               ELSMERE            KY   41018       40,000.00
SB38    10266115600   SEROCK EDWARD S             13819 93RD AVENUE NORTHWEST   GIG HARBOR         WA   98329       31,000.00
SB38    10266115645   BERNARD KEITH               28-22 MOTT AVENUE             FAR ROCKAWAY       NY   11691      135,200.00
SB38    10266115759   WHITING KENNETH D           14437 SOUTHEAST HILLGROVE COU PORTLAND           OR   97267       56,000.00
SB38    10266115828   HESLINGTON BART             2846 WEST 4425 SOUTH          ROY                UT   84067       19,932.00
SB38    10266115887   TUCEK JAMES J               57 MIDWOOD AVENUE             NESCONSET          NY   11767      101,000.00
SB38    10266115894   ROSE ANTHONY H SR           2804 SUNSET RIDGE STREET      DELTONA            FL   32725       89,250.00
SB38    10266115945   GALLEN GAYLE E              870 FAIRFAX ROAD              DREXEL HILL        PA   19026       70,000.00
SB38    10266116084   BAHL CHARLES A              3396 WASHINGTON PIKE          BRIDGEVILLE        PA   15017       90,750.00
SB38    10266116088   LEON RICHARD JR             12019 BEAGLE ROAD             HUDSON             FL   34667       47,500.00
SB38    10266116117   VISOCKIS DANETTE E          4080 LANDOVER BLVD            SPRING HILL        FL   34609       25,000.00
SB38    10266116139   HATFIELD BRUCE W            4037 WEST 5625 SOUTH          ROY                UT   84067       31,407.00
SB38    10266116158   BRENNAN ELLEN JACINTA       25371 CORZINE RD              BONITA SPRINGS     FL   34133       18,000.00
SB38    10266116276   JABBAR SAMI ALI ABDEL       1661 N W 12TH AVENUE          HOMESTEAD          FL   33030       20,100.00
SB38    10266116277   WELCH RICHARD               5103 NORTHDALE BLVD           TAMPA              FL   33624       58,500.00
SB38    10266116285   HOLM KARIN                  13 MAGNOLIA STREET            CENTEREACH         NY   11720       32,750.00
SB38    10266117036   STASULLI VINCENT J          4 MAPLEWOOD DRIVE             EAST STROUDSBURG   PA   18301       80,200.00
SB38    10266117060   SHELOR DONNA R              1027 E MICHELLE DRIVE         PHOENIX            AZ   85022       28,100.00
SB38    10266117100   SCHOUTEN TJITSKE            5203 LAZY LAKE LANE N         SAINT PETERSBURG   FL   33708       73,950.00
SB38    10266117119   FLEMING JAMES T             450 HARVARD AVENUE            BALDWIN            NY   11510       50,250.00
SB38    10266117134   CAUSER WILLIAM L            15423 50TH PLACE WEST         EDMONDS            WA   98026       35,300.00
SB38    10266117210   MUNDELL DANIEL S            6201 NW 61ST AVENUE           PARKLAND           FL   33067       54,000.00
SB38    10266117232   RICHMAN ROB M               3180 SOUTH COPPER COVE CIRCLE MAGNA              UT   84044       24,200.00
SB38    10266117245   JACQUEZ LEOFREDO L          4752 SOUTH 4580 WEST          SALT LAKE CITY     UT   84118       60,300.00
SB38    10266117281   NIELSEN KEITH M             3400 BARON COURT              BROOMFIELD         CO   80020       24,650.00
SB38    10266117287   BENNETT KEVIN J             3361 WEST 8510 SOUTH          WEST JORDAN        UT   84088       21,600.00
SB38    10266117766   TEDESCO RICHARD J           5N461 DEER RUN DRIVE          ST. CHARLES        IL   60175       88,000.00
SB38    10266117779   MCMAHON ROSEMARY            7227 STANLEY                  WARREN             MI   48092       42,700.00
SB38    10266117794   BROWN RANDALL K             826 SPRINGFIELD DRIVE         ROSELLE            IL   60172       18,100.00
SB38    10266117804   HUDY FRED                   3800 WEST 78TH STREET         CHICAGO            IL   60652       75,000.00
SB38    10266117835   CASSIDY KENNETH E           15W244 CONCORD                ELMHURST           IL   60126       49,000.00
SB38    10266117856   SAFFOLD ROOSEVELT           7551 S. LANGLEY               CHICAGO            IL   60619       41,000.00
SB38    10266117887   KELLY CATHY S               3861 SELNIK ROAD              KENT               OH   44240       27,400.00
SB38    10266117888   PEREZ PABLO E               2211 OAKTON                   PARK RIDGE         IL   60068       35,000.00
SB38    10266117990   SANDERS WAYNE E             17229 SHRIVER ROAD            EMMITSBURG         MD   21727       36,500.00
SB38    10266118012   BALCER BARBARA              2219 54TH STREET SOUTH        GULFPORT           FL   33707       16,000.00
SB38    10266118046   GREENBURG CHRIS K           3801 WEST 29TH AVENUE         DENVER             CO   80221       11,900.00
SB38    10266118069   WYATT LEE E                 10364 NE TILLAMOOK STREET     PORTLAND           OR   97220       50,300.00
SB38    10266118099   BARCIA BERNARD              557 GARNET DRIVE BLD S #104   NEW PORT RICHEY    FL   34652       16,500.00
SB38    10266118107   EASTERMAN HELENA E          235 RAYMOND STREET            ROCKVILLE CENTRE   NY   11570       25,000.00
SB38    10266118118   BROCK LANELL                2630 SOUTH DEFRAME CIRCLE     LAKEWOOD           CO   80228       24,000.00
SB38    10266118173   MCCORMAC JACQUELINE R       9544 SOUTH MARAUDER DRIVE     CONIFER            CO   80433       53,487.00
SB38    10266118244   MAGARACI FRANCESCO G        12145 SOUTH SPRINGRIDGE CIRCL SANDY              UT   84094       37,225.00
SB38    10266118318   DELVALLE GERALDO            865 ALBANY AVENUE             BROOKLYN           NY   11203      133,000.00
SB38    10266118328   MELLOR ANDREW HALE          4992 WEST PAWNEE DRIVE        WEST JORDAN        UT   84084       18,065.00
SB38    10266118361   RAMIREZ AXEL D              516 WEST 2280 NORTH           LEHI               UT   84043       13,500.00
SB38    10266118376   FROST JOHN B                340 EAST 1000 NORTH           HARRISVILLE        UT   84404       31,000.00
SB38    10266118382   BRADY PATRICK S             6079 SOUTH MACONDRAY CIRCLE   MURRAY             UT   84123       34,998.00
SB38    10266118390   WATSON RICHARD J            90 EAST 1100 SOUTH            BOUNTIFUL          UT   84010       14,647.00
SB38    10266118422   MAYES THOMAS S              1880 SOUTH MOBILE STREET      AURORA             CO   80017       99,000.00
SB38    10266118438   PHOMMANETH KEITH            17546 NW BERNARD PLACE        BEAVERTON          OR   97006      140,000.00
SB38    10266118527   DRYSDALE LAWRENCE E         5422 WEST ELAINE AVENUE       WEST VALLEY CITY   UT   84120       29,589.00
SB38    10266118591   ZARRO MICHAEL               7400 WESTCOTT DRIVE           PORT RICHEY        FL   34668       56,000.00
SB38    10266118606   LEWIS BRYAN LEE             2330 PIROS DRIVE              COLORADO SPRINGS   CO   80915       17,760.00
SB38    10266118614   HALEY ELIZABETH A           1475 PARK AVENUE #3           PARK CITY          UT   84060      136,400.00
SB38    10266118651   KHLEIF ROD                  919 EAST 23RD AVENUE          DENVER             CO   80205       49,700.00
SB38    10266118828   GAILEY RICHARD B            394 SOUTH 725 EAST            LAYTON             UT   84041       12,645.00
SB38    10266118829   KELLY JAMIE KAE             1192 WEST KORADINE DRIVE      SOUTH JORDAN       UT   84095       14,380.00
SB38    10266118856   EKENSTAM JAMES R            3794 SOUTH 8370 WEST          MAGNA              UT   84044       20,000.00
<CAPTION>
                                                Cut-off Date  First                                 Original  Current    Scheduled
                                                 Principal   Payment   Maturity    Rem      Date       LTV    Mortgage    Payment
Sale ID  Account        Name                      Balance      Date      Date      Term     Due       Ratio     Rate    Int & Prin
- ----------------------------------------------------------------------------------------------------------------------------------
<S>    <C>           <C>                        <C>          <C>       <C>       <C>      <C>         <C>      <C>    <C>   
SB38   10266115423   WOODS ANTHONY D             105,000.00  06/24/96  05/24/11   178.22  06/24/96     75.0    11.700   1,055.86
SB38   10266115439   DELLAROCCO JOSEPH            88,000.00  07/17/96  06/17/26   359.01  07/17/96     80.0    14.850   1,102.16
SB38   10266115458   CRAWFORD SHAWN C             14,972.15  06/28/96  05/28/16   238.36  07/28/96     63.3    11.450     159.45
SB38   10266115537   RILEY STEVE R                40,000.00  07/19/96  06/19/11   179.08  07/19/96     78.4    12.850     502.16
SB38   10266115600   SEROCK EDWARD S              31,000.00  07/17/96  06/17/11   179.01  07/17/96     90.0    12.150     322.45
SB38   10266115645   BERNARD KEITH               135,171.54  07/10/96  06/10/11   178.78  08/10/96     80.0    10.700   1,256.99
SB38   10266115759   WHITING KENNETH D            55,921.51  07/05/96  06/05/11   178.62  08/05/96     89.2    11.650     560.98
SB38   10266115828   HESLINGTON BART              19,932.00  06/28/96  05/28/11   178.36  06/28/96     76.4    13.700     231.44
SB38   10266115887   TUCEK JAMES J               101,000.00  07/07/96  06/07/11   178.68  08/07/96     61.9     9.400     841.90
SB38   10266115894   ROSE ANTHONY H SR            89,250.00  07/13/96  06/13/26   358.88  08/13/96     85.0    10.900     843.21
SB38   10266115945   GALLEN GAYLE E               70,000.00  07/18/96  06/18/11   179.05  07/18/96     70.0     9.900     609.13
SB38   10266116084   BAHL CHARLES A               90,750.00  07/12/96  06/12/16   238.85  07/12/96     75.0    11.990     998.60
SB38   10266116088   LEON RICHARD JR              47,500.00  07/17/96  06/17/11   179.01  07/17/96     84.9    10.950     450.56
SB38   10266116117   VISOCKIS DANETTE E           25,000.00  07/10/96  06/10/11   178.78  07/10/96     31.2     9.950     267.89
SB38   10266116139   HATFIELD BRUCE W             31,397.83  07/11/96  06/11/11   178.82  08/11/96     90.0    11.650     369.89
SB38   10266116158   BRENNAN ELLEN JACINTA        17,970.63  07/11/96  06/11/11   178.82  08/11/96     79.9    12.950     227.15
SB38   10266116276   JABBAR SAMI ALI ABDEL        20,100.00  07/14/96  06/14/11   178.92  07/14/96     89.9    11.050     229.09
SB38   10266116277   WELCH RICHARD                58,500.00  07/10/96  06/10/26   358.78  08/10/96     88.6    10.850     550.49
SB38   10266116285   HOLM KARIN                   32,674.00  07/11/96  06/11/11   178.82  08/11/96     80.0     9.750     346.94
SB38   10266117036   STASULLI VINCENT J           80,200.00  07/13/96  06/13/26   358.88  08/13/96     74.2    12.490     855.32
SB38   10266117060   SHELOR DONNA R               28,077.42  07/10/96  06/10/26   358.78  08/10/96     38.2    10.700     261.25
SB38   10266117100   SCHOUTEN TJITSKE             73,950.00  07/12/96  06/12/11   178.85  08/12/96     85.0    11.400     726.68
SB38   10266117119   FLEMING JAMES T              50,250.00  07/14/96  06/14/16   238.92  07/14/96     85.0    12.700     578.01
SB38   10266117134   CAUSER WILLIAM L             35,285.16  07/12/96  06/12/11   178.85  08/12/96     85.0    12.200     368.54
SB38   10266117210   MUNDELL DANIEL S             54,000.00  07/10/96  06/10/16   238.78  07/10/96     89.0    11.650     581.46
SB38   10266117232   RICHMAN ROB M                24,171.95  06/15/96  05/15/11   177.93  07/15/96     79.7    11.100     276.58
SB38   10266117245   JACQUEZ LEOFREDO L           59,822.87  06/15/96  05/15/11   177.93  08/15/96     81.3    12.590     746.75
SB38   10266117281   NIELSEN KEITH M              24,650.00  07/11/96  06/11/11   178.82  07/11/96     75.5    14.000     328.27
SB38   10266117287   BENNETT KEVIN J              21,537.29  07/14/96  06/14/11   178.92  08/14/96     90.0    11.250     248.91
SB38   10266117766   TEDESCO RICHARD J            87,715.36  07/18/96  06/18/11   179.05  08/18/96     69.1    10.950     997.44
SB38   10266117779   MCMAHON ROSEMARY             42,640.54  07/11/96  06/11/16   238.82  08/11/96     70.0    10.250     419.16
SB38   10266117794   BROWN RANDALL K              18,073.91  07/14/96  06/14/11   178.92  08/14/96     79.9    13.990     240.92
SB38   10266117804   HUDY FRED                    75,000.00  07/13/96  06/13/11   178.88  07/13/96     78.4     9.950     803.66
SB38   10266117835   CASSIDY KENNETH E            49,000.00  07/17/96  06/17/11   179.01  07/17/96     84.5     9.500     511.67
SB38   10266117856   SAFFOLD ROOSEVELT            41,000.00  07/17/96  06/17/11   179.01  07/17/96     36.9     9.000     415.85
SB38   10266117887   KELLY CATHY S                27,356.43  07/17/96  06/17/16   239.01  08/17/96     89.8    11.000     282.82
SB38   10266117888   PEREZ PABLO E                34,859.14  07/17/96  06/17/16   239.01  08/17/96     22.4    11.250     367.24
SB38   10266117990   SANDERS WAYNE E              36,500.00  07/17/96  06/17/11   179.01  07/17/96     88.2    11.650     429.88
SB38   10266118012   BALCER BARBARA               14,729.54  07/12/96  06/12/11   178.85  04/12/97     83.3    10.400     145.16
SB38   10266118046   GREENBURG CHRIS K            11,900.00  07/17/96  06/17/11   179.01  07/17/96     59.9    11.850     141.67
SB38   10266118069   WYATT LEE E                  49,597.50  07/10/96  06/10/11   178.78  09/10/96     89.9    11.650     503.88
SB38   10266118099   BARCIA BERNARD               16,488.93  07/07/96  06/07/11   178.68  08/07/96     31.4    13.990     219.63
SB38   10266118107   EASTERMAN HELENA E           25,000.00  07/18/96  06/18/06   119.05  07/18/96     71.6    12.700     368.87
SB38   10266118118   BROCK LANELL                 23,985.44  07/10/96  06/10/11   178.78  08/10/96     89.6    11.650     282.66
SB38   10266118173   MCCORMAC JACQUELINE R        53,427.67  07/14/96  06/14/11   178.92  08/14/96     79.9    13.990     633.33
SB38   10266118244   MAGARACI FRANCESCO G         37,113.55  06/17/96  05/17/16   237.99  07/17/96     79.9    14.550     477.84
SB38   10266118318   DELVALLE GERALDO            133,000.00  07/17/96  06/17/11   179.01  07/17/96     84.7    10.250   1,191.81
SB38   10266118328   MELLOR ANDREW HALE           18,065.00  07/10/96  06/10/11   178.78  07/10/96     80.0    14.000     214.05
SB38   10266118361   RAMIREZ AXEL D               13,485.07  07/05/96  06/05/11   178.62  08/05/96     86.4    12.200     163.76
SB38   10266118376   FROST JOHN B                 30,884.45  06/17/96  05/17/11   177.99  07/17/96     77.8    12.100     374.05
SB38   10266118382   BRADY PATRICK S              34,998.00  06/22/96  05/22/11   178.16  07/22/96     78.5    14.850     486.24
SB38   10266118390   WATSON RICHARD J             14,642.71  06/20/96  05/20/11   178.09  07/20/96     89.9    12.700     182.44
SB38   10266118422   MAYES THOMAS S               99,000.00  07/07/96  06/07/26   358.68  08/07/96     89.1    11.150     954.04
SB38   10266118438   PHOMMANETH KEITH            140,000.00  07/14/96  06/14/11   178.92  07/14/96     70.0    10.700   1,301.61
SB38   10266118527   DRYSDALE LAWRENCE E          29,589.00  06/21/96  05/21/11   178.13  07/21/96     90.0    12.590     366.43
SB38   10266118591   ZARRO MICHAEL                56,000.00  07/18/96  06/18/26   359.05  07/18/96     80.0    10.700     520.65
SB38   10266118606   LEWIS BRYAN LEE              17,760.00  07/10/96  06/10/16   238.78  07/10/96     90.0    11.250     186.35
SB38   10266118614   HALEY ELIZABETH A           136,251.30  07/03/96  06/03/11   178.55  08/03/96     69.7    10.700   1,268.14
SB38   10266118651   KHLEIF ROD                   49,700.00  07/14/96  06/14/11   178.92  07/14/96     66.2    10.700     462.07
SB38   10266118828   GAILEY RICHARD B             12,645.00  06/22/96  05/22/11   178.16  07/22/96     88.7    12.600     156.68
SB38   10266118829   KELLY JAMIE KAE              14,380.00  06/20/96  05/20/11   178.09  07/20/96     90.0    12.350     175.84
SB38   10266118856   EKENSTAM JAMES R             19,936.14  06/28/96  05/28/11   178.36  07/28/96     69.9    11.440     232.88
</TABLE>
<PAGE>
<TABLE>
                                                                                                                     Page 3  7/18/96
Alliance Funding Company                                           Sale Schedule
A division of Superior Bank FSB     1996-2 Class 1 - 2nd Subsequent Transfer of Fixed Rate Mortgages  -  Settlement 7/18/96
<CAPTION>
                                                                                                                   Principal
                                                                                                        Zip        Balance at
Sale ID  Account        Name                           Address                   City            State  Code      Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>       <C>      
SB38    10266118915   SMALL KENNETH               268 WAYFARING LANE            ROCHESTER          NY   14612       29,000.00
SB38    10266118939   LOVETT RICHARD J            129-131 HALL STREET           SPRING CITY        PA   19475      126,000.00
SB38    10266118940   SCOTT J FRANTZ              251 EAST 1200 NORTH           CENTERVILLE        UT   84014       28,684.00
SB38    10266118942   SANTAMARIA ADOLFO S         1015 NORTH 1020 EAST          PLEASANT GROVE     UT   84062       20,000.00
SB38    10266118990   PETERSON LAURENCE A         6085 SOUTH GLENCOE WAY        LITTLETON          CO   80121       72,750.00
SB38    10266119076   ROOT HARRY                  1440 KENT ROAD                BALTIMORE          MD   21221       72,810.00
SB38    10266119079   PEDDICORD JOYCE             6401 LOUDON AVENUE            ELKRIDGE           MD   21227       78,000.00
SB38    10266119128   CLARK ROBERT A              209 EAST BRADFORD COURT       MIDDLETOWN         DE   19709       60,000.00
SB38    10266119142   SIMMONS SAMUEL C            1881 WEST 2350 SOUTH          SYRACUSE           UT   84075       31,164.00
SB38    10266119167   POWELL RUFUS                12124 WEST 85TH AVENUE        ARVADA             CO   80005       34,300.00
SB38    10266119233   GREEN BRADLEY C             356 WEST CREEKSIDE WAY        KAYSVILLE          UT   84037       35,500.00
SB38    10266119248   DELORGE RICHARD A           124 NEWTON STREET             NORWICH            CT   06360       24,700.00
SB38    10266119272   RIA WINTON D                5556 SOUTH CORA WAY           SALT LAKE CITY     UT   84118       48,300.00
SB38    10266119287   COLLETT CHARLES G           5736 SOUTH 3975 WEST          ROY                UT   84067       14,750.00
SB38    10266119292   GREEN MICHAEL AARON         244 WEST REED AVENUE          SALT LAKE CITY     UT   84103       27,000.00
SB38    10266119293   MEADOWS LES W               1895 WEST CLIFFS PLACE        LAYTON             UT   84041       11,518.00
SB38    10266119489   HALES BART K                475 SOUTH 1300 EAST           SALT LAKE CITY     UT   84102       27,700.00
SB38    10266119497   JENSEN JEFF C               4327 SOUTH ROSE PETAL WAY     WEST VALLEY CITY   UT   84120       73,600.00
SB38    10266119500   HANSEN DAVID R              5789 WEST LODESTONE AVENUE    KEARNS             UT   84118       16,000.00
SB38    10266119510   BOYD WILLIAM MICHAEL        7521 HOLIDAY DRIVE            SPRINGHILL         FL   34606       63,700.00
SB38    10266119553   DAVIDSON MARY A             2713 RUSCOMBE LANE            BALTIMORE          MD   21215       67,200.00
SB38    10266119789   OLSON CHRISTINE             2222 N 73RD AVE               ELMWOOD PARK       IL   60635       20,000.00
SB38    10266119799   KATHAN GARY G               412 N. DRURY LANE             ARLINGTON HEIGHTS  IL   60004       17,000.00
SB38    10266119805   STROHL MICHAEL R            10315 STEEPLECHASE LANE       SPRING GROVE       IL   60081      256,500.00
SB38    10266119810   JONES EUNICE L              510 S. WATER STREET           JOLIET             IL   60436       42,000.00
SB38    10266119858   GRIFFEY ALFRED R            6 N 310 FOREST AVE            ST CHARLES         IL   60174       30,000.00
SB38    10266119906   WHITFIELD DAVID A           515 RACHEL CIRCLE NW          MASSILLON          OH   44646       20,500.00
SB38    10266119916   GATMAN R TODD               4217 HUNTINGTON AVENUE        LATONIA            KY   41015       32,000.00
SB38    10266119957   WRIGHT CAROL R              562 LEWISVILLE ROAD           ELKTON             MD   21921      105,170.00
SB38    10266120000   ROSSON MARK E               4600 WEST 1800 NORTH          WEST POINT         UT   84015       17,815.00
SB38    10266120062   BURNEY CORA LEE             1310 SPRUCE STREET            SAFETY HARBOR      FL   34695       53,000.00
SB38    10266120091   HENDERSON DON               714 ZION DRIVE                COLORADO SPRINGS   CO   80910       63,200.00
SB38    10266120116   TRAVIS PAUL C II            5535 CLARKSTON                CLARKSTON          MI   48348      117,000.00
SB38    10266120171   NUKALA MARK J               6850 NORTH COLUMBIA BLVD      PORTLAND           OR   97203       69,300.00
SB38    10266120173   BUCHANAN BRIAN K            1603 & 1609 27TH AVENUE       SEATTLE            WA   98122      127,120.00
SB38    10266120224   LUND BARRY N                1647 WEST CAMELOT DRIVE       LAYTON             UT   84041       20,650.00
SB38    10266120372   SCHAAF PAUL H               4972 WEST 6960 SOUTH          WEST JORDAN        UT   84084       32,611.00
SB38    10266120381   CAROTHERS STEVEN E          3269 WEST PAULA ANN DRIVE     SALT LAKE CITY     UT   84118       22,174.00
SB38    10266120382   OWENS RICHARD R             368 NORTH 100 WEST            MENDON             UT   84325       42,058.00
SB38    10266120464   MEYER JOHN A                8804 AVENUE B                 BALTIMORE          MD   21219      136,000.00
SB38    10266120589   LEATHERBURY CY R            5915 SOUTH NEPAL STREET       AURORA             CO   80015       98,515.00
SB38    10266120599   NEUMANN JAMES J JR          35 KIMBERLY DRIVE             E NORTHPORT        NY   11731       80,000.00
SB38    10266120846   BRAND ANNE K                1209 HOEFGEN STREET           INDIANAPOLIS       IN   46203       26,800.00
SB38    10266121192   ALFARANO JUNE               5801 NE 7TH AVENUE            FORT LAUDERDALE    FL   33334       20,500.00
SB38    10266121767   DIESTEL GLENN C             23 TORLEN COURT               HAUPPAUGE          NY   11788      213,750.00
        ------------------------------------------                                                           ----------------
            169       Sale Total                                                                                 9,697,640.00
<CAPTION>
                                                Cut-off Date  First                                 Original  Current    Scheduled
                                                 Principal   Payment   Maturity    Rem      Date       LTV    Mortgage    Payment
Sale ID  Account        Name                      Balance      Date      Date      Term     Due       Ratio     Rate    Int & Prin
- ----------------------------------------------------------------------------------------------------------------------------------
<S>    <C>           <C>                        <C>          <C>       <C>       <C>      <C>         <C>      <C>    <C>   
SB38   10266118915   SMALL KENNETH                29,000.00  07/12/96  06/12/16   238.85  08/12/96     87.3    11.000     299.33
SB38   10266118939   LOVETT RICHARD J            126,000.00  07/11/96  06/11/26   358.82  07/11/96     90.0    10.750   1,176.19
SB38   10266118940   SCOTT J FRANTZ               28,684.00  07/01/96  06/01/11   178.49  08/01/96     89.9    12.600     355.41
SB38   10266118942   SANTAMARIA ADOLFO S          19,989.64  06/24/96  05/24/11   178.22  07/24/96     72.4    11.940     239.26
SB38   10266118990   PETERSON LAURENCE A          72,059.92  07/07/96  06/07/11   178.68  08/07/96     85.0    12.700     906.15
SB38   10266119076   ROOT HARRY                   72,780.65  07/12/96  06/12/26   358.85  08/12/96     80.9    12.450     774.25
SB38   10266119079   PEDDICORD JOYCE              78,000.00  07/14/96  06/14/26   358.92  07/14/96     55.7    11.490     771.83
SB38   10266119128   CLARK ROBERT A               59,991.56  07/14/96  06/14/11   178.92  08/14/96     40.0    11.490     593.72
SB38   10266119142   SIMMONS SAMUEL C             31,164.00  06/28/96  05/28/11   178.36  07/28/96     87.5    12.600     335.02
SB38   10266119167   POWELL RUFUS                 34,300.00  07/14/96  06/14/11   178.92  08/14/96     84.7    10.400     311.19
SB38   10266119233   GREEN BRADLEY C              35,500.00  07/17/96  06/17/11   179.01  07/17/96     79.9    11.000     403.49
SB38   10266119248   DELORGE RICHARD A            24,638.15  07/17/96  06/17/11   179.01  08/17/96     87.9    11.800     293.27
SB38   10266119272   RIA WINTON D                 48,300.00  07/01/96  06/01/11   178.49  08/01/96     89.3    12.190     585.60
SB38   10266119287   COLLETT CHARLES G            14,750.00  07/01/96  06/01/11   178.49  08/01/96     79.0    13.190     188.47
SB38   10266119292   GREEN MICHAEL AARON          27,000.00  07/01/96  06/01/11   178.49  07/01/96     65.3    11.940     323.00
SB38   10266119293   MEADOWS LES W                11,518.00  07/01/96  06/01/11   178.49  08/01/96     89.4    12.350     140.84
SB38   10266119489   HALES BART K                 27,700.00  07/01/96  06/01/11   178.49  08/01/96     79.9    15.350     394.35
SB38   10266119497   JENSEN JEFF C                73,600.00  07/01/96  06/01/26   358.49  08/01/96     80.0    14.875     923.28
SB38   10266119500   HANSEN DAVID R               16,000.00  07/01/96  06/01/11   178.49  08/01/96     77.9    14.600     219.57
SB38   10266119510   BOYD WILLIAM MICHAEL         63,651.71  07/11/96  06/11/26   358.82  08/11/96     79.9    11.900     650.33
SB38   10266119553   DAVIDSON MARY A              67,105.18  07/13/96  06/13/11   178.88  08/13/96     70.0    11.990     690.71
SB38   10266119789   OLSON CHRISTINE              20,000.00  07/18/96  06/18/11   179.05  07/18/96     18.6    13.990     266.21
SB38   10266119799   KATHAN GARY G                17,000.00  07/17/96  06/17/16   239.01  07/17/96     79.9    13.350     203.42
SB38   10266119805   STROHL MICHAEL R            256,500.00  07/21/96  06/21/26   359.15  07/21/96     90.0    11.240   2,489.34
SB38   10266119810   JONES EUNICE L               41,944.64  07/18/96  06/18/16   239.05  08/18/96     64.6    13.990     521.97
SB38   10266119858   GRIFFEY ALFRED R             29,895.25  07/19/96  06/19/11   179.08  08/19/96     22.5     9.000     304.28
SB38   10266119906   WHITFIELD DAVID A            20,500.00  07/18/96  06/18/16   239.05  07/18/96     89.8    11.740     222.02
SB38   10266119916   GATMAN R TODD                32,000.00  07/12/96  06/12/26   358.85  07/12/96     74.9    11.000     304.74
SB38   10266119957   WRIGHT CAROL R              105,170.00  07/12/96  06/12/11   178.85  07/12/96     80.9    11.250   1,211.92
SB38   10266120000   ROSSON MARK E                17,777.81  07/03/96  06/03/11   178.55  08/03/96     87.4    12.320     217.49
SB38   10266120062   BURNEY CORA LEE              52,819.47  07/14/96  06/14/11   178.92  08/14/96     62.3     9.600     556.64
SB38   10266120091   HENDERSON DON                63,083.70  07/12/96  06/12/26   358.85  08/12/96     80.0    13.490     723.40
SB38   10266120116   TRAVIS PAUL C II            117,000.00  07/13/96  06/13/11   178.88  07/13/96     75.0    10.950   1,109.80
SB38   10266120171   NUKALA MARK J                69,300.00  07/13/96  06/13/26   358.88  07/13/96     90.0    11.150     667.83
SB38   10266120173   BUCHANAN BRIAN K            127,120.00  07/17/96  06/17/26   359.01  07/17/96     84.9    12.200   1,327.18
SB38   10266120224   LUND BARRY N                 20,650.00  07/04/96  06/04/11   178.59  07/04/96     83.8    13.200     231.66
SB38   10266120372   SCHAAF PAUL H                32,575.42  07/05/96  06/05/11   178.62  08/05/96     89.7    12.600     350.58
SB38   10266120381   CAROTHERS STEVEN E           22,164.75  07/05/96  06/05/11   178.62  08/05/96     71.3    15.100     311.86
SB38   10266120382   OWENS RICHARD R              42,013.31  07/05/96  06/05/11   178.62  08/05/96     79.8    12.350     514.28
SB38   10266120464   MEYER JOHN A                136,000.00  07/18/96  06/18/16   239.05  07/18/96     89.8    11.650   1,464.43
SB38   10266120589   LEATHERBURY CY R             98,515.00  07/14/96  06/14/26   358.92  07/14/96     85.0    12.200   1,028.53
SB38   10266120599   NEUMANN JAMES J JR           79,769.17  07/18/96  06/18/11   179.05  08/18/96     29.0     9.550     837.80
SB38   10266120846   BRAND ANNE K                 26,584.93  07/19/96  06/19/16   239.08  08/19/96     84.8    12.700     308.27
SB38   10266121192   ALFARANO JUNE                20,500.00  06/28/96  05/28/11   178.36  06/28/96     75.2    12.850     257.35
SB38   10266121767   DIESTEL GLENN C             213,750.00  07/17/96  06/17/11   179.01  07/17/96     90.0    10.500   1,955.26
                                               ------------                    -----------        ------------------------------
                                               9,689,672.39                       233.64               77.4    11.453 100,727.06
</TABLE>
<PAGE>
<TABLE>
                                                                                                                     Page 4  7/18/96
Alliance Funding Company                                           Sale Schedule
A division of Superior Bank FSB     1996-2 Class 1 - 2nd Subsequent Transfer of Fixed Rate Mortgages  -  Settlement 7/18/96
<CAPTION>
                                                                                                                   Principal
                                                                                                        Zip        Balance at
Sale ID  Account        Name                           Address                   City            State  Code      Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>       <C>      
SB39    10266075718   BANOS ALONSO                18079 LINDENWOOD              WILDWOOD           IL   60030       32,500.00
SB39    10266079378   JESSOP JOSEPH AARON         5537 SOUTH 3200 WEST          SALT LAKE CITY     UT   84118       51,200.00
SB39    10266082671   JAMES BETTY                 188-11 122ND AVENUE           ST ALBANS          NY   11412       85,000.00
SB39    10266097641   BAILEY JOSEPH               16 OVINGTON AVENUE            EDISON             NJ   08817       27,000.00
SB39    10266104012   BRIONES SUSIE S             957 CEDARWOOD                 HANFORD            CA   93230       86,100.00
SB39    10266108158   MOORE BOBBY LEGRAND         356 NORTH 400 EAST            OREM               UT   84057       40,000.00
SB39    10266108558   ROSE EARL G II              339 SKYLINE AVENUE            TOOELE             UT   84074       44,300.00
SB39    10266109446   VOEGLER HENRY J             21 CITRUS STREET              WEST BABYLON       NY   11704       99,000.00
SB39    10266109817   PATTERSON KENNETH E         2924 AZALEA                   PUEBLO             CO   81005       15,000.00
SB39    10266110442   HYMAS CHRISTOPHER CARL      790 NORTH 150 WEST            LOGAN              UT   84321       12,716.00
SB39    10266110649   NALLEY DANIEL G             2554 WICKLINE ROAD            GIBSONIA           PA   15044       32,000.00
SB39    10266110816   NIKOLOVSKI VLATKO           270 YATES STREET              ALBANY             NY   12208       56,000.00
SB39    10266111171   ROBERTS PHILIP D            4302 N 82ND DRIVE             PHOENIX            AZ   85033       41,250.00
SB39    10266111175   SCUDERI JACQUELYN           9 GABLES BOULEVARD            EAST SETAUKET      NY   11733      178,200.00
SB39    10266111327   WOFFORD TRAMMER SHELIA L    18433 PEMBROKE                DETROIT            MI   48219       27,300.00
SB39    10266111654   ROWELL DOUGLAS              124 NORTH 28TH STREET         HARRISBURG         PA   17109       24,500.00
SB39    10266112115   WESTON SUZANNE L            8107 DOUGLAS ROAD             WYNDMOOR           PA   19038       19,000.00
SB39    10266112300   PICKERING JUBERT            884 EAST 39TH                 BROOKLYN           NY   11210      163,350.00
SB39    10266112607   DEFOREST DWIGHT             6065 SOUTH 700 WEST           MURRAY             UT   84123       95,000.00
SB39    10266112815   CIESNIK JOHN                41 JAMES AVENUE               NEW BRITAIN        CT   06053       48,000.00
SB39    10266112962   SOUVANNAVONG SONE           2972 SOUTH 3825 WEST          WEST VALLEY CITY   UT   84120       20,000.00
SB39    10266113022   VESPER JOEL E               9818 CORAL DR SW              TACOMA             WA   98498       33,285.00
SB39    10266113177   CARATURE DAVE               24 ROCKWOOD AVENUE            ANSONIA            CT   06401       30,000.00
SB39    10266113223   NIRENSTEIN EMERITA C        24-24 CURTIS STREET           EAST ELMHURST      NY   11369      233,100.00
SB39    10266113241   TIPPETTS JIM H              12719 SOUTH OLD FORT DRIVE    RIVERTON           UT   84065       38,500.00
SB39    10266113365   WASSEL TRACEY ANN           729 FREEPORT ROAD             CREIGHTON          PA   15030       25,600.00
SB39    10266113414   WILKERSON DON E             5768 WEST 4360 SOUTH          WEST VALLEY CITY   UT   84120       29,200.00
SB39    10266113446   BARNES CARL                 4 STEWART CAMP POINT          BLUE RIDGE         GA   30513      128,000.00
SB39    10266113549   LEE PATRICIA A              6577 102ND AVENUE NORTHEAST   KIRKLAND           WA   98033       48,000.00
SB39    10266113634   LEA JACK B                  7254 SOUTH UPHAM COURT        LITTLETON          CO   80123       25,000.00
SB39    10266113790   HOWARD FLORINE              65 AVALON DRIVE               AMHERST            NY   14226       50,000.00
SB39    10266113792   PACE BRENT E                2946 EAST BANBURY ROAD        SALT LAKE CITY     UT   84121       54,500.00
SB39    10266113892   TRONCOSO RALPH              39 HUBBARD AVENUE             STAMFORD           CT   06905       33,700.00
SB39    10266114012   RUSSELL ANITA E             19012 35TH AVENUE SE          BOTHELL            WA   98012       12,100.00
SB39    10266114014   TANGUAY CATHIE M            2443 TAMARIND STREET          PT CHARLOTTE       FL   33948       41,000.00
SB39    10266114358   PUCO JOSEPH                 363 CROSSFIELD RD             KING OF PRUSSIA    PA   19406       24,000.00
SB39    10266114465   LOOP VERANNE R              7713 EAST COSTILLA BOULEVARD  ENGLEWOOD          CO   80112       27,000.00
SB39    10266114526   TRUESDALE TIMOTHY G         DIAMOND POINT HILL            CALDWELL           NY   12824       55,000.00
SB39    10266114592   RIVERA SAMUEL               322 EAST 201ST STREET         BRONX              NY   10458       42,000.00
SB39    10266114595   MONSEN BOYD G               2170 SOUTH 50 WEST            CLEARFIELD         UT   84015       27,000.00
SB39    10266114759   SWIRBLE FRANCIS J           131 NORTH SAINT GEORGE ST     ALLENTOWN          PA   18104       21,200.00
SB39    10266114914   WATERS JAMES LEE            1232 CLAIRE DRIVE             CLEARWATER         FL   34615       33,600.00
SB39    10266114927   BENKOVIC MARK J             5005 ARNEY DRIVE              HARRISBURG         PA   17111       92,000.00
SB39    10266114986   KUO LOUISA                  8800 RAINBOW RIDGE DRIVE      LAS VEGAS          NV   89117      120,000.00
SB39    10266115085   PARSON BRUCE A              1615 WEST SPARKS STREET       PHILADELPHIA       PA   19141       40,000.00
SB39    10266115158   VOGA RHETT                  722 LONG VALLEY ROAD          GARDNERVILLE       NV   89410       19,800.00
SB39    10266115189   COSTELLO WILLIAM            129 GRAND STREET              HIGHLAND           NY   12528      116,620.00
SB39    10266115229   NEWTON NADA                 1980 SOUTH DEXTER STREET      DENVER             CO   80222       90,400.00
SB39    10266115245   PAVOLICK EUGENE R           8499 WEST DUQUESNE DRIVE      LAKEWOOD           CO   80227       15,300.00
SB39    10266115247   BRAINERD MARY GWYN          407 21ST STREET               GOLDEN             CO   80401       36,330.00
SB39    10266115450   MALVIZZI WILLIAM P          200 INTERVILLA AVE            WEST LAWN          PA   19609       10,000.00
SB39    10266115803   PARIKH VINOD                270-07 UNION TURNPIKE         NEW HYDE PARK      NY   11040       36,000.00
SB39    10266116036   PHAM HUNG VAN               1460 WEST 72ND AVENUE         WESTMINSTER        CO   80221       24,000.00
SB39    10266116044   CORDERY SCOTT K             4101 SOUTH CAMILLE DRIVE      SALT LAKE CITY     UT   84124       31,488.00
SB39    10266116107   ALIZADEH REZA               9711 EAST CRESTLINE AVENUE    ENGLEWOOD          CO   80111       63,160.00
SB39    10266116275   LEE MARY JO                 126 EAST GREENWICH AVENUE     ROOSEVELT          NY   11575       34,800.00
SB39    10266116281   NICKOLS MARCIA A            1736 NORTH ALBERMARLE STREET  MCLEAN             VA   22101      215,000.00
SB39    10266116340   COLEMAN TIMOTHY R           6162 LAWYERS HILL ROAD        ELKRIDGE           MD   21227      160,000.00
SB39    10266116418   BROWN DELCINA               506 PINE STREET               BROOKLYN           NY   11208       40,000.00
SB39    10266117015   FRANTZ RICHARD R            909 BUTTONWOOD STREET         READING            PA   19601       45,500.00
SB39    10266117017   SERFASS MARIE M             444 CHESTNUT STREET           EAST STROUDSBURG   PA   18301       31,000.00
SB39    10266117068   ODLE MATTHEW M              735 WEST 2220 NORTH           LEHI               UT   84043       35,000.00
<CAPTION>
                                                Cut-off Date  First                                 Original  Current    Scheduled
                                                 Principal   Payment   Maturity    Rem      Date       LTV    Mortgage    Payment
Sale ID  Account        Name                      Balance      Date      Date      Term     Due       Ratio     Rate    Int & Prin
- ----------------------------------------------------------------------------------------------------------------------------------
<S>    <C>           <C>                        <C>          <C>       <C>       <C>      <C>         <C>      <C>    <C>   
SB39   10266075718   BANOS ALONSO                 31,859.41  08/05/95  07/05/10   167.57  07/05/96     90.0    12.150     393.20
SB39   10266079378   JESSOP JOSEPH AARON          51,193.25  09/01/95  08/01/10   168.46  08/01/96     89.8    12.300     538.50
SB39   10266082671   JAMES BETTY                  82,132.68  06/08/95  05/08/10   165.67  08/08/96     67.4    10.500     939.59
SB39   10266097641   BAILEY JOSEPH                26,449.01  01/28/96  12/28/05   113.36  07/28/96     85.0    13.500     411.14
SB39   10266104012   BRIONES SUSIE S              86,100.00  04/13/96  03/13/11   175.86  07/13/96     89.6    11.100     826.46
SB39   10266108158   MOORE BOBBY LEGRAND          39,676.71  06/03/96  05/03/11   177.53  08/03/96     65.8     9.990     429.60
SB39   10266108558   ROSE EARL G II               44,252.01  06/24/96  05/24/11   178.22  07/24/96     89.9    12.090     458.75
SB39   10266109446   VOEGLER HENRY J              98,450.86  07/19/96  06/19/11   179.08  08/19/96     90.0    10.050   1,066.89
SB39   10266109817   PATTERSON KENNETH E          15,000.00  07/20/96  06/20/11   179.11  07/20/96     88.3    11.400     174.28
SB39   10266110442   HYMAS CHRISTOPHER CARL       12,716.00  07/12/96  06/12/11   178.85  07/12/96     79.6    15.350     181.03
SB39   10266110649   NALLEY DANIEL G              32,000.00  07/25/96  06/25/11   179.28  07/25/96     72.5    10.950     303.54
SB39   10266110816   NIKOLOVSKI VLATKO            56,000.00  07/19/96  06/19/26   359.08  07/19/96     74.6    12.350     591.15
SB39   10266111171   ROBERTS PHILIP D             41,250.00  05/24/96  04/24/11   177.24  06/24/96     75.0    11.500     408.50
SB39   10266111175   SCUDERI JACQUELYN           178,161.69  07/07/96  06/07/26   358.68  08/07/96     90.0    10.650   1,650.08
SB39   10266111327   WOFFORD TRAMMER SHELIA L     27,237.06  07/19/96  06/19/16   239.08  08/19/96     70.0    11.750     295.85
SB39   10266111654   ROWELL DOUGLAS               24,457.34  07/05/96  06/05/11   178.62  08/05/96     70.0     9.900     261.78
SB39   10266112115   WESTON SUZANNE L             19,000.00  07/21/96  06/21/11   179.15  07/21/96     89.9    11.400     220.75
SB39   10266112300   PICKERING JUBERT            163,350.00  07/06/96  06/06/26   358.65  07/06/96     90.0    10.500   1,494.23
SB39   10266112607   DEFOREST DWIGHT              95,000.00  06/13/96  05/13/26   357.86  07/13/96     70.8    13.850   1,114.36
SB39   10266112815   CIESNIK JOHN                 48,000.00  07/03/96  06/03/26   358.55  08/03/96     76.1    13.490     549.42
SB39   10266112962   SOUVANNAVONG SONE            19,956.40  06/17/96  05/17/11   177.99  08/17/96     89.8    12.600     215.00
SB39   10266113022   VESPER JOEL E                33,258.69  07/07/96  06/07/11   178.68  08/07/96     88.9    12.150     402.69
SB39   10266113177   CARATURE DAVE                30,000.00  07/24/96  06/24/16   239.24  07/24/96     84.9    11.100     311.70
SB39   10266113223   NIRENSTEIN EMERITA C        233,100.00  07/13/96  06/13/26   358.88  08/13/96     90.0    11.150   2,246.33
SB39   10266113241   TIPPETTS JIM H               37,653.64  06/21/96  05/21/11   178.13  09/21/96     75.3    15.100     489.89
SB39   10266113365   WASSEL TRACEY ANN            25,600.00  07/19/96  06/19/11   179.08  07/19/96     80.0     9.900     273.53
SB39   10266113414   WILKERSON DON E              29,137.25  06/16/96  05/16/11   177.96  08/16/96     81.5    12.890     320.50
SB39   10266113446   BARNES CARL                 128,000.00  07/06/96  06/06/26   358.65  08/06/96     80.0     9.900   1,113.84
SB39   10266113549   LEE PATRICIA A               48,000.00  07/17/96  06/17/16   239.01  07/17/96     79.7    11.200     502.00
SB39   10266113634   LEA JACK B                   24,959.14  07/14/96  06/14/11   178.92  08/14/96     83.4    11.400     290.46
SB39   10266113790   HOWARD FLORINE               50,000.00  07/19/96  06/19/26   359.08  07/19/96     60.9    11.600     498.96
SB39   10266113792   PACE BRENT E                 54,500.00  07/17/96  06/17/11   179.01  07/17/96     89.7    11.650     545.95
SB39   10266113892   TRONCOSO RALPH               33,700.00  06/21/96  05/21/11   178.13  07/21/96     84.9    11.350     390.47
SB39   10266114012   RUSSELL ANITA E              12,100.00  07/17/96  06/17/11   179.01  07/17/96     89.8    12.650     130.55
SB39   10266114014   TANGUAY CATHIE M             41,000.00  07/21/96  06/21/11   179.15  07/21/96     54.6    10.900     387.36
SB39   10266114358   PUCO JOSEPH                  24,000.00  07/21/96  06/21/11   179.15  07/21/96     80.3    12.950     302.87
SB39   10266114465   LOOP VERANNE R               27,000.00  07/18/96  06/18/11   179.05  07/18/96     37.1    11.200     310.28
SB39   10266114526   TRUESDALE TIMOTHY G          55,000.00  07/19/96  06/19/11   179.08  07/19/96     72.3    10.700     511.35
SB39   10266114592   RIVERA SAMUEL                42,000.00  07/19/96  06/19/11   179.08  07/19/96     89.9    11.250     407.93
SB39   10266114595   MONSEN BOYD G                26,921.56  07/01/96  06/01/11   178.49  08/01/96     79.9    13.190     302.69
SB39   10266114759   SWIRBLE FRANCIS J            20,100.32  07/19/96  06/19/11   179.08  12/19/96     90.0    11.650     249.68
SB39   10266114914   WATERS JAMES LEE             33,330.78  07/01/96  06/01/11   178.49  08/01/96     69.2     9.250     345.81
SB39   10266114927   BENKOVIC MARK J              92,000.00  07/13/96  06/13/11   178.88  08/13/96     80.0    10.500     841.56
SB39   10266114986   KUO LOUISA                  120,000.00  07/10/96  06/10/11   178.78  07/10/96     80.0    11.200   1,160.96
SB39   10266115085   PARSON BRUCE A               40,000.00  07/17/96  06/17/11   179.01  07/17/96     66.6     9.400     415.28
SB39   10266115158   VOGA RHETT                   19,800.00  07/10/96  06/10/11   178.78  07/10/96     84.9    12.700     246.62
SB39   10266115189   COSTELLO WILLIAM            116,620.00  07/04/96  06/04/26   358.59  08/04/96     85.0    10.700   1,084.25
SB39   10266115229   NEWTON NADA                  90,400.00  07/17/96  06/17/26   359.01  07/17/96     80.0    13.500   1,035.45
SB39   10266115245   PAVOLICK EUGENE R            15,300.00  07/21/96  06/21/11   179.15  07/21/96     74.9    12.500     188.58
SB39   10266115247   BRAINERD MARY GWYN           36,330.00  07/18/96  06/18/11   179.05  07/18/96     84.9    12.700     393.38
SB39   10266115450   MALVIZZI WILLIAM P           10,000.00  07/14/96  06/14/11   178.92  07/14/96     85.5    11.990     119.95
SB39   10266115803   PARIKH VINOD                 36,000.00  07/17/96  06/17/11   179.01  07/17/96     85.0    12.500     443.71
SB39   10266116036   PHAM HUNG VAN                24,000.00  07/14/96  06/14/11   178.92  07/14/96     81.6    11.550     281.13
SB39   10266116044   CORDERY SCOTT K              31,488.00  07/14/96  06/14/16   238.92  07/14/96     79.7    13.350     376.78
SB39   10266116107   ALIZADEH REZA                63,160.00  07/19/96  06/19/11   179.08  07/19/96     84.9    12.700     786.70
SB39   10266116275   LEE MARY JO                  34,800.00  07/19/96  06/19/11   179.08  07/19/96     79.9    13.350     394.50
SB39   10266116281   NICKOLS MARCIA A            214,956.63  07/14/96  06/14/11   178.92  08/14/96     80.0    10.990   2,045.87
SB39   10266116340   COLEMAN TIMOTHY R           160,000.00  07/19/96  06/19/11   179.08  07/19/96     64.4    11.450   1,578.37
SB39   10266116418   BROWN DELCINA                40,000.00  07/20/96  06/20/11   179.11  07/20/96     71.2    12.700     498.23
SB39   10266117015   FRANTZ RICHARD R             45,500.00  07/17/96  06/17/11   179.01  07/17/96     70.0     9.600     477.87
SB39   10266117017   SERFASS MARIE M              31,000.00  07/19/96  06/19/11   179.08  07/19/96     40.2     9.500     260.66
SB39   10266117068   ODLE MATTHEW M               35,000.00  07/19/96  06/19/11   179.08  07/19/96     73.3    12.700     378.98
</TABLE>
<PAGE>
<TABLE>
                                                                                                                     Page 5  7/18/96
Alliance Funding Company                                           Sale Schedule
A division of Superior Bank FSB     1996-2 Class 1 - 2nd Subsequent Transfer of Fixed Rate Mortgages  -  Settlement 7/18/96
<CAPTION>
                                                                                                                   Principal
                                                                                                        Zip        Balance at
Sale ID  Account        Name                           Address                   City            State  Code      Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>       <C>      
SB39    10266117225   LEWIS STEPHEN M             1073 SOUTH 50 WEST            KAYSVILLE          UT   84037       15,963.00
SB39    10266118039   MILLER JOSE L               116 WILLIAM STREET            STAMFORD           CT   06902       44,700.00
SB39    10266118120   BETTS ANNA M                748 STEVENS AVENUE            LANCASTER          PA   17602       10,000.00
SB39    10266118138   STEPHANO KRISTINA           100 HOPE STREET UNIT 11       STAMFORD           CT   06906       15,500.00
SB39    10266118211   ASHCRAFT CHARLES S          5000 STEED COURT              FAYETTEVILLE       NC   28306       25,000.00
SB39    10266118226   PICINIC JOHN                35 BEECH STREET               LITTLE FERRY       NJ   07643      180,000.00
SB39    10266118329   ALVAREZ MARTHA              58 RUTLEDGE STREET            BRENTWOOD          NY   11717      118,800.00
SB39    10266118440   WALKER ROBERT E             1011 SOUTH STATE STREET       TACOMA             WA   98405       31,250.00
SB39    10266118503   ANDERTON RUSSELL S          4979 SOUTH 4460 WEST          SALT LAKE CITY     UT   84118       16,356.00
SB39    10266118536   CURRAH BRIAN L              123 NORTH CEDAR STREET        CENTRALIA          WA   98531       51,300.00
SB39    10266118541   THURGOOD DON B              1697 WEST 700 SOUTH           SYRACUSE           UT   84075       19,500.00
SB39    10266118652   KHLEIF ROD                  3725 JACKSON STREET           DENVER             CO   80205       40,600.00
SB39    10266118665   MITCHELL GARY               26 BAYONNE AVENUE             CENTRAL ISLIP      NY   11722       80,750.00
SB39    10266118726   HUNTER THOMAS L             1011 S BEST STREET            GOLDSBORO          NC   27530       77,400.00
SB39    10266118814   HEYWOOD WINSTON P           1795 HIGHBROOK STREET         YORKTOWN HEIGHTS   NY   10598       31,000.00
SB39    10266118851   BARBER DAVID N              1318 SATTERLEE ROAD           ANACORTES          WA   98221       33,000.00
SB39    10266118861   GARVIN MARILYN K            8726 CONGRESS STREET          PORT RICHEY        FL   34668       10,100.00
SB39    10266119058   STEWART HOWARD L            206 78TH STREET               HOLMES BEACH       FL   34217      112,500.00
SB39    10266119060   HUGHES EDWARD T             227 NEWARK ROAD               WEST GROVE         PA   19390      128,400.00
SB39    10266119065   MCCOWN WALTER R JR          36 VALLEY VIEW ROAD           CHALFONT           PA   18914       92,000.00
SB39    10266119107   ANDERSON PAUL CLARK         6029 SOUTH PARK STREET        EVERGREEN          CO   80439       25,000.00
SB39    10266119278   JORGENSEN TOM               9494 SOUTH SMOKETREE CIRCLE   SANDY              UT   84092       15,000.00
SB39    10266119294   SLAWSON CATHERINE C         9503 TIPPETT LANE             GAITHERSBURG       MD   20879       40,000.00
SB39    10266119313   KOPP TIMOTHY A              12631 43RD AVENUE NORTHEAST   MARYSVILLE         WA   98271       17,097.00
SB39    10266119343   KRETSCHMAR JAMES R          2653 SOUTH TENNYSON WAY       DENVER             CO   80219       22,000.00
SB39    10266119344   MCMANUS STEPHEN E           246 TIERRA CIRCLE             EAGLE POINT        OR   97524       71,200.00
SB39    10266119490   BUTLER ROBERT C             5567 NAYLOR COURT             NORCROSS           GA   30092       80,000.00
SB39    10266119496   KIRKMAN JAMES DALE          376 WEST 3100 SOUTH           BOUNTIFUL          UT   84010       28,148.00
SB39    10266119498   PHELPS THOMAS W             1500 SOUTH MARILYN DRIVE      SYRACUSE           UT   84075       14,112.00
SB39    10266119501   LUBLIN JAMES P              1811 SOUTH FUNDY WAY          AURORA             CO   80017       31,000.00
SB39    10266119574   KHAN ABDUL S                20 LONE OAK AVENUE            WOLCOTT            CT   06716       12,000.00
SB39    10266119617   WALKOWSKI A J               3742-3744 S 3375 W HARVEY ST  WEST VALLEY CITY   UT   84119       77,000.00
SB39    10266119619   WALKOWSKI A J               313-319 EAST 8920 SOUTH       SANDY              UT   84070      125,300.00
SB39    10266119670   SISCO LAWRENCE M            74 MCEWEN STREET              WARWICK            NY   10990      113,000.00
SB39    10266119672   KARANTONIS PETER            617 BOSTON STREET             TARPON SPRINGS     FL   34689       44,000.00
SB39    10266119675   WALKER RYAN R               256 EAST MONTICELLO DRIVE     KAYSVILLE          UT   84037       24,091.00
SB39    10266119677   PHILLIPPS GARY L            2687 WEST 10950 SOUTH         SOUTH JORDAN       UT   84095       42,250.00
SB39    10266119687   LEWCHENKO CHRISTINE         7112 COVENTRY DRIVE           PORT RICHEY        FL   34668       21,900.00
SB39    10266119689   MARTINMAAS STEVEN L         3052 TESS AVENUE NE           SALEM              OR   97301       73,100.00
SB39    10266119917   FULTON TIMOTHY C            149 OXBOW LANE                GUILFORD           CT   06437       17,600.00
SB39    10266120004   MORLEY MICHEL B             6731 SOUTH BEARGRASS ROAD     WEST JORDAN        UT   84084       14,000.00
SB39    10266120047   LEIDL RANDOLPH              5 GREENVALE LANE              SYOSSET            NY   11791       90,000.00
SB39    10266120080   CHAMBERS MAGDALENA          111 EAST 700 SOUTH            PLEASANT GROVE     UT   84062       13,990.00
SB39    10266120125   NEYMEYER LINDSAY L          11002 37TH AVENUE NORTHWEST   GIG HARBOR         WA   98332       25,000.00
SB39    10266120165   SHUTE MARK H                7904 HORIZON DRIVE            COLORADO SPRINGS   CO   80920       45,960.00
SB39    10266120227   HOLT BRIAN R                2412 WEST HARDROCK DRIVE      SALT LAKE CITY     UT   84119       12,019.00
SB39    10266120228   JOHNSON DONALD O            4304 WEST CORTNEY PLACE       WEST VALLEY CITY   UT   84120       46,391.00
SB39    10266120230   LIPSCHUTZ IRV H             13522 COUNTY ROAD 102         ELBERT             CO   80106       50,000.00
SB39    10266120375   RIDDLE ROBERT L             6847 WEST 4035 SOUTH          WEST VALLEY CITY   UT   84120       18,000.00
SB39    10266120377   EOFF KERRY GUY              6169 SOUTH VIXEN WAY          SALT LAKE CITY     UT   84118       24,026.00
SB39    10266120392   GRAUER DAVID I              22 MILDRED PARKWAY            NEW ROCHELLE       NY   10804      150,000.00
SB39    10266120411   TOLMAN DOUG F               5299 SOUTH CHARLOTTE AVENUE   SALT LAKE CITY     UT   84118       32,500.00
SB39    10266120531   SAVAGE D CRAIG              6139 SOUTH COPPER CITY DRIVE  SALT LAKE CITY     UT   84118       13,669.00
SB39    10266120793   EVRAETS JEFFREY P           554 MANITOU AVENUE            GREEN BAY          WI   54311      141,900.00
SB39    10266120944   MADSEN STEVEN               2521 WEST BRUCEMONT DRIVE     SALT LAKE CITY     UT   84118       25,000.00
SB39    10266121019   WARNER THOMAS A             5559 COUNTRY HEIGHTS COURT    COLORADO SPRINGS   CO   80917       18,843.00
SB39    10266121055   PERRY STEPHEN D             19570 BROKEN FENCE WAY        MONUMENT           CO   80132       34,700.00
SB39    10266121064   JONES LATITIA D             1661 SHAM COURT               ANNAPOLIS          MD   21401      113,250.00
SB39    10266121091   LEVINE BARRY R              107 IROQUOIS AVENUE           LAKE HIAWATHA      NJ   07034       37,000.00
SB39    10266121102   PARK CALVIN LEON            712 NORTH DOROTHEA WAY        SALT LAKE CITY     UT   84116       37,000.00
SB39    10266121369   KRAUT NOLA K                3668 WEST VISTA WEST DRIVE    WEST JORDAN        UT   84088       11,000.00
SB39    10266121433   STONER GAIL A               121 EAST MARBLE STREET        MECHANICSBURG      PA   17055       31,000.00
<CAPTION>
                                                Cut-off Date  First                                 Original  Current    Scheduled
                                                 Principal   Payment   Maturity    Rem      Date       LTV    Mortgage    Payment
Sale ID  Account        Name                      Balance      Date      Date      Term     Due       Ratio     Rate    Int & Prin
- ----------------------------------------------------------------------------------------------------------------------------------
<S>    <C>           <C>                        <C>          <C>       <C>       <C>      <C>         <C>      <C>    <C>   
SB39   10266117225   LEWIS STEPHEN M              15,934.80  06/14/96  05/14/11   177.90  08/14/96     77.9    14.850     221.78
SB39   10266118039   MILLER JOSE L                44,700.00  07/25/96  06/25/11   179.28  07/25/96     89.9    11.650     526.45
SB39   10266118120   BETTS ANNA M                 10,000.00  07/24/96  06/24/06   119.24  07/24/96     89.9    11.400     140.02
SB39   10266118138   STEPHANO KRISTINA            15,500.00  07/19/96  06/19/11   179.08  07/19/96     59.3    12.300     189.03
SB39   10266118211   ASHCRAFT CHARLES S           25,000.00  07/19/96  06/19/11   179.08  07/19/96     83.2    10.100     270.18
SB39   10266118226   PICINIC JOHN                180,000.00  07/26/96  06/26/11   179.31  07/26/96     75.0    10.950   2,040.23
SB39   10266118329   ALVAREZ MARTHA              118,800.00  07/03/96  06/03/26   358.55  07/03/96     90.0    10.500   1,086.71
SB39   10266118440   WALKER ROBERT E              31,250.00  07/18/96  06/18/11   179.05  07/18/96     84.8    12.700     389.24
SB39   10266118503   ANDERTON RUSSELL S           16,356.00  07/04/96  06/04/16   238.59  08/04/96     89.9    11.400     173.30
SB39   10266118536   CURRAH BRIAN L               51,244.39  07/17/96  06/17/26   359.01  08/17/96     90.0    11.150     494.37
SB39   10266118541   THURGOOD DON B               19,500.00  07/14/96  06/14/11   178.92  07/14/96     90.0    11.650     229.66
SB39   10266118652   KHLEIF ROD                   40,600.00  07/14/96  06/14/11   178.92  07/14/96     70.0    10.700     377.47
SB39   10266118665   MITCHELL GARY                80,750.00  07/19/96  06/19/26   359.08  07/19/96     85.0    11.500     799.66
SB39   10266118726   HUNTER THOMAS L              77,400.00  07/03/96  06/03/26   358.55  08/03/96     90.0    11.150     745.88
SB39   10266118814   HEYWOOD WINSTON P            31,000.00  07/19/96  06/19/11   179.08  07/19/96     84.6    10.550     343.64
SB39   10266118851   BARBER DAVID N               32,821.44  07/14/96  06/14/11   178.92  08/14/96     84.5    12.700     357.32
SB39   10266118861   GARVIN MARILYN K             10,100.00  07/24/96  06/24/11   179.24  07/24/96     84.9    12.250     122.85
SB39   10266119058   STEWART HOWARD L            112,500.00  07/17/96  06/17/26   359.01  07/17/96     83.3    10.850   1,058.63
SB39   10266119060   HUGHES EDWARD T             128,259.96  07/10/96  06/10/11   178.78  08/10/96     80.0    12.990   1,419.36
SB39   10266119065   MCCOWN WALTER R JR           91,844.94  07/19/96  06/19/11   179.08  08/19/96     60.9    10.950     872.66
SB39   10266119107   ANDERSON PAUL CLARK          24,919.79  07/19/96  06/19/11   179.08  08/19/96     74.7    11.200     287.30
SB39   10266119278   JORGENSEN TOM                15,000.00  07/01/96  06/01/11   178.49  07/01/96     78.6    12.940     189.18
SB39   10266119294   SLAWSON CATHERINE C          40,000.00  07/18/96  06/18/11   179.05  07/18/96     85.2     9.700     422.53
SB39   10266119313   KOPP TIMOTHY A               17,015.54  07/24/96  06/24/11   179.24  08/24/96     89.9    11.650     201.36
SB39   10266119343   KRETSCHMAR JAMES R           22,000.00  07/26/96  06/26/11   179.31  07/26/96     89.9    11.650     259.10
SB39   10266119344   MCMANUS STEPHEN E            71,200.00  07/18/96  06/18/11   179.05  07/18/96     80.0    10.700     661.96
SB39   10266119490   BUTLER ROBERT C              79,988.97  07/07/96  06/07/11   178.68  08/07/96     35.5    11.500     792.23
SB39   10266119496   KIRKMAN JAMES DALE           28,148.00  07/01/96  06/01/11   178.49  07/01/96     73.3    12.840     353.18
SB39   10266119498   PHELPS THOMAS W              14,112.00  07/01/96  06/01/11   178.49  07/01/96     89.7    12.840     177.07
SB39   10266119501   LUBLIN JAMES P               31,000.00  07/19/96  06/19/11   179.08  07/19/96     84.2    12.700     386.13
SB39   10266119574   KHAN ABDUL S                 12,000.00  07/24/96  06/24/11   179.24  07/24/96     75.8    13.990     159.73
SB39   10266119617   WALKOWSKI A J                77,000.00  07/18/96  06/18/11   179.05  07/18/96     69.3     9.500     647.46
SB39   10266119619   WALKOWSKI A J               125,300.00  07/17/96  06/17/11   179.01  07/17/96     70.0     9.850   1,085.73
SB39   10266119670   SISCO LAWRENCE M            113,000.00  07/19/96  06/19/11   179.08  07/19/96     81.8     9.990     990.82
SB39   10266119672   KARANTONIS PETER             44,000.00  07/19/96  06/19/11   179.08  07/19/96     80.0    10.900     497.34
SB39   10266119675   WALKER RYAN R                24,091.00  07/17/96  06/17/11   179.01  07/17/96     64.9    15.200     340.48
SB39   10266119677   PHILLIPPS GARY L             42,250.00  07/01/96  06/01/16   238.49  07/01/96     89.8    12.840     490.18
SB39   10266119687   LEWCHENKO CHRISTINE          21,900.00  07/21/96  06/21/16   239.15  07/21/96     46.5    10.750     222.34
SB39   10266119689   MARTINMAAS STEVEN L          73,100.00  07/18/96  06/18/11   179.05  07/18/96     85.0     9.500     614.66
SB39   10266119917   FULTON TIMOTHY C             17,600.00  07/24/96  06/24/11   179.24  07/24/96     88.7    12.000     211.23
SB39   10266120004   MORLEY MICHEL B              14,000.00  07/03/96  06/03/11   178.55  07/03/96     89.8    12.600     173.47
SB39   10266120047   LEIDL RANDOLPH               90,000.00  07/19/96  06/19/16   239.08  07/19/96     63.2    10.950     925.91
SB39   10266120080   CHAMBERS MAGDALENA           13,990.00  07/24/96  06/24/11   179.24  07/24/96     81.6    11.200     160.77
SB39   10266120125   NEYMEYER LINDSAY L           25,000.00  07/26/96  06/26/11   179.31  07/26/96     89.9    11.650     250.44
SB39   10266120165   SHUTE MARK H                 45,960.00  07/19/96  06/19/11   179.08  07/19/96     90.0    11.650     541.29
SB39   10266120227   HOLT BRIAN R                 12,019.00  07/04/96  06/04/11   178.59  07/04/96     79.9    14.850     166.98
SB39   10266120228   JOHNSON DONALD O             46,391.00  07/04/96  06/04/11   178.59  08/04/96     90.0    12.600     574.80
SB39   10266120230   LIPSCHUTZ IRV H              49,946.89  07/18/96  06/18/11   179.05  08/18/96     84.5    11.250     485.63
SB39   10266120375   RIDDLE ROBERT L              17,989.89  07/05/96  06/05/11   178.62  08/05/96     84.8    12.940     227.03
SB39   10266120377   EOFF KERRY GUY               24,024.20  07/06/96  06/06/11   178.65  08/06/96     80.0    14.900     334.62
SB39   10266120392   GRAUER DAVID I              150,000.00  07/21/96  06/21/16   239.15  07/21/96     66.4     9.900   1,437.61
SB39   10266120411   TOLMAN DOUG F                32,467.24  07/05/96  06/05/11   178.62  08/05/96     89.8    12.600     402.69
SB39   10266120531   SAVAGE D CRAIG               13,669.00  07/11/96  06/11/11   178.82  07/11/96     76.5    15.350     194.60
SB39   10266120793   EVRAETS JEFFREY P           141,900.00  07/21/96  06/21/11   179.15  07/21/96     84.9    12.200   1,481.48
SB39   10266120944   MADSEN STEVEN                24,968.93  07/07/96  06/07/11   178.68  08/07/96     74.8    15.100     351.61
SB39   10266121019   WARNER THOMAS A              18,843.00  07/24/96  06/24/11   179.24  07/24/96     84.9    12.700     234.70
SB39   10266121055   PERRY STEPHEN D              34,700.00  07/25/96  06/25/11   179.28  07/25/96     89.9    11.250     399.86
SB39   10266121064   JONES LATITIA D             113,250.00  07/21/96  06/21/26   359.15  07/21/96     80.8    13.250   1,274.94
SB39   10266121091   LEVINE BARRY R               36,911.30  06/03/96  05/03/11   177.53  08/03/96     90.0    12.250     450.03
SB39   10266121102   PARK CALVIN LEON             37,000.00  07/10/96  06/10/11   178.78  07/10/96     68.4    13.850     489.02
SB39   10266121369   KRAUT NOLA K                 10,964.89  07/11/96  06/11/11   178.82  08/11/96     75.1    11.350     127.45
SB39   10266121433   STONER GAIL A                31,000.00  07/18/96  06/18/11   179.05  07/18/96     39.9    10.950     351.37
</TABLE>
<PAGE>
<TABLE>
                                                                                                                     Page 6  7/18/96
Alliance Funding Company                                           Sale Schedule
A division of Superior Bank FSB     1996-2 Class 1 - 2nd Subsequent Transfer of Fixed Rate Mortgages  -  Settlement 7/18/96
<CAPTION>
                                                                                                                   Principal
                                                                                                        Zip        Balance at
Sale ID  Account        Name                           Address                   City            State  Code      Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>     <C>      
SB39    10266121478   YAMASHITA JANET A           3245 WEST 8475 SOUTH          WEST JORDAN        UT   84088      153,000.00
SB39    10266121779   LEE KWANG SOON              14530 SOUTHWEST AGATE COURT   BEAVERTON          OR   97007      182,700.00
SB39    10266121944   RASMUSSEN JEFFREY B         887 WEST 1935 SOUTH           WOODS CROSS        UT   84087       11,000.00
SB39    10266121951   LEMMON BRUCE H              3798 SOUTH 8200 WEST          MAGNA              UT   84044       18,850.00
SB39    10266121955   WOODS ALLEN A               6765 SOUTH SHOOTINGSTAR AVENU WEST JORDAN        UT   84084       25,000.00
SB39    10266122292   ONGE ALBERT ST              7741 NORTHWEST 45TH COURT     LAUDERHILL         FL   33351       25,000.00
SB39    10266122366   YORK MARVIN L               3650 WEST 7950 SOUTH          WEST JORDAN        UT   84088       18,150.00
        ------------------------------------------                                                           ----------------
            131       Sale Total                                                                                 6,912,464.00
            300       Total with Superior                                                                       16,610,104.00
<CAPTION>
                                                Cut-off Date  First                                 Original  Current    Scheduled
                                                 Principal   Payment   Maturity    Rem      Date       LTV    Mortgage    Payment
Sale ID  Account        Name                      Balance      Date      Date      Term     Due       Ratio     Rate    Int & Prin
- ----------------------------------------------------------------------------------------------------------------------------------
<S>    <C>           <C>                        <C>          <C>       <C>       <C>      <C>         <C>      <C>    <C>   
SB39   10266121478   YAMASHITA JANET A           153,000.00  07/19/96  06/19/26   359.08  07/19/96     90.0    11.150   1,474.42
SB39   10266121779   LEE KWANG SOON              182,700.00  07/25/96  06/25/26   359.28  07/25/96     90.0    11.150   1,760.63
SB39   10266121944   RASMUSSEN JEFFREY B          10,979.06  07/14/96  06/14/11   178.92  08/14/96     45.5    11.590     129.13
SB39   10266121951   LEMMON BRUCE H               18,850.00  07/18/96  06/18/11   179.05  07/18/96     88.1    12.600     233.56
SB39   10266121955   WOODS ALLEN A                25,000.00  07/14/96  06/14/11   178.92  07/14/96     74.6    15.350     355.91
SB39   10266122292   ONGE ALBERT ST               25,000.00  07/17/96  06/17/11   179.01  07/17/96     83.9    11.650     294.44
SB39   10266122366   YORK MARVIN L                18,150.00  07/18/96  06/18/11   179.05  07/18/96     65.0    15.600     261.52
                                             --------------                    ---------          ------------------------------
                                               6,903,819.66                       235.61               79.5    11.441  72,262.13
                                              16,593,492.05                       234.46               78.3    11.448 172,989.19
</TABLE>
<PAGE>
<TABLE>
                                                                                                                     Page 7  7/18/96
Alliance Funding Company                                           Sale Schedule
A division of Superior Bank FSB     1996-2 Class 1 - 2nd Subsequent Transfer of Fixed Rate Mortgages  -  Settlement 7/18/96
<CAPTION>
                                                                                                                   Principal
                                                                                                        Zip        Balance at
Sale ID  Account        Name                           Address                   City            State  Code      Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>       <C>      
SBCL5   10266117005   RUIZ JOSE O                 901 SUMMIT AVENUE             UNION CITY         NJ   07087      157,500.00
SBCL5   10266118292   HENTON JUNE S               625 WEST MAIN STREET          NEW BRITAIN        CT   06050       91,000.00
SBCL5   10266118393   BRUMAIRE PAUL G             2149 CORTELYOU ROAD           BROOKLYN           NY   11226      375,000.00
SBCL5   10266120158   FICHERA PAUL                692 BAY STREET                STATEN ISLAND      NY   10304      120,000.00
        ------------------------------------------                                                           ----------------
             4        Sale Total                                                                                   743,500.00
             4        Total with Superior Retail                                                                   743,500.00
           304        Grand Total                                                                               17,353,604.00
<CAPTION>
                                                Cut-off Date  First                                 Original  Current    Scheduled
                                                 Principal   Payment   Maturity    Rem      Date       LTV    Mortgage    Payment
Sale ID  Account        Name                      Balance      Date      Date      Term     Due       Ratio     Rate    Int & Prin
- ----------------------------------------------------------------------------------------------------------------------------------
<S>    <C>           <C>                        <C>          <C>       <C>       <C>      <C>         <C>      <C>    <C>   
SBCL5  10266117005   RUIZ JOSE O                 157,169.16  07/07/96  06/07/11   178.68  08/07/96     70.0    11.490   1,838.90
SBCL5  10266118292   HENTON JUNE S                91,000.00  08/01/96  07/01/11   179.47  09/01/96     61.4    11.500   1,063.05
SBCL5  10266118393   BRUMAIRE PAUL G             375,000.00  08/01/96  07/01/11   179.47  08/01/96     50.0    14.250   4,585.98
SBCL5  10266120158   FICHERA PAUL                120,000.00  08/01/96  07/01/11   179.47  09/01/96     60.0    11.100   1,184.82
                                          -----------------                    ---------          ------------------------------
                                                 743,169.16                       179.30               57.2    12.821   8,672.75
                                                 743,169.16                       179.30               57.2    12.821   8,672.75
                                              17,336,661.21                       232.10               77.4    11.507 181,661.94
</TABLE>

<PAGE>
<TABLE>
                                                                                                                    Page 1  7/18/96
Alliance Funding Company                                                   Sale Schedule A
A division of Superior Bank FSB       1996-2 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages - Settlement 7/18/96
<CAPTION>
                                                                                                          Principal 
                                                                                                Zip      Balance at 
Sale ID  Account       Name                      Address                  City           State  Code     Origination
- --------------------------------------------------------------------------------------------------------------------
<S>    <C>          <C>                    <C>                            <C>               <C> <C>       <C>       
SB535  10216078236  BLAKE JEFFREY          997 SERFAS CLUB DRIVE          CORONA            CA  91720     145,708.00
SB535  10216091631  WHITE JEFFERY LEE      13414 SW UPLANDS DR            TIGARD            OR  97223     116,325.00
SB535  10216111983  NORMAN WILLIE J        551 NORTH LOMBARD STREET       PORTLAND          OR  97217      92,000.00
SB535  10216112186  MERRILL BARBARA DEE    8459 SOUTH 3155 WEST           WEST JORDAN       UT  84088      98,000.00
SB535  10216112393  LUDWIG WILLIAM R       396 HARTFORD SQUARE            WEST CHESTER      PA  19380     102,500.00
SB535  10216112631  RICE GERALD E          3398 HARRIS ROAD               PORT ORCHARD      WA  98366      96,050.00
SB535  10216112848  CHRISTENSEN THOMAS L   338 S. GLADSTONE               AURORA            IL  60506      50,000.00
SB535  10216113128  HOWARD JIMMIE D        1011 NORTH CUSTER AVENUE       COLORADO SPRINGS  CO  80903      93,200.00
SB535  10216113532  ROBERSON DORIS         194 CONE AVENUE                CENTRAL ISLIP     NY  11722      79,200.00
SB535  10216114551  RAPP ROBERT W          5706 MCINTYRE STREET           GOLDEN            CO  80403     248,000.00
SB535  10216114608  BROWN JAMES C          2923 HUNTER WAY                WEST LINN         OR  97068     259,250.00
SB535  10216114878  DWORKIN JAN ROBIN      3308 NORTHWEST OCEANIA DRIVE   WALDPORT          OR  97394      99,400.00
SB535  10216115167  STARKS JEROME A        1869 EAST SEGO LILY DRIVE      SANDY             UT  84092     168,000.00
SB535  10216115255  BONHAM RICHARD H       1534 MT EVANS DRIVE            LONGMONT          CO  80501     108,000.00
SB535  10216115331  PAULSON JONATHAN V     4810 SOUTH 73RD STREET         TACOMA            WA  98409     106,207.00
SB535  10216115504  JOHNSON DEBORA L       4163 LAKEVIEW DRIVE            ATTICA            MI  48412      73,000.00
SB535  10216115704  SOREN RICHARD V SR     804 PREVEDAL ROAD              LYMAN             WA  98263     103,200.00
SB535  10216115711  VENTOLA FRANCIS E      309 AMERICAN WAY               BRECKENRIDGE      CO  80424     140,000.00
SB535  10216115854  ARTHAREE BARUTI L      3107 NORTHEAST 158TH AVENUE    PORTLAND          OR  97230     216,750.00
SB535  10216116092  ALEXANDROWICZ MICHAEL  814 EVERGREEN AVENUE           FOLSOM            PA  19033     136,000.00
SB535  10216116300  ADAMS MICHAEL P        3451 UNIONTOWN ROAD            UNIONTOWN         MD  21158     137,700.00
SB535  10216117247  WALKER DANIEL B        17323 SE RENTON ISSAQUAH ROAD  RENTON            WA  98059      88,000.00
SB535  10216117778  CARMONA GUILLERMINA    5925 SOUTH MOZART STREET       CHICAGO           IL  60629      60,800.00
SB535  10216117818  ROZYCKI CHARLES R      7649 W. BRYN MAWR              CHICAGO           IL  60631      50,000.00
SB535  10216117834  LEHMANN WALTRAUD       5397 BARTON ROAD               NORTH RIDGEVILLE  OH  44039      55,000.00
SB535  10216117866  KOTKOWSKI KEVIN J      8154 CENTER STREET             GARRETTSVILLE     OH  44231      85,000.00
SB535  10216118128  SIMONS CHERIE          12289 W TANFORAN AVENUE        MORRISON          CO  80465      80,750.00
SB535  10216118401  HELLEY DALE            4216 SE 90TH STREET            PORTLAND          OR  97266      92,700.00
SB535  10216118410  SHRYBMAN JAMES A       3 COLUMBIA AVENUE              TAKOMA PARK       MD  20912     340,000.00
SB535  10216119005  STUMHOFER NANCY S      1820 SALEM ROAD                WYOMISSING        PA  19610     110,500.00
SB535  10216119027  CRAIG PHIL             2668 EAST TONI CIRCLE          SALT LAKE CITY    UT  84121     176,000.00
SB535  10216119033  COMBA ROBERT P         3 WEST COURT STREET            EAST ROCKAWAY     NY  11518      87,000.00
SB535  10216119100  MARTINEZ PAUL M        4455 MELVILLE DRIVE            COLORADO SPRINGS  CO  80916      64,000.00
SB535  10216119116  WOOLLEY PATRICIA D     1430 EAST BLAINE AVENUE        SALT LAKE CITY    UT  84105     141,865.00
SB535  10216119257  ADAMS BARBARA ANN      7719 185TH AVENUE EAST         BONNEY LAKE       WA  98390     136,000.00
SB535  10216119295  GILLIAM CHRISTOPHER L  147 BROOKS BEND                BROWNSBURG        IN  46112      69,200.00
SB535  10216119438  MILLER CHRISTOPHER L   6043 WEST BORAX AVENUE         SALT LAKE CITY    UT  84118     103,500.00
SB535  10216119502  GAY WILLIAM A          6156 SOUTH JERICHO WAY         AURORA            CO  80016     208,700.00
SB535  10216119872  CORREA ELIZABETH       4129 NORTH LECLAIRE            CHICAGO           IL  60641     107,200.00
SB535  10216119973  BUCHANAN ALYSA M       7117 WOODRIDGE DRIVE           CINCINNATI        OH  45230      72,000.00
SB535  10216120259  MARFISE MARK W         14936 SOUTH KEELER             MIDLOTHIAN        IL  60445      57,000.00
SB535  10216120575  ROSBOROUGH GEORGIA A   5561 CARSON WAY                DENVER            CO  80239      68,000.00
SB535  10216120839  WARDREP KEVIN M        2260 BUXTON AVE.               CINCINNATI        OH  45212      62,600.00
SB535  10216121058  ROBLEY NANCY           1870 WEST CHATEAU AVENUE       TAYLORSVILLE      UT  84118     100,300.00
SB535  10216121812  KAPETANSKY DAVE        3488 WOODHAVEN ROAD            ATLANTA           GA  30305     357,400.00
SB535  10216122084  SACRE TIMOTHY VAN      401 ONTARIO                    TOOELE            UT  84074      68,775.00
       ------------------------------------                                                          ---------------
         46         Sale Total                                                                          5,510,780.00

<CAPTION>
                                          Cut-off Date   First               Initial    Minimum   Maximum
                                           Principal    Payment  Maturity    Mortgage   Mortgage  Mortgage    Gross   
Sale ID  Account       Name                 Balance      Date      Date        Rate      Rate       Rate      Margin  
- ----------------------------------------------------------------------------------------------------------------------
<S>    <C>          <C>                    <C>         <C>        <C>          <C>       <C>       <C>        <C>  
SB535  10216078236  BLAKE JEFFREY          144,565.43  11/01/92   10/01/22     10.000    10.000    16.000     4.375
SB535  10216091631  WHITE JEFFERY LEE      116,181.32  04/01/96   03/01/26     10.375    10.375    16.375     7.250
SB535  10216111983  NORMAN WILLIE J         92,000.00  08/01/96   07/01/26      8.375     8.375    14.375     4.500
SB535  10216112186  MERRILL BARBARA DEE     97,957.79  06/01/96   05/01/26     10.125    10.125    16.125     6.500
SB535  10216112393  LUDWIG WILLIAM R       102,500.00  08/01/96   07/01/26     12.125    12.125    18.125     8.500
SB535  10216112631  RICE GERALD E           95,936.17  06/01/96   05/01/26      8.625     8.625    14.625     5.000
SB535  10216112848  CHRISTENSEN THOMAS L    50,000.00  08/01/96   07/01/26     11.250    11.250    17.250     6.750
SB535  10216113128  HOWARD JIMMIE D         93,200.00  08/01/96   07/01/26     10.875    10.875    16.875     7.250
SB535  10216113532  ROBERSON DORIS          79,170.98  07/01/96   06/01/26     10.875    10.875    16.875     8.500
SB535  10216114551  RAPP ROBERT W          247,837.78  07/01/96   06/01/26      8.125     8.125    14.125     4.500
SB535  10216114608  BROWN JAMES C          259,108.38  07/01/96   06/01/26      9.000     9.000    15.000     5.500
SB535  10216114878  DWORKIN JAN ROBIN       99,331.59  07/01/96   06/01/26      7.875     7.875    13.875     4.250
SB535  10216115167  STARKS JEROME A        168,000.00  08/01/96   07/01/26      9.000     9.000    15.000     5.250
SB535  10216115255  BONHAM RICHARD H       108,000.00  08/01/96   07/01/26     10.875    10.875    16.875     7.250
SB535  10216115331  PAULSON JONATHAN V     106,207.00  08/01/96   07/01/26     10.250    10.250    16.250     6.500
SB535  10216115504  JOHNSON DEBORA L        73,000.00  08/01/96   07/01/26      9.125     9.125    15.125     5.500
SB535  10216115704  SOREN RICHARD V SR     103,153.11  07/01/96   06/01/26      9.875     9.875    15.875     6.250
SB535  10216115711  VENTOLA FRANCIS E      140,000.00  08/01/96   07/01/26      8.875     8.875    14.875     5.250
SB535  10216115854  ARTHAREE BARUTI L      216,750.00  08/01/96   07/01/26     10.125    10.125    16.125     6.250
SB535  10216116092  ALEXANDROWICZ MICHAEL  136,000.00  08/01/96   07/01/26     10.125    10.125    16.125     6.500
SB535  10216116300  ADAMS MICHAEL P        137,700.00  08/01/96   07/01/26      8.625     8.625    14.625     5.000
SB535  10216117247  WALKER DANIEL B         87,960.02  07/01/96   06/01/26      9.875     9.875    15.875     6.250
SB535  10216117778  CARMONA GUILLERMINA     60,800.00  08/01/96   07/01/26     11.375    11.375    17.375     7.500
SB535  10216117818  ROZYCKI CHARLES R       50,000.00  08/01/96   07/01/26      9.875     9.875    15.875     6.000
SB535  10216117834  LEHMANN WALTRAUD        55,000.00  08/01/96   07/01/26      9.500     9.500    15.500     5.750
SB535  10216117866  KOTKOWSKI KEVIN J       85,000.00  08/01/96   07/01/26      8.125     8.125    14.125     4.500
SB535  10216118128  SIMONS CHERIE           80,750.00  08/01/96   07/01/26     10.250    10.250    16.250     6.500
SB535  10216118401  HELLEY DALE             92,662.16  07/01/96   06/01/26     10.375    10.375    16.375     6.750
SB535  10216118410  SHRYBMAN JAMES A       340,000.00  08/01/96   07/01/26     10.625    10.625    16.625     7.750
SB535  10216119005  STUMHOFER NANCY S      110,500.00  08/01/96   07/01/26      9.875     9.875    15.875     7.500
SB535  10216119027  CRAIG PHIL             176,000.00  08/01/96   07/01/26     10.750    10.750    16.750     7.000
SB535  10216119033  COMBA ROBERT P          87,000.00  08/01/96   07/01/26      9.375     9.375    15.375     5.750
SB535  10216119100  MARTINEZ PAUL M         64,000.00  08/01/96   07/01/26      8.625     8.625    14.625     5.000
SB535  10216119116  WOOLLEY PATRICIA D     141,865.00  08/01/96   07/01/26      9.125     9.125    15.125     5.500
SB535  10216119257  ADAMS BARBARA ANN      136,000.00  08/01/96   07/01/26     10.250    10.250    16.250     6.500
SB535  10216119295  GILLIAM CHRISTOPHER L   69,099.75  07/01/96   06/01/26      9.625     9.625    15.625     6.000
SB535  10216119438  MILLER CHRISTOPHER L   103,500.00  08/01/96   07/01/26      9.625     9.625    15.625     5.750
SB535  10216119502  GAY WILLIAM A          208,700.00  08/01/96   07/01/26     10.625    10.625    16.625     6.750
SB535  10216119872  CORREA ELIZABETH       107,200.00  08/01/96   07/01/26      9.750     9.750    15.750     6.000
SB535  10216119973  BUCHANAN ALYSA M        72,000.00  08/01/96   07/01/26      7.375     7.375    13.375     3.750
SB535  10216120259  MARFISE MARK W          57,000.00  08/01/96   07/01/26     11.375    11.375    17.375     6.750
SB535  10216120575  ROSBOROUGH GEORGIA A    68,000.00  08/01/96   07/01/26     10.125    10.125    16.125     6.250
SB535  10216120839  WARDREP KEVIN M         62,600.00  08/01/96   07/01/26      9.750     9.750    15.750     6.000
SB535  10216121058  ROBLEY NANCY           100,300.00  08/01/96   07/01/26     10.375    10.375    16.375     6.500
SB535  10216121812  KAPETANSKY DAVE        357,400.00  08/01/96   07/01/26      9.375     9.375    15.375     6.250
SB535  10216122084  SACRE TIMOTHY VAN       68,775.00  08/01/96   07/01/26      8.875     8.875    14.875     5.000
                                         ------------                         -------------------------------------
                                         5,508,711.48                           9.734     9.734    15.734     6.112
</TABLE>
<PAGE>
<TABLE>
                                                                                                                    Page 2  7/18/96
Alliance Funding Company                                                   Sale Schedule A
A division of Superior Bank FSB       1996-2 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages - Settlement 7/18/96
<CAPTION>
                                                                                                                  Principal
                                                                                                        Zip       Balance at
Sale ID   Account        Name                      Address                     City             State   Code     Origination
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                         <C>                           <C>                <C>  <C>        <C>       
SB536   10216106300   NEVILLE ROBERT F JR         10 MARGOOD COURT              EAST RUTHERFORD    NJ   07073      213,300.00
SB536   10216108363   HAZY VILMUS                 23 SPEER STREET               SOMERVILLE         NJ   08876      128,000.00
SB536   10216110421   PEPE ALLAN W                84 MARCEL STREET              BRIDGEPORT         CT   06606       54,400.00
SB536   10216111411   CLIFF PATRICIA S            1615 SOUTH STREET             KEY WEST           FL   33040      127,500.00
SB536   10216112371   BALANCA ETEM                12 FLINTLOCK DRIVE            HOWELL             NJ   07731      119,750.00
SB536   10216114252   CANAS LUIS                  182 FINMOR DRIVE              GREENBURGH         NY   10607      188,800.00
SB536   10216114743   COCHRAN STEVEN G            1301 LENAPE TRAIL             WALL TOWNSHIP      NJ   08736      196,800.00
SB536   10216115900   BRITTON ROBERT T            3317 UPTON ROAD               BALTIMORE          MD   21234       84,000.00
SB536   10216115948   RYAN RONALD                 34 CONGER STREET              STATEN ISLAND      NY   10305      160,000.00
SB536   10216116041   FOCARETO MICHAEL A          3401 E TURQUOISE AVE          PHOENIX            AZ   85028      104,750.00
SB536   10216116114   GERMINSKY ROBERT A          1522 MEGAN CIRCLE             STEWARTSVILLE      NJ   08886      150,000.00
SB536   10216116150   JONES ROBIN RENEE           3515 BRIAROAK COURT           GREENSBORO         NC   27410       84,575.00
SB536   10216117216   GRIFFIN EILEEN P            37 PLEASANT POINT ROAD        BRANFORD           CT   06405      228,600.00
SB536   10216117898   KENNEDY STEPHEN             30021 AVONDALE                INKSTER            MI   48141       52,500.00
SB536   10216118141   HAYNES VENISTENE REID       555 EAST 38TH STREET          BROOKLYN           NY   11203      191,250.00
SB536   10216118348   ANDERSON KATIE ELIZABETH    915 EAST SOUTH FORK ROAD      PHOENIX            AZ   85048      141,300.00
SB536   10216118477   WINTERS DANIEL J            51 RONALD DRIVE               EAST HANOVER       NJ   07936      233,750.00
SB536   10216118499   WINTERS JOHN LOUIS          20007 TORREY PINES COURT      OREGON CITY        OR   97045      125,600.00
SB536   10216118529   COURT HAZEL A               1525 WEST 1600 NORTH          MAPLETON           UT   84664       85,000.00
SB536   10216118553   J JAMES LAWRENCE MARSHALL   5326 STIGALL ROAD             KERNERSVILLE       NC   27284      109,000.00
SB536   10216118572   FAIL IVAN J                 5470 SOUTH GREENWOOD STREET   LITTLETON          CO   80120      104,000.00
SB536   10216118637   CHISHOLM DEBORAH C          175 COOK HILL ROAD            WALLINGFORD        CT   06492      123,000.00
SB536   10216118700   KIM THOMAS S                4405 SOUTH KALISPELL CIRCLE   AURORA             CO   80015      127,950.00
SB536   10216119018   YASSINE AHMAD A             6520 RUTLAND                  DETROIT            MI   48228       42,500.00
SB536   10216119063   HANSON ALICE A              8125 NORTH TURNPIKE DRIVE     WESTMINSTER        CO   80030       86,250.00
SB536   10216119093   MONCRIEF RICHARD J          30 BEVELL LANE                CLAY               NY   13212       66,400.00
SB536   10216119145   LUGRIS ANDRES               21 MAPLE DRIVE                EAST PATCHOGUE     NY   11772      318,000.00
SB536   10216119243   STYKA FRED S                2025 VALKARIA ROAD            MALABAR            FL   34950      134,000.00
SB536   10216119261   THOMPSON JOSEPH B           502 GALAXY WAY                EFFORT             PA   18330      100,000.00
SB536   10216119274   SIMENDINGER ROBERT A        14 JULIA CIRCLE               SETAUKET           NY   11733      146,000.00
SB536   10216119662   GHOSSAINI ZIAD              58 WAYNE STREET               MONROE             CT   06468      177,500.00
SB536   10216119936   KNIOLA ROBERT               393 W. HARWOOD                MADISON HEIGHTS    MI   48071       46,900.00
SB536   10216119959   SCHUSTER ERNST P            9519 HICKORY FALLS WAY        BALTIMORE          MD   21236      120,000.00
SB536   10216119965   OUK THOM                    8854 SW GREENSWARD LANE       PORTLAND           OR   97224      157,250.00
SB536   10216120117   MAY DAVID                   7393 LONGWORTH                BRIGHTON           MI   48116       99,000.00
SB536   10216120222   ROGALA DAVID M              39374 SUNDERLAND DRIVE        CLINTON TOWNSHIP   MI   48038      131,600.00
SB536   10216120292   MILLIKAN TERRY D            49 EAST FAIRMOUNT AVENUE      PONTIAC            MI   48340       54,900.00
SB536   10216120398   KIM DO YOUNG                3062 HUNTINGTON DRIVE         WEST BLOOMFIELD    MI   48322      221,000.00
SB536   10216120400   AL-ANOON EMAD               7515 WINTHROP                 DETROIT            MI   48228       35,100.00
SB536   10216120812   CHESHIRE DAVID S            2200 ODETTE DRIVE             WATERFORD          MI   48328      101,200.00
SB536   10216120883   BAZZI LAWRENCE              5476 MEAD                     DEARBORN           MI   48126       77,000.00
SB536   10216121094   HARRIS TRACY E              578 SOUTH PINE MEADOW LANE    TOOELE             UT   84074      180,200.00
SB536   10216121317   AWADA ABDALLAH              7721 STEADMAN                 DEARBORN           MI   48126       81,000.00
SB536   10216121414   WILLIAMS BARBARA A          6104 CLARIDGE ROAD            CAMP SPRINGS       MD   20748      141,700.00
        ------------------------------------------                                                           ----------------
             44       Sale Total                                                                                 5,651,325.00
             90       Total with Superior Bank                                                                  11,162,105.00
             90       Grand Total                                                                               11,162,105.00
<CAPTION>

                                                   Cut-off Date     First                   Initial   Minimum   Maximum
                                                     Principal     Payment    Maturity      Mortgage  Mortgage  Mortgage  Gross
Sale ID   Account        Name                         Balance       Date        Date          Rate      Rate      Rate   Margin
- -------------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>                             <C>         <C>        <C>          <C>       <C>       <C>        <C>  

SB536   10216106300   NEVILLE ROBERT F JR             213,100.15   06/01/96   05/01/26         9.750    9.750   15.750   6.750
SB536   10216108363   HAZY VILMUS                     127,922.46   07/01/96   06/01/26         8.500    8.500   14.500   5.500
SB536   10216110421   PEPE ALLAN W                     54,400.00   08/01/96   07/01/26         9.250    9.250   15.250   6.250
SB536   10216111411   CLIFF PATRICIA S                127,500.00   08/01/96   07/01/26         9.875    9.875   15.875   6.750
SB536   10216112371   BALANCA ETEM                    119,750.00   07/01/96   06/01/26        12.125   12.125   18.125   8.500
SB536   10216114252   CANAS LUIS                      188,800.00   08/01/96   07/01/26         8.875    8.875   14.875   5.250
SB536   10216114743   COCHRAN STEVEN G                196,800.00   08/01/96   07/01/26        11.125   11.125   17.125   7.500
SB536   10216115900   BRITTON ROBERT T                 84,000.00   07/01/96   06/01/26         9.375    9.375   15.375   5.750
SB536   10216115948   RYAN RONALD                     160,000.00   08/01/96   07/01/26         8.750    8.750   14.750   5.000
SB536   10216116041   FOCARETO MICHAEL A              104,704.88   07/01/96   06/01/26        10.125   10.125   16.125   6.500
SB536   10216116114   GERMINSKY ROBERT A              150,000.00   08/01/96   07/01/26         9.625    9.625   15.625   7.000
SB536   10216116150   JONES ROBIN RENEE                84,575.00   08/01/96   07/01/26        10.125   10.125   16.125   6.500
SB536   10216117216   GRIFFIN EILEEN P                228,600.00   08/01/96   07/01/26         8.875    8.875   14.875   5.000
SB536   10216117898   KENNEDY STEPHEN                  52,500.00   08/01/96   07/01/26         9.125    9.125   15.125   6.000
SB536   10216118141   HAYNES VENISTENE REID           191,250.00   08/01/96   07/01/26         7.375    7.375   13.375   4.750
SB536   10216118348   ANDERSON KATIE ELIZABETH        141,300.00   08/01/96   07/01/26         9.125    9.125   15.125   5.500
SB536   10216118477   WINTERS DANIEL J                233,750.00   08/01/96   07/01/26        10.375   10.375   16.375   6.750
SB536   10216118499   WINTERS JOHN LOUIS              125,600.00   08/01/96   07/01/26        10.750   10.750   16.750   7.000
SB536   10216118529   COURT HAZEL A                    84,959.48   07/01/96   06/01/26         9.875    9.875   15.875   6.250
SB536   10216118553   J JAMES LAWRENCE MARSHALL       109,000.00   08/01/96   07/01/26         8.875    8.875   14.875   5.250
SB536   10216118572   FAIL IVAN J                     104,000.00   08/01/96   07/01/26         8.750    8.750   14.750   5.000
SB536   10216118637   CHISHOLM DEBORAH C              123,000.00   08/01/96   07/01/26        11.625   11.625   17.625   8.000
SB536   10216118700   KIM THOMAS S                    127,950.00   08/01/96   07/01/26        10.750   10.750   16.750   7.000
SB536   10216119018   YASSINE AHMAD A                  42,500.00   08/01/96   07/01/26         8.125    8.125   14.125   4.500
SB536   10216119063   HANSON ALICE A                   86,250.00   08/01/96   07/01/26         9.625    9.625   15.625   6.000
SB536   10216119093   MONCRIEF RICHARD J               66,400.00   08/01/96   07/01/26        11.250   11.250   17.250   8.250
SB536   10216119145   LUGRIS ANDRES                   318,000.00   08/01/96   07/01/26         9.875    9.875   15.875   6.250
SB536   10216119243   STYKA FRED S                    134,000.00   08/01/96   07/01/26        10.375   10.375   16.375   6.750
SB536   10216119261   THOMPSON JOSEPH B               100,000.00   08/01/96   07/01/26         9.000    9.000   15.000   6.250
SB536   10216119274   SIMENDINGER ROBERT A            146,000.00   08/01/96   07/01/26         9.750    9.750   15.750   7.000
SB536   10216119662   GHOSSAINI ZIAD                  177,500.00   08/01/96   07/01/26         9.375    9.375   15.375   5.750
SB536   10216119936   KNIOLA ROBERT                    46,900.00   08/01/96   07/01/26         8.875    8.875   14.875   5.250
SB536   10216119959   SCHUSTER ERNST P                120,000.00   08/01/96   07/01/26         9.750    9.750   15.750   6.000
SB536   10216119965   OUK THOM                        157,250.00   08/01/96   07/01/26        10.250   10.250   16.250   6.500
SB536   10216120117   MAY DAVID                        99,000.00   08/01/96   07/01/26         8.625    8.625   14.625   5.000
SB536   10216120222   ROGALA DAVID M                  131,600.00   08/01/96   07/01/26         8.875    8.875   14.875   5.250
SB536   10216120292   MILLIKAN TERRY D                 54,900.00   08/01/96   07/01/26         8.625    8.625   14.625   5.000
SB536   10216120398   KIM DO YOUNG                    221,000.00   08/01/96   07/01/26        10.500   10.500   16.500   6.750
SB536   10216120400   AL-ANOON EMAD                    35,100.00   08/01/96   07/01/26         9.500    9.500   15.500   5.750
SB536   10216120812   CHESHIRE DAVID S                101,200.00   08/01/96   07/01/26         9.750    9.750   15.750   6.000
SB536   10216120883   BAZZI LAWRENCE                   77,000.00   08/01/96   07/01/26         8.250    8.250   14.250   4.500
SB536   10216121094   HARRIS TRACY E                  180,200.00   08/01/96   07/01/26         9.875    9.875   15.875   6.250
SB536   10216121317   AWADA ABDALLAH                   81,000.00   08/01/96   07/01/26         9.500    9.500   15.500   5.750
SB536   10216121414   WILLIAMS BARBARA A              141,700.00   08/01/96   07/01/26        10.125   10.125   16.125   6.250
                                                ----------------                      ----------------------------------------
                                                    5,650,961.97                               9.678    9.678   15.678   6.173
                                                   11,159,673.45                               9.706    9.706   15.706   6.143
                                                   11,159,673.45                               9.706    9.706   15.706   6.143
</TABLE>
<PAGE>
<TABLE>
                                                                                                                    Page 1   7/18/96
Alliance Funding Company                                                   Sale Schedule B
A division of Superior Bank FSB        1996-2 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages - Settlement 7/18/96
<CAPTION>
                                                      Type of                     Original
                                                     Mortgaged                      LTV
                                                     Property                      Ratio
                                                         |                           |
                                              Principal  |  Scheduled   Cut-off Date |     Next    Current   Property
                                             Balance at  |   Payment     Principal   |  Adjustment Mortgage  Value at     Owner
Sale ID  Account       Name                 Origination  |  Int & Prin    Balance    |     Date      Rate   Origination  Occupied
- ---------------------------------------------------------------------------------------------------------------------------------
<S>    <C>          <C>                    <C>         <C> <C>        <C>         <C>   <C>       <C>      <C>            <C>
SB535  10216078236  BLAKE JEFFREY            145,708.00  SF  1,311.99   144,565.43  78.3  10/01/96  10.125   186,000.00    Y
SB535  10216091631  WHITE JEFFERY LEE        116,325.00  SF  1,053.21   116,181.32  84.9  09/01/96  10.375   136,861.00    Y
SB535  10216111983  NORMAN WILLIE J           92,000.00  SF    699.27    92,000.00  72.4  01/01/97   8.375   127,000.00    Y
SB535  10216112186  MERRILL BARBARA DEE       98,000.00  SF    869.09    97,957.79  83.7  11/01/96  10.125   117,000.00    Y
SB535  10216112393  LUDWIG WILLIAM R         102,500.00  SF  1,064.20   102,500.00  78.8  01/01/97  12.125   130,000.00    Y
SB535  10216112631  RICE GERALD E             96,050.00  SF    747.07    95,936.17  85.0  11/01/96   8.625   113,000.00    Y
SB535  10216112848  CHRISTENSEN THOMAS L      50,000.00  SF    485.63    50,000.00  45.4  01/01/97  11.250   110,000.00    Y
SB535  10216113128  HOWARD JIMMIE D           93,200.00  SF    878.77    93,200.00  80.0  01/01/97  10.875   116,500.00    Y
SB535  10216113532  ROBERSON DORIS            79,200.00  SF    746.77    79,170.98  80.0  12/01/96  10.875    99,000.00    Y
SB535  10216114551  RAPP ROBERT W            248,000.00  SF  1,841.39   247,837.78  80.0  12/01/96   8.125   310,000.00    Y
SB535  10216114608  BROWN JAMES C            259,250.00  SF  2,085.98   259,108.38  85.0  12/01/96   9.000   305,000.00    Y
SB535  10216114878  DWORKIN JAN ROBIN         99,400.00  CD    720.72    99,331.59  70.0  12/01/96   7.875   142,000.00    Y
SB535  10216115167  STARKS JEROME A          168,000.00  SF  1,351.77   168,000.00  79.6  01/01/97   9.000   211,000.00    Y
SB535  10216115255  BONHAM RICHARD H         108,000.00  SF  1,018.32   108,000.00  80.0  01/01/97  10.875   135,000.00    Y
SB535  10216115331  PAULSON JONATHAN V       106,207.00  SF    951.72   106,207.00  84.9  01/01/97  10.250   124,950.00    Y
SB535  10216115504  JOHNSON DEBORA L          73,000.00  SF    593.95    73,000.00  84.8  01/01/97   9.125    86,000.00    Y
SB535  10216115704  SOREN RICHARD V SR       103,200.00  SF    896.14   103,153.11  80.0  12/01/96   9.875   129,000.00    Y
SB535  10216115711  VENTOLA FRANCIS E        140,000.00  SF  1,113.90   140,000.00  75.8  01/01/97   8.875   184,500.00    Y
SB535  10216115854  ARTHAREE BARUTI L        216,750.00  SF  1,922.19   216,750.00  81.7  01/01/97  10.125   265,000.00    Y
SB535  10216116092  ALEXANDROWICZ MICHAEL    136,000.00  SF  1,206.08   136,000.00  85.0  01/01/97  10.125   160,000.00    Y
SB535  10216116300  ADAMS MICHAEL P          137,700.00  SF  1,071.02   137,700.00  90.0  01/01/97   8.625   153,000.00    Y
SB535  10216117247  WALKER DANIEL B           88,000.00  SF    764.15    87,960.02  80.0  12/01/96   9.875   110,000.00    Y
SB535  10216117778  CARMONA GUILLERMINA       60,800.00  SF    596.31    60,800.00  80.0  01/01/97  11.375    76,000.00    Y
SB535  10216117818  ROZYCKI CHARLES R         50,000.00  SF    434.17    50,000.00  30.6  01/01/97   9.875   163,000.00    Y
SB535  10216117834  LEHMANN WALTRAUD          55,000.00  SF    462.47    55,000.00  51.4  01/01/97   9.500   107,000.00    Y
SB535  10216117866  KOTKOWSKI KEVIN J         85,000.00  SF    631.12    85,000.00  85.0  01/01/97   8.125   100,000.00    Y
SB535  10216118128  SIMONS CHERIE             80,750.00  SF    723.60    80,750.00  68.4  01/01/97  10.250   118,000.00    Y
SB535  10216118401  HELLEY DALE               92,700.00  SF    839.31    92,662.16  90.0  12/01/96  10.375   103,000.00    Y
SB535  10216118410  SHRYBMAN JAMES A         340,000.00  SF  3,141.93   340,000.00  85.0  01/01/97  10.625   400,000.00    Y
SB535  10216119005  STUMHOFER NANCY S        110,500.00  SF    959.53   110,500.00  85.0  01/01/97   9.875   130,000.00    Y
SB535  10216119027  CRAIG PHIL               176,000.00  SF  1,642.93   176,000.00  80.0  01/01/97  10.750   220,000.00    Y
SB535  10216119033  COMBA ROBERT P            87,000.00  SF    723.62    87,000.00  75.0  01/01/97   9.375   116,000.00    Y
SB535  10216119100  MARTINEZ PAUL M           64,000.00  SF    497.79    64,000.00  75.2  01/01/97   8.625    85,000.00    Y
SB535  10216119116  WOOLLEY PATRICIA D       141,865.00  SF  1,154.26   141,865.00  85.0  01/01/97   9.125   166,900.00    Y
SB535  10216119257  ADAMS BARBARA ANN        136,000.00  SF  1,218.70   136,000.00  85.0  01/01/97  10.250   160,000.00    Y
SB535  10216119295  GILLIAM CHRISTOPHER L     69,200.00  SF    588.19    69,099.75  64.9  12/01/96   9.625   106,500.00    Y
SB535  10216119438  MILLER CHRISTOPHER L     103,500.00  SF    879.74   103,500.00  90.0  01/01/97   9.625   115,000.00    Y
SB535  10216119502  GAY WILLIAM A            208,700.00  SF  1,928.59   208,700.00  79.9  01/01/97  10.625   260,888.00    Y
SB535  10216119872  CORREA ELIZABETH         107,200.00  SF    921.01   107,200.00  74.9  01/01/97   9.750   143,000.00    Y
SB535  10216119973  BUCHANAN ALYSA M          72,000.00  SF    497.29    72,000.00  80.0  01/01/97   7.375    90,000.00    Y
SB535  10216120259  MARFISE MARK W            57,000.00  SF    559.04    57,000.00  60.0  01/01/97  11.375    95,000.00    Y
SB535  10216120575  ROSBOROUGH GEORGIA A      68,000.00  SF    603.04    68,000.00  85.0  01/01/97  10.125    80,000.00    Y
SB535  10216120839  WARDREP KEVIN M           62,600.00  SF    537.83    62,600.00  74.5  01/01/97   9.750    84,000.00    Y
SB535  10216121058  ROBLEY NANCY             100,300.00  SF    908.12   100,300.00  85.0  01/01/97  10.375   118,000.00    Y
SB535  10216121812  KAPETANSKY DAVE          357,400.00  SF  2,972.67   357,400.00  79.0  01/01/97   9.375   452,000.00    Y
SB535  10216122084  SACRE TIMOTHY VAN         68,775.00  SF    547.20    68,775.00  75.0  01/01/97   8.875    91,700.00    Y
       ------------------------------------------------     ----------------------------          ---------------------
            46      Sale Total             5,510,780.00     47,361.79 5,508,711.48  79.8             9.737 7,031,799.00
</TABLE>

<PAGE>
<TABLE>
                                                                                                                    Page 2   7/18/96
Alliance Funding Company                                                   Sale Schedule B
A division of Superior Bank FSB        1996-2 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages - Settlement 7/18/96
<CAPTION>
                                                        Type of                     Original
                                                       Mortgaged                      LTV
                                                       Property                      Ratio
                                                           |                           |
                                                Principal  |  Scheduled   Cut-off Date |     Next    Current   Property
                                               Balance at  |   Payment     Principal   |  Adjustment Mortgage  Value at     Owner
Sale ID  Account       Name                   Origination  |  Int & Prin    Balance    |     Date      Rate   Origination  Occupied
- -----------------------------------------------------------+---------------------------+-------------------------------------------
<S>    <C>          <C>                      <C>         <C> <C>        <C>         <C>   <C>       <C>     <C>              <C>
SB536  10216106300  NEVILLE ROBERT F JR        213,300.00  MF  1,832.58   213,100.15  90.0  11/01/96   9.750   237,000.00     Y
SB536  10216108363  HAZY VILMUS                128,000.00  SF    984.21   127,922.46  79.0  12/01/96   8.500   162,000.00     Y
SB536  10216110421  PEPE ALLAN W                54,400.00  SF    447.54    54,400.00  80.0  01/01/97   9.250    68,000.00     Y
SB536  10216111411  CLIFF PATRICIA S           127,500.00  SF  1,107.14   127,500.00  85.0  01/01/97   9.875   150,000.00     Y
SB536  10216112371  BALANCA ETEM               119,750.00  SF  1,243.30   119,750.00  77.7  12/01/96  12.125   154,000.00     Y
SB536  10216114252  CANAS LUIS                 188,800.00  SF  1,502.18   188,800.00  80.0  01/01/97   8.875   236,000.00     Y
SB536  10216114743  COCHRAN STEVEN G           196,800.00  SF  1,892.78   196,800.00  80.0  01/01/97  11.125   246,000.00     Y
SB536  10216115900  BRITTON ROBERT T            84,000.00  SF    698.67    84,000.00  70.0  12/01/96   9.375   120,000.00     Y
SB536  10216115948  RYAN RONALD                160,000.00  MF  1,258.72   160,000.00  80.0  01/01/97   8.750   200,000.00     Y
SB536  10216116041  FOCARETO MICHAEL A         104,750.00  SF    928.95   104,704.88  83.8  12/01/96  10.125   125,000.00     Y
SB536  10216116114  GERMINSKY ROBERT A         150,000.00  SF  1,274.98   150,000.00  71.7  01/01/97   9.625   209,030.00     Y
SB536  10216116150  JONES ROBIN RENEE           84,575.00  SF    750.03    84,575.00  85.0  01/01/97  10.125    99,500.00     Y
SB536  10216117216  GRIFFIN EILEEN P           228,600.00  SF  1,818.84   228,600.00  90.0  01/01/97   8.875   254,000.00     Y
SB536  10216117898  KENNEDY STEPHEN             52,500.00  SF    427.16    52,500.00  75.0  01/01/97   9.125    70,000.00     Y
SB536  10216118141  HAYNES VENISTENE REID      191,250.00  SF  1,320.92   191,250.00  85.0  01/01/97   7.375   225,000.00     Y
SB536  10216118348  ANDERSON KATIE ELIZABETH   141,300.00  SF  1,149.66   141,300.00  90.0  01/01/97   9.125   157,000.00     Y
SB536  10216118477  WINTERS DANIEL J           233,750.00  SF  2,116.39   233,750.00  79.2  01/01/97  10.375   295,000.00     Y
SB536  10216118499  WINTERS JOHN LOUIS         125,600.00  SF  1,172.45   125,600.00  80.0  01/01/97  10.750   157,000.00     Y
SB536  10216118529  COURT HAZEL A               85,000.00  SF    738.10    84,959.48  52.7  12/01/96   9.875   161,000.00     Y
SB536  10216118553  J JAMES LAWRENCE MARSHALL  109,000.00  SF    867.25   109,000.00  68.1  01/01/97   8.875   160,000.00     Y
SB536  10216118572  FAIL IVAN J                104,000.00  SF    818.17   104,000.00  80.0  01/01/97   8.750   130,000.00     Y
SB536  10216118637  CHISHOLM DEBORAH C         123,000.00  SF  1,229.80   123,000.00  68.3  01/01/97  11.625   180,000.00     Y
SB536  10216118700  KIM THOMAS S               127,950.00  SF  1,194.39   127,950.00  76.1  01/01/97  10.750   168,000.00     Y
SB536  10216119018  YASSINE AHMAD A             42,500.00  SF    315.56    42,500.00  85.0  01/01/97   8.125    50,000.00     Y
SB536  10216119063  HANSON ALICE A              86,250.00  SF    733.12    86,250.00  75.0  01/01/97   9.625   115,000.00     Y
SB536  10216119093  MONCRIEF RICHARD J          66,400.00  SF    644.92    66,400.00  80.0  01/01/97  11.250    83,000.00     Y
SB536  10216119145  LUGRIS ANDRES              318,000.00  SF  2,761.35   318,000.00  80.0  01/01/97   9.875   397,500.00     Y
SB536  10216119243  STYKA FRED S               134,000.00  SF  1,213.25   134,000.00  83.8  01/01/97  10.375   159,800.00     Y
SB536  10216119261  THOMPSON JOSEPH B          100,000.00  SF    804.62   100,000.00  67.5  01/01/97   9.000   148,000.00     Y
SB536  10216119274  SIMENDINGER ROBERT A       146,000.00  SF  1,254.37   146,000.00  67.9  01/01/97   9.750   215,000.00     Y
SB536  10216119662  GHOSSAINI ZIAD             177,500.00  SF  1,476.36   177,500.00  89.8  01/01/97   9.375   197,500.00     Y
SB536  10216119936  KNIOLA ROBERT               46,900.00  SF    373.16    46,900.00  70.0  01/01/97   8.875    67,000.00     N
SB536  10216119959  SCHUSTER ERNST P           120,000.00  SF  1,030.99   120,000.00  75.0  01/01/97   9.750   160,000.00     Y
SB536  10216119965  OUK THOM                   157,250.00  SF  1,409.12   157,250.00  85.0  01/01/97  10.250   185,000.00     Y
SB536  10216120117  MAY DAVID                   99,000.00  SF    770.01    99,000.00  90.0  01/01/97   8.625   110,000.00     Y
SB536  10216120222  ROGALA DAVID M             131,600.00  SF  1,047.07   131,600.00  80.0  01/01/97   8.875   164,500.00     Y
SB536  10216120292  MILLIKAN TERRY D            54,900.00  SF    427.01    54,900.00  90.0  01/01/97   8.625    61,000.00     Y
SB536  10216120398  KIM DO YOUNG               221,000.00  SF  2,021.57   221,000.00  84.6  01/01/97  10.500   261,000.00     Y
SB536  10216120400  AL-ANOON EMAD               35,100.00  SF    295.14    35,100.00  90.0  01/01/97   9.500    39,000.00     Y
SB536  10216120812  CHESHIRE DAVID S           101,200.00  SF    869.46   101,200.00  74.9  01/01/97   9.750   135,000.00     Y
SB536  10216120883  BAZZI LAWRENCE              77,000.00  SF    578.48    77,000.00  82.7  01/01/97   8.250    93,000.00     Y
SB536  10216121094  HARRIS TRACY E             180,200.00  SF  1,564.76   180,200.00  85.0  01/01/97   9.875   212,000.00     Y
SB536  10216121317  AWADA ABDALLAH              81,000.00  SF    681.09    81,000.00  90.0  01/01/97   9.500    90,000.00     Y
SB536  10216121414  WILLIAMS BARBARA A         141,700.00  SF  1,256.63   141,700.00  85.8  01/01/97  10.125   165,000.00     Y
       ------------------------------------       |          ----------      |       -----            ------       |
           44      Sale Total                     |           48,302.25      |        80.6             9.678       |
           90      Total with Superior Bank       |           95,664.04      |        80.2             9.707       |
           90      Grand Total                    |           95,664.04      |        80.2             9.707       |
                                            ------+------              ------+------                        -------+-----
                                             5,651,325.00               5,650,961.97                         7,071,830.00
                                            11,162,105.00              11,159,673.45                        14,103,629.00
                                            11,162,105.00              11,159,673.45                        14,103,629.00
</TABLE>


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