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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) January 28, 1997
SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of December 1, 1996, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1996-4)
Superior Bank FSB
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(Exact name of registrant as specified in its charter)
United States 333-4492 36-1414142
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
One Lincoln Centre
Oakbrook Terrace, Illinois 60181
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (708) 916-4000
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<PAGE>
-2-
Item 2. Acquisition or Disposition of Assets
Description of the Certificates, Sub-Pool 1 and Sub-Pool 2
On December 19, 1996, a single series of certificates, entitled AFC
Mortgage Loan Asset Backed Certificates, Series 1996-4 (the "Certificates") were
issued pursuant to a pooling and servicing agreement (the "Agreement"), dated as
of December 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 January 10, 1997, 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 $20,410,321.79 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, and $19,793,933.45
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 January 10,
1997, between the Depositor and the Trustee.
On January 22, 1997, 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 $17,111,761.94 with respect to Sub-Pool 2
with funds on deposit in the Sub-Pool 2 Pre-Funding Account, 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 January 22, 1997, between the
Depositor and the Trustee.
On January 28, 1997, 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 $20,513,720.65 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, 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 January 28, 1997, between the
Depositor and the Trustee (the "January 28 Instrument"). Attached to the January
28 Instrument is the Mortgage Loan Schedule with respect to Sub-Pool 1 listing
the related Subsequent Mortgage Loans that are the subject of such January 28
Instrument.
On February 5, 1997, 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 $3,955,699.82 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, established
pursuant to the Agreement at a purchase price equal to the principal balance
thereof,
<PAGE>
-3-
which Subsequent Mortgage Loans were conveyed to the Trustee pursuant to a
Subsequent Transfer Instrument, dated February 5, 1997, between the Depositor
and the Trustee (the "February 5 Instrument"). Attached to the February 5
Instrument is the Mortgage Loan Schedule with respect to Sub-Pool 1 listing the
related Subsequent Mortgage Loans that are the subject of such February 5
Instrument.
On February 7, 1997, 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 $203,790.76 with respect to Sub-Pool 1 with
funds on deposit in the Sub-Pool 1 Pre-Funding Account, 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 February 7, 1997, between the Depositor and the
Trustee (the "February 7 Instrument"). Attached to the February 7 Instrument is
the Mortgage Loan Schedule with respect to Sub-Pool 1 listing the related
Subsequent Mortgage Loans that are the subject of such February 7 Instrument.
Items 3 through 6 and Item 8 are not included because they are not
applicable.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
4.3 Subsequent Transfer Instrument, dated January 28, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.
4.4 Subsequent Transfer Instrument, dated February 5, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.
4.5 Subsequent Transfer Instrument, dated February 7, 1997, 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: January 28, 1997
<PAGE>
EXHIBITS TABLE
4.3 Subsequent Transfer Instrument, dated January 28, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.
4.4 Subsequent Transfer Instrument, dated February 5, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.
4.5 Subsequent Transfer Instrument, dated February 7, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.
SUBSEQUENT TRANSFER INSTRUMENT NUMBER THREE
Pursuant to this Subsequent Transfer Instrument (the "Instrument"),
dated January 28, 1997, between Superior Bank FSB, as seller (the "Depositor"),
and LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of December 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
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").
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 Loans, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage
Loans after the related Subsequent Cut-Off Date, and all items with respect to
the Subsequent Mortgage Loans 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
Loans 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 Loans 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 Loans, 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 Loans 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 Bracken
-------------------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1996-4
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 1996-4
ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
NUMBER THREE FOR SUB-POOL 1
Series 1996-4
January 28, 1997
A.
1. Subsequent Cut-off Date: January 27, 1997
2. Pricing Date:
3. Subsequent Transfer Date: January 28, 1997
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $20,513,720.65
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: 8.99%
4. Greatest Combined Loan-to-Value Ratio: 90.00%
5. Largest Principal Balance $700,000.00
[As to the final transfer of Subsequent Mortgage Loans:]
6. Weighted Average Term since Origination: ____ months
7. January 1997 first payment date: ____
8. WAC of all Mortgage Loans: ________%
9. WAM of all Mortgage Loans: ______ months
10. Maximum Weighted average CLTV: _____%
11. Balloon Loans: _____%
12. Largest Principal Balance: $__________
13. Non-owner occupied Mortgaged Properties: ____%
14. Maximum zip code concentration: ____%
15. Condominiums: ____%
16. Single-family: _____%
17. Multifamily and Mixed Use Properties: ____%
4
<PAGE>
ADDITION NOTICE
Date: Janaury 28, 1997
LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603
Re: Pooling and Servicing Agreement, dated as of December 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 1996-4
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 Loans to be sold
to the Trust Fund on January 28, 1997, with an aggregate principal balance of
$20,000,000.00*. 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 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: January 28, 1997
<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 December 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: January 28, 1997 By:/s/ William Bracken
-----------------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
<PAGE>
Alliance Funding Company Page 1 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
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<S> <C> <C> <C> <C> <C> <C>
SB49 10266127766 SMITH GARY L 10385 NORTH STATE ROAD 9 FOUNTAINTOWN IN 46130
SB49 10266130252 PIPPETT THOMAS C 1434 SOUTH IDAHO ROAD APACHE JUNCTION AZ 85220
SB49 10266130805 READ ALLEN L 3527 EAST UNITAH COLORADO SPRINGS CO 80909
SB49 10266132217 HASOU SHAFIQ Y 3133 EAST CHOLLA STREET PHOENIX AZ 85028
SB49 10266132300 SALAZAR CONSUELO 4529 N 69TH AVENUE PHOENIX AZ 85033
SB49 10266133147 CALELLO MARIA 3231 MATCHLOCK DRIVE HOLIDAY FL 34690
SB49 10266134136 PALEOTHODOROS JOHN 22485 ASTER AVENUE PORT CHARLOTTE FL 33980
SB49 10266134575 WAHLSTER JOEL L 760 MENLO DRIVE NORTH KEIZER OR 97303
SB49 10266134730 TURNER MICHAEL L 6742 WEST CREST LANE GLENDALE AZ 85310
SB49 10266134996 VIGIL HENRY A 782 EAST 2910 SOUTH VERNAL UT 84078
SB49 10266135099 LABRADOR DOMINGO 4509 RAVINNIA STREET ORLANDO FL 32809
SB49 10266135137 ARMBRUSTER JOSEPH T 499 WILD MINT LANE ALLENTOWN PA 18104
SB49 10266135703 KEITH JONATHON G 61504 WEST RIDGE AVENUE BEND OR 97702
SB49 10266135725 RICHARDS SIMON P 5602 LANTANA CIRCLE COLORADO SPRINGS CO 80915
SB49 10266135859 TAYLOR LEEVESTER W 2685 YORKTOWN ROAD CHAMBERSBURG PA 17201
SB49 10266136004 HARTZHEIM THOMAS J 400 WEST CANNON STREET LAFAYETTE CO 80026
SB49 10266136026 BEGUHN KEITH J 27806 BRETTON WOODS MADISON HEIGHTS MI 48071
SB49 10266136095 PETERS JACK W 768 NANTUCKET AVENUE EUGENE OR 97404
SB49 10266136097 WHITLOW SUSAN M 3783 E CAPTAIN DREYFUS AVENUE PHOENIX AZ 85032
SB49 10266136253 MURRAY WILLIAM A 4943 OCEAN AVENUE EVERETT WA 98203
SB49 10266136254 LYLE DAVID K 46 E (NOB HILL) 300 N MOAB UT 84532
SB49 10266136487 OCHS RONALD C 13113 N K6 RANCH ROAD TUCSON AZ 85742
SB49 10266136675 AUXIER BOBBY 3024 SE OLSEN STREET MILWAUKIE OR 97222
SB49 10266136717 DALLY LEO C JR 17715 BROOK BOULEVARD BOTHELL WA 98012
SB49 10266136823 THOMULKA WALTER G 4701 WOODLAND AVE DREXEL HILL PA 19026
SB49 10266136929 BENNETT ROCKY V 706 DIAMOND DRIVE KIMBERLY ID 83341
SB49 10266136932 MORTON JEFFREY J 529 EAST 720 SOUTH SPANISH FORK UT 84660
SB49 10266136950 DOHERTY TIMOTHY J 140 EL CENTRO DIABLO CA 94528
SB49 10266137111 NETTLETON RUSSELL D 7317 197TH STREET E SPANAWAY WA 98387
SB49 10266137112 WATTERS JOE 9219 EAST WINDROSE DRIVE SCOTTSDALE AZ 85260
SB49 10266137162 ZELLE DOROTHY SUE 505 OLD GRASS VALLEY ROAD COLFAX CA 95713
SB49 10266137168 BAXTER KENNETH R 1107 WEST GREASEWOOD DRIVE RIVERTON UT 84065
SB49 10266137215 HACKWORTH CHARLES D 1046 EAST HENRY STREET WOOSTER OH 44691
SB49 10266137217 NESBITT GARY L 433 DORWIL DRIVE AKRON OH 44319
SB49 10266137395 MCINTOSH SUSAN K 14315 130TH PLACE NE KIRKLAND WA 98034
SB49 10266137398 SHELL GRACE 501 NORTH 1025 WEST OREM UT 84057
SB49 10266137441 HILL SHIRLEY 330 S. 5TH ST. NEW CASTLE IN 47362
SB49 10266137489 OWCZARZAK ROBERT J 5740 MANN STREET LAS VEGAS NV 89118
SB49 10266137570 VOLK ROBYN ANNE 132 EAST 735 SOUTH #20 CENTERVILLE UT 84014
SB49 10266137592 BLEVINS RONALD J 2108 MUNICIPAL STREET FARMINGTON NM 87401
SB49 10266137593 ENGELS MICHAEL J 331 E WISER LAKE ROAD LYNDEN WA 98264
SB49 10266137640 JEFFERSON EDWARD B 761 W. 25TH ST. INDIANAPOLIS IN 46208
SB49 10266137691 ROMERO RICHARD R 3303 WEST ANTELOPE POINT PLAC TUCSON AZ 85745
SB49 10266137728 MUNSEY LORIE A 6331 SOUTH APRIL MEADOWS DRIV WEST JORDAN UT 84084
SB49 10266137742 NIDO ROMEO L 101 JASON COURT VALLEJO CA 94591
SB49 10266137760 MASTROGIACO CHRISTOPHER M 21731 7TH PLACE WEST BOTHELL WA 98021
SB49 10266137766 LEANO NARCISCO C 20722 N 62ND DRIVE GLENDALE AZ 85038
SB49 10266137777 KIAN MARIA C 3847 DOTTY STREET CARMICHAEL CA 95608
SB49 10266137793 JASKIEWICZ TAMARA J 2804 WAKE ISLAND DRIVE JOLIET IL 60435
SB49 10266137810 ANDERSON LAWRENCE E 4300 BECK ROAD ASHTABULA OH 44004
SB49 10266137838 NAUERT GREGORY A 6859 EAST COUNTY ROAD 100 S PLAINFIELD IN 46168
SB49 10266137860 FEIGLES SUZANNE M 10369 MARYSVILLE ROAD DOBBINS CA 95935
SB49 10266137939 LUXFORD FRED T 3232 KEVIN COURT PLEASANTON CA 94588
SB49 10266137955 KENNEY SCOTT J 7762 SOUTH FORESTBEND DRIVE SALT LAKE CITY UT 84121
SB49 10266137960 DYKMAN MARK D 4350 N VIA NORIEGA TUCSON AZ 85749
SB49 10266137972 BLOOM RAYMOND VINCENT 2851 SOUTH 3095 WEST WEST VALLEY CITY UT 84119
SB49 10266137989 SPRAMEL WANDA JEAN HUGHES 7504 BUIST AVENUE PHILADELPHIA PA 19153
SB49 10266138029 KATICH JAMES W 7328 EAST MEDINA AVENUE MESA AZ 85208
SB49 10266138053 MCINNES CHARLES IRVING 4813 SANDRA LANE NE BREMERTON WA 98311
SB49 10266138063 DORLIAC ERIC J 2888 FRESNO STREET SANTA CLARA CA 95051
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SB49 10266127766 105,000.00 105,000.00 01/12/97 12/12/26 358.49 01/12/97 73.4 12.100 1,088.13
SB49 10266130252 32,015.00 31,973.40 12/07/96 11/07/11 177.34 02/07/97 71.9 13.300 411.41
SB49 10266130805 20,000.00 20,000.00 12/13/96 11/13/11 177.53 01/13/97 79.3 10.300 218.61
SB49 10266132217 29,806.00 29,772.60 12/01/96 11/01/11 177.14 02/01/97 90.0 12.350 364.46
SB49 10266132300 14,450.00 14,450.00 01/06/97 12/06/11 178.29 02/06/97 84.9 12.350 176.69
SB49 10266133147 35,000.00 35,000.00 11/28/96 10/28/26 357.01 01/28/97 64.8 12.490 373.27
SB49 10266134136 60,000.00 60,000.00 01/11/97 12/11/11 178.45 01/11/97 80.0 10.700 557.83
SB49 10266134575 38,000.00 38,000.00 02/01/97 01/01/17 239.15 02/01/97 74.9 12.500 431.73
SB49 10266134730 27,000.00 26,993.53 12/13/96 11/13/11 177.53 02/13/97 90.0 12.750 337.19
SB49 10266134996 13,900.00 13,900.00 01/13/97 12/13/11 178.52 02/13/97 79.9 15.350 197.89
SB49 10266135099 59,500.00 59,467.99 01/26/97 12/26/16 238.95 02/26/97 70.0 11.750 644.81
SB49 10266135137 118,800.00 118,670.88 01/26/97 12/26/11 178.95 02/26/97 89.9 10.855 1,118.36
SB49 10266135703 68,000.00 68,000.00 12/27/96 11/27/11 177.99 01/27/97 84.7 12.800 741.60
SB49 10266135725 30,785.00 30,785.00 12/06/96 11/06/11 177.30 01/06/97 84.7 13.700 403.79
SB49 10266135859 52,900.00 52,900.00 02/01/97 01/01/12 179.15 02/01/97 85.2 12.150 640.00
SB49 10266136004 16,150.00 16,150.00 02/01/97 01/01/12 179.15 02/01/97 69.7 11.500 188.66
SB49 10266136026 59,500.00 59,262.96 12/22/96 11/22/16 237.83 03/22/97 85.0 10.000 574.19
SB49 10266136095 24,000.00 24,000.00 01/16/97 12/16/11 178.62 01/16/97 84.4 12.750 299.72
SB49 10266136097 16,500.00 16,453.79 01/09/97 12/09/16 238.39 02/09/97 68.8 11.500 175.96
SB49 10266136253 50,000.00 49,907.16 01/02/97 12/02/11 178.16 02/02/97 87.7 11.950 512.38
SB49 10266136254 42,000.00 42,000.00 01/01/97 12/01/26 358.13 02/01/97 44.2 10.750 392.07
SB49 10266136487 20,000.00 20,000.00 02/01/97 01/01/12 179.15 02/01/97 78.9 11.100 228.58
SB49 10266136675 42,054.00 42,054.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.950 503.37
SB49 10266136717 30,000.00 29,967.30 01/16/97 12/16/11 178.62 02/16/97 86.2 11.350 293.66
SB49 10266136823 35,179.00 35,068.07 12/27/96 11/27/11 177.99 01/27/97 90.0 11.750 416.57
SB49 10266136929 18,137.00 18,137.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.950 217.09
SB49 10266136932 39,250.00 38,917.01 01/01/97 12/01/11 178.13 03/01/97 83.0 14.250 472.84
SB49 10266136950 168,000.00 168,000.00 01/01/97 12/01/11 178.13 01/01/97 84.9 13.700 1,950.76
SB49 10266137111 49,200.00 49,200.00 02/01/97 01/01/12 179.15 02/01/97 84.8 12.350 519.37
SB49 10266137112 49,890.00 49,890.00 01/06/97 12/06/11 178.29 02/06/97 89.3 11.950 597.16
SB49 10266137162 30,000.00 30,000.00 02/01/97 01/01/12 179.15 02/01/97 73.5 12.050 309.74
SB49 10266137168 42,000.00 41,692.36 01/01/97 12/01/11 178.13 03/01/97 87.7 12.750 456.41
SB49 10266137215 61,200.00 61,046.84 12/26/96 11/26/11 177.96 01/26/97 85.0 9.600 642.76
SB49 10266137217 125,000.00 124,760.54 12/22/96 11/22/11 177.83 01/22/97 69.8 11.500 1,460.24
SB49 10266137395 37,563.00 37,563.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.950 449.61
SB49 10266137398 15,000.00 15,000.00 01/20/97 12/20/16 238.75 01/20/97 15.0 13.850 184.90
SB49 10266137441 45,600.00 45,600.00 01/18/97 12/18/26 358.68 01/18/97 80.0 10.850 429.10
SB49 10266137489 75,673.00 75,673.00 02/01/97 01/01/12 179.15 02/01/97 84.9 12.350 798.83
SB49 10266137570 14,779.00 14,738.91 12/04/96 11/04/11 177.24 02/04/97 89.9 12.750 184.57
SB49 10266137592 88,000.00 88,000.00 02/01/97 01/01/27 359.15 02/01/97 80.0 10.450 801.68
SB49 10266137593 100,000.00 100,000.00 02/01/97 01/01/12 179.15 02/01/97 68.6 11.250 1,152.34
SB49 10266137640 40,500.00 40,500.00 12/25/96 11/25/26 357.93 01/25/97 90.0 11.450 399.52
SB49 10266137691 114,800.00 114,800.00 12/04/96 11/04/11 177.24 01/04/97 70.0 10.650 1,063.02
SB49 10266137728 23,377.00 23,377.00 02/01/97 01/01/12 179.15 02/01/97 79.9 13.990 276.80
SB49 10266137742 66,500.00 66,500.00 01/10/97 12/10/11 178.42 02/10/97 84.8 12.800 725.24
SB49 10266137760 19,500.00 19,500.00 02/01/97 01/01/12 179.15 02/01/97 88.7 11.350 225.94
SB49 10266137766 17,561.00 17,561.00 02/01/97 01/01/12 179.15 02/01/97 89.8 11.950 210.20
SB49 10266137777 52,759.00 52,759.00 02/01/97 01/01/12 179.15 02/01/97 84.8 12.750 658.87
SB49 10266137793 19,700.00 19,700.00 01/02/97 12/02/16 238.16 01/02/97 89.2 11.750 213.49
SB49 10266137810 65,400.00 65,250.51 01/13/97 12/13/16 238.52 02/13/97 69.9 9.600 613.89
SB49 10266137838 95,300.00 94,883.24 12/25/96 11/25/11 177.93 02/25/97 86.6 11.750 1,128.48
SB49 10266137860 64,000.00 64,000.00 02/01/97 01/01/12 179.15 02/01/97 50.7 11.550 636.23
SB49 10266137939 55,500.00 55,500.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.975 569.81
SB49 10266137955 82,000.00 82,000.00 01/01/97 12/01/11 178.13 01/01/97 80.0 14.300 991.10
SB49 10266137960 79,900.00 79,900.00 02/01/97 01/01/12 179.15 02/01/97 78.2 12.500 984.79
SB49 10266137972 22,375.00 22,375.00 02/01/97 01/01/12 179.15 02/01/97 79.9 13.500 256.29
SB49 10266137989 40,500.00 40,500.00 01/02/97 12/02/11 178.16 01/02/97 90.0 11.100 388.75
SB49 10266138029 127,800.00 127,800.00 02/01/97 01/01/27 359.15 02/01/97 90.0 10.850 1,202.61
SB49 10266138053 15,500.00 15,440.66 02/01/97 01/01/12 179.15 03/01/97 84.6 12.750 193.57
SB49 10266138063 202,500.00 202,500.00 02/01/97 01/01/27 359.15 02/01/97 90.0 10.850 1,905.54
</TABLE>
<PAGE>
Alliance Funding Company Page 2 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SB49 10266138124 DOERNBERG JAY J 4515 LA CRESTA DRIVE COLORADO SPRINGS CO 80918
SB49 10266138156 AUSTIN KATTIE 806 NORTH KEYSTONE RIVER FOREST IL 60305
SB49 10266138159 BECKER RONALD A 389 NORTH CATALPA AVENUE WOOD DALE IL 60191
SB49 10266138209 RICHARDSON TIMOTHY G 1655 NORTH COUNTY ROAD O.E.W. FRANKFORT IN 46041
SB49 10266138221 CUTTEN LEWYN FRANK 236 E WINEGAR AVENUE MONMOUTH OR 97361
SB49 10266138225 CUNNINGHAM CHARLES W 350 LAWTON STREET SAN FRANCISCO CA 94122
SB49 10266138279 BLACKBURN GARY L 804 SAMOAN DRIVE GRAND JUNCTION CO 81506
SB49 10266138291 PAGEL STEVEN B 7928 N PINE MEADOWS ROAD NINE MILE FALLS WA 99026
SB49 10266138293 PEER JACK S 919 NORTH 81ST STREET SEATTLE WA 98103
SB49 10266138326 ROMO TRANQUILINO G III 7747 BILLINGS WAY SACRAMENTO CA 95832
SB49 10266138364 VILLOSO SIMON P 8600 CHIQUITA DRIVE LAS VEGAS NV 89128
SB49 10266138414 MANCUSO ROBERT P 1210 CHURCH STREET EVANSTON IL 60201
SB49 10266138441 HAYWOOD JOSEPHINE 1731 3RD STREET S.E. CANTON OH 44707
SB49 10266138443 JACKEY JOHN 50725 REGENCY PARK GRANGER IN 46530
SB49 10266138451 REED MARCELLUS 1919 CHAPEL HILLS DRIVE COLORADO SPRINGS CO 80920
SB49 10266138453 VENEGAS AMANCIO 30639 NORTH 48TH STREET CAVE CREEK AZ 85331
SB49 10266138498 LOCKHART KAREN MARIA 1326 E SEAGULL DRIVE GILBERT AZ 85234
SB49 10266138502 MULLER EVARISTO 4609 DRIFTWOOD AVENUE NW ALBUQUERQUE NM 87120
SB49 10266138541 MATZ JOHN H 5358 WARWICK CHICAGO IL 60641
SB49 10266138569 GRIFFIN ROBERT L 3567 WEST PERRY INDIANAPOLIS IN 46221
SB49 10266138582 CURTIS SHAUNTELLE 1045 NORTH STATE SIGURD UT 84657
SB49 10266138588 PALISI JAMES D 4067 HALKINS DRIVE SAN JOSE CA 95124
SB49 10266138589 ESLICK KENNETH JOHN 18738 WILDFLOWER DRIVE PENN VALLEY CA 95946
SB49 10266138601 SHIMIZU DEAN M 10381 DEL RICO YUMA AZ 85367
SB49 10266138685 HATCH TROY L 425 SANDY LANE SALINA UT 84654
SB49 10266138732 LITCHFIELD GARY L 2433 E BALTIMORE STREET MESA AZ 85213
SB49 10266138734 SEGHETTI TONY A 20436 SAGEWOOD LANE PARKER CO 80134
SB49 10266138763 TORRES EDGARDO 2122 NORTH MOBILE CHICAGO IL 60639
SB49 10266138835 KIM IN SU 10519 93RD ST CT SW TACOMA WA 98498
SB49 10266138843 REDMON ROBERT E 10017 SOUTH PARNELL AVENUE CHICAGO IL 60628
SB49 10266138875 ECONOMOU FOTIOS G 9397 QUAIL CANYON ROAD EL CAJON CA 92021
SB49 10266138885 ABBAS JAY J 3717 WEST ACAPULCO LANE PHOENIX AZ 85023
SB49 10266138888 SPOON EUGENE LEE 17413 NORTH 13TH STREET PHOENIX AZ 85022
SB49 10266138963 BUTTS ELIZA MAE 7156 WEBB DETROIT MI 48204
SB49 10266138981 LAUFF CHARLES 309 MAIN STREET COLUSA CA 95932
SB49 10266138999 CLEGG DAVID H 1773 CEDAR VIEW ROAD SODA SPRINGS ID 83276
SB49 10266139023 CORNELL HAROLD DENNIS 1602 KEATON LANE COLORADO SPRINGS CO 80909
SB49 10266139148 NAVARRO RICHARDO F 2410 SACRAMENTO STREET BERKELEY CA 94702
SB49 10266139151 VALENTINE TAMMY 756 WEST 4350 SOUTH RIVERDALE UT 84405
SB49 10266139153 SMITH STANLEY G 177 EAST ADAMS STREET MORTON WA 98356
SB49 10266139238 BURCHFIELD KENNETH LYNN 127 NORTH THIRD AVENUE BEECH GROVE IN 46107
SB49 10266139276 KOOP DENNIS R 238 NORTH 200 WEST AMERICAN FORK UT 84003
SB49 10266139341 TANNERY TIMOTHY J 19600 BEAVER DIKE ROAD CLATSKANIE OR 97016
SB49 10266139357 GARTZMAN ALLAN 9655 E SHARON DRIVE SCOTTSDALE AZ 85260
SB49 10266139358 MARTIN MICHAEL L 670 SOUTH 500 EAST PAYSON UT 84651
SB49 10266139371 CHAIREZ THOMAS 316 EAST 10TH STREET #3 DELTA CO 81416
SB49 10266139442 KIRSCHENMAN KEITH R 2214 NE 98TH AVENUE VANCOUVER WA 98664
SB49 10266139475 GALLO JOSEPH J 10044 OAK LEAF WAY LITTLETON CO 80126
SB49 10266139485 JASPER RICHARD T 3344 E RED STONE DRIVE BOISE ID 83712
SB49 10266139553 LEDBETTER TOY W 17250 EAST HAMILTON AVENUE AURORA CO 80013
SB49 10266139568 KNETTLE III LEROY JAMES 429 NORTH 6TH AVENUE BRIGHTON CO 80601
SB49 10266139575 NELSON KATHLEEN D 2669 HATCH CIRCLE COLORADO SPRINGS CO 80918
SB49 10266139624 CORTEZ CECILIA H 8623 S 7TH AVENUE PHOENIX AZ 85041
SB49 10266139638 FRANKLIN JERRY D JR 8623 WEST 64TH WAY ARVADA CO 80004
SB49 10266139728 HABBEL SAM 6709 EAST SANDRA TERRACE PHOENIX AZ 85254
SB49 10266139736 NIELSEN MART LADELL 2596 WEST 12270 SOUTH RIVERTON UT 84065
SB49 10266139886 OLLIS GREGORY K 3251 WEST OAKESON CIRCLE SALT LAKE CITY UT 84118
SB49 10266139906 JACOBSON SR KARL M 1775 SUMMIT AVENUE NW SALEM OR 97304
SB49 10266140047 CLEGG TRACY R 440 SOUTH 500 EAST ROOSEVELT UT 84066
SB49 10266140053 LEE JOSEPH K 760 AYAMONTE COURT SAN RAMON CA 94583
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SB49 10266138124 24,138.00 24,138.69 02/01/97 01/01/12 179.15 02/01/97 85.0 12.750 262.31
SB49 10266138156 277,600.00 277,600.00 01/11/97 12/11/26 358.45 01/11/97 80.0 13.250 3,125.15
SB49 10266138159 46,000.00 45,950.29 01/02/97 12/02/11 178.16 02/02/97 86.2 11.950 471.39
SB49 10266138209 35,400.00 35,400.00 01/06/97 12/06/11 178.29 01/06/97 80.0 10.500 391.31
SB49 10266138221 17,000.00 17,000.00 02/01/97 01/01/12 179.15 02/01/97 78.2 9.800 180.61
SB49 10266138225 80,250.00 80,250.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.980 824.23
SB49 10266138279 30,000.00 30,000.00 02/01/97 01/01/12 179.15 02/01/97 80.8 11.950 359.09
SB49 10266138291 45,673.00 45,673.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.950 546.68
SB49 10266138293 50,000.00 49,794.62 02/01/97 01/01/12 179.15 03/01/97 83.5 12.750 624.42
SB49 10266138326 79,200.00 79,200.00 02/01/97 01/01/27 359.15 02/01/97 90.0 11.125 761.73
SB49 10266138364 48,709.00 48,709.00 02/01/97 01/01/12 179.15 02/01/97 88.0 11.350 476.79
SB49 10266138414 58,800.00 58,800.00 01/02/97 12/02/16 238.16 02/02/97 89.9 11.350 620.99
SB49 10266138441 24,600.00 24,600.00 01/18/97 12/18/11 178.68 01/18/97 84.8 10.000 215.88
SB49 10266138443 111,600.00 111,582.16 01/16/97 12/16/26 358.62 02/16/97 89.2 11.250 1,083.93
SB49 10266138451 11,649.00 11,649.00 12/07/96 11/07/11 177.34 01/07/97 90.0 11.550 136.45
SB49 10266138453 52,000.00 52,000.00 02/01/97 01/01/12 179.15 02/01/97 71.1 10.700 483.46
SB49 10266138498 33,800.00 33,800.00 02/01/97 01/01/17 239.15 02/01/97 63.1 11.250 354.65
SB49 10266138502 120,250.00 120,250.00 02/01/97 01/01/27 359.15 02/01/97 65.0 9.850 1,041.98
SB49 10266138541 58,000.00 57,953.47 01/17/97 12/17/26 358.65 02/17/97 47.9 10.600 534.89
SB49 10266138569 14,500.00 14,500.00 01/06/97 12/06/11 178.29 02/06/97 73.1 12.500 178.72
SB49 10266138582 20,346.00 20,346.00 01/03/97 12/03/11 178.19 01/03/97 72.1 13.100 258.77
SB49 10266138588 51,000.00 50,945.14 01/20/97 12/20/11 178.75 02/20/97 90.0 11.975 523.61
SB49 10266138589 43,200.00 43,200.00 02/01/97 01/01/12 179.15 02/01/97 78.7 12.800 471.13
SB49 10266138601 21,000.00 21,000.00 02/01/97 01/01/12 179.15 02/01/97 85.8 11.950 251.36
SB49 10266138685 69,768.00 69,768.00 01/18/97 12/18/11 178.68 01/18/97 89.9 12.750 758.16
SB49 10266138732 13,000.00 12,887.36 02/01/97 01/01/12 179.15 03/01/97 78.2 11.700 153.52
SB49 10266138734 71,980.00 71,980.00 02/01/97 01/01/12 179.15 02/01/97 89.1 11.350 834.01
SB49 10266138763 28,100.00 28,012.44 01/13/97 12/13/16 238.52 02/13/97 89.9 11.750 304.52
SB49 10266138835 12,000.00 12,000.00 02/01/97 01/01/12 179.15 02/01/97 82.5 12.750 130.40
SB49 10266138843 67,500.00 67,424.56 01/20/97 12/20/16 238.75 02/20/97 90.0 11.250 708.25
SB49 10266138875 62,000.00 62,000.00 02/01/97 01/01/12 179.15 02/01/97 84.9 13.700 813.22
SB49 10266138885 17,250.00 17,250.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.350 168.85
SB49 10266138888 119,500.00 119,500.00 02/01/97 01/01/27 359.15 02/01/97 89.8 10.000 1,048.70
SB49 10266138963 18,700.00 18,700.00 01/10/97 12/10/26 358.42 02/10/97 85.0 10.000 164.11
SB49 10266138981 32,000.00 32,000.00 02/01/97 01/01/12 179.15 02/01/97 80.1 12.050 330.39
SB49 10266138999 27,200.00 27,200.00 02/01/97 01/01/12 179.15 02/01/97 89.8 11.350 315.16
SB49 10266139023 12,600.00 12,600.00 02/01/97 01/01/12 179.15 02/01/97 68.2 13.750 165.69
SB49 10266139148 23,000.00 23,000.00 02/01/97 01/01/12 179.15 02/01/97 73.3 11.250 265.04
SB49 10266139151 22,626.00 22,594.93 01/17/97 12/17/11 178.65 02/17/97 79.9 14.350 306.66
SB49 10266139153 54,000.00 54,000.00 02/01/97 01/01/12 179.15 02/01/97 80.0 10.750 504.08
SB49 10266139238 15,600.00 15,550.92 01/17/97 12/17/16 238.65 02/17/97 74.9 12.500 177.24
SB49 10266139276 12,000.00 12,000.00 02/01/97 01/01/12 179.15 02/01/97 89.5 12.750 130.40
SB49 10266139341 17,400.00 17,400.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.950 178.31
SB49 10266139357 54,350.00 54,350.00 02/01/97 01/01/12 179.15 02/01/97 84.9 12.750 590.62
SB49 10266139358 11,200.00 11,200.00 01/03/97 12/03/16 238.19 02/03/97 89.9 12.750 129.23
SB49 10266139371 39,000.00 38,823.00 02/01/97 01/01/12 179.15 03/01/97 65.0 9.550 329.36
SB49 10266139442 14,843.00 14,843.00 02/01/97 01/01/12 179.15 02/01/97 85.0 12.350 156.69
SB49 10266139475 52,000.00 52,000.00 02/01/97 01/01/12 179.15 02/01/97 89.9 11.950 622.42
SB49 10266139485 36,850.00 36,850.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.150 422.31
SB49 10266139553 116,450.00 116,450.00 02/01/97 01/01/27 359.15 02/01/97 85.0 12.250 1,220.28
SB49 10266139568 25,661.00 25,661.00 02/01/97 01/01/12 179.15 02/01/97 83.1 11.250 249.24
SB49 10266139575 15,000.00 15,000.00 02/01/97 01/01/12 179.15 02/01/97 83.4 11.350 173.80
SB49 10266139624 31,500.00 31,500.00 02/01/97 01/01/17 239.15 02/01/97 70.0 9.600 295.68
SB49 10266139638 43,000.00 43,000.00 02/01/97 01/01/17 239.15 02/01/97 79.4 13.000 503.78
SB49 10266139728 27,600.00 27,600.00 02/01/97 01/01/12 179.15 02/01/97 90.0 11.350 270.17
SB49 10266139736 69,803.00 69,803.03 02/01/97 01/01/12 179.15 02/01/97 85.0 12.750 758.54
SB49 10266139886 45,070.00 45,070.00 01/11/97 12/11/11 178.45 01/11/97 88.1 12.750 489.77
SB49 10266139906 28,000.00 28,000.00 02/01/97 01/01/12 179.15 02/01/97 85.0 12.750 349.67
SB49 10266140047 26,300.00 26,300.00 01/13/97 12/13/11 178.52 02/13/97 79.6 15.350 374.42
SB49 10266140053 57,292.00 57,292.00 02/01/97 01/01/12 179.15 02/01/97 85.0 12.450 609.23
</TABLE>
<PAGE>
Alliance Funding Company Page 3 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SB49 10266140067 DENNARD PRESTON J 4545 GREENE AVENUE NW ALBUQUERQUE NM 87114
SB49 10266140150 WETTACH ROBERT P 8210 SOUTH 1600 WEST WEST JORDAN UT 84088
SB49 10266140232 CLANTON RONALD E 9558 SOUTH 220 EAST SANDY UT 84070
SB49 10266140308 JOHNSON DAVID A 8523 SOUTH HUCKLEBERRY CIRCLE WEST JORDAN UT 84088
SB49 10266140311 KRAFT MELVIN C 9829 SOUTH 475 EAST SANDY UT 84070
SB49 10266140394 PISTORIUS DAVID B 9207 SOUTH ELK MEADOWS DRIVE WEST JORDAN UT 84088
SB49 10266140477 ESKELSON KRISTIE 5501 WEST CYCLAMEN COVE WEST JORDAN UT 84084
SB49 10266140533 PARKER PAULINE 745 WEST 1400 SOUTH WOODS CROSS UT 84087
SB49 10266140535 SKOUSEN JAY M 1421 WEST QUAIL RIDGE CIRCLE RIVERTON UT 84065
--------------------------------------------
129 Sale Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SB49 10266140067 50,250.00 50,250.00 02/01/97 01/01/12 179.15 02/01/97 83.7 12.750 627.54
SB49 10266140150 11,187.00 11,183.86 01/13/97 12/13/16 238.52 02/13/97 52.1 11.500 119.30
SB49 10266140232 60,000.00 60,000.00 02/01/97 01/01/12 179.15 02/01/97 48.0 13.350 680.17
SB49 10266140308 20,921.00 20,867.12 01/17/97 12/17/11 178.65 02/17/97 79.6 15.350 270.40
SB49 10266140311 45,200.00 45,179.68 01/18/97 12/18/11 178.68 02/18/97 79.9 13.350 582.34
SB49 10266140394 30,000.00 30,000.00 01/20/97 12/20/11 178.75 01/20/97 86.0 12.750 374.65
SB49 10266140477 12,657.00 12,657.00 01/26/97 12/26/11 178.95 01/26/97 71.2 15.100 178.01
SB49 10266140533 34,384.00 34,384.00 01/24/97 12/24/11 178.88 01/24/97 88.5 12.440 365.37
SB49 10266140535 27,350.00 27,207.63 01/23/97 12/23/11 178.85 02/23/97 83.4 13.350 352.37
----------------------------------------- ---------- ------------------------------
129 6,242,110.00 6,238,522.65 230.03 81.3 11.884 67,294.07
</TABLE>
<PAGE>
Alliance Funding Company Page 4 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SB51 10266128337 GUSS MATTHEW 6307 WEST THOR WAY WEST VALLEY CITY UT 84120
SB51 10266129893 WALSH PAUL F 224 LINDEN STREET WEST PITTSTON PA 18643
SB51 10266132798 OLSEN GEORGE M 6819 N 12TH STREET, UNIT 24 PHOENIX AZ 85014
SB51 10266134589 HARDY RODNEY J 160 WEST 2550 NORTH NORTH OGDEN UT 84414
SB51 10266134914 WHITE EDWARD A 3724 WRANGLER WAY PARK CITY UT 84060
SB51 10266134991 MARAPAO HENRY A 1145 LEXINGTON AVENUE MANTECA CA 95336
SB51 10266135844 WEHLAND DALE R 33900 GRAND AVENUE STACY MN 55079
SB51 10266136062 DECKER MYRTLE M 425 CEDAR ST. BLANCHARD MI 49310
SB51 10266136166 EMMER MATTHEW M 1 DOOLEY COURT DIX HILLS NY 11746
SB51 10266136409 MALONE SUSIE 4418 WEST 24TH PLACE GARY IN 46404
SB51 10266136865 AVILA PHILLIP R 2916-22 HOOKER STREET DENVER CO 80211
SB51 10266137261 HOFFMAN TERRI L 6527 WEST 71ST STREET INDIANAPOLIS IN 46278
SB51 10266137409 LOWTHER SR ROBERT L 6218 W LUCKY LANE BOISE ID 83703
SB51 10266137719 YOUNG LEO 246 WEST 200 SOUTH PROVO UT 84601
SB51 10266137968 HARDY BLAIN D 2555 NORTH 300 EAST LOGAN UT 84341
SB51 10266138010 HAMPTON DOROTHY D 3340-42 N. 4TH STREET MILWAUKEE WI 53212
SB51 10266138084 CARROLL JAMES 2219 RYDER STREET BROOKLYN NY 11234
SB51 10266138142 RENNA SUSAN ELLEN 387 ELMWOOD STREET ISLIP TERRACE NY 11752
SB51 10266138224 SOSA MAURICIO 4302 WEST STANE AVENUE WEST VALLEY CITY UT 84120
SB51 10266138391 IRWIN KATHLEEN T 122 RED FOX LANE #C ELK GROVE VILLAGE IL 60007
SB51 10266138466 MAYFIELD GARY L 728 WEST 1720 NORTH #214 PROVO UT 84604
SB51 10266138521 GREEN JOHN M 1265 DAWNRIDGE ROAD, S.E. EAST SPARTA OH 44626
SB51 10266138594 THACKER MERLIN DON 3689 SOUTH 4400 WEST WEST VALLEY CITY UT 84120
SB51 10266138637 DUGGAN MICHAEL 4141 NORTH ASHLAND AVENUE CHICAGO IL 60613
SB51 10266138638 VIZER MARY 4855 WEST BLOOMINGDALE CHICAGO IL 60639
SB51 10266138653 MORGAN WESLEY 14839 MAIN STREET HARVEY IL 60426
SB51 10266138682 SHANKS JOHN ANTHONY 415 BROWN STREET LOGANSPORT IN 46947
SB51 10266138716 SWENSEN ERIC 408 WEST ROUTT AVENUE PUEBLO CO 81004
SB51 10266138737 PELLATI ANGELINA 18 WILLOUGHBY PLACE WEST ISLIP NY 11795
SB51 10266138743 COGSWELL KATHLEEN M 17854 W HAMPSHIRE DR GURNEE IL 60031
SB51 10266138792 DAVIS NORMAN 4225 N. WHITTIER PLACE INDIANAPOLIS IN 46226
SB51 10266138829 ZARYCHTA DONNA S 2822 SOUTH IDALIA STREET AURORA CO 80013
SB51 10266139582 HECHLER VALENTINE IV 26 MEADOWVIEW DRIVE NORTHFIELD IL 60093
SB51 10266139752 STOLWORTHY ANDREW THOMAS 5654 EAST MESQUITE LANE PHOENIX AZ 85018
SB51 10266140453 AMLING KAREN WL 5550 W HARBORCOVE LANE BOISE ID 83703
--------------------------------------------
35 Sale Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SB51 10266128337 17,523.00 17,477.64 10/04/96 09/04/11 175.23 02/04/97 90.0 13.200 196.58
SB51 10266129893 81,000.00 80,768.30 10/01/96 09/01/26 355.13 03/01/97 87.0 12.250 848.80
SB51 10266132798 26,100.00 26,100.00 12/01/96 11/01/11 177.14 02/01/97 60.6 10.200 232.91
SB51 10266134589 22,000.00 21,978.13 11/01/96 10/01/11 176.12 02/01/97 54.2 14.350 298.17
SB51 10266134914 35,000.00 35,000.00 12/05/96 11/05/11 177.27 01/05/97 80.0 13.950 464.93
SB51 10266134991 15,000.00 14,937.14 12/14/96 11/14/11 177.57 02/14/97 77.5 10.750 168.14
SB51 10266135844 14,800.00 14,800.00 01/16/97 12/16/11 178.62 01/16/97 79.7 11.250 143.75
SB51 10266136062 27,900.00 27,900.00 01/09/97 12/09/11 178.39 01/09/97 64.8 8.990 282.81
SB51 10266136166 43,000.00 43,000.00 01/11/97 12/11/11 178.45 01/11/97 76.6 10.750 482.01
SB51 10266136409 32,000.00 32,000.00 01/03/97 12/03/11 178.19 01/03/97 80.0 13.500 366.53
SB51 10266136865 15,460.00 15,460.00 02/01/97 01/01/12 179.15 02/01/97 71.5 12.500 165.00
SB51 10266137261 67,200.00 67,200.00 01/06/97 12/06/11 178.29 01/06/97 80.0 13.500 769.72
SB51 10266137409 22,043.00 22,043.00 01/01/97 12/01/11 178.13 02/01/97 84.9 12.750 275.28
SB51 10266137719 41,870.00 41,870.00 02/01/97 01/01/12 179.15 02/01/97 84.4 12.350 441.99
SB51 10266137968 32,500.00 32,500.00 01/01/97 12/01/11 178.13 01/01/97 81.4 13.950 383.80
SB51 10266138010 28,900.00 28,900.00 01/20/97 12/20/26 358.75 01/20/97 82.5 11.850 293.94
SB51 10266138084 44,200.00 44,200.00 02/01/97 01/01/12 179.15 02/01/97 50.7 12.500 544.77
SB51 10266138142 19,500.00 19,500.00 01/13/97 12/13/16 238.52 01/13/97 77.3 11.600 209.30
SB51 10266138224 34,300.00 34,300.00 02/01/97 01/01/12 179.15 02/01/97 84.8 14.250 413.21
SB51 10266138391 70,000.00 70,000.00 01/23/97 12/23/16 238.85 01/23/97 53.8 10.000 675.52
SB51 10266138466 66,300.00 66,300.00 02/01/97 01/01/27 359.15 02/01/97 65.0 9.600 562.33
SB51 10266138521 57,800.00 57,618.27 01/17/97 12/17/16 238.65 02/17/97 74.6 12.500 656.69
SB51 10266138594 23,412.00 23,412.00 02/01/97 01/01/12 179.15 02/01/97 88.0 11.950 239.92
SB51 10266138637 43,000.00 42,894.04 01/26/97 12/26/16 238.95 02/26/97 66.2 12.350 484.00
SB51 10266138638 54,000.00 54,000.00 01/24/97 12/24/16 238.88 01/24/97 75.0 10.000 521.11
SB51 10266138653 45,700.00 45,700.00 02/01/97 01/01/12 179.15 02/01/97 74.9 12.000 548.48
SB51 10266138682 11,200.00 11,200.00 01/18/97 12/18/11 178.68 01/18/97 69.6 10.100 121.04
SB51 10266138716 41,400.00 41,400.00 02/01/97 01/01/27 359.15 02/01/97 82.8 11.450 408.40
SB51 10266138737 104,000.00 104,000.00 01/26/97 12/26/26 358.95 01/26/97 63.0 11.500 1,029.90
SB51 10266138743 40,000.00 39,945.65 01/23/97 12/23/16 238.85 02/23/97 77.8 10.500 399.35
SB51 10266138792 35,400.00 35,400.00 01/06/97 12/06/11 178.29 01/06/97 60.0 12.000 364.13
SB51 10266138829 17,100.00 17,100.00 02/01/97 01/01/12 179.15 02/01/97 79.9 11.100 195.43
SB51 10266139582 50,000.00 50,000.00 02/01/97 01/01/12 179.15 02/01/97 07.6 9.350 517.60
SB51 10266139752 175,000.00 175,000.00 02/01/97 01/01/12 179.15 02/01/97 64.1 10.200 1,561.68
SB51 10266140453 14,450.00 14,450.00 02/01/97 01/01/12 179.15 02/01/97 84.9 12.750 180.46
----------------------------------------- ---------- ------------------------------
35 1,469,058.00 1,468,354.17 229.49 69.9 11.532 15,447.68
</TABLE>
<PAGE>
Alliance Funding Company Page 5 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SBC50 10268000640 CURTIS JAMIE 1250 NORTH AVENUE NEW ROCHELLE NY 10804
SBC50 10268001069 KNAPPER KIMICA R 1329 NORTH 76TH STREET PHILADELPHIA PA 19150
SBC50 10268001121 SASSONE VINCENT T 35 PAPANIA DRIVE MAHOPAC NY 10541
SBC50 10268001641 DANSBY LAWRENCE 146 NORTH 25TH STREET WYANDANCH NY 11798
SBC50 10268001855 MOSLEY DARRELL 319 GLENWOOD AVE SYRACUSE NY 13207
SBC50 10268002119 CALLAHAN LARRY 541 61ST ST BROOKLYN NY 11220
SBC50 10268002568 SUQUISUPA JOSE F 11 ELM STREET TOMKINS COVE NY 10986
SBC50 10268002632 BAITZ JOHN B 28 WASHINGTON AVE PT JEFFERSON STATION NY 11776
SBC50 10268002639 WILLIAMS KAROLYN MCKAY 35 9TH AVE HUNTINGTON STATION NY 11746
SBC50 10268002660 PETERSON GARY M 8400 NW 24TH CT SUNRISE FL 33322
SBC50 10268002727 KASOLIS KONSTANTINOS 45 GRISSOM DR WEST HARTFORD CT 06110
SBC50 10268002793 TINEO JULISSA 34-39 92ND STREET JACKSON HEIGHTS NY 11372
SBC50 10268002823 HILSMAN GERALD T 15 MASON TERRACE THOMPSON CT 06246
SBC50 10268002964 BLACKMAN ALDWYN 99-19 209TH STREET QUEENS VILLAGE NY 11429
SBC50 10268003059 DILLON LLOYD 3030 WALLACE AVENUE BRONX NY 10467
SBC50 10268003089 RICHMOND WARREN H III 93 BAYVIEW AVE NORTHPORT NY 11768
SBC50 10268003223 MCMULLEN HARRY F 349 HAVERFORD AVE WENONAH NJ 08090
SBC50 10268003381 POPP RICHARD EDWARD 46 CEMETERY RD GERMANTOWN NY 12526
SBC50 10268003522 PIERCE ROBERT J 11 TRISINA CIR ATTLEBORO MA 02703
SBC50 10268003525 AQUILINO FRANK 257 HILLMAN AVE STATEN ISLAND NY 10314
SBC50 10268003640 HUTCHINSON MANN 726 ROCKAWAY PKY BROOKLYN NY 11236
SBC50 10268003683 TUCKER ALVIN L 4049 CARIBON ST MITCHELLVILLE MD 20721
SBC50 10268003710 BENKERT PAUL JAMES JR 625 GOLDSBOROUGH DR ROCKVILLE MD 20850
SBC50 10268003746 ROMAN JENNY 12415 SPANISH MOSS DR HUDSON FL 34667
SBC50 10268003777 CONTI ADELAIDE M PATSCOT 21 OCTOBER LN TRUMBULL CT 06611
SBC50 10268003783 PUZAK SHIRLEY A 301 KATONA DR FAIRFIELD CT 06430
SBC50 10268003791 EDWARDS LESLIE C 559 CONWAY RD ELMONT NY 11003
SBC50 10268003856 PURCELL IRVING J 108-19 173RD STREET JAMAICA NY 11433
SBC50 10268003909 CRONEY ALLAN 853 EAST 231ST STREET BRONX NY 10466
SBC50 10268003919 ALLEN JAMES E 5959 DEERFIELD PL LAKE WORTH FL 33463
SBC50 10268003938 MYERS STEPHEN L 27527 SUFFRIDGE DRIVE BONITA SPRINGS FL 33923
SBC50 10268003980 LEE JOON HO 62 DEMAREST AVE CLOSTER NJ 07624
SBC50 10268004032 BABB-DACHE URSULA 18431 ELGIN AVE PORT CHARLOTTE FL 33948
SBC50 10268004092 MORALES WILLIAM 2526 COUNTRYSIDE PINES DRIVE CLEARWATER FL 34621
SBC50 10268004287 SWEENEY MARIE N 8407 WESLEY STINNETT BOULEVAR CHESAPEAKE BEACH MD 20732
SBC50 10268004329 OKEEFE MARGARET 4381 RUDETOWN ROAD HARDYSTON NJ 07419
SBC50 10268004335 HARVEY TAJ 34 7TH AVE S HUNTINGTON STATION NY 11746
SBC50 10268004358 FAISON LEONARD R 305 TURLINGTON ST CLINTON NC 28328
SBC50 10268004435 MCNAMARA JOHN S 22 SEAMAN RD WEST ORANGE NJ 07052
SBC50 10268004438 KOTULA MICHAEL S 7 CARPENTER ROAD NEW HAMPTON NY 10956
SBC50 10268004541 KOWALSKI EDWARD F SR 200 REHM RD DEPEW NY 14043
SBC50 10268004559 WILLIAMS MATTHEW 1 RT BOX 2185 SPOTS RD WEDGEFIELD SC 29168
SBC50 10268004603 EBERSMAN JUSTIN 1024 WASHINGTON RD ROXBURY CT 06783
SBC50 10268004614 BRIGGS LUCIUS GOFFE II 43 ANN ST FAIRFIELD CT 06430
SBC50 10268004687 DOELGER DANIEL J 1041 EAST 32ND STREET BROOKLYN NY 11210
SBC50 10268004742 WILHOIT MARK STEVEN 1306 HAMPSHIRE CT RALEIGH NC 27612
SBC50 10268004750 VENTILLO BERNABE B 5 BROOKSIDE AVE WESTWOOD NJ 07675
SBC50 10268004754 FIDELIA JEAN R 13742 169TH ST JAMAICA NY 11434
SBC50 10268004765 TAYLOR THOMAS L 7454 ROCKBRIDGE RD LITHONIA GA 30058
SBC50 10268004826 POLICASTRO CONRAD 31 FOX HILL UPPER SADDLE RIVER NJ 07458
SBC50 10268004846 DESIDERIO JOSEPH 0 KIMBEL ROAD TR 77 CALLICOON NY 12767
SBC50 10268004964 CRUZ PEDRO 17 TICINO STREET COPIAGUE NY 11726
SBC50 10268004989 CRAWFORD WALTER DWANE 1240 NEW YORK AVE BROOKLYN NY 11203
SBC50 10268004996 GASTON RICHARD L 22986 SHADY MILE DRIVE CALIFORNIA MD 20619
SBC50 10268005000 REIS KENNETH L 69 RUSSELLS MILLS RD SOUTH DARTMOUTH MA 02748
SBC50 10268005006 GRANT RICHARD M 678 MIDDLETOWN RD COLCHESTER CT 06415
SBC50 10268005044 SAND ELIZABETH B 426 2ND AVE NE LARGO FL 33770
SBC50 10268005058 DAVIS FAYE 1 RD BOX 264A MILFORD DE 19963
SBC50 10268005097 HART KAREN K 415 LANARK STREET SANFORD FL 32773
SBC50 10268005149 BURGESS DAVID 9 8TH AVE HUNTINGTON STATION NY 11746
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBC50 10268000640 106,500.00 106,500.00 11/29/96 10/29/26 357.04 01/29/97 59.8 11.250 1,034.39
SBC50 10268001069 15,000.00 14,848.12 09/28/96 08/28/11 175.00 01/28/97 20.2 11.990 179.93
SBC50 10268001121 66,490.00 66,490.00 01/09/97 12/09/11 178.39 01/09/97 85.2 11.950 795.85
SBC50 10268001641 90,000.00 89,931.56 10/11/96 09/11/11 175.46 02/11/97 69.2 13.000 995.58
SBC50 10268001855 44,000.00 43,914.05 12/14/96 11/14/11 177.57 02/14/97 80.0 10.400 399.20
SBC50 10268002119 148,000.00 147,700.12 01/05/97 12/05/11 178.26 02/05/97 66.6 11.500 1,465.63
SBC50 10268002568 157,000.00 156,765.32 11/22/96 10/22/16 236.81 01/22/97 68.5 9.800 1,494.34
SBC50 10268002632 27,000.00 26,967.05 12/27/96 11/27/11 177.99 01/27/97 89.7 11.750 319.72
SBC50 10268002639 113,900.00 113,873.06 11/28/96 10/28/11 177.01 12/28/96 85.0 12.850 1,246.62
SBC50 10268002660 22,450.00 22,440.13 11/15/96 10/15/11 176.58 02/15/97 85.3 13.200 251.86
SBC50 10268002727 69,500.00 68,628.63 12/01/96 11/01/11 177.14 03/01/97 80.0 11.950 831.88
SBC50 10268002793 247,500.00 247,500.00 12/27/96 11/27/11 177.99 01/27/97 90.0 12.250 2,593.54
SBC50 10268002823 55,000.00 54,898.83 01/24/97 12/24/16 238.88 02/24/97 84.2 11.600 590.33
SBC50 10268002964 150,000.00 150,000.00 12/12/96 11/12/11 177.50 02/12/97 85.7 10.500 1,372.11
SBC50 10268003059 40,000.00 39,362.47 12/18/96 11/18/11 177.70 03/18/97 89.3 12.500 426.90
SBC50 10268003089 147,970.00 147,806.20 01/10/97 12/10/11 178.42 02/10/97 85.2 10.150 1,603.70
SBC50 10268003223 60,450.00 60,450.00 12/04/96 11/04/11 177.24 01/04/97 65.0 14.500 740.24
SBC50 10268003381 20,000.00 20,000.00 12/01/96 11/01/11 177.14 02/01/97 87.7 11.550 234.27
SBC50 10268003522 24,000.00 23,871.40 11/30/96 10/30/11 177.07 01/30/97 86.8 11.750 284.19
SBC50 10268003525 40,000.00 40,000.00 12/15/96 11/15/11 177.60 01/15/97 30.5 10.875 451.50
SBC50 10268003640 157,500.00 157,500.00 12/25/96 11/25/11 177.93 01/25/97 75.0 12.250 1,650.44
SBC50 10268003683 62,200.00 62,200.00 01/02/97 12/02/11 178.16 02/02/97 84.9 11.400 722.66
SBC50 10268003710 32,379.00 32,245.64 12/14/96 11/14/11 177.57 02/14/97 89.9 12.500 399.08
SBC50 10268003746 53,800.00 53,800.00 12/12/96 11/12/26 357.50 01/12/97 84.9 11.990 552.98
SBC50 10268003777 49,000.00 48,895.95 12/21/96 11/21/11 177.80 02/21/97 79.2 13.950 650.91
SBC50 10268003783 75,000.00 74,931.41 12/25/96 11/25/16 237.93 01/25/97 37.5 11.250 786.94
SBC50 10268003791 152,800.00 152,735.74 12/22/96 11/22/11 177.83 02/22/97 80.0 10.700 1,420.62
SBC50 10268003856 75,000.00 75,000.00 01/02/97 12/02/11 178.16 02/02/97 56.8 11.990 770.88
SBC50 10268003909 180,000.00 179,825.27 12/01/96 11/01/16 237.14 02/01/97 75.0 12.300 2,019.73
SBC50 10268003919 97,200.00 97,200.00 01/17/97 12/17/11 178.65 01/17/97 87.5 10.750 907.34
SBC50 10268003938 28,800.00 28,800.00 01/09/97 12/09/11 178.39 02/09/97 80.0 13.950 382.57
SBC50 10268003980 55,000.00 55,000.00 01/03/97 12/03/11 178.19 02/03/97 75.2 12.700 595.54
SBC50 10268004032 14,000.00 13,981.25 01/23/97 12/23/11 178.85 02/23/97 79.8 13.990 186.35
SBC50 10268004092 21,500.00 21,500.00 01/16/97 12/16/11 178.62 02/16/97 89.9 11.550 251.84
SBC50 10268004287 54,800.00 54,756.92 01/16/97 12/16/11 178.62 02/16/97 80.0 11.000 521.87
SBC50 10268004329 22,000.00 21,973.73 12/01/96 11/01/16 237.14 02/01/97 20.0 10.750 223.35
SBC50 10268004335 103,100.00 103,013.14 01/16/97 12/16/11 178.62 02/16/97 85.9 9.800 889.58
SBC50 10268004358 16,019.00 15,931.86 12/20/96 11/20/11 177.76 02/20/97 89.9 11.550 187.64
SBC50 10268004435 35,000.00 34,895.43 01/06/97 12/06/11 178.29 02/06/97 85.8 13.700 459.08
SBC50 10268004438 25,000.00 24,980.81 01/18/97 12/18/11 178.68 02/18/97 89.8 11.750 252.35
SBC50 10268004541 105,000.00 104,885.60 01/10/97 12/10/11 178.42 02/10/97 70.0 10.750 980.16
SBC50 10268004559 31,500.00 31,500.00 01/02/97 12/02/11 178.16 02/02/97 65.6 11.850 375.02
SBC50 10268004603 194,500.00 194,500.00 01/02/97 12/02/16 238.16 02/02/97 85.0 11.500 2,074.21
SBC50 10268004614 23,300.00 23,300.00 01/09/97 12/09/11 178.39 02/09/97 85.3 13.350 300.19
SBC50 10268004687 22,300.00 22,200.89 01/16/97 12/16/11 178.62 02/16/97 79.0 10.900 252.06
SBC50 10268004742 115,000.00 114,740.88 01/13/97 12/13/26 358.52 02/13/97 83.3 9.800 992.25
SBC50 10268004750 125,000.00 125,000.00 12/25/96 11/25/26 357.93 01/25/97 62.5 11.990 1,284.80
SBC50 10268004754 136,000.00 135,806.50 12/01/96 11/01/16 237.14 02/01/97 85.0 9.400 1,258.83
SBC50 10268004765 82,450.00 82,390.50 12/18/96 11/18/26 357.70 02/18/97 85.0 13.450 941.15
SBC50 10268004826 73,750.00 73,750.00 01/09/97 12/09/11 178.39 02/09/97 75.0 12.200 769.97
SBC50 10268004846 56,250.00 56,250.00 02/01/97 01/01/17 239.15 02/01/97 76.0 9.800 535.39
SBC50 10268004964 43,200.00 43,200.00 12/07/96 11/07/16 237.34 02/07/97 50.0 10.900 442.97
SBC50 10268004989 180,000.00 180,000.00 01/17/97 12/17/11 178.65 01/17/97 90.0 11.050 1,720.99
SBC50 10268004996 34,000.00 34,000.00 12/26/96 11/26/11 177.96 01/26/97 89.1 12.500 419.06
SBC50 10268005000 20,500.00 20,310.56 01/02/97 12/02/11 178.16 03/02/97 89.9 12.500 252.67
SBC50 10268005006 16,900.00 16,900.00 01/10/97 12/10/11 178.42 02/10/97 84.9 13.350 217.73
SBC50 10268005044 37,400.00 37,400.00 02/01/97 01/01/12 179.15 02/01/97 85.0 10.000 328.21
SBC50 10268005058 94,490.00 94,490.00 01/12/97 12/12/11 178.49 02/12/97 82.1 12.250 990.16
SBC50 10268005097 40,000.00 40,000.00 01/16/97 12/16/26 358.62 02/16/97 53.3 10.500 365.90
SBC50 10268005149 19,000.00 19,000.00 01/20/97 12/20/11 178.75 02/20/97 90.0 11.350 185.98
</TABLE>
<PAGE>
Alliance Funding Company Page 6 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SBC50 10268005169 REISTROM JOHN C 4431 3 8TH STREET S ST PETERSBURG FL 33711
SBC50 10268005184 GENKINS GLADYS 75 SOMERS ST BROOKLYN NY 11233
SBC50 10268005200 KENNEDY ANDREW J 43 PINEWOOD DR COMMACK NY 11725
SBC50 10268005229 ALBAIG JACOB 7804 TOWN GATE PL BETHESDA MD 20817
SBC50 10268005237 STEWART DAN E 705 CINNAMON RD NORTH PALM BEACH FL 33408
SBC50 10268005249 KOTOWSKI ALAN S 103 COCKS LN LOCUST VALLEY NY 11560
SBC50 10268005302 THORNTON LEON 11 CROWELL ST HEMPSTEAD NY 11550
SBC50 10268005311 LAWRENCE JILL 11001 RIDGE RD LARGO FL 33778
SBC50 10268005354 VESCERA GARY C 9 SUMMIT RD PROSPECT CT 06712
SBC50 10268005388 LINDVALL KATHLEEN M 5 BEECH HILL RD SOUTH KINGSTOWN RI 02879
SBC50 10268005402 PARAG KUMAR 136-16 HILLSIDE AVENUE RICHMOND HILL NY 11418
SBC50 10268005426 STELL PENNY N 14 LITTLE RIVER RD LAUREL MD 20724
SBC50 10268005453 HERTEL FREDERICK IV 35 TAYLOR AVE EAST MEADOW NY 11554
SBC50 10268005467 ZEAGER JOHN P 5762 BOSSLER RD ELIZABETHTOWN PA 17022
SBC50 10268005488 JONES ROBERT W 125 WALLACE RD PORTERSVILLE PA 16051
SBC50 10268005502 KIRWAN GREGORY P 13 PARKWAY DR SAG HARBOR NY 11963
SBC50 10268005545 HASTINGS ROGER D 5018 SE MARTINS ST PORTLAND OR 97206
SBC50 10268005584 CUPPETT GERALD E 1685 JUG RD DOVER PA 17315
SBC50 10268005588 SALLEY WILLIAM 342 FAITH LN GOOSE CREEK SC 29445
SBC50 10268005599 MANFRED JOSEPH M 3381 CRAMLINGTON DRIVE GIBSONIA PA 15044
SBC50 10268005622 KNOTTS RONALD E 392 BARNEY JENKINS RD FELTON DE 19943
SBC50 10268005628 SALMONS SHERWOOD W 417 LONGWOOD RD COLUMBIA SC 29209
SBC50 10268005637 HALL ROBERT D 117 WESSEX DR GOOSE CREEK SC 29445
SBC50 10268005693 OCONNOR WINSTON 12255 NW 15TH AVE MIAMI FL 33167
SBC50 10268005747 FULMER JOSEPH ROY 160 SHEALY DR PROSPERITY SC 29127
SBC50 10268005766 LEACH HOWARD J 1921 MAIN ST COVENTRY CT 06238
SBC50 10268005771 SEIFRIT MATTHEW W 15 RESH ROAD REINHOLDS PA 17569
SBC50 10268005789 YAKUBOV VICTOR 418 JERSEY AVE GREENWOOD LAKE NY 10925
SBC50 10268005801 WHITLOCK PHILLIP K 503 DWYER RD BETTERTON MD 21610
SBC50 10268005828 CRAIG PAUL R 464 SOUTHPORT ST RONKONKOMA NY 11779
SBC50 10268005830 MICHAELS STEVEN 101 FIELDSTONE RD ELKTON MD 21921
SBC50 10268005831 HAM CARMEN 133-07 122ND STREET SOUTH OZONE PARK NY 11420
SBC50 10268005850 FORMICA WILLIAM A III 1621 NAUDAIN ST HARRISBURG PA 17104
SBC50 10268005887 COLE EDWARD S 10505 WYLD DR UPPER MARLBORO MD 20772
SBC50 10268005940 JONES ELMA H 2234 BLOSSOM ROAD FAYETTEVILLE NC 28306
SBC50 10268005944 FRANZ EWALD 7350 NEBRASKA AVE NEW PORT RICHEY FL 34653
SBC50 10268005973 MARCHISELLO WILLIAM 6121 AVENUE T BROOKLYN NY 11234
SBC50 10268005976 AKHTAR TANVIR 143 -04 HOLLY AVE FLUSHING NY 11355
SBC50 10268006057 BARTKOWIAK THOMAS SR 1008 MORGAN STATION DR SEVERN MD 21144
SBC50 10268006078 HENRY DAVID G 238 LITTLE MINGO ROAD FINLEYVILLE PA 15332
SBC50 10268006102 WHITTINGTON ANDREW M 1718 MARKET STREET OWINGS MD 20736
SBC50 10268006107 DAVIS BRENDA P 35 STEWART ST NEW HAVEN CT 06512
--------------------------------------------
102 Sale Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBC50 10268005169 28,000.00 28,000.00 01/24/97 12/24/16 238.88 02/24/97 84.8 12.750 323.07
SBC50 10268005184 80,000.00 80,000.00 12/19/96 11/19/11 177.73 01/19/97 66.6 11.500 792.23
SBC50 10268005200 90,000.00 90,000.00 02/01/97 01/01/27 359.15 02/01/97 46.1 10.600 830.00
SBC50 10268005229 100,000.00 99,524.58 01/10/97 12/10/11 178.42 02/10/97 79.0 11.250 971.26
SBC50 10268005237 10,000.00 10,000.00 01/26/97 12/26/11 178.95 01/26/97 80.4 12.500 123.25
SBC50 10268005249 110,000.00 109,764.62 01/16/97 12/16/11 178.62 02/16/97 60.4 12.000 1,320.18
SBC50 10268005302 47,400.00 44,895.79 01/09/97 12/09/11 178.39 06/09/97 79.4 14.350 642.44
SBC50 10268005311 23,490.00 23,224.44 01/23/97 12/23/16 238.85 02/23/97 84.9 11.550 251.31
SBC50 10268005354 121,000.00 121,000.00 01/20/97 12/20/11 178.75 02/20/97 72.4 11.000 1,152.31
SBC50 10268005388 44,000.00 43,958.69 12/27/96 11/27/16 237.99 01/27/97 66.2 11.250 461.67
SBC50 10268005402 33,600.00 33,524.00 11/09/96 10/09/11 176.38 01/09/97 79.8 10.700 375.59
SBC50 10268005426 26,900.00 26,893.54 01/03/97 12/03/11 178.19 02/03/97 84.9 13.350 304.94
SBC50 10268005453 110,000.00 110,000.00 12/15/96 11/15/11 177.60 01/15/97 79.7 13.800 1,285.97
SBC50 10268005467 88,400.00 88,253.83 01/11/97 12/11/26 358.45 02/11/97 85.0 9.950 772.51
SBC50 10268005488 30,200.00 30,200.00 01/09/97 12/09/16 238.39 02/09/97 85.0 11.240 316.67
SBC50 10268005502 108,800.00 108,800.00 01/20/97 12/20/11 178.75 01/20/97 85.0 13.200 1,220.58
SBC50 10268005545 78,200.00 78,200.00 01/11/97 12/11/26 358.45 02/11/97 85.0 9.650 666.12
SBC50 10268005584 30,900.00 30,900.00 01/26/97 12/26/11 178.95 01/26/97 89.3 11.350 358.03
SBC50 10268005588 52,800.00 52,800.00 01/23/97 12/23/11 178.85 01/23/97 80.0 10.750 591.86
SBC50 10268005599 32,000.00 32,000.00 01/26/97 12/26/11 178.95 01/26/97 79.1 13.990 425.94
SBC50 10268005622 28,700.00 28,700.00 02/01/97 01/01/17 239.15 02/01/97 77.0 13.500 346.52
SBC50 10268005628 67,500.00 67,500.00 12/21/96 11/21/26 357.80 02/21/97 90.0 12.250 707.33
SBC50 10268005637 53,550.00 53,550.00 01/03/97 12/03/16 238.19 02/03/97 85.0 11.600 574.77
SBC50 10268005693 21,200.00 21,200.00 01/11/97 12/11/11 178.45 02/11/97 83.1 12.350 259.23
SBC50 10268005747 55,080.00 55,080.00 12/19/96 11/19/11 177.73 01/19/97 81.0 12.250 577.18
SBC50 10268005766 21,000.00 21,000.00 12/25/96 11/25/11 177.93 01/25/97 79.8 13.900 247.16
SBC50 10268005771 43,400.00 43,357.06 01/10/97 12/10/11 178.42 02/10/97 85.4 10.500 479.74
SBC50 10268005789 48,600.00 48,600.00 01/11/97 12/11/11 178.45 01/11/97 90.0 11.750 575.49
SBC50 10268005801 27,243.00 27,236.13 01/16/97 12/16/11 178.62 02/16/97 90.0 11.750 322.59
SBC50 10268005828 61,000.00 60,947.92 12/19/96 11/19/16 237.73 02/19/97 63.3 12.400 688.75
SBC50 10268005830 18,100.00 18,100.00 01/16/97 12/16/11 178.62 02/16/97 90.0 11.750 214.33
SBC50 10268005831 153,000.00 152,688.84 01/20/97 12/20/11 178.75 02/20/97 85.0 11.590 1,525.66
SBC50 10268005850 23,100.00 23,100.00 01/18/97 12/18/11 178.68 01/18/97 70.0 9.600 195.92
SBC50 10268005887 41,200.00 41,000.48 01/16/97 12/16/11 178.62 02/16/97 85.5 12.350 503.78
SBC50 10268005940 47,200.00 47,147.10 01/11/97 12/11/26 358.45 02/11/97 80.0 9.650 402.06
SBC50 10268005944 17,000.00 17,000.00 12/21/96 11/21/16 237.80 01/21/97 75.8 10.900 174.32
SBC50 10268005973 56,000.00 55,928.80 01/09/97 12/09/11 178.39 02/09/97 89.1 11.150 539.66
SBC50 10268005976 169,400.00 169,400.00 02/01/97 01/01/12 179.15 02/01/97 79.9 12.600 2,098.93
SBC50 10268006057 39,400.00 39,366.08 01/18/97 12/18/16 238.68 02/18/97 89.9 11.750 426.98
SBC50 10268006078 20,500.00 20,487.90 01/03/97 12/03/11 178.19 02/03/97 89.9 11.750 242.75
SBC50 10268006102 38,451.00 38,422.10 01/09/97 12/09/11 178.39 02/09/97 89.9 11.750 388.13
SBC50 10268006107 62,000.00 62,000.00 01/10/97 12/10/16 238.42 02/10/97 72.0 10.750 629.44
----------------------------------------- ---------- ------------------------------
102 6,763,712.00 6,754,490.92 213.49 78.0 11.586 71,137.88
</TABLE>
<PAGE>
Alliance Funding Company Page 7 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SBC52 10268000493 RITCHIE KEVIN J 85 87 DANIEL STREET EAST HAMPTON CT 06424
SBC52 10268001708 NELSON LAWRENCE L 7409 SETTING SUN WAY COLUMBIA MD 21046
SBC52 10268002859 BILLINGSLEY WILLIE JR 137 WEST FIFTH STREET HOWELL NJ 07731
SBC52 10268003844 STRATIGOS ANNA FORMONT 99 WOODLAND AVE ROCKVILLE CENTRE NY 11570
SBC52 10268004512 PATEL RAMESHCHANDRA 210 4TH ST PASSAIC NJ 07055
SBC52 10268004830 LESSNER LESLIE E 12112 BONITA AVE OWINGS MILLS MD 21117
SBC52 10268004857 LOGUE MICHAEL P 645 LATTINTOWN RD MARLBORO NY 12542
SBC52 10268005306 RAMOS MONSERRATE 278-282 SECOND AVE WEST NEWARK NJ 07104
SBC52 10268006065 FRANKLIN HOZIE LAMOR 991 SIMPSON STREET ATLANTA GA 30314
SBC52 10268006121 LUTE ROBERT L JR 706 WASHINGTON STREET WOODLAND WA 98674
SBC52 10268006122 SANTOS HENRY 509 ALBANY AVE LINDENHURST NY 11757
SBC52 10268006153 NAKAMINE LAURA L 13914 RAULERSON RD RIVERVIEW FL 33569
SBC52 10268006158 HOPE JAMES LEONARD 6990 GARLAND HWY CLINTON NC 28328
SBC52 10268006182 JONES WINIFRED O 817 WILDWOOD PKY BALTIMORE MD 21229
SBC52 10268006191 MAYBURY JAMES 40 LYME RD WEST NEWTON MA 02165
SBC52 10268006205 FUSCO CHRISTOPHER 247 SHOTWELL AVE STATEN ISLAND NY 10312
SBC52 10268006208 PUTNAM JUDITH R 9500 EAST EDEN ROAD EDEN NY 14057
SBC52 10268006239 HARMON ROSELLEN H 2998 HALLOWING POINT ROAD PRINCE FREDERICK MD 20678
SBC52 10268006243 STIELER GEORGE 206 EAST WARREN STREET DUNMORE PA 18512
SBC52 10268006257 BLAND FRANCES 518 SOUTH BEECHFIELD AVENUE BALTIMORE MD 21229
SBC52 10268006311 PUGLIESI BENEDICT 64 MADSEN AVE STATEN ISLAND NY 10309
SBC52 10268006345 GILLEY JOHN T JR 2334 RIDGEWAY AVE COLLEGE PARK GA 30337
SBC52 10268006355 CASULLA TOLEDO 864 MOUNTAIN RD CHESHIRE CT 06410
SBC52 10268006363 DION GREGORY F SR 957 DUPIN AVE PORT CHARLOTTE FL 33948
SBC52 10268006386 ASKINS WILLIAM 1629 MONTEREY DR CLEARWATER FL 34616
SBC52 10268006388 BLOK-ANDERSON KIM 3327 FOX LAKE DR LUTZ FL 33549
SBC52 10268006400 HUNT EUGENE 6715 SEAFORD DR FAYETTEVILLE NC 28314
SBC52 10268006435 BALLIET GREGORY S 405 ROUTE PA BOX 542 MUNCY PA 17756
SBC52 10268006462 KAUFMAN DANIEL 3 B WILLIAMSBURG COURT RIDGE NY 11961
SBC52 10268006485 WARD SHIRLEY 10 BASS CT OCEAN CITY NJ 08226
SBC52 10268006492 ASSATLY PATRICIA A 4 NANCY PL BRONXVILLE NY 10708
SBC52 10268006494 STOLTZFUS KERMIT A 540 WALNUT ST HONEY BROOK PA 19344
SBC52 10268006496 LIBBY KELLY WILLIAM 4411 WEST WALLACE STREET TAMPA FL 33611
SBC52 10268006521 SMITH ROBERTA L 309 EAST ST APT 1 PLAINVILLE CT 06062
SBC52 10268006525 FLEMMING CAROL A 7653 CYPRESS TRACE COURT NEW PORT RICHEY FL 34653
SBC52 10268006529 MONTGOMERY JOHN M 802 CHANNING PLACE ATLANTA GA 30318
SBC52 10268006600 HOFFNER STEVEN A 510 WOOD STREET PITCAIRN PA 15140
SBC52 10268006607 SCHROEDER PAMELA E 831 GULF ISLAND DRIVE APPOLLO BEACH FL 33572
SBC52 10268006649 THOMAS ALLEN D 500 S LAYTON AVE DUNN NC 28334
SBC52 10268006654 STILL LAURA H 6370 RIVER CHASE CIRCLE ATLANTA GA 30328
SBC52 10268006661 SCOFI KATHY DIANE 5342 DRIFT TIDE DR NEW PORT RICHEY FL 34652
SBC52 10268006696 STEELE CYNTHIA A 733 NEW JERSEY ST CLEARWATER FL 34616
SBC52 10268006705 POTOTSCHNIG HUBERT 173 RAILTREE HILL RD WOODBURY CT 06798
SBC52 10268006730 KABLE RONALD J 208 FREDERICK ST HIGHSPIRE PA 17034
SBC52 10268006758 MACCHIO FRANK C 150-30 12TH ROAD WHITESTONE NY 11357
SBC52 10268006764 WEST LARRY J 1 RR BOX 27A BUNN LEVEL NC 28323
SBC52 10268006796 ANTONUCCI ANTHONY A 54 ADMIRAL DEWEY AVENUE PITTSBURGH PA 15205
SBC52 10268006819 WAGNER ROSE ANNE 8813 53RD WAY NORTH PINELLAS PARK FL 34666
SBC52 10268006831 LYONS GARY 119 SELDON BOULEVARD CENTEREACH NY 11720
SBC52 10268006867 LOMBARDI DANIEL J JR 890 ACRI RD MECHANICSBURG PA 17055
SBC52 10268006898 GARCIA AMADO 9423 40TH ROAD ELMHURST NY 11373
SBC52 10268006916 BRITT JACKIE 1346 BEACON DR PORT CHARLOTTE FL 33952
SBC52 10268006928 THORPE EDWARD 3515 EAST EMMA ST TAMPA FL 33610
SBC52 10268006938 SHARKOWITZ CHARLOTTE 5 TODD CT HUNTINGTON STATION NY 11746
SBC52 10268006961 BAUMGARDNER STEVEN W 7126 DADE RD JACKSONVILLE FL 32254
SBC52 10268006971 SHAW WILLIAM 1330 WASHINGTON AVENUE CLEARWATER FL 34616
SBC52 10268006979 DAVIS DOUGLAS F 317 NASSAU CT MARCO ISLAND FL 34145
SBC52 10268006988 MARALDO FRANK M 475 CRESTVIEW DR PITTSBURGH PA 15239
SBC52 10268007047 RICKETTS VIOLET 3450 EDSON AVE BRONX NY 10469
SBC52 10268007060 WALLACE CAROLINE 696 BEAN HILL RD LANCASTER PA 17603
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBC52 10268000493 126,000.00 125,893.45 09/13/96 08/13/11 174.51 02/13/97 90.0 11.000 1,199.93
SBC52 10268001708 108,000.00 108,000.00 12/01/96 11/01/11 177.14 02/01/97 80.0 12.500 1,331.12
SBC52 10268002859 45,000.00 45,000.00 02/01/97 01/01/12 179.15 02/01/97 75.0 12.000 462.88
SBC52 10268003844 47,000.00 47,000.00 01/24/97 12/24/11 178.88 01/24/97 20.4 11.500 549.05
SBC52 10268004512 25,000.00 25,000.00 01/26/97 12/26/11 178.95 01/26/97 64.8 11.600 293.64
SBC52 10268004830 35,000.00 35,000.00 01/10/97 12/10/11 178.42 01/10/97 89.9 12.500 431.38
SBC52 10268004857 23,000.00 22,972.80 01/24/97 12/24/11 178.88 02/24/97 80.3 13.350 296.32
SBC52 10268005306 144,000.00 143,923.80 01/17/97 12/17/11 178.65 02/17/97 80.0 10.350 1,301.10
SBC52 10268006065 45,725.00 45,596.95 01/23/97 12/23/11 178.85 02/23/97 78.8 12.500 488.00
SBC52 10268006121 17,944.00 17,944.00 02/01/97 01/01/12 179.15 02/01/97 81.6 10.300 196.13
SBC52 10268006122 135,000.00 135,000.00 01/09/97 12/09/26 358.39 02/09/97 72.9 11.000 1,285.64
SBC52 10268006153 28,400.00 28,334.90 01/23/97 12/23/11 178.85 02/23/97 89.0 11.350 278.00
SBC52 10268006158 28,000.00 27,931.21 01/13/97 12/13/11 178.52 02/13/97 28.5 9.200 287.34
SBC52 10268006182 42,000.00 42,000.00 12/26/96 11/26/11 177.96 01/26/97 70.0 11.750 423.95
SBC52 10268006191 66,400.00 66,269.22 01/11/97 12/11/11 178.45 02/11/97 84.9 12.990 839.68
SBC52 10268006205 55,000.00 54,990.38 01/16/97 12/16/11 178.62 02/16/97 74.8 11.100 527.94
SBC52 10268006208 35,000.00 34,941.48 01/16/97 12/16/11 178.62 02/16/97 82.6 12.750 380.34
SBC52 10268006239 47,000.00 46,806.06 01/16/97 12/16/11 178.62 02/16/97 89.6 11.350 544.58
SBC52 10268006243 17,500.00 17,500.00 02/01/97 01/01/17 239.15 02/01/97 83.0 10.900 179.44
SBC52 10268006257 15,350.00 15,320.89 01/13/97 12/13/11 178.52 02/13/97 85.8 12.350 187.70
SBC52 10268006311 80,000.00 80,000.00 01/13/97 12/13/11 178.52 01/13/97 28.0 10.900 904.26
SBC52 10268006345 25,500.00 25,457.45 01/16/97 12/16/11 178.62 02/16/97 84.9 12.750 318.45
SBC52 10268006355 48,100.00 48,100.00 01/18/97 12/18/11 178.68 02/18/97 89.8 11.950 575.73
SBC52 10268006363 68,700.00 68,700.00 01/05/97 12/05/26 358.26 02/05/97 79.9 12.750 746.56
SBC52 10268006386 11,600.00 11,592.73 01/09/97 12/09/11 178.39 02/09/97 78.8 10.750 130.03
SBC52 10268006388 38,100.00 37,989.73 01/23/97 12/23/11 178.85 02/23/97 60.0 11.000 362.83
SBC52 10268006400 21,000.00 20,995.02 01/18/97 12/18/11 178.68 02/18/97 79.5 12.850 263.63
SBC52 10268006435 79,200.00 79,200.00 01/11/97 12/11/11 178.45 02/11/97 80.0 10.200 706.77
SBC52 10268006462 12,000.00 12,000.00 12/25/96 11/25/11 177.93 01/25/97 60.0 12.300 126.21
SBC52 10268006485 92,000.00 92,000.00 01/27/97 12/27/26 358.98 01/27/97 54.1 10.150 817.58
SBC52 10268006492 35,000.00 34,961.96 01/13/97 12/13/11 178.52 02/13/97 74.3 12.250 366.76
SBC52 10268006494 59,000.00 58,741.86 01/04/97 12/04/16 238.22 03/04/97 53.3 10.990 608.59
SBC52 10268006496 11,500.00 11,500.00 01/16/97 12/16/11 178.62 01/16/97 78.5 13.000 145.50
SBC52 10268006521 29,400.00 29,314.81 01/10/97 12/10/11 178.42 02/10/97 70.0 9.800 253.67
SBC52 10268006525 48,500.00 48,482.48 01/12/97 12/12/16 238.49 02/12/97 84.9 12.750 559.60
SBC52 10268006529 25,200.00 25,200.00 01/02/97 12/02/11 178.16 02/02/97 90.0 12.950 277.78
SBC52 10268006600 24,600.00 24,600.00 01/26/97 12/26/06 118.95 01/26/97 84.7 12.350 357.93
SBC52 10268006607 27,653.00 27,653.00 02/01/97 01/01/12 179.15 02/01/97 80.0 13.990 368.08
SBC52 10268006649 27,000.00 26,971.75 01/10/97 12/10/11 178.42 02/10/97 89.4 11.250 311.13
SBC52 10268006654 63,000.00 63,000.00 01/10/97 12/10/11 178.42 02/10/97 81.7 13.500 721.61
SBC52 10268006661 10,000.00 9,981.30 01/13/97 12/13/11 178.52 02/13/97 25.0 10.500 110.54
SBC52 10268006696 64,600.00 64,600.00 01/06/97 12/06/11 178.29 01/06/97 85.0 11.850 657.03
SBC52 10268006705 163,000.00 163,000.00 01/16/97 12/16/11 178.62 01/16/97 74.9 11.250 1,583.16
SBC52 10268006730 26,800.00 26,775.73 01/11/97 12/11/11 178.45 02/11/97 89.9 11.750 317.35
SBC52 10268006758 108,800.00 107,878.35 12/26/96 11/26/11 177.96 02/26/97 85.0 12.950 1,373.01
SBC52 10268006764 63,900.00 63,814.78 01/23/97 12/23/16 238.85 02/23/97 90.0 10.650 644.42
SBC52 10268006796 31,265.00 31,265.00 01/16/97 12/16/11 178.62 01/16/97 79.9 13.500 405.92
SBC52 10268006819 38,000.00 38,000.00 01/09/97 12/09/11 178.39 02/09/97 67.6 12.250 462.19
SBC52 10268006831 20,000.00 19,939.92 01/17/97 12/17/11 178.65 02/17/97 86.3 10.500 221.08
SBC52 10268006867 32,500.00 32,421.31 01/10/97 12/10/11 178.42 02/10/97 84.9 12.350 397.40
SBC52 10268006898 40,000.00 40,000.00 01/09/97 12/09/11 178.39 01/09/97 52.7 10.200 434.75
SBC52 10268006916 75,000.00 75,000.00 01/18/97 12/18/11 178.68 01/18/97 74.2 12.750 815.02
SBC52 10268006928 54,400.00 54,390.79 01/17/97 12/17/11 178.65 02/17/97 83.6 12.000 652.89
SBC52 10268006938 30,000.00 29,944.84 01/18/97 12/18/16 238.68 02/18/97 64.1 11.600 322.00
SBC52 10268006961 19,000.00 19,000.00 01/17/97 12/17/16 238.65 02/17/97 39.5 10.600 190.97
SBC52 10268006971 14,000.00 13,960.22 01/17/97 12/17/11 178.65 02/17/97 89.4 11.750 165.78
SBC52 10268006979 30,000.00 30,000.00 01/24/97 12/24/11 178.88 01/24/97 76.3 11.250 345.70
SBC52 10268006988 30,690.00 30,675.79 01/23/97 12/23/11 178.85 02/23/97 89.9 11.350 300.41
SBC52 10268007047 220,500.00 220,487.51 01/03/97 12/03/26 358.19 02/03/97 90.0 12.500 2,353.30
SBC52 10268007060 77,600.00 77,600.00 01/11/97 12/11/26 358.45 02/11/97 80.0 10.250 695.37
</TABLE>
<PAGE>
Alliance Funding Company Page 8 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SBC52 10268007074 LEHMAN META 1152 NEW BERLIN RD JACKSONVILLE FL 32218
SBC52 10268007081 SEMPREVIVO JOSEPH GLENN 2112 BIRCHCREFT DR FAYETTEVILLE NC 28304
SBC52 10268007082 STEELE JEFFREY L 5 CLAUDIA DR MILFORD CT 06460
SBC52 10268007102 CAMMARANO ANTHONY 6420 RIDGECREST STREET PORT RICHEY FL 34668
SBC52 10268007107 KARAS RICHARD J 321 OLD FARM RD FAYETTEVILLE NC 28314
SBC52 10268007118 WALTER PETER C 10332 GARDENIA LANE PORT RICHEY FL 34668
SBC52 10268007152 MENTO ROBERT J SR 1 CAMPBELL LANE KIMBERTON PA 19442
SBC52 10268007249 STOFFEY JOSEPH 747 OAK ST EYNON PA 18403
SBC52 10268007313 MILLER ROBERT C 67 TWIN LAKES RD SOUTH SALEM NY 10590
SBC52 10268007349 LACASSE JOSEPH 153 VALLY FORGE ROAD WESTON CT 06883
SBC52 10268007376 MAROON JEFFERY E 4936 22ND AVE SW NAPLES FL 34116
SBC52 10268007401 DAWKINS OWEN 3858 PAULDING AVENUE BRONX NY 10466
SBC52 10268007440 NIOSI PHILIP J 15 CRESTVIEW DRIVE REMSENBURG NY 11960
SBC52 10268007456 BEVEL CHARLES L 1927 WEST 30TH STREET JACKSONVILLE FL 32209
SBC52 10268007465 ROSE ROBERT E 24 JEREMY HILL RD STONINGTON CT 06378
SBC52 10268007534 GARCIA JULIA 114 SICKLES AVE NEW ROCHELLE NY 10801
SBC52 10268007606 ROSS NORMAN SR 3085 BENJAMIN E MAYS DR SW ATLANTA GA 30311
SBC52 10268007875 PINA JOSE A 31 VICTOR ST YONKERS NY 10701
SBC52 10268007946 KANDELL KARL A 2065 BUFORD DAM ROAD CUMMING GA 30131
SBC52 10268008042 HINSON WILLIAM MILTON 1809 CAMELOT DRIVE FAYETTEVILLE NC 28304
SBC52 10268008131 OSBORN RICHARD C 23 AUTUMN BREEZE ROAD ROXBURY NY 12474
SBC52 10268008271 WYATT WILLIAM J 395 ZEPHYR RD VENICE FL 34293
SBC52 10268008404 NAP MICHAEL J 6430 HARRISON ST NEW PORT RICHEY FL 34653
SBC52 10268008440 BERNSTROM MARK ALAN 8055 SYCAMORE DR NEW PORT RICHEY FL 34654
--------------------------------------------
84 Sale Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBC52 10268007074 28,500.00 28,500.00 01/18/97 12/18/11 178.68 01/18/97 57.0 11.500 332.93
SBC52 10268007081 15,700.00 15,700.00 01/11/97 12/11/16 238.45 02/11/97 90.0 12.350 176.72
SBC52 10268007082 55,000.00 55,000.00 01/17/97 12/17/11 178.65 01/17/97 89.9 11.950 658.32
SBC52 10268007102 15,000.00 15,000.00 01/23/97 12/23/11 178.85 01/23/97 79.4 12.500 184.88
SBC52 10268007107 20,000.00 20,000.00 01/19/97 12/19/11 178.72 01/19/97 78.5 13.450 259.00
SBC52 10268007118 20,150.00 20,150.00 01/16/97 12/16/11 178.62 02/16/97 89.9 11.750 238.60
SBC52 10268007152 70,000.00 69,880.33 01/09/97 12/09/11 178.39 02/09/97 78.6 14.700 965.37
SBC52 10268007249 30,900.00 30,900.00 01/23/97 12/23/11 178.85 01/23/97 79.8 13.500 401.18
SBC52 10268007313 55,000.00 54,845.94 01/16/97 12/16/11 178.62 02/16/97 17.7 11.990 659.74
SBC52 10268007349 225,000.00 225,000.00 01/26/97 12/26/11 178.95 01/26/97 58.8 11.950 2,305.72
SBC52 10268007376 19,000.00 18,977.96 01/13/97 12/13/11 178.52 02/13/97 79.5 13.500 246.68
SBC52 10268007401 117,000.00 117,000.00 01/12/97 12/12/11 178.49 01/12/97 90.0 12.350 1,235.09
SBC52 10268007440 43,000.00 43,000.00 01/20/97 12/20/11 178.75 01/20/97 89.8 11.950 440.65
SBC52 10268007456 12,000.00 12,000.00 01/16/97 12/16/11 178.62 02/16/97 67.3 11.850 142.86
SBC52 10268007465 24,000.00 24,000.00 01/16/97 12/16/11 178.62 01/16/97 89.9 11.950 287.27
SBC52 10268007534 30,000.00 30,000.00 01/13/97 12/13/11 178.52 02/13/97 48.0 12.850 328.35
SBC52 10268007606 136,000.00 135,809.63 01/24/97 12/24/11 178.88 02/24/97 90.0 10.100 1,469.79
SBC52 10268007875 135,000.00 135,000.00 01/10/97 12/10/11 178.42 02/10/97 90.0 12.350 1,425.10
SBC52 10268007946 33,000.00 33,000.00 01/11/97 12/11/11 178.45 02/11/97 80.0 13.000 417.53
SBC52 10268008042 42,700.00 42,700.00 01/23/97 12/23/06 118.85 01/23/97 70.0 9.500 552.53
SBC52 10268008131 78,000.00 78,000.00 01/17/97 12/17/11 178.65 01/17/97 60.0 11.000 742.81
SBC52 10268008271 48,000.00 47,790.50 01/27/97 12/27/11 178.98 02/27/97 80.0 9.600 504.13
SBC52 10268008404 30,000.00 30,000.00 02/01/97 01/01/12 179.15 02/01/97 75.0 10.750 336.28
SBC52 10268008440 22,000.00 21,976.16 01/23/97 12/23/11 178.85 02/23/97 85.0 10.250 239.79
----------------------------------------- ---------- ------------------------------
84 4,368,377.00 4,364,851.99 205.48 75.8 11.711 47,406.47
</TABLE>
<PAGE>
Alliance Funding Company Page 9 1/28/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 3rd Subsequent Transfer of Fixed Rate Mortgages -
Settlement 1/28/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SBCL11 10266131005 CUNNINGHAM CLARIS 32 WEST 131ST STREET NEW YORK NY 10037
SBCL11 10266131642 FUTIA THOMAS 734 BLOOMINGROVE DRIVE RENNSELAER NY 12144
SBCL11 10266131993 CASTE HOLDING COMPANY INC 145-91 GUY R BREWER BOULEVARD JAMAICA NY 11434
SBCL11 10266138090 HODGES GEORGE 2200-02 E 93RD CHICAGO IL 60617
SBCL11 10266138273 HYNEY MACNAIR 14 CENTER STREET FORT PLAIN NY 13339
SBCL11 10266139330 LAUR 605 HUDSON LTD(ALAIN 605 HUDSON STREET NEW YORK NY 10014
SBCL11 10266139532 SHUFFORD ANDREW 980 BERGEN STREET BROOKLYN NY 11216
--------------------------------------------
7 Sale Total
357 Total with Superior Bank
357 Grand Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBCL11 10266131005 200,000.00 199,156.55 11/01/96 10/01/11 176.12 01/01/97 66.6 11.500 2,336.38
SBCL11 10266131642 160,000.00 160,000.00 01/01/97 12/01/11 178.13 01/01/97 69.5 13.240 2,049.72
SBCL11 10266131993 223,500.00 223,500.00 02/01/97 01/01/12 179.15 02/01/97 51.9 13.700 2,931.53
SBCL11 10266138090 80,000.00 79,844.37 01/01/97 12/01/11 178.13 02/01/97 51.6 12.300 975.63
SBCL11 10266138273 125,000.00 125,000.00 02/01/97 06/01/10 160.15 02/01/97 58.6 11.500 1,526.66
SBCL11 10266139330 700,000.00 700,000.00 02/01/97 01/01/12 179.15 02/01/97 63.6 11.250 8,066.41
SBCL11 10266139532 200,000.00 200,000.00 02/01/97 01/01/12 179.15 02/01/97 48.7 13.200 2,556.86
----------------------------------------- ---------- ------------------------------
7 1,688,500.00 1,687,500.92 177.24 60.3 12.092 20,443.19
357 20,531,757.00 20,513,720.65 214.98 76.5 11.741 221,729.29
357 20,531,757.00 20,513,720.65 214.98 76.5 11.741 221,729.29
</TABLE>
SUBSEQUENT TRANSFER INSTRUMENT NUMBER FOUR
Pursuant to this Subsequent Transfer Instrument (the "Instrument"),
dated February 5, 1997, between Superior Bank FSB, as seller (the "Depositor"),
and LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of December 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
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").
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 Loans, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage
Loans after the related Subsequent Cut-Off Date, and all items with respect to
the Subsequent Mortgage Loans 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
Loans 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 Loans 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 Loans, 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 Loans 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 Bracken
-------------------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1996-4
By: LASALLE NATIONAL BANK,
as Trustee
By:/s/ Cynthia Reis
-------------------------------
Name: Cynthia Reis
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 1996-4
ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
NUMBER FOUR FOR SUB-POOL 1
Series 1996-4
February 5, 1997
A.
1. Subsequent Cut-off Date: February 4, 1997
2. Pricing Date:
3. Subsequent Transfer Date: February 5, 1997
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $3,955,699.82
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: 9.55%
4. Greatest Combined Loan-to-Value Ratio: 90.00%
5. Largest Principal Balance $525,000.00
[As to the final transfer of Subsequent Mortgage Loans:]
6. Weighted Average Term since Origination: ____ months
7. January 1997 first payment date: ____
8. WAC of all Mortgage Loans: ________%
9. WAM of all Mortgage Loans: ______ months
10. Maximum Weighted average CLTV: _____%
11. Balloon Loans: _____%
12. Largest Principal Balance: $__________
13. Non-owner occupied Mortgaged Properties: ____%
14. Maximum zip code concentration: ____%
15. Condominiums: ____%
16. Single-family: _____%
17. Multifamily and Mixed Use Properties: ____%
4
<PAGE>
ADDITION NOTICE
Date: February 5, 1997
LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603
Re: Pooling and Servicing Agreement, dated as of December 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 1996-4
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 Loans to be sold
to the Trust Fund on February 5, 1997, with an aggregate principal balance of
$4,000,000.00*. 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 Soricelli
--------------------------
Name: John A. Soricelli
Title: Vice President
ACKNOWLEDGED AND AGREED:
LASALLE NATIONAL BANK
By:/s/ Cynthia Reis
---------------------
Name: Cynthia Reis
Title: Vice President
Date: February 5, 1997
<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 December 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: February 5, 1997 By:/s/ William Bracken
-------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
<PAGE>
Alliance Funding Company Page 1 2/5/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages -
Settlement 2/5/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SB53 10266134742 GIANFRANCESCO BRIAN N 11079 SHEFFIELD RD SPRINGHILL FL 34609
SB53 10266134862 LOY JAMES W JR 15215 COMUS ROAD CLARKSBURG MD 20871
SB53 10266134975 FOLEY EDWARD A 1240 DAHLIA RD WARMINSTER PA 18974
SB53 10266135121 MILLER DAVID 4704 N 10TH STREET TAMPA FL 33603
SB53 10266135951 HEFFRON MICHAEL 579 EAST 900 NORTH WESTVILLE IN 46391
SB53 10266136430 MANDERLE BRUCE L 916 MICHIGAN AVENUE NORTH FOND DU LAC WI 54937
SB53 10266136527 MEISTER MICHAEL G 427 PORTER STREET, N.E. WARREN OH 44483
SB53 10266137797 HAWKINS FLORENCE 7817 S CONSTANCE CHICAGO IL 60649
SB53 10266138508 GEIGENBERGER ALBERT R 116 AVENUE B HOLBROOK NY 11741
SB53 10266138868 SCHUBERT BRETT 1248 S HIATT STREET INDIANAPOLIS IN 46221
SB53 10266139237 GORDON SALLY M 4850 W. OLIVER ST. INDIANAPOLIS IN 46241
SB53 10266139561 VINBERG PAUL 326 CYPRESS STREET MASSAPEQUA PARK NY 11762
SB53 10266139905 CHESWORTH PHIL D 728 WEST 1720 NORTH #134 PROVO UT 84604
SB53 10266140129 PIERCE PEGGY 1024 JEAN AVENUE AKRON OH 44310
SB53 10266140560 BRETT ROBERT E 1964 NORTH 500 WEST CENTERVILLE UT 84014
-----------------------------------------
15 Sale Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SB53 10266134742 41,000.00 40,905.62 11/28/96 10/28/11 176.75 01/28/97 74.8 13.500 532.31
SB53 10266134862 85,000.00 84,990.92 12/06/96 11/06/16 237.04 02/06/97 79.0 10.400 842.92
SB53 10266134975 30,000.00 30,000.00 12/18/96 11/18/11 177.44 02/18/97 90.0 11.550 298.23
SB53 10266135121 12,000.00 12,000.00 12/06/96 11/06/11 177.04 01/06/97 63.9 12.500 147.90
SB53 10266135951 30,000.00 30,000.00 01/20/97 12/20/11 178.49 02/20/97 29.4 12.000 360.05
SB53 10266136430 25,100.00 24,811.02 01/24/97 12/24/11 178.62 03/24/97 50.2 12.000 301.24
SB53 10266136527 34,000.00 34,000.00 01/19/97 12/19/16 238.45 02/19/97 85.0 10.000 328.11
SB53 10266137797 55,000.00 55,000.00 02/01/97 01/01/12 178.88 02/01/97 45.8 11.500 642.50
SB53 10266138508 18,488.00 18,488.00 01/09/97 12/09/06 118.13 01/09/97 90.0 11.700 262.05
SB53 10266138868 30,100.00 30,082.58 12/27/96 11/27/26 357.73 02/27/97 70.0 10.000 264.15
SB53 10266139237 53,900.00 53,660.82 01/11/97 12/11/11 178.19 02/11/97 70.0 10.750 604.19
SB53 10266139561 30,000.00 30,000.00 01/09/97 12/09/06 118.13 01/09/97 84.3 12.250 434.76
SB53 10266139905 66,300.00 66,190.85 02/01/97 01/01/27 358.88 03/01/97 65.0 9.600 562.33
SB53 10266140129 69,300.00 69,300.00 01/27/97 12/27/26 358.72 02/27/97 90.0 11.500 686.27
SB53 10266140560 45,100.00 45,030.14 01/24/97 12/24/11 178.62 02/24/97 84.8 13.350 581.05
---------------------------------------- ---------- ------------------------------
15 625,288.00 624,459.95 232.62 72.4 11.302 6,848.06
</TABLE>
<PAGE>
Alliance Funding Company Page 2 2/5/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages -
Settlement 2/5/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SBC54 10268000805 BOWERS MARIA 421 JANSEN STREET STATEN ISLAND NY 10312
SBC54 10268000958 RUBINCHIK HEATHER 1830 NORTHWEST 103 AVENUE PLANTATION FL 33322
SBC54 10268001129 PASIECZNIK WILLIAM J 489 MOUNTAINVIEW AVENUE STATEN ISLAND NY 10314
SBC54 10268002721 JEHN DONALD W 4540 HEMLOCK CONE WAY ELLICOTT CITY MD 21042
SBC54 10268002755 HAGGERTY MICHAEL P 31 WILDWOOD RD WADING RIVER NY 11792
SBC54 10268003126 CANNON DEBORAH R 1519 CHILWORTH AVE MIDDLE RIVER MD 21220
SBC54 10268003294 ROBLES GILBERTO 140 BAY 54 ST BROOKLYN NY 11214
SBC54 10268003322 POTTER JAMES F 100 GINGERGATE CT ALPHARETTA GA 30202
SBC54 10268003423 MELNIKOV ANDRE 25 HIDDEN GLEN LN MONSEY NY 10952
SBC54 10268003875 MCKINLEY DOUG 857 CATALPA DR FRANKLIN SQUARE NY 11010
SBC54 10268004322 SAETRAN AMY 50 WENDY DR FARMINGVILLE NY 11738
SBC54 10268005002 WYLES WILLIAM G 8410 DUNBAR AVENUE LANDOVER MD 20785
SBC54 10268005137 SAMOT RAYMOND 27 MONTAUK BOULEVARD EAST HAMPTON NY 11937
SBC54 10268005408 CUSICK JAMES P 1320 E 98TH STREET BROOKLYN NY 11236
SBC54 10268005440 HEINTZ MARY E 935 NORTH BOUNDARY ROAD ENGLEWOOD FL 34223
SBC54 10268006024 MEMOLA JAMES 126 TIMBER DR CALVERTON NY 11933
SBC54 10268006466 LONG CATHERINE M 6421 KANSAS AVE NE WASHINGTON DC 20012
SBC54 10268006983 TAIMA DOROTHY M 6808 BROYHILL ST MC LEAN VA 22101
SBC54 10268007143 OCHLAN CHRISTOPHER 113 GRISSOM WAY HAUPPAUGE NY 11788
SBC54 10268007208 RANSBOTTOM TERRY G 561 KEENE RD LARGO FL 33771
SBC54 10268007278 CLARK BERNICE ROUTE 4, BOX 175 QUINCY FL 32351
SBC54 10268007294 VILLA DAISY C 72 WINDSOR PL BROOKLYN NY 11215
SBC54 10268007344 PAGLEY DOROTHY 510 EAST WINTER AVENUE NEW CASTLE PA 16105
SBC54 10268007347 DABRUZZO VERONICA SUSAN 618 MORE AVENUE CANONSBURG PA 15317
SBC54 10268007666 CRAIG STEVEN 4171 SETON CIR PALM HARBOR FL 34683
SBC54 10268007668 LOFGREN ANNA 1532 WEST CUMBERLAND COURT PALM HARBOR FL 34683
SBC54 10268007862 HAGIS STEVE A 8242 SILVER RUN CT PASADENA MD 21122
SBC54 10268007902 HORST CAROL M 101 GINGRICH DRIVE LITITZ PA 17543
SBC54 10268007912 COOPER S JAMES 455 OAK POINT RD OSPREY FL 34229
SBC54 10268007918 BERNHART SARAH JANE 1221 NORTH 71ST TERRACE HOLLYWOOD FL 33024
SBC54 10268007962 CHUNG SUNG 20732 27TH AVE FLUSHING NY 11360
SBC54 10268007983 PATTERSON DIANE 98 ORANGE PARK BLVD LAKE WALES FL 33853
SBC54 10268008012 TASLEY TAMA 1631 BONITA LN SARASOTA FL 34239
SBC54 10268008045 TSAGARIS PATRICIA 1295 HILL DR LARGO FL 33770
SBC54 10268008172 LYONS ROBERT 15 3RD AVE WESTBURY NY 11590
SBC54 10268008191 DAVID FLO 1358 CRESTWOOD ST JACKSONVILLE FL 32208
SBC54 10268008194 DAVID MELISSA S 415 E 45TH ST JACKSONVILLE FL 32208
SBC54 10268008276 BRADFORD SAM J 3405 SE 4TH PL CAPE CORAL FL 33904
SBC54 10268008384 MANTILLA GLENDYS 115 SOUTH LAKE AVE CLEARWATER FL 34615
SBC54 10268008520 YARBOROUGH BESSIE G 1104 BERRY ST GOLDSBORO NC 27530
SBC54 10268008530 FRANCOEUR ROBERT L 3694 WOODRIDGE PL PALM HARBOR FL 34684
SBC54 10268008552 MILLS SHERRY 4701 VICTORIA RD LAND O LAKES FL 34639
SBC54 10268008580 GABLER EDWARD C RD 2 ROAD BOX 73B LIGONIER PA 15658
SBC54 10268008651 NINE MICHAEL 473 RIDGE ST NW WASHINGTON DC 20001
-----------------------------------------
44 Sale Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBC54 10268000805 57,600.00 57,600.00 12/08/96 11/08/11 177.11 01/08/97 79.9 13.950 680.21
SBC54 10268000958 48,000.00 47,981.17 11/01/96 10/01/11 175.86 02/01/97 84.4 13.700 557.36
SBC54 10268001129 100,000.00 100,000.00 12/18/96 11/18/11 177.44 02/18/97 47.8 12.450 1,063.38
SBC54 10268002721 30,000.00 29,638.81 11/24/96 10/24/06 116.61 02/24/97 90.0 11.550 422.64
SBC54 10268002755 90,000.00 90,000.00 01/19/97 12/19/11 178.45 01/19/97 90.0 11.050 860.49
SBC54 10268003126 22,313.00 22,274.32 11/18/96 10/18/11 176.42 01/18/97 80.0 13.500 289.69
SBC54 10268003294 66,000.00 66,000.00 11/17/96 10/17/11 176.38 01/17/97 84.9 13.350 850.32
SBC54 10268003322 49,200.00 49,200.00 12/06/96 11/06/11 177.04 02/06/97 80.9 13.750 573.24
SBC54 10268003423 21,400.00 21,385.22 12/20/96 11/20/16 237.50 02/20/97 89.4 11.950 234.89
SBC54 10268003875 28,000.00 27,865.13 12/25/96 11/25/11 177.67 02/25/97 80.9 13.750 368.20
SBC54 10268004322 37,000.00 36,970.68 01/16/97 12/16/11 178.36 02/16/97 29.6 9.550 387.48
SBC54 10268005002 52,000.00 51,568.13 01/02/97 12/02/06 117.90 03/02/97 87.7 10.990 716.01
SBC54 10268005137 132,000.00 132,000.00 12/25/96 11/25/11 177.67 01/25/97 77.3 13.100 1,470.51
SBC54 10268005408 59,400.00 59,263.46 01/11/97 12/11/11 178.19 02/11/97 89.8 11.150 680.74
SBC54 10268005440 70,450.00 70,299.31 01/16/97 12/16/11 178.36 02/16/97 61.2 10.500 778.75
SBC54 10268006024 20,100.00 20,088.44 01/19/97 12/19/11 178.45 02/19/97 90.0 11.750 238.01
SBC54 10268006466 50,000.00 50,000.00 02/01/97 01/01/12 178.88 03/01/97 90.0 11.350 489.43
SBC54 10268006983 40,000.00 40,000.00 02/01/97 01/01/12 178.88 02/01/97 42.7 10.850 376.40
SBC54 10268007143 170,000.00 169,876.01 02/01/97 01/01/17 238.88 03/01/97 80.6 10.750 1,725.89
SBC54 10268007208 30,000.00 29,636.25 01/16/97 12/16/11 178.36 03/16/97 84.9 12.750 374.65
SBC54 10268007278 36,800.00 36,800.00 01/20/97 12/20/16 238.49 02/20/97 80.0 13.250 437.71
SBC54 10268007294 30,000.00 29,747.14 01/26/97 12/26/11 178.68 02/26/97 83.9 10.990 340.79
SBC54 10268007344 17,428.00 17,366.41 01/23/97 12/23/06 118.59 02/23/97 57.1 9.600 226.47
SBC54 10268007347 93,500.00 93,441.40 01/23/97 12/23/11 178.59 02/23/97 88.2 12.250 979.78
SBC54 10268007666 21,750.00 21,750.00 02/01/97 01/01/17 238.88 02/01/97 85.3 12.150 241.76
SBC54 10268007668 48,800.00 48,794.98 01/17/97 12/17/11 178.39 02/17/97 84.7 11.950 500.09
SBC54 10268007862 123,600.00 123,600.00 01/26/97 12/26/26 358.68 01/26/97 60.0 10.000 1,084.68
SBC54 10268007902 35,000.00 35,000.00 01/24/97 12/24/11 178.62 01/24/97 89.3 11.350 405.53
SBC54 10268007912 48,250.00 48,250.00 01/18/97 12/18/16 238.42 02/18/97 89.6 11.550 516.22
SBC54 10268007918 55,000.00 55,000.00 02/01/97 01/01/27 358.88 02/01/97 74.3 10.850 517.55
SBC54 10268007962 81,700.00 81,700.00 02/01/97 01/01/12 178.88 02/01/97 84.9 12.500 1,006.97
SBC54 10268007983 29,500.00 29,500.00 01/24/97 12/24/11 178.62 02/24/97 59.0 14.000 349.54
SBC54 10268008012 20,000.00 19,922.56 01/18/97 12/18/16 238.42 02/18/97 77.1 9.900 191.68
SBC54 10268008045 22,300.00 22,300.00 02/01/97 01/01/12 178.88 02/01/97 84.9 12.750 278.49
SBC54 10268008172 95,000.00 94,428.81 01/26/97 12/26/26 358.68 02/26/97 67.8 12.000 977.18
SBC54 10268008191 24,500.00 24,500.00 02/01/97 01/01/12 178.88 02/01/97 46.2 11.500 286.21
SBC54 10268008194 20,000.00 20,000.00 02/01/97 01/01/12 178.88 02/01/97 50.0 11.750 236.83
SBC54 10268008276 36,250.00 36,250.00 01/23/97 12/23/11 178.59 01/23/97 85.0 12.750 452.70
SBC54 10268008384 26,660.00 26,660.00 02/01/97 01/01/12 178.88 02/01/97 84.9 12.750 332.94
SBC54 10268008520 59,500.00 59,500.00 01/26/97 12/26/11 178.68 01/26/97 85.0 10.000 522.15
SBC54 10268008530 50,000.00 50,000.00 02/01/97 01/01/12 178.88 02/01/97 76.0 10.300 546.52
SBC54 10268008552 16,400.00 16,347.76 02/01/97 01/01/12 178.88 03/01/97 89.9 11.550 192.10
SBC54 10268008580 44,000.00 44,000.00 02/01/97 01/01/17 238.88 02/01/97 80.0 12.600 503.01
SBC54 10268008651 100,000.00 100,000.00 01/26/97 12/26/26 358.68 02/26/97 76.6 12.650 1,078.91
---------------------------------------- ---------- ------------------------------
44 2,309,401.00 2,306,505.99 214.23 76.5 11.826 25,344.10
</TABLE>
<PAGE>
Alliance Funding Company Page 3 2/5/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages -
Settlement 2/5/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SBCL12 10266135108 MUIS REALTY CORP 85 MULBERRY STREET NEW YORK NY 10013
SBCL12 10266136959 INC ALLEN DRIVE REALTY 17 19 21 22 23 24 26 28 ALLEN SARATOGA SPRINGS NY 12170
-----------------------------------------
2 Sale Total
61 Total with Superior Bank
61 Grand Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBCL12 10266135108 525,000.00 525,000.00 02/01/97 01/01/12 178.88 02/01/97 65.8 11.990 5,525.55
SBCL12 10266136959 500,000.00 499,733.88 02/01/97 01/01/12 178.88 03/01/97 50.0 12.000 5,266.12
---------------------------------------- ---------- ------------------------------
2 1,025,000.00 1,024,733.88 178.88 58.1 11.995 10,791.67
61 3,959,689.00 3,955,699.82 207.98 71.1 11.787 42,983.83
61 3,959,689.00 3,955,699.82 207.98 71.1 11.787 42,983.83
</TABLE>
SUBSEQUENT TRANSFER INSTRUMENT NUMBER FIVE
Pursuant to this Subsequent Transfer Instrument (the "Instrument"),
dated February 7, 1997, between Superior Bank FSB, as seller (the "Depositor"),
and LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of December 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
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").
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 Loans, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage
Loans after the related Subsequent Cut-Off Date, and all items with respect to
the Subsequent Mortgage Loans 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
Loans 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 Loans 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 Loans, 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 Loans 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 Bracken
------------------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1996-4
By: LASALLE NATIONAL BANK,
as Trustee
By:/s/ Shashank Mishra
------------------------------
Name: Shashank Mishra
Title: First 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 1996-4
ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
NUMBER FIVE FOR SUB-POOL 1
Series 1996-4
February 7, 1997
A.
1. Subsequent Cut-off Date: February 6, 1997
2. Pricing Date:
3. Subsequent Transfer Date: February 7, 1997
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $203,790.76
5. Purchase Price: 100.00%
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Shortest original term to maturity: 240 months
2. Longest original term to maturity: 360 months
3. Lowest Mortgage Rate: 9.35%
4. Greatest Combined Loan-to-Value Ratio: 89.80%
5. Largest Principal Balance $67,975.76
[As to the final transfer of Subsequent Mortgage Loans:]
6. Weighted Average Term since Origination: 1.53 months
7. April 1997 first payment date: -0-
8. WAC of all Mortgage Loans: 11.70603%
9. WAM of all Mortgage Loans: 213.26 months
10. Maximum Weighted average CLTV: 77.02%
11. Balloon Loans: 44.21%
12. Largest Principal Balance: $730,000.00
13. Non-owner occupied Mortgaged Properties: 7.13%
14. Maximum zip code concentration: 0.63%
15. Condominiums: 1.03%
16. Single-family: 81.32%
17. Multifamily and Mixed Use Properties: 5.62%
4
<PAGE>
ADDITION NOTICE
Date: February 7, 1997
LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603
Re: Pooling and Servicing Agreement, dated as of December 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 1996-4
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 Loans to be sold
to the Trust Fund on February 7, 1997, with an aggregate principal balance of
$203,000.00*. 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 Soricelli
--------------------------
Name: John A. Soricelli
Title: Vice President
ACKNOWLEDGED AND AGREED:
LASALLE NATIONAL BANK
By:/s/ Shashank Mishra
------------------------
Name: Shashank Mishra
Title: First Vice President
Date: February 7, 1997
<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 December 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: February 7, 1997 By:/s/ William Bracken
-------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
<PAGE>
Alliance Funding Company Page 1 2/7/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 5th Subsequent Transfer of Fixed Rate Mortgages -
Settlement 2/7/97
<TABLE>
<CAPTION>
Zip
Sale ID Account Name Address City State Code
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SB55 10266137124 VOGT ANGELA 2910 ALVARADO SQUARE BALTIMORE MD 21234
SB55 10266139579 ANTONOSANTI STEPHEN M 562 VINCENT BOULEVARD ALLIANCE OH 44601
SB55 10266139873 AHLSTEDT JAMES L 3618 74TH ST. MOLINE IL 61265
--------------------------------------------
3 Sale Total
3 Total with Superior Bank
3 Grand Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SB55 10266137124 67,915.00 67,915.00 12/20/96 11/20/26 357.44 02/20/97 85.0 10.850 639.08
SB55 10266139579 67,900.00 67,900.00 01/23/97 12/23/16 238.52 02/23/97 70.0 9.350 626.28
SB55 10266139873 68,100.00 67,975.76 02/01/97 01/01/17 238.82 03/01/97 89.8 11.750 738.00
---------------------------------------- ---------- -----------------------------
3 203,915.00 203,790.76 278.25 81.6 10.650 2,003.36
3 203,915.00 203,790.76 278.25 81.6 10.650 2,003.36
3 203,915.00 203,790.76 278.25 81.6 10.650 2,003.36
</TABLE>
