SUPERIOR BANK FSB
8-K, 1997-04-22
ASSET-BACKED SECURITIES
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- --------------------------------------------------------------------------------


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 17, 1997

SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of March 1, 1997, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1997-1)

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

        United States                 333-24185                 36-1414142
- ----------------------------         -----------          ----------------------
(State or Other Jurisdiction         (Commission             (I.R.S. Employer
of Incorporation)                    File Number)         Identification Number)
                                                    
One Lincoln Centre
Oakbrook Terrace, Illinois                                60181
- --------------------------                              ----------
(Address of Principal                                   (Zip Code)
Executive Offices)

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

- --------------------------------------------------------------------------------
<PAGE>


                                       -2-

Item 2. Acquisition or Disposition of Assets

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

     On March 20, 1997, a single series of certificates, entitled AFC Mortgage
Loan Asset Backed Certificates, Series 1997-1 (the "Certificates") were issued
pursuant to a pooling and servicing agreement (the "Agreement"), dated as of
March 1, 1997, 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 March 27, 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 $17,553,283.92 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, and $23,921,740.90
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 March 27, 1997,
between the Depositor and the Trustee.

     On April 17, 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 $15,588,861.57 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, and $26,576,575.34
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 April 17, 1997,
between the Depositor and the Trustee (the "April 17 Instrument"). Attached to
the April 17 Instrument is the Mortgage Loan Schedule with respect to each
Sub-Pool listing the related Subsequent Mortgage Loans that are the subject of
such April 17 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 April 17, 1997, between Superior
Bank FSB as Depositor and LaSalle National Bank as Trustee.
<PAGE>


                                       -3-

                                   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:  April 17, 1997
<PAGE>


                                 EXHIBITS TABLE

     4.3 Subsequent Transfer Instrument, dated April 17, 1997, between Superior
Bank FSB as Depositor and LaSalle National Bank as Trustee.


                   SUBSEQUENT TRANSFER INSTRUMENT NUMBER TWO

               Pursuant to this Subsequent Transfer Instrument (the
"Instrument"), dated April 17, 1997, between Superior Bank FSB, as seller (the
"Depositor"), and LaSalle National Bank, as Trustee of the AFC Mortgage Loan
Asset Backed Certificates, Series 1997-1, as purchaser (the "Trustee"), and
pursuant to the Pooling and Servicing Agreement, dated as of March 1, 1997,
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 C. Bracken
                                                 ------------------------------
                                              Name:    William C. Bracken
                                              Title:   Senior Vice President and

                                              Chief Financial Officer

                                              AFC MORTGAGE LOAN ASSET
                                              BACKED CERTIFICATES, SERIES 1997-1

                                              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 1997-1
                 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT

                            NUMBER TWO FOR SUB-POOL 1
                                  Series 1997-1

                                 April 17, 1997
<TABLE>
<S>     <C>    <C>                                                              <C>
A.

        1.     Subsequent Cut-off Date:                                         April 16, 1997
        2.     Pricing Date:
        3.     Subsequent Transfer Date:                                        April 17, 1997
        4.     Aggregate Principal Balance of the Subsequent
               Mortgage Loans as of the Subsequent Cut-off Date:                $15,588,861.57
        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:                                            9.60%
        4.     Greatest Combined Loan-to-Value Ratio:                           90.00%
        5.     Largest Principal Balance                                        $650,000.00

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

        6.     Weighted Average Term since Origination:                         1.14 months
        7.     July 1997 first payment date:                                    -0-
        8.     WAC of all Mortgage Loans:                                       11.7754%
        9.     WAM of all Mortgage Loans:                                       212.94 months
        10.    Maximum Weighted average CLTV:                                   77.06%
        11.    Balloon Loans:                                                   43.70%
        12.    Largest Principal Balance:                                       $650,000.00
        13.    Non-owner occupied Mortgaged Properties:                         7.62%
        14.    Maximum zip code concentration:                                  0.96%
        15.    Condominiums:                                                    0.51%
        16.    Single-family:                                                   82.92%
        17.    Multifamily and Mixed Use Properties:                            6.99%
</TABLE>


                                       4
<PAGE>
               AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1997-1
                        ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT

                                   NUMBER TWO FOR SUB-POOL 2
                                         Series 1997-1

                                        April 17, 1997
<TABLE>
<S>     <C>    <C>                                                              <C>    
A.

        1.     Subsequent Cut-off Date:                                         April 16, 1997
        2.     Pricing Date:
        3.     Subsequent Transfer Date:                                        April 17, 1997
        4.     Aggregate Principal Balance of the Subsequent
               Mortgage Loans as of the Subsequent Cut-off Date:                $26,576,575.34
        5.     Purchase Price:                                                  100.00%

B.

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

        1.     Shortest original term to maturity:                              360 months
        2.     Longest original term to maturity:                               360 months
        3.     Lowest Mortgage Rate:                                            3.75%
        4.     Greatest Combined Loan-to-Value Ratio:                           90.00%
        5.     Largest Principal Balance                                        $799,000.00

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

        6.     Weighted Average Term since Origination:                         1.00 months
        7.     July 1997 first payment date:                                    -0-
        8.     WAC of all Mortgage Loans:                                       6.1288%
        9.     WA Gross Margin:                                                 10.2784
        10.    WAM of all Mortgage Loans:                                       358.89 months
        11.    Maximum Weighted average CLTV:                                   79.80%
        12.    Largest Principal Balance:                                       $799,000.00
        13.    Non-owner occupied Mortgaged Properties:                         3.54
        14.    Maximum zip code concentration:                                  2.47
        15.    Condominiums:                                                    0.53
        16.    Single-family:                                                   87.28
        17.    Multifamily and Mixed Use Properties:                            -0-
</TABLE>


                                       5
<PAGE>
                                 

                                ADDITION NOTICE

                                                   Date:  April 17, 1997

LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603

               Re:    Pooling and Servicing Agreement, dated as of March 1,
                      1997, 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 1997-1 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 April 17, 1997, with an aggregate principal
balance of $15,594,213.68*. Capitalized terms not otherwise defined herein have
the meaning set forth in the Pooling and Servicing Agreement.

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

                                                      Very truly yours,

*Approximate

                                                      SUPERIOR BANK FSB

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

ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By:     /s/ Shashank Mishra
Name:   Shashank Mishra
- -----------------------------
Title:  First Vice President
Date:   April 17, 1997
<PAGE>
                                 

                                ADDITION NOTICE

                                                   Date:  April 17, 1997

LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603

               Re:    Pooling and Servicing Agreement, dated as of March 1,
                      1997, 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 1997-1 Sub-Pool 2
                      --------------------------------------------------------

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 April 17, 1997, with an aggregate principal
balance of $26,592,630.25*. Capitalized terms not otherwise defined herein have
the meaning set forth in the Pooling and Servicing Agreement.

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

                                                      Very truly yours,

*Approximate

                                                      SUPERIOR BANK FSB

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

ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By:     /s/ Shashank Mishra
       -----------------------
Name:   Shashank Mishra
Title:  First Vice President
Date:   April 17, 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 March 1, 1997, 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:  April 17, 1997                      By:      /s/ William C. Bracken
                                                     ---------------------------
                                            Name:    William C. Bracken
                                            Title:   Senior Vice President and
                                                     Chief Financial Officer
<PAGE>
<TABLE>
<CAPTION>


ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE                           Page 1  4/17/97
A DIVISION OF SUPERIOR BANK FSB              1997-1 CLASS 1 - 2ND SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                   
                                                                                                                                Zip
 Sale ID     Account      Name                          Address                              City                     State   Code
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>           <C>                           <C>                                  <C>                        <C>   <C>  
  SB59      10266122755   JEFFERSON ELMER M             1262 PINE STREET                     HOUSTON                    DE    19954
  SB59      10266127161   TICE CHERYL                   17190 CHERRYLAWN                     DETROIT                    MI    48221
  SB59      10266128782   MILLIAN SUSAN M               1234 MIDDLESEX DRIVE                 NEW PORT RICHEY            FL    34655
  SB59      10266131125   COLE JAMES                    1109 W PALO VERDE DRIVE              CHANDLER                   AZ    85224
  SB59      10266132842   RABOURN BOBBY C               365 SUMMIT DR.                       CAMPBELLSBURG              KY    40011
  SB59      10266134196   SHAVER CHARLES LAVERL         4637 NORTH ENOCH ROAD                CEDAR CITY                 UT    84720
  SB59      10266134451   STRICSEK KENNETH              1740 TUMBLEWEED DRIVE                HOLIDAY                    FL    34690
  SB59      10266135078   RIEVES RENITA                 1942 EATON STREET                    TWINSBURG                  OH    44087
  SB59      10266137745   MCKEE EVA A                   125 WILDROSE TERRACE                 BOULDER CREEK              CA    95006
  SB59      10266138220   PUCHNER LISA K                15 EAST WANDERWOOD WAY               SANDY                      UT    84092
  SB59      10266139761   SMITH STEVEN M                284 NORTH 100 EAST                   SANTAQUIN                  UT    84655
  SB59      10266140146   ASHTON SHAYNE L               8783 SOUTH FAIRWAY                   WEST JORDAN                UT    84088
  SB59      10266140779   SEEVER ROBERT N               3609 PINE ROAD NE                    BREMERTON                  WA    98310
  SB59      10266141026   BYBEE DALE M                  165 FAIRWAY CIRCLE                   POCATELLO                  ID    83201
  SB59      10266141410   THOMSON KENNETH R             4642 MARSHALL AVENUE                 EUGENE                     OR    97402
  SB59      10266141570   EWING CHARLES THOMAS          2784 TIARA AVENUE                    COLUMBUS                   OH    43207
  SB59      10266141775   ROSS CLARK V                  4420 WILEYS ROAD                     PEYTON                     CO    80831
  SB59      10266141825   SMITH JR JOHN EDWARD          161 SHADY LANE                       PALMER LAKE                CO    80133
  SB59      10266141901   LARSON PAUL                   5542 DENT AVENUE                     SAN JOSE                   CA    95118
  SB59      10266141922   GEURTS JAMES J                2538 E STARLING DRIVE                SALT LAKE CITY             UT    84121
  SB59      10266141927   CRANNEY DAN G                 220 SOUTH 300 EAST                   ANNABELLA                  UT    84711
  SB59      10266141928   JAMES DONALD MARC             3077 SOUTH 2225 EAST                 SALT LAKE CITY             UT    84109
  SB59      10266142130   LINK ANDREW R                 1358 PARAMOUNT                       POCATELLO                  ID    83201
  SB59      10266142206   TAYLOR JAN D                  566 SCOTT LANE                       LYTLE CREEK                CA    92358
  SB59      10266142220   THORPE RICK J                 2244 NORTH 850 WEST                  CLINTON                    UT    84015
  SB59      10266142293   JENSON FRED G                 5955 SIERRA COLLEGE BOULEVARD        ROCKLIN                    CA    95677
  SB59      10266142317   GAYLES STEVEN J               91120 N COLEMAN STREET               COBURG                     OR    97408
  SB59      10266142401   PARLIAMENT ANGIE              1580 W DUBLIN COURT                  CHANDLER                   AZ    85224
  SB59      10266142423   HILDEBRAND PAULA A            1910 MINI RANCH TRAIL                GENEVA                     OH    44041
  SB59      10266142466   REED RODNEY D                 453 WEST 1000 NORTH                  BOUNTIFUL                  UT    84010
  SB59      10266142493   MEANS SHELLY K                3920 IBEX STREET NORTHEAST           SALEM                      OR    97305
  SB59      10266142505   FINNEGAN CHARLES E            1138 EAST ELECTRA LANE               SANDY                      UT    84094
  SB59      10266142509   GIBSON LANCE L                5484 WEST JEREMIAH DRIVE             SALT LAKE CITY             UT    84118
  SB59      10266142556   BOUCHER WILLIAM H             5051 NERISSA WAY                     SAN JOSE                   CA    95124
  SB59      10266142571   ROBERTS PEGGY A               12601 ELYSE PL SE                    ALBUQUERQUE                NM    87123
  SB59      10266142671   COLLAZO ELOYD E               701 SOUTH 1100 WEST                  PROVO                      UT    84604
  SB59      10266142676   HOPP JOHN A                   2209 WASHINGTON AVENUE               CALDWELL                   ID    83605
  SB59      10266142756   SHASKY JR JOSEPH P            607 LONDON STREET                    SAN FRANCISCO              CA    94112
  SB59      10266142760   SMITH JOHN JR                 3017 ASTER STREET                    PUEBLO                     CO    81005
  SB59      10266142772   BARSCH STEPHEN G              1161 POPLAR STREET                   DENVER                     CO    80220
  SB59      10266142775   NEUMAN DONALD LAWRENCE        10007 KEYSTONE ROAD                  RICHMOND                   IL    60071
  SB59      10266142838   MOWER RYAN L                  196 EAST 1650 SOUTH #B               BOUNTIFUL                  UT    84010
  SB59      10266142840   MCLENNAN JAMES E              14922 PENSACOLA PLACE                DENVER                     CO    80239
  SB59      10266142841   SLEDGE JERRY D                6240 EAST WALTANN LANE               SCOTTSDALE                 AZ    85254
  SB59      10266142856   STRACHAN JENNIFER J           3245 SOUTH 1000 EAST                 SALT LAKE CITY             UT    84106
  SB59      10266142863   LINDORFER CHARLES             3965 RIVERCREST DR N                 KEIZER                     OR    97303
  SB59      10266142929   GREENE WILLIAM THOMAS         6441 SE MORRISON COURT               PORTLAND                   OR    97215
  SB59      10266142933   SPAWR DARRYL B                2116 RUNABOUT DRIVE                  LAKE HAVASU CITY           AZ    86403
  SB59      10266142964   FRITZSCHE SCOTT T             5340 WEST CADENZA DRIVE              WEST JORDAN                UT    84084
  SB59      10266143018   MANULAT AMABEL F              910 HIGH AVENUE SOUTH                RENTON                     WA    98055
  SB59      10266143020   SCHWEISS PAUL                 2003 39TH STREET                     ANACORTES                  WA    98221
  SB59      10266143021   COTA LEROY H                  1308 W STACEY LANE                   TEMPE                      AZ    85284
  SB59      10266143032   SIMMONS JERRY F               1405 CASABLANCA CIRCLE               GILROY                     CA    95020
  SB59      10266143114   MARKLAND ROBERT L             9796 WEXFORD CIRCLE                  GRANITE BAY                CA    95746
  SB59      10266143146   LEWIS PHILLIP D               332 SOUTH WHEELING WAY               AURORA                     CO    80012
  SB59      10266143237   LEVORSEN DEAN P               459 EAST WILLOW SPRINGS LANE         DRAPER                     UT    84020
  SB59      10266143254   BARKER CHRISTOPHER            2391 TATE AVENUE                     FORT LUPTON                CO    80621
  SB59      10266143263   SPRIGGS MICKEY LYNN           401 EAST BRADLEY WAY                 SANDY                      UT    84070
  SB59      10266143266   IVIE CHARLES F                111 SOUTH TAFT STREET                MIDVALE                    UT    84047
  SB59      10266143281   HUNT MAY                      4454 WEST END AVENUE                 CHICAGO                    IL    60624
  SB59      10266143282   WENDT FREDERICK O             11591 SILVEROD STREET NORTHWE        COON RAPIDS                MN    55433
  SB59      10266143339   MCCAY MARK A                  1513 NORTH CASCADE WAY               LYNDEN                     WA    98264
  SB59      10266143345   BOWEN SUETTA                  2604 SOUTH CARSON WAY                AURORA                     CO    80014
                       
<CAPTION>


             Principal      Cut-off Date     First                                      Original  Current     Scheduled
             Balance at      Principal     Payment    Maturity     Rem       Date          LTV    Mortgage     Payment
 Account    Origination       Balance        Date       Date       Term       Due         Ratio     Rate      Int & Prin
- -------------------------------------------------------------------------------------------------------------------------
<S>           <C>             <C>           <C>         <C>         <C>       <C>           <C>      <C>        <C>   
10266122755    30,000.00       29,859.51    09/01/96    08/01/11    171.52    04/01/97      50.0     11.750      355.24
10266127161    52,200.00       52,121.91    11/22/96    10/22/11    174.21    04/22/97      53.8     13.990      618.09
10266128782    18,000.00       17,940.89    09/20/96    08/20/11    172.14    04/20/97      90.0     11.950      184.46
10266131125    25,600.00       25,148.93    12/14/96    11/14/11    174.97    05/14/97      83.9     10.850      288.56
10266132842    39,200.00       39,200.00    04/18/97    03/18/12    179.05    04/18/97      70.0     12.000      403.22
10266134196    23,779.00       23,724.12    02/01/97    01/01/12    176.55    05/01/97      89.9     11.650      280.06
10266134451    47,700.00       47,114.22    11/21/96    10/21/11    174.18    04/21/97      89.8     11.150      546.66
10266135078    45,000.00       45,000.00    04/04/97    03/04/27    358.59    04/04/97      90.0     11.750      454.23
10266137745    30,400.00       30,400.00    02/01/97    01/01/12    176.55    05/01/97      74.4     11.950      311.53
10266138220   144,750.00      144,750.00    03/01/97    02/01/12    177.57    05/01/97      84.9     14.000    1,715.10
10266139761    20,000.00       20,000.00    05/01/97    04/01/12    179.51    05/01/97      78.7     11.950      239.39
10266140146    21,447.00       21,447.00    03/01/97    02/01/17    237.57    04/01/97      79.9     14.300      271.38
10266140779    36,000.00       36,000.00    05/01/97    04/01/12    179.51    05/01/97      74.1     12.250      377.24
10266141026    28,295.00       28,295.00    05/01/97    04/01/12    179.51    05/01/97      67.9     11.750      335.05
10266141410    17,000.00       17,000.00    05/01/97    04/01/12    179.51    05/01/97      83.2     12.750      212.30
10266141570    25,400.00       25,365.90    03/12/97    02/12/17    237.93    04/12/97      84.9     10.500      253.59
10266141775    21,000.00       21,000.00    05/01/97    04/01/12    179.51    05/01/97      69.1     11.100      240.01
10266141825    42,400.00       42,400.00    05/01/97    04/01/12    179.51    05/01/97      79.7     11.250      488.59
10266141901    34,900.00       34,900.00    05/01/97    04/01/12    179.51    05/01/97      90.0     11.250      338.97
10266141922    25,900.00       25,900.00    05/01/97    04/01/12    179.51    05/01/97      90.0     11.750      306.69
10266141927    17,700.00       17,700.00    05/01/97    04/01/12    179.51    05/01/97      79.9     13.500      229.80
10266141928    58,000.00       58,000.00    05/01/97    04/01/12    179.51    05/01/97      75.2     10.100      626.82
10266142130    32,840.00       32,840.00    05/01/97    04/01/12    179.51    05/01/97      68.1     13.850      434.04
10266142206    22,400.00       22,400.00    05/01/97    04/01/12    179.51    05/01/97      80.1     13.000      247.79
10266142220    85,500.00       85,465.81    03/01/97    02/01/12    177.57    05/01/97      90.0     11.450      843.44
10266142293    75,800.00       75,800.00    05/01/97    04/01/12    179.51    05/01/97      80.0     12.450      806.04
10266142317    24,000.00       23,967.31    04/01/97    03/01/12    178.49    05/01/97      74.3     11.250      276.56
10266142401    24,930.00       24,877.48    03/26/97    02/26/12    178.39    04/26/97      89.8     12.200      302.42
10266142423    58,600.00       58,600.00    04/14/97    03/14/17    238.92    04/14/97      79.9     10.500      585.05
10266142466    26,400.00       26,400.00    05/01/97    04/01/17    239.51    05/01/97      79.9     13.990      328.10
10266142493    11,800.00       11,800.00    05/01/97    04/01/12    179.51    05/01/97      75.2     13.990      157.07
10266142505    53,000.00       53,000.00    05/01/97    04/01/12    179.51    05/01/97      67.7     11.250      514.77
10266142509    79,800.00       79,800.00    03/05/97    02/05/12    177.70    04/05/97      70.0     12.500      851.67
10266142556    23,000.00       23,000.00    05/01/97    04/01/12    179.51    05/01/97      73.0     10.100      203.54
10266142571    19,691.00       19,691.00    05/01/97    04/01/12    179.51    05/01/97      79.2     13.500      225.54
10266142671    29,300.00       29,214.16    05/01/97    04/01/12    179.51    05/01/97      90.0     12.750      365.91
10266142676    47,000.00       47,000.00    05/01/97    04/01/12    179.51    05/01/97      89.0     11.550      550.54
10266142756    25,000.00       25,000.00    04/01/97    03/01/12    178.49    05/01/97      84.0     13.350      283.41
10266142760    72,250.00       72,250.00    05/01/97    04/01/27    359.51    05/01/97      85.0     13.200      810.54
10266142772    22,500.00       22,500.00    05/01/97    04/01/17    239.51    05/01/97      64.7     12.000      247.74
10266142775    20,100.00       20,100.00    04/13/97    03/13/12    178.88    04/13/97      74.9     11.500      234.81
10266142838    56,513.00       56,506.13    04/03/97    03/03/12    178.55    05/03/97      89.9     11.700      568.28
10266142840    17,324.00       17,324.00    05/01/97    04/01/12    179.51    05/01/97      89.8     11.750      174.87
10266142841    23,000.00       23,000.00    05/01/97    04/01/12    179.51    05/01/97      89.3     11.350      266.49
10266142856    23,757.00       23,757.00    05/01/97    04/01/12    179.51    05/01/97      84.9     12.350      250.79
10266142863    41,294.00       41,294.00    05/01/97    04/01/12    179.51    05/01/97      79.9     13.500      472.99
10266142929    24,300.00       24,300.00    04/01/97    03/01/12    178.49    05/01/97      68.9     13.700      318.73
10266142933    16,535.00       16,535.00    05/01/97    04/01/12    179.51    05/01/97      84.6     11.500      163.74
10266142964    48,634.00       48,634.00    05/01/97    04/01/12    179.51    05/01/97      89.9     11.550      569.68
10266143018    55,599.00       55,599.00    05/01/97    04/01/27    359.51    05/01/97      79.9     11.250      540.01
10266143020   106,800.00      106,800.00    05/01/97    04/01/12    179.51    05/01/97      89.8     11.350    1,045.43
10266143021    33,800.00       33,800.00    05/01/97    04/01/12    179.51    05/01/97      86.5     11.750      400.24
10266143032    40,100.00       40,100.00    03/27/97    02/27/12    178.42    04/27/97      89.9     12.600      431.08
10266143114    77,550.00       77,550.00    05/01/97    04/01/12    179.51    05/01/97      85.0     12.750      968.47
10266143146    17,633.00       17,633.00    05/01/97    04/01/17    239.51    05/01/97      84.9     12.750      203.45
10266143237    49,720.00       49,720.00    05/01/97    04/01/12    179.51    05/01/97      79.0     12.100      515.26
10266143254    25,000.00       24,759.88    05/01/97    04/01/12    179.51    06/01/97      78.1     11.100      285.72
10266143263    22,572.00       22,511.82    03/28/97    02/28/12    178.45    04/28/97      89.9     13.150      287.82
10266143266    11,000.00       11,000.00    04/04/97    03/04/12    178.59    04/04/97      83.9     12.125      114.21
10266143281    39,000.00       38,961.89    04/17/97    03/17/17    239.01    05/17/97      60.0     12.250      436.24
10266143282   100,000.00       99,754.37    04/12/97    03/12/17    238.85    05/12/97      78.6     13.250    1,189.43
10266143339    39,900.00       39,900.00    05/01/97    04/01/12    179.51    05/01/97      88.5     11.350      390.57
10266143345    39,000.00       39,000.00    05/01/97    04/01/17    239.51    05/01/97      53.9     11.000      402.55
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE                           Page 2  4/17/97
A DIVISION OF SUPERIOR BANK FSB              1997-1 CLASS 1 - 2ND SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                   
                                                                                                                                Zip
 Sale ID     Account     Name                            Address                              City                     State   Code
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>           <C>                           <C>                                  <C>                         <C>  <C>  
  SB59      10266143346   BURG KEVIN E                  1340 QUENTIN STREET                  AURORA                      CO   80011
  SB59      10266143426   MCMILLAN DEBBIE TYLER         12 CARNABY CT.                       BROWNSBURG                  IN   46112
  SB59      10266143454   KANE BYRON W                  27072 SANTA SUSANA CIRCLE            MISSION VIEJO               CA   92691
  SB59      10266143458   BARR DONNA M                  117 SNOWMASS PLACE                   LONGMONT                    CO   80501
  SB59      10266143465   FRASER KATHERINE L            7925 LINDSEY DRIVE                   COLORADO SPRINGS            CO   80920
  SB59      10266143472   DOYLE THOMAS J                20055 LAREDO LANE                    MONUMENT                    CO   80132
  SB59      10266143519   ANDRADE PATRICIA              2830 VISTA DEL VALLE                 MORGAN HILL                 CA   95037
  SB59      10266143575   LEVIN MICHAEL G               6222 44TH AVENUE NE                  SEATTLE                     WA   98115
  SB59      10266143587   BRAUN RICHARD                 12202 68TH COURT                     PALOS HEIGHTS               IL   60463
  SB59      10266143588   GOMEZ MICHAEL R               1230 N. CENTRAL PARK                 CHICAGO                     IL   60651
  SB59      10266143622   WILHELM THOMAS D              875 EAST 700 NORTH                   SHELLEY                     ID   83274
  SB59      10266143628   HUNTLEY JAMES A               8594 DEPEW STREET                    ARVADA                      CO   80003
  SB59      10266143643   STRANG DAVID M                17721 BOTHELL WAY NE                 SEATTLE                     WA   98155
  SB59      10266143676   LAROCHELLE CHERI              4068 E PASEO GRANDE                  TUCSON                      AZ   85711
  SB59      10266143680   WIGT DENNIS M                 10008 SCENIC VIEW DRIVE              PUEBLO                      CO   81004
  SB59      10266143692   WISKER JOHN F                 6 TERRY LANE                         JERICHO                     NY   11753
  SB59      10266143700   RABB CALVIN                   7948 SOUTH TROY                      CHICAGO                     IL   60652
  SB59      10266143713   NAMROD RAJINA                 7201 N. KEDVALE                      LINCOLNWOOD                 IL   60646
  SB59      10266143743   COTA FRANK O                  6 EAST CAROLINE LANE                 TEMPE                       AZ   85284
  SB59      10266143772   LEAVITT MICHAEL DEE           1145 NORTH MAIN STREET               OREM                        UT   84057
  SB59      10266143800   CHENG KAN LEUNG               3226 S. LEAVITT                      CHICAGO                     IL   60608
  SB59      10266143810   DAVIS DEBORAH J               RT. #L WAGNER ROAD                   PARAGON                     IN   46166
  SB59      10266143848   PACK BRETT D                  130 SOUTH 300 WEST                   AMERICAN FORK               UT   84003
  SB59      10266143863   CHURCH KENNETH L              8121 EAST 2ND AVENUE                 MESA                        AZ   85208
  SB59      10266143897   ADAMSKI ANTHONY W             1419 WALNUT ST.                      STREATOR                    IL   61364
  SB59      10266143965   WALTON CHAD E                 619 EAST 5400 SOUTH                  MURRAY                      UT   84107
  SB59      10266143995   DIPALMA JOSEPH D              198 CEDAR STREET                     VALLEY STREAM               NY   11580
  SB59      10266144050   IRWIN ELIZABETH M             9772 DOWNING STREET                  THORNTON                    CO   80229
  SB59      10266144080   BOWERS JENNIFER               521 TERRACE AVENUE                   ATLANTA                     GA   30307
  SB59      10266144095   SMITH SHERYL                  4801 MCCULLOM LAKE RD.               MCHENRY                     IL   60050
  SB59      10266144116   MONTGOMERY JOYCE              1131 RANDOLPH STREET                 GARY                        IN   46403
  SB59      10266144146   INTAVONG KHAN KHAM            3271 SHERIDAN BOULEVARD              DENVER                      CO   80212
  SB59      10266144167   CASSARINO CHARLES E           1829 EAST GRANDVIEW ROAD             PHOENIX                     AZ   85022
  SB59      10266144183   WICKA DEAN B                  1217 VERNON ROAD                     LAKE STEVENS                WA   98258
  SB59      10266144236   LOONEY JOSEPH LEONARD         392 EAST RENA AVENUE                 MIDVALE                     UT   84047
  SB59      10266144241   CESTNIK MICHAEL L             N 110 POTLATCH ROAD                  SHELTON                     WA   98584
  SB59      10266144242   AYRES CHERYOL L               9530 SW 155TH AVENUE                 BEAVERTON                   OR   97007
  SB59      10266144243   LIND INCI C                   14225 168TH AVENUE NE                WOODINVILLE                 WA   98072
  SB59      10266144253   SPITZ JOHN K                  3442 EAST COSTILLA AVENUE            LITTLETON                   CO   80122
  SB59      10266144269   FONVILLE J W                  539 IROQUOIS                         HILLSIDE                    IL   60162
  SB59      10266144281   RILEY LAMORISE                1150 WEST 30TH STREET                INDIANAPOLIS                IN   46208
  SB59      10266144285   GRAF JANIE H                  1230 DANCING HORSE DRIVE             COLORADO SPRINGS            CO   80919
  SB59      10266144316   FOX CHARLES L                 1901 HALLAM AVENUE                   COLORADO SPRINGS            CO   80911
  SB59      10266144395   MAESTAS SANDRA R              7956 HOLLYWOOD STREET                COMMERCE CITY               CO   80022
  SB59      10266144432   BAYSTER JOSEPH W              5152 W. OAKDALE                      CHICAGO                     IL   60641
  SB59      10266144493   ARTHUR PRISCILLA M            8856 EAST DARTMOUTH AVENUE           DENVER                      CO   80231
  SB59      10266144519   DIBENEDETTO JOSEPH            88-15 156TH AVENUE                   HOWARD BEACH                NY   11414
  SB59      10266144564   MORLEY CAROL D                865 NORTH 1475 EAST                  LAYTON                      UT   84040
  SB59      10266144592   WILLIAMS NOELLE               508 SOUTH CANOSA COURT               DENVER                      CO   80219
  SB59      10266144647   HALLETT JAMES ROBERT          5604 SOUTH WHITEWOOD DRIVE           TAYLORSVILLE                UT   84118
  SB59      10266144663   LOMBARDI DOMINIC J            3900 TENNYSON STREET                 DENVER                      CO   80212
  SB59      10266144749   BLOCK DUANE M                 828 N. LINDEN                        NORTHFIELD                  MN   55057
  SB59      10266144759   CLARK WILLIS H                1065 NORTH 1500 WEST                 PROVO                       UT   84604
  SB59      10266144766   LITSTER DOUGLAS L             847 NORTH COUNTRY SHIRE DRIVE        KAYSVILLE                   UT   84037
  SB59      10266144767   SMITH TAMZAN A                2490 NORTH 450 WEST                  HARRISVILLE                 UT   84414
  SB59      10266144878   COLLINGS LEE R                2984 SOUTH 7750 WEST                 MAGNA                       UT   84044
  SB59      10266144922   FALLON PATRICIA               3300 KENMORE RD                      SHAKER HEIGHTS              OH   44122
  SB59      10266145096   CONLEY EDWARD J               3256 WEST 13200 SOUTH                RIVERTON                    UT   84065
  SB59      10266145365   LUCERO ALVIN                  717 EAST VERMIJO AVENUE              COLORADO SPRINGS            CO   80903
  SB59      10266145374   TURNER ALAN G                 1266 28TH STREET                     OGDEN                       UT   84403
  SB59      10266145635   PROCELLE TRALAYE              1811 WEST ARIES CIRCLE               SALT LAKE CITY              UT   84116
          ----------------------------------------------                                                                           
               124      Sale Total                                                                                                 


<CAPTION>

              Principal      Cut-off Date     First                                      Original  Current     Scheduled
              Balance at      Principal     Payment    Maturity     Rem        Date        LTV     Mortgage     Payment
 Account     Origination       Balance        Date       Date       Term       Due         Ratio     Rate      Int & Prin
- -------------------------------------------------------------------------------------------------------------------------
 <S>          <C>             <C>            <C>           <C>         <C>        <C>        <C>    <C>          <C>   
10266143346      31,000.00       31,000.00   05/01/97      04/01/12    179.51     05/01/97   73.2   12.000         318.87 
10266143426      85,900.00       85,900.00   04/19/97      03/19/12    179.08     04/19/97   89.9   12.000         883.58 
10266143454      21,250.00       21,250.00   05/01/97      04/01/12    179.51     05/01/97   80.6   12.750         265.38 
10266143458      33,995.00       33,995.00   05/01/97      04/01/12    179.51     05/01/97   82.8   10.600         377.89 
10266143465      96,000.00       96,000.00   05/01/97      04/01/12    179.51     05/01/97   80.0   13.000       1,061.95 
10266143472      25,000.00       25,000.00   05/01/97      04/01/12    179.51     05/01/97   70.6   10.100         270.18 
10266143519     412,000.00      412,000.00   05/01/97      04/01/12    179.51     05/01/97   80.0   10.375       3,730.28 
10266143575      41,700.00       41,700.00   05/01/97      04/01/12    179.51     05/01/97   84.8   12.350         440.20 
10266143587      60,000.00       59,815.31   04/14/97      03/14/17    238.92     05/14/97   36.3   10.000         579.01 
10266143588      45,000.00       44,897.01   04/19/97      03/19/17    239.08     05/19/97   57.6    9.600         422.40 
10266143622      16,200.00       16,198.49   04/05/97      03/05/12    178.62     05/05/97   80.7   13.350         208.71 
10266143628      46,594.00       46,594.00   05/01/97      04/01/12    179.51     05/01/97   89.9   11.500         544.31 
10266143643      32,000.00       32,000.00   05/01/97      04/01/12    179.51     05/01/97   75.0   12.500         394.41 
10266143676      12,000.00       12,000.00   05/01/97      04/01/12    179.51     05/01/97   84.2   11.850         142.86 
10266143680     136,000.00      136,000.00   05/01/97      04/01/27    359.51     05/01/97   80.0   13.000       1,504.43 
10266143692      28,000.00       27,783.33   04/14/97      03/14/07    118.92     05/14/97   77.4    9.900         368.47 
10266143700      28,400.00       28,400.00   04/26/97      03/26/17    239.31     04/26/97   79.9   14.250         358.33 
10266143713      45,000.00       44,320.40   04/14/97      03/14/12    178.92     05/14/97   81.7   13.000         497.79 
10266143743      23,250.00       23,250.00   05/01/97      04/01/12    179.51     05/01/97   90.0   11.750         234.69 
10266143772      17,500.00       17,500.00   05/01/97      04/01/12    179.51     05/01/97   79.3   12.750         218.55 
10266143800      53,300.00       53,300.00   04/20/97      03/20/17    239.11     04/20/97   89.9   11.750         577.62 
10266143810      60,000.00       59,926.75   04/14/97      03/14/12    178.92     05/14/97   60.0   11.750         710.48 
10266143848      29,350.00       29,246.31   04/03/97      03/03/12    178.55     05/03/97   89.2   12.750         318.94 
10266143863      19,390.00       19,390.00   05/01/97      04/01/12    179.51     05/01/97   84.9   12.750         242.15 
10266143897      28,500.00       28,487.13   04/14/97      03/14/17    238.92     05/14/97   75.0   12.250         318.79 
10266143965      32,800.00       32,800.00   05/01/97      04/01/12    179.51     05/01/97   89.4   11.750         331.09 
10266143995      36,800.00       36,800.00   04/24/97      03/24/12    179.24     04/24/97   89.8   11.150         421.74 
10266144050      15,534.00       15,534.00   05/01/97      04/01/12    179.51     05/01/97   79.8   13.990         206.77 
10266144080     109,650.00      109,650.00   05/01/97      04/01/27    359.51     05/01/97   85.0   12.000       1,127.87 
10266144095      20,000.00       20,000.00   04/12/97      03/12/17    238.85     04/12/97   84.6   12.600         228.64 
10266144116      91,900.00       91,900.00   04/10/97      03/10/27    358.78     05/10/97   79.9   13.250       1,034.59 
10266144146      43,710.00       43,710.00   05/01/97      04/01/12    179.51     05/01/97   89.9   11.750         441.21 
10266144167      18,500.00       18,500.00   05/01/97      04/01/12    179.51     05/01/97   86.5   12.200         224.42 
10266144183      35,900.00       35,547.49   05/01/97      04/01/12    179.51     06/01/97   84.2   12.750         390.12 
10266144236      68,879.00       68,853.87   04/05/97      03/05/12    178.62     05/05/97   84.8   13.350         780.83 
10266144241     100,000.00      100,000.00   05/01/97      04/01/12    179.51     05/01/97   80.7   11.250         971.26 
10266144242      35,000.00       35,000.00   04/10/97      03/10/12    178.78     04/10/97   70.7   13.200         392.65 
10266144243      49,000.00       49,000.00   05/01/97      04/01/12    179.51     05/01/97   69.8   11.000         466.64 
10266144253      79,630.00       79,630.00   05/01/97      04/01/12    179.51     05/01/97   73.7   12.000         955.69 
10266144269     125,800.00      125,800.00   04/17/97      03/17/17    239.01     04/17/97   85.0   10.050       1,218.17 
10266144281      32,000.00       32,000.00   04/11/97      03/11/12    178.82     04/11/97   80.0   10.650         296.31 
10266144285      22,714.00       22,714.00   05/01/97      04/01/17    239.51     05/01/97   79.9   13.500         274.24 
10266144316      21,000.00       21,000.00   05/01/97      04/01/12    179.51     05/01/97   37.4   12.000         252.04 
10266144395      14,343.00       14,343.00   05/01/97      04/01/12    179.51     05/01/97   64.9   11.500         167.55 
10266144432      72,000.00       72,000.00   04/20/97      03/20/17    239.11     04/20/97   49.6    9.800         685.30 
10266144493      72,251.00       72,251.00   05/01/97      04/01/12    179.51     05/01/97   84.6   12.750         785.15 
10266144519      38,700.00       38,700.00   04/24/97      03/24/07    119.24     04/24/97   69.2   10.990         532.87 
10266144564      30,768.00       30,705.96   04/04/97      03/04/12    178.59     05/04/97   89.9   12.750         384.24 
10266144592      68,000.00       68,000.00   05/01/97      04/01/27    359.51     05/01/97   85.0   12.250         712.57 
10266144647      53,650.00       53,650.00   05/01/97      04/01/12    179.51     05/01/97   84.9   12.750         583.01 
10266144663      80,500.00       80,500.00   05/01/97      04/01/27    359.51     05/01/97   70.0    9.850         697.54 
10266144749      19,000.00       18,955.64   04/17/97      03/17/12    179.01     05/17/97   83.3   13.000         240.40 
10266144759      32,340.00       32,340.00   05/01/97      04/01/12    179.51     05/01/97   89.6   11.750         326.44 
10266144766      32,000.00       31,876.52   04/05/97      03/05/17    238.62     05/05/97   89.9   12.750         369.22 
10266144767      16,851.00       16,669.18   04/05/97      03/05/12    178.62     05/05/97   84.1   13.350         217.10 
10266144878      17,000.00       17,000.00   04/14/97      03/14/12    178.92     04/14/97   67.7   11.250         195.90 
10266144922      20,000.00       20,000.00   04/24/97      03/24/17    239.24     04/24/97   64.0   11.250         209.85 
10266145096      18,945.00       18,945.00   04/21/97      03/21/12    179.15     04/21/97   89.9   12.750         236.59 
10266145365      13,000.00       13,000.00   05/01/97      04/01/12    179.51     05/01/97   55.8   10.850         146.54 
10266145374      36,717.00       36,717.00   04/12/97      03/12/12    178.85     04/12/97   79.1   15.350         474.56 
10266145635      37,298.00       37,184.23   04/14/97      03/14/12    178.92     05/14/97   85.0   12.750         405.31 
- ------------------------------------------                             ------                ----------------------------
    124       5,507,122.00    5,502,643.95                             209.14                79.4   11.924      59,716.70
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE                           Page 3  4/17/97
A DIVISION OF SUPERIOR BANK FSB              1997-1 CLASS 1 - 2ND SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                   
                                                                                                                               Zip
 Sale ID     Account     Name                            Address                              City                     State   Code
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>          <C>                           <C>                                  <C>                         <C>   <C>  
 SBC60     10268003935   SPINELLI JOSEPH III           1 MARIAN RD                          CHARLESTOWN                 PA    19460
 SBC60     10268004293   SIMMONS JOAN                  1974 BUTTERNUT ST                    CHARLESTON                  SC    29414
 SBC60     10268004554   CHRISTAKIS THEODORE           461 TAPPAN RD                        NORTHVALE                   NJ    07647
 SBC60     10268004977   PIERSON JOHN S JR             231 TINTON PL                        EAST NORTHPORT              NY    11731
 SBC60     10268005222   GRIFFIN REBECCA L             1317 ELM AVENUE                      SANFORD                     FL    32771
 SBC60     10268005472   HAYWOOD JULIUS                1301 PENNSYLVANIA AVE                PITTSBURGH                  PA    15233
 SBC60     10268005694   INABNITT RACHAEL A.           1492 KOLENDA STREET                  PORT CHARLOTTE              FL    33952
 SBC60     10268006834   BLACKWELL LANE A              20 LAKE DR                           HENDERSONVILLE              NC    28739
 SBC60     10268007283   DICKART C STEWART             151 EAST ST                          SOUTH SALEM                 NY    10590
 SBC60     10268007589   SAMUEL ROLAND                 11424 175TH ST                       JAMAICA                     NY    11434
 SBC60     10268007623   DONALD KENNETH                60 CROWN ST                          DEER PARK                   NY    11729
 SBC60     10268007727   BOYKIN SHIRLEY A              7408 WALKER MILL RD                  CAPITOL HEIGHTS             MD    20743
 SBC60     10268007882   DONALDSON DOROTHY N           4616 4TH ST NW                       WASHINGTON                  DC    20011
 SBC60     10268008168   WILSON KEVIN P                1 HCR BOX 2A                         CARLISLE                    NY    12031
 SBC60     10268008316   MORALES DANIEL E              4028 GENESEE AVE                     ERIE                        PA    16510
 SBC60     10268008344   BOOTH JAMES A                 2108 METTS AVE                       WILMINGTON                  NC    28403
 SBC60     10268008662   MOORE JAMES WILLIAM           803 HALSEY LANE                      BRIGDEHAMPTON               NY    11932
 SBC60     10268008744   LORENSEN HENRY P              47 FT JOHNSON AVE                    FORT JOHNSON                NY    12070
 SBC60     10268008900   LARK DENNIS M                 701 CAROLINA AVE                     SAINT CLOUD                 FL    34769
 SBC60     10268008981   CUNNINGHAM STEPHEN            124 HALPIN AVE                       STATEN ISLAND               NY    10312
 SBC60     10268009013   KELLY TROY E                  419 W FERN STREET                    PHILADELPHIA                PA    19120
 SBC60     10268009239   CHAMBERS IRENE                1 ROUTE BOX 124                      PAGELAND                    SC    29278
 SBC60     10268009509   MCALEER FRANK J               1858 LAKEVIEW BLVD                   N. FORT MYERS               FL    33903
 SBC60     10268009531   CASTORO VINCENT D JR          37 GLEN RD                           WAYNE                       NJ    07470
 SBC60     10268009551   RUFFIN MICHELL                114-50 139TH STREET                  JAMAICA                     NY    11436
 SBC60     10268009622   DIIORIO GIUSEPPE              52 OSBORNE AVE                       NORWALK                     CT    06855
 SBC60     10268009632   DIIORIO GIUSEPPE              69 OSBORNE AVE                       NORWALK                     CT    06855
 SBC60     10268009806   HARTMAN JOSEPH E JR           1700 PENNSYLVANIA AVENUE             CROYDON                     PA    19021
 SBC60     10268009814   BORER THOMAS A                918 SOUTH BRINK  AVENUE              SARASOTA                    FL    34237
 SBC60     10268009866   SKOURAS MICHAEL C             19 HUNTER RD                         WASHINGTONVILLE             NY    10992
 SBC60     10268009897   WILSON STEPHEN E              1051 E 23RD ST                       ERIE                        PA    16503
 SBC60     10268010003   DALY EMANUEL                  9548 BROWN ROAD                      JONESBORO                   GA    30236
 SBC60     10268010070   JEFFERSON MARGIE M            1807 EAST HENRY AVENUE               TAMPA                       FL    33610
 SBC60     10268010072   TOMARO PAUL M                 402 STEUBEN AVE                      FORKED RIVER                NJ    08731
 SBC60     10268010079   TING ALEX                     3 3RD AVE                            GARDEN CITY PARK            NY    11040
 SBC60     10268010091   SOMAN KENRICK                 1 BEATRICE CT                        MANORVILLE                  NY    11949
 SBC60     10268010254   JOHNSON RICHARD D             37335 EAST SPICER DRIVE              MECHANICSVILLE              MD    20659
 SBC60     10268010264   ALCALEN JUANITO E             517 NEW BRUNSWICK RD                 SOMERSET                    NJ    08873
 SBC60     10268010360   JAMES KEVIN D                 273 E 40TH ST                        BROOKLYN                    NY    11203
 SBC60     10268010387   KIM SU MYONG                  11022 SCOTTS LANDING ROAD            LAUREL                      MD    20723
 SBC60     10268010578   DEANS JUNE                    41 DEHNHOFF AVENUE                   FREEPORT                    NY    11520
 SBC60     10268010712   ZILAI RAYMOND                 450 PALISADE AVE                     JERSEY CITY                 NJ    07307
 SBC60     10268010745   PRENDERGAST MICHAEL           RD 1 BOX 64 ROUTE 80                 FORT PLAIN                  NY    13339
 SBC60     10268010817   HAAS JOHN E                   337 S 14TH ST                        HARRISBURG                  PA    17104
 SBC60     10268010930   HANLEIN ERIC B                1103 HEMLOCK DRIVE                   MT POCONO                   PA    18344
 SBC60     10268010964   PIZZO FRANK                   23 BEATRICE AVE                      WEST ISLIP                  NY    11795
 SBC60     10268011016   ROCCO JOSEPH J                15 BLACKMAN ST                       SMITHTOWN                   NY    11787
 SBC60     10268011036   MOITOSO ROBERT M              78 HERITAGE WAY                      TAUNTON                     MA    02780
 SBC60     10268011054   SCOLLIN RICHARD F             12 PROSPECT ST                       ANSONIA                     CT    06401
 SBC60     10268011117   CONSTANTINIDES PANOS P        1323 N HIGHLAND AVENUE               ATLANTA                     GA    30306
 SBC60     10268011291   REIBER J GREGORY              495 CABOT ROAD                       DOVER                       PA    17315
 SBC60     10268011366   SPOONER JOSEPH                3 HOWARD DR                          COXSACKIE                   NY    12192
 SBC60     10268011378   REINHOLDT DONNA M             2 CATHERINE LN                       SUFFIELD                    CT    06078
 SBC60     10268011400   VITABILE LENA                 4 STEVENSON AVE                      MILLSTONE                   NJ    07786
 SBC60     10268011419   HARSCH DONALD E               MAIN STREET                          LINDEN                      PA    17603
 SBC60     10268011501   MILES WALLACE R               6175 FAIRFIELD AVE S                 SAINT PETERSBURG            FL    33707
 SBC60     10268011549   TOWNSEND EMMIA                116-30 147TH STREET                  JAMAICA                     NY    11436
 SBC60     10268011567   KUEPPER JOHN T                2704 KENYON RD                       WILLIAMSON                  NY    14589
 SBC60     10268011606   DONNATIN FRANCIS L            3 ASPEN CIRCLE                       ST JAMES                    NY    11780
 SBC60     10268011634   MULLIN ROBERT                 214 CHESTNUT DR                      LANOKA HARBOR               NJ    08734
 SBC60     10268011739   ASHONG CLEMENT                736 EDISON ST                        YORK                        PA    17403
 SBC60     10268011811   WARDEN MARK C                 1113 THIRD STREET                    WHITEHALL                   PA    18052
 SBC60     10268011813   DIEM TERRY L                  223 NORTH CHURCH STREET              EPHRATA                     PA    17522
                       

<CAPTION>

               Principal      Cut-off Date     First                                       Original     Current     Scheduled
               Balance at      Principal     Payment     Maturity      Rem         Date       LTV       Mortgage     Payment
 Account      Origination       Balance        Date        Date        Term        Due        Ratio       Rate      Int & Prin
- -------------------------------------------------------------------------------------------------------------------------------
 <S>           <C>             <C>            <C>          <C>          <C>        <C>         <C>        <C>         <C>   
10268003935     36,500.00       36,217.38     12/06/96     11/06/11     174.71     04/06/97    84.6       12.350        446.31
10268004293     14,638.00       14,571.94     12/19/96     11/19/11     175.13     04/19/97    89.7       12.350        178.99
10268004554     25,450.00       25,368.58     02/01/97     01/01/12     176.55     05/01/97    79.9       12.850        319.50
10268004977     40,000.00       39,559.17     12/18/96     11/18/11     175.10     04/18/97    71.3       10.300        437.21
10268005222     58,400.00       58,318.85     01/11/97     12/11/11     175.86     05/11/97    80.0       12.000        600.71
10268005472     33,250.00       33,250.00     12/20/96     11/20/26     355.17     04/20/97    70.0       11.750        335.63
10268005694     55,000.00       55,000.00     04/19/97     03/19/17     239.08     04/19/97    82.7       11.550        588.43
10268006834     45,000.00       44,977.44     01/18/97     12/18/11     176.09     03/18/97    84.0       12.250        547.33
10268007283     95,000.00       95,000.00     03/19/97     02/19/12     178.16     04/19/97    77.5       14.950      1,197.42
10268007589     40,000.00       39,917.44     03/18/97     02/18/12     178.13     05/18/97    82.8       11.500        396.12
10268007623     99,000.00       98,935.52     02/09/97     01/09/12     176.81     04/09/97    90.0       11.100        950.29
10268007727     35,000.00       35,000.00     03/14/97     02/14/12     177.99     04/14/97    89.8       12.750        437.09
10268007882     53,750.00       53,750.00     04/04/97     03/04/12     178.59     04/04/97    65.0       13.990        636.44
10268008168     80,000.00       80,000.00     03/26/97     02/26/12     178.39     04/26/97    69.5       10.250        716.88
10268008316     45,000.00       44,983.60     02/27/97     01/27/27     357.40     03/27/97    90.0       10.900        425.15
10268008344     54,250.00       54,250.00     03/25/97     02/25/12     178.36     04/25/97    70.0       11.300        528.97
10268008662    100,000.00      100,000.00     04/03/97     03/03/12     178.55     04/03/97    63.6       13.450      1,141.48
10268008744     21,000.00       20,970.73     04/12/97     03/12/12     178.85     05/12/97    80.3       11.250        203.96
10268008900     34,000.00       33,981.19     03/01/97     02/01/12     177.57     04/01/97    71.3       13.000        430.18
10268008981     75,000.00       75,000.00     04/17/97     03/17/17     239.01     04/17/97    75.2       12.025        827.12
10268009013     14,395.00       14,395.00     04/04/97     03/04/07     118.59     04/04/97    89.9       13.100        215.78
10268009239     18,000.00       17,973.09     04/10/97     03/10/12     178.78     05/10/97    40.0       12.000        216.03
10268009509     13,850.00       13,850.00     02/28/97     01/28/12     177.44     03/28/97    78.7       12.750        172.96
10268009531     49,700.00       49,700.00     04/11/97     03/11/12     178.82     04/11/97    78.9       13.750        579.06
10268009551     85,000.00       85,000.00     03/10/97     02/10/12     177.86     04/10/97    82.5       10.400        771.18
10268009622    126,000.00      126,000.00     04/10/97     03/10/12     178.78     04/10/97    60.0       10.990      1,198.98
10268009632    117,000.00      116,978.49     04/10/97     03/10/12     178.78     05/10/97    60.0       10.990      1,113.33
10268009806     77,350.00       77,350.00     04/18/97     03/18/12     179.05     04/18/97    85.0       12.000        928.33
10268009814     23,300.00       23,300.00     03/14/97     02/14/12     177.99     04/14/97    79.9       12.700        290.22
10268009866     26,100.00       26,100.00     03/11/97     02/11/12     177.90     04/11/97    89.9       12.750        325.95
10268009897     51,000.00       51,000.00     04/26/97     03/26/17     239.31     04/26/97    85.0       11.700        550.92
10268010003    121,600.00      121,467.46     03/07/97     02/07/27     357.76     04/07/97    80.0       10.650      1,125.98
10268010070     62,300.00       62,300.00     04/17/97     03/17/27     359.01     04/17/97    87.7       11.300        607.46
10268010072     47,000.00       47,000.00     04/03/97     03/03/12     178.55     05/03/97    84.9       13.600        613.34
10268010079     73,320.00       73,320.00     04/05/97     03/05/12     178.62     05/05/97    84.9       12.500        782.51
10268010091     20,000.00       20,000.00     03/28/97     02/28/17     238.45     04/28/97    65.2       13.450        240.75
10268010254     44,000.00       43,868.03     03/20/97     02/20/12     178.19     04/20/97    80.0       13.500        571.26
10268010264     60,000.00       60,000.00     04/07/97     03/07/12     178.68     04/07/97    72.8       12.100        723.97
10268010360     67,000.00       67,000.00     04/12/97     03/12/12     178.85     04/12/97    55.8       12.500        715.06
10268010387     79,500.00       79,500.00     03/14/97     02/14/12     177.99     04/14/97    84.8       12.750        863.92
10268010578     88,000.00       88,000.00     04/10/97     03/10/12     178.78     05/10/97    80.0       10.400        798.40
10268010712     99,400.00       99,400.00     03/27/97     02/27/12     178.42     03/27/97    70.0       12.450      1,057.00
10268010745     32,500.00       32,500.00     04/25/97     03/25/12     179.28     04/25/97    65.0       14.000        432.82
10268010817     22,050.00       22,032.11     03/05/97     02/05/12     177.70     05/05/97    70.0       10.450        200.88
10268010930     18,000.00       18,000.00     04/21/97     03/21/12     179.15     04/21/97    88.2       11.750        213.14
10268010964    110,000.00      110,000.00     04/24/97     03/24/12     179.24     04/24/97    65.6       10.000      1,182.07
10268011016     27,600.00       27,585.58     04/05/97     03/05/12     178.62     05/05/97    84.4       13.100        351.02
10268011036     31,300.00       31,300.00     03/24/97     02/24/12     178.32     03/24/97    84.9       13.500        406.37
10268011054    108,000.00      108,000.00     04/07/97     03/07/12     178.68     04/07/97    74.4       11.050      1,032.59
10268011117     24,000.00       23,973.96     04/10/97     03/10/12     178.78     05/10/97    70.0       10.250        261.59
10268011291     39,000.00       39,000.00     03/28/97     02/28/12     178.45     04/28/97    89.0       11.150        446.95
10268011366     43,600.00       43,600.00     03/18/97     02/18/12     178.13     04/18/97    80.0       11.000        415.21
10268011378     41,300.00       41,300.00     04/05/97     03/05/17     238.62     05/05/97    90.0       13.000        483.86
10268011400     50,000.00       50,000.00     04/26/97     03/26/12     179.31     04/26/97    66.2       11.500        495.15
10268011419     49,800.00       49,800.00     04/17/97     03/17/12     179.01     04/17/97    60.0       12.350        525.70
10268011501     51,500.00       51,500.00     03/05/97     02/05/27     357.70     04/05/97    65.1       10.650        476.88
10268011549     42,000.00       41,930.18     04/21/97     03/21/12     179.15     05/21/97    33.6       10.150        373.24
10268011567     24,800.00       24,742.29     04/17/97     03/17/12     179.01     05/17/97    81.4       13.000        313.78
10268011606    125,500.00      125,347.83     04/17/97     03/17/17     239.01     05/17/97    79.9       11.500      1,338.37
10268011634     21,000.00       21,000.00     03/28/97     02/28/17     238.45     03/28/97    28.7       10.400        208.25
10268011739     36,000.00       36,000.00     04/24/97     03/24/12     179.24     04/24/97    90.0       11.500        356.50
10268011811     22,500.00       22,500.00     04/12/97     03/12/07     118.85     04/12/97    89.9       11.500        316.34
10268011813     84,600.00       84,600.00     03/20/97     02/20/17     238.19     03/20/97    90.0       12.100        937.42
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE                           Page 4  4/17/97
A DIVISION OF SUPERIOR BANK FSB              1997-1 CLASS 1 - 2ND SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                   
                                                                                                                               Zip
 Sale ID     Account     Name                            Address                              City                     State   Code
- -----------------------------------------------------------------------------------------------------------------------------------
<S>        <C>           <C>                           <C>                                  <C>                        <C>   <C>  
 SBC60     10268011872   MONACO ANGELO T               19-21 KERLYN COURT                   ELIZABETH                   NJ    07202
 SBC60     10268011893   SALEMI ALFONSO                14 TUFTS AVE                         EVERETT                     MA    02149
 SBC60     10268011900   ANTANI RAMESH L               494 WOODCREST DR                     MECHANICSBURG               PA    17055
 SBC60     10268011950   BHAMBHANI ASHOK T             1285 STALVEY AVENUE                  MYRTLE BEACH                SC    29577
 SBC60     10268012047   CUNNINGHAM C DALE             2432 PELLAM BOULEVARD                PORT CHARLOTTE              FL    33948
 SBC60     10268012048   DUYCK FRED EDWARD             180 BRADSHAW CIRCLE                  CANDLER                     NC    28715
 SBC60     10268012060   GERSTENFELD NORMA L           629 ROSIER ROAD                      FORT WASHINTON              MD    20744
 SBC60     10268012128   ANTLEY JOSEPH DALE JR         1270 FORT LAMAR ROAD                 CHARLESTON                  SC    29412
 SBC60     10268012129   ROTH SCOTT ALAN               256 PENN STREET                      BATH                        PA    18014
 SBC60     10268012162   KUMAR RAMESH                  95 13 102ND STREET                   OZONE PARK                  NY    11416
 SBC60     10268012191   PAGE DONALD L                 8855 92ND STREET NORTH               SEMINOLE                    FL    34647
 SBC60     10268012210   FABRIZIO MARLENA DE           5540 PINETREE DRIVE                  MIAMI BEACH                 FL    33140
 SBC60     10268012249   WHITE IRVING H III            111 HIGH STREET                      HAMLET                      NC    28345
 SBC60     10268012280   AVGUSH OFFER                  9 DE NOVELLES CIRCLE                 GARNERVILLE                 NY    10923
 SBC60     10268012323   TIEDEMANN NICO                391 A OTTAWA LANE                    STRATFORD                   CT    06497
 SBC60     10268012341   STITT EVELYN S                5730 LAWNMEADOW DRIVE                CHARLOTTE                   NC    28216
 SBC60     10268012362   LIM BRUCE J                   402 WOODBURY ROAD                    WOODBURY                    NY    11797
 SBC60     10268012437   PINOS KAISER F                37-21 94TH STREET                    JACKSON HEIGHTS             NY    11372
 SBC60     10268012493   GRANT PAUL                    123 MILDRED AVE                      STANHOPE                    NJ    07874
 SBC60     10268012521   SMITH JOHN K                  181 NORTH AMBLER STREET              QUAKERTOWN                  PA    18951
 SBC60     10268012540   STONE JOHN FRANKLIN           23889 POINT LOOKOUT ROAD             LEONARDTOWN                 MD    20650
 SBC60     10268012541   GUERRA RAMIRO SR              1228 SWEENEY DRIVE                   RUSKIN                      FL    33570
 SBC60     10268012619   BROWN JOSEPH J                232 BRANDYWINE DRIVE                 SUMMERVILLE                 SC    29485
 SBC60     10268012626   CARAGAY CELIA G               432 GRAPHIC BLVD                     NEW MILFORD                 NJ    07646
 SBC60     10268012637   OLSZEWSKI RAYMOND J           245 GREENWOOD DR                     MARS                        PA    16066
 SBC60     10268012665   ORTIZ HERMINIO LUIS           2234 E 109TH AVENUE                  TAMPA                       FL    33612
 SBC60     10268012679   ABLES PATRICIA E              573 PIERMONT AVE                     PIERMONT                    NY    10968
 SBC60     10268012801   RAMNARINE NEIRAJ              60 W 182ND ST                        BRONX                       NY    10453
 SBC60     10268012926   ERICKSON LEROY P              414 EUDORA STREET                    COLORADO SPRINGS            CO    80911
 SBC60     10268013058   HELLIER CHARLES J IV          6022 GLEN ABBEY LANE                 BRADENTON                   FL    34202
 SBC60     10268013074   PERSAUD NARINI                170-19 HENLEY ROAD                   JAMAICA                     NY    11432
 SBC60     10268013094   SIMON ROBERT L                150 LAWRENCE ROAD                    TRUMBULL                    CT    06611
 SBC60     10268013131   CLEAVER GEORGE R              1271 SCHUBERT RD                     BETHEL                      PA    19507
 SBC60     10268013173   BARTGIS HARRY L               8633 CHESTNUT GROVE ROAD             FREDERICK                   MD    21701
 SBC60     10268013286   ABREU WILLIAM                 8910 104TH ST                        WOODHAVEN                   NY    11418
 SBC60     10268013319   HUGHES TOM A                  6483 NORTHWEST 43RD COURT            CORAL SPRINGS               FL    33067
 SBC60     10268013358   HILLMAN DONALD R JR           404 TANEY DR                         TANEYTOWN                   MD    21787
 SBC60     10268013392   FUENTES CARLOS                448 S GEORGE ST                      YORK                        PA    17403
 SBC60     10268013406   WILSON PEGGY L                3614 OAKMONT AVE                     BALTIMORE                   MD    21215
 SBC60     10268013416   FUNDRELLA MARGARET            124 FRANKLIN AVENUE                  VANDERGRIFT                 PA    15690
 SBC60     10268013437   MCCRACKEN PAULA K             1425 5TH AVE                         FREEDOM                     PA    15042
 SBC60     10268013448   SMOOT DAVID                   444 QUEENSTOWN RD                    SEVERN                      MD    21144
 SBC60     10268013496   MONGELLUZZO MICHELE           350 ADAMS AVE                        STATEN ISLAND               NY    10306
 SBC60     10268013559   PETSKI JAMES L                913 NORTH BEACH WAY                  PANAMA CITY                 FL    32407
 SBC60     10268013574   NACCARATO FRANK M JR          113 NORTHFIELD ST                    KINGSTON                    NY    12401
 SBC60     10268013615   GILLIAM ALPHONZO              617 SOUTHVIEW CIRCLE                 FAYETTEVILLE                NC    28311
 SBC60     10268013632   MARKLINE KEVIN L              631 GORSUCH AVE                      BALTIMORE                   MD    21218
 SBC60     10268013692   ZACHOS PAUL M JR              3951 MARKET STREET                   CLARKSTON                   GA    30021
 SBC60     10268013693   BUFFMAN EDWARD R              12 SMEDLEY DR                        WILLISTOWN TOWNSHIP         PA    19073
 SBC60     10268013702   HENDRICKSON SCOTT             5623 HEREFORD DRIVE                  NEW PORT RICHEY             FL    34655
 SBC60     10268013718   HUNTOON KAREN M               12738 BUCKHORN DRIVE                 HUDSON                      FL    34669
 SBC60     10268013799   FREDERICO JULIA               3548 EISENHOWER DRIVE                HOLIDAY                     FL    34691
 SBC60     10268013810   LENIO GILBERT                 30 CRABTREE LN                       LEVITTOWN                   NY    11756
 SBC60     10268013997   HAMILTON ROY V                3636 SE 166TH PLACE                  PORTLAND                    OR    97236
 SBC60     10268013998   RUTEL JEFFREY S               1927 NORTH DECATUR ROAD              ATLANTA                     GA    30307
 SBC60     10268014004   BREUNING ALFRED J             40 SUNKEN ORCHARD LN                 OYSTER BAY                  NY    11771
 SBC60     10268014009   HOARD DWIGHT L                3670 SALEM DRIVE                     LITHONIA                    GA    30038
 SBC60     10268014048   FAUSNAUGHT HELEN              1517 3RD AVE                         YORK                        PA    17403
 SBC60     10268014050   SMITH DEE                     8855 SE FULLER ROAD                  PORTLAND                    OR    97266
 SBC60     10268014068   ROUHOS COSTAS                 5020 STARDALE DRIVE                  HOLIDAY                     FL    34690
 SBC60     10268014072   BOUNRANGSY SOMPHOU            1644 25TH AVENUE NORTH               ST PETERSBURG               FL    33713
 SBC60     10268014105   LEDERER CYNTHIA               6 CHAPIN RD                          FARMINGDALE                 NY    11735
 SBC60     10268014124   TREAT RAYMOND                 12 HOMESTEAD PATH                    HUNTINGTON                  NY    11743
                      

<CAPTION>

              Principal      Cut-off Date     First                                         Original  Current     Scheduled
              Balance at      Principal     Payment       Maturity     Rem        Date        LTV     Mortgage     Payment
 Account     Origination       Balance        Date          Date       Term       Due         Ratio     Rate      Int & Prin
- -------------------------------------------------------------------------------------------------------------------------
<S>           <C>            <C>             <C>           <C>         <C>        <C>          <C>      <C>       <C>   
10268011872    76,000.00      76,000.00      04/27/97      03/27/12    179.34     04/27/97     71.0      9.850       809.74
10268011893    90,000.00      90,000.00      04/07/97      03/07/12    178.68     04/07/97     58.0     11.000       857.09
10268011900    60,000.00      60,000.00      04/03/97      03/03/17    238.55     05/03/97     74.5     11.250       629.55
10268011950    45,500.00      45,500.00      04/05/97      03/05/27    358.62     04/05/97     70.0      9.600       385.91
10268012047    32,600.00      32,600.00      04/11/97      03/11/12    178.82     04/11/97     79.9     14.000       434.15
10268012048    94,500.00      94,500.00      04/10/97      03/10/27    358.78     04/10/97     85.9      9.750       811.90
10268012060    52,500.00      52,500.00      04/07/97      03/07/17    238.68     05/07/97     90.0     13.150       620.70
10268012128    16,300.00      16,300.00      03/26/97      02/26/12    178.39     03/26/97     27.1     11.750       193.01
10268012129    22,750.00      22,729.28      04/14/97      03/14/12    178.92     05/14/97     84.7     12.990       287.69
10268012162    79,500.00      79,500.00      04/03/97      03/03/12    178.55     04/03/97     88.9     13.000     1,005.87
10268012191    45,900.00      45,900.00      04/03/97      03/03/17    238.55     05/03/97     85.0     12.100       508.60
10268012210    70,000.00      70,000.00      04/06/97      03/06/12    178.65     05/06/97     74.1     12.250       851.41
10268012249    19,000.00      18,915.18      04/17/97      03/17/07    119.01     05/17/97     79.9     13.700       291.59
10268012280   127,500.00     127,500.00      04/07/97      03/07/07    118.68     04/07/97     75.0     12.200     1,844.03
10268012323    75,000.00      75,000.00      04/12/97      03/12/27    358.85     05/12/97     60.0     12.850       820.87
10268012341    53,200.00      53,200.00      04/25/97      03/25/12    179.28     04/25/97     80.0      9.650       560.35
10268012362    38,500.00      38,500.00      04/14/97      03/14/12    178.92     04/14/97     83.7     13.950       454.65
10268012437   200,000.00     199,846.90      04/10/97      03/10/12    178.78     05/10/97     80.0     11.550     1,988.22
10268012493    37,800.00      37,800.00      04/05/97      03/05/12    178.62     04/05/97     89.9     13.200       483.25
10268012521    80,000.00      79,795.10      04/05/97      03/05/27    358.62     05/05/97     45.9     10.750       746.78
10268012540   131,750.00     131,750.00      04/24/97      03/24/27    359.24     04/24/97     85.0     12.500     1,406.11
10268012541    47,600.00      47,600.00      04/19/97      03/19/17    239.08     04/19/97     85.0     10.390       471.72
10268012619    54,000.00      54,000.00      04/19/97      03/19/12    179.08     04/19/97     84.9     10.550       598.59
10268012626    55,000.00      54,978.62      04/12/97      03/12/12    178.85     05/12/97     88.4     12.750       597.68
10268012637    33,685.00      33,685.00      04/17/97      03/17/12    179.01     04/17/97     85.5     12.990       425.98
10268012665    15,500.00      15,500.00      04/04/97      03/04/12    178.59     05/04/97     79.8     14.250       209.03
10268012679   100,000.00     100,000.00      04/04/97      03/04/27    358.59     04/04/97     62.5     11.600       997.93
10268012801   158,400.00     158,400.00      04/21/97      03/21/12    179.15     04/21/97     90.0     11.300     1,544.49
10268012926    44,000.00      44,000.00      04/12/97      03/12/17    238.85     05/12/97     79.6     11.500       469.23
10268013058   166,500.00     166,500.00      04/07/97      03/07/12    178.68     05/07/97     79.8     11.500     1,648.83
10268013074    36,000.00      36,000.00      04/21/97      03/21/27    359.15     04/21/97     78.5     13.000       398.23
10268013094    36,300.00      36,256.04      04/06/97      03/06/12    178.65     05/06/97     83.0     13.300       466.47
10268013131    65,000.00      64,912.78      04/17/97      03/17/17    239.01     05/17/97     54.1     10.600       653.32
10268013173   114,750.00     114,750.00      04/12/97      03/12/27    358.85     04/12/97     81.9     10.750     1,071.17
10268013286    45,160.00      45,126.76      04/10/97      03/10/12    178.78     05/10/97     89.9     13.000       499.56
10268013319    26,500.00      26,428.75      04/19/97      03/19/12    179.08     05/19/97     85.0     13.000       335.29
10268013358    50,000.00      49,028.78      04/03/97      03/03/12    178.55     07/03/97     38.7     12.050       516.23
10268013392    26,250.00      26,250.00      04/17/97      03/17/17    239.01     04/17/97     70.0     11.000       270.95
10268013406    37,800.00      37,800.00      04/04/97      03/04/17    238.59     05/04/97     72.6     14.350       479.69
10268013416    40,500.00      40,496.70      04/13/97      03/13/17    238.88     05/13/97     65.3     10.990       417.76
10268013437    36,000.00      35,882.20      04/12/97      03/12/12    178.85     05/12/97     90.0     10.650       401.30
10268013448    39,000.00      39,000.00      04/18/97      03/18/12    179.05     04/18/97     83.0     10.750       437.17
10268013496    67,000.00      67,000.00      04/14/97      03/14/12    178.92     05/14/97     79.9     12.300       704.68
10268013559    37,150.00      36,961.61      04/17/97      03/17/07    119.01     05/17/97     85.6     10.900       509.64
10268013574    26,100.00      26,100.00      04/05/97      03/05/12    178.62     05/05/97     79.8     14.200       351.10
10268013615    43,400.00      43,400.00      04/26/97      03/26/12    179.31     04/26/97     80.0      9.990       466.11
10268013632    68,000.00      68,000.00      03/26/97      02/26/27    358.39     03/26/97     85.0     11.450       670.80
10268013692    47,623.00      47,623.00      04/19/97      03/19/12    179.08     04/19/97     69.9     10.500       435.63
10268013693    76,000.00      76,000.00      04/18/97      03/18/17    239.05     04/18/97     88.1     11.600       815.73
10268013702    11,500.00      11,500.00      04/11/97      03/11/12    178.82     04/11/97     39.7     11.000       130.71
10268013718    17,000.00      16,977.46      04/14/97      03/14/12    178.92     05/14/97     79.0     12.750       212.30
10268013799    22,000.00      22,000.00      04/19/97      03/19/07    119.08     04/19/97     40.0      9.750       287.69
10268013810   107,250.00     107,250.00      04/25/97      03/25/12    179.28     04/25/97     65.0     11.500     1,062.09
10268013997    23,900.00      23,900.00      04/24/97      03/24/12    179.24     04/24/97     73.6      9.990       256.68
10268013998    40,000.00      40,000.00      04/03/97      03/03/12    178.55     04/03/97     80.0     11.750       473.65
10268014004   105,000.00     105,000.00      04/19/97      03/19/12    179.08     04/19/97     58.8     10.750       980.16
10268014009    85,000.00      85,000.00      04/18/97      03/18/12    179.05     04/18/97     85.0     12.000       874.32
10268014048    41,300.00      41,293.19      04/14/97      03/14/12    178.92     05/14/97     70.0     11.250       401.13
10268014050    67,390.00      67,390.00      04/21/97      03/21/17    239.15     04/21/97     85.7     12.250       753.80
10268014068    40,000.00      40,000.00      04/19/97      03/19/17    239.08     04/19/97     80.0     11.990       440.16
10268014072    20,000.00      20,000.00      04/17/97      03/17/12    179.01     04/17/97     86.6     11.150       229.21
10268014105   216,000.00     216,000.00      04/05/97      03/05/12    178.62     04/05/97     90.0     12.250     2,263.46
10268014124    46,000.00      46,000.00      04/07/97      03/07/12    178.68     05/07/97     77.3     13.000       508.85
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE                           Page 5  4/17/97
A DIVISION OF SUPERIOR BANK FSB              1997-1 CLASS 1 - 2ND SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                   
                                                                                                                               Zip
 Sale ID     Account     Name                            Address                              City                     State   Code
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>           <C>                           <C>                                  <C>                        <C>   <C>  
 SBC60     10268014200   JONES CHRISTINE L             1346 FTELEY AVE                      BRONX                       NY    10472
 SBC60     10268014274   HUDDLE KENNETH L              622 MINUTE MAN ROAD                  VIRGINIA BEACH              VA    23462
 SBC60     10268014312   HLAWATI HOWARD T              106 TRILLIUM PLACE                   VENETIA                     PA    15367
 SBC60     10268014416   ALLEN CHARLES                 6 ANDREW LN                          LEVITTOWN                   NY    11756
 SBC60     10268014544   FERNANDEZ EZEQUIEL            2465 TRAPP AVENUE                    COCONUT GROVE               FL    33133
 SBC60     10268014613   FOURNIER HEROHILDA            8401 N LORETTO AVENUE                PHILADELPHIA                PA    19152
 SBC60     10268014723   PALMER LUCILLE                4749 N 12TH STREET                   PHILADELPHIA                PA    19141
 SBC60     10268014729   HUNT PHILIPPE                 66 MIDWOOD STREET                    BROOKLYN                    NY    11225
 SBC60     10268014757   GEIGER PHEBE M                8014 BARBERRY DRIVE                  PORT RICHEY                 FL    34668
 SBC60     10268014914   GREEN GERLEATHA M             16121 13TH AVENUE COURT EAST         TACOMA                      WA    98445
 SBC60     10268015172   LUM JACK                      1101 POLYNESIA DRIVE                 FOSTER CITY                 CA    94404
 SBC60     10268015434   JARRELL WESLEY M              1920 NW 110TH COURT                  PORTLAND                    OR    97229
 SBC60     10268015741   COOK RUTH                     325 OHAYO MOUNTAIN ROAD              WOODSTOCK                   NY    12498
         ----------------------------------------------                                                                            
              139        Sale Total


<CAPTION>

              Principal      Cut-off Date     First                                      Original  Current     Scheduled
              Balance at      Principal     Payment      Maturity     Rem        Date      LTV     Mortgage     Payment
 Account     Origination       Balance        Date         Date       Term       Due       Ratio     Rate      Int & Prin
- -------------------------------------------------------------------------------------------------------------------------
<S>           <C>             <C>           <C>           <C>         <C>        <C>        <C>     <C>         <C>   
10268014200    84,980.00       84,980.00    04/21/97      03/21/17    239.15     04/21/97   89.9    11.150         885.84
10268014274    25,200.00       25,200.00    04/19/97      03/19/12    179.08     04/19/97   80.8    13.000         318.84
10268014312    66,000.00       66,000.00    04/26/97      03/26/12    179.31     04/26/97   69.7    11.500         653.59
10268014416    31,000.00       31,000.00    04/17/97      03/17/12    179.01     04/17/97   79.9     9.900         331.23
10268014544    34,400.00       34,218.00    04/21/97      03/21/12    179.15     05/21/97   62.4    10.300         376.00
10268014613    74,800.00       74,800.00    04/21/97      03/21/12    179.15     04/21/97   85.0     9.650         787.86
10268014723    35,230.00       35,230.00    04/28/97      03/28/12    179.38     04/28/97   76.5    10.050         379.66
10268014729   115,000.00      114,679.86    04/19/97      03/19/12    179.08     05/19/97   51.1    10.250       1,030.52
10268014757    31,500.00       31,500.00    04/19/97      03/19/12    179.08     04/19/97   74.9    11.990         323.77
10268014914    26,400.00       26,400.00    04/21/97      03/21/12    179.15     04/21/97   20.9    11.900         315.15
10268015172   189,000.00      189,000.00    04/26/97      03/26/27    359.31     04/26/97   90.0    10.900       1,785.62
10268015434   145,000.00      145,000.00    04/26/97      03/26/12    179.31     04/26/97   75.7    10.300       1,304.74
10268015741   200,000.00      200,000.00    03/19/97      02/19/12    178.16     04/19/97   45.1    11.250       1,942.52
- ----------------------------------------                              ------                -----------------------------
   139      8,351,471.00    8,347,101.07                              212.16                75.6    11.629      88,741.06
                                                                            
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE                           Page 6 4/17/97
A DIVISION OF SUPERIOR BANK FSB              1997-1 CLASS 1 - 2ND SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                   
                                                                                                                               Zip
 Sale ID     Account      Name                          Address                              City                     State   Code
- -----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>           <C>                           <C>                                  <C>                        <C>   <C>  
 SBCL16     10266139435   WEBER DEAN                    145 BORINQUEN PLACE                  BROOKLYN                   NY    11211
 SBCL16     10266142489   GILLESPIE JOHN J              516-26 SOUTH 42ND STREET             PHILADELPHIA               PA    19104
 SBCL16     10266142490   GILLESPIE JOHN J              501 SOUTH 41ST STREET                PHILADELPHIA               PA    19104
 SBCL16     10266143343   VASQUEZ JORGE                 265 EAST 182ND STREET                BRONX                      NY    10457
 SBCL16     10266143860   CAMPBELL ELI                  259 ROGERS AVENUE                    BROOKLYN                   NY    11225
          ----------------------------------------------                                                                           
                 5      Sale Total                                                                                                 
               268      Total with Superior Bank                                                                                   
               268      Grand Total                                                                                                


<CAPTION>

              Principal      Cut-off Date     First                                      Original  Current     Scheduled
              Balance at      Principal     Payment       Maturity     Rem         Date      LTV   Mortgage     Payment
 Account     Origination       Balance        Date          Date       Term        Due      Ratio    Rate      Int & Prin
- -------------------------------------------------------------------------------------------------------------------------
 <S>         <C>             <C>             <C>           <C>         <C>        <C>        <C>    <C>         <C>   
10266139435     650,000.00      650,000.00   04/01/97      03/01/12    178.49     04/01/97   65.0   11.990        6,841.16
10266142489     495,000.00      494,750.23   04/01/97      03/01/12    178.49     05/01/97   50.0   12.300        5,323.52
10266142490     225,000.00      224,886.47   04/01/97      03/01/12    178.49     05/01/97   50.0   12.300        2,419.78
10266143343     250,000.00      249,919.13   04/01/97      03/01/22    298.49     05/01/97   43.1   14.700        3,144.00
10266143860     120,000.00      119,560.72   04/01/97      03/01/12    178.49     05/01/97   54.5   11.100        1,371.46
- ------------ -----------------------------                             ------                ------------------------------
     5        1,740,000.00    1,739,116.55                             195.73                54.9   12.447       19,099.92
   268       15,598,593.00   15,588,861.57                             209.26                74.6   11.824      167,557.68
   268       15,598,593.00   15,588,861.57                             209.26                74.6   11.824      167,557.68
                                                                              
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE A                Page 1  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                
                                                                                                                            Zip
Sale ID  Account           Name                      Address                            City                       State    Code
- --------------------------------------------------------------------------------------------------------------------------------
<S>      <C>               <C>                       <C>                                <C>                        <C>     <C>  
SB555    10216130135       STICKEL JUANITA J         86 WOODS ROAD                      PITTSBURGH                 PA      15235
SB555    10216132128       SWETT CRAIG L             2256 KING STREET                   SALT LAKE CITY             UT      84109
SB555    10216132287       ISEMAN MICHAEL J          25102 MONTABELLO LAKE ROAD         WORTON                     MD      21678
SB555    10216138353       WILLETT PHILIP D          2162 BLACK WILLOW DRIVE NE         ALBUQUERQUE                NM      87122
SB555    10216139892       SAUVE DONALD              10714 224TH STREET EAST            GRAHAM                     WA      98338
SB555    10216140064       MORSE CINDY LEE           1103 BLAINE AVENUE                 IDAHO FALLS                ID      83402
SB555    10216140517       SANTANIO SUSAN            114 EAST 34TH STREET               LORAIN                     OH      44055
SB555    10216140639       REEVES MALCOLM LEON       773 COUNTRY CLUB DRIVE             STANSBURY PARK             UT      84074
SB555    10216141281       PIERSKI MICHAEL J         7105 W. WATERFORD AVE.             MILWAUKEE                  WI      53220
SB555    10216141493       WILLIAMS JOHN G JR        328 CHURCH                         ORTONVILLE                 MI      48462
SB555    10216141828       GATLIN GLEN L             7223 NE CLOVER BLOSSOM LANE        BREMERTON                  WA      98311
SB555    10216142172       MEIER ERIC S              574 E. BEVERLY                     PONTIAC                    MI      48340
SB555    10216142177       FLINT WILLIAM R           307 PHILLIPS                       CLAWSON                    MI      48017
SB555    10216142450       BARNES SR ARTHUR          5792 GRAYTON                       DETROIT                    MI      48224
SB555    10216142527       LINSON DONALD C           22 POWELL                          OXFORD                     MI      48371
SB555    10216142531       GREGORY JEANETTA Y        6 FAUST COURT                      ANN ARBOR                  MI      48108
SB555    10216142549       WEBER DANIEL N            4174 SOMERVILLE RD.                OXFORD                     OH      45064
SB555    10216142699       BRISCOE DOROTHY P         529 DANTE                          GLENWOOD                   IL      60425
SB555    10216142707       FOWLER YOVONNE            4868 NORTH 62ND STREET             MILWAUKEE                  WI      53218
SB555    10216142708       UTARNACHITT RICHARD V     1530 KIRKWAY                       BLOOMFIELD HILLS           MI      48302
SB555    10216142777       BRYANT SHERYL E           122 W. LONGWOOD                    DETROIT                    MI      48203
SB555    10216142803       DANIELS DONALD DAVID      417 W. CLARENDON AVENUE            ARLINGTON HEIGHTS          IL      60004
SB555    10216142805       HOLSTON L LANELL          2317 OAKTREE DR.                   FAIRFIELD                  OH      45014
SB555    10216142872       DIAZ MARIA REYNA          1101 ELMIRA STREET                 AURORA                     CO      80010
SB555    10216142988       ARREDONDO ESLENDY         4520 N HARDING                     CHICAGO                    IL      60625
SB555    10216142989       FRANCISCO BENJAMIN        2708 WEST NELSON                   CHICAGO                    IL      60618
SB555    10216142997       SCHOMMER WILLIAM D        712 KRISTY STREET                  KAUKAUNA                   WI      54130
SB555    10216142999       ATKINS JEANETTE           949 JEFFERSON                      YPSILANTI                  MI      48197
SB555    10216143055       GOODSPEED STEVEN R        1753 EAST GLENWOOD LANE            HIGHLANDS RANCH            CO      80126
SB555    10216143093       JAWORSKI THOMAS E         28940 BROADMOOR                    LIVONIA                    MI      48154
SB555    10216143126       JUNG DEUK W               1444 NW 204TH PLACE                SHORELINE                  WA      98177
SB555    10216143217       FARIDIAN KIYOUMARCE       23401 RENSSELAER                   OAK PARK                   MI      48237
SB555    10216143386       DAVIS FREDRICK            1254 N HARDING AVENUE              CHICAGO                    IL      60651
SB555    10216143390       YOUNG PATRICIA            354 IRIS LANE                      CHICAGO HEIGHTS            IL      60411
SB555    10216143414       ARCHEY JUDY ANN           4862 NIAGARA                       WAYNE                      MI      48184
SB555    10216143424       KELLEY MICHAEL G          11812 CANTON CENTER                PLYMOUTH                   MI      48170
SB555    10216143538       HINES JAMES BRET          1614 26TH STREET                   OGDEN                      UT      84401
SB555    10216143543       MICELI FRANK C            17135 SE MADISON STREET            PORTLAND                   OR      97233
SB555    10216143603       CHOTOOSING MICHELLE       33 W. 141ST STREET                 RIVERDALE                  IL      60627
SB555    10216143653       ACKLIN JAMES S            1256 EAST 3125 NORTH               LAYTON                     UT      84041
SB555    10216143714       CAMPOS ROSALBA            1816 W. BERWYN                     CHICAGO                    IL      60640
SB555    10216143784       ELLIS THOMAS GRANDY       1233 SOUTH TERRY STREET            LONGMONT                   CO      80501
SB555    10216143804       SAYEED ANGELIQUE M        805 EXMOOR                         OLYMPIA FIELDS             IL      60461
SB555    10216143819       WAY CARMEN L              3531 PARK DR.                      COVINGTON                  KY      41015
SB555    10216143825       LANCELLE KATHLEEN M       327 EAST ANTHONY STREET            HUSTISFORD                 WI      53034
SB555    10216143845       NIELSEN RODNEY            361 SOUTH 200 WEST                 DUCHESNE                   UT      84021
SB555    10216143899       SALAZAR ROMEO P           498 SHENANDOAH TRAIL               ELGIN                      IL      60123
SB555    10216143908       FLEMING GLORIA J          230 HAYES AVE                      ROMEOVILLE                 IL      60446
SB555    10216143937       BLOW JEFFREY S            24588 CHRISTINA                    BROWNSTOWN                 MI      48134
SB555    10216144022       JEROME DELMAR F           97 4TH STREET                      FOND DU LAC                WI      54935
SB555    10216144057       KIME RITA J               14426 NORTH 36TH PLACE             PHOENIX                    AZ      85032
SB555    10216144088       PURCELL DENNIS M          322-324 EAST 1ST STREET            PUEBLO                     CO      81001
SB555    10216144096       PAVIC TOMISLAV            2227 N  JANSSEN AVENUE             CHICAGO                    IL      60614
SB555    10216144127       BURRELL LINELL JR         3488 BALFOUR                       DETROIT                    MI      48224
SB555    10216144152       EISHOW GABRAIL G          3440 E SOUTHERN #1097              MESA                       AZ      85204
SB555    10216144234       FENWICK MONTY RAY         1327 NORTH MAIN STREET             FARMINGTON                 UT      84025
SB555    10216144271       BISBEE JEFFREY S          2207 HILL STREET                   FLINT                      MI      48503
SB555    10216144273       IAQUINTA JOHN             38696 WAKEFIELD COURT              FARMINGTON HILLS           MI      48167
SB555    10216144321       STEIN RICHARD L           6578 BULL HILL COURT               COLORADO SPRINGS           CO      80919
SB555    10216144426       MASON LINDA L             905 WINTHROP COURT                 ZION                       IL      60099
SB555    10216144446       CLARK JOHN H              3466 ELLIOT                        HOLLY                      MI      48442

<CAPTION>


                   Principal        Cut-off Date        First                   Initial     Minimum      Maximum 
                  Balance at         Principal         Payment       Maturity   Mortgage    Mortgage     Mortgage    Gross
Account           Origination         Balance            Date          Date       Rate       Rate          Rate     Margin
- ---------------------------------------------------------------------------------------------------------------------------
<S>               <C>               <C>               <C>            <C>         <C>         <C>          <C>       <C>
10216130135        44,900.00         44,818.49        12/01/96       11/01/26    11.000      10.000       17.000    6.500
10216132128       140,000.00        139,481.75        12/01/96       11/01/26    10.750      10.750       16.750    7.000
10216132287       135,550.00        135,391.32        02/01/97       01/01/27    10.625       9.625       16.625    6.250
10216138353       150,000.00        149,926.22        03/01/97       02/01/27     9.500       8.500       15.500    5.250
10216139892        98,000.00         98,000.00        05/01/97       04/01/27    11.125      10.125       17.125    6.750
10216140064        53,640.00         53,601.56        03/01/97       02/01/27    11.000      10.000       17.000    6.750
10216140517        26,300.00         26,300.00        05/01/97       04/01/27     8.730       7.730       14.730    5.000
10216140639        94,240.00         94,174.65        02/01/97       01/01/27    13.000      12.000       19.000    8.250
10216141281        59,000.00         59,000.00        05/01/97       04/01/27    11.250      10.250       17.250    6.000
10216141493       157,800.00        157,800.00        05/01/97       04/01/27    11.000      10.000       17.000    7.000
10216141828       136,000.00        136,000.00        05/01/97       04/01/27    11.000      10.000       17.000    6.500
10216142172        58,500.00         58,469.66        04/01/97       03/01/27     9.250       8.250       15.250    4.500
10216142177        94,500.00         94,500.00        05/01/97       04/01/27    11.125      10.125       17.125    6.000
10216142450        60,000.00         60,000.00        05/01/97       04/01/27    12.625      11.625       18.625    7.500
10216142527        50,700.00         50,700.00        04/01/97       03/01/27    12.375      11.375       18.375    7.750
10216142531        56,800.00         56,800.00        05/01/97       04/01/27    12.625      11.625       18.625    7.500
10216142549        80,000.00         80,000.00        05/01/97       04/01/27     9.250       8.250       15.250    5.750
10216142699       114,700.00        114,700.00        05/01/97       04/01/27    11.000      10.000       17.000    6.500
10216142707        35,200.00         35,200.00        05/01/97       04/01/27    11.000      10.000       17.000    6.500
10216142708       799,000.00        799,000.00        05/01/97       04/01/27    12.750      11.750       18.750    8.000
10216142777        26,200.00         26,200.00        05/01/97       04/01/27    11.000      10.000       17.000    6.000
10216142803       172,000.00        172,000.00        05/01/97       04/01/27     9.250       8.250       15.250    4.500
10216142805       137,700.00        137,700.00        05/01/97       04/01/27     9.875       9.875       15.875    6.250
10216142872        61,200.00         61,200.00        05/01/97       04/01/27    10.375      10.375       16.375    7.000
10216142988       116,100.00        116,100.00        05/01/97       04/01/27    10.250       9.250       16.250    5.750
10216142989       102,750.00        102,750.00        05/01/97       04/01/27     9.500       9.500       15.500    5.750
10216142997       115,600.00        102,000.00        05/01/97       04/01/27    10.250       9.250       16.250    5.750
10216142999        50,900.00         50,900.00        05/01/97       04/01/27    10.500       9.500       16.500    5.750
10216143055       209,600.00        209,600.00        05/01/97       04/01/27     7.875       7.875       13.875    4.500
10216143093        94,000.00         94,000.00        05/01/97       04/01/27    11.750      10.750       17.750    8.000
10216143126       160,437.00        160,437.00        05/01/97       04/01/27    10.750       9.750       16.750    6.500
10216143217        53,500.00         53,500.00        05/01/97       04/01/27    10.500       9.500       16.500    7.500
10216143386        96,000.00         96,000.00        05/01/97       04/01/27    11.250      11.250       17.250    7.500
10216143390        64,000.00         64,000.00        05/01/97       04/01/27    12.625      11.625       18.625    7.500
10216143414        37,500.00         37,489.27        04/01/97       03/01/27    12.000      11.000       18.000    7.000
10216143424       184,400.00        184,293.90        04/01/97       03/01/27     8.750       7.750       14.750    5.500
10216143538       144,000.00        144,000.00        04/01/97       03/01/27     9.625       9.625       15.625    6.000
10216143543       100,500.00        100,500.00        05/01/97       04/01/27     9.875       9.875       15.875    6.500
10216143603        66,400.00         66,400.00        05/01/97       04/01/27    12.625      11.625       18.625    7.500
10216143653       134,100.00        134,100.00        05/01/97       04/01/27     9.125       9.125       15.125    5.750
10216143714       146,000.00        146,000.00        05/01/97       04/01/27    10.500       9.500       16.500    5.750
10216143784       124,200.00        124,200.00        05/01/97       04/01/27     8.375       8.375       14.375    5.000
10216143804       143,100.00        143,100.00        05/01/97       04/01/27     8.625       8.625       14.625    5.000
10216143819        35,000.00         35,000.00        05/01/97       04/01/27    10.000       9.000       16.000    5.500
10216143825        99,000.00         99,000.00        05/01/97       04/01/27     9.875       8.875       15.875    5.000
10216143845        52,500.00         52,500.00        05/01/97       04/01/27    11.250      11.250       17.250    7.900
10216143899       135,000.00        135,000.00        05/01/97       04/01/27     9.000       8.000       15.000    4.500
10216143908        72,000.00         72,000.00        05/01/97       04/01/27     8.875       8.875       14.875    5.250
10216143937       126,000.00        126,000.00        05/01/97       04/01/27    10.250       9.250       16.250    6.750
10216144022        85,500.00         85,500.00        05/01/97       04/01/27    10.250       9.250       16.250    5.750
10216144057        62,700.00         62,700.00        05/01/97       04/01/27    10.375       9.375       16.375    6.000
10216144088        48,450.00         48,450.00        05/01/97       04/01/27    10.625       9.625       16.625    6.250
10216144096       615,000.00        615,000.00        05/01/97       04/01/27     8.250       8.250       14.250    6.000
10216144127        62,900.00         62,900.00        05/01/97       04/01/27    10.875       9.875       16.875    6.250
10216144152        78,900.00         78,900.00        05/01/97       04/01/27    10.750       9.750       16.750    6.500
10216144234       116,800.00        116,800.00        05/01/97       04/01/27    12.000      11.000       18.000    7.750
10216144271        63,600.00         63,600.00        05/01/97       04/01/27    12.625      11.625       18.625    7.500
10216144273       249,900.00        249,900.00        05/01/97       04/01/27     8.125       8.125       14.125    4.750
10216144321       144,000.00        144,000.00        05/01/97       04/01/27    10.875       9.875       16.875    6.500
10216144426        72,000.00         72,000.00        05/01/97       04/01/27    12.125      11.125       18.125    6.750
10216144446       121,500.00        121,500.00        05/01/97       04/01/27     9.875       8.875       15.875    6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE A                Page 2  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                
                                                                                                                            Zip
Sale ID  Account           Name                      Address                            City                       State    Code
- --------------------------------------------------------------------------------------------------------------------------------
<S>      <C>               <C>                       <C>                                <C>                        <C>     <C>  
SB555    10216144466       MOEN TOVA L               515 SOUTH 323RD PLACE #F-16        FEDERAL WAY                WA      98003
SB555    10216144472       KELLERMAN DAVID F         465 SILVER SPRINGS CIRCLE          COLORADO SPRINGS           CO      80919
SB555    10216144506       MCDONALD JOHN A           2260 NW 133RD PLACE                PORTLAND                   OR      97229
SB555    10216144544       HOLIDAY CHAD L            537 N. GARFIELD                    APPLETON                   WI      54911
SB555    10216144620       ZAPATA MARTHA J           15538 EAST BROWN PLACE             AURORA                     CO      80013
SB555    10216144699       GUERRIERO ANTHONY         1122 N. JACKSON                    WAUKEGAN                   IL      60085
SB555    10216144709       MEANS NORA                2052 WEST 69TH PLACE               CHICAGO                    IL      60636
SB555    10216144721       ABU-RAYAN MOHAMED O       3746 WEST 83RD PLACE               CHICAGO                    IL      60629
SB555    10216144733       TEPFENHART STEVEN L       5974 PRINCESS LANE                 CLARKSTON                  MI      48346
SB555    10216144742       AL-JAFER HAEDER           7650 MAPLE                         DEARBORN                   MI      48126
SB555    10216144888       KIMMONS TONNIE            6358 APPLE HILL LANE               MATTESON                   IL      60443
SB555    10216144906       GARY JAMES M JR           17408 HOLMES                       HAZELCREST                 IL      60429
SB555    10216144960       MARTIN CELIA K            8100 WEST QUINCY AVE #D            DENVER                     CO      80123
SB555    10216144994       PICARD ANDREW D           544 NORTH SANDSTONE STREET         GILBERT                    AZ      85234
SB555    10216145084       AL-GHAZALI FARIS          4910-4912 WILLIAMSON               DEARBORN                   MI      48126
SB555    10216145128       SMIDT RANDY W             680 SADDLEMOUNTAIN ROAD            COLORADO SPRINGS           CO      80919
SB555    10216145162       DAVIS VIVIAN D            19953 STOUT                        DETROIT                    MI      48219
SB555    10216145384       BUSH DAN M                420 SW DEVONWOOD                   BEAVERTON                  OR      97005
         -----------       -----------------------                                                                              
          79               Sale Total

<CAPTION>


                   Principal        Cut-off Date        First                   Initial     Minimum      Maximum 
                  Balance at         Principal         Payment       Maturity   Mortgage    Mortgage     Mortgage    Gross
Account           Origination         Balance            Date          Date       Rate       Rate          Rate     Margin
- ---------------------------------------------------------------------------------------------------------------------------
<S>               <C>               <C>               <C>            <C>          <C>         <C>           <C>       <C>
10216144466          30,000.00         30,000.00        05/01/97       04/01/27     8.625       8.625       14.625    5.250
10216144472         154,000.00        154,000.00        05/01/97       04/01/27     8.375       8.375       14.375    5.000
10216144506         752,000.00        752,000.00        05/01/97       04/01/27    10.750       9.750       16.750    6.500
10216144544          37,600.00         37,600.00        05/01/97       04/01/27    11.250      11.250       17.250    7.500
10216144620          94,350.00         94,350.00        05/01/97       04/01/27     9.875       9.875       15.875    6.500
10216144699         110,500.00        110,500.00        05/01/97       04/01/27     9.000       8.000       15.000    4.500
10216144709          38,200.00         38,200.00        05/01/97       04/01/27     9.000       8.000       15.000    4.500
10216144721          83,000.00         83,000.00        05/01/97       04/01/27     8.875       8.875       14.875    6.000
10216144733          89,900.00         89,900.00        05/01/97       04/01/27     9.250       8.250       15.250    5.500
10216144742          51,700.00         51,700.00        05/01/97       04/01/27     9.375       9.375       15.375    5.750
10216144888         170,000.00        170,000.00        05/01/97       04/01/27     8.125       8.125       14.125    4.500
10216144906         111,600.00        111,600.00        05/01/97       04/01/27     9.875       8.875       15.875    5.000
10216144960          49,500.00         49,500.00        05/01/97       04/01/27    10.750       9.750       16.750    6.000
10216144994         100,000.00        100,000.00        05/01/97       04/01/27    10.000       9.000       16.000    5.750
10216145084          97,200.00         97,200.00        05/01/97       04/01/27     9.625       9.625       15.625    5.750
10216145128         153,000.00        153,000.00        05/01/97       04/01/27    10.500       9.500       16.500    6.000
10216145162          30,000.00         30,000.00        05/01/97       04/01/27    10.750       9.750       16.750    5.750
10216145384          76,800.00         76,800.00        05/01/97       04/01/27     9.750       8.750       15.750    5.250
- -----------       ------------      ------------                                   ----------------------------------------
 79               9,455,117.00      9,440,433.82                                   10.233       9.562       16.233    6.184
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE A                Page 3  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                
                                                                                                                            Zip
Sale ID  Account           Name                      Address                            City                       State    Code
- --------------------------------------------------------------------------------------------------------------------------------
<S>      <C>               <C>                       <C>                                <C>                        <C>     <C>  
SBC556   10218001611       WELSH JANET M             47 KENMORE RD                      EDISON                     NJ      08817
SBC556   10218001640       GREGORY THOMAS R          24 GOODHART DR                     LIVINGSTON                 NJ      07039
SBC556   10218004121       ESPINAL DANILO            10631 77TH ST                      OZONE PARK                 NY      11417
SBC556   10218004123       BENJAMIN THORA            275 NUBER AVE                      MOUNT VERNON               NY      10550
SBC556   10218004319       JACKSON VALERIE WHITE     340 HACKBERRY DRIVE                NEW CASTLE                 DE      19720
SBC556   10218005034       ANDERSON DANIEL           4122 60TH STREET COURT W           BRADENTON                  FL      34209
SBC556   10218005564       SOLOMON JAY S             9950 VINE RD                       BREINIGSVILLE              PA      18031
SBC556   10218005670       ROY SAMAR N               RAVENA DRIVE LOT 21                POMONA                     NY      10971
SBC556   10218005829       DEMEO RONALD S            256 MOE RD                         CLIFTON PARK               NY      12065
SBC556   10218006179       BRAGG HARRY E III         9110 FRENCHMENS CREEK ROAD         PHOENIX                    NY      13127
SBC556   10218006704       WARDEN JENNIFER F         34 GRANT ROAD                      DAWSONVILLE                GA      30534
SBC556   10218006750       GONZALES ROBERTO          21 LOT MEADOW LARK DRIVE           EFFORT                     PA      18330
SBC556   10218006943       MURPHY JAMES              85 JERVIS RD                       YONKERS                    NY      10705
SBC556   10218007003       SACHSE LINDA              3258 FOX LAKE DR                   TAMPA                      FL      33618
SBC556   10218007402       KILLIAN ROBERT G          RD 1 BOX 1667                      NESCOPECK                  PA      18635
SBC556   10218007714       BUCK HAROLD G             2139 FAIRVIEW ST                   WEST LAWN                  PA      19609
SBC556   10218007953       BUSSE STEVE               2050 HILTON AVENUE                 DOVER                      PA      17315
SBC556   10218007984       FOSTER SHARON             727 CHATSWORTH RD                  TABERNACLE                 NJ      08088
SBC556   10218008111       DONNELLY VALERIE          266 LINDENWOOD RD                  STATEN ISLAND              NY      10308
SBC556   10218008513       GALLO LOUIS V             15-19 BOULEVARD                    KINGSTON                   NY      12401
SBC556   10218008608       SKRIVANIC IVAN            92 CRESCENT AVE                    CLIFFSIDE PARK             NJ      07010
SBC556   10218008628       SWIGONIAK MARCEL P        437 WESTERVELT AVENUE              STATEN ISLAND              NY      10301
SBC556   10218008757       VIGUE STEVEN L            4250 SW 102ND AVE                  DAVIE                      FL      33328
SBC556   10218008816       COSTA KEVIN L             180 FISH HILL ROAD                 COVENTRY                   RI      02816
SBC556   10218008862       DONEGAN HATTIE MARIE      208 MARKET ST                      STATEN ISLAND              NY      10310
SBC556   10218009043       HAIMSON JEFFREY           9 FOX HOLLOW RD                    MONTVILLE                  NJ      07045
SBC556   10218009058       TORRES MARIA              1205 E 95TH ST                     BROOKLYN                   NY      11236
SBC556   10218009092       CAMACHO CLAUDIO           385 REGINA AVE                     HAMILTON                   NJ      08619
SBC556   10218009253       WARFORD EDWARD            2707 SPRUCE DR                     LAKEHURST                  NJ      08733
SBC556   10218009257       MAZZOLLA RICHARD V        43 SPRING VALLEY RD                HARDWICK                   NJ      07825
SBC556   10218009287       BUBB STEPHEN              4765 COVERED BRIDGE RD             MILLVILLE                  NJ      08332
SBC556   10218009371       SMITH GEORGE W            1061 WEATHERSFIELD DR              DUNEDIN                    FL      34698
SBC556   10218009409       CIPOLLETTI MICHAEL        68 ESSEX ST                        LYNN                       MA      01902
SBC556   10218009414       TAYLOR STARLEANA          249 STANDISH AVE                   HACKENSACK                 NJ      07601
SBC556   10218009463       CRILLS DAVID L            2009 MEADOW RIDGE DRIVE            LANCASTER                  PA      17601
SBC556   10218009573       MURCH MICHAEL R           3107 LATROBE STREET                NEW PORT RICHEY            FL      34655
SBC556   10218009642       FERNANDEZ LISA MARIE      6 HIDDEN POND CT                   RARITAN                    NJ      08869
SBC556   10218009686       EBERHART MARTHA E         1187 CENTER MILLS RD               ASPERS                     PA      17304
SBC556   10218009693       MCQUEEN HOWARD            118 DEBEVOISE AVENUE               ROOSEVELT                  NY      11575
SBC556   10218009712       HINE PETER C              405 WILLIAMS RD                    WALLINGFORD                CT      06492
SBC556   10218009782       JUNTWAIT ROBERT N JR      12 PARK AVE                        HAWTHORNE                  NJ      07506
SBC556   10218009839       WEINER PATRICIA           22 DARNELL LN                      STATEN ISLAND              NY      10309
SBC556   10218009853       CHURCHILL VAN L           14005 MUNDO CT NE                  ALBUQUERQUE                NM      87112
SBC556   10218009881       HUNTER ROBERT F           89 ELMWOOD DR                      LIVINGSTON                 NJ      07039
SBC556   10218010222       SIMMONS TERRANCE C        119 HANNUM DR                      BEAR                       DE      19701
SBC556   10218010238       DOUCHETTE VANASSA J       313 WINDHAM AVE                    COLCHESTER                 CT      06415
SBC556   10218010344       PUCCIO VINCENT            4921 BAY PKWY                      BROOKLYN                   NY      11230
SBC556   10218010509       TOGIAS SANDRA             8907 GRAND AVE                     NORTH BERGEN               NJ      07047
SBC556   10218010715       CASANA RUBEN              880 MAIN ST                        PATERSON                   NJ      07503
SBC556   10218010721       PASKOWSKI PHILIP W        55 RIDGEWOOD LN                    BERLIN                     CT      06037
SBC556   10218010819       NUNEZ CARMEN              3 AREA PL                          STATEN ISLAND              NY      10314
SBC556   10218010932       ZAVALA FRANCISCO A        14 CAPRI TERRACE                   GAINESVILLE                GA      30504
SBC556   10218011002       SANCHEZ HERMAN D          8209 CAMINO PAISANO NORTHWEST      ALBUQUERQUE                NM      87120
SBC556   10218011023       BROWN BILLY J             375 VALLEY GROVE RD                CEDARTOWN                  GA      30125
SBC556   10218011157       DERO GREGORY S            219 FRANKLIN AVE                   PHOENIXVILLE               PA      19460
SBC556   10218011183       WHITE BOB G               3433 KEITH BRIDGE RD               GAINESVILLE                GA      30504
SBC556   10218011197       SIMELA ERNEST D           708 BUNKER RD                      NORTH WOODMERE             NY      11581
SBC556   10218011198       TOWERY DURHAM S.          6126 OXFORD SCHOOL ROAD            CLAREMONT                  NC      28610
SBC556   10218011212       RIDDLE DAYNE K            505 SPRINGVALE RD                  RED LION                   PA      17356
SBC556   10218011246       JEAN MARLINE              1468 E 88TH ST                     BROOKLYN                   NY      11236
SBC556   10218011319       JONES HENRY               9285 SWEETBRIAR TRACE              JONESBORO                  GA      30236

<CAPTION>


                   Principal        Cut-off Date        First                   Initial     Minimum      Maximum 
                  Balance at         Principal         Payment       Maturity   Mortgage    Mortgage     Mortgage    Gross
Account           Origination         Balance            Date          Date       Rate       Rate          Rate     Margin
- ---------------------------------------------------------------------------------------------------------------------------
<S>               <C>               <C>               <C>            <C>          <C>         <C>           <C>       <C>
10218001611       110,500.00        110,296.71        01/01/97       12/01/26      9.875       9.875        15.875    7.125
10218001640       300,000.00        299,342.90        12/01/96       11/01/26     10.125      10.125        16.125    6.750
10218004121       243,000.00        242,423.85        12/01/96       11/01/26      9.750       8.750        15.750    6.750
10218004123       261,000.00        260,791.65        03/01/97       02/01/27     10.500       9.500        16.500    6.750
10218004319       146,700.00        146,400.15        01/01/97       12/01/26      9.375       9.375        15.375    5.750
10218005034        70,400.00         70,380.95        03/01/97       02/01/27     12.250      11.250        18.250    7.500
10218005564       102,400.00        102,326.64        03/01/97       02/01/27     11.000      10.000        17.000    6.000
10218005670       264,150.00        263,736.00        02/01/97       01/01/27      9.250       9.250        15.250    5.875
10218005829       106,400.00        106,345.26        03/01/97       02/01/27     12.500      11.500        18.500    7.500
10218006179       108,800.00        108,765.23        03/01/97       02/01/27     11.500      10.500        17.500    8.000
10218006704       138,000.00        137,870.72        03/01/97       02/01/27      9.750       8.750        15.750    5.250
10218006750       125,800.00        125,613.08        01/01/97       12/01/26     10.875       9.875        16.875    7.250
10218006943       163,200.00        163,051.11        04/01/97       03/01/27      9.875       9.875        15.875    6.250
10218007003        63,000.00         62,925.34        03/01/97       02/01/27      8.625       7.625        14.625    5.000
10218007402        42,500.00         42,486.61        03/01/97       02/01/27     11.625      10.625        17.625    7.250
10218007714        73,900.00         73,900.00        05/01/97       04/01/27     10.250       9.250        16.250    5.750
10218007953        48,000.00         47,977.01        03/01/97       02/01/27      9.625       8.625        15.625    6.000
10218007984       113,400.00        113,299.24        03/01/97       02/01/27     10.000       9.000        16.000    5.750
10218008111       110,000.00        110,000.00        05/01/97       04/01/27     12.500      11.500        18.500    7.125
10218008513        74,400.00         74,400.00        05/01/97       04/01/27      8.875       8.875        14.875    5.000
10218008608       228,000.00        227,884.86        04/01/97       03/01/27      9.375       8.375        15.375    6.000
10218008628        90,000.00         89,942.61        04/01/97       03/01/27      8.250       8.250        14.250    4.625
10218008757       255,850.00        255,748.33        03/01/97       02/01/27     10.500       9.500        16.500    6.500
10218008816       100,000.00        100,000.00        05/01/97       04/01/27      9.750       9.750        15.750    6.000
10218008862       117,900.00        117,850.56        04/01/97       03/01/27     10.250      10.250        16.250    6.625
10218009043       347,700.00        347,700.00        04/01/97       03/01/27      8.625       8.625        14.625    6.500
10218009058       106,250.00        106,203.75        04/01/97       03/01/27     10.075      10.075        16.075    6.200
10218009092       119,300.00        119,300.00        04/01/97       03/01/27      9.000       8.000        15.000    5.500
10218009253        68,918.00         68,918.00        05/01/97       04/01/27     11.125      10.125        17.125    6.000
10218009257       181,900.00        181,810.53        04/01/97       03/01/27      9.500       8.500        15.500    5.000
10218009287       145,350.00        145,350.00        05/01/97       04/01/27     11.250      10.250        17.250    6.750
10218009371       176,000.00        175,826.18        03/01/97       02/01/27      9.500       8.500        15.500    5.250
10218009409       126,000.00        125,849.82        03/01/97       02/01/27     10.490       9.490        16.490    6.750
10218009414       148,000.00        147,953.99        04/01/97       03/01/27     11.625      11.625        17.625    8.000
10218009463       163,800.00        163,800.00        04/01/97       03/01/27     10.250       9.250        16.250    5.750
10218009573        42,500.00         42,500.00        05/01/97       04/01/27     10.875       9.875        16.875    6.000
10218009642       140,000.00        140,000.00        04/01/97       03/01/27      9.875       8.875        15.875    6.000
10218009686        85,990.00         85,949.67        04/01/97       03/01/27      9.750       8.750        15.750    5.500
10218009693       113,900.00        113,852.22        04/01/97       03/01/27     10.875       9.875        16.875    7.250
10218009712       189,000.00        188,822.94        03/01/97       02/01/27      9.750       8.750        15.750    5.250
10218009782       152,800.00        152,752.49        04/01/97       03/01/27     11.625      11.625        17.625    8.250
10218009839       200,000.00        200,000.00        05/01/97       04/01/27      9.125       9.125        15.125    5.750
10218009853       242,000.00        241,790.64        03/01/97       02/01/27     10.125      10.125        16.125    6.750
10218009881       200,000.00        199,904.19        04/01/97       03/01/27      9.625       9.625        15.625    6.000
10218010222       120,000.00        119,954.82        04/01/97       03/01/27     10.750       9.750        16.750    5.500
10218010238        75,200.00         74,742.08        03/01/97       02/01/27      9.750       8.750        15.750    5.500
10218010344        78,000.00         78,000.00        05/01/97       04/01/27      9.375       9.375        15.375    6.500
10218010509       135,575.00        135,575.00        05/01/97       04/01/27     10.750       9.750        16.750    7.500
10218010715        68,000.00         67,972.24        04/01/97       03/01/27     10.375       9.375        16.375    5.500
10218010721       147,900.00        147,802.38        03/01/97       02/01/27     11.375      11.375        17.375    7.750
10218010819        80,000.00         80,000.00        04/01/97       03/01/27      9.375       9.375        15.375    6.000
10218010932        84,000.00         84,000.00        05/01/97       04/01/27     11.375      10.375        17.375    6.750
10218011002       128,700.00        128,647.46        04/01/97       03/01/27     10.375      10.375        16.375    6.750
10218011023        80,000.00         80,000.00        05/01/97       04/01/27     10.875       9.875        16.875    6.750
10218011157        96,000.00         96,000.00        05/01/97       04/01/27      8.750       7.750        14.750    4.500
10218011183        74,375.00         74,375.00        04/01/97       03/01/27     11.375      11.375        17.375    7.750
10218011197       261,000.00        261,000.00        05/01/97       04/01/27     10.250       9.250        16.250    5.750
10218011198        53,125.00         53,105.54        04/01/97       03/01/27     10.875       9.875        16.875    6.250
10218011212        89,100.00         89,051.33        04/01/97       03/01/27      9.000       8.000        15.000    5.500
10218011246       225,250.00        225,177.22        04/01/97       03/01/27     11.450      10.450        17.450    7.750
10218011319       137,600.00        137,600.00        04/01/97       03/01/27     11.750      10.750        17.750    7.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE A                Page 4  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                
                                                                                                                            Zip
Sale ID  Account           Name                      Address                            City                       State    Code
- --------------------------------------------------------------------------------------------------------------------------------
<S>      <C>               <C>                       <C>                                <C>                        <C>     <C>  
SBC556   10218011323       BLANCHARD DOUGLAS JR      110 PRIMROSE COURT                 FAYETTEVILLE               GA      30214
SBC556   10218011383       LOMBANA ALVARO            14 GLOVER DR                       DIX HILLS                  NY      11746
SBC556   10218011537       WHITMAN WILLIAM E III     364 N HARRISON ST                  LEBANON                    PA      17046
SBC556   10218011583       HAUPTMAN HIRSH            66 ERIE ST                         ELIZABETH                  NJ      07206
SBC556   10218011676       LAMPKIN GRETA A           5-7 TALCOTT AVE                    VERNON                     CT      06066
SBC556   10218011724       MAZZEI CHRISTOPHER        15 VAN SYCKEL RD                   UNION TOWNSHIP             NJ      08827
SBC556   10218011778       FEEHAN KIMBERLY A         73 ATHERTON CT                     WAYNE                      NJ      07470
SBC556   10218011781       JACKSON NICHOLA           2209 LIGHT ST                      BRONX                      NY      10466
SBC556   10218011788       BAUER BRUCE W             906 TURNER STREET                  CLEARWATER                 FL      34616
SBC556   10218011790       MINIUM RALPH C            1318 PENN STREET                   HARRISBURG                 PA      17102
SBC556   10218011835       ROMANOFF DAVID            840 PARK AVE                       ELIZABETH                  NJ      07208
SBC556   10218011854       REID DARRELL              116 ALABAMA AVENUE                 GOLDSBORO                  NC      27530
SBC556   10218011884       DURBROW CHAD C            313 GARDENIA ROAD                  VENICE                     FL      34293
SBC556   10218011912       ZELAYA OSCAR              47 B BRIGHTON 10 CT                BROOKLYN                   NY      11235
SBC556   10218011915       BURNS MARIELL             3508 29TH STREET EAST              BRADENTON                  FL      34208
SBC556   10218012034       IVALDI GUY                27 MANOR DRIVE                     OAK RIDGE                  NJ      07438
SBC556   10218012132       LIME ARTHUR W JR          71 MILL LANE WEST                  COLCHESTER                 CT      06415
SBC556   10218012136       BEYDA JACK                1479 EAST 5TH STREET               BROOKLYN                   NY      11230
SBC556   10218012273       HAFEEZ MIAN JUNAID        33 TOWERS ST                       JERSEY CITY                NJ      07304
SBC556   10218012274       PATTON LURIA              85 UNION STREET                    FREEPORT                   NY      11520
SBC556   10218012443       SHADLE ROBERT L           434 W MAIN STREET                  LYKENS                     PA      17048
SBC556   10218012444       PUCCINO JOSEPH            555 RUTH ST                        BRIDGEPORT                 CT      06606
SBC556   10218012490       PELUSO MICHAEL V          662 FOOTHILL ROAD                  BRIDGEWATER                NJ      06607
SBC556   10218012561       WEISER DAVID D            67 COAL ST                         PORT CARBON                PA      17965
SBC556   10218012577       VISWANATH BANAD           91-16 23RD AVENUE                  EAST ELMHURST              NY      11369
SBC556   10218012615       MAYNARD NANCY J           5423 PAGE DRIVE                    PITTSBURGH                 PA      15236
SBC556   10218012714       ABURTO DAVID W            21 HEATHER DR                      LEWES                      DE      19958
SBC556   10218012875       VESCIO ANGELO             94-08 ALBERT ROAD                  OZONE PARK                 NY      11417
SBC556   10218012911       KLEIST CORDELIA E VON     2912 MONTCLAIRE NORTHEAST DR       ALBUQUERQUE                NM      87110
SBC556   10218012912       PETROSA MARILYN           24 ROSS RD                         SCARSDALE                  NY      10583
SBC556   10218012924       EASTER SCOTT E            244 HIGH ST                        AMBRIDGE                   PA      15003
SBC556   10218013005       WINTER SUZANNE            1508 ALLISON STREET NW             WASHINGTON                 DC      20011
SBC556   10218013070       BIGBY LEROY               84 GARNET PL                       ELMONT                     NY      11003
SBC556   10218013073       DUCA ANTHONY              102 E 21ST AVE                     NORTH WILDWOOD             NJ      08260
SBC556   10218013082       TIMOTHY GREGORY           864 EPPLEY ROAD                    MECHANICSBURG              PA      17055
SBC556   10218013177       SHETZLINE ELEANOR M       125 CLOVER CIRCLE                  SOUTHAMPTON                PA      18966
SBC556   10218013188       GRIFFITH ROBERT J         395 MADISON AVE                    BRENTWOOD                  NY      11717
SBC556   10218013206       WALLACE MARGARET D        1501 BIDEN AVENUE                  MONROE TOWNSHIP            NJ      08089
SBC556   10218013225       VISWANATH BANAD           91-20 23RD AVENUE                  EAST ELMHURST              NY      11369
SBC556   10218013230       GREENE MURDOCK            1511 22ND AVENUE SOUTH             ST PETERSBURG              FL      33705
SBC556   10218013278       GOODWIN WILLIAM           1 CHATFIELDS LANE                  EAST HAMPTON               NY      11937
SBC556   10218013285       ZALESKI KEVIN             3205 SWEDE STREET                  NORRISTOWN                 PA      19401
SBC556   10218013294       CHAPONNIERE THERESA R     301 N JEROME ST                    ALLENTOWN                  PA      18103
SBC556   10218013333       CURTIS SHARON A           433-435 E 26TH STREET              ERIE                       PA      16504
SBC556   10218013344       RODRIQUEZ ROGER           320 CLERMONT AVENUE                BROOKLYN                   NY      11205
SBC556   10218013365       REID JAMES E              5517 HADDON AVE                    BALTIMORE                  MD      21207
SBC556   10218013523       BRENNEMAN DONNA E         422 E MARKET STREET                POTTSVILLE                 PA      17901
SBC556   10218013665       HALL EDDIE L JR           318 ELMWYND DRIVE                  ORANGE                     NJ      07050
SBC556   10218013668       BORIS JAMES E JR          6316 JOSHUA ROAD                   FORT WASHINGTON            PA      19034
SBC556   10218013775       LITTLER RICKEY            1203 WINDERMERE WAY                TAMPA                      FL      33619
SBC556   10218013829       CONNOR WENDY              17 NOTT LN                         ESSEX                      CT      06426
SBC556   10218013890       HALE GEORGE W III         156 ROWLEY RD                      WOODBURY                   CT      06798
SBC556   10218014137       MAURILLO NICHOLAS A       16 ALBANY AVE                      NUTLEY                     NJ      07110
SBC556   10218014155       ACEVERO ADINA A           2444 BRIAR KNOLL ROAD              LITHONIA                   GA      30058
SBC556   10218014157       HOLDEN JIMMY              5 MARLYNN DRIVE                    ROME                       GA      30161
SBC556   10218014245       HAMADE JENNIFER J         845 BRANCH TREE WAY                LAWRENCEVILLE              GA      30243
SBC556   10218014382       PANCIERA KAREN BELINDA    4416 EAGLE COURT                   WALDORF                    MD      20603
SBC556   10218014424       BILLARD ROBERT E          101 EDGEWOOD AVENUE                GREEN BROOK                NJ      08812
SBC556   10218014484       BIVINS STEVY              1342 GREENVIEW DRIVE               BETHLEHEM                  PA      18018
SBC556   10218014571       COOK DONALD JR            218 SCHOOL ST                      MC DONALD                  PA      15057
SBC556   10218014584       MCINTOSH BRIAN K          10121 MCINTOSH ROAD                DOVER                      FL      33527


<CAPTION>

                   Principal        Cut-off Date        First                   Initial     Minimum      Maximum 
                  Balance at         Principal         Payment       Maturity   Mortgage    Mortgage     Mortgage    Gross
Account           Origination         Balance            Date          Date       Rate       Rate          Rate     Margin
- ---------------------------------------------------------------------------------------------------------------------------
<S>               <C>               <C>               <C>            <C>          <C>         <C>           <C>       <C>
10218011323       195,500.00        195,500.00        05/01/97       04/01/27      9.125       9.125        15.125    5.500
10218011383       128,000.00        128,000.00        04/01/97       03/01/27     12.750      11.750        18.750    7.500
10218011537        38,900.00         38,887.22        04/01/97       03/01/27     11.375      10.375        17.375    7.250
10218011583       105,600.00        105,600.00        05/01/97       04/01/27      7.875       7.875        13.875    4.500
10218011676        34,400.00         34,387.05        04/01/97       03/01/27     10.750       9.750        16.750    6.250
10218011724       100,000.00        100,000.00        05/01/97       04/01/27      8.875       8.875        14.875    6.250
10218011778       363,500.00        363,351.61        04/01/97       03/01/27     10.375      10.375        16.375    6.750
10218011781       157,250.00        157,196.12        04/01/97       03/01/27     11.875      10.875        17.875    7.250
10218011788        49,000.00         49,000.00        05/01/97       04/01/27     10.125      10.125        16.125    6.500
10218011790        34,015.00         34,004.13        04/01/97       03/01/27     11.500      10.500        17.500    7.000
10218011835       272,000.00        271,855.25        04/01/97       03/01/27      9.125       9.125        15.125    5.500
10218011854        40,500.00         40,485.56        04/01/97       03/01/27     11.000      10.000        17.000    6.000
10218011884        90,000.00         90,000.00        04/01/97       03/01/27     11.750      10.750        17.750    7.250
10218011912       115,830.00        115,830.00        05/01/97       04/01/27      9.375       9.375        15.375    5.750
10218011915        64,000.00         64,000.00        05/01/97       04/01/27     12.750      11.750        18.750    7.500
10218012034       130,000.00        130,000.00        05/01/97       04/01/27     11.875      11.875        17.875    8.250
10218012132       100,000.00        100,000.00        05/01/97       04/01/27      9.500       8.500        15.500    5.500
10218012136       159,250.00        159,250.00        04/01/97       03/01/27     12.875      11.875        18.875    7.500
10218012273        95,200.00         95,200.00        05/01/97       04/01/27     12.625      11.625        18.625    8.250
10218012274        93,750.00         93,673.13        03/01/97       02/01/27     10.375      10.375        16.375    6.750
10218012443        72,250.00         72,250.00        05/01/97       04/01/27     11.000      10.000        17.000    6.500
10218012444        63,750.00         63,750.00        05/01/97       04/01/27     11.000      10.000        17.000    6.500
10218012490       350,000.00        350,000.00        05/01/97       04/01/27     10.000      10.000        16.000    6.625
10218012561        41,850.00         41,850.00        05/01/97       04/01/27     10.250       9.250        16.250    5.750
10218012577       185,900.00        185,900.00        05/01/97       04/01/27     10.250       9.250        16.250    5.750
10218012615        58,500.00         58,500.00        05/01/97       04/01/27      9.000       8.000        15.000    4.500
10218012714       126,000.00        126,000.00        05/01/97       04/01/27      9.375       9.375        15.375    5.750
10218012875       280,500.00        280,500.00        05/01/97       04/01/27     11.375      11.375        17.375    7.750
10218012911        68,850.00         68,850.00        05/01/97       04/01/27      9.875       9.875        15.875    6.750
10218012912       425,000.00        425,000.00        05/01/97       04/01/27      8.875       8.875        14.875    5.250
10218012924        40,000.00         40,000.00        05/01/97       04/01/27      9.000       8.000        15.000    4.500
10218013005       124,950.00        124,950.00        05/01/97       04/01/27     11.500      10.500        17.500    6.750
10218013070       152,100.00        152,100.00        04/01/97       03/01/27      9.875       8.875        15.875    6.000
10218013073        75,500.00         75,500.00        05/01/97       04/01/27     10.250       9.250        16.250    5.750
10218013082       127,500.00        127,500.00        05/01/97       04/01/27      9.250       8.250        15.250    4.500
10218013177       161,800.00        161,800.00        05/01/97       04/01/27      9.750       8.750        15.750    5.250
10218013188       121,500.00        121,500.00        04/01/97       03/01/27     10.875       9.875        16.875    6.000
10218013206       145,300.00        145,300.00        04/01/97       03/01/27      9.625       9.625        15.625    5.750
10218013225       187,200.00        187,200.00        05/01/97       04/01/27     10.250       9.250        16.250    5.750
10218013230        47,600.00         47,600.00        05/01/97       04/01/27     11.875      10.875        17.875    7.250
10218013278       170,000.00        170,000.00        05/01/97       04/01/27      8.625       8.625        14.625    5.000
10218013285       104,550.00        104,550.00        05/01/97       04/01/27      9.000       8.000        15.000    4.500
10218013294        48,450.00         48,450.00        05/01/97       04/01/27     10.875       9.875        16.875    6.250
10218013333        33,960.00         33,960.00        05/01/97       04/01/27     11.375      10.375        17.375    7.250
10218013344       279,000.00        279,000.00        05/01/97       04/01/27     10.000       9.000        16.000    5.750
10218013365        99,000.00         98,974.66        04/01/97       03/01/27     12.500      11.500        18.500    8.500
10218013523        32,000.00         32,000.00        05/01/97       04/01/27     12.375      11.375        18.375    7.250
10218013665       144,000.00        144,000.00        05/01/97       04/01/27      9.625       9.625        15.625    6.000
10218013668       198,750.00        198,750.00        05/01/97       04/01/27      9.750       8.750        15.750    5.250
10218013775        47,600.00         47,583.48        04/01/97       03/01/27     11.125      10.125        17.125    6.250
10218013829       127,500.00        127,500.00        05/01/97       04/01/27      9.375       8.375        15.375    4.750
10218013890       139,200.00        139,200.00        05/01/97       04/01/27     10.500       9.500        16.500    6.250
10218014137       140,000.00        140,000.00        05/01/97       04/01/27      9.750       8.750        15.750    5.500
10218014155        72,000.00         72,000.00        05/01/97       04/01/27     11.625      10.625        17.625    7.250
10218014157        85,595.00         85,595.00        05/01/97       04/01/27      8.625       7.625        14.625    3.750
10218014245       160,650.00        160,577.01        04/01/97       03/01/27      9.875       9.875        15.875    6.750
10218014382        79,775.00         79,775.00        05/01/97       04/01/27      9.500       8.500        15.500    5.250
10218014424       256,000.00        256,000.00        05/01/97       04/01/27     11.250      11.250        17.250    7.500
10218014484        67,950.00         67,950.00        05/01/97       04/01/27     10.000       9.000        16.000    5.750
10218014571        52,800.00         52,800.00        05/01/97       04/01/27     11.250      11.250        17.250    7.500
10218014584       120,000.00        120,000.00        05/01/97       04/01/27     10.750      10.750        16.750    6.750
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE A                Page 5  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97

                                                                                                                                
                                                                                                                            Zip
Sale ID  Account           Name                      Address                            City                       State    Code
- --------------------------------------------------------------------------------------------------------------------------------
<S>      <C>               <C>                       <C>                                <C>                        <C>     <C>  
SBC556   10218014693       TORRES EFRAIN G           3813 WEST CARMEN STREET            TAMPA                      FL      33609
SBC556   10218014707       OSTIGUY CHRISTINA         2409 LAKEWOOD RD                   BALTIMORE                  MD      21234
SBC556   10218014841       PENTALERI ROGER JAY       13259 114TH ST                     JAMAICA                    NY      11420
SBC556   10218014904       MARTZ RAYMOND E           10271 36TH STREET NORTH            CLEARWATER                 FL      34622
SBC556   10218014979       MURRAY DONALD E           9425 LAKEVIEW DRIVE                NEW PORT RICHEY            FL      34654
SBC556   10218015141       MCCLAREN JOAN             333 MAPLE TERRACE                  PITTSBURGH                 PA      15211
SBC556   10218015145       HAYMAN CAROLYN SMITH      3053 OCEAN GATEWAY                 TRAPPE                     MD      21673
SBC556   10218015173       GONZALES MARK A           213 N CLAREMONT AVENUE             SAN JOSE                   CA      95127
SBC556   10218015494       KRUPA CHERYL              8 STANLEY DR                       SHIRLEY                    NY      11967
SBC556   10218015530       CONROY WALTER             1345 MAYBURY DRIVE                 HOLIDAY                    FL      34691
SBC556   10218015869       WILSON ANITA J            201 CAROLINA BOULEVARD             ISLE OF PALMS              SC      29451
         --------------------------------------------
            133            Sale Total                                                                                           
            212            Total with Superior                                                                                  
            212            Grand Total                                                                                          


<CAPTION>

                   Principal        Cut-off Date        First                   Initial     Minimum      Maximum 
                  Balance at         Principal         Payment       Maturity   Mortgage    Mortgage     Mortgage    Gross
Account           Origination         Balance            Date          Date       Rate       Rate          Rate     Margin
- ---------------------------------------------------------------------------------------------------------------------------
<S>               <C>               <C>               <C>            <C>          <C>         <C>           <C>       <C>
10218014693           65,450.00        65,450.00      05/01/97       04/01/27      8.750       7.750        14.750    4.500
10218014707           95,200.00        95,200.00      05/01/97       04/01/27     12.250      11.250        18.250    8.500
10218014841          105,500.00       105,500.00      05/01/97       04/01/27     12.375      11.375        18.375    6.750
10218014904          116,000.00       116,000.00      05/01/97       04/01/27      9.000       8.000        15.000    4.500
10218014979          196,000.00       196,000.00      05/01/97       04/01/27      9.750       8.750        15.750    5.250
10218015141           96,800.00        96,800.00      05/01/97       04/01/27     11.000      11.000        17.000    7.250
10218015145           88,000.00        88,000.00      05/01/97       04/01/27      9.875       9.875        15.875    6.500
10218015173          152,000.00       152,000.00      05/01/97       04/01/27      8.750       7.750        14.750    4.500
10218015494           66,960.00        66,960.00      05/01/97       04/01/27     10.000       9.000        16.000    6.750
10218015530           38,250.00        38,250.00      05/01/97       04/01/27     11.000      10.000        17.000    6.500
10218015869          100,000.00       100,000.00      05/01/97       04/01/27      8.625       7.625        14.625    3.750
- ----------        ------------------------------                                  -----------------------------------------
   133            17,142,218.00    17,136,141.52                                  10.207       9.626        16.207    6.244
   212            26,597,335.00    26,576,575.34                                  10.217       9.603        16.217    6.223
   212            26,597,335.00    26,576,575.34                                  10.217       9.603        16.217    6.223
                                                                                                    
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE B                Page 1  4/1/97
A DIVISION OF SUPERIOR BANK FSB          1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97
                                                                        
                                                       Principal        
                                                      Balance at        
Sale ID  Account           Name                       Origination       
- ------------------------------------------------------------------------
<S>      <C>               <C>                        <C>               
SB555    10216130135       STICKEL JUANITA J           44,900.00        
SB555    10216132128       SWETT CRAIG L              140,000.00        
SB555    10216132287       ISEMAN MICHAEL J           135,550.00        
SB555    10216138353       WILLETT PHILIP D           150,000.00        
SB555    10216139892       SAUVE DONALD                98,000.00        
SB555    10216140064       MORSE CINDY LEE             53,640.00        
SB555    10216140517       SANTANIO SUSAN              26,300.00        
SB555    10216140639       REEVES MALCOLM LEON         94,240.00        
SB555    10216141281       PIERSKI MICHAEL J           59,000.00        
SB555    10216141493       WILLIAMS JOHN G JR         157,800.00        
SB555    10216141828       GATLIN GLEN L              136,000.00        
SB555    10216142172       MEIER ERIC S                58,500.00        
SB555    10216142177       FLINT WILLIAM R             94,500.00        
SB555    10216142450       BARNES SR ARTHUR            60,000.00        
SB555    10216142527       LINSON DONALD C             50,700.00        
SB555    10216142531       GREGORY JEANETTA Y          56,800.00        
SB555    10216142549       WEBER DANIEL N              80,000.00        
SB555    10216142699       BRISCOE DOROTHY P          114,700.00        
SB555    10216142707       FOWLER YOVONNE              35,200.00        
SB555    10216142708       UTARNACHITT RICHARD V      799,000.00        
SB555    10216142777       BRYANT SHERYL E             26,200.00        
SB555    10216142803       DANIELS DONALD DAVID       172,000.00        
SB555    10216142805       HOLSTON L LANELL           137,700.00        
SB555    10216142872       DIAZ MARIA REYNA            61,200.00        
SB555    10216142988       ARREDONDO ESLENDY          116,100.00        
SB555    10216142989       FRANCISCO BENJAMIN         102,750.00        
SB555    10216142997       SCHOMMER WILLIAM D         115,600.00        
SB555    10216142999       ATKINS JEANETTE             50,900.00        
SB555    10216143055       GOODSPEED STEVEN R         209,600.00        
SB555    10216143093       JAWORSKI THOMAS E           94,000.00        
SB555    10216143126       JUNG DEUK W                160,437.00        
SB555    10216143217       FARIDIAN KIYOUMARCE         53,500.00        
SB555    10216143386       DAVIS FREDRICK              96,000.00        
SB555    10216143390       YOUNG PATRICIA              64,000.00        
SB555    10216143414       ARCHEY JUDY ANN             37,500.00        
SB555    10216143424       KELLEY MICHAEL G           184,400.00        
SB555    10216143538       HINES JAMES BRET           144,000.00        
SB555    10216143543       MICELI FRANK C             100,500.00
SB555    10216143603       CHOTOOSING MICHELLE         66,400.00        
SB555    10216143653       ACKLIN JAMES S             134,100.00        
SB555    10216143714       CAMPOS ROSALBA             146,000.00        
SB555    10216143784       ELLIS THOMAS GRANDY        124,200.00        
SB555    10216143804       SAYEED ANGELIQUE M         143,100.00        
SB555    10216143819       WAY CARMEN L                35,000.00        
SB555    10216143825       LANCELLE KATHLEEN M         99,000.00        
SB555    10216143845       NIELSEN RODNEY              52,500.00        
SB555    10216143899       SALAZAR ROMEO P            135,000.00        
SB555    10216143908       FLEMING GLORIA J            72,000.00        
SB555    10216143937       BLOW JEFFREY S             126,000.00        
SB555    10216144022       JEROME DELMAR F             85,500.00        
SB555    10216144057       KIME RITA J                 62,700.00        
SB555    10216144088       PURCELL DENNIS M            48,450.00        
SB555    10216144096       PAVIC TOMISLAV             615,000.00        
SB555    10216144127       BURRELL LINELL JR           62,900.00        
SB555    10216144152       EISHOW GABRAIL G            78,900.00        
SB555    10216144234       FENWICK MONTY RAY          116,800.00        
SB555    10216144271       BISBEE JEFFREY S            63,600.00        
SB555    10216144273       IAQUINTA JOHN              249,900.00        
SB555    10216144321       STEIN RICHARD L            144,000.00        
SB555    10216144426       MASON LINDA L               72,000.00        
SB555    10216144446       CLARK JOHN H               121,500.00        


<CAPTION>

                 Type of     Scheduled          Cut-Off Date       Original        Next            Current     Property
                Mortgaged     Payment            Principal           LTV         Adjustment        Mortgage    Value at      Owner
Account         Property     Int & Prin           Balance            Ratio         Date              Rate     Origination   Occupied
- ------------------------------------------------------------------------------------------------------------------------------------
<C>               <C>         <C>                <C>                 <C>          <C>                <C>       <C>             <C>
10216130135       SF            427.59            44,818.49          85.8         11/01/98          11.000      52,300.00      Y
10216132128       SF          1,306.88           139,481.75          65.4         05/01/97          10.750     214,000.00      Y
10216132287       SF          1,252.61           135,391.32          80.6         01/01/99          10.625     168,000.00      Y
10216138353       SF          1,261.28           149,926.22          78.6         02/01/99           9.500     190,800.00      Y
10216139892       SF            942.55            98,000.00          66.2         04/01/99          11.125     148,000.00      Y
10216140064       SF            510.83            53,601.56          90.0         02/01/99          11.000      59,600.00      Y
10216140517       SF            206.53            26,300.00          59.7         04/01/99           8.730      44,000.00      Y
10216140639       SF          1,042.48            94,174.65          79.7         01/01/99          13.000     118,130.00      Y
10216141281       SF            573.04            59,000.00          38.8         04/01/99          11.250     152,000.00      Y
10216141493       SF          1,502.77           157,800.00          74.9         04/01/99          11.000     210,500.00      Y
10216141828       SF          1,295.16           136,000.00          85.0         04/01/99          11.000     160,000.00      Y
10216142172       SF            481.27            58,469.66          83.5         03/01/99           9.250      70,000.00      Y
10216142177       SF            908.88            94,500.00          75.0         04/01/99          11.125     126,000.00      Y
10216142450       SF            646.18            60,000.00          80.0         04/01/99          12.625      75,000.00      Y
10216142527       SF            536.19            50,700.00          65.0         03/01/99          12.375      78,000.00      Y
10216142531       SF            611.72            56,800.00          80.0         04/01/99          12.625      71,000.00      Y
10216142549       SF            658.14            80,000.00          80.0         04/01/99           9.250     100,000.00      Y
10216142699       SF          1,092.32           114,700.00          84.9         04/01/99          11.000     135,000.00      Y
10216142707       SF            335.22            35,200.00          80.0         04/01/99          11.000      44,000.00      Y
10216142708       SF          8,682.68           799,000.00          63.9         04/01/99          12.750   1,250,000.00      Y
10216142777       SF            249.51            26,200.00          74.8         04/01/99          11.000      35,000.00      Y
10216142803       SF          1,415.00           172,000.00          80.0         04/01/99           9.250     215,000.00      Y
10216142805       SF          1,195.72           137,700.00          83.4         10/01/97           9.875     165,000.00      Y
10216142872       SF            554.11            61,200.00          80.0         10/01/97          10.375      76,500.00      Y
10216142988       SF          1,040.37           116,100.00          90.0         04/01/99          10.250     129,000.00      Y
10216142989       MF            863.98           102,750.00          75.0         10/01/97           9.500     137,000.00      Y
10216142997       SF          1,035.89           102,000.00          89.9         04/01/99          10.250     128,500.00      Y
10216142999       MF            465.60            50,900.00          74.9         04/01/99          10.500      67,900.00      Y
10216143055       SF          1,519.75           209,600.00          80.0         10/01/97           7.875     262,000.00      Y
10216143093       SF            948.85            94,000.00          80.0         04/01/99          11.750     117,500.00      Y
10216143126       SF          1,497.65           160,437.00          84.9         04/01/99          10.750     188,750.00      Y
10216143217       SF            489.39            53,500.00          84.9         04/01/99          10.500      63,000.00      Y
10216143386       MF            932.41            96,000.00          80.0         10/01/97          11.250     120,000.00      Y
10216143390       SF            689.26            64,000.00          80.0         04/01/99          12.625      80,000.00      Y
10216143414       SF            385.73            37,489.27          72.1         03/01/99          12.000      52,000.00      Y
10216143424       SF          1,450.68           184,293.90          84.9         03/01/99           8.750     217,000.00      Y
10216143538       SF          1,223.98           144,000.00          90.0         09/01/97           9.625     160,000.00      Y
10216143543       SF            872.69           100,500.00          84.1         10/01/97           9.875     119,500.00      Y
10216143603       SF            715.11            66,400.00          80.0         04/01/99          12.625      83,000.00      Y
10216143653       SF          1,091.08           134,100.00          90.0         10/01/97           9.125     149,000.00      Y
10216143714       MF          1,335.52           146,000.00          66.3         04/01/99          10.500     220,000.00      Y
10216143784       SF            944.01           124,200.00          90.0         10/01/97           8.375     138,000.00      Y
10216143804       SF          1,113.02           143,100.00          90.0         10/01/97           8.625     159,000.00      Y
10216143819       SF            307.15            35,000.00          66.6         04/01/99          10.000      52,500.00      Y
10216143825       SF            859.67            99,000.00          90.0         04/01/99           9.875     110,000.00      Y
10216143845       SF            509.91            52,500.00          73.9         10/01/97          11.250      71,000.00      Y
10216143899       SF          1,086.24           135,000.00          84.3         04/01/99           9.000     160,000.00      Y
10216143908       SF            572.86            72,000.00          80.0         10/01/97           8.875      90,000.00      Y
10216143937       SF          1,129.09           126,000.00          88.7         04/01/99          10.250     142,000.00      Y
10216144022       MF            766.17            85,500.00          90.0         04/01/99          10.250      95,000.00      Y
10216144057       SF            567.70            62,700.00          70.6         04/01/99          10.375      88,700.00      Y
10216144088       MF            447.73            48,450.00          85.0         04/01/99          10.625      57,000.00      Y
10216144096       SF          4,620.29           615,000.00          75.4         10/01/97           8.250     815,000.00      Y
10216144127       SF            593.08            62,900.00          85.0         04/01/99          10.875      74,000.00      Y
10216144152       SF            736.52            78,900.00          84.9         04/01/99          10.750      92,900.00      Y
10216144234       SF          1,201.42           116,800.00          80.0         04/01/99          12.000     146,000.00      Y
10216144271       SF            684.95            63,600.00          80.0         04/01/99          12.625      79,500.00      Y
10216144273       SF          1,855.50           249,900.00          83.3         10/01/97           8.125     300,000.00      Y
10216144321       SF          1,357.76           144,000.00          77.8         04/01/99          10.875     185,000.00      Y
10216144426       SF            747.54            72,000.00          61.5         04/01/99          12.125     117,000.00      Y
10216144446       SF          1,055.04           121,500.00          90.0         04/01/99           9.875     135,000.00      Y
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE B                Page 2  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97

                                                      Principal        
                                                     Balance at        
Sale ID  Account           Name                      Origination       
- -----------------------------------------------------------------------
<S>      <C>               <C>                       <C>               
SB555    10216144466       MOEN TOVA L                  30,000.00      
SB555    10216144472       KELLERMAN DAVID F           154,000.00      
SB555    10216144506       MCDONALD JOHN A             752,000.00      
SB555    10216144544       HOLIDAY CHAD L               37,600.00      
SB555    10216144620       ZAPATA MARTHA J              94,350.00      
SB555    10216144699       GUERRIERO ANTHONY           110,500.00      
SB555    10216144709       MEANS NORA                   38,200.00      
SB555    10216144721       ABU-RAYAN MOHAMED O          83,000.00      
SB555    10216144733       TEPFENHART STEVEN L          89,900.00      
SB555    10216144742       AL-JAFER HAEDER              51,700.00      
SB555    10216144888       KIMMONS TONNIE              170,000.00      
SB555    10216144906       GARY JAMES M JR             111,600.00      
SB555    10216144960       MARTIN CELIA K               49,500.00      
SB555    10216144994       PICARD ANDREW D             100,000.00      
SB555    10216145084       AL-GHAZALI FARIS             97,200.00      
SB555    10216145128       SMIDT RANDY W               153,000.00      
SB555    10216145162       DAVIS VIVIAN D               30,000.00      
SB555    10216145384       BUSH DAN M                   76,800.00      
         -----------       -----------------------   ------------      
          79               Sale Total                9,455,117.00      
                                                     

<CAPTION>

                 Type of     Scheduled          Cut-Off Date       Original        Next            Current     Property
                Mortgaged     Payment            Principal           LTV         Adjustment        Mortgage    Value at      Owner
Account         Property     Int & Prin           Balance            Ratio         Date              Rate     Origination   Occupied
- ------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>         <C>                <C>                 <C>          <C>                <C>       <C>             <C>
10216144466       CD            233.34            30,000.00          60.0         10/01/97            8.625      50,000.00     Y
10216144472       SF          1,170.51           154,000.00          80.0         10/01/97            8.375     192,500.00     Y
10216144506       SF          7,019.78           752,000.00          80.0         04/01/99           10.750     940,000.00     Y
10216144544       SF            365.19            37,600.00          78.3         10/01/97           11.250      48,000.00     Y
10216144620       SF            819.29            94,350.00          85.0         10/01/97            9.875     111,000.00     Y
10216144699       SF            889.11           110,500.00          85.0         04/01/99            9.000     130,000.00     Y
10216144709       MF            307.37            38,200.00          84.8         04/01/99            9.000      45,000.00     Y
10216144721       SF            660.39            83,000.00          76.1         10/01/97            8.875     109,000.00     Y
10216144733       SF            739.59            89,900.00          69.2         04/01/99            9.250     129,900.00     Y
10216144742       SF            430.01            51,700.00          89.9         10/01/97            9.375      57,500.00     Y
10216144888       SF          1,262.25           170,000.00          85.0         10/01/97            8.125     200,000.00     Y
10216144906       SF            969.08           111,600.00          90.0         04/01/99            9.875     124,000.00     Y
10216144960       CD            462.07            49,500.00          55.0         04/01/99           10.750      90,000.00     Y
10216144994       SF            877.58           100,000.00          80.0         04/01/99           10.000     125,000.00     Y
10216145084       SF            826.19            97,200.00          90.0         10/01/97            9.625     108,000.00     Y
10216145128       SF          1,399.55           153,000.00          85.0         04/01/99           10.500     180,000.00     Y
10216145162       SF            280.04            30,000.00          49.1         04/01/99           10.750      61,000.00     Y
10216145384       SF            659.83            76,800.00          80.0         04/01/99            9.750      96,000.00     Y
- -----------                  --------------------------------------------                            ---------------------
 79                          84,773.42         9,440,433.82          78.9                            10.233  12,156,480.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE B                Page 3  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97


                                                       Principal        
                                                      Balance at        
Sale ID  Account           Name                       Origination       
- ------------------------------------------------------------------------
<S>      <C>               <C>                        <C>               
SBC556   10218001611       WELSH JANET M              110,500.00        
SBC556   10218001640       GREGORY THOMAS R           300,000.00        
SBC556   10218004121       ESPINAL DANILO             243,000.00        
SBC556   10218004123       BENJAMIN THORA             261,000.00        
SBC556   10218004319       JACKSON VALERIE WHITE      146,700.00        
SBC556   10218005034       ANDERSON DANIEL             70,400.00        
SBC556   10218005564       SOLOMON JAY S              102,400.00        
SBC556   10218005670       ROY SAMAR N                264,150.00        
SBC556   10218005829       DEMEO RONALD S             106,400.00        
SBC556   10218006179       BRAGG HARRY E III          108,800.00        
SBC556   10218006704       WARDEN JENNIFER F          138,000.00        
SBC556   10218006750       GONZALES ROBERTO           125,800.00        
SBC556   10218006943       MURPHY JAMES               163,200.00        
SBC556   10218007003       SACHSE LINDA                63,000.00        
SBC556   10218007402       KILLIAN ROBERT G            42,500.00        
SBC556   10218007714       BUCK HAROLD G               73,900.00        
SBC556   10218007953       BUSSE STEVE                 48,000.00        
SBC556   10218007984       FOSTER SHARON              113,400.00        
SBC556   10218008111       DONNELLY VALERIE           110,000.00        
SBC556   10218008513       GALLO LOUIS V               74,400.00        
SBC556   10218008608       SKRIVANIC IVAN             228,000.00        
SBC556   10218008628       SWIGONIAK MARCEL P          90,000.00        
SBC556   10218008757       VIGUE STEVEN L             255,850.00        
SBC556   10218008816       COSTA KEVIN L              100,000.00        
SBC556   10218008862       DONEGAN HATTIE MARIE       117,900.00        
SBC556   10218009043       HAIMSON JEFFREY            347,700.00        
SBC556   10218009058       TORRES MARIA               106,250.00        
SBC556   10218009092       CAMACHO CLAUDIO            119,300.00        
SBC556   10218009253       WARFORD EDWARD              68,918.00        
SBC556   10218009257       MAZZOLLA RICHARD V         181,900.00        
SBC556   10218009287       BUBB STEPHEN               145,350.00        
SBC556   10218009371       SMITH GEORGE W             176,000.00        
SBC556   10218009409       CIPOLLETTI MICHAEL         126,000.00        
SBC556   10218009414       TAYLOR STARLEANA           148,000.00        
SBC556   10218009463       CRILLS DAVID L             163,800.00        
SBC556   10218009573       MURCH MICHAEL R             42,500.00        
SBC556   10218009642       FERNANDEZ LISA MARIE       140,000.00        
SBC556   10218009686       EBERHART MARTHA E           85,990.00        
SBC556   10218009693       MCQUEEN HOWARD             113,900.00        
SBC556   10218009712       HINE PETER C               189,000.00        
SBC556   10218009782       JUNTWAIT ROBERT N JR       152,800.00        
SBC556   10218009839       WEINER PATRICIA            200,000.00        
SBC556   10218009853       CHURCHILL VAN L            242,000.00        
SBC556   10218009881       HUNTER ROBERT F            200,000.00        
SBC556   10218010222       SIMMONS TERRANCE C         120,000.00        
SBC556   10218010238       DOUCHETTE VANASSA J         75,200.00        
SBC556   10218010344       PUCCIO VINCENT              78,000.00        
SBC556   10218010509       TOGIAS SANDRA              135,575.00        
SBC556   10218010715       CASANA RUBEN                68,000.00        
SBC556   10218010721       PASKOWSKI PHILIP W         147,900.00        
SBC556   10218010819       NUNEZ CARMEN                80,000.00        
SBC556   10218010932       ZAVALA FRANCISCO A          84,000.00        
SBC556   10218011002       SANCHEZ HERMAN D           128,700.00        
SBC556   10218011023       BROWN BILLY J               80,000.00        
SBC556   10218011157       DERO GREGORY S              96,000.00        
SBC556   10218011183       WHITE BOB G                 74,375.00        
SBC556   10218011197       SIMELA ERNEST D            261,000.00        
SBC556   10218011198       TOWERY DURHAM S.            53,125.00        
SBC556   10218011212       RIDDLE DAYNE K              89,100.00        
SBC556   10218011246       JEAN MARLINE               225,250.00        
SBC556   10218011319       JONES HENRY                137,600.00        
                                                     

<CAPTION>

                 Type of     Scheduled          Cut-Off Date       Original        Next            Current     Property
                Mortgaged     Payment            Principal           LTV         Adjustment        Mortgage    Value at      Owner
Account         Property     Int & Prin           Balance            Ratio         Date              Rate     Origination   Occupied
- ------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>         <C>                <C>                 <C>          <C>                <C>       <C>             <C>
10218001611       SF            959.52           110,296.71          85.0         06/01/97            9.875    130,000.00      Y
10218001640       SF          2,660.47           299,342.90          74.0         05/01/97           10.125    405,000.00      Y
10218004121       MF          2,087.75           242,423.85          90.0         11/01/98            9.750    270,000.00      Y
10218004123       MF          2,387.47           260,791.65          90.0         02/01/99           10.500    290,000.00      N
10218004319       SF          1,220.18           146,400.15          88.9         06/01/97            9.375    165,000.00      Y
10218005034       MF            737.72            70,380.95          79.1         02/01/99           12.250     89,000.00      Y
10218005564       SF            975.18           102,326.64          80.0         02/01/99           11.000    128,000.00      Y
10218005670       SF          2,173.10           263,736.00          90.0         07/01/97            9.250    293,500.00      Y
10218005829       SF          1,135.56           106,345.26          80.0         02/01/99           12.500    133,000.00      Y
10218006179       SF          1,077.44           108,765.23          80.0         02/01/99           11.500    136,000.00      Y
10218006704       SF          1,185.63           137,870.72          80.0         02/01/99            9.750    172,500.00      Y
10218006750       SF          1,186.16           125,613.08          85.0         12/01/98           10.875    148,000.00      Y
10218006943       MF          1,417.14           163,051.11          85.8         09/01/97            9.875    190,000.00      Y
10218007003       SF            490.01            62,925.34          90.0         02/01/99            8.625     70,000.00      Y
10218007402       SF            424.93            42,486.61          85.0         02/01/99           11.625     50,000.00      Y
10218007714       SF            662.22            73,900.00          85.9         04/01/99           10.250     86,000.00      Y
10218007953       SF            407.99            47,977.01          73.8         02/01/99            9.625     65,000.00      Y
10218007984       SF            995.17           113,299.24          90.0         02/01/99           10.000    126,000.00      Y
10218008111       MF          1,173.98           110,000.00          58.5         04/01/99           12.500    188,000.00      Y
10218008513       SF            591.96            74,400.00          80.0         10/01/97            8.875     93,000.00      Y
10218008608       MF          1,896.39           227,884.86          80.0         03/01/99            9.375    285,000.00      Y
10218008628       MF            676.14            89,942.61          68.7         09/01/97            8.250    131,000.00      N
10218008757       SF          2,340.36           255,748.33          85.0         02/01/99           10.500    301,000.00      Y
10218008816       SF            859.15           100,000.00          70.4         10/01/97            9.750    142,000.00      Y
10218008862       SF          1,056.50           117,850.56          90.0         09/01/97           10.250    131,000.00      Y
10218009043       SF          2,704.37           347,700.00          68.1         09/01/97            8.625    510,000.00      Y
10218009058       SF            938.31           106,203.75          85.0         09/01/97           10.075    125,000.00      Y
10218009092       SF            959.91           119,300.00          89.9         03/01/99            9.000    132,600.00      Y
10218009253       SF            662.84            68,918.00          60.9         04/01/99           11.125    113,000.00      N
10218009257       SF          1,529.51           181,810.53          85.0         03/01/99            9.500    214,000.00      Y
10218009287       SF          1,411.73           145,350.00          85.0         04/01/99           11.250    171,000.00      Y
10218009371       SF          1,479.90           175,826.18          80.0         02/01/99            9.500    220,000.00      Y
10218009409       MF          1,151.63           125,849.82          90.0         02/01/99           10.490    140,000.00      Y
10218009414       SF          1,479.76           147,953.99          80.0         09/01/97           11.625    185,000.00      Y
10218009463       SF          1,467.81           163,800.00          90.0         03/01/99           10.250    182,000.00      Y
10218009573       SF            400.73            42,500.00          85.0         04/01/99           10.875     50,000.00      Y
10218009642       CD          1,215.69           140,000.00          70.0         03/01/99            9.875    200,000.00      Y
10218009686       SF            738.79            85,949.67          85.9         03/01/99            9.750    100,000.00      Y
10218009693       SF          1,073.95           113,852.22          85.0         03/01/99           10.875    134,000.00      Y
10218009712       SF          1,623.80           188,822.94          90.0         02/01/99            9.750    210,000.00      Y
10218009782       MF          1,527.76           152,752.49          80.0         09/01/97           11.625    191,000.00      Y
10218009839       MF          1,627.26           200,000.00          88.8         10/01/97            9.125    225,000.00      Y
10218009853       SF          2,146.12           241,790.64          89.9         08/01/97           10.125    269,000.00      Y
10218009881       SF          1,699.98           199,904.19          80.0         09/01/97            9.625    250,000.00      Y
10218010222       SF          1,120.18           119,954.82          63.1         03/01/99           10.750    189,900.00      Y
10218010238       SF            646.08            74,742.08          80.0         02/01/99            9.750     94,000.00      Y
10218010344       SF            648.76            78,000.00          53.7         10/01/97            9.375    145,000.00      Y
10218010509       SF          1,265.57           135,575.00          85.0         04/01/99           10.750    159,500.00      Y
10218010715       MF            615.68            67,972.24          85.0         03/01/99           10.375     80,000.00      Y
10218010721       SF          1,450.55           147,802.38          85.0         08/01/97           11.375    174,000.00      Y
10218010819       SF            665.40            80,000.00          80.0         09/01/97            9.375    100,000.00      Y
10218010932       SF            823.84            84,000.00          80.0         04/01/99           11.375    105,000.00      Y
10218011002       SF          1,165.26           128,647.46          90.0         09/01/97           10.375    143,000.00      Y
10218011023       SF            754.31            80,000.00          80.0         04/01/99           10.875    100,000.00      Y
10218011157       SF            755.23            96,000.00          80.0         04/01/99            8.750    120,000.00      Y
10218011183       SF            729.44            74,375.00          85.0         09/01/97           11.375     87,500.00      Y
10218011197       SF          2,338.82           261,000.00          90.0         04/01/99           10.250    290,000.00      Y
10218011198       SF            500.91            53,105.54          85.0         03/01/99           10.875     62,500.00      Y
10218011212       SF            716.92            89,051.33          76.8         03/01/99            9.000    116,000.00      Y
10218011246       MF          2,222.04           225,177.22          85.0         03/01/99           11.450    265,000.00      Y
10218011319       SF          1,388.95           137,600.00          80.0         03/01/99           11.750    172,000.00      Y
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE B                Page 4  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97


                                                      Principal        
                                                     Balance at        
Sale ID  Account           Name                      Origination       
- -----------------------------------------------------------------------
<S>      <C>               <C>                       <C>               
SBC556   10218011323       BLANCHARD DOUGLAS JR      195,500.00        
SBC556   10218011383       LOMBANA ALVARO            128,000.00        
SBC556   10218011537       WHITMAN WILLIAM E III      38,900.00        
SBC556   10218011583       HAUPTMAN HIRSH            105,600.00        
SBC556   10218011676       LAMPKIN GRETA A            34,400.00        
SBC556   10218011724       MAZZEI CHRISTOPHER        100,000.00        
SBC556   10218011778       FEEHAN KIMBERLY A         363,500.00        
SBC556   10218011781       JACKSON NICHOLA           157,250.00        
SBC556   10218011788       BAUER BRUCE W              49,000.00        
SBC556   10218011790       MINIUM RALPH C             34,015.00        
SBC556   10218011835       ROMANOFF DAVID            272,000.00        
SBC556   10218011854       REID DARRELL               40,500.00        
SBC556   10218011884       DURBROW CHAD C             90,000.00        
SBC556   10218011912       ZELAYA OSCAR              115,830.00        
SBC556   10218011915       BURNS MARIELL              64,000.00        
SBC556   10218012034       IVALDI GUY                130,000.00        
SBC556   10218012132       LIME ARTHUR W JR          100,000.00        
SBC556   10218012136       BEYDA JACK                159,250.00        
SBC556   10218012273       HAFEEZ MIAN JUNAID         95,200.00        
SBC556   10218012274       PATTON LURIA               93,750.00        
SBC556   10218012443       SHADLE ROBERT L            72,250.00        
SBC556   10218012444       PUCCINO JOSEPH             63,750.00        
SBC556   10218012490       PELUSO MICHAEL V          350,000.00        
SBC556   10218012561       WEISER DAVID D             41,850.00        
SBC556   10218012577       VISWANATH BANAD           185,900.00        
SBC556   10218012615       MAYNARD NANCY J            58,500.00        
SBC556   10218012714       ABURTO DAVID W            126,000.00        
SBC556   10218012875       VESCIO ANGELO             280,500.00        
SBC556   10218012911       KLEIST CORDELIA E VON      68,850.00        
SBC556   10218012912       PETROSA MARILYN           425,000.00        
SBC556   10218012924       EASTER SCOTT E             40,000.00        
SBC556   10218013005       WINTER SUZANNE            124,950.00        
SBC556   10218013070       BIGBY LEROY               152,100.00        
SBC556   10218013073       DUCA ANTHONY               75,500.00        
SBC556   10218013082       TIMOTHY GREGORY           127,500.00        
SBC556   10218013177       SHETZLINE ELEANOR M       161,800.00        
SBC556   10218013188       GRIFFITH ROBERT J         121,500.00        
SBC556   10218013206       WALLACE MARGARET D        145,300.00        
SBC556   10218013225       VISWANATH BANAD           187,200.00        
SBC556   10218013230       GREENE MURDOCK             47,600.00        
SBC556   10218013278       GOODWIN WILLIAM           170,000.00        
SBC556   10218013285       ZALESKI KEVIN             104,550.00        
SBC556   10218013294       CHAPONNIERE THERESA R      48,450.00        
SBC556   10218013333       CURTIS SHARON A            33,960.00        
SBC556   10218013344       RODRIQUEZ ROGER           279,000.00        
SBC556   10218013365       REID JAMES E               99,000.00        
SBC556   10218013523       BRENNEMAN DONNA E          32,000.00        
SBC556   10218013665       HALL EDDIE L JR           144,000.00        
SBC556   10218013668       BORIS JAMES E JR          198,750.00        
SBC556   10218013775       LITTLER RICKEY             47,600.00        
SBC556   10218013829       CONNOR WENDY              127,500.00        
SBC556   10218013890       HALE GEORGE W III         139,200.00        
SBC556   10218014137       MAURILLO NICHOLAS A       140,000.00        
SBC556   10218014155       ACEVERO ADINA A            72,000.00        
SBC556   10218014157       HOLDEN JIMMY               85,595.00        
SBC556   10218014245       HAMADE JENNIFER J         160,650.00        
SBC556   10218014382       PANCIERA KAREN BELINDA     79,775.00        
SBC556   10218014424       BILLARD ROBERT E          256,000.00        
SBC556   10218014484       BIVINS STEVY               67,950.00        
SBC556   10218014571       COOK DONALD JR             52,800.00        
SBC556   10218014584       MCINTOSH BRIAN K          120,000.00        

<CAPTION>

                 Type of     Scheduled          Cut-Off Date       Original        Next            Current     Property
                Mortgaged     Payment            Principal           LTV         Adjustment        Mortgage    Value at      Owner
Account         Property     Int & Prin           Balance            Ratio         Date              Rate     Origination   Occupied
- ------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>         <C>                <C>                 <C>          <C>                <C>       <C>             <C>
10218011323       SF          1,590.65           195,500.00          85.0         10/01/97            9.125    230,000.00      Y
10218011383       SF          1,390.97           128,000.00          80.0         03/01/99           12.750    160,000.00      Y
10218011537       SF            381.52            38,887.22          84.9         03/01/99           11.375     45,800.00      Y
10218011583       MF            765.67           105,600.00          80.0         10/01/97            7.875    132,000.00      N
10218011676       MF            321.12            34,387.05          80.0         03/01/99           10.750     43,000.00      Y
10218011724       SF            795.64           100,000.00          34.1         10/01/97            8.875    292,500.00      Y
10218011778       SF          3,291.15           363,351.61          89.9         09/01/97           10.375    404,000.00      Y
10218011781       MF          1,602.38           157,196.12          85.0         03/01/99           11.875    185,000.00      Y
10218011788       SF            434.54            49,000.00          83.0         10/01/97           10.125     59,000.00      Y
10218011790       SF            336.85            34,004.13          80.9         03/01/99           11.500     42,000.00      Y
10218011835       SF          2,213.08           271,855.25          85.0         09/01/97            9.125    320,000.00      Y
10218011854       SF            385.69            40,485.56          75.0         03/01/99           11.000     54,000.00      Y
10218011884       SF            908.47            90,000.00          75.0         03/01/99           11.750    120,000.00      Y
10218011912       MF            963.42           115,830.00          90.0         10/01/97            9.375    128,700.00      Y
10218011915       SF            695.48            64,000.00          80.0         04/01/99           12.750     80,000.00      Y
10218012034       SF          1,324.70           130,000.00          74.2         10/01/97           11.875    175,000.00      Y
10218012132       SF            840.85           100,000.00          83.3         04/01/99            9.500    120,000.00      Y
10218012136       SF          1,746.08           159,250.00          65.0         03/01/99           12.875    245,000.00      Y
10218012273       SF          1,025.27            95,200.00          80.0         04/01/99           12.625    119,000.00      Y
10218012274       SF            848.82            93,673.13          75.0         08/01/97           10.375    125,000.00      Y
10218012443       SF            688.05            72,250.00          85.0         04/01/99           11.000     85,000.00      Y
10218012444       SF            607.11            63,750.00          85.0         04/01/99           11.000     75,000.00      Y
10218012490       SF          3,071.50           350,000.00          89.7         10/01/97           10.000    390,000.00      Y
10218012561       SF            375.02            41,850.00          90.0         04/01/99           10.250     46,500.00      Y
10218012577       MF          1,665.85           185,900.00          65.0         04/01/99           10.250    286,000.00      N
10218012615       SF            470.70            58,500.00          75.0         04/01/99            9.000     78,000.00      Y
10218012714       SF          1,048.00           126,000.00          90.0         10/01/97            9.375    140,000.00      Y
10218012875       MF          2,751.04           280,500.00          85.0         10/01/97           11.375    330,000.00      Y
10218012911       SF            597.86            68,850.00          90.0         10/01/97            9.875     76,500.00      Y
10218012912       SF          3,381.49           425,000.00          68.5         10/01/97            8.875    620,000.00      Y
10218012924       SF            321.85            40,000.00          61.5         04/01/99            9.000     65,000.00      Y
10218013005       SF          1,237.37           124,950.00          85.0         04/01/99           11.500    147,000.00      Y
10218013070       SF          1,320.76           152,100.00          90.0         03/01/99            9.875    169,000.00      Y
10218013073       MF            676.56            75,500.00          63.9         04/01/99           10.250    118,000.00      N
10218013082       SF          1,048.91           127,500.00          85.0         04/01/99            9.250    150,000.00      Y
10218013177       SF          1,390.11           161,800.00          80.9         04/01/99            9.750    200,000.00      Y
10218013188       SF          1,145.62           121,500.00          90.0         03/01/99           10.875    135,000.00      Y
10218013206       SF          1,235.03           145,300.00          89.9         09/01/97            9.625    161,550.00      Y
10218013225       MF          1,677.50           187,200.00          65.0         04/01/99           10.250    288,000.00      N
10218013230       SF            485.04            47,600.00          80.0         04/01/99           11.875     59,500.00      Y
10218013278       SF          1,322.24           170,000.00          40.0         10/01/97            8.625    425,000.00      N
10218013285       SF            841.23           104,550.00          85.0         04/01/99            9.000    123,000.00      Y
10218013294       SF            456.83            48,450.00          85.0         04/01/99           10.875     57,000.00      Y
10218013333       MF            333.07            33,960.00          85.9         04/01/99           11.375     39,500.00      Y
10218013344       MF          2,448.42           279,000.00          90.0         04/01/99           10.000    310,000.00      Y
10218013365       SF          1,056.59            98,974.66          79.8         03/01/99           12.500    124,000.00      Y
10218013523       SF            338.42            32,000.00          80.0         04/01/99           12.375     40,000.00      Y
10218013665       SF          1,223.98           144,000.00          75.7         10/01/97            9.625    190,000.00      Y
10218013668       SF          1,707.57           198,750.00          75.0         04/01/99            9.750    265,000.00      Y
10218013775       SF            457.81            47,583.48          85.0         03/01/99           11.125     56,000.00      Y
10218013829       CD          1,060.48           127,500.00          75.0         04/01/99            9.375    170,000.00      Y
10218013890       SF          1,273.32           139,200.00          80.0         04/01/99           10.500    174,000.00      Y
10218014137       MF          1,202.82           140,000.00          70.0         04/01/99            9.750    200,000.00      Y
10218014155       SF            719.88            72,000.00          80.0         04/01/99           11.625     89,900.00      Y
10218014157       SF            665.75            85,595.00          85.0         04/01/99            8.625    100,700.00      Y
10218014245       SF          1,395.01           160,577.01          90.0         09/01/97            9.875    178,500.00      Y
10218014382       SF            670.79            79,775.00          80.9         04/01/99            9.500     98,500.00      Y
10218014424       SF          2,486.43           256,000.00          77.5         10/01/97           11.250    330,000.00      Y
10218014484       SF            596.31            67,950.00          90.0         04/01/99           10.000     75,500.00      Y
10218014571       SF            512.83            52,800.00          80.0         10/01/97           11.250     66,000.00      Y
10218014584       SF          1,120.18           120,000.00          77.4         10/01/97           10.750    155,000.00      Y
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

ALLIANCE FUNDING COMPANY                                                  SALE SCHEDULE B                Page 5  4/1/97
A DIVISION OF SUPERIOR BANK FSB           1997-1 CLASS 2 - 2ND SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 4/17/97

                                                     
                                                      Principal       
                                                     Balance at       
Sale ID  Account           Name                      Origination      
- ----------------------------------------------------------------------
<S>      <C>               <C>                       <C>              
SBC556   10218014693       TORRES EFRAIN G               65,450.00
SBC556   10218014707       OSTIGUY CHRISTINA             95,200.00    
SBC556   10218014841       PENTALERI ROGER JAY          105,500.00    
SBC556   10218014904       MARTZ RAYMOND E              116,000.00    
SBC556   10218014979       MURRAY DONALD E              196,000.00    
SBC556   10218015141       MCCLAREN JOAN                 96,800.00    
SBC556   10218015145       HAYMAN CAROLYN SMITH          88,000.00    
SBC556   10218015173       GONZALES MARK A              152,000.00    
SBC556   10218015494       KRUPA CHERYL                  66,960.00    
SBC556   10218015530       CONROY WALTER                 38,250.00    
SBC556   10218015869       WILSON ANITA J               100,000.00    
         -------------------------------------------------------------
            133            Sale Total                17,142,218.00    
            212            Total with Superior       26,597,335.00    
            212            Grand Total               26,597,335.00    

<CAPTION>


                 Type of     Scheduled          Cut-Off Date       Original        Next            Current     Property
                Mortgaged     Payment            Principal           LTV         Adjustment        Mortgage    Value at      Owner
Account         Property     Int & Prin           Balance            Ratio         Date              Rate     Origination   Occupied
- ------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>         <C>                <C>                 <C>          <C>                <C>       <C>             <C>
10218014693     
10218014707       SF            514.90            65,450.00          84.5         04/01/99            8.750      77,400.00     Y
10218014841       SF            997.60            95,200.00          80.0         04/01/99           12.250     119,000.00     Y
10218014904       SF          1,115.73           105,500.00          65.9         04/01/99           12.375     160,000.00     Y
10218014979       SF            933.36           116,000.00          80.0         04/01/99            9.000     145,000.00     Y
10218015141       SF          1,683.94           196,000.00          80.0         04/01/99            9.750     245,000.00     Y
10218015145       SF            921.85            96,800.00          80.0         10/01/97           11.000     121,000.00     Y
10218015173       SF            764.15            88,000.00          57.8         10/01/97            9.875     152,000.00     Y
10218015494       SF          1,195.78           152,000.00          80.0         04/01/99            8.750     190,000.00     Y
10218015530       SF            587.62            66,960.00          90.0         04/01/99           10.000      74,400.00     Y
10218015869       SF            364.26            38,250.00          85.0         04/01/99           11.000      45,000.00     N
- ----------------  SF            777.79           100,000.00          63.2         04/01/99            8.625     158,000.00     Y
   133                      ---------------------------------------------                            ----------------------
   212                      153,230.57        17,136,141.52          80.6                            10.207  21,697,450.00
   212                      238,003.99        26,576,575.34          80.0                            10.217  33,853,930.00
                            238,003.99        26,576,575.34          80.0                            10.217  33,853,930.00
</TABLE>


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