SUPERIOR BANK FSB
8-K, 1997-01-24
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) January 10, 1997

SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of December 1, 1996, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1996-4)

                                SUPERIOR BANK FSB
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

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

   ONE LINCOLN CENTRE
OAKBROOK TERRACE, ILLINOIS                                    60181
- --------------------------                                  ---------
  (Address of Principal                                     (Zip Code)
    Executive Offices)

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

================================================================================

<PAGE>

                                       -2-

Item 2. ACQUISITION OR DISPOSITION OF ASSETS

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

     On December 19, 1996, a single series of certificates, entitled AFC
Mortgage Loan Asset Backed Certificates, Series 1996-4 (the "Certificates") were
issued pursuant to a pooling and servicing agreement (the "Agreement"), dated as
of December 1, 1996, among Superior Bank FSB, as depositor (the "Depositor"),
Lee Servicing Company, a division of Superior Bank FSB, as servicer (the
"Servicer") and LaSalle National Bank, as trustee (the "Trustee").

     On January 10, 1997, following the closing of the initial issuance of the
Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $20,410,321.79 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, and $19,793,933.45
with respect to Sub-Pool 2 with funds on deposit in the Sub-Pool 2 Pre-Funding
Account, both established pursuant to the Agreement at a purchase price equal to
the principal balance thereof, which Subsequent Mortgage Loans were conveyed to
the Trustee pursuant to a Subsequent Transfer Instrument, dated January 10,
1997, between the Depositor and the Trustee (the "January 10 Instrument").
Attached to the January 10 Instrument is the Mortgage Loan Schedule with respect
to each Sub-Pool listing the related Subsequent Mortgage Loans that are the
subject of such January 10 Instrument.

     On January 22, 1997, following the closing of the initial issuance of the
Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $17,111,761.94 with respect to Sub-Pool 2
with funds on deposit in the Sub-Pool 2 Pre-Funding Account, established
pursuant to the Agreement at a purchase price equal to the principal balance
thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant
to a Subsequent Transfer Instrument, dated January 22, 1997, between the
Depositor and the Trustee (the "January 22 Instrument"). Attached to the January
22 Instrument is the Mortgage Loan Schedule with respect to Sub-Pool 2 listing
the related Subsequent Mortgage Loans that are the subject of such January 22
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



<PAGE>


                                       -3-

     4.3 Subsequent Transfer Instrument, dated January 10, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.

     4.4 Subsequent Transfer Instrument, dated January 22, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.



<PAGE>


                                       -4-

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                SUPERIOR BANK FSB


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

Dated:  January 10, 1997


<PAGE>



                                 EXHIBITS TABLE

     4.3 Subsequent Transfer Instrument, dated January 10, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.

     4.4 Subsequent Transfer Instrument, dated January 22, 1997, between
Superior Bank FSB as Depositor and LaSalle National Bank as Trustee.




                         SUBSEQUENT TRANSFER INSTRUMENT

     Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
January 10, 1997, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of December 1, 1996, among Superior
Bank FSB, as Depositor, Lee Servicing Company, a Division of Superior Bank FSB,
as Servicer, and LaSalle National Bank, as Trustee (the "Pooling and Servicing
Agreement"), the Depositor and the Trustee agree to the sale by the Depositor
and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").

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

     Section 1. CONVEYANCE OF SUBSEQUENT MORTGAGE LOANS.

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

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

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


                                        1


<PAGE>



     Section 2. REPRESENTATIONS AND WARRANTIES; CONDITIONS PRECEDENT.

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

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

     Section 3. RECORDATION OF INSTRUMENT.

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

     Section 4. GOVERNING LAW.

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

     Section 5. COUNTERPARTS.

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

                                        2


<PAGE>



     Section 6. SUCCESSORS AND ASSIGNS.

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


                                SUPERIOR BANK FSB

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


                                AFC MORTGAGE LOAN ASSET
                                BACKED CERTIFICATES, SERIES 1996-4

                                By: LASALLE NATIONAL BANK,
                                      as Trustee

                                By: /s/ CYNTHIA REIS
                                    ------------------------------------- 
                                    Name:   Cynthia Reis
                                    Title:  Vice President

ATTACHMENTS

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

                                        3


<PAGE>



           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-4
                 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
                                 FOR SUB-POOL 1
                                  Series 1996-4
                                January 10, 1997

A.

     1.  Subsequent Cut-off Date:                              January 9, 1997
     2.  Pricing Date:
     3.  Subsequent Transfer Date:                             January 10, 1997
     4.  Aggregate Principal Balance of the Subsequent
          Mortgage Loans as of the Subsequent Cut-off Date:    $20,410,321.79
     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:                                 9.15%
     4.  Greatest Combined Loan-to-Value Ratio:                90.00%
     5.  Largest Principal Balance                             $351,300.00

     [As to the final transfer of Subsequent Mortgage Loans:]
     6.  Weighted Average Term since Origination:                     months
     7.  January 1997 first payment date:                        -0-
     8.  WAC of all Mortgage Loans:                                 %
     9.  WAM of all Mortgage Loans:                                   months
     10. Maximum Weighted average CLTV:                             %
     11. Balloon Loans:                                        _____%
     12. Largest Principal Balance:                            $
     13. Non-owner occupied Mortgaged Properties:                   %
     14. Maximum zip code concentration:                            %
     15. Condominiums:                                              %
     16. Single-family:                                             %
     17. Multifamily and Mixed Use Properties:                 -0-%


                                        4
<PAGE>



           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-4
                 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
                                 FOR SUB-POOL 2
                                  Series 1996-4
                                January 10, 1997

A.

     1.  Subsequent Cut-off Date:                              January 9, 1997
     2.  Pricing Date:
     3.  Subsequent Transfer Date:                             January 10, 1997
     4.  Aggregate Principal Balance of the Subsequent
          Mortgage Loans as of the Subsequent Cut-off Date:    $19,793,933.45
     5.  Purchase Price:                                       100.00%

B.

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

     1.  Shortest original term to maturity:                   360 months
     2.  Longest original term to maturity:                    360  months
     3.  Minimum Gross Margin:                                 3.75%
     4.  Greatest LTV:                                         90.00%
     5.  Largest Principal Balance                             $626,500.00

     [As to the final transfer of Subsequent Mortgage Loans:]
     6.  Weighted Average Term since Origination:                   months
     7.  January 1997 first payment date:                      -0-
     8.  WA Gross Margin of all Mortgage Loans:                    %
     9.  WAC of all Mortgage Loans:                                 months
     10. WAM of all Mortgage Loans:                                %
     11. Maximum Weighted average LTV:                         ____%
     12. Largest Principal Balance:                            $
     13. Non-owner occupied Mortgaged Properties:                  %
     14. Maximum zip code concentration:                           %
     15. Condominiums:                                             %
     16. Single-family:                                            %
     17. Multifamily and Mixed Use Properties:                 -0-%

                                       5

<PAGE>



                                 ADDITION NOTICE

                                                          Date: January 10, 1997

LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603

         Re:  Pooling and Servicing Agreement, dated as of December 1, 1996,
              between Superior Bank FSB, as seller (the "Depositor"), LaSalle
              National Bank as trustee (the "Trustee") and Lee Servicing
              Company, a division of the Depositor, as servicer, relating to AFC
              Mortgage Loan Asset Backed CERTIFICATES, SERIES 1996-4 SUB-POOL 1

Ladies and Gentlemen:

     Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold
to the Trust Fund on January 10, 1997, with an aggregate principal balance of
$20,000,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.

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

                                      Very truly yours,
*Approximate

                                      SUPERIOR BANK FSB

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

ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By: /s/ CYNTHIA REIS
    -----------------------
    Name:  Cynthia Reis
    Title: Vice President
    Date:  January 10, 1997

<PAGE>


                                ADDITION NOTICE

                                                          Date: January 10, 1997

LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603

         Re:  Pooling and Servicing Agreement, dated as of December 1, 1996,
              between Superior Bank FSB, as seller (the "Depositor"), LaSalle
              National Bank as trustee (the "Trustee") and Lee Servicing
              Company, a division of the Depositor, as servicer, relating to AFC
              Mortgage Loan Asset Backed CERTIFICATES, SERIES 1996-4 SUB-POOL 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 January 10, 1997, with an aggregate principal balance of
$20,000,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.

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

                                      Very truly yours,
*Approximate

                                      SUPERIOR BANK FSB

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

ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By: /s/ CYNTHIA REIS
    -----------------------
    Name:  Cynthia Reis
    Title: Vice President
    Date:  January 10, 1997

<PAGE>


                              OFFICER'S CERTIFICATE

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

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

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

     IN WITNESS WHEREOF, I have hereunto signed my name.


Dated: January 10, 1997                  By: /s/ WILLIAM BRACKEN
                                             ----------------------------------
                                             Name:  William C. Bracken
                                             Title: Senior Vice President and
                                                    Chief Financial Officer

<PAGE>
<TABLE>

ALLIANCE FUNDING COMPANY                                                                                SALE SCHEDULE A
A DIVISION OF SUPERIOR BANK FSB           1996-4 CLASS 2 - 1ST SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 1/10/97
                                                                                                                      Page 1 1/13/97
<CAPTION>

                                                                                                                     Principal 
                                                                                                            Zip      Balance at 
  Sale ID    Account       Name                     Address                        City             State  Code      Origination
- --------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                      <C>                            <C>                   <C>  <C>    <C>       
   SB545   10216127729  CAIN JAMES               1229 S. HARDING                CHICAGO               IL   60623      30,000.00 
   SB545   10216131708  MEDINA KAREN A           633 SOUTH 8TH AVENUE           LAGRANGE              IL   60525      97,200.00 
   SB545   10216132635  WEST CECIL               1139 NEPTUNE AVENUE            AKRON                 OH   44301      60,000.00 
   SB545   10216133079  URBAN SUSAN E            2117 COOLIDGE                  MCHENRY               IL   60050      57,600.00 
   SB545   10216135692  AMUNDSEN FRANK SCOTT     11918 NORTH HONESTY ROAD       POCATELLO             ID   83202      48,000.00 
   SB545   10216136870  MARTINEZ FRED P          302 TANNER AVENUE              FLORENCE              CO   81226      72,500.00 
   SB545   10216136920  MANZANARES BENNIE R      4024 WEST 98TH PLACE           WESTMINSTER           CO   80030     162,000.00 
           --------------------------------------                                                                 --------------
                 7      Sale Total                                                                                   527,300.00 


<CAPTION>

                            Cut-off Date   First                  Initial    Minimum     Maximum
                              Principal  Payment     Maturity    Mortgage   Mortgage    Mortgage     Gross
  Sale ID    Account           Balance     Date        Date        Rate       Rate        Rate      Margin
- -------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>        <C>         <C>          <C>        <C>         <C>         <C>  
   SB545   10216127729        29,990.15  12/01/96    11/01/26     11.375     11.375      17.375      6.750
   SB545   10216131708        97,148.28  12/01/96    11/01/26      9.125      9.125      15.125      5.000
   SB545   10216132635        59,980.83  01/01/97    12/01/26     11.500     11.500      17.500      7.500
   SB545   10216133079        57,582.09  12/01/96    11/01/26     11.625     11.625      17.625      7.500
   SB545   10216135692        47,985.88  01/01/97    12/01/26     11.875     11.875      17.875      8.250
   SB545   10216136870        72,500.00  02/01/97    01/01/27      7.875      7.875      13.875      4.500
   SB545   10216136920       162,000.00  02/01/97    01/01/27      8.625      8.625      14.625      5.750
           ----------------------------                           ---------------------------------------------
                 7           527,187.23                            9.721      9.721      15.721      6.115
</TABLE>

<PAGE>
<TABLE>

ALLIANCE FUNDING COMPANY                                                                                SALE SCHEDULE A
A DIVISION OF SUPERIOR BANK FSB           1996-4 CLASS 2 - 1ST SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 1/10/97
                                                                                                                      Page 2 1/13/97

<CAPTION>
                                                                                                                     Principal 
                                                                                                            Zip      Balance at 
  Sale ID    Account       Name                     Address                        City             State  Code      Origination
- --------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                      <C>                            <C>                   <C>  <C>    <C>       
   SB546   10216118765  REGIS JOSEPH T           608 WEST 26TH STREET           WILMINGTON            DE   19802      86,400.00 
   SB546   10216129354  SHAW RALPH W III         3 BAILEY AVENUE                WALLINGFORD           CT   06492     110,000.00 
   SB546   10216130894  MORRISON GERALD M        32 SOUTH MAIN STREET           EAST PROSPECT         PA   17317      82,800.00 
   SB546   10216131767  SORENSON DEAN L          5290 WEST 10480 NORTH          HIGHLAND              UT   84003     128,000.00 
   SB546   10216132038  SCHMELZ ALAN G           4638 EAST DESERT COVE AVENUE   PHOENIX               AZ   85028     237,000.00 
   SB546   10216134664  CHARAFEDDINE MOHAMAD     13231 TIREMAN                  DEARBORN              MI   48126      68,400.00 
   SB546   10216134688  GIBBONS DALE B           8209 CREEKWAY                  PLAINFIELD            IN   46168     154,500.00 
   SB546   10216135008  FIELDS DEL SLADE         16716 EAST FAIRVIEW STREET     HIGLEY                AZ   85236     152,000.00 
   SB546   10216135220  GAULT WAYNE B II         705 W FRANKLIN STREET          PORTAGE               WI   53901      72,000.00 
   SB546   10216135535  FRANKS LINDA M           5493 CLINTON RIVER             WATERFORD             MI   48327      99,000.00 
   SB546   10216136039  MCGUIRE DORIS            148 NORTH WALLER               CHICAGO               IL   60644      60,000.00 
   SB546   10216136466  LEMPERES NICHOLAS C      6831 RASPBERRY DRIVE           EVERSON               WA   98247     200,000.00 
   SB546   10216136532  MALUSHI SAFET            4635 TERNES                    DEARBORN              MI   48126      82,500.00 
   SB546   10216136591  GONZALES ALBERT E        4054 WEST TOWNLEY AVENUE       PHOENIX               AZ   85051      70,550.00 
   SB546   10216136710  DEUBEL DONALD S          3600 BALDY MOUNTAIN ROAD       SANDPOINT             ID   83864      76,000.00 
   SB546   10216136747  HERNANDEZ JILL E         519 EAST BROADWAY              MEDFORD               WI   54451      45,700.00 
   SB546   10216136800  MONTELL TRINA A          11051 BLUEBIRD DRIVE           NORTH HUNTINGDON      PA   15642      61,520.00 
   SB546   10216137074  ZITTING BENJAMIN B       153 EAST 7720 SOUTH            MIDVALE               UT   84047     130,900.00 
   SB546   10216137099  CARLSON EDWARD G         2570 EAST SWEETWATER AVENUE    PHOENIX               AZ   85032      69,200.00 
   SB546   10216137200  HUASICA CAYETANO         8811 WEST MULBERRY DRIVE       PHOENIX               AZ   85037      59,380.00 
   SB546   10216137258  HACHEM NESRINE           6759 RUTHERFORD                DETROIT               MI   48228      47,700.00 
   SB546   10216137365  RILEY KEVIN D            3 WHITE CLAY LANE              WEST GROVE            PA   19390      76,000.00 
   SB546   10216137429  AYOUB HAMDA              7253 NECKEL                    DEARBORN              MI   48126      81,000.00 
   SB546   10216137563  SHEPARD VIRGINIA D       907 SOUTHWEST HAWTHORNE STREET MC MINNVILLE          OR   97128     102,500.00 
   SB546   10216137564  BADER BILL               50 DENMARK LOOP                SILVERTON             OR   97381      80,850.00 
   SB546   10216137576  NAKANO ASHLEY D          4820 FRIAR LANE                LAS VEGAS             NV   89130      89,250.00 
   SB546   10216137589  WILLIAMS RICHARD MARKUS  1740 WEST 12980 SOUTH          RIVERTON              UT   84065      62,050.00 
   SB546   10216137825  AL-SALAMI FOUAD          14264 LITHGOW                  DEARBORN              MI   48126      72,000.00 
   SB546   10216137829  AL-BADRI AJEEL           6918 MONTROSE                  DETROIT               MI   48228      47,500.00 
   SB546   10216137880  DOWN STEVEN L            760 EAST CORNER RIDGE DRIVE    DRAPER                UT   84020     288,000.00 
   SB546   10216138097  ONTIVEROS JILL           5577 SOUTH WALDEN MEADOWS DRI  MURRAY                UT   84123     140,000.00 
   SB546   10216138108  AHNERT JERRY J           3470 HARRIS STREET             EUGENE                OR   97405      96,300.00 
   SB546   10216138113  HOFFMANN KENNETH F       2441 MOUNTAIN VIEW DRIVE       LOVELAND              CO   80537      80,800.00 
   SB546   10216138132  SCHUEMAKER G DAVID       572 SOUTH CANOSA COURT         DENVER                CO   80219      88,000.00 
   SB546   10216138178  ARQUETTE GARY L          3456 SHADDICK                  WATERFORD             MI   48327      93,500.00 
   SB546   10216138180  HAZIME CHADIA            7923 INDIANA                   DEARBORN              MI   48126      76,000.00 
   SB546   10216138317  FARHAT NABIL             24807 DUNNING                  DEARBORN              MI   48124      81,900.00 
   SB546   10216138554  PILLION CHARLES          50 MECHANIC                    OXFORD                MI   48371      77,100.00 
   SB546   10216139069  SHAFFER CHARLES W        3113 NORTH MEADOW DRIVE        AVONDALE              AZ   85323     205,200.00 
   SB546   10216139094  MORAITES BRIDGET J       2322 PINE LAKE AVENUE          KEEGO HARBOR          MI   48320      64,000.00 
   SB546   10216139131  HAMMOUD TALIH            8910 GARY                      DEARBORN              MI   48126      72,000.00 
           --------------------------------------                                                                 --------------
                41      Sale Total                                                                                 4,067,500.00 

<CAPTION>

                            Cut-off Date   First                  Initial    Minimum     Maximum
                              Principal  Payment     Maturity    Mortgage   Mortgage    Mortgage     Gross
  Sale ID    Account           Balance     Date        Date        Rate       Rate        Rate      Margin
- -------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>        <C>         <C>          <C>        <C>         <C>         <C>  
   SB546   10216118765        85,786.59  07/01/96    06/01/26      9.375      9.375      15.375      5.750
   SB546   10216129354       109,938.47  01/01/97    12/01/26     12.125     12.125      18.125      8.500
   SB546   10216130894        82,766.20  12/01/96    11/01/26     10.375     10.375      16.375      6.750
   SB546   10216131767       127,924.31  12/01/96    11/01/26     11.875     11.875      17.875      8.250
   SB546   10216132038       237,000.00  01/01/97    12/01/26     10.625     10.625      16.625      7.000
   SB546   10216134664        68,368.09  12/01/96    11/01/26      9.750      9.750      15.750      5.750
   SB546   10216134688       154,427.92  12/01/96    11/01/26      9.750      9.750      15.750      4.500
   SB546   10216135008       151,910.26  01/01/97    12/01/26      8.625      8.625      14.625      5.000
   SB546   10216135220        71,939.36  12/01/96    11/01/26     10.250      9.250      16.250      5.750
   SB546   10216135535        99,000.00  01/01/97    12/01/26     10.625      9.625      16.625      6.750
   SB546   10216136039        60,000.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB546   10216136466       199,901.62  01/01/97    12/01/26      9.500      8.500      15.500      5.250
   SB546   10216136532        82,463.50  01/01/97    12/01/26     10.000     10.000      16.000      6.000
   SB546   10216136591        70,505.91  12/01/96    11/01/26     11.625     10.625      17.625      6.250
   SB546   10216136710        76,000.00  02/01/97    01/01/27     10.125      9.125      16.125      5.750
   SB546   10216136747        45,700.00  02/01/97    01/01/27      8.625      7.625      14.625      3.750
   SB546   10216136800        61,520.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB546   10216137074       130,900.00  01/01/97    12/01/26      9.250      8.250      15.250      5.000
   SB546   10216137099        69,200.00  01/01/97    12/01/26     11.625     11.625      17.625      8.000
   SB546   10216137200        59,343.91  01/01/97    12/01/26      9.375      8.375      15.375      5.750
   SB546   10216137258        47,677.15  01/01/97    12/01/26      9.625      9.625      15.625      5.750
   SB546   10216137365        75,977.02  01/01/97    12/01/26     11.750     10.750      17.750      7.000
   SB546   10216137429        80,961.19  01/01/97    12/01/26      9.625      9.625      15.625      5.750
   SB546   10216137563       102,500.00  01/01/97    12/01/26     11.000     10.000      17.000      6.750
   SB546   10216137564        80,817.87  01/01/97    12/01/26     10.500      9.500      16.500      6.250
   SB546   10216137576        89,211.56  01/01/97    12/01/26     10.125     10.125      16.125      6.500
   SB546   10216137589        62,050.00  02/01/97    01/01/27     10.625      9.625      16.625      6.250
   SB546   10216137825        71,965.51  01/01/97    12/01/26      9.625      9.625      15.625      5.750
   SB546   10216137829        47,500.00  01/01/97    12/01/26      9.625      9.625      15.625      5.750
   SB546   10216137880       288,000.00  01/01/97    12/01/26      9.625      9.625      15.625      6.000
   SB546   10216138097       140,000.00  01/01/97    12/01/26     11.125     10.125      17.125      6.750
   SB546   10216138108        96,300.00  01/01/97    12/01/26     11.000     10.000      17.000      6.750
   SB546   10216138113        80,800.00  02/01/97    01/01/27     12.000     11.000      18.000      7.250
   SB546   10216138132        88,000.00  02/01/97    01/01/27     11.875     10.875      17.875      7.250
   SB546   10216138178        93,476.07  01/01/97    12/01/26     12.500     11.500      18.500      8.500
   SB546   10216138180        76,000.00  02/01/97    01/01/27      8.125      8.125      14.125      4.500
   SB546   10216138317        81,860.77  01/01/97    12/01/26      9.625      9.625      15.625      5.750
   SB546   10216138554        77,057.89  01/01/97    12/01/26      9.000      8.000      15.000      5.500
   SB546   10216139069       205,200.00  02/01/97    01/01/27      9.125      9.125      15.125      5.750
   SB546   10216139094        64,000.00  02/01/97    01/01/27      9.750      8.750      15.750      6.250
   SB546   10216139131        72,000.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
           --------------------------                           ---------------------------------------------
                41         4,065,951.17                           10.190      9.721      16.190      6.152
</TABLE>
<PAGE>
<TABLE>

ALLIANCE FUNDING COMPANY                                                                                SALE SCHEDULE A
A DIVISION OF SUPERIOR BANK FSB           1996-4 CLASS 2 - 1ST SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 1/10/97
                                                                                                                      Page 3 1/13/97
<CAPTION>

                                                                                                                     Principal 
                                                                                                            Zip      Balance at 
  Sale ID    Account       Name                     Address                        City             State  Code      Origination
- --------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                      <C>                            <C>                   <C>  <C>    <C>       
   SB548   10216129762  BENHARD THOMAS M         255 EAST 3050 NORTH            NORTH OGDEN           UT   84414     123,250.00 
   SB548   10216136123  LAMM LOLITA L            4863 SOUTH 3730 WEST           SALT LAKE CITY        UT   84118     104,800.00 
   SB548   10216139710  BEDFORD DUANE P          9308 KENDALL STREET            WESTMINSTER           CO   80030      94,400.00 
           --------------------------------------                                                                 --------------
                 3      Sale Total                                                                                   322,450.00 

<CAPTION>


                            Cut-off Date   First                  Initial    Minimum     Maximum
                              Principal  Payment     Maturity    Mortgage   Mortgage    Mortgage     Gross
  Sale ID    Account           Balance     Date        Date        Rate       Rate        Rate      Margin
- -------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>        <C>         <C>          <C>        <C>         <C>         <C>  
   SB548   10216129762       123,202.33  01/01/97    12/01/26     10.625     10.625      16.625      7.000
   SB548   10216136123       104,800.00  02/01/97    01/01/27      8.875      8.875      14.875      5.250
   SB548   10216139710        94,400.00  02/01/97    01/01/27     10.625     10.625      16.625      7.250
           ----------------------------                           ---------------------------------------------
                 3           322,402.33                           10.056     10.056      16.056      6.504
</TABLE>


<PAGE>
<TABLE>

ALLIANCE FUNDING COMPANY                                                                                SALE SCHEDULE A
A DIVISION OF SUPERIOR BANK FSB           1996-4 CLASS 2 - 1ST SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 1/10/97
                                                                                                                      Page 4 1/13/97
<CAPTION>

                                                                                                                     Principal 
                                                                                                            Zip      Balance at 
  Sale ID    Account       Name                     Address                        City             State  Code      Origination
- --------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                      <C>                            <C>                   <C>  <C>    <C>       
   SB549   10216129181  SHOCKER KIRK J           7 BIRCH TERRACE                GARRISON              NY   10566     132,000.00 
   SB549   10216129709  GOLDING MARK A           STAR ROUTE BOX 67              PLEASANT MOUNT        PA   18453      51,000.00 
   SB549   10216130425  HORNER PAUL M            49 VERNON AVE                  ALIQUIPPA             PA   15001      72,675.00 
   SB549   10216131114  LENTZ ELAINE J           820 BAY AVE                    SOMERS POINT          NJ   08244     180,000.00 
   SB549   10216132145  DESIR WINTZER            9780 FERN LANE                 MIRAMAR               FL   33025      66,400.00 
   SB549   10216132678  THACKER REGENA A         3707 COLLIER ROAD              RANDALLSTOWN          MD   21133     113,400.00 
   SB549   10216132700  MORGAN STANLEY A         7121 GEOWOOD WAY               CITRUS HEIGHTS        CA   95610      97,750.00 
   SB549   10216132963  BJORNSTAD KAREN          2904 NORTH 54TH LANE           PHOENIX               AZ   85031      42,000.00 
   SB549   10216133006  HUGGLER DAVID C          116 SPENCER LANE               ALBRIGHTSVILLE        PA   18210      49,500.00 
   SB549   10216133193  HOWE MARK                5904 SPRINGRUN  COURT          HOLIDAY               FL   34690     115,600.00 
   SB549   10216134132  LEVIN ELIOT              4 WINSTON CIRCLE               HORSHAM               PA   19044     148,500.00 
   SB549   10216134322  CLARK KEVIN              LOT 7 FOX CROFT DEVELOPMENT    BRODHEADSVILLE        PA   18330      75,200.00 
   SB549   10216134349  SOPEL RICHARD ELDEN JR   6434 MARINER BOULEVARD         SPRINGHILL            FL   34609      56,760.00 
   SB549   10216134409  MCCLELLAN CHARLES H JR   10322 111TH STREET             LARGO                 FL   34648      92,800.00 
   SB549   10216134598  JOB MARILYN G            2002 DONEGAL COURT             OLDSMAR               FL   34677      63,750.00 
   SB549   10216134746  HAYES JAMES R JR         4416 MELROSE AVE               TAMPA                 FL   33629     110,200.00 
   SB549   10216134749  WHITE CLIFFORD B         31 RUSHMORE DRIVE              PITTSBURGH            PA   15235     113,600.00 
   SB549   10216134804  DOUGLAS DAVID L          2865 LONGLEAF LANE             PALM HARBOR           FL   34682     107,200.00 
   SB549   10216134958  DERLETH JOHN J JR        3006 10TH STREET SW            LEHIGH ACRES          FL   33971      76,000.00 
   SB549   10216134964  LACKMAN SCOTT L          1710 LAUREL LANE               OREFIELD              PA   18069     220,000.00 
   SB549   10216134969  LOPEZ FRANK              508 IBIS WAY                   NAPLES                FL   34110     125,700.00 
   SB549   10216135283  BISHOP CHRISTOPHER T     1222 SOUTH BOULEVARD           BETHLEHEM             PA   18017      74,000.00 
   SB549   10216135498  TOMASZEK JAMES P         104 LONGBOW LANE               GOOSE CREEK           SC   29445      37,500.00 
   SB549   10216135574  KUDZINOWSKI ANTHONY P    57 DEWITT STREET               PITTSTON              PA   18640      67,065.00 
   SB549   10216135595  CARTER GERALD LEE        RT 3 BOX 102 H                 MILTON                DE   19968     109,500.00 
   SB549   10216135628  BILLINGSLEY KEITH A      403 W. SCHOOL STREET           PLANO                 IL   60545      85,000.00 
   SB549   10216135675  ANDROSKI DAVE J          73 WOODLAWN AVE                MOUNTAINTOP           PA   18707      47,500.00 
   SB549   10216135676  HAFERL MICHAEL E SR      12 ORIENTAL AVE                CAMDEN                NJ   08108     104,000.00 
   SB549   10216135677  MCGRAW MICHAEL P         LOT 29 STAMPER FARMS           LEWES                 DE   19958     130,400.00 
   SB549   10216135762  BOLICH BEVERLY J         20 GREEN ACRE RD               LITITZ                PA   17543      67,500.00 
   SB549   10216135833  GROH CAROL R             4916 GREENLEE AVENUE           CINCINNATI            OH   45217      60,000.00 
   SB549   10216135837  SMOOT DAVID THURMAN      2824 KNOLLWOOD LANE            GLENVIEW              IL   60025     362,400.00 
   SB549   10216135838  BAERWALDT ROBERT W       31 SHEEHAN DRIVE               LAKE VILLA            IL   60046     146,700.00 
   SB549   10216135850  BIRT MICHAEL P II        22259 CASS                     FARMINGTON HILLS      MI   48335     105,300.00 
   SB549   10216135933  CUNNINGHAM GARY L        11230 SOUTH LANGLEY            CHICAGO               IL   60628      51,000.00 
   SB549   10216135942  RANK EVERETT E           1746 NORTH STATE RT. 741       LEBANON               OH   45036     226,000.00 
   SB549   10216135950  KILLIN PATRICK P         2901 HILLSIDE AVE.             SPRINGFIELD           OH   45503     124,000.00 
   SB549   10216135960  KLEMP ERIC               2035 LAUBACH STREET(SIEGFRIED) NORTHAMPTON           PA   18067      85,000.00 
   SB549   10216136023  REMO EDGARDO P           2003 JOANNA                    ZION                  IL   60099      75,000.00 
   SB549   10216136033  CARLSON LARRY            18936 S. SPRINGFIELD AVENUE    FLOSSMOOR             IL   60422     101,700.00 
   SB549   10216136034  SMOLA BARBARA            1931 S. MORGAN ST.             CHICAGO               IL   60608     119,000.00 
   SB549   10216136037  PUGH WILLIAM H           4033-4035 KLEIN AVENUE         STOW                  OH   44224     140,000.00 
   SB549   10216136038  MALDONADO ANGEL L JR     1614 N. LECLAIRE AVE.          CHICAGO               IL   60639     158,000.00 
   SB549   10216136044  THIEMER CHERYL J         2919 TRACEWAY DRIVE            MADISON               WI   53713     132,000.00 
   SB549   10216136082  DAYOUB FADI N            418 LIBERTY STREET             ALLENTOWN             PA   18102      18,650.00 
   SB549   10216136168  VARGAS ELIZABETH         5140 S. SAWYER AVE.            CHICAGO               IL   60632      67,500.00 
   SB549   10216136177  SCHUSTER MICHAEL F       473 HARVARD LANE               BARTLETT              IL   60103     110,500.00 
   SB549   10216136182  BROWN BERNARD            138 SOUTH 15TH AVENUE          MAYWOOD               IL   60153      78,400.00 
   SB549   10216136186  COLLINS MICHAEL E        1345 E. FOREST AVENUE          DES PLAINES           IL   60018     102,600.00 
   SB549   10216136237  BEEBE FRED               510 JACKSON AVENUE             WILMINGTON            DE   19804      90,300.00 
   SB549   10216136267  SIRILLA MARY SUE         112 THIRD AVENUE               NEW EAGLE             PA   15067      70,400.00 
   SB549   10216136268  SIRILLA MARY SUE         110 THIRD AVENUE               NEW EAGLE             PA   15067      42,000.00 
   SB549   10216136311  GONZALES CHRIS           5 CLEARWATER CT.               STREAMWOOD            IL   60107     185,400.00 
   SB549   10216136320  DIGRAZIA JAMES D         1512 ORWELL ROAD               NAPERVILLE            IL   60564     241,400.00 
   SB549   10216136327  SCHNEIDER MARK C         4408 S. 15TH STREET            MILWAUKEE             WI   53221      85,000.00 
   SB549   10216136346  LITTAU AARON K           5518 FERNBROOK CT S            SALEM                 OR   97306      80,000.00 
   SB549   10216136410  BOMEDIANO CARMINA        4514 N. SPRINGFIELD            CHICAGO               IL   60625     160,000.00 
   SB549   10216136414  CICUTO PATRICIA A        16602 WEST 145TH PLACE         LOCKPORT              IL   60441      78,400.00 
   SB549   10216136428  ROBB MATTHEW D           9376 BONNIE BRIAR              WHITE LAKE            MI   48386      94,500.00 
   SB549   10216136429  SCHROEDER TODD L         7929 W. 1ST STREET             WATERTOWN             WI   53098      59,500.00 
   SB549   10216136440  ABELL KEITH JACK         625 WEST GREENLEAF STREET      ALLENTOWN             PA   18102      57,800.00 

<CAPTION>


                            Cut-off Date   First                  Initial    Minimum     Maximum
                              Principal  Payment     Maturity    Mortgage   Mortgage    Mortgage     Gross
  Sale ID    Account           Balance     Date        Date        Rate       Rate        Rate      Margin
- -------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>        <C>         <C>          <C>        <C>         <C>         <C>  
   SB549   10216129181       131,835.33  11/01/96    10/01/26      8.375      8.375      14.375      5.500
   SB549   10216129709        51,000.00  02/01/97    01/01/27     10.500      9.500      16.500      5.750
   SB549   10216130425        72,675.00  02/01/97    01/01/27     10.875      9.875      16.875      6.250
   SB549   10216131114       180,000.00  02/01/97    01/01/27      9.750      8.750      15.750      5.250
   SB549   10216132145        66,400.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216132678       113,400.00  02/01/97    01/01/27      9.625      8.625      15.625      5.000
   SB549   10216132700        97,750.00  01/01/97    12/01/26      9.875      9.875      15.875      6.500
   SB549   10216132963        41,980.92  12/01/96    11/01/26      9.875      9.875      15.875      6.250
   SB549   10216133006        49,500.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216133193       115,600.00  02/01/97    01/01/27      9.750      8.750      15.750      5.250
   SB549   10216134132       148,500.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216134322        75,200.00  02/01/97    01/01/27     11.750     10.750      17.750      7.000
   SB549   10216134349        56,760.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216134409        92,800.00  02/01/97    01/01/27      9.375      8.375      15.375      5.000
   SB549   10216134598        63,750.00  02/01/97    01/01/27      8.625      7.625      14.625      3.750
   SB549   10216134746       110,200.00  02/01/97    01/01/27     11.000     10.000      17.000      6.500
   SB549   10216134749       113,600.00  02/01/97    01/01/27     12.250     11.250      18.250      7.250
   SB549   10216134804       107,200.00  02/01/97    01/01/27     12.000     11.000      18.000      7.000
   SB549   10216134958        76,000.00  02/01/97    01/01/27     11.500     10.500      17.500      7.000
   SB549   10216134964       220,000.00  02/01/97    01/01/27      9.625      8.625      15.625      5.000
   SB549   10216134969       125,700.00  02/01/97    01/01/27     11.500     10.500      17.500      7.000
   SB549   10216135283        74,000.00  02/01/97    01/01/27     12.125     11.125      18.125      7.250
   SB549   10216135498        37,500.00  02/01/97    01/01/27      9.375      8.375      15.375      5.000
   SB549   10216135574        67,065.00  02/01/97    01/01/27     10.000      9.000      16.000      5.500
   SB549   10216135595       109,500.00  02/01/97    01/01/27     10.500      9.500      16.500      5.750
   SB549   10216135628        85,000.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216135675        47,500.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216135676       104,000.00  02/01/97    01/01/27     11.250     10.250      17.250      7.500
   SB549   10216135677       130,400.00  02/01/97    01/01/27     10.125      9.125      16.125      5.500
   SB549   10216135762        67,500.00  02/01/97    01/01/27     12.250     11.250      18.250      6.750
   SB549   10216135833        60,000.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216135837       362,400.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216135838       146,700.00  02/01/97    01/01/27      9.875      8.875      15.875      5.000
   SB549   10216135850       105,300.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216135933        51,000.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216135942       226,000.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216135950       124,000.00  02/01/97    01/01/27     12.500     11.500      18.500      7.500
   SB549   10216135960        85,000.00  02/01/97    01/01/27      9.750      8.750      15.750      5.250
   SB549   10216136023        75,000.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216136033       101,700.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216136034       119,000.00  02/01/97    01/01/27      8.875      7.875      14.875      4.000
   SB549   10216136037       140,000.00  02/01/97    01/01/27     10.500      9.500      16.500      5.750
   SB549   10216136038       158,000.00  02/01/97    01/01/27      8.875      7.875      14.875      4.000
   SB549   10216136044       132,000.00  02/01/97    01/01/27     11.500     10.500      17.500      7.000
   SB549   10216136082        18,650.00  02/01/97    01/01/27     11.750     10.750      17.750      7.000
   SB549   10216136168        67,500.00  02/01/97    01/01/27      9.875      8.875      15.875      5.000
   SB549   10216136177       110,500.00  02/01/97    01/01/27     12.250     11.250      18.250      6.750
   SB549   10216136182        78,400.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216136186       102,600.00  02/01/97    01/01/27      9.875      8.875      15.875      5.000
   SB549   10216136237        90,300.00  02/01/97    01/01/27      8.750      7.750      14.750      4.500
   SB549   10216136267        70,400.00  02/01/97    01/01/27      9.750      8.750      15.750      5.250
   SB549   10216136268        42,000.00  02/01/97    01/01/27      9.750      8.750      15.750      5.250
   SB549   10216136311       185,400.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216136320       241,400.00  02/01/97    01/01/27     11.250     10.250      17.250      6.750
   SB549   10216136327        85,000.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216136346        79,981.71  01/01/97    12/01/26     13.000     12.000      19.000      8.250
   SB549   10216136410       160,000.00  02/01/97    01/01/27     12.000     11.000      18.000      7.250
   SB549   10216136414        78,400.00  02/01/97    01/01/27     12.500     11.500      18.500      7.500
   SB549   10216136428        94,500.00  02/01/97    01/01/27      9.250      8.250      15.250      5.500
   SB549   10216136429        59,500.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216136440        57,800.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
</TABLE>


<PAGE>
<TABLE>

ALLIANCE FUNDING COMPANY                                                                                SALE SCHEDULE A
A DIVISION OF SUPERIOR BANK FSB           1996-4 CLASS 2 - 1ST SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 1/10/97
                                                                                                                      Page 5 1/13/97
<CAPTION>

                                                                                                                     Principal 
                                                                                                            Zip      Balance at 
  Sale ID    Account       Name                     Address                        City             State  Code      Origination
- --------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                      <C>                            <C>                   <C>  <C>    <C>       
   SB549   10216136455  BLAKE TIMOTHY H          7 VALLEYVUE DRIVE              IRWIN                 PA   15642     115,200.00 
   SB549   10216136456  BROCKWAY DEBORAH G       4708 46TH AVENUE SOUTH         SEATTLE               WA   98118     135,000.00 
   SB549   10216136467  KIESEL ROLAND G          6610 WEST 74TH PLACE           ARVADA                CO   80003      69,550.00 
   SB549   10216136535  MORRIS ELAINE C          3885-87 N. 84TH ST.            MILWAUKEE             WI   53222      72,800.00 
   SB549   10216136546  BEHNE TIMOTHY D          981 LAKEWAY                    UNION                 KY   41091     160,600.00 
   SB549   10216136585  COLBY ROBERT F           23008 CALIFORNIA               SAINT CLAIR SHORES    MI   48080      84,100.00 
   SB549   10216136631  STEED PHILLIP            2327 BRIDLEWOOD BOULEVARD      OBETZ                 OH   43207      72,000.00 
   SB549   10216136638  JOHNSON ANNE S           755 E. 154TH PL.               SOUTH HOLLAND         IL   60473     128,200.00 
   SB549   10216136644  GARIB ANNE E             5626 MIDDLESEX                 DEARBORN              MI   48126      94,500.00 
   SB549   10216136774  FAUST MICHAEL D          114 FIELDSTONE DRIVE           CARLISLE              PA   17013     127,960.00 
   SB549   10216136832  LAMBE CHARLES R          665 HAYES STREET               BETHLEHEM             PA   18015      73,100.00 
   SB549   10216136843  ROBINSON ULYSSES A JR    113 GLENORA DRIVE              CORAOPOLIS            PA   15108      99,600.00 
   SB549   10216136897  WOODS JAMES C            16041 SOUTH DOBSON             SOUTH HOLLAND         IL   60473     112,500.00 
   SB549   10216136902  HUNTER NANCY LEE         14827 MARSHFIELD               HARVEY                IL   60426      33,000.00 
   SB549   10216137018  SWITALLA STEVEN          5211 NORTH LIND AVENUE         CHICAGO               IL   60630     109,500.00 
   SB549   10216137090  QUINN EDWARD G           2131 RIVERSIDE DRIVE           BETHLEHEM             PA   18015      67,500.00 
   SB549   10216137173  WEEKS ELBERT C           LOT 10 YEOMANS TALE LANE       FELTON                DE   19943     113,900.00 
   SB549   10216137230  AHMED MOHAMMED F         216A LINN COURT                NORTH AURORA          IL   60542      40,500.00 
   SB549   10216137256  ALKATIE FAROUK           38600 NELLIE                   WESTLAND              MI   48186     112,800.00 
   SB549   10216137290  CANNING WILLIAM H        3147 PALISADES DR              MERRIONETTE PARK      IL   60655      75,600.00 
   SB549   10216137312  YALDO WAFA               21614 TEN MILE RD.             SOUTHFIELD            MI   48075     100,000.00 
   SB549   10216137341  RUBIN GLEN D             BOX C ROCKCREST DR             HENRYVILLE            PA   18332     136,850.00 
   SB549   10216137423  GRAY-BOYNTON KARLA       1477 BALMORAL DR.              DETROIT               MI   48203     210,000.00 
   SB549   10216137428  LAROCQUE JOHN HENRY      8630 DODGE                     WARREN                MI   48089      38,600.00 
   SB549   10216137519  LARSON CHRISTINA H       601 SOUTH 8TH AVENUE           LA GRANGE             IL   60525      92,500.00 
   SB549   10216137529  CHLOPEK DIANE M          52 N. ALBERT ST.               MT. PROSPECT          IL   60056      97,700.00 
   SB549   10216137531  MAZZAMUTO ROSALIA        4315 NORTH NEWLAND AVENUE      HARWOOD HEIGHTS       IL   60634      91,600.00 
   SB549   10216137540  MICHEL DAVID J           1739 N 6TH ST                  SHEBOYGAN             WI   53081     180,000.00 
   SB549   10216137622  STOLZMAN PAUL A          729 BUNTING CT                 WEST CHICAGO          IL   60185     346,000.00 
   SB549   10216137626  SENTENO BENIGNO          10415 AVENUE H                 CHICAGO               IL   60617      71,100.00 
   SB549   10216137641  POTTS WILLIAM C JR       3920 HIGHWAY 35                SPARTA                KY   41086      67,500.00 
   SB549   10216137808  HARRIS DAVID A           351 SILVER STREET              ELGIN                 IL   60123     134,400.00 
   SB549   10216137827  MUNOZ DAVID              3315 HOLLY                     FLINT                 MI   48506      49,500.00 
   SB549   10216137831  ELSAGHIR LINA            6910 MEAD                      DEARBORN              MI   48126     103,500.00 
   SB549   10216137899  MARS JOHN A              527 BRIDLE LANE                WHEATON               IL   60187     110,000.00 
   SB549   10216138009  FLING BERNARD E          3351 OAKLEAF                   W. BLOOMFIELD         MI   48324     134,300.00 
   SB549   10216138014  ROUGHLEY DAVID R         14399 NOLA                     LIVONIA               MI   48154     135,000.00 
   SB549   10216138056  MARTINEZ ARTHUR F        4370 WEST 4835 SOUTH           SALT LAKE CITY        UT   84118      73,000.00 
   SB549   10216138081  HUTCHINS ANDRE S         16620 ANGELICA COURT           RIVERSIDE             CA   92503     161,415.00 
   SB549   10216138204  DANT RONALD W            5280 TURKEYFOOT AVE            ZIONSVILLE            IN   46077     284,700.00 
   SB549   10216138296  MARTINEZ JOEL M          102 4TH STREET                 GILCREST              CO   80623      57,600.00 
   SB549   10216138313  WAGEMAN GAYLE A          5072 SOUTH 2825 WEST           ROY                   UT   84067      50,000.00 
   SB549   10216138405  MARDER ROBERT M          3222 PRESTWICK                 NORTHBROOK            IL   60062     315,000.00 
   SB549   10216138413  BARR GEORGE R            2419 N. KEDZIE AVENUE          CHICAGO               IL   60647     333,000.00 
   SB549   10216138587  JOHNSON WILLIAM ROBERT   6545 EAST MENLO STREET         MESA                  AZ   85215     110,115.00 
   SB549   10216138618  MAURER DARRIN E          2449 WEST GLENROSA AVENUE      PHOENIX               AZ   85015      32,500.00 
   SB549   10216138619  MAURER DARRIN E          2441 WEST GLENROSA AVENUE      PHOENIX               AZ   85015      26,000.00 
   SB549   10216138684  GEPFORD CHARLES D        20425 WILLAMETTE DRIVE         WEST LINN             OR   97068     626,500.00 
   SB549   10216138856  BAYDOUN MARIAM           4626 PALMER                    DEARBORN              MI   48126      79,200.00 
   SB549   10216138944  BRZUZY ROMUALD           5153 WEST ARGYLE AVENUE        CHICAGO               IL   60630     165,750.00 
   SB549   10216139136  PERSINGER LORRAINE A     2614 NORTH ARAGON AVENUE       KETTERING             OH   45420      47,600.00 
   SB549   10216139471  HONEY DOUGLAS SCOTT      57 EAST 400 SOUTH              MT PLEASANT           UT   84647      58,500.00 
   SB549   10216139919  AXT MICHAEL CARROLL      9824 SOUTH FOXHILL CIRCLE      HIGHLANDS RANCH       CO   80126     129,500.00 
           --------------------------------------                                                                 --------------
               114      Sale Total                                                                                12,887,790.00 

<CAPTION>


                            Cut-off Date   First                  Initial    Minimum     Maximum
                              Principal  Payment     Maturity    Mortgage   Mortgage    Mortgage     Gross
  Sale ID    Account           Balance     Date        Date        Rate       Rate        Rate      Margin
- -------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>        <C>         <C>          <C>        <C>         <C>         <C>  
   SB549   10216136455       115,200.00  02/01/97    01/01/27      9.625      8.625      15.625      5.000
   SB549   10216136456       135,000.00  01/01/97    12/01/26     10.625      9.625      16.625      6.000
   SB549   10216136467        69,550.00  02/01/97    01/01/27     12.000     11.000      18.000      6.750
   SB549   10216136535        72,800.00  02/01/97    01/01/27     10.500      9.500      16.500      6.000
   SB549   10216136546       160,600.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216136585        84,029.16  12/01/96    11/01/26     10.250      9.250      16.250      5.750
   SB549   10216136631        72,000.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216136638       128,200.00  02/01/97    01/01/27     12.500     11.500      18.500      7.500
   SB549   10216136644        94,500.00  02/01/97    01/01/27      9.875      8.875      15.875      5.000
   SB549   10216136774       127,960.00  01/01/97    12/01/26     12.250     11.250      18.250      8.500
   SB549   10216136832        73,100.00  02/01/97    01/01/27     10.000      9.000      16.000      5.500
   SB549   10216136843        99,600.00  02/01/97    01/01/27      9.625      8.625      15.625      5.000
   SB549   10216136897       112,500.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216136902        33,000.00  02/01/97    01/01/27     12.125     11.125      18.125      6.750
   SB549   10216137018       109,500.00  02/01/97    01/01/27     12.500     11.500      18.500      7.500
   SB549   10216137090        67,500.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216137173       113,900.00  02/01/97    01/01/27     10.875      9.875      16.875      6.250
   SB549   10216137230        40,500.00  02/01/97    01/01/27     10.000      9.000      16.000      5.500
   SB549   10216137256       112,800.00  02/01/97    01/01/27     12.000     11.000      18.000      7.250
   SB549   10216137290        75,600.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216137312       100,000.00  02/01/97    01/01/27     10.500      9.500      16.500      5.750
   SB549   10216137341       136,850.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
   SB549   10216137423       210,000.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216137428        38,586.97  01/01/97    12/01/26     11.250     10.250      17.250      6.750
   SB549   10216137519        92,500.00  02/01/97    01/01/27      8.625      7.625      14.625      3.750
   SB549   10216137529        97,700.00  02/01/97    01/01/27     11.250     10.250      17.250      6.750
   SB549   10216137531        91,600.00  02/01/97    01/01/27      9.750      8.750      15.750      5.250
   SB549   10216137540       180,000.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216137622       346,000.00  02/01/97    01/01/27      9.875      8.875      15.875      5.000
   SB549   10216137626        71,100.00  02/01/97    01/01/27      9.875      8.875      15.875      5.000
   SB549   10216137641        67,500.00  02/01/97    01/01/27     10.500      9.500      16.500      5.750
   SB549   10216137808       134,400.00  02/01/97    01/01/27     12.500     11.500      18.500      7.500
   SB549   10216137827        49,500.00  02/01/97    01/01/27     10.250      9.250      16.250      6.750
   SB549   10216137831       103,500.00  01/01/97    12/01/26      9.625      9.625      15.625      5.750
   SB549   10216137899       110,000.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216138009       134,300.00  02/01/97    01/01/27      8.625      7.625      14.625      3.750
   SB549   10216138014       134,896.19  01/01/97    12/01/26      8.625      8.625      14.625      5.000
   SB549   10216138056        73,000.00  02/01/97    01/01/27     11.625     10.625      17.625      7.250
   SB549   10216138081       161,415.00  02/01/97    01/01/27     10.000      9.000      16.000      5.750
   SB549   10216138204       284,700.00  02/01/97    01/01/27     11.250     10.250      17.250      6.750
   SB549   10216138296        57,600.00  02/01/97    01/01/27     10.000      9.000      16.000      5.750
   SB549   10216138313        50,000.00  02/01/97    01/01/27     10.375      9.375      16.375      6.000
   SB549   10216138405       315,000.00  02/01/97    01/01/27      9.000      8.000      15.000      4.500
   SB549   10216138413       333,000.00  02/01/97    01/01/27     10.000      9.000      16.000      5.750
   SB549   10216138587       109,219.07  01/01/97    12/01/26      9.125      9.125      15.125      5.500
   SB549   10216138618        32,500.00  01/01/97    12/01/26     10.750      9.750      16.750      6.500
   SB549   10216138619        26,000.00  01/01/97    12/01/26     10.750      9.750      16.750      6.500
   SB549   10216138684       626,500.00  02/01/97    01/01/27     10.500      9.500      16.500      6.250
   SB549   10216138856        79,163.75  01/01/97    12/01/26      9.875      8.875      15.875      5.000
   SB549   10216138944       165,750.00  02/01/97    01/01/27     10.875      9.875      16.875      6.250
   SB549   10216139136        47,600.00  02/01/97    01/01/27     11.000     10.000      17.000      6.000
   SB549   10216139471        58,500.00  02/01/97    01/01/27      8.375      8.375      14.375      5.000
   SB549   10216139919       129,500.00  02/01/97    01/01/27      9.375      8.375      15.375      5.000
           ----------------------------                           ---------------------------------------------
               114        12,886,468.10                           10.372      9.424      16.372      5.811
</TABLE>
<PAGE>
<TABLE>

ALLIANCE FUNDING COMPANY                                                                                SALE SCHEDULE A
A DIVISION OF SUPERIOR BANK FSB           1996-4 CLASS 2 - 1ST SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 1/10/97
                                                                                                                      Page 6 1/13/97
<CAPTION>

                                                                                                                     Principal 
                                                                                                            Zip      Balance at 
  Sale ID    Account       Name                     Address                        City             State  Code      Origination
- --------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                      <C>                            <C>                   <C>  <C>    <C>       
   SBC547  10218002569  SCARABINO LORRAINE       35 BRAISTED AVE                STATEN ISLAND         NY   10314     144,000.00 
   SBC547  10218002574  BALTAR ARTURO            1221 TAYLOR AVE                BRONX                 NY   10472      63,000.00 
   SBC547  10218002955  DUFFY DONNA              112 CLIFFSIDE DR               PLYMOUTH              MA   02360      96,200.00 
   SBC547  10218003133  THEODOSIS ATHINA         50-50 186TH STREET             FRESH MEADOWS         NY   11365     190,800.00 
   SBC547  10218003231  LEAVITT MAUREEN          157 NORTH CLINTON AVENUE       LINDENHURST           NY   11757      80,000.00 
   SBC547  10218003342  HALL ROBERT B            525 SHARON TPKE                GOSHEN                CT   06756     165,000.00 
   SBC547  10218003505  HAEGER WALTER J          36 HAMMOCK ROAD SOUTH          WESTBROOK             CT   06498      76,500.00 
   SBC547  10218003540  BROWN LEROY JR           1332 F ST NE                   WASHINGTON            DC   20002      90,000.00 
   SBC547  10218003750  DICKERSON MILDRED R      1617 8TH ST NW                 WASHINGTON            DC   20001      76,950.00 
   SBC547  10218004323  AVIN STEVE D             1018 KENTWOOD DR               SUMTER                SC   29154      72,250.00 
   SBC547  10218004763  FERREIRA JOSE            13 TRADING COVE DR             NORWICH               CT   06360      73,000.00 
   SBC547  10218005272  EASLEY MICHAEL           2306 SW 39TH ST                CAPE CORAL            FL   33914      65,600.00 
   SBC547  10218005885  BATES JAMES              17511 MONTEVERDE DR            BROOKSVILLE           FL   34610     116,000.00 
   SBC547  10218007067  WRIGHT JEWELS            252 PROSPECT ST                SOUTH ORANGE          NJ   07079     156,000.00 
           --------------------------------------                                                                 --------------
                14      Sale Total                                                                                 1,465,300.00 

<CAPTION>


                            Cut-off Date   First                  Initial    Minimum     Maximum
                              Principal  Payment     Maturity    Mortgage   Mortgage    Mortgage     Gross
  Sale ID    Account           Balance     Date        Date        Rate       Rate        Rate      Margin
- -------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>        <C>         <C>          <C>        <C>         <C>         <C>  
   SBC547  10218002569       143,941.21  01/01/97    12/01/26     10.375     10.375      16.375      6.750
   SBC547  10218002574        63,000.00  01/01/97    12/01/26     10.375     10.375      16.375      6.750
   SBC547  10218002955        96,160.73  12/01/96    11/01/26     10.375     10.375      16.375      6.500
   SBC547  10218003133       190,800.00  02/01/97    01/01/27     10.000      9.000      16.000      6.750
   SBC547  10218003231        80,000.00  01/01/97    12/01/26     10.125      9.125      16.125      6.750
   SBC547  10218003342       164,962.27  01/01/97    12/01/26     13.000     12.000      19.000      8.250
   SBC547  10218003505        76,476.21  01/01/97    12/01/26     11.625     10.625      17.625      7.375
   SBC547  10218003540        89,954.56  01/01/97    12/01/26      9.375      9.375      15.375      6.750
   SBC547  10218003750        76,950.00  01/01/97    12/01/26     10.250      9.250      16.250      5.750
   SBC547  10218004323        72,250.00  01/01/97    12/01/26     10.750      9.750      16.750      6.500
   SBC547  10218004763        73,000.00  01/01/97    12/01/26      7.875      7.875      13.875      4.750
   SBC547  10218005272        65,600.00  02/01/97    01/01/27     11.500     10.500      17.500      7.000
   SBC547  10218005885       116,000.00  12/25/96    11/25/26      9.000      8.000      15.000      4.500
   SBC547  10218007067       156,000.00  02/01/97    01/01/27     12.000     11.000      18.000      7.750
           ----------------------------                           ---------------------------------------------
                14         1,465,094.98                           10.614      9.932      16.614      6.710
</TABLE>
<PAGE>
<TABLE>

ALLIANCE FUNDING COMPANY                                                                                SALE SCHEDULE A
A DIVISION OF SUPERIOR BANK FSB           1996-4 CLASS 2 - 1ST SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 1/10/97
                                                                                                                      Page 7 1/13/97
<CAPTION>

                                                                                                                     Principal 
                                                                                                            Zip      Balance at 
  Sale ID    Account       Name                     Address                        City             State  Code      Origination
- --------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                      <C>                            <C>                   <C>  <C>    <C>       
   SBC550  10218002259  LEVY AUDREY              4 COUGAR CIR                   WAYNE                 NJ   07470     225,000.00 
   SBC550  10218004297  STEWART KENDALL          5652 KINGS HWY                 BROOKLYN              NY   11203     184,000.00 
   SBC550  10218004547  SHERWOOD WILLIAM E       3539 BUENA VISTA AVE           BALTIMORE             MD   21211      67,150.00 
   SBC550  10218006067  SANDIFER ALFRED L        3218 COMMODORE DRIVE           MACON                 GA   31211      50,850.00 
           --------------------------------------                                                                 --------------
                 4      Sale Total                                                                                   527,000.00 
               183      Total with Superior                                                                       19,797,340.00 
               183      Grand Total                                                                               19,797,340.00 

<CAPTION>


                            Cut-off Date  First                   Initial    Minimum     Maximum
                              Principal  Payment     Maturity    Mortgage   Mortgage    Mortgage     Gross
  Sale ID    Account           Balance     Date        Date        Rate       Rate        Rate      Margin
- -------------------------------------------------------------------------------------------------------------
<S>        <C>                <C>        <C>         <C>          <C>        <C>         <C>         <C>  
   SBC550  10218002259       224,860.15  01/01/97    12/01/26      8.375      8.375      14.375      6.000
   SBC550  10218004297       184,000.00  02/01/97    01/01/27     10.750      9.750      16.750      7.500
   SBC550  10218004547        67,119.49  01/01/97    12/01/26      9.875      9.875      15.875      7.250
   SBC550  10218006067        50,850.00  02/01/97    01/01/27     10.250      9.250      16.250      5.750
                          -------------                          -----------------------------------------
                             526,829.64                            9.577      9.131      15.577      6.659
                          19,793,933.45                           10.309      9.533      16.309      5.990
                          19,793,933.45                           10.309      9.533      16.309      5.990
</TABLE>
<PAGE>
<TABLE>
Alliance Funding Company                                                                       Sale Schedule B
A division of Superior Bank FSB           1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 1/10/97
                                                                                                                    Page 1   1/13/97
<CAPTION>
                                                                    Principal     Type of          Scheduled     Cut-off Date
                                                                    Balance at    Mortgaged         Payment        Principal
 Sale ID     Account       Name                                    Origination    Property         Int & Prin       Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                                   <C>                <C>           <C>            <C>      
  SB545    10216127729  CAIN JAMES                                   30,000.00       MF               294.23         29,990.15
  SB545    10216131708  MEDINA KAREN A                               97,200.00       SF               790.85         97,148.28
  SB545    10216132635  WEST CECIL                                   60,000.00       SF               594.17         59,980.83
  SB545    10216133079  URBAN SUSAN E                                57,600.00       SF               575.91         57,582.09
  SB545    10216135692  AMUNDSEN FRANK SCOTT                         48,000.00       SF               489.12         47,985.88
  SB545    10216136870  MARTINEZ FRED P                              72,500.00       SF               525.68         72,500.00
  SB545    10216136920  MANZANARES BENNIE R                         162,000.00       SF             1,260.02        162,000.00
          --------------------------------------------------------------------                 -------------------------------
                 7      Sale Total                                  527,300.00                      4,529.98        527,187.23
<CAPTION>

                          Original     Next       Current            Property
                            LTV     Adjustment   Mortgage            Value at        Owner
 Sale ID     Account       Ratio       Date        Rate             Origination     Occupied
- -----------------------------------------------------------------------------------------------
<S>        <C>             <C>       <C>        <C>             <C>                   <C>
  SB545    10216127729     54.5      05/01/97     11.375              55,000.00        N
  SB545    10216131708     88.3      05/01/97      9.125             110,000.00        Y
  SB545    10216132635     80.0      06/01/97     11.500              75,000.00        Y
  SB545    10216133079     80.0      05/01/97     11.625              72,000.00        Y
  SB545    10216135692     80.0      06/01/97     11.875              60,000.00        Y
  SB545    10216136870     77.9      07/01/97      7.875              93,000.00        Y
  SB545    10216136920     90.0      07/01/97      8.625             180,000.00        Y
          --------------------------            -------------------------------        
                 7         82.9                    9.721             645,000.00      
</TABLE>
<PAGE>
<TABLE>
Alliance Funding Company                                                                       Sale Schedule B
A division of Superior Bank FSB           1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 1/10/97
                                                                                                                    Page 2   1/13/97
<CAPTION>
                                                                    Principal     Type of          Scheduled     Cut-off Date
                                                                    Balance at    Mortgaged         Payment        Principal
 Sale ID     Account       Name                                    Origination    Property         Int & Prin       Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                                   <C>                <C>           <C>            <C>      
  SB546    10216118765  REGIS JOSEPH T                               86,400.00       SF               779.00         85,786.59
  SB546    10216129354  SHAW RALPH W III                            110,000.00       SF             1,142.07        109,938.47
  SB546    10216130894  MORRISON GERALD M                            82,800.00       SF               749.68         82,766.20
  SB546    10216131767  SORENSON DEAN L                             128,000.00       SF             1,304.33        127,924.31
  SB546    10216132038  SCHMELZ ALAN G                              237,000.00       SF             2,190.11        237,000.00
  SB546    10216134664  CHARAFEDDINE MOHAMAD                         68,400.00       SF               587.66         68,368.09
  SB546    10216134688  GIBBONS DALE B                              154,500.00       SF             1,327.39        154,427.92
  SB546    10216135008  FIELDS DEL SLADE                            152,000.00       SF             1,182.24        151,910.26
  SB546    10216135220  GAULT WAYNE B II                             72,000.00       SF               645.19         71,939.36
  SB546    10216135535  FRANKS LINDA M                               99,000.00       SF               914.86         99,000.00
  SB546    10216136039  MCGUIRE DORIS                                60,000.00       MF               571.39         60,000.00
  SB546    10216136466  LEMPERES NICHOLAS C                         200,000.00       SF             1,681.71        199,901.62
  SB546    10216136532  MALUSHI SAFET                                82,500.00       SF               724.00         82,463.50
  SB546    10216136591  GONZALES ALBERT E                            70,550.00       SF               705.39         70,505.91
  SB546    10216136710  DEUBEL DONALD S                              76,000.00       SF               673.99         76,000.00
  SB546    10216136747  HERNANDEZ JILL E                             45,700.00       SF               355.45         45,700.00
  SB546    10216136800  MONTELL TRINA A                              61,520.00       SF               495.00         61,520.00
  SB546    10216137074  ZITTING BENJAMIN B                          130,900.00       SF             1,076.88        130,900.00
  SB546    10216137099  CARLSON EDWARD G                             69,200.00       SF               691.89         69,200.00
  SB546    10216137200  HUASICA CAYETANO                             59,380.00       SF               493.90         59,343.91
  SB546    10216137258  HACHEM NESRINE                               47,700.00       MF               405.44         47,677.15
  SB546    10216137365  RILEY KEVIN D                                76,000.00       SF               767.15         75,977.02
  SB546    10216137429  AYOUB HAMDA                                  81,000.00       SF               688.49         80,961.19
  SB546    10216137563  SHEPARD VIRGINIA D                          102,500.00       SF               976.14        102,500.00
  SB546    10216137564  BADER BILL                                   80,850.00       SF               739.57         80,817.87
  SB546    10216137576  NAKANO ASHLEY D                              89,250.00       SF               791.49         89,211.56
  SB546    10216137589  WILLIAMS RICHARD MARKUS                      62,050.00       SF               573.40         62,050.00
  SB546    10216137825  AL-SALAMI FOUAD                              72,000.00       MF               611.99         71,965.51
  SB546    10216137829  AL-BADRI AJEEL                               47,500.00       SF               403.75         47,500.00
  SB546    10216137880  DOWN STEVEN L                               288,000.00       SF             2,447.97        288,000.00
  SB546    10216138097  ONTIVEROS JILL                              140,000.00       SF             1,346.49        140,000.00
  SB546    10216138108  AHNERT JERRY J                               96,300.00       SF               917.09         96,300.00
  SB546    10216138113  HOFFMANN KENNETH F                           80,800.00       SF               831.12         80,800.00
  SB546    10216138132  SCHUEMAKER G DAVID                           88,000.00       SF               896.72         88,000.00
  SB546    10216138178  ARQUETTE GARY L                              93,500.00       SF               997.89         93,476.07
  SB546    10216138180  HAZIME CHADIA                                76,000.00       SF               564.30         76,000.00
  SB546    10216138317  FARHAT NABIL                                 81,900.00       MF               696.14         81,860.77
  SB546    10216138554  PILLION CHARLES                              77,100.00       SF               620.36         77,057.89
  SB546    10216139069  SHAFFER CHARLES W                           205,200.00       SF             1,669.58        205,200.00
  SB546    10216139094  MORAITES BRIDGET J                           64,000.00       SF               549.86         64,000.00
  SB546    10216139131  HAMMOUD TALIH                                72,000.00       SF               579.33         72,000.00
          --------------------------------------------------------------------                 -------------------------------
                41      Sale Total                                4,067,500.00                     36,366.40      4,065,951.17

<CAPTION>
                          Original     Next       Current            Property
                            LTV     Adjustment   Mortgage            Value at        Owner
 Sale ID     Account       Ratio       Date        Rate             Origination     Occupied
- -----------------------------------------------------------------------------------------------
<S>        <C>             <C>       <C>        <C>             <C>                   <C>
  SB546    10216118765     88.1      06/01/97     10.375              98,000.00        Y
  SB546    10216129354     77.4      06/01/97     12.125             142,000.00        Y
  SB546    10216130894     90.0      05/01/97     10.375              92,000.00        Y
  SB546    10216131767     80.0      05/01/97     11.875             160,000.00        Y
  SB546    10216132038     72.9      06/01/97     10.625             325,000.00        Y
  SB546    10216134664     90.0      05/01/97      9.750              76,000.00        Y
  SB546    10216134688     88.2      05/01/97      9.750             175,000.00        Y
  SB546    10216135008     80.0      06/01/97      8.625             190,000.00        Y
  SB546    10216135220     90.0      11/01/98     10.250              80,000.00        Y
  SB546    10216135535     66.4      12/01/98     10.625             149,000.00        Y
  SB546    10216136039     60.0      01/01/99     11.000             100,000.00        Y
  SB546    10216136466     77.5      12/01/98      9.500             258,000.00        Y
  SB546    10216136532     75.0      06/01/97     10.000             110,000.00        Y
  SB546    10216136591     85.0      11/01/98     11.625              83,000.00        Y
  SB546    10216136710     53.1      01/01/99     10.125             143,000.00        Y
  SB546    10216136747     72.5      01/01/99      8.625              63,000.00        Y
  SB546    10216136800     80.0      01/01/99      9.000              76,900.00        Y
  SB546    10216137074     85.0      12/01/98      9.250             154,000.00        Y
  SB546    10216137099     80.0      06/01/97     11.625              86,500.00        Y
  SB546    10216137200     89.9      12/01/98      9.375              65,988.00        Y
  SB546    10216137258     90.0      06/01/97      9.625              53,000.00        Y
  SB546    10216137365     59.3      12/01/98     11.750             128,000.00        Y
  SB546    10216137429     90.0      06/01/97      9.625              90,000.00        Y
  SB546    10216137563     86.1      12/01/98     11.000             119,000.00        Y
  SB546    10216137564     64.6      12/01/98     10.500             125,000.00        N
  SB546    10216137576     85.0      06/01/97     10.125             105,000.00        Y
  SB546    10216137589     85.0      01/01/99     10.625              73,000.00        Y
  SB546    10216137825     88.8      06/01/97      9.625              81,000.00        Y
  SB546    10216137829     89.6      06/01/97      9.625              53,000.00        Y
  SB546    10216137880     90.0      06/01/97      9.625             320,000.00        Y
  SB546    10216138097     73.6      12/01/98     11.125             190,000.00        Y
  SB546    10216138108     90.0      12/01/98     11.000             107,000.00        Y
  SB546    10216138113     80.0      01/01/99     12.000             101,000.00        Y
  SB546    10216138132     80.0      01/01/99     11.875             110,000.00        Y
  SB546    10216138178     79.9      12/01/98     12.500             116,900.00        Y
  SB546    10216138180     80.0      07/01/97      8.125              95,000.00        Y
  SB546    10216138317     90.0      06/01/97      9.625              91,000.00        Y
  SB546    10216138554     79.9      12/01/98      9.000              96,400.00        Y
  SB546    10216139069     90.0      07/01/97      9.125             228,000.00        Y
  SB546    10216139094     80.0      01/01/99      9.750              80,000.00        Y
  SB546    10216139131     84.7      01/01/99      9.000              85,000.00        Y
           --------------------------             -----------------------------        
                41         81.2                   10.211           5,074,688.00      
</TABLE>
<PAGE>
<TABLE>
Alliance Funding Company                                                                       Sale Schedule B
A division of Superior Bank FSB           1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 1/10/97
                                                                                                                    Page 3   1/13/97
<CAPTION>
                                                                    Principal     Type of          Scheduled     Cut-off Date
                                                                    Balance at    Mortgaged         Payment        Principal
 Sale ID     Account       Name                                    Origination    Property         Int & Prin       Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                                   <C>                <C>           <C>            <C>      
  SB548    10216129762  BENHARD THOMAS M                            123,250.00       SF             1,138.95        123,202.33
  SB548    10216136123  LAMM LOLITA L                               104,800.00       SF               833.84        104,800.00
  SB548    10216139710  BEDFORD DUANE P                              94,400.00       SF               872.35         94,400.00
          --------------------------------------------------------------------                 -------------------------------
                 3      Sale Total                                  322,450.00                      2,845.14        322,402.33

<CAPTION>
                          Original     Next       Current            Property
                            LTV     Adjustment   Mortgage            Value at        Owner
 Sale ID     Account       Ratio       Date        Rate             Origination     Occupied
- -----------------------------------------------------------------------------------------------
<S>        <C>             <C>       <C>        <C>             <C>                   <C>
  SB548    10216129762     85.0      06/01/97     10.625             145,000.00        Y
  SB548    10216136123     80.0      07/01/97      8.875             131,000.00        Y
  SB548    10216139710     80.0      07/01/97     10.625             118,000.00        Y
          --------------------------             -------------------------------        
                 3         81.9                   10.056             394,000.00      

</TABLE>
<PAGE>
<TABLE>
Alliance Funding Company                                                                       Sale Schedule B
A division of Superior Bank FSB           1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 1/10/97
                                                                                                                    Page 4   1/13/97
<CAPTION>
                                                                    Principal     Type of          Scheduled     Cut-off Date
                                                                    Balance at    Mortgaged         Payment        Principal
 Sale ID     Account       Name                                    Origination    Property         Int & Prin       Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                                   <C>                <C>           <C>            <C>      
  SB549    10216129181  SHOCKER KIRK J                              132,000.00       SF             1,003.30        131,835.33
  SB549    10216129709  GOLDING MARK A                               51,000.00       SF               466.52         51,000.00
  SB549    10216130425  HORNER PAUL M                                72,675.00       SF               685.25         72,675.00
  SB549    10216131114  LENTZ ELAINE J                              180,000.00       SF             1,546.48        180,000.00
  SB549    10216132145  DESIR WINTZER                                66,400.00       SF               632.34         66,400.00
  SB549    10216132678  THACKER REGENA A                            113,400.00       SF               963.89        113,400.00
  SB549    10216132700  MORGAN STANLEY A                             97,750.00       SF               848.81         97,750.00
  SB549    10216132963  BJORNSTAD KAREN                              42,000.00       SF               364.71         41,980.92
  SB549    10216133006  HUGGLER DAVID C                              49,500.00       SF               443.57         49,500.00
  SB549    10216133193  HOWE MARK                                   115,600.00       SF               993.18        115,600.00
  SB549    10216134132  LEVIN ELIOT                                 148,500.00       SF             1,330.71        148,500.00
  SB549    10216134322  CLARK KEVIN                                  75,200.00       SF               759.08         75,200.00
  SB549    10216134349  SOPEL RICHARD ELDEN JR                       56,760.00       SF               508.63         56,760.00
  SB549    10216134409  MCCLELLAN CHARLES H JR                       92,800.00       SF               771.86         92,800.00
  SB549    10216134598  JOB MARILYN G                                63,750.00       SF               495.84         63,750.00
  SB549    10216134746  HAYES JAMES R JR                            110,200.00       SF             1,049.46        110,200.00
  SB549    10216134749  WHITE CLIFFORD B                            113,600.00       SF             1,190.41        113,600.00
  SB549    10216134804  DOUGLAS DAVID L                             107,200.00       SF             1,102.67        107,200.00
  SB549    10216134958  DERLETH JOHN J JR                            76,000.00       SF               752.62         76,000.00
  SB549    10216134964  LACKMAN SCOTT L                             220,000.00       SF             1,869.98        220,000.00
  SB549    10216134969  LOPEZ FRANK                                 125,700.00       SF             1,244.80        125,700.00
  SB549    10216135283  BISHOP CHRISTOPHER T                         74,000.00       SF               768.30         74,000.00
  SB549    10216135498  TOMASZEK JAMES P                             37,500.00       SF               311.91         37,500.00
  SB549    10216135574  KUDZINOWSKI ANTHONY P                        67,065.00       SF               588.54         67,065.00
  SB549    10216135595  CARTER GERALD LEE                           109,500.00       SF             1,001.64        109,500.00
  SB549    10216135628  BILLINGSLEY KEITH A                          85,000.00       SF               761.69         85,000.00
  SB549    10216135675  ANDROSKI DAVE J                              47,500.00       SF               382.20         47,500.00
  SB549    10216135676  HAFERL MICHAEL E SR                         104,000.00       SF             1,010.11        104,000.00
  SB549    10216135677  MCGRAW MICHAEL P                            130,400.00       SF             1,156.42        130,400.00
  SB549    10216135762  BOLICH BEVERLY J                             67,500.00       SF               707.33         67,500.00
  SB549    10216135833  GROH CAROL R                                 60,000.00       SF               571.39         60,000.00
  SB549    10216135837  SMOOT DAVID THURMAN                         362,400.00       SF             3,451.22        362,400.00
  SB549    10216135838  BAERWALDT ROBERT W                          146,700.00       SF             1,273.87        146,700.00
  SB549    10216135850  BIRT MICHAEL P II                           105,300.00       SF             1,002.80        105,300.00
  SB549    10216135933  CUNNINGHAM GARY L                            51,000.00       SF               410.36         51,000.00
  SB549    10216135942  RANK EVERETT E                              226,000.00       SF             1,818.45        226,000.00
  SB549    10216135950  KILLIN PATRICK P                            124,000.00       SF             1,323.40        124,000.00
  SB549    10216135960  KLEMP ERIC                                   85,000.00       SF               730.28         85,000.00
  SB549    10216136023  REMO EDGARDO P                               75,000.00       SF               714.24         75,000.00
  SB549    10216136033  CARLSON LARRY                               101,700.00       SF               911.34        101,700.00
  SB549    10216136034  SMOLA BARBARA                               119,000.00       MF               946.82        119,000.00
  SB549    10216136037  PUGH WILLIAM H                              140,000.00       MF             1,280.64        140,000.00
  SB549    10216136038  MALDONADO ANGEL L JR                        158,000.00       MF             1,257.12        158,000.00
  SB549    10216136044  THIEMER CHERYL J                            132,000.00       MF             1,307.18        132,000.00
  SB549    10216136082  DAYOUB FADI N                                18,650.00       SF               188.25         18,650.00
  SB549    10216136168  VARGAS ELIZABETH                             67,500.00       SF               586.14         67,500.00
  SB549    10216136177  SCHUSTER MICHAEL F                          110,500.00       SF             1,157.93        110,500.00
  SB549    10216136182  BROWN BERNARD                                78,400.00       SF               630.82         78,400.00
  SB549    10216136186  COLLINS MICHAEL E                           102,600.00       SF               890.93        102,600.00
  SB549    10216136237  BEEBE FRED                                   90,300.00       SF               710.39         90,300.00
  SB549    10216136267  SIRILLA MARY SUE                             70,400.00       SF               604.84         70,400.00
  SB549    10216136268  SIRILLA MARY SUE                             42,000.00       MF               360.84         42,000.00
  SB549    10216136311  GONZALES CHRIS                              185,400.00       SF             1,661.37        185,400.00
  SB549    10216136320  DIGRAZIA JAMES D                            241,400.00       SF             2,344.63        241,400.00
  SB549    10216136327  SCHNEIDER MARK C                             85,000.00       SF               683.93         85,000.00
  SB549    10216136346  LITTAU AARON K                               80,000.00       SF               884.96         79,981.71
  SB549    10216136410  BOMEDIANO CARMINA                           160,000.00       MF             1,645.78        160,000.00
  SB549    10216136414  CICUTO PATRICIA A                            78,400.00       SF               836.73         78,400.00
  SB549    10216136428  ROBB MATTHEW D                               94,500.00       SF               777.43         94,500.00
  SB549    10216136429  SCHROEDER TODD L                             59,500.00       SF               566.63         59,500.00
  SB549    10216136440  ABELL KEITH JACK                             57,800.00       SF               465.07         57,800.00

<CAPTION>
                          Original     Next       Current            Property
                            LTV     Adjustment   Mortgage            Value at        Owner
 Sale ID     Account       Ratio       Date        Rate             Origination     Occupied
- -----------------------------------------------------------------------------------------------
<S>        <C>             <C>       <C>        <C>             <C>                   <C>
  SB549    10216129181     80.0      04/01/97      8.375             165,000.00        Y
  SB549    10216129709     59.6      01/01/99     10.500              85,500.00        Y
  SB549    10216130425     85.0      01/01/99     10.875              85,500.00        Y
  SB549    10216131114     80.0      01/01/99      9.750             225,000.00        Y
  SB549    10216132145     80.0      01/01/99     11.000              83,000.00        Y
  SB549    10216132678     90.0      01/01/99      9.625             126,000.00        Y
  SB549    10216132700     85.0      06/01/97      9.875             115,000.00        Y
  SB549    10216132963     70.0      05/01/97      9.875              60,000.00        N
  SB549    10216133006     90.0      01/01/99     10.250              55,000.00        Y
  SB549    10216133193     85.0      01/01/99      9.750             136,000.00        Y
  SB549    10216134132     90.0      01/01/99     10.250             165,000.00        Y
  SB549    10216134322     80.0      01/01/99     11.750              94,000.00        Y
  SB549    10216134349     86.0      01/01/99     10.250              66,000.00        Y
  SB549    10216134409     80.0      01/01/99      9.375             116,000.00        Y
  SB549    10216134598     85.0      01/01/99      8.625              75,000.00        Y
  SB549    10216134746     84.9      01/01/99     11.000             129,700.00        Y
  SB549    10216134749     80.0      01/01/99     12.250             142,000.00        Y
  SB549    10216134804     79.4      01/01/99     12.000             135,000.00        Y
  SB549    10216134958     80.0      01/01/99     11.500              95,000.00        Y
  SB549    10216134964     80.0      01/01/99      9.625             275,000.00        Y
  SB549    10216134969     82.6      01/01/99     11.500             152,000.00        Y
  SB549    10216135283     71.4      01/01/99     12.125             103,500.00        Y
  SB549    10216135498     44.6      01/01/99      9.375              84,000.00        Y
  SB549    10216135574     85.0      01/01/99     10.000              78,900.00        Y
  SB549    10216135595     75.0      01/01/99     10.500             146,000.00        Y
  SB549    10216135628     87.6      01/01/99     10.250              97,000.00        Y
  SB549    10216135675     73.0      01/01/99      9.000              65,000.00        Y
  SB549    10216135676     80.0      01/01/99     11.250             130,000.00        Y
  SB549    10216135677     80.0      01/01/99     10.125             163,000.00        Y
  SB549    10216135762     60.8      01/01/99     12.250             111,000.00        Y
  SB549    10216135833     75.0      01/01/99     11.000              80,000.00        Y
  SB549    10216135837     80.0      01/01/99     11.000             453,000.00        Y
  SB549    10216135838     90.0      01/01/99      9.875             163,000.00        Y
  SB549    10216135850     74.9      01/01/99     11.000             140,500.00        Y
  SB549    10216135933     85.0      01/01/99      9.000              60,000.00        Y
  SB549    10216135942     81.2      01/01/99      9.000             278,000.00        Y
  SB549    10216135950     80.0      01/01/99     12.500             155,000.00        Y
  SB549    10216135960     80.1      01/01/99      9.750             106,000.00        Y
  SB549    10216136023     71.4      01/01/99     11.000             105,000.00        Y
  SB549    10216136033     90.0      01/01/99     10.250             113,000.00        Y
  SB549    10216136034     85.0      01/01/99      8.875             140,000.00        Y
  SB549    10216136037     73.6      01/01/99     10.500             190,000.00        Y
  SB549    10216136038     77.0      01/01/99      8.875             205,000.00        Y
  SB549    10216136044     80.0      01/01/99     11.500             165,000.00        Y
  SB549    10216136082     84.9      01/01/99     11.750              21,951.00        Y
  SB549    10216136168     90.0      01/01/99      9.875              75,000.00        Y
  SB549    10216136177     65.0      01/01/99     12.250             170,000.00        Y
  SB549    10216136182     80.0      01/01/99      9.000              98,000.00        Y
  SB549    10216136186     90.0      01/01/99      9.875             114,000.00        Y
  SB549    10216136237     69.4      01/01/99      8.750             130,000.00        Y
  SB549    10216136267     80.0      01/01/99      9.750              88,000.00        Y
  SB549    10216136268     70.0      01/01/99      9.750              60,000.00        N
  SB549    10216136311     90.0      01/01/99     10.250             206,000.00        Y
  SB549    10216136320     85.0      01/01/99     11.250             284,000.00        Y
  SB549    10216136327     77.9      01/01/99      9.000             109,000.00        Y
  SB549    10216136346     80.0      12/01/98     13.000             100,000.00        Y
  SB549    10216136410     80.0      01/01/99     12.000             200,000.00        Y
  SB549    10216136414     80.0      01/01/99     12.500              98,000.00        Y
  SB549    10216136428     72.6      01/01/99      9.250             130,000.00        Y
  SB549    10216136429     70.0      01/01/99     11.000              85,000.00        Y
  SB549    10216136440     85.0      01/01/99      9.000              68,000.00        Y
</TABLE>
<PAGE>
<TABLE>
Alliance Funding Company                                                                       Sale Schedule B
A division of Superior Bank FSB           1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 1/10/97
                                                                                                                    Page 5   1/13/97
<CAPTION>
                                                                    Principal     Type of          Scheduled     Cut-off Date
                                                                    Balance at    Mortgaged         Payment        Principal
 Sale ID     Account       Name                                    Origination    Property         Int & Prin       Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                                   <C>                <C>           <C>            <C>      
  SB549    10216136455  BLAKE TIMOTHY H                             115,200.00       SF               979.19        115,200.00
  SB549    10216136456  BROCKWAY DEBORAH G                          135,000.00       SF             1,247.54        135,000.00
  SB549    10216136467  KIESEL ROLAND G                              69,550.00       SF               715.40         69,550.00
  SB549    10216136535  MORRIS ELAINE C                              72,800.00       SF               665.93         72,800.00
  SB549    10216136546  BEHNE TIMOTHY D                             160,600.00       SF             1,439.14        160,600.00
  SB549    10216136585  COLBY ROBERT F                               84,100.00       SF               753.62         84,029.16
  SB549    10216136631  STEED PHILLIP                                72,000.00       SF               645.19         72,000.00
  SB549    10216136638  JOHNSON ANNE S                              128,200.00       SF             1,368.22        128,200.00
  SB549    10216136644  GARIB ANNE E                                 94,500.00       SF               820.59         94,500.00
  SB549    10216136774  FAUST MICHAEL D                             127,960.00       SF             1,340.89        127,960.00
  SB549    10216136832  LAMBE CHARLES R                              73,100.00       SF               641.50         73,100.00
  SB549    10216136843  ROBINSON ULYSSES A JR                        99,600.00       SF               846.59         99,600.00
  SB549    10216136897  WOODS JAMES C                               112,500.00       SF             1,008.11        112,500.00
  SB549    10216136902  HUNTER NANCY LEE                             33,000.00       SF               342.62         33,000.00
  SB549    10216137018  SWITALLA STEVEN                             109,500.00       SF             1,168.65        109,500.00
  SB549    10216137090  QUINN EDWARD G                               67,500.00       SF               604.87         67,500.00
  SB549    10216137173  WEEKS ELBERT C                              113,900.00       SF             1,073.95        113,900.00
  SB549    10216137230  AHMED MOHAMMED F                             40,500.00       SF               355.42         40,500.00
  SB549    10216137256  ALKATIE FAROUK                              112,800.00       SF             1,160.28        112,800.00
  SB549    10216137290  CANNING WILLIAM H                            75,600.00       SF               608.29         75,600.00
  SB549    10216137312  YALDO WAFA                                  100,000.00       SF               914.74        100,000.00
  SB549    10216137341  RUBIN GLEN D                                136,850.00       SF             1,226.31        136,850.00
  SB549    10216137423  GRAY-BOYNTON KARLA                          210,000.00       SF             1,999.88        210,000.00
  SB549    10216137428  LAROCQUE JOHN HENRY                          38,600.00       SF               374.91         38,586.97
  SB549    10216137519  LARSON CHRISTINA H                           92,500.00       SF               719.46         92,500.00
  SB549    10216137529  CHLOPEK DIANE M                              97,700.00       SF               948.92         97,700.00
  SB549    10216137531  MAZZAMUTO ROSALIA                            91,600.00       SF               786.99         91,600.00
  SB549    10216137540  MICHEL DAVID J                              180,000.00       SF             1,448.32        180,000.00
  SB549    10216137622  STOLZMAN PAUL A                             346,000.00       SF             3,004.49        346,000.00
  SB549    10216137626  SENTENO BENIGNO                              71,100.00       SF               617.40         71,100.00
  SB549    10216137641  POTTS WILLIAM C JR                           67,500.00       SF               617.45         67,500.00
  SB549    10216137808  HARRIS DAVID A                              134,400.00       SF             1,434.39        134,400.00
  SB549    10216137827  MUNOZ DAVID                                  49,500.00       SF               443.57         49,500.00
  SB549    10216137831  ELSAGHIR LINA                               103,500.00       MF               879.74        103,500.00
  SB549    10216137899  MARS JOHN A                                 110,000.00       SF             1,047.56        110,000.00
  SB549    10216138009  FLING BERNARD E                             134,300.00       SF             1,044.57        134,300.00
  SB549    10216138014  ROUGHLEY DAVID R                            135,000.00       SF             1,050.02        134,896.19
  SB549    10216138056  MARTINEZ ARTHUR F                            73,000.00       SF               729.88         73,000.00
  SB549    10216138081  HUTCHINS ANDRE S                            161,415.00       SF             1,416.53        161,415.00
  SB549    10216138204  DANT RONALD W                               284,700.00       SF             2,765.18        284,700.00
  SB549    10216138296  MARTINEZ JOEL M                              57,600.00       SF               505.48         57,600.00
  SB549    10216138313  WAGEMAN GAYLE A                              50,000.00       SF               452.70         50,000.00
  SB549    10216138405  MARDER ROBERT M                             315,000.00       SF             2,534.56        315,000.00
  SB549    10216138413  BARR GEORGE R                               333,000.00       MF             2,922.31        333,000.00
  SB549    10216138587  JOHNSON WILLIAM ROBERT                      110,115.00       SF               895.94        109,219.07
  SB549    10216138618  MAURER DARRIN E                              32,500.00       SF               303.39         32,500.00
  SB549    10216138619  MAURER DARRIN E                              26,000.00       SF               242.71         26,000.00
  SB549    10216138684  GEPFORD CHARLES D                           626,500.00       SF             5,730.85        626,500.00
  SB549    10216138856  BAYDOUN MARIAM                               79,200.00       SF               687.73         79,163.75
  SB549    10216138944  BRZUZY ROMUALD                              165,750.00       SF             1,562.84        165,750.00
  SB549    10216139136  PERSINGER LORRAINE A                         47,600.00       SF               453.31         47,600.00
  SB549    10216139471  HONEY DOUGLAS SCOTT                          58,500.00       SF               444.64         58,500.00
  SB549    10216139919  AXT MICHAEL CARROLL                         129,500.00       SF             1,077.12        129,500.00
          --------------------------------------------------------------------                 -------------------------------
               114      Sale Total                               12,887,790.00                    116,777.91     12,886,468.10

<CAPTION>
                          Original     Next       Current            Property
                            LTV     Adjustment   Mortgage            Value at        Owner
 Sale ID     Account       Ratio       Date        Rate             Origination     Occupied
- -----------------------------------------------------------------------------------------------
<S>        <C>             <C>       <C>        <C>             <C>                   <C>
  SB549    10216136455     90.0      01/01/99      9.625             128,000.00        Y
  SB549    10216136456     89.4      12/01/98     10.625             151,000.00        Y
  SB549    10216136467     65.0      01/01/99     12.000             107,000.00        Y
  SB549    10216136535     65.0      01/01/99     10.500             112,000.00        Y
  SB549    10216136546     88.7      01/01/99     10.250             181,000.00        Y
  SB549    10216136585     89.9      11/01/98     10.250              93,500.00        Y
  SB549    10216136631     90.0      01/01/99     10.250              80,000.00        Y
  SB549    10216136638     79.8      01/01/99     12.500             160,470.00        Y
  SB549    10216136644     89.1      01/01/99      9.875             106,000.00        Y
  SB549    10216136774     80.9      12/01/98     12.250             158,000.00        Y
  SB549    10216136832     85.0      01/01/99     10.000              86,000.00        Y
  SB549    10216136843     80.0      01/01/99      9.625             124,500.00        Y
  SB549    10216136897     90.0      01/01/99     10.250             125,000.00        Y
  SB549    10216136902     55.0      01/01/99     12.125              60,000.00        Y
  SB549    10216137018     78.4      01/01/99     12.500             139,500.00        Y
  SB549    10216137090     90.0      01/01/99     10.250              75,000.00        Y
  SB549    10216137173     85.0      01/01/99     10.875             134,000.00        Y
  SB549    10216137230     64.8      01/01/99     10.000              62,500.00        Y
  SB549    10216137256     80.0      01/01/99     12.000             141,000.00        Y
  SB549    10216137290     84.9      01/01/99      9.000              89,000.00        Y
  SB549    10216137312     64.9      01/01/99     10.500             154,000.00        Y
  SB549    10216137341     89.9      01/01/99     10.250             152,060.00        Y
  SB549    10216137423     69.5      01/01/99     11.000             302,000.00        Y
  SB549    10216137428     84.8      12/01/98     11.250              45,500.00        Y
  SB549    10216137519     81.1      01/01/99      8.625             114,000.00        Y
  SB549    10216137529     84.9      01/01/99     11.250             115,000.00        Y
  SB549    10216137531     80.0      01/01/99      9.750             114,500.00        Y
  SB549    10216137540     73.7      01/01/99      9.000             244,000.00        Y
  SB549    10216137622     89.8      01/01/99      9.875             385,000.00        Y
  SB549    10216137626     90.0      01/01/99      9.875              79,000.00        Y
  SB549    10216137641     69.9      01/01/99     10.500              96,500.00        Y
  SB549    10216137808     80.0      01/01/99     12.500             168,000.00        Y
  SB549    10216137827     90.0      01/01/99     10.250              55,000.00        Y
  SB549    10216137831     90.0      06/01/97      9.625             115,000.00        Y
  SB549    10216137899     68.7      01/01/99     11.000             160,000.00        Y
  SB549    10216138009     85.0      01/01/99      8.625             158,000.00        Y
  SB549    10216138014     90.0      06/01/97      8.625             150,000.00        Y
  SB549    10216138056     82.0      01/01/99     11.625              89,000.00        Y
  SB549    10216138081     89.1      01/01/99     10.000             180,990.00        Y
  SB549    10216138204     84.9      01/01/99     11.250             335,000.00        Y
  SB549    10216138296     90.0      01/01/99     10.000              64,000.00        Y
  SB549    10216138313     56.1      01/01/99     10.375              89,000.00        Y
  SB549    10216138405     84.9      01/01/99      9.000             371,000.00        Y
  SB549    10216138413     90.0      01/01/99     10.000             370,000.00        Y
  SB549    10216138587     90.0      06/01/97      9.125             122,350.00        Y
  SB549    10216138618     65.0      12/01/98     10.750              50,000.00        Y
  SB549    10216138619     59.0      12/01/98     10.750              44,000.00        Y
  SB549    10216138684     75.0      01/01/99     10.500             835,000.00        Y
  SB549    10216138856     90.0      12/01/98      9.875              88,000.00        Y
  SB549    10216138944     85.0      01/01/99     10.875             195,000.00        Y
  SB549    10216139136     70.0      01/01/99     11.000              68,000.00        Y
  SB549    10216139471     90.0      07/01/97      8.375              65,000.00        Y
  SB549    10216139919     70.0      01/01/99      9.375             185,000.00        Y
          --------------------------            -------------------------------        
               114         81.2                   10.372          16,021,921.00      

</TABLE>
<PAGE>
<TABLE>
Alliance Funding Company                                                                       Sale Schedule B
A division of Superior Bank FSB           1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 1/10/97
                                                                                                                    Page 6   1/13/97
<CAPTION>
                                                                    Principal     Type of          Scheduled     Cut-off Date
                                                                    Balance at    Mortgaged         Payment        Principal
 Sale ID     Account       Name                                    Origination    Property         Int & Prin       Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S>       <C>          <C>                                     <C>                <C>           <C>            <C>      
 SBC54    10218002569   SCARABINO LORRAINE                          144,000.00       SF             1,303.79        143,941.21
 SBC54    10218002574   BALTAR ARTURO                                63,000.00       MF               570.41         63,000.00
 SBC54    10218002955   DUFFY DONNA                                  96,200.00       CD               871.00         96,160.73
 SBC54    10218003133   THEODOSIS ATHINA                            190,800.00       SF             1,674.41        190,800.00
 SBC54    10218003231   LEAVITT MAUREEN                              80,000.00       SF               709.46         80,000.00
 SBC54    10218003342   HALL ROBERT B                               165,000.00       SF             1,825.23        164,962.27
 SBC54    10218003505   HAEGER WALTER J                              76,500.00       SF               764.88         76,476.21
 SBC54    10218003540   BROWN LEROY JR                               90,000.00       SF               748.57         89,954.56
 SBC54    10218003750   DICKERSON MILDRED R                          76,950.00       SF               689.55         76,950.00
 SBC54    10218004323   AVIN STEVE D                                 72,250.00       SF               674.44         72,250.00
 SBC54    10218004763   FERREIRA JOSE                                73,000.00       SF               529.30         73,000.00
 SBC54    10218005272   EASLEY MICHAEL                               65,600.00       SF               649.63         65,600.00
 SBC54    10218005885   BATES JAMES                                 116,000.00       SF               933.36        116,000.00
 SBC54    10218007067   WRIGHT JEWELS                               156,000.00       SF             1,604.64        156,000.00
          -----------  -------------------------------------------------------                 -------------------------------
                14      Sale Total                                1,465,300.00                     13,548.67      1,465,094.98

<CAPTION>
                          Original     Next       Current            Property
                            LTV     Adjustment   Mortgage            Value at        Owner
 Sale ID     Account       Ratio       Date        Rate             Origination     Occupied
- -----------------------------------------------------------------------------------------------
<S>        <C>             <C>       <C>         <C>               <C>                <C>
 SBC54     10218002569     90.0      06/01/97     10.375             160,000.00        Y
 SBC54     10218002574     70.0      06/01/97     10.375              90,000.00        Y
 SBC54     10218002955     66.3      05/01/97     10.375             145,000.00        Y
 SBC54     10218003133     90.0      01/01/99     10.000             212,000.00        Y
 SBC54     10218003231     50.0      12/01/98     10.125             160,000.00        Y
 SBC54     10218003342     73.6      12/01/98     13.000             224,000.00        Y
 SBC54     10218003505     85.0      12/01/98     11.625              90,000.00        Y
 SBC54     10218003540     90.0      06/01/97      9.375             100,000.00        Y
 SBC54     10218003750     90.0      12/01/98     10.250              85,500.00        Y
 SBC54     10218004323     85.0      12/01/98     10.750              85,000.00        Y
 SBC54     10218004763     70.8      06/01/97      7.875             103,000.00        Y
 SBC54     10218005272     80.0      01/01/99     11.500              82,000.00        Y
 SBC54     10218005885     80.0      01/25/99      9.000             145,000.00        Y
 SBC54     10218007067     65.0      01/01/99     12.000             240,000.00        Y
           --------------------------            ------------------------------        
                14         78.2                   10.614           1,921,500.00      

</TABLE>
<PAGE>
<TABLE>
Alliance Funding Company                                                                       Sale Schedule B
A division of Superior Bank FSB           1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 1/10/97
                                                                                                                    Page 7   1/13/97
<CAPTION>
                                                                    Principal     Type of          Scheduled     Cut-off Date
                                                                    Balance at    Mortgaged         Payment        Principal
 Sale ID     Account       Name                                    Origination    Property         Int & Prin       Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>                                   <C>                <C>           <C>            <C>      
 SBC55     10218002259  LEVY AUDREY                                 225,000.00       CD             1,710.16        224,860.15
 SBC55     10218004297  STEWART KENDALL                             184,000.00       MF             1,717.61        184,000.00
 SBC55     10218004547  SHERWOOD WILLIAM E                           67,150.00       SF               583.10         67,119.49
 SBC55     10218006067  SANDIFER ALFRED L                            50,850.00       SF               455.67         50,850.00
           -------------------------------------------------------------------                 -------------------------------
                 4      Sale Total                                  527,000.00                      4,466.54        526,829.64
               183      Total with Superior                      19,797,340.00                    178,534.64     19,793,933.45
               183      Grand Total                              19,797,340.00                    178,534.64     19,793,933.45

<CAPTION>
                          Original     Next       Current            Property
                            LTV     Adjustment   Mortgage            Value at        Owner
 Sale ID     Account       Ratio       Date        Rate             Origination     Occupied
- -----------------------------------------------------------------------------------------------
<S>        <C>             <C>       <C>        <C>             <C>                   <C>
 SBC55     10218002259     69.9      06/01/97      8.375             321,500.00        Y
 SBC55     10218004297     80.0      01/01/99     10.750             230,000.00        Y
 SBC55     10218004547     85.0      06/01/97      9.875              79,000.00        Y
 SBC55     10218006067     90.0      01/01/99     10.250              56,500.00        Y
                        ------------            -------------------------------        
                           77.3                    9.577             687,000.00      
                           81.0                   10.313          24,744,109.00      
                           81.0                   10.313          24,744,109.00      

</TABLE>


<PAGE>

Alliance Funding Company                                         Page 1  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                             - Settlement 1/10/97 
<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SB45    10266127958 GIBBLE DENNIS L             RD2 BOX 113                       ASHLAND                 PA  17921      83,300.00
  SB45    10266128424 DINOGAN RONALD V            6661 MAIN STREET N.E.             FRIDLEY                 MN  54432     198,000.00
  SB45    10266128858 KULP THERESA                221 COUNTRY LANE                  MOUNT LAUREL            NJ  08054      64,000.00
  SB45    10266129825 SOTELO MARCELINO            2321 W. 51ST STREET               CHICAGO                 IL  60609      91,000.00
  SB45    10266130212 BADALAMENTI MARIA R         60-15 82ND STREET                 MIDDLE VILLAGE          NY  11379      50,000.00
  SB45    10266130266 MARTIN RITA M               1011 NEWTON AVENUE SOUTH          SAINT PETERSBURG        FL  33705      20,000.00
  SB45    10266130411 ADAMS MICHAEL D             3699 STATE HWY 173                COCHRANTON              PA  16314      20,455.00
  SB45    10266130485 RIDER ROCHELLE              15218 BRINGARD                    DETROIT                 MI  48205      47,900.00
  SB45    10266130499 CARLSON GERALD M            500 E. BROADWAY                   INGALLS                 IN  46048      64,000.00
  SB45    10266130655 BATTAGLIA APONE M SANDRA    721 21ST AVENUE SO                SAINT PETERSBURG        FL  33705      39,000.00
  SB45    10266130743 FITTRO SUZANNA              3856 W. 165TH STREET              CLEVELAND               OH  44111      45,600.00
  SB45    10266130769 FORD CHARLES HENRY          4712 FOOTHILL DRIVE               HOLIDAY                 FL  34690      14,900.00
  SB45    10266131176 CARLSON STEVEN ALLEN        5231 EAGLE STREET                 WHITE BEAR LAKE         MN  55110      70,500.00
  SB45    10266131456 SANDERS RICHARD N           515 LAKEVIEW CIRCLE               LITTLESTOWN             PA  17340      68,000.00
  SB45    10266131460 BRENNEISE DAVID A           13737 WALLACE PLACE               MORGAN HILL             CA  95037     131,000.00
  SB45    10266131470 MULL MARK E                 RR 2 BOX 348                      ROCKWOOD                PA  15557      33,600.00
  SB45    10266131503 DRUCKER GARY                6 COLUMBINE CIRCLE                NEWTOWN                 PA  18940     207,000.00
  SB45    10266131625 HANSON ERIC L               1015 BAKER CREEK ROAD             MCMINNVILLE             OR  97128      60,000.00
  SB45    10266131659 LIU ROBERT C                136 LONETREE COURT                MILPITAS                CA  95035      23,000.00
  SB45    10266132143 COOPER FLOSSIE              549 28TH STREET SOUTH             SAINT PETERSBURG        FL  33712      38,000.00
  SB45    10266132151 RINEHIMER WILLIAM E         24 W CENTER STREET                SHAVERTOWN              PA  18708      33,000.00
  SB45    10266132169 MILLS TIMOTHY P             26006 LAKE WILDERNESS COUNTRY     MAPLE VALLEY            WA  98038      19,500.00
  SB45    10266132328 ERICKSON EDWIN H            RD #2 BOX 273                     ANNVILLE                PA  17003      69,700.00
  SB45    10266132358 MARKS DANIEL G              185 PLAZA CIRCLE                  DANVILLE                CA  94526      40,000.00
  SB45    10266132608 LADD SUE BERTHA             9146 S. INDIANA                   CHICAGO                 IL  60619      85,000.00
  SB45    10266132710 CHUMBLEY CHARLOTTE M        3274 NEDERLAND DRIVE              LOVELAND                CO  80538      56,000.00
  SB45    10266132785 THOMAS RICHARD H            1662 EAST DAWN DRIVE              SALT LAKE CITY          UT  84121      41,000.00
  SB45    10266132837 TORREZ DALE R               345 WEST 7TH ST                   AUBURN                  IN  46706      54,000.00
  SB45    10266132961 BEER BRETT W                1180 25TH AVENUE SW               ALBANY                  OR  97321      28,000.00
  SB45    10266133017 HACKFORD SKYE J             1000 WEST 9000 NORTH              NEOLA                   UT  84053      28,000.00
  SB45    10266133022 HOPKINS BURLEIGH W          144 SHEFFIELD DR                  DOVER                   DE  19901      28,077.00
  SB45    10266133031 LAWSON OTTO                 2830 N OAK HARBOR ROAD            OAK HARBOR              WA  98277      61,427.00
  SB45    10266133084 MALDONADO EFRAIN A          4400 VAN SLYKE                    FLINT                   MI  48507      31,000.00
  SB45    10266133125 MOORE RICKY                 746 MONTCLAIR ROAD                FAYETTEVILLE            NC  28314      13,724.00
  SB45    10266133166 MCGREGOR BRADLEY R          1601 CRESTA ROAD                  COLORADO SPRINGS        CO  80906      16,000.00
  SB45    10266133169 DONES DAVID L               59 POCONO FOREST                  GOULDSBORO              PA  18424      30,000.00
  SB45    10266133183 FEWER DANIEL K              3315 CENTRAL AVENUE               ROSEVILLE               CA  95678      23,500.00
  SB45    10266134190 BEAVER GEORGE A JR          205 SMYRNA AVENUE                 WILMINGTON              DE  19809      20,350.00
  SB45    10266134192 BURNS COBBIE                451 QUEEN STREET                  LANCASTER               PA  17603      30,400.00
  SB45    10266134245 MITCHELL CHARLES L          12747 NW HOLLY ROAD               BREMERTON               WA  98312      13,260.00
  SB45    10266134338 ECKERT MOLLY S              5890 LEMON STREET                 EAST PETERSBURG         PA  17520      80,000.00
  SB45    10266134351 MONTES RAUL A               611 SOUTH ASHBROOK                MESA                    AZ  85204      92,000.00
  SB45    10266134413 WOODRING STEVEN A           RD 2 BOX 40C                      SPRING MILLS            PA  16875      76,000.00
  SB45    10266134424 GRAHAM SARAH DAVIS          2005 S GLENHAVEN LANE             GOLDSBORO               NC  27530      49,300.00
  SB45    10266134445 RETAN GERALD A              17346 MEADOW LAKE CIRLE           FORT MYERS              FL  33912      27,700.00
  SB45    10266134481 YOCOVITCH JEFFREY P         4624 E MICHELLE DRIVE             PHOENIX                 AZ  85032      40,000.00
  SB45    10266134540 EMERT MATHEW R              290 EAST PARKVIEW DRIVE           GRAND JUNCTION          CO  81503      15,533.00
  SB45    10266134560 BROWN ELLEN                 7024 REEDLAND STREET              PHILADELPHIA            PA  19142      34,800.00
  SB45    10266134569 SCHLOSSER JOHN R            1964 OLD STAGE ROAD               CENTRAL POINT           OR  97502     138,000.00
  SB45    10266134605 PARRISH TERESA M            3181 LOBELIA RD                   VENICE                  FL  34293      39,600.00
  SB45    10266134684 BERKOWITZ LUCILLE           1329 S.RICHLAND AVE               INDIANAPOLIS            IN  46221      31,500.00
  SB45    10266134691 THOMPSON JERRY J            3928 MCKAY CREEK DRIVE            LARGO                   FL  34640      27,200.00
  SB45    10266134719 DYSON JACKIE J              4319 W 5500 SOUTH                 SALT LAKE CITY          UT  84118      23,432.00
  SB45    10266134753 HEULITT KATHY D             3775 GUESS ROAD #33               DURHAM                  NC  27705      62,000.00
  SB45    10266134758 WILSON RODNEY               838 WEST CLOVER MEADOW DRIVE      MURRAY                  UT  84123      19,880.00
  SB45    10266134772 PERON MICHAEL F             4126 JOHNSON AVE.                 HAMMOND                 IN  46327      15,700.00
  SB45    10266134773 BROOKS ALLAN L SR           1004 DRAPER AVENUE                JOLIET                  IL  60432      28,000.00
  SB45    10266134831 MURRAY STEVEN G             4 BEAVER PLACE                    BILLERICA               MA  01821      25,100.00
  SB45    10266134834 JOHNSON WESLEY              5989 5TH AVENUE SOUTH             ST PETERSBURG           FL  33707      68,000.00
  SB45    10266134866 BAUST EDWARD L JR           2805 PLOUGH STREET                PITTSBURGH              PA  15212      48,000.00

<CAPTION>
                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SB45    10266127958       83,269.10   12/12/96   11/12/26   358.09   01/12/97   82.4    13.200        934.50
  SB45    10266128424      198,000.00   11/10/96   10/10/26   357.01   12/10/96   90.0    11.450      1,953.23
  SB45    10266128858       63,978.39   11/15/96   10/15/11   177.17   12/15/96   45.7    11.250        621.61
  SB45    10266129825       90,941.54   11/04/96   10/04/26   356.81   01/04/97   72.8    11.500        901.17
  SB45    10266130212       49,980.89   01/06/97   12/06/16   238.88   02/06/97   71.9    11.000        516.09
  SB45    10266130266       19,991.06   12/11/96   11/11/11   178.06   01/11/97   79.8    12.650        248.46
  SB45    10266130411       20,420.89   12/15/96   11/15/11   178.19   01/15/97   89.9    12.750        255.45
  SB45    10266130485       47,832.43   11/25/96   10/25/26   357.50   01/25/97   79.8    11.500        474.35
  SB45    10266130499       63,822.08   12/07/96   11/07/26   357.93   02/07/97   80.0    10.850        602.24
  SB45    10266130655       39,000.00   12/12/96   11/12/11   178.09   01/12/97   60.0    10.700        362.59
  SB45    10266130743       45,473.19   11/21/96   10/21/16   237.37   01/21/97   80.0    13.000        534.24
  SB45    10266130769       14,815.87   12/26/96   11/26/11   178.55   01/26/97   79.9    13.990        198.33
  SB45    10266131176       70,500.00   11/22/96   10/22/16   237.40   01/22/97   75.0    10.750        715.74
  SB45    10266131456       68,000.00   01/02/97   12/02/11   178.75   02/02/97   85.0     9.250        559.42
  SB45    10266131460      129,525.54   12/01/96   11/01/11   177.73   02/01/97   48.6    13.400      1,490.19
  SB45    10266131470       33,493.87   01/11/97   12/11/11   179.05   02/11/97   87.8    11.750        397.87
  SB45    10266131503      206,487.84   11/25/96   10/25/26   357.50   01/25/97   90.0    11.150      1,994.81
  SB45    10266131625       60,000.00   02/01/97   01/01/12   179.74   02/01/97   49.5    12.000        720.10
  SB45    10266131659       23,000.00   01/01/97   12/01/11   178.72   01/01/97   89.9    12.500        245.47
  SB45    10266132143       37,740.53   12/14/96   11/14/11   178.16   02/14/97   79.1    10.990        431.67
  SB45    10266132151       33,000.00   01/02/97   12/02/16   238.75   01/02/97   60.8    10.950        339.50
  SB45    10266132169       19,500.00   01/01/97   12/01/11   178.72   01/01/97   90.0    11.950        233.41
  SB45    10266132328       69,502.26   12/19/96   11/19/26   358.32   01/19/97   80.5    11.650        698.22
  SB45    10266132358       40,000.00   11/15/96   10/15/11   177.17   01/15/97   89.6    12.600        495.62
  SB45    10266132608       85,000.00   11/28/96   10/28/26   357.60   01/28/97   69.1    10.800        796.66
  SB45    10266132710       55,372.28   01/01/97   12/01/11   178.72   03/01/97   54.2    12.000        672.09
  SB45    10266132785       40,961.08   12/01/96   11/01/11   177.73   02/01/97   60.2    12.650        509.34
  SB45    10266132837       54,000.00   12/18/96   11/18/26   358.29   01/18/97   90.0    11.450        532.70
  SB45    10266132961       28,000.00   02/01/97   01/01/12   179.74   02/01/97   82.0    11.950        335.15
  SB45    10266133017       28,000.00   12/04/96   11/04/11   177.83   01/04/97   70.0    13.850        328.44
  SB45    10266133022       28,077.00   12/18/96   11/18/11   178.29   01/18/97   89.9    11.750        332.47
  SB45    10266133031       61,183.41   12/20/96   11/20/11   178.36   01/20/97   84.7    11.700        617.70
  SB45    10266133084       30,957.18   12/20/96   11/20/11   178.36   01/20/97   51.6    10.200        276.64
  SB45    10266133125       13,724.00   01/13/97   12/13/06   119.11   01/13/97   79.9    14.000        213.09
  SB45    10266133166       16,000.00   02/01/97   01/01/12   179.74   02/01/97   80.0    13.000        202.44
  SB45    10266133169       29,969.61   01/02/97   12/02/11   178.75   02/02/97   56.6    10.450        330.69
  SB45    10266133183       23,467.09   11/18/96   10/18/11   177.27   01/18/97   89.9    11.575        234.06
  SB45    10266134190       20,350.00   12/25/96   11/25/11   178.52   12/25/96   89.9    11.600        239.02
  SB45    10266134192       30,352.38   01/03/97   12/03/11   178.78   02/03/97   80.0     9.600        319.28
  SB45    10266134245       13,260.00   12/26/96   11/26/11   178.55   01/26/97   84.8    11.700        156.59
  SB45    10266134338       79,854.37   12/15/96   11/15/11   178.19   01/15/97   80.0    10.700        743.78
  SB45    10266134351       92,000.00   11/21/96   10/21/11   177.37   12/21/96   80.0    13.800      1,075.53
  SB45    10266134413       75,906.24   12/14/96   11/14/16   238.16   01/14/97   76.3    10.600        763.88
  SB45    10266134424       49,299.35   01/06/97   12/06/11   178.88   02/06/97   85.0    13.200        553.07
  SB45    10266134445       27,619.64   01/09/97   12/09/11   178.98   02/09/97   80.0    11.250        319.20
  SB45    10266134481       40,000.00   01/01/97   12/01/11   178.72   01/01/97   80.9    10.700        447.13
  SB45    10266134540       15,504.24   01/01/97   12/01/11   178.72   02/01/97   80.0    13.750        204.26
  SB45    10266134560       34,770.31   12/14/96   11/14/11   178.16   01/14/97   80.0     9.850        301.54
  SB45    10266134569      138,000.00   11/24/96   10/24/11   177.47   12/24/96   79.8    13.400      1,569.82
  SB45    10266134605       39,557.05   12/26/96   11/26/11   178.55   01/26/97   53.5    12.500        422.63
  SB45    10266134684       31,397.92   11/25/96   10/25/11   177.50   01/25/97   72.4    10.600        350.16
  SB45    10266134691       27,200.00   11/25/96   10/25/16   237.50   12/25/96   76.1    10.300        267.92
  SB45    10266134719       23,305.10   12/05/96   11/05/11   177.86   02/05/97   85.0    14.250        282.28
  SB45    10266134753       62,000.00   01/02/97   12/02/11   178.75   01/02/97   84.9    11.850        630.59
  SB45    10266134758       19,865.39   01/01/97   12/01/11   178.72   02/01/97   90.0    13.150        222.25
  SB45    10266134772       15,624.03   12/14/96   11/14/16   238.16   02/14/97   79.9    13.750        192.39
  SB45    10266134773       27,753.96   12/11/96   11/11/11   178.06   01/11/97   70.0     9.550        236.46
  SB45    10266134831       25,081.07   01/10/97   12/10/11   179.01   02/10/97   85.9    12.150        261.08
  SB45    10266134834       68,000.00   12/26/96   11/26/11   178.55   01/26/97   85.0    11.350        665.63
  SB45    10266134866       47,843.45   12/19/96   11/19/11   178.32   01/19/97   80.0    10.750        538.06
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 2  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                             - Settlement 1/10/97 

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SB45    10266134950 WOODBRIDGE T R              2211 HERZOG ROAD                  ALVA                    FL  33920      56,400.00
  SB45    10266135005 CHARTIER DENNIS             10570 RED LANE                    PENN VALLEY             CA  95946     100,000.00
  SB45    10266135101 MARTINEZ ESTELA NILSA       2070 CITRUS COVE DRIVE            OVIEDO                  FL  32765     114,950.00
  SB45    10266135109 RICKETTS JOAN M             3273 ALFORODO STREET              FAYETTEVILLE            NC  28306      80,000.00
  SB45    10266135134 LIGONS GERTRUDE             5402 WEST BERKS STREET            PHILADELPHIA            PA  19131      32,500.00
  SB45    10266135140 SUPOSS RUBY KATHERINE       1116 MEMPHIS ST                   AURORA                  CO  80011      18,761.00
  SB45    10266135153 DERTHICK NANCY A            4556 9TH AVENUE                   SACRAMENTO              CA  95820      54,838.00
  SB45    10266135155 LARSEN JEFFREY M            6321 SOUTH GRANT DRIVE            LITTLETON               CO  80121      22,700.00
  SB45    10266135188 RICHARDS BRENT L            2090 SOUTH OGDEN STREET           DENVER                  CO  80210      79,100.00
  SB45    10266135257 HOLODNIK EDWARD ALLEN       950 CEDARWOOD DRIVE               PITTSBURGH              PA  15235      72,000.00
  SB45    10266135266 BALLEW WILLIAM              3510 SOUTHWEST 40TH AVENUE        HOLLYWOOD               FL  33023      18,500.00
  SB45    10266135269 WHITCOMB ROBERT E           3227 DARLINGTON ROAD              HOLIDAY                 FL  34691      56,800.00
  SB45    10266135277 BOVE KIM ANTHONY            214 MARSONIA STREET               PITTSBURGH              PA  15212      42,000.00
  SB45    10266135280 NICKERSON K LEE             8428 RABBITBRUSH WAY              PARKER                  CO  80134      33,200.00
  SB45    10266135304 BURKE MELVA D               178-01 132ND AVENUE               JAMAICA                 NY  11434     102,000.00
  SB45    10266135306 HAYES EDWARD C              234 WELDON STREET                 ROCHESTER               NY  14611      30,000.00
  SB45    10266135405 SALICA RICK A               2017 BRENTWOOD DRIVE              AUBURNDALE              FL  33823      10,000.00
  SB45    10266135416 FLORKIEWICZ MARIA           708 PHILADELPHIA AVE              CHAMBERSBURG            PA  17201      35,000.00
  SB45    10266135419 LOGAN SHAWN                 537 FELIZ CONTADO COURT           HENDERSON               NV  89015      23,000.00
  SB45    10266135491 MARTIN RANDY M              750 W 3RD AVENUE                  GLOBE                   AZ  85501      13,000.00
  SB45    10266135512 GARDNER TERRY ANN           12400 LANSDOWNE                   DETROIT                 MI  48224      34,200.00
  SB45    10266135516 BLAZEY TERRANCE A           3881  ROYALTON RD                 NORTH ROYALTON          OH  44133      54,200.00
  SB45    10266135527 TIERNEY JAMES J             815 S. THIRD AVENUE               KANKAKEE                IL  60901      46,400.00
  SB45    10266135553 NAFUS ROGER L               6086 SOUTH VAN GOGH CIRCLE        SALT LAKE CITY          UT  84118      20,566.00
  SB45    10266135579 SWOPE KATHY A               127 BEECH STREET                  CARLISLE                PA  17013      65,625.00
  SB45    10266135612 CRAWFORD LISA M             208 N FOOTE AVENUE                COLORADO SPRINGS        CO  80909      13,513.00
  SB45    10266135623 CAUGE NORMA ELIZABETH       4761 E MARSTON DRIVE              PARADISE VALLEY         AZ  85253      80,000.00
  SB45    10266135653 HOWARD FRANCES              3058 GLORIA                       WAYNE                   MI  48184      88,000.00
  SB45    10266135667 MARTINEZ IGNACIO J          736-40 WEST 300 NORTH             SALT LAKE CITY          UT  84116      42,000.00
  SB45    10266135775 HILL JOHN R                 688 WEST 1100 NORTH               PLEASANT GROVE          UT  84062      45,000.00
  SB45    10266135862 CLARK JOE W                 540 TECO STREET                   GRAND JUNCTION          CO  81504      36,400.00
  SB45    10266135899 SCHURTER CHARLES W          1008 ELMWOOD AVE                  WEST CHESTER            PA  19380      36,900.00
  SB45    10266135976 ESPLIN ROGER A              3137 WEST 2300 NORTH              CLINTON                 UT  84015      23,000.00
  SB45    10266135987 PAYNE TAMMY L               1229 BALDWIN AVENUE               CANON CITY              CO  81212      22,450.00
  SB45    10266136014 GLICK RUSSELL S             1519 HEYBURN AVENUE EAST          TWIN FALLS              ID  83301      19,177.00
  SB45    10266136070 NICHOLAS PAUL J JR          185 LONG ROAD                     MOUNT WOLF              PA  17347     100,725.00
  SB45    10266136102 JOHNSON TERRY DUANE         4927 WEST MANDAN AVENUE           WEST VALLEY CITY        UT  84120      20,000.00
  SB45    10266136105 WILSON DANNY M              190 EAST 300 NORTH                SPANISH FORK            UT  84660      19,000.00
  SB45    10266136138 CAMPBELL VINCENT L          1194-1196-1198 CLINTON STREET     AURORA                  CO  80010      30,391.00
  SB45    10266136181 RHYNES JOSEPHINE            15044 MINERVA                     DOLTON                  IL  60419     131,000.00
  SB45    10266136184 DAVIS HENRY                 1404 CONGRESS LANE                FORD HEIGHTS            IL  60411      21,700.00
  SB45    10266136217 SHEPHARD THOMAS H           4816 ROUTE 309                    SCHNECKSVILLE           PA  18078      75,650.00
  SB45    10266136221 OYLER STEPHEN EARL          657 WEST 1325 NORTH               OREM                    UT  84057      80,800.00
  SB45    10266136236 MCCABE NANCI E              3878 DENNISON AVENUE              DREXEL HILL             PA  19026      21,000.00
  SB45    10266136292 CANFIELD MICHAEL            10412 N 45TH PLACE                PHOENIX                 AZ  85028      40,500.00
  SB45    10266136301 WHITTLE GLORIA              4245 E HARWELL CIRCLE             HIGLEY                  AZ  85236      15,443.00
  SB45    10266136309 ZERVAS CAROL                8322 S. 79TH AVENUE               JUSTICE                 IL  60458      18,000.00
  SB45    10266136378 GUNDERSON MARK A            5758 GERRY LANE                   LARKSPUR                CO  80118      42,000.00
  SB45    10266136458 FLORES IRENE L              6690 EAST 62ND AVENUE             COMMERCE CITY           CO  80022      12,400.00
  SB45    10266136479 DINH MAI VAN                425 EAST PASTIME ROAD             TUCSON                  AZ  85705      13,100.00
  SB45    10266136483 FOOTE JEFFREY M             10112 SOUTH 360 EAST              SANDY                   UT  84070      20,000.00
  SB45    10266136492 BAINE JAMES M               703 E NANCE STREET                MESA                    AZ  85203     112,000.00
  SB45    10266136564 GORDON KELLY DEE            771 NORTH 950 WEST                OREM                    UT  84057      21,450.00
  SB45    10266136569 ROMAN CONNIE M              5440 QUAY STREET                  ARVADA                  CO  80002      31,974.00
  SB45    10266136577 DEMILLE TRAVIS L            807 SOUTH ABARR PLAZA             ELKO                    NV  89801      12,900.00
  SB45    10266136678 PORTER MARK T               2961 NORTH 4200 WEST              PLAIN CITY              UT  84404      21,559.00
  SB45    10266136707 ETTINGER CHARLES E JR       582 LEWISBERRY ROAD               NEW CUMBERLAND          PA  17070     127,265.00
  SB45    10266136708 DANIELS KATHLEEN            5509 SOUTH HUGOTON DRIVE          SALT LAKE CITY          UT  84118      83,250.00
  SB45    10266136709 MALLOY MARK THOMAS III      21 ANDERSON ROAD                  GLENSHAW                PA  15116      22,575.00
  SB45    10266136768 COLLIER MARC                4703 CEDAR AVENUE                 PHILADELPHIA            PA  19143      46,750.00

<CAPTION>
                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SB45    10266134950       56,378.38   12/01/96   11/01/11   177.73   02/01/97   78.1    10.900        532.85
  SB45    10266135005      100,000.00   12/14/96   11/14/11   178.16   12/14/96   53.7    12.950      1,102.29
  SB45    10266135101      114,950.00   12/01/96   11/01/26   357.73   01/01/97   84.5    12.000      1,182.39
  SB45    10266135109       79,991.41   12/12/96   11/12/11   178.09   01/12/97   84.2    11.850        813.66
  SB45    10266135134       32,500.00   01/02/97   12/02/16   238.75   01/02/97   49.2    11.500        346.59
  SB45    10266135140       18,761.00   02/01/97   01/01/12   179.74   02/01/97   84.9    12.350        198.05
  SB45    10266135153       54,462.12   11/25/96   10/25/11   177.50   02/25/97   84.3    13.050        608.76
  SB45    10266135155       22,700.00   11/28/96   10/28/11   177.60   12/28/96   74.9    11.100        259.43
  SB45    10266135188       79,100.00   01/01/97   12/01/26   358.72   01/01/97   65.9     9.150        645.01
  SB45    10266135257       71,894.31   12/11/96   11/11/26   358.06   01/11/97   80.0    13.500        824.70
  SB45    10266135266       18,500.00   12/15/96   11/15/11   178.19   12/15/96   61.2    10.050        199.37
  SB45    10266135269       56,772.38   12/19/96   11/19/11   178.32   01/19/97   80.0    11.000        540.92
  SB45    10266135277       41,902.09   12/27/96   11/27/11   178.59   01/27/97   70.0    10.990        477.11
  SB45    10266135280       33,200.00   02/01/97   01/01/17   239.74   02/01/97   84.0    11.250        348.35
  SB45    10266135304      101,567.51   01/10/97   12/10/26   359.01   02/10/97   65.8     9.800        880.09
  SB45    10266135306       29,900.04   01/03/97   12/03/11   178.78   02/03/97   58.8    10.150        325.14
  SB45    10266135405        9,971.98   12/06/96   11/06/11   177.90   01/06/97   84.4    12.150        120.98
  SB45    10266135416       34,923.41   01/02/97   12/02/11   178.75   02/02/97   67.1    10.300        382.56
  SB45    10266135419       23,000.00   02/01/97   01/01/12   179.74   02/01/97   89.8    11.950        275.30
  SB45    10266135491       13,000.00   12/21/96   11/21/11   178.39   12/21/96   84.7    10.100        140.50
  SB45    10266135512       34,200.00   01/02/97   12/02/16   238.75   02/02/97   90.0    11.050        354.17
  SB45    10266135516       54,200.00   01/03/97   12/03/16   238.78   02/03/97   45.1     9.150        492.89
  SB45    10266135527       46,196.28   11/28/96   10/28/26   357.60   01/28/97   80.0    11.000        441.88
  SB45    10266135553       20,566.00   12/01/96   11/01/11   177.73   01/01/97   89.7    13.150        262.24
  SB45    10266135579       65,625.00   12/20/96   11/20/11   178.36   12/20/96   70.0    10.750        612.60
  SB45    10266135612       13,513.00   02/01/97   01/01/12   179.74   02/01/97   78.1    13.990        160.00
  SB45    10266135623       79,962.49   01/01/97   12/01/11   178.72   02/01/97   63.0    11.250        777.01
  SB45    10266135653       88,000.00   12/01/96   11/01/26   357.73   01/01/97   80.0    11.000        838.04
  SB45    10266135667       41,915.10   01/01/97   12/01/11   178.72   02/01/97   84.1    12.750        524.51
  SB45    10266135775       45,000.00   02/01/97   01/01/12   179.74   02/01/97   84.0    10.700        418.38
  SB45    10266135862       36,400.00   01/02/97   12/02/16   238.75   02/02/97   89.9    11.950        399.53
  SB45    10266135899       36,701.06   12/11/96   11/11/11   178.06   02/11/97   90.0    11.750        436.94
  SB45    10266135976       23,000.00   11/16/96   10/16/11   177.21   12/16/96   76.4    15.350        327.44
  SB45    10266135987       22,450.00   02/01/97   01/01/12   179.74   02/01/97   88.7    11.950        268.72
  SB45    10266136014       19,133.60   01/01/97   12/01/11   178.72   02/01/97   83.7    11.350        222.20
  SB45    10266136070      100,411.36   12/25/96   11/25/16   238.52   01/25/97   85.0    11.650      1,084.59
  SB45    10266136102       20,000.00   01/04/97   12/04/11   178.82   02/04/97   59.1    13.850        234.60
  SB45    10266136105       19,000.00   02/01/97   01/01/12   179.74   02/01/97   76.5    10.700        176.65
  SB45    10266136138       30,391.00   02/01/97   01/01/12   179.74   02/01/97   79.6    13.500        348.10
  SB45    10266136181      130,850.57   12/15/96   11/15/16   238.19   01/15/97   67.1    10.100      1,272.87
  SB45    10266136184       21,700.00   01/01/97   12/01/11   178.72   02/01/97   70.0    10.200        235.85
  SB45    10266136217       75,592.32   12/27/96   11/27/11   178.59   01/27/97   85.0    10.000        663.88
  SB45    10266136221       80,800.00   02/01/97   01/01/12   179.74   02/01/97   84.9    12.350        852.95
  SB45    10266136236       20,908.32   01/02/97   12/02/06   118.75   02/02/97   21.2    11.250        292.25
  SB45    10266136292       40,340.39   12/15/96   11/15/11   178.19   02/15/97   79.8    13.000        448.01
  SB45    10266136301       15,423.76   12/27/96   11/27/11   178.59   01/27/97   84.9    12.750        192.86
  SB45    10266136309       18,000.00   01/01/97   12/01/16   238.72   01/01/97   18.9     9.350        166.02
  SB45    10266136378       42,000.00   01/01/97   12/01/11   178.72   02/01/97   79.5    11.250        407.93
  SB45    10266136458       12,400.00   01/02/97   12/02/11   178.75   01/02/97   79.3    13.500        160.99
  SB45    10266136479       13,100.00   01/01/97   12/01/11   178.72   01/01/97   84.9    13.700        152.11
  SB45    10266136483       20,000.00   01/01/97   12/01/11   178.72   01/01/97   70.0    11.900        238.75
  SB45    10266136492      112,000.00   12/27/96   11/27/11   178.59   12/27/96   80.0    10.750      1,045.50
  SB45    10266136564       21,450.00   02/01/97   01/01/12   179.74   02/01/97   84.8    10.700        239.77
  SB45    10266136569       31,974.00   02/01/97   01/01/12   179.74   02/01/97   84.8    12.750        399.30
  SB45    10266136577       12,873.67   01/01/97   12/01/11   178.72   02/01/97   89.0    12.750        161.10
  SB45    10266136678       21,559.00   01/01/97   12/01/11   178.72   01/01/97   88.5    13.150        274.90
  SB45    10266136707      125,965.34   12/27/96   11/27/11   178.59   02/27/97   85.9     9.450      1,325.10
  SB45    10266136708       83,250.00   01/01/97   12/01/11   178.72   02/01/97   74.3    13.350        943.74
  SB45    10266136709       22,550.75   01/04/97   12/04/11   178.82   02/04/97   84.9    12.350        276.04
  SB45    10266136768       46,619.85   12/01/96   11/01/11   177.73   02/01/97   85.0    10.350        422.41
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 3  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                             - Settlement 1/10/97 

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SB45    10266136798 WILLIAMS RICHARD F          842 SOUTH 1560 EAST               SPANISH FORK            UT  84660      38,000.00
  SB45    10266136805 DOUGLAS MARK A              1558 SOUTH CARTERVILLE ROAD       OREM                    UT  84058      28,740.00
  SB45    10266136807 SHEPHERD RAY E              256 NORTH COLUMBUS LANE           ELK RIDGE               UT  84651      21,250.00
  SB45    10266136810 DOOLEY JAMES J              2103 BOYER AVENUE EAST            SEATTLE                 WA  98112      21,000.00
  SB45    10266136847 DION GARY S                 1541 JAMES RD                     ARDMORE                 PA  19003      84,500.00
  SB45    10266136859 FINCH RICHARD L             511 LAGUNITAS ROAD SW             ALBUQUERQUE             NM  87105      50,000.00
  SB45    10266136904 EISENBERG DAVID             1415 WEST WALTON                  CHICAGO                 IL  60622      31,100.00
  SB45    10266136934 WULF KEVIN                  81 MAPLEWOOD AVENUE               POCATELLO               ID  83204      26,000.00
  SB45    10266137065 GREEN ERIC M                8650 SW THOROUGHBRED PLACE        BEAVERTON               OR  97008      43,938.00
  SB45    10266137075 STOCKS BRADLEY J            5154 SOUTH 5200 WEST              SALT LAKE CITY          UT  84118      21,100.00
  SB45    10266137127 ELIAS JOSEPH                3920 OLD COUNTY ROAD              WHITEHALL               PA  18052      37,800.00
  SB45    10266137158 ANDERSON MELVIN L           6070 SOUTH WASATCH DRIVE          OGDEN                   UT  84403      42,030.00
  SB45    10266137171 JORGENSEN MATTHEW R         5408 WEST HUNTER DRIVE            WEST VALLEY CITY        UT  84120      34,550.00
  SB45    10266137291 MUNN JAMES C                29640 HAZELWOOD                   INKSTER                 MI  48141      36,000.00
  SB45    10266137334 CATES STEVEN M              9655 CORONADO COURT               PARKER                  CO  80134      44,481.00
  SB45    10266137348 MCDONNELL PATRICK S         744 GREENTREE ROAD                PITTSBURGH              PA  15220      16,600.00
  SB45    10266137353 RYAN GARY PAUL              2407 SE 12TH AVENUE               PORTLAND                OR  97214      36,000.00
  SB45    10266137376 ROGERS RONALD R             251 WYOMING AVENUE                WYOMING                 PA  18644     127,400.00
  SB45    10266137440 SPRADLING ROBERT G          323 W. TIPTON ST.                 LOGANSPORT              IN  46947      10,600.00
  SB45    10266137482 SNODGRASS NANCY A           8703 SW MARTINAZZI COURT          TUALATIN                OR  97062      42,702.00
  SB45    10266137505 LELAND BARBARA G            1 THAYER ROAD                     COLORADO SPRINGS        CO  80906     106,000.00
  SB45    10266137525 COLLINS ROSEMARY E          2751 NORTH NEWLAND AVE.           CHICAGO                 IL  60607      43,500.00
  SB45    10266137547 PACE JASPER R               726 WEST 1720 NORTH #130          PROVO                   UT  84601      66,300.00
  SB45    10266137556 MAES CLIFFORD ELOY          1901 E BUFFALO STREET             CHANDLER                AZ  85225      21,063.00
  SB45    10266137582 FINCH CHARLES CHRISTOPHER   1435 SOUTH GRAY STREET            LAKEWOOD                CO  80232      25,800.00
  SB45    10266137588 BRUEGMANN JON R             706 COPPERDALE LANE               GOLDEN                  CO  80403      30,000.00
  SB45    10266137611 KAHN KELLY O                2493 DICKINSON                    TRENTON                 MI  48183      66,300.00
  SB45    10266137613 PAXTON PATRINA A            952 OAKHURST LANE                 RIVERWOODS              IL  60015      50,000.00
  SB45    10266137624 HUTSON LLOYD                19138 CURTIS                      DETROIT                 MI  48219      30,500.00
  SB45    10266137646 BAYER LISA MARIE            11570 SW CARDINAL TERRACE         BEAVERTON               OR  97008      25,000.00
  SB45    10266137650 GROMELSKI JAMES             311 MONTCLAIR STREET              COLORADO SPRINGS        CO  80910      15,000.00
  SB45    10266137674 GARCIA RICHARD              49 SOUTH 4TH WEST                 PRESTON                 ID  83263      12,925.00
  SB45    10266137681 LEWIS JAMES S II            3880 REED STREET                  WHEAT RIDGE             CO  80033      14,961.00
  SB45    10266137713 ARNOLD DONALD N             1209 33RD AVENUE SE               ALBANY                  OR  97321      49,600.00
  SB45    10266137721 ZIRKER VALERIE R            8333 SOUTH 1050 EAST              SANDY                   UT  84094      25,180.00
  SB45    10266137756 BINNS RANDALL T             374 JUEDES AVENUE NORTH           KEIZER                  OR  97303      16,000.00
  SB45    10266137781 MERKLEY JOHN R              535 LANDRA LANE                   HENDERSON               NV  89015      25,000.00
  SB45    10266137817 TENERELLI LOU               1375 REBECCA, UNIT 105            HOFFMAN ESTATES         IL  60194      27,000.00
  SB45    10266137982 THOMAS WESLEY C             1824 SOUTH UPHAM STREET           LAKEWOOD                CO  80232      34,000.00
  SB45    10266138094 CARSON GENE L               3901 SOUTH CHEROKEE STREET        ENGLEWOOD               CO  80110      21,884.00
  SB45    10266138102 KIRTON THOMAS M             11202 WEST SUNFLOWER PLACE        AVONDALE                AZ  85323      29,250.00
  SB45    10266138115 QUIGLEY ROBERT L            1871 EAST 7020 SOUTH              SALT LAKE CITY          UT  84121     123,250.00
  SB45    10266138117 RYDBERG MICHELLE PAULINE    262 ALTO AVENUE                   CARBONDALE              CO  81623     142,750.00
  SB45    10266138133 HOBBS W KIMBLE              474 MARINE STREET                 BOULDER                 CO  80302      68,000.00
  SB45    10266138212 SEVERSON DOUGLAS J          3012 SOUTH EUCALYPTUS WAY         WEST VALLEY CITY        UT  84119      39,996.00
  SB45    10266138214 CAPELL JOHN E               6363 SOUTH LOTUS WAY              WEST JORDAN             UT  84084      27,937.00
  SB45    10266138231 HARDIN LAURIE ANN           13501 SE 23RD STREET              VANCOUVER               WA  98683      17,162.00
  SB45    10266138275 HARKINS WILLIAM EDWARD      7960 WEST 8TH AVENUE              LAKEWOOD                CO  80215      65,287.00
  SB45    10266138288 WHITMAN MARCI BRAZZI        3061 WINTERCREEK ROAD             MOUNT AUKUM             CA  95656      40,800.00
  SB45    10266138292 KEMNITZ ALLEN D             218 SECURITY BOULEVARD            SECURITY                CO  80911      10,400.00
  SB45    10266138323 MALLORY BART D              462 EAST LOCKWOOD DRIVE           OGDEN                   UT  84404      18,637.00
  SB45    10266138341 BROOKS CORY A               6145 WEST 78TH PLACE              ARVADA                  CO  80003      20,000.00
  SB45    10266138480 FAGAN RICHARD DEAN          2609 WEST 100TH PLACE             DENVER                  CO  80221      89,600.00
  SB45    10266138546 SZALOKY ROSE MARIE          2187 ALGER ROAD                   LAKEWOOD                OH  44107      57,000.00
  SB45    10266138579 FORGIE DUSTIN T             9864 SOUTH CONGRESSIONAL WAY      SOUTH JORDAN            UT  84095      46,589.00
  SB45    10266138584 COLLIER ROBERT E            1845 WEST 2350 SOUTH              SYRACUSE                UT  84075      27,749.00
  SB45    10266138585 MARSHALL VALERIE            4097 WEST 6445 SOUTH              WEST JORDAN             UT  84084      18,000.00
  SB45    10266138586 MCDONALD MICHAEL SCOTT      8633 SOUTH MOUNTAIN MEADOW DR     WEST JORDAN             UT  84088      23,622.00
  SB45    10266138647 WARNECKE MARY J             7409 BIRCH STREET                 CRYSTAL LAKE            IL  60014      60,000.00
  SB45    10266138675 ABUL-HAJJ YUSUF J           3350 PORTLAND AVE. SOUTH          MINNEAPOLIS             MN  55407      87,500.00

<CAPTION>
                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SB45    10266136798       38,000.00   02/01/97   01/01/12   179.74   02/01/97   86.4    10.100        410.68
  SB45    10266136805       28,720.34   01/01/97   12/01/11   178.72   02/01/97   79.9    13.950        381.78
  SB45    10266136807       21,250.00   02/01/97   01/01/12   179.74   02/01/97   84.9    10.100        229.66
  SB45    10266136810       21,000.00   01/01/97   12/01/11   178.72   02/01/97   89.9    11.350        205.56
  SB45    10266136847       84,500.00   01/04/97   12/04/16   238.82   02/04/97   89.5    11.750        915.73
  SB45    10266136859       50,000.00   12/21/96   11/21/11   178.39   01/21/97   27.7    11.500        584.09
  SB45    10266136904       31,100.00   12/18/96   11/18/16   238.29   12/18/96   74.9    14.340        394.44
  SB45    10266136934       26,000.00   01/01/97   12/01/11   178.72   01/01/97   89.7    12.750        324.70
  SB45    10266137065       43,938.00   01/01/97   12/01/11   178.72   01/01/97   84.9    12.750        548.71
  SB45    10266137075       21,084.52   01/01/97   12/01/11   178.72   03/01/97   87.7    13.150        235.88
  SB45    10266137127       37,800.00   12/27/96   11/27/11   178.59   01/27/97   78.7    13.490        432.67
  SB45    10266137158       42,030.00   12/01/96   11/01/11   177.73   02/01/97   64.7    14.550        575.35
  SB45    10266137171       34,215.11   01/01/97   12/01/11   178.72   02/01/97   84.9    11.950        354.06
  SB45    10266137291       35,993.82   01/03/97   12/03/11   178.78   02/03/97   75.0    12.000        432.06
  SB45    10266137334       44,481.00   02/01/97   01/01/12   179.74   02/01/97   89.6    11.950        532.42
  SB45    10266137348       16,600.00   01/09/97   12/09/11   178.98   01/09/97   69.7    11.250        191.29
  SB45    10266137353       36,000.00   02/01/97   01/01/12   179.74   02/01/97   90.0    12.300        378.63
  SB45    10266137376      127,346.03   12/26/96   11/26/11   178.55   01/26/97   70.0    11.990      1,309.47
  SB45    10266137440       10,592.11   12/26/96   11/26/11   178.55   01/26/97   84.8    12.350        129.61
  SB45    10266137482       42,702.00   02/01/97   01/01/12   179.74   02/01/97   79.8    13.500        554.41
  SB45    10266137505      106,000.00   02/01/97   01/01/12   179.74   02/01/97   89.3    11.950      1,086.25
  SB45    10266137525       43,144.41   01/01/97   12/01/11   178.72   02/01/97   89.9    10.500        480.85
  SB45    10266137547       66,300.00   02/01/97   01/01/27   359.74   02/01/97   65.0     9.350        550.25
  SB45    10266137556       21,063.00   01/02/97   12/02/11   178.75   01/02/97   89.8    11.950        252.11
  SB45    10266137582       25,800.00   02/01/97   01/01/12   179.74   02/01/97   79.8    13.000        285.40
  SB45    10266137588       30,000.00   02/01/97   01/01/17   239.74   02/01/97   76.9    11.250        314.78
  SB45    10266137611       66,300.00   01/03/97   12/03/11   178.78   01/03/97   85.0    10.000        581.83
  SB45    10266137613       49,942.36   12/27/96   11/27/16   238.59   01/27/97   50.0    12.000        550.54
  SB45    10266137624       30,464.76   12/25/96   11/25/16   238.52   01/25/97   64.8    11.000        314.82
  SB45    10266137646       25,000.00   02/01/97   01/01/12   179.74   02/01/97   84.8    12.750        271.67
  SB45    10266137650       15,000.00   02/01/97   01/01/12   179.74   02/01/97   77.5    13.000        189.79
  SB45    10266137674       12,890.82   12/05/96   11/05/11   177.86   02/05/97   83.8    12.750        161.41
  SB45    10266137681       14,961.00   02/01/97   01/01/12   179.74   02/01/97   77.9    13.000        189.29
  SB45    10266137713       49,600.00   02/01/97   01/01/12   179.74   02/01/97   85.9    11.950        593.69
  SB45    10266137721       25,170.50   01/01/97   12/01/16   238.72   02/01/97   89.8    12.750        290.53
  SB45    10266137756       16,000.00   02/01/97   01/01/12   179.74   02/01/97   78.7    10.100        172.92
  SB45    10266137781       24,981.41   01/02/97   12/02/11   178.75   02/02/97   77.8    11.250        288.09
  SB45    10266137817       27,000.00   12/27/96   11/27/16   238.59   01/27/97   60.0    12.000        297.29
  SB45    10266137982       34,000.00   02/01/97   01/01/12   179.74   02/01/97   83.0    10.700        380.06
  SB45    10266138094       21,884.00   02/01/97   01/01/12   179.74   02/01/97   85.0    12.750        273.30
  SB45    10266138102       29,172.75   01/01/97   12/01/11   178.72   02/01/97   90.0    11.350        286.32
  SB45    10266138115      123,250.00   02/01/97   01/01/27   359.74   02/01/97   85.0    12.250      1,291.53
  SB45    10266138117      142,750.00   02/01/97   01/01/12   179.74   02/01/97   84.8    12.750      1,551.25
  SB45    10266138133       68,000.00   02/01/97   01/01/12   179.74   02/01/97   59.1    12.500        725.74
  SB45    10266138212       39,996.00   01/02/97   12/02/16   238.75   01/02/97   84.8    13.350        478.59
  SB45    10266138214       27,937.00   01/01/97   12/01/11   178.72   01/01/97   75.3    15.350        397.72
  SB45    10266138231       17,162.00   12/20/96   11/20/11   178.36   01/20/97   79.9    13.000        189.85
  SB45    10266138275       65,287.00   02/01/97   01/01/17   239.74   02/01/97   84.9    12.750        753.29
  SB45    10266138288       40,800.00   12/01/96   11/01/11   177.73   01/01/97   79.9    13.550        468.93
  SB45    10266138292       10,400.00   02/01/97   01/01/12   179.74   02/01/97   90.0    11.950        124.48
  SB45    10266138323       18,637.00   01/01/97   12/01/11   178.72   01/01/97   90.0    12.750        232.75
  SB45    10266138341       20,000.00   02/01/97   01/01/12   179.74   02/01/97   87.9    11.950        239.39
  SB45    10266138480       89,600.00   02/01/97   01/01/12   179.74   02/01/97   80.0    12.800        977.17
  SB45    10266138546       57,000.00   12/27/96   11/27/16   238.59   12/27/96   65.8    11.000        588.35
  SB45    10266138579       46,589.00   01/03/97   12/03/11   178.78   02/03/97   89.1    11.950        477.43
  SB45    10266138584       27,749.00   01/01/97   12/01/11   178.72   01/01/97   89.7    12.750        346.54
  SB45    10266138585       17,951.93   01/01/97   12/01/11   178.72   02/01/97   66.1    10.750        201.77
  SB45    10266138586       23,622.00   01/01/97   12/01/11   178.72   02/01/97   79.8    15.220        334.18
  SB45    10266138647       60,000.00   01/03/97   12/03/11   178.78   02/03/97   89.7    11.750        605.65
  SB45    10266138675       87,500.00   12/22/96   11/22/11   178.42   12/22/96   70.0     9.850        932.27
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 4  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                             - Settlement 1/10/97 

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SB45    10266138678 ABUL-HAJJ YUSUF J           1004 EAST 22ND STREET             MINNEAPOLIS             MN  55404      74,200.00
  SB45    10266138686 TINCHER LINDA               51 SOUTH ALBERTA                  TOOELE                  UT  84074      15,600.00
  SB45    10266139046 BRAIN SCOTT K               2440 NORTH 670 WEST               LEHI                    UT  84043      24,200.00
  SB45    10266139152 NEAL LARRY A                807 23RD STREET                   OGDEN                   UT  84401      32,231.00
  SB45    10266139154 JOHNSON KENNETH W           447 WEST CREEKVIEW ROAD           CENTERVILLE             UT  84014      39,500.00
  SB45    10266139157 DILLEY SHANE M              5041 WEST EAGLE WOOD DRIVE        SALT LAKE CITY          UT  84120      15,300.00
  SB45    10266139359 LEMIEUX BRUCE A             2341 WEST 550 NORTH               WEST POINT              UT  84015      20,000.00
  SB45    10266139363 NEUMANN FRANK P             1109 EAST PLATINUM WAY            SANDY                   UT  84094      40,500.00
          ----------------------------------------                                                                      ------------
               188    Sale Total                                                                                        8,571,414.00

<CAPTION>
                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SB45    10266138678       74,090.12   12/22/96   11/22/11   178.42   01/22/97   70.0     9.850        790.56
  SB45    10266138686       15,574.71   01/01/97   12/01/11   178.72   02/01/97   75.9    15.350        222.09
  SB45    10266139046       24,200.00   12/26/96   11/26/16   238.55   01/26/97   89.9    12.750        279.22
  SB45    10266139152       32,231.00   01/01/97   12/01/11   178.72   02/01/97   85.3    12.750        402.51
  SB45    10266139154       39,467.62   12/27/96   11/27/11   178.59   01/27/97   82.2    13.350        508.90
  SB45    10266139157       15,300.00   12/27/96   11/27/11   178.59   01/27/97   87.6    12.750        191.07
  SB45    10266139359       20,000.00   01/04/97   12/04/11   178.82   01/04/97   78.1    11.500        233.64
  SB45    10266139363       40,500.00   01/03/97   12/03/11   178.78   02/03/97   79.7    15.350        576.57
          -----------    ------------                      ---------              ----------------------------
               188       8,560,651.44                         220.27              77.3    11.733     91,879.00
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 5  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                              - Settlement 1/10/97

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SB46    10266123565 TAYLOR ROSARIO ROSE         155-05 108TH AVENUE               JAMAICA                 NY  11443      77,100.00
  SB46    10266123841 MICALIZZI ANGELO            721 MARSH AVENUE                  FORT MYERS              FL  33910      48,000.00
  SB46    10266130850 CHAN TAT MAN                14997 EAST STANFORD DRIVE         AURORA                  CO  80015      38,500.00
  SB46    10266131087 BLETZ RANDY C               641 BUCK ROAD                     QUARRYVILLE             PA  17566      30,800.00
  SB46    10266131524 HEMSHORN BILITA K           14585 WILCO HIGHWAY NE            WOODBURN                OR  97071      85,000.00
  SB46    10266131738 QUINN DAVID E               385 HILLSIDE DR                   BLOOMSBURG              PA  17815      80,000.00
  SB46    10266132074 PERKINS ADRIAN M            2256A 2256 2258 EAST 17TH ST      OAKLAND                 CA  94606      29,700.00
  SB46    10266132258 WEST PEGGY                  628 HAWTHORNE                     ANDERSON                IN  46011      22,000.00
  SB46    10266132279 MICHELENA GLADYS            1915 S DELAWARE STREET            ALLENTOWN               PA  18103      55,200.00
  SB46    10266132755 MANGEL CHARLES J            39104 FIVE CORNERS ROAD           CENTERVILLE             PA  16404      38,350.00
  SB46    10266132883 WITTAKER ENA RAE            571 NW 112TH STREET               MIAMI                   FL  33168      40,000.00
  SB46    10266132910 BOYNTON ERLE W              2808 SAMARA DRIVE                 TAMPA                   FL  33618     104,000.00
  SB46    10266133167 KLINGER JEFFREY T           323 W LAUREL STREET               TREMONT                 PA  17981      25,600.00
  SB46    10266134342 MULLER BONNIE               2 SAINT MARY'S PLACE              SPARTA                  NJ  07860      58,000.00
  SB46    10266134486 SERNA ARTEMIA               475 NORTH MORTON DRIVE            SALT LAKE CITY          UT  84116      12,441.00
  SB46    10266134700 GROSS SALLY                 1005 OVERLOOK TERRACE             CAZENOVIA               NY  13035     122,800.00
  SB46    10266135006 WAER RONALD THOMAS          7352 PRINDIVILLE DRIVE            SAN JOSE                CA  95138      50,000.00
  SB46    10266135139 SHEPHERD LEROY PAUL         186 NORTH 100 EAST                SANTAQUIN               UT  84655      27,700.00
  SB46    10266135215 DEJONGE DONALD A            16050 SOUTH HOMAN AVENUE          MARKHAM                 IL  60426      62,100.00
  SB46    10266135252 OWENS WILLIAM F             115 RHODES AVENUE                 COLLINGDALE             PA  19023      44,000.00
  SB46    10266135473 VONDY MICHAEL K             719 CUSTER STREET                 BRUSH                   CO  80723      54,000.00
  SB46    10266135776 HORSTMAN GREGORY L          2509 WINNIPEG                     PUEBLO                  CO  81004      14,415.00
  SB46    10266135892 KUELLENBERG PAUL            8517 NORTH ROAD 6 EAST            MONTE VISTA             CO  81144      43,225.00
  SB46    10266135918 DOUGAN RICHARD TREVER       1231 EAST 580 SOUTH               PROVO                   UT  84606      30,575.00
  SB46    10266135989 WATERS EDWARD M             1118 WEST 7TH STREET              MESA                    AZ  85201      22,075.00
  SB46    10266136222 CHRISTENSEN L JAY           3085 WEST SKYVUE CIRCLE           WEST JORDAN             UT  84088      28,266.00
  SB46    10266136224 COLEMAN GERALD M            49 OLD STONEHOUSE ROAD            CARLISLE                PA  17013      40,890.00
  SB46    10266136276 POOL JR NORVIN J            6215 SE 103RD AVENUE              PORTLAND                OR  97266      36,567.00
  SB46    10266136624 CAVIN GARY JR               2501 WEST HARDROCK CIRCLE         TAYLORSVILLE            UT  84119      28,150.00
  SB46    10266136629 TANKALAVAGE MARK D          610-612 CLINTON COURT             HAZLETON                PA  18201      26,910.00
  SB46    10266136713 RAZA MIR ALI                16427 MAPLEWILD AVENUE SW         SEATTLE                 WA  98166     136,000.00
  SB46    10266136720 MORAN ROBERTA               1130 EAST 12TH AVENUE             BROOMFIELD              CO  80020      34,778.00
  SB46    10266136721 ANDERSON SHARON             36804 44TH AVENUE SOUTH           AUBURN                  WA  98001      28,000.00
  SB46    10266136845 MEYER ROBERT E              7086 SOUTH ANDES CIRCLE           AURORA                  CO  80016      62,500.00
  SB46    10266136863 HILL VERN H                 8546 SOUTH MESA DRIVE             SANDY                   UT  84093      23,857.00
  SB46    10266136867 HASSEY KEITH R              16115 WEST 74TH AVENUE            GOLDEN                  CO  80403      57,366.00
  SB46    10266136922 JAMES GEORGE M              26933 NORTHEAST 144TH PLACE       DUVALL                  WA  98019      28,200.00
  SB46    10266136980 GRABINSKY ALVIN H           20 BULLMAN STREET                 PHILLIPSBURG            NJ  08865      58,700.00
  SB46    10266137050 OCHOA BAUDELIA              3734 EAST SEQUOIA DRIVE           PHOENIX                 AZ  85044     250,000.00
  SB46    10266137210 KILLEA FRANCIS X            926 LORENZ AVENUE                 BALDWIN                 NY  11510      33,453.00
  SB46    10266137380 KUYKENDALL RALPH E JR       RD 21 BOX 97                      DOVER                   PA  17315      12,225.00
  SB46    10266137401 MOSS RONALD L               740 PONDEROSA DRIVE               SANDY                   UT  84094      33,685.00
  SB46    10266137453 ZAMORA GARY J               2329 NORTH MEADE AVENUE           COLORADO SPRINGS        CO  80907      29,000.00
  SB46    10266137476 HUIZINGH MURRAY             9884 FAIRWOOD STREET              LITTLETON               CO  80127      36,000.00
  SB46    10266137496 HURTA MICHAEL R             4267 LEE LANE                     BLAINE                  WA  98230      34,000.00
  SB46    10266137569 MONSON KAY A                398 WEST 450 NORTH                BLACKFOOT               ID  83221      18,000.00
  SB46    10266137572 BRIGGS MICHAEL W            12061 SOUTH ASPEN RIDGE ROAD      SANDY                   UT  84094      54,550.00
  SB46    10266137586 ROLLINS FRANK W             3413 SOUTH EVERGREEN PLACE        SALT LAKE CITY          UT  84106      37,000.00
  SB46    10266137686 WILSON VANCE P              5703 WEST 4480 SOUTH              WEST VALLEY CITY        UT  84120      19,816.00
  SB46    10266137722 TAYLOR SHERRIL H            155 WEST 200 SOUTH                SANTAQUIN               UT  84655      28,500.00
  SB46    10266137731 CLABORN DAVID W             4670 HOLYCON CIRCLE               SAN JOSE                CA  95136      37,255.00
  SB46    10266137738 CASTIGLIONE LEONARD F       1878 VENICE DRIVE                 SOUTH LAKE TAHOE        CA  96150      96,100.00
  SB46    10266137775 TOMASELLI ROBERT            402 GRAND AVENUE                  CAPITOLA                CA  95010     152,000.00
  SB46    10266137779 GARDNER DOUGLAS EUGENE      1655 NORTH 87TH PLACE             SCOTTSDALE              AZ  85257      18,000.00
  SB46    10266137801 SKOL BRIAN E                4 N 211 HAWTHORNE                 BENSENVILLE             IL  60106      53,600.00
  SB46    10266137987 ALDRICH SCOTT D             8826 SE 28TH PLACE                MILWAUKIE               OR  97222      25,800.00
  SB46    10266138092 FREY DALE E                 29 CASTLE PINES DRIVE NORTH       CASTLE ROCK             CO  80104     300,000.00
  SB46    10266138098 MCKENZIE DENNIS W           2833 LANCE CIRCLE                 CHARLESTON              UT  84032      16,909.00
  SB46    10266138160 CORDOVA JESUS               612-612 1/2 WATER STREET          LAKE GENEVA             WI  53147      81,000.00
  SB46    10266138200 HANNA GEORGE G              7059 STARKEY RIDGE LANE           INDIANAPOLIS            IN  46268      25,000.00

<CAPTION>

                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SB46    10266123565       77,100.00   08/09/96   07/09/11   173.95   01/09/97   90.0    12.250        807.93
  SB46    10266123841       47,922.03   08/17/96   07/17/11   174.21   01/17/97   80.0    11.550        477.17
  SB46    10266130850       38,500.00   02/01/97   01/01/12   179.74   02/01/97   69.0    10.750        359.39
  SB46    10266131087       30,675.72   12/08/96   11/08/11   177.96   02/08/97   89.9    12.750        384.64
  SB46    10266131524       85,000.00   02/01/97   01/01/27   359.74   02/01/97   34.9    11.650        851.49
  SB46    10266131738       79,887.82   12/12/96   11/12/11   178.09   01/12/97   80.0    11.700        804.46
  SB46    10266132074       29,488.24   01/01/97   12/01/11   178.72   02/01/97   89.2    12.950        374.80
  SB46    10266132258       22,000.00   12/26/96   11/26/11   178.55   01/26/97   37.2    11.500        257.00
  SB46    10266132279       55,200.00   12/20/96   11/20/11   178.36   01/20/97   80.0    11.000        525.68
  SB46    10266132755       38,350.00   12/27/96   11/27/11   178.59   12/27/96   65.0    11.050        366.67
  SB46    10266132883       39,980.29   12/11/96   11/11/11   178.06   01/11/97   50.0    10.900        377.91
  SB46    10266132910      104,000.00   01/02/97   12/02/11   178.75   01/02/97   81.9    10.150        924.22
  SB46    10266133167       25,600.00   01/04/97   12/04/11   178.82   01/04/97   80.0    13.500        293.23
  SB46    10266134342       58,000.00   01/10/97   12/10/16   239.01   01/10/97   53.9    10.600        582.96
  SB46    10266134486       12,441.00   01/02/97   12/02/11   178.75   01/02/97   86.3    13.150        158.64
  SB46    10266134700      122,800.00   12/01/96   11/01/11   177.73   02/01/97   85.8    10.250      1,100.41
  SB46    10266135006       49,907.02   01/01/97   12/01/11   178.72   02/01/97   84.8    13.700        580.58
  SB46    10266135139       27,107.82   01/01/97   12/01/11   178.72   02/01/97   73.7    11.950        283.86
  SB46    10266135215       62,100.00   12/25/96   11/25/26   358.52   12/25/96   90.0    11.050        593.74
  SB46    10266135252       44,000.00   01/02/97   12/02/11   178.75   02/02/97   80.0    12.990        486.38
  SB46    10266135473       54,000.00   02/01/97   01/01/27   359.74   02/01/97   90.0    10.850        508.14
  SB46    10266135776       14,415.00   02/01/97   01/01/12   179.74   02/01/97   79.9    13.500        187.15
  SB46    10266135892       43,225.00   02/01/97   01/01/12   179.74   02/01/97   84.5    12.750        469.72
  SB46    10266135918       30,575.00   02/01/97   01/01/12   179.74   02/01/97   85.0    12.750        381.83
  SB46    10266135989       22,075.00   01/03/97   12/03/11   178.78   02/03/97   86.4    12.600        273.52
  SB46    10266136222       28,187.11   11/01/96   10/01/11   176.71   02/01/97   69.7    13.990        334.69
  SB46    10266136224       40,841.61   12/20/96   11/20/11   178.36   01/20/97   89.9    11.950        489.43
  SB46    10266136276       36,567.00   01/02/97   12/02/11   178.75   01/02/97   85.0    13.700        424.60
  SB46    10266136624       28,150.00   01/01/97   12/01/11   178.72   01/01/97   79.9    14.300        340.24
  SB46    10266136629       26,873.90   12/27/96   11/27/26   358.59   01/27/97   81.5    12.350        284.07
  SB46    10266136713      136,000.00   02/01/97   01/01/12   179.74   02/01/97   82.3    11.700      1,367.59
  SB46    10266136720       34,778.00   02/01/97   01/01/17   239.74   02/01/97   90.0    11.950        381.72
  SB46    10266136721       28,000.00   01/16/97   12/16/11   179.21   01/16/97   74.4    10.700        260.32
  SB46    10266136845       62,500.00   02/01/97   01/01/12   179.74   02/01/97   88.0    11.950        748.10
  SB46    10266136863       23,790.12   01/02/97   12/02/11   178.75   02/02/97   90.0    11.950        285.56
  SB46    10266136867       57,366.00   02/01/97   01/01/12   179.74   02/01/97   82.9    12.750        623.39
  SB46    10266136922       28,200.00   01/06/97   12/06/11   178.88   01/06/97   83.5    12.750        352.17
  SB46    10266136980       58,700.00   01/09/97   12/09/11   178.98   01/09/97   79.9    12.500        626.48
  SB46    10266137050      250,000.00   02/01/97   01/01/27   359.74   02/01/97   89.2    11.450      2,466.20
  SB46    10266137210       33,401.29   01/01/97   12/01/06   118.72   02/01/97   79.2    13.500        509.40
  SB46    10266137380       12,225.00   01/17/97   12/17/06   119.24   01/17/97   89.9    11.550        172.23
  SB46    10266137401       33,685.00   01/01/97   12/01/11   178.72   02/01/97   85.0    12.950        425.09
  SB46    10266137453       29,000.00   02/01/97   01/01/12   179.74   02/01/97   84.8    12.750        362.16
  SB46    10266137476       36,000.00   02/01/97   01/01/12   179.74   02/01/97   84.5    12.750        391.21
  SB46    10266137496       34,000.00   02/01/97   01/01/17   239.74   02/01/97   89.9    11.950        373.18
  SB46    10266137569       18,000.00   01/01/97   12/01/11   178.72   01/01/97   33.5    13.250        230.71
  SB46    10266137572       54,550.00   01/03/97   12/03/16   238.78   02/03/97   84.9    13.350        652.74
  SB46    10266137586       37,000.00   02/01/97   01/01/12   179.74   02/01/97   62.9    10.450        337.07
  SB46    10266137686       19,816.00   02/01/97   01/01/17   239.74   02/01/97   80.0    13.990        246.27
  SB46    10266137722       28,500.00   02/01/97   01/01/12   179.74   02/01/97   89.6    11.950        341.13
  SB46    10266137731       37,255.00   01/06/97   12/06/16   238.88   01/06/97   84.4    12.750        429.85
  SB46    10266137738       96,100.00   01/06/97   12/06/11   178.88   02/06/97   89.9    11.300        937.03
  SB46    10266137775      152,000.00   02/01/97   01/01/12   179.74   02/01/97   73.9    11.250      1,476.32
  SB46    10266137779       18,000.00   01/11/97   12/11/11   179.05   01/11/97   86.9    11.950        215.45
  SB46    10266137801       53,600.00   12/22/96   11/22/26   358.42   01/22/97   40.9    10.000        470.38
  SB46    10266137987       25,800.00   02/01/97   01/01/17   239.74   02/01/97   79.2    13.990        320.64
  SB46    10266138092      300,000.00   02/01/97   01/01/17   239.74   02/01/97   84.3    10.700      3,035.55
  SB46    10266138098       16,909.00   01/10/97   12/10/11   179.01   01/10/97   70.4    15.100        237.82
  SB46    10266138160       81,000.00   12/22/96   11/22/26   358.42   01/22/97   90.0    11.100        777.51
  SB46    10266138200       25,000.00   01/09/97   12/09/16   238.98   01/09/97   79.8    11.250        262.31
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 6  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                             - Settlement 1/10/97 

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SB46    10266138228 SMITHSON BRENDA L           1050 4TH STREET                   LIMON                   CO  80828      51,975.00
  SB46    10266138248 KAUFFMANN JOHN C            7635 HERNANDO DRIVE               LAS VEGAS               NV  89117      35,118.00
  SB46    10266138276 DURRANT JOHN M              1189 WEST 640 NORTH               OREM                    UT  84057      27,000.00
  SB46    10266138300 JEWERT RICK J               2633 WEST 119TH AVENUE            DENVER                  CO  80234      31,250.00
  SB46    10266138330 BOHEN TORANCE CHARLES       480 EAST 3400 SOUTH               SALT LAKE CITY          UT  84115      28,000.00
  SB46    10266138366 SADLER RICKY E              29515 GREAT ROCK ROAD             BRIGHTON                CO  80601      20,000.00
  SB46    10266138374 COTTLE ANTHONY A            1029 EAST PLATINUM WAY            SANDY                   UT  84094      22,000.00
  SB46    10266138469 TERRIEN MARC E              150 EAST 3RD STREET               PALISADE                CO  81526      60,800.00
  SB46    10266138474 JEX BRADLEY H               658 WEST 200 NORTH                BLACKFOOT               ID  83221      20,604.00
  SB46    10266138581 BROWNING CARL E             34271 BACHELOR FLAT ROAD          ST HELENS               OR  97051      45,000.00
  SB46    10266138598 SMITH KEVIN ANDREW          14042 SOUTH OLIVE AVENUE          PINE                    CO  80470      20,300.00
  SB46    10266138687 KIM WOO YOUNG               3609 NORTHEAST 149TH AVENUE       PORTLAND                OR  97230      64,550.00
  SB46    10266138708 VERNON RODNEY D             8758 SOUTH FORREST DRIVE          HIGHLANDS RANCH         CO  80126      33,004.00
  SB46    10266138725 BLANOT MICHAEL K            1514 N EL PASO STREET             COLORADO SPRINGS        CO  80907      40,250.00
  SB46    10266138817 MONTOYA SANTIAGO A          1639 MAXWELL STREET               COLORADO SPRINGS        CO  80906      51,000.00
  SB46    10266138828 BROWNE JAMES L              815 WUTHERING HEIGHTS DRIVE       COLORADO SPRINGS        CO  80921      27,899.00
  SB46    10266138832 HOFMEYER JAYNE S            2704 RHODE ISLAND STREET NE       ALBUQUERQUE             NM  87110     101,600.00
  SB46    10266138898 DECKER ANTHONY M            5550 ROSEBROOKE COURT SE          SALEM                   OR  97306      26,300.00
  SB46    10266138975 MARTINEZ KENNETH A          4652 ESTES STREET                 WHEAT RIDGE             CO  80033      11,696.00
  SB46    10266138989 HITESMAN MATTHEW            626 WEST 3700 NORTH               ERDA                    UT  84074      42,000.00
  SB46    10266139033 COOPER JUNE                 1134 FLORENCE AVENUE              COLORADO SPRINGS        CO  80906      18,000.00
  SB46    10266139043 ANDERSON HIRAM A            278 EAST MAIN                     RICHMOND                UT  84333      29,400.00
  SB46    10266139045 BATE JOHN R                 699 VALLEY VIEW DRIVE             TOOELE                  UT  84074      22,759.00
  SB46    10266139048 JONES DALLAS                6053 WEST BORAX AVENUE            SALT LAKE CITY          UT  84118      24,500.00
  SB46    10266139183 PALMER ALBERT B             7155 WEST EUGIE AVENUE            PEORIA                  AZ  85381      24,499.00
  SB46    10266139248 ROBERTS LESTER D            552 EAST 1500 SOUTH               VERNAL                  UT  84078      52,500.00
  SB46    10266139332 FARNSWORTH ALBERT STEPHEN   1764 EAST 4620 SOUTH              SALT LAKE CITY          UT  84117     118,600.00
  SB46    10266139360 STEINLICHT TROY E           580 CARDINAL DRIVE                SHELLEY                 ID  83274      18,019.00
  SB46    10266139364 PEARCE RODNEY L             3891 WEST 4900 SOUTH              ROY                     UT  84067      27,183.00
  SB46    10266139432 CARBONA MICHAEL J           985 EAST BUDDLEA DRIVE            SANDY                   UT  84094      15,889.00
  SB46    10266139524 MANN JOHN J                 362 SOUTH 100 WEST                GARLAND                 UT  84312      14,000.00
  SB46    10266139720 BERGGREN JAMES F            66 COUNTY ROAD 848                WINTER PARK             CO  80482     185,000.00
  SB46    10266139888 WARNER RAE ANN              450 EAST 1000 NORTH               SPANISH FORK            UT  84660      22,190.00
  SB46    10266140050 GRAHAM BRYAN A              595 NORTH 240 WEST                SPRINGVILLE             UT  84663      27,000.00
  SB46    10266140151 LARSON GREGORY ALLEN        255 EAST 950 SOUTH                SPRINGVILLE             UT  84663      21,627.00
          ----------------------------------------                                                                      ------------
                95    Sale Total                                                                                        4,579,170.00

<CAPTION>

                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SB46    10266138228       51,975.00   02/01/97   01/01/27   359.74   02/01/97   90.0    11.450        512.72
  SB46    10266138248       34,940.42   01/02/97   12/02/11   178.75   02/02/97   89.9    11.350        406.90
  SB46    10266138276       27,000.00   02/01/97   01/01/12   179.74   02/01/97   44.0    10.450        297.62
  SB46    10266138300       31,250.00   02/01/97   01/01/12   179.74   02/01/97   89.1    11.950        374.05
  SB46    10266138330       28,000.00   02/01/97   01/01/12   179.74   02/01/97   88.3    11.950        286.93
  SB46    10266138366       20,000.00   02/01/97   01/01/12   179.74   02/01/97   80.7    12.350        244.56
  SB46    10266138374       22,000.00   02/01/97   01/01/12   179.74   02/01/97   74.4    10.700        245.92
  SB46    10266138469       60,800.00   02/01/97   01/01/17   239.74   02/01/97   80.0     9.400        562.77
  SB46    10266138474       20,604.00   01/03/97   12/03/11   178.78   01/03/97   74.9    13.350        265.45
  SB46    10266138581       45,000.00   02/01/97   01/01/17   239.74   02/01/97   66.4    11.250        472.17
  SB46    10266138598       20,282.78   01/04/97   12/04/11   178.82   02/04/97   89.9    11.950        242.98
  SB46    10266138687       64,550.00   02/01/97   01/01/12   179.74   02/01/97   72.9    12.750        701.46
  SB46    10266138708       33,004.00   02/01/97   01/01/12   179.74   02/01/97   89.9    11.950        395.04
  SB46    10266138725       40,250.00   02/01/97   01/01/12   179.74   02/01/97   84.5    12.750        437.39
  SB46    10266138817       51,000.00   02/01/97   01/01/17   239.74   02/01/97   82.3    10.100        495.54
  SB46    10266138828       27,899.00   02/01/97   01/01/12   179.74   02/01/97   89.4    11.950        333.94
  SB46    10266138832      101,600.00   01/09/97   12/09/11   178.98   01/09/97   80.0    10.150        902.90
  SB46    10266138898       26,300.00   02/01/97   01/01/12   179.74   02/01/97   89.6    11.350        304.73
  SB46    10266138975       11,696.00   02/01/97   01/01/12   179.74   02/01/97   79.9    13.990        155.68
  SB46    10266138989       42,000.00   02/01/97   01/01/12   179.74   02/01/97   72.1    12.800        458.05
  SB46    10266139033       18,000.00   02/01/97   01/01/17   239.74   02/01/97   61.8    10.850        183.96
  SB46    10266139043       29,328.97   01/10/97   12/10/11   179.01   02/10/97   84.8    12.400        360.45
  SB46    10266139045       22,753.03   12/26/96   11/26/11   178.55   01/26/97   89.9    12.750        284.22
  SB46    10266139048       24,500.00   02/01/97   01/01/12   179.74   02/01/97   89.8    12.750        266.24
  SB46    10266139183       24,499.00   02/01/97   01/01/12   179.74   02/01/97   84.9    10.700        273.86
  SB46    10266139248       52,500.00   01/03/97   12/03/11   178.78   02/03/97   73.9    13.850        615.83
  SB46    10266139332      118,600.00   02/01/97   01/01/12   179.74   02/01/97   84.9    12.750      1,288.82
  SB46    10266139360       18,019.00   01/04/97   12/04/11   178.82   01/04/97   89.9    12.750        225.03
  SB46    10266139364       27,125.59   01/04/97   12/04/16   238.82   02/04/97   88.5    12.750        313.64
  SB46    10266139432       15,857.07   01/04/97   12/04/11   178.82   02/04/97   87.4    12.750        198.43
  SB46    10266139524       13,991.42   01/06/97   12/06/11   178.88   02/06/97   89.4    12.750        174.84
  SB46    10266139720      185,000.00   02/01/97   01/01/12   179.74   02/01/97   67.0    12.000      2,220.31
  SB46    10266139888       22,190.00   01/11/97   12/11/11   179.05   01/11/97   79.9    13.350        285.89
  SB46    10266140050       27,000.00   01/13/97   12/13/11   179.11   01/13/97   68.4    13.850        356.85
  SB46    10266140151       21,627.00   01/16/97   12/16/11   179.21   01/16/97   89.0    12.750        270.09
          -----------    ------------                      ---------              ----------------------------
                95       4,577,287.25                         215.00              79.7    11.774     49,015.39
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 7  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                             - Settlement 1/10/97 

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SBC47   10268000720 SOOKLALL POORAN             1121 COLGATE AVENUE               BRONX                   NY  10472     171,350.00
  SBC47   10268000868 JOHNSON ROY                 15 CONTLANDT AVENUE               NEW ROCHELLE            NY  10801      71,900.00
  SBC47   10268000954 DESARO RAYMOND              615 MAIN STREET                   STATEN ISLAND           NY  10307      50,000.00
  SBC47   10268001141 REVELL NORMAN JR            38 OAKLAND DRIVE                  RIVERHEAD               NY  11901      58,500.00
  SBC47   10268001179 MOFFETT CHARLES             22 GRANDVIEW AVENUE               BETHEL                  CT  06801      75,000.00
  SBC47   10268001336 HASH LAURA A                914 FLOYD AVE                     ROME                    NY  13440      70,000.00
  SBC47   10268001358 PLISKY JAMES                1517 WILDWOOD AVE                 POINT PLEASANT          NJ  08742      15,654.00
  SBC47   10268001834 CRUMP WILLIE                3129 TANAGER ST                   RALEIGH                 NC  27606      98,000.00
  SBC47   10268001885 BAYLOR DONALD E JR          495 SHOEMAKER ROAD                MOHAWK                  NY  13407      68,000.00
  SBC47   10268001934 PETRESZYN JAMES             336 LOT 10 ROAD                   CENTRAL SQUARE          NY  13036      16,000.00
  SBC47   10268002359 NGUYEN DIEM VAN             9 DEW LINE RD                     LIVERPOOL               NY  13090      76,000.00
  SBC47   10268002446 WITCHER CAROLYN DENISE      4620 4TH ST NW                    WASHINGTON              DC  20011      88,500.00
  SBC47   10268002467 SKOKOWSKI GARY P            168 10TH ST                       WOOD RIDGE              NJ  07075      32,940.00
  SBC47   10268002597 DOHERTY KEVIN J             139 NORTH OHIOVILLE ROAD          NEW PALTZ               NY  12561      38,500.00
  SBC47   10268002637 RICCIUTI JENNIFER           90 MAPLE AVE                      NORTHPORT               NY  11768      31,000.00
  SBC47   10268002685 TAIT PHYLLIS                17 ELMWOOD DR                     LIVINGSTON              NJ  07039     124,800.00
  SBC47   10268002724 WEISS MARK                  93 GLEN SUMMER RD                 HOLBROOK                NY  11741      44,100.00
  SBC47   10268003076 CHEUNG WAN TING             1369 E ST                         ELMONT                  NY  11003      76,000.00
  SBC47   10268003338 SAUNDERS KENNETH ELVIN      479 WILLOW ST                     WATERBURY               CT  06710      58,410.00
  SBC47   10268003386 WALLS THOMAS B JR           7916 ROYAL FERN COURT             CLINTON                 MD  20735      42,600.00
  SBC47   10268003399 KOHLERMAN THOMAS VINCENT    3911 EMRICK LANE                  JARRETTSVILLE           MD  21084      49,250.00
  SBC47   10268003412 SKELLY DOUG                 4 BIRCHWOOD LN                    NEW MILFORD             CT  06776     122,000.00
  SBC47   10268003429 PRICE RICHARD B             2601 ROSELAWN AVE                 BALTIMORE               MD  21214      44,000.00
  SBC47   10268003452 WOOD JAMES ESTON            342 SHERIDAN DRIVE                NEW CASTLE              DE  19720      54,000.00
  SBC47   10268003486 ELLIS CLIFFORD              8316 OLIVER STREET                NEW CARROLLTON          MD  20784     123,250.00
  SBC47   10268003703 SPECLAND RICK               27 NELSON AVE                     PROVINCETOWN            MA  02657      53,500.00
  SBC47   10268003732 CANAPINO ROBERT             119 LONGHILL RD                   CLINTON                 CT  06413      27,300.00
  SBC47   10268003818 HARRISON RONNIE DALE        2400 ATWOOD RD                    WINSTON SALEM           NC  27103      38,125.00
  SBC47   10268003847 MCELWAINE BRAD W            509 WEST HENRY AVENUE             TAMPA                   FL  33604      13,100.00
  SBC47   10268003858 CULLUM CHRISTOPHER  J       2505 RED MAPLE DR                 ABINGDON                MD  21009      22,850.00
  SBC47   10268003880 HOWELL ROBERT               340 DAVIS STREET                  HENDERSON               NC  27536      52,000.00
  SBC47   10268003946 MACK EMELISE                26 BRIGHTON 10 CT                 BROOKLYN                NY  11235     165,600.00
  SBC47   10268004034 ESPOSITO CARMINE            560 BEACH 132ND ST                BELLE HARBOR            NY  11694     150,000.00
  SBC47   10268004041 GENTILE STEPHEN J           32 BATER ST                       ISLIP                   NY  11751      25,000.00
  SBC47   10268004069 BARKER PETER A              809 ELIZABETH ST                  BRANDON                 FL  33510      35,000.00
  SBC47   10268004100 CARMAN EVELYN               167 -25 110TH AVENUE              JAMAICA                 NY  11433      35,000.00
  SBC47   10268004168 MATTHEW MARTHA              31 DAKOTA PL                      HEMPSTEAD               NY  11550      47,900.00
  SBC47   10268004183 DIAMOND AARON               71 WEST END AVENUE                EAST QUOGUE             NY  11942     231,930.00
  SBC47   10268004227 TOOLEY HUBERT L             22 HOLLANDER ST                   DORCHESTER              MA  02121      25,000.00
  SBC47   10268004302 BARNES WALTER JR            1334 KITMORE RD                   BALTIMORE               MD  21239      60,160.00
  SBC47   10268004346 FREEMAN CHARLENE S          23 COBBLER LN                     NEW MILFORD             CT  06776      50,000.00
  SBC47   10268004375 MOUW LYNN A                 6449 EASTHAMPTON ROAD             FAYETTEVILLE            NC  28314      11,900.00
  SBC47   10268004490 SHAW WILBERT A SR           20 HOUSATONIS AVENUE              NEW MILFORD             CT  06776      10,320.00
  SBC47   10268004491 HIBBERT CONRAD              2 WYANOKE STREET                  WHITE PLAINS            NY  10606      62,000.00
  SBC47   10268004558 WATTS RUSSELL               85 GRANT ST                       FALL RIVER              MA  02721      29,700.00
  SBC47   10268004591 PALYO JOHN M                76 GORMAN ST                      NAUGATUCK               CT  06770      36,100.00
  SBC47   10268004768 MOORE SHARON Y              4329 HIGHBORNE DR                 MARIETTA                GA  30066      65,000.00
  SBC47   10268004821 ROBINSON MATTIE             2232 EVERS CIRCLE                 SARASOTA                FL  34234      41,050.00
  SBC47   10268004825 RIVET SHARON I              35 LEONE ST                       WATERBURY               CT  06708      45,000.00
  SBC47   10268004904 FLEUR NIXON ST              92 BOW ST                         MEDFORD                 MA  02155      35,000.00
  SBC47   10268004988 OBRIEN WILLIAM M            13716 PENN SHOP RD                MOUNT AIRY              MD  21771      41,747.00
  SBC47   10268005165 HENDERSON MARY A            3275 56TH ST N                    SAINT PETERSBURG        FL  33710      30,800.00
  SBC47   10268005269 NINE JAMES C                68 PINE RD                        JEWETT CITY             CT  06351      23,000.00
  SBC47   10268005270 SAMUEL DONALD               8396 CAMPHOR DR                   SPRING HILL             FL  34606      88,800.00
  SBC47   10268005298 ARMINGTON JEFFERY           22 CAMBRIDGE RD                   BRISTOL                 CT  06010      34,450.00
  SBC47   10268005316 MILGROM SALLY               3847 DARSTON ST                   PALM HARBOR             FL  34685      58,000.00
  SBC47   10268005364 BROCKMAN LOWELL HARRIS      19209 DIMONA DR                   BROOKEVILLE             MD  20833      36,000.00
  SBC47   10268005374 HODGES JAMES MURRAY         221 VINELAND DRIVE                FAYETTEVILLE            NC  28306      65,875.00
  SBC47   10268005455 BAUER ALBERT W              233 QUINNAPIAC AVE                NORTH HAVEN             CT  06473      34,750.00
  SBC47   10268005506 BASSETT RONALD P            375 SILAS COURT                   SPRING HILL             FL  34609      45,500.00

<CAPTION>

                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SBC47   10268000720      171,236.55   09/27/96   08/27/11   175.56   01/27/97   89.9    11.350      1,677.28
  SBC47   10268000868       71,863.89   12/21/96   11/21/11   178.39   01/21/97   80.6    11.050        819.47
  SBC47   10268000954       50,000.00   12/11/96   11/11/11   178.06   12/11/96   79.7    12.200        522.02
  SBC47   10268001141       58,500.00   10/16/96   09/16/11   176.22   01/16/97   65.0    14.700        725.69
  SBC47   10268001179       74,859.11   12/27/96   11/27/11   178.59   01/27/97   48.3    14.000        888.65
  SBC47   10268001336       70,000.00   12/04/96   11/04/16   237.83   01/04/97   70.0    10.850        715.40
  SBC47   10268001358       15,654.00   12/19/96   11/19/11   178.32   12/19/96   84.8    12.950        197.55
  SBC47   10268001834       97,694.08   12/01/96   11/01/11   177.73   02/01/97   70.0    11.500        970.49
  SBC47   10268001885       67,950.47   12/25/96   11/25/11   178.52   01/25/97   80.0    13.500        778.88
  SBC47   10268001934       15,807.38   11/28/96   10/28/06   117.60   01/28/97   89.9    10.650        217.24
  SBC47   10268002359       76,000.00   11/28/96   10/28/11   177.60   12/28/96   89.9    10.650        703.74
  SBC47   10268002446       88,097.53   12/20/96   11/20/11   178.36   02/20/97   75.0    12.250        927.39
  SBC47   10268002467       32,940.00   12/13/96   11/13/11   178.13   01/13/97   85.8    13.700        382.49
  SBC47   10268002597       38,500.00   12/05/96   11/05/11   177.86   02/05/97   89.9    11.900        393.05
  SBC47   10268002637       31,000.00   01/03/97   12/03/11   178.78   02/03/97   70.0     9.850        268.62
  SBC47   10268002685      124,800.00   12/12/96   11/12/11   178.09   01/12/97   80.0    12.850      1,365.92
  SBC47   10268002724       44,088.33   11/15/96   10/15/11   177.17   01/15/97   89.8    12.350        465.54
  SBC47   10268003076       76,000.00   12/04/96   11/04/16   237.83   01/04/97   80.2    12.200        847.45
  SBC47   10268003338       58,410.00   12/20/96   11/20/11   178.36   01/20/97   90.0    11.450        576.20
  SBC47   10268003386       42,600.00   12/11/96   11/11/11   178.06   01/11/97   89.7    13.250        546.02
  SBC47   10268003399       49,056.13   12/01/96   11/01/11   177.73   02/01/97   85.0    13.000        623.13
  SBC47   10268003412      121,575.38   12/12/96   11/12/11   178.09   02/12/97   71.3    12.000      1,254.91
  SBC47   10268003429       43,963.57   12/19/96   11/19/11   178.32   01/19/97   80.0    10.990        499.83
  SBC47   10268003452       54,000.00   12/01/96   11/01/11   177.73   02/01/97   87.0    11.050        516.30
  SBC47   10268003486      123,250.00   12/01/96   11/01/11   177.73   01/01/97   85.0    10.900      1,393.13
  SBC47   10268003703       53,500.00   12/04/96   11/04/11   177.83   01/04/97   79.9    11.500        529.81
  SBC47   10268003732       27,264.03   12/18/96   11/18/11   178.29   01/18/97   89.8    12.750        340.93
  SBC47   10268003818       38,125.00   12/27/96   11/27/11   178.59   01/27/97   83.4    10.100        412.03
  SBC47   10268003847       13,100.00   01/02/97   12/02/11   178.75   02/02/97   80.0    13.500        170.08
  SBC47   10268003858       22,779.31   12/26/96   11/26/11   178.55   01/26/97   82.5    12.350        279.40
  SBC47   10268003880       52,000.00   12/25/96   11/25/11   178.52   12/25/96   80.0    13.500        595.61
  SBC47   10268003946      165,600.00   12/22/96   11/22/11   178.42   12/22/96   90.0    11.400      1,627.30
  SBC47   10268004034      148,430.70   12/22/96   11/22/11   178.42   02/22/97   84.7    13.700      1,741.75
  SBC47   10268004041       25,000.00   01/02/97   12/02/06   118.75   01/02/97   68.3    10.750        340.85
  SBC47   10268004069       34,965.81   12/27/96   11/27/11   178.59   01/27/97   63.6    11.500        408.87
  SBC47   10268004100       34,954.80   12/20/96   11/20/16   238.36   01/20/97   29.1    10.150        341.24
  SBC47   10268004168       47,444.33   12/25/96   11/25/11   178.52   02/25/97   89.9    11.550        561.09
  SBC47   10268004183      231,445.11   12/22/96   11/22/11   178.42   01/22/97   85.9    10.700      2,592.58
  SBC47   10268004227       25,000.00   12/12/96   11/12/06   118.09   01/12/97   74.2    10.500        337.34
  SBC47   10268004302       59,857.18   12/08/96   11/08/11   177.96   02/08/97   80.0    13.000        665.49
  SBC47   10268004346       50,000.00   12/27/96   11/27/26   358.59   01/27/97   42.3    10.950        474.27
  SBC47   10268004375       11,895.32   12/20/96   11/20/11   178.36   01/20/97   89.3    11.350        137.88
  SBC47   10268004490       10,320.00   12/14/96   11/14/11   178.16   12/14/96   80.6    14.700        142.33
  SBC47   10268004491       61,857.88   12/26/96   11/26/11   178.55   01/26/97   79.8    11.000        590.44
  SBC47   10268004558       29,420.36   01/01/97   12/01/06   118.72   02/01/97   89.8    12.500        434.74
  SBC47   10268004591       36,100.00   12/26/96   11/26/16   238.55   01/26/97   79.7    11.500        384.98
  SBC47   10268004768       65,000.00   12/04/96   11/04/11   177.83   01/04/97   90.0    12.500        693.72
  SBC47   10268004821       41,050.00   12/22/96   11/22/11   178.42   01/22/97   60.3    10.150        364.80
  SBC47   10268004825       45,000.00   12/22/96   11/22/16   238.42   01/22/97   66.4    11.350        475.25
  SBC47   10268004904       35,000.00   12/14/96   11/14/06   118.16   01/14/97   89.4    12.500        512.32
  SBC47   10268004988       41,215.07   01/03/97   12/03/11   178.78   03/03/97   80.0    12.750        521.35
  SBC47   10268005165       30,778.36   12/27/96   11/27/11   178.59   01/27/97   84.9    12.500        379.62
  SBC47   10268005269       22,946.65   12/22/96   11/22/06   118.42   01/22/97   87.1    12.500        336.67
  SBC47   10268005270       88,800.00   01/03/97   12/03/11   178.78   02/03/97   80.0    11.200        859.11
  SBC47   10268005298       34,450.00   01/01/97   12/01/26   358.72   01/01/97   85.0    12.750        374.37
  SBC47   10268005316       57,872.91   01/06/97   12/06/16   238.88   02/06/97   84.9    10.900        594.73
  SBC47   10268005364       36,000.00   12/25/96   11/25/16   238.52   01/25/97   84.6    10.500        359.42
  SBC47   10268005374       65,829.16   12/20/96   11/20/11   178.36   01/20/97   85.0     9.800        699.86
  SBC47   10268005455       34,641.28   01/04/97   12/04/11   178.82   02/04/97   74.6    12.000        417.06
  SBC47   10268005506       45,400.42   12/18/96   11/18/11   178.29   01/18/97   89.9    11.750        538.78
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 8  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                             - Settlement 1/10/97 

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SBC47   10268005593 CLEMENT RONALD              60 PARK MANOR ROAD                DONORA                  PA  15033      12,300.00
  SBC47   10268005654 FISHER CHARLES              604 CLINTON ST                    WESTBURY                NY  11590     193,600.00
  SBC47   10268005822 FRIEND LARRY P              888 TOWNSEND BOULEVARD            DOVER                   DE  19901      29,900.00
  SBC47   10268005847 HYNAL JOHN                  4796 EASTCHESTER DR               SARASOTA                FL  34234      32,800.00
  SBC47   10268005999 IASEVOLI ANTONIO            551 BEACH 128TH ST                BELLE HARBOR            NY  11694      60,000.00
  SBC47   10268006006 CASSANO DOMINICK            1838 EAST 36TH STREET             BROOKLYN                NY  11234      24,000.00
  SBC47   10268006055 HOWE WILLIAM                2408 KINGS LAKE BLVD              NAPLES                  FL  34112      32,100.00
  SBC47   10268006207 EINSIDLER ROBERT            101 DIX HWY                       DIX HILLS               NY  11746      28,000.00
  SBC47   10268006285 BATES JAMES                 17511 MONTEVERDE DR               BROOKSVILLE             FL  34610      14,500.00
  SBC47   10268006593 JOHNSON WILLIAM             914 EAST 27TH STREET              WILMINGTON              DE  19802      46,400.00
  SBC47   10268006633 LEIB HENRY                  75 BIRCH DR                       ROSLYN                  NY  11576      90,000.00
  SBC47   10268006680 MACRI MARJORIE              104 DIANA AVE                     FORT MYERS              FL  33905      33,500.00
  SBC47   10268006891 RAI F BINNIE                13109 CAMELLIA DR                 SILVER SPRING           MD  20906     197,570.00
  SBC47   10268006917 RABY ADELE                  7365 JONAS ROAD SE                FORT MYERS              FL  33912      62,400.00
          ----------------------------------------                                                                      ------------
                74    Sale Total                                                                                        4,384,281.00

<CAPTION>

                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SBC47   10268005593       12,262.87   12/25/96   11/25/06   118.52   01/25/97   90.0    11.550        173.28
  SBC47   10268005654      193,600.00   11/11/96   10/11/11   177.04   12/11/96   80.0    11.900      1,976.50
  SBC47   10268005822       29,878.71   01/03/97   12/03/11   178.78   02/03/97   89.2    11.350        346.44
  SBC47   10268005847       32,777.55   12/27/96   11/27/11   178.59   01/27/97   80.6    12.500        404.27
  SBC47   10268005999       60,000.00   12/22/96   11/22/11   178.42   01/22/97   75.1    12.450        737.56
  SBC47   10268006006       23,718.37   12/26/96   11/26/11   178.55   02/26/97   87.7    11.550        281.13
  SBC47   10268006055       32,100.00   01/02/97   12/02/11   178.75   01/02/97   74.1    13.000        406.14
  SBC47   10268006207       27,920.93   01/02/97   12/02/11   178.75   02/02/97   79.3     9.900        299.18
  SBC47   10268006285       14,497.43   12/25/96   11/25/11   178.52   01/25/97   90.0    11.250        140.83
  SBC47   10268006593       46,400.00   01/01/97   12/01/11   178.72   02/01/97   80.0     9.990        406.85
  SBC47   10268006633       89,974.73   12/01/96   11/01/11   177.73   01/01/97   30.8    12.690      1,120.42
  SBC47   10268006680       33,358.58   01/02/97   12/02/11   178.75   02/02/97   64.4     9.150        342.78
  SBC47   10268006891      197,570.00   01/04/97   12/04/26   358.82   02/04/97   85.9    10.250      1,770.43
  SBC47   10268006917       62,400.00   01/02/97   12/02/11   178.75   01/02/97   80.0    10.400        566.14
          -----------  --------------                      ---------              ----------------------------
                74       4,377,349.27                         192.33              79.3    11.707     47,484.41
</TABLE>

<PAGE>

Alliance Funding Company                                         Page 9  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                              - Settlement 1/10/97

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
  SBC48   10268001612 HOFER GEORGE P              22 JACKSON DR                     DANBURY                 CT  06811     107,900.00
  SBC48   10268003245 ROHLEHR LENA NUNES          3417 AVENUE K                     BROOKLYN                NY  11210     195,500.00
  SBC48   10268004055 MERLA JOHN J                104 WASHINGTON ST                 KEYPORT                 NJ  07735     129,180.00
  SBC48   10268004437 HUGH DERMOT                 2229 CORNAGA AVENUE               FAR ROCKAWAY            NY  11691      40,000.00
  SBC48   10268004445 WALLACH ROY F               1 PADDOCK LANE                    SUFFERN                 NY  10901      18,000.00
  SBC48   10268004642 MCCRORY ALAN M              3062 SOPER RD                     HUNTINGTOWN             MD  20639      43,400.00
  SBC48   10268004799 WEBER PAUL                  176 HONOCO ROAD                   GENOA                   NY  13071      97,750.00
  SBC48   10268005529 SMITH SCOTT P               1505 NW 96TH ST                   VANCOUVER               WA  98665     108,900.00
  SBC48   10268005623 STEINHAUS CHRISTINA K       520 PINE VALLEY DRIVE             MARIETTA                GA  30067      88,900.00
  SBC48   10268006669 VICHIOLA ARTHUR W           297 WHITE PLAINS RD               TRUMBULL                CT  06611      19,000.00
          ----------------------------------------                                                                      ------------
                10    Sale Total                                                                                          848,530.00

<CAPTION>

                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
  SBC48   10268001612      107,900.00   11/15/96   10/15/11   177.17   12/15/96   65.0    13.500      1,235.90
  SBC48   10268003245      195,500.00   09/13/96   08/13/11   175.10   12/13/96   85.0    10.500      1,788.32
  SBC48   10268004055      129,038.65   12/06/96   11/06/11   177.90   02/06/97   75.9    13.250      1,454.27
  SBC48   10268004437       40,000.00   12/08/96   11/08/11   177.96   01/08/97   77.5    10.500        365.90
  SBC48   10268004445       18,000.00   12/20/96   11/20/11   178.36   12/20/96   85.0    12.350        190.01
  SBC48   10268004642       43,400.00   01/03/97   12/03/11   178.78   01/03/97   84.6    10.500        479.74
  SBC48   10268004799       97,750.00   12/27/96   11/27/11   178.59   01/27/97   85.0     9.600        829.08
  SBC48   10268005529      108,900.00   12/27/96   11/27/16   238.59   01/27/97   90.0    11.250      1,142.64
  SBC48   10268005623       88,900.00   12/22/96   11/22/11   178.42   01/22/97   84.9    12.750      1,110.22
  SBC48   10268006669       18,969.59   01/02/97   12/02/11   178.75   02/02/97   84.7    13.250        243.53
          -----------  --------------                      ---------              ----------------------------
                10         848,358.24                         185.16              81.3    11.629      8,839.61
</TABLE>

<PAGE>

Alliance Funding Company                                        Page 10  1/13/97
A division of Superior Bank FSB                                        

                                  Sale Schedule
        1996-4 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages
                              - Settlement 1/10/97

<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                 Zip     Balance at
 Sale ID    Account      Name                        Address                           City               State Code     Origination
- ------------------------------------------------------------------------------------------------------------------------------------
  <S>     <C>         <C>                         <C>                               <C>                    <C>  <C>       <C>
 SBCL10   10266127495 GARCED HECTOR A             172 SOUTH LEXINGTON AVENUE        WHITE PLAINS            NY  10606     190,000.00
 SBCL10   10266128643 TALAVERA CARLOS EFRAIM      141 ESSEX STREET                  NEW YORK                NY  10002     247,500.00
 SBCL10   10266129689 PALAZZA LOUIS               633-635 RIDGE ROAD                LACKAWANNA              NY  14218      82,250.00
 SBCL10   10266129903 COPPOLA RICHARD             45-47 OLD TURNPIKE ROAD           SOUTHINGTON             CT  06489     136,000.00
 SBCL10   10266130689 VERDAGUER GLENN             142 WOODWORTH AVENUE              YONKERS                 NY  10701     351,300.00
 SBCL10   10266131806 BADI LAWRENCE J SR          860 EASTERN AVENUE                SCHENECTADY             NY  12308      78,000.00
 SBCL10   10266132646 BORAH COURTNEY              1052 WINTHROP STREET              BROOKLYN                NY  11212     185,250.00
 SBCL10   10266134228 GREAVES DOUG                1809 SAINT JOHNS PLACE            BROOKLYN                NY  11213     130,000.00
 SBCL10   10266136673 HENRIQUEZ ENRIQUE           22-24-26 MAIN STREET              HAVERSTRAW              NY  10927      80,000.00
 SBCL10   10266137480 VALME GERALD                2621 NEW KIRK AVENUE              BROOKLYN                NY  11226     150,000.00
 SBCL10   10266137554 PASTORE RICHARD S           11 PEARL STREET                   PORT CHESTER            NY  10573     220,000.00
 SBCL10   10266137962 RUBEN ROSA                  32 MELROSE STREET                 BROOKLYN                NY  11206     100,000.00
 SBCL10   10266138034 CHARLES RONALD H            84-94 ELIZABETH STREET            BRIDGEPORT              CT  06610     100,750.00
          ----------------------------------------                                                                      ------------
                13    Sale Total                                                                                        2,051,050.00
               380    Total with Superior Bank                                                                         20,434,445.00
               380    Grand Total                                                                                      20,434,445.00

<CAPTION>

                          Cut-off Date    First                                 Original Current     Scheduled
                            Principal    Payment   Maturity    Rem       Date     LTV    Mortgage      Payment
 Sale ID    Account          Balance      Date       Date      Term      Due     Ratio    Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------
  <S>     <C>              <C>          <C>        <C>        <C>      <C>        <C>     <C>        <C>
 SBCL10   10266127495      190,000.00   02/01/97   01/01/12   179.74   02/01/97   63.3    11.100      2,171.48
 SBCL10   10266128643      247,081.35   01/01/97   12/01/11   178.72   02/01/97   55.0    13.750      3,254.59
 SBCL10   10266129689       82,198.71   01/01/97   12/01/11   178.72   02/01/97   70.0    11.100        812.10
 SBCL10   10266129903      135,938.38   01/01/97   12/01/11   178.72   02/01/97   65.7    12.900      1,523.62
 SBCL10   10266130689      351,300.00   01/01/97   12/01/11   178.72   01/01/97   60.0    13.200      4,015.08
 SBCL10   10266131806       78,000.00   02/01/97   01/01/12   179.74   02/01/97   55.7    11.600        798.56
 SBCL10   10266132646      185,250.00   01/01/97   12/01/11   178.72   01/01/97   65.0    12.990      2,087.92
 SBCL10   10266134228      129,729.75   01/01/97   12/01/11   178.72   02/01/97   65.0    11.600      1,526.92
 SBCL10   10266136673       80,000.00   02/01/97   01/01/12   179.74   02/01/97   48.4    11.100        914.31
 SBCL10   10266137480      149,933.13   01/01/97   12/01/11   178.72   02/01/97   50.0    12.990      1,690.62
 SBCL10   10266137554      220,000.00   01/01/97   12/01/11   178.72   01/01/97   65.6    11.100      2,172.17
 SBCL10   10266137962       98,857.11   01/01/97   12/01/11   178.72   01/01/97   69.4    11.100      1,142.88
 SBCL10   10266138034       98,387.16   10/17/96   09/17/11   176.25   04/17/97   55.9    12.900      1,106.63
          -----------  --------------                      ---------              ----------------------------
                13       2,046,675.59                         178.77              60.8    12.347     23,216.88
               380      20,410,321.79                         207.48              76.8    11.794    220,435.29
               380      20,410,321.79                         207.48              76.8    11.794    220,435.29
</TABLE>



                   SUBSEQUENT TRANSFER INSTRUMENT NUMBER TWO

     Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
January 22, 1997, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of December 1, 1996, among Superior
Bank FSB, as Depositor, Lee Servicing Company, a Division of Superior Bank FSB,
as Servicer, and LaSalle National Bank, as Trustee (the "Pooling and Servicing
Agreement"), the Depositor and the Trustee agree to the sale by the Depositor
and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").

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

     Section 1. CONVEYANCE OF SUBSEQUENT MORTGAGE LOANS.

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

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

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

                                        1

<PAGE>



     Section 2. REPRESENTATIONS AND WARRANTIES; CONDITIONS PRECEDENT.

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

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

     Section 3. RECORDATION OF INSTRUMENT.

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

     Section 4. GOVERNING LAW.

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

     Section 5. COUNTERPARTS.

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


                                        2


<PAGE>



         Section 6. SUCCESSORS AND ASSIGNS.

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


                                   SUPERIOR BANK FSB

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


                                   AFC MORTGAGE LOAN ASSET
                                   BACKED CERTIFICATES, SERIES 1996-4

                                   By: LASALLE NATIONAL BANK,
                                         as Trustee

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

ATTACHMENTS

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


                                        3


<PAGE>



           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-4
                 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
                            NUMBER TWO FOR SUB-POOL 2
                                  Series 1996-4
                                January 22, 1997

A.

     1.  Subsequent Cut-off Date:                              January 21, 1997
     2.  Pricing Date:
     3.  Subsequent Transfer Date:                             January 22, 1997
     4.  Aggregate Principal Balance of the Subsequent
           Mortgage Loans as of the Subsequent Cut-off Date:   $17,111,761.94
     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                             $__________

     [As to the final transfer of Subsequent Mortgage Loans:]
     6.  Weighted Average Term since Origination:              0.85 months
     7.  April 1997 first payment date:                        -0-
     8.  WAC of all Mortgage Loans:                            10.2236%
     9.  WAM of all Mortgage Loans:                            358.82 months
     10. Maximum Weighted average LTV:                         79.98%
     11. Balloon Loans:                                        _____%
     12. Largest Principal Balance:                            $749,650.09
     13. Non-owner occupied Mortgaged Properties:              2.35%
     14. Maximum zip code concentration:                       2.02%
     15. Condominiums:                                         0.94%
     16. Single-family:                                        85.93%
     17. Multifamily and Mixed Use Properties:                 -0-%


                                        4


<PAGE>



                                 ADDITION NOTICE

                                                         Date:  January 22, 1997

LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603

         Re:  Pooling and Servicing Agreement, dated as of December 1, 1996,
              between Superior Bank FSB, as seller (the "Depositor"), LaSalle
              National Bank as trustee (the "Trustee") and Lee Servicing
              Company, a division of the Depositor, as servicer, relating to AFC
              Mortgage Loan Asset Backed CERTIFICATES, SERIES 1996-4 SUB-POOL 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 January 22, 1997, with an aggregate principal balance of
$17,000,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.

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

                                      Very truly yours,
*Approximate

                                      SUPERIOR BANK FSB

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


ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By: /s/ SHASHANK MISHRA
   -------------------------------
   Name:  Shashank Mishra
   Title: Vice President
   Date:  January 22, 1997


<PAGE>


                              OFFICER'S CERTIFICATE

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

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

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

     IN WITNESS WHEREOF, I have hereunto signed my name.


Dated: January 22, 1997    By: /s/ WILLIAM BRACKEN
                               ----------------------------------
                               Name:  William C. Bracken
                               Title: Senior Vice President and
                                      Chief Financial Officer



<PAGE>

Alliance Funding Company                                          Page 1 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule A
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97
<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                  Zip     Balance at
 Sale ID     Account      Name                     Address                           City                 State  Code    Origination
- ------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                                  <C>                               <C>                      <C>   <C>      <C>       
  SB551    10216123916 ORTIZ THOMAS             59 WOODLAND AVENUE                WEST ORANGE              NJ    07052    276,000.00
  SB551    10216125624 CASTRO EDGAR             2 HEATHER LANE                    ORANGEBURG               NY    10962    160,000.00
  SB551    10216130934 BLEVINS RICHARD          114 YUNKER COURT                  ELYRIA                   OH    44035     73,500.00
  SB551    10216131876 MARABITO PATRICIA M      200 N ROLLING ROAD                SPRINGFIELD              PA    19064    113,000.00
  SB551    10216132232 MARTIN SCOTT M           331 NORTH PARK AVENUE             AURORA                   IL    60506     70,400.00
  SB551    10216132263 HOVATTER JENNIFER L      2915 NORTHLAND                    CUYAHOGA FALLS           OH    44221     72,000.00
  SB551    10216133071 HARRIS BONNIE            1608 16TH AVENUE                  MAYWOOD                  IL    60153    112,500.00
  SB551    10216133095 STEFOS STEPHEN           25879 DUMAS                       FARMINGTON HILLS         MI    48335    170,000.00
  SB551    10216135059 PALMER KIM               1107 N. WILKE RD.                 ARLINGTON HEIGHTS        IL    60004     87,300.00
  SB551    10216135221 BOGART TONY VAN DEN      2372 MAPLE GROVE SCHOOL ROAD      OCONTO                   WI    54153     28,600.00
  SB551    10216135386 ASHLEY AUGUSTUS B        21370 FULLER AVENUE               EUCLID                   OH    44123     65,200.00
  SB551    10216135632 AMEZCUA SERGIO           9846 S. EWING AVENUE              CHICAGO                  IL    60617     73,100.00
  SB551    10216135784 GREINER KERY W           4068 MISSION BELL                 LAS CRUCES               NM    88011    116,910.00
  SB551    10216135907 DRUMMOND RICHARD A       3223 64TH AVENUE SW               SEATTLE                  WA    98116    172,550.00
  SB551    10216136127 HOWELL DENNIS LEE        3681 WEST BLUE FOX CIRCLE         SALT LAKE CITY           UT    84118     93,500.00
  SB551    10216136151 CRUZ MAYNARD DE LA       1067 LOUPE AVENUE                 SAN JOSE                 CA    95121    204,000.00
  SB551    10216136318 THIEL ROBERT L           4425 LYNNDALE STREET              SAGINAW                  MI    48603     73,800.00
  SB551    10216136412 WEEKLY RALPH             3250 PLATTE TRAIL                 OLYMPIA FIELDS           IL    60461    360,000.00
  SB551    10216136423 ZIEGLER OSCAR J          10945 CHERRY HILL ROAD            YPSILANTI                MI    48198     78,300.00
  SB551    10216136559 JACOBS DONALD J          9600 SE EMERALD DRIVE             PORT ORCHARD             WA    98366     96,800.00
  SB551    10216136788 MULLIGAN JOSEPH F        56 FOREST LAKES DRIVE             BAYFIELD                 CO    81122     97,600.00
  SB551    10216136895 BUTLER ALFLOYD           17707 GRANDVIEW DRIVE             HAZEL CREST              IL    60429    109,600.00
  SB551    10216136896 MATA MARIO M             423 NORTH AVENUE                  LOCKPORT                 IL    60441     81,000.00
  SB551    10216136970 LIPTRAP RICHARD A        3246 CHARLES STREET               FALLSTON                 MD    21047     95,000.00
  SB551    10216137201 WATKINS ROBIN L H        2924 SANTA CRUZ SE                ALBUQUERQUE              NM    87106     97,750.00
  SB551    10216137248 CURTIN KATHI M           1925 LORETTA LANE                 MADISON                  WI    53716     87,900.00
  SB551    10216137424 AL-DIRAJI ALA            1715 E. MILTON                    HAZEL PARK               MI    48030     40,400.00
  SB551    10216137443 BROWN CARY               6638 EAST 46TH STREET             INDIANAPOLIS             IN    46226     58,500.00
  SB551    10216137470 SANCHEZ MARCELINO D      818 WEST WEDWICK STREET           TUCSON                   AZ    85706     30,225.00
  SB551    10216137523 YOUNG THERESA J          7984 PINEHILL ROAD                FRANKFORT                IL    60423    120,000.00
  SB551    10216137530 GODINEZ LINDA            7306 N. WINCHESTER, UNIT 202      CHICAGO                  IL    60626     15,000.00
  SB551    10216137805 BUSTAMANTE ETELVERTO     5014 W. 13TH STREET               CICERO                   IL    60650     96,300.00
  SB551    10216137828 SAAD ALI H               7261-63 REUTER                    DEARBORN                 MI    48126    114,300.00
  SB551    10216137886 IVERSON VERN W           470 KIELY BOULEVARD               SANTA CLARA              CA    95051    267,750.00
  SB551    10216137889 WILKERSON ROGER C        6058 CHESBRO AVENUE               SAN JOSE                 CA    95123    184,000.00
  SB551    10216137905 WILLIAMS KIMBERLY T      1346 WEST 112TH PLACE             CHICAGO                  IL    60643     52,500.00
  SB551    10216138055 ANSELMO JOSEPH           176 SOUTH 200 EAST                ELMO                     UT    84521     40,000.00
  SB551    10216138158 HAGER BONNIE             281 S. VILLA                      ELMHURST                 IL    60126    112,000.00
  SB551    10216138179 BEYDOUN MOHAMAD A        8308 DALE                         DEARBORN HEIGHTS         MI    48127     75,300.00
  SB551    10216138359 BOYLE SUSAN P            6515 N 80TH AVENUE                GLENDALE                 AZ    85303     81,000.00
  SB551    10216138398 WOLSKI JOHN A            6950 FOREST PRESERVE DRIVE        NORRIDGE                 IL    60634     27,000.00
  SB551    10216138401 GONZALEZ NORMA L         2146 WEST ADDISON                 CHICAGO                  IL    60618    157,200.00
  SB551    10216138409 ELBERT ANDREW C JR       1724 LAKE AVENUE                  WILMETTE                 IL    60091    270,000.00
  SB551    10216138507 JARRELL GAYLE E          4504 WEST ONYX AVENUE             GLENDALE                 AZ    85302     72,000.00
  SB551    10216138531 PODMORE CLYDE H          10097 NORTH 425 WEST              MICHIGAN CITY            IN    46360     80,000.00
  SB551    10216138540 SANTANA JOSE             1934 W. SUPERIOR STREET           CHICAGO                  IL    60622    144,000.00
  SB551    10216138603 TROQUATO GEORGE J        2790 HAY LOFT WAY                 MORGAN HILL              CA    95037    252,000.00
  SB551    10216138679 ALWATAN ABBAS            5814 ELMER                        DETROIT                  MI    48210     30,600.00
  SB551    10216138772 SUGUITAN MARCIAL A       34 S GREENVIEW STREET             MUNDELEIN                IL    60060    180,000.00
  SB551    10216138784 KELLEY BOBBIE G          2134 N. AUBURN ST.                SPEEDWAY                 IN    46224     73,100.00
  SB551    10216138863 JACQUES MAE LOUISE       24409 LEHIGH                      DEARBORN                 MI    48125     25,000.00
  SB551    10216138940 HILLMAN GARY J           1846 N FREMONT STREET             CHICAGO                  IL    60614    360,000.00
  SB551    10216138990 MOORE CHARLES            520 SOUTH 100 WEST                SALINA                   UT    84654     45,000.00
  SB551    10216139161 WILLMORE ANN AVERETT     85 NORTH 200 WEST                 SPRINGVILLE              UT    84663     94,000.00
  SB551    10216139162 BUTA PHILIP J            20 WEST YEARLING AVENUE           PHOENIX                  AZ    85027    168,000.00
  SB551    10216139459 JOHNSON DAVID P          557 W PABOR WAY #1                FRUITA                   CO    81521     42,750.00
  SB551    10216139526 AMBROSE JOHN M           133 EAST IVY DRIVE                MIDVALE                  UT    84047     56,700.00
  SB551    10216139542 SCHIFFER FRED            11019 EAST CRESCENT AVENUE        APACHE JUNCTION          AZ    85220     59,200.00
  SB551    10216139855 OCAMPO NILO SR           37644 TERICREST DRIVE             STERLING HEIGHTS         MI    48310    126,700.00
  SB551    10216139857 MARTIN RUSSELL W         46200 MCBRIDE                     BELLEVILLE               MI    48111     54,000.00
  SB551    10216139918 LOVELAND STERLING G      7404 WEST MARYLAND AVENUE         GLENDALE                 AZ    85303     68,800.00

<CAPTION>
                        Cut-off Date    First               Initial  Minimum  Maximum
                         Principal     Payment   Maturity  Mortgage Mortgage  Mortgage  Gross
 Sale ID     Account      Balance       Date       Date      Rate     Rate      Rate    Margin
- -----------------------------------------------------------------------------------------------
<S>        <C>            <C>          <C>       <C>        <C>      <C>       <C>       <C>  
  SB551    10216123916    275,532.37   11/01/96  10/01/26    8.875    8.875    14.875    5.500
  SB551    10216125624    159,339.53   11/01/96  10/01/26   11.875   11.875    17.875    8.000
  SB551    10216130934     73,500.00   01/01/97  12/01/26   11.000   10.000    17.000    6.000
  SB551    10216131876    113,000.00   02/01/97  01/01/27    9.750    8.750    15.750    6.000
  SB551    10216132232     70,325.29   12/01/96  11/01/26   11.375   11.375    17.375    7.500
  SB551    10216132263     71,950.45   12/01/96  11/01/26    7.875    7.875    13.875    3.750
  SB551    10216133071    112,500.00   02/01/97  01/01/27    9.375    9.375    15.375    5.750
  SB551    10216133095    170,000.00   01/01/97  12/01/26    9.875    9.875    15.875    6.250
  SB551    10216135059     87,268.87   01/01/97  12/01/26   11.000   11.000    17.000    6.750
  SB551    10216135221     28,600.00   01/01/97  12/01/26   11.000   10.000    17.000    6.000
  SB551    10216135386     65,200.00   02/01/97  01/01/27   10.250    9.250    16.250    5.750
  SB551    10216135632     73,100.00   02/01/97  01/01/27   10.875    9.875    16.875    6.250
  SB551    10216135784    116,868.31   01/01/97  12/01/26   11.000   10.000    17.000    6.750
  SB551    10216135907    172,550.00   02/01/97  01/01/27   10.500    9.500    16.500    6.250
  SB551    10216136127     93,500.00   02/01/97  01/01/27   12.000   11.000    18.000    7.250
  SB551    10216136151    203,925.25   01/01/97  12/01/26   10.875   10.875    16.875    7.500
  SB551    10216136318     73,800.00   02/01/97  01/01/27   10.250    9.250    16.250    5.750
  SB551    10216136412    360,000.00   02/01/97  01/01/27   12.500   11.500    18.500    7.500
  SB551    10216136423     78,300.00   02/01/97  01/01/27   11.000   10.000    17.000    6.000
  SB551    10216136559     96,800.00   02/01/97  01/01/27    9.625    8.625    15.625    5.250
  SB551    10216136788     97,561.21   01/01/97  12/01/26   10.500    9.500    16.500    6.250
  SB551    10216136895    109,600.00   02/01/97  01/01/27   12.500   11.500    18.500    7.500
  SB551    10216136896     80,963.20   01/01/97  12/01/26    9.875    8.875    15.875    5.000
  SB551    10216136970     95,000.00   02/01/97  01/01/27    9.750    8.750    15.750    5.250
  SB551    10216137201     97,750.00   02/01/97  01/01/27   10.750    9.750    16.750    6.500
  SB551    10216137248     87,900.00   02/01/97  01/01/27    9.000    8.000    15.000    4.500
  SB551    10216137424     40,361.13   01/01/97  12/01/26    9.625    9.625    15.625    5.750
  SB551    10216137443     58,471.98   01/01/97  12/01/26    9.625    9.625    15.625    5.750
  SB551    10216137470     30,215.86   01/01/97  12/01/26   11.750   10.750    17.750    7.750
  SB551    10216137523    120,000.00   02/01/97  01/01/27   11.000   10.000    17.000    6.000
  SB551    10216137530     15,000.00   02/01/97  01/01/27   11.000   10.000    17.000    6.000
  SB551    10216137805     96,092.47   02/01/97  01/01/27    9.875    8.875    15.875    5.000
  SB551    10216137828    114,300.00   01/01/97  12/01/26   10.250    9.250    16.250    5.750
  SB551    10216137886    267,073.29   02/01/97  01/01/27   10.250    9.250    16.250    6.000
  SB551    10216137889    184,000.00   02/01/97  01/01/27   12.375   11.375    18.375    8.000
  SB551    10216137905     52,215.76   12/01/96  11/01/26   10.875   10.875    16.875    7.500
  SB551    10216138055     40,000.00   02/01/97  01/01/27   11.750   10.750    17.750    7.000
  SB551    10216138158    112,000.00   02/01/97  01/01/27    9.750    8.750    15.750    5.250
  SB551    10216138179     75,300.00   01/01/97  12/01/26    8.625    8.625    14.625    5.000
  SB551    10216138359     81,000.00   02/01/97  01/01/27    9.125    9.125    15.125    5.750
  SB551    10216138398     27,000.00   02/01/97  01/01/27    9.625    8.625    15.625    5.000
  SB551    10216138401    157,200.00   02/01/97  01/01/27   10.875    9.875    16.875    6.250
  SB551    10216138409    270,000.00   02/01/97  01/01/27   10.250    9.250    16.250    5.750
  SB551    10216138507     72,000.00   02/01/97  01/01/27   10.625   10.625    16.625    7.250
  SB551    10216138531     80,000.00   02/01/97  01/01/27   10.500    9.500    16.500    5.750
  SB551    10216138540    144,000.00   02/01/97  01/01/27   12.500   11.500    18.500    7.750
  SB551    10216138603    252,000.00   02/01/97  01/01/27    9.625    9.625    15.625    6.250
  SB551    10216138679     30,584.54   01/01/97  12/01/26    9.375    9.375    15.375    5.750
  SB551    10216138772    180,000.00   02/01/97  01/01/27   13.250   12.250    19.250    8.500
  SB551    10216138784     73,100.00   02/01/97  01/01/27   11.250   10.250    17.250    6.750
  SB551    10216138863     25,000.00   02/01/97  01/01/27   11.000   10.000    17.000    6.000
  SB551    10216138940    360,000.00   02/01/97  01/01/27   11.875   11.875    17.875    8.500
  SB551    10216138990     45,000.00   02/01/97  01/01/27   12.000   11.000    18.000    6.750
  SB551    10216139161     94,000.00   02/01/97  01/01/27   11.625   10.625    17.625    6.900
  SB551    10216139162    168,000.00   02/01/97  01/01/27    9.625    9.625    15.625    6.250
  SB551    10216139459     42,750.00   02/01/97  01/01/27    9.375    8.375    15.375    4.750
  SB551    10216139526     56,700.00   02/01/97  01/01/27   10.625   10.625    16.625    7.250
  SB551    10216139542     59,200.00   02/01/97  01/01/27    9.625    9.625    15.625    6.250
  SB551    10216139855    126,700.00   02/01/97  01/01/27   10.000    9.000    16.000    5.500
  SB551    10216139857     54,000.00   02/01/97  01/01/27    9.000    8.000    15.000    4.500
  SB551    10216139918     68,800.00   02/01/97  01/01/27   10.500    9.500    16.500    6.250
</TABLE>
<PAGE>

Alliance Funding Company                                          Page 2 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule A
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97
<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                  Zip     Balance at
 Sale ID     Account      Name                     Address                           City                 State  Code    Origination
- ------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                                  <C>                               <C>                      <C>   <C>      <C>       
  SB551    10216140181 FURNISS KATHLEEN J       4985 BURCH CREEK DRIVE            SOUTH OGDEN              UT    84403     50,000.00
  SB551    10216140485 CHARLESTON DEBORAH R     1061 WEST 79TH PLACE              DENVER                   CO    80221    107,600.00
           -------------------------------------                                                                        ------------
                63     Sale Total                                                                                       6,897,235.00

<CAPTION>
                        Cut-off Date    First               Initial  Minimum  Maximum
                         Principal     Payment   Maturity  Mortgage Mortgage  Mortgage  Gross
 Sale ID     Account      Balance       Date       Date      Rate     Rate      Rate    Margin
- -----------------------------------------------------------------------------------------------
<S>        <C>            <C>          <C>       <C>        <C>      <C>       <C>       <C>  
  SB551    10216140181     50,000.00   02/01/97  01/01/27    9.500    8.500    15.500    5.250
  SB551    10216140485    107,600.00   02/01/97  01/01/27   11.375   10.375    17.375    7.000
           -----------  ------------                        ----------------------------------
                63      6,894,499.51                        10.673   10.030    16.673    6.469
</TABLE>
<PAGE>

Alliance Funding Company                                          Page 3 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule A
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97
<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                  Zip     Balance at
 Sale ID     Account      Name                     Address                           City                 State  Code    Origination
- ------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                                  <C>                               <C>                      <C>   <C>      <C>       
  SBC552   10218001463 CEYLAN DENHO             153 3RD ST                        BERGENFIELD              NJ    07621    134,400.00
  SBC552   10218001537 PROVVIDENZA SCOTT V      84 CHURCHVIEW LN                  PITTSFORD                NY    14534    178,500.00
  SBC552   10218001560 ANTHONY JOSEPH S         1861 ALABAMA AVENUE SE            WASHINGTON               DC    20020     75,200.00
  SBC552   10218001682 KERNAN MELLA M           13 BAYBERRY LN                    WESTPORT                 CT    06880    412,000.00
  SBC552   10218001959 BOLTUCH RUBIN            44 CRESCENT CIR                   ROCK HILL                NY    12775     60,000.00
  SBC552   10218002228 ANGEL PEDRO DEL          507 VAN SICKLEN ST                BROOKLYN                 NY    11223    168,000.00
  SBC552   10218002424 PIETRAK DOUGLAS          66 ROUTE                          GHENT                    NY    12075     73,600.00
  SBC552   10218002652 SIMS ROBERT              115 ABINGDON AVE                  STATEN ISLAND            NY    10308    233,200.00
  SBC552   10218002705 HARRISON THOMAS R        131 NORWALK AVE                   MEDFORD                  NY    11763     82,400.00
  SBC552   10218002771 ZUNIGA AMOUR             33 WILLIAMSON RD                  BERGENFIELD              NJ    07621    125,500.00
  SBC552   10218002885 PULLIAM ERIC T           840 SPRUCE DRIVE                  WILMINGTON               DE    19801     45,900.00
  SBC552   10218002970 ROSSI LINDA              662 56TH ST                       BROOKLYN                 NY    11220    150,500.00
  SBC552   10218003120 VARGAS FAUSTO            34-28 92ND STREET                 JACKSON HEIGHTS          NY    11372    222,300.00
  SBC552   10218003204 MALAFRONTE JOSEPH        430 RIDGEWOOD AVE                 STATEN ISLAND            NY    10312    120,000.00
  SBC552   10218003278 QUIZHPI LUIS S           100-12 40TH ROAD                  CORONA                   NY    11368    238,500.00
  SBC552   10218003353 TELYMONDE LOUIS J        299 CHANDLER RD                   JACKSON                  NJ    08527    138,500.00
  SBC552   10218003364 MORSE MARY ANN           82 OXHEAD RD                      CENTEREACH               NY    11720     75,000.00
  SBC552   10218003369 OCONNOR THOMAS R         1166 HAMILTON AVE                 WATERBURY                CT    06706     76,500.00
  SBC552   10218003390 LEFKOWITZ RISA           88 OVERLOOK TER                   LEONIA                   NJ    07605    111,000.00
  SBC552   10218003701 TRUSS CAROLYN J          7220 G ST                         SEAT PLEASANT            MD    20743     92,772.00
  SBC552   10218003713 BARNHART PHYLISS J       1905 ALLENDALE CT                 LANDOVER                 MD    20785     61,600.00
  SBC552   10218003831 JOHNSON MARY             27 WOLCOTT TER                    NEWARK                   NJ    07112     79,950.00
  SBC552   10218003867 MEDLEY KATHA L           2506 LARRY AVE                    FORT WASHINGTON          MD    20744    108,000.00
  SBC552   10218003881 CIVITELLO JAMES A        1007 ECHO LAKE RD                 WATERTOWN                CT    06795    112,500.00
  SBC552   10218003914 RINDNER MARK H           2068 STANLEY TERRACE              UNION                    NJ    07083    127,500.00
  SBC552   10218003948 MELLINA ROBERT           1590 GARY ST                      EAST MEADOW              NY    11554    175,000.00
  SBC552   10218003979 PAULINO LUIS R           843 THROGGS NECK EXPY             BRONX                    NY    10465    274,500.00
  SBC552   10218004006 PRESTIA JOHN             9 FARMTREE RD                     MANALAPAN                NJ    07726    158,000.00
  SBC552   10218004058 WILLIAMS HENRY           115 CHATHAM ST                    HARTFORD                 CT    06112     61,000.00
  SBC552   10218004084 FLOREZ GUSTAVO           37 SHERMAN ST                     STAMFORD                 CT    06902    200,000.00
  SBC552   10218004192 TURDIU PARID             6021 KENNEDY BLVD E               WEST NEW YORK            NJ    07093    240,000.00
  SBC552   10218004215 BUONINCONTRI LOUIS       171 BUTLER AVE                    STATEN ISLAND            NY    10307    197,910.00
  SBC552   10218004248 SWALLER RHODA M          28 SWALLER HILL ROAD              SHARON                   CT    06069     96,800.00
  SBC552   10218004263 WHALEN ROBERT            46 HOLLOWBROOK ROAD               LAKE PEEKSKILL           NY    10537    118,150.00
  SBC552   10218004290 ZOHAR POLINA             28 -01 MADISON TER                FAIR LAWN                NJ    07410    117,000.00
  SBC552   10218004331 SKORUPA ROBERT           9 LANNIGAN DR                     LAWRENCEVILLE            NJ    08648    174,400.00
  SBC552   10218004404 CHASTAIN HUBERT LAMAR    608 WEST JERSEY AVENUE            BRANDON                  FL    33510     92,000.00
  SBC552   10218004449 RIMPLE JACQUELINE        21703 134TH RD                    LAURELTON                NY    11413    124,000.00
  SBC552   10218004471 LYDEM WAYNE D            41 COLONY STREET                  SEYMOUR                  CT    06483    101,600.00
  SBC552   10218004522 HELMS JANET              1633 MONTAGUE ST NW               WASHINGTON               DC    20011    174,000.00
  SBC552   10218004532 OVADIA DRORA SHALMONI    180 PARK PL                       BROOKLYN                 NY    11238    240,000.00
  SBC552   10218004617 WU WINNIE HAI YAN        12 -07 FAIRCLOUGH PL              FAIR LAWN                NJ    07410    150,500.00
  SBC552   10218004717 CUBA ROBERT              62 GARY PL                        STATEN ISLAND            NY    10314    180,000.00
  SBC552   10218004722 FREIDFERTIG SHLOMO       21 WINDMILL LN                    SCARSDALE                NY    10583    314,300.00
  SBC552   10218004764 SMALLWOOD CONSTANCE E    40081 THOMAS MILL RD              LEESBURG                 VA    20175    500,000.00
  SBC552   10218004783 BAEHR WILLIAM R          537 MALLARD DR                    CHAPIN                   SC    29036    103,160.00
  SBC552   10218004907 ROBBINS ANN MARIE        6087 115TH AVENUE NORTH           PINELLAS PARK            FL    34666     70,500.00
  SBC552   10218004952 JOHNSON KURT T           221 WOODCHUCK LN                  HARWINTON                CT    06791    162,000.00
  SBC552   10218005061 REID DELORES             1077-1079 18TH AVENUE             NEWARK                   NJ    07106     65,600.00
  SBC552   10218005211 PARKER LOUISE L          113 WARMSTONE PATH                PEACHTREE CITY           GA    30269    132,000.00
  SBC552   10218005232 CLARKE EDWARD            663 EAST 87TH STREET              BROOKLYN                 NY    11236    180,000.00
  SBC552   10218005263 GAUDIO MICHAEL DAVID     761 OXFORD RD                     OXFORD                   CT    06478     73,000.00
  SBC552   10218005486 KLEBANOFF MICHAEL        2 FREELAND FARMS ROAD             CANTON                   CT    06019    152,100.00
  SBC552   10218005510 RINALDI NICHOLAS         48 DEEPWOOD DR                    WOLCOTT                  CT    06716    145,350.00
  SBC552   10218005522 KLEIN CHARLES U          2045 JEFFERSON AVENUE             DUNEDIN                  FL    34698     72,000.00
  SBC552   10218005601 COLE EMERICA E           37 LINDEN AVE                     OSSINING                 NY    10562    110,000.00
  SBC552   10218005615 HENDERSON STEPHEN        215 BROAD AVE                     LEONIA                   NJ    07605    440,000.00
  SBC552   10218005631 PEIFFER MICHELLE D.      6217 WESTRIDGE TRACE              ACWORTH                  GA    30102     76,000.00
  SBC552   10218005686 STEVENS DAVID T          590 BEECHER RD                    WOLCOTT                  CT    06716    140,250.00
  SBC552   10218005764 MALICK DOUGLAS T         38 WILLIAM ST                     SHELTON                  CT    06484    144,500.00
  SBC552   10218006098 RESCIGNO CHRISTOPHER     575-577 WASHINGTON AVE            WATERBURY                CT    06708     62,900.00

<CAPTION>
                        Cut-off Date    First               Initial  Minimum  Maximum
                         Principal     Payment   Maturity  Mortgage Mortgage  Mortgage  Gross
 Sale ID     Account      Balance       Date       Date      Rate     Rate      Rate    Margin
- -----------------------------------------------------------------------------------------------
<S>        <C>            <C>          <C>       <C>        <C>      <C>       <C>       <C>  
  SBC552   10218001463    134,324.65   01/01/97  12/01/26    8.875    8.875    14.875    6.250
  SBC552   10218001537    178,291.04   11/01/96  10/01/26   10.625   10.625    16.625    6.750
  SBC552   10218001560     75,151.40   11/01/96  10/01/26   11.500   11.500    17.500    7.500
  SBC552   10218001682    411,791.94   01/01/97  12/01/26    9.375    9.375    15.375    6.250
  SBC552   10218001959     59,942.28   12/01/96  11/01/26   10.625    9.625    16.625    6.375
  SBC552   10218002228    168,000.00   02/01/97  01/01/27   12.000   11.000    18.000    7.250
  SBC552   10218002424     73,600.00   01/01/97  12/01/26   11.125   11.125    17.125    8.500
  SBC552   10218002652    233,200.00   01/01/97  12/01/26   10.375    9.375    16.375    6.125
  SBC552   10218002705     82,400.00   01/01/97  12/01/26    9.375    9.375    15.375    6.250
  SBC552   10218002771    125,457.63   01/01/97  12/01/26   11.250   11.250    17.250    7.250
  SBC552   10218002885     45,900.00   02/01/97  01/01/27    8.625    8.625    14.625    5.000
  SBC552   10218002970    150,500.00   02/01/97  01/01/27    9.375    8.375    15.375    4.750
  SBC552   10218003120    222,206.78   01/01/97  12/01/26   10.250    9.250    16.250    5.750
  SBC552   10218003204    120,000.00   02/01/97  01/01/27    8.750    8.750    14.750    5.375
  SBC552   10218003278    238,500.00   02/01/97  01/01/27   10.375   10.375    16.375    7.000
  SBC552   10218003353    138,500.00   02/01/97  01/01/27    9.250    8.250    15.250    6.250
  SBC552   10218003364     75,000.00   02/01/97  01/01/27    9.375    9.375    15.375    6.000
  SBC552   10218003369     76,500.00   02/01/97  01/01/27   10.750    9.750    16.750    7.500
  SBC552   10218003390    111,000.00   01/01/97  12/01/26   11.625   11.625    17.625    8.000
  SBC552   10218003701     92,772.00   02/01/97  01/01/27   11.625   10.625    17.625    7.250
  SBC552   10218003713     61,576.18   01/01/97  12/01/26   10.625   10.625    16.625    7.000
  SBC552   10218003831     79,950.00   02/01/97  01/01/27   13.125   12.125    19.125    7.750
  SBC552   10218003867    108,000.00   02/01/97  01/01/27   10.375   10.375    16.375    7.000
  SBC552   10218003881    112,500.00   02/01/97  01/01/27   12.000   11.000    18.000    7.750
  SBC552   10218003914    127,500.00   02/01/97  01/01/27   10.625   10.625    16.625    6.750
  SBC552   10218003948    175,000.00   02/01/97  01/01/27   12.500   11.500    18.500    7.500
  SBC552   10218003979    274,500.00   02/01/97  01/01/27   11.000   10.000    17.000    6.750
  SBC552   10218004006    158,000.00   02/01/97  01/01/27   10.875   10.875    16.875    7.500
  SBC552   10218004058     61,000.00   02/01/97  01/01/27   11.750   10.750    17.750    7.000
  SBC552   10218004084    200,000.00   02/01/97  01/01/27   10.250    9.250    16.250    6.250
  SBC552   10218004192    240,000.00   02/01/97  01/01/27    8.375    7.375    14.375    4.750
  SBC552   10218004215    197,910.00   02/01/97  01/01/27   10.000   10.000    16.000    6.625
  SBC552   10218004248     96,751.12   02/01/97  01/01/27    9.375    8.375    15.375    4.750
  SBC552   10218004263    118,107.87   01/01/97  12/01/26   11.000   10.000    17.000    6.500
  SBC552   10218004290    117,000.00   02/01/97  01/01/27   11.500   11.500    17.500    8.125
  SBC552   10218004331    174,400.00   02/01/97  01/01/27   10.625   10.625    16.625    8.000
  SBC552   10218004404     92,000.00   02/01/97  01/01/27    9.500    8.500    15.500    5.250
  SBC552   10218004449    124,000.00   02/01/97  01/01/27   12.500   11.500    18.500    7.500
  SBC552   10218004471    101,600.00   02/01/97  01/01/27    8.750    7.750    14.750    5.500
  SBC552   10218004522    174,000.00   02/01/97  01/01/27    8.750    7.750    14.750    5.500
  SBC552   10218004532    240,000.00   02/01/97  01/01/27   11.250   11.250    17.250    7.875
  SBC552   10218004617    150,500.00   02/01/97  01/01/27   10.125   10.125    16.125    6.750
  SBC552   10218004717    179,896.44   01/01/97  12/01/26    8.750    8.750    14.750    5.375
  SBC552   10218004722    314,300.00   02/01/97  01/01/27    8.750    7.750    14.750    4.750
  SBC552   10218004764    500,000.00   01/01/97  12/01/26    9.750    8.750    15.750    5.250
  SBC552   10218004783    103,160.00   02/01/97  01/01/27   10.375    9.375    16.375    6.000
  SBC552   10218004907     70,500.00   02/01/97  01/01/27    9.375    8.375    15.375    5.000
  SBC552   10218004952    162,000.00   02/01/97  01/01/27   10.750    9.750    16.750    6.750
  SBC552   10218005061     65,600.00   02/01/97  01/01/27   11.375   11.375    17.375    8.250
  SBC552   10218005211    132,000.00   02/01/97  01/01/27    9.750    8.750    15.750    5.250
  SBC552   10218005232    180,000.00   02/01/97  01/01/27    9.875    8.875    15.875    6.625
  SBC552   10218005263     73,000.00   02/01/97  01/01/27   11.125   10.125    17.125    6.750
  SBC552   10218005486    152,056.48   01/01/97  12/01/26   12.000   11.000    18.000    7.750
  SBC552   10218005510    145,289.05   02/01/97  01/01/27   10.250    9.250    16.250    6.500
  SBC552   10218005522     72,000.00   02/01/97  01/01/27   12.500   11.500    18.500    7.500
  SBC552   10218005601    110,000.00   02/01/97  01/01/27   12.125   11.125    18.125    8.250
  SBC552   10218005615    440,000.00   02/01/97  01/01/27    9.250    9.250    15.250    5.875
  SBC552   10218005631     76,000.00   02/01/97  01/01/27    9.875    9.875    15.875    6.250
  SBC552   10218005686    140,250.00   02/01/97  01/01/27   11.750   10.750    17.750    7.500
  SBC552   10218005764    144,500.00   02/01/97  01/01/27    9.500    8.500    15.500    5.500
  SBC552   10218006098     62,900.00   02/01/97  01/01/27   10.125   10.125    16.125    6.750
</TABLE>

<PAGE>

Alliance Funding Company                                          Page 4 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule A
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97
<TABLE>
<CAPTION>
                                                                                                                          Principal
                                                                                                                  Zip     Balance at
 Sale ID     Account      Name                     Address                           City                 State  Code    Origination
- ------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                                  <C>                               <C>                      <C>   <C>      <C>       
  SBC552   10218006203 LINDSAY AUGUSTA          215 WEST COULTER STREET           PHILADELPHIA             PA    19144     48,000.00
  SBC552   10218006314 HENDERSON KEN            1506 NORTH BEACH AVENUE           NORTH BEACH HAVEN        NJ    08008    136,500.00
  SBC552   10218006367 SOUDERS SHANE            107 CUMBERLAND ST                 HARRISBURG               PA    17102     65,000.00
  SBC552   10218006395 RODRIGUEZ CHARLES        206 WINDWARD COURT                PORT JEFFERSON           NY    11777    100,000.00
  SBC552   10218006397 ELLIOTT JOANN            5106 CROSSWOOD AVE                BALTIMORE                MD    21214     48,750.00
  SBC552   10218006546 JOHN J ANDREW ST JR      840 MOORES MILL ROAD              ATLANTA                  GA    30327    175,000.00
  SBC552   10218006558 GAMBLE MARLA D           1525 WEST END DRIVE               PHILADELPHIA             PA    19151     70,400.00
  SBC552   10218007063 SHERWOOD LISA I          4 HILLSIDE AVE                    RIVERDALE                NJ    07457     90,000.00
  SBC552   10218007395 CHIAPPETTA RICHARD       18 SLEEPY HOLLOW LANE             STAMFORD                 CT    06905    178,000.00
  SBC552   10218007424 WEH DOUGLAS              3895 PARK AVE                     EDISON                   NJ    08817    185,000.00
           -------------------------------------                                                                       -------------
                71     Sale Total                                                                                      10,218,492.00
               134     Total with Superior                                                                             17,115,727.00
               134     Grand Total                                                                                     17,115,727.00


<CAPTION>
                        Cut-off Date    First               Initial  Minimum  Maximum
                         Principal     Payment   Maturity  Mortgage Mortgage  Mortgage  Gross
 Sale ID     Account      Balance       Date       Date      Rate     Rate      Rate    Margin
- -----------------------------------------------------------------------------------------------
<S>        <C>            <C>          <C>       <C>        <C>      <C>       <C>       <C>  
  SBC552   10218006203     47,977.01   01/01/97  12/01/26    9.625    9.625    15.625    6.000
  SBC552   10218006314    136,500.00   02/01/97  01/01/27    9.625    9.625    15.625    7.000
  SBC552   10218006367     64,969.68   01/01/97  12/01/26    9.750    8.750    15.750    5.500
  SBC552   10218006395    100,000.00   02/01/97  01/01/27    9.625    9.625    15.625    6.000
  SBC552   10218006397     48,750.00   01/01/97  12/01/26   11.125   11.125    17.125    7.750
  SBC552   10218006546    175,000.00   02/01/97  01/01/27   10.375   10.375    16.375    6.750
  SBC552   10218006558     70,378.11   01/01/97  12/01/26   11.625   11.625    17.625    8.500
  SBC552   10218007063     90,000.00   02/01/97  01/01/27    8.375    8.375    14.375    6.000
  SBC552   10218007395    177,902.77   12/01/96  11/01/26    9.000    9.000    15.000    6.250
  SBC552   10218007424    185,000.00   02/01/97  01/01/27   10.375   10.375    16.375    7.000
           ----------- -------------                        ----------------------------------
                71     10,217,262.43                        10.227    9.702    16.227    6.454
               134     17,111,761.94                        10.407    9.834    16.407    6.460
               134     17,111,761.94                        10.407    9.834    16.407    6.460
</TABLE>


<PAGE>

Alliance Funding Company                                          Page 1 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule B
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97

<TABLE>
<CAPTION>
                                                  Principal    Type of  Scheduled  Cut-off Date  Original   Next     Current 
                                                 Balance at   Mortgaged  Payment     Principal     LTV   Adjustment  Mortgage
Sale ID   Account      Name                      Origination  Property  Int & Prin    Balance     Ratio     Date      Rate   
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>         <C>                            <C>           <C>      <C>         <C>          <C>    <C>         <C>    
 SB551  10216123916 ORTIZ THOMAS                   276,000.00    SF       2,195.98    275,532.37   80.0   04/01/97    8.875  
 SB551  10216125624 CASTRO EDGAR                   160,000.00    SF       1,630.41    159,339.53   69.5   04/01/97   11.875  
 SB551  10216130934 BLEVINS RICHARD                 73,500.00    SF         699.96     73,500.00   75.0   12/01/98   11.000  
 SB551  10216131876 MARABITO PATRICIA M            113,000.00    SF         970.84    113,000.00   59.4   01/01/99    9.750  
 SB551  10216132232 MARTIN SCOTT M                  70,400.00    SF         690.46     70,325.29   80.0   05/01/97   11.375  
 SB551  10216132263 HOVATTER JENNIFER L             72,000.00    SF         522.05     71,950.45   79.5   05/01/97    7.875  
 SB551  10216133071 HARRIS BONNIE                  112,500.00    SF         935.72    112,500.00   89.6   07/01/97    9.375  
 SB551  10216133095 STEFOS STEPHEN                 170,000.00    SF       1,539.19    170,000.00   85.0   06/01/97    9.875  
 SB551  10216135059 PALMER KIM                      87,300.00    SF         831.38     87,268.87   66.6   06/01/97   11.000  
 SB551  10216135221 BOGART TONY VAN DEN             28,600.00    SF         272.36     28,600.00   65.0   12/01/98   11.000  
 SB551  10216135386 ASHLEY AUGUSTUS B               65,200.00    SF         584.26     65,200.00   89.9   01/01/99   10.250  
 SB551  10216135632 AMEZCUA SERGIO                  73,100.00    MF         689.25     73,100.00   85.0   01/01/99   10.875  
 SB551  10216135784 GREINER KERY W                 116,910.00    SF       1,113.36    116,868.31   90.0   12/01/98   11.000  
 SB551  10216135907 DRUMMOND RICHARD A             172,550.00    SF       1,578.38    172,550.00   85.0   01/01/99   10.500  
 SB551  10216136127 HOWELL DENNIS LEE               93,500.00    SF         961.75     93,500.00   79.9   01/01/99   12.000  
 SB551  10216136151 CRUZ MAYNARD DE LA             204,000.00    SF       1,923.50    203,925.25   85.0   06/01/97   10.875  
 SB551  10216136318 THIEL ROBERT L                  73,800.00    SF         661.32     73,800.00   90.0   01/01/99   10.250  
 SB551  10216136412 WEEKLY RALPH                   360,000.00    SF       3,842.13    360,000.00   80.0   01/01/99   12.500  
 SB551  10216136423 ZIEGLER OSCAR J                 78,300.00    SF         745.67     78,300.00   49.5   01/01/99   11.000  
 SB551  10216136559 JACOBS DONALD J                 96,800.00    SF         822.79     96,800.00   80.0   01/01/99    9.625  
 SB551  10216136788 MULLIGAN JOSEPH F               97,600.00    SF         892.79     97,561.21   80.0   12/01/98   10.500  
 SB551  10216136895 BUTLER ALFLOYD                 109,600.00    SF       1,169.71    109,600.00   80.0   01/01/99   12.500  
 SB551  10216136896 MATA MARIO M                    81,000.00    SF         703.36     80,963.20   90.0   12/01/98    9.875  
 SB551  10216136970 LIPTRAP RICHARD A               95,000.00    SF         816.20     95,000.00   60.8   01/01/99    9.750  
 SB551  10216137201 WATKINS ROBIN L H               97,750.00    SF         912.48     97,750.00   85.0   01/01/99   10.750  
 SB551  10216137248 CURTIN KATHI M                  87,900.00    SF         707.26     87,900.00   78.4   01/01/99    9.000  
 SB551  10216137424 AL-DIRAJI ALA                   40,400.00    SF         343.40     40,361.13   87.8   06/01/97    9.625  
 SB551  10216137443 BROWN CARY                      58,500.00    SF         497.24     58,471.98   90.0   06/01/97    9.625  
 SB551  10216137470 SANCHEZ MARCELINO D             30,225.00    SF         305.10     30,215.86   65.0   12/01/98   11.750  
 SB551  10216137523 YOUNG THERESA J                120,000.00    SF       1,142.79    120,000.00   75.0   01/01/99   11.000  
 SB551  10216137530 GODINEZ LINDA                   15,000.00    SF         142.85     15,000.00   35.7   01/01/99   11.000  
 SB551  10216137805 BUSTAMANTE ETELVERTO            96,300.00    SF         836.22     96,092.47   90.0   01/01/99    9.875  
 SB551  10216137828 SAAD ALI H                     114,300.00    MF       1,024.24    114,300.00   87.9   12/01/98   10.250  
 SB551  10216137886 IVERSON VERN W                 267,750.00    SF       2,399.31    267,073.29   85.0   01/01/99   10.250  
 SB551  10216137889 WILKERSON ROGER C              184,000.00    SF       1,945.92    184,000.00   80.0   01/01/99   12.375  
 SB551  10216137905 WILLIAMS KIMBERLY T             52,500.00    SF         495.02     52,215.76   75.0   05/01/97   10.875  
 SB551  10216138055 ANSELMO JOSEPH                  40,000.00    SF         403.76     40,000.00   48.7   01/01/99   11.750  
 SB551  10216138158 HAGER BONNIE                   112,000.00    SF         962.25    112,000.00   80.0   01/01/99    9.750  
 SB551  10216138179 BEYDOUN MOHAMAD A               75,300.00    SF         585.68     75,300.00   87.5   06/01/97    8.625  
 SB551  10216138359 BOYLE SUSAN P                   81,000.00    SF         659.04     81,000.00   90.0   07/01/97    9.125  
 SB551  10216138398 WOLSKI JOHN A                   27,000.00    SF         229.50     27,000.00   22.0   01/01/99    9.625  
 SB551  10216138401 GONZALEZ NORMA L               157,200.00    SF       1,482.22    157,200.00   84.9   01/01/99   10.875  
 SB551  10216138409 ELBERT ANDREW C JR             270,000.00    SF       2,419.47    270,000.00   90.0   01/01/99   10.250  
 SB551  10216138507 JARRELL GAYLE E                 72,000.00    SF         665.35     72,000.00   80.0   07/01/97   10.625  
 SB551  10216138531 PODMORE CLYDE H                 80,000.00    SF         731.79     80,000.00   60.6   01/01/99   10.500  
 SB551  10216138540 SANTANA JOSE                   144,000.00    MF       1,536.85    144,000.00   80.0   01/01/99   12.500  
 SB551  10216138603 TROQUATO GEORGE J              252,000.00    SF       2,141.98    252,000.00   80.0   07/01/97    9.625  
 SB551  10216138679 ALWATAN ABBAS                   30,600.00    SF         254.52     30,584.54   90.0   06/01/97    9.375  
 SB551  10216138772 SUGUITAN MARCIAL A             180,000.00    SF       2,026.39    180,000.00   80.0   01/01/99   13.250  
 SB551  10216138784 KELLEY BOBBIE G                 73,100.00    SF         709.99     73,100.00   85.0   01/01/99   11.250  
 SB551  10216138863 JACQUES MAE LOUISE              25,000.00    SF         238.08     25,000.00   46.7   01/01/99   11.000  
 SB551  10216138940 HILLMAN GARY J                 360,000.00    SF       3,668.40    360,000.00   80.0   07/01/97   11.875  
 SB551  10216138990 MOORE CHARLES                   45,000.00    SF         462.88     45,000.00   51.7   01/01/99   12.000  
 SB551  10216139161 WILLMORE ANN AVERETT            94,000.00    SF         939.85     94,000.00   71.2   01/01/99   11.625  
 SB551  10216139162 BUTA PHILIP J                  168,000.00    SF       1,427.99    168,000.00   76.3   07/01/97    9.625  
 SB551  10216139459 JOHNSON DAVID P                 42,750.00    CD         355.58     42,750.00   75.0   01/01/99    9.375  
 SB551  10216139526 AMBROSE JOHN M                  56,700.00    SF         523.96     56,700.00   63.0   07/01/97   10.625  
 SB551  10216139542 SCHIFFER FRED                   59,200.00    SF         503.20     59,200.00   80.0   07/01/97    9.625  
 SB551  10216139855 OCAMPO NILO SR                 126,700.00    SF       1,111.88    126,700.00   74.9   01/01/99   10.000  
 SB551  10216139857 MARTIN RUSSELL W                54,000.00    SF         434.50     54,000.00   60.0   01/01/99    9.000  
 SB551  10216139918 LOVELAND STERLING G             68,800.00    SF         629.35     68,800.00   80.0   01/01/99   10.500  
</TABLE>

                      Property              
                      Value at      Owner   
Sale ID   Account    Origination  Occupied  
- --------------------------------------------
 SB551  10216123916    345,000.00     Y     
 SB551  10216125624    230,000.00     Y     
 SB551  10216130934     98,000.00     Y     
 SB551  10216131876    190,000.00     Y     
 SB551  10216132232     88,000.00     Y     
 SB551  10216132263     90,500.00     Y     
 SB551  10216133071    125,500.00     Y     
 SB551  10216133095    200,000.00     Y     
 SB551  10216135059    131,000.00     Y     
 SB551  10216135221     44,000.00     Y     
 SB551  10216135386     72,500.00     Y     
 SB551  10216135632     86,000.00     Y     
 SB551  10216135784    129,900.00     Y     
 SB551  10216135907    203,000.00     Y     
 SB551  10216136127    117,000.00     Y     
 SB551  10216136151    240,000.00     Y     
 SB551  10216136318     82,000.00     Y     
 SB551  10216136412    450,000.00     Y     
 SB551  10216136423    158,000.00     Y     
 SB551  10216136559    121,000.00     Y     
 SB551  10216136788    122,000.00     Y     
 SB551  10216136895    137,000.00     Y     
 SB551  10216136896     90,000.00     Y     
 SB551  10216136970    156,000.00     Y     
 SB551  10216137201    115,000.00     Y     
 SB551  10216137248    112,000.00     Y     
 SB551  10216137424     46,000.00     Y     
 SB551  10216137443     65,000.00     Y     
 SB551  10216137470     46,500.00     Y     
 SB551  10216137523    160,000.00     Y     
 SB551  10216137530     42,000.00     Y     
 SB551  10216137805    107,000.00     Y     
 SB551  10216137828    130,000.00     Y     
 SB551  10216137886    315,000.00     Y     
 SB551  10216137889    230,000.00     Y     
 SB551  10216137905     70,000.00     Y     
 SB551  10216138055     82,000.00     Y     
 SB551  10216138158    140,000.00     Y     
 SB551  10216138179     86,000.00     Y     
 SB551  10216138359     90,000.00     Y     
 SB551  10216138398    122,500.00     Y     
 SB551  10216138401    185,000.00     Y     
 SB551  10216138409    300,000.00     Y     
 SB551  10216138507     90,000.00     Y     
 SB551  10216138531    132,000.00     Y     
 SB551  10216138540    180,000.00     Y     
 SB551  10216138603    315,000.00     Y     
 SB551  10216138679     34,000.00     Y     
 SB551  10216138772    225,000.00     Y     
 SB551  10216138784     86,000.00     Y     
 SB551  10216138863     53,500.00     Y     
 SB551  10216138940    450,000.00     Y     
 SB551  10216138990     87,000.00     Y     
 SB551  10216139161    132,000.00     Y     
 SB551  10216139162    220,000.00     Y     
 SB551  10216139459     57,000.00     Y     
 SB551  10216139526     90,000.00     Y     
 SB551  10216139542     74,000.00     Y     
 SB551  10216139855    169,000.00     Y     
 SB551  10216139857     90,000.00     Y     
 SB551  10216139918     86,000.00     Y     


<PAGE>

Alliance Funding Company                                          Page 2 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule B
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97

<TABLE>
<CAPTION>
                                                  Principal    Type of  Scheduled  Cut-off Date  Original   Next     Current 
                                                 Balance at   Mortgaged  Payment     Principal     LTV   Adjustment  Mortgage
Sale ID   Account      Name                      Origination  Property  Int & Prin    Balance     Ratio     Date      Rate   
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>         <C>                            <C>           <C>      <C>         <C>          <C>    <C>         <C>    
 SB551  10216140181 FURNISS KATHLEEN J              50,000.00    SF         420.43     50,000.00   32.2   01/01/99    9.500    
 SB551  10216140485 CHARLESTON DEBORAH R           107,600.00    SF       1,055.30    107,600.00   80.0   01/01/99   11.375    
        -----------------------------------------------------           -------------------------------              ------
             63     Sale Total                   6,897,235.00            64,124.84  6,894,499.51   78.9              10.673    
</TABLE>

                      Property              
                      Value at      Owner   
Sale ID   Account    Origination  Occupied  
- --------------------------------------------
 SB551  10216140181    155,000.00     N 
 SB551  10216140485    134,500.00     Y 
        -----------  ------------       
             63      9,010,400.00       

<PAGE>

Alliance Funding Company                                          Page 3 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule B
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97

<TABLE>
<CAPTION>
                                                  Principal    Type of  Scheduled  Cut-off Date  Original   Next     Current 
                                                 Balance at   Mortgaged  Payment     Principal     LTV   Adjustment  Mortgage
Sale ID   Account      Name                      Origination  Property  Int & Prin    Balance     Ratio     Date      Rate   
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>         <C>                            <C>           <C>      <C>         <C>          <C>    <C>         <C>    
SBC552  10218001463 CEYLAN DENHO                   134,400.00    SF       1,069.35    134,324.65   79.0   06/01/97    8.875
SBC552  10218001537 PROVVIDENZA SCOTT V            178,500.00    SF       1,649.51    178,291.04   85.0   04/01/97   10.625
SBC552  10218001560 ANTHONY JOSEPH S                75,200.00    SF         744.70     75,151.40   80.0   04/01/97   11.500
SBC552  10218001682 KERNAN MELLA M                 412,000.00    SF       3,426.81    411,791.94   80.0   06/01/97    9.375
SBC552  10218001959 BOLTUCH RUBIN                   60,000.00    SF         554.46     59,942.28   70.5   11/01/98   10.625
SBC552  10218002228 ANGEL PEDRO DEL                168,000.00    SF       1,728.07    168,000.00   80.0   01/01/99   12.000
SBC552  10218002424 PIETRAK DOUGLAS                 73,600.00    SF         707.87     73,600.00   80.0   06/01/97   11.125
SBC552  10218002652 SIMS ROBERT                    233,200.00    MF       2,111.41    233,200.00   80.9   12/01/98   10.375
SBC552  10218002705 HARRISON THOMAS R               82,400.00    SF         685.36     82,400.00   80.0   06/01/97    9.375
SBC552  10218002771 ZUNIGA AMOUR                   125,500.00    SF       1,218.93    125,457.63   80.9   06/01/97   11.250
SBC552  10218002885 PULLIAM ERIC T                  45,900.00    SF         357.01     45,900.00   90.0   07/01/97    8.625
SBC552  10218002970 ROSSI LINDA                    150,500.00    MF       1,251.78    150,500.00   70.0   01/01/99    9.375
SBC552  10218003120 VARGAS FAUSTO                  222,300.00    MF       1,992.03    222,206.78   90.0   12/01/98   10.250
SBC552  10218003204 MALAFRONTE JOSEPH              120,000.00    SF         944.04    120,000.00   76.9   07/01/97    8.750
SBC552  10218003278 QUIZHPI LUIS S                 238,500.00    MF       2,159.40    238,500.00   90.0   07/01/97   10.375
SBC552  10218003353 TELYMONDE LOUIS J              138,500.00    SF       1,139.41    138,500.00   65.9   01/01/99    9.250
SBC552  10218003364 MORSE MARY ANN                  75,000.00    SF         623.81     75,000.00   70.7   07/01/97    9.375
SBC552  10218003369 OCONNOR THOMAS R                76,500.00    SF         714.11     76,500.00   85.0   01/01/99   10.750
SBC552  10218003390 LEFKOWITZ RISA                 111,000.00    SF       1,109.82    111,000.00   79.5   06/01/97   11.625
SBC552  10218003701 TRUSS CAROLYN J                 92,772.00    SF         927.57     92,772.00   85.9   01/01/99   11.625
SBC552  10218003713 BARNHART PHYLISS J              61,600.00    SF         569.24     61,576.18   80.0   06/01/97   10.625
SBC552  10218003831 JOHNSON MARY                    79,950.00    MF         892.22     79,950.00   65.0   01/01/99   13.125
SBC552  10218003867 MEDLEY KATHA L                 108,000.00    SF         977.84    108,000.00   80.0   07/01/97   10.375
SBC552  10218003881 CIVITELLO JAMES A              112,500.00    SF       1,157.19    112,500.00   75.0   01/01/99   12.000
SBC552  10218003914 RINDNER MARK H                 127,500.00    SF       1,178.22    127,500.00   85.0   07/01/97   10.625
SBC552  10218003948 MELLINA ROBERT                 175,000.00    SF       1,867.70    175,000.00   79.5   01/01/99   12.500
SBC552  10218003979 PAULINO LUIS R                 274,500.00    MF       2,614.13    274,500.00   90.0   01/01/99   11.000
SBC552  10218004006 PRESTIA JOHN                   158,000.00    SF       1,489.77    158,000.00   79.7   07/01/97   10.875
SBC552  10218004058 WILLIAMS HENRY                  61,000.00    SF         615.74     61,000.00   67.0   01/01/99   11.750
SBC552  10218004084 FLOREZ GUSTAVO                 200,000.00    MF       1,792.20    200,000.00   72.4   01/01/99   10.250
SBC552  10218004192 TURDIU PARID                   240,000.00    MF       1,824.17    240,000.00   80.0   01/01/99    8.375
SBC552  10218004215 BUONINCONTRI LOUIS             197,910.00    MF       1,736.80    197,910.00   90.0   07/01/97   10.000
SBC552  10218004248 SWALLER RHODA M                 96,800.00    SF         805.13     96,751.12   80.0   01/01/99    9.375
SBC552  10218004263 WHALEN ROBERT                  118,150.00    SF       1,125.17    118,107.87   85.0   12/01/98   11.000
SBC552  10218004290 ZOHAR POLINA                   117,000.00    SF       1,158.64    117,000.00   80.6   07/01/97   11.500
SBC552  10218004331 SKORUPA ROBERT                 174,400.00    SF       1,611.63    174,400.00   80.0   07/01/97   10.625
SBC552  10218004404 CHASTAIN HUBERT LAMAR           92,000.00    SF         773.59     92,000.00   80.0   01/01/99    9.500
SBC552  10218004449 RIMPLE JACQUELINE              124,000.00    MF       1,323.40    124,000.00   80.0   01/01/99   12.500
SBC552  10218004471 LYDEM WAYNE D                  101,600.00    SF         799.29    101,600.00   80.0   01/01/99    8.750
SBC552  10218004522 HELMS JANET                    174,000.00    SF       1,368.86    174,000.00   75.0   01/01/99    8.750
SBC552  10218004532 OVADIA DRORA SHALMONI          240,000.00    MF       2,331.03    240,000.00   80.0   07/01/97   11.250
SBC552  10218004617 WU WINNIE HAI YAN              150,500.00    SF       1,334.67    150,500.00   70.0   07/01/97   10.125
SBC552  10218004717 CUBA ROBERT                    180,000.00    SF       1,416.06    179,896.44   80.0   06/01/97    8.750
SBC552  10218004722 FREIDFERTIG SHLOMO             314,300.00    SF       2,472.60    314,300.00   70.0   01/01/99    8.750
SBC552  10218004764 SMALLWOOD CONSTANCE E          500,000.00    SF       4,295.77    500,000.00   77.5   12/01/98    9.750
SBC552  10218004783 BAEHR WILLIAM R                103,160.00    SF         934.02    103,160.00   73.6   01/01/99   10.375
SBC552  10218004907 ROBBINS ANN MARIE               70,500.00    SF         586.38     70,500.00   61.3   01/01/99    9.375
SBC552  10218004952 JOHNSON KURT T                 162,000.00    SF       1,512.24    162,000.00   90.0   01/01/99   10.750
SBC552  10218005061 REID DELORES                    65,600.00    SF         643.38     65,600.00   80.0   07/01/97   11.375
SBC552  10218005211 PARKER LOUISE L                132,000.00    SF       1,134.08    132,000.00   80.4   01/01/99    9.750
SBC552  10218005232 CLARKE EDWARD                  180,000.00    SF       1,563.03    180,000.00   90.0   01/01/99    9.875
SBC552  10218005263 GAUDIO MICHAEL DAVID            73,000.00    SF         702.10     73,000.00   64.6   01/01/99   11.125
SBC552  10218005486 KLEBANOFF MICHAEL              152,100.00    SF       1,564.52    152,056.48   84.9   12/01/98   12.000
SBC552  10218005510 RINALDI NICHOLAS               145,350.00    SF       1,302.48    145,289.05   85.0   01/01/99   10.250
SBC552  10218005522 KLEIN CHARLES U                 72,000.00    SF         768.43     72,000.00   80.0   01/01/99   12.500
SBC552  10218005601 COLE EMERICA E                 110,000.00    SF       1,142.07    110,000.00   73.3   01/01/99   12.125
SBC552  10218005615 HENDERSON STEPHEN              440,000.00    SF       3,619.77    440,000.00   80.0   07/01/97    9.250
SBC552  10218005631 PEIFFER MICHELLE D.             76,000.00    SF         659.94     76,000.00   80.0   07/01/97    9.875
SBC552  10218005686 STEVENS DAVID T                140,250.00    SF       1,415.70    140,250.00   85.0   01/01/99   11.750
SBC552  10218005764 MALICK DOUGLAS T               144,500.00    SF       1,215.03    144,500.00   85.0   01/01/99    9.500
SBC552  10218006098 RESCIGNO CHRISTOPHER            62,900.00    MF         557.81     62,900.00   89.9   07/01/97   10.125
</TABLE>

                      Property              
                      Value at      Owner   
Sale ID   Account    Origination  Occupied  
- --------------------------------------------
SBC552  10218001463    170,000.00     Y  
SBC552  10218001537    210,000.00     Y  
SBC552  10218001560     94,000.00     Y  
SBC552  10218001682    515,000.00     Y  
SBC552  10218001959     85,000.00     Y  
SBC552  10218002228    210,000.00     Y  
SBC552  10218002424     92,000.00     Y  
SBC552  10218002652    288,000.00     Y  
SBC552  10218002705    103,000.00     Y  
SBC552  10218002771    155,000.00     Y  
SBC552  10218002885     51,000.00     Y  
SBC552  10218002970    215,000.00     N  
SBC552  10218003120    247,000.00     Y  
SBC552  10218003204    156,000.00     Y  
SBC552  10218003278    265,000.00     Y  
SBC552  10218003353    210,000.00     Y  
SBC552  10218003364    106,000.00     Y  
SBC552  10218003369     90,000.00     Y  
SBC552  10218003390    139,500.00     Y  
SBC552  10218003701    108,000.00     Y  
SBC552  10218003713     77,000.00     Y  
SBC552  10218003831    123,000.00     Y  
SBC552  10218003867    135,000.00     Y  
SBC552  10218003881    150,000.00     Y  
SBC552  10218003914    150,000.00     Y  
SBC552  10218003948    220,000.00     Y  
SBC552  10218003979    305,000.00     Y  
SBC552  10218004006    198,000.00     Y  
SBC552  10218004058     91,000.00     Y  
SBC552  10218004084    276,000.00     Y  
SBC552  10218004192    300,000.00     Y  
SBC552  10218004215    219,900.00     Y  
SBC552  10218004248    121,000.00     Y  
SBC552  10218004263    139,000.00     Y  
SBC552  10218004290    145,000.00     Y  
SBC552  10218004331    218,000.00     Y  
SBC552  10218004404    115,000.00     Y  
SBC552  10218004449    155,000.00     Y  
SBC552  10218004471    127,000.00     Y  
SBC552  10218004522    232,000.00     Y  
SBC552  10218004532    300,000.00     Y  
SBC552  10218004617    215,000.00     Y  
SBC552  10218004717    225,000.00     Y  
SBC552  10218004722    449,000.00     N  
SBC552  10218004764    645,000.00     Y  
SBC552  10218004783    140,000.00     Y  
SBC552  10218004907    115,000.00     Y  
SBC552  10218004952    180,000.00     Y  
SBC552  10218005061     82,000.00     Y  
SBC552  10218005211    164,000.00     Y  
SBC552  10218005232    200,000.00     Y  
SBC552  10218005263    113,000.00     Y  
SBC552  10218005486    179,000.00     Y  
SBC552  10218005510    171,000.00     Y  
SBC552  10218005522     90,000.00     Y  
SBC552  10218005601    150,000.00     Y  
SBC552  10218005615    550,000.00     Y  
SBC552  10218005631     95,000.00     Y  
SBC552  10218005686    165,000.00     Y  
SBC552  10218005764    170,000.00     Y  
SBC552  10218006098     69,900.00     N  

<PAGE>

Alliance Funding Company                                          Page 4 1/22/97
A division of Superior Bank FSB

                                 Sale Schedule B
      1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
                              - Settlement 1/22/97

<TABLE>
<CAPTION>
                                                  Principal    Type of  Scheduled  Cut-off Date  Original   Next     Current 
                                                 Balance at   Mortgaged  Payment     Principal     LTV   Adjustment  Mortgage
Sale ID   Account      Name                      Origination  Property  Int & Prin    Balance     Ratio     Date      Rate   
- -----------------------------------------------------------------------------------------------------------------------------
<S>     <C>         <C>                            <C>           <C>      <C>         <C>          <C>    <C>         <C>    
SBC552  10218006203 LINDSAY AUGUSTA                 48,000.00    SF         407.99     47,977.01   68.5   06/01/97    9.625   
SBC552  10218006314 HENDERSON KEN                  136,500.00    MF       1,160.24    136,500.00   70.0   07/01/97    9.625   
SBC552  10218006367 SOUDERS SHANE                   65,000.00    SF         558.45     64,969.68   83.0   12/01/98    9.750   
SBC552  10218006395 RODRIGUEZ CHARLES              100,000.00    CD         849.99    100,000.00   64.8   07/01/97    9.625   
SBC552  10218006397 ELLIOTT JOANN                   48,750.00    SF         468.87     48,750.00   65.0   06/01/97   11.125   
SBC552  10218006546 JOHN J ANDREW ST JR            175,000.00    SF       1,584.47    175,000.00   88.3   07/01/97   10.375   
SBC552  10218006558 GAMBLE MARLA D                  70,400.00    SF         703.89     70,378.11   79.5   06/01/97   11.625   
SBC552  10218007063 SHERWOOD LISA I                 90,000.00    SF         684.06     90,000.00   50.5   07/01/97    8.375   
SBC552  10218007395 CHIAPPETTA RICHARD             178,000.00    SF       1,432.23    177,902.77   79.1   05/01/97    9.000   
SBC552  10218007424 WEH DOUGLAS                    185,000.00    SF       1,675.00    185,000.00   67.2   07/01/97   10.375   
        -----------------------------------------------------           -------------------------------             -------
             71     Sale Total                  10,218,492.00            91,492.68 10,217,262.43   79.3              10.227   
            134     Total with Superior         17,115,727.00           155,617.52 17,111,761.94   79.1              10.407   
            134     Grand Total                 17,115,727.00           155,617.52 17,111,761.94   79.1              10.407   
</TABLE>

                      Property              
                      Value at      Owner   
Sale ID   Account    Origination  Occupied  
- --------------------------------------------
SBC552  10218006203     70,000.00     Y
SBC552  10218006314    195,000.00     Y
SBC552  10218006367     78,250.00     Y
SBC552  10218006395    154,090.00     Y
SBC552  10218006397     75,000.00     Y
SBC552  10218006546    198,000.00     Y
SBC552  10218006558     88,500.00     Y
SBC552  10218007063    178,000.00     Y
SBC552  10218007395    225,000.00     Y
SBC552  10218007424    275,000.00     Y
        ----------- -------------      
             71     13,011,140.00      
            134     22,021,540.00      
            134     22,021,540.00      



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